Frequently Asked Questions
Call Us TodayWhen my sole-proprietor taxes are prepared, which documents do I need?
This is a great question and one that we often get! There are several forms that you will need, such as ones that show income, business and home expenses, and car repairs. Our best advice is to get in touch with us as these forms have different titles depending on your location. We can give you a more detailed list of what you need and where to find it!
Which business costs can I claim as tax deductible expenses?
There are many business costs that you can claim as tax deductibles and some that you cannot. For example, some business gifts can be written off, but others cannot. The boundaries can sometimes be blurred on what qualifies as a tax write off. Having us help you with your business tax filing can clear up all of your questions.
What tax records do I need to keep for my business?
We would advise you to keep any document that shows income or deductions along with your tax records for six to seven years.
What is the most appropriate tax structure for my business?
There are three different business structures:
- Sole proprietorships
- Partnerships
- Incorporations
Each one is treated differently by tax law, having us work with you can help outline what tax laws apply to your business!
Is it difficult to change to J.A. Ferguson Accounting Services? How do I do so?
No. The whole process is actually a lot easier than you may think! We can send a takeover letter to your former bookkeeper or accountant. This will allow all your files and information to be released and taken over by our firm.
How do I schedule a consultation with J.A. Ferguson Accounting Services?
Contact us now at (780) 435-4155 or through our online contact form. One of our agents will be in touch with you as soon as possible!