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5 Replies Last post: Jun 1, 2008 3:36 PM by Lighthouse24

Question for Tax Preparers/CPAs

Oct 19, 2008 8:35 AM

Click to view NoBullFunding's profile Mogul NoBullFunding 278 posts since
Oct 6, 2008
I am going to expand my business into tax prep this coming season. I did it a few years back and used TaxAct. It only cost $100 and seemed to fit my purposes just fine. Does anyone know of a better tax program? I'm curious to know what they can do that warrants spendings thousands instead of the $100 I plan on spending for TaxAct. One area I know for sure TaxAct didn't address was AMT which was a little frustrating.
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Click to view DerekCPA's profile Start-up DerekCPA 1 posts since
Oct 24, 2008
1. Re: Question for Tax Preparers/CPAs Oct 24, 2008 4:54 PM
in response to: NoBullFunding
Take a look at Intuit's product called Pro Series Professional. It's a good solution for small to mid size tax practices. They offer a package that is pay as you go. For $250 flat fee plus a per return charge. It requires less investment up front and the per return fees can be passed onto your clients. It is for people doing 33 or fewer returns a year. It could be a good option for your first year but has the room to grow in the future. It haven't used it yet but am in a similar growth situation and this was the best solution I found so far. Below is a link to pricing info. and you can demo it for free.

http://proseries.intuit.com/products/professional/ppr.jsp?show=pprPrice
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Click to view NoBullFunding's profile Mogul NoBullFunding 278 posts since
Oct 6, 2008
2. Re: Question for Tax Preparers/CPAs Oct 28, 2008 8:38 PM
in response to: DerekCPA
Thanks Derek, I'll check that out!
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Click to view ccsta3030's profile Start-up ccsta3030 1 posts since
Jul 25, 2008
3. Re: Question for Tax Preparers/CPAs Oct 29, 2008 9:09 AM
in response to: NoBullFunding
I have another question for tax prepare and CPA's. What do we think is the ideal number of business bank accounts you should have?
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Click to view Tori's profile Host Tori 79 posts since
Aug 15, 2008
4. Re: Question for Tax Preparers/CPAs Oct 29, 2008 4:10 PM
in response to: NoBullFunding

Hi NoBullFunding,

Amy Vetter of Technoloby In A Box will be joining the SBOC on December 9th. She is a QuickBooks expert and can address your AMT concerns. You can ask your question now and then check back after Dec 9th for her response. Or you can ask it the day of. Hope you can attend!

http://smallbusinessonlinecommunity.bankofamerica.com/thread/10209

Best of luck
~Tori
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Click to view Santa Fe CPA's profile Mogul Santa Fe CPA 67 posts since
Oct 10, 2007
5. Re: Question for Tax Preparers/CPAs Nov 4, 2008 1:17 PM
in response to: ccsta3030
In my opinion the maximum number of bank accounts for a small busines would be 3.
1. An operating checking account for all revenue and expense transactions,
2. A payroll disbursing account for wages, salaries, and employmenrt taxes should you have employees (including S-Corp Officers/Directors.)
3. A savings account
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Click to view Elite1's profile Mogul Elite1 64 posts since
Nov 14, 2008
6. Re: Question for Tax Preparers/CPAs Nov 21, 2008 8:46 PM
in response to: NoBullFunding
I may be a little late responding to this...but Drake has excellent software at a reasonable price.

Tanya
Elite Financial Services, LLC
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Click to view sptaxes's profile Professional sptaxes 5 posts since
Aug 10, 2009
7. Re: Question for Tax Preparers/CPAs Aug 12, 2009 12:31 PM
in response to: NoBullFunding
I used TaxAct for myself and my business for 4-5 years because of the the price. This upcoming tax season I already purchased my software at www.oltpro.com which is very excellent

Thank you,
Stacey

www.sptaxes.com
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