S Corp. and personal tax accountant needed

[MFinn]

I moved from Ohio last year and have an S Corp that I have transferred to Florida. I am looking for an accountant that can prepare 2022 taxes, corporate and personal, (extension received) Ideally I would like this to be a long term professional relationship. Many thanks.

[Stu from NYC]

We moved here from Va in 2020 and found it easy to continue working with our CPA there and still doing so.

[MFinn]

We moved here from Va in 2020 and found it easy to continue working with our CPA there and still doing so.

Thank you Stu, I wish I were able to do so. My past accountant retired, and his replacement - a senior partner in the recently purchased firm, botched the next two years of returns. I really need someone new in Florida.

[retiredguy123]

Thank you Stu, I wish I were able to do so. My past accountant retired, and his replacement - a senior partner in the recently purchased firm, botched the next two years of returns. I really need someone new in Florida.
Many years ago, I hired a CPA when I first started a business. What a mistake and a waste of money! He charged too much, added no value to the business, and botched the tax returns. Since then, I do everything myself, and use TurboTax to prepare my tax returns. An S corporation is no big deal. You may want to try doing it yourself.

[CoachKandSportsguy]

I just don't understand how a "quality" cap can botch a small corp tax return. . I know several and they are very very good, and some of them will also validate fraudulent documents if asked with a big enough account . .

[Babubhat]

Find a a CPA that has at least a masters degree in taxation. It matters.

[Stu from NYC]

I just don't understand how a "quality" cap can botch a small corp tax return. . I know several and they are very very good, and some of them will also validate fraudulent documents if asked with a big enough account . .

Taxes should be pretty straight forward but changes are made year to year and I would rather pay our cpa than keep up with it.

Find it funny that CPA's are either auditors or tax accountants and both sides hate the other. Our daughter is a CPA and hates taxes but started doing her own when their kids outgrew their nanny and handling taxes got simplified.

[CoachKandSportsguy]

Taxes should be pretty straight forward but changes are made year to year and I would rather pay our cpa than keep up with it.

Find it funny that CPA's are either auditors or tax accountants and both sides hate the other. Our daughter is a CPA and hates taxes but started doing her own when their kids outgrew their nanny and handling taxes got simplified.

Tax and tax law is a specialty, auditors are just box checkers, they know how all the account boxes work together. Corporate tax is a bit different than individual tax specialties, and the specialty knows how to minimize taxes within the huge set of exception rules.

remember that tax accountants are just paperwork completers and cost minimization experts with the use of tax exceptions. .

and nobody picked upon the CPA firm I know who would agree to representing fraudulent paperwork?

[retiredguy123]

Tax and tax law is a specialty, auditors are just box checkers, they know how all the account boxes work together. Corporate tax is a bit different than individual tax specialties, and the specialty knows how to minimize taxes within the huge set of exception rules.

remember that tax accountants are just paperwork completers and cost minimization experts with the use of tax exceptions. .

and nobody picked upon the CPA firm I know who would agree to representing fraudulent paperwork?
I picked up on it, but I would not be interested in preparing fraudulent documents. I think most CPAs know their stuff, but I think some of them rely too much on non-professionals that they hire to do most of the work on smaller accounts. If you hire a CPA, I would suggest that you ask them questions about the product they produce for you to ensure that they actually participated in producing it.

[Stu from NYC]

Tax and tax law is a specialty, auditors are just box checkers, they know how all the account boxes work together. Corporate tax is a bit different than individual tax specialties, and the specialty knows how to minimize taxes within the huge set of exception rules.

remember that tax accountants are just paperwork completers and cost minimization experts with the use of tax exceptions. .

and nobody picked upon the CPA firm I know who would agree to representing fraudulent paperwork?

Better not tell my daughter that she is just a box checker.

[MFinn]

Many years ago, I hired a CPA when I first started a business. What a mistake and a waste of money! He charged too much, added no value to the business, and botched the tax returns. Since then, I do everything myself, and use TurboTax to prepare my tax returns. An S corporation is no big deal. You may want to try doing it yourself.

I appreciate that, and I tried, but but it’s too complicated.

[JGVillages]

I moved from Ohio last year and have an S Corp that I have transferred to Florida. I am looking for an accountant that can prepare 2022 taxes, corporate and personal, (extension received) Ideally I would like this to be a long term professional relationship. Many thanks.

So far I haven’t seen any local CPA recommendations so here is one I use. Mark Murphy CPA / 407-670-4289 /memurphycpa@gmail.com.

[MFinn]

I just don't understand how a "quality" cap can botch a small corp tax return. . I know several and they are very very good, and some of them will also validate fraudulent documents if asked with a big enough account . .

One would think, given the amount of money I paid, that he would not botch it, but he did. Two years in a row. If you have several very very good people, please share and I would be happy to reach out to them. I am not interested in fraudsters.

[MFinn]

So far I haven’t seen any local CPA recommendations so here is one I use. Mark Murphy CPA / 407-670-4289 /memurphycpa@gmail.com.

Thank you, I sent Mark Murphy an email earlier but have not yet heard back. I will call on Monday if I do not hear back. Best regards.

[Badger 2006]

Best to text him

[MFinn]

Best to text him

Will do, thanks Badger.

[jimbo2012]

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[TStVillages]

Gwynne Lewis, CPA, LLC
P.O. Box 2470
Belleview, FL 34421
352.877.4186 phone
352.600.0544 fax

[jmpalladino]

Tax and tax law is a specialty, auditors are just box checkers, they know how all the account boxes work together. Corporate tax is a bit different than individual tax specialties, and the specialty knows how to minimize taxes within the huge set of exception rules.



remember that tax accountants are just paperwork completers and cost minimization experts with the use of tax exceptions. .

and nobody picked upon the CPA firm I know who would agree to representing fraudulent paperwork?

This reply makes no sense. What are you trying to say? Maybe just stick to sports when responding.

[Judy n Ron]

I moved from Ohio last year and have an S Corp that I have transferred to Florida. I am looking for an accountant that can prepare 2022 taxes, corporate and personal, (extension received) Ideally I would like this to be a long term professional relationship. Many thanks.

We recommend Swart, Baumruk located in Kissimmee FL. They did our personal and corporate taxes for over 20 years. Can do everything remotely. Top notch.

[MFinn]

Gwynne Lewis, CPA, LLC
P.O. Box 2470
Belleview, FL 34421
352.877.4186 phone
352.600.0544 fax

Thank you very much!

[MFinn]

We recommend Swart, Baumruk located in Kissimmee FL. They did our personal and corporate taxes for over 20 years. Can do everything remotely. Top notch.

Thank you very much Judy n Ron!

[Sgt Ed]

I moved from Ohio last year and have an S Corp that I have transferred to Florida. I am looking for an accountant that can prepare 2022 taxes, corporate and personal, (extension received) Ideally I would like this to be a long term professional relationship. Many thanks. If you have a Corp. You are REQUIRED to have a CPA. An accountant is not an Officer of the Court.

[dewilson58]

If you have a Corp. You are REQUIRED to have a CPA. An accountant is not an Officer of the Court.

Fake News.

Not REQUIRED.

:oops:

[jwwbmw]

We used Cheryl Pelott from Dugan & Joyner Associates in Ocala. We were pleased. We also have an LLC and moved from another state. We got her name from another person with similar situation as ours.

[CoachKandSportsguy]

This reply makes no sense. What are you trying to say? Maybe just stick to sports when responding.

you must be new here. .

[Stu from NYC]

If you have a Corp. You are REQUIRED to have a CPA. An accountant is not an Officer of the Court.

Where in the world did you get that idea from?

[Haggar]

Tax and tax law is a specialty, auditors are just box checkers, they know how all the account boxes work together. Corporate tax is a bit different than individual tax specialties, and the specialty knows how to minimize taxes within the huge set of exception rules.

remember that tax accountants are just paperwork completers and cost minimization experts with the use of tax exceptions. .

and nobody picked upon the CPA firm I know who would agree to representing fraudulent paperwork?

I'm a CPA specializing in small businesses.
You commented that most tax preparers are just paperwork completers. Probably true of H & R Blocks preparers and similar firms. BUT a good tax preparer knows the rules and regulations and laws that can benefit S Corp owners. The IRS is constantly updating their regs and interpretations of the laws. Seen too many returns self-prepared that are incomplete or leave off valuable tax deductions. And it goes beyond just the income tax law - recently in reviewing the "sales tax paid" by a client discovered he was paying too much sales tax by $1,000. Like they say you get what you pay for and paying a qualified and knowledgable tax preparer may save you money.

Medical insurance, home office expenses, pension plans (simple, SEP, IRA, 401 (k)) , mileage, etc - does the average self-preparer have any idea of all the deductions available?

[retiredguy123]

I'm a CPA specializing in small businesses.
You commented that most tax preparers are just paperwork completers. Probably true of H & R Blocks preparers and similar firms. BUT a good tax preparer knows the rules and regulations and laws that can benefit S Corp owners. The IRS is constantly updating their regs and interpretations of the laws. Seen too many returns self-prepared that are incomplete or leave off valuable tax deductions. And it goes beyond just the income tax law - recently in reviewing the "sales tax paid" by a client discovered he was paying too much sales tax by $1,000. Like they say you get what you pay for and paying a qualified and knowledgable tax preparer may save you money.

Medical insurance, home office expenses, pension plans (simple, SEP, IRA, 401 (k)) , mileage, etc - does the average self-preparer have any idea of all the deductions available?
Just a question. You didn't mention anything about TurboTax. I owned small businesses for many years and always depended on TurboTax to keep up with the new tax laws and to guide me through the legal deductions. Don't most CPAs use tax software when they prepare a tax return?

[retiredguy123]

If you have a Corp. You are REQUIRED to have a CPA. An accountant is not an Officer of the Court.
I operated a Type C corporation for years and prepared my own taxes and state documents. I would also point out that a CPA is a certification, not a license. You don't even need a college degree to be a CPA.

[CoachKandSportsguy]

I'm a CPA specializing in small businesses.
You commented that most tax preparers are just paperwork completers. Probably true of H & R Blocks preparers and similar firms. BUT a good tax preparer knows the rules and regulations and laws that can benefit S Corp owners. The IRS is constantly updating their regs and interpretations of the laws. Seen too many returns self-prepared that are incomplete or leave off valuable tax deductions. And it goes beyond just the income tax law - recently in reviewing the "sales tax paid" by a client discovered he was paying too much sales tax by $1,000. Like they say you get what you pay for and paying a qualified and knowledgable tax preparer may save you money.

Medical insurance, home office expenses, pension plans (simple, SEP, IRA, 401 (k)) , mileage, etc - does the average self-preparer have any idea of all the deductions available?


Haggar:

Thanks for your background!

So you will join Stu and I for dinner and theoretic discussions about stock buybacks?

so my personal distain for accountants is not for you to take personally, but for the difference between accounting and finance skillsets and impacts, which have completely different viewpoints on I/S, B/S and C/F statements, and the difference between what accountants do and what finance/financial planning/investment planning does. . . IYKYK

Please keep in mind my background:
Finance, corporate finance, m&a finance, international finance, (20 currencies at once) investments, operational finance, marketing finance with pricing models, IT database / datamart / database design for corporate finance reporting and basis for, data analytics for finance, model builder, corporate forecast model builder in several applications for many parts of corporate finance in many industries and accounting systems, current system accounts in GAAP, IFRS and FERC, most complex activity based costing system in the US as related by E&Y or one of the big firms. . and 40 years part time day trader in stocks and options. . .

so my personal distain for accountants is not for you to take personally, but for the difference between accounting limitations and finance skillsets and impacts, which have completely different viewpoints on I/S, B/S and C/F statements, and the difference between what accountants do and what finance/investments/ and finance does. . .

peace

[dewilson58]

I operated a Type C corporation for years and prepared my own taxes and state documents. I would also point out that a CPA is a certification, not a license. You don't even need a college degree to be a CPA.

To practice in Florida, hold yourself out as..............don't you need a license???

Would love to see the non-degree CPA...........can't be many of them. :crap2:

[dewilson58]

Haggar:

peace

Can kinda c Haggar's concern about your public disdain (I think the word u r looking for).

Since the tread is about tax return prep, nothing to do with what you listed as your background (too long & wordy to list)...........seems Haggar's background is more suited.

:beer3:

[Haggar]

Just a question. You didn't mention anything about TurboTax. I owned small businesses for many years and always depended on TurboTax to keep up with the new tax laws and to guide me through the legal deductions. Don't most CPAs use tax software when they prepare a tax return?

Can't speak for all CPA's but yes - the professional tax preparers all use tax software. The tax law - just the tax law - is over 40,000 pages. The complexity of all returns has made it necessary to use tax software because of all the interlocking calculations.

And yes - Turbo Tax is good at guiding you through the legal deductions. But the software - as an example - can't guide an owner of a s corp to get a home office deduction if it qualifies.
On Schedule C it's relatively easy to claim a home office deduction - but the S corp rules require a specific procedure to to be able to get a deduction (again if you qualify) and if you want to take the time.

Turbo tax doesn't go into the pension plan options - you can still contribute to some pension plans after 65, after you draw down on other plans and options.

[retiredguy123]

To practice in Florida, hold yourself out as..............don't you need a license???

Would love to see the non-degree CPA...........can't be many of them. :crap2:
You are correct. My bad. Apparently, you do need a Florida license to call yourself a CPA in Florida.

[dewilson58]

You are correct. My bad. Apparently, you do need a Florida license to call yourself a CPA in Florida.

No biggie.
At one time, I think there was an additional exam CPA's had to pass prior to putting a shingle out in Florida because there were too many old, non-current, CPA's retiring down here. Not sure if that was fact or fiction..........but probably a good idea.

:wave:

[MFinn]

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Thank you Jimbo2012!

[MFinn]

Gwynne Lewis, CPA, LLC
P.O. Box 2470
Belleview, FL 34421
352.877.4186 phone
352.600.0544 fax

Thank you TStVillages!

[Crateman]

I have used a company called Wells Business Solutions LLC. Very knowledgeable people, and reasonable priced. You can do the quarter things if you like, and they will fill in the rest. They will do business taxes, and personal taxes.
Wells Business Solutions LLC
217 N Apopa Ave.
Inverness, FL 34450
352 423-4290

[MFinn]

We used Cheryl Pelott from Dugan & Joyner Associates in Ocala. We were pleased. We also have an LLC and moved from another state. We got her name from another person with similar situation as ours.

Thank you jwwbmw!

[MFinn]

I have used a company called Wells Business Solutions LLC. Very knowledgeable people, and reasonable priced. You can do the quarter things if you like, and they will fill in the rest. They will do business taxes, and personal taxes.
Wells Business Solutions LLC
217 N Apopa Ave.
Inverness, FL 34450
352 423-4290

Thank you Crateman!

[Stu from NYC]

Thanks for your background!

So you will join Stu and I for dinner and theoretic discussions about stock buybacks?



peace

Hi.

Have you moved here yet?

[jmpalladino]

I operated a Type C corporation for years and prepared my own taxes and state documents. I would also point out that a CPA is a certification, not a license. You don't even need a college degree to be a CPA.

A CPA is Licensed by the States and with some very old exceptions, one requires a degree, and most States require 5 years of College today. While a CPA is not an officer of the court, he/she may represent a client before the IRS. An Enrolled Agent (with the IRS) does not require a college degree but must pass tests to practice before the IRS. A lot of misinformation on this thread.

[retiredguy123]

A CPA is Licensed by the States and with some very old exceptions, one requires a degree, and most States require 5 years of College today. While a CPA is not an officer of the court, he/she may represent a client before the IRS. An Enrolled Agent (with the IRS) does not require a college degree but must pass tests to practice before the IRS. A lot of misinformation on this thread.
Thanks. One question. I cannot find anything on the Florida website that requires a CPA to have a college degree. There are education requirements, but not specifically a degree requirement. Am I missing something?

[richinfl]

For more than a decade I have used Bill O'Brian, Hartman and O'Brian. He is local (Lady Lake) and has always done an excellent job. We have two companies as well as our personal tax returns and he has always been more than sufficient. Phone number is 352-750-6326.

[MFinn]

For more than a decade I have used Bill O'Brian, Hartman and O'Brian. He is local (Lady Lake) and has always done an excellent job. We have two companies as well as our personal tax returns and he has always been more than sufficient. Phone number is 352-750-6326.

Thank you richinfl!

[Haggar]

Thanks. One question. I cannot find anything on the Florida website that requires a CPA to have a college degree. There are education requirements, but not specifically a degree requirement. Am I missing something?

Florida requires a five year degree. Being an old timer coming from NY I was required to have a four year degree in accounting and work for a cpa firm for three years,

The five year degree has no work requirement. So a Florida CPA can practice without having done an audit or a tax return.

With the major shortage of accountants many states are considering going back to a four year degree and requiring 1 year with a CPA.

[CoachKandSportsguy]

Want a great job? a forensic accountant CPA is in great demand as an independent accounting investigator . .
a FL CPA friend would be excellent, except he is afraid to put out his own shingle, as well as he is very financially
set not having kids. . .

[dewilson58]

Being an old timer coming from NY I was required to have a four year degree in accounting and work for a cpa firm for three years,

.

& no calculator during the exam........has that changed???

[spinner1001]

& no calculator during the exam........has that changed???

Yes, changed. Calculator and Excel now allowed.

Also, allowed to take one part at a time at a testing center virtually year around.

[spinner1001]

Thanks. One question. I cannot find anything on the Florida website that requires a CPA to have a college degree. There are education requirements, but not specifically a degree requirement. Am I missing something?

Florida : ThisWayToCPA : AICPA (https://www.thiswaytocpa.com/licensure/state-requirements/FL/)

[HarleyDoc]

Crippen is fantastic. Three locations and great pricing. Ask for Brenda Ford.

[MFinn]

I have found a service, thank you all!

[dewilson58]

Yes, changed. Calculator and Excel now allowed.

Also, allowed to take one part at a time at a testing center virtually year around.

Piece of Cake now.

:1rotfl::1rotfl::1rotfl:

[dsnrbec]

Thanks. One question. I cannot find anything on the Florida website that requires a CPA to have a college degree. There are education requirements, but not specifically a degree requirement. Am I missing something?
My husband is a practicing CPA in business for over 40 years. A college degree is definitely a requirement to sit for the CPA exam. When he sat for it the requirement was a 4 yr degree. Now a 5th year is required.

[dsnrbec]

Robert L Barber, CPA
(540) 529-1028

Licensed in Florida, Village resident, over 50 yrs experience in individual and corporate income tax return prep and tax planning. He does all the work himself and will meet you in your home if desired.