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Fagan & Fagan, LLP profile image
F

Fagan & Fagan, LLP

Los Angeles

‘19 Certificate of Excellence

Fagan & Fagan, LLP & MyBetterBooks specializes in bookkeeping, income tax, and payroll services for small businesses. Accounting is a cornerstone of every business, no matter what you sell or build. We understand that no one likes to deal with the books; that's where we come in. We custom tailor and design a process for your business, address your trouble spots, ensuring good cash management, and minimizing taxes so that you can rest easy knowing the accounting has been taken care of at a cost that you can afford. Who is our ideal client? We love working with startups, solo-preneurs, in addition to long-established, closely held, family-owned businesses. We work across multiple industries from Food & Beverage Restaurants to insurance agents, to wholesale trade, retail, doctors, lawyers, builders, and contractors and dentists. We love e-commerce clients too! We've been in business for over 40 years, we've worked with every kind of client you can imagine. We do not just fill the void of bookkeeping in your business. We design a full accounting solution for your operations that ensure the highest level of speed and accuracy. Stop relying on independent bookkeepers that take months to turn your work around. We promise results now and value for your money. History Established in 1976. Just a few years after dinosaurs roamed the planet... a US Marine, by way of Lincoln country, married and living in Southern California, became a Certified Public Accountant. Over the course of the next 40 years, Richard E. (Ed) Fagan, CPA built his business serving the needs of the local community providing income tax and general accounting services. In 2001, his son, Kurt Fagan, joined the practice. As the business flourished, Ed and Kurt began to identify a problem in the accounting industry. Independent bookkeepers did not have the skill necessary to provide bookkeeping services that were up to par with the needs of those businesses. So, in 2015, the firm became two halves; on one side, a CPA firm seasoned with 40 years of tax experience. On the other, MyBetterBooks was formed to serve the simple but necessary bookkeeping needs of business clients everywhere. Together, the two halves ensure a complete solution for every business while keeping the cost affordable.

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What kind of accounting services do you provide?

- Bookkeeping & Payroll Services
- Tax Planning & Preparation for Individuals, Corporations, Partnerships, LLCs, Sole Props, and Non-Profits.
- QuickBooks® & Xero® Consulting, Training, & Setup
- Full-Service Accounts Payable, Receivable Processing
- Financial Statement Preparation Monthly, Quarterly, & Annually
- 1031 Real Estate Exchange Consulting & Services
- Court Accountings & Estate & Trust Tax Returns

Why is it so important for businesses to hire a great accountant?

You need a partner that can give you no-nonsense answers about complicated financial and business questions. A good accountant will be knowledgeable and experienced in finance, human resources, payroll, general business matters, and, of course, state and federal tax compliance.

We are that partner. Fagan & Fagan, LLP & MyBetterBooks spends a great deal of time educating our clients and ourselves on the latest issues affecting small business and individual taxpayers so that we can properly advise our clients to run a better business.

What do you love most about your job?

I love watching a business succeed. There is something magical that happens when a business does what it does best. The best part of my job is that I get to be a part of that magic and help my client's team succeed.

What inspired you to start your own business?

We are a family of entrepreneurs. There never was any other way for us. Whether our business was farming, trucking, software, or accounting, the Fagan name has always been synonymous with making our own path.

Why should our clients choose you?

At Fagan & Fagan, nothing comes before our clients. We treat every client, no matter how big or small, like they are our only client. That means when you call, a human answers the phone. They will most likely know who you are and be aware of your needs. If you do have to leave a message, you can expect a callback. We will provide a level of quality and care, detail and discretion, and an overall level of service that is just plain hard to find these days. We pride ourselves on a client list that maintains over the years. There are many clients that have been with the firm more than 30 years. Marriages don't last long! We must be doing something right. Give us a call. We will not disappoint.

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Accounting FAQs

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Your expert Accountant will be able to advise you on the full range of services available and will be able to help you select the best financial services for your company. They will also be able to answer any questions you may have. Use Bark to get free quotes and find an accountant today.

The title 'Chartered Accountant' and the letters ACA or FCA, indicates that the person has undertaken a minimum of three years in-depth training, passed a series of examinations in financial management, auditing, business strategy and taxation as well as committing to continuing professional development.

As opposed to specialising in tax returns, a Chartered Accountant instead will focus on providing accurate records of all financial transactions for an individual or business. Consequently, this type of accountant is more likely to be found employed in a more commercial capacity.

Hiring the right Accountant for your business may take a bit of time. Who you choose to look after your accounts is vital, especially if you have plans to expand as you will need to look for someone who will get more involved in the financial side of things the bigger your company gets.

  • Research - Start with the company’s website and look at the accounting services they offer with an eye on what you might need in the future. If you choose an accountancy firm that doesn’t have the expertise to help you as your business expands, you will end up needing to finding another accountant.

  • Create a shortlist - Create a shortlist of three or four firms you
    think are a good fit and arrange face-to-face meetings with all of
    them. In addition to the fees, you need to find out about the
    services they provide, as well as their customer services.

  • Fees - Some Accountants charge by the hour while others operate on a fixed-fee basis. You need to be clear before selecting an Accountant for your business on how their fees are calculated.

  • Qualifications - It is important to ask questions about the
    qualifications and experience of the people who would be dealing with your accounts. You need to know that you could work with them, trust that they are on your side and are continually looking for ways of
    adding financial value to your company.

  • Accounting software - You will want to check that any systems you use are familiar to the accounting firm. Your current method of financial reporting may not be the most effective one for your business and they may recommend systems that can do it better.

  • Financial jargon - If you are not an expert on finance, your Accountant needs to understand this and be able to communicate with you in a clear and concise manner.

You can be confident that any of the Accountants listed on Bark will be a safe pair of hands for your finances.

Before you choose an Accountant, you could ask to see examples of their work, read testimonials and ask to see references of past work they have done.

The AAT (Association of Accounting Technicians) qualification is the minimum level of qualification required for most kinds of accountancy. To become a chartered accountant, you need to obtain higher level qualifications such as the ACA, ACCA or CIMA, which will allow you to become a chartered accountant.

You could also look at their profile page on Bark and view reviews from past customers as well as examples of work that they have completed. This might also help you get some ideas for the types of services you need.

Accountants offer a range of different services. These include:

  • Accounting - All accountancy firms produce financial records, track your revenues and expenses and provide consulting on your business's overall financial health.

  • Auditing - Many businesses require a periodic audit of their finances which may be a requirement of your investors or written into the bylaws of your incorporation.

  • Tax Filing and Planning - Many accounting firms can ensure your financial reporting practices are compliant with current regulations, determine your company's tax liability and make sure you meet filing requirements and deadlines.

  • Management Consulting - Many accounting firms offer business advisory services to help you with your business plan, evaluate your current operations, identify new opportunities, alert you to changes in the business or regulatory environment and offer practical advice to help your business be more efficient and successful.

  • Speciality Services - Some offer services such as business valuation which helps determine what your business is worth should you be considering a merger, acquisition or sale. Some firms can offer fraud and forensic accounting services.

Reviews

5.00/5.00

based on 25 reviews

The average rating for Bark Accountants in Anaheim is 5.00, based on 25 reviews.

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