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The Tax Hero
9.9K posts

The Tax Hero
@CPASuperHero
Accounting is not boring. Tweets are not tax advice.
Chicago, IL Katılım Haziran 2020
942 Takip Edilen1.3K Takipçiler

This is craaazzy.
I uploaded my bank statements to Claude Opus 4.6. It reviewed a full year of transactions, separated income from expenses, and categorized everything.
Twenty minutes later, the bookkeeping was finished.
Roughly $11,000 in accounting work handled in one sitting.
Here’s the exact prompt I used 👇
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@dvassallo If they weren't creating value for you, that's their problem.
The answer, as a CPA. is to leverage AI , focusing on true client value (you pay me "X", but I save you "Y"), and not waste time on mundane tasks (and inherently neglecting the value to the client).
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Every account with CPA in their handle is getting triggered by this.
Daniel Vassallo@dvassallo
Fired my accountant. Claude Code is doing my taxes this year.
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I'm so excited to share that we are acquiring the financial services app, @step
Nobody taught me about investing, building credit, or managing money when I was growing up. That's exactly why we’re joining forces with Step! I want to give millions of young people the financial foundation I never had. Lots to share soon :D
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@PLBompard Making Taxes Easy to Understand
taxheroconsulting.com
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@jakobjelling Making accounting easier to understand
taxheroconsulting.com
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@jan_dekkers What about credit spreads / options with different strikes and exp for an underlying ETF (QQQ, SPY)?
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Today is the last day to sell losing positions for tax-loss harvesting.
To keep the loss valid, remember the wash-sale rule:
🚫 Do not repurchase the same or “substantially identical” security for 30 days
🚫 This includes options (calls, puts, LEAPS, and deep-ITM contracts)
🚫 Applies to all accounts you control (taxable, IRA, spouse’s account if coordinated)
Safe timeline:
Day 0: Sell the loser
Days 1–30: Stay completely out
Day 31: You’re clear to re-enter
Common traps to avoid:
Buying calls after selling shares ❌
Rolling into LEAPS ❌
Re-buying in a different account ❌
Workarounds (if you want market exposure):
Buy a similar but not identical stock or ETF
Use a sector ETF instead of the same name
Wait the full 31 days and re-enter cleanly
Clean losses now = lower tax bill later.
Don’t let a wash sale ruin it at the finish line
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10 businesses that will survive any recession:
1. Vending machines and micromarkets — people always need convenience
2. Laundromats — clothes always need washing
3. HVAC services — heat and AC aren't optional
4. Waste management — trash doesn't stop
5. Childcare — parents always need help
6. Funeral services — unfortunately recession-proof
7. Plumbing — pipes break in any economy
8. Pest control — bugs don't care about the stock market
9. Commercial cleaning — businesses need clean spaces
10. Self-storage — people accumulate stuff no matter what
When everyone's chasing the next hot thing, boring keeps paying.
Recession-proof beats trendy every time.
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Dear X algorithm…
Bring me founders who are:
- trying new and interesting things
- actively marketing their business
- using AI but not consumed by it
- not into ‘get rich quick’ schemes
- good writers and/or good thinkers
- building a SaaS or agency
I’d like to connect and follow more of these folks. If that’s you, leave a comment!
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Pick any one number from 1–50 to win a $100,000 Instant Account!
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🏆3 numbers are hidden with a special gift for you !
Winners will be DM’d within 48hrs 👀
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@s_chiriac Building a platform to make accounting fun:
taxheroconsulting.com
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