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  1. CareCPA

    What problems do you have on a daily basis?

    HOT! 
    What's the point of this thread?
  2. CareCPA

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    Property tax does not exist on a federal level. Do you have a state-specific property tax that you're concerned about? My general experience is that the threshold is high (or the exemption is high, depending on wording), and that tax is generally low. Usually property taxes target mainly real...
  3. CareCPA

    Progress Thread - End Of Shared Hosting

    EXECUTION 
    As a business owner, you lost me about two sentences in describing what you were doing. It sounds very technical and complicated, but as has been mentioned earlier, it's like a foreign language to me. It sounds like you understand that you need to sell the benefits if you're going straight to...
  4. CareCPA

    Cold emailing for service businesses

    MARKETING 
    Thanks for calling my attention to this - I'll give it a listen.
  5. CareCPA

    Google is not your friend

    MARKETING RANT 
    I think you're overestimating how much other people care about your frustration. I would be very interested to see the data when you do the experiment. Seriously. Send the email to the other agents and let us know how many of those people actually stop using Google.
  6. CareCPA

    Google is not your friend

    MARKETING RANT 
    I think your basic premise is correct - Google doesn't care about you. The reason they don't care about you? As a real-estate team, you make them very little money. This isn't a dig at you, it's a fact. You are selling a targeted product in a targeted area. Your ad spend may be a couple hundred...
  7. CareCPA

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    It's complicated (or as we like to say: it depends). The QBI deduction is not a simple deduction. At the numbers we're talking about here, the W-2 limitation is phased in. But overall, the question is: Is the [increased QBI deduction times your marginal rate] less than the [extra wages times...
  8. CareCPA

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    No. No no no. Yes, the distribution of the $75k is tax-free, but you still pay income tax on the profit in the year it is earned (in this case, presumably, the same $75k). An S Corp is still a passthrough entity, meaning any income from the S Corp still flows through to your individual tax...
  9. CareCPA

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    It would. Plus it would give you a massive amount of real property to leverage for future endeavors. Also, paying tax on fringe benefits is still cheaper than paying for those items with after-tax dollars.
  10. CareCPA

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    Sorry, had to wade back through all the crap that accumulated here to get to your post. I didn't double-check the numbers (sorry, not the time of year for me to be doing that), but I believe you have the essence correct. The trouble people run into is they elect cash basis, and as they grow...
  11. CareCPA

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    I know you're being facetious, but in case anyone reads this and thinks it's how it really works, the benefits from the corp to you would most likely be taxed as income to you.
  12. CareCPA

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    This changed substantially with the new tax law. I believe the threshold is now $25 million for cash basis.
  13. CareCPA

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    I'm highly biased, but you can get some good quality tax advice in that price range.
  14. CareCPA

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    This made me literally laugh out loud. People say stereotypes exist for a reason, and I would not argue with them in this case. HOWEVER, I've seen tax returns from some "old Italian guys" (and one old Jewish lady this year. Seriously, she was like 90) - let's just say you need to make sure...
  15. CareCPA

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    I think you'll find the answer will vary widely based on your personal circumstances. This is why you won't find a one-size-fits-all solution with a Google search, and those gurus who are selling a single solution for zero taxes are setting you up. Speak with a professional (not me, I don't do...
  16. CareCPA

    Scaling a Cleaning Service Business

    Don't be afraid to pay well for quality workers (of any nationality). Low turnover and employee reliability will go a long way towards growing your business.
  17. CareCPA

    [PROGRESS] Bekit's Progress Thread

    EXECUTION 
    I won't clutter this thread, but we've been focusing on MRR and ARR ( is that a thing? Tax returns are annual). But project work pays well and often turns into long-term work.
  18. CareCPA

    [PROGRESS] Bekit's Progress Thread

    EXECUTION 
    Coincidentally, I spoke with an accountant much more experienced than I today, and I was asking him for tips on how to price a particular project. He told me in general, whatever you want to make, price it at 4x. So if you want to make $100k a year, charge $200 an hour. I believe the reasoning...
  19. CareCPA

    [PROGRESS] Bekit's Progress Thread

    EXECUTION 
    Absolutely. Have you worked a job as a copywriter before? Do you have access to what copywriter "normally" makes? Turn that info into an hourly rate. Traditional freelance wisdom says to double that. So if a copywriter makes $40k a year, that translates to roughly $20/hour, you should charge...
  20. CareCPA

    Major Quickbooks Price Increase. Alternatives?

    This is why I think everyone should know their true profit by SKU. You could be losing money on items, even if they sell thousands a year.

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