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Salvation Army Valuation Guide
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Below are answers to questions most frequently asked of us. Please click a topic. What does PC in Michael A. Kolb, PC stand for? What's your rate of return on investments? Why does your company have two names? If I get audited, will you represent me? What are your fees and how do you charge for your services? Will you check my last years tax returns and do you charge extra for the service? Why should I use an independent Insurance producer? If I want to use your tax preparation services, how do we get started? Is your work and services guaranteed? Are you affiliated with a stock broker or independent and do you earn commissions on stock trades?
What does PC in Michael A. Kolb, PC stand for? It stands for "Professional Corporation". Our business structure is a corporation. As required by law and because we are a CPA, we organized as a Professional Corporation. What's your rate of return on investment? We are a Conflict-Free, independent Registered Investment Advisor. As such, our services and recommendations are made on an individual level to match your goals and objectives. Goals and objectives vary widely. Because we are independent and fee for service, we use a wide variety of investments and techniques to match your goals. We do not sell securities, we manage portfolios and respect the privacy of our clients, therefore, we can not disclose the performance of our portfolios under management. Alternatively, Michael is affiliated with Prime Picks, a stock and portfolio subscription service. Click this link to visit that website and review the ROI's. Why does your company have two names? Our company name is Michael A. Kolb, PC. Small Business Financial Solutions is a second registered name, owned by Michael A. Kolb, PC, we use to offer services to Small Business Owners. If I get audited, will you represent me? Yes! We are qualified to represent you and practice in front of the IRS and other taxing authorities. What are your fees and how do you charge for your services? We offer a fee structure that focuses on the value of the service we provide for you. We use engagement letters for our services that describe the services you request and estimate our fees. We realize that managing your expectations and creating value for you are integral to developing long term relationships. Please click this link for more information about our fees and to view a summary of our Billing Procedures. Will you check my last years tax returns and do you charge extra for the service? Yes, we will check your last years tax return and there is no extra charge for the service. Amended returns that generate a refund are a WIN WIN WIN service. You get additional cash, we earn a fee for amending the return(s) and demonstrate our abilities beyond those of our competitors. Why should I use an independent Insurance producer? More options and lower premiums! Generally, there are two types of insurance producers, an independent and a captive producer. Independent insurance producers are usually affiliated with several insurance carriers offer a wide variety of products and premium quotes from several insurance carriers. Captive producers, such as State Farm, Allstate, etc, generally are only capable of offering insurance products from the insurance carrier they are affiliated with. Those limited affiliations prevent competitive premiums and limit the products they can offer. If I want to use your tax preparation services, how do we get started? First contact us for an organizer, an estimate of our fees and an appointment. Our organizer is designed to help you gather the data necessary to prepare your returns and to ensure that we minimize your tax liabilities. Review the organizer, gather your data and bring it to your appointment. We work hard to keep the process "Painless". Is your work and services guaranteed? Absolutely. Click this link for Our Commitment to You. Are you affiliated with a stock broker or independent and do you earn commissions on stock trades? We are independent and are not associated with any broker or brokerage house. Our fees for investment management services are fee only and based on our standard billing procedures for planning services. Investment asset management fees are based on the value of assets under management. If the investments grow and your account balances increase, we both win. We do not earn fees from selling products, mutual funds or any other investments and we do not earn commissions from security trading.
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