@ajthecpa1226@LoganGrafTax It is so fun to hear a client tell you and your staff that it is just a plug, play and compute. It should be just a few hours to data entry the return..
Heh #taxtwitter if I wanted to use a tax planning software what would you recommend for a solopreneur beyond a self developed fancy spreadsheet. I have tried taxplan iq and Bloomberg tip and they arenโt quite what I am looking for. Any recommendations? Lacerte tax planner? Tia
@adammarkowitzEA Your work is more interesting too when you get to know your clients and the stuff they do. It becomes more than a tax return and a bunch of numbers on a page.
@FortWayneCPA@HotTakesbyLuca To boot, states rely on our reported federal Income to calculate state income tax (if state has one). Changing to a national sales tax is a huge impact to states too. #badidea
@FortWayneCPA@HotTakesbyLuca A national sales tax is a bad idea. It is a regressive tax that hurts middle income and the poor. Imagine the special interests behind current tax law and how they will fight against it. We will also have even less incentive than we have now to give to charity. #badidea
@FortWayneCPA 9. What is the correct tech? There is so much out there that is new and it is hard to know what is the right tech to adopt. Our perfection propensity makes it more difficult because we donโt want to pick the next new thing only to find, like Bench, it wonโt be here for long.
@FortWayneCPA 9 Bench seems to be a poorly run company. CEO left in November. Bench shuts down 12/23 and is magically acquired by https://t.co/jXvVzMFWfs? Bench is a good example of how the value of an audit is obvious but never taken up on because it is seen as a check to box item.
@FortWayneCPA #3 I imagine more people will go off to start their own firm as a knee jerk reaction only to realize they didnโt plan well and are still working lots of hours.