Cynthia Chew is a Certified Public Accountant and Advanced Certified ProAdvisor. Cynthia has been working with small businesses within the tax arena for many years, and now combines that experience within the context of better books. Cynthia's expertise is in listening and meeting the needs of small business owners, while simultaneously ensuring tax-return complance.
Please read the following to better understand your obligations, which will clarify our mutual roles working together.
You are obligated to comply with a [seemingly overwhelming] set of legal, accounting, and tax-related responsibilities associated with the privilege of owning and running a business. This obligation remains with you even though you may be unfamiliar with the rules.
Some of your responsibilities may include:
Maintaining complete accounting records for tax-reportable business transactions
Maintaining receipts containing clear descriptions of products and services purchased and the business reason for such.
Maintaining bank records (cancelled checks/statements) evidencing payment of products/services for which you have receipts
Compliance with tax deductibility associated with travel, meals, and entertainment expense
Compliance with tax deductibility associated with business automotive use
As a consultant, the objective is to address your stated concerns. Inquiries intended to address your stated concerns may reveal that your accounting system does not meet your obligations, or indicate noncompliance.
The objective is not to expand your engagement without your request/consent to do so. For this reason, you are urged to inquire if you feel uncertain or unfamiliar with any areas of your responsibilities in the tax and accounting arena.
We appreciate the opportunity to consult with you on expanded areas of your obligations, and will do so generally only when you request such. We want you to be in control of how we work with you.
Forney Accountancy Bryce Forney, CPA Bryceforney@Gmail.com 925-323-2892 Phone/Text 1973 Faye Ct Pleasant Hill CA 94523-3307