Check out the FAQ's below! If you can't find the answer to your question, please visit the Contact page to get in touch.
Q: Do you offer tax return services?
A: Yes we do, but these services are reserved for monthly clients. If you are interested in receiving support with your tax returns, please visit this page to learn more about how MLHC can help you prepare for the next tax season.
Q: Are your services month to month or is there a long-term commitment?
A: The Bookkeeping Essentials Package is a month to month service while the Accounting Pro, Fractional CFO and Preferred Fractional CFO Packages have a 12 month commitment. These parameters ensure the quality of service you will receive when working with the team at MLHC. Click here to learn more about these package options and see which is the best fit for you.
Q: What is bookkeeping and why is it important?
A: Bookkeeping is all about keeping track of the numbers for your business — including income, expenses, tax filings, and more. Bookkeeping is essential for businesses since it is impossible to make informed decisions without it. This can feel overwhelming for business owners who are occupied with running their business, and is a service that is best left to the professionals. Click here to learn more about how MLHC can be supporting you with your bookkeeping needs.
Q: When’s the best time to get business advisory services?
A: Most businesses look into hiring a business advisor when they hit their first rapid growth spurt, and are having a hard time keeping up with the growing demands of their customer base. A good business advisor helps you understand your numbers as well as the implications of the costs associated with improving the efficiency of your business operations — so that you can grow your business sustainably. Click here to learn more about MLHC’s business advisory services.
Q: What is “business development”?
A: Business development is a term that refers to the strategic growth of your business based on key metrics that are discussed when you receive business advisory services. This process often involves standardizing procedures, building a sustainable growth plan, and optimizing your day to day operations. Click here to learn more about how MLHC can be supporting your business development needs.
Q: When’s the best time to hire a bookkeeper?
A: It is always advised to hire a bookkeeper at the very start of your business (regardless of the type of business you have) since mistakes can be costly, and time-consuming to fix — especially if you own a corporation. If you are just starting out and can’t afford professional help, you can click here to purchase our bookkeeper-certified excel templates to stay organized until you can hire a professional bookkeeper. Click here to learn more about MLHC’s bookkeeping services.
Q: What are the consequences of NOT hiring professional accounting support?
A: It can feel tempting to cut corners with your accounting when money is tight, and you feel like you’re doing “ok” with keeping track of your numbers. Unfortunately, a number of things can go wrong if you have messy bookkeeping. Without a clear picture of where your numbers are at, you won’t actually know how your business is doing, if you’re actually making money, or what changes you need to be making on the ground-level to be hitting your year-end targets. Sustainable business growth starts with having clean books!
Q: What packages do you offer?
A: MLHC offers different levels of support for your accounting needs, ranging from monthly bookkeeping services and payroll to tax preparation and business development advising. Click here to learn more about these services.
Q: If I already have an accounting department, can you still help me?
A: Absolutely! MLHC offers a Preferred Fractional CFO Package for business owners who want the flexibility of working with their own accounting team while receiving dedicated support for business development, improving internal processes & procedures, and making big financial decisions. To be eligible for this service, you are required to go through a paid diagnostic review to check for compliance and compatibility. Click here to learn more about this service, which is offered as an alternative option to the Fractional CFO Package.
Q: Why don’t you offer tax filing services for non-monthly clients?
A: Unfortunately, tax filing is a process that can get very complicated when your books are not kept up to date. Business owners who don’t work with a professional bookkeeper often make mistakes that are too costly and time-consuming to fix when left to the last minute during tax season. The more familiar your accountant is with your books, the better they will be able to make professional recommendations and help you plan ahead for the next tax season.