Michael B Allmon CPA

CPA and financial advisor serving the needs of high net worth individuals -- income tax and financial planning, tax preparation, estates, business services.

[Michael B Allmon CPA @MichaelBAllmon]

@kthoward @twinhillsfin We do too, but let them know that paper is more expensive as we charge the admin time .

[Michael B Allmon CPA @MichaelBAllmon]

@MireCpa Our minimum fee is $5k per relationship. So if that was all we were doing, that would be the fee.

[Michael B Allmon CPA @MichaelBAllmon]

@andreamacdcpa Depends... community or separate? Short or long term marriage? Intent of the two? ...

[Michael B Allmon CPA @MichaelBAllmon]

@Whooodat007 @ForemanTaxLaw Has to do with affordability

[Michael B Allmon CPA @MichaelBAllmon]

@ForemanTaxLaw Rates are low… we would assist in finding another preparer.

[Michael B Allmon CPA @MichaelBAllmon]

@LoganHaskett Our wealthy clients look for a number of attributes in a hometown, and one we see on pretty much all of them is weather… moderate climates. Not sure that any of those fit that bill!?

[Michael B Allmon CPA @MichaelBAllmon]

@bailey_gay Dunno, that’s just when I wake up! Love it as I head to the gym and start the rest of the day awake with energy!

[Michael B Allmon CPA @MichaelBAllmon]

@LoganGrafTax Yup, one of the costs of having low rates is the inability to pay competitively. Tough lesson and hope they learn it!

[Michael B Allmon CPA @MichaelBAllmon]

@AtlantaTax We would fix it, but would use “client costs” if we needed a description in other expenses

[Michael B Allmon CPA @MichaelBAllmon]

@DailyTaxMemes @MikeSyl36625988 Nicest place in SD, IMO

[Michael B Allmon CPA @MichaelBAllmon]

@MrRefund @LoganGrafTax Haha, would never want to be! 20 of us and it’s not an easy management situation at our small size!

[Michael B Allmon CPA @MichaelBAllmon]

@LoganGrafTax Did the opposite - built the only firm specializing in wealthy families in one of the wealthiest in the country. Struggled in the beginning but all good now!

[Michael B Allmon CPA @MichaelBAllmon]

@cbriancpa Fed ex if we can’t efile

[Michael B Allmon CPA @MichaelBAllmon]

@LoganGrafTax I use it, but not for tax research… we experimented with it and found it would often give wrong answers with certainty! More recently it often starts by saying it shouldn’t be relied on without expert advice… and we agree!

[Michael B Allmon CPA @MichaelBAllmon]

@LoganGrafTax Generally $3k for any return… we look more at the relationships, and $5k for that. Most of our clients have entities and for them, $5k is easy to hit. Continually upgrading our services and target clients.

[Michael B Allmon CPA @MichaelBAllmon]

@Love2Travel @LoganGrafTax Yup, we do that with “unusual “ paper filed returns (e.g., 706, etc)

[Michael B Allmon CPA @MichaelBAllmon]

@LoganGrafTax Don’t waste first time abatement on that… my first thought. Other steps are right on

[Michael B Allmon CPA @MichaelBAllmon]

@LoganGrafTax We, and they, already know… year-end planning

[Michael B Allmon CPA @MichaelBAllmon]

@adammarkowitzEA I agree… staff is more important than anyone to a successful firm!