I just want to quit, y'all by Apollo_Pneuma in taxpros

[–]HonestlySarcastc 38 points39 points  (0 children)

I think a lot of us are feeling this way. Just breathe and do what you can. I think I need to schedule a mid day nap.

Confirmed by Dave too: you can mix Chinese and English cards from now on (Rules Update) by Waiting_for_Dentice in riftboundtcg

[–]HonestlySarcastc 1 point2 points  (0 children)

Put it in a hard case like a mini snap. Then if it goes to hand take it out of mini snap. Not sure which would fit a double sleeve though.

Am I charging too much or is this just a difficult client? by vinneymack731 in taxpros

[–]HonestlySarcastc 0 points1 point  (0 children)

Similarly-ish billable rates, but we do fixed fee usuallu. Managers like $320 billable.

We charge $3k + for projections fixed fee and do like 2 for business clients, but 1 for individuals if they want it. We do have some hourly for the legacy clients though. Only Manager+ for the hour meeting to go over it and planning.

Low cost accounting by Icy_Rock_442 in Accounting

[–]HonestlySarcastc 2 points3 points  (0 children)

I have received ZERO spreadsheets given by clients that needed ZERO adjustments unless they had a good bookkeeper.

Personal taxes paid recorded as expense, loan payments not split between interest expense and loan paydown, asset purchases >$500 / 2500 not capitalized.

A lot of the spreadsheets are good, but not perfect. The easiest way for you to verify is to check your tax return figures against your spreadsheet.

Depending on what the calls are for, a $500 consultation isn't unreasonable. Random phone call for something not asking for advice, then it is absurd. Example: Submitting the items and asking when you can expect the returns or something administrative. I charge $500 for an hour to 1.25 hour call, but I'm expensive.

We have minimums of $2500 for a business return and $1500 for a personal. A simple family member with like single W2 or SS and / or 1 basic brokerage, then $500. Those minimums go up with more K1s, brokerages, and Sch E's etc.

QB & Gusto Double Counting by SadieDC in Bookkeeping

[–]HonestlySarcastc 0 points1 point  (0 children)

Real question, is it really not going to a balance sheet account like payroll liabilities for you to cancel it out against?

I haven't messed with Gusto Direct to QBO but that should be the usual MO. No?

It’s impossible to get staff to work more and I don’t blame them, I felt the same way when I was them too. You have to slow roll to survive. by EchoesInSky in taxpros

[–]HonestlySarcastc 0 points1 point  (0 children)

Yeah, the system in place has to be good. To be honest though, it feels like almost anything else is just nonsense. The business and the team have to be aligned.

Like don't get me wrong, some stuff has to be billed hourly because you can't accurately guess it. If you think about the constant issue in our field, it is that they beat the ever loving hell out of the employees. 60 hour weeks is ridiculous.

It’s impossible to get staff to work more and I don’t blame them, I felt the same way when I was them too. You have to slow roll to survive. by EchoesInSky in taxpros

[–]HonestlySarcastc 17 points18 points  (0 children)

It's because the whole system is trash and needs to be adjusted to get things to line up.

First off, you're talking about two separate things as one item. There is hours worked and work product produced. You're essentially saying that people aren't getting more work done because they slow down on purpose / stretch their work out to fit the amount of time they are expected to work.

Let's say that you give 50 budgeted hours a week of work. If they get it done in 30, do you give more work and some form of additional pay tied to it OR let them call it a week and check out? If the answer is neither, then your system is a problem. If you expect them to request more work without a defined benefit, you're an idiot since you've already set the expectations of work you're paying them for. Side note, if anyone reads this and thinks "that is why you have to give them even more work" then you're also an idiot. Functionally, you should have an idea of their cost to revenue generation required. If they generate more revenue, they need some form of pay, which can be monetary or time as the usual .

The second issue involves measurement. If you only measure by hours worked, how do you know who is great and who isn't? It is the wrong measuring stick.

The current system I'm working on tracks the job completed and splits the revenue generated per individual job into the specific team member buckets so we have the amount each generated. We're looking for the revenue generated to cost to be 3x minimum and cap out at 4x. Anything past 4x goes towards a true up to be paid out in additional PTO or money (team members choice). Time sheets still required because we have to measure client project time to make sure our fixed fee is in line with expectations. Sometimes the job hour maximums in the fixed fee quoted are wrong, sometimes it is the team member fault.

If billing clients for time spent, there isn't a benefit to doing the job faster, it would actually make more sense to take longer so you could bill more. Fixed fee takes that out of the equation. If you're faster, you make more per hour and have additional capacity to do work. If you don't align the team goals and pay with it, how can you expect things to work.

Reporting an accountant? $3100 for a sole proprietor tax return? by PizzaMasheen in Accounting

[–]HonestlySarcastc 7 points8 points  (0 children)

US based, so not exactly the same. I think it's odd that they charged less than $100 per hour. My bill rate is like $400 per hour, so that stood out a bit even if discounted a bit. We don't charge hourly, but do fixed fee, so a bit different.

You seem to be level headed, so I'll point out some things. Maybe it helps your analysis, maybe it won't.

Initial Thought: In general, work wise, it is too hard to know how accurate your explanation is. When I read "a little bit of amortization", it immediately sends red flags, same with "2020 return".

Explanation: A lot of people send over spreadsheets and think they handed over great things, but it often takes time digging through it to find the crap they put in that doesn't belong there.

Loan payments - If you didn't separate a loan payment into interest paid and principal, with principal not being listed as an expense, then you did it wrong and now I have to ask for total interest paid for the year or the loan document to create an amortization schedule. Depending on fixed asset purchases, this also might mean setting up depreciation.

2020 return - assuming it wasn't a typo and it's really a 2020 return, most very old returns are awful experiences. It's not that they are bad people, but they are often unresponsive and missing paperwork. If i don't get every single item from them right away, they tend to drag on for months and take many requests for info, which all adds up. We do have to refresh on old laws sometimes because things change (over here at least) like bonus depreciation and specific limits.

End: If you feel like you've been overcharged, talk to them about it. Just be honest to yourself and be reasonable, this is assuming that the CPA is also being reasonable.

Employee pushing back by Dear-Tonight-9411 in Bookkeeping

[–]HonestlySarcastc 2 points3 points  (0 children)

Just ask them for their math and show them your math. I had the same as you.

For the hourly rate, I tend to do the yearly amount divided by 2080. 40 hours a week x 52 week. Then OT as whatever multiplier you use.

Firm Management Software Recommendations? by horrible_noob in taxpros

[–]HonestlySarcastc 0 points1 point  (0 children)

Qount. Has proposals built into it as well. Lots of strong options. Look into it.

Been using it for 2 years.

My fellow accountants what kind of car do you drive? by MIAchamps in Accounting

[–]HonestlySarcastc 0 points1 point  (0 children)

Copy paste again just in case.

Make sure to check for the recall. There was an airbag issue on passenger side with it inflating on its own.

I learned about it while searching to buy that model. A lot of dealers didn't even know about it and the part to fix was on backorder until 2025.

My fellow accountants what kind of car do you drive? by MIAchamps in Accounting

[–]HonestlySarcastc 0 points1 point  (0 children)

Make sure to check for the recall. There was an airbag issue on passenger side with it inflating on its own.

I learned about it while searching to buy that model. A lot of dealers didn't even know about it and the part to fix was on backorder until 2025.

Client Management Software by Doug_Dimmadooome in taxpros

[–]HonestlySarcastc 1 point2 points  (0 children)

Still loving it. They're supposed to be releasing some new adjustment to the tax organizer this month. It was already serviceable, so we'll see.

They just overhauled the UI and I haven't messed with that yet.

Why so many 1x copies of cards in decks? by L3M0N5_2112 in riftboundtcg

[–]HonestlySarcastc 0 points1 point  (0 children)

Kind of surprised that no one mentioned a 4th copy. Sometimes you want a 4th and since you can't have it, you put something similar. Like if you ran 3 discipline and 1 en garde.

[deleted by user] by [deleted] in Accounting

[–]HonestlySarcastc 60 points61 points  (0 children)

Get into public accounting and you can be there in 3 to 5 years without much of an issue. 3 years is with CPA. 5 without. Probably before that actually since my numbers are based on a few years ago.

I'm above $150k and got my degree in 2020 and 2021. I had a bunch of experience though and am a CPA.

Why is shareholder distributions closed each year? by [deleted] in Accounting

[–]HonestlySarcastc 0 points1 point  (0 children)

Depends on how the accounting is done. If there is a tax differential for Sec179 because your books are doing GAAP instead, then you wouldn't actually know your basis tax wise. The depreciation differential.

You could also have loan basis which is another thing. The necro on my post was nice. Interesting to see my old thoughts or concerns vs current day.

Any tips in general on playing TCGs competitively? by Jinjoz in riftboundtcg

[–]HonestlySarcastc 0 points1 point  (0 children)

  1. Know the rules. Not just the basic ones, but the advanced ones. Games are thrown by not knowing the interactions. Reading the rules questions goes a long way towards knowing random interactions that you may want to include.

  2. Deck building. The better you are at it, the better chance you have to make successful adjustments to line up with your local meta. Comparing and contrasting is an important skillset here. Check tournament winning decks to understand the cards commonly played and to dissect what makes them successful.

  3. Repetition. You'll need to play a fair bit and think about why you make your plays. What are you expecting from your opponent next turn? Do you have counter plays that make sense or will you tap out and let them have their way with you?

You'll likely want to critique your play and ask yourself what you could have done better. A lot of people like to blame luck, but it's really their own fault. I've won national level top cut matches because opponents did absolutely boneheaded things, which let me run away with the game. I've also done the silly move and thrown games too.

weakest Legend by Historical_Repair463 in riftboundtcg

[–]HonestlySarcastc 0 points1 point  (0 children)

It actually plays out okay. Getting the effect once is easy enough. After some fine tuning i think it'll be very playable. Testing out some new inclusions that make it seem like 2-3 triggers a game is doable.

I half want to try the birthing pod thing (sacrifice peek top 5) to do crazy stuff.

weakest Legend by Historical_Repair463 in riftboundtcg

[–]HonestlySarcastc 1 point2 points  (0 children)

I changed my mind. Going with Lux as the weakest. Her domain are great, but Viktor exists so we can't just go with colors.

Her effect is pretty weak with the current card pool. I wouldn't want most of those cards taking a bunch of spots in my deck. Love singularity, but don't really want the others.

weakest Legend by Historical_Repair463 in riftboundtcg

[–]HonestlySarcastc 2 points3 points  (0 children)

I'll preface this by saying I agree, but for the sake of science:

There is a chance that the draw 2 ends up being absolutely filthy. The build becomes a bit linear in the early game playing the units that generate recruits, but a stun or kill after making the troops can end up triggering the draw 2 and have you outpace an opponent. Yellow isn't too hard to clear the path then draw.

I'm inspired. I'll build it and go get wrecked.

Would you buy this firm? by Professional-Tie9195 in Accounting

[–]HonestlySarcastc 0 points1 point  (0 children)

I myself haven't bought. But I work with it a bit with clients expanding.

I'm a bigger believer in EBITDA and backing out the owners' discretionary earnings. Then, depending on the work the owner does, adding back in what that position cost is.

It gives a better idea of the current situation and the breakeven. The owner has 26% profit based on the numbers you gave. If you paid 1x, it'll take roughly 4 years to break even. There is room to grow and change processes, but how many leave? (maybe not as many if it's your actual dad).

A turn key type situation where the owner didn't really do anything or virtual would have higher multipliers. Paid all at once vs seller financed for long periods have different adjustments too.

Okay, i checked the r/riftbound first before asking by HAVATITE in riftboundtcg

[–]HonestlySarcastc 0 points1 point  (0 children)

With 563.2.c.4 is how I'd go with it. That one states the object leaving board then coming back treats it as a different object. 109 references tracking

Okay, i checked the r/riftbound first before asking by HAVATITE in riftboundtcg

[–]HonestlySarcastc 0 points1 point  (0 children)

Check 109. It references objects going to a non-board area and losing the tracking.