Just paid enough money for at least 3 Craigslist miatas.....

"R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet" (r-saldana)
04/14/2015 at 21:29 • Filed to: None

To the federal government.....

DISCUSSION (16)

For Sweden > R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet
04/14/2015 at 21:32

Do you even withholding bro?

Slave2anMG > For Sweden
04/14/2015 at 21:34

Doesn't matter...you're gonna pay in a big slug or get pecked to death by ducks.

Kinja'd!!!

R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet > For Sweden
04/14/2015 at 21:38

I am how you say, cannot into understandings self-employed taxation. And after the home purchase I cannot into hiring a professional this quarter. Maybe next quarter and hopefully I square it all away. Also, i guess it was more like 4 Craigslist miatas.

For Sweden > R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet
04/14/2015 at 21:39

Self...employed? That sounds like capitalist fantasy

R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet > For Sweden
04/14/2015 at 21:43

I am a consultant, but still provide at least the same quality of service that I did when I was a salaried employee.

samssun > R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet
04/14/2015 at 22:07

That's not very "progressive" of you. Here in the Gawkerverse, you should be measuring how many Craigslist Miatas the politicians were generous enough to let you keep.

R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet > samssun
04/14/2015 at 22:10

lolwut.

\genuinely rofl

\not sure if because watching Archer or this comment

\it's both that made it happen

Autofixation > R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet
04/14/2015 at 22:31

I did, just 20 minutes ago.

R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet > Autofixation
04/14/2015 at 22:33

Soul crushing right?

Autofixation > R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet
04/15/2015 at 00:47

Um, yes, considering my $2 refund.

RockThrillz89 > R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet
04/15/2015 at 14:43

Hire a CPA and keep in contact with him throughout the year. The worst thing we ever have is when clients wait until year end to update us on everything that happened in the year, then get pissy when they owe a lot of money. All we can do is shrug and say we didn't know you had an unusually profitable 2nd quarter; could have helped you if you would have told us. If they had kept in contact, that year end balance would have been a lot lower. And don't be scared of a couple billings from throughout the year; you're year end bill will probably be lower than if you didn't keep in touch. And believe me, when we get big surprises from clients, that's when the courtesy discounts stop showing up on invoices and back end write downs stop. Not to mention its easier to miss stuff when you are looking an entire year for the first time, as compared to having a bunch of notes from each quarter in the client file.

(I read below on one of your comments that you plan to hire one next quarter. That's a good idea, but seriously, stay in contact with him.)

R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet > RockThrillz89
04/15/2015 at 14:48

Do you have any recommendations on a firm to go with? I live a rather modest life and while self-employed do not necessarily have much capital to be spending right now.

For the record I live in Nashville, TN; so thankfully no state income taxes are owed only federal.

RockThrillz89 > R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet
04/15/2015 at 15:02

I'm in SC, so I don't know any TN firms to recommend. Just ask around to a couple people you know would use a CPA. A lot of times, if there are a group of people in an area that all do similar jobs, they tend to congregate at one firm. Another thing to consider, if you're in-laws, for example, go to a CPA, you can probably just use the same CPA, even if you don't live close by. I work on clients that live in Nevada, Michigan, Georgia, NYC. Granted, most of these clients came to us when they were living local, and later moved. But with today's technology, you can live across the country and never really run into any problems. We also have a couple that were recommended to us that never lived anywhere close to us.

But with what you said about your capital situation, I'd go to a place that has only one or two locations, but not a place that only has one CPA and one preparer. The firm I work at, for example, has 10 CPAs but only one office. And we do returns ranging from a couple hundred dollars, to returns that cost about $20k. Any bigger, and your going to start paying more just because they have much higher overhead, and can command a higher price. We're just across the street from a regional firm, and we often get individuals come over and they always say how much cheaper we are than that other firm, and we are more personal since we're smaller.

It's a lot to consider, but once you find a good CPA, you can stick with them for decades. Then add your CPA to speed dial number 3 (just after your mother and a good lawyer, as my cousin says).

And don't forget about the added benefits of a CPA outside of just preparing tax returns. If you ever need a big loan for your business, a lot of banks are going to ask for financial statements.

R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet > RockThrillz89
04/15/2015 at 15:12

This is very good food for thought. Whether I stay in my current industry as a consultant or go back to corporate work, I will be going to school in the next year and half and after school (GI BIll, plus 2 free years community college for TN high school graduates) I want to do 2 things:

1. Open a physical/exercise therapy clinic with strength and conditioning gym attached

and

2. open a couple Chick-Fil-A franchises

RockThrillz89 > R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet
04/15/2015 at 15:32

Franchised fast food chicken joints print money if you manage them well. Trust me, I've seen the cash 17 stores pull in (and the owner's 1040s). I'd honestly say start with the franchise, then go with the PT clinic. Franchise is going to cost more to start up, but if you manage it right, you'll be in the black in no time, and eventually hire a other people to help manage day to day operations. PT clinics don't bring in the kind of cash you would expect at first glance, but can be rewarding if you enjoy helping people.

R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet > RockThrillz89
04/15/2015 at 15:38

I want to bring the methodology of strength training as medicine fore processing mental trauma and ptsd in addition to standard physical therapy. The goal/plan is to use the GI Bill and TN community colleg programs to get my exercise science BS and most of my PT post grad paid for without going into student loan debt. And then, while still working in IT through school, hopefully have paid enough off of my mortgage to convert to a non-VA loan and use the VA loan to start my businesses.