Helping our clients sleep better at night with stress-free virtual accounting, bookkeeping, and tax help across the US! Did you want to keep more of your money?
USA
Joined June 2017
- Tweets218
- Following204
- Followers32
- Likes505
Where can we find these $5 meals, Jeffrey speaks of?
Wendy’s just announced it’s closing hundreds of U.S. stores.
McDonald’s CEO says the same thing: traffic is collapsing.
That’s not about burgers, it’s about the economy.
When people can’t even afford a $5 meal, it means the consumer engine that drives everything is stalling.
We just put together a free guide breaking down the real signals behind this slowdown,
what “under-demand” really means, how it ties into the flat beverage curve,
and how to protect your wealth before it hits your income.
Download the guide here
web.eurodollar-university.co…
The IRS will still be taxing you for the extra space whether it's used or not.
This quoted post is unavailable.
Taxes will never go down.
Spending will never stop.
Anyone who tries will become an enemy of the state.
We help clients pay as little as possible and not a penny more.
No civilization in all of history has taxed its way to prosperity.
Norway's wealth tax increase, expected to raise $146M, led to a $448M net loss as $54B in wealth left the country, reducing tax revenue by $594M.
citizenx.com/insights/norway…
I think what he means is "Government interference in capitalism isn't working".
Peter Thiel today:
“Boomers are strangely uncurious about how the world is not really working for their kids. It’s always hard to know how much bad faith there is or how bad the actors are. I think it’s odd that people thought it was odd that I was complaining about student debt in 2010, when even then the growth in student debt was an exponential process. The national student debt was $300 billion in 2000, and it’s now more than $2 trillion. At some point, that breaks…
If all you can say is that Mamdani is a jihadist, communist, ridiculous young person, what that sounds like to me is that you still don’t have any idea what to do about housing or student debt. If that’s the best you can do, you are going to keep losing.”
If you're feeling desperate to be "first" at something. Try this one!
IRS Direct File program only accepted 12 states in it's first year and 25 states in it's 2nd year. The total returns processed in 2024, were 296,531 returns. <0.2% of 150 million returns.
The IRS built it at a whopping cost of $110 million.
That's $250 taxpayer cost per return.
IRS Direct File program only accepted 12 states in it's first year and 25 states in it's 2nd year. The total returns processed in 2024, were 296,531 returns. <0.2% of 150 million returns.
The IRS built it at a whopping cost of $110 million.
That's $250 taxpayer cost per return.
Prayers to all the family's who lost loved ones in the tragedy of 9/11 that happened today 24 years ago...
I hope we can all find it in our hearts to remember everyone who fought to save people and to honor the ones who have fallen during the tragedy.
POV: You spent 6 hours on tax deductions manually 😵💫
Our AI finds $40K+ in savings in 30 seconds.
Stop the torture. Try our free Tax Calculator.
Don't be this guy ⬆️
todaycfo.com/taxsavingscalc
#TaxPlanning #SmallBusiness
Your CPA isn't lazy. They're just not incentivized to spend hours finding every deduction you qualify for.
Result? You overpay $40K+ annually while legitimate write-offs go unclaimed.
Our AI does what most accountants don't have time for - finds every deduction you're missing.
ALT Our Tax Planning calculator is in this link check it out! https://todaycfo.com/taxsavingscalc
Sounds slick, but it's fake and the math just doesn't math.
The $500,000 depreciation loss from the real estate investment is passive income and cannot be deducted against your active income (wages) due to passive activity loss limitations.
Result: Surprise HIGH tax bill!
Young couple. Mid 30s. Mom & Dad each earn $250,000. Living in NYC.
$500,000 total income.
37% federal tax rate. 13% New York + New York City rate.
$250,000 in taxes every single year.
How do they fix this fucking mess?
They buy a $1.6M commercial real estate deal.
$3.2M Property (8% Cap Rate)
$2.4M Debt (7% Interest Rate)
$800K Equity
$260K NOI
$10K Debt Service
$90K Free Cash Flow
But that’s not what matters.
What matters is that on a $3.2M property, they can run a cost segregation analysis, and then take bonus depreciation, and then take ~$500,000 in depreciation in year 1 against their property.
And then, their taxable income goes from $500,000 to $0.
At 53% tax rate, they save $265,000 in income tax from owning this property.
On top of the fact that it netted them $90,000 in free cash flow.
And another $90,000 in property appreciation.
$445,000 return on a $800,000 investment.
55% return on their money in year 1.
If you’re a high earner, you *need* to own real estate.
It’s not optional.
Messy Books + Taxes = You Pay More Than You Owe! #ConstructionBusiness#YearEndAccounting#TaxPlanning#Bookkeeping#ConstructionIndustry#SmallBusiness#ConstructionAccounting#Contractors#Subcontractors#ConstructionFinance teapawt.org/i/broadcasts/1LyxBgjQp…
Incredible generosity from @Starlink ! We're an accounting firm, so let's run the numbers!
Starlink units are $599 each, which means Starlink is donating $599,000 worth of hardware!
PLUS the additional service of about $120/mo, or $120,000/mo!
That's an initial donation of $719,000 the first month and $120k/mo going forward.
Incredible act of support and humanitarian aid!
Given the terrible flooding in Rio Grande do Sul, @Starlink will donate 1000 terminals to emergency responders and make usage for all terminals in the region free until the region has recovered.
I hope the best for the people of Brazil.
A little Monday note for y'all 💙
How was your weekend, entrepreneurs? ⤵
#TaxPlanning #Accounting #eCommerce
