Frequently Asked Questions
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In short, the answer is YES! Contrary to popular belief, accountants and bookkeepers perform unique tasks that are distinctly different. Each business can leverage both types of services. Bookkeepers are responsible for the ongoing maintenance of their client’s general ledgers. They typically record all transactions and post debits and credits. Accountants use the up to date data from the bookkeeper’s general ledgers to offer financial advisement to their clients.
Compiling data, calculating expenses of the general ledger with the utmost accuracy, and reconciling bank transactions and statements against the general ledger.
Offering tax planning services and advice, consulting clients on financial matters, analyzing the company’s financial data, and preparing income tax returns.
It’s simple, convenient, and fun! With all the technology we have today, it will feel like we are right there with you, every step of the way. We regularly use video conferencing and Google Hangout, which allows us to establish a more personal relationship with each client.
Remote bookkeeping allows the business owner to obtain accurate financial statements through a non-intrusive process. This process will most likely involve providing access to bank, credit card, and other revenue and expense records necessary to classify transactions in the most beneficial manner for your business. Other financial records can be easily scanned and emailed to your personal Box.com account for easy access for your assigned bookkeeping specialist and for your future reference. During each period we will provide some analysis of your financial detail to help you plan for the future and provide you with recommendations that you can use to help your business become more profitable.
Technology is an amazing thing! We can manage your books with cloud-based software and communication with you and your staff.
Our team will use a variety of methods to ensure that we maintain a clear and transparent communication channel. These would include: Email, Phone Calls, Virtual Meetings, and Text Messaging.
No mobile information will be shared with third parties/affiliates for marketing/promotional purposes. All the above categories exclude text messaging originator opt-in data and consent; this information will not be shared with any third parties.
Nope! Our team will work with you to understand your ledgers. Leave the clean up to us!
The biggest difference between the two is from a tax standpoint. An S-Corporation does not pay taxes, and the owner(s) report all company revenue as personal income. A C-Corporation pays taxes on the income generated and pays taxes on any income received as an owner or employee.
The major difference between an LLC and a corporation (Inc) is that an LLC is owned by one or more individuals, and a corporation is owned by shareholders. Each entity offers benefits and advantages. Work with our team in a consulting session to identify which makes sense for your business.
Our team can work with you to create a business plan and set financial goals and objectives. The first step in achieving financial success is understanding what that means and calculating measurable goals along the way to measure progress.
YES! Many small business owners struggle with separating personal and professional finances. Save yourself a headache at tax time and separate the two. It can be challenging to track the profitability of your business if your finances are combined. We offer Consulting services and can advise and support you in how to build a sustainable business model.