FAQ

I already have an accountant. Why should I go through all the trouble to make a switch?

Is your current accountant a Small Business Specialist? Does your current accountant pick-up and drop-off your financial statements? Does your current accountant take the time to discuss your business concerns and goals? Does your current accountant ensure that you pay all your taxes on time? Does your current accountant identify tax issues before they become a problem? Padgett does all these things, and more.

Why can’t I just use my computer to take care of my accounting needs?

Computers are truly a magnificent tool for our personal lives, but that may not be the case for our business. There are some things that a computer cannot do such as understanding your business, its internal workings, and your business goals. A computer cannot advise you on what deductions are legal, or help you interpret the tax laws and how they might affect you. Padgett does use computers in our office to process your information, but a real live person reviews each item to ensure that your tax position is accounted for and recorded properly.

A family member or close friend handles the accounting for the business. What do I need you for?

There are many accounting functions that a non-professional, who loves you, can help you with. But when you get audited, need a loan, want to sell your business or wish to significantly reduce your taxes by expert tax planning, having a seasoned accountant-tax professional on your team will be very important to you.

Will I lose track of my business if I someone else is handling the bookkeeping functions of the business?

Quite a few small business owners have discovered that they and their business perform better by freeing up their time away from their internal accounting processes. In addition, there are always new tax laws, audit concerns, and tax planning issues that are over looked by the non tax professional. And in many instances, the business owner is first to drop the accounting functions when time is short.

How much does this fabulous service cost?

It is surprisingly affordable! Padgett Business Services specializes in small businesses, which means we are built to handle and track your business. We lend our experience to your financial condition and tax situation at a reasonable price. The value we provide for a low monthly fee – financial reporting, payroll processing, tax planning and preparation, and monthly accounting all wrapped up in a single low cost service with a personal touch. Call us today for a no-obligation evaluation, and remember that we will come to you!

What is the smallest and newest business that you work with?

We are well versed in small start-up businesses. When a business opens for the first time, we cannot stress the importance of having a strong accountant-tax professional being on your team. Unfortunately, we remind you that most small businesses fail within their first 5 years, and often it is because of weak internal accounting processes and under capitalization. We can steer you away from the common problems that most small business owners encounter. It is most important that a small business owner receives sound advice no matter what the size or the age of the business. Sometimes, in a smaller business, good advice is even more valuable because a smaller business does not have the resources to recover from mistakes.

How much time will I have to make for you every month?

We try to integrate our process seamlessly within the workings of your business. We typically meet with our clients once a month for 20 to 30 minutes, which can be shorter or longer depending on the needs of the business. We find that this time period is short enough to not disturb the business owner, but long enough to provide significant value to the business.