Simply Stated Finances / CPA💰☕

Wife & Mother 👨‍👩‍👧‍👦, traveler ✈️🌴, and scuba diver 🐡🐠. Coach (& cheerleader) for all small business owners & entrepreneurs.

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

Are you ready to join me in removing the stress from tax season? The rules keep changing, but here are the tools to simplify the confusion and keep the IRS happy at the same time.

If you're a small business owner, this is for you!

https://t.co/Bfzda85wYF

[Wealthy Accountant @wlthyaccountant]

Imagine an employer that pushes you to the breaking point and is upset if you take a vacation after a grueling time of the year finishes?

Now imagine if it isn't the employer pushing, but the clients?

Then ask yourself: Am I that client elsewhere?

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

@IsaiBCortez @JLWCPA2 Yeah. Another CPA said CA not conforming. What is with 11th hour deadline changes?!

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

@ShaynaCPA I love this! 🤗

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

My biggest regret is not sticking to my guns earlier in my career and saying family first. Take it or leave it.

I never missed an event or soccer game for my kids. But flying in for my grandmother's funeral, hugging everyone, and immediately flying back home because it was tax season wasn't family first.

And driving back and forth 2 hours each way in between soccer matches multiple times in one weekend to show up in the office because it was tax season wasn't family first.

I was trying to show staff I was committed to them and clients, as we had recently acquired a firm. I should have shown I was committed to my life and family and the work would get done another way.

I changed my ways when I went out on my own and my new staff were given completely different rules to follow, but I should have done so sooner. We need to do better as leaders.

#TaxTwitter

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

@CBarrett_CPA @MikeSyl36625988 I wasn't even receiving invites. Incognito works IF email invite comes through. But if we never receive the invite, it's not a cache issue. I think this is what Mike may be experiencing as well? I had to create a new email account.

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

I had to create a new email account that I use only for Intuit invites. Absolutely ridiculous that we have to find these workarounds. My email is hosted through Google, but I also have Microsoft 365. I don't believe it's a Google issue since creating the new email worked immediately.

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

@LoganGrafTax New roof? 😂 Honestly, sneaking down to Ft Lauderdale in November and can't wait. Phone will be on DND for the week.

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

@cbriancpa Please remind me of this rule next year as I'm trying to wrap up a set of stupidly messy returns. Definitely relaying that message before tax season this year though. Firm calendar going put for the whole year in December. No reason to get us things at the 11th hour.

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

@ArthurJSpring @LuciaPacioli I now put in my instructions that I am required by law to e-file within a certain amount of time after receiving the 8879, so please review carefully as any changes may require that an amended return be filed and will be charged extra.

Not one single "Oops!" this year. 😁

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

@mybackporch Call us in November. Nope. Need a nap. And then tax planning. December? Meh. It's the holidays. Maybe August would be best. 😂

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

Hey TR, just received a voicemail to chat about your products. First of all, not interested because of price and prior experience.

Secondly, it's OCTOBER 10th. Know thy audience!! 😏

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

And then we crap on each other. I see comments amongst pros about horrible customer service. As I get an email from a small business client that she may not have things for me this week, is there another extension. No, there is not. And I've offered to help set up processes all summer to avoid this situation. My hours are full this week. We'll have to chat after 10/16. I'm not refusing to give customer service, I'm just refusing to put out a fire that isn't mine and shouldn't have existed.

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

You hit the nail on the head. Clients procrastinate all summer and then we have a million reasons why it's our fault and we kill ourselves (literally sometimes) meeting deadlines for them. I sound like a jerk on here sometimes saying I push back and tell them they're out of luck, but sometimes we continue to enable this behavior. Then we only have ourselves to blame.

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

I gave a client a firm deadline last week to get me missing documents that I had requested several times. I got a message first thing this am that he would upload them right away. Sorry, but I'm not stressing this week. I have other clients to focus on too. I sent multiple reminders and he's had MONTHS to get me those documents. I won't enable this behavior anymore. Sometimes it takes a penalty to get their attention. There are consequences for our actions in life.

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

@ForemanTaxLaw @IraGilligan

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

@The_CPA_Guy Oh my goodness. Her video about waking up at 11, going full glam, and then napping all afternoon speaks volumes. I should ask my 20 & 17 y/o's the chances of this happening in our house. 😉

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

@JLWCPA2 Or text! (And FB Messenger is my fave. 😏 It gets hacked regularly, but sure, let's use that for sensitive document sharing.)

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

They've been a client for several years. I know the business well enough to know better. Amd I peeled under the hood in QBO a bit. I know some can do very well. This isn't the case.

They had about 8 "bank" accounts set up in QBO for everything they ever do with cash. Getting a money order isn't a bank account. 😉 They don't know what they're doing but haven't reached out for help with bookkeeping. I was going to help them clean up (again) for tax prep, but decided it wasn't the right course of action in this case. They need a more cost-efficient bookkeeper.

And we're in a lower cost area. House cleaning might be $75. His wife got another job because they didn't have enough business. Nothing adds up.

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

Logged into a client's QuickBooks account this morning. Shows $161k in income for 2021 and $83k for 2022. I KNOW these figures are junk. They're low income. I would bet my house they don't have $160k sitting in their bank account. It's a one person cleaning business.

Sent email to client with rough tax figures based on these junk numbers. Also sent them a bookkeeping referral. They won't be able to pay my fee on this cleanup.

This is why (well, one reason why) bookkeeping is important!! 🤦🏼‍♀️ #TaxTwitter

[Simply Stated Finances / CPA💰☕ @SimplyStatedFin]

@runjudd Right after lunch sounds about right. Especially considering the 2 messes I've picked up and had to put right back down today.