Are any CPA firms jumping in and offering BOI prep services to clients yet?

This is how people filed their tax returns in 1920

#TaxTwitter

Is there another profession that has to constantly defend its value and pricing the way accountants have to? Remember folks, taxes are one of the biggest expenses you will pay in your lifetime. Do you really want to nickel & dime the advisor you choose to work with? #taxtwitter

Think we got fired by a client we were going to fire. I mean, I’m not upset about it. My first reaction was that it saved me an hour of drafting the letter. But it was only the access removed email from QBO so I still need to write the letter, don’t I.

Now that we’ve gotten through the tax deadline, although there’s still a lot of tax work to do - what is everyone doing with the BOI reporting?

Which accountants are preparing BOI filings for clients? What software are you using and how are you pricing it for clients? #taxtwitter #corporatetransparencyact

“I was working with an accountant that was unresponsive and didnt do a good job so id like to work with you” “Ok great for me to deliver a high quality service its 1500” “No to expensive” 😁😁😁😁😁😁

PSA: Taxes are always due by April 15th Extending doesn’t give you more time to pay. In fact, even if you pay everything by 4/15 you may still owe 8% in penalties for not making estimated tax payments. If you earn a majority of your income via 1099s or are a SMB owner you need

Say it with me now: “A tax *return* is the form I file. A tax *refund* is the money I get back.” They are different.

Current BOI/CTA status -

People will literally outsource cleaning their home for $7,500/year but then balk at paying a bit more for tax and financial planning services.

One of my pet peeves - outdated headshots. Any headshot over 10 years old should be redone.

DTM: "Hey you have an amount in miscellaneous expenses for $26,000 can you provide support about what this actually was?" Client: "Those are expenses"

‘Tis the season

A Severance spin off for Tax Pros where your Innie goes into the pain cave every day, grinds out all the work, deals with the clients, IRS inefficiencies, etc. while your Outie walks around oblivious to all the tomfoolery

Probably going to get some nasty comments for this, but.... Anyone else find it offensive when professionals advertise that they only work with High Net Wealth individuals?

The entire platform of CCH Axcess just went down, there goes all productivity.

Breaking News about the proposed tax bill: IT IS ONLY PROPOSED AND WILL CHANGE BEFORE SIGNED INTO LAW. No one really knows what the final rules will be. #TaxTwitter