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Frequently Asked Questions
What is a CPA firm? Do you do personal taxes?
A CPA firm is a firm that is majority owned by licensed Certified Public Accountants who offer tax and accounting services to the public. While preparing tax returns is one of the services CPA firms provide, it is ancillary to the more intensive tax planning and accounting services. All of our clients need to file a tax return, and we’re happy to prepare it for them, but our primary role is that of an accounting and tax advisor.
How much do you charge?
We bill hourly for the services provided. The amount of time spent on tax and accounting work varies depending on a number of factors including the complexity, the needs of the client, and the availability of necessary information. Our clients are only billed for actual time spent on their projects. Billing rates vary from $95-$275 per hour depending on the expertise necessary to provide accurate results that meet professional standards. We do not offer flat fee billing because there is just too much variability in the work our clients need performed. With an hourly billing model, we only get paid for the time we put into our clients, and our clients only pay for the time it takes to complete their projects.
Are you taking new clients?
We are always open to accepting new clients, but not all clients are the right fit for our services. As a CPA firm, we do a lot more than just prepare tax returns. Clients that own businesses, need additional tax planning, and have complex accounting needs are our specialty. We’re always happy to discuss our services with anyone looking for a CPA firm. Contact Us today to set up a phone call or a meeting.
What if I get audited?
If you get audited, you don’t have to go through it alone. We can assist you in dealing with IRS and state examiners, or we can represent you before the IRS if necessary. A tax audit doesn’t mean that you did anything wrong. Sometimes your situation is just so unique that the IRS needs you to prove it. Sometimes there’s an error that needs to be corrected. Whatever the case, we have the experience and the expertise to handle complex tax matters, and you don’t have to navigate the process on your own.
Will you do my payroll?
Technological advances and increasingly complex regulatory requirements have drastically changed the landscape for payroll services. Large payroll services providers are able to offer very competitive rates thanks to specialization and economies of scale. Rather than try to compete with technology and automation, we’d prefer to embrace it to save ourselves stress and our clients money. We can help you set up payroll services through the third-party provider of your choice, and we’re always happy to answer questions.
I want to start a business. What do I need to do?
We always recommend entrepreneurs seek legal assistance first when establishing a new business. There are regulatory filings that need to occur and documents that should be written up and signed before you begin offering goods or services to the public. An attorney can walk you through all of your legal entity options and the types of legal protection they provide. We can walk you through your tax entity options and the benefits of each. Once you’ve set up your legal entity and started business, we can work with you on setting up good accounting systems, a monthly reconciliation and close process, and creating internal controls. When we get close to the end of your tax year, we can perform some taxable income projections to estimate your tax liability and recommend estimated tax payments. We can also present you with options to lower your tax liability prior to year-end.
Let’s Work Together
Get in touch so we can start working together.
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