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Taxes
Assurance
Advisory
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Aviation
Forensic
Outsourcing
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Galgas Russell LLP

Galgas Russell LLP is a full service accounting firm that provides quality accounting, auditing, tax consulting and technology services to a wide variety of industries

Services

Overview

Galgas Russell serves a diverse client base of privately held businesses, high-net worth individuals, professional service firms, real estate entities, trusts and estates from the United States and abroad.

Taxes

We optimize financial opportunities to be found in current and recently altered tax laws. Our thorough research will find all the deductions you are entitled to, and our up to date technology ensures that your paperwork is filled out accurately and arrives on time.

  • Tax Reporting and Compliance
  • Financial and Tax Planning
  • Retirement and Succession Planning
  • Trust and Estate Planning
  • IRS and State Tax Authority Representation
Assurance

Our proactive approach in understanding each client’s business and our 28 years of assurance services expertise allows us to deliver reliable and useful information that lenders and investors can trust. We provide unbiased financial observations and recommendations that allow our clients to make effective business decisions.

  • Financial Statement Audits
  • Financial Statement Reviews
  • Financial Statement Compilations
  • Agreed-Upon Procedures
  • Retirement Plan Auditing
  • Periodic Accounting
Advisory

With experience and specialized skill sets, our advisors are able to take on atypical projects and deliver sound results.  GR has a credentialed ABV, a CMA, and other licensed professionals with experience in a wide range of consulting matters.

  • Costing & Forecasting
  • Business Consulting and Evaluations
  • Business Valuations and Sales
  • Large Sales and Purchase Negotiations
  • Due Diligence
  • Business Contract Recommendations
Technology

As consultants, we work with your personnel to evaluate current system competencies and identify potential areas for upgrades and automation. We take an individualized approach to designing and implementing end-to-end solutions will improve business processes and eliminate internal and external vulnerabilities. Our full service technology department will boost productivity and reduce operating costs of your business.

  • Computer Consulting
  • Systems Design
  • Off-Site Server System Design and Implementation
  • Broadband Connectivity Setup
  • System and User Technical Support
  • Accounting System Software Installation
  • Computer Hardware Purchasing & Installation
Aviation

We specialize in tax issues associated with aircraft ownership, from small in-house flight departments to high-end aircrafts managed and operated under Part 91 and 135. Our many years of experience in the aviation industry includes negotiating service contracts and auditing management companies to ensure that operations are in the best interest of the aircraft owners. We also help companies improve their cash positions by implementing strategies in budgeting, reducing costs and internal control processes.

  • Aircraft Sales and Use Tax
  • Aircraft Acquisition
  • Audit of Federal Fuel Tax Credit
  • Audit of Management Companies
  • Aircraft Management Reporting

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Forensic

Forensic accounting is an area of accounting that encompasses a broad range of skill sets.  Our firm’s wide array of professionals includes CPAs, CFFs, a CFE, and  other forensic practitioners that work together to handle the various areas of expertise necessary for the unique character of forensic cases.  Our forensic services include quantifying economic damages, analyzing accounting records, aiding in loss investigations, and performing fraud examinations.  All of our procedures are performed at the highest standard with consideration to security and suitability for the court systems.

  • Fraud Investigations
  • Insurance Claims & Litigation
  • Business Interruption Valuations
  • Asset Tracing
  • Personal Injury/Wrongful Death
  • Litigation Support
  • Expert Witness Testimony
Outsourcing

Our outsourcing services include cash management solutions, strategic financial direction, administration of health insurance and retirement plans, and government compliance with employment laws. We have a talented team of professionals in place to assist clients with any issues associated with outsourced operations.

  • Payroll & Bookkeeping Services
  • CFO
  • Human Resources

About us

Our Firm

Located in the San Fernando Valley, Galgas Russell LLP is a full service accounting firm that provides quality accounting, auditing, tax consulting and technology services to a large variety of industries. GR serves a diverse client base of privately held businesses, high net-worth individuals, professional service firms, real estate entities, trusts and estates from the United States and abroad. We tailor our services to meet the individualized needs of our clients, from the entertainment industry to the manufacturing industry. Our firm is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants, and received a clean opinion for quality and compliance on our current review assessment.

History

Our mission at Galgas Russell LLP is to consistently exceed our clients' expectations with exceptional, personalized and trusted business advice and service.

Our partners abide by this philosophy, which has always been and continues to be the heart of our practice.

Randy Galgas joined the firm Perry Hay & Chu LLP, in 1985 as a staff accountant. At the time, he was a recent college graduate with two years of accounting experience in the construction industry. Randy was named partner in 1995 after creating and developing the firm’s technology services department, which he continues to grow to this day.

Ray Russell joined the firm as a partner in 2004. He brought 16 years of accounting and auditing expertise with him, including his experience as an accountant for Deloitte & Touche LLP, and as a partner in another Los Angeles based accounting firm.

The firm has continued to expand with the addition of new talent, bringing innovative ideas and advancements that have complimented the partners’ decades of professional experience and expertise. This expansion and modernization led to the evolution of a new era culminating in June 2013 with Galgas Russell LLP, a client service focused firm.

 

Partners

Galgas

Randy S. Galgas, CPA, CITP

B.A. Business Economics, University of California, Santa Barbara

With the firm for over 28 years, Randy is in charge of Information and Technology and the head of our Aviation services. He created and currently directs the consulting department, providing technology assessments, accounting system integration and system security consulting. Randy is also the trusted accountant and business tax advisor for many closely held businesses, successfully helping several grow from start up companies to domestic and multinational industry leaders.

  • Named one of the area’s Top 25 CPA’s in 2002 by the San Fernando Valley Business Journal
  • Past Co-Chair of the CalCPA Los Angeles chapter’s Technology Discussion Group
  • Member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants
Russell

Raymond A. Russell, CPA/ABV/CFF

M.S. Taxation, Golden Gate University
B.S. Business of Accounting Theory & Practice, California State University, Northridge

Ray is responsible for accounting and auditing, management advisory services, and income tax planning and compliance. With nearly 28 years of experience in public accounting, Ray consults clients regularly in starting businesses, growing already successful businesses, and buying or selling businesses in a wide range of industries. He is also licensed to practice public accounting in several states outside of California.

  • Authored and presented “Common Errors Found on Financial Statements” to the California Society of Certified Public Accountants
  • One of fifteen CPA’s appointed to the Report Quality Monitoring Committee of the California Board of Accountancy
  • Member of the California Society of Certified Public Accountants and the American Institute of Certified Public Accountants, where he is certified in Financial Forensics

Contact

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ADDRESS

3435 E. Thousand Oaks Blvd #4107
Thousand Oaks, California 91359-1107

Phone / Fax

(818) 444 6700 / (818) 444 6799

Email

grw@grwllp.com

ADDRESS

3435 E. Thousand Oaks Blvd #4107
Thousand Oaks, California 91359-1107

Phone / Fax

(818) 444 6700 / (818) 444 6799

Email

grw@grwllp.com