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Frequently Asked Questions

FAQs

We offer comprehensive tax preparation services for individuals, businesses, and nonprofits. This includes tax planning, filing federal and state tax returns, and maximizing deductions and credits.

Auditing is a systematic examination of financial records, statements, and processes to ensure accuracy, compliance, and integrity. It’s crucial for verifying financial information and providing assurance to stakeholders.

We offer full-service accounting and bookkeeping, including financial statement preparation, reconciliations, budgeting, cash flow management, and compliance with accounting standards.

Yes, we provide payroll processing services for small businesses, including payroll calculation, tax withholding, direct deposit setup, payroll tax filings, and compliance with labor regulations.

To prepare for your tax appointment, gather all relevant financial documents, such as W-2s, 1099s, receipts for deductible expenses, and previous tax returns. Organizing these documents will help streamline the process and ensure accurate filing.

Tax planning involves proactive strategies to minimize tax liabilities and optimize financial outcomes, while tax preparation focuses on completing and filing tax returns based on the current tax laws and regulations.

Yes, we offer representation and assistance during IRS audits, helping clients navigate the audit process, respond to inquiries, and resolve tax issues effectively.

It’s recommended to review your financial statements regularly, such as monthly or quarterly, to monitor financial performance, identify trends, and make informed business decisions.

We use industry-standard accounting software like QuickBooks, Xero, or Sage to streamline financial processes, ensure accuracy, and provide real-time insights into your business finances.

Yes, we offer tax planning services to help clients optimize retirement savings strategies, such as contributing to retirement accounts like IRAs, 401(k)s, and pension plans while minimizing tax liabilities.

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FINANCIAL DISCLAIMER:
The information contained on this website is presented for informational and marketing purposes only and is not to be understood as financial advice. You should consult with a representative from Goodfellow & Company CPA, Inc.  for further information, the mere act of contacting Goodfellow & Company CPA, Inc. does not create a client relationship. As a result, you should never send any confidential information to our office until representation or client relationship has been established.