We have been the tiny texas commercial operation (independent contractor) who needs assistance with taxation issues as well as day to day finance. We do not wish to get ripped off again. We have been now handling underneath the DBA, though wish to grow as well as pierce forward. We have done mistakes in the past, similar to many people, though need someone you can trust. Friends as well as family have been no assistance – possibly do not have the same needs or have been seeking for the same thing.
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Recent Posts
- LOOKING TO INVEST IN A BUSINESS WITH SOMEONE. ANY IDEAS?
- WHERE WOULD I GO TO FIND PEOPLE WHO ARE WILLING TO INVEST INTO MY BUSINESS OR TO INVEST IN THEIR BUSINESS?
- WHAT BUSINESS CAN I INVEST FOR A 15 THOUSAND BUCKS PHILIPPINE PESO?
- WHAT INVESTOR IN THEIR RIGHT MIND IS GOING TO WANT TO INVEST IN BIG BUSINESS ANYMORE?
- HOW DO I ASK FAMILY TO INVEST IN MY BUSINESS?
- I WOULD LIKE TO START A SMALL BUSINESS OR FRANCHISE I COULD INVEST IN OR SOMETHING I COULD MAKE GOOD MONEY OFF?
- WHAT PROFITABLE BUSINESS CAN I INVEST 1MILLION NAIRA ON IN NIGERIA WITH THE ECONOMIC SITUATION AT HAND?
- WHAT IS THE BEST BUSINESS TO INVEST IN ?
- WHAT IS THE BEST HEALTH RELATED SMALL BUSINESS TO INVEST IN THESE HARD TIMES THAT MAY BE VERY REWARDING?
- I AM LOOKING FOR AN ANGLE INVESTOR WHO IS READY TO INVEST IN MY BUSINESS?
- CAN I WITHDRAW MONEY FROM MY RETIREMENT ACCOUNT TO INVEST IN MY NEW BUSINESS AND AVOID THE 10% PENALTY?
- WHY WONT THE IRS LET ME INVEST IN MY BUSINESS?
- WITH $250K WHAT CAN I INVEST IN (BESIDES REAL ESTATE, STOCKS, OR STARTING A BUSINESS)?
- HOW CAN I FIND SOMEONE TO INVEST IN MY BUSINESS?
- WHATS A GOOD BUSINESS TO INVEST 1 MILLION DOLLARS INTO WITH ALL THE CONDITIONS THE COUNTRY IS GOING THROUGH?
- HOW DO I INVEST IN A BUSINESS THAT I BELIEVE IN?
- MY FRIEND WHO IS VERY NEW TO THE COUNTRY HAS 90K AND WANTS TO INVEST IN SOME KIND OF BUSINESS. ANY RECOMMENDAT
- ONE MY FRIEND IS LOOKING FOR A PARTNER FOR HIS BUSINESS AND WANTS TO INVEST MONEY. WHAT SHOULD I EXPECT?
- I WANT TO START A COMPUTER SALES BUSINESS IN HYDERABAD, NEED DETAILS HOW TO START, HOW MUCH I HAVE TO INVEST.?
- I HAVE $30K , WHAT TYPE OF BUSINESS SHOULD I INVEST IN TOWARDS A WEALTHY FUTURE?
{ 3 comments… read them below or add one }
Accounting is accounting…the same rules apply for every business, checks, balance, job costs, taxes, quarterly returns, HW and P benefits…the whole ball of wax. Anyone with a CPA degree is qualified.
I would find an Enrolled Agent with the IRS, which you can find off of http://www.irs.gov This person can help you with tax issues and financial planning. I work for a local tax franchise and a lot of the franchisees are Enrolled Agents with the IRS…The name of the company is Liberty Tax Service. You would just need to find one in your area and ask if the owner is an Enrolled Agent with the IRS and a financial planner. They can help you will bookkeeping too. Hope this helps.
2mom35
It sounds like your are already thinking along the correct lines which is a good thing.
It is critical for your business success, that you get the right accountant, someone you can talk to, someone whom you understand, and someone who understands your business, and can give you advice accordingly.
In my line off work, I have seen businesses loose thousands of dollars because their accountant does not understand the mechanisms of their business, and has given them, with the best of intentions, the wrong advice.
You have not indicated what sort of business you are in. If say you were a plumber, I would suggest you read ‘plumbing journals’ and see what accountants are advertising there. It is best to find an accountant, who is dealing with several other businesses similar to your own, this ensures they have more experience in your particular area.
Some accountants may also declare that they specialise in certain fields, such as import/ export.
If an accounting practice is currently taking on new clients they may be willing to speak with you for half an hour free of charge. You can ask them if they have similar businesses, and establish if they understand the complexities of your business.
You also need to come away understanding what they have said. Do they speak in a language that you understand. I have spoken with many clients who have told me I paid my accountant $5000 and he drew all these things on the whiteboard, and he really seems to know his stuff, but most of what he said went over my head, and I was too afraid to ask him a question. THIS IS NOT A GOOD SCENARIO!!!
Summary:-
Look for accountants who speacialise in your field & who you can understand.