Our Services

Accounting Services for Businesses

For your business to operate at its highest level of efficiency, a solid and reliable accounting firm is a critical part of the team. At Joseph Chen & Zhu, LLP we take this role very seriously. With countless collective years of experience and a diverse variety of business backgrounds, our accounting staff brings a unique blend of experience to the intricacies of accounting and bookkeeping. This acute understanding allows our staff to provide first-class professional accounting services for Irvine and Orange County businesses, regardless of their size.

Business Accounting Services Offered at Joseph Chen & Zhu, LLP:

Accounting Services for Individuals

At Joseph Chen & Zhu, LLP we work hard to take the stress out of personal accounting and, particularly during tax season. We strive to create a stress-free process for individuals filing in Irvine and throughout the Orange County area. Our professional accountants are well trained in assessing and handling accounting services on a personal/individual level. Joseph Chen & Zhu, LLP consistent, proactive approach has helped keep our clients financial lives simple and healthy, year after year.

Personal Accounting Services Offered at Joseph Chen & Zhu, LLP:

Thorough and well-organized financial records are a key element of the success of any business practice. Our firm understands that effective daily business operations rely on detailed bookkeeping. Meticulous bookkeeping services are thus an important component of the comprehensive accounting services Joseph Chen & Zhu, LLP offers its clients.

Our firm has helped keep the financial records in order for businesses and practices of all sizes, allowing them to flourish. With the assistance of our bookkeeping services, clients have the freedom to focus on other important areas of their business instead of having to invest vast segments of time in keeping track of their general ledgers.

Our in-house bookkeepers are QuickBooks certified and can record a business transactions, including methodical posting of debits and credits. Bookkeeping transactions typically include purchases, sales, receipts, and payments in the daily course of doing business. Our accounting clerks will provide accurate reporting of all transactions, using the most efficient formats and intervals for your business or practice.

Our bookkeeping rates are reasonable and practical, making our services affordable for business owners in the Irvine, CA, area and throughout Orange County.

Bookkeeping Services offered at Joseph Chen & Zhu, LLP:

Tax

The tax environment is ever-changing. Our experts stay abreast of strategies to minimize tax liabilities and keep clients informed of compliance issues and opportunities. Whether you are a small business, high net-worth individual, or large multi-state entity, we will provide you with leading edge tax expertise and strategies to maximize your bottom line.

U.S income tax laws are infamous for their complexity at both the federal and state levels. Joseph Chen & Zhu, LLP specializes in tax preparation and filing, and our firm has helped countless clients in the Orange County community. We work to take the stress and complexity out of tax season for our clients. Our tax accountants simplify the process as much as possible and direct you on what needs to be done each step of the way.

Tax Preparation & Filing

At Joseph Chen & Zhu, LLP our top priority is to save our clients time and money. Operating a business takes up a significant portion of the lives of business owners, and our goal is to help make the business tax filing process as efficient and effective as possible. Our business tax preparation and filing services include:

Audit

The increasingly rapid pace of change in today's business environment demands highly experienced auditing services, now more than ever. We provide effective and well-planned audits that help you improve financial performance, identify and address any weaknesses in your organization and meet your financial reporting requirements. In the financial reporting process, our role is to provide practical solutions to maximize your company's profitability and efficiency. We provide financial reporting solutions on all three levels of assurance:

Audit - an all-encompassing analysis to provide the highest level of assurance.

Review - Utilization of systematic strategies in testing reliability of financial data and limited assurance

Compilation - an in depth professional assessment of information provided by the client used mainly for internal management decision-making.

Our practice is to build audit plans with the close cooperation of our clients. We never impose cookie-cutter audit plans on our customers, but rather work out each engagement's unique features. We understand that the customer has the greatest knowledge about their company and industry, and incorporating this input into the plan is key to streamlining the process.

The audit plans that Joseph Chen & Zhu, LLP develops have several steps. First, we understand the business, its controls and flow of information. We identify material locations, significant accounts, transactions and processes. We then assess the financial reporting risk. Finally, we create a complete strategic audit plan in which we specify the information we will need to execute the audit. This up-front planning is invaluable, because it gives the client an opportunity to evaluate the plan and understand the information that must be provided in the course of the audit.

Among the special areas we address are inventory costing and the effects of different inventory valuation methods on particular product segments; related parties; providing analysis under different scenarios or "what if" modeling, to help business executives with a full range of strategic and tactical decisions. We evaluate transactions for completeness, accuracy, cutoff and classification.

Careful audit planning is required to create and successfully execute a schedule of critical dates and a computer template for data collection. We work closely with our clients to establish all the key calendar dates, such as the start of fieldwork, interim testing, inventory observation, confirmation of accounts payable and accounts receivable, legal matters, presentation and exit. Clients find it very reassuring to know the schedule in advance and for the audit team to effectively set the expectations. Our goal is to provide the financial statements as expeditiously as possible after completion of the audit.