Tax & Accounting Services

By Ruslan Magidov, CPA (323) 447 0814

Ruslan Magidov CPA  is a highly reliable, knowledgeable, and professional accountant that offers a full range of services to individual and business clients. Because his accounting practice is local, clients benefit by getting personalized, quality service. Listed below are some of the services offered by Ruslan Magidov CPA to his clients along with a brief description of each.

Tax Services Ruslan prefers to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, he is in a position to identify key tax planning opportunities that minimize both current and future tax liabilities. Ruslan provides his individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. His services incorporate all of the following:

  • Individuals
  • Corporations
  • Partnerships
  • LLCs/LLPs
  • Estates, trusts & gift
  • Not-for-profit organizations
  • Divorce and support issues
  • Tax effects of buying/selling a business

Tax Preparation Ruslan’s significant investment in computerized tax preparation, planning and research software enables him to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.

 

Tax Planning Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use his experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.

IRS Representation Utilizing over 11 years of experience dealing with many taxing authorities, Ruslan has achieved a level of competence that can ensure his clients they are being properly represented before the various federal and state tax agencies.

Estate & Trust Tax Preparation Effective estate and gift planning facilitates the orderly transfer of assets to beneficiaries, provides security for a surviving spouse, and can reduce or eliminate the tax due on the transfer of business and other assets. Providing for business continuity and succession of ownership is essential to business owners. Ruslan can guide you through the complex process of getting your financial affairs in order

Accounting Services Providing financial information to his clients in a timely and accurate manner is a commitment that Ruslan feels cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Ruslan provides a full range of cost effective accounting services.

Financial Statements Ruslan can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.

  • Corporations
  • Partnerships
  • LLCs/LLPs
  • Estates, trusts & gift
  • Not-for-profit organizations
  • Divorce and support issues
  • Tax effects of buying/selling a business

Business Valuations Whether you are involved in a business litigation, a divorce or just thinking of buying a new business, the amount attached to the value of the business is important. Ruslan can provide useful and objective analysis to assist you in the valuation of any business or professional practice. Considering the relevant facts, subjecting them to analysis and judgment, aligning them according to their importance, and developing a reasonable and supportable conclusion of value for use in marital dissolutions, shareholder disputes and taxable transactions is a major factor in the results.

Economic Damage Analysis Calculating the past and future damages arising from any type of tort involves applying the estimate of earnings that were lost using the concept of the time value of money. Evidence is gathered to determine net profits as well as recoverable costs applying methods acceptable by the client.

Fraud Prevention & Detection With his expertise in internal controls and financial audits, Ruslan can proactively help prevent fraud occurrences by implementation of efficient and effective changes. Investigation of fraudulent activities can result in recovery or prevention of major losses and determine the extent of illegal accounting practices.

Audits, Reviews and Compilations Ruslan views his role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. He provides financial reporting on all three levels of assurance:

*Audit- an intensive examination with the highest level of assurance

*Review – some analytical procedures conducted with limited assurance

*Compilation – based upon client information provided

Business Management Service Ruslan provides full service day to day responsibility for all business and personal transactions. Complete tax, accounting and management services for individual or corporate entrepreneurs and professionals.

Bookkeeping/Write-Up Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. He can assist you with the day-to-day tasks associated with bookkeeping.

Consulting Services Ruslan can help your business identify areas affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, he provides comprehensive, flexible strategies that address the issues affecting your business.

Management Advisory Services Even the most qualified managers can benefit from competent, objective feedback. He can help your company’s management team develop long-term objectives and specific strategies to facilitate your business’ future growth and success.

Business Consulting Ruslan gauge his worth by the personal and business successes of his clients. He can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, he can provide comprehensive, flexible strategies that address the issues affecting your business.

Financial Forecasts & Projections Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, he can assist you in achieving your company’s financial goals.

Business Succession Planning Choosing the form of entity for your business (e.g. “S” corporation, sole proprietor, limited liability company) is a crucial decision that can have longstanding tax implications, positive or negative. He can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.

Buying & Selling a Business Structuring the tax and accounting details of a transaction properly is a critical step in the process of buying or selling. He has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.

Cash Flow & Budgeting Analysis A business can be profitable and still run into trouble due to cash flow issues. Ruslan can forecast and evaluate your company’s financial condition, estimate financing requirements, and track cash-flow.

Forensic Accounting Applying accounting principles, theories, and disciplines to actual or hypothetical facts at issue in a legal dispute and using any branch of accounting to the purpose of the law. Ruslan uses accounting and auditing skills to provide an analysis of financial records in conjunction with knowledge of marital dissolutions, support issues, spending patterns, tracing issues, business and family dispute resolutions, as well as fraud and theft investigation. His expertise and the use of available methods can determine the amount of income or the value of a business as well as the extent of financial loss or damages.

Litigation Support Litigation support involves assisting the attorney or a client as a consultant. Ruslan deals with auditing, accounting, tax, financial or economic matters pursuant to existing or pending family law and business litigation, using accounting and auditing techniques. Ruslan has experienced and competency to  analyze and compile information efficiently to assist in the calculation and documentation of support, division of separate or community property as well as any real or potential economic loss or damage.

Other Services Due to his diverse client base, Ruslan encounters a wide array of financial and tax issues. As a result, he has gained valuable experience over the years in numerous specialized areas. Ruslan feels his ability to provide such a variety of services reflects his versatility and competency, as well as his dedication to quality client service.

RUSLAN MAGIDOV, CPA

7270 Hillside Avenue, Suite 101

Los Angeles, CA 90046

(323) 447 0814

email: rmaicpa@hotmail.com