Nate Semmel, CPA

Director, #InternationalTax at Lear & Pannepacker, LLP; MS in #Accounting; Native New Yorker; Highlander/Great Dane/Pirate;

[Jason Staats⚡ @jasononfirms]

We put together a (new) 50-minute masterclass on how to optimize your 1040 tax prep process

5 members of my team spent 2 weeks on this one. It may be the most complete 1040 workflow resource on the web.

It's broken down into 11 steps:

1. Engage
2. Schedule
3. Intake
4. Workpaper Prep
5. Request
6. Input
7. Self-Review
8. First Review
9. Partner Review
10. Billing
11. Delivery

For each step we cover:

• The ways firms do (or don't) do it
• The leading tech to enable it
• Whether AI can automate it
• And how to deskill it

Important: you'll be shocked to see how firms use wildly different levels of expertise to get the same work out the door, so deskilling is a big talking point throughout the video.

I'll DM you the private link, no email addy required:
1. Reply with "1040"
2. Retweet

Let's get those 1040s out the door like never before 🤜🤛

[Nate Semmel, CPA @FedTaxes]

@tryjasononline 1040

[Nate Semmel, CPA @FedTaxes]

@tryjasononline 1040

[Nate Semmel, CPA @FedTaxes]

Stop sending JPEGs when sending your documents to your tax preparer. They are annoying #TaxTwitter

[Josh Youngblood, EA @JoshYoungblood]

Tonight FinCEN announced that no fines or penalties will be issued, and no enforcement actions will be taken, until a forthcoming interim final rule becomes effective and the new relevant due dates in the interim final rule have passed. No later than March 21, 2025, FinCEN intends to issue an interim final rule that extends BOI reporting deadlines, recognizing the need to provide new guidance and clarity as quickly as possible. FinCEN also intends to solicit public comment on potential revisions to existing BOI reporting requirements. #BOI #EA #CPA https://t.co/EY7WfZTDhv

[Nate Semmel, CPA @FedTaxes]

A very nice tribute to a legend.

[Shock Ink @Shock_Ink_]

It is with heavy hearts that we announce the passing of the legendary Roberta Flack this morning, February 24, 2025. She left us peacefully, surrounded by her loving family.

Rest in power, Roberta. You will never be forgotten.

https://t.co/tTS24PCrqY

@Roberta_Flack #legend

[Nate Semmel, CPA @FedTaxes]

@adammarkowitzEA You meant 334 days left #TaxTwitter

[Nate Semmel, CPA @FedTaxes]

BOI Reporting Still Voluntary Despite Supreme Court Decision

[CPA Practice Advisor @cpapracadvisor]

BOI Reporting Still Voluntary Despite Supreme Court Decision-

https://t.co/TveBVcusJ8

[Nate Semmel, CPA @FedTaxes]

@ForemanTaxLaw What!!??

[Nate Semmel, CPA @FedTaxes]

@ForemanTaxLaw You’re Sonny Liston. You’re Jack Dempsey.

[Nate Semmel, CPA @FedTaxes]

@ForemanTaxLaw She was great in Hudson Hawk

[TB4A.com @TheBig4Tweets]

the best part of accounting is when you get promoted and you get to do your old job and new job at the same time

[Nate Semmel, CPA @FedTaxes]

@andreamacdcpa What is your minimum charge for a return?
What do you charge for an "average" return?

[Nate Semmel, CPA @FedTaxes]

Hey #TaxTwitter, a few of my clients wanted to remind you that the deadline is approaching.

[Nate Semmel, CPA @FedTaxes]

Yes, I did include your estimated payments when I figured your current extension payment. #TaxTwitter

[Nate Semmel, CPA @FedTaxes]

@andreacpa0 Now do people who have foreign assets 🙄

[Nate Semmel, CPA @FedTaxes]

@AccountingAsArt The funny part is I'm sure the client was like "Cool!".

[Nate Semmel, CPA @FedTaxes]

@cordes_tax Yes, it’s called an extension.

[Nate Semmel, CPA @FedTaxes]

@adammarkowitzEA Does he have a jingle playing like the ice cream man?

[Nate Semmel, CPA @FedTaxes]

@LoganGrafTax What do you think the yearly fee for this client should be?