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> So you say the CPA helps you file all of this? Or do you do the quarterlies by yourself and go to the CPA with this? Every year, I bring my invoices, receipt
by claviska 7y ago
> So you say the CPA helps you file all of this? Or do you do the quarterlies by yourself and go to the CPA with this?
Every year, I bring my invoices, receipts, etc. and my CPA figures out what I owe and handles all the details and the filing. Then she estimates my quarterly taxes and sends me "bills" before they're due. I basically write a check and I'm done.
A good CPA will meet with you when you get started to coach you on what things to keep track of (e.g. invoices, receipts, mileage, etc.).
> What about all the legal? As a one-person business, I imagine it's too much to understand all the legal rules w/o consulting with an expert.
For more complex businesses, maybe. I've never had an issue. If you're really worried, consider getting a prepaid legal service as cheap insurance.