Question 1

Do you offer virtual accounting services?

Accepted Answer

Yes, we provide virtual accounting services through a team of highly skilled virtual staff. This allows us to assist clients anywhere in the US, ensuring that their financial needs are met, no matter their location.

Question 2

What is the benefit of using your virtual staffing solutions?

Accepted Answer

Our virtual staffing solutions connect businesses with qualified remote professionals who can handle tasks such as bookkeeping, payroll, tax preparation, and other administrative functions. This helps businesses save on costs while gaining access to top talent without the need for physical office space.

Question 3

How can CBAS help my business with taxes?

Accepted Answer

We provide comprehensive tax services, including tax planning, preparation, and filing. Our team stays up-to-date with the latest tax codes and regulations, ensuring that your business remains compliant while minimizing tax liabilities.

Question 4

What types of businesses can benefit from your services?

Accepted Answer

Our services are ideal for small to medium-sized businesses, entrepreneurs, startups, and individuals who need expert accounting, bookkeeping, and business advisory support. We cater to various industries, including retail, services, construction, and government contractors.

Question 5

What is bookkeeping troubleshooting, and how does it help my business?

Accepted Answer

Bookkeeping troubleshooting is the process of identifying and resolving issues in your financial records. It ensures that your financial data is accurate, complete, and compliant with regulations. By addressing bookkeeping errors, we help businesses make informed financial decisions and avoid potential penalties.

Question 6

How can CBAS assist with an IRS or state tax audit?

Accepted Answer

Our audit assistance services help clients prepare for and navigate IRS or state tax audits. We work with you to gather necessary documentation, respond to inquiries, and minimize any potential tax liabilities during the audit process.

Question 7

What is DCAA audit assistance?

Accepted Answer

We provide support for businesses involved in federal contracting that may be subject to a DCAA (Defense Contract Audit Agency) audit. Our services help ensure compliance with federal regulations, proper cost allocation, and accurate financial reporting.

Question 8

Can you help with setting up accounting software?

Accepted Answer

Yes, we assist clients in setting up accounting software, whether desktop or cloud-based. Our team can help you choose the right software for your business, set it up, and provide ongoing support to ensure seamless operation.

Question 9

What is cost allocation/segregation, and why is it important?

Accepted Answer

Cost allocation and segregation involve categorizing and tracking business expenses to provide a clear picture of where your money is being spent. This helps businesses optimize their resources, improve profitability, and ensure compliance with tax regulations.

Question 10

Do you offer payroll services?

Accepted Answer

Yes, we offer comprehensive payroll services, including processing employee compensation, ensuring compliance with federal and state tax regulations, and filing required payroll tax forms.

Question 11

How does CBAS help with business licensing and permits?

Accepted Answer

We assist with obtaining business licenses, Tax ID (EIN), Clean Hands Certificates, Certificates of Occupancy, and other necessary permits for businesses operating in Washington, DC, and across the US.

Question 12

Can you assist with business loan and grant applications?

Accepted Answer

Yes, CBAS offers loan and grant application processing services, helping businesses secure the funding they need to grow or manage unexpected expenses. We streamline the application process to improve the chances of approval.

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