FAQ
What is an Enrolled Agent (EA)?
Enrolled Agents (EAs) are federally authorized tax practitioners who specialize in taxation and have unlimited practice rights to represent taxpayers before the IRS. EAs have earned the privilege of representing taxpayers before the IRS by passing a three-part examination covering individual and business tax returns. Every three years, EAs must complete 72 hours of continuing education to maintain their status which is the highest credential the IRS awards and adhere to ethical standards. Like CPA’s and attorneys, Enrolled Agents have unlimited practice rights and are unrestricted on the taxpayers they represent and what tax matters they can handle. For more information, see: https://www.irs.gov/tax-professionals/enrolled-agents/enrolled-agent-information
What bookkeeping software do you use?
At Eagleman Accounting we use QuickBooks Online. This allows us to access your books remotely and collaborate with you. If you use a different software, we can still assist you with your bookkeeping needs.
What does a bookkeeper do?
A bookkeeper manages the day-to-day financial records of your business. This includes: 1. Categorizing transactions 2. Reconciling bank/credit accounts 3. Managing accounts receivable and payable 4. Preparing monthly financial reports 5. Ensuring your books are accurate, compliant and up to date. For more services Eagleman Accounting provides see our Services page.
Why do I need a bookkeeper?
Accurate books help you understand your business performance, prepare for taxes, make informed decisions, avoid missed bills or payroll issues, stay organized, and compliant. Accurate bookkeeping saves time, reduces stress, and prevents costly mistakes.
How often will my books be updated?
Typically books are updated monthly, which is the most common. For higher-volume businesses it is recommend to increase the frequency to weekly or bi-weekly. Quarterly is only used for really small operations. You can choose the frequency that fits your needs and we can always adjust as needed.
Does Eagleman Accounting have CPAs?
No, there are currently no CPAs on staff at Eagleman Accounting. However, we work closely with many qualified CPAs in the area and can refer you to one who can assist you with your complex and large business needs.