Frequently Asked Questions
What types of businesses do you work with?At Summit Accounting and Tax, we work with small businesses across a wide range of industries, from retail and professional services to manufacturing and construction. Our expertise spans diverse sectors, allowing us to tailor our bookkeeping services to your specific business needs.
How often will i receive financial reports?We understand the importance of timely financial information for effective decision-making. Our team will work closely with you to establish a reporting schedule that aligns with your needs, whether that's monthly, quarterly, or on an ad-hoc basis.
What makes your back-office services unique?Our back-office services are designed to provide a comprehensive solution for your financial management needs. From accounts payable and receivable to inventory tracking and cash flow forecasting, we offer a one-stop shop for streamlining your back-office operations.
Do you offer any guarantees or service-level agreements?At Summit Accounting and Tax, we stand behind the quality of our work. We offer service-level agreements that outline our commitment to delivering accurate and timely services, ensuring your financial data is always up-to-date and reliable.
What pricing models do you offer for bookkeeping services?Our bookkeeping service pricing is tailored to meet the needs of each client. We offer affordable monthly packages as well as project-based pricing options. Please note that our standard bookkeeping services are based on cash-basis accounting. For accrual-basis accounting or more complex financial needs, contact us for a personalized quote.
What accounting services does my small business need?Accounting needs vary based on your business size and nature, typically including bookkeeping, financial statements, tax planning, and compliance. Summit Accounting and Tax offers tailored services for accurate records and regulatory adherence.
How can I prepare for an audit as a small business owner?The best way to prepare for an audit is by accurate record-keeping. Summit Accounting takes a proactive approach, organizing financial documents and providing guidance throughout the audit process in order to achieve a favorable outcome.
Do i need a CFO for my small business, and what do they do?Small businesses can benefit from CFO advisory services for strategic financial planning, budgeting, and decision-making. Summit Accounting and Tax provides scaled CFO guidance without full-time overhead.
What financial reports are essential for small business owners?Essential financial reports like profit and loss, balance sheets, and cash flow statements help track performance and inform decisions. Summit Accounting and Tax generates key reports for insights into your business's financial health.
As a local firm, we have an intimate understanding of small businesses' challenges, allowing us to offer tailored strategies grounded in real-world experience.
When you partner with Summit Accounting and Tax, you gain a dedicated team committed to your long-term success. Experience the peace of mind that comes from having accounting, tax, and financial experts managing your needs. Schedule a complimentary consultation today to take the first step towards sustainable growth.
How is pricing structured for your accounting services?Our accounting service pricing is tailored to meet the needs of each client. We offer affordable monthly packages as well as project-based pricing options. Please note that our standard bookkeeping services are based on cash-basis accounting. For accrual-basis accounting or more complex financial needs, contact us for a personalized quote.
What are the benefits of outsourcing accounting services for my small business? Outsourcing accounting saves time and resources, ensuring accuracy and compliance. Summit Accounting and Tax offers cost-effective solutions, freeing you to focus on business growth.
