It all starts with your accounting. I work primarily with QuickBooks and your tax return should mirror your QuickBooks file. I only work with businesses who have an in-house or contract bookkeeper. If you don’t have a bookkeeper, I will provide you with qualified referrals.*
I will review your QuickBooks file prior to year-end to ensure your financial statement are IRS compliant. You will need to give me access to your online QuickBooks account.
I will make recommendations and provide tax planning advice on how to minimize your potential tax liability.
How the process works:
- You will notify me after the first of the year when your books are closed. I will print the reports I need. Please note: if there are visible errors with your books that we have previously discussed work cannot commence on your tax returns.
- After work commences on your return, I will contact you by email or phone to request any missing information or discuss what I need to finalize your returns. My expectation is that you will promptly respond.
- When your return is complete, I will send you a copy of your tax returns within a DocuSign and process. If modifications are in order, I will send you an updated tax return through DocuSign.
Your responsibility is to thoroughly review your tax returns to ensure they are complete and accurate before you sign.
- Once you have reviewed your tax returns you will sign the electronic filing authorization forms. At that time, I will electronically file your returns.
- A copy of your tax return will be uploaded to the Smart Vault. From there you will be able to download and print any IRS/FTB payment vouchers (if you didn’t opt out of electronic payments).
- If your books require any adjustments, I will post the journal entries, or email them to your bookkeeper, so that your books agree to your tax returns.
* Very few exceptions apply. My job, as your trusted advisor, is to help minimize your tax liability, not to clean up your accounting; PLUS my billing rate is $300/hour. Is that how you really want to spend your resources?
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