Home › Forums › WSB Reader Recommendations › Need recomendation for inexpensive small business tax advisor
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May 1, 2010 at 7:45 pm #594687
null_pointerMemberGreetings WSB forum members,
After being laid off last year and being unemployed for several months I recently started doing consulting work. This means I’m self employed and get paid without having any taxes taken out of my checks. This is new to me and I’m in the process of getting a business license etc. Obviously I don’t have to pay taxes right away but I would like to talk to a knowledgeable professional who could give me advice about what expenses I can write off and what documentation I need to maintain etc. Cost is a consideration for me because my budget is still pretty tight. Anyone out there have any recommendations?
May 1, 2010 at 8:02 pm #693715
jwwsParticipantIf you are self-employed and not a corporation you need to file estimated taxes 1/4ly 4/15 was 1st due date
May 2, 2010 at 1:01 am #693716
DianaParticipantCongratulations on your new venture! To ensure success I recommend you consult with an attorney and a CPA. Both should be well versed in working with a small business start-up. The initial investment, of perhaps just a one hour consult, will point you in the right direction.
May 2, 2010 at 1:23 am #693717
SueParticipantnull_pointer, I’m also in the middle of starting up my own business, and I just had an appointment with Seattle Score which is a resource partner to the US Small Business Administration. Appointments are free and they can give you one-on-one business advice. They also offer paid classes to help with different aspects of business. For the mentoring appointments, they asked what type of business and what help you need, and they matched me up with someone who knew how to help me. I came away understanding a lot more than I did when I got there. The website is http://www.seattlescore.org and they’re located downtown/Belltown at 4th and Battery. It doesn’t replace an attorney/CPA, but it might be something to consider.
May 2, 2010 at 2:13 am #693718
CarolPBMemberGet Quicken, or other small business software. Enter all from a business checking account. When entering expenses, you catagorize each entry. Set 30% (or more) aside for taxes & social security. At the end of the year, you can print out your income and business expenses for taxes and write-offs. Of course, get advice from a CPA. Sue had some good advice!
May 2, 2010 at 8:04 pm #693719
dhgParticipantSmall Business Accountant: Give Barbara Petty a call. She works with LOTS of small businesses and get get you on the right track. Her # (206) 285-0883
May 2, 2010 at 10:56 pm #693720
elikapekaParticipantI have worked with Mary Gleason (Gleason & Associates) for years. She handles both small business and personal accounts for us. You can reach her at 206.937.5323
May 3, 2010 at 1:21 am #693721
null_pointerMemberThanks everyone for your responses. There is definitely some good feedback and suggestions that I will follow up on.
May 4, 2010 at 2:17 am #693722
CarolPBMemberWanted to add that 30% is what was proper for my small business-hopefully you will make WAY more money and need to set aside a higher percentage!
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