BILLING (FAQ)

Our Billing FAQ page is to clarify your billing queries, ensuring transparency.

What the difference between an LLC and a corporation?

There are many differences between an LLC and a corporation, both large and small. One of the most significant differences is the ownership structure. An LLC is owned by one or more individuals, while a corporation is owned by shareholders.
How much does it cost to incorporate a business?

SmartCloud Tax offers our LLC formation service at no cost; however, your Washington State will charge a tax-deductible fee, which varies by license type. Our fees apply only to value-added business services, available at different price points based on your selected package.
What type of business entity should I start?

We generally recommend forming an LLC due to its numerous advantages for small business entrepreneurs. After forming an LLC, you have 75 days to consider choosing a different business structure, such as an S corporation.
How long does it take to have my business registered with the state?

Most states process business registrations within 14 business days, although this timeframe can vary based on their current workload. Once your filing has been submitted, your SmartCloud team will notify you through the message center with an update.
When will I receive my EIN Number?

Once approval is received from the state, we apply for the EIN number, and we will deliver all of your documents in your SmartCloud Tax Client Portal. Approval is normally completed within 3 business days.
What are the next steps after I have my business paperwork?

With the documents we provide you will be able to open a business bank account as long as you have the state correspondence, EIN letter and Operating Agreement (available as an add-on purchase). Please note that SmartCloud Tax & Accounting is not involved in licensing and permits associated with business registration. To continue with those it would be best to contact your state’s Secretary of State or ask your SmartCloud Team for more information.
How do I elect to be an S corp?

We will supply you with a pre-filled IRS Form 2553, containing all your necessary details. Just print, sign, and send the form to the IRS to elect S corporation tax status.
How do I communicate with the team handling my formation/dissolution?

Send messages to your team directly through the message center in your SmartCloud Tax Client Portal. This is your go-to place for all inquiries and communications.

Welcome to the Billing FAQ page!

Here, we aim to clarify your billing queries, ensuring transparency and understanding regarding our billing practices.

If you have further questions after browsing through these FAQs, please feel free to contact our billing team.

1. How does billing work at SmartCloud Tax & Accounting?

At SmartCloud, we believe in straightforward and predictable billing. Fees are determined upfront based on the services you select. We offer both flat-rate and hourly billing options to accommodate the diverse needs and preferences of our clients.

2. When will I receive my invoice from SmartCloud?

Invoices are typically issued at the completion of a service or, for ongoing projects, on a monthly basis. You will receive your invoice via email, or you can access it directly through your client portal.

3. What payment methods does SmartCloud accept?

We accept a variety of payment methods, including major credit cards, bank transfers, and online payments through secure gateways. Our goal is to make the payment process as convenient as possible for you.

4. Is it possible to get a detailed breakdown of my bill?

Absolutely! Transparency is key in our billing process. Upon request, we can provide a detailed breakdown of your invoice, explaining all charges related to our services.

5. What should I do if I have a query about my invoice?

If you have any questions or concerns regarding your invoice, please don’t hesitate to contact our billing department directly. We are committed to resolving any issues promptly and ensuring your complete satisfaction with our billing process.

6. Are there any additional fees I should be aware of?

There are no hidden fees with SmartCloud. Any potential additional costs will be discussed and agreed upon before we proceed with the service. This ensures that you are always aware of what you are paying and why.

Your trust in our billing transparency and accuracy is paramount. Our team is here to support you every step of the way, ensuring a seamless and positive experience with SmartCloud Tax & Accounting.