Frequently Asked Questions
At AFSG Consulting, we know accounting questions don’t just come up at tax time.
Our FAQ library gives you quick, plain-English answers about bookkeeping, payroll, tax filings, and business formation—so you can make confident financial decisions year-round. Whether you’re setting up a new company, filing your annual report, or preparing your return, this page is your go-to resource for trusted accounting guidance in Deerfield Beach and beyond.
AFSG’s accounting services cover day-to-day bookkeeping, financial reporting, payroll management, and tax preparation. We make sure every transaction is recorded accurately, helping business owners maintain compliance and understand their financial performance year-round.
Most clients benefit from quarterly reviews to track cash flow, tax liability, and growth metrics. However, AFSG offers flexible scheduling—monthly, quarterly, or annual—depending on your business size and transaction volume.
Yes. AFSG makes transitions seamless by reviewing your previous financial records, reconciling your accounts, and setting up secure data transfers. We ensure your books remain accurate and compliant through every step of the changeover.
QuickBooks is a great tool, but professional accounting ensures accuracy, compliance, and strategic insight. AFSG’s accountants go beyond data entry by interpreting your numbers and offering tax-smart guidance to improve profitability.
Our team serves a wide range of industries including real estate, healthcare, law, construction, and professional services. We tailor accounting solutions to meet the unique reporting and tax requirements of each field.
A BOI filing reports who owns or controls your company, as required by the Corporate Transparency Act. It’s designed to prevent fraud and money laundering. AFSG ensures your submission meets all FinCEN requirements and deadlines.
The best structure—LLC, S-Corp, or C-Corp—depends on your tax goals, liability concerns, and future growth plans. AFSG helps evaluate your options and file the correct paperwork with the Florida Division of Corporations.
New entities formed after January 1, 2024 must file within 90 days of registration. Existing businesses have until January 1, 2025 to complete their initial filing. AFSG tracks key dates and manages submissions on your behalf.
Typically, you’ll need your business name, registered agent information, EIN, and ownership details. AFSG prepares and files your Articles of Organization or Incorporation and helps establish your operating agreements and BOI documentation.
Yes. AFSG provides end-to-end support—from business setup to annual reports and BOI updates—so you stay compliant with both state and federal regulations without missing a filing deadline.
Every active business entity in Florida—LLC, corporation, or partnership—must file an Annual Report with the Division of Corporations each year to maintain active status. AFSG handles this process to ensure your company remains in good standing.
The filing deadline is May 1 of each year. Reports submitted after that date incur a $400 state penalty. AFSG schedules and completes your filing early so you never risk a late fee or administrative dissolution.
You’ll need your business name, document number, principal address, registered agent details, and updated officer or member information. AFSG verifies and updates all records before filing to ensure accuracy with the state database.
Yes. The Annual Report process is the ideal time to update your company’s registered agent, mailing address, or officer information. AFSG can make all updates in a single, compliant submission.
Missing the deadline results in an automatic $400 penalty and may lead to administrative dissolution if left unresolved. AFSG assists with reinstatement filings and ensures your company’s status is restored quickly.
Ideally, you should begin gathering tax documents in January, as soon as W-2s, 1099s, and deduction receipts arrive. AFSG helps clients prepare year-round, so tax filing becomes a simple, stress-free process when deadlines approach.
Bring identification, last year’s return, income forms (W-2, 1099), and documentation for deductions or credits such as mortgage interest, charitable contributions, or childcare expenses. AFSG provides customized checklists to ensure nothing is missed.
Yes. AFSG prepares federal and state tax returns for individuals, LLCs, S-Corps, and corporations. We also assist with quarterly estimated taxes and year-end planning to help reduce your overall tax burden.
Tax savings come from proactive planning. AFSG identifies eligible deductions, credits, and timing strategies that align with your income and goals—helping you keep more of what you earn while staying fully compliant with IRS rules.
If you owe more than you can pay, AFSG can help you set up an IRS payment plan or explore an Offer in Compromise. We communicate directly with the IRS on your behalf to avoid penalties and protect your financial standing.
Tax checklists help you gather the right documents before filing—income forms, deductions, and credits—so nothing is overlooked. AFSG’s customized checklists save time, prevent errors, and ensure you’re fully prepared for your tax appointment.
Yes. AFSG offers tailored checklists for individual taxpayers, small business owners, and corporations. Each version outlines the exact records, receipts, and forms needed for an accurate and efficient tax filing.
Absolutely. You can download printable versions directly from our website or request a personalized digital copy via email. AFSG updates all checklists annually to reflect the latest IRS requirements and deductions.
Tax worksheets track income, expenses, and deductions throughout the year. By completing them quarterly, you can identify tax-saving opportunities early and make adjustments before year-end. AFSG helps interpret your data for proactive planning.
If a document is missing, AFSG can help you request copies from employers, banks, or the IRS. We’ll verify which items are essential and which can be substituted with supporting records to complete your return accurately.
Our payroll service covers everything from paycheck calculation and direct deposits to payroll tax filings and year-end W-2 and 1099 preparation. AFSG ensures every employee is paid accurately and on time while keeping your records compliant.
We handle all federal and state payroll tax filings, including Form 941, unemployment taxes, and wage reports. AFSG monitors regulatory changes so your business avoids penalties and stays compliant throughout the year.
Yes. AFSG supports businesses with remote teams or multiple state operations. We manage varying tax rates, state filings, and compliance requirements across jurisdictions.
AFSG uses secure, cloud-based payroll platforms that integrate with your accounting system. This ensures real-time reporting, accurate data syncing, and easy employee access to pay stubs and year-end forms.
We can process payroll on weekly, bi-weekly, semi-monthly, or monthly schedules depending on your company’s needs. AFSG also supports special payroll runs for bonuses or commissions when needed.
Yes. AFSG provides complete QuickBooks setup for new and existing businesses, including chart of accounts design, payroll integration, and bank feed connections. We tailor your setup to match your industry and reporting needs.
Absolutely. AFSG offers one-on-one and group training sessions that teach business owners and employees how to manage daily transactions, reconcile accounts, and generate reports confidently.
We support both QuickBooks Online and QuickBooks Desktop, depending on your workflow and collaboration needs. Most clients choose QuickBooks Online for real-time access, automatic backups, and secure remote management.
Yes. If your QuickBooks file contains duplicate accounts, unreconciled transactions, or missing records, AFSG performs a detailed review and cleanup to restore accurate financial data and reporting integrity.
QuickBooks streamlines collaboration. AFSG connects directly to your QuickBooks file to manage reconciliations, review reports, and provide tax-ready financials—all without interrupting your daily bookkeeping.