The Outdoor Accountant

Accountant, Waterman, Fisherman, Hunter. Outdoorsman. Where we account for the time value of life and the time value of money. Not financial advice.

[The Outdoor Accountant @OutdoorCPA]

@money_cruncher Let’s connect!

[TB4A.com @TheBig4Tweets]

every accountant

[Mike Sylvester, CPA @FortWayneCPA]

Please repost!

We are considering selling our CPA firm for the right price.

Please contact me by email at [email protected] if you have interest. Those with interest I will send more information.

2 Million in annual revenue. Over 40% of the work is bookkeeping and payroll. 3 owners. 2 considering stepping away after transition period and 3rd willing to stay for many years.

Over the last 15 years the owners have taken on average 57% of the total revenue home.

[The Outdoor Accountant @OutdoorCPA]

@jasononfirms Yup - I’m going to try again, but first try got a heart attack, and by the daily reports the family wasn’t far from the heart on that abandonment.

[The Outdoor Accountant @OutdoorCPA]

@jasononfirms Ok… I found the place to play, forgot to eat or leave before midnight day one. It’s just like real life ☠️

[The Outdoor Accountant @OutdoorCPA]

@jasononfirms How do you play lol

[Jason Staats⚡ @jasononfirms]

Introducing tax season simulator

all you have to do is survive until april 15th

Good luck

[Craig Hausz, CPA @CPATaxTeam]

Prior tax professional was preparing an LLC for a rental property for $750. No planning. Told the client our fees were too high when they were looking to switch.

We brought on the client for 10x that with a $7500 planning/advisory engagement.

Found $185,000 in additional deductions the client didn't take for depreciation.

PSA...being cheap doesn't necessarily save you money. In this instance, it cost him nearly 10x what he could have saved.

[The Outdoor Accountant @OutdoorCPA]

@LoganGrafTax Can you repost the product and tweet??

[Mike Sylvester, CPA @FortWayneCPA]

Called the TaxPayer Advocate today.

Their message said call back another day...

[Logan Graf @LoganGrafTax]

A timeline of my firm’s minimum fee to prepare a personal tax return:

2020, firm launch: $449
2021: $600
2022: $800
2023: $1,000
2024, July: $1,800
2024, December: $1,500
2025, October: $2,000
Today: $2,000

[Going Concern @going_concern]

That transparent background tho 💀

[TB4A.com @TheBig4Tweets]

trying to figure out how they got the prior year number

[Jason Staats⚡ @jasononfirms]

Good morning! Checking in as you said you'd be able to circle back to this after the deadline?

Hope you had a restful break 🙂

[Logan Graf @LoganGrafTax]

Daydreaming of a retreat for accounting firm owners AND their families.

Does this already exist?

[The Outdoor Accountant @OutdoorCPA]

All extensions done by 4/13 in year two let’s go!!!

If you’re looking to connect with a tax professional let me know!

[The Outdoor Accountant @OutdoorCPA]

@mountainwesttax Tax projector works fairly well - it is in the tax software but separate section

[TB4A.com @TheBig4Tweets]

@ericvishria if your CFO is updating excel, you need a new CFO

[TB4A.com @TheBig4Tweets]

@dvassallo i’m a cpa with a masters in tax, 7 years of Big 4 experience.

i would not trust any one tool to do my own taxes

[TB4A.com @TheBig4Tweets]

@FPasselli94 made $165k after 6 years in public, 1st gen w no connections. still think it’s the easiest way to a high paying career