@FPasselli94 It’s an under appreciated job, low salary when compared to the complexity and brutality of the hours, anyone whose good at it could be doing something else for higher pay, and it attracts low level talent (sorry but it’s a fact) so the high performers have to pick up too much.
@SmithMatthewC Run it yourself through a model first. The same things that come up are going to be the same things the clients bring up. It’s literally identical. Like Opus 5.5 doesn’t understand how to calculate GILTI 250. Each client asked the same question it (obv from Claude)
@Hunterjones@JTPellsCPA Very cool. Yeah that is a niche thing to catch. This is great. Excited about the future. really see simple/medium complexity 1040 return prep being completely eliminated.
@ForemanTaxLaw QSBS gone is major. Just had a return where realized gain was 2bn and 1bn was excluded. Insane. Like yeah someone making 2bn needs to save 400m in taxes.
@alexandr_wang Really? I have some ideas if this is a focus area. Big disconnect between what is actually needed vs what the models do if the goal is to take over filing and compliance for large corporations. Big4 is trying to get ahead here but are way behind.
@verumidest Nobody pays that much for estate planning no matter how good the advice is. There are too many people that can do the same. Law firms, large accounting firms etc.