The first thing is to Schedule a Bookkeeping Consultation. During that call we will let you know exactly what we need from you to get started with your services. Common documents needed are: Articles of Organization/Incorporation, EIN Number, Business Bank Statements, Loans Statements/Balances & any financial statements.

We have over 3 years experience working with service-based small businesses. Our clients range from: Real Estate Agents, Estheticians, General Contractors and more +

Working with an experienced bookkeeper is important so that you get clear financial reports and know exactly where your money is coming from and where it’s going. Running a small business can be challenging, and when you add the stress of running payroll, categorizing expenses and preparing for tax time, the anxiety can be overwhelming. Quality bookkeeping can help you improve your profits, and save you time so that you focus on what truly moves you: your services or products!

Besides it being a requirement for small businesses per IRS (Pub. 583) Monthly Bookkeeping comes with many benefits including: Making better financial business decisions, discovering discrepancies, avoiding underreporting, overreporting, avoiding penalties, etc.

Absolutely! We are currently serving clients all over the US. We provide all our services remotely using several secure cloud-based platforms. We are based in Arizona but can provide service to anyone in the country.

As member of the QuickBooks Online ProAdvisor Program, we exclusively use QuickBooks Online to handle all your business bookkeeping needs. Don’t have a subscription? No worries – we can offer a discounted subscription rate!

Our Founder Diego is experienced in the tax & accounting field. His experience comes obtaining a few degrees in the accounting field and becoming an Enrolled Agent (The highest credential awarded by the IRS), he is also a Quickbooks Online ProAdvisor. Precise Accounting is also known in the industry for going above and beyond for their clients.

An enrolled agent (EA) is a federally licensed tax professional with the highest credential awarded by the IRS. Becoming an EA requires passing a rigorous three-part exam covering all aspects of federal tax law and representation. EAs are experts in taxation and are authorized to represent taxpayers before the IRS for audits, collections, and appeals.

Most individuals and businesses with income are required to file a tax return. Specific filing requirements depend on factors like income level, filing status, and age.

Yes! Ordinary and necessary expenses related to your business operations, such as office supplies, travel, and marketing, may be deductible.

Keep detailed records of deductions and credits, contribute to retirement accounts, and work with a professional to identify all eligible tax benefits.

If you can’t pay in full, file your return on time to avoid late filing penalties. The IRS offers installment plans and other payment options.

If you’re self-employed or your income isn’t subject to withholding (like investments or rental income), you may need to pay quarterly estimated taxes to avoid penalties.

For individuals: Federal income taxes are generally due by April 15, unless it falls on a weekend or holiday.
For businesses: Partnership and S-corporation returns are due by March 15, while C-corporation returns are due by April 15. Extensions are available for all types of returns.

Keep organized records, report all income, and consult with a professional to ensure accuracy and compliance.

You’ll typically need W-2s, 1099s, mortgage statements, proof of deductions (like receipts or donation records), and any other relevant financial documents.

The Beneficial Ownership Information (BOI) reporting requirement is a federal mandate that applies to most active small businesses. It requires companies to report information about their owners and key decision-makers to FinCEN (Financial Crimes Enforcement Network). This is part of the Corporate Transparency Act, aimed at combating fraud and financial crimes.

Failing to file a BOI report or submitting false information can result in hefty fines and penalties, including up to $591 per day of non-compliance and potential criminal charges.

For companies formed on or after January 1, 2024, the BOI report must be filed within 90 days of formation. For existing companies formed before 2024, the deadline is January 1, 2025. Filing on time is essential to avoid penalties.

Absolutely! We can guide you through the BOI filing process to ensure compliance, whether you’re forming a new business or updating existing information.