Frequently Asked Questions

---

An Enrolled Agent (EA) is a tax professional who is authorized by the U.S. government to represent taxpayers before the Internal Revenue Service (IRS). Enrolled Agents have the right to practice and appear on behalf of taxpayers in various tax matters, including audits, appeals, and collections.

To become an Enrolled Agent, individuals must pass a comprehensive three-part examination administered by the IRS, which covers individual and business tax returns, as well as representation, practice, and procedures. Alternatively, individuals can qualify if they have relevant experience working for the IRS.

Enrolled Agents are tax specialists with expertise in tax planning, preparation, and representation. They are not limited to a specific state or locality, allowing them to practice nationwide. Enrolled Agents are often employed by accounting firms, work independently, or provide tax consulting services to individuals and businesses. Their primary focus is on federal taxation, and they play a crucial role in helping taxpayers navigate the complexities of the U.S. tax system.

 A Fractional CFO is a financial professional who provides part-time or temporary Chief Financial Officer services to companies that don't need or can't afford a full-time CFO. They help with strategic financial planning, budgeting, and financial analysis.

 Fractional CFOs can provide a wide range of services, including financial analysis, forecasting, cash flow management, financial reporting, fundraising assistance, and financial strategy development. 

 A Fractional CFO works on a part-time or as-needed basis, while a traditional CFO is a full-time employee. Fractional CFOs are often more cost-effective for small and medium-sized businesses.

 Bookkeeping is the process of recording and organizing financial transactions for a business. It's crucial for maintaining accurate financial records, preparing tax returns, and making informed financial decisions. 

 A Fractional CFO and Bookkeeping company typically offers services like transaction recording, bank reconciliation, accounts payable and receivable management, financial statement preparation, and expense tracking. 

 Fractional CFO services can help your business make informed financial decisions, improve profitability, and plan for growth. Bookkeeping services ensure that your financial records are accurate and up-to-date, reducing the risk of errors and financial mismanagement. 

 Many Fractional CFO and Bookkeeping companies work with businesses of various sizes, from startups to established enterprises. They tailor their services to meet the specific needs of each client. 

 Reputable Fractional CFO and Bookkeeping companies use secure software and protocols to protect financial data. They may also have confidentiality agreements in place to safeguard sensitive information. 

Prices vary based on the scope of work and the size of your business. Some providers charge hourly rates, while others offer fixed monthly fees. It's essential to discuss pricing during initial consultations. 

As an Enrolled Agent, I am well-equipped to assist with tax planning and compliance. With my extensive knowledge of tax laws and regulations, I can provide strategic tax planning advice to help individuals and businesses minimize their tax liabilities legally. Additionally, my expertise allows me to ensure compliance with the ever-changing tax laws, helping clients navigate complex tax codes and meet all filing requirements. 

 To get started, simply contact us to discuss your needs, and set up an initial consultation. We will assess your requirements and provide a customized plan for your business. 

 It's essential to inquire about the qualifications and experience of the professionals who will be working with your business. They should have relevant financial certifications and a track record of success in their field.