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who does their own taxes with those taxcut programs?

Discussion in 'Starting a Lawn Care Business' started by Clear-Cut, Jan 17, 2007.

  1. Clear-Cut

    Clear-Cut LawnSite Senior Member
    Messages: 481

    anyone use the "taxcut" or whatever the hell it is to do there business taxes?

    if not then what is a typical hourly rate to pay an accoutant?


    im not a large company so if it is easy enough to do it myself i will
  2. DuraCutter

    DuraCutter LawnSite Senior Member
    Messages: 806

    If you're not using an accountant, you're not making enough money.

    Change the way you're doing business, cause an accountant will more than pay for himself... over and over in my experience. And they give great counsel... :usflag: :canadaflag:
  3. Uranus

    Uranus LawnSite Bronze Member
    from Mass
    Messages: 1,624

    Who are you going to talk to if you have a problem?
    A BOX!
  4. fiveoboy01

    fiveoboy01 LawnSite Silver Member
    Messages: 2,988


    A good accountant will minimize your tax liability each year. They know all the loopholes and tricks. Mine saves me HUGE headaches which I'm sure I would get if I tried to do my own bookkeeping.

    And if you get something confusing from the IRS, you can do what I do - just give it to the accountant:laugh:
  5. apowell18

    apowell18 LawnSite Member
    Messages: 179

    I'm curious too...I use Taxcut for my personal finances but come next year I will be looking at the business edition of Taxcut...
  6. bigcountry01

    bigcountry01 LawnSite Member
    Messages: 136

    my dad is my personal accountant:dancing: dont get much better than that....or cheaper either
  7. Clear-Cut

    Clear-Cut LawnSite Senior Member
    Messages: 481

    i wish i could but im going through college now so im kind of limited to how much work i can do everyday

    haha good one

    so can you guys answer this for me?

    how do most accountants charge, by hour, take a percentage of whatever they save you, a flat rate? this way i have an idea and i dont get shafted
  8. echeandia

    echeandia LawnSite Bronze Member
    Messages: 1,131

    Mine charges by the hour. If you think they are going to shaft you then you should look for another accountant.
  9. Clear-Cut

    Clear-Cut LawnSite Senior Member
    Messages: 481

    would you mind saying how much per hour and if it is high or low. this way i have a ballpark amount...

    the only way to know i am not getting shafted is if i know what the "going rate" is for most accountants
  10. echeandia

    echeandia LawnSite Bronze Member
    Messages: 1,131

    This is a firm with four CPA's and a few staff accountants. Their rate is about $60 per hour.

    I met with one of the partners for about an hour in November and told her what I was looking to do. I went in with a list of about 20 questions and just asked away. She answered all of my questions and had pointers which I would never had thought of. Some of the questions were things you might even go to a lawyer for answers (which she did advise I see as she was not an attorney). None of that cost me anything.

    If I need help setting up Quicken she is available for that as well. When July rolls around and it's time to file my quarterlies I just bring them a copy of my data file. They prepare the docs and check that I am doing things correctly. She said it should take about 30 minutes. So once a quarter I spend $30 to $45 dollars and at the end of the year it will be about $200.

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