Question 1

What services does iAccountant provide?

Accepted Answer

iAccountant provides bookkeeping, bookkeeping cleanup and catch-up services, QuickBooks support, tax preparation and tax-related services, and virtual CFO/accounting advisory services.

Question 2

Who is your service designed for?

Accepted Answer

Our services are designed for small business owners, independent professionals, and growing businesses that want clear books and practical financial support.

Question 3

Do you work only with clients in New York City?

Accepted Answer

We are NYC-based, but our services are online, so we can support clients in NYC and beyond.

Question 4

Are you a CPA firm?

Accepted Answer

No. iAccountant is not a CPA firm and does not represent itself as one. Services are provided by an IRS Enrolled Agent with an M.S. in Accounting and extensive accounting and financial experience.

Question 5

What is an Enrolled Agent (EA)?

Accepted Answer

An Enrolled Agent (EA) is a federally authorized tax practitioner credentialed by the U.S. Department of the Treasury. Enrolled Agents have unlimited rights to represent taxpayers before the IRS on matters including examinations, collections, and appeals.

Question 6

Do you prepare tax returns?

Accepted Answer

Yes. iAccountant provides tax preparation services for individuals and qualifying small businesses based on the nature and complexity of the return. Please contact us to discuss your specific tax situation and availability.

Question 7

Can you help if my bookkeeping is behind?

Accepted Answer

Yes. Cleanup and catch-up bookkeeping services are available for businesses with overdue, incomplete, or incorrectly categorized books. We can review your records and determine the work needed to bring them up to date.

Question 8

Do I need to use QuickBooks?

Accepted Answer

Not necessarily. However, QuickBooks Online is one of the primary accounting platforms supported by iAccountant. We can discuss your existing accounting system and determine whether a change is necessary.

Question 9

Can you help set up QuickBooks Online?

Accepted Answer

Yes. We can assist with QuickBooks Online setup, account organization, bank and credit-card connections, transaction categorization, reconciliations, and ongoing bookkeeping support.

Question 10

Do you provide payroll services?

Accepted Answer

Payroll support may be available as part of your accounting or bookkeeping services. Third-party payroll software and processing fees are separate unless specifically included in your service agreement.

Question 11

What is included with monthly bookkeeping?

Accepted Answer

What is included with monthly bookkeeping?Services vary depending on the selected plan and your business needs, but may include transaction categorization, bank and credit-card reconciliations, financial statements, bookkeeping review, and ongoing accounting support. Please see our Pricing page for current plans and included services.

Question 12

Can you handle accounts payable and accounts receivable?

Accepted Answer

Accounts payable, accounts receivable, invoicing, and related accounting support may be available as part of Virtual CFO or customized accounting services depending on your needs.

Question 13

What is a Virtual CFO service?

Accepted Answer

Virtual CFO services provide higher-level financial and accounting support without the cost of hiring a full-time CFO. Depending on the engagement, services may include financial reporting, cash-flow analysis, budgeting, forecasting, accounts receivable and payable oversight, and management reporting.

Question 14

How does the process work?

Accepted Answer

Start by contacting iAccountant to discuss your accounting or tax needs. We will review the scope of work, explain the appropriate service and pricing, and provide onboarding instructions if you decide to proceed.

Question 15

How do I send my financial information and documents?

Accepted Answer

The appropriate method depends on the service being provided. We will explain how to securely provide the documents and information required during onboarding. Please do not send Social Security numbers, tax documents, banking credentials, or other sensitive financial information through unsecured communication methods.

Frequent Asked Questions