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 6 years ago, 01/14/2019
How/where to find a good CPA in PA
Hello,
We are in need of a long term back and forth relationship with a CPA. My husband and I are both self employed and I'm not sure how to go about finding a good cpa who knows real estate tax law in Pennsylvania.
Our main source of income right now is my husband's remodeling business. He is a contractor and does home remodels for clients like kitchens, bathrooms, basements, windows and doors and decks. I do the quickbooks (which I'm not so good at,) email response, social media marketing, etc.
We currently use subcontractors for the remodeling business but want to look into hiring employees and the implications of doing so tax wise because we may be bordering on the gray line of where subcontractors end and employees begin.
Our goal for 2019-2021 is to slowly progress into flipping homes full time and using that capital to purchase more multifamily properties and hopefully eventually getting away from homeowner projects altogether. Together, my husband and I have flipped one house, are currently completing our second flip, and purchased a mutlifamily in 2016 to implement the BRRRR strategy on (buy, rent, rehab, refinance, repeat.)
We currently live and are renovating a 2 unit multifamily where we occupy the 3 bedroom 1 bathroom home (to be a 4 bedroom 2 bathroom) and we rent out the 1 bedroom 1 bathroom apartment above our garage.
We also purchased a house to flip with my mother as a 50/50 partner on 12/17/18 and we plan to list the house by 2/28/19. I have no idea what to do with this as far as taxes are concerned.
Lastly, I have a social media business where I provide marketing services to businesses (like my husband's remodeling business) as well as operate a blog with a small profit under this business.
We're looking for a CPA to whom we can turn to with questions about how to grow as a business and save as much in taxes as we can legally with proactive thinking.