- 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
Tax guys opinions needed
Posted on 4/13/18 at 5:32 am
Posted on 4/13/18 at 5:32 am
We have used an accountant for our taxes for years. Super sharp guy who has saved us alot of money.
We have a couple of in home type business to reduce our tax burden. From what I know (which isn't alot) the 2018 standard deduction doubles to 24k and some of those write offs disappear. Would it be wiser to just do my own taxes next year and save the 350 that I pay him?
We have a couple of in home type business to reduce our tax burden. From what I know (which isn't alot) the 2018 standard deduction doubles to 24k and some of those write offs disappear. Would it be wiser to just do my own taxes next year and save the 350 that I pay him?
6
Posted on 4/13/18 at 5:47 am to Beessnax
Yes, that's plenty of information to render an opinion.
Posted on 4/13/18 at 9:29 am to Beessnax
Personally, I'd pay him the 350 and see what he does. If he only takes the standard deduction I'd look into doing that next year for myself, if not well you have your answer.
Posted on 4/13/18 at 10:01 am to Beessnax
I think you will find tree fiddy to be a pretty standard rate.
Posted on 4/13/18 at 10:09 am to Beessnax
If you have side businesses, the expenses tied to the business should still be deductible. $350 a year to endure things are right and not have to do it yourself seems like a fair trade off.
Posted on 4/13/18 at 11:03 am to Jcorye1
I agree to pay it this year and see if he takes the standard deduction.
Posted on 4/13/18 at 1:29 pm to Beessnax
Are you deducting them on Sch C or Sch A? If Sch A, they will go away and you'll likely be using the standard deduction. If Sch C, they are not going away and you can still deduct them.
If I'm understanding that you're taking a home office deduction correctly. Post isn't quite clear.
If I'm understanding that you're taking a home office deduction correctly. Post isn't quite clear.
Posted on 4/13/18 at 3:27 pm to Beessnax
I have a number of clients that could easily prepare their own taxes now, as well as after tax reform kicks in, but choose to use a CPA so they don't have to "deal with it".
If he's a super sharp guy who saves you a lot of money... it seems $350 is worth it, is it not?
I would agree, let him do it next year and see if it's dramatically easier. If it is, and you are comfortable, maybe take it back after that.
If he's a super sharp guy who saves you a lot of money... it seems $350 is worth it, is it not?
I would agree, let him do it next year and see if it's dramatically easier. If it is, and you are comfortable, maybe take it back after that.
Posted on 4/19/18 at 11:55 am to LSUFanHouston
quote:
If he's a super sharp guy who saves you a lot of money... it seems $350 is worth it, is it not?
He is. He has saved me literally thousands of dollars over the years. I might do what you say and just watch what he does next year then decide. Thanks to you and everyone else who responded
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News