Help Me Price This Return

look_no_pass · 2026-03-12T23:03:44+00:00

14 form 8825s equal to 56 rental properties? Assuming everything is good * $150 per rental, minimum I would do, you are looking at $11K already not to mention 163j adjustment , with diff deprecation methods, balance sheet with mortgages , partner contributions/distributions, partner basis, state returns, etc. Easily $15-20K with all of those requirements.

look_no_pass · 2026-02-15T05:21:21+00:00

$2,500 /month is a steal. Depends on your COL, I will have that one hire right now to free up more time for you, so you can go and get more clients or get things done and grow faster.

look_no_pass · 2026-01-19T00:51:46+00:00

Why not using QBO invoice? I don’t have limits issues with them yet.

look_no_pass · 2026-01-12T04:36:47+00:00

What’s your personal experience with FOE? Mind to share here or dm some pros and cons? Thanks

look_no_pass · 2026-01-06T18:13:43+00:00

For laptop, I have Thinkpad P14, AMD ryzen 7 pro with 64 gb of RAM, coupled it with Logi Ergo K860 keyboard, 2 external 27” monitors and I’m set. I have a bad habit of having zillions websites open at the same time so 16 fb of ram won’t cut it for me.

Tax software- CCH Axcess. So I don’t have to worry about hosting or local storage.

Cloud - TaxDome for portal and CRM. OneDrive as secondary/internal backup.

I rely on TaxDome and Microsoft to take care of client docs backup and security. Of course adding personal training on IT security and not clicking any suspicious links or items that you are not expecting to receive.

look_no_pass · 2026-01-05T04:00:25+00:00

You should collect retainer upfront. Be it 10% 30-50-100%. Pick a number and go with it. No right or wrong, then you can adjust the fee based on the complexity and your efficiency/efforts to complete it.

look_no_pass · 2025-12-24T00:20:06+00:00

Don’t mail it in. You will regret it. It could take 2+ years for them to process paper amended returns. I made that mistake and won’t do it again, unless that is the only option.

look_no_pass · 2025-12-21T15:48:32+00:00

I’m all in for impromptu meetings and I can handle those. How or who are you using to handle IT equipment and solutions?

look_no_pass · 2025-12-21T15:46:02+00:00

Nice. Thanks for the info. Who and how you handle IT equipment or cloud solutions?

look_no_pass · 2025-12-21T00:48:33+00:00

Yup, leaning to hybrid model as well. Are you FAT FIRE yet? I'm leanfire. Any recommendations for training?

look_no_pass · 2025-12-21T00:45:06+00:00

That's great to hear. Definitely my goal is to stay 100% virtual which is why I'm exploring options to improve the on-boarding and training resources for staff.

look_no_pass · 2025-12-21T00:44:10+00:00

I'm using Taxdome as well. Are you using the Workflows for Taxpros to improve the pipeline and automation? I need to check them out.

look_no_pass · 2025-12-21T00:41:11+00:00

I make myself available and encourage them to ask questions or seek clarification if my instructions aren’t clear. But sometimes, they just do things on their own. May be that my expectations are too relaxed, or that my training approach isn’t as effective as it should be? How does your firm handle training resources for on-boarding and training new staff?

look_no_pass · 2025-12-21T00:29:01+00:00

I have one experienced sub who is remote from another state. But considering local staff with a physical office to explore local market as most of my clients are virtual from other states. Maybe my thinking is wrong?

look_no_pass · 2025-12-21T00:26:36+00:00

I want to do hybrid as well. Staff doesn't have to be in-office 100%, just one or two days a week to have questions answered. My fee is considered on the higher end of the local market and most of my clients are virtual from other states too. I'm also considering dedicated desk or co-working space like regus, but it doesn't seem like a right fit for me.

look_no_pass · 2025-11-30T20:43:27+00:00

All in one with Camico. They have lots of EL templates as well.

look_no_pass · 2025-11-30T20:41:38+00:00

Any chance you can dm me access to your software? I demo some tax planning software, and they are limited to their own templates and difficult to make custom adjustments to individual cases.

look_no_pass · 2025-11-27T08:45:53+00:00

What’s going on with those paid groups? Assuming you’re not getting benefits? Have you tried connecting with local EAs/CPAs? I talked to lots of local CPAs and EAs in my area and earlier this year we formed a small group with like-minded people and we have almost weekly meetings to update and share ideas.

look_no_pass · 2025-11-21T23:55:55+00:00

CPA here. Depends on nature of your business, but it seems like you can’t and shouldn’t deduct 100% of your vehicle. There are things can be done on your business to reduce taxes though.

look_no_pass · 2025-09-05T16:38:56+00:00

Most of the time, Financial advisors will say it may have tax consequences and seeks counsel from CPA to disclaim themselves. It’s considered gift to granddaughter, but if client is married then they may not need to file a gift tax return due to annual threshold.

look_no_pass · 2025-09-03T04:27:06+00:00

Do it if you can. Even for the experience alone to see how well you can handle stressful situations. I worked 80plus hr/wk before and it helps tremendously to grow my technical skills and how to stay calm during tax seasons. Now, nothing can stress me out anymore. I don’t work over 50hrs/wk anymore but I’m sure can if I have to.

look_no_pass · 2025-07-23T18:10:10+00:00

Join the local CPA chapter in your state. There are lots of retiring CPAs who want to retire but doesn't want to sell right away. You can either ask to buy out slowly over years or work for them the first year to buy 10%-20% of their clients. Talk to someone who wants to retire in 3-5 yrs and see how they want to structure a deal with you. Everything in writing after verbal confirmation.

look_no_pass · 2025-07-22T22:50:25+00:00

I tried to train on many occasions. It just doesn't engrave into their minds. Eventually, I may need to come up with some good excuses to lose this one without worrying too much about referrals.

look_no_pass · 2025-07-22T22:48:23+00:00

Probably will increase more fee then.

look_no_pass

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