Do i need to hire an Accountant or a Bookkeeper?

[W.Axl Rose]

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Guys, I'm planning to practice my profession as a Real Estate Broker. I'm asking advice from thus who have started their own business or their profession, My question is do i have to hire or outsource an accountant or a bookkeepper for my business? Or I will do it myself filing the tax return and etc............. I'm just starting, I know it is pricy to hire them. I would like to hear your advice and thoughts on this matter.

[RonIvs]

I would suggest hire a bookkeeper. Mag retainers fee lang ka, it will range between Php 1,000 to Php 2,500 pero depende. Dako sila ug tabang kay sila na mo setup sa imong transactions sa bir. That way, ma free up imo time para sa imo clients or sa pamilya or mga extra curricular nimo instead of going to bir personally every month. Igo lang ka mu bayad sa mga fees ug tax. Pero depende pud if makakuha kag tarong na bookkeeper kay naa man yabag nga dili mo remit sa kwarta. Always ask for receipts jud. With regard sa accountant, di man kaayo ko swito gud sa real estate or brokerage business kay retail man ko. But i think consult2 lang sa siguro. Mahal man if mag hire jud ka ug accountant sa imong kompanya though asset na. Pero sa start a lang, i think ok ra wala. Basta para nako, kuha lang ug tarong ug maayo nga bookkeeper, ok na ka. Total bitaw ang mga bookkeeper daghan na sila mga kaila nga accountants pud na if magkinahanglan ka ug access sa mga cpa's, makatabang pud na nimo. I hope that helps.

[diablo85]

try process it urself para kabalo kung sayon ra ba or dili...maassess na nimo kung kinahanglan ba mohire or dili...
den makaidea pod ka pila tanan gasto kung naa ka ipaprocess...so naa naka estimate pila ang bayad kung maghire...

[The_Stoic]

bookkeeper usa, ayaw nang accountants kay mahal amo rates,hehe joke. basta tarong nga bookkeeper, pangayo-a gyud permi ang resibo sa banko as proof sa imong gibayad. dili na maihap ang giilad sa mga fly-by-night nga bookkeepers.

[jackdi]

Guys, I'm planning to practice my profession as a Real Estate Broker. I'm asking advice from thus who have started their own business or their profession, My question is do i have to hire or outsource an accountant or a bookkeepper for my business? Or I will do it myself filing the tax return and etc............. I'm just starting, I know it is pricy to hire them. I would like to hear your advice and thoughts on this matter.

Mura ra man ka ana'g self-employed Sir. You dont really need the bookeeper.
As far as i know, you can just declare your income at the end of the taxable year.
Be sure lang to document your income and expenses and file them properly.

[The_Stoic]

Mura ra man ka ana'g self-employed Sir. You dont really need the bookeeper.
As far as i know, you can just declare your income at the end of the taxable year.
Be sure lang to document your income and expenses and file them properly.

Naa napud tay monthly and quarterly filing bro, mao nay sayop sa ubang broker, by the time, they plan to retire/close their registration with the BIR, bam...naglaray ang open cases (unfiled and unpaid BIR returns), meaning, nag accumulate ang penalties. Tinuod, dili kinahanglang ang bookkeeper kay simple ra man ang transactions basta naay makatudlo nimo sa sakto.

[criscel]

Mas maayo cguro at first hire ka ug bookeeper to insure all things are taken cared of.
During the time nga naa nkaBookeeper, try to observe and learn what they are doing
if kamao nka then kaw nlng timbang2x kung kaya rba nimo kung ikaw ra or mas maayo naa
si bookeeper. yaw praktisi nga ikaw ra kay naay penalties kung naa kay ma-missed.

[jackdi]

Naa napud tay monthly and quarterly filing bro, mao nay sayop sa ubang broker, by the time, they plan to retire/close their registration with the BIR, bam...naglaray ang open cases (unfiled and unpaid BIR returns), meaning, nag accumulate ang penalties. Tinuod, dili kinahanglang ang bookkeeper kay simple ra man ang transactions basta naay makatudlo nimo sa sakto.

I stand corrected. Tnx Boss.
For real estate brokers, paminaw mo ani ay.