Frequently Asked Questions
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One may believe that any company is a good fit in a business partnership. Streamlined Business Solutions believes that we attract specific clients - those who want to grow in their business! Taking on your business and understanding its' financials is no easy task - It takes commitment, understanding and requires tough decisions to be made at given points. We attract talented clients, just like we hire talented staff. Are you ready to take on your business?
The work is completed at our office in Arizona. We use Quickbooks Software, no online versions - for various reasons. We will work with you and/or your assistant to obtain all information needed.
Start Now! Pick up the phone and give us a call. Each situation is different, and we can help get your company accurately caught up. We will gather the necessary information to get you tax prepared. Not knowing is an unfortunate place to be, turn over a new leaf and let us help you get it done!
Yes, first thing you need to do is separate your personal life from your business. File any necessary paperwork with the State Corporation Commission & the IRS. Find a business banker that will help you open a business savings & checking account. If you have no experience in keeping track of your revenue and expenses - look for a book or seek help from a professional in the business. Setting your business up correctly from the start will save you from headaches in the future. Also, think BIG - you may not need payroll today, but take the necessary steps so it is ready when you are.
Yes, call a different bookkeeping company. We would be providing a dishonest service if we did not give you accurate financials. Without accurate financials, how can you then make better business decisions?
There are many common occurrences, and the most significant one is paying more taxes due to laziness. If your company is handing your CPA a spreadsheet instead of a Quickbooks file, how can you be 100% sure you've acknowledged every business expense? How can your CPA be sure that a bank deposit was truly not Earned Revenue and actually Additional Capital?
Streamlined Business Solutions is your solution for data entry, bookkeeping, payroll, financial reporting and general day-to-day operations. We help you run your business throughout the year. A CPA is an individual that takes the information from our team to file your annual taxes. We recommend you also speak with your CPA mid 3rd Quarter to begin tax planning for the upcoming year. If you are looking for a one-stop shop, we have Streamlined Tax Solutions that provide these services.
There is no one answer to this question as it truly depends on how your company is set up and the purpose of the vehicle. If you choose to pay your fuel charges out of your business account, your CPA may decide at year end to use a mileage deduction instead. This is a question you want to have with your CPA.