Gillingham cpa Consulting
On an exception basis, Gillingham CPA will perform consulting / advisory work across a few categories without being engaged to file the related tax returns. Below you can see how it works with budgets and what areas we can assist with.
Please take a look at our approach and find our contact form below.
Current Availability
1 consulting engagement per month | Available now.
Currently no consulting availability at the moment.
Important
We have an upper limit on consulting budgets since this limits the scope of the engagement. Work that requires greater effort has more reporting requirements which would warrant using our standard process (involves us preparing the tax return.)
This also allows us to get some meaningful initial work going to see what value you gain and gives you a chance to learn about our working style.
Consulting Budgets
$750 Minimum to *$2,000
- $175 of the budget is a fixed charge which covers the administration of the engagement letter.
- 1/2 of the budget is collected in advance as a retainer.
- Final billing is after the work is completed.
- Consulting hourly rates are $360 for a CPA and $200 or less for staff.
- Emails are billed and can at times be more time consuming than meetings. We will recommend what we think is best and can also work asynchronously at your request even if that may increase the overall budget a bit.
How It
Works
How It Works
Book a call. After required info gathering, we can have a 20-minute consulting prospective call to see if we can assist. If we determine that we are not a good fit for the work prior to the call, we will let you know and will cancel the appointment.
We learn more and propose a general budget. Unless something is out of scope, we will look to make things on a fixed fee budget. Please let us know within a couple of weeks if you want to move forward.
Once the engagement is understood, signed, and retainer paid, we get to work. We will gather info, recommend to book calls as needed, and schedule the work.
After we are concluded and all questions satisfied, the other expected half of the billing will be sent out. Should there be a clear increase in scope or additional requests, we will do our best to address these billing increases but we cannot always guarantee this
Incentive Stock
Options Consulting
General advisory relating to Incentive Stock Options (ISOs) and Alternative Minimum Tax (AMT). We understand that not everyone has an ongoing budget for tax work, particularly in the early years of a startup.
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Pre-liquidity with no AMT issues
This is typical when trying to understand what you have and what to do. In these cases the fair market value is the same or very similar to the exercise price. -
Pre-liquidity with AMT issues
In these cases the fair market value is greater than the exercise price which can, but not always, create taxes. There is additional complexity to consider when there is no way to sell shares and you could be paying taxes. The reporting and tracking requirements are significant considerations. Depending on the amounts involved, it is likely a good idea to have a qualified CPA also file your returns and track this for you. -
Liquidity planning with AMT issues
In these cases you will need to coordinate both AMT tax and income tax. The reporting and tracking requirements are significant considerations. Depending on the amounts involved, it is very likely a good idea to have a qualified CPA also file your returns and track this for you.
Other
Typical Consulting Requests
Other Typical Consulting Requests
“Should I be an S-Corp?”
We can do this.
Consulting Budget
General min*
$750
Max budget**
$1,500
“What legal entity should I be for tax purposes?”
We can do this.
Consulting Budget
General min*
$750 Fixed cost.
Max budget**
$750 Fixed cost.
“I think the return is messed up and I need you to take a look”
We can do this.
Consulting Budget
General min*
$750
Max budget**
$1,000
“I need to understand what is up with my withholding and why I always owe taxes”
Whether self-employed, receive RSU compensation, or a bit of everything, we can assist.
Consulting Budget
General min*
$750 Fixed cost.
Max budget**
$750 Fixed cost.
“I received a letter from the IRS or FTB”
We can do this.
Consulting Budget
General min*
$750
Max budget**
$1,500
“It is possible that I have a foreign tax issue relating to accounts, business ownership, filing, giving, or receiving a gift”
Unfortunately this type of work is only performed for existing clients. We do not perform corrective work in this area.
Consulting Budget
General min*
_
Max budget**
_
*General min: Analyze, explain, propose possible resolutions
**Max Budget: Written letter that requires a tax engagement if required.
In Conclusion
When we have the capacity, we are happy to consult in areas where we think there is an impact to be had. It is understandable that not everyone has the budget for a tax firm annually or someone wants a working trial. Our goal is to do a great job so that you will want to become a full-time client.