FAQS:
Q: What can AT&A American Tax and Accounting Services, Inc do for my Company?
A: Depending on your needs, we can assist you with a wide range of services. We look at the bigger picture and become part of the team working with you towards the success of your business. All client relationships begin with an interview where we discuss together the plans for the company, the successes you have had as well as the challenges. We then work together to identify the areas of service that AT&A American Tax and Accounting Services, Inc can deploy to best help you meet your goals, ensure the continuation of your success and navigate your challenges.
Q: Is my company too small to benefit from accounting services?
A: The need for good accounting management is not a function of size. Small companies as well as large ones benefit from the accounting service. But small companies usually don’t need these services on a regular day-to-day basis. That’s one of the reasons AT&A American Tax and Accounting Services, Inc was founded; to provide a way for companies of all sizes to get the accounting management they need, as they need it, without the cost of a full-time employee.
Q: How do you bill for your services?
A: AT&A American Tax and Accounting Services, Inc's fees are based on the complexity of the work andthe time required to perform the services we provide. We prepare detailed invoices on a monthly basis listing the services provided and the subsequent fee associated with each of those services. Payment is due upon receipt. To avoid misunderstandings, we will issue an engagement letter based on our first meeting. The engagement letter describes, in detail, the services to be rendered, fee ranges and the other terms and conditions of the engagement. Although we do not enter into retainer arrangements, in certain cases, we will establish a monthly plan so that clients can effectively budget the cost of services as related to a large ongoing project.
Q: What should my business expect to pay over a given year for your services?
A: Each and every business is unique and we treat you as such. We do not provide any cookie-cutter or boxed service. Since our services are specifically tailored to the client the annual cost varies. Please contact us to discuss your particular needs and what you can expect in terms of estimated financial investment.
Q: What is the difference between a Controller and a CFO (Chief Financial Officer)?
A: The controller is an experienced accountant that is responsible for making sure the company’s transactions are properly recorded and that financial statements are generated every month. The controller books the past.
A CFO takes accounting results to the next level. While a controller fully understands accounting and accounting systems, a CFO will take a more forward look at business by projecting, forecasting, managing cash flow, and planning for future growth.
The CFO manages the controller and is also responsible for the overall financial health of the company. In addition to supervising the controller, the CFO is responsible for treasury functions (cash), financing (debt), information technology, legal, external accountants, and provides critical financial guidance to the CEO/Owner.
For our smaller clients, one of our experienced consultants can handle both roles.
Q. What is an enrolled agent?
A. Enrolled agents (EAs) are America’s tax experts. EAs are the only federally-licensed tax practitioners who specialize in taxation and also have unlimited rights to represent taxpayers before the Internal Revenue Service.
An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a stringent and comprehensive examination covering individual and business tax returns and representation of clients before the IRS or through experience as a former IRS employee.
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