ItDepends wrote:Speaking of "honest" calculations, it would be nice to have one that also adds and displays future social security benefit impact scenarios into the mix.
CornerstoneCPA wrote:ItDepends wrote:Speaking of "honest" calculations, it would be nice to have one that also adds and displays future social security benefit impact scenarios into the mix.
Doesn't Corvee claim to do all of this, but at asinine fees?
I agree, I've found my tax software to be the most reliable since I can also consider other factors, such as potential >2% SEHI they may not otherwise be able to deduct on Schedule A.
My biggest issue isn't providing substantial evidence to convince a client. My issue is damn lawyers, financial advisors, and incompetent tax preparers suggesting an S-Corp right off the bat with zero consideration for if they'll obtain any tax savings or not. A $60k company really doesn't benefit, and I do not suggest it until I see a company is approaching six figures net income before "non-cash" deductions.
CornerstoneCPA wrote:My biggest issue isn't providing substantial evidence to convince a client. My issue is damn lawyers, financial advisors, and incompetent tax preparers suggesting an S-Corp right off the bat with zero consideration for if they'll obtain any tax savings or not.
ItDepends wrote:Especially the ones with $150,000 day jobs already and with no chance of hiring additional employees.
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