Michael Siggins CPA

Your attorney, CPA and wealth manager are all excellent. None of them talks to the others. That's my job. Two exits of my own. Founder, Complete Family Office.

[Michael Siggins CPA @MsigginsCPA]

@TomMullooly @ppearlman My kind of workplace

[Michael Siggins CPA @MsigginsCPA]

@ShaunTiwari Good one. Same goes for landlord consents and seller notes. Anything that needs a third party's signature is worth asking about at LOI.

[Michael Siggins CPA @MsigginsCPA]

@ClintFiore I often tell people my favorite thing about what I do is finding a all the interesting ways that people found ways to be incredibly successful. This is another cool example

[Michael Siggins CPA @MsigginsCPA]

In the first year after an exit, the biggest risk to your money isn't the market.

It's your phone.

Everyone you have ever met now has an opportunity for you:

- a friend's fund
- a cousin's restaurant
- a "can't miss" allocation that closes Friday
- a nonprofit that would love to name a building

The right answer to all of it, for twelve months, is one sentence:

"I've committed to making no new commitments this year."

Say it once. Mean it.

The opportunities worth doing will still be there in month 13.

Most of them won't be.

[Michael Siggins CPA @MsigginsCPA]

@john_jacob Getting g the binder done is the easy part. Re-titling is just step one. Titling new assets correctly is the ongoing one everyone misses.

[Michael Siggins CPA @MsigginsCPA]

@dealflow_guy Lmk if you find one - there’s not any left!

[Michael Siggins CPA @MsigginsCPA]

@TKopelman The gaps repeat because the setup is often the only time anyone looks at everything together. After that it's whoever the client happens to see first with no one coordinating and holding the whole plan together, it inevitably falls apart.

[Michael Siggins CPA @MsigginsCPA]

@MrNQDC @moseskagan Not every good decision has a financial return.

[Michael Siggins CPA @MsigginsCPA]

@SellersCounsel Worst of both time zones lol.

[Michael Siggins CPA @MsigginsCPA]

@T_Gatzemeier Before the meeting ends, put dates and names next to the decisions. Otherwise a good plan can still turn into a December scramble.

[Michael Siggins CPA @MsigginsCPA]

@mkoontz328 It’s a good screener!

[Michael Siggins CPA @MsigginsCPA]

@ClintFiore That's a lot of pressure riding on June 😂

[Michael Siggins CPA @MsigginsCPA]

@PeterMallouk Complaining isn't option four? 😂

[Michael Siggins CPA @MsigginsCPA]

@RomanPuglise And sometimes you have to practice using that freedom. Saying no can still feel uncomfortable even when the numbers say you can afford to.

[Michael Siggins CPA @MsigginsCPA]

@altorien @ducksays Afraid not, I’m just a customer. I can give you a list of features I’dike to add, but that’s about it.

[Michael Siggins CPA @MsigginsCPA]

@KHendersonCo Owning a wrap shop is a pretty good solution to mismatched body panels lol.

[Michael Siggins CPA @MsigginsCPA]

@Budgetdog_ Instinct ftw! Now the challenge is not filling all that time back up :)

[Michael Siggins CPA @MsigginsCPA]

@MrFamilyOffice A family doesn't need another person to manage. Outside expertise should take work off their plate, not leave them coordinating another relationship.

[Michael Siggins CPA @MsigginsCPA]

@markcecchini Start with what you want life to look like, then work out what it costs. And accept that it’s ok to change the goalposts. Just be thoughtful about it rather than letting lifestyle creep surprise you.

[Michael Siggins CPA @MsigginsCPA]

@KurtisHanni Owners like to make a decision and move on. I’ve got a CPA, done. Most of the time that just means reactive tax planning. So much more is needed to optimize your business finances. That CPA might be able to do it, but only if he/she knows that’s part of the engagement.