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Old 07-28-2006   #1 (permalink)
kconnections
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Default Do you do your own taxes?

Do you do your own taxes for your business or go to an accountant? I have done my own and all seems in order. However, I can't help but think I am probably missing business related write offs that I could take.
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Old 07-29-2006   #2 (permalink)
Dana
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Default Re: Do you do your own taxes?

I believe you should get an accountant to help you.
They know all the in's and out's and may be able to get you more write-offs and possible rebates.

A relative of mine owns a small flooring business and every year they gripe about how much they have to pay in taxes.
Last year they had a friend refer them to his accountant and they were beaming when they told us that they had to pay a small fraction over previous years because of how good this accountant is.
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Old 07-29-2006   #3 (permalink)
Mrs Wolfie
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Default Re: Do you do your own taxes?

I couldn't agree more. I would always want a professional to take a look at my books..
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Old 07-30-2006   #4 (permalink)
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Default Re: Do you do your own taxes?

Just make sure your accountant signs off on the fact that he did the taxes. That's his job. If he wont, then find another accountant.
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Old 07-30-2006   #5 (permalink)
zewlie
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Default Re: Do you do your own taxes?

Even if you're knowledgeable and capable of doing your own taxes relatively well, a fresh perspective from someone with a different background can certainly help get the most out of it.
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Old 07-30-2006   #6 (permalink)
monkeyhead
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Default Re: Do you do your own taxes?

If I had a business I would hire in an accountant to do my books. It would releave me of one less complication to worry about.
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Old 07-30-2006   #7 (permalink)
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Default Re: Do you do your own taxes?

I own a Internet Shop before. I do my own accounting system myself using visual basic, that's why when I'm about to submit my taxes its easier for me to do the work. But of course if you dont want to be bothered its much better to have a person to do it for you, juct make sure you choose the right one.
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Old 07-30-2006   #8 (permalink)
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Default Re: Do you do your own taxes?

You should ALWAYS have an accountant or third party at least, 1 for payroll, 1 for taxes. If you ever run into problems, it's better that you had a third party doing it.
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Old 07-31-2006   #9 (permalink)
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Default Re: Do you do your own taxes?

Yes I think from now on I may at least get my taxes done or reviewed by another party.
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Old 07-31-2006   #10 (permalink)
FrancisTheFool
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Default Re: Do you do your own taxes?

I have an accountant and he helps me with it all!
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