ITScottCPA

CPA Advisor and Financial Coach
What do you want? What does it take to get there?
Let's take your business and life to higher levels!

[ITScottCPA @cpa_it]

@The_Law_Boy Yes

[ITScottCPA @cpa_it]

@PrototypeQuill Français mon ami

[ITScottCPA @cpa_it]

I advanced to the Diamond League on Duolingo

[ITScottCPA @cpa_it]

@SubjectivePBlog Yeah bro, well you come off more Ti than I do haha. Well maybe more T, and I have the Di lol. So it’s a split

[ITScottCPA @cpa_it]

@SubjectivePBlog Yo bro. Glad you made it home and on the mend!

[ITScottCPA @cpa_it]

@SubjectivePBlog I mean Fe is doing the same thing ain't it? Trying to problem solve tribe with values instead of logical means. Both are trying to work the crowd. But through two different mediums

[ITScottCPA @cpa_it]

@lavicpa @TaxMama Agreed, but a Few K1s to enter and analyze is a lot different than getting the whole package to work through. If it’s a WIP return and we are waiting on others that’s an acceptable exception.

[ITScottCPA @cpa_it]

@FronPon I gotchu bro

[ITScottCPA @cpa_it]

Some deserved relief for the Lone Star State

https://t.co/YxHE8Wo0Rh

[ITScottCPA @cpa_it]

CPE Opportunity:

https://t.co/UAtMW975ID

Cash Balance Plans offer opportunities within the retirement plan marketplace. Learn how you might be able to help your client reach their goals through a Cash Balance Plan

Date: Thursday, November 5, 2020, 12PM

[ITScottCPA @cpa_it]

@CPA_Trendlines My pleasure! Looking to connect with my fellow accountants out there!

[ITScottCPA @cpa_it]

Personal Interest goes such a long way. A quick phone call to check up on can turn to something much larger and meaningful

[ITScottCPA @cpa_it]

@garyvee 4

[ITScottCPA @cpa_it]

@JoshuaSheats An LLC is a passthrough entity so the tax return would be in the child's name, not the business. It's a good idea to teach the child how to be in legitimate business, also how the U.S. tax system works. At the state level it could vary 🤷🏾‍♂️

[ITScottCPA @cpa_it]

I'm going to "Closely Held Business Transfer & Exit Strategiess". See you there? https://t.co/P1Z38Mhl8x via @Eventbrite

[ITScottCPA @cpa_it]

Want to best utilize the IRS tax laws? Start a business.

[ITScottCPA @cpa_it]

Start early. Investing $200 per month, starting at age 25, will grow to close to $1 million by age 67.

[ITScottCPA @cpa_it]

#Thinklikeabusiness

Q: Can I deduct this for taxes?

Ask Yourself:
1. Does it have a business purpose?
2. Is it an ordinary cost for my business?
3. Do I need this to make money?
4. Can I prove it through documentation?

If you answer "Yes" for all 4, then you can deduct it!