CPA, CFP® | Accounting, Tax & Wealth Management for Law Firms, Entrepreneurs & Individuals | Straightforward, No BS Solutions | she/her

Atlanta, GA
Joined December 2014
Hot take—Continuing to say that we as accounting professionals are the problem and that we just need to plan harder and push back is like saying stay out of the way of your abuser. The bottom line is we work with a broken tax system, with antiquated 1950s deadlines and even with technology Henry Bloch couldn’t imagine we still can prepare more returns more quickly than they could with three layers of forms and carbon paper. The code is too complex, the public is not savvy, social media is more trusted than tax pros with credentials no matter what they are. Associations need to be activists for us not just continuing ed providers and social hour planners. Everyone can see this industry has problems but AICPA, NAEA, NSAcct, and NATP are all focused on selling insurance, classes and raising dues. If you want to innovate, figure out how to battle Congress and Intuit, that’s what the profession needs.
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Alicyn McLeod retweeted
Hey everyone! I almost said no when invited to teach an accounting class—I didn’t think I was qualified. Thankfully, I changed my mind! Stepping into academia has been one of the best decisions in my accounting career. I’d love to share tips on how you can start your journey in academia too! A huge thank you to CPAacademy for this opportunity. We already have 192 registrations! Join us for EMPOWERING THE NEXT GENERATION: THE IMPACT OF ADJUNCT LECTURING IN ACCOUNTING. Discover how to inspire diverse students to pursue accounting while advancing your own career. Learn about the adjunct faculty role, collaborate with faculty, engage with students, and make a lasting impact. It's happening on Thursday. Don’t miss out—register now! CPAacademy.org | EMPOWERING THE NEXT GENERATION: THE IMPACT OF ADJUNCT #accounting #education #adjunctfaculty #TaxTwitter #mentorship #careeradvancement
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"tax is seasonal" and other lies @em1beachgirl tries to tell me
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Alicyn McLeod retweeted
Last week I posted about Real Estate Professional Status But there is one other tax election you should always consider making… And I see this one missed a lot The -9 Grouping Election A 🧵 on a few aspects to consider for the -9 election
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Today we formally disengaged from a client who ✅ Is in our niche ✅ Is delightful to interact with ✅ We've helped a lot in a short time Because they wouldn't pay our fee. Live & learn, we've made adjustments to not have this situation repeat. But this was still a tough one.
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Why are some people proud of "being old school"? Why is this a badge of honor?
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What are the top 1-2 personality traits you hire for, why, and how do you identify it in pre-screenings & interviews? Our most prized trait in our team is curiosity as it covers various components of critical thinking. Still thinking through how best to suss this out pre-hire.
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The smartest thieves take things you never knew you had. A few ways people may be stealing from your business without ever touching your bank account:
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There is a special place in hell for US tax firms who hire offshore labor for full-time roles, but pay by the hour and reduce pay during the off season resulting in less than a living wage.
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Forget 400k and above 1040 audits. The non-compliance can all be traced back to entity returns. The number of 500k-2M S corps with reasonable comp and basis issues is enough to keep the service busy for the next decade.
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Replying to @DannyNelsonEA
Just no more back of the napkin anything. We want to do the work right or we don't want to do it.
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She's wrong at every turn. Not a misunderstanding or a mistake, but just wrong. The extent to which this is wrong cannot be understated.
Hey #taxtwitter, looks like I’m not paying for my wedding!
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Prospective client: We haven't filed tax returns since 2021, we still owe for 2021 but never requested an installment agreement, we can't get a passport for an upcoming trip. Also prospective client: Our current tax pro never brings us ideas.
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New favorite S Corp thing: Business operates as two-person partnership with LLC for like 10 years, elects S, two years later they want to distribute a passive asset to the owners without incurring tax. I HOPE YOU ENJOYED THE $12K OF TAX SAVINGS BECAUSE NOW YOU CAN'T!
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Kitchen Table Automations by @seattle_tax has my vote! Great pitch Ashley!
✨Saved-You-A-Sales-Call-Sunday✨ Check out these 8 apps that pitched me on their service for accounting firms 👇 1️⃣ @mercury A bank that's a AAA SAAS product, and investing big-time in the accountant channel 2️⃣ @QuickFeeUS Get paid up-front while your clients pay on installment 3️⃣ Renew Group by @renewgroupllc An accountant community that'll dig into your client list and give you actionable next-steps to improve your firm 4️⃣ Spark by @Rightworks_ ChatGPT for the accounting profession!? 5️⃣ Kitchen Table Automations by @seattle_tax Practical AI assistant training for your whole team 6️⃣ @B4Transparency With a database of over 16,000 salary submissions they'll help accountants figure out if they're getting paid fairly, and firms ensure they're setting salaries appropriately 7️⃣ Cone Proposals, billing & payments for your firm 8️⃣ @bookkeepcom Flexible e-commerce automation because e-comm accounting is 🫠 Who won this round? Anything here you'd pick up?
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Alicyn McLeod retweeted
Replying to @LoganGrafTax
the IRS should form a task force to pick up the phone
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Well, heck. I got 6,000 followers. Thank you friends, bots, and others for hanging out with me. My likes include tax simplification & education + supporting other financial professionals. Dislikes include unneeded S Corps + snickerdoodles. I'm here to connect, so if I should be following you and am not, lemme know! #taxtwitter is the best twitter
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