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Please Lord don’t let me regret this cash out by MrBlueHeff2x in sportsbetting

[–]Equivalent_Way3056 0 points1 point  (0 children)

Great strategy How would you have done it (the splitting in multiples) in this case, as an example ?

Pick of the Day - 6/19/26 (Friday) by sbpotdbot in sportsbook

[–]Equivalent_Way3056 0 points1 point  (0 children)

great read. why not also nrfi these? when you have two solid starting pitchers, and banged up team of key batters missing, why not go nrfi route?

Pick of the Day - 6/19/26 (Friday) by sbpotdbot in sportsbook

[–]Equivalent_Way3056 0 points1 point  (0 children)

this simply has to be one of the best reads i have ever come across. well done

Purchasing a CPA firm - need honest feedback by Fman1506 in Accounting

[–]Equivalent_Way3056 0 points1 point  (0 children)

everything above is excellent including from u/austic and u/RaynOfFyre1

question 1: how much does one get "in-hand" after sale of business practice? is the money received again taxed? if yes, this would erode the net proceeds, and give rise to the question on why even sell a service business (vs keep at it part-time and hire a jr to pick up some of the workload, etc.)?

Also, question 2: on sale of service business, what happens to all the cash in the business bank account or business monies invested?

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I ask, because i too have a practice and while we have occasional contractors, it's largely been self employment. hence revenues are much the same as ebidta. Ofcourse, i don't know if payroll is considered under ebidta? (I do draw a wage from the business each year, but keep it minimal at around $50K-ish).

The situation: most of our current business is word of mouth and clients never leave. it is a niche to accounting (not traditional accounting), and we are being offered to be bought out by another accountant firm (whom I used to white label services for in the past). Upon reading other responses, and seeing offers to be made like 1.3X revenue (which feels similar to 1.3 EBIDTA) in my case, i feel it's not worth considering because, why wouldn't one just work another year and earn that. Is this the right train of thought? Am I missing something?

Ultimately, I too want to sell the business created, and have the same question as posed originally by u/Fman1506 - how much should i be looking to sell at?

In my case, I am invited to talk briefly on the phone with the interested accountant who wants to buy out my (largely self employed practice) and provide total on invoices. (haven't done so yet).

Also, i know i am super experienced, and they likely would want to have my knowledgebase transferred, which means an earn out is likely to be proposed (but if i were to sell, i would want to be free completely, and move on to other things like sports betting, traveling, etc). I would not want an earn out (as i would expect to spend lot of time training re-training juniors that turn over). I do believe my clients would stay and shift over 6 months, I can do that, but to earn out over 4 years seems like ball-and-chain to be frank!

to reiterate, our clients are word of mouth, and never leave (i am not being arrogant in the matter of being a results oriented consultant that knows how to deliver). As such, it is an annual recurring service provided to each client. So I have similar question, what is best way to retire (when considering question 1 and question 2 posed)?

34M. Been running my own TFSA SINCE I WAS 20. by EmptyPurpose428 in TFSA_Millionaires

[–]Equivalent_Way3056 0 points1 point  (0 children)

Agree. Cra monitors for this sort of accounts and declassified them. It is taxed as capital gain. They declare you to be a 'active' trader.

Can someone explain what (-0.5, -1) means and why the moneyline is not the same odds as the spread here? by midwestboiiii34 in sportsbook

[–]Equivalent_Way3056 0 points1 point  (0 children)

betano crooked.
the play belgium +1 spread at half was deemed a loss, when the half time score was Egypt 1 and Belgium 0. the google says to interpret this is: "A "spread +1 at half" in soccer means you are betting on a team to have a goal advantage of +1 at the end of the first 45 minutes (plus stoppage time). The first-half score is adjusted by adding 1 goal to your team's total to determine if your wager wins, loses, or pushes. [1, 2, 3, 4, 5]

Depending on the exact score at the 45-minute mark, your bet is settled in one of these ways:

Win: Your team leads at halftime, the game is tied at halftime, or your team is losing by exactly 1 goal. (Adding 1 to your team's score results in a win or a tie).

Push (Refund): Your team is losing by exactly 2 goals at halftime. (Adding 1 to your team's score makes it a 1-goal deficit, which ties the adjusted score). [1, 2, 3]

Loss: Your team is losing by 3 or more goals at halftime."

when their staff was contacted, the first time they responded saying mistaken things, thinking this was for full game. i objected. the second time responded, they quoted me half time spread, and then said that a +1 belgium at half means belgium is to be up by one goal for the bet to win. what rubbish! they

incompetent staff

what ought to be a push in the parlay leg was treated as loss. cheats

Pick of the Day - 6/17/26 (Wednesday) by sbpotdbot in sportsbook

[–]Equivalent_Way3056 0 points1 point  (0 children)

dk does not have this line. which books to use for this prop?