Chris Elmore, CPA

Looking for a CPA, tax attorney, or experienced tax pro to provide an independent, written opinion on a partnership classification issue for a client. Must be independent from my firm/client & have deep partnership tax expertise. DM if interested or can recommend someone.Thanks!

Okay people - IT'S TIME! #FridayWins - NO WIN TOO SMALL!!! - I figured out the workpapers for a client! (Did I also do those same wps last year? Of course I did...) - I've gotten returns out the door!! - We have snacks in the office!!

It's time!! #FridayWins! NO WIN TOO SMALL!!! We're cruisin' people - whatcha got?! - There are more good things than ugly things on our keeping track of the season charts! - Good conversations with clients! - Sun is shining!

It's time!!! #FridayWins!! NO WIN TOO SMALL!!! Let's see whatcha got people!! - I had coffee with a friend this week! - My emotional support baby will be in the office today!! - I got returns out the door and billed!!!

Looking for referrals to an EA or CPA with deep partnership tax experience in UGC game development (UEFN, Roblox, similar). Bonus for international partnership and ECI expertise. Client wants consult to assess partnership status based on facts. Thank you.

Any tax pros working with clients who earn from user-generated content (UGC) like Roblox, Fortnite, etc.? I’d love to connect, swap insights, and explore ways we can add value for each other.

First time I took my dog into the office. I was telling him about taxes and fell asleep.

Children these days have caviar taste. I told mine they better have a caviar work ethic.

@AccountingAsArt @mountainwesttax 💯

the only way to alleviate the anxiety is to complete the tasks :(

@BrianDavisTax @uptonaccounting You just said what I was thinking, almost verbatim.

@uptonaccounting how did you price that? when he came to you how did you come up with $24k? i do a pretty good job of pricing $1500 to $3500 engagements, but the bigger ones i struggle with.

Just completed a $24,000 tax return. What a weight lifted!

I will discuss tax legislation as it moves towards passage, but I'm surprised at the number of education providers offering classes on a bill that is not law and likely to have significant changes. It's too soon. Let's learn it formally when it is LAW.

My child told me they need a break. From what? The soft life I personally curated for you? 🙄 #GenAlpha

Three of her 2nd grade classmates have their ears pierced, and apparently there’s some law that says she has to get hers pierced too, so we’re spending Friday evening at Claire’s. #GirlDad

It's time!!! #FridayWins!! NO WIN TOO SMALL!!! Whatcha got folks?!?! - I had two very productive meetings with clients this week! - I finished 5 returns yesterday! - Once again - I do NOT have to work this weekend!

Totally camouflaged. We can’t even see her!

The last couple of years we finally (after owning our firm for 14 years) have time to work “on” our business! 🙌🏻. This is why (and I definitely learned this the hard way): 1)we weren’t billing enough. At one point we had approx 1500 clients, and we honestly weren’t making much money, and we were working insane hours, with no vacation for several years. After a peaceful breakup with our third partner the beginning of 2020, we had about 1,000 clients. From 2021 to 2024, we let go of approx 500 clients and increased our fees (our fees are about double what they were 4 years ago). We had 6 team members then, and we have 4 1/2 now, and our income has increased substantially, and we’re able to pay our employees more. RAISE YOUR FEES! If you lose some clients, you’ll probably still make more money or break even, and have more time. And that leaves room for better clients. 2) We’re doing 3-tiered fee proposals for all new clients. One of the best things about this is, clients know exactly what is covered in their fee, so no more scope creep. 3) We’re so picky about new clients. Prospects complete a form on our website, then we decide if we want to have a discovery meeting. 9 times out of 10, we decide NOT to have a discovery meeting. If they aren’t going to be a fit with how we run our business, it will throw of our processes, and the machine won’t work as well. We don’t want to waste their time or our time if they aren’t a fit. 4) Workflow control. Scheduling tax prep has been the biggest game changer. Night and day. We now have a manageable number of tax returns to prepare each week and more time to visit with clients about their return when necessary. I love my job again. 😊

@howard_knudsen @TomMullooly

@TomMullooly The dropoff clients are the least profitable, primarily comprised of retired taxpayers who pay less already, but typically want more services. It's a bad fit.

Canceled the month-to-month on my Regus virtual office lease. It became a magnet for people to dropoff paper documents, resulting in less efficiency. All the my best clients have never been to the office or even met me in person. The paper dropoff clients are the least profitable. #taxtwitter

@EthanTerrellTax @FortWayneCPA Pay them well or someone else will.

@FortWayneCPA Same for our firm Mike. No outsource and we retain good employees by paying extremely well.

We had a partner meeting today at my firm. We agreed that we are just not going to outsource ANY labor overseas. We never have and we just do not think we ever will. It just does not work for us. We pay better and have better benefits than other firms in are area and our staff work less. This means we can hire and retain a good team. This is a winning model for my firm... Yes, the partners would make more money if we outsourced; however, we prefer to support our community by hiring people in our community. Note I am not bashing those who outsource; instead I am pointing out there is another way. @going_concern @AICPA