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Tax time
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<blockquote data-quote="Brute 23" data-source="post: 1119552" data-attributes="member: 6291"><p>I have done my own when they were real simple. My brother is an accountant and was kind of looking over my shoulder. I used some kind of fill in the blank deal from Turbo Tax or some thing like that.</p><p></p><p>Then I went to paying a lady $100 because of needing to send out 1099s. She did as little as possible and would barely take the time to meet with you.</p><p></p><p>Now I use a guy that cost $300. He meets with me at leas twice a year. He also gave me his phone number in case some thing comes up during the year. If he can explain it on the phone it saves us both a trip to the office. He is worth every penny and gives good advice on business and financial planning in general. </p><p></p><p>IMO, its worth paying some one a little more to stay up to date on the tax laws. Especially right now. As a business owner I think our time is better spent working on the business. Working on your books and keeping good records will make your tax bill less. If you walk in and throw down a treasure chest of receipts vs printing out spread sheet... your tax bill will be higher... or they just won't dig through them.</p><p></p><p>With that said, most basic tax questions can be answered by typing the question in to a search engine on the e-net. It is your job to oversee what your tax person is doing. Do not be afraid... or too lazy... to keep an eye on what they are doing. They should work with you... and you should work with them... to do your taxes.</p><p></p><p>Plus, you are paying for a buffer between you and the IRS.</p><p></p><p>That's my thoughts on CPAs and their value. :kid:</p></blockquote><p></p>
[QUOTE="Brute 23, post: 1119552, member: 6291"] I have done my own when they were real simple. My brother is an accountant and was kind of looking over my shoulder. I used some kind of fill in the blank deal from Turbo Tax or some thing like that. Then I went to paying a lady $100 because of needing to send out 1099s. She did as little as possible and would barely take the time to meet with you. Now I use a guy that cost $300. He meets with me at leas twice a year. He also gave me his phone number in case some thing comes up during the year. If he can explain it on the phone it saves us both a trip to the office. He is worth every penny and gives good advice on business and financial planning in general. IMO, its worth paying some one a little more to stay up to date on the tax laws. Especially right now. As a business owner I think our time is better spent working on the business. Working on your books and keeping good records will make your tax bill less. If you walk in and throw down a treasure chest of receipts vs printing out spread sheet... your tax bill will be higher... or they just won't dig through them. With that said, most basic tax questions can be answered by typing the question in to a search engine on the e-net. It is your job to oversee what your tax person is doing. Do not be afraid... or too lazy... to keep an eye on what they are doing. They should work with you... and you should work with them... to do your taxes. Plus, you are paying for a buffer between you and the IRS. That's my thoughts on CPAs and their value. :kid: [/QUOTE]
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