Bookkeeping
If a company has more than 10 classes or concurrent job costing, what should we do?
Reject the customer as they're not a good fit.
What type of form is form is for a corporation that did not make the S election, and what is the cost to file?
Form 1120- $200/mo
Which of these is a benefit of tax strategy services?
1. Keep more of what customers earn
2. Stay legally protected
3.Optimize personal wealth
4. Aligning their business with life goals
All of the above
When was Uplinq founded?
2020
Which of these two types of companies do we not to work with any why?
Crypto Companies
Web3 Companies
Neither
What us Job/Property costing?
When someone tracks income and expenses by project, job, or property.
Tis adds a detailed P&L tracking per job and is more intensive as it requires class/job setup, allocation templates, and reconciliation per sub-ledger.
What type of tax form does a non-profit file and what is the cost?
Form 990 - $250
Who is responsible for rescheduling a clients strategy meeting when the client no-shows on their initial meeting?
Sales reps!
How much funding has Uplinq received?
~$19.7 Million
Which of the following services do we not support?
All of the above
Which of the following accounting software options do we not work with? List all that apply
Quickbooks Online
Wave
Xero
Quickbooks Desktop
What should a sales rep do once they close a tax strategy deal?
Book the customers first tax strategy meeting on the correct team's calendar.
What type of schedules are common for a person with short term rentals?
1040 (Schedule E or Schedule C depending on treatment), Form 8825 (for partnerships/S-corps)
In what month and year did Uplinq receive our Seed financing?
August of 2022
Why do we prefer not to work with nightclubs, bars, smoke shops, and other high cash volume busineses?
A company wants us to to handle their bills and vendor payments, what type of add on would they need?
AP Support
In order for a standard filing time of 15 business days, what 3 things need to occur?
1. Tax onboarding is complete
2. Financials are in
3. No outstanding requests remain in the app
Which type of retirement account are based on after-taxed income?
Roth
When did Uplinq cross the 300 customer mark?
January 2023
Why do we not work with International Companies?
Price this out:
A company is on QBO on an accrual basis, has revenue less than $600k/yr, Has 1 credit card and 3 bank accounts, and wants us to do job costing for 15 concurrent projects at a time.
What should their monthly charge be?
We won't support this customer due to the job costing volume.
A multi-member LLC that did not make the S election would fill our what type of form and what is the cost?
Form 1065 $175/mo, if more than 5 owners we add $30/mo per owner above 5
What type of Uplinq customers can benefit the most from tax strategy services?
All of them!
How long has Uplinq offered Tax services?
June 2023
What does the SPICED framework mean?
Situation
Pain
Impact
Critical Event
Decision Process/Criteria