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COMMON QUESTIONS FROM CLIENTS

HOW DO I KNOW IF THE SIMBA GROUP IS RIGHT FOR MY NEEDS?

We get it! We have the same credentials that the other guys have, so what's so special about us? We're glad you asked!

The Simba Group cares more about your success than our bottom line. That's because our goal is to share in your long term success. It's in our best interest to remain a high character, high quality, high value business. This is why we have a laser focus on your long term trajectory, built by smart decision making and short term success. This is why we are particular with those who we take on as clients. We want to walk side-by-side with you well into the future, maintaining a fidelity to each and every one of our clients. When you win, we can't lose!  

WHAT ARE THE DIFFERENCES BETWEEN AN ACCOUNTANT, A CPA AND A BOOKKEEPER?

The typical bookkeeper does not have a college degree and is primarily responsible for many of the routine data entry tasks, entering transactions into the bookkeeping journals (A/R, A/P, etc.).

Most accountants likely have a college degree in accounting and are responsible for making more complex adjustments to a company’s books, preparing financial statements and helping management to understand the impact of past and future fiscal decisions.

A certified public accountant, or CPA, generally has a four-year college degree and an extra 30 hours of college coursework beyond the bachelor’s degree. Accounting experience is required before becoming a CPA and all states require the passing of a standardized CPA exam set up by the American Institute of Certified Public Accountants to become licensed. CPAs are prepared to handle a variety of tasks related to financial matters for businesses and individuals, including financial planning, tax preparation and advice, retirement planning, investment planning and internal auditing, preparation and maintenance of financial records and monitoring financial reports for criminal activity, inaccuracies and inefficient expenditures. 

HOW LONG SHOULD I KEEP MY TAX RECORDS?

Generally, you should keep records for at least 3 years from the date you filed your original return or at least 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction. We advise our clients to save their records in order to track your history. You can only know where you're going, if you know where you've been!

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