@TheTaxNomad This is exactly what 90% of them need.
They are paying us to be the adult in the room and make sure they don’t owe a huge tax bill.
Most businesses and business owners are not to the level where they need the obscure strategies.
Focus on the basics and growing your business.
Billionaire John Morgan reveals he didn't make his first $1,000,000 until age 41 and is now one of 20 REAL Billionaires…
“The people who really get filthy rich are patient. I didn't make $1,000,000 till I was 41… If you see somebody offering 11% interest, run.”
$1m EBITDA at 3x = $3m valuation
$2m EBITDA at 5x = $10m
That blew my mind when I I saw that.
It was like why work a W2, that is the goal, you can get rich off math!
@texasrunnerDFW Everybody’s just trying to keep it together.
Just read some ridiculous shit, roll your eyes for the millionth time and go to bed.
Rinse wash repeat.
Accounting firms should be focused on consolidating all work for a client and going expanding services.
Give me the payroll accounting tax business advisory fractional cfo work. Integrate it as seamlessly as possible.
Make it easier for clients, let them do what they do well, and be their one call for anything accounting and finance.
No need for internal accounting anymore.
@TheICHpodcast Man that’s the benefit of being a large company, sometimes you can just impose your will to get good results.
23 quit and I’m Sure they just hired 23 more within a month.
@SMBfugazzi That’s frustrating.
Always helps to have a good attorney in your corner who can explain the “why” behind the points.
Stay patient, good luck.
@CPATaxTeam Worked at a bunch of different firms in the past, and none of them ever seem to understand process and efficiency.
Smaller agile firms that can adjust software and processes quickly will be much more successful than medium and large sized firms that won’t change quick enough.
@JomgThe Fixing the printers irritates the hell out of me.
But I’m getting good at telling bad customers take a hike.
The goal is to outgrow those roles in time!