- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Bookkeeping and Tax Filing Software
Posted on 8/21/13 at 8:15 pm
Posted on 8/21/13 at 8:15 pm
I'm looking to start a small bookkeeping service as well as doing some tax return preparation on the side.
What would be the best software for providing these services?
Quick books seems to be a good possibility. Especially with, I'm assuming, a pretty easy transition to TurboTax.
Any opinions are welcome!
What would be the best software for providing these services?
Quick books seems to be a good possibility. Especially with, I'm assuming, a pretty easy transition to TurboTax.
Any opinions are welcome!
4
Posted on 8/22/13 at 11:16 am to SLafourche07
Anyone? Anyone? Bueller? Bueller?
Shameless bump.
Shameless bump.
Posted on 8/22/13 at 11:41 am to SLafourche07
Quickbooks is pretty tough to beat because of the cost and ease.
As long as it's set up correctly, it should work good for you.
As long as it's set up correctly, it should work good for you.
Posted on 8/22/13 at 11:51 am to SLafourche07
QuickBooks is good. Turbo Tax has way too many screens and is too slow if you will be doing any kind of volume. Most tax professionals I know use Lacerte or Pro Systems. There are other vendors that may be as good or cheaper.
I'm assuming you know you need to register with the IRS as a tax preparer and comply with their education requirement, unless you are a CPA or Attorney. Just a heads up.
Good luck
I'm assuming you know you need to register with the IRS as a tax preparer and comply with their education requirement, unless you are a CPA or Attorney. Just a heads up.
Good luck
Posted on 8/22/13 at 11:51 am to SLafourche07
Quickbooks should be sufficient for most bookkeeping applications, as long as you know what you're doing.
How many tax clients are we talking about? Mix of business and individuals?
How many tax clients are we talking about? Mix of business and individuals?
Posted on 8/22/13 at 12:01 pm to ROUSTER
That's what I figured. Is there a specific version you would recommend? I see a monthly subscription service. Or you could buy it outright for the desktop and I'm assuming not get the same support.
They also have specialized versions for accounting professionals.
I'm leaning towards buying the desktop version. It looks like after 10 months of the subscription you could have bought the desktop version. I guess the big question is how long will they support the 2013 version. If it lasts 3 years and I have to buy it again every three years it will come out much cheaper to just buy the desktop versions.
They also have specialized versions for accounting professionals.
I'm leaning towards buying the desktop version. It looks like after 10 months of the subscription you could have bought the desktop version. I guess the big question is how long will they support the 2013 version. If it lasts 3 years and I have to buy it again every three years it will come out much cheaper to just buy the desktop versions.
Posted on 8/22/13 at 12:11 pm to tigeryat
Im a CPA. Recently passed. Ive worked in industry for my whole two year career so no public experience.
I'm just planning to do some personal returns and I'm looking to provide bookkeeping services for a few small local companies.
Just enough to get my feet wet to start. Then I'll try to expand as I get more experience.
You have to start somewhere!
I'm just planning to do some personal returns and I'm looking to provide bookkeeping services for a few small local companies.
Just enough to get my feet wet to start. Then I'll try to expand as I get more experience.
You have to start somewhere!
Posted on 8/22/13 at 1:08 pm to SLafourche07
QuickBooks will convert files from prior year versions to later year versions, but you can't go back to prior versions once data has been converted. So you will need the same versions as all of your clients.
As for tax return preparation, electronic filing as a paid preparer requires registration with the IRS, or you will have to find a CPA who will file them for you. If the volume of returns you prepare is low, then you can file paper returns, but most clients want the speed of electronic filing. Refunds in a couple weeks as opposed to a couple months.
If the returns you will be preparing are not complex, then find the cheapest software. You will probably want software that you pay a fee per return processed rather than software you purchase. Just build the software fee into the price you charge your clients.
As for tax return preparation, electronic filing as a paid preparer requires registration with the IRS, or you will have to find a CPA who will file them for you. If the volume of returns you prepare is low, then you can file paper returns, but most clients want the speed of electronic filing. Refunds in a couple weeks as opposed to a couple months.
If the returns you will be preparing are not complex, then find the cheapest software. You will probably want software that you pay a fee per return processed rather than software you purchase. Just build the software fee into the price you charge your clients.
Posted on 8/22/13 at 2:11 pm to SLafourche07
quick books and turbo tax
Posted on 8/22/13 at 3:36 pm to 756
Where are you located?
Posted on 8/23/13 at 8:13 am to SLafourche07
Look at your contract with the company you currently work for and ensure that you are allowed to do what you are discussing here. Many contracts don't allow you to provide your professional services outside of your capacity with the company you work for.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News