Frequently Asked Questions
FAQ’S
Here are some answers to Frequently Asked Questions.
What Documents Do I Need?
You’ll need your identification (e.g. driver’s license, Social Security numbers), income documents (W-2s, 1099s, business income), expense receipts, bank and mortgage statements, and any documents related to deductions or credits (such as education or medical expenses). We’ll provide a full checklist tailored to your situation.
Bookkeeping & Accounting, What's the Difference?
Bookkeeping involves the day-to-day recording of financial transactions, such as sales, receipts, and expenses. Accounting takes this data and uses it to prepare financial statements, analyze trends, and ensure compliance with tax laws.
What if I'm Behind on Taxes?
No worries! We specialize in helping clients catch up on overdue taxes or disorganized financial records. We’ll work with you step-by-step to get everything up to date and ensure compliance going forward.
Does Alcom Offer Year Round Support?
We offer year-round support. Whether you need help with estimated tax payments, business advisory services, or bookkeeping maintenance, we’re here to support you beyond just the tax season.
Who Do We Work With?
We work with both individuals and small to medium-sized businesses. Whether you need personal tax help or full-service bookkeeping and payroll for your company, we have solutions tailored to your needs.
How Often Should I Update my Bookkeeping Records?
Ideally, bookkeeping should be updated on a weekly or monthly basis, depending on the size of your business. Timely updates ensure better cash flow management, easier tax preparation, and more informed decision-making.
What are the Prices?
Our pricing is customized based on the scope of work, such as the complexity of your tax return or the volume of bookkeeping transactions. We offer transparent, flat-rate packages as well as hourly options. A free consultation helps us determine the best fit for your needs.
Can You Help me Save Money?
Duh. The best way to maximize your deductions is to maintain organized records and consult with a tax professional regularly—not just at tax time. We review your financials thoroughly and identify all eligible deductions and credits based on your specific situation, whether you’re an individual or a business owner.