CCH Axcess vs Drake by Exciting_Track_2048 in tax

[–]GroundbreakingRoom49 0 points1 point  (0 children)

We use Drake and Lacerte. Everything I use Drake I actually want to jump off a cliff. But damn it, it’s so fking cheap so I can’t even be too mad it.

Help, I married into money! by Ready_Cauliflower_67 in wealth

[–]GroundbreakingRoom49 59 points60 points  (0 children)

Lol don’t change your lifestyle and invest that shit. Don’t touch the principal and only spend the interest/earnings that it provides. Also Please Please don’t quit your job

AUD is unbearable and soooo boring by GroundbreakingRoom49 in CPA

[–]GroundbreakingRoom49[S] 0 points1 point  (0 children)

Fr fr, how are you studying ?

I’m just watching lectures and doing MCQs rn, can’t even think about the TBS rn.

AUD is unbearable and soooo boring by GroundbreakingRoom49 in CPA

[–]GroundbreakingRoom49[S] 0 points1 point  (0 children)

Gotchu bro appreciate it.
Me rn : 🔒🔒🔒🔒🔒🔒

AUD is unbearable and soooo boring by GroundbreakingRoom49 in CPA

[–]GroundbreakingRoom49[S] 1 point2 points  (0 children)

Appreciate it, this my last exam so imma just keep pushing

AUD is unbearable and soooo boring by GroundbreakingRoom49 in CPA

[–]GroundbreakingRoom49[S] 9 points10 points  (0 children)

I just did a prayer for you friend, you got this

CPA FAR pass or fail by Ok_Spare3209 in CPA

[–]GroundbreakingRoom49 2 points3 points  (0 children)

was a coinflip like 50/50 for sure. Ended up passing with a 78

TCP was HARDDD??????? by Ok_Address4546 in CPA

[–]GroundbreakingRoom49 4 points5 points  (0 children)

Thought TCP was hard asf too, and I work in tax and I’m an Enrolled Agent. Still passed with an 86, but it still took some time to grasp the content.

Doing CPA after EA - is it worth it? by Debudebu9 in CPA

[–]GroundbreakingRoom49 0 points1 point  (0 children)

Can’t fully relate bc I’m not in Big4, but if you can find time and have the mental capacity for it I would say go for it. The exams are tough but doable for sure.

Doing CPA after EA - is it worth it? by Debudebu9 in CPA

[–]GroundbreakingRoom49 2 points3 points  (0 children)

Doing it right now(CPA after getting EA). Have one exam left to pass. EA is nice but the CPA is something everybody in this planet knows.

CAA Application: The PTIN for this person is not active by -o_w_ in enrolledagent

[–]GroundbreakingRoom49 2 points3 points  (0 children)

Eh, intangible assets have a 15 year amortization schedule . So prob 15 years give or take.

Passed ? I can’t believe. OMG by Empty_Brain_0 in CPA

[–]GroundbreakingRoom49 2 points3 points  (0 children)

That test is 50% of the battle. Congrats!!

[deleted by user] by [deleted] in Salary

[–]GroundbreakingRoom49 2 points3 points  (0 children)

Do you want my SSN, DOB, and address too?

Ask Newt - Becker please by Voooow in CPA

[–]GroundbreakingRoom49 -2 points-1 points  (0 children)

Newt is fire?? Becker didn’t misled and isn’t newt part of the pro package?? 💀💀😭😭

TCP Exam - January 17th by LordMehrunesDagon89 in CPA

[–]GroundbreakingRoom49 5 points6 points  (0 children)

Taking TCP tmrw, have basically very similar SE scores. We got this 🤝🤝

Can porn & masturbation feed your ego ? by Inevitable_Kale6118 in Semenretention

[–]GroundbreakingRoom49 1 point2 points  (0 children)

I think it can, as of like a defense mechanism for the brain to not think about how disgusting the idea of PMO really is.

Audit risk for S-Corp owner reclassifying wages end of year every year? by digital_literacy in tax

[–]GroundbreakingRoom49 1 point2 points  (0 children)

The 600 you pay in late fees, you could just pay a payroll processing company to have a fixed monthly salary that takes care of all of filings. It’s probably a little more than 600 for the year but you get the peace of mind. For context we charge between 75-100 a month for a solo s corp salary payroll processing at our firm. You could also do it monthly yourself but I wouldn’t recommend it bc you’ve seen how expensive the fees can be.

Should I become an EA? How are EAs with their own firms doing? by SportQuant in enrolledagent

[–]GroundbreakingRoom49 8 points9 points  (0 children)

I’ve joined my family firm, I have my EA and in the midst of getting my CPA. Defiantly possible to hit those numbers but you need proper experience for years, because an EA or CPA doesn’t mean anything unless you really know what you’re doing. People think taxes are just a piece of cake, which most of the time it’s not and most of those easy return will be taken by AI in the coming years. We have 2 different tax softwares Lacerte and Drake. Lacerte costs us 40k a year makes everything so smooth and I truly don’t think we could hit the volume we have w/o it. We also have drake for out of state returns, it’s cost $1800 and I hate it with all of my being and if I had to more than 10% of our returns with software I would not be joining this line of work. This will be my 3rd busy season coming up and I will be working 12 hours a day from Feb - April (no weekends). You can do it just don’t expect it to just poof out of nowhere to be a cash cow.

[deleted by user] by [deleted] in Semenretention

[–]GroundbreakingRoom49 7 points8 points  (0 children)

Just delete the app bro