Frequently Asked Questions

A: Remote bookkeeping is a service where an experienced bookkeeper manages your business's financial records and transactions from a remote location. They handle tasks such as accounts payable, accounts receivable, bank reconciliations, and financial report preparation, all using secure, cloud-based software.

A: Remote bookkeeping offers numerous benefits, including cost savings (no need for a full-time in-house employee), increased efficiency, and access to a professional with expertise in managing business finances. It allows you to focus on your core operations while ensuring your financial records are accurate and up-to-date.

A: Most remote bookkeepers focus on the day-to-day financial management of your business. While they work to ensure your books are prepared correctly for tax season, they typically do not provide tax advice or file your taxes. They work in conjunction with your tax preparer or CPA to ensure a smooth tax filing process.

A: A QuickBooks ProAdvisor is a certified professional who has been trained and tested on QuickBooks software. They possess a deep understanding of the program's features and can help businesses set up, manage, and optimize their financial operations using QuickBooks.

A: A QuickBooks ProAdvisor can provide a wide range of services, including:

• Initial setup and configuration of QuickBooks
• Training you or your staff on how to use the software effectively
• Troubleshooting and resolving QuickBooks-related issues
• Customizing reports and dashboards to provide valuable business insights
• Ensuring your QuickBooks files are accurate and compliant

A: The "best" version of QuickBooks depends on your business's specific needs. QuickBooks Online is a cloud-based solution offering flexibility and accessibility from any device, while QuickBooks Desktop is a more robust, on-premise software. A ProAdvisor can help you determine which version is the best fit for your business and assist with the transition if needed.

A: The required documents can vary depending on your situation, but generally include W-2s, 1099s, receipts for business expenses, mortgage interest statements, and other relevant financial records. A professional tax preparer can provide a comprehensive checklist tailored to your needs.

A: The IRS offers a tool called "Where's My Refund?" on its website. You can also contact the IRS directly or your tax professional for updates on your refund status.

A: If you can't pay your full tax liability, the IRS offers several payment options, including short-term payment plans, installment agreements, and an Offer in Compromise. A tax professional can represent you and help you navigate these options to find a solution that works for you.

A: Failing to file or pay taxes can lead to serious consequences, including penalties, interest, and enforced collection actions by the IRS, such as liens and levies. It is crucial to address delinquent taxes as soon as possible.

A: Yes, professional tax representatives can help you understand and respond to IRS notices. They can communicate with the IRS on your behalf, negotiate payment plans, and work to resolve your tax issues, including cases of "seriously delinquent tax debt."

A: IRS representation is when an authorized tax professional, such as a CPA or an enrolled agent, acts as your legal representative to communicate and negotiate with the IRS on your behalf. This service is invaluable for individuals and businesses facing audits, collections, or other complex tax issues.

A: While accounting services focus on the historical data—recording transactions, preparing financial statements, and ensuring compliance—advisory services are forward-looking. Advisory professionals provide strategic guidance and insights to help you make data-driven decisions that drive business growth and profitability.

A: This approach goes beyond basic bookkeeping to provide a holistic view of your financial health. It involves analyzing your financial data to identify areas for cost reduction, revenue enhancement, and improved cash flow, allowing you to make proactive decisions to increase your business's profitability.

A: Yes, we provide expert accounting services to businesses in Braselton and the surrounding areas. Our services are tailored to the specific needs of the local community, from small businesses and startups to established enterprises. We offer a full range of services, including accounting, bookkeeping, payroll, and tax services.