What's Included In the Monthly Fee

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


  • 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.
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