Chief Financial Officer FAQs

  • Are your CFO meetings held in-person or virtually?

The sessions are available no matter where you live. We can use Zoom during virtual sessions so that we can talk face to face and also share screens. For most coaching access to a personal computer or phone is required.

  • Can you give me advice on investing?

We are here to help you confidently manage the money you make and determine how much you can safely invest. We can educate you on what options are out there for retirement saving, insurance and other investments, and the tax benefits of contributing to an IRA. We can educate you on what fees or recommendations are associated with various investments, and which ones are super user friendly. We are not a financial advisors or financial planners, so we don’t sell any products or manage investments.

  • How do I know when it's time for a CFO?

 A CFO can determine the cost structure of each new piece of business and--more important--what your company needs to charge to actually make money on the work you’re doing. You’ve been operating your company successfully for a while, and now it’s time to reach for the next level. Maybe that means expanding your product line or the kind of services you offer, or hiring additional employees. A CFO can provide the CEO with a strategic partner in this undertaking. Because CFOs are skilled at evaluating business models for soundness and profitability, they are a good resource to have when contemplating a dramatic shift in your company. And they don’t need to be on staff or engaged full-time

Tax Preparation FAQs

  • How do I obtain a copy of my prior year tax return using your company?

You can obtain a copy of your prior year’s return by contacting the company by email and we will forward it to you within 24-48 hours.

  • What if I receive another tax form after I’ve filed my return?

If you’ve already e-filed or mailed your return to the IRS or state taxing authority, you’ll need to complete an amended return. You can file Form 1040X through our company. Additional fees may apply.

  • How long do you keep my Filed tax information on file?

We retain your information for as long as your account is active or as needed to provide you services. We may retain or use your information as necessary to comply with our policies, legal obligations, resolve disputes, and enforce our agreements. The IRS requires us to retain filed tax returns for a period of at least three years.

Bookkeeping FAQs

  • Do I need a bookkeeper if I have an accountant? What’s the difference between the two?

Accountants and bookkeepers perform distinctly different tasks for the businesses they serve. Bookkeepers are responsible for on-going maintenance of their clients’ general ledgers. A bookkeeper’s common responsibilities consist of:
Compiling data on a daily basis
Categorizing expenses in the general ledger
Reviewing the general ledger for accuracy
Reconciling bank statements against the general ledger
Generating financial statements
Accountants use the accurate and up-to-date general ledger maintained by the bookkeeper to provide advisory services, such as:
Analyzing the company’s financial data
Preparing income tax returns
Providing tax planning advice

  • Do you serve businesses with under 100k in annual revenue?

Absolutely. We offer bookkeeping packages for small businesses of almost every size!

  • How much is the bookkeeping service?

Each company is priced differently. Schedule a consultation for a quote.

  • Should my bookkeeper be local?

Small businesses no longer need to work with a local bookkeeper. The internet and cloud technology makes it easy for bookkeepers to securely access their clients books anytime, anywhere. Business owners can now hire bookkeeper who truly understands their industry and operations, instead of hiring the local, community bookkeeper by default.

  • Do I need to clean up my books before I hand them over to you?

No, we’ll include clean up for you as part of our work estimate. We will setup your industry-specific general ledger in the cloud accounting solution that best fits your needs.

  • I have multiple businesses, how can you help me?

We specialize in financial coaching, bookkeeping and tax services for multi-unit businesses and franchises. We can manage the books for each individual location and give you insight into your business’s overall financial performance.