Know where you stand financially.

We have three requirements that allow us to deliver the most accurate bookkeeping and accounting services:

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(1) Electronic transaction access from your bank (most banks have this)

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(2) Expense reporting software (we get you set up on Quickbooks Online)

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(3) No commingling of personal expenses in your business - this is a big one!

Absolutely! Support and questions are included in your plan, and actively encouraged. Bookkeeping and payroll are services that are very much a two-way street when it comes to communication, so we expect to develop communication with you on a regular basis.

Yes, we use industry-standard bookkeeping and payroll software that you will gain a subscription to as part of our services. For bookkeeping, we prefer Quickbooks Online as all bookkeepers in our firm are Quickbooks ProAdvisors - meaning they are experts in everything to do with Quickbooks! For payroll, we usually use Gusto.

We do all our bookkeeping in Quickbooks Online because it offers a number of advantages to our clients:

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‍Seamless tax preparation - virtually every tax preparer in the US knows how to work with Quickbooks Online, so if you don't want Financial Umbrella to do your taxes in-house, you'll have the freedom to choose any tax preparer you want.

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Industry standard - in addition to tax preparers, most other financial professionals like attorneys, bankers, and venture capitalists, all know how to work with Quickbooks. ‍

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‍Data Portability - using Quickbooks Online means you're not locked in. If you ever decide to move on from Moravia Advisors, your data and your Quickbooks Online subscription go with you.

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See a whole blog post on why we like Quickbooks Online here!

Yes, we have done this for a number of clients coming from Quickbooks Desktop, Xero, Wave Accounting, Freshbooks, Zoho Books, and more!

We sure do! If you have payroll services with us, that includes preparation, filing, and mailing of W-2 forms, as well as 1099 forms for contractors paid through your payroll software package. If you have bookkeeping services with us, that includes preparation, filing, and mailing of 1099 forms to all necessary vendors and independent contractors. We can also provide 1099 services even if your books aren't done by Financial Umbrella - we would just need some extra information from you to ensure everything is up to our standards.

Sales tax filings are on a case-by-case basis, dependent upon our advisors' experience in your state(s) and whether your business performs services or sells goods in multiple states. While we want to help each and every one of our clients with their sales and use tax filings, our clients performing services or selling goods numerous states would benefit more from an automated sales tax monitoring and remittance system. We recommend Tax Valet to our clients who perform business in many states.

Financial Umbrella works exclusively with service-based businesses, entrepreneurs, and nonprofit organizations. This may include (but is not limited to) medical providers, restaurants, online creators, influencers, entrepreneurs in the service industry, janitorial providers, and other professional service providers.

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We do not work with businesses whose main purpose is to sell products.