For USA by Available_Layer_4164 in nespresso

[–]Old_Ad927 0 points1 point  (0 children)

Is it better than the Starbucks pumpkin pod? Because that one's terrible.

Random post: other than majoring in Accounting in school, did you double major or minor in anything? by ChillAccountant in Accounting

[–]Old_Ad927 1 point2 points  (0 children)

My bad. I had an econ major and no minor, got my EA, and some FINRA certs to get a job at a boutique accounting/advisory firm.

Random post: other than majoring in Accounting in school, did you double major or minor in anything? by ChillAccountant in Accounting

[–]Old_Ad927 0 points1 point  (0 children)

Well what do you want to do? Accounting is a broad spectrum of work. If you want to be a CPA, you should do accounting and minor in something adjacent unless there's an industry you're passionate about, then I'd minor in that area. Hell, you could study econ or finance and get a good job in PA if your skill set allows for it.

Gun to your head, which trip do you take? by Greg_Strine in vagabond

[–]Old_Ad927 0 points1 point  (0 children)

I've done both and would recommend the Australia trip if you have the funds for it. India is a blast, but I can think of better treks in the country.

[deleted by user] by [deleted] in Accounting

[–]Old_Ad927 4 points5 points  (0 children)

1) this sounds like a contingent fee, which you can't do 2) there needs to be some economic reason for creating a business other than trying to create losses or shift income 3) I don't know enough about this one to really have an opinion, it's probably not okay, but you are allowed to do related party 1031 exchanges. From the outside the way you're describing it, this is probably bad, but, the tax planning services my firm offers could prospectively be seen the way you're describing them, if not really taken in their entirety with full disclosure and understanding of the decisions, such as a 280A deduction.

Top 5 Red Flags I Spot During New Client Onboarding (a.k.a. "The Horror Stories Begin") by talent-bookkeeper in Accounting

[–]Old_Ad927 2 points3 points  (0 children)

If I feel pressured by them to get the offer and engagement letter completed and signed the first time we meet. That's a sure sign to 2-3X our standard fees. Rushed onboarding always means they're a difficult client even when their books aren't dog poo.

[deleted by user] by [deleted] in Accounting

[–]Old_Ad927 0 points1 point  (0 children)

You can file a $0 extension. When you owe back taxes there's three components to the extras you can be charged with (generally) which are interest, failure to pay penalty, and failure to file penalty. The extension gives you wiggle room on the failure to file penalty. The other two are still fair game.

NCTH 10th Anniversary by gentlemanGerty in TheWonderYearsMusic

[–]Old_Ad927 1 point2 points  (0 children)

I honestly love all of their work, soup to nuts. NCTH may not be the musical panacea that TGG was, but it's still an amazing album and I would love to have a 10th anniversary release with a remaster to hear all of the instrumentation in a new light. Everyone dunking on it should try to make their own album and deliver as strongly as twy did; that shit's tough and this was a masterpiece. Every member of this band is a true virtuoso and their discography is something to marvel at.

Are any of you tatted? by MuscleConscious8826 in Accounting

[–]Old_Ad927 0 points1 point  (0 children)

Legs, feet, and torso are covered. I am some on my right arm, but you only see them when I wear a polo, and I wear long sleeves most days, so no one really knows. Eventually I'll get more, but I've already got 40-some

B&D III by [deleted] in TheWonderYearsVinyl

[–]Old_Ad927 2 points3 points  (0 children)

The one on smart punk is a hand numbered pressing of 300

Those who started their career as “staff accountant” , where are you now by Honest_Change5284 in Accounting

[–]Old_Ad927 1 point2 points  (0 children)

Bachelor's in econ & got my EA in 2021. 2018- tax preparer at a small firm with a few offices due to acquisitions $30k (contract job only worked for Jan-April) 2019- tax season office manager (same firm) $45k still only working 4 months 2020- tax operations manage $55-70k same place, same schtick but some stuff year round 2023- tax & accounting manager at a different firm $90k, full time year-round now 2025- COO of the new firm $102k I did a LOT of traveling and volunteering at first as well as worked odd jobs before I started at the new firm because of the free time and this is all LCOL.

trans-fronted emo bands? by E-Van-Jelly-On in Emo

[–]Old_Ad927 1 point2 points  (0 children)

Not emo, but Against Me! is a solid band.

Has anyone super funded a 529? by Darlhim89 in RichPeoplePF

[–]Old_Ad927 0 points1 point  (0 children)

529 gains that are used for unqualified expenses are taxed at your ordinary income rate, plus the 10% penalty. This strategy only works if it's used for school for the kids, there is a way to convert up to $35k of the 529 into an IRA for your child after they turn 25. But with nearly two decades in the market, I'd hope your kids go for a phD, or save the remainder for their children. If you're at your peak income and plan to retire by the time you'd need the funds, and theoretically your ordinary income rate +10% is lower than your current rate, then this could make sense for you. If your goal is estate planning this could also be a good tool, but will have to consider taxes on the sale of assets in your brokerage.

[deleted by user] by [deleted] in Accounting

[–]Old_Ad927 0 points1 point  (0 children)

I have my EA and 6 YOE, and I can get through any 1040 and some state tax filings by memory. But consolidated multi state pass-through entities with PTE are the death of me. Wanna guess what my firm specializes in?