Nguyen and Associates, CPA

Nguyen and Associates is recognized as one of the most appreciated CPAs for its first-rate accounts and tax management services. Drawing upon a wealth of expertise acquired over a period of three decades, it aims to navigate the complex accounting and taxes for individuals as well as business owners of all scales.

The company uses cloud accounting to streamline bookkeeping, correct entries, and perform other accounting tasks. The advanced financial budgeting and forecasting capabilities enable Nguyen and Associates to meticulously maintain general ledgers and ensure clients’ financial records are spick and span.

The seasoned tax preparers of Nguyen and Associates implement proactive tax planning strategies to legally minimize tax liabilities for clients. The firm’s team does not just aim for compliance; it strives to optimize after-tax income by recommending tax-saving tactics. The efficient team works tirelessly to resolve IRS levies and unfiled tax returns for businesses.

Nguyen and Associates also renders a top-notch CFO and controller service for thriving companies. It involves training and managing accounting staff, assistance in budget preparation and monitoring, profitability analysis, and implementation of tax-saving strategies. In addition, the firm specializes in cash flow management and financial risk analysis. It ensures the client makes the right financial decisions throughout the year.

“We prioritize client experience as the key business strategy. This has earned us tons of five-star client reviews,” says Ryan Nguyen, CEO of Nguyen and Associates, CPA.

When a new client comes onboard, the team begins its work with an initial consultation meeting.

It engages in detailed discussions with clients and meticulously examines their financial reports, including previous years’ tax returns, to gain valuable insights into their current financial landscape and understand future objectives.

Depending on the complexity of a case, Nguyen and Associates’ team arranges multiple meetings to delve deeper into the matter and develop a tailored strategy. Subsequently, the team prepares a comprehensive proposal and an engagement letter encompassing estimated costs and an outline of the scope of work. Once the client approves and signs the required documents, the team promptly initiates the work process.

Nguyen and Associates uses digital portals to circulate proposals and documents as well as collect electronic signatures. This allows for a more efficient and convenient process, eliminating the need for paperwork and enabling faster turnaround times.

“We prioritize regular, clear communication and provide timely responses to each client’s queries,” says Nguyen. In one instance, a property owner had been using a tool to handle his tax returns for a while. Later, he realized the software was not reporting depreciation expenses on his rental properties. When he decided to sell one of his rental properties, he had to report depreciation recapture as if the property was appreciated. He was going to owe tens of thousands of dollars in taxes for an expense that he never originally realized benefits.

To assist him, Nguyen and Associates filed a change of accounting method form to include all the previous years’ depreciation in the year of the property sale. This resulted in a tax refund for the client.

The biggest driver for the company’s success is its passionate and proactive team. Their “never to yield” mentality and urge to deal with all the adversaries make Nguyen and Associates a leader in this space.