Frequently Asked Questions

Question 1

How do I get started with McCloud & Associates?

Accepted Answer

Schedule a free 30-minute consultation at mccloudea.tax/contact or call (918) 205-1350. We'll review your situation, answer your questions, and give you a clear picture of how we can help. If it's a good fit, we'll send you a simple onboarding package and get to work.

Question 2

Do you work with clients outside of Oklahoma?

Accepted Answer

Yes — we are 100% remote and serve clients across all 50 states. Our office is in Broken Arrow, Oklahoma, but all client work is handled securely online. You never need to come in person.

Question 3

What types of clients do you work with?

Accepted Answer

We specialize in three niches: small business owners (LLCs, S-Corps, sole proprietors), real estate agents and realtors, and medical clinics and dialysis centers. We also serve individual filers with personal tax returns, rental property income, and trust and estate returns.

Question 4

How quickly can you get started on my taxes or bookkeeping?

Accepted Answer

After your free consultation and onboarding, most clients are up and running within a few business days. For tax preparation, timing depends on the complexity of your return and document availability.

Question 5

What individual tax returns do you prepare?

Accepted Answer

We prepare Form 1040 personal tax returns including Schedule A (itemized deductions), Schedule C (self-employment and business income), Schedule E (rental property and pass-through income), Schedule F (farming), and Form 1041 trust and estate returns.

Question 6

What business tax returns do you prepare?

Accepted Answer

We prepare Form 1065 for partnerships, Form 1120-S for S-Corporations, Form 1120 for C-Corporations, and Schedule C for sole proprietors. We also handle multi-state filings and cannabis business returns.

Question 7

What is tax planning and how is it different from tax preparation?

Accepted Answer

Tax preparation is filing your return after the year ends. Tax planning is proactive strategy throughout the year — choosing the right business structure, timing income and deductions, maximizing retirement contributions, and making decisions that legally reduce what you owe before the tax year closes. Most clients who switch to proactive planning save significantly more than the cost of the service.

Question 8

Do you specialize in realtor taxes?

Accepted Answer

Yes. Realtor tax planning is a specialty niche at McCloud & Associates. We understand commission income, home office deductions, vehicle and mileage expenses, marketing costs, continuing education deductions, and the nuances of Schedule C filing for real estate agents and brokers. We help realtors keep more of every commission check.

Question 9

Do you work with medical clinics and dialysis centers?

Accepted Answer

Yes. Medical clinic and dialysis center accounting is a specialty niche. We understand complex reimbursement structures, high payroll costs, expensive equipment depreciation, and strict compliance requirements. Most accountants treat medical practices like any other business — we don't.

Question 10

How does your bookkeeping service work?

Accepted Answer

We offer two options: Option A is a flat monthly rate of $300/month which includes up to 5 hours of bookkeeping (additional hours at $175/hr). Option B is pure hourly at $175/hr with no monthly commitment — ideal for businesses with lower transaction volume or seasonal needs. Both options include monthly reconciliation, financial statements, and coordination with your tax preparation.

Question 11

Do you use QuickBooks?

Accepted Answer

Yes. Our team includes Certified QuickBooks ProAdvisors. We work in QuickBooks Online and can set up, clean up, or maintain your books. We also coordinate with your existing QuickBooks file if you already have one.

Question 12

What does your payroll service include?

Accepted Answer

Our payroll service starts at $50/month base plus $7.50 per employee per month. We handle payroll processing, payroll tax deposits, quarterly 941 filings, annual W-2 and 1099 preparation, and state payroll tax compliance.

Question 13

How much does a personal tax return cost?

Accepted Answer

Form 1040 preparation starts at $275. Adding Schedule C (self-employment) is $275, Schedule E (rental property) is $275, and Schedule F (farming) is $275. E-filing for individuals is $25. Rush processing is an additional $100.

Question 14

How much does a business tax return cost?

Accepted Answer

Partnership returns (Form 1065) start at $950. S-Corporation returns (Form 1120-S) start at $1,250. C-Corporation returns (Form 1120) start at $1,850. Trust and estate returns (Form 1041) start at $750. Cannabis business returns include an additional $500 complexity fee. E-filing for business returns is $40.

Question 15

Do you offer monthly service plans?

Accepted Answer

Yes. Our Starter plan is $275/month, Growth plan is $650/month, and Premium CFO plan is custom-priced. Monthly plans include bookkeeping, financial reporting, and tax coordination. Contact us for a custom quote based on your transaction volume and needs.

Getting Started

Tax Services

Bookkeeping & Payroll

Pricing

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