Frequently Asked Questions (FAQ)
Our bookkeeping software, along with our team of professionals, manages the majority of the tasks, simplifying the bookkeeping process for you. Nevertheless, there are specific aspects of your business that only you can supply, such as uploading particular documents and providing context for transaction categorization. Each month, we may reach out to you to confirm the accuracy of your records and to ensure that your deductions are optimized.
Linking your accounts to All Book Keeping And Taxes streamlines repetitive activities such as data entry, thereby saving both time and effort. This process removes the necessity for manual uploads, allowing your data to be reflected in your account immediately. Consequently, your bookkeeping team can operate more effectively, maintain current records, and maximize the benefits of the service.
Timely responses are essential for your bookkeeping team to maintain up-to-date records and prevent any delays. By prioritizing this, you can ensure a smooth tax season and gain access to real-time financial insights, enabling you to make well-informed and significant decisions for your business.
At times, it may be necessary for us to request supplementary documents, including account statements or receipts, to verify the accuracy of the information we possess. The process of sharing files with your bookkeeping team is straightforward and efficient—simply upload the document, and we will take care of the remainder.
A tax audit is a process where the IRS examines financial information to ensure that a person or corporation has accurately reported and paid their taxes. The IRS may select cases randomly or if there are odd deductions or income on the tax return.
During an Audit, our team will check your records, talk to tax authorities, and offer expert advice. We manage questions, explain results, and create a plan to keep you compliant and reduce penalties, making everything easier for you.
Your tax team can help with many income tax-related inquiries! Here are some examples:
What does the letter from the IRS mean? Do I need to make quarterly tax payments? Should I incorporate my business? Is it better to write off mileage or purchase a business vehicle? Would it be wise to switch to an S corp?
All Bookkeeping And Taxes Tax Advisors are available year-round and will answer your questions within two business days. If you don’t have any urgent questions, that’s okay! We’re still here to support you and can provide recommendations based on your unique business situation.
Yes, you can book your tax advisor any time of the year. We recommend scheduling quarterly check-ins in advance to make sure you get an appointment, as their schedules can get crowded. During the peak tax season, they focus mainly on tax returns, which can make it difficult to find open times. If you have urgent questions and can't find a suitable appointment, just email your tax advisor, and they will get back to you within 2 business days.
Yes, every All Bookkeeping And Taxes Tax Advisor is licensed and meets IRS standards. Although the types of licenses may differ—like CPAs, IRS Enrolled Agents, and Tax Attorneys—they all have equal authority for Tax Preparation according to the IRS.
Yes, we will handle your tax preparation and filing as part of our Bookkeeping & Tax plan!
After your bookkeeper finishes your year-end financials, your Tax Coordinator and All Bookkeeping And Taxes Tax Advisor will manage the preparation, review, and filing of your income tax return. We will contact you for approval once it’s ready. Then, we will file your taxes and take the necessary funds from your account to pay any taxes owed.
In addition, we offer year-round tax advisory services to help reduce stress outside of tax season. Our licensed tax professionals are here for all your tax planning needs, ensuring that no deductions are overlooked with regular check-ins throughout the year.
You can check your project's progress in the client portal. It shows if the project is on hold, not started, in progress, canceled, or completed.
You’ll notice most tasks in the notification center when your bookkeeping team begins their work on your finances. However, we do accuracy reviews at different points, so tasks for older transactions might pop up even after you’ve provided your input for a month. This way, we can optimize your deductions and keep everything in line with IRS rules.
After you sign up, we will call you to discuss your business and bookkeeping needs. During this call, we will link your accounts to All Bookkeeping And Taxes and collect any additional documents needed to finalize your books.
Once everything is ready, we will handle a month of your bookkeeping. Our team will reconcile your accounts, sort your transactions, and make any needed changes. In the end, you will receive accurate financial statements, including an income statement and a balance sheet.
Absolutely! You can include any amount of catch-up bookkeeping in your All Bookkeeping And Taxes plan. No matter how long you've been behind (even if it's years), we can help you catch up fast. If you're several years overdue on your bookkeeping and tax filings, our Catch Up Bookkeeping service can get you sorted.
Your bookkeeper manages your accounts, sorts your transactions, and creates your financial reports. They also adjust your records to keep them tax-compliant. Sometimes, they may ask for your help with categorizing a transaction, but we aim to make bookkeeping easy for you.
You can reach out to your bookkeeper anytime by booking a call or sending a message. There are no extra fees for support—we love discussing bookkeeping and your financial reports.
Bookkeeping is about recording daily transactions in a regular manner, which is crucial for a thriving business. Bookkeepers handle routine financial tasks like entering credits and debits, maintaining the general ledger, and processing payroll.
Accounting is a higher-level function that uses the financial data collected by bookkeepers or business owners to create financial models and reports.
Yes! Our Bookkeeping and Tax plan provides personal federal and state income tax filings for sole proprietors. For S-corps, C-corps, and partnerships, you can add personal filing for one partner or shareholder for $59 per month.
We will take care of most of your bookkeeping needs. But we will need your help to gather statements and to answer any questions that may arise.
The key thing for us is to complete your books accurately. You can upload any number of documents needed to ensure everything is in excellent shape.
Your chats on the All Book keeping And Taxes platform are very safe. We focus on keeping your financial information secure, so your conversations are well protected.
No, there is no extra charge for the help you get from your bookkeeping team via messages or calls. You can ask questions or seek advice anytime—it's all part of your All Book keeping And Taxes.
You can check your project's progress in the client portal. It shows if the project is on hold, not started, in progress, canceled, or completed.
Your bookkeeping team works to respond to messages within one business day, making sure you get quick assistance throughout the year.
Accessing and sharing your financial reports is straightforward with All Book keeping And Taxes. Simply log into your dashboard to see and download your reports at any time. You can share them easily with banks, investors, or anyone else who requires them.
Yes, it is possible to take action from the notification center. By clicking on a notification task, you will be directed to the area where your input is needed, making it simple to complete your tasks.
We work with businesses that need to file overdue taxes, are shutting down, applying for loans, or need to catch up on years of bookkeeping.
After we receive all your documents, it will take about 10-30 business days to prepare your books for daily decisions. As the year goes on, if we discover new details about your financial situation, like loans or new accounts, we may need to adjust previous months. During tax season, we often make final adjustments to ensure your books meet IRS requirements. These updates will be included in your year-end financial report. If you have a specific deadline, please inform your bookkeeping team, and they will try to meet it, provided we have all the necessary information.
After we receive all your documents, it will take about 10-30 business days to prepare your books for daily decisions. As the year goes on, if we discover new details about your financial situation, like loans or new accounts, we may need to adjust previous months. During tax season, we often make final adjustments to ensure your books meet IRS requirements. These updates will be included in your year-end financial report. If you have a specific deadline, please inform your bookkeeping team, and they will try to meet it, provided we have all necessary information.
You will have a bookkeeping team made up of three trained bookkeepers, including a senior bookkeeper who checks all your monthly statements and your Year End Financial package. We aim to keep you with the same team you start with. If there are any changes, we will inform you quickly and ensure a smooth transition. Your All Book keeping And Taxes Tax team includes a All Book keeping And Taxes Tax Coordinator and a All Book keeping And Taxes Tax Advisor.
Our bookkeepers are dedicated professionals located in North America, serving as the main contact for each customer. The support team for these members are offshore. What sets All Book keeping And Taxes apart is our mix of personal interaction and modern technology. Our in-house team uses machine learning to efficiently process extensive financial data, allowing us to close your books more quickly and accurately.
We serve over 100+ Satisfied Customers across the United States.
We’ve been in business since 2024.
It’s simple! You refer a friend, they save money, and you earn cash. Here is the step-by-step process:
- Step 1 (Register): Sign up at www.allbookkeepingandtaxes.com/signup to get your Client Portal. You don’t need to buy any service to be a referrer.
- Step 2 (Refer): Ask your friend to use your Registered Email Address at checkout when they buy services worth $25 or more.
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