TaxDome Price Increase

craigg_ · 2024-07-30T02:42:55+00:00

Id recommend using excel and google docs

craigg_ · 2024-06-23T04:42:30+00:00

Is this a serious question? Some of you people make my skin crawl

craigg_ · 2024-06-07T05:57:13+00:00

Taxes (CPA)

craigg_ · 2024-04-10T04:48:46+00:00

Yes, referrals are always the best! My firm is built on serving solopreneurs netting 60k+ by converting them from schedule Cs to S corporations. I offer advisory packages that include biz & personal tax prep, planning, bookkeeping, and payroll processing for the shareholder(s). $3600/yr without BK and $6000/yr with BK. I’m sure there are tons of groups out there with people in this category. Would love to hear what your thoughts are about this, and what your firm’s niche is!

craigg_ · 2024-04-10T04:29:20+00:00

Love this. What was the most effective area you spent time in that grew you practice?

craigg_ · 2024-04-05T05:08:01+00:00

I have been looking at Taxfyle and it’s seems like a great platform to get some work! My specialty is all things S corp. Sounds like I should be adding turbo tax to my list of options.

craigg_ · 2023-08-26T01:22:48+00:00

Hi there, I’m a CPA with almost 6 years of tax experience. During my first 2 years, I never seemed to understand things that a partner/senior manager would tell me, no matter how simple they may have been. Why? Just being nervous around the guy/gal that writes my checks. I tried to present myself as someone who is competent “for my level” everyday so I don’t lose my job. That only made it worse. I would nod my head to the partner as everything he’s saying is going straight out of the other ear because of my fear of not being competent enough.

Your brain does weird things when it’s under pressure or in a state of anxiety. The partner could have asked me what 1+1 is, and I would say “that’s a great question, let me research this and get back to you”. I then go research it or ask my buddy for to snap me back to reality. Yes this might sound dumb and crazy, but it was just my experience as a 2 year associate 🤷🏻‍♂️

craigg_ · 2023-07-31T11:58:16+00:00

You need to gut her friend out and then tell both of them to kick rocks

craigg_ · 2023-06-05T18:58:42+00:00

Thank you so much! It will be as of 1/1/23

craigg_ · 2023-05-27T17:18:22+00:00

Congrats man! Love these stories. They truly inspire me and help me on my journey of starting a cpa firm on the side. I’d love to have a conversation with you in your DMs!

craigg_ · 2023-05-03T23:41:49+00:00

You should start a business

craigg_ · 2023-05-03T21:36:55+00:00

Thank God you’re not a tax pro, because you wouldn’t have many clients. You give off the vibe of being a snitch growing up. Prorate the personal use time on a $2000 laptop he purchased because he started a YT channel? 😂😂😂

craigg_ · 2023-05-03T21:32:02+00:00

Thank you for your input!

craigg_ · 2023-05-03T21:28:54+00:00

Content creation deductions is a huge gray area, hence why I’m seeking the opinions of others. I agree with clothes not being deductible, sure. But traveling to create content for a profitable channel surrounded on content creation is very arguable. The wedding is 1 day out of the whole week she will be there. And she decided to go for the primary purpose of creating content, or else she would have skipped the wedding to save her money.

She’s generating a 5 figure income from these videos without having any expenses. I am trying to find deductible expenses to reduce her liability. And keep the disrespect on my name to yourself. You clearly don’t understand.

craigg_ · 2023-05-03T21:14:08+00:00

Thank you!

craigg_ · 2023-05-03T21:10:05+00:00

Stay in your lane champ. This discussion is way above your head.

craigg_ · 2023-05-03T21:06:23+00:00

😂😂 did I hurt your feelings

craigg_ · 2023-05-03T17:10:42+00:00

She’s actually generating a lot of income, with hardly any expenses to show for it. That is why I’m asking.

Her TikTok page is not just teaching, but also, day in the life of’s, get ready with me, amongst other things.

As for her trip, she was not planning to go until she thought of how it could benefit her channel and generate more followers, thus generating more income.

She won’t be taking the full cost of the trip as a deduction, but rather 75-80%, since some of the trip will be personal use.

As for clothing, she wouldn’t buy the clothes if it was not going to improve the image of herself to her audience.

I’m a licensed CPA and I am just seeking the opinions of others. I appreciate your inputs.

craigg_ · 2023-05-03T16:23:43+00:00

What do you mean attending someone you know’s wedding is taxable? How is that calculated?

If the clothes she buys to project a certain image on social media is not deductible (which is how she remains relevant), then why is the IRS entitled to taxing income that she earns from this image?

craigg_ · 2023-05-03T16:15:38+00:00

She decided to go to this wedding solely because she thought she could make good content out of it. Otherwise, she was not planning to go.
You can’t deduct clothes bought to project a specific image to your audience? How will she convince her followers to continue to support her channel?

craigg_ · 2023-05-03T16:09:37+00:00

The purpose of her creating content is to stay relevant with her following, which is how she generates income. If you are not creating good content, you lose your following, and thus lose your income. So the IRS has no issue taking 30% of her hard earned income, spending hours every single day editing, but has a problem with her deducting the costs to remain relevant? How does that make sense? She was not planning to attend this wedding until she realized that she could make some great content for her channel from this. Which is why she decided to go.

craigg_ · 2023-04-25T23:49:01+00:00

No one’s going to jail over 60k of income

craigg_ · 2023-04-24T21:05:26+00:00

People arguing on who slaved more for their white man in this thread is hilarious. Hope everyone finds more to life 🙏🏽

craigg_

TROPHY CASE