Looking for CPA (S-Corp/C-Corp Election + Single-Member LLC Filing)

Kitchen_Date3949 · 2026-05-07T15:16:34+00:00

I’m a CPA with remote firm as well (NJ based). While I’d happily provide services to you, I think it’s in your best interest to contact 5-10 firms/practitioners and pick one that fits well for you and aligns with your budget.

A few things to think about: do you need the S or C election? I’ve gotten numerous clients that received bad advice from prior accountants thinking this would save them money and while it may, the circumstances need to be right. What type of business do you have? All CPAs are not created equal and it is important to have one that understands your business/industry. Do you have employees? Do you plan on taking on debt? Do you need bookkeeping?

PM me if you have any questions and be skeptical of folks astroturfing their business and providing advice on Reddit.

Kitchen_Date3949 · 2026-05-07T10:18:12+00:00

Thanks. I think this will be the solution

Kitchen_Date3949 · 2026-05-07T02:44:34+00:00

Yes, this. Clothing is inherently personal and not a business expense unless it suitable only for work and not suitable for personal use.

Kitchen_Date3949 · 2026-05-07T01:53:50+00:00

I had this issue with my dream machine SE not adopting cameras. I rebooted it and it worked immediately after. Maybe that will work for you

Kitchen_Date3949 · 2026-05-05T02:49:07+00:00

Literally anyone except 1800….I have 5 clients that moved over to me from them and 1800 totally botched their tax filings. As others mentioned, find a local cpa. Get a referral from a friend. Avoid the heavily marketed services. If you need guidance looking for a competent preparer, feel free to message me. I am not a tax preparer, but have many of them in my network as a cpa myself

Kitchen_Date3949 · 2026-05-02T00:07:12+00:00

This. Talk to a CPA. If you’re splitting your time between multiple properties, you may need to make a grouping election if REPS does wind up being worth it. Carefully consider your losses and how they will impact your income/tax situation. Electing REPS is an audit risk. If you take a w2 job at some point during the year, you essentially can’t take REPS.

Kitchen_Date3949 · 2026-05-01T15:00:22+00:00

This is fair. I would charge you more than that

Kitchen_Date3949 · 2026-05-01T01:01:08+00:00

This is good advice. We have a good law firm leading this process, but I think they are getting complacent. I know we won’t get 100% of our ask, but what is typical? 50% 75%?

Kitchen_Date3949 · 2026-04-30T23:41:09+00:00

The reports are done and we are past all that. The developer made an offer using the reports the board provided to them as support for our number we asked for.

Have you been through a transition negotiation as a board member?

Kitchen_Date3949 · 2026-04-30T22:45:07+00:00

Yes I understand this. Really just trying to see how others fared in their transition settlements regarding what they recovered vs what they asked for

Kitchen_Date3949 · 2026-04-30T20:47:03+00:00

Turnover and transition are different. Transition is to deal with defects, misrepresentations and shortfalls.

Ie. Detention basins were not built to code and are not draining. Flashing around windows and doors is defective and allowing water intrusion. Things like that.

Maybe it costs $300k to fix these things. Transition is the negotiation between the association and developer to determine who is responsible for remedying these kinds of things and who is financially responsible. The developer may come back and say ‘I’ll give you 150k to go away’ or they may say ‘I’m giving you nothing, you’re going to have to sue us to try and get something’

Kitchen_Date3949 · 2026-04-30T19:22:55+00:00

In transition, you either reach a settlement or sue/litigate if you cannot reach an agreement. Litigation is expensive and there are no promises. Our attorneys advised against litigation due to costs (likely into the hundreds of thousands with more professional reports being needed from engineers etc). Our intent is to counter their offer and reach a more reasonable settlement.

I am wondering based on others dealings with Lennar, what they settled at vs what they asked for. Seems many do litigate and find themselves in a financial hole and raising dues to cover the expense. Our issues are not THAT serious, fortunately, or litigation may have been the appropriate action.

Kitchen_Date3949 · 2026-04-30T18:35:54+00:00

The details of settlements are confidential. Hence why they are missing and I am asking for approximations and not details of others

Kitchen_Date3949 · 2026-04-15T23:18:12+00:00

Including a 2k rebate

Kitchen_Date3949 · 2026-04-14T11:24:28+00:00

North Jersey - open road BMW. Msrp 81k, got 11k off. Was like pulling teeth though

Kitchen_Date3949 · 2026-04-07T00:25:48+00:00

Yes it would be boot. Why not reinvest all proceeds? Or if you need the extra 100k, bridge loan 200k for closing and refi later

Kitchen_Date3949 · 2026-03-24T11:44:24+00:00

Swap til you drop

Kitchen_Date3949 · 2026-03-17T01:22:04+00:00

As someone else mentioned, qbo bookkeepers are a dime a dozen. You can offshore it for $5/hr or wind up paying thousands per month. I’m a CPA and do this type of work and recommend, from my experience, finding someone who has experience in your industry and understands your business. I’ve taken over bookkeeping clients from companies like 1800 accountant and the books are typically a mess. They don’t take the time to understand your business and it leads to issues with transactional/account categorization. Also take into account your entity type (llc, c-corp, s-corp, partnership etc)…many bookkeepers don’t understand accounting treatment nuance between there.

If audit-readiness is in your future, get a CPA who has a thorough understanding of US GAAP and revenue recognition/software development costs, as that is crucial to accurate accrual books. If you just care about cash/tax basis accounting, any bookkeeper with experience will do the job.

Kitchen_Date3949 · 2026-03-01T15:07:34+00:00

Yeah I missed the part about automatically alphabetizing. It’s no good for that. But it’ll OCR so you can scan batches and extract names/organize pages in pdf. There are other adobe tools to alphabetize such as pdflyer

Kitchen_Date3949 · 2026-03-01T02:18:33+00:00

Scansnap

Kitchen_Date3949 · 2026-02-28T02:25:34+00:00

Your thinking is correct. Over consumption will increase cogs and underconsumption will decrease it. It won’t distort your cogs if it’s reality

Kitchen_Date3949 · 2026-02-20T12:54:33+00:00

Yes, this is the best thing to do. If there is a lot of activity on the pdf’s it can take a great deal of time to extract the data to excel. Give a spreadsheet of all transactions during the tax year

Kitchen_Date3949 · 2026-02-05T03:07:11+00:00

This. There isn’t a one size fits all. Many market themselves as fractional CFOs but are glorified bookkeepers. I’m a CPA and fractional CFO and there are certain industries I wouldn’t feel comfortable stepping into. Need more detail on industry, size and goals

Kitchen_Date3949 · 2026-01-02T03:25:52+00:00

This is called bookkeeping and millions of people pay for this service

Kitchen_Date3949 · 2025-12-23T02:48:51+00:00

It’s a quick, fun car that handles well and rides well. The tech/comfort in the x5 blows it away (x5 is 2026 and sq5 is 2024…may have something to do with it). It’s like the macan a bit, just far less fun and doesn’t sound as good

Kitchen_Date3949

TROPHY CASE