Q. Can I hire an accountant who doesn't live in my area?

A. Absolutely! Although C.P.A.'s must be licensed to practice, a C.P.A. does not have to be licensed to practice in any particular state, and the high quality of tax and accounting software used by Woloshen and Herman provides tax rate tables, forms and instructions for all 50 states. With today’s availability of fax machines, e-mail and express delivery services, all necessary paperwork can be easily sent from any location. Also, for many individuals and small businesses, the vast majority of their accountant's work is advisory, which can be done just as well by phone as it can in person. The personal service we offer is not limited to clients sitting at the opposite side of the desk! If you are considering forming a New York or New Jersey corporation, it is of great benefit to you to hire a C.P.A. who is fully versed in the regulations and policies of that state. And, depending on your situation, a trip once a year to visit your accountant, Woloshen and Herman, may very well be tax deductible! The New York and New Jersey metropolitan area is a nice place to play and live; please feel free to call for an appointment if you are heading this way.

 Q. Why should I hire a C.P.A. to prepare my tax return?

A. A C.P.A. is not only fully trained and experienced in the extremely complicated world of taxation, but his license also requires continuing education in the field. When you own a home, have investments, own a business or have other sources of outside income, you need a C.P.A. to prepare your tax return. When you have assets, investments, life changes, relocate, income fluctuations, a business or outside sources of income, the tax deduction and credit options available to you are numerous, and very often confusing. Woloshen and Herman's 32 years of extensive experience with tax preparation will ensure that every detail is considered and that you receive every possible deduction and credit to which you are entitled. And no, a C.P.A. does not have to be expensive to be good. Our fee is based on your individual situation, and not on hourly rates. After your initial consultation, you will know what the total fee will be, and you will be under no obligation to have us continue with your work.

 Q. Why does my business need an accountant?

A. If you are like most business owners, you have knowledge, drive and a strong affinity for your industry; you know your product inside and out, and enjoy promoting it and generating enthusiasm for it. But every business is in existence to make money, and every business requires money to keep it alive. Keeping track of the money that you are earning, spending and saving is crucial to your success. Do you have as much knowledge, drive and affinity for financial record keeping as you do for your company? Many people don't, and for them, the nominal cost of having a professional take care of their all-important financial needs is well worth it. Even if you have an in-house bookkeeper, or your own computer software to take care of daily transactions, do you know what the numbers actually mean in terms of true profit? Are you up to date on the sales and payroll tax regulations and due dates? Can you read the trends in Financial Statements to know where you are succeeding and where you need to pay closer attention? Do you understand the different advantages and disadvantages of operating as a sole proprietorship, a C corporation or an S Corporation? Can you figure depreciation schedules on capital assets (like machinery, furniture and computers) for your corporate return? Even the best auto mechanic, sporting goods retailer or insurance agent on the block needs to deal with these issues, and many, many more. We deal with them every day; they don't need to be a burden to you, or a distraction from what you enjoy most - building your business. Please call to see how we can help.

 Q. What do we mean by "Professional Service with a Personal Touch"?

A. Woloshen and Herman's philosophy: When you hire a C.P.A. for his expertise and experience, you are entitled to have their personal attention, not only to the job at hand, but to all of your financial needs. Mr. Woloshen is always accessible to his clients, ready to listen to their questions and concerns, available to give answers and to research unusual or special circumstances. His clients know that they get honest opinions and accurate facts. Clients can call him with tax questions any time of the year and receive prompt answers. There are many large accounting firms in existence, who do excellent work, but who utilize scores of assistants to intercept the majority of inquiries and jobs. With Mr. Woloshen's commitment to creating personal as well as professional relationships with his clients, our company may never become big or famous, but we would much rather be very good at what we do, at a competitive price, and be able to offer our clients the personal attention that they deserve.