The Electrical Contractor Network

ECN Electrical Forum
Discussion Forums for Electricians, Inspectors and Related Professionals

Books, Tools and Test Equipment for Electrical and Construction Trades

Register Now!

Register Now!

We want your input!


2017 NEC and Related
2017 NEC
Now Available!

Recent Posts
International Wire Colour Codes
by Tjia1981
Yesterday at 09:09 PM
Son of Sparky
by HotLine1
10/20/16 07:43 PM
Speaking of Plugmold ...
by gfretwell
10/17/16 02:37 PM
Broken battery charger? Check for cobwebs!
by gfretwell
10/17/16 02:30 PM
230 or 345 kV transmission lines?
by annemarie1
10/12/16 01:23 PM
New in the Gallery:
12.5A through 0.75mm˛ flex (just out of curiosity)
Shout Box

Top Posters (30 Days)
gfretwell 11
renosteinke 6
HotLine1 6
ghost307 5
Potseal 4
Who's Online
1 registered (Texas_Ranger), 166 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Topic Options
Rate This Topic
#16014 - 11/05/02 03:21 AM Biz Accountants
sparky Offline

Registered: 10/18/00
Posts: 5545
What do you do for your biz account/taxes?

I've had a few accountants so far, it seems the more i pay them, the more little 'tricks' pop up.

I make no claim as to understanding tax law, all i know is i'm in yr 5 and no 'men-in-black' have taken an interest in me...

(small change that i am)

Are there certian standards/practices/key wordage & or elements that you use or are aware of?

I ask because i'd hate to be told 10 yrs into a biz of something i wished i knew right up front.

Work Gear for Electricians and the Trades

Work Gear for Electricians and the Trades
Work Gear for Electricians and the Trades
Arc Flash Clothing, Gloves, KneePads, Tool Belts, Pouches, Tool Carriers, etc. etc....

#16015 - 11/05/02 07:24 AM Re: Biz Accountants
sparky66wv Offline

Registered: 11/17/00
Posts: 2334
Loc: West Virginia
I've learned that by the time you give an accountant the information they need, presented in a nice manner, that you've done 95% of the work for them, and all they're gonna do is fill out a few forms (which are available online) and charge $200 or more for it.

I guess if my biz ever became profitable then my attitude towards them could change.

-Virgil Kelly
Kelly Electric - (a non-profit organization)


#16016 - 11/05/02 12:49 PM Re: Biz Accountants
Pearlfish Offline

Registered: 09/12/02
Posts: 83
Loc: Chicago Ridge, Il, USA
Virgil, Have you thought about putting your wife in charge? Then you can be a minority owned, non-profit organization.

#16017 - 11/05/02 12:52 PM Re: Biz Accountants
HotLine1 Offline


Registered: 04/03/02
Posts: 6791
Loc: Brick, NJ USA
I have an accountant for at least 12 years. See him twice a year. Run the business with Quickbooks. (Excel spreadsheets also). Get him the things he requests at years end. He keeps me (us) straight; don't need the "men in black". PS: He is an ex IRS guy.

#16018 - 11/05/02 01:59 PM Re: Biz Accountants
pauluk Offline

Registered: 08/11/01
Posts: 7693
Loc: Norfolk, England
I always do all of my own accounts, tax returns etc. I see no fun in paying somebody else exorbitant sums of money for doing something I can work out myself.

By the way Sparky, just why would Johnny Cash be chasing after you?

#16019 - 11/05/02 05:04 PM Re: Biz Accountants
CanadianSparky Offline

Registered: 03/05/01
Posts: 86
Loc: Alberta Canada
This is perfect timing, Nov.1 our Accountant actually bought our company. Now if that isn't a sign that business is good I don't know what is.

#16020 - 11/07/02 03:41 AM Re: Biz Accountants
sparky Offline

Registered: 10/18/00
Posts: 5545
nope, no need to sing Folsum county jail yet


ECN Electrical Forums - sponsored by Electrical Contractor Network - Electrical and Code Related Discussion for Electrical Contractors, Electricians, Inspectors, Instructors, Engineers and other related Professionals