Ascension Financial Services

Credentials

FAQs

• What should the customer know about your pricing (e.g., discounts, fees)?
  Prices may be 20 percent lower or higher depending on your unique needs, circumstances and availability. We don't have a one-size-fits-all approach to financial matters. Personal Tax Prep  We competitively offer a simple fee range of $500 to $700 for most personal tax returns. Small biz, rentals and state included.  Small Biz, LLCs, Rentals Tax Prep  Small businesses are commonly reported on your personal tax return on Schedule C. Rental activities are reported on Schedule E. Typical fee range is $500 to $700.  Partnerships, Corps Tax Prep  Fee range is $800 to $1,100 for partnership and corporate tax returns.  Business Formation  We can create a business or corporation for $425 plus the state filing fees. Includes Articles, EIN, Operating Agreement and S Corp election.  S Corp Election  We can convert your existing entity into an S Corp for $375. Even if you are late. Save on self-employment taxes and implement advantageous executive benefits!  Accounting services are subscription based on needs: QuickBooks Online Training QuickBooks Online Setup Free QuickBooks Subscription Monthly bookkeeping & Financial statements You can view our packages on our website
• What is your typical process for working with a new customer?
  We don't often meet with our clients in-person. We are 100% cloud-based. We allow drop-ins, drop-offs, and an initial meet and greet. What I mean is that we don't work in front of our customers. An engagement from start to finish might look like this depending on the service you invite us to provide. Step 1: We will invite you to fill out a brief questionnaire prior to our call. We reserve our time for our current clients. In order to keep your appointment, we invite you to agree to our client duties and responsibilities policy.  Step 2: During the appointment you will have time to ask all your questions learn about your process, and inquire about fees. At this stage we may request certain records. Together we will establish your duties and our duties via contract. Payments may be collected at this point. Step 3: Our team will draft an engagement letter. Together we will sign an engagement agreement for services and/or ongoing support for your needs. Retainer fees will be collected. Work will begin. Our clients - Desire to be educated.  - Want to minimize tax consequences.  - Want to maximize their wealth.  - Want to keep the IRS off their backs. - Thinking about electing S-corporation status.  - Thinking about forming an LLC.  - Thinking about saving money on Self-employment taxes.  - Thinking of setting up retirement schemes and exit strategies for you and your family. You are our ideal customer if you make at least $30,000 net income after expenses or more as a sole proprietorship or Single-member Limited liability company.
• What education and/or training do you have that relates to your work?
  Demonstrated mastery of the Internal Revenue Code laws and policy before the Internal Revenue Service in order to become a federally licensed tax matters expert (EA) • Represent corporations, estates, trusts, non-profits and other taxpayers before the IRS for audits, appeals and collection issues • Prepare tax returns forms for various entities (1120,1120S, 1041, 706, 5500, 1040, 1065, 990) • Manage the full-charge bookkeeping and financial modeling for small businesses • Prepare financial statements in accordance with GAAP using Xero Accounting and QuickBooks Online • Prepare various financial reports for tax compliance, internal reports and external stakeholders • Provide virtual CFO and financial planning and advisory services as a business advisor Notary Public Real Estate Closing Agent