Question by Karl B: Should I do my own small business taxes?
I have a VA S-corp but it operates in CA. I am the sole employee but I’m befuddled by best methods to doing my own taxes. I don’t want to pay an accountant thousands of dollars to do a job I could do myself, but I feel like I could waste a ton of time trying to find software that won’t work for my 2-state working scenario. Also I’m interested to hear what a pro could do for me to save or make money come tax time. Does anyone have any good instructions?
Answer by Michelle
Find a small tax perparer/accountant that charges by the form or type of business. My father-in-law and I do taxes. He has more experience so he charges more but a Corporation return is $ 750. If you are paying thousand’s, you are paying too much but you would be better off having a professional do it. Get one that also offers free advice throughout the year for all clients (no CPA then). I do that as a courtesy to all clients.
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