Looking for a CPA in my area

Tax, SDIRAs & Cost Segregation
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Looking for a CPA in my area

Dillyn Davidson Saurdiff
Rental Property Investor · Seaside, OR · Member since 2017 · 40 posts · 11 votes

I am still a "wanna be" investor, but will be jumping in sooner than later hopefully.
I am looking for a CPA for my team, someone I can ask a lot of rookie questions to, someone with experience in real estate investing, hopefully they have their own investments, and willing to help with my small business.
I started a small pet care business this year, for two reasons. 1) To help raise capital for my real estate investing. 2) To start learning taxes before I start my real estate company.
So someone who can help me learn small business taxes now than real estate taxes in the near future.
I'd love to meet someone in my area of Clatsop County, Oregon. I would be willing to travel to Hillsborough/Portland area. 
If I could get a free quick meeting with anyone to say hello and meet first,  to find someone who would like to work with me. Than I would happily pay for a basic tax question lesson from you. The ultimate goal is to find a CPA to form a long term relationship with to help my along my Real Estate Investing career, and make them and me lots and lots of money.

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Dmitriy Fomichenko
Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
8y

@Dillyn Davidson Saurdiff

You are in the right place to learn all about REI, including basic tax questions. There are many resources here on BiggerPockets that are available for free, including top notch articles written by @Amanda Han and @Brandon Hall, podcasts with Amanda @Linda Weygant, as well as very insightful discussions here on the forum with several expert contributors such as @Michael Plaks and several others. Also Amanda's book "Tax Strategies for the Savvy Real estate Investor" published by BiggerPockets is a great resource.

These resources might be a good place for you to start. I do not know anyone local to you to recommend, but most of these folks will work remotely with clients, you can reach out to them directly to see if they will take new clients. 

You may also want to go to some local real estate meetups to meet local investors and perhaps find a CPA near to you that way, however in my opinion when it comes to REI tax expert, the knowledge, experience, and customer service are far more important than proximity.

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  • Dmitriy Fomichenko
    Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    8y

    @Dillyn Davidson Saurdiff

    You are in the right place to learn all about REI, including basic tax questions. There are many resources here on BiggerPockets that are available for free, including top notch articles written by @Amanda Han and @Brandon Hall, podcasts with Amanda @Linda Weygant, as well as very insightful discussions here on the forum with several expert contributors such as @Michael Plaks and several others. Also Amanda's book "Tax Strategies for the Savvy Real estate Investor" published by BiggerPockets is a great resource.

    These resources might be a good place for you to start. I do not know anyone local to you to recommend, but most of these folks will work remotely with clients, you can reach out to them directly to see if they will take new clients. 

    You may also want to go to some local real estate meetups to meet local investors and perhaps find a CPA near to you that way, however in my opinion when it comes to REI tax expert, the knowledge, experience, and customer service are far more important than proximity.

    2Reply
  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    8y

    @Dillyn Davidson Saurdiff

    There are a couple of CPA's on this website who are also real estate investors.

    How do you have your pet care business set up?(sole prop, partnership, corporation, something else?)
    Did you have any specific questions related to the business?

    Now is a great time to connect with a CPA so you can get year end advice. Most CPA's have more downtime than other parts of the year from October 15th through January 15th.
    finding an accounting during busy season may not be the greatest time.

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
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  • Dillyn Davidson Saurdiff
    OP
    Rental Property Investor · Seaside, OR · Member since 2017 · 40 posts · 11 votes
    8y

    @Dmitriy Fomichenko Thanks for the resources! I have wanted to read that book and will some day. I definitely want a skilled CPA more than a local one. I'm just checking all my resources to see where I can meet one. Because, we all know BP is an awesome place to go asking anything real estate.

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  • Dillyn Davidson Saurdiff
    OP
    Rental Property Investor · Seaside, OR · Member since 2017 · 40 posts · 11 votes
    8y

    @Basit Siddiqi

    My pet care business is registered as an LLC.
    Yes I have a million specific tax related questions. I honestly just don't know where to even start. I have no clue how to file business taxes. 
    If I may take this opportunity to choose one question.....I have not been saving my receipts for my expenses, but I do have them all under a business account. Am I able to use bank statements to get information for my expense tax write off?
    I am taking a class next week on quick books, after that I will start being more organized with my expenses.

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  • Dmitriy Fomichenko
    Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    8y

    @Dillyn Davidson Saurdiff

    You should be saving receipts for the business expenses, but you don't have to save the original. Electronic copy would be just as good. There are many mobile apps allowing you to quickly scan your receipts (only takes few seconds). That is what I do and then get rid of the original receipt. I use app called "FastScanner" which has a version for both: iPhone and Android, but there are many other apps as well.

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  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    8y

    @Dillyn Davidson Saurdiff

    I have no clue how to file business taxes.

    If the LLC is a single-member LLC - You will attach form Schedule C to your 1040.
    Alternativily you will file form 1120 if you opted to be taxed as a corporation

    If it is a multi-member LLC - you will need to file form 1065

    Am I able to use bank statements to get information for my expense tax write off?

    Unfortunately you do need receipts. Taking a picture of the receipt via camera phone works.


    I am taking a class next week on quickbooks, after that I will start being more organized with my expenses.

    It is good to understand the concepts of doing your own books. However, you may be better off focusing time on things that generate a greater rate of return on your time(analyzing deals, networking etc) and leave the accounting to a professional.

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
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