Nova Tech
FAQs
I just started my business; do I need an accounting firm, or can I do it all by myself?
When it comes to scaling your business, bankers and investors want accurate historical and current records. Many business owners often take on the unnecessary burden of keeping their own books and filing their own taxes. Soon enough they realize they do not have the time to focus on their financial health and running their operations at the same time. Nova Tech can help you keep accurate financial and tax records and GAAP based financials at any stage of your company’s life. Whether you just opened a small flower shop or started your own Medical Professional Office or started your own Coaching business-Nova Tech will be there guiding and advising you at any stage.
What services do you provide?
Nova Tech specializes in Outsourced Accounting, Automation of Business Processes and CFO Services. We have an experienced team of accountants and CPAs that can do your monthly/quarterly/yearly books, payroll, taxes and financial reporting. We can help you with budgeting, forecasting and financial modeling. We offer affordable and smart solutions to businesses of all sizes.
What is the difference between tax and financial accountant?
Tax and financial accountant have one word in common- accountant. Those two can be the same but are usually very different beasts. As with medical doctors- every one of them went to a medical school but ended up specializing in different parts of the body and healing of it- tax and financial accountants specialize in different fields of accounting profession. Tax accountants specialize in all things tax: be it income or sales tax. They follow tax legislations closely and are VERY needed when it comes to saving you money on taxes or bailing you out when IRS comes knocking on your door. Financial accountants specialize in financial analysis of the business. They focus more on reporting, analysis, forecast and budgeting. They typically don’t and aren’t required to follow the ever-changing landscape of tax profession and regulations (unless they are a practicing CPA).
What is the difference between bookkeeper, accountant, and a CPA?
Bookkeepers’ role is to focus on accurate record keeping of daily accounting life cycle of any operations. Accountant’s role is to interpret those records and convert them into meaningful data and reporting that helps management with analytics and forecasting. A CPA is a State licensed accountant that can do any of the mentioned tasks as well as offer more State regulated services. Those services can range anywhere from Business Record’s Attestation to Tax Preparation/Filings and IRS representation. Nova Tech has both Accountants and CPAs to help you with any business needs you have.
What are your service fees?
Nova Tech’s goal is to ensure every business succeeds. There is no such thing as too small or too large of an account or operations. We assess your needs during initial (free!!!) consultation call/meeting so we can give you the most accurate quote.
I have a business that sells on-line how do I navigate the complexity of tax, sales tax and regulations?
Nova Tech specializes in online retailers that often sell in more than one state, on more than one platform and have complex tax and sales tax issues. Nova Tech has a team of tax specialists to assist with any tax/regulation questions you have, and we have various automated apps that can assist with reporting and making sense of all the numbers pulled from different platforms.