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Investors & landlords
Do you know of any resources where I can find an accountant with knowledge of how to manage PR?
The only reasource I'm aware of for your situation is https://traveltax.com/small-business-and-normal-non-travelers/ with there home age at traveltax.com. I have no opinion on this company and am not personally aware of anyone who uses them. Just one I've heard about from a friend, who heard it from a friend, who heard it from a friend, who heard it........ You get the picture.
I was looking into turbo tax or quickbooks to work with the record keeping side. My friend recommended quickbooks. would you agree?
I've been using QB since I started my own SCH C business over 15 years ago. Works great for me. If at tax time if you and your accountant/tax preparer are using the same version *AND* you have properly classified everything in the QB program, it really helps streamline the tax prep process. For me, I can just import my business data straight out of QB and into TTX each year. Then I review it and "always" have to make a few changes/corrections. But still, it saves me an emmense amount of time in the book keeping arena throughout the year when it comes to taxes.
Now I myself use the desktop version of QB 2019 that I installed on my Windows 10 computer. (Available for MACs too.) I have friends who use the online version and they love it. However, from what I see the online version just doesn't have nearly as much flexibility and versatility as the desktop version I use. I also see the desktop version as more user-friendly. My friend who uses the online version thinks it's the best thing since sliced bread. But I attribute that to the fac they've never used the desktop version and therefore have nothing to really compare the online version with.
So I may be biased when I recommend the desktop version. But hey, that's my two cents. 🙂
Both versions have their pros and cons. For me, the desktop version has less "cons" for my specific needs, than the online version does. But depending on your specific needs (such as dealing with what is essentially "foreign" income in a sense) I don't know which would be better for you. But if you're asking my two cents on that, I would suggest that you deal with the desktop version "first" if you're wanting to try both.