Frequently asked questions

Can I implement the strategy myself?

You can coordinate records and approved tasks, but should not infer eligibility from this roadmap. For example, entity classification requires the factual distinction described in IRS — Entities 3: LLC tax classification and appropriate professional review.

Who checks the assigned CPA?

The finance lead can record a dated licence lookup and resolve unclear matches with the board. NASBA — What is CPAverify? explains the official-data basis of CPAverify; a name match alone is not a full diligence review.

Can payroll software decide owner compensation?

Do not use software output as the sole rationale for the amount. The factors in IRS — S corporation compensation and medical insurance issues should be reviewed by the responsible professional before payroll execution.

Should the retirement administrator join early?

Yes, when retirement funding is central to the proposal, obtain implementation and ongoing administration input before approval. FuturePlan — Retirement plan capabilities shows why actuarial and plan-administration services are distinct from the tax-adviser role.

How do we handle confidential files?

Agree the transfer channel, access and retention terms before exchanging detailed records. Use IRS — Tips to help tax professionals protect client information to frame questions about the firm’s security programme.