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Inland Empire’s Premier Accounting Firm
COMPREHENSIVE AND INDIVIDUALIZED TAX AND FINANCIAL SERVICESProspect Financial Solutions is an Enrolled Agents Accounting Firm, serving Inland Empire businesses since 2008. Our firm’s unique, hands-on approach will help you identify useful, practical and value-added answers to make your business stronger. We believe in a solution-based approach when planning for our client’s futures, identifying quantifiable steps to reach desired goals. Whether you are a brand-new business owner or a seasoned entrepreneur, Prospect Financial Solutions is here to guide you in becoming more efficient, profitable, and successful.
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OUR CLIENTS US
HERE'S WHY...
THE RECIPE FOR FINANCIAL SUCCESS
THE RECIPE FOR FINANCIAL SUCCESS
We work with our clients to meticulously hand-craft a sound financial strategy. Then we go above and beyond in helping to implement the plan with poise and constant focus.
A FINANCIAL COMPASS & MAP
At Prospect Financial Solutions, we understand that each client has different needs. We get to know you so that we can become an insightful financial partner who truly understands your goals and challenges. From strategy to execution, we will work closely with you by providing economic forecasts and plotting a course around those forecasts together.
PLANNING
It begins by building a hand-crafted, customized financial system for each client. It is about understanding your definition of success, and then putting together a sound, financial system to render that success.
EXECUTION
Implementing the system designed to achieve your financial goals is an integral part of the Prospect Financial Solutions process. We are there with you every step of the way through your journey as a business owner.
SUPPORT
Keeping the system primed requires careful attention and diligent focus on the details. From financial consulting to improving system processes, we look at ways to improve upon the financial system in operation.
Sending Form 1099-Misc or Form 1099-NEC
Sending Form 1099-Misc and 1099-NEC (Beginning for tax year 2020, the IRS has created a new form called a Form 1099-NEC which replaces the use of Form 1099-Misc for Non Employee Compensation. The rules and practices governing 1099-Misc blogged about below apply to...
Urgent: PPP Forgiveness and 2020 Income Taxes
01/08/2021 Update: The new Federal COVID-19 bill passed and signed into law in late December overrules the IRS Notice that disallowed deductions used by a forgiven PPP loan. The new law specifically says that forgiven PPP loans will not be income and will not reduce...
Understanding COVID-19 and Employment Taxes: Credits, Deferrals, Self-Employed Individuals, & More
The relationship between COVID-19 and employment taxes is an ever changing one marked with uncertainty and, as a result, stress for many — employers and employees alike