Padgett Business Services 
Welcome to Padgett Business Services, an Orange County, CA based CPA firm primarily serving Newport Beach, Costa Mesa and Irvine. Padgett offers a broad range of services to small businesses, their owners, independent professionals and individuals. Our services include individual and small business tax preparation, tax planning, amended tax returns, small business accounting, bookkeeping, payroll services, part-time CFO services and new business start-up. We are small business experts and have been for over 40 years.
Tax Preparation 
Income tax preparation is one of our primary specialties. Every tax return is prepared by one of our experienced CPAs. Padgett's comprehensive information gathering and client interview are designed to capture every tax deduction to which you are entitled. Whether you are looking for individual tax returns, corporate tax returns, trust or estate tax returns or an amended tax return, Padgett can help.
Amended Tax Returns
Do you need to amend a prior year tax return due to a missed deduction, credit, or exemption? Padgett can help you correct past filing mistakes or omissions. In addition to making the needed correction we also review the entire return to ensure you receive the maximum refund or are paying the least amount of taxes necessary. We approach the preparation of an amended tax return with the same care and attention to detail that is afforded every tax return prepared by our CPAs. When you have the need for an amended tax return, contact Padgett Business Services.
Tax Planning
Padgett Business Services engages in proactive individual and small business tax planning throughout the year for our monthly clients and as requested by our annual clients. We go beyond tax compliance and recommend tax planning strategies developed by our CPAs to maximize after-tax income. Whether you want to capitalize on your available tax deductions or find tax-friendly ways to run your business, we can help reduce your tax liability.
Small Business Accounting
We offer an accounting service that includes preparation of a monthly profit and loss statement, regular contact with a CPA to discuss the financial health of your business, and tax planning suggestions throughout the year to avoid year-end surprises. The income statement that we prepare for your business is more than a calculation of your net income. It is the tool that we use to help interpret the financial health of your business, develop a tax strategy and determine the appropriate management advice. Your success is our primary goal.
Bookkeeping
You opened your business because you have a genuine love for what you are doing. While you recognize the importance of bookkeeping, accounting, payroll, and tax preparation, you may feel that your time could be better spent building sales or improving operations. Focus on running your business and leave the bookkeeping to us. At Padgett, all work is performed or reviewed by a CPA.
Part-Time CFO Services
If you feel your business has the need for the services of a CFO, but cannot afford the salary of someone with the experience and knowledge you require, a part-time CFO may be the answer. Padgett Business Services Newport Beach principals are not only knowledgeable accounting and tax professionals, they have experience as senior financial executives and owners of small businesses.
Trusts and Estates
Are you an executor of an estate, trustee of a trust or an estate and trust attorney looking for a CPA to assist with your required tax filings? Padgett Business Services can help you with estate tax returns (Form 706) and trust and estate income tax returns (Form 1041), as well as gift tax returns (Form 709). We will work with your attorney in structuring and funding your trusts. We also provide fiduciary accounting reports to assist in reporting to beneficiaries.
New Business Start-Up
If you are starting a new business or considering forming a Partnership, LLC, S-Corp or C-Corp, Padgett can help. A CPA will consult with you to determine your goals and discuss the options available. A structure can then be selected that will fit your tax planning guidelines while also meeting your business and personal requirements.
Payroll Services
Padgett has partnered with a recognized leader in the payroll industry, offering our clients state-of-the-art payroll services with personal attention from a CPA. No set up fees. No contracts. Great rates. Direct deposit for both employees and independent contractors. Easy implementation. Print checks on-site.
Free Consultation
If you would like to schedule a free consultation to learn more about the broad range of services Padgett offers to Newport Beach, Costa Mesa and Irvine businesses and individuals, please phone Cindy Jackson at 949.640.1100 today to schedule a convenient time.
