Resources

FAQ

Starting a Small Business?

Here at Bharmal & Associates, we strive to help you succeed. We specialize in working with small businesses to ensure that we provide you with the best possible tax and bookkeeping services for what you are paying. We are very detail oriented and will do all that we can to be certain that you are receiving your maximum tax return, and we will help to show you all of the tax deductions that you can benefit from as a budding small business while keeping you in compliance with State and Federal Regulations.

Steps for starting a Small Business

Click to view our checklist to find out which tasks you still need to complete.

I am starting a small business in:

Our clients are spread across the state and in various parts of the country. In Southern California, the following are a sample of cities within Orange County, Los Angeles, San Diego and the Inland Empire that we are proud to service:

• Anaheim
• Costa Mesa
• Huntington Beach
• Irvine
• Laguna Beach
• Laguna Hills
• Newport Beach
• Orange
• Tustin
• Yorba Linda
• Beverly Hills
• Burbank
• Glendale
• Long Beach
• Ranchos Palos Verdes
• Santa Monica
• Torrance
• Valencia

There are a series of questions you should ask yourself in order to determine if its necessary for you to file your taxes. Follow the link below for a detailed walk through.
Filing a Federal Income Tax Return

For a summary of any tax changes for the current year, visit the What’s New section for the following:

• Form 1040 Instructions
• Form 1040A Instructions
• Form 1040EZ Instructions
• Visit the IRS site for Publication 17

The IRS provides the option for individuals who cannot pay their taxes to pay in installments for up to five years. At Bharmal & Associates, we will gladly prepare and file the necessary request forms for those who have chosen this option.

Typically, it takes about 4-6 weeks to process a tax refund. You may check the status of your refund online (link listed below). If you haven’t received your refund in this time period, the IRS has a toll free number to handle your refund inquires. You should have your social security number, filing status, and the dollar amount of your expected refund available.

Federal Refund Status

California Refund Status

IRS Toll Free: (800) 829-4477

California State Refund Inquiry: (800) 852-5711

The IRS suggests 3 years from the due date of your return. We suggest that you may discard cancelled checks, receipts, bills and credit card statements after 3 years. However, we suggest your tax returns, W-2 forms, and 1099s forms from banks and mutual funds or brokerage firms should be made part of your permanent records. This is to insure you have this information available in the event they are needed for an unrelated court proceeding.

Yes! In fact, we have created a knowledge base which highlights ongoing information we provide to all our clients. We encourage you to check out the knowledge base here.