Accounting Lifecycle
Throughout the accounting lifecycle, we ensure you’re informed at every stage, so you always know what’s happening with your finances. Our transparent approach means you won’t need to ask — each step should be clear and easy to understand!
MONTHLY BOOKKEEPING
This is crucial. Everything builds off of the information in this step.
QUARTERLY CALCULATIONS
We use the bookkeeping to calculate the Estimated Tax Payments you need to be making to ensure penalties are not assessed.
TAX PROJECTIONS & STRATEGIES
Bookkeeping and Estimates are used to annualize and calculate the tax due the following April. Strategies are put into place to legally minimize taxes.
YEAR END CLOSE
Books are reviewed once again. W-2s are issued and 1099’s for contractors are sent out.
TAX RETURN PREP
Books are used to prepare tax returns. Please see the next section for more on this process.
Tax Return Process
We've designed our tax return process to be straightforward and transparent. At each step of the process, we keep you informed so you know exactly what’s happening and why.
ORGANIZERS SENT
Checklists and Questionnaires have been uploaded for your completion in your client portal.
RECEIVED
We have received your source documents and you are now in the queue for completion.
STARTED
Our staff has begun preparing your return. We will let you know of any questions we have.
WAITING ON CLIENT
We are waiting on you to answer our questions / provide additional documentation.
READY FOR REVIEW
The return has been prepared and is awaiting partner review.
AWAITING SIGNATURES
Returns are completed and have been sent for your review and Efile Authorization.
EFILE TRANSMITTED
We have submitted your return(s) to the taxing authorities and are awaiting their acceptance.
ACCEPTED
The taxing authorities have accepted your returns.
COMPLETED
Invoices for return completion have been emailed.
