FAQs

Important: The answers below are general information, not legal, tax, or accounting advice. Your situation may differ—please consult us directly for tailored guidance.

Quick Contacts

Email: [email protected]

Phone: (469) 747-0447

A) General & Getting Started (1–10)

1. What services does CB CPA Services provide?

We offer accounting and bookkeeping, business and individual tax, advisory and strategic planning, fractional CFO support, M&A advisory (buy‑side and sell‑side), and coordinated insurance/financial services through trusted partners.

2. Who do you serve?

We support startups, growing small businesses, middle‑market companies, and high‑net‑worth individuals across multiple industries.

3. Where are you located and do you serve clients outside Texas?

Our office is in Frisco, TX, and we serve clients nationwide using secure digital tools.

4. How do I get started?

Book a discovery call, we’ll assess your needs, scope the engagement, and send an engagement letter with pricing and next steps.

5. Do you offer one‑time projects and ongoing support?

Yes—choose project‑based (e.g., a tax return or cleanup) or recurring monthly/quarterly support.

6. Can you coordinate with my attorney, banker, or financial advisor?

Absolutely—with your permission, we collaborate with your professional team for seamless execution.

7. What makes you different from other firms?

Senior attention, practical recommendations, integrated services, and clear, proactive communication.

8. Do you work with startups and pre‑revenue companies?

Yes—we tailor lightweight packages for early‑stage needs and scale with you as you grow.

9. Are consultations complimentary?

We offer a short intro call at no cost; deeper scoping or review may be billed as a consult.

10. How do you communicate during an engagement?

Primarily via our secure client portal, plus scheduled calls/video meetings and email updates.

B) Accounting & Bookkeeping (11–25)

11. What accounting systems do you support?

We work with leading cloud accounting platforms (e.g., QuickBooks Online, Xero) and industry add‑ons.

12. Do you handle full‑service bookkeeping?

Yes—transaction coding, reconciliations, AP/AR assistance, monthly closes, and management reports.

13. Can you clean up historical books?

Yes—catch‑ups and clean‑ups are a common first step before ongoing support.

14. How often will I receive financial statements?

Typically, monthly, with a close checklist and variance commentary.

15. Do you provide cash flow forecasting?

Yes—13‑week cash forecasts and rolling projections integrated with your operations.

16. Can you help set up a chart of accounts?

We design a scalable chart aligned to your business model and reporting needs.

17. Do you do inventory and cost accounting?

Yes—perpetual systems, item setup, landed costs, standard costing, and COGS analysis.

18. Will you liaise with our auditors or lenders?

Yes—we prepare schedules and support audit/review requests and lender reporting.

19. Do you offer controller services?

We provide controller‑level oversight—close management, policy, and reporting governance.

 20. Can you automate my back‑office?

We implement bill pay, expense management, and data capture workflows to reduce manual work.

21. What KPIs will you track?

We tailor dashboards (e.g., gross margin, CAC/LTV, AR days, inventory turns, burn) to your goals.

22. Can you help with revenue recognition?

Yes—policies and schedules for subscriptions, milestones, and variable consideration (as applicable).

23. Do you support multi‑entity and consolidations?

We handle intercompany entries, eliminations, and consolidated reporting.

24. How do you ensure data accuracy?

Checklists, reconciliations, review controls, and exception reports every close cycle.

25. Can you train my internal team?

Yes—system workflows, month‑end tasks, and financial literacy for non‑finance leaders.

C) Tax (Business & Individual) (26–45)

26. Which tax returns do you prepare?

Individuals, C‑corps, S‑corps, partnerships/LLCs, trusts, estates, and select state/local filings.

27. Do you provide tax planning or just preparation?

Both—planning is year‑round; prep occurs at deadlines with proactive reminders.

28. Can you help choose an entity type for tax efficiency?

Yes—LLC/partnership vs. S‑corp vs. C‑corp trade‑offs depend on your income, reinvestment, compensation, and exit goals.

29. Do you advise on quarterly estimated taxes?

We project your liability and recommend safe‑harbor or optimized estimates.

30. Can you represent me before tax authorities?

Yes—our licensed professionals can handle notices, audits, and payment plans.

31. Do you handle multi‑state filings?

We evaluate nexus and file in the states where you have tax obligations.

32. What do you need from me for tax prep?

Our organizer/checklist, source docs (W‑2s, 1099s, K‑1s), prior returns, and questionnaires for credits/deductions.

33. Do you assist with R&D credits and other incentives?

Yes—eligibility assessment, documentation, and coordination with specialists as needed.

34. Can you help with sales/use tax?

We handle registrations, rate/application guidance, and return filings.

35. Do you advise on international tax?

We assist with common cross‑border matters and coordinate with international specialists for complex scenarios.

36. What about depreciation and capitalization policies?

We set policies and schedules to optimize expensing vs. capitalization within applicable rules.

37. Can you help with tax‑efficient compensation?

Yes—bonuses, equity, distributions, retirement contributions, and fringe benefits.

38. How do you minimize surprises at filing time?

Mid‑year and year‑end planning touchpoints and rolling projections.

39. Do you file extensions?

Yes—upon request or when needed to ensure accuracy; an extension to file isn’t an extension to pay.

40. What if I received a tax notice?

Upload it to the portal promptly—we’ll review, explain options, and respond.

41. Do you help with back taxes?

Yes—non‑filed returns, penalty abatement requests, and resolution strategies.

42. Do you support cryptocurrency tax reporting?

We help gather exchange/wallet data, basis tracking, and gain/loss reporting.

43. Can you optimize owner compensation for S‑corps?

We provide reasonable compensation analyses and planning for payroll vs. distributions.

44. Do you coordinate with my bookkeeper for tax readiness?

Yes—closing entries, tax adjustments, and workpaper support.

45. Do you prepare amended returns?

Yes—when beneficial or necessary to correct errors or claim missed credits.

D) Advisory & Strategy (46–55)

46. What does “advisory” mean at CB CPA?

Practical, numbers‑driven guidance on pricing, margins, expansion, capitalization, and performance.

47. Do you build budgets and forecasts?

Yes—driver‑based budgets, rolling forecasts, and scenario planning.

48. Can you help with pricing and unit economics?

We model contribution margins, sensitivity, and profitability by product/channel.

49. Do you assist with fundraising readiness?

We prepare financial packages, KPIs, and narratives for banks and investors.

50. Can you help with board reporting?

Yes—board‑ready dashboards, commentary, and meeting participation if desired.

51. Do you review contracts for financial impact?

We review commercial terms for margin and risk implications (not legal advice).

52. Can you design internal controls?

Yes—segregation of duties, approval flows, and documentation for audit readiness.

53. Do you help with pricing for subscriptions/SaaS?

We assess tiers, discounting, churn, LTV/CAC, and revenue recognition alignment.

54. Do you support grant or government funding compliance?

We help with cost tracking, allowability, and reporting requirements.

55. Will you facilitate strategic off-sites?

Yes—finance‑focused sessions that translate strategy into measurable plans.

E) Fractional CFO (56–65)

56. What is a fractional CFO?

An experienced CFO partnering part‑time to deliver senior‑level financial leadership at a fraction of full‑time cost.

57. What does the engagement include?

Cash and working capital management, forecasting, KPI dashboards, lender/investor relations, and leadership of the finance function.

58. How is fractional CFO priced?

Typically a monthly retainer based on scope and cadence, with clear deliverables.

59. Will you manage my internal accounting team?

Yes—CFOs oversee controllers/bookkeepers and align finance to business goals.

60. Do you join executive meetings and board calls?

We can attend leadership sessions and investor updates as needed.

61. Can you help restructure debt or negotiate with vendors?

Yes—cash runway planning, term improvements, and covenant readiness.

62. Do you build investor‑ready models?

Yes—3‑statement models with scenarios and driver assumptions.

63. Can a fractional CFO prepare me for an audit?

We establish controls, schedules, and documentation so audits run smoothly.

64. How fast can you start?

After scoping, we can typically begin within 1–3 weeks.

65. Can you transition to a full‑time CFO later?

We’ll help recruit and onboard once scale and complexity warrant it.

F) M&A Advisory (Buy‑Side & Sell‑Side) (66–75)

66. What M&A services do you offer?

Buy‑side and sell‑side support: financial diligence (QoE‑style analysis), modeling, synergies, and readiness.

67. Can you perform quality of earnings (QoE) analysis?

We perform buy‑side diligence and sell‑side readiness that surfaces normalized EBITDA, adjustments, and risks.

68. Do you help with deal structures and scenarios?

Yes—cash vs. earn‑out, rollover equity, seller notes, and tax‑aware structures (in coordination with tax/legal counsel).

69. Will you assist with data rooms and request lists?

We organize data rooms, manage requests, and prepare schedules.

70. Can you evaluate working capital targets?

We analyze historical trends and seasonality to negotiate fair peg targets.

71. Do you support integration planning post‑close?

Yes—finance stack integration, reporting cadence, and control design.

72. Can you help value my business before a sale?

We provide valuation analyses (income/market approaches) to inform strategy (not a formal appraisal unless scoped).

73. Do you coordinate with investment bankers and attorneys?

Yes—we collaborate closely to keep the process efficient and on‑message.

74. How early should we start sell‑side prep?

Ideally, 6–18 months ahead to optimize KPIs, clean financials, and address risks.

75. Can you help with carve‑outs or roll‑ups?

Yes—standalone financials, transition services planning, and consolidation modeling.

G) Insurance & Risk (76–82)

76. Do you sell insurance?

We don’t act as brokers; we coordinate with internal vetted insurance partners at your request.

77. What insurance policies should a business consider?

Our partner insurance brokerage handles EVERY type of insurance across the US.

78. Can you quantify insurance needs?

We translate financial exposures into coverage discussions and connect you with specialists.

79. Do you help with claims documentation?

We assist with financial documentation supporting claims and business interruption calculations.

80. Can you review policy language?

We review financial implications and exclusions (coverage decisions remain with you and your broker).

81. Do you provide cyber risk guidance?

We recommend baseline controls and coordinate with IT/cyber partners to align with insurer expectations.

82. Will insurance planning affect valuation or lending?

Strong risk management can support lender confidence and reduce downside risk in transactions.

H) Personal & Business Financial Services (83–89)

83. Do you provide investment advice?

We do not manage investments; we can coordinate with our registered investment advisors (RIA) to serve your needs.

84. Can you help with retirement planning?

We model contributions, cash flow, and tax impact; execution is coordinated with plan providers.

85. Do you set up retirement plans for businesses?

Yes—plan selection (e.g., 401(k), SIMPLE, SEP) with third‑party administrators.

86. Do you assist with trust and estate planning?

We handle tax/reporting aspects and coordinate with your estate attorney.

87. Can you help with lending packages?

Yes—bank‑ready financials, projections, and covenant planning.

88. Do you advise on executive compensation and equity?

We help structure tax‑aware salary, bonus, and equity/phantom plans in collaboration with legal counsel.

89. Can you build a personal financial statement (PFS)?

Yes—lender‑friendly format tied to documentation and schedules.

I) Engagement, Pricing & Billing (90–95)

90. How do you price engagements?

Fixed‑fee packages for recurring services; project‑based or hourly for complex/one‑off work; fractional CFO on retainer.

91. What’s in the engagement letter?

Scope, deliverables, timeline, assumptions, client responsibilities, fees, and confidentiality.

92. Do you require a retainer?

Often for new projects or where third‑party costs are involved.

93. How do you invoice and accept payment?

Invoices are sent electronically; we accept ACH/credit card via our secure payment provider.

94. What if scope changes mid‑project?

We’ll discuss impacts early and amend scope/fees only with your approval.

95. Do you offer service guarantees?

We stand by our work; if something isn’t right, we’ll make it right within the scope of our engagement and professional standards.

J) Technology, Security & Privacy (96–100)

96. How do I send documents securely?

Use our secure client portal rather than email for sensitive files.

97. How does CB CPA protect my data?

Role‑based access, encryption, multi‑factor authentication, vetted vendors, and documented security policies.

98. Do you share my information with third parties?

Only with your consent or as necessary to deliver services through contracted vendors, we don’t sell personal information.

99. Will you use my tax return information for other purposes?

Not without your informed, written consent, where required by law; we follow strict professional and legal standards.

100. What if I suspect fraud or a data issue?

Contact us immediately; we’ll investigate, assist with containment, and guide next steps.