Michael Sicuranza, CPA, CFP(R)

One of my favorite alt-history books are the “What if” series. Essentially, historians map out alternative histories and what could have been the result. Example, what if Greece had lost to the Persians? I answer the what ifs for clients and employees everyday. What if I want to retire early? What if I want to spend more? What if I want to sell my business? What if I get sick? What if inflation is higher than expected? You get the idea.

@RyanDetrick Totally agree 2013!

When do secular bull markets start? I say on the breakout, meaning April 2013 (or Oct '80) not March 2009 (or Aug '82). What do you think? This seems to really get people fired up. 🐂 🐻

Things not on my accounting bing card - reviewing another firms work and 1. net income on the P&L and balance sheet don't match 2. contractors placed on the Schedule C as employees 3. No accruals for retirement plan contributions. Even a dumbdumb like me know this is wrong.

Sitting in the @Walgreens for 45 minutes waiting for my prescriptions. I don’t usually mind waiting but when the only pharmacist at work is talking to her friend for the entire time without working is just infuriating. I now know her entire life story.

@bryanhasling @wealthMAinsider We send lunch, breakfast or dinner. Our CPAs appreciate it.

@wealthMAinsider I assumed they thought we were annoying. But it’s the thought that counts! (Mostly)

to my tax pro pals this week - when local wealth mgmt firms send you cookies and donuts and junk food to help you power thru 4/15 do you..... like it?

Diversify your assets by type, class, tax not by advisor. Example - Husband dies - assets are everywhere... some with main advisor, some with retail brokerage firm. Many accounts, no coordination, retail completely incompetent to handle a death case, paper flying everywhere. Grieving widow gets quickly overwhelmed and angry. Instead of handling her health and family, she now spends most of her time trying to figure out what is going on. Advisors - take control. Clients - consolidate. Attorneys and CPAs - collaborate.

@TawohAwa Aren’t you concerned about putting personal information into an open model?

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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 👇

@andreacpa0 I had someone this week ask me to "ballpark" the expenses for his business. Can you imagine?

"cant you just use last year's w-2" i hate it here

@RyanDetrick I had a client call me exactly at the bottom of 666 begging to go to cash. Crazy times.

17 years ago today it really felt like everything was going to fall apart. If you where there, you remember. Each Friday, people were getting fired left and right. Huge companies were trading at $1 and $0 across the board felt possible. Then stocks gained for the next 11 years.

@AdviserCounsel Are you Safe Harbor NE or Match? In addition, alot of this depends upon how you classify your employee groups. Singular or in big groupings? My recommendation is get some plan design done by a TPA. Much better than going through a bundled program for SBOs. email me 4 a name

@MSicuranza With employees…

This is going to be a long shot, but does anyone have any helpful profit sharing contribution calculators/spreadsheets/chatbots?

@AdviserCounsel @ricedelman Actually I don’t inEMH at all but I do believe in Supply and Demand, relative strength and trend following.

@MSicuranza @ricedelman Sure, if you believe in the purely efficient market and absence of manipulation and fraud.

Strong evidence that bitcoin is near a market bottom? Two crypto influencers have just announced that they see bitcoin falling to 30,000. Seems to me that these guys are not aware of catastrophisizng bias. #bitcoin #crypto #ETF

@AdviserCounsel @ricedelman Max - the market ALWAYS dictates price. Stock, bond, crypto. Price is truth.

@ricedelman This is the problem with investing in commodities. No one has any clue. Not the influencers. Not me. Not you. We can say what we want, but the market will dictate the price. And that makes it a really difficult asset to plan around, predict, or hold in concentration.

@awealthofcs Bigger the base.......

This looks like a totally normal chart

@PeterLBrandt Young guy. I’m an old guy

@PeterLBrandt I’m not a guy but bull flag to me.

What is the name of this chart pattern? Is it valid? Why or why not? OK, all you young gun smarty-pants — what say you?

Only Sith talk in absolutes.....Everyone should buy a house. No one should buy a house. 401ks are bad. 401ks are great. Real Estate is the only investment. Never invest in Real Estate. Life is nuanced and so should your financial planning. Don't listen to the dumb-dumbs (technical term) that tell you otherwise.

So tired of the dumb. Dumb comments, dumb advice and dumb people who give said advice. I want less dumb in my life.

With tax season about to start, you would think that @Wolters_Kluwer would not charge to see the updates to the software. Already paying a small fortune. You would think that they would want us to be more efficient.