Corrie McConnell

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Corrie McConnell

Corrie McConnell

@McConnellCorrie

Husband | Girl Dad | CPA/PFS | Tax Geek | Principal at https://t.co/HZuraWT4W2

Lebanon, IN Katılım Ekim 2013
251 Takip Edilen80 Takipçiler
Craig Hausz, CPA
Craig Hausz, CPA@CPATaxTeam·
Huge shoutout to @intuit for bringing in a national firm competitor to pitch to our client on how they can make our client's life better. We're the highest level of firm for Intuit and they brought in Aprio who starts talking about their CAS offerings. Thanks Intuit!
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Fried Egg Golf
Fried Egg Golf@fried_egg_golf·
Our team has visited a handful of courses in the Hoosier State. Where should we go next in Indiana?
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Donald Tusk
Donald Tusk@donaldtusk·
The war in the Middle East continues and chaos is spreading. Oil prices are going up. Washington may lift sanctions on Russian oil. Who is the real winner here?
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Corrie McConnell retweetledi
RS Archer
RS Archer@archer_rs·
Formula 1 needs to stop damaging the racing and the experience with the stupid hybrid policy. Get back to big screaming 3 litre V10s
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UmarAi
UmarAi@Umar__786Ai·
99.9% will fail..!! Tell me the number that is bigger than this..??
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Mitchell Baldridge
Mitchell Baldridge@baldridgecpa·
Unpopular opinion: Maxing your Solo 401k can be a terrible idea for solopreneur S-corp owners. A prospect client last year. Runs his own practice. 42 years old. He’s opening a new location. Buying equipment. Building out an office. Hiring staff. He needs cash. Instead he was locking up every dollar he could into retirement accounts. He was paying himself $200k. He really needed to pay himself $100K. The extra $100K? Just to max out his 401k. “Maxing out your 401k is free money, right??” It gets better. He put his wife on payroll at $150K as well. His wife already has a $200K corporate job. Her own 401k. Her own benefits. She doesn’t need his salary. She doesn’t need his 401k. He was paying $150K in extra payroll. And $5K in extra payroll taxes. Just to create a 401k for her. I ran the numbers side by side. His plan: $350K combined salary. $97K to 401k. $30K in payroll taxes. $126K cash out the door. My proposal: $150K salary for him. None for her. $53K to his 401k. $14K in payroll taxes. $67K cash out the door. He was going to lock up an extra $60K for 17 years to save $7K in taxes. “But I’m in the 37% bracket!” You’re not saving at 37%. You’re saving at 11%. The payroll taxes to create the contribution eat the rest. That’s terrible Return on Hassle. Meanwhile he’s going to get bonus depreciation on every dollar he spends on his new practice. A 401k isn’t free. You have to PAY the salary to CREATE the contribution space. More salary means more payroll taxes. Keep the $60K. Pay the $7K. Use your cash where it works for you.
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Jake Query
Jake Query@jakequery·
Tell me, in 14 words or fewer, your thoughts on the Colts 2025 season through 14 games.
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Dov Kleiman
Dov Kleiman@NFL_DovKleiman·
Age yourself by naming an NFL tight end you grew up watching. I'll start, Chris Cooley.
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Corrie McConnell
Corrie McConnell@McConnellCorrie·
Radigan Carter@radigancarter

You don’t realize how lame new cars have become until you drive an old Land Cruiser left over from Yemen. I’m driving a diesel land cruiser for work that was left here when dudes drove out of Yemen. The thing is old, like 2005 with a CD player old. It’s done overland missions, hasn’t been treated well, has inhaled God knows how much desert sand and dust in 20 years, paint fading from 120 degree heat, upholstery torn and stained from gear. There’s no safety sensors, no backup camera, just a fold down tailgate and cigarette burns on the passenger seat from some local fixed smoking on a mission years ago. It’s beautiful. You get in it and it just whispers to you, no matter what; I will get you home. We can ram cars, drive over dudes, ford rivers, overheat and I’ll still go another 200 km if needed. I’m simple enough to fix that any mechanic on five continents can fix me and I have plenty of on demand power from a bulletproof engine. This Land Cruiser was built by Japanese dudes who still believe there is honor in building something well. The modern equivalent of folding steel 100 times for a samurai sword before stamping their initials in the blade. Where YouTube reviewers see an outdated vehicle, I see near perfection, built by men who still believe in kaizen, the lost art of slow incremental improvements over time. There is simply no comparison to getting in my wife’s new car which is two decades newer. Driving is replaced in struggle session and frustration. Instead of using my own skill and judgement I have an automated safety Sally beeping at me like a seatbelt safety nazi if I don’t wear it. If I don’t have my blinker on or change lanes too fast, it pulls me back like Im 15 in drivers ED. If it doesn’t like my distance or speed it automatically brakes, or sounds red alert. There is no way I could push through an ambush in this car. When I get too close to an item, it brakes and screams like I don’t know how to drive without a back up camera. Instead of getting to ride in silence Apple car play automatically connects. The car turns off automatically like it’s somehow saving the polar bears by not idlying for 30 seconds at a stop light. Power? What power. It’s a turbo 4 cylinder with a lag that can’t decide what gear it’s in going up hill. Then there is the massive touch screen and everything is digital. I didn’t realize how much I missed buttons and analog gauges until I got in the LC. It just feels more solid. The contrast between the two is so stark that every time I drive my wife’s car I tell her we’re selling this when we go back to the States and we’re buying a used pre 2022 Lexus GX570 since it’s the last of its kind, basically a nice LC with the naturally aspirated V8. Do we need that big of a vehicle? No, but I’m tired of this struggle session that a new vehicle feels like. It feels like I’m driving a toy that was designed to keep idiots safe while they text and drive. I’ll just going to take super good care of the 570 and it will be the last vehicle I buy because if new vehicles keep going the way they’re going, no thanks, count me out.

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Tron Carter
Tron Carter@TronCarterNLU·
My goodness this drone shot on the KFT Championship broadcast 😳🫶
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Eric Alper 🎧
Eric Alper 🎧@ThatEricAlper·
On this day in 1978, Gerry Rafferty’s 'Baker Street' hit the airwaves, forever changing rock with Raphael Ravenscroft’s soaring sax solo. A masterclass in melody and mood, it remains one of the most recognizable and influential riffs in music history.
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Jake Query
Jake Query@jakequery·
In 3 words or less, please tell me your feeling on the Colts season, through 10 games:
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Corrie McConnell
Corrie McConnell@McConnellCorrie·
@CPATaxTeam FAQs update on 9/11/24 touch on this subject. Reporting obligation appears to end when the entity is dissolved. No existing requirement to file an additional report that the company ceases to exist. FINCEN probably gets the information from the government agency when dissolved?
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Craig Hausz, CPA
Craig Hausz, CPA@CPATaxTeam·
BOI/CTA question for #taxtwitter: If a business closes, does it have to file anything after the initial filing? Say it files BOI this year and closes in December. Does anyone have to notify FinCEN? I'm curious if FinCEN will just have this massive database going forever. @JWellsTax
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Jake Query
Jake Query@jakequery·
Tell me in 3 words your thoughts on the state of the Colts through 5 games
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Jake Query
Jake Query@jakequery·
The Colts have a LG making $20M. Why do they always seem to run right?
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