Frequently Asked Questions!!

Have questions about our tax and financial services? We’re here to help! Browse our FAQs to learn about tax & financial strategies, retirement planning, wealth management, and more. If you need personalized advice, feel free to contact us!

🧾Tax return Services (Individual & Business)

What documents do I need to file my individual tax return?

You’ll need W-2s, 1099s, interest statements, deductions (mortgage interest, charitable contributions, etc.), and any other income or expense records.

How early can I file my tax return?

Typically, the IRS opens filing in late January. We can prepare your return beforehand so you’re ready to submit as soon as filing begins.

Can Kuuni Partners file both federal and state tax returns, for any state?

Yes, we handle both federal and state filings for all U.S. states.

How do I know if I qualify for tax credits or deductions?

Our team reviews your income, dependents, and expenses to identify eligible credits such as Child Tax Credit, EITC, and education deductions.

What if I’m self-employed or own a small business?

We specialize in self-employed and business returns, including Schedule C, partnership (1065), S-Corp (1120S), and C-Corp (1120) filings.

How long does it take to get my refund?

Refunds typically take 7–21 days if filed electronically and with direct deposit.

Do you handle amended returns?

Yes, if you find errors or receive updated information, we’ll help you file Form 1040-X to correct your return.

What happens if I miss the tax deadline?

We can help you file for an extension or minimize penalties if you’ve already missed the deadline.

Can Kuuni Partners represent me if the IRS audits my return?

Yes, our licensed professionals can communicate with the IRS on your behalf.

Do you offer virtual tax return services?

Yes — our secure portal allows you to upload documents and file your taxes remotely.

💼 Tax Planning & Advisory

What is tax planning?

Tax planning helps minimize your tax liability legally through strategic timing, deductions, and entity structuring.

How often should I review my tax plan?

We recommend at least once a year, or after major life changes (marriage, new job, business growth, etc.).

Do you offer year-round advisory services?

Yes, we provide continuous support and proactive tax-saving strategies throughout the year.

Can you help reduce my business tax burden?

Absolutely. We analyze your expenses, deductions, and entity structure to identify savings opportunities.

What types of clients benefit from tax advisory services?

High-income individuals, business owners, and investors benefit most from professional tax strategy.

How can tax planning help with retirement savings?

We structure your retirement contributions (IRA, 401(k), etc.) to maximize deductions and future growth.

Do you help with multi-state tax issues?

Yes, we advise clients who operate or earn income across multiple states.

Can tax planning help avoid IRS penalties?

Yes, proper planning ensures compliance and reduces the risk of penalties or underpayment.

Do you provide advisory for international clients?

Yes, we specialize in expat and foreign income tax strategy.

How is Kuuni Partners different from other tax advisors?

We combine tax expertise with financial planning and business insight for holistic, long-term value.

💰 Financial Planning

What does financial planning include?

Our services cover budgeting, investment strategy, insurance, retirement, and estate planning.

Who needs financial planning?

Anyone who wants to build wealth, manage debt, or prepare for major financial milestones.

How do you create a personalized plan?

We start by assessing your goals, income, expenses, and risk tolerance to build a customized roadmap.

Can you help me save for college or retirement?

Yes, we help families plan for education costs and retirement income through smart savings strategies.

What’s the difference between tax planning and financial planning?

Tax planning focuses on minimizing taxes, while financial planning ensures overall financial growth and stability.

Do you offer investment management?

Yes, we collaborate with trusted partners to align your investment strategy with your financial goals.

How often should I update my financial plan?

We recommend annual reviews or after significant life events (new job, marriage, inheritance, etc.).

Is financial planning only for high-income individuals?

Not at all — our goal is to help everyone improve their financial health, regardless of income level.

Do you provide life insurance and annuity guidance?

Yes, we help select policies that align with your financial and family goals.

Can you help with debt management?

Yes, we create structured repayment plans to reduce debt and improve credit health.

🧾 IRS Resolution Services

What is IRS resolution?

IRS resolution involves resolving tax issues such as back taxes, penalties, and audits.

What types of IRS problems can you help with?

We handle audits, wage garnishments, tax liens, and unfiled returns.

Can you negotiate with the IRS on my behalf?

Yes, we represent clients directly before the IRS to achieve the best possible outcomes.

What is an Offer in Compromise?

It’s an agreement with the IRS to settle tax debt for less than the full amount owed.

Do you assist with tax installment agreements?

Yes, we help negotiate manageable monthly payment plans.

How do I stop IRS wage garnishment?

Our team can intervene and negotiate with the IRS to release or reduce garnishments.

Can you help remove IRS penalties?

Yes, we pursue penalty abatement for eligible clients.

How do I handle unfiled tax returns?

We help you file past-due returns quickly and accurately to get back in compliance.

What if I owe more than I can pay?

We assess your situation and explore options like offers in compromise, payment plans, or hardship relief.

Can Kuuni Partners prevent future IRS issues?

Yes, through proactive tax planning and compliance monitoring.

📊 Bookkeeping & Payroll

What bookkeeping services do you offer?

We handle daily transaction recording, account reconciliation, and financial reporting.

Do you work with QuickBooks or other software?

Yes, we support QuickBooks, Xero, and other major accounting platforms.

Can you manage payroll for my small business?

Absolutely — we handle payroll processing, tax withholding, and compliance reporting.

How often do you reconcile accounts?

Typically monthly, though we can provide weekly or quarterly reconciliations.

Do you offer virtual bookkeeping?

Yes, all bookkeeping and payroll services can be managed remotely.

Can you prepare financial statements for my business?

Yes, we provide profit & loss, balance sheets, and cash flow reports.

How do you ensure data security?

We use encrypted systems and secure cloud storage to protect client information.

Do you manage 1099s and W-2s?

Yes, we prepare and file all payroll-related tax forms.

Can you fix bookkeeping errors from a previous accountant?

Yes, we provide cleanup services to correct past records.

How do I know my books are accurate?

We reconcile every account monthly and provide transparent reports for your review.

💼 Fractional CFO Services

What is a Fractional CFO?

A part-time or outsourced CFO who provides strategic financial leadership without the cost of a full-time hire.

Who benefits from Fractional CFO services?

Small to mid-sized businesses seeking growth, financial clarity, or investor readiness.

What does a Fractional CFO do?

We manage financial forecasting, budgeting, cash flow, and strategy development.

Can you help with investor presentations or funding?

Yes, we prepare financial statements, pitch materials, and growth projections for funding rounds.

How do Fractional CFO services differ from bookkeeping?

Bookkeeping tracks transactions; CFO services drive strategy and decision-making.

Do you offer monthly reporting and insights?

Yes, we deliver KPI dashboards, trend analysis, and strategy recommendations.

Can you assist with business expansion planning?

Yes, we build scalable financial models and growth strategies.

What industries do you serve?

We work with startups, healthcare, retail, real estate, and service-based businesses.

How often will we meet with our CFO?

We tailor meeting frequency to your business — weekly, bi-weekly, or monthly.

How can a Fractional CFO improve profitability?

By optimizing cash flow, reducing costs, and aligning financial metrics with growth goals.