Small businesses today need a strong network of support — from advice about tax issues and employee benefits to assistance with technology and marketing. Alan Chabok CPA, an Orange County CPA firm, can be a trusted partner in that network.
As your financial advocate, Alan Chabok CPA provides the accounting support you need. By focusing on ways to maximize tax savings, utilizing the most effective technologies, and maintaining an impeccable reputation, we support your success at every step.
Management accounting focuses on the measurement, analysis and reporting of information that can help managers in making decisions to fulfil the goals of an organization. In management accounting, internal measures and reports are based on cost-benefit analysis, and are not required to follow the generally accepted accounting principle (GAAP).
Tax accounting in the United States concentrates on the preparation, analysis and presentation of tax payments and tax returns. The U.S. tax system requires the use of specialised accounting principles for tax purposes which can differ from the generally accepted accounting principles (GAAP) for financial reporting.[36] U.S. tax law covers four basic forms of business ownership: sole proprietorship, partnership, corporation, and limited liability company.
Depending on its size, a company may be legally required to have their financial statements audited by a qualified auditor, and audits are usually carried out by accounting firms.
Accounting firms grew in the United States and Europe in the late nineteenth and early twentieth century, and through several mergers there were large international accounting firms by the mid-twentieth century. Further large mergers in the late twentieth century led to the dominance by the auditing market by the Big Five accounting firms: Arthur Andersen, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers. The demise of Arthur Andersen following the Enron scandal reduced the Big Five to the Big Four.