Accounting and Bookkeeping Services for Companies in Lancaster, California

Lancaster businesses face a complex tax landscape, including state sales tax rates plus local additions. Our expert bookkeeping and accounting services in Lancaster cover taxable services, payroll withholdings, unemployment insurance, disability insurance, and training taxes. We ensure timely electronic filings and help with corporate income tax compliance, including California’s flat tax rate and franchise fees. By adhering to GAAP standards, we keep your financial records organized and audit-ready, so you can confidently manage your business’s finances in line with all regulatory requirements.

Accuracy and Compliance That Meets California Standards

California requires businesses to collect a statewide base sales tax of 7.25%, which can be supplemented by local taxes, resulting in a total tax rate of up to 11.25%. Only tangible goods are subject to sales tax; services like accounting and legal fees are not taxed. Out-of-state sellers must follow economic nexus rules for sales tax collection. Employers must withhold state income tax, unemployment insurance, disability insurance, and employment training tax, and file quarterly returns electronically. While no state-level business license is required, local permits vary by city or municipality. Corporations pay an 8.84% flat tax plus an $800 minimum franchise fee. Records must be kept for five years; payroll records must be kept for three years. Audits must follow Generally Accepted Accounting Principles (GAAP). We record everything accurately ahead of time, so you can run your business with less stress.