what should my accountant be doing for me?
962127
This depends on what you want from your accountant.  Many accountants provide tax advice.  With the complexities of taxes in different jurisdictions, keeping your financial statements and reporting is task enough.\n\nSome accountants will provide additional services, such as financial analysis or financial planning - usually in tax but sometimes in forecasting for your business.\n\nMany of my clients use both an accountant and a business advisor so that they can get the best of both worlds. If you think you need more from your accountant, ask him or her what he or she can provide for you.  In construction, you could do plan to actual reports for each of your construction jobs - review your bidding and costing and even provide a cash flow as a part of your overall business success.\n\nKeep in mind, this all costs money - but if you are running your business without the best information possible it is money well spent. \n\nGood Luck
121787
Include everything on your taxes to avoid litigation. Especially your expenses, they are deductable and will lower you tax liability, consult a tax professional.
557840
I'm a CPA and have no idea what you're talking about.  Can you ask your question in a way that makes sense?
501764
get your cpa cert and do taxes on the side. plus if you really know math that should be good for something
200067
You should probably speak with a tax attorney or an accountant to make sure you follow federal guidelines.
570687
Certainly the human resources officer where you work can provide some information for you. The tax situation could be the most serious so make and follow a plan to settled that immediately.  Get a notebook. Write your name and the date on the first page. Skip the next two or three pages. Then list each activity, bill or account that needs to be settled on a page by itself. Include the account information like the person to contact, the phone number, address, interest rate and the amount that is owed, and when it is due for each one. Set a time to find the resources (people or organizations) that are available to assist with resolving each one. When you complete paying an account, put a big x on it's page. Turn to the pages that you skipped and write the name and the date that it was completely settled on one line. Keep working on this consistently until you have all the pages with X's on them and the list of completed accounts and dates listed on the pages that were skipped for this purpose. Good luck...
285199
try this site for help in accounting...\n\n\nhttp:/www.futureaccountant.com/
587108
If you're using software, there is often a 'canned' chart of accounts included.\n\nIf you do a search for 'sample chart of accounts', you'll find many examples - you should look for one that best fits your type of company\n\nWhat many people do, if your biz is not complicated, is just use say 1xxxx for assets, 2xxxx for liabilities, 3xxxx for equity, 4xxxx for revenues, 5xxxx for cost of goods sold, 6xxxx for expenses, 7xxxx for taxes, 8xxxx for other income/expense.\n\nIf you more or less follow the order in which things will appear on the financial statements, you can't go too far wrong
890134
I've got my own LTD company. First find a good accountant who specialises in small businesses, he will keep you right as to everything you need to do. You need to decide on your company name and check it again the list at Companies House (you can do this on the net). You need to decide whether you wish to register for VAT (if your turnover is above a certain amount you don't have a choice, you must be registered). You will need liability insurance, but again a good accountant will point you in the right direction. Your accountant can also be your company secretary so you don't need a partner. Good luck!
440989
If you are an employee, salary sacrifice your pay. Take some of your salary as a laptop, extra superannuation etc.\n\nIf you run a business, incorporate it, and make sure you have a Personal Services Business, in accordance with the Alienation of Personal Services Income legislation.\n\nCompanies only pay a tax rate of 30%, but if you provide personal services, you'll end up having that company income attributed to your personal tax.\n\nYou can also minimise personal tax by hiring a really expensive accountant. They come up with the most creative ideas.
1056748
My husband and I are opening our own business also and have heard some horror stories about friends of ours who tried to do their accounting themselves and ended up owing the IRS thousands.  I think it's worth it (especially for peace of mind) to go ahead and hire an accountant to do your taxes and who will guide you with the rest of your accounting also.  You can shop around and get quotes from different accountants and also ask other business owners in your area who they trust. :)
625290
short answer, get MYOB and pre-select the business type, it will give you a complete chart of accounts applicable to that type of business.\n\nThere are some basic line items that every business will use, but in essence, you can, subject ot accounting standards and generally accepted accounting principles, create what you want.
842250
get an accountant you trust or a firm that specializes in business evaluations to run through the numbers.. and then make your own decision by relying on your experience/expertise in your field.
626754
You need to calculate your benfits into what you are paid vs. your billable rate. If you were a consultant and were being billed at $175 you the overhead should average $20 to $30 and you get the rest which would be $145 to $155...maybe you should go out on your own as a consultant ??
1084143
I am a public accountant who deals with small businesses.  I like to think of accounting as detective work with numbers.  When a client supplies me with information, I go through the numbers and see which ones are innocent (ie clean), and which ones are guilty.  I keep my clients on the straight and narrow by reporting ALL their income, and finding ALL the appropriate deductions.   I interview the clients to get more information, I do research on the internet to learn more about the client's vendors, and I consult with colleagues to discuss best procedures.  It can be a rewarding job.
345782
get an extension, and spend that time thinking about how to arrange the money to pay your taxes, or perhaps consult an accountant or someone to help you with your problem.  I think they will give you better advice than myself.
206134
JUST A ACCOUNT PAYABLE IS A VERY GOOD JOB TO GAIN EXPERIENCE IN ACCOUNTING. YOU WOULD LEARN HOW TO DEVELOP IN AN OFFICE SETTING, WITH PEOPLE WITH THE SAME INTEREST THAN YOU. GET AND KNOW PEOPLE THAT COULD BE OF HELP AND GOOD REFERENCE  IN THE FUTURE