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Since 1980, Small Business Tax and Management has been providing services to business owners. Lots of resources on this site. www.smbiz.com/
Bookkeeping and Tax Programs: Quicken, QuickBooks, Turbo Tax www.intuit.com/products_services
Taxes and Accounting www.quicken.com/small_business axes_and_accounting http://www.peachtree.com/
The Top 10 Essentials for Making a Hobby Into a Business http:/ opten.org/public/AA/AA82.html Dealing Effectively with IRS http:/ opten.org/public/AN/AN23.html
CPA or Bookkeeper? Besides trading on Wall Street, I was an Operations & Accounting Manager. At one point, I had bookkeepers and a few CPA's working for me. I was able to sign off on work performed by bookkeepers but I wasn't unable to sign off on any internal audits. Why? Because I didn't have a CPA License!
So you can see, there is a difference between a CPA and Bookkeeper. Now-a-days, with Quicken and Peachtree, many of us can set up our own bookkeeping and send out invoices - if that is how we choose to use our time.
If you are a sole proprietor, you can 1) hire a CPA firm that will also do your monthly bookkeeping 2) hire a CPA firm that will help you set up your monthly bookkeeping system and then you can do your bookkeeping or hire a bookkeeper 3) hire a bookkeeper to do your monthly bookkeeping 4) do it yourself.
Personally, I did my own bookkeeping for many years (I was an accounting manager) and then brought my records to a CPA yearly. I keep up with as many tax laws etc. as I can, I guess because I like that sort of thing. Many folks don't though! Know which you are!
As my business grew, I hired a bookkeeper and worked with them to set up a monthly bookkeeping system. The system was set up as suggested at IRS Tax Class I attended - with categories names and in close order to tax forms I'll use as a sole proprietor (Schedule C & Form 8829). I'll choose names of sub-categories based on how I spend money. They also suggested that you set up your file cabinet with similarly named files.
Enjoy my article on CPAs. It's called "10 Ideas To Help You Choose a CPA" http://www.coachmaria.com/articles/cpa.html
© Copyright 2002 Maria Marsala is an internationally known coach, author, and speaker. A former Wall Street trader and manager, she is the author of the ebook "Thinking of Starting a Business... Let's Talk About What's Next." Subscribe to her free ezine "Helping You and Your Business Grow" at http://www.coachmaria.com/ebook/download.html