INDUSTRIES
At My Tax Doc Inc, our services mirror the diverse local economy Southern California. Our firm provides tax and accounting services to clients in real estate development and construction (substantially all land uses and trade types), professional service firms, entertainment industry, photographers, and medical industry. Our depth of knowledge and service capabilities in each industry is extensive.
Entertainment / Creative
Actors, producers, editors, film production companies, or any creative artist who works within the entertainment industry, require a different level of accounting support than the average business. At My Tax Doc, we understand the complexities of accounting for the entertainment industry and possess the experience to efficiently manage your finances.
In addition, we can consult with you to make sure your business is properly structured to maximize tax benefits while minimizing your business’ legal exposure.
Real Estate
History has proven yet again that the real estate and construction industries are either boom or bust. Whether in a slowdown or development surge, the fundamentals for success remain market knowledge, marketing savvy, skilled management, and sound financing. Our team understands these factors and how they interact. Our services are fine-tuned to suit the special needs of owners, developers, contractors, and property managers.
- Segregation of improvements and repairs and maintenance costs
- Like-Kind Exchange transactions, traditional and complex
- Character of activities (investment and business)
Law / Professional Service Firms
We provide law and other professional service firms with tax, accounting, auditing, and a variety of business advisory services, including business development training and time and billing methods, budgeting, and cost containment advice and assistance.
Medical
In addition to preparing tax returns for individual doctors, their medical groups, and other medical organizations, our tax professionals help structure the organizations and transactions of our clients to meet their unique objectives in a tax advantageous way. Estate planning and designing buy/sell agreements are services we are asked to provide. Our tax professionals are also well-trained and licensed to represent you before the IRS and other taxing authorities.
Retail / Wholesale
Running a retail or wholesale business can be tough and often a 7-days-a-week challenge. Tight profit margins and changing economic pressures put a laser focus on getting it right the first time. Hiring a trusted financial advisor is one way to alleviate some of this stress and help protect the financial health of your business.
Our firm provided accounting and tax services for retail and wholesale businesses for over 10 years. This industry experience helps us provide you with streamlined, efficient audit, tax and consulting solutions (not research projects). Our services include, among others:
- Tax planning and preparation
- Financial statement preparation
- Inventory tracking
- Accounting systems consulting
- Internal controls review
- Fraud detection