FAQ

Through our years of servicing clients BGA Accountables has encountered questions that people have continuously asked. What follows are some frequently asked questions from our clients:

Tax Preparation:

1. What can I do to minimize my income tax liability?
2. Is it a good idea to do your own taxes or should one use a tax professional?
3. Is there a limit to the number of write-offs I can have?
4. Can I claim my college student? What about my parents?
5. Can I claim my home as a business expense?
6. Is there a penalty for filing my income taxes or paying my income tax liability late?

Personal Financial Planning:

1. Who is personal financial planning for and why should I have one?
2. How much money do I need to make before I employ a personal financial planner?
3. What areas are involved in financial planning?

Small Business Bookkeeping:

1. What records should I keep?
2. Is there a standard way that records should be kept?
3. Can we legally employ our children?
4. How can my business avoid being audited by the IRS?
5. Is it a good idea to do our own bookkeeping or should we hire somebody else?

Payroll Services:

1. What is the advantage to contracting our payroll function out?
2. What does your payroll service consist of and is it complete?
3. What are the options in transmitting our payroll data to you?
4. How many employees do we need to have to use a payroll service?

If these are questions you have had as an individual or small business owner then Accountables would love to talk to you about your options and answer these questions and other questions you may have.