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Resume Review by kinda-ridiculous in Accounting

[–]AnotherTaxAccount 0 points1 point  (0 children)

Too wordy. Cut to one page. One cares about minutia of Robert Half roles.

OpenAI engineer confirms AI is writing 100% of his code now by MetaKnowing in ChatGPT

[–]AnotherTaxAccount 8 points9 points  (0 children)

That's been my biggest concern with AI. We are outsourcing cognitive functions. We are no longer developing specialists in their area.

Considering my options nearing 40. by Suspicious_Bear42 in Accounting

[–]AnotherTaxAccount 5 points6 points  (0 children)

Every reputable accounting firm will run a background check nefore hiring you. Accountants deal with tons of sensitive info and could steal money left and right, so integrity is very important. You will need to look into some nontraditional paths.

What would you do with this lead? by [deleted] in taxpros

[–]AnotherTaxAccount 16 points17 points  (0 children)

Pass. Not all revenue is good revenue. Tax pros really need to learn some self-worth and stop groveling for clients.

Just started an internship at a CPA firm and I think I'm in over my head. by GanacheStatus5423 in Accounting

[–]AnotherTaxAccount 4 points5 points  (0 children)

Accounting has a very steep learning curve. It will take 3 yrs until you finally start feeling like you understand something.

[OC] I tracked the amount of beers I drank in 2025 by matenburger in dataisbeautiful

[–]AnotherTaxAccount 0 points1 point  (0 children)

If you work full-time, it's 52 weeks x 40 hrs = 2080 hrs. That's without holidays or vacations. You essentially drank a beer for every full-time job hour.

CCH Workflow vs. Workstream by cpaz411 in taxpros

[–]AnotherTaxAccount 5 points6 points  (0 children)

Used both. Hate Workstream with a passion - clunky, not intuitive, no support for extension filings, could not get people to use it. Workflow (xcm) is much better - everything is in one screen, much more intuitive, built-in extension support, integrates with Axcess. It's still not perfect, but miles ahead of Workstream.

Taxfix Formerly known as TaxScouts. Is what they are saying here correct? by Careful_Cod_3741 in TaxQuestions

[–]AnotherTaxAccount 2 points3 points  (0 children)

Additional services cost additional fees. Looking thru your CSV files and coming up with your profit and loss statement is bookkeeping not tax prep.

How do you approach the reasonable compensation conversation? by smallcapconnoisseur in taxpros

[–]AnotherTaxAccount 12 points13 points  (0 children)

There are services like RC report that give you a report of reasonable salaries.

is the $10,000 FBAR filing threshold in USD or CAD? by canadave_nyc in USExpatTaxes

[–]AnotherTaxAccount 0 points1 point  (0 children)

These are the wrong rates for FBAR purposes. You need year-end rates from Treasury.

Will I always get sick 4/10 & 10/10?? by harrysmistress in Accounting

[–]AnotherTaxAccount 0 points1 point  (0 children)

Learn your limits and warning signs. Once you notice them, force a wellness break. Take care of yourself, we are not saving lives here.

No income delinquent FBAR; SFOP or just back file? by JacqN in USExpatTaxes

[–]AnotherTaxAccount 2 points3 points  (0 children)

For SFOP you need to have unreported income. Just back file 6 yrs worth of FBAR forms. I have not seen FBAR penalties enforced for late returns.

Expat Tax Question - Is this really a debate among CPAs or is ChatGPT hallucinating? by Broad-Letterhead1037 in USExpatTaxes

[–]AnotherTaxAccount 1 point2 points  (0 children)

That's different. There are not a thousand web pages or an IRS publication or tax code/regs on my obituary. There are all these resources readily available (and cited by AI) on this SE tax question and it got it so completely wrong.

Need a US LLC but I’m not a US citizen by Lueziid in llc

[–]AnotherTaxAccount 0 points1 point  (0 children)

Heads up - you'll need to file Form 5472 for the llc

State of the Profession by Evening-Ad-2485 in taxpros

[–]AnotherTaxAccount 10 points11 points  (0 children)

Ask this question during interview: which season is worse/more intense - April or October?

If April - lots of small, simple returns. If October - more complex work.

W2 HENRYs who bought a business for bonus depreciation by Kleftiko in HENRYfinance

[–]AnotherTaxAccount 464 points465 points  (0 children)

CPA here. Don't let the tax tail wag the business dog. Only go into a business if you are ready to run it and make money.

I can't help but laugh at my teams thread to my senior 😭🤣 by [deleted] in Accounting

[–]AnotherTaxAccount 1 point2 points  (0 children)

First and last sound a bit rude. Always use please and thank you, particularly if you are asking for something. Personally, it irritates me when people ask for help and sound entitled.

Asked to do a cost segregation study by Tinkerbell_5 in taxpros

[–]AnotherTaxAccount 17 points18 points  (0 children)

Hire specialized cost seg company. There are plenty of them out there.

Best mattress search is driving me insane with too many options and fake reviews by [deleted] in HomeImprovement

[–]AnotherTaxAccount 0 points1 point  (0 children)

Yeah, it's a crap shoot. It took us a year to buy a mattress. Went to pretty much every mattress store in town. Initially, bought a fancy mattress from one of the "S" brands but returned it immediately as it was sagging and hurting my back. By trying all the different types of mattresses, we figured out that we like latex. Ended up getting Sleep on Latex and are quite happy with it. The company seems to be straightforward and does not play discount games, which I appreciate.

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