Discussion:Help me figure out what to charge
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| Revision as of 02:57, 5 November 2009 PVCC-CCIFP (Talk | contribs) (factors to consider in determining number of construction related transactions) ← Previous diff |
Revision as of 02:57, 5 November 2009 Southparkcpa (Talk | contribs) (What are the "qu) Next diff → |
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| 3)Is there a sales tax reporting requirement? If so, does it affect all sales, or only some sales? | 3)Is there a sales tax reporting requirement? If so, does it affect all sales, or only some sales? | ||
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| + | Is he filing a schedule C, 1120S etc.... | ||
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Revision as of 02:57, 5 November 2009
Discussion Forum Index --> Business Growth Community --> Help me figure out what to charge
| 4 November 2009 | |
| Hey guys thanks for taking a look at this thread. I found a guy who runs a little skylight installation shop. It consists of him, a part time secretary, and some 1099 guys who do some of the install work. He needs some help cleaning up his quickbooks, they are a month or two behind. He also needs help with his quarterly and end of year tax filings. He is an llc.
Can you give me a rough estimate for what you would think I should charge to do this? Me and my partner have a combined 7 years of accounting and tax experience and we are both licensed CPA's. Thanks for any responses. | |
| 5 November 2009 | |
| $1,500 if I am doing it.
First, I have found--in my limited time in the business--that a month or two behind means they haven't touched anything in three months and what they touched before that is all wrong.
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PVCC-CCIFP (talk|edits) said: | 2009-11-05 |
| Here are some questions the answers of which will help in determining the quantity of transactions which might be involved. You say he is a skylight installation shop.
1)Does that mean he makes skylights and installs them? Or that he orders skylights and installs them? Or that he merely installs, as a sub, skylights provided to him by a GS? Each would have very different level of transactions, and level of complexity. While the former might mean fewer overall jobs, it might have confusion in tracing COGS issues. The middle situation probably means at least one (the windows) and potentially more (any auxillary materials, roofing, sheet rock, lumber needed to retrofit skylights to existing construction) purchases per job from anywhere from 1 to 4 vendors, and depending on his target customer, a new customer for each job. The final situation would reduce issues related to tracing materials, and limit customers to a relatively small number of repeat customers. 2)How long does each job last? days? a day? hours? a week? 1 crew might easily be completing between 5 and 10 or even as many as 15 seperate jobs per week. Multiple crews would increase the numbers of transactions significantly, and introduce issues of different record keeping habits which complicate the process of sorting and capturing the unrecorded transactions.
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Southparkcpa (talk|edits) said: | 5 November 2009 |
| What are the "quarterlies"???? 941's? 1040 ES ?
Is he filing a schedule C, 1120S etc.... | |
