James Upton III, EA @uptonaccounting
Accountant, psychologist to my clients. Tax #MAcc, AgTax & Clergy niches. Firm owner since ‘03. Laugh often, life is too short, enjoy it! #TaxTwitter uptonaccounting.com Seagrove, NC Joined October 2012-
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Sharing today to show that we all run successful firms while dealing with huge life issues. Clients don’t get that and it’s not their fault it’s ours, I’ve learned I have to push the brakes and pull back at times and it’s ok. I can’t let the firm suffer when I’m not 100%.
Cannot add a new client to QBO today so a good day to send my bookkeeper home early.
Every time I have a tax return with optional method social security or adoption credit it’s a guaranteed letter from IRS and an argument to get fixed.
I’m hoping this is true!
Good post! Discriminatory Index Function (DIF) is the red flag system. Tax returns are classified based on NAICS codes and then the line items that show up on the account transcripts are the ones that carry the most weight. That’s why some people always use 99999 as a business…
Good post! Discriminatory Index Function (DIF) is the red flag system. Tax returns are classified based on NAICS codes and then the line items that show up on the account transcripts are the ones that carry the most weight. That’s why some people always use 99999 as a business…
I’m going to say this. X should be a place #TaxTwitter can be raw, and honest. Telling people to quit whining or to change careers is just disgusting. We are here to support each other. If you are just here to brag or condescend and not support, encourage or help, then at least…
Literally no one is giving us a breather at all. This is the norm now. In the past we usually had the last two weeks of April to regroup. Now not even one day. People expect instant reactions and responses even when you set the expectations. Cut list getting longer today!
Yesterdays caller of the day: 9am C: My payment didn’t process last year, I don’t want that again send me vouchers I can print. 2pm C: Tell me how to write this check, why does it say US Treasury, it is to the IRS? 6pm C: Post office is closed but I dropped the payments in the…
Yesterdays email of the day: Hey I think accrual method will be better for my taxes since my P&L on QBO showed less profit using accrual than cash. Can you redo the taxes on accrual?? We owe like $9k when I put my K-1 into TT so I need this done today!
Done! Completed 876-1040s & 120 entity returns. Extensions filed 273-1040 and 57 entities. I’m tired but blessed, it’s been a good season! We did it! #TaxTwitter
Adam Markowitz @adammarkowitzEA
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165 Followers 316 Following Partner/ CPA. wrangler of two boys. Beach 🏖, my RV, my dogs and kids@uptonaccounting Nah, just tell them what's going on and you'll get some grace. Everybody goes through it.
@CpaMccabe @W_Holtsman @MeChrisKimbell @mountainwesttax I agree that a lot of tax pros are "do as I say, not as I do" when it comes to running a business, but if I were staff, senior, or manager, no way I want to be working for someone who has never been in the trenches
@MeChrisKimbell @mountainwesttax The right manager is one naive enough to not realize they could walk & start their own firm with all the clients following them bc that’s who the clients know, be their own boss & not have to answer to anyone AND pocket your cut. If you can find one of them, you’ll be good.
I've decided to move a niche over to Xero in entirety. It needs a very simple/non-complex GL, so it will work out well and give me an opportunity to re-learn Xero, from the days I used it in 2013/14. Intuit's practices and marketing are starting to clash with my Midwest vibe.
@uptonaccounting Oh heavens...I could have written this, darn near word-for-word, about my mother. She died in Oct 2020. Please vent as needed! There's a few of us who have been there, and at least one who's there right now.
@uptonaccounting I'm sorry you're dealing with this. It's all too common with the sandwich generation.
@uptonaccounting This is so hard, you are an honorable man for doing this. I am so fortunste that my dad was an absolute angel and it was a blessing to care for him and it dodnt last too long.
@uptonaccounting @IraGilligan @tax_birdie @bhallcpa Thank you!
I don't care how much money you make, if you can't take a day off without asking for permission—it isn't enough.
@uptonaccounting Yes. My former mother in law was like this. She lived next door. She once called me 13 times in a row while I was at work. When I finally answered thinking there must have been an accident or injury, she asked me to bring her a gallon of milk.
@LoganGrafTax I am 59 and work for a small firm. Everyone in the firm is older than me. I never work over 65 hours a week Jan to April 15th. Everyone else works less than I do. But once it is over we only work 32 hours a week.
@uptonaccounting Almost everybody has this situation in their family. Would recommend blocking her number and not taking her so seriously. She's terrible and she knows it and she will never change.
@uptonaccounting Is there anyone that your aunt respects/ will listen to? Many times someone they consider an authority figure (doctor, lawyer, pastor) is able to help them reconsider things that a family member cannot. Of course, it sounds as though this is a longstanding issue with your aunt.
@uptonaccounting Talk to her firmly and call her out on her bullshit. Tell her she made bad choices and has to live with them. You can be kind and still be firm.
I have a saying around my office that goes a little something like this: Complain about it twice, it's yours to fix. ✌️
@uptonaccounting Smart man. Most people don’t understand the need for boundaries. I’m sorry and good luck.
@uptonaccounting You're in NC!!!! Me too! You definitely know 🤣
@uptonaccounting Agreed!!
PREACH! PREACH! PREACH💯