Yes, we can set up you books, update them and prepare the income taxes for previous periods. Please see “Backlog Bookkeeping” in our price list to calculate our fees for your specific situation.

Definitely, we can set up and update the books at any time. Please see “Backlog Bookkeeping” in our price list to calculate the fees for the months prior to your start date.

Sure, there is no contractual obligation with us.

Absolutely! Security is one of our high priorities. We use…

Monthly payment is due on the first day of each month.

http://payroll.intuit.com/support/kb/2001628.html

In order to prepare accurate reports for your company, we will need the monthly statements of all your business accounts as well as a copy of the purchases receipts. If these are not available we would need a detailed description of the purchases. You can send all documents electronically.

We will prepare and send your financial statements to you within 5 business days of receiving each month’s documentation.

Yes, you just have to request a call from him and he will contact you to schedule it. There is no additional fee associated with this call.

We provide services in all 50 states nationwide.

Please check the following chart in order to prepare your checklist.

According to IRS Tax Tip 2015-01, these are the top five reasons to e-file:

* Accurate & Easy: The tax software that you use to e-file helps avoid mistakes by doing the math for you. It guides you every step of the way as you do your taxes.

* Convenient Options: You can buy commercial tax software to e-file or ask your tax preparer to e-file your tax return. You can also e-file through IRS Free File, the free tax preparation, and e-file program available only on IRS.gov.

* Safe and Secure: IRS e-file meets strict security guidelines. It uses secure encryption technology to protect your tax return. The IRS has safely and securely processed more than 1.3 billion e-filed tax returns from individuals since the program began.

* Faster Refunds: In most cases, you get your refund faster when you e-file. That’s because there is nothing to mail and your return is virtually free of mistakes. The fastest way to get your refund is to combine e-file with direct deposit into your bank account. The IRS issues most refunds in less than 21 days.

* Payment flexibility. If you owe taxes, you can e-file early and set up an automatic payment on any day until the April 15 due date. You can pay electronically from your bank account. You can also pay by check, money order, debit or credit card. Visit IRS.gov/payments for more information.

If you are a U.S. citizen or U.S. resident, the factors that determine whether you owe federal income taxes or must file a federal income tax return include:

* The amount of your earned and unearned income

* Whether you can be claimed as a dependent on another person’s tax return

* Your filing status, and

* Your age If your income is below the amount of the filing requirement for your age, filing status, and dependency status, and no other filing requirement applies, you do not owe federal taxes on your income and you do not have to file a federal income tax return.

Even if you are not required to file an income tax return, you may choose to file a return if you are entitled to a refund of withheld income tax or estimated tax, or you are eligible for a refundable credit.

Don’t worry if you made a mistake on your tax return or forgot to claim a tax credit or deduction. You can fix it by filing an amended return. Here are some tips that you should know about amending your federal tax return:

* When to amend. You should amend your tax return if you need to correct your filing status, the number of dependents you claimed, or your total income. You should also amend your return to claim tax deductions or tax credits that you did not claim when you filed your original return. The instructions for Form 1040X, Amended U.S. Individual Income Tax Return, list more reasons to amend a return.

* When NOT to amend. In some cases, you don’t need to amend your tax return. The IRS usually corrects math errors when processing your original return. If you didn’t include a required form or schedule, the IRS will send you a request for the missing item.

* Form to use. Use Form 1040X to amend a federal income tax return that you previously filed. Make sure you check the box at the top of the form that shows which year you are amending. Since you can’t e-file an amended return, you’ll need to file your Form 1040X on paper and mail it to the IRS.

According to IRS Topic 653: April 15 is the deadline for most people to file their individual income tax returns and pay any tax owed. During its processing, the IRS checks for mathematical accuracy on your tax return. When processing is complete, if you owe any tax, penalty, or interest, you will receive a bill. Generally, interest accrues on any unpaid tax from the due date of the return until the date of payment in full. The interest rate is determined quarterly and is the federal short-term rate plus 3 percent. Interest compounds daily. In addition, if you file a return but don’t pay all tax shown as due on time, you will generally have to pay a late payment penalty. The failure to pay penalty is one-half of one percent for each month, or part of a month, up to a maximum of 25% of the amount of tax that remains as unpaid from the due date of the return until paid in full.

The one-half of one percent rate increases to one percent if the tax remains unpaid 10 days after the IRS issues a notice of intent to levy property. If you file your return by its due date and request an installment agreement, the one-half of one percent rate decreases to one-quarter of one percent for any month in which an installment agreement is in effect. Be aware that the IRS applies payments to the tax first, then any penalty, then to interest. Any penalty amount that appears on your bill is the total amount of the penalty up to the date of the notice, not the penalty amount charged each month. See Topic 202 for information about payment options.

If you owe tax and don’t file on time, there is a penalty for not filing on time. The failure to file penalty is usually five percent of the tax owed for each month, or part of a month that your return is late, up to a maximum of 25%. If your return is over 60 days late, there is also a minimum penalty for late filing; it is the lesser of $205 or 100 percent of the tax owed unless your failure to file was due to reasonable cause and not willful neglect.

The tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. When you file your tax return, you may either claim the standard deduction or itemize your deductions, whichever lower your tax the most. The standard deduction is a dollar amount that reduces your taxable income. It varies according to your filing status. These are some of the advantages:

* Allows you a deduction even if you have no expenses that qualify for claiming itemized deductions.

* Eliminates the need to itemize deductions, like medical expenses and charitable donations.

* Lets you avoid keeping records and receipts of your expenses in case you’re audited by the IRS. The itemized deductions are eligible expenses that individual taxpayers can claim on federal income tax returns and which decrease their taxable income, and is claimable in place of a standard deduction, if available. Common expenses include:

* Mortgage interest you pay on up to two homes.

* State and local income or sales taxes.

* Property taxes.

* Medical and dental expenses that exceed 7.5 percent of your adjusted gross income.

* Charitable donations you make.

* Miscellaneous deductions such as work-related travel and union dues.

You can get transcripts on the web, by phone or by mail.

* To request transcripts online, go to IRS.gov and use the Order a Transcript tool. Processing Time: 10 calendar days.

* To order by phone, call 800-908-9946 and follow the prompts. Processing Time: 10 calendar days.

* To request a 1040, 1040A or 1040EZ tax return transcript by mail or fax, complete Form 4506T-EZ, Short Form Request for Individual Tax Return Transcript. Businesses and individuals who need a tax account transcript should use Form 4506-T, Request for Transcript of Tax Return. Processing Time: 30 calendar days. If you need an actual copy of a filed and processed tax return, it will cost $57 for each tax year. Complete Form 4506, Request for Copy of Tax Return, and mail it to the IRS address listed on the form for your area. Copies are generally available for the current year and past six years. Please allow 60 days for delivery.

You can quickly check the status of your tax return and refund through “Where’s My Refund?” on IRS.gov. You will be asked for your Social Security number, filing status and exact refund amount. Those without Internet access can access this tool by calling 800-829-1954, 24 hours a day.