Is your accountant working for you or the IRS? How can you tell if you don’t know the tax code? Here are 3 signs to determine if your CPA or tax pro is working for YOU or working for the IRS.

CPA asks ChatGPT for tax advice 👇

People who have built a successful business who then have that business collapse, whether because of markets shifting or whatever… Usually end up getting back to having a successful business after starting over. Because they’ve built the mindset, skills, knowledge of how to

If you manage people, then your weekly one on one with them should not be about micromanaging their tasks, unless they are performing poorly. If you’re managing great people, that weekly meeting is their time. Their time to ask questions, and to get mentorship and leadership

Aspiring accountants: It’s not “Big 4 or Bust” when you start your career. Yes, there can be value in getting that big name on your resume. And the skills you learn are deep but narrow. There is also huge value in working for a small firm where you see their messy books, speak

One of the best lessons I’ve learned over my career that has helped me both accelerate my income and elevate my identity: Get in rooms with people who are more successful than me, and to know exactly how to do what I want to learn how to do. Put another way, as my partner Tony

When you make time to travel and create memories with your spouse, your kids, or anyone else who matters to you…that is an investment that has a massive ROI. It may not show up on your net worth statement, but it’s one of the most important investments you can make if you want

Tax planning is how you win 🥇

Overpaying taxes is painful in just about any language.

Moving expenses if you move for personal reasons or for a w2 job are no longer deductible. But moving to relocate your business or open a new location? The costs to scout the new spot, plus all moving costs, are a full write off.

One of the most expensive mistakes I see young entrepreneurs (in experience, not age) make is this: Waiting too long to hire their first employee. It’s scary, but hiring an employee to low-value work off your plate frees you up to invest your time where it matters most.

🚨‼️The 2024 S Corp and Partnership extension is just 3 weeks away! ‼️🚨 If you haven’t filed your business returns for last year’s income yet, make sure you get that done ASAP to avoid steep late filing penalties.

A client showing me his plan to get out of taxes by hiring his dog and hiding money overseas

Let’s clear up a big public accounting myth today, shall we? That myth: Coming out of college, it’s BIG 4 or BUST to have a good start to a career in public accounting. While there is certainly a benefit to getting one of those big names on your resume, there is plenty of

Follow me @tylermcbroomcpa for more updates on tax laws and tax tips just like the ones in this thread! Share this thread with anyone who may benefit from these new laws!

TRUMP ACCOUNTS (Get $250k For Having a Baby in The Next 3 Years🤯)

TAX FREE PERSONAL AUTO LOANS👇

NO TAX ON OVERTIME👇

NO TAX ON TIPS👇

Here are 4 new tax laws in Trump’s “Big, Beautiful Bill” that expire in 2028🧵👇

Can you lease a car and automatically write off the full value of the lease no matter what? Watch this video where I break down how business vehicle leases ACTUALLY work.