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Results (5,516+)
Serge S. Due on sale clause was called by bank!
28 April 2023 | 133 replies
I treat the LLCs as "disregarded entitys" for IRS purposes so no more book keeping needed.  
Luke Westmoreland Should I go to College?
12 May 2023 | 84 replies
Major in finance/accounting so you will have a leg up on other investors as far as book keeping and taxes go.
David Kuhlke CPA charging me $3,000 to prepare simple tax return?!!!
2 August 2021 | 26 replies
This way, your CPA does not have to manually type in each record and he only has to make a few minor changes to your Excel sheet and he can dump your records into his database.If you don't know how to do what I explained then expect to have many errors in your records that nobody can ever find and expect to pay more than $3,000 for a good CPA.I develop all my own software with MS Access 2003 and I am a very strong believer that the reason my businesses have been successful is because my bookkeeping, payroll processing, customer data lists, account receivables and many other facets of my business is so streamlined where I had as many  as 60 employees, did up to $7 million in plumbing and construction business, own real estate in several states and I never had more than 1 secretary who worked more than 20 to 30 hours per week and our records are accurate-to-the-penny.
Adam Mathews Average cost for REI CPA/Tax Accountant?
7 January 2024 | 12 replies
Then bookkeeping would be a separate charge of 250 an hour but probably won't take long if it's for only a few entities. 
Andi Morgan Moving rentals into LLCs w/ girlfriend but single-member LLCs are all we hear about?
26 December 2023 | 9 replies
Basically, they name everyone because they’re hoping and counting on the fact that people set up their own LLCs and didn’t adhere to basic entity maintenance and kept things separate (like bookkeeping and separate bank accounts).
Nick Halula Looking to buy in Maryland near Baltimore
11 December 2023 | 3 replies
I have a 50/50 partnership, and we went in 50/50 on the down payment and split the management responsibilities - I handle leasing and bookkeeping, he handles maintenance requests and occasionally DIYing some of the labor if he feels like saving us some money. 
Troy P. CPA Suggested Using 2 LLCs
16 February 2023 | 16 replies
Unless you are PERFECT with all the requirements..... actually having quarterly and year end meetings, notes on board meetings, all your policies documented, bookkeeping spot on.... every "i" dotted and "t" crossed etc..... they will piece that "protection" very easily.
John Mcdaniel How to pick most favorable state for incorporation
15 June 2015 | 12 replies
A partnership does create liability protection and therefore can be made up of individuals or entities.However, there are numerous other differences: bank accounts, bookkeeping, titling, tax allocations, etc, that are also different between the two.Search through my website.
Jeff S. Withdrawing funds-LLC
25 July 2020 | 29 replies
Pretty straightforward for your bookkeeper.
Daniel Hart I'm stressing out, I need to learn accounting!
31 January 2012 | 18 replies
Quick Books is good software, that is what we use.It sounds like you should hire a book keeper versus doing it yourself.