Tax Prep & Planning
While a computer software program may help find deductions, there’s no substitute for the quality of service and advice you’ll receive from an experienced tax professional.
Here are a few of the benefits you’ll reap when using our service:
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We’ll prepare all of the appropriate forms and record all figures and calculations accurately.
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We’ll make sure that you receive all of the deductions and credits to which you are entitled.
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We’ll file your return electronically to speed delivery of refunds.
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We’ll work with you to adjust your payroll withholding to make sure you send the right amount to each tax authority – no more, no less.
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We’ll show you how to adjust your finances to take advantage of tax benefits on future returns.
Are you a sole proprietor? Have you been so focused on your business that you haven’t paid close attention to your books? No worries! We'll tidy things up and prepare your Schedule C as part of your personal income tax return. Then we'll help you set up an easy system to keep your books current going forward.
Strategies
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Shifting income or expenses from one year to another when it can yield a lower tax rate
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Deferring or eliminating tax liability through use of tax-advantaged investment vehicles
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Tracking all expenses eligible for itemized deduction
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Taking advantage of tax credits
- Adjustment of payroll withholding
Splitting income among several family members or legal entities to take advantage of lower income tax brackets
Tax Resolution
Tax resolution services that we offer. Please contact us for further information.
1) Installment Payment Plan Arrangement
2) Currently Not Collectible Status Arrangement
3) Short-Term Payment Arrangement
4) Offer in Compromise (OIC) Arrangement
1) Income Taxes Due
2) Payroll Taxes Due
3) Property Taxes Due
4) Worker's Compensation Due
Advisory Services for Startups
We offer value added services that help you structure and manage your business to its best advantage. We help new businesses get off the ground and provide objective assessments of existing ones. We help you establish policies and procedures to protect vital assets and perform audits to ensure the integrity of your records. You reap the benefit of increased efficiency, control, and insight.
A Monument of James W. Marshall at Sutter’s Mill in Coloma, CA
We provide objective assessments of business interests by helping you identify and analyze the relevant factors that drive value. We examine:
The strength and stability of the customer base and the associated revenue stream
Prospects for growth given the available market and competitive positioning
The overall financial health of the business
Valuations for comparable entities
The results inform your decision making as you buy or sell business interests, forge partnerships, negotiate with third parties for debt or equity financing, navigate martial separation, or settle estates. Our professionals can serve as advisors during due diligence and provide expert testimony in legal proceedings.
Are you thinking of joining the ranks of small business owners? Along with a great idea and strong sense of the market you’ll serve, you’ll need a business and financial advisor who can help your dream take flight while keeping your feet firmly planted on the ground.
We can help you:
Develop or refine your business plan with the associated pro forma financial statements (Balance Sheet, Income Statement, Cash Flow) and budget
Select a business structure that suits your needs by considering tax advantages, legal exposure, ease of operation, and portability
Develop partnership agreements, as needed, to avoid financial and/or emotional trauma downstream
Prepare and file all required state and local licenses and permits.
Make application for your Federal Employer Identification Number.
Identify start-up capital needs and available resources to address them
Examine your borrowing power and provide coaching on how to cultivate a mutually beneficial banking relationship
Identify your business insurance needs
Select the right accounting software and establish the appropriate chart of accounts
Establish billing and collection procedures to maximize your cash flow
Establish procedures to monitor and control costs
Provide payroll and payroll tax filing when and if you hire employees
We’re eager to get your business off to a good start.
We help you establish appropriate internal controls to ensure proper handling of resources and guard against employee theft. Some best practices include:
Segregating duties across multiple individuals to minimize exposure to error and inappropriate behavior
Establishing lines of authority and the associated processes for transaction approval
Assigning responsibility for periodic review and reconciliation of financial records by someone who was not involved in executing transactions or preparing statements
Scheduling periodic manual counts of equipment, inventory, and other tangible property to ensure alignment with the accounting records
Documenting policies and procedures as guideposts for your employees’ day-to-day activities
Training employees on their respective job duties and establishing appropriate levels of ongoing supervision
Reviewing operations to ascertain whether results are consistent with established goals, objectives, and protocols
Overlooked 2018 Tax Trap
If you or your company owns 10% or more of a foreign entity, then the new 2018 tax act may possibly require you to pay tax in 2017. Please contact us for further information.
About Us
Since 1999, California Perfect Tax has provided quality minded, personalized tax services for individuals and businesses. Our expertise ranges from basic tax management to more in depth service for tax issues. By combining our expertise, experience and mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards and work ethic is the reason our client base returns year after year.
Our Team
David A. Widerman
Advisor
Graduated from Penn State University with Bachelor of Science degree in Accounting, 4.0 GPA. Passed a CPA exam right before graduation, and hired by Arthur Andersen New York Office as a Tax Senior. Moved to Ernst & Young as a Tax Manager specializing in Real Estate for five years. Kaiser Aluminum & Chemical Corporation offered an opportunity to move to California as a Manager of Taxation, splitting the time between Oakland, L.A., and Houston for the following 10 years. In 1999 December, he started his own CPA practice in Orange County to settle down to California.
In December, 2016, he moved from Newport Beach, Orange county to the S.F. Bay Area, Silicon Valley to focus on marketing to promising startups. In Orange County California, one of his most successful clients was a startup, where he worked as an interim CEO for ten years. This company was selected by Glassdoor as one of the best places in the nation to work for in 2019.
The firm expanded to Seattle, WA to meet clients' demands.
Mark R. Bewley
Quickbooks Pro Advisor
Mark has been working for financial statements for small businesses over 20 years.
Education: Graduated from California State University Los Angeles with Suma Cume Laude
Bachelor of Science - Business Administration
Work History:
Certified Public Accountant at Touche Ross & Company in Los Angeles, CA
Internal Auditor at Whittaker Corp. - Fortune 500 company in Los Angeles
Corporate Controller at Familian Corp in Van Nuys, CA
Owner and Managing Partner at Bewley & Company/Bewley, Argy & Company - A certified Public Accounting Company in Orange County, CA
Corporate Controller at Athey Investments, Inc. in Orange County, CA
California Perfect Tax (former Widerman & Associates - A Public Accounting Company) in Newport Beach, CA since 2015
Hobby: Fishing and golfing.
Makiko Goto-Widerman
Managing Director
PTIN P01617073
CAF 0314-85917R
Started working with David A. Widerman in December of 1999.
Graduated from University of Massachusetts Amherst.
Studying in a Taxation Master's Degree Program at Golden Gate University.
Industries Served
Associations • Attorneys • Consultants • Contractors • Dealerships • Dentists • eCommerce • Landlords • Physicians • Retail Stores • Restaurants • Schools • Social Service Agencies