About Capital Tax

Do you have a dedicated calendar or system for tracking all federal (IRS), state, and local tax filing deadlines?

In the last 12 months, have you received any notices, audits, or penalties from the IRS or state tax authorities?

Does your business maintain organized records (e.g., receipts, invoices) for at least 7 years, as required by IRS rules?

Are you confident that your employee classifications (e.g., W-2 vs. 1099) comply with current labor and tax laws?

Do you file quarterly estimated taxes on time if your business expects to owe $1,000+ annually?

Do you regularly review your profit and loss statement to calculate gross profit margins (revenue minus cost of goods)?

What's your approximate monthly cash flow surplus (or deficit) after covering all expenses?

Do you track key performance indicators (KPIs) like customer acquisition cost or inventory turnover monthly?

Have you identified and deducted all eligible business expenses (e.g., home office, mileage) on your last tax return?

Is your pricing strategy based on a markup that ensures at least 20–30% net profit after taxes and overhead?

Do you use accounting software (e.g., QuickBooks, Xero) to automate invoicing and expense tracking?

How many hours per week does your team (including you) spend on manual bookkeeping or reconciliation tasks?

Are your bank/credit card feeds automatically imported and categorized in your accounting system?

Do you outsource or use apps for payroll processing to ensure timely and accurate payments?

Have you implemented cloud-based document storage (e.g., Google Drive, Dropbox) for easy access to financial records?