Frequently Asked Questions
how do i know if i should hire an accountant or bookkeeper?
Running a business is a complex task, and keeping the financial side of things organized is crucial to success. While you might be tempted to handle the numbers on your own, hiring an accountant (or even a bookkeeper) can save you time, money, and stress in the long run. If this is what you need, you should consider hiring or doing a trial with a bookkeeper or accountant.
- Expertise and Accuracy: Accountants are trained to manage and understand financial systems, ensuring your records are accurate and compliant with tax laws. Our expertise reduces the risk of costly mistakes.
- Time Savings: Managing finances can take up valuable time that you could spend growing your business. An accountant frees up your schedule by handling tasks like bookkeeping, tax filings, and financial reporting.
- Financial Strategy: We accountants don't just crunch numbers—we provide valuable insights into your financial health. We can help you create strategies for improving cash flow, saving on taxes, and planning for future growth.
- Stress Reduction: With an accountant on your team, you don't have to worry about meeting deadlines or navigating complex tax laws. Our guidance gives you peace of mind and allows you to focus on what you do best—running your business.
In short, hiring an accountant or bookkeeper is an investment that can help your business thrive by keeping finances in check, minimizing risk, and providing strategic insights. The monthly investment is worth what you save or gain on the backend.
What are my options for raising money?
Get some impartial advice from an accountant before you consult the bank. A bank will want to see a strong business plan and organized records. Additionally, at The Tax Tailor, we have resources to private funding we can refer you to that do not require us to be "the middle man," -the relationship is strictly between you and the lender. Let us help you get ready for your business's next step!
What is your usual turnaround time for tax prep?
At The Tax Tailor, we pride ourselves on quick and efficient service. Our usual turnaround time for tax preparation is within 48 business hours after receiving both your tax documents and payment -whichever happens last, and depending on the complexity of your return. Please note that our office is open Tuesday to Saturday and closed on Sunday and Monday. We aim to provide timely, accurate returns, and we're here to assist you every step of the way!