FAQ

MWJ Consultancy office is at your disposal 24*7. You can visit us at Willow Trace LN, Mount Dora, Florida 32757, any time of the day. MWJ Consultancy keeps year-round office hours for your convenience, so you can get any tax guidance you need long after tax season is done. 

The cost of our accounting services varies depending on your company's requirements. It is determined by your company's accounting activities and the complexity of your financial statements, not by their size.

We'll work with you to develop a monthly price that's both affordable and predictable. These costs are all-inclusive, and the following services are included:

• Profit and loss statements
• Balance sheets
• Bank reconciliation
• Business tax work
• Sales tax filings
• Audit representation
• Unlimited consultations

Even though poor financial management is a primary cause of business failure, many small and mid-sized enterprises fail to evaluate and manage their money appropriately. Your firm could suffer in a number of ways if you don't have excellent financial processes in place:

• Lost revenue
• Insufficient tax planning
• Missed financial opportunities

A good monthly accounting service will take care of your profit and loss statements, monthly balance sheets, and frequent account reconciliation for you, allowing you to regain control of your money with no effort.

It is debatable. We'd be pleased to meet with you for a brief session to provide specialized financial guidance for your new firm, but you'll need three things at a high level:

• A plan of action
• Consistent accounting records
• Advice from an expert

Yes, you can build up an installment plan to pay your tax debt or go for other options, like Offer in Compromise to paying taxes through an installment payment plan (OIC). The IRS might agree to settle the taxpayer's liabilities for less than the entire amount of taxes owed under an OIC agreement. If there is proof that the taxpayer could pay the whole amount through an installment payment plan or another manner, the IRS is unlikely to grant an OIC. Fill out Form 656, Offer in Compromise, or Form 656L, Offer in Compromise (Doubt as to Liability), then mail the application packet to the IRS to be considered for an OIC.

Quickbooks is a business accounting software that is used to track daily transactions and manage revenues and expenses. This program can be used for a variety of tasks, including running reports, sending estimates, handling bills, monitoring inventories, invoicing, and payments, and payroll. The program was created with solopreneurs and small enterprises in mind. There are three versions of QuickBooks: Pro, Premier, and Enterprise. Different sorts of enterprises are supported by each edition. You can select the version that best suits your needs.

If you're all about accounting and related features like invoicing, Quickbooks is the way to go. Integration of the software with other apps will improve your financial situation. Use Excel if you need to create advanced graphs and charts. Only accounting graphs are available in Quickbooks.