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Updated almost 6 years ago,

User Stats

20
Posts
5
Votes
Joshua B.
5
Votes |
20
Posts

Filing taxes as an LLC, last year's CPA is no longer available

Joshua B.
Posted

My LLC (small partnership) has been renting an 8 unit property in Rochester NY for the last year+

Last year (2017) we filed a 1065 and state tax return with a colleague and CPA. We were satisfied with the results as he also coached me on how to prepare monthly accounting and financial statements (details below). However, this CPA is maxed out this year and not available to help file at this time.

Does anyone have any good recommendations for a CPA that can help us file for 2018? Or any advice on how to self-file for an LLC of this size?

A little background on us……
We have tight books (all moneys accounted for and going to where they should be). I do a monthly roll up of all expenses on excel. We use accrual accounting method. Total CY2018 transactions is just shy of 1000 total transactions among all our accounts.

I also have a very robust financial statements excel workbook that I complete quarterly. Columns included are below with some wavetop overviews for 2018:

1) Balance Sheet - no problems, balanced amount is around 240k

2) Income Statement - Approx 10k for 2018

3) Profit and Loss - Matches income statement

4) Statement of Cash Flows - Approx 15k for 2018.

5) Statement of Shareholder Equity - Approx 124k for end of 2018.

Also looking to ask if anyone has any experience self-filing a business tax return? I don’t know if this is something that can be done on an online provider like turbo tax.

I have a very strong financial background and could probably learn to file myself, but the peace of mind in having a CPA look everything over is worth something to our LLC.

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