Andrew Oakley, CPA @AndrewOakleyCPA
Home of accounting and tax content, dad jokes, and random hot takes. oakleycpa.com Nashville, TN Joined February 2023-
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#TaxTwitter Question for after tax season. If you could only hire one, would you rather have a part time admin or part time tax preparer. For context, currently solo with no employees.
Who wants to start a riot against Betterment? #TaxTwitter
To all the accountants out there, Ask My Accountant is not a deductible expense. #TaxTwitter
Well this is bold from Intuit. #TaxTwitter accountingtoday.com/news/intuit-su…
#TaxTwitter What electronic options are recommended to file one-off W2s and Payroll Tax forms for clients?
Anyone on #TaxTwitter going to the @DrakeSoftware Update School in Atlanta? Send a 👋 if so.
I would pay good money to Microsoft if we can get them to stop autocorrecting HSA to HAS. #TaxTwitter
The 2023 Calendar for Tax Preparers.
Um. No. Just received this email from a company selling LLC filings. How many times do we have to say it? An LLC is not a tax savings strategy. #TaxTwitter
#TaxTwitter Will the IRS accept an e-signature for Form 843 for penalty abatement or does it need to be a wet signature?
#TaxTwitter Has anyone attended a Drake update school? Is it worth it? Looking at maybe attending the Atlanta event in December.
If I get one more email trying to form an ERC partnership...🤬 #TaxTwitter
Investor Friendly CPA @I_F_CPA
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@AndrewOakleyCPA LOL. The Drake fanfare is probably warranted. I did a quick unguided test run last summer and I made the decision that I couldn't make another change last year. I'm definitely adding Drake to the list to explore.
@AndrewOakleyCPA Both, admin will take a lot off your plate, status updates etc. but preparer will help capacity.
@AndrewOakleyCPA I’d go tax preparer. My thinking is that tax preparation is a capacity killer. If you can stay out in front of that aspect of your business, it makes growth easier and smoother. My firm is me and one colleague who handles bookkeeping. I do all the tax work.
TaxTwitter arriving to the scene of anyone complaining about their tax person
6 more weeks. 42 more days. 1,011 hours. 60,660 minutes. We can do this, #TaxTwitter.
You guys. After the bar, get a local burger. I highly recommend. And I kissed a boy tonight ☺️
We sent our “tax doc submission calendar” (still trying to figure out what to call this process) out on 1/31/24 and 235 out of 365 clients have picked a date and it’s just 2/4/24. So far about 20 clients have been upset with their date because they’ll have to file an extension. I…
I used to move emails from my inbox to folders when I was done taking whatever action was needed. I made the switch to using labels instead. Woooo. Labels are so much better. I can add multiple labels, rather than moving to 1 folder. So powerful. Labels > folders. 🙌🏻
20 bucks they delay the BOI reporting requirement.
@mbontrager5 What happens in year two. WHAT HAPPENS IN YEAR TWO!?
“I just realized I haven’t done my 2022 taxes yet, I’ll have everything ready for you by Friday” #nope #gonnabelate #TaxTwitter
For all my #taxtwitter friends: may the forms be already received and complete, may your software cooperate, and may your fingers be light on the keyboard!
Last October, I faced the ultimate fright – a data breach amid deadline havoc! Join me and @wifemomcpa100 to explore this chilling tale and unearth tips to shield your firm & clients from cyber ghouls! Register -> cpaacademy.org/webinars/a0D2S… Sponsored by @billcom
@AndrewOakleyCPA I think the point you made here is one that gets lost often - we are in the service business, not the deliverable business. Many accountants think if they get you the document in the end, it doesn’t matter the journey clients took to get there. Wrong.
When you think you're the only one fucking things up - remember you're not. We all make mistakes. And it sucks. But it sucks a little less to know that you're not the only fuck up in the world. So - own it, fix it and move on. I'll do the same.
Prospect with $10mm S Corp that files in 16 states...they are going to go with Bench since it will save them about $400/month. If you own a $10mm business, don't leave your finances to an online group. #taxtwitter #castwitter
This bears repeating: Our profession has a demographic problem. #RepresentationMatters