Darin Pierson, CPA

CPA for business buyers | Q of E, Tax strategy, Accounting | Founder of Ashford Sky

[Darin Pierson, CPA @darinpierson]

@SMB_Attorney “Worth 5 min to discuss”
“Found the smoking gun”

[Darin Pierson, CPA @darinpierson]

@LoganARobison A business owner’s super power is a low lifestyle burn….running a business hits different when lifestyle creep comes in. Can’t take as much risk, do sabbaticals, etc.

That being said, yolo haha.

[Darin Pierson, CPA @darinpierson]

@FinPlan_CPA @CPATaxTeam @JonLuskin This is correct

[Darin Pierson, CPA @darinpierson]

An AI “tell” that isn’t talked about as much as the em dash:

Starting a sentence with “Worth”

Getting to the level of em dash for my AI radar.

“Worth a quick call to confirm fit?”

“Worth knowing the trade off.”

😂

[Darin Pierson, CPA @darinpierson]

@SMB_Attorney This warms my heart Eric.

[Darin Pierson, CPA @darinpierson]

@SBA_Ray Puts even more skin in the game for the entrepreneur. Sign a PG and come up with your equity yourself.

There could be “off the books” transfers of cash happening between investors and the searcher….not good, but can’t see how that doesn’t happen sometimes.

[Darin Pierson, CPA @darinpierson]

@BuffCpa That’s one way to do it!

[Darin Pierson, CPA @darinpierson]

I’m scared to accept LinkedIn invites.

Worried within 5 minutes I’ll get a sales pitch.

Even on ones where there are lots of mutual connections!

Is this the end state of LinkedIn?

[Darin Pierson, CPA @darinpierson]

@carkerpox I tend to think yes and take the Hormozi approach “spend so much time doing the thing that it would be unreasonable for you to fail”

[Darin Pierson, CPA @darinpierson]

@jakecrandall This is the way. And use “follow” button for potential vendors if you want to see their content.

[Darin Pierson, CPA @darinpierson]

@OneManLBO 🔥🔥🔥

[Darin Pierson, CPA @darinpierson]

@therobertbrooks Love seeing these stories

[Darin Pierson, CPA @darinpierson]

@GrowinOmaha Haha - yeah this is a hard one. J Curve is real!

[Darin Pierson, CPA @darinpierson]

New SBA 7(a) rules dropped Friday! As you may know. Buried in them, the SBA spelled out exactly what a Quality of Earnings has to contain.

Four "musts", on deals $3m or more.

Worth reading even if your deal is smaller.

Here they are 🧵

[Darin Pierson, CPA @darinpierson]

Under $3 million none of it is required.

Still a decent checklist for what you should be looking at.

[Darin Pierson, CPA @darinpierson]

More procedures can be included, but those are the four called out.

One more thing. The mandated QoE has to be conducted for the benefit of the Lender, and it "may not be prepared by or for the borrower or seller."

Above $3 million, that report isn't yours.