Who We Help
CPA Services for Closely Held Businesses
Closely held businesses need accounting, payroll, tax and owner-level planning to work together. James S. Wang, CPA supports small businesses and professional service firms with a coordinated relationship built around their actual operations.
Support Across the Business Life Cycle
Services are tailored to the entity, owners, employees, operating states, accounting systems and stage of the business.
Recurring Needs
- Payroll processing and employer tax compliance
- Bookkeeping, monthly close and financial reporting
- S corporation, partnership, C corporation and owner tax returns
- Sales tax, Forms 1099 and local compliance when included
- Quarterly estimates and year-end tax planning
Changes & Transactions
- Entity formation, elections and ownership changes
- Accounting-system setup and workflow improvement
- Adding employees, states or new lines of business
- Equipment, financing and real estate decisions
- Business acquisition, sale or succession tax analysis
Why Coordination Matters
Payroll affects the general ledger and owner compensation. Bookkeeping affects the business return. The business return affects the owners’ individual returns and estimated taxes. Treating each item as a separate annual project often creates duplicated work and missed planning opportunities.
A coordinated CPA relationship creates one financial and tax picture across the company and its owners. The scope can begin with a specific need—such as payroll or tax preparation—and expand as the business requires more current reporting and guidance.
The firm serves a range of closely held businesses, including professional service firms, consultants, healthcare practices, real estate businesses and other owner-operated companies. Industry-specific legal or regulatory matters are coordinated with the appropriate specialist.
Common Business Structures
- S corporations and shareholder-employees
- Partnerships and multi-member LLCs
- C corporations and startups
- Sole proprietors and single-member LLCs
- Family-owned and owner-operated businesses
Starting the Relationship
1. Business map. We identify the entities, owners, employees, states, systems and existing advisors.
2. Priority check. Immediate deadlines, bookkeeping condition, payroll status and open notices are addressed first.
3. Service design. Recurring and annual responsibilities are separated into a clear scope.
4. Planning calendar. Filing dates, payroll cycles, close dates and tax-planning checkpoints are coordinated.
Build One CPA Relationship Around the Business
Tell us the entity type, owners, employee count, states, accounting software, current providers and the services you need. We will confirm the best starting point.