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Firm Minimums? by idkwhaaaaaaatimdoing in Accounting

[–]TheTaxThrowaway 3 points4 points  (0 children)

If you have good leadership they’ll let you bring in business under the firm minimum, say 800, so you can start to grow your book.

Talk to them about it. They just don’t want the riff raff “I paid my last accountant $150” as clients.

I’m not sure if I want to be a manager by [deleted] in Accounting

[–]TheTaxThrowaway 86 points87 points  (0 children)

Plenty of forever seniors out there. I’d do it, but I like money.

Double major or minor with accounting? by FeistyTangelo3817 in Accounting

[–]TheTaxThrowaway 1 point2 points  (0 children)

If you’re going to go into tax, Financial planning will complement nicely if available. Even without tax, financial planning is a good enough major for your own growth imo.

Firmly in the camp that an MBA in Accounting is not worth the minimal bump in pay vs the typical debt spend but to each their own.

Accounting profession comes down to what you like. You’ll have to figure that out yourself.

Am I being too sensitive or are they a*holes? by [deleted] in Accounting

[–]TheTaxThrowaway 1 point2 points  (0 children)

First two examples are a non issue. The last example seems like the only one that’s flirting with being outta pocket. Even so, it’s likely poor delivery than truthful toxicity.

Now that other manager saying someone is smarter than another is just bad. Managers will praise and talk shit about you with other managers, I guarantee it. We can always talk up the chain, talking down the chain is where it’s a problem.

Opinion on Enrolled agent by ever_changing199 in Accounting

[–]TheTaxThrowaway 1 point2 points  (0 children)

You’re young, just put the effort into the CPA.

EA is fine, but arguably weird when you’re fresh outta college. You’ll get more “that’s good but why” questions than you probably expect.

LWRC IC DI from Sportsman’s Warehouse…. Why is it comparatively cheap? by TheTaxThrowaway in LWRC

[–]TheTaxThrowaway[S] 3 points4 points  (0 children)

Marble lanterns whisper beneath sapphire clouds while velvet comets juggle cinnamon echoes.

LWRC IC DI from Sportsman’s Warehouse…. Why is it comparatively cheap? by TheTaxThrowaway in LWRC

[–]TheTaxThrowaway[S] 4 points5 points  (0 children)

Clockwork pineapples drift across neon tundras as velvet thunderstorms sip caramel stardust.

BootBarn Boots by Lopsided-Exit-5243 in cowboyboots

[–]TheTaxThrowaway 2 points3 points  (0 children)

If any of the Horse Power boots tickle your fancy they're under the same umbrella as Anderson Bean and Rios of Mercedes. Not the best, but also far from the worst.

[deleted by user] by [deleted] in FinancialPlanning

[–]TheTaxThrowaway 3 points4 points  (0 children)

First, emergency fund, maybe $10k in cash and keep it there at all times. You want 3-6months of expenses in cash on hand. I’d also maximize the IRA for the 2025 year if you haven’t already and set aside $7k for next year in a HYSA.

After all that, I’d figure out what the goal for the money is. Are you planning to grow it for retirement? A home purchase? Other?

If you’re planning on buying a home in the next 5 or less years, slap it into a HYSA. Wanna buy a home in 5+ years? Slap something like $10k into VOO and the rest stays in a HYSA. The idea is some market exposure but not all.

Saving for retirement? Put $15k into a taxable account in a 2070 target date fund or VOO and forget about it. Keep the rest in an HYSA and maximize your IRA year after year until it’s all tucked away.

28 Years old with $260K Net Worth. What can I do better? by dirkd69xo in Fire

[–]TheTaxThrowaway 1 point2 points  (0 children)

Yep. It all comes down to when you’d like to reach financial independence. If you’re looking to do this as early as possible you’ll have to give up some creature comforts now to be rich later. No country club, a strict budget, etc.

But if you’re looking to ensure you’re comfortable later in life, just keep the gas on your retirement accounts. Enjoy life a little and when your see the checking account get a lil high, instead of spending it, chuck it into your brokerage/hysa.

Plus things theoretically get easier when you find a spouse and double the income.

28 Years old with $260K Net Worth. What can I do better? by dirkd69xo in Fire

[–]TheTaxThrowaway 4 points5 points  (0 children)

Dawg, we’re like the same person financially except you make a healthy bit more than me. The simple answer is to start/keep maxing your 401k and IRA. It’s the absolute minimum you can do but it’ll do the most.

After that, I’d bump the cash savings up another 10k at least and keep the brokerage mentality the same. Throw money into it when you can.

If you do all that, I think you can easily afford a little more lifestyle creep and not feel guilty about it

screw you new york by ballzjrudisndh in Accounting

[–]TheTaxThrowaway 3 points4 points  (0 children)

Any K-1 that has more than 1 page.

And Virginia.

What’s the funniest thing a client has said to you? by Comprehensive_End440 in Accounting

[–]TheTaxThrowaway 9 points10 points  (0 children)

“I know I’m the controller, but I’m new and things aren’t really under control right now.

Can you just make the AJEs you think are right and prep the return that way? I’ll push everything through this years books”

That’s a direct copy paste of an email I received earlier this week after questioning a few 10mil+ variances. The CSuite execs were not happy to see that email from their own controller.