Professional firms, startups & multi-entity businesses
Accounting & tax services for professional firms and startups
Law firms, agencies, consultants, startups and multi-entity businesses need clean books, smart owner tax planning and reporting that supports growth. CPA Torrance is a CPA-led firm in Torrance that serves professional businesses across Los Angeles and all 50 states.
- Professional services and startups
- Multi-entity and multi-state support
- High-income owner planning
In short
What accounting do professional service firms need?
Professional firms need accurate billing and receivables, project or client profitability, payroll and contractor compliance, and owner tax planning for partners or shareholders. Growing firms also need budgets and cash forecasts. CPA Torrance provides bookkeeping, tax and fractional CFO support for these firms in one team.
- Who we serve
- Firms, startups, multi-entity owners
- Core work
- Books, owner tax, CFO reporting
- Where
- Los Angeles and nationwide
Common challenges
Where professional firms lose money
Firms that sell time and expertise often grow faster than their financial systems.
Receivables nobody chases
Without monthly reporting, slow-paying clients quietly drain cash and profit.
Unclear client profitability
Most firms do not know which clients or projects actually make money after labor costs.
Multi-entity complexity
Owners with several companies or states often have intercompany transactions and filings that nobody reconciles.
What we fix first
We connect billing, payroll and banking into one monthly close, then add client profitability and owner pay planning.
- 01Billing and receivables reconciled
- 02Client and project profitability
- 03Partner and owner pay planned
How we help
Services for professional firms and startups
One team for the books, returns and planning.
Bookkeeping Services
Monthly bookkeeping with billing, receivables, payroll and contractor payments reconciled, plus intercompany entries for multi-entity owners.
02Tax Planning & Strategy
Entity structure, partner and shareholder pay, retirement plans, PTET elections and multi-state planning for high-income owners.
03Tax Filing & Compliance
Federal and state returns for partnerships, S corporations and C corporations, 1099 reporting and state nexus filings.
04Fractional CFO Services
Budgets, cash forecasts, client profitability, investor reporting for startups and board-ready financial packages.
Who we serve
Firms and businesses we work with
FAQ
Professional firm accounting questions
Not covered here? A 15-minute call gets you a straight answer for your situation.
Do you work with law firms?
Yes. We handle law firm bookkeeping, billing and receivables reporting, partner compensation support and tax returns, and help keep operating books separate from client trust accounts.
Can you help startups with investor reporting?
Yes. We keep investor-ready books, track burn and runway, build forecasts and prepare monthly or quarterly investor updates.
What if I own several businesses?
We keep each entity in its own books, record intercompany transactions, consolidate reporting when helpful and plan taxes across all of them.
Do you handle multi-state filings?
Yes. We review where you have nexus for income and sales tax and file in the states where you owe.
How do I get started?
Book a 15-minute call or request a free financial assessment.
Other industries we serve
Turn your firm numbers into decisions.
Book a 15-minute call to review your books, tax plan and reporting.