Hi all,
I had a tax guy who we used because he was family, although he seemed to do a really great job. However, he recently retired for health reasons and left the business. I'm debating finding another tax person or just using turbo tax. I used turbo tax when taxes were very straightforward (1040EZ, standard deduction, employee only) but things are now a bit more complicated.
Specifically:
two member LLC
Doing business in multiple states, have offices in different states
no employees, but have made payments to ~5 sub contractors who we'll need to send 1099s to
Also some sole proprietorship freelance income from before we formed the business
Regular "employee" income from before we did all the above
I'm strongly tempted to use turbo tax and then check everything after, but I've also heard a lot of criticism of turbo tax from various tax experts. This might just be bias, or it might be a valid issue that could end up costing $$ in unnecessary taxes.
How have people's experiences with TurboTax for business been? Has anyone gone from turbo tax to a CPA and saved a lot of money? If so, were there specific areas to be aware of?
I figure it will be a fairly involved process regardless, but I had a pleasant experience with turbo tax in the past and would be happy to use it again unless I'm seriously costing myself money by doing so.