What accounting system do you use?
We primarily use QuickBooks Desktop and QuickBooks Online. This is usually the preferred accounting software by our clients. However, we are flexible and will work with you if you choose a different accounting software.
What documents do I need to submit for accounting services for my company?
To efficiently help your business goals we require either electronic or hard copies of your source documents and access to your online bank and credit card account, accounting software, sales system (POS), Invoices, etc.
What documents do I need to submit for tax return preparation?
We require that you fill out a tax return questionnaire and submit tax documents in electronic or hard copy. Common documents include but are not limited to:
- W2s
- 1099s: 1099-Int, 1099-R, 1099-Misc, 1099-NEC, etc.
- K1s
- Large Assets Purchases
- Business Profit & Loss Statements
- Business Balance Sheet Statements
- HAS Statements
- Childcare, college expenses, etc.
What types of records do I need to keep and for how long?
Federal law requires that you maintain copies of your tax returns for at least three (3) years. If IRS believes that you have underreported your income by 25% or more they can request documents dating back six (6) years. There is no limit if fraud is proven. Contact us to find out which records should be kept forever for businesses and individuals.
I plan on starting my own business. Can you help me?
Yes. We can help you with your business plan, choosing which business entity type is right for you, setting up your company file with the state and IRS, filing timely annual reports, handle your day to day accounting, process your payroll, prepare your tax returns and many more.
How can I get my documents to you?
We accept documents by mail, email or via file hosting service.
Mail or Office Drop Off:
LGD CPA, PLLC
Attn: Accounting Department
250 Parkway Drive, Suite 150
Lincolnshire, IL 60069
Email: info@lgdcpa.com
Dropbox via secured link
How often do I need accounting services?
We recommend using our accounting services monthly as it gives you an up to date information on your business performance, better control and better opportunities to plan ahead.
How are you services billed?
Regular services clients – monthly flat fee.
Project work – hourly rate; rate differs based on the complexity of the project.
Tax returns – by the form and schedules included with each return.