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Updated almost 8 years ago on . Most recent reply

Loretta Davis's profile image
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Loretta Davis
  • Investor
  • from Desoto, Texas
  • Member since Nov 8, 2016
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Loretta Davis's profile image
Loretta Davis's profile image
Loretta Davis
  • Investor
  • from Desoto, Texas
  • Member since Nov 8, 2016
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Loretta Davis
  • Investor
  • Desoto, TX
1
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Tax, SDIRAs & Cost Segregation

Initial Balance Sheet set up

Loretta Davis
  • Investor
  • Desoto, TX
Posted

Hi! We've just set up an LLC for our RE company and were recommended a tax accountant to use for the initial Balance Sheet and tax prep. He's charging $400 for the initial set up and to create a bill of sale for assets being transferred to the LLC from our personal assets. Is this a reasonable charge? Is there any software you'd recommend for the initial set and subsequent accounting?

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Account Closed's profile image
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Account Closed
  • Retired Landlord/Author
  • from Commerce Township, Michigan
  • Member since Oct 10, 2012
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Account Closed
  • Retired Landlord/Author
  • from Commerce Township, Michigan
  • Member since Oct 10, 2012
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Account Closed
  • Retired Landlord/Author
  • Commerce Township, MI
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Account Closed
  • Retired Landlord/Author
  • Commerce Township, MI
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This is a typical Balance Sheet in QuickBooks.  QuickBooks does this for you automatically each time to enter in a Transactions.   

Nancy Neville

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