Taxes

• Tax Planning
  Effectively reducing taxes requires extensive tax planning that considers all possible deductions and tax code changes. At Figueroa & Co, we work closely with small business owners and individuals to generate strategies that take advantage of today’s incentives and prepare for tomorrow’s tax challenges. Some accountants only connect with clients at tax time but we’ll stay in touch with you throughout the year to proactively manage your tax burden and get ideal results at tax time. When you become our client, we’ll faithfully pledge to make sure you never pay more than the law requires.
• Charitable Giving
• Estate Taxes
• IRS Representation
  Are you caught in the grip of IRS tax problems? Figueroa & Co has the solutions to help solve your tax problems and put them behind you for good. When you choose to work with our Pasadena, CA tax professionals, we’ll negotiate with the IRS directly on your behalf. From back taxes and IRS audit representation to tax liens, tax levies, and wage garnishment, we know how to come to a fair resolution with the IRS.
• Avoiding Probate
  Managing your assets if you become incapacitated. With a revocable living trust, you can stay in control of your assets while you’re able and avoid probate after your death. You can also arrange to have a successor trustee make investment decisions and handle other financial matters for your benefit if you’re no longer able to do so. This arrangement avoids the expense and complications of a court-ordered guardianship or conservatorship.
• Tax Services
  Customer reviews from people in the community are very helpful in keeping our accounting business booming. As a happy customer, your feedback about the quality of the accounting and tax services we provide is important to your neighbors who may be looking for a local Pasadena, CA accounting firm.
• Roth IRA
  Contributions to a Roth IRA are not tax deductible, but they can be withdrawn tax free at any time for any purpose. Earnings accumulate tax deferred and can be withdrawn tax free once your child reaches age 59 1/2 and has had a Roth IRA for at least five tax years. Tax-free withdrawals are also available after five years for first-time home buying expenses (to a maximum of $10,000) or on account of disability or death.
• Tax Deductions
  Personal bank and credit card accounts should always be kept separate from business accounts. Doing so makes it easier to identify all appropriate business expenses at tax time. That, in turn, simplifies things when it comes to claiming business tax deductions.
• Income Tax
  As long as your teen does not participate in an employer’s retirement plan, contributions to a traditional IRA will be fully tax deductible. (With plan participation, income limits may apply.) Any earnings that investments in the IRA make will grow tax deferred. Your child won’t have to pay any income taxes on the IRA funds until they are withdrawn from the IRA.
• Tax Return Preparation
  We offer our tax planning strategies and tax return preparation services to small businesses and individuals. From routine income tax returns to multi-state tax planning and corporate taxes for businesses, our tax reduction techniques are reliable, legal, and effective.
• Business Tax Return Preparation
  Our tax preparation specialists will skillfully prepare and file your business tax return. We deliver fast and accurate service at affordable rates.

Investment

• Investment Management
  The aim of our wealth management services is to take proactive steps that will align your finances to meet your personal objectives. To accomplish this, we'll meet with you to discuss your concerns and learn all we can about your financial aspirations and life goals. Then we'll start to build a comprehensive plan that will safeguard assets throughout your life and transfer wealth to your beneficiaries with minimal tax implications. This proposal may include succession planning, estate planning, and investment management. As your wealth grows and your circumstances change, we'll adjust this plan accordingly so you can always have the peace of mind of knowing that your family will be financially protected in the years to come.
• Mutual Funds
• Wealth Management
  Our Pasadena, CA accounting firm provides wealth management services for busy professionals, families with a large number of assets, and high net worth individuals. Call us at 626-793-4322 to schedule a free free consultation today.

Accounting

• Accounting Services
  Choosing a partner with uncompromising integrity to oversee your accounting functions is essential when running a small business. Discover why so many business owners in the Pasadena, CA area trust a accounting firm, that’s part of their community, Figueroa & Co. We have a stellar reputation for providing quality accounting services and money-saving tax strategies coupled with unparalleled customer support.
• Payroll Services
  Our outsourced payroll services make sense for small businesses. Most business owners aren’t cut out for interpreting complex payroll tax laws and mistakes on your payroll taxes can result in high penalties that can start multiplying before you even realize you made an error. These penalties can eat into your profits and cause unnecessary anxiety. When we handle your payroll, you will eliminate tax penalties and will be confident that your payroll taxes are accurate and paid on time.
• Cash Flow Analysis
• Bookkeeping Services
  Accurate accounting is critical to the continued success of small businesses in the construction industry, but trying to manage these functions can drain time and resources. Build a solid financial foundation for your business with construction accounting services from Figueroa & Co. Whether you're in commercial construction, are a residential contractor, or a local tradesman, we’ll provide you with the accounting and bookkeeping services your business requires to run smoothly.

Planning

• Financial Planning
  You don’t have to be fabulously wealthy to benefit from a trust. For many people, a trust is a great financial planning tool.
• Retirement Planning
  Figueroa & Co specializes in financial planning services to preserve wealth and protect assets. Our vast knowledge of financial services gives us the insight to help you make critical decisions that impact your future. We spend considerable time developing a thorough understanding of your personal financial goals, so we can coordinate a personalized plan that allows you to feel confident and well-prepared for the years to come. We analyze your assets, sources of retirement income, investment options, and consider various alternatives for retirement planning, in order to maximize the value of your estate.
• Asset Management
• Living Trusts
• Charitable Remainder Trusts
  Donating to charity. If you set up a charitable remainder trust (CRT), you receive an income stream from the donated assets for life or a set number of years. Then, at your death or when the trust term ends, the charity you have chosen will get the trust assets. If you set up a charitable lead trust (CLT), the charity you choose receives income from the assets for a period of time that you specify. After that period ends, the assets flow to your family as “remainder beneficiaries.” Both CRTs and CLTs offer potential income tax and estate tax advantages.
• Charitable Lead Trusts
• College Funding
• Asset Protection
  Protecting assets from creditors. When you set up a trust, you can generally include “spendthrift” provisions that prevent your beneficiaries from assigning their interest in the trust to creditors. Putting assets in trust for your child instead of giving them to your child outright may be a good way to provide asset protection in case of a future divorce or major lawsuit.