Do you have an accountant?

[Bruce Wayne]

Do you have someone who helps you with your finances?

[PrincessPerky]

Re: Do you have an accountant?

What like Jeffery and the rest of you?

[meaghanchan]

Re: Do you have an accountant?

I don't yet, but I'm planning to get one when I get my 1099 tax forms this year. I tried to do my own taxes last year, and while I got it done, I'm sure there were some business deductions I missed. I'm sure a good accountant could save me more than they cost.

[crosses]

Re: Do you have an accountant?

No. I can't see an area where I would need one.

[DivaJen]

Re: Do you have an accountant?

Yes, we have a CPA. He is one of DH's former bosses and gives us financial/business advice for free throughout the year. With our sole propritorship, taxes are more complicated, and he finds all kinds of ways for us to legally pay less in taxes than if we were doing it ourselves.

[mom-from-missouri]

Re: Do you have an accountant?

Yes, but only for tax purposes. I got one when I used to own a business--he saved me enough to pay for his services. Now, although the business is sold, I still use him once a year. I don't keep up on tax laws, and he does. I try to do my own, and take it with me when I go in-several years I thought I would owe, and when he did the, I got a refund. I missed some things which were deductble and all (such as my union dues). And, since I buy and sell stock thru work, that is tricky also. Last year I paid about $150 for his services.

[dealsaver]

Re: Do you have an accountant?

No, but as a hobby I get people to fire their accountants when they give lousy advice.

[Snoopy2645]

Re: Do you have an accountant?

Yes I have my mom & sister LOL I really only use them at tax time though

[jmjj215]

Re: Do you have an accountant?

No, but as a hobby I get people to fire their accountants when they give lousy advice.

Could you expound on this? I think it would get me laughing. What kind of bad advice did you attack? I'm geared much like you I think.

[sweeps]

Re: Do you have an accountant?

For taxes, I don't know why most people don't use free e-file. Sure, if you have a complicated situation (S-Corp's, foreign tax issues, etc.), I can understand hiring an accountant. But most e-filing sites cover all the major forms. They prompt you for additional refund opportunities, check your math, and submit your forms electronically.

I've always done my taxes by hand, but the last two years I did both by hand and by e-file just to see if there were any discrepancies. The results are the same, so from now on I'm just doing the e-file. State taxes I do through my state's web site which, again, is free.

[EHadden]

Re: Do you have an accountant?

I don't use an accountant. I use Quicken and file my taxes through Turbotax for the web. I have an IRA account at American Century and get a partnership deal through them for reduced rates on using Turbotax. I've managed a nice return every year and the questions prompt me to look for things like my union dues (mentioned earlier by mom-from-missouri). I found that even working the taxes with my wife's business worked out easily. You do need to hang on to all of your receipts for the year, though. It also has helped me tremendously to have all of those receipts organized more than just by month. I figure for the $40-$50 I spend on state and federal tax prep through Turbotax for the web, I get just as good of service as if I went to the accountant. Now if I manage to build some more assets and put some more of them to work for me to generate passive income, I might consider one, but for now, being a lowly Kindergartner with a meager bottom-line, I am content to keep doing it on my own.