Roger DaSilva

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Roger DaSilva

Roger DaSilva

@RogerDaSilva1

Owner Realm Business & Tax Advisory Tax prep/Planning, Outsourced CFO, Bookkeeping for startups & SMBs @realm_tax (formerly @realmstartup)

NYC🛫 🛬 LA Katılım Mayıs 2011
1.2K Takip Edilen1.1K Takipçiler
Roger DaSilva retweetledi
SMB Attorney
SMB Attorney@SMB_Attorney·
They found him!!! Happy Easter!!
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Daily Tax Memes
Daily Tax Memes@DailyTaxMemes·
This engineer client wants to write off the reduced value of a hedge fund he invested in last year Nothing in ownership has changed but he thinks since it went 300k to 280k in valuation from some YE report he got that he should write off 20k and this is hell
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MWT
MWT@mountainwesttax·
my receivables are 3x higher than this time last year with lower revenue
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Roger DaSilva
Roger DaSilva@RogerDaSilva1·
@blueprintsmb22 Facts. When I bought my accounting firm in December 2023 if I knew what I know now probably would not have done it. Had senior preparer quit (via email) week of 4/15 2 retired and one took clients Clients in office 1 screaming But I have turned the aircraft carrier around 💪
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Blueprintsmb
Blueprintsmb@blueprintsmb22·
At the Lexus dealership today getting the 75,000 mileage service maintenance with the team off for Good Friday. While I eat a bagel and sit in a massage chair watching the first episode of season 2 of Your Friends and Neighbors, it’s incredible to look back over the last 15 months. A year ago, tariffs were announced that took a $30-40k a month piece of business to zero. My biggest customer (10 percent sales) told me she was shutting down. A year later, my most important raw material is up 70 pct year to date and with the May increase of $0.20 per pound, resin will be up 100 percent for the year. Despite all of this, I’m out of my SBA debt (got out via interest rate only pledged asset line at Schwab), business is up over 30 pct year to date and my backlog is the highest it’s ever been with the team working tomorrow while I’ll be hosting my Mom visiting from Kansas City for a few days which will be the first time I have seen her since I was home when my father passed last October. Shvt isn’t easy. If someone had told me in early 2025 what was going to happen the following 15 months I would have probably wanted to give up. Hey tariffs are going to crush business. Your biggest customer is going to shut down. Your dad is going to pass. Then you will see resin double. I’m glad I didn’t know what was coming. I would have mentally shut down. Humans are incredible. Most of the time we just take what’s thrown at us and figure shvt out. Keep going. 💪
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Roger DaSilva
Roger DaSilva@RogerDaSilva1·
@ima_dinger I would also suggest mixing in handwritten letter that is illegible. Thank you for your attention to this matter. #taxtwitter
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ding_ding
ding_ding@ima_dinger·
Going to send client a copy of their tax return as follows, odd pages as separate upside down JPGs as text messages. Even pages as individual HEIC to email. Bill will come as 40 separate $15 invoices of which only half can paid by ACH, 3 by CC, the rest cash or check only.
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Patrick Dichter
Patrick Dichter@patrickdichter·
I didn’t think I could love Ramp any more and then they do marketing like this:
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Devin Wanzor
Devin Wanzor@DevinWanzor·
Does any human, ever, have a larger skill gap than Tiger Woods golfing versus Tiger Woods driving a vehicle?
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Roger DaSilva
Roger DaSilva@RogerDaSilva1·
@blueprintsmb22 Congratulations 🎉 A very good day when you get out of PG Looking forward to doing the same eventually
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Blueprintsmb
Blueprintsmb@blueprintsmb22·
On a crazy warm day in New Jersey today, I did the following: 1) Fully paid off 7 figures of personally guaranteed SBA debt via a pledged asset line at Schwab (wiring 7 figures gave me some heart palpitations if I’m being real) 2) Communicated a 10 percent price to GM and Ford for poly bags effective next week (will see how they react 😳) x.com/blueprintsmb22…
Blueprintsmb@blueprintsmb22

I'm going to go through the process of using a Pledge Asset Line (PAL) at Schwab to pay off my entire 7a SBA loan this week. Over 200bps of savings on the interest rate, no personal guarantee and interest only. Note that I'm doing this in year 4 of business ownership after having paid off close to 7 figures of SBA debt in 3 years with $450k capacity on my undrawn line of credit with mid 6 figures of cash in business checking. Several hundred thousands of free cash flow per year will be freed up immediately. This whole process started from a question on X from @SBAdealCloser. Box spread loans could be cheaper but the higher maintenance of structuring and having to repay principal at times just made me push to PAL structure for simplicity. I will continue to pay down principal of debt each year but no longer will have to pay $15k each month as required by the current SBA loan schedule. I appreciated the balanced discussion on X from others and got feedback from other business owners that know the situation in more detail. What others said (most seem to push for complete payoff of 7a): 1) Another SMB manufacturing owner (ex banker, ex tech W2) => he recommended I just refinance my SBA debt with another SBA loan or conventional debt. He thought I should preserve debt capacity down the road with PAL option should I want to buy a home, etc. He isn't a fan of interest only as he think it's smart to pay down debt every year. Fair points 2) Another SMB manufacturing owner (ex banker) => he was in the camp to pay off the entire 7a with PAL; he is in the process of buying the building he operates in from his seller and isn't considering a PAL to help fund the equity check or finance the deal currently as most of his liquidity is in cash or 401k 3) Former Morgan Stanley banking analyst colleague now entrepreneur owning healthcare practices, agricultural assets and real estate => pay off entire 7a with PAL unless I had other bigger uses of capital where he recommend I use the PAL to start another business, do an acquisition 4) Former banker now SMB owner in lab testing biz => pay off entire 7a with PAL x.com/blueprintsmb22…

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Patrick Dichter
Patrick Dichter@patrickdichter·
@CPATaxTeam Talked to one last week and they thought they should just hire a GM and not have to run it full time…
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Craig Hausz, CPA
Craig Hausz, CPA@CPATaxTeam·
"We're going to roll up a bunch of CPA firms" Yeah, tell us you haven't had multiple CPA firm purchases without telling us.
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Roger DaSilva retweetledi
Daily Dad
Daily Dad@DailyDadEmail·
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🇺🇸 Jake Hilton 🇮🇱
🇺🇸 Jake Hilton 🇮🇱@TheDemSlayer·
Death once had a near-Chuck-Norris experience. Chuck Norris doesn't read books. He stares them down until he gets the information he wants. Time waits for no man. Unless that man is Chuck Norris. When the Boogeyman goes to bed, he checks his closet for Chuck Norris. Chuck Norris can slam a revolving door. Chuck Norris doesn't sleep. He waits. Chuck Norris' tears cure cancer. Too bad he has never cried. Chuck Norris counted to infinity—twice. When Chuck Norris does push-ups, he isn't lifting himself up—he's pushing the Earth down. Chuck Norris can divide by zero. Chuck Norris can hear sign language. Chuck Norris doesn't wear a watch. He decides what time it is. When Chuck Norris enters a room, he doesn't turn the lights on—he turns the dark off. The flu gets a Chuck Norris shot every year. Chuck Norris can build a snowman out of rain. Chuck Norris doesn't dial the wrong number. You pick up the wrong phone. Chuck Norris has a grizzly bear carpet in his room. The bear isn't dead—it's just afraid to move. Chuck Norris' cowboy boots are made from real cowboys. Fear of spiders is called arachnophobia. Fear of Chuck Norris is called logic. Chuck Norris once kicked a horse in the chin. Its descendants are now known as giraffes. Chuck Norris can cook minute rice in 30 seconds. There is no theory of evolution, just a list of creatures Chuck Norris allows to live. Chuck Norris can do a wheelie on a unicycle. Chuck Norris doesn't play hide and seek. He plays hide and pray I don't find you. Chuck Norris can kill two stones with one bird. Chuck Norris can speak Braille. Chuck Norris can make a Happy Meal cry. Aliens are real. They're just afraid to come to Earth because Chuck Norris lives here. Chuck Norris can strangle you with a cordless phone. Chuck Norris can win a staring contest with his eyes closed. Chuck Norris' roundhouse kick is so powerful it can be seen from space by the naked eye. Chuck Norris once won a game of Connect Four in three moves. Chuck Norris can unscramble an egg. Chuck Norris can drown a fish. Chuck Norris can delete the Recycle Bin. Chuck Norris can clap with one hand. Chuck Norris can make onions cry. Chuck Norris doesn't age—he levels up. Chuck Norris can win at solitaire with real cards. Chuck Norris' calendar goes straight from March 31st to April 2nd. No one fools Chuck Norris. Chuck Norris can start a fire with an ice cube. Chuck Norris doesn't do refunds. You do. Chuck Norris can microwave popcorn by staring at it. Chuck Norris can sneeze with his eyes open. Chuck Norris doesn't vacuum. He scares the dirt away. Chuck Norris can hear sign language over the phone. Chuck Norris doesn't spell-check. Words conform to him. Chuck Norris can cut through a hot knife with butter. Chuck Norris can parallel park in two moves. Chuck Norris doesn't need a GPS. Locations report to him. Chuck Norris doesn't need sleep—he recharges by staring at the sun. Chuck Norris doesn't need food. Food needs Chuck Norris. Chuck Norris doesn't need a belt. Gravity submits to him. Chuck Norris can make a campfire with wet wood and attitude. Chuck Norris doesn't need a parachute. Gravity is afraid to pull him down. Chuck Norris doesn't need Wi-Fi. The internet connects to him. Chuck Norris can solve a Rubik's Cube by staring at it. Chuck Norris doesn't need a map. Maps need Chuck Norris. Chuck Norris doesn't need oxygen. Oxygen needs Chuck Norris. Chuck Norris can make a mime talk. Chuck Norris can make a ghost haunt itself. Chuck Norris doesn't need a mirror. Mirrors reflect what he allows. Chuck Norris can make lightning ask for permission. Chuck Norris doesn't need a shadow. Shadows follow him. Chuck Norris doesn't need luck. Luck needs Chuck Norris. Chuck Norris can roundhouse kick the future into the past. Chuck Norris doesn't tell jokes. Jokes tell Chuck Norris. Chuck Norris doesn't cheat death. He wins fair and square. 👊🏻 RIP, Absolute Legend!
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Clint Fiore 🦬 DM for Biz Deals
Another CPA firm (<5M EBITDA) just got an IOI at 12X. 80% cash at close. Twitter still in disbelief. They didn't believe me last time when one sold at 10X and won't believe it again this time at 12X. Meanwhile, if you have a firm that's dialed in and doing 7-figures of EBITDA, let me know if you want to sell! I know who is paying.
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Roger DaSilva
Roger DaSilva@RogerDaSilva1·
@BarbellFi All the accountants chiming in on gifting rules, AFR (Applicable Federal Rates) for loans… Days before the 3/15 Business filing deadline 😆 🤓
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Barbell Financial 💪🏻💰
When my son is ready to buy a house We’ll loan him the full purchase price He’ll make monthly payments to us 30 year mortgage at 0% interest Thanks to the bank of Mom & Dad 💰
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Kimi
Kimi@NotGoKGreen·
I started Sam's List to solve a personal problem — finding a CPA who actually understood me and my business. Now it's bigger than me. And that's wild. And companies I never in a million years thought we'd help. This week a VC-backed startup in CA used the site: - Missed payroll tax filings - A CA tax notice to resolve - Books that need a full cleanup - Mercury treasury that needs to be reflected properly - Corporate taxes coming up They were able to contact 2 firms in seconds on Sam's List! That makes me really happy! If you specialize in VC-backed startups and you're not on Sam's List yet... these founders are actively looking for you. Join the party🙃
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Michael Muellerleile
Michael Muellerleile@AttorneyDoubleM·
@RyanDanz Tested that this weekend on the way to water polo in Chula Vista. Lol. Btw, you forgot to mention that stretch of coast has some of the best surfspots in CA for the 10am-1pm session, but maybe the omission was on purpose 😀🏄
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Ryan Danz
Ryan Danz@RyanDanz·
One of the most epic stretches of living in the history of the world Sure, it takes making 1MM/year to live adequate, just enough to get a starter home (which starts at 2mm for anything non-tear-down), and pay the bills, afford a closet full of vuori, drive a Tesla, surf 10am-1pm on a weekday, and drink $7 cups of micro roasted coffee with chai tallow, take a few yoga classes per week, get a club membership, … but 10/10 public schools, year round 72 degrees with a light breeze, organic grocery stores, no smog, no insects, no swamp ass, no crime, no homeless-tent cities, no parking meters, the best Mexican food north of Mexico City, the most slightly above average looking but fittest people you’ve ever seen and 10000x less pretentious than Newport and LA folk World class and open to the public; •Beaches •Hiking •Golf •Museums •Parks •Zoos And a tax racket that means homes worth 5mm that were bought 25 years ago for 500k, only pay 5k/yr property tax and locked for life (sans capped increase) And this doesn’t even include that little hamlet to the right on the map called Rancho Santa Fe which is a tweetstorm all unto itself
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Zach Melloh, CFP®
Zach Melloh, CFP®@zachmelloh26·
Looking for a CPA that can help in CA at reasonable price Married w/ kids - W2's with no real estate or business interest. A few minor complexities (Backdoor roths, HSA's Carry-forward losses) Thanks
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Tyler Bindi
Tyler Bindi@TripleNetTyler·
Potentially the softest thing I’ve ever read Participation trophy culture at it’s finest
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Jason Staats⚡
Jason Staats⚡@jasononfirms·
We spent a week building an engine to create really convincing bank statements and tax docs Here's a pile of bookkeeping and tax docs you're free to swipe for training purposes: Bookkeeping Docs: 3 months of statements with 67 transactions in total 41 receipts that match up to those transactions 12 months of statements with 670 trx in total 12 months of statements with 6,700 trx in total Tax Docs: 8 full tax files Like, a pile of tax docs a client would provide Some are simple, W-2 earners and retirees One's more involved, just over 20 pages Another's a big boy, 70 pages in total The price: Just reply to the tweet. Anything at all. Your least favorite day of the week. Favorite cheese. Worst childhood memory. I'll link the download on my profile page for the next couple days. It's just a google drive link Break a leg!
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