Answer by Jason Knott: I am a small business owner. Is it okay if I have the same person who does my annual tax return also do my bookkeeping? Is this a good idea?

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I am a small business owner. Is it okay if I have the same person who does my annual tax return also do my bookkeeping? Is this a good idea?

she has been doing my taxes for a few years now and we are very happy. Would it be okay if she also did my monthly bookkeeping? I just don't know if I should have one person do my annual tax person, and another person do my monthly bookkeeping?. Thank you

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Jason Knott International Tax Attorney and U.S. CPA

I don't think there is anything wrong with having the same individual prepare your tax return and perform regular bookkeeping services. Most CPA firms and outsourced accounting practices will perform both functions. The key issue is to just make sure that the individual is competent and experienced in both areas and you should be fine.

Answered 4 years ago