FAQ’s – Imaar Associates CPA, PLLC

FAQ's

Credibility & Credentials

Are you a licensed professional?

Yes, Our CEO & Founder is a licensed CPA in Washington State. He specializes in providing bookkeeping, tax preparation, and accounting services to clients across the United States. Mr. Abbas’s license can be verified through the CPA Verify public database. Mr. Abbas is also an IRS-registered tax preparer with an active preparer tax Identification number (PTIN). For any further query, contact us.

Where is IMAAR Associates CPA, PLLC registered?

IMAAR Associates CPA, PLLC is registered PLLC in Washington State and complies with all U.S. laws and IRS regulations.

What industries do you specialize in?

We provide expert accounting, bookkeeping, and tax services for retail, manufacturing, technology, real estate, and professional services.

Do you have expertise in IRS tax compliance?

Yes, we specialize in IRS tax filing and compliance for both businesses and individuals. We ensure accurate tax preparation and compliance with U.S. tax regulations.

How do you ensure the security of my financial data?

We use secure client portals, encrypted file transfers, and trusted platforms like QuickBooks Online and NetSuite to ensure the confidentiality and security of your data.

Do you have experience with QuickBooks and other accounting software?

Yes, we are proficient in QuickBooks Online, NetSuite, Oracle, and other leading accounting platforms, offering customized solutions for your business.

Service Coverage

Are your services fully remote?

Yes, we operate virtually, offering secure and seamless accounting, bookkeeping, and tax preparation services to businesses nationwide.

How do I get started with your services?

You can contact us through our inquiry form, WhatsApp, or email to schedule a free consultation tailored to your needs.

Do you serve clients in specific U.S. cities?

Yes, we provide CPA services, bookkeeping, accounting, and IRS tax filing assistance to clients across all the U.S., including major cities like New York, Los Angeles, Chicago, Seattle, Houston, Miami, San Francisco, Dallas, Atlanta, Boston, Philadelphia, San Diego, and Phoenix.

Bookkeeping & Accounting

Can I get financial reports on demand?

Yes, we provide customized financial reporting based on your business needs to help you make informed decisions.

What accounting platforms do you support?

We work with QuickBooks Online, NetSuite, and other leading cloud-based platforms to provide seamless bookkeeping and accounting solutions.

What does your bookkeeping service include?

Our bookkeeping services include recording transactions, monthly reconciliations, financial reports, expense tracking, and ensuring your records are IRS-compliant.

Do you provide cleanup services for bookkeeping?

Yes, we offer cleanup services to ensure your books are accurate and ready for IRS tax filing or financial reporting.

Tax Preparation & Compliance

What documents do I need for tax filing?

For individuals, we typically require W-2s, 1099s, and records of deductions. For businesses, we need financial statements, payroll data, and records of expenses.

Can you assist U.S. expats with tax filings?

Yes, we provide specialized services for U.S. expats, including FBAR (Foreign Bank Account Reporting) compliance and dual citizenship tax filing requirements.

Do you handle complex business tax filings?

Yes, we specialize in complex business tax filings, including partnerships, corporations, and LLCs, while ensuring compliance with federal and state regulations.

Can you help with overdue taxes or IRS notices?

Yes, we provide tax resolution services to address overdue taxes, penalties, and IRS notices.

What types of tax preparation services do you offer?

We provide tax preparation services for individuals (Form 1040), businesses (Forms 1120, 1120S, 1065), payroll taxes, and sales tax filings. Our services include maximizing deductions and ensuring IRS compliance.

Virtual CFO

What is included in Virtual CFO services?

Our Virtual CFO services include financial analysis, budgeting, forecasting, cash flow management, and strategic planning to support business growth.

Who can benefit from Virtual CFO services?

Startups, small businesses, and growing enterprises benefit from Virtual CFO services, gaining expert financial guidance without hiring a full-time CFO.

How do Virtual CFO services help my business?

Virtual CFO services empower businesses by providing actionable insights, improving cash flow management, and driving profitability.

Payroll Setup & Compliance

Do you manage payroll tax filings?

Yes, we handle all payroll tax filings, ensuring timely submission and compliance with IRS requirements.

What is included in payroll services?

Our payroll services include one-time payroll setup, ongoing payroll processing, and compliance with federal and state payroll tax regulations.

Can you integrate payroll with my accounting system?

Yes, we integrate payroll with platforms like QuickBooks Online and NetSuite for seamless financial tracking

SEC Reporting & Compliance

What services are included in SEC Reporting and Compliance?

We assist with preparing and filing SEC reports, including Forms 10-K, 10-Q, and 8-K. Additionally, we ensure compliance with SEC regulations and provide detailed financial analysis and MD&A preparation.

Why is SEC compliance important for publicly listed companies?

SEC compliance ensures transparency, builds investor trust, and avoids penalties. Proper reporting also helps maintain your company’s reputation and supports informed decision-making by stakeholders.

Audit & Assurance

Do you provide internal and external audit support?

Yes, we offer internal audit services and external audit assistance to ensure compliance, accuracy, and readiness for third-party audits.

Why should I choose your audit services?

Our audit services provide peace of mind by identifying risks, ensuring compliance with regulations, and enhancing operational efficiency.

Business Formation & Registrations

What business formation services do you provide?

We assist with entity formation, EIN applications, ITIN applications, and accounting system setup to ensure a strong start for your business.

Can you guide me on the best entity type for my business?

Yes, we offer consultation to determine the most suitable business structure for your needs, whether it’s an LLC, S-Corp, or C-Corp.

Do you provide ongoing support after business formation?

Yes, we offer bookkeeping, tax preparation, and compliance services to support your business’s financial health.

IRS Tax Resolution & Advisory

What is included in your IRS tax resolution services?

Our IRS tax resolution services cover penalty abatement, tax dispute resolution, Offer in Compromise (OIC) applications, installment agreements, and support for audits or notices.

Do you assist with expatriate and foreign income tax issues?

Yes, we specialize in expatriate advisory services, including foreign income reporting and compliance with IRS requirements.

How can your advisory services help reduce my tax liabilities?

We provide tailored tax planning strategies to minimize liabilities while ensuring compliance with federal and state regulations.

Miscellaneous CPA

Do you provide CPA verification letters?

Yes, we issue CPA verification letters for banks, lenders, and other stakeholders.

Can you prepare customized financial statements?

Yes, we create accurate, professional financial statements including projections tailored to your specific requirements.