FAQs
- What should the customer know about your pricing (e.g., discounts, fees)?
Business Formation $650 includes Acquiring EIN, Opening States Revenue, and States unemployment account. Basic Bookkeeping Monthly financial record keeping, account reconciliation $300 per month (650$ QuickBooks Set up fee waiver) Advanced Bookkeeping Includes financial analysis and monthly financial reports $500 per month (650$ QuickBooks Set up fee waiver) Payroll Processing Processing payroll for employees, including tax filings $150 per month + $10 per paystub (550$ Payroll Set up fee waiver, Payroll Program Software fee not included & affordable fee schedules for more than 5 employees) Tax Preparation Individual Tax Returns Preparation and filing of individual federal and state tax returns Starting at $200 Business Tax Returns Preparation and filing of business federal and state tax returns Starting at $600 Tax Planning Year-round tax planning and strategy consultation $150 per hour Consulting Financial Consulting Strategic financial planning and advisory services $200 per hour Business Advisory Business performance improvement and growth strategies $250 per hour Mergers & Acquisitions Advisory services for mergers, acquisitions, and corporate restructuring $300 per hour QuickBooks Setup & Training QuickBooks setup and training for staff $400 one-time setup + $100 per training session Financial Statement Preparation Preparation of financial statements for internal use $600 per statement Cash Flow Management Monitoring and managing cash flow to ensure liquidity $150 per hour Virtual CFO Services Part-time CFO services for strategic financial management $1,500 per month
- What is your typical process for working with a new customer?
Working with a new customer at an accounting firm typically involves a structured process to ensure that both parties have a clear understanding of the services to be provided and the expectations. Here is a typical process: 1. Initial Consultation Objective: Understand the client's needs and assess how the firm can help. Meeting Setup: Schedule an initial consultation (can be in-person, over the phone, or via video call). Discussion: Discuss the client's business, current financial situation, pain points, and specific needs. Information Gathering: Collect basic information about the client’s financial history, current accounting practices, and specific requirements. 2. Needs Assessment and Proposal Objective: Provide a tailored service plan and agreement. Analysis: Analyze the information gathered during the initial consultation. Service Recommendations: Recommend specific services that align with the client's needs (e.g., bookkeeping, tax preparation, financial consulting). Proposal: Prepare a detailed proposal outlining the scope of services, pricing, timeline, and deliverables. Agreement: Draft a formal engagement letter or contract that includes all terms and conditions. 3. Onboarding Objective: Set up systems and ensure a smooth transition. Data Collection: Gather all necessary financial documents and information from the client (e.g., past financial statements, tax returns, payroll records). System Setup: Set up or integrate accounting systems (e.g., QuickBooks, Xero) if required. Client Portal Access: Provide access to any client portals or software the firm uses for collaboration and document sharing. Training: Offer training sessions for the client’s team if needed (e.g., using new software). 4. Service Delivery Objective: Deliver ongoing services as agreed. Regular Communication: Maintain regular communication with the client through scheduled meetings, emails, or calls. Monthly/Quarterly Reviews: Provide monthly or quarterly reviews of financial performance, depending on the service agreement. Reports and Updates: Send regular financial reports, tax filings, or other deliverables as per the contract. Feedback Loop: Continuously seek feedback from the client to improve service delivery. 5. Continuous Support and Advisory Objective: Ensure client satisfaction and provide ongoing advisory. Proactive Advice: Offer proactive financial advice and insights based on the client’s financial data. Year-End Preparation: Assist with year-end financial tasks, including preparing for audits (if applicable) and closing books. Tax Planning and Filing: Provide ongoing tax planning advice and ensure timely tax filings. Growth Strategy: Help the client with strategies for financial growth and efficiency. 6. Review and Adjustments Objective: Review the relationship and make necessary adjustments. Annual Review: Conduct an annual review meeting to evaluate the past year’s performance and discuss goals for the next year. Service Adjustment: Adjust the scope of services as needed based on the client’s evolving needs. Contract Renewal: Discuss and renew the engagement contract if necessary, incorporating any new terms or services. This structured process helps ensure that both the accounting firm and the client have clear expectations and that the services provided effectively meet the client's needs. Regular communication and feedback loops are critical to maintaining a successful long-term relationship.
- What education and/or training do you have that relates to your work?
Our team has 3 Certified Public Accountants. (CPA) 1 Enrolled Agents (EA) who continuously do training for new regulation & systems. We have team members who can speak English, Korean, Japanese, Mandarin