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Thrive Tax & Advisory, LLC profile image
T

Thrive Tax & Advisory, LLC

Los Angeles

‘20 Certificate of Excellence

With 20 years of experience in the tax and accounting fields, Thrive Tax & Advisory LLC (located in West Covina, CA), is a CPA firm providing full-service tax, accounting, and business consultation services. Our certified public accounting firm addresses client requirements, domestically and virtually. We do this by minimizing risk exposure, examining cost-cutting strategies, optimizing client resources, and revealing growth channels. In this way, we able to find optimal solutions for our clients. All of these serve to maximize tax benefits that meet our clients’ financial goals. Thrive Tax & Advisory strives to dedicate a high standard of excellence and professionalism to assist our clients in maintaining financial viability today, while taking a proactive approach to achieving future objectives. Our goal is to establish a meaningful long-term client relationship by providing as many, or as few, services deemed necessary. In this way, we can help our clients maximize their profits and tax benefits which ultimately meet their objectives

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What kind of accounting services do you provide?

Some of the services that Thrive Tax & Advisory offer includes:
Tax services (planning, projection & preparation) for business, individual, estate, trust, non-profit, and exempt organization; bookkeeping; initial business set up including business formation and consultation; Federal, state, and local tax audit representation; back and amended tax returns filing; accounting system set up including Quickbooks accounting assistance; tax, accounting and business consultation; financial statement preparation; cash flow management & budgeting analysis, financial planning strategies, sales tax compliance, payroll services and filing, etc.

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

Financial integrity is everything when you have a business, whether you're just starting out or you've been operating for years. When business owners decide not to hire an accountant, they are usually motivated by the savings they think they will achieve. However, a great accountant can be one of the most worthwhile investments and the most effective ways to handle the financial matter in the business. And in the end, it can actually end up saving the company money, as the business owners will be able to focus on what they do best, which is networking and growing the company.

What do you love most about your job?

Together We Thrive is a motto of our company, Thrive Tax & Advisory, LLC. We love to establish a meaningful long-term working relationship with our client by providing as many, or as few, services deemed necessary. In this way, we can assist our clients in maximizing their profits and tax benefits which ultimately meet their financial objectives and grow their business. We love to provide our clients with the optimal solutions by making a strategic recommendation based on our client's financial situation, which at the end, will help our client in solving their financial challenges within their business or personal life. We find our inspiration from the possibility of growth and success that we see in our clients.

What inspired you to start your own business?

Knowing that we will make a difference in someone's life as we will influence clients' lives and finances, inspires us to start our business. Our clients are not just numbers, but they are people who have families and desire to succeed financially. After 20 years of experience in public CPA firms, we realize that most CPA firms are missing the big pictures, they are missing the personalized touch with their clients. Most of them are competing to get the most number of clients, in other words, they operate based on "quantity over quality." As a result, some clients will suffer, mistakes happen, and professionalism disappears. Our company strives on making a difference in our clients' lives, financially and personally. There is such a wonderful feeling and such an inspiration to see our clients growth and success in achieving their goal, by helping them to maximize their profit and tax benefits and more efficient use of their resources.

Why should our clients choose you?

Why should you choose Thrive Tax & Advisory?

1. With 20 years of experience, our CPA credential could deliver full range of accounting and tax services various industry backgrounds, including but not limited to manufacturing, retail stores (including online stores), website designer, software developers, engineers, entertainment business (including actors/actresses/performers/models), medical offices, legal offices, rental property, property developers, education, non-profit & exempt organizations, trust, and many more.

2. Our CPA firm has the bench strength and expertise to assist your company through all the phases of your business lifecycle.

3. At Thrive Tax & Advisory, we believe in being more than just accountants. We strive to be your trusted advisor. We operate our business with "quality over quantity," to ensure check and balance for every service that we provided to our clients. We determine not to accept more accounts that we can handle. When you decide to engage with our firm, you will be provided with caring and professional interaction and communication style of the people performing the services.

4. When a client tells us he or she is simply "not a numbers person," we know that it is our job to translate complex financial matters in a manner that a non-financial person can easily understand. We are able to maintain a firm understanding of the details, while clearly outlining the big picture.

5. Thrive Tax & Advisory will deliver personalized service to our clients with the core values of collaboration, integrity, professionalism, and customized services.

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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

4.90/5.00

based on 1,051 reviews

The average rating for Bark Accountants in Los Angeles is 4.90, based on 1,051 reviews.

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