Question 1

Are you a CPA or tax attorney?

Accepted Answer

No. PF Consulting Firm provides financial and business consulting, IRS representation support, and CMA (Certified Management Accountant) advisory services. For audited financial statements or formal legal tax opinions, we coordinate with a CPA or tax attorney in our network.

Question 2

Can you help with an active IRS issue (notice, audit, back taxes)?

Accepted Answer

Yes — IRS notice response, audit preparation, installment agreements, offers in compromise, penalty abatement, currently-not-collectible status, lien and levy releases, and innocent spouse relief. Bring us the notice and we'll outline your options.

Question 3

Do you prepare tax returns?

Accepted Answer

Yes — individual, small business, partnership, S-Corp, C-Corp, and nonprofit returns; prior-year and amended returns; and multi-state filings. Complex returns are coordinated with our partner CPAs.

Question 4

What's included in business financial consulting?

Accepted Answer

Bookkeeping setup, financial statement preparation, budgeting and forecasting, cash-flow analysis, profitability review, KPI dashboards, banking and lending readiness, and CFO-level advisory on a fractional basis.

Question 5

Do you help with business funding or loans?

Accepted Answer

Yes — loan-ready financial packages (P&L, balance sheet, cash flow projections, business plan), SBA and conventional loan applications, lines of credit, equipment financing, and SBA 7(a)/504 preparation.

Question 6

How is pricing handled?

Accepted Answer

Flat-fee for defined projects (tax return, loan package, IRS response) and hourly or monthly retainer for ongoing consulting. You get a written engagement letter with pricing before work begins.

Question 7

Can you set up QuickBooks or Xero for my business?

Accepted Answer

Yes — chart of accounts design, bank and credit card connections, payroll integration, sales tax setup, customer/vendor lists, opening balances, and staff training. We also clean up existing files.

Question 8

Do you handle payroll?

Accepted Answer

Yes — payroll setup, semi-monthly or bi-weekly processing, direct deposit, payroll tax filings (941, 940, state, local), W-2s and 1099s, new-hire reporting, and workers' comp audit support.

Question 9

Can you form my LLC or corporation?

Accepted Answer

Yes — entity selection guidance, Articles, operating agreement or bylaws, EIN, S-Corp election (Form 2553), registered agent, BOI report, and state initial reports.

Question 10

Do you file BOI (Beneficial Ownership Information) reports?

Accepted Answer

Yes — initial BOI filings and updates with FinCEN, plus annual review reminders so you stay compliant with CTA requirements.

Question 11

Can you help with sales tax compliance?

Accepted Answer

Yes — state registration, nexus analysis, periodic filings, marketplace facilitator review, and back-tax cleanup for prior periods.

Question 12

What's the difference between an installment agreement and an offer in compromise?

Accepted Answer

An installment agreement is a monthly payment plan for the full balance owed. An offer in compromise settles the debt for less than the full amount based on inability to pay — strict eligibility rules apply. We'll tell you which (if either) you qualify for.

Question 13

Can you stop a wage garnishment or bank levy?

Accepted Answer

We file the IRS forms needed to request release of levies and garnishments based on financial hardship, installment agreement, or CNC status. Speed matters — call as soon as you receive notice.

Question 14

Do you handle state tax issues, not just IRS?

Accepted Answer

Yes — Florida DOR, California FTB and CDTFA, Georgia DOR, New York DTF, and other state revenue departments for income, sales, and payroll tax matters.

Question 15

Can you support a Schedule C, Schedule E, or rental property?

Accepted Answer

Yes — self-employed Schedule C, rental Schedule E, K-1 pass-through income, depreciation schedules, vehicle and home-office calculations, and quarterly estimated payments.

Question 16

Do you provide fractional CFO services?

Accepted Answer

Yes — monthly or quarterly fractional CFO engagements with KPI dashboards, board reporting, cash forecasting, lender communication, and growth strategy for businesses $500K–$25M in revenue.

Question 17

Can you help with a business acquisition or sale?

Accepted Answer

Yes — quality-of-earnings review, due diligence support, working capital analysis, deal modeling, and post-close integration. Legal documents are coordinated with counsel.

Question 18

Do you do clean-up bookkeeping for prior years?

Accepted Answer

Yes — we routinely clean up 1–5 years of disorganized books, reconcile bank and credit card accounts, fix mis-categorized transactions, and produce filing-ready financials.

Question 19

Can you respond to a CP2000 or other IRS notice?

Accepted Answer

Yes — CP2000, CP14, CP504, LT11, CP90, CP297, and most other automated notices. We draft the response, supporting documentation, and follow up until the case is closed.

Question 20

Do you offer audit representation?

Accepted Answer

We provide audit preparation, document organization, and consulting support. Direct representation before the IRS in a Power of Attorney capacity is handled by our enrolled-agent and CPA partners.

Question 21

Can you help with retirement plan setup (SEP, Solo 401(k))?

Accepted Answer

Yes — SEP-IRA, SIMPLE-IRA, Solo 401(k), and SECURE Act 2.0 features. We coordinate with custodians on plan documents and annual filings (5500-EZ where required).

Question 22

Do you advise on R&D credits, WOTC, or other tax credits?

Accepted Answer

Yes — eligibility analysis and documentation for R&D credit, Work Opportunity Tax Credit, Employee Retention Credit reviews, and state-level incentive programs.

Question 23

What information do you need to give me a quote?

Accepted Answer

Entity type, gross revenue, number of employees, current bookkeeping software, and a brief description of the issue. We can usually quote within 24 hours of a 15-minute scoping call.

Question 24

How do I get started?

Accepted Answer

Submit the order form on this page or call 877-390-2041. We confirm receipt within one business day, schedule a scoping call, and send a written engagement letter before any work begins.

Bookkeeping, payroll, tax and IRS support priced by capacity, scoped by jurisdiction.

Jurisdiction intake

Potential forms confirmation — Bookkeeping

Bookkeeping

Monthly Bookkeeping

Capacity included at this price

Professional Bookkeeping

Capacity included at this price

Executive Bookkeeping

Capacity included at this price

New Bookkeeping Setup

QuickBooks Setup

QuickBooks Cleanup

Historical Bookkeeping Cleanup

Capacity included at this price

Chart of Accounts Development

Bank Reconciliation

Credit Card Reconciliation

Merchant Processor Reconciliation

Accounts Receivable Setup

Accounts Payable Setup

Transaction Categorization Cleanup

Financial Records Organization

Tax-Year Bookkeeping Cleanup

Multi-Entity Bookkeeping

Multi-Location Bookkeeping

Payroll-to-Bookkeeping Integration

Month-End Close Setup

Financial Records Reconstruction

Payment

Frequently Asked Questions

Everything for Financial — Bookkeeping, Payroll, Tax & IRS in one place.