1. What are my main financial goals?
- A. Lowering tax liability, improving cash flow, staying compliant, or growing my business?
2. What challenges am I facing with my finances?
- A. Messy books, tax planning, payroll issues, IRS concerns, or time constraints?
3. Do I need help with tax preparation, bookkeeping, or both?
- A. Understanding whether you need ongoing bookkeeping, just tax filing, or year-round financial guidance.
4. What income sources do I need to report?
- A. Wages, self-employment, rental income, investments, or side businesses?
5. What deductions and credits might apply to me?
- A. Business expenses, home office, education credits, retirement contributions, etc.?
6. Do I need to make estimated tax payments?
- A. If you’re self-employed or earn income without tax withholding, should you be paying quarterly?
7. Am I properly tracking tax-related documents?
- A. Do I have W-2s, 1099s, receipts, and other important records organized?
8. Do I need help with IRS notices or past-due returns?
- A. If you have back taxes, penalties, or audits, what’s the best way to resolve them?
9. What’s my budget for bookkeeping or tax preparation?
- A. Understanding what services I can afford and the ROI of outsourcing financial management.
10. What questions should I ask my tax preparer or bookkeeper?
- A. Their experience, fees, software used, communication style, and how they can help my unique situation.