I help Home Services entrepreneurs with their businesses' tax & accounting functions. HVAC, plumbing, pest control, landscaping & more. Southwest FloridaJoined December 2022
Most business partnerships should worry as much about their operating agreement as they do “tax loopholes.” Not having a sound operating agreement is a time bomb.
Hey @RobinRoofer I am looking for some resource recommendations on roofing business financials. I am sure it's varied by region/type etc. but is there any direction you could point me in to learn more? Appreciate your insight!
What % of the CPA shortage do you think can be explained by the US being in a 15 year bull market (i.e. job security has a decreased bearing on career choice)
Has anyone found a good way to clear out owner distributions YTY in QBO that doesn't cause the CF statement to show two offsetting lines in the financing activities section?
My favorite tech addition this year has been the remarkable 2 tablet. I prefer writing a lot of notes and marking up financials, now I have all my drafts and notes electronically. Big fan.
S-Corp owner wants to pay the projected income tax of business profits through extra withholding on their paycheck instead of quarterly payment. I don't see why this would be an issue but have never seen it, and would love other’s thoughts.
Hiring a good bookkeeper will save you 100s of thousands of dollars long term:
- you'll be more profitable
- you'll have more strategic insights
- you'll sell for more $$
Make that asymmetric investment
When you buy multiple companies and make decisions on the fly. It helps to be able to quickly model out in your head what the MOIC and IRR is for investments.
Here is a printout that I have memorized a few so I can quickly model things in my head.
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Lower middle market PE background, Wharton MBA, Brazilian.
Family guy - wife, kid, and a dog.
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– President George Washington, 1783
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🕯 The map is mostly water.
🌜 I make GoJS: https://t.co/7yYIMFfAtd
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👉 US & International Tax Planning & Returns, IRS Resolution & Accounting
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