New Client FAQ

1. What services do you offer as a CPA firm?
We provide a range of services, including tax planning and preparation, bookkeeping, financial statement preparation, payroll services, business consulting, and IRS representation. We specialize in helping startups, real estate investors, and medical practices.

 

2. How do I get started with your firm?

To get started, schedule an initial consultation through our website or call us directly. We will discuss your needs, goals, and the best ways we can assist you.

 

3. Do you offer virtual consultations?
Yes, we offer both virtual and in-person consultations to accommodate your schedule and preferences.

 

4. How is a cloud-based virtual CPA firm different from a traditional brick-and-mortar firm?
A cloud-based virtual firm offers greater flexibility, convenience, and accessibility. Unlike traditional firms, our services are fully digital, allowing you to access your financial records, communicate with your CPA, and manage your finances anytime, anywhere. This approach eliminates the need for in-person meetings, making the process more efficient while maintaining the same level of expertise and personalized service.

 

5. Why use an accredited CPA instead of a cheaper tax preparer or chain tax service?
Accredited CPAs are highly qualified professionals with extensive education, training, and certification. We have a deeper understanding of tax laws and can provide strategic advice that goes beyond basic filing. Our services are personalized, ensuring you maximize deductions, reduce liabilities, and plan effectively for the future. Unlike many chain tax services, we are equipped to handle complex tax situations and provide representation in case of audits, giving you peace of mind and long-term value.

 

6. What documents do I need to provide for tax preparation?
For individuals: W-2s, 1099s, prior year tax returns, mortgage interest statements, and investment summaries.
For businesses: Income statements, expense records, payroll records, and any 1099s issued.

We will provide a detailed checklist tailored to your situation after our initial consultation.

 

7. Can you help me reduce my tax liability?
Yes, we specialize in strategic tax planning to help you take advantage of all available deductions, credits, and other tax-saving opportunities.

 

8. How do you handle tax audits?
If you are audited by the IRS, we provide representation services to ensure your case is handled professionally and efficiently.

 

 

9. Can you help me start a business?
Yes, we assist with entity selection, business registration, accounting setup, and tax planning to ensure your new business gets off to a strong start.

 

10. Do you help with retirement planning?
Yes, we can guide you on tax-advantaged retirement accounts like SEP IRAs, 401(k)s, and Roth IRAs to maximize your savings.

 

11. What accounting software do you recommend?
We recommend software like QuickBooks Online or Xero, depending on your business needs. We also provide setup and training for these tools.

 

12. How do you charge for your services?
Our hourly rate is $150. Tax preparation fees are based on the complexity of the return. We offer monthly packages for ongoing bookkeeping and advisory services. During our initial consultation, we will provide a detailed quote.

 

13. Do you offer payment plans?
Yes, we offer flexible payment plans for our clients to ensure affordability.

Rental Property Owners and Real Estate Investors

 

14. Can you help with rental property income and deductions?
Yes, we specialize in assisting real estate investors with maximizing deductions for expenses like depreciation, repairs, and property taxes.

 

15. Do you assist with 1031 exchanges?
Yes, we provide guidance on 1031 exchanges to help you defer capital gains taxes when selling and reinvesting in properties.

 

16. I’m self-employed; can you help with quarterly taxes?
Yes, we calculate and prepare quarterly estimated tax payments to ensure you stay compliant with the IRS.

 

17. Do you assist with estate and trust planning?
Yes, we provide tax and accounting services for estates and trusts, helping you manage assets and plan effectively.

 

18. Can you help with international tax issues?
Yes, we have expertise in international tax matters, including foreign income, assets, and reporting requirements like the FBAR and FATCA.