Frequently Asked Questions

Our firm meets with you to determine how you will run your business, if you will have investors, and how the business will be capitalized. From that information we can recommend a preferred entity structure that protects your assets and minimizes taxes.

We can use our 25+ years of experience to help analyze the past performance of similar businesses, their trends and future prospects. We also look at the potential new owner’s skill set and objectives to help determine if the business can be a profitable venture.

Our firm has developed strategic relationships with bankers, attorneys, insurance agents, and many other businesses. This enables us to help our clients resolve a variety of business needs from getting office supplies to obtain a loan or line of credit.

We provide the same level of accounting guidance as we do for “For Profit” companies. That includes help with the accounting system and internal controls, preparing compiled or reviewed financial statements and completion of annual tax returns.

Our firm is certified to consult on QuickBooks. Our staff provides friendly and knowledgeable installation and training in QuickBooks. We can have you up to speed in no time. We also provide periodic review and analysis of data input for correctness and accuracy. This ensures that the reports you generate are meaningful and can help you manage your business.

We prepare all corporate, LLC, and partnership returns on a timely basis. We can also help with the filing of state returns, sales taxes and payroll taxes. We can also address letters and questions from the IRS and state and local taxing authorities.

While we are not financial advisers, but rather tax advisors, we can give you guidance on retirement plan rules and benefits and when the contributions to the various retirement plans must be made.

We can also help with IRA rollover or Roth conversion strategies and recommend a competent financial investment person to help you protect and maximize your investment assets.

We attend 25 to 60 hours of individual tax courses to ensure we are up-to-date on the latest credits and other tax-saving strategies each year. Because of our large personal tax client base, almost all tax credits are used by someone annually.

We extract the primary amounts for the FAFSA form used for college tuition assistance from your personal tax returns and other financial reports from bank or investment firms. Since the deadline for the FAFSA form comes two months before individual tax returns are due, we can help prepare the form using reasonable estimates where needed.