01-03-2007, 05:56 PM
Yep, I have an S-Corp and an accountant. I've tried doing them myself, but my accountant always finds many other ways to get my taxes down.
Come to think of it, for the first couple years I did them myself, then had my accountant do them. Then I compared the final numbers. She was always worth way more than she costs.
Plus, the time it takes me to do them multiplied by my hourly rate is much less than she charges to do them.
Software is only good at organizing financial figures, it's not good at knowing the ins and outs of the tax laws to maximize your efforts. For example, there is a situation where one can deduct computer equipment 100% rather than having to depreciate it. No software that I know of is capable of gauging the situation.
Come to think of it, for the first couple years I did them myself, then had my accountant do them. Then I compared the final numbers. She was always worth way more than she costs.
Plus, the time it takes me to do them multiplied by my hourly rate is much less than she charges to do them.
Software is only good at organizing financial figures, it's not good at knowing the ins and outs of the tax laws to maximize your efforts. For example, there is a situation where one can deduct computer equipment 100% rather than having to depreciate it. No software that I know of is capable of gauging the situation.