FAQ

Click here to view our services page.

Click here to view our contact page.

Call us at 336-227-1495 or email administration@cel-cpa.com to make an appointment.

Last year’s tax return, completed tax organizer, any documents detailing your income as well as tax deductible expenses, IRS notices, and your K-1 if you own a business.

W-2s, 1099s, 1098s, 1095, K-1.

• Federal Status
• North Carolina Status 

Individuals: April 15

C-Corporation: Generally, a corporation must file its income tax return by the 15th day of the 4th month after the end of its tax year. However, a corporation with a fiscal tax year ending June 30 must file by the 15th day of the 3rd month after the end of its tax year.

S-Corporation: 15^th day of the third month after the close of your FYE

LLC: varies, depending on the structure of the LLC

• All Federal
• NC Balance Due
• NC Estimated Tax Payments

Contact the IRS about an online payment plan or installment agreement.

Bookkeeping focuses on recording and organizing financial data, including tasks such as invoicing, billing, payroll and reconciling transactions. 

Accounting is the interpretation and presentation of that financial data, including aspects such as tax returns, auditing and analyzing performance.

You should update your financial records monthly.

There are several great options available, each offering different features. The best accounting software for your business depends on your specific needs and preferences.

Yes, view our full list of accounting solutions here.

We offer detailed financial analysis to assess your business’s health, strategic budget planning to align with your financial goals, and tax planning and compliance to maximize savings and ensure adherence to regulations. Additionally, we provide financial forecasting to set realistic goals and cash flow management to maintain liquidity and support your business needs.

Some of the benefits of outsourcing your accounting services are access to expertise, scalability, compliance and risk management, advanced technology, enhanced data security, and timely and accurate reporting.

We ask that you gather your business’ financial information and then we will review and organize your records. Using this information, we will prepare your business return and file them online, ensuring that all deadlines are met. We also offer valuable tax advice to help you make informed financial decisions and plan for the future.

Here is some of our advice for new business owners:

• Choose the Right Business Structure
• Develop a Solid Business Plan
• Understand Your Tax Obligations
• Implement Effective Bookkeeping Practices
• Identify and Plan for Deductions
• Monitor Cash Flow
• Keep Complete Records and Documentation of Business Income and Expenses

An audit is a systematic, independent examination of financial statements, processes, or systems to ensure accuracy, compliance, and efficiency. Contact us today to discuss whether an audit is right for your business.

Generally, some audits can be completed in a few weeks, while other may take several months.

There are several key phases to an audit: We will sit down and discuss the scope, your business, and review your policies and procedures. Then we will test and verify your financial records and account balances. Lastly, we will prepare reports and review our findings and recommendations with you.

There are financial audits, operational audits, compliance audits, and IT audits.

Individuals: (Form 1040) Our minimum fee is $1200 for standalone individual income tax returns and a single state filing.

Business: (Forms 1120, 1120S, and 1065) Our minimum fee is $2500 for partnership and corporate income tax returns with a single state filing.

Nonprofit: (Forms 990 and 990PF) Our minimum fee is $1750.

Small Business Accounting and Tax Services: Small business bookkeeping and reconciliation service is a minimum of $750 per month.

Final billed fees will depend on complexity and the quality of your accounting records.

We accept Visa, MasterCard, Discover, American Express, checks, cash, and ACH debits.

Yes, our partnership with QuickFee Financing enables you to pay over 3-12 months to cover the cost of your invoice.