Common Questions

• Does Donnelly-Boland handle estate and trust tax returns?
  
  
• What size companies will Donnelly-Boland and Associates work with?
   
• I own a small business and the accounting tasks have become burdensome and time consuming. When should I think about outsourcing my accounting work?
   
• I run a small business but need help with my bookkeeping, particularly QuickBooks – where do I go for help?
  
  
• What types of tax credits are available to small businesses?
   
• Can Donnelly-Boland and Associates help prepare an organization for an audit?
   
• Does Donnelly-Boland and Associates have experience with grant applications and accounting for government funding?
   
• Can contract staffing save our business or agency money?
   
• We recently parted ways with our controller, can you assist us through this change until a permanent solution is found?
 
 
• What is the service area for Donnelly-Boland and Associates?
  

Does Donnelly-Boland handle estate and trust tax returns?

Yes. In our experience, estate and trust tax returns can be very complicated and often require the assistance of a Certified Public Accountant. At Donnelly-Boland, we have the depth of staffing and experience to assist you with your estate and trust tax returns.

What size companies will Donnelly-Boland and Associates work with?

We work with a wide spectrum of small business, nonprofits and governments agencies ranging from one-person shops to organizations with annual revenue of more than $500 million. This type of flexibility is what makes our firm unique – no client is too small or too large for us. Our staff is comprised of professionals with varying skill levels to meet a wide range of project-based needs – you’ll receive superior service from every level of our organization. So, whether you need a trusted partner to successfully manage back office accounting functions like payroll, financial reporting and tax preparation, or whether you need executive level talent to step into a key financial role such as CFO or Controller, Donnelly-Boland can help.

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I own a small business and the accounting tasks have become burdensome and time consuming. When should I think about outsourcing my accounting work?

Absolutely. For many small businesses, nonprofits and government agencies, the cost in both time and money for recruiting, training and keeping qualified accounting professionals can be overwhelming. Contract staffing allows you to reduce overhead costs while gaining the peace of mind that professional bookkeeping and accounting services are always at hand.

I run a small business but need help with my bookkeeping, particularly QuickBooks – where do I go for help?

User friendly accounting programs, like QuickBooks, are a blessing for small business owners accustomed to keeping their books manually or on spreadsheet programs. But because it’s so easy to get up and running with the basics, many business owners use only a fraction of the software’s capabilities. Some use QuickBooks for a specific aspect of their business, like invoicing and writing checks, but never investigate to see what else the software can do to simplify their recordkeeping. QuickBooks also has general ledger capability, payroll, check-writing, customer and vendor management capabilities and a variety of other enhancements to produce financial statements, reconcile accounts, prepare tax filings, track information by cost center, revenue center or line of business, and generally manage the business. Donnelly-Boland and Associates has six QuickBooks ProAdvisors on staff – ready to help you get the best use out of QuickBooks and manage your business efficiently!

What types of tax credits are available to small businesses?

For small businesses that are considering capital investments, the following federal tax credits should be considered:

• Disabled Access Credits for expenditures to provide accessibility to individuals with disabilities,
• Alternative Vehicle Credits, which include credits for vehicles that utilize hybrid, fuel cell or other alternative fuel technology.  

In addition to these federal credits, Pennsylvania offers an educational improvement tax credit to businesses contributing to a qualified Scholarship Organization, an Educational Improvement Organization, and/or a Pre-Kindergarten Scholarship Organization. Small businesses can also expense purchases of qualified personal property such as computers, equipment, furniture and certain vehicles. The annual limit for these purchases has increased to $112,000 for 2007. For more information on how to you can reduce your tax liability with any of these strategies, contact Donnelly-Boland and Associations. Donnelly-Boland and Associates has Certified Public Accountants on staff to answer your questions and to provide tax planning services to decrease your tax liability.

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Can Donnelly-Boland and Associates help prepare an organization for an audit?

Yes – we have several CPAs with auditing experience in public accounting. This experience provides us with the knowledge and understanding of what CPAs need to effectively and efficiently perform a financial statement audit. Our firm can perform the accounting services necessary to have your company’s financial records ready for the auditors the day they walk in the door. The auditors can perform and deliver their services without incurring additional fees, while you can run your organization or department with minimal interruption.

Does Donnelly-Boland and Associates have experience with grant applications and accounting for government funding?

Yes, Donnelly-Boland has extensive experience with applications for grants, proposals for government contracts and accounting for government funding. Our professionals have prepared and assisted with grant applications and proposals for government contracts, including developing budgets and writing narratives. We have significant experience as auditors and accountants with government-funded programs, having worked with nonprofit organizations of all types and sizes with programs funded by a wide variety of federal, state and local governments or agencies. Those programs range in size from small grants for local youth sports organizations to grants for tens of millions of dollars for state and county human services programs.

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Can contract staffing save our business or agency money?

Absolutely. For many small businesses, nonprofits and government agencies, the cost in both time and money for recruiting, training and keeping qualified accounting professionals can be overwhelming. Contract staffing allows you to reduce overhead costs while gaining the peace of mind that professional bookkeeping and accounting services are always at hand.

We recently parted ways with our controller, can you assist us through this change until a permanent solution is found?

Organizational change is unavoidable, but perhaps nowhere potentially more disruptive that in your financial department. Donnelly-Boland and Associates offers transition management services to assist clients who have experienced a planned or unplanned loss of key financial personnel, such as a controller or chief financial officer. Our executive level talent steps in and keep those important financial gears moving, providing a seamless transition until the right replacement is found.

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What is the service area for Donnelly-Boland and Associates?

Donnelly-Boland and Associates provides accounting and consulting services for small businesses, nonprofits and government agencies throughout the Pittsburgh region, including Allegheny County, the suburbs of Pittsburgh and throughout southwestern PA.

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