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COMMON QUESTIONS

Let鈥檚 clear a few things up.

A clearer scope starts with the right questions. Here are useful answers before our first conversation.

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US 路 LOCAL GUIDANCE

Can you prepare records for Form 1099-NEC and 1099-MISC?

Yes. We can organize vendor documentation, reconcile payments and flag exceptions. The responsible filer decides reporting obligations and submits the forms.

How do you handle IRS 搂7216 for CPA firm work?

Your firm determines applicable disclosure and use restrictions. Before tax return information is shared, agree the engagement scope, authorized access and any required consents with your compliance adviser.

Can you support GAAP reporting and trust reconciliations?

We can prepare agreed accrual schedules and three-way trust workpapers. Your designated reviewer confirms the accounting basis, jurisdictional requirements and sign-off.

Do you work with businesses in the U.S., Canada, Australia and UAE?

Yes. LIT Nexus provides bookkeeping and accounting support to U.S., Canadian, Australian and UAE businesses and accounting firms. We agree on the scope, communication and reporting needs with each client.

Can you work in QuickBooks Online or Xero?

Yes. We work with QuickBooks Online and Xero. During onboarding, we review your current setup and agree on the access and workflow needed to support your books.

Can you help if my books are behind?

Yes. Our catch-up and clean-up bookkeeping support starts with a review of the records available, the periods involved and any outstanding reconciliation work. We then agree on the scope and next steps.

Do you support CPA firms under their own brand?

Yes. White-label bookkeeping and accounting support can be organized around your firm's processes, review requirements and client relationships.

Where does your team operate, and how do time zones work?

Our proposed delivery model includes an India accounting center with daily overlap planned around U.S. ET/PT, Canadian and Australian business hours, and UAE Gulf Standard Time. Your scope will define actual live coverage and whether overnight processing is appropriate; those arrangements are confirmed before work starts.

How do CPA partners handle IRS Section 7216 requirements?

Before tax-return information is shared, the CPA firm and its advisers must assess applicable disclosure rules, overseas access and required taxpayer consents. Our planned protocol includes documenting authorized access and the agreed safeguards. Implementation evidence and responsibilities must be confirmed before client records are exchanged.

Can we agree fixed monthly fees or a catch-up sprint?

Proposed options include monthly fixed-fee tiers based on transaction volume and account complexity, plus flat-fee catch-up sprints after an assessment. Your proposal will state inclusions, exclusions, review responsibilities and how changes are approved before additional work starts.

How do you decide the scope and price?

We discuss the periods, records, transaction volume, tools and review requirements involved. Any service scope, fees and delivery expectations are agreed after that assessment.

How long does catch-up bookkeeping take?

Timing depends on the periods involved, transaction volume and records available. We assess the backlog, identify missing information and agree practical milestones with you.

Should I send financial documents through the contact form?

No. Use it for general contact details and an outline of your question. We can agree appropriate document-sharing channels and user access separately during onboarding.

Do you replace our CPA or tax professional?

Bookkeeping support does not replace legal or tax advice, audit opinions or professional sign-off. We define how our work supports your designated professional鈥檚 review.

Can we start with a small pilot?

A bounded pilot can help establish the document process, handoff and acceptance criteria before expanding the workload, particularly for a white-label firm arrangement.

How does remote support work across time zones?

We agree the contact people, document-sharing process, communication rhythm and review deadlines during onboarding. We coordinate the bookkeeping handoff with your team and designated local professionals.

A CLEARER NEXT STEP

Bring your questions.
Let鈥檚 map the way forward.

Start with a free consultation about your records, priorities and the support you need.

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