FAQs

Personal Tax FAQs

  • Absolutely! No matter how mild or complex your tax situation is, we can help. Having an expert review your tax return is highly recommended. Many of our clients choose Affable because they don’t have the time or comfort level to prepare their taxes on their own.

  • Yes, we can! A majority of the time, business and personal tax returns are analogous. Our tax planning strategies are tailored to your unique situation, ensuring we maximize savings and deductions by preparing your personal and business returns.

  • Absolutely! We’ll file your outstanding tax returns for you and engage with the IRS and state tax authorities on your behalf to reduce any fines and penalties allowed by the law

  • Certainly! We have experts that will work on you getting the most positive outcome possible. In addition, we will communicate directly with the IRS or state on your behalf, so you don’t have to worry about taking time out of your busy schedule to get your situation resolved

  • Not at all! We understand that your time is infinitely valuable. Our entire process can be done virtually. Any document that we will need you to sign can be completed electronically.

  • The short answer is no. A years worth of planning cannot be diluted into one hour. We prepare your returns thoroughly to ensure accuracy. We then perform quality and strategic reviews to ensure you get the best possible outcome. This cannot be done in one sitting. We value your time and understand you have other commitments. You can rest assured you’re in great hands.

  • Our experts understand that your situation is exclusive. We serve a wide variety of industries and you can rest assured we understand your business and your situation.

  • While the crypto trading market is relatively new, our experts are highly proficient in new tax laws and regulations. We are held to the highest educational and professional standards resulting in the best possible outcome for your return.

Business Finance FAQs

  • Having accurate and timely financials is critical to the success of any business. Depending on the nature of your business, your books should be prepared, reviewed, and updated on a daily, weekly, and monthly basis. Keeping up with your financials will ensure you can run your business efficiently and grow strategically. Knowing your numbers and where your business stands will empower you to make informed decisions and sleep better at night.

  • Fractional accounting is a proven, cost-effective method to provide you the accounting resources you need without the high costs of hiring and employee turnover. With Affable as your strategic partner, you can take advantage of having an expert on your team part-time or as-needed at a fraction of the cost.

  • The minimal recommended method is cash-basis accounting for tax reporting purposes. Based on the size of your business at the given point in time, cash basis reporting will suffice your needs. Small businesses growing at an accelerated pace may find accrual basis more beneficial with a mixture of cash basis reporting. Our experts will help determine the best method for strategic planning, better insight, forecasting, growth, and profit analysis.

  • The answer will depend on variables such as your industry, fixed costs, competition prices, target market, and profit margins. Our experts will help you calculate your profitability analysis to determine where you are making or losing money and whether you are charging enough for your services.

Questions?