Tax Preparation

Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional. Dedicated to keeping our tax preparation skills enhanced with continuing education courses throughout the year, we are here to help you with the following:

  • Your tax return will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
  • Your tax return can be filed electronically so you will get a refund back quicker.
  • Our staff will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months.
  • We will show you potential deductions to limit your tax liability for next year. In addition, we will give you a sheet of commonly overlooked deductions to limit the following year’s tax liability.
Tax Planning

Planning is the key to successfully and legally minimize your tax liability. Our goal is to make the preparation process as easy as possible. We recommend tax saving strategies to maximize after-tax income for businesses and individuals to ensure you will pay the lowest amount of taxes allowable. We help with the following:

  • Grow and preserve assets by keeping Uncle Sam out of your bank account.
  • Defer income so you can keep your money now and pay less taxes later.
  • Reduce taxes on your income so you keep more of what you make.
  • Reduce taxes on your estate so your family keeps more of what you’ve made.
  • Reduce taxes on your gifts so you can give more.
  • Reduce taxes on your investments so you can grow your wealth faster.
  • Reduce taxes on your retirement distributions so you can retire in style.
  • Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
  • Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
  • Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
  • Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
  • Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.
Tax Problem

Are you having problems with the IRS?

We are here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discreet. IRS problems will not just go away by themselves; they just keep getting worse with penalties and interest being added each day. We are here to help you with:

  • IRS Audit Notification
  • Non-Filed Tax Returns
  • Back Taxes
  • Payroll Tax Problems
  • Liens
  • Bank Levies
  • Wage Garnishment
  • IRS Seizures
  • IRS Payment Plan
  • Offer in Compromise
  • Innocent Spouse
  • Get Your IRS File

.Resolve your tax problem with the peace of mind that you are in good hands.  Please call our office at 818-244-9793

Small Business Accounting

Small business Accounting Made Easy

Let CTG Accounting & Tax Service Inc. do your monthly bookkeeping at a fraction of the cost of a full-time employee.

As a small business owner you have more important things to do than to keep your own books. CTG Accounting and Tax Service, Inc has the expertise to help you to take care of your books for you. Through prompt and timely service, along with an intimate knowledge of the rules and regulations, we can keep you ahead of government deadlines, maintain order in your internal financial systems, and reduce the headaches that come with owning a business. Each month or quarter we’ll do the following things for you…


Bank Reconciliation

  •  Having issues with reconciling your business checking account? Allow us to do the following:Identify lost checks, lost deposits and unauthorized wire transactions.
  • Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
  • Detect and prevent embezzlement of funds from within your company.
  • Know how your business is doing? You can’t really know unless all accounts are reconciled and properly accounted for on your financial statement.
  • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
  • Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
  • Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.


Income Statement

 An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

  • If you’re having issues preparing your financial statements, allow us to….Track revenues and expenses so that you can determine the operating performance of your business.
  • Determine what areas of your business are over-budget or under-budget.
  • Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
  • Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
  • Determine your income tax liability.


Balance Sheet

A balance sheet gives you a snapshot of your business’s financial condition at a specific moment in time. We can help you with…

  • quickly getting a handle on the financial strength and capabilities of your business
  • identifying and analyzing trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively
  • determining if your business is in a position to expand
  • determining if your business can easily handle the normal financial ebbs and flows of revenues and expenses
  • determining if you need to take immediate steps to bolster cash reserves
  • determining if your business has been slowing down payables to forestall an inevitable cash shortage


Maintaining a Clean General Ledger

 Based on experience, we perform vital accounting functions, such as accounts payable/receivable, general ledger accounting, financial statement preparation and financial analysis.

The general ledger is the core of your company’s financial records. These records constitute the central “books” of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books. Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we’ll fix the discrepancies so your books are always accurate and kept in tip top shape.


Provide Unlimited Consultations

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.

When you retain our services, we make it a priority to learn your goals and operations quickly so we can hit the ground running.  Based on experience, we can easily identify opportunities for more effective tax planning, improved internal controls, and other areas that will make your business more profitable.


Managing payroll may not seem like a critical task until something goes wrong.  There seems to be an endless amount of special reports Government agencies require. Laws and the IRS have made payroll functions a time-consuming issue for small business owners. More importantly, it requires a good knowledge of the tax laws and deposit rules.

We assist in all areas of payroll and can provide full-service payroll duties upon request.  Your only responsibility is to obtain and provide employee data, such as the hours worked and other related information.  Upon receipt of your data, we’ll take it from there to offer a wide range of services.

  • We can simplify the payroll process with a wide range of services for you. With our comprehensive Payroll Service you get…Checks or Direct Deposit for Your Employees
  • Payroll Reports
  • Quarterly Tax Forms
  • Year-End Tax Forms
  • Tax Deposit Services
  • W-2 and W-3 processing
  • 1099 and 1096 processing
  • Worker’s Compensation Audits
  • Unemployment Claims
  • Social Security Audits

We offer payroll solutions that meet your business’s needs and enable you to spend time doing what you do best–running your company.

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