FAQs

Q: What types of businesses do you work with?

 A: We specialize in serving service-based and food industry entrepreneurs — including restaurant owners, food truck operators, and catering businesses — as well as small to mid-sized companies seeking financial structure, clarity, and compliance.

 Q: How do I know which service I need?

A: During your discovery call, we’ll review your business goals, financial structure, and current systems. From there, we’ll recommend the best service package — whether that’s bookkeeping, tax planning, or CFO support.

 Q: Do you work with clients outside of Arkansas?

A: Yes. We work with clients nationwide through secure virtual platforms, offering the same high-level service as in-person consultations. ⸻ Bookkeeping Services

 Q: What does your bookkeeping service include? A: Our bookkeeping includes monthly transaction categorization, reconciliations, profit and loss reporting, and financial statements. We also provide monthly reviews and highlight key insights to help you make better financial decisions. Q: How often will my books be updated?

A: Books are maintained on a monthly basis. For clients on growth or CFO plans, we also provide mid-month reviews and cash flow updates.

 Q: Do you offer cleanup for previous months or years?

 A: Absolutely. We specialize in bookkeeping cleanup and catch-up for businesses that have fallen behind. This ensures your financials are accurate and ready for tax season or funding opportunities.

 Q: Which accounting software do you use?

 A: We primarily use QuickBooks Online for its efficiency, accuracy, and accessibility. However, we can accommodate other accounting systems based on client needs. ⸻ Tax Preparation Q: What types of tax returns do you prepare? A: We prepare both individual and business tax returns — including LLCs, S-Corps, and partnerships — ensuring full compliance with federal and state requirements.

Q: How do I submit my tax documents securely?

 A: We use an encrypted client portal where you can upload all your financial documents safely. You’ll also receive automated confirmations once files are submitted.

Q: Do you file tax extensions or amended returns?

A: Yes. We handle extensions and amended returns to correct errors or update previously filed information.

Q: How can I check the status of my tax return?

A: Once your return is filed, we’ll provide you with an IRS confirmation and filing acknowledgment. You can also track your refund using the IRS “Where’s My Refund” tool. ⸻ Tax Planning

Q: What’s the difference between tax preparation and tax planning?'

 A: Tax preparation is reactive — it focuses on filing your taxes correctly. Tax planning is proactive — it identifies deductions, credits, and strategies throughout the year to legally minimize your tax liability.

Q: How often should I review my tax plan?

 A: We recommend quarterly reviews to ensure your plan aligns with changes in your business income, structure, or tax laws.

Q: Can tax planning really save me money?

 A: Yes. Strategic tax planning can reduce your tax burden, improve cash flow, and help you reinvest savings back into your business.

Q: Is tax planning only for large businesses?

A: Not at all. Small business owners benefit significantly from tax planning, especially when scaling or restructuring. ⸻ Business Structure & Compliance

Q: What is business compliance, and why is it important?

A: Compliance ensures your business meets all legal, tax, and regulatory requirements. Staying compliant protects your company from penalties, audits, and unnecessary financial risks.

 Q: Do you help with LLC and S-Corp setup?

 A: Yes. We guide you through entity formation, EIN registration, state filings, and selecting the right tax election to maximize tax savings.

Q: Can you review my current business structure for accuracy?

 A: Absolutely. We perform business structure audits to ensure your entity type and tax classification align with your long-term goals and financial needs.

Q: What happens if my business isn’t compliant?

A: Non-compliance can lead to penalties, fines, or the loss of business standing. We help clients identify gaps and quickly bring their business back into compliance. ⸻ Fractional CFO Services

 Q: What is a Fractional CFO, and how is it different from a bookkeeper?

A: A Fractional CFO provides high-level financial strategy — including cash flow management, forecasting, budgeting, and profitability analysis. Bookkeepers manage day-to-day transactions, while CFOs help guide long-term financial decisions.

 Q: Who is the ideal client for Fractional CFO services?

 A: Business owners generating six to seven figures who are ready to scale, improve profitability, and make data-driven financial decisions.

Q: How often will I meet with my CFO?

A: Our standard packages include bi-weekly or monthly strategy sessions, depending on the service level you select.

Q: Can Fractional CFO services help me prepare for investors or expansion?

A: Yes. We create detailed financial forecasts, cash flow projections, and reports that position your business for funding, expansion, or acquisition. ⸻ Getting Started

 Q: How can I begin working with Y. Hunter Professional Services?

A: Simply schedule a consultation through our website. During the call, we’ll assess your current needs and recommend the most effective service package.

Q: What payment methods do you accept?

A: We accept all major credit/debit cards and ACH transfers. Payment plans are available for select services.

Q: How will we communicate during our partnership?

A: You’ll have access to your client portal for document exchange, and we’ll meet virtually or in person as outlined in your service agreement.