Mike Sylvester, CPA
@FortWayneCPA
CPA specializing in small businesses & tax planning! Co-Founder of The Collaboration Room; a community of firm owners looking to grow and improve!
This pinned tweet discusses the new community I am a Co-Founder of for tax professionals, accountants and bookkeepers and my CPA firm that specializes in tax planning and small businesses with 1-20 million dollars of revenue per year. The Collaboration Room (TCR) is a community…
Things are going well in The Collaboration Room, a community where bookkeepers, accountants, and tax professionals work together to grow and improve their firms. @TCRTalks @RDriscollCPA We generally have 35-40 posts per week from various people providing advice, asking…
Door Dash and all similar Apps are too expensive for "Boomer" Mike. Except maybe 4 times during busy season...
The US and the EU have a tentative trade agreement. The devil will be in the details.
I worked a few hours today. I work most weekends... I am drifting into a schedule where I work 5-7 hours a day Monday - Friday and then 2-5 per day on the weekends. Sometimes I take a day off; however, I prefer working every day for less hours. It helps me keep my focus...…
🚩 R&D Credit Myth: “Service businesses never qualify.” Not always. 🧪 Thinking about the R&D credit for your business? Drop a comment or question below. I’ll help clarify if it’s worth exploring for your situation. 🎧 Listen to the full episode here: tax.show/2
We took a lot of family vacations to Traverse City Michigan from 1979 - 1995 and I went back a couple of times after that. This news about 11 people being stabbed at a WalMart in Traverse City, Michigan saddens me. I know nothing about the motive or the attacker. That being…
We do NOT have a second tax season at my public accounting firm. Never have, never will... I am a little behind reviewing returns; however, I will push 20 our the door in the next 7 days... Then I will be on pace... They are all in my office waiting on me... I travelled a…
We had a great partner meeting at my firm... We agreed Karena and I are going to cut more hours worked over the next four years. From 2011 - 2024 I worked (Not billed, this is hours I worked on all things billable, non billable, CPE etc) an average of 2,302 hours per year. Too…
I worked at a gas station in the late 80's. We carried a lot of oil because so many cars had leaks. We were a full service gas station and I had to clean windows, check oil, etc. for customers. An entirely different world.
Merchant Cash Advances (MCA) are a nail in the coffin of most businesses. Congress should pass laws and our government should crack down on them...
Karena has a pretty major doll collection from when she grew up. Some belong to some of her relatives who have passed. She does not want to move all of those dolls. So she is listing them online and selling them slowly... This is awesome... They are all in an old display…
There is nothing like cleaning out a home belonging to a close relative who grew up during the depression. It is a unique experience. I do not recommend it.
Based on your recent likes, retweets, and engagements, here are the top 5 accounts you interact with most: 1. DailyTaxMemes (Daily Tax Memes) 2. AccountingAsArt (Mary) 3. cordes_tax (Matthew J. Cordes, EA) 4. Blythe_MG (Max Blythe) 5. TKopelman (Thomas Kopelman)
I am NOT going to leave a mess to my kids when Karena and I pass... I am not. I have cleaned up several such messes over the years. I was going through a pile of CD's this morning. Man I listened to different kinds of music. Ozzy, Depeche Mode, The Soup Dragons, The Eagles,…
Hey @grok based on my likes, retweets and other interactions who are the 5 accounts I interact with the most? Josh put this up for his account and it was pretty interesting.
According to Vanguard the number of Americans pull money out of retirement accounts is slowly growing each year. Pre Covid about 2% of people did it. Then the numbers started growing. Last year 4.8% of people did it per a Vanguard study. There are reasons to pull that money…