FAQs

  • A CPA (Certified Public Accountant) provides expert financial services, including tax planning, accounting, bookkeeping, and business consulting. At Stokes & Powell CPAs, we work closely with you to simplify financial processes, ensure compliance, and help your business grow.

  • Bookkeepers handle daily financial tasks like recording transactions, while CPAs offer advanced services like tax planning, compliance, and strategic financial advice. We provide both bookkeeping and CPA-level services to meet your unique needs.

  • Proactive tax planning allows us to identify deductions, credits, and strategies that reduce your tax liability. We ensure compliance while maximizing savings, so you keep more of what you earn.

  • If you miss a tax deadline, penalties and interest may apply. Contact us as soon as possible, and we’ll help you resolve the issue with the IRS and minimize the impact.

  • Yes, we offer customized bookkeeping services on a monthly, quarterly, or annual basis. We’ll ensure your financial records are accurate and up-to-date, so you’re always prepared.

  • Absolutely. We provide preparation financial reports to give you insights into your business performance, helping you make informed decisions for growth.

  • Succession planning prepares your business for future leadership transitions, ensuring continuity and stability. We create customized strategies to help you protect your business and its legacy.

  • We can guide you through the process of adding shareholders, including tax planning, valuation, and drafting agreements to ensure a smooth and fair transition.

  • A will outlines how your assets are distributed after your passing, while a trust can manage your assets both during your lifetime and after. We’ll help you decide which option works best for your goals.

  • Yes, effective trust and estate planning can minimize estate taxes and preserve more of your wealth for your beneficiaries.

  • Yes, we’ll guide you through selecting the right entity type—such as LLC, S-Corp, or partnership—based on your business goals and tax implications.

  • We can help you implement efficient accounting systems, including QuickBooks, and provide guidance on record-keeping, payroll, and tax compliance.

  • Absolutely. We’ll handle the initial setup, customize the software to fit your business needs, and provide training to get you up to speed.

  • No problem! We offer troubleshooting and optimization services to ensure your QuickBooks setup runs smoothly and efficiently.

  • Contact us immediately. We’ll review the notice, explain what it means, and work directly with the IRS on your behalf to resolve the issue.

  • Yes, we can create a plan to address back taxes, negotiate with the IRS, and explore options like payment plans or offers in compromise.