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We use a company that has their accountants in India. They access our quickbooks file via a cloud server. It costs about 3K/month for a full time accountant (th
by triviatise 15y ago
We use a company that has their accountants in India. They access our quickbooks file via a cloud server. It costs about 3K/month for a full time accountant (that is 40 hours a week).
Keep in mind that most accountants are actually tax guys. They can put things into categories and track the numbers but cant actually make any recommendations about how to structure your finances, your corporate structure, how to reduce taxes, exactly how you should accrue your revenue/expenses and what kinds of metrics you should use to monitor your business. It is helpful to get a CFO level person to set everything up and then you can get a lower level person to just crunch the numbers into the right places.
At the end of the year you will have a tax accountant do your taxes. Even within the tax guys there are tax guys that will simply calculate your taxes and ones that will help you to optimize your taxes.