Cloud based tax services and tax accountants
3 Replies
Jeremy Rivers cooke
from Tampa, FL
posted over 1 year ago
Any recommendations on cloud based accounting services? I'm going to be operating a small construction company as a GC and eventually investing in single family flips and rentals. Thanks in advance.
Eamonn McElroy
Accountant from Atlanta, GA
replied over 1 year ago
There are at least a dozen active tax CPAs and EAs on this forum. To my knowledge all are equipped to work remotely with clients.
I would read a few posts of each, jot down the names of ones you like and reach out.
Michael Plaks
Tax Accountant / Enrolled Agent from Houston, TX
replied over 1 year ago
Let's be clear what you're asking about when you say "accounting."
a. Cloud bookkeeping. This is processing your day-to-day expenses and receipts. For your construction company, look into QuickBooks for Self-Employed:
https://quickbooks.intuit.com/self-employed/
They recently added an upgraded option where you have access to their contracted accountants. It's probably worth the extra money.
b. Cloud tax preparation. This is done once a year, and the above-mentioned QBSE has a bundled service which includes tax prep.
Now, the 1st warning: both options should work fine for your construction company, as long as it is taking off and making modest money. Once it starts flying (say over $50k profit left after all expenses) - then you need individual tax planning. It can be provided by any competent accountant, locally or remotely.
The 2nd warning: construction companies are fairly simple when it comes to bookkeeping and taxes. Once you start buying properties to flip or rent - you're entering a very complex world of real estate taxation. At that point, you need a real estate specialty accountant on your team. You can find a bunch of us on this forum.
Good luck!
Jeremy Rivers cooke
from Tampa, FL
replied over 1 year ago
@Michael Plaks @Eamonn McElroy Thank you for the feedback!!