The Answers You Need

Frequently Asked Questions

What are the differences between an accountant, a CPA and a bookkeeper?

Difference between Bookkeepers and Accountants. There is often a misconception that bookkeeping and accounting are the same thing. ... Some tasks that are regularly undertaken by your bookkeeper can include: Processing invoices, receipts, payments, and other financial transactions. CPA's are Certified Public Accounts.

How long should I keep my tax records for?

Keep records for three years (3) from the date you filed your original return or two years (2) from the date you paid the tax, whichever is later. If you file a claim for a loss from worthless securities or bad debt deduction: Keep records for seven years (7).

What are your service fees?

Recently, the National Society of Accountants (NSA) conducted a survey which showed that the average cost of professional tax preparation is $361. This is the price that most tax prepares will charge for a 1040 Tax Form with itemized deductions (Schedule A) plus a state tax return before any bank fees and other charges for forms.  Please contact us for more information.

Summary of Penalties:

Tax Information 2019: