| Author |
Message |
    
Shanabana
Citizen
Username: Shanabana
Post Number: 102
Registered: 10-2005
| | Posted on Tuesday, January 17, 2006 - 11:17 am: |     |
I have a very very small business, and am thinking of dropping my accountant and getting quickbooks. Can I file all our personal and business taxes with quickbooks? Is it easy to use (I'm a financial idiot)? The Quickbooks I'm thinking of getting is expensive (close to $400 ) because it's tailored to our business. Does anyone know if these specialized versions are worth it?
Thanks for any input. |
Jgberkeley
Citizen
Username: Jgberkeley
Post Number: 4388
Registered: 5-2001
| | Posted on Tuesday, January 17, 2006 - 4:13 pm: | |
Can you file your taxes.
The answer is yes, if.
If you use the catagory functions correctly so that each item is listed under the correct bucket. Quickbooks has a direct feed into Turbo Tax, the other Quicken product. Turbo Tax will take the Quickbooks input and produce your taxes.
It it worth it? You have to decide.
I run two business and my personal books off Quickbooks, and I still use a CPA. Advice on catagory use, tax law changes and catching my errors makes my CPA worth his salt. Quickbooks speeds up our communications by a bunch.
In my opinion,
George |
upondaroof
Citizen
Username: Upondaroof
Post Number: 509
Registered: 4-2003
| | Posted on Tuesday, January 17, 2006 - 6:44 pm: | |
I also run a small business and use a generic invoicing sytem for billing and receivable tracking. It also tracks my sales and sales tax. For business checking (as well as personal) I use Quicken. At year end I print an itemized categories report that I give to the accountant and he prepares my business and personal returns from same. I agree with George, that a CPA is definitely a worthwhile expense and quite inexpensive in my case since I only use him for yearly returns.
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