What's Included In the Monthly Fee

Your engagement letter governs the scope of services to be provided.

MONTHLY

Processing bank & credit card transactions
Monthly bank and credit card and loan reconciliations
Post, modify, adjust, or correct transactions to the general ledger system
Month end financial statement review
Monthly prepared financial statements that include a balance sheet and an income statement
Unlimited short duration discussions of tax and accounting matters via phone, email or meeting within the scope of current services
QuickBooks support up to¼ hour per month

Comprehensive mid-year or year-end tax meeting if necessary
Preparation of federal & state business tax returns (Form 1120, 1120S, 1065, 990/990EZ/990N)
The engagement may also include preparation of individual income tax returns (Form 1040)

(This is not a comprehensive list)

Individual form1040
Other business tax returns not directly related to this legal entity and not explicitly listed in our engagement letter
Accounting software support in excess of ¼ hour per month
QuickBooks training
Pension/Profit Sharing form 5500
IRS or State Tax audits
IRS-State tax problems generated by client not complying with our instructions
IRS or state tax notices for periods prior to working with Walton CPA
Workmen’s and Unemployment compensation audits
Loan applications and cashflow projections.
Budget creation or consultation.
Project costings or job costing analysis.
Personal financial statements.
Tax consequences of purchase or sale of business
Compiled, Audited or Reviewed financial statements.
Personal financial statements
Copies of information and tax returns previously provided to client.
Census Bureau questionnaires.