Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Seeking Bookkeeping & Accounting Advice
Good afternoon BP,
My partner and I purchased our first duplex in October 2021 and quit claimed it to an Ohio LLC. We are in the process of completing our taxes and our tax agent is requesting a lot of data and is estimating about $650 to complete our business taxes, which seems pretty reasonable. We would like to hand this off to a bookkeeper to get all of our accounting in order but we are having a difficult time finding a good source for this. All of our receipts and accounting info have been uploaded to our Quickbooks account but Quickbooks charges $500 for a cleanup and $200 monthly thereafter, which will eat into our cashflow significantly. My partner and I have full-time jobs and do not have time to do not have the time or experience to do this type of organizing. Does anyone have any suggestions for outsourcing our accounting/bookkeeping without breaking our business bank account? Thank you in advance for your time and guidance.