Frequently Asked Questions
I need to amend a previous year. Can you prepare amended returns?
Yes, we work closely with our clients to do our best to lower their tax liablity.
I received a letter from NYS for back taxes. How do we resolve?
Similar to any other jurisdiction, we’ll work with the taxing authority to ensure you’re represented well. You won’t be responsible for anything extra.
Can you help make estimated tax payments? I am a 1099 employee.
Of course! We’ll ensure we fulfill your withholding requirements.
What happens if I am audited by the IRS?
If you are audited by the IRS, we will work with you and the IRS to provide any necessary information and represent you during the audit process. We will ensure that your rights are protected and work to achieve the best possible outcome for your business.
A family member gave me a gift. Is that taxable?
It may or may not! Let’s nail down the details and ensure you’re compliant.
Can you help me with my business's tax planning and strategy?
Yes, we can help you with your business’s tax planning and strategy. We stay current on all tax laws and regulations, and we can help you minimize your tax liability through careful planning and utilizing all available deductions and credits.
What types of businesses do you work with?
We work with a wide range of businesses, including small businesses, start-ups, and established corporations. We have experience in several industries and apply best practices according to your specific needs.
How do you ensure the confidentiality and security of my financial information?
We take the confidentiality and security of our client’s financial information very seriously. We use encryption and secure servers to protect all data transmission, and we have strict internal policies and procedures to protect against unauthorized access to client data.
Do you offer online accounting services?
Our network of bookeepers offer a variety both desktop and online accounting services, like Quickbooks and Quickbooks Online. This allows our clients to access their financial information from anywhere and collaborate with us in real-time.
How often will I receive financial statements?
We can provide financial statements on a monthly, quarterly or annual basis, depending on your needs. We will work with you to determine the frequency that best suits your business.
Do you offer monthly bookkeeping services?
Yes, we offer monthly bookkeeping services, which include maintaining accurate financial records, reconciling bank statements, and preparing financial statements. This allows you to focus on running your business while we take care of the financial side.
Can you help me set up a new accounting system for my business?
Yes, we can help you set up a new accounting system for your business. We will work with you to understand your business’s specific needs and recommend a system that is best suited for you. We also provide training on the new system to ensure that you are comfortable using it.
How do you stay current on tax laws and regulations?
We stay current on tax laws and regulations by regularly attending training and seminars, reading professional journals and newsletters, and being an active member of professional organizations.
Can you help me with my business's budgeting and forecasting?
Yes, we can help you with your business’s budgeting and forecasting. We will work with you to create a budget and forecast that takes into account your business’s specific needs, and we will regularly review and update it as needed.