Quantum Accountancy, CPA is a Southern California based CPA firm. We are specialized in tax preparation, tax planning, and financial statement preparation. We take great pride in providing high quality services to all of our clients from our smallest to our largest one. As licensed professional, we are required to obtain education and experience and adhere to accepted or government provided standards when we are preparing your financial statements and tax returns. Our mission is to keep you out of trouble while helping you achieve your goals.
What We Do
From taxes to consulting, we are ready to meet your financial needs.
Financial Statement Preparation
Keep yourself up to date with your financial performance so you can make crucial decisions. Accurate financial reporting is essential for tax compliance. Get tax ready with our accounting services.
Tax Planning
Learn what moves you can make to save you on taxes both short term and long term. Our firm will work with you to tailor your plan to achieve your financial goals while minimizing your taxes.
Consulting and Advisory
Need special projects done? Not a problem for our yes-can-do attitude. Let us know what you need.
Tax Compliance
Whether it be payroll or annual income tax reporting, we've got you covered. We have years of expertise in helping individuals, trusts, and small to medium size businesses meet their tax reporting needs.
Divorce Financial Analysis
Need to work out the financial details for property settlement for your divorce? Contact us! We will help you throughout the process to provide you and your attorney with a thorough analysis. As Certified Divorce Financial Analyst, we are trained in financial issues that arise during divorce, combined with our expertise in tax and accounting and years of audit experience, we are ready to give you a 360 degree view on all the financial information for your divorce.
QuickBooks Certified Proadvisor
Have our QuickBooks Certified Proadvisor help maintain your financial records or advise you on how to use QuickBooks Desktop or QuickBooks Online efficiently. Ask us about a QuickBooks discount for our clients.
Our Team
Quantum Accountancy, CPA was started by Ms. Quach to serve the Southern California community. Ms Quach has over a decade of experience providing tax and accounting services to a large variety of clients and enjoys helping businesses and individuals achieve their goals. Ms. Quach graduated from the University of California, Riverside magna cum laude with a degree in Business Administration with a concentration in finance and also from the University of California, Irvine with a Masters in Professional Accountancy. She is a Certified Public Accountant, Enrolled Agent, QuickBooks Certified Proadvisor, and Certified Divorce Financial Analyst. During her free time, she enjoys going to local events, wine tasting, and reading.
Audrey Quach
CPA, EA, CDFA
Let Us Help You through Divorce
Divorce is a stressful process that will have immediate effects for you (and your dependents) for the next few years or for the rest of your life. Oftentime, couples will divide up the assets without considering the tax consequences or the present value of future cash flows of certain assets, such as retirement plans, by splitting in the middle whatever that is showing in their bank and retirement.
Do you know that stock options transferred as property settlement in a divorce from the employee spouse will still be reported on their W-2 at the time of exercise and that FICA taxes are still triggered? Or that the disallowed losses of a S Corporation is transferred to the spouse who gets the stock in a property settlement? What if you are selling your marital home during the divorce? Due to the different tax rate of each spouse, the net proceeds to each spouse after taxes could be different from 50%-50%. If one of the spouses remarried during the property settlement process, the new spouse might be entitled to the primary home exclusion as well when the marital home is sold.
These results of property transfer might not have an immediate effect but a very real monetary effect later down the line that often skew the outcome so that what seems to be fair and equitable at the time of settlement does not seem so anymore. We are committed to providing you with a thorough understanding of situations so you could make the best choice for you that will hold up during the settlement process.
Why is Accurate Accounting Important?
Every business needs to account for its revenue, expenditure, and other financial transactions. Some people do it themselves when they have the time. Some people have bookkeepers to do it for them on a monthly or quarterly basis. Some people keep all the receipts that they remember to set aside in a box or download the transactions from their credit cards statements and bank accounts then send the transactions in an spreadsheet to their tax accountant before March or April 15.
Some people do bookkeeping themselves because they do not trust other people with their sensitive financial data. That's understandable. Afterall, in many accounting firms, the bookkeeping is passed off to a lower billable rate employee whom you probably have never met before. Also, who would know what the transactions are for better than you do?
Other people have an outside independent bookkeeper. From our experience, generally, these bookkeepers will do the basics such as entering bank transactions in and reconciling accounts. A majority of the time, there are misclassifications and it takes time for the tax preparer to verify certain balances, confirm taxable deductible transactions, and adjust beginning balances.
From cost and time perspective, it is more efficient to have both the bookkeeping and tax preparation done under one roof. When we are booking the transactions, we are already classify them from a tax perspective and already know what is tax deductible. You do not have to explain to the bookkeeper once and the tax preparer again. Also, we will inform you if there is certain tax compliance that you must make for vendors that you pay over $600 during the year and will start requesting the information before year end when you cannot track down the vendor anymore. Since we are already preparing your financial statements, this makes tax planning much easier. We are already familiar with your accounts and have access to your books without going through the process of requesting your busy bookkeeper who may have holiday plans around Thanksgiving or Christmas. Our goal is to streamline your accounting and tax compliance so that you do not have to worry about it.
