How much are you paying for a CPA and what all are they doing

Discussion in 'Trucker Taxes and Truck Financing' started by BAYOU, Jan 24, 2012.

  1. 11akash

    11akash Bobtail Member

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    Dec 11, 2021
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    I decided to hire an in house CPA / Accountant ~$1000 / month. he does everything from cash flow, quick books, payroll, profit loss, updating accounts, paying invoices and other tasks too. Best investment
     
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  3. FiveRiversFreightlinesLLC

    FiveRiversFreightlinesLLC Bobtail Member

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    Feb 16, 2022
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    If you don't mind, what is their contact info?
    Thanks
     
  4. Ridgeline

    Ridgeline Road Train Member

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    Dec 18, 2011
    Michigan
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    Do your own ledger and use the accountant to help with major decisions and taxes, spending $1000 a month is stupid.
     
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  5. runningman0661

    runningman0661 Road Train Member

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    Clover, South Carolina
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    I put all my own numbers into a spread sheet each week. Every quarter I print out P&L . At the end of the year I print out a final P&L and give those to my CPA . She only charges me $338.00 to file my taxes. It beats paying some of these truck specific tax companies thousands of dollars a year.
     
  6. pete781693

    pete781693 Road Train Member

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    Oct 23, 2010
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    That is the correct answer.
    If you spend a little time each day to record your expenses, not only will you have a better understanding of the health of your business, it will also simplify your quarterly and annual filings.

    My wife is an EA. She gives each of her clients a tax organizer. If they maintain their records properly, then their tax filing can be quickly prepared and e-filed.
     
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