Q. Why do I Need an Accounting Service?
You may not need us, but until you know how we work with our clients you can't really know for sure. The better question to ask yourself is "How much time am I spending on record keeping and reporting that I could be investing into growing my business?" Which would you prefer - hours or minutes of your time?
Our clients find that instead of spending one to four hours a day managing numbers they can invest a few minutes a day putting their relevant information in an envelope or sending us an email, and that's it. For them it's simple - no more wasted time!
Q. What services do you provide?
We provide a Full Spectrum Accounting Service. That means we provide your Month-to-Month reporting, your Quarterly reporting, your Annual reporting, all of your Payroll Production and related reporting needs, Tax Preparation and Consultation, IRS Audit Representation, document preparation for Lending Institutions, Professional Business Plans, help with working with your state's department of revenue and other regional and local income reporting agencies, and more. Just take a look at our Payroll, Accounting, and Tax tabs to see some of what is available.
In addition we keep an extensive list of other financial planning, legal, and professional services for specific areas of expertise you may need. We work for you!
Of course, you can always call some of our current clients and ask them about their experience with us by looking at our Testimonials section on the left side of this web page.
Q. How does the cost of your service compare to the cost of accounting software?
To answer that you need consider the cost of learning the program and maintaining the information in it. For invoicing and payments tracking just about any accounting software, even a spreadsheet or a sheet of paper, can keep you operational depending on your needs.
But how easy is it to track your returns? Does it fill out your monthly or quarerly Sales Tax forms for you? Can it properly handle Loans to Officers including proper allocation of interest? Is it a double-entry system? Will it reconcile your bank statements and credit statements so you know if you're operating at a loss even if the accounts stay positive? Can it separate the interest from the principle portion of your payments? Does it know the difference between long term and short term liabilities and how they affect your your Balance Sheet? Will it tell you when you have enough cash flow to add your first or next employee?
These become the real questions, and costs, to consider when deciding on software vs. accountant. Even if you do decide to hire an in house bookkeeper your knowledge and their training are still costs you have to consider - if you don't have the time to keep up right now, how are you going to have the time to train an employee to do the same tasks?
Chances are we are still the more cost effective choice. Call us today and get actual numbers to think about.
Q. How do your rates compare with other Accountants and CPA's?
This question highlights a major difference between A and R Accounting and EVERYONE else. Generally, accountants and CPA's bill by the hour - the time it takes them to put all your information together and double check the balances. The average accountant can bill $60 to $100 per hour and CPA's usually begin at $150. There is no incentive for efficiency or productivity because they make more money being less efficient and they don't mind if you foot the bill.
A and R Accounting is different. We bill by the number of estimated transactions. This means you always know what you're cost is for services from us. Your account is reviewed after the initial three months and price adjusted when needed to match your actual transactions. Every 12 months thereafter we review again so you are never paying for anything but the service.
Beyond this, most accounting firms are moving exclusively to Tax Preparation and Settlement. This means you pay for a whole year of accounting and record keeping, your Tax preparation fees, as well as your tax liability all at one time! By then, you could have missed key tax opportunities. Why not get a current picture of your business finances every month as well as tax planning to help you stay ahead of the tax game instead of underneath it?
Q. What are your Hours of Operation/Observed Holidays?
We are open Monday through Friday 9 am to 5 pm.
Holidays we observe (2012) are as follows:
New Years Day NA, Falls on a Saturday
Day after Tax Day Monday, April 17th
Memorial Day Monday, May 28th
Independence Day Wednesday, July 4th
Labor Day Monday, September 3rd
Veterans Day Monday, November 12th
Thanksgiving Thursday, November 22nd AND Friday, November 23rd
Christmas Monday, December 24th AND Tuesday, December 25th
New Years Eve Monday, December 31st open 9am to 1pm
New Years Day Tuesday, January 1st closed all day