Starting a business in Phoenix, AZ, is thrilling, but managing finances can be overwhelming. Many founders turn to a CPA for startups to handle taxes, compliance, and growth strategies. Below, we’ve compiled the top 10 questions we hear at Chaston Liberty, along with straightforward answers to help you make informed decisions. This FAQ is designed to build your confidence in partnering with a local expert.

A CPA (Certified Public Accountant) provides specialized financial services beyond basic bookkeeping. For startups, this includes tax planning, entity setup, funding preparation, and audit support. At Chaston Liberty, we focus on Phoenix-specific needs, like navigating Arizona’s tax incentives for tech and innovation sectors.

Costs vary based on services—basic tax prep might start at $500-$1,000 annually, while full consulting could be $2,000-$5,000 or more. Hourly rates range from $150-$300. We offer flexible packages tailored to early-stage budgets, ensuring value without surprises. Compare this to competitors like Whyte CPA, who emphasize tax reduction but may charge premiums for personalized plans.

Ideally, before launch or during your first funding round. Early involvement prevents costly errors, like improper entity selection. If you’re dealing with investors or R&D activities, don’t wait—proactive tax strategies can save thousands.

Bookkeepers handle day-to-day transactions, while CPAs offer strategic advice, tax optimization, and compliance expertise. For Phoenix startups, a CPA like those at Chaston Liberty integrates both, using tools for seamless financial management.

We prepare financial models, ensure clean books for due diligence, and optimize for tax credits like the federal R&D or Arizona’s Qualified Small Business Capital Investment Incentive. This makes your startup more attractive to local investors in the Phoenix ecosystem.

Key ones include the federal R&D Credit (up to 20% of expenses) and Arizona’s Angel Investor Credit (up to 35% for qualified investments). A CPA ensures eligibility and proper claiming— we’ve helped clients secure significant refunds.

Look for startup experience, local knowledge, and testimonials. Chaston Liberty stands out with personalized consulting, unlike larger firms like Haynie & Company. Check for certifications and a focus on your industry, such as tech or e-commerce.

Absolutely. We represent you during audits, gather documentation, and negotiate resolutions. Prevention is key—our tax resolution services include compliance checks to minimize risks.

We suggest user-friendly options like QuickBooks Online or FreshBooks, integrated with tax tools. For Phoenix businesses, we customize setups to handle state taxes efficiently.

We combine tax expertise with business growth consulting, offering holistic support. Unlike Polston Tax’s national focus, we’re Arizona-centric, providing faster, more tailored service. Book a Free Consultation to experience the difference.

By James A. Chaston, CPA

James A. Chaston is the founder of Chaston Liberty, a Phoenix-based CPA firm dedicated to empowering startups and small businesses through expert tax and consulting services. With a focus on innovation and compliance, James has guided hundreds of entrepreneurs to financial clarity.

Contact Chaston Liberty CPA or call us at (480) 590-0968. You can also email Jim Chaston at jim@chastonliberty.com.

Let’s build a smarter tax strategy together—one that protects your business and fuels your success.