I have read your recent threads regarding the issues you are dealing with in two of your parks and know that you have had your hands full lately. I wish I could offer suggestions to help solve both of your current problems, but I honestly don’t have anything to add outside of what has already been discussed. My question seems completely trivial compared to what you’re dealing with and I thank you for taking the time to respond.
I’ve been self employed for 26 years now. I believe in paying professionals to represent me when performing work that is out of my core competency. I don’t want to represent myself in a court of law and I don’t want to sit alone across the table from an IRS agent. I had the fortune of selling a rather large business about 14 years ago. The very next year I was audited by the IRS. I was very glad to have had my CPA there. He explained his position relating to the question the IRS had and we were out the door in less than thirty minutes without anything more owed. I have the same CPA today and, knock on wood, have never been audited again.
That being said, I also don’t want to overpay for these services either.
I do have two employees related to this particular property, a married couple that live on-site and maintain the property for me. It’s so minor that I do the payroll and all related payroll taxes myself. My CPA’s only involvement is by way of giving me a journal entry at the end of the year if something was off by a little bit.
My problem is that my CPA is charging me more than I think is fair. I just need to have a conversation with them regarding their fees.
Thank you so much for your input and I wish you luck with your two issues.