How much should I allocate for end-of-the year accounting expenses?
I started a business in early January of this year. It's an LLC with a total of 3 investors (45%, 45% and 10%), two of which are actually actively involved in the business. Besides the two out of the three founders, we have no one else working for us. We expect to take a small loss or to make a small profit by the end of the year. We have a detailed Excel spreadsheet with our revenue/expenses.
Approximately how much are we going to spend on accounting fees? How much money should be allocate for accounting fees (not the actually taxes, but how much we will pay the accountant for his time)?
Much obliged gentlemen (and ladies).
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