We know that accounting and taxes can be overwhelming, that’s why Vick Accounting is here to make things clear and simple. Below are answers to some of the most common questions our clients ask.
If you don’t see your question here, don’t worry! Give us a call or schedule a consultation, and we’ll be happy to provide the personalized guidance you need.
Start early, in January if possible. That said, it’s a good idea to have a designated folder, physical or digital, where you can easily store important tax documents and receipts throughout the year.
Income sources like W-2s or 1099s, receipts and compilations of deductible expenses, IRS or State of Alabama notices, and previous tax returns.
We primarily ask clients to drop off their documents in person or send them to us through their secure portal. Returns are generally worked in the order they’re received. Our preparers take time to inventory and review every document, and are in communication with you during the process. Once your return is completed, the preparer will go over the return with you and answer any question you may have. Our goal is to not just complete the return, but to educate you on how we got to the result. We want you to feel comfortable and confident before it is filed.
We focus on accuracy, year-round planning, and long-term savings – not just quick returns during tax season.
Yes. We can both file or amend previous returns. We also can advise and help you negotiate and correspond with the IRS and the State of Alabama regarding back taxes.
Don’t panic! Bring the notice by our office or email it to us. We’ll review it, explain what it means, and can assist with any audit preparation or correspondence.
Absolutely! We can explain the differences between different tax classifications such as S-Corps or C-Corps, and can advise you based on what your goals and needs are.
All tax return information is securely stored and kept confidential under strict privacy standards.
We offer monthly account reconciliation and compilation, as well as QuickBooks Online review and assistance for clients who keep their own books.
We are proud partners with ADP, and can help you with everything from initial set up to payroll administration.
Yes. We have extensive experience with small businesses. We can advise on practices that lead to success and pitfalls to avoid. We can analyze cash flow, expenses, and help you make a plan for growth that is driven by data and experience.
Yes! We often say “tax season is the worst time for tax planning” because often by then it is too late to do anything. One of the most difficult aspects of our job is when a client gets surprised with an unexpected tax liability. We highly encourage clients to come in during the year to let us see if you’re building a liability, and possible solutions or things you can do to prepare in advance.
Simply contact our office and we’ll schedule a time for a consult. We’ll review your needs and address any questions or concerns you may have.