| 4:10 pm on Dec 28, 2005 (gmt 0)|
Pretty much any accountant can handle a small business whether it's web development or sky diving.. There is no secret to accounting for web developers..
I run everything I do through MYOB (Quickbooks is just as good) and I hand him a disk backup every quarter.. He does my quarterly payroll reports (I am my only employee) and does my year end paperwork for about $750 a year.. Worth every penny..
But you could do it just as easily yourself at that size of a business.. If you use Quickbooks Pro and Turbo Tax it's pretty straight forward..
| 5:57 pm on Dec 28, 2005 (gmt 0)|
Feydakin, with respect, there's a different between a book-keeper and a good accountant.
And, I'd rather have mine experienced in internet related businesses. It took me too long to get the current one to concede that websites I buy aren't "intangible" assets. You won't believe what a small change like that can make to your D&B credit rating.
| 6:06 pm on Dec 28, 2005 (gmt 0)|
I don't know of any directory...
The best thing to do is talk to your webmaster friends and see who is satisfied with his/her accountant.
| 6:36 pm on Dec 28, 2005 (gmt 0)|
"The best thing to do is talk to your webmaster friends and see who is satisfied with his/her accountant."
That's kind of what I'm doing here. =)
| 3:37 pm on Dec 31, 2005 (gmt 0)|
I never experienced that with my CPA.. Maybe I got lucky and found one that naturally understands tech and the internet.. But his firm came highly recommended by several people and I'm happy with him.. He has done wonders for keeping my money in my pocket.. :)
Oh, and I don't do D&B.. Not large enough of a company to care about that :)
| 4:22 pm on Dec 31, 2005 (gmt 0)|
Feydakin, sure. :)
My mistake was forgetting that an accountant's #1 job is Covering His Ass - he can be sued for all kinds of things by you, your creditors, the government and the neighbourhood tramp. Accountants' natural conservatism is well known. His tendency will be to represent your figures in the way that's least likely to get him sued.
His #2 job is PR: convincing you of what a good job he's doing.
Saving you money is pretty low down on his list. I know, I was an accountant before I became a businessman.
How would you know if there's a tax break that applies to your business but which he hasn't spotted? For smaller accounts there's less incentive but for larger accounts it usually pays for the business to invest in the accounting skills in-house just so they can keep the accountants/auditors mean and keen.
|Oh, and I don't do D&B.. Not large enough of a company to care about that |
You're never so small that you can't be losing money unnecessarily. Small changes in how items are treated don't affect just your credit rating... they can affect various things including your tax liability and I'd like to think you have one of those :)
| 7:01 pm on Dec 31, 2005 (gmt 0)|
I married my accounting person. Hiring one by the hour is probably less expensive.
| 9:10 pm on Dec 31, 2005 (gmt 0)|
If you want your accountant on your side why did you go and do that?! :)
| 9:28 pm on Dec 31, 2005 (gmt 0)|
LOL, ken_b. There are several directions I could go with a reply, but I'd better not. ;)
| 3:40 pm on Jan 2, 2006 (gmt 0)|
Ha ha, I love it when a thread turns dirty-minded!
Aside from marriage, how much should I expect to pay an accountant? As I stated before, I don't need any kind of extravagant tax shelters. I basically need the accountant to do the tax for our partnership (I work with one other person) and then do the tax that passes on to us. We don't have a lot of deductions, since we didn't really keep good receipt records (didn't think business would last).