All Forum Posts by: Markus Shobe

You probably don't need a CPA, but I would get a tax professional. It will be very beneficial for you going forward. 

If you need double entry accounting, and by your post it looks like you do, you will most likely need to start using a different accounting software. 

Talk to an accountant to see what is most beneficial. Is there a reason why you are thinking of selling?

My clients use Quickbooks online. We use the class feature. Every class is a location. You can take pictures and assign them to transactions.

1,500 seems pretty cheap to me, but if they have good reviews I would probably at least try them out. Your growing so this is a perfect time to get these services nailed down.

Usually I say if I have to learn something new and it will take me a long time to understand the material I say outsource because you can spend your time working on your business. Since you only have one property at the moment you could continue doing the taxes yourself but once it becomes more trouble than its worth it is time to outsource. 

Sounds like they are bitter. Looks like you made the right move to move on from them. Better to do it now than later. 

I would not sell. You could do a cash out refinance or even look at a balance transfer at 0% for a couple of years. Only do that though if you can pay it off or get close to paying it off within a couple of years before the interest rate changes. 

I would start with a sole proprietorship first. Once I got a few more I would then start to look at an LLC.

Your best bet would be creating it yourself in excel. It may take time to learn the formulas but you will have our spreadsheet just way you want it.