We find that many of our customers and potential customers have the same questions about our services. We’ve provided answers to some of the most frequently asked questions below.
How do you price your services?
The price of our services depends on the amount of time that needs to be dedicated to a project as well as the level of complexity. Thus, projects that take more time and require the expertise of a more experienced and highly trained staff member will cost more.
How long does it take to prepare a tax return?
The time it takes to prepare a tax return varies depending on the level of complexity and whether or not we have all the information necessary to complete the return and what format that information is in. The more organized your information is and the faster you get it to us, the faster your return will be ready.
What happens if my return is audited?
The first thing you should do is bring the letter from the IRS notifying you that you are being audited to our office. At that point, you have two options. One option is to give us power of attorney and we can take care of everything related to the audit for you. The other option is for us to assist you in an advisory role as you go through the audit.
What is a tax notice, and what should I do if I receive one?
A tax notice is a letter sent by the IRS notifying you that there is a discrepancy in your tax return, usually due to items that are missing (such as income that is not reported). A tax notice may or may not result in an audit. In some cases, it simply requires a letter of explanation be sent to the IRS. If you receive a tax notice, you should bring it to our office right away so that we can advise you of the appropriate course of action.
Can you prepare state income tax returns for other states besides Virginia?
Yes, we can prepare tax returns for any state in the U.S. There is an additional fee for each state return that we prepare for you.
Why should I have a CPA firm prepare my tax return instead of using "do-it-yourself" software or a seasonal tax preparation service that only operates a few months a year?
CPAs are highly trained and experienced professionals who can advise you about how current tax laws apply to your unique financial situation, and also help you with tax planning. Software doesn’t do this, and many tax issues are beyond the scope of what employees of seasonal tax return services are trained to handle.
If I have a business or financial problem that requires assistance beyond that which a CPA can provide, can you recommend other professionals that can help me?
Yes—we have relationships with many highly qualified local professionals (such as financial advisors, attorneys, etc.) and can provide a referral.