Tyler Hern @T_Hernn
In love with the journey. Here to help. Business owner & CPA tkhaccountingservices.com Wyoming, MI Joined August 2011-
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So the SALT cap is set to expire in 2026. And this will do nothing but give a tax cut to the people who do not need it. The Biden administration says they support letting TCJA sunset 👀👀 #TaxTwitter
So the senate just passed the bill to ban TikTok. Now, in what world is banning a social media app “American”? #TikTokBan
A wise marketer once said: "Why waste time say lot word when few word do trick?"
List of billionaire investors: 1. Warren Buffett 2. Charlie Munger 3. Howard Marks 4. Stanley Druckenmiller 5. Bill Ackman List of billionaire day-traders: 1.......... 2.......... 3.......... 4.......... 5..........
Bitcoin under $60,000... Haven't heard much from the crypto bros in a couple weeks...
It took over 10 years of filing fraudulent tax returns to take down a crooked tax preparer. That's over $100 million dollars in taxes that should have been paid by the work of one guy. This is probably more common than you think.
#Taxtwitter I had a potential client call this past week. We were going to extend, and then i get a text this morning saying “i found a firm who can fit me in”… who? WHO!!???
#TaxTwitter The state of Illinois flow thru entity election is to simple. All other states should take notes!!
#TaxTwitter Tis the season for pissing people off #cheers
#TaxTwitter Employee has W2 job from NYC based company. Employee moved to new jersey and no longer works within state lines. So wages are no longer subject to NY tax. Right?
#TaxTwitter A client emailed me and said some other company called him and told him that they may qualify for the “self employed tax credit”… uhm.. the what?
I was born in ‘96, so when i was 4-5, Y2K. Then 9/11. Then 2008. Then we gotta break until 2020. So, you tell me ? 😅
I was born in ‘96, so when i was 4-5, Y2K. Then 9/11. Then 2008. Then we gotta break until 2020. So, you tell me ? 😅
Is your income important? Sure. But whats more important?? Savings!
Is your income important? Sure. But whats more important?? Savings!
#TaxTwitter Reviewing new clients PY return, s corp, distributions, no W2. After speaking with CL, they bought farm land and facility for $2m. Reviewing PY returns fixed assets, no land, all 2mil is depreciating…. Lord please help that other CPA..
Lol. But how does $400k in profits, 200k in distributions w/ no W2 sound? Better or worse? I saw this on a new clients return recently
Lol. But how does $400k in profits, 200k in distributions w/ no W2 sound? Better or worse? I saw this on a new clients return recently
#TaxTwitter Have you ever seen a new client pay a prior pro $5k for tax planning. And then, they come to you to prepare the return (u need to extend it) so u ask, do u expect to o tax? They say no. Then u get around to preparing the return and they owe 30k? Ouch
#TaxTwitter “Can u tell us a breakdown of our final numbers?” Yes, i uploaded a summary sheet highlighting key things on your return. *Sends form 8879* “so if im reading this right, i owe $x?” … did u read the summary sheet??
#TaxTwitter How many of you on here prepare private foundation returns.??
Quitting is the loser's way out of a problem.
#TaxTwitter Unscheduled phone calls will be the death of you. Idc if its your highest paying client.. why are you discriminating..?
Brian Streig, CPA @cbriancpa
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There are only four ways to generate wealth: earn it, marry it, inherit it or steal it. I don't recommend the latter.
No stress. No alarm clock. No meetings or emails. No day-to-day responsibilities. Full control over what to do daily. You can do as much (or as little) as you want for a month (or longer). Tell me why you're not planning your 1st Mini-Retirement?
Most government programs are inefficient and waste billions. The one that doesn’t exist and could fix a lot of problems is nationalized daycare. I don’t like government intervention but, make daycare free and accessible to everyone. Productivity will increase and more people…
The one thing you'll never regret...taking the first step.
going to start a business? don’t talk about it. going to start hitting the gym? don’t talk about it. going to start learning a skill? don’t talk about it. learn to keep your goals private until the results are public.
Sometimes you need to risk it all for a dream only you can see.
Eventually you’ll have to choose between pleasure and success.
A wise marketer once said: "Why waste time say lot word when few word do trick?"
The cost to complete a #Bitcoin transaction is now $128 and it takes a half hour to process. This is another reason why Bitcoin can't function as a digital currency. The cost to actually use Bitcoin as a currency is prohibitively high for almost all transactions. It's a failure.
@FinanceLancelot There is a man somewhere funding all of this
Interest rates aren’t that high. We just got spoiled from 2008-2022