Updated postmark rules are redefining what we think of as “on time.” This could have big implications for year-end givers and for taxpayers at tax time. forbes.com/sites/kellyphilli…

How do we start the rumor that NOT extending triggers an audit??

Higher pay will attract new talent. Better quality of life will get them to stay.

The Avg been to 8 of these places. What's your number? Me 21

Did you know...? Every tax professional knows every single law and exactly how it applies to your unique situation. PLUS (!) they can read your mind AND they're expert hackers so you don't even need to send them documents before EOY. They're contacting you to annoy you!

Taking a shot every time I have to explain the difference between a tax credit and tax deduction. #TaxTwitter Retweet your Take a Shot moment.

After the 10/15 deadline, take some time to reflect on this year and how you want it to be better next year. A couple of years ago, I decided that I want to work regular hours year round, even in Feb/Mar/Apr Sep/Oct. I don’t have seasons anymore. I have a life. You can be a tax preparer and work normal hours year round. You just have to schedule the work. You control it. Not your clients.

Men will buy a $10 wallet and use it for a decade.

I triggered the accountants - they came up for air from the Corp extension returns due yesterday. They should be happy today, taking the day off, including X :) Look, I love accountants. As a business owner I know how to read financial statements, understand numbers, their impact, and a balance sheet. Here is the deal, your fees continue to rise when technology exists/is coming that will make your job easier/faster. Pricing should reflect the changes impacting your industry. Seriously, don't be naive to think accounting isn't a front-runner for disruption. You should make your income on strategy, planning, and structures more than entering numbers into forms. Anyways - I love accountants - Happy Day afer tax retrun today.

After 18 years in this field, I think I've got a pretty good handle on certain phrases that come from potential clients. So here is my attempt at some translation. 1. Clean books 🚩 2. Reconciled 🚩 3. Standard 🚩 4. Fairly Basic 🚩 Tax client translator: 1. I DIY'd the books - All the entries have been made to somewhere on the COA. 2. I used the QBO reconcile feature to match to the bank with the entries from #1 (making it harder for the tax pro to undo.) 3. I think my returns are like my buddy's, and he only pays $$ to his "tax guy". 4. Look, I'm not really that complicated. I would do it myself but I'm busy closing deals and I want a professional set of eyes. What do you think? Accurate? What terms or phrases can you translate well #TaxTwitter?