We assist small business owners by preparing valuation-related analyses for planning and advisory purposes. These services may be used in connection with business purchases or sales, buy-sell planning, and insurance-related needs, and are intended to support informed decision-making rather than provide formal valuation opinions.
We specialize in federal and state tax return preparation for small businesses, including C-Corporations, S-Corporations, LLCs, Partnerships, and Sole Proprietors. With extensive experience serving both service and manufacturing companies, we deliver accurate, compliant, and tax-efficient filings.
We provide comprehensive tax planning and forecasting services for individuals and small businesses. Successful tax minimization starts with thoughtful long-term planning and is supported by regular tax projections and mid-year reviews. This proactive approach allows our clients to make informed decisions and stay ahead of their tax responsibilities.
With over 40 years of experience in accounting and tax services, we provide professional representation before the IRS and state tax agencies. If your tax return has been selected for audit, it is important not to face the process alone. Tax agencies are highly experienced and conduct audits according to complex rules and procedures that can be difficult for taxpayers to navigate without guidance.
Proper representation helps protect your rights, ensures accurate communication with tax authorities, and reduces the risk of unnecessary penalties or adverse outcomes. Our firm has the experience and skills necessary to respond to audit inquiries, resolve disputes, and negotiate with tax agencies to achieve fair and reasonable results.
If you are facing an audit or have received correspondence from the IRS or a state tax agency, we encourage you to contact us promptly for professional assistance.
Individual income tax preparation is a core specialty of our firm. We have extensive experience preparing and filing thousands of federal and state income tax returns for individual taxpayers. Our services are delivered with precision, compliance, and careful attention to each client’s unique tax situation.
We provide comprehensive financial statement preparation services for small businesses for internal and management use. On a monthly, quarterly, or year-end basis, we prepare clear and accurate balance sheets and detailed operating statements and assist clients in understanding the results. Our advanced accounting software enables meaningful comparisons and financial insights to support informed business decisions.
Comprehensive payroll services for small business clients have been provided by our firm for many years. Our services include payroll setup and record maintenance, timecard processing, calculation and withholding of payroll taxes and benefit contributions, preparation and filing of required federal and state payroll tax returns, issuance of payroll checks, and preparation of all Forms W-2 and 1099.
Timely and efficient bookkeeping services are available for businesses of all sizes. Computerized accounting records are prepared, maintained, and presented for client review on a monthly, quarterly, and/or annual basis. Budgeting and forecasting support services are also available to assist with financial planning and decision-making.
626-572-4843 Fax: 626-226-5000 info@honghlee.com
1309 E Las Tunas Dr, San Gabriel, CA 91776
This Web site is made available as a service to our clients and others for informational purposes only. These materials and information should not be considered as, or a substitute for, accounting, tax or financial advice. While it is hoped the materials provided here are helpful as background material, it is not warranted either expressly or implied as accurate or complete. You should refrain in taking any action based upon the information provided here until you have received proper counsel.