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Bookkeeping
Tax Compliance
Tax Strategy
Uplinq
Random
100

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.

100

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

100

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

100

When was Uplinq founded?

2020

100

Which of these two types of companies do we not to work with any why?

Crypto Companies
Web3 Companies

Neither

  • Why: High transaction volume, lack of standard systems, valuation complexity, regulatory uncertainty.
  • Risks: High audit and compliance risk due to evolving IRS and SEC guidance.
200

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.

200

What type of tax form does a non-profit file and what is the cost?

Form 990 - $250

200

Who is responsible for rescheduling a clients strategy meeting when the client no-shows on their initial meeting?

Sales reps!

200

How much funding has Uplinq received?

~$19.7 Million

200

Which of the following services do we not support?


  • Sales Tax Filings
  • Audits
  • GAAP compliance
  • Compilations
  • Collections
  • Bill payments
  • Forecasting/FP&A services

All of the above

300

Which of the following accounting software options do we not work with? List all that apply

Quickbooks Online

Wave

Xero

Quickbooks Desktop

300

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.

300

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)

300

In what month and year did Uplinq receive our Seed financing?

August of 2022

300

Why do we prefer not to work with nightclubs, bars, smoke shops, and other high cash volume busineses?

  • Why: High cash volume and weak internal controls create unreliable financial data.
  • Risks: High likelihood of unverified income or fraud exposure.
400

A company wants us to to handle their bills and vendor payments, what type of add on would they need?

AP Support

400

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

400

Which type of retirement account are based on after-taxed income?

Roth

400

When did Uplinq cross the 300 customer mark?

January 2023

400

Why do we not work with International Companies?

  • Why: Complex consolidations, foreign compliance, and FX translation requirements.
  • Risk: Global accounting expertise beyond our scope.
500

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.

500

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

500

What type of Uplinq customers can benefit the most from tax strategy services?

All of them!

500

How long has Uplinq offered Tax services?

June 2023

500

What does the SPICED framework mean?

Situation
Pain
Impact
Critical Event
Decision Process/Criteria