FREQUENTLY ASKED QUESTIONS

HOW LONG SHOULD I KEEP MY TAX RECORDS?

Individuals should keep their tax records for at least 3 years from the date the tax return was filed. Businesses should keep their tax records for 7 years.

WHAT ARE THE DIFFERENCES BETWEEN A BOOKKEEPER, AN ACCOUNTANT, AND A CERTIFIED PUBLIC ACCOUNTANT?

Bookkeepers, accountants, and Certified Public Accountants (CPA) all work with financial data. Bookkeepers record a company's transactions, such as: when a company makes a payment, receives a payment, and more. Accountants provide more in-depth financial information than bookkeepers. A CPA has the formal education and professional experience required to be licensed by a particular state within the country to perform such work. A CPA is recognized by the government as someone who is credible and knowledgeable in their field.

HOW DO YOU KNOW IF YOU HAVE EVERYTHING NEEDED TO PREPARE MY TAX RETURN?

When we first meet, our process is to ask you all relevant questions that may be applicable to your circumstances. We provide you with detailed and thorough notes on what documentation is needed to proceed. In addition, existing clients receive a package prior to tax season which they fill out and asks relevant tax questions that can impact them for their upcoming filing.