FREQUENTLY ASKED QUESTIONS
Be In The Know
We’ve done our best to inform all of our clients and prospective clients to the best of our ability. If you still have questions, don’t hesitate to ask. Your satisfaction is our priority, and we are here to resolve all of your accounting, tax planning and compliance issues. Read some commonly asked questions below and contact us to see how we can help.
WHAT ARE YOUR SERVICE FEES?
Our fees vary depending on your specific situation. We will access your unique set of issues on a case by case basis. Our fees will be determined based on the complexity and type of service you require. We offer free initial consultations and provide an estimate of the services and scope of the engagement prior to starting any work. Please feel free to contact us anytime with questions or concerns.
WHAT ARE THE DIFFERENCES BETWEEN AN ACCOUNTANT, A CPA AND A BOOKKEEPER?
An accountant and a Certified Public Accountant (CPA) are both accounting professionals who can perform similar functions. The main distinction is that a CPA is certified to provide certain services as an external auditor, such as offering opinions on tax issues and financial statements. A bookkeeper, on the other hand, typically handles complex accounting issues, such as reconciling bank accounts, preparing financial records, and auditing and entering transactions. Bookkeepers are not certified, but have extensive knowledge and experience in these areas. At Carlyle Tax we have all three professions and offer services based on your specific needs.
HOW LONG SHOULD I KEEP MY TAX RECORDS FOR?
The Internal Revenue Service recommends that individuals keep all of their tax records for at least three years after filing their taxes. Some documents should also be kept for longer, such as records related to property or business income, which need to be kept for seven years. It is always best to consult a tax professional to determine the exact length of time required. Our qualified team at Carlyle Tax is able to assist you with making that determination along with the strategic and planning aspects of taxation.