Old Torrance · Downtown Torrance
CPA & bookkeeping services in Old Torrance
Old Torrance is the original downtown, with independent shops, restaurants and offices along El Prado, Sartori Avenue and Cabrillo Avenue. CPA Torrance gives downtown Torrance business owners a CPA-led team for bookkeeping, tax preparation and planning, a short drive from our S Western Ave office.
- Local to downtown Torrance
- Retail and restaurant bookkeeping
- Tax preparation by CPAs
In short
What accounting help do Old Torrance small businesses need most?
Most Old Torrance businesses are owner-run shops, restaurants and professional offices. They need accurate monthly books, sales tax handled correctly, payroll that includes tips and part-time staff, and a CPA who plans their taxes before year end. CPA Torrance covers all of that from one team based in Torrance.
- Main streets
- El Prado, Sartori, Cabrillo
- Typical clients
- Shops, cafes, offices
- City license
- Torrance business license
- Distance to our office
- About 10 minutes
Services in Old Torrance
Accounting for downtown Torrance businesses
Independent retailers, restaurants, salons and small professional offices make up most of Old Torrance. We keep their books current and their taxes planned so owners can focus on customers.
Bookkeeping Services
- Sales and use tax tracking
- Monthly profit and loss and balance sheet
- Receipt capture and document portal
- Monthly bookkeeping in QuickBooks Online
- Accounts payable and receivable tracking
Tax Planning & Strategy
- Year-end tax planning meeting
- Multi-state income review
- California PTET analysis
- Quarterly estimated tax payments
- Depreciation and equipment timing
Tax Preparation & Filing
- Federal business returns (1120, 1120S, 1065)
- Owner individual returns
- City business license support
- 1099 filing for contractors
- Extension and estimate management
Fractional CFO Services
- Bank and SBA loan packages
- Hiring and expansion planning
- Break-even and scenario models
- 13-week cash-flow forecasts
- Margin and pricing analysis
Old Torrance tax planning
Planning for Old Torrance owners
Small downtown businesses often run on thin margins, so every tax dollar matters. We look at your entity, payroll and timing each quarter to find savings.
Book a 15-min callSales tax done right
Retailers and restaurants collect sales tax on most sales. We reconcile what you collected against what you file with the CDTFA every period.
Tips and payroll
Restaurants and salons need tips reported correctly. We review payroll so tip credits and wage reports line up.
Lease and buildout costs
Opening or remodeling downtown? We plan depreciation on improvements so you get the deductions you are owed.
Who we work with
Old Torrance businesses we work with
We work with the independent businesses that give downtown Torrance its character.
Restaurants and cafes
Daily sales, tips, food costs and sales tax kept in order.
Retail shops
Inventory, point-of-sale reconciliation and sales tax.
Salons and studios
Booth rent, product sales and contractor payments tracked.
Professional offices
Billing, receivables and owner pay for small firms.
Galleries and makers
Artists, framers and small makers with online and in-store sales.
Fitness and dance studios
Class packages, memberships and instructor pay.
Why Old Torrance businesses choose CPA Torrance
Areas we cover
Serving all of Old Torrance
We serve Old Torrance from El Prado and Sartori Avenue to Cabrillo Avenue and Torrance Boulevard, plus nearby Pueblo, Hickory Park and the blocks around Torrance Memorial Medical Center.
FAQ
Old Torrance business questions
Not covered here? A 15-minute call gets you a straight answer for your situation.
Do you work with restaurants in Old Torrance?
Yes. We handle restaurant bookkeeping including daily sales reconciliation, tip reporting, food cost tracking and sales tax returns, plus year-round tax planning for the owners.
Can you meet in person near downtown Torrance?
Yes. Our office at 20100 S Western Ave is about ten minutes from Old Torrance, and we can also meet by video whenever it suits you.
How do I handle sales tax for my downtown shop?
You collect California sales tax plus local district tax on most sales and file returns with the CDTFA. We reconcile your point-of-sale reports to your books and prepare the returns so the numbers match.
What does monthly bookkeeping cost for a small shop?
It depends on transaction volume and payroll. Most small downtown businesses pay a fixed monthly fee, and a free assessment gives you an exact price.
Can you help me open a new business in Old Torrance?
Yes. We help with entity setup, the Torrance business license, payroll registration, a chart of accounts and a QuickBooks setup that works from day one.
Do you help with Torrance business license renewals?
Yes. We pull the gross receipts figure from your books, complete the renewal and track the due date each year.
Can you help with a lease or buildout decision downtown?
Yes. We model the rent, buildout cost and expected sales so you can see whether a new or larger space pays off before you sign.
Nearby areas we serve
Get your downtown business books in order.
Book a 15-minute call with a Torrance CPA.