LYH CPA & Associates

Our Services.

Whether you are a self-employed professional, a small business owner, or an employee with multiple sources of income, you can benefit from our expertise and guidance.

We help to overcome stress of taxes and accounting.

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Explore Our Personalized Services

Individual Services

Individual tax services are designed to help you file your taxes accurately and efficiently. Whether you are a self-employed professional, a small business owner, or an employee with multiple sources of income, you can benefit from our expertise and guidance. LYH can help you prepare and submit your tax returns, optimize your deductions and credits, and plan for your future tax obligations. Contact us today to schedule a free consultation and get started on your tax journey.

Tax preparation and planning

  1. Federal, multi-State and local taxes
  2. Small Business (Sole Proprietors)
  3. Rental Property Planning
  4. Alternative minimum tax planning
  5. Annual income tax planning
  6. Charitable giving strategies
  7. State & IRS problem solving and representation

Non-resident Tax

  1. Filing non-resident aliens’ tax return
  2. Individual tax number (ITIN) application
  3. Non-resident housing withholding tax
  4. Non-resident tax planning

Estates, Trusts and Gift Tax

  1. Estates are taxed on the value of the decedent’s assets and liabilities, minus a basic exclusion amount that changes every year
  2. Trusts are taxed on the income and distributions they make to beneficiaries, depending on the type and terms of the trust
  3. Gift Tax is imposed on the donor of a gift that exceeds the annual exclusion amount, which is also adjusted annually
  4. Form 706 & 709 U.S. gift tax return
  5. Form 1041-estates and trusts tax return

Financial planning

  1. Define your financial goals and timeline
  2. Assess your current income, expenses, assets and liabilities
  3. Create a realistic budget and track your spending habits
  4. Allocate your savings and investments according to your risk tolerance and return expectations
  5. Review and adjust your plan regularly to account for changes in your situation and the market

Tax preparation and planning

  1. Federal, multi-State and local taxes
  2. Small Business (Sole Proprietors)
  3. Rental Property Planning
  4. Alternative minimum tax planning
  5. Annual income tax planning
  6. Charitable giving strategies
  7. State & IRS problem solving and representation

Non-resident Tax

  1. Filing non-resident aliens’ tax return
  2. Individual tax number (ITIN) application
  3. Non-resident housing withholding tax
  4. Non-resident tax planning

Estates, Trusts and Gift Tax

  1. Estates are taxed on the value of the decedent’s assets and liabilities, minus a basic exclusion amount that changes every year
  2. Trusts are taxed on the income and distributions they make to beneficiaries, depending on the type and terms of the trust
  3. Gift Tax is imposed on the donor of a gift that exceeds the annual exclusion amount, which is also adjusted annually
  4. Form 706 & 709 U.S. gift tax return
  5. Form 1041-estates and trusts tax return

Financial planning

  1. Define your financial goals and timeline
  2. Assess your current income, expenses, assets and liabilities
  3. Create a realistic budget and track your spending habits
  4. Allocate your savings and investments according to your risk tolerance and return expectations
  5. Review and adjust your plan regularly to account for changes in your situation and the market

Elevate Your Company's Experiences

Business Services

LYH is a full-service provider of payroll, bookkeeping, tax planning and preparation for businesses of different types and sizes. Whether you are just starting out or already established, we can help you manage your finances efficiently and accurately. We aim to save you time and hassle so you can focus on your core business activities.

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Tax Services

  1. Federal, state, and local tax return preparation
  2. Multi-state tax returns
  3. State & IRS problem solving and representation
  4. Tax planning & consulting for businesses
  5. Sales tax filing
  6. International taxation

Accounting Services

  1. Setting up and supporting your accounting system.
  2. Entering your transactions into the system.
  3. Categorizing your transactions.
  4. Preparing monthly income statements and balance sheets.
  5. Preparing general ledgers and financial statements.
  6. Reconciling your bank accounts.
  7. Providing litigation support.

QuickBooks Accounting Support

  1. Personal training, installation, setup, and support for QuickBooks software
  2. Collaborate with your in-house bookkeeper to resolve issues
  3. Setup QuickBooks online accounting and payroll systems
  4. Discuss and reconcile financial statements generated from QuickBooks
  5. Prepare your quarterly and annual sales and payroll tax returns, Form 1099s
  6. Provide consultation and migration services for QuickBooks desktop to online

Payroll Services

  1. Providing direct deposit of checks
  2. Issuing detailed pay stubs to employees
  3. Paying IRS and State taxes on time electronically through EFTPS
  4. Generating detailed payroll reports
  5. Issuing W-2, W-3, and 1099 forms
  6. Maintaining payroll records for the time required by the government
  7. Processing levy and garnishment requests

Entity formation, registration and dissolution

  1. Choose a business structure, such as a limited liability company (LLC), sole proprietorship, or an S corporation.
  2. Check if your desired business name is available.
  3. Apply for a Federal Employer Identification Number (EIN)

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Other Services

We also offer a range of additional services, including consulting to support your financial decisions, public notary services for document authentication, and drafting, reviewing, and finalizing contracts to ensure legal clarity and protection.

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Are you ready to overcome stress of taxes and accounting?