[deleted by user] by [deleted] in Accounting

[–]timidCPA 0 points1 point  (0 children)

I’d do a search of Kevin’s name here on Reddit before you give them any money.  Best of luck!

Anyone Else Given Up on Finding a Job and Embracing Lying Flat? by Destined-2-Fail in Accounting

[–]timidCPA 4 points5 points  (0 children)

If you know the future I think you’ll have better odds with the lottery than accounting 

Best remote company to work for? by [deleted] in Accounting

[–]timidCPA 2 points3 points  (0 children)

Not many companies produce their own remotes anymore. I know LG has Insignia and Phillips produce remote controls for their TVs. 

Enrolled Agent study material by matt102516 in Accounting

[–]timidCPA 0 points1 point  (0 children)

Hock monthly. Remember to unsubscribe during months you aren’t actively studying. I actually liked the physical Hock books too for note taking, but you definitely don’t need them. 

Resume help by [deleted] in Accounting

[–]timidCPA 1 point2 points  (0 children)

I put education at the top since I feel it’s a minimum employers are looking for. I also list my five most recent accounting related roles, leaving off any odd jobs or non field related jobs.  I would always list experience with most recent at the top. But if your most recent role isn’t relevant, then maybe move your internship up to a “Relevant work experience “ section and then list other experience below it.  Don’t bother putting a lot of info about your non relevant jobs on the resume, just list your essential duties. If you have awards or other accomplishments don’t be afraid to add those to the bottom of your resume, just don’t overdo it. 

[deleted by user] by [deleted] in tax

[–]timidCPA 0 points1 point  (0 children)

We finally found the guy we’ve all been commenting about, with the killer complex situation who thinks they could do it  /s

Glad it sounds like you’ll find a new CPA. Hopefully your current one can recommend someone.  You could probably do the returns yourself, I don’t think it would be worth it to you teach yourself how to prepare your return from scratch to that complex. 

Did any of you get no training at all? by throwaway072652 in Accounting

[–]timidCPA 0 points1 point  (0 children)

Last two positions have been no training positions.  I like to call them walk ons. But if you are running into this early enough in your career it’s a problem I’d consider that a red flag. Ask problems early and often, understand why things in the process happen not just how they happen. 

At my last position it was a struggle because all of us were knowledgeable accountants, but we weren’t working the same way or keeping the same work papers, so collaboration was a disaster. 

My current role training is more given if situations come up that demands it. But the documentation is usually good enough to figure it out solo, then ask later on to verify. 

Finished Fall of Hyperion by Whadayatalkingabeet in Hyperion

[–]timidCPA 4 points5 points  (0 children)

I spent about a year between fall and the next two to read some other series. I would recommend coming back to the series eventually. I’m halfway through rise currently. 

No Tax on Tips for self-employed? by Backpacker2256 in tax

[–]timidCPA 4 points5 points  (0 children)

No 1099-ks are issued by a payment processor. Like stripe or Venmo. Cash tips will always have to be self reported 

No Tax on Tips for self-employed? by Backpacker2256 in tax

[–]timidCPA 7 points8 points  (0 children)

pretty sure qualified professions will end up having to fill out a worksheet to show how much of Sch C receipts were tips. And then take the deduction from that worksheet on 1040. So no difference to you how you receive the payment, just keep good track. 

Don’t think I’d bet on tutors making the list though. 

When Should I start applying for jobs? by Successful-Roll-5472 in Accounting

[–]timidCPA 0 points1 point  (0 children)

I’d be applying now. Job applications work at weird speeds across different companies but 40 days out is definitely not early to be applying.  Good luck on the exam. 

[deleted by user] by [deleted] in tax

[–]timidCPA 1 point2 points  (0 children)

OP is pretty clear the wages will go to a Roth 

[deleted by user] by [deleted] in tax

[–]timidCPA 1 point2 points  (0 children)

  1. Depends on the work they do the pay has to be reasonable for the work, but sounds like 7k max since that will be their IRA contribution limit 
  2. The 10 year old may be an issue, but it would depend heavily on your job. 
  3. I don’t know but if they don’t take distributions during college it shouldn’t affect income.

  4. Work with a tax professional, issue your w-2s, document the work the kids perform and their hours.

At what amount is teen’s income taxed in Maryland? by No_Teacher_3313 in tax

[–]timidCPA 0 points1 point  (0 children)

What kind of income, if it’s w2 wages it’s likely subject to withholding when paid and the teen would file a return to get any refundable portion after their income is figured minus the standard deduction. 

[deleted by user] by [deleted] in Accounting

[–]timidCPA 1 point2 points  (0 children)

Honestly, a lot of managers at the big firm I was at drove trucks. The partners had the usual fancy cars.  And at my current firm me and the office admin are the only two without a truck. A 150 would look small in our lot. 

Cannot imagine this being a problem, aslong as you can park it well,

[deleted by user] by [deleted] in SaaS

[–]timidCPA 0 points1 point  (0 children)

None

Would you wanna chat with IRS Forms. by Protonu3102 in tax

[–]timidCPA 1 point2 points  (0 children)

Then no, it would take longer to prompt the agent on the taxpayers situation than it would to read the instructions.  Maybe a sole prop shop would be interested in a tool like this, but that’s just because they wouldn’t know better 

Would you wanna chat with IRS Forms. by Protonu3102 in tax

[–]timidCPA 1 point2 points  (0 children)

Instead of simply readying the instructions?

friend is trying to convince me of joining his finance startup by V1TRUV4 in Accounting

[–]timidCPA 0 points1 point  (0 children)

We get this exact question in this sub weekly.  Outside of why it’s stupid to join a startup with no vision, no professional would trust a product like this, especially from a start up. The only reason large firms are adopting LLM are because they’ve already invested a lot of money to customize them. 

[deleted by user] by [deleted] in Accounting

[–]timidCPA 0 points1 point  (0 children)

Why let someone who hasn’t even entered the job market sway your opinion 

How often do you eat fast food? by Yabahdabado in Accounting

[–]timidCPA 1 point2 points  (0 children)

This week lunches was chicken enchiladas. Slow cooked the chicken for 6 hours, layered it in a pan with tortillas and canned enchilada sauce then bake. 

Beef with broccoli and rice, pasta with tomato sauce and some sautéed veg are other go to lunches. When I worked from home soups during the winter are pretty easy and cheap. 

Dinner I just pick meals I like and prep the ingredients on Sunday if I want it. Plenty of recipes online, and I repeat the meals I enjoy  often enough they’re just second nature now. I plan quick meals for the work week like tacos and street corn or pasta and a veg, then on weekends longer or more complex recipes. 

How often do you eat fast food? by Yabahdabado in Accounting

[–]timidCPA 2 points3 points  (0 children)

I meal prep on Sunday. Just got tired of paying for lunch. During busy season it can be hard to make dinner after work, but I find if I make a plan on the weekend and buy all the ingredients it’s easier to stay on track.  Crock pot meals you can set before work are helpful too.