Answers to our most frequently asked tax and business service questions.
Tax Questions
Q: Can you deduct fees for tax preparation?
A: Tax preparation fees on the return for the year in which you pay them are a miscellaneous itemized deduction and can no longer be deducted. These fees include the cost of tax preparation software programs and tax publications. They also include any fee you paid for electronic filing of your return.
Q: Do you handle sales tax?
A: Yes! Our business services include sales tax preparation to make sure you are compliant with all US Sales Tax requirements.
Q: Do you only handle local clients?
A: No, we are able to offer bookkeeping, tax preparation, and other business services virtually to our clients, regardless of location.
Bookkeeping Questions
Q: Do I need a bookkeeper and an accountant? What is the difference?
A: Great question! Our tax and accounting team focuses more on big-picture numbers, making sure that your overall income and expenses make sense in the context of your business. Our bookkeeping services specifically deal with maintaining accurate records of your business expenses and income! These two services work together to make sure everything is done right, the first time.
Q: Do I need to do anything with my books before WBT takes over?
A: Nope! We have it handled. We will need some information including financial statements and access to your previous accounting software, if applicable. We’ll assess your books and let you know if we need any more specifics.
Q: Do you only handle local clients?
A: No, we are able to offer bookkeeping, tax preparation, and other business services virtually to our clients, regardless of location.
Payroll Questions
Q: What is the benefit of hiring WBT to handle my payroll?
A: When we handle payroll, you don’t have to worry about a thing! Our services include paycheck processing and deductions, direct deposits, and payroll tax filing.
Other Questions
Q: What are your rates and how do you bill?
A: For ongoing service (such as bookkeeping and business service), we bill a flat monthly rate customized to our clients’ needs and services. One-time project work is billed hourly. Tax return fees vary based on forms and schedules needed. For quotes on any of our services, please schedule a free, no-pressure consultation!
Q: Do you offer any other services?
A: We do! In addition to translation services (English to Spanish, Spanish to English), we also offer Notary Public services, basic copying and printing, AND Social Media Marketing and Management services.
Contact Us
If your question wasn’t answered here, please reach out to us so we can help.