Common Questions From Clients and Prospects
Do I need a CPA?
As a business owner, yes. Just as you sell yourself as a specialist in your field, leverage the experience of a CPA to provide guidance and insight on the financial activities of your business. Having a knowledgeable financial specialist on your side can help remove the guessing game of how to keep proper accounting records and allow you greater peace of mind in running your daily business.
What accounting software do you recommend for a new business?
In our experience, QuickBooks Online is the most efficient new business software. This software is widely chosen for its wide range of features, user friendly design, no upfront fees and a low monthly subscription cost. As a benefit to our clients, we share our discounted subscription rate with you, rather than marking up the software cost as a package deal.
What is the new lease accounting standard all about, and can Gregor Accounting help?
ASC 842 - Leases changes the way GAAP basis entities account for leases. This standard was effective on January 1, 2022 for private companies. If you need help with the implementation, contact Gregor Accounting today. Please also see our ASC 842 guide focused on need to know information for smaller GAAP reporting entities.
Can you help my Company prepare for my annual financial statement audit?
Yes. After nearly two decades in the audit world, Gregor Accounting can assist you in preparing for your financial statement audit. Service offerings include performing reconciliations, preparing supporting schedules, and assessing audit readiness. Avoid paying high audit overrun fees and a seemingly never ending audit by being prepared before the audit begins.
Can Gregor Accounting help with my taxes?
Not as a stand alone service at this time. The core service offering of Gregor Accounting is focused on financial accounting. If you are already a monthly / quarterly client, tax assistance is available. If you need a recommendation for a dedicated tax specialist, we will be happy to provide a few recommendations based on your service needs.
How do I know if Gregor Accounting is right for my needs?
How much does your service cost?
Service cost depends on the nature of the service requested. Let's dialogue on a customized plan for your business and determine a cost structure that works for your business.