Common Questions From Clients

How long should I keep my tax records?

In short, you should keep records for three years from the date you filed your original return or two years from the date you paid the tax, whichever is later if you file a claim for credit or refund after you file your return. Keep records for seven years if you file a claim for a loss from worthless securities or bad debt deduction.

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Further information on this topic can be found here. 

What is the difference between an accountant, CPA, and bookkeeper?

Whether you’re the owner of a local shop or you’re doing your business online, accounting and bookkeeping are equally important for your business. Both have the same goal: to manage your financial help and make your business stronger.  Bookkeeping is the process of gathering data associated with your business activities, while accounting analyzes that data, helping you make better decisions for your business. Both are essential for a successful venture.  While bookkeepers record and categorize transactions, an accountant analyzes them, gives business owners advice on future business decisions, and helps business owners run their business better and, more importantly, according to the law. Accountants are responsible for payrolls and taxes, too, so they must stay up to date with state laws.

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A CPA is a certified public accountant, which is an accountant with a state license to practice. CPAs assist businesses with the management of expenses and investments and help with financial planning. They also have the ability to perform more advanced taxation and auditing services.

How do I know if Grogan Accounting Services is right for my needs?

Grogan Accounting specializes in outsourced accounting services for both individuals and small business owners. The firm that makes the most sense for you depends on many different factors such as your budget, the structure of your business, and your current accounting needs. Whether you are an individual who needs accounting advice or a small business owner who simply doesn't have time to do the company's accounting, Grogan Accounting Services can help! 

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Conveniently located off of I20 in Pell City, Alabama, Grogan Accounting Services provides personalized service at a price you can afford! With over 25 years of experience and lifelong clients, we pride ourselves on providing "always" service ... always friendly, always knowledgeable, always helpful.  ALWAYS!

Do you offer extended hours during tax season?

Not only do we offer extended hours during tax season, we offer after hours appointments as needed to meet the needs of our clients.