Sabitlenmiş Tweet
Helping business owners grow. 📈
We do:
- Bookkeeping/Advisory🧑💼
- Financial Reports that actually help you increase profits 💸
- Tax Management to simplify business taxes and suggest strategies for savings 💰
English
J. Shoff • Business Accountant
15.5K posts
J. Shoff • Business Accountant
@JonathanShoff
Founder of Shoff Accounting | Helping business owners make more money by clarifying their financial and tax situation
Let's Chat ➜ Katılım Aralık 2018
1.1K Takip Edilen1.9K Takipçiler
Been trying the whole “2g of creatine for every 1 lb of body weight” thing for a month now and I’ve never felt worse. How do you guys do it. It’s also like $1000 a week of creatine.
English
@Leo_Traydes It's probably hard for the average person to get their hands on an extra one hundred thousand dollars at the age.
Most are in college in that season of life earning zero income.
English
You can put $100,000 into $VOO at the ripe age of 20 and do nothing for 45 years and retire with 7 million dollars
Why aren’t more people doing this?
English
@sflorimm @Jacoob_shi Absolutely, we already all have AI in our pocket right now. Best to learn how to leverage it.
English
@Jacoob_shi "you won't always have a calculator in your pocket" aged terribly, this will too
English
Schools ban AI so students don’t cheat.
Employers demand AI so workers don’t fall behind.
We are actively punishing 15-year-olds for using the exact tools they need to master to be employable at 22.
How long until the traditional education system collapses completely?
English
Back in the day I tried to run display ads on Yahoo Finance.
I've never got the thumbs up. All good as I didn't need it.
I wonder how it would have went if I i've got the green light and tried it out.
Probably not as good as how well Google PPC search ads went for me if I had to guess.
English
Chased the Yahoo Finance distribution deal for years.
Got told no repeatedly. Then their management team turned over.
New team said yes.
A lot of distribution partnerships come down to whether the right person on their side is in the seat. Often the answer is just: wait them out.
English
@contractorkeith Also, I'd try newsletters as well. I think if they're well done you can generate some good profits and make something sellable.
English
@contractorkeith Yep! I try for affiliate marketing and add arbitrage. Maybe also dabble in some online saas/games.
English
Scenario: Something happens to you that immobilizes you as far as working or running a business outside of your home.
You’re not a software engineer, a CPA, or have any other professional degree.
What’s your move to build revenue?
English
At the Verizon store to upgrade my phone, wish me luck!
English
@clarityx Thank you, those prayers are appreciated! 🙏
English
@JonathanShoff I’m sure yall will go with it if it’s best for you in the long term & viable in the short term!
praying for the best outcome for you
English
i never get tired of my living room looking like this
English
Taking a look around…people driving everywhere. Stores packed. Restaurants crowded. Boats being rented. Starbucks drive-through line wrapped around the damn building.
But yet, everything is expensive, economy is crap, and nobody can get ahead?
X isn’t reality. Touch grass.
English
@clarityx Awesome! We want a playroom for our boys as well. My wife and I just went to an open house that would solve this for us but it's pricey...
English
@JonathanShoff Yeaaaa this is certainly our near future. Ideally, we will make him his own play room
English
Don't trust AI's outputs, verify them before moving forward with the stated results.
Paul Mit@pmitu
“That’s what ChatGPT told me” Humanity is entering an era of a lack of critical thinking on a terrifying scale
English
I agree. Probably the pros highly outweigh the cons. One drawback that I have seen is after founder stays out of the game for about 5 years their industry has changed a good bit and they can struggle with the learning curve that comes with all the changes. Rarely are they jumping back into the same game they left.
English
@JonathanShoff Probably some drawback somewhere, but it’s hard to see the negatives outweighing the positives.
English
Best oil change biz in our city sold out 4 years ago. Incredible service.
Price jumped from $69 up to $112.
Same car. Same location. Terrible service.
Non-compete expired last year.
Previous owner started same shop again. Right by our house.
Price went from $120 down to $70. Same incredible service as before.
Is this common?
Build a great biz, sell, expiring non-compete, build the same great biz.
English
@collin_ruth89 If my wife and I wanted to move somewhere internationally to retire once we're empty nesters, where should we move to?
English
Something I don’t miss about being in the US:
Obligatory 20% tips at restaurants.
This doesn’t exist in the rest of the world.
How did US restauranteurs convince customers to cover their payroll.
Makes no sense.
English
Well it looks like this post is getting some traction. Follow me here for likely similar posts. I help business owners doing $250K to $15M+ in revenue stop overpaying in taxes.
If you want a tax plan that actually saves you money, let's chat:
calendly.com/shoffaccountin…
English
My firm has corrected two returns for two different people this year in which AI made huge mistakes on preparing their returns.
Luckily neither of these folks went as far as to e-file their incorrect returns, they came to us wanting a second opinion. I'm glad they did!
One of those situations would have had the taxpayer owing nearly six figures more than they were legally obligated to pay.
If your return has complexity, hire a tax professional to take care of it, the tax pro's fee is well worth it.
Need help navigating business taxes? That's our specialty! Reach out and let's get you on track for optimal tax management.
English
@collin_ruth89 Thank you! If you own a business, rental properties, have multi-state income, or receive complex K-1s, best to hire a tax pro!
English
One was a local referral, the other one was a business networking referral from someone I know across the country.
Both were unsatisfied with their own attempts of navigating tax prep which led them to seek out a tax pro.
The one that owed a lot more than they should have paid was definitely highly motivated to get a tax pro.
English
@JonathanShoff That's wild. What made them come to you? Did they catch or find the mistake?
English
Pros and cons to each.
Commercial real estate usually has higher income, but it's riskier, requires more operating wisdom, know how, and skill. Commercial real estate also has higher barriers to entry.
Single family rental homes can give good gains and yields when purchased in the optimal areas and when they have the proper rental structure in their leases (rent bumps is key to maintaining good results). While their income/gains/yields may not be as much as commercial real estate, single family homes can be much easier to offload and sell if needed. They're also easier to run and easier to delegate to a property management company.
StripMallGuy@realEstateTrent
A message to the people who buy single-family homes as investment property:
English