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Frequently asked questions

Our accounting and tax practice offers a wide range of services including, but not limited to bookkeeping, tax preparation, financial statement preparation, and consulting services.  We specialize in real estate transactions, such as 1031 exchanges, cost segregation analysis, and FIRPTA certificates. Other specializations include ITIN applications and international taxes for foreign investors. 

Accounting is the backbone of any business. It is defined as the process of recording financial transactions pertaining to a business. This process includes summarizing, analyzing, and reporting financial data. Without proper accounting services, it is difficult to obtain a true picture of how your business is performing. It is also difficult to track what areas are doing well and what areas are not. Accounting is necessary for decision making and budget planning.

We encourage our clients to be as involved as possible. In fact, the more involved, the better. However, the point of having an accountant is to free up time that can be dedicated to building and growing your business. Once we setup your QuickBooks and obtain all relevant information to setup your chart of accounts and sync your accounts with the QuickBooks, then it is just a matter of maintaining and following up with you regarding unfamiliar transactions. Once the month is closed, our team will forward all statements for your review and discuss any concerns at that time.

The cost of our services varies depending on the specific needs of each client. We will provide a detailed quote for our services after discussing your needs and requirements.

Yes, we work with clients all over the world and United States. Technology has allowed us to help clients remotely.

The process for filing taxes includes gathering all necessary financial documents, completing any necessary forms, and submitting them to the relevant tax authorities by the deadline. Our team can assist you with this process every step of the way.

Yes, we offer virtual consultations for clients who prefer not to meet in person or are located outside of our local area.

Yes, we offer online accounting services for clients who prefer to access their financial information and documents remotely.

Bookkeeping refers to the process of recording financial transactions, such as sales and expenses, on a day-to-day basis. Accounting is the process of analyzing, interpreting and communicating financial information to make informed decisions.

Yes, we can help you create a budget that is tailored to your specific needs and goals. This includes forecasting income and expenses, identifying areas for cost savings and creating a plan for achieving financial stability.

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Gratus provides comprehensive analysis and specialized services to individuals, small
to medium sized businesses, as well as nonprofit and social sector organizations.

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