Our professional tax services are discontinued as a stand-alone service and are incorporated into a packaged service that may include substantially more tangible and intangible benefits and may also be priced differently as a result of these changes. This non-exhaustive list of tangible and nontangible services and benefits is meant to highlight some of the potential differences between our tax services and former or other firms’ tax services.
The following services are included and available on request and included in the regular fee. The services that are always included even without a specific request are capitalized. The services listed as optional or available may have additional requirements or fees.
A DETAILED WRITTEN ENGAGEMENET AGREEMENT IN CLEAR PLAIN LANGUAGE
A WRITTEN WORK PLAN THAT INCLUDES A TIMMELINE, TASKS, AND SPECIAL CONDITONS THAT MAY APPLY
A discussion of the engagement agreement, privacy policy, and security provisions
Software subscriptions, including QuickBooks, in a version appropriate for your situation (available subject to the provider’s policies)
A discussion focused on your overall financial goals
A discussion of the goals of the tax return and the potential impact of any accounting weaknesses
A discussion of your financial fears, struggles, and concerns
Reading of your business organizational documents, bylaws and minutes
Reading your trust agreements and organizational by-laws
Reading any other documents that you provide
Discussion of Reasonable Compensation for corporation owner/employees
An online check of your business filing status
A check of social security numbers and employer identification numbers
Foreign Bank and Financial Account filings
Business Ownership Information filings
1099 and W2 filings
Form 1040 series, 1120 series and 990 series filings
State income tax returns
State sales tax returns
State specific employer filings
CREATION AND MAINTENANCE OF A SECURE ONLINE FILE OF YOUR DOCUMENTS
Review of prior year tax return
Confirmation of document inputs used to prepare the tax return
Confirmation of the states and jurisdictions prepared
Mid-year review
Flexibility in paper or electronic communications
Document upload from computer or cell phone photo
“Click to sign” electronic signatures
Manual confirmation of filing acceptance
Timeliness agreement, completion date can be specified
Year-round access
Audit response
Audit representation available
Tax planning for next year
Reliance on professional opinion audit defense
Confidence of having a CPA/MT preparer as signor on the tax returns
Separate tax return review process following tax return preparation
Comparison of tax results with prior year(s)
Discussion of overall and marginal tax rate
If a local tax return is required, not filed by a preparer, a PDF version for mailing or template for self-filing online
Review video of tax return, planning issues and potential weaknesses
Financial planning discussion stemming from tax return issues
Access to industry-leading compensation and employee benefits expertise
Access to decades of real estate expertise
Access to decades of portfolio management expertise
Multiple year contracting available
SECURE ELECTRONIC RECORDS STORAGE
Multiple versions of tax return available for different purposes
Integration with bookkeeping for small business, real estate, investments, and cryptocurrency (available)
“Book-to-tax” accounting proposed journal entry adjustments (available)
CPA’s manual signature on paper copy of return for third parties and lenders (available)
CPA cover letter available for lender or third party (available)
In summary, our services are designed to cover comprehensive planning, coaching, and compliance, but most services are on request and will always be detailed in a written Work Plan.