Jane42 Posted January 31, 2008 Share Posted January 31, 2008 ...And we want to make sure we have all the information he would need. We have been selling candles for approximately two years.At this point, we have a DBA, NYS sales tax number and insurance. We are not sure what kinds of questions to expect. We really want some guidance as to how we should be handling the "paperwork" side of our business. We have never put any of our business gains/losses on our personal taxes.Any suggestions on what we should expect...what we need to ask...:embarasse Jane Quote Link to comment Share on other sites More sharing options...
islandgirl Posted January 31, 2008 Share Posted January 31, 2008 My accountant sends me an organizational package. Everything they need from me is is it.I just plug in my numbers for her. I also make her a copy of my Quickbooks.That's it. She does the rest.Regarding the paper work. Make sure you have added up all your costs of supplies etc - and all your sales. That way you won't get charged for her to tally this. If you need a good software program.Quickbooks Simple Start is now offered free. It is basic and easy and FREE!!http://proadvisor.intuit.com/product/accounting-software/simple-start-bookkeeping-software.jhtml Quote Link to comment Share on other sites More sharing options...
Jane42 Posted January 31, 2008 Author Share Posted January 31, 2008 Thank you so much for your response!!! I really appreciate the help!I will definitely download the Quickbooks when I get home from work. If I can figure it out, it should definitely be called "Simple"....lol Quote Link to comment Share on other sites More sharing options...
flutterbye Posted January 31, 2008 Share Posted January 31, 2008 Make sure when you are adding up your cost of supplies, seperate them into different categories like: equipment, materials & supplies, advertising expenses, repairs & maitnance, commissions, office supplies, etc... Quote Link to comment Share on other sites More sharing options...
Jane42 Posted January 31, 2008 Author Share Posted January 31, 2008 Make sure when you are adding up your cost of supplies, seperate them into different categories like: equipment, materials & supplies, advertising expenses, repairs & maitnance, commissions, office supplies, etc...Thank you! Quote Link to comment Share on other sites More sharing options...
Scented Posted January 31, 2008 Share Posted January 31, 2008 Ours had us give them our cost to make something (not what we sell it for) and break down your instock inventory too. Trying to remember what all we supply (as it takes a millenium to enter it all lol).Ah yes, we did have to keep track of what we paid tax on and if we paid any use tax as in this state, once something crosses the border without taxes paid on it, then we owe a use tax. Quote Link to comment Share on other sites More sharing options...
Jane42 Posted January 31, 2008 Author Share Posted January 31, 2008 Ah yes, we did have to keep track of what we paid tax on and if we paid any use tax as in this state, once something crosses the border without taxes paid on it, then we owe a use tax.Oh, good grief, as if it isn't confusing enough!! lolThanks, Scented. Quote Link to comment Share on other sites More sharing options...
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