We just bought a tiny mom&pop market in Los angeles county. The market sells groceries, beer & wine and lottery. The store is about 700 sqft. We don't have any employees since it's so tiny. Should we hire a CPA to do our taxes and accounting or can we do it ourselves? Is it hard to do it ourselves? Is there a free help online or someplace so that we can do it ourselves? What should be careful about?
hire a CPA or do it myself(just purchased a business)?
Aug 04, 2007
2 Replies
At the minimum you should initially consult with an experienced CPA that has other retail clients. Even if you decide to do it yourself with Quickbooks or Peachtree having the books set up correctly from the start will minimize future problems (and will save you taxes!)
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