FAQs

Frequently Asked Questions (FAQs)

Managing your finances doesn’t have to be complicated. Here are answers to some of the most common questions we get. Whether you're looking for information on bookkeeping, tax preparation, or financial tools, we’ve got you covered. If you don't find the answer you're looking for, feel free to contact us for personalized assistance!

1. What services do you offer?

We provide a full range of bookkeeping and tax services, including:

Bookkeeping: Ongoing support with monthly check-ins, full-service bookkeeping, and financial reporting.
Tax Services: Personal tax preparation and small business tax filings, including deductions and credits.
Financial Tools: Downloadable spreadsheets and resources to help you track business income, expenses, mileage, and more.

Each service is designed to simplify your financial management and help you stay organized year-round.

2. Why should I track my business expenses and mileage?

Tracking your expenses and mileage is essential for maximizing tax deductions and staying organized. Accurate records allow you to reduce taxable income, claim valuable deductions, and stay prepared for tax season or an audit. It also helps you better understand your business cash flow.

3. How do I know which service is right for me?

We offer a variety of services to meet different needs:

Monthly Check-In & Consultation is great if you need regular financial reviews and guidance.
Full Bookkeeping Service is ideal for businesses that want comprehensive financial tracking and reporting.
Personal Tax Filing and Small Business Tax Filing help you stay compliant and maximize deductions during tax season.

If you're unsure, feel free to book a consultation, and we can help you determine which service best suits your needs.

4. What’s the difference between personal and business tax filings?

Personal tax filings involve reporting your individual income, deductions, and credits—usually from employment, investments, or other sources. Business tax filings, however, cover income from your business, along with allowable deductions such as expenses for supplies, business-related travel, and more. If you're self-employed, you'll likely need to file both personal and business taxes.

5. How do I stay organized for tax season?

Here are some tips to stay organized:

Track expenses regularly using digital tools or spreadsheets.
Keep receipts and log your expenses monthly.
Separate business and personal finances to avoid confusion.
Set aside time each month to review your finances and prepare for tax season.

Being organized year-round makes tax filing easier and helps you avoid unnecessary stress.

6. Can I customize the financial tools and spreadsheets you offer?

Yes! Our downloadable tools, such as the Mileage Log Spreadsheet and Business Bookkeeping Spreadsheet, are fully customizable to your specific needs. You can adjust the templates for different categories of expenses, income tracking, and reporting formats to best suit your business workflow.

7. How do I know if my business is tax-compliant?

To stay tax-compliant, it’s important to keep detailed records, file accurate returns, and pay the correct amount of taxes. Regularly review your business expenses, report all income, and ensure you're claiming eligible deductions. You can also work with a tax professional to perform a thorough review of your records and ensure everything is in order.

8. Do I really need to work with a tax professional?

While it's possible to file your own taxes, working with a tax professional can save you time, reduce errors, and help you maximize deductions. A professional can also help you navigate complex tax laws, ensuring you're fully compliant and optimizing your financial situation.

9. How can I improve my financial planning and tax strategy?

Here are a few strategies to improve your financial and tax planning:

Track income and expenses regularly to understand your financial health.
Plan for quarterly taxes if you're self-employed or run a small business.
Maximize deductions by keeping detailed records of all business expenses.
Work with a tax professional to develop a strategy that minimizes your tax liability and supports long-term financial goals.

10. What should I keep in mind for tax deductions?

Common deductions for small businesses include:

Office supplies and equipment
Business-related travel and meals
Software subscriptions and tools used for business operations
Home office expenses (if applicable)
Marketing and advertising costs

Keeping detailed records of these expenses will help ensure you're claiming everything you're entitled to.

11. How do I submit my documents for tax filing?

You can easily submit your documents through email or our secure client portal. We’ll guide you on exactly what’s needed, including forms and any supporting documentation, to ensure your tax filing is completed accurately and efficiently.

12. How do I prepare for a tax audit?

While audits are uncommon, it’s always a good idea to be prepared:

Keep all financial records (receipts, invoices, etc.) for at least 7 years.
Track your income and deductions carefully to ensure everything is reported accurately.
Maintain separate accounts for personal and business expenses to avoid confusion.

Being organized and transparent with your financial records helps reduce the risk of an audit and ensures you're prepared if it happens.

13. Can I file taxes as a self-employed individual?

Yes! If you're self-employed, you need to file both your personal taxes and your business taxes. You'll report business income, track deductions for business-related expenses, and pay self-employment taxes. It's a good idea to work with a professional to ensure you're properly handling both personal and business filings.

14. Do you offer one-time services, or is it a subscription-based model?

We offer both one-time services (such as tax filings or consultations) and ongoing services (like monthly bookkeeping or tax planning). You can choose the option that works best for your business. If you need ongoing support, we offer flexible plans to suit your needs.

15. Can I cancel or adjust my subscription at any time?

Yes! You can cancel or adjust your subscription at any time. We offer flexibility in our services to ensure you get the support you need, when you need it. If you have any questions or need to modify your plan, just let us know.

16. How do I get started?

Getting started is easy! Simply book a consultation to discuss your needs. We'll work with you to choose the right services and guide you through the process, whether it’s getting your bookkeeping on track or preparing for tax season.

Need More Help?

If you have additional questions or need more personalized advice, don't hesitate to contact us. We're here to simplify your financial management, reduce stress, and help you succeed.