Updated
Business Records & Audit Readiness
Billings business-license scope
Billings requires a business license for business activity in the city, including qualifying activity by a business located elsewhere. Its guidance also addresses home businesses, multiple locations, and ownership changes. Check those facts before treating an existing license as sufficient for a new operation. Billings business-license requirements.
Clarify what the lender means by audit
Send the lender's written request before commissioning an engagement. An audit, review, compilation, and bookkeeping cleanup do not provide the same service. We identify the financial-statement period, reporting framework, and required level of assurance, then confirm engagement and licensing requirements before acceptance.
Land, equipment, and contract schedules
For a business with land, rental property, vehicles, or construction equipment, reconcile ownership and financing separately from day-to-day expenses. A useful close package connects fixed assets, debt, contract balances, and owner transactions to the ledger instead of leaving unsupported year-end balances.
How we scope the work
We start with the decision or filing you need to complete, the entities and people involved, and the deadline. After reviewing the available records, we identify missing information and propose the services and deliverables. For ongoing work, we establish a close and filing calendar so bookkeeping, tax projections, and owner reporting use consistent information.
For an audit or other assurance request, bring the lender, grant, board, or regulatory requirement. We confirm the engagement type and applicable professional requirements before accepting the work.
CPA services for Billings clients
Tax preparation
Coordinate business and owner returns using reconciled income, allocations, and payment records.
Tax planning
Compare entity elections, transaction timing, and owner consequences before making a decision.
Financial reporting & cash flow
Connect the monthly close, forecasts, and financing needs to clear management reports.
Audit & assurance
Review the intended financial-statement user, required engagement, records, and deadline to define the appropriate scope.
Billings CPA questions
Can you provide an audit immediately from my tax return?
A tax return alone is not enough to scope an audit. We need the intended user's requirements, underlying accounting records, and relevant agreements. The initial review establishes what work and supporting evidence are needed.
How do Billings clients work with KAS?
We provide virtual service through secure document exchange, scheduled video meetings, and electronic signatures. The engagement defines the services, responsibilities, and deadlines; this service area does not represent a walk-in office.