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Do You — or Don’t You: Do you do your own taxes?

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Do You — or Don’t You: Do you do your own taxes?

Do You — or Don’t You: Do you do your own taxes?

BY INSTORE TEAM

Do You — or Don’t You: Do you do your own taxes?

Published in the April 2012 issue

9% YES, I DO
 

Yes and no. I handle all sales tax and payroll tax deposits, my actual corporate and personal tax return is completed by a CPA firm. — Mark Goodman; Goodman Jewelers, Abingdon, VA

We do our own taxes with TurboTax assistance. — Alan Goodheart; Goodheart’s Jewelry, Overland Park, KS I have a minor in accounting from Harvard. Pretty easy to do them. — Jan Cook; Precious Gems, Bradenton, FL

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I have my own system and do taxes myself. — Pamela Hecht; Pamations, Calumet, MI

91% NO, I DON’T

CPA is the absolute only way. Anyone owning a business that does otherwise is really not seeing the forest for the trees, in my opinion. My CPA charges me under $1,000 and takes care of everything. If one of our customers tried to set their own diamond we would laugh at them. Why would we try to do our own taxes? — Mark Snyder; Snyder Jewelers, Weymouth, MA

Any time you need to go to the bank, you’d better have a CPAgenerated financial statement. — Bill Elliott; Ross Elliott Jewelers, Terre Haute, IN

We supply data to our CPA once a year and she does the paperwork. Haven’t had any problems so far. Sometimes she will remind us of deductions that we took before but forgot this time. — Mark Thomas Ruby; SunSpirit Designs, Loveland, CO

My bookeeper does the legwork and gives it to the CPA to verify and adjust. — Janet Silver; Roberts Jewelers, Jackson, TN

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I give it all to the accountant. I am clueless. — Erin McMichael Hess; Accents, Colorado Springs, CO

Taxes are too complicated to do on my own. I don’t need a visit from the IRS. Got enough problems. — Craig C. Curtis; Downtown Jewelry & Engraving Shop, Belfast, ME

I keep records on QuickBooks, but our taxes are prepared by a CPA. — Cliff Yankovich; Chimera Design, Lowell, MI I used to tackle them myself, but I think the CPA pays for himself in savings. — Steven Wardle; Forest Beach Design, Chatham, MA

 

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Wilkerson Testimonials

If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

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Do You Or Don't You?

Do You — or Don’t You: Do you do your own taxes?

Published

on

Do You — or Don’t You: Do you do your own taxes?

Do You — or Don’t You: Do you do your own taxes?

BY INSTORE TEAM

Do You — or Don’t You: Do you do your own taxes?

Published in the April 2012 issue

9% YES, I DO
 

Yes and no. I handle all sales tax and payroll tax deposits, my actual corporate and personal tax return is completed by a CPA firm. — Mark Goodman; Goodman Jewelers, Abingdon, VA

Advertisement

We do our own taxes with TurboTax assistance. — Alan Goodheart; Goodheart’s Jewelry, Overland Park, KS I have a minor in accounting from Harvard. Pretty easy to do them. — Jan Cook; Precious Gems, Bradenton, FL

I have my own system and do taxes myself. — Pamela Hecht; Pamations, Calumet, MI

91% NO, I DON’T

CPA is the absolute only way. Anyone owning a business that does otherwise is really not seeing the forest for the trees, in my opinion. My CPA charges me under $1,000 and takes care of everything. If one of our customers tried to set their own diamond we would laugh at them. Why would we try to do our own taxes? — Mark Snyder; Snyder Jewelers, Weymouth, MA

Any time you need to go to the bank, you’d better have a CPAgenerated financial statement. — Bill Elliott; Ross Elliott Jewelers, Terre Haute, IN

We supply data to our CPA once a year and she does the paperwork. Haven’t had any problems so far. Sometimes she will remind us of deductions that we took before but forgot this time. — Mark Thomas Ruby; SunSpirit Designs, Loveland, CO

Advertisement

My bookeeper does the legwork and gives it to the CPA to verify and adjust. — Janet Silver; Roberts Jewelers, Jackson, TN

I give it all to the accountant. I am clueless. — Erin McMichael Hess; Accents, Colorado Springs, CO

Taxes are too complicated to do on my own. I don’t need a visit from the IRS. Got enough problems. — Craig C. Curtis; Downtown Jewelry & Engraving Shop, Belfast, ME

I keep records on QuickBooks, but our taxes are prepared by a CPA. — Cliff Yankovich; Chimera Design, Lowell, MI I used to tackle them myself, but I think the CPA pays for himself in savings. — Steven Wardle; Forest Beach Design, Chatham, MA

 

Advertisement

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

Promoted Headlines

Most Popular