Josh Olney, CPA, CFE

Improving Financial Reporting, Strengthening Controls, Optimizing Tax Strategy & Supporting Litigation.

Comments don't represent financial or tax advice.

[Josh Olney, CPA, CFE @TheOlneyCPA]

@RepNateMoran Thank you for hosting such a wonderful event, it was very informative and interesting! We came away with a much better understanding of how the House of Representatives functions. You and your staff did a fantastic job. It was great to get to know you and your team.

Josh

[Josh Olney, CPA, CFE @TheOlneyCPA]

@teresalirette @SecRollins @Freedom250 @USDA Being in the room was an amazing experience. Happy 4th of July!

[Josh Olney, CPA, CFE @TheOlneyCPA]

My wife and I are singing just to the left of the fountain.

Happy 4th of July y'all!

[Secretary Brooke Rollins @SecRollins]

Unfortunately, the weather may have disrupted parts of the @Freedom250 celebration, but we were grateful to open the beautiful @USDA building to provide shelter. And then this happened… these incredible patriots spontaneously broke into the National Anthem.🇺🇸

I love my country.

[Josh Olney, CPA, CFE @TheOlneyCPA]

@SecRollins @Freedom250 @USDA There my wife and I are just to the left of the fountain. Here is a picture of me singing that my wife took.

[Josh Olney, CPA, CFE @TheOlneyCPA]

1 email. 1 opportunity.

I was CC’d on an email and immediately saw a credit the client qualified for.

Why?

Training. Awareness. Looking beyond the obvious.

Result:
Advisor looks great
Client gets money back
Stronger collaboration

📞 (903) 287‑0399
🌐 https://t.co/LOzog7b5lK

[Josh Olney, CPA, CFE @TheOlneyCPA]

A SEP IRA isn’t just a deduction—it’s a planning decision.

When used thoughtfully, it can be extremely effective.
When used reactively, it can create constraints you didn’t expect.

As with most things:
👉 The strategy matters more than the tool.

Visit https://t.co/LOzog7b5lK

[Josh Olney, CPA, CFE @TheOlneyCPA]

S‑Corp owners—quick reminder:

✅ You should be on payroll (reasonable comp = W‑2)
✅ >2% owners must include health insurance on their W‑2

An S‑Corp isn’t just an election, it’s a system that needs to be followed.

Need help with this? https://t.co/LOzog7b5lK

[Josh Olney, CPA, CFE @TheOlneyCPA]

I see this all the time: Partners in a 1065 on payroll

Quick reminder:
Partners ≠ employees
No W‑2s
Use guaranteed payments instead

There are exceptions, but they are rare.

Give us a call if you need help with this: [phone] or visit https://t.co/LOzog7b5lK

[Josh Olney, CPA, CFE @TheOlneyCPA]

Small detail. $30,000 mistake

I reviewed a return where dividends were reported as ordinary instead of qualified on a 1099

That misclassification alone cost the client over $30K.
Happens more often than people think

Details matter

👉 https://t.co/LOzog7b5lK | [phone]

[Josh Olney, CPA, CFE @TheOlneyCPA]

@fabiolauria92 Thanks for the question Fabio. This is another piece in the puzzle. The training teaches practitioners how to identify and develop a team of stakeholders within a company with a focus on ROI.

It helps me understand that any AI solution should be solved in a bubble.

[Josh Olney, CPA, CFE @TheOlneyCPA]

I’m excited to share that I’ve earned the Microsoft Certified: AI Business Professional credential.

This certification strengthened my ability to evaluate, adopt & apply AI solutions responsibly to drive business value, improve decision‑making & support ethical AI practices

[Josh Olney, CPA, CFE @TheOlneyCPA]

Business owners don’t lack data, they lack clarity.

Reports are being delivered, but decisions are still made on instinct. That gap = risk + missed opportunity.

AI is changing that.

We can help your clients: https://t.co/LOzog7b5lK

[Josh Olney, CPA, CFE @TheOlneyCPA]

Talent matters, but fundamentals win.

Michael Jordan said it best:

“Talent wins games, but teamwork and intelligence win championships.”

- Business works the same way.
- Talent starts things.
- Systems make them last.

Need help
[phone]

[Josh Olney, CPA, CFE @TheOlneyCPA]

The most underrated AI move right now?

Microsoft adding a Copilot key to keyboards.

It removes friction, embeds AI into daily workflows, and makes usage automatic, not optional.

That’s how platforms win.

[Josh Olney, CPA, CFE @TheOlneyCPA]

Recently, I talked with a business owner who had to leave an event early…

to go home and work on their books

They had a CPA, but the day‑to‑day still lived with them

With the right support, work shouldn’t follow you home

Need help?

[phone]/ https://t.co/LOzog7b5lK

[Josh Olney, CPA, CFE @TheOlneyCPA]

Cost segregation, in simple terms:

It accelerates depreciation on parts of a property to improve near‑term cash flow.

Powerful when coordinated.

Problematic when done blindly.

In real estate, timing matters.

Need help, reach out
[phone] / https://t.co/LOzog7b5lK

[Josh Olney, CPA, CFE @TheOlneyCPA]

@LoganGrafTax Hey Logan, thanks for sharing this. What led to a jump to $1,800 and walk back to $1,500 and then a jump to $2,000? Seems like there's a lesson in there somewhere.

[Josh Olney, CPA, CFE @TheOlneyCPA]

Texas ranch expenses can be deductible, but only if it’s actually a business.

Recent IRS cases keep denying deductions when there’s no business plan, no profit motive, and weak documentation.

Boots and a tractor aren’t enough. 🤠

The IRS wants records.

[Josh Olney, CPA, CFE @TheOlneyCPA]

A buy‑sell agreement without funding is just paper.

Life insurance makes exits work.

Need help, contact us.

https://t.co/LOzog7b5lK

[Josh Olney, CPA, CFE @TheOlneyCPA]

One of the biggest efficiency wins in QuickBooks Online?

✅ Bank feeds.

They reduce manual entry, catch missing transactions, speed up reconciliations, and keep books current, saving time and money.

Automation doesn’t replace review. It supports it.