Brad Bonde

For recent new followers, a little more background on this CPA. Been playing around the edges of Twitter for a number of years, live-tweeting Nashville healthcare events and going through a mid-career focus shift. A 🧵:

@SMB_HEFF I work 100% in Healthcare and would love to discuss. Lots to think about.

My wife has had me “optimizing” and getting the new ABA clinic business running every day. This morning I was asked “do we have a cpa lined up? Her “mentor” I’m following says that’s the first thing they recommend” Who’s the best cpa to work with at as a younger startup?

@sourcesandmuses I’d be happy to participate as well and provide insights/commentary.

Any searchers that would be interested in setting up a de facto “investment committee” style recurring meeting? I’ve met with a lot of people from here that have appreciated talking through each others deals, so looking to see if I can get something more formal together (search is a lonely world, and always good to get perspective, especially when you have the rose-tinted glasses on)

@FortWayneCPA That’s also the go big or go home way to fire some C-clients.

@bbondecpa Could be... Someone on a thread yesterday said it happened to them and that is why I said it was second hand info...

If you own a business, has this ever happened to you? Second hand a person on X said that the CPA firm he uses just got bought by PE and they are now trying to charge him $100,000 more for work done over the last three years. Again this is second hand... Does PE really go through billings over the last three years they feel are insufficient and send bills?

@Its_NoahScott @jamesonhaslam Keep doing it and you’ll look like First Brands. Nothing to see here.

@jamesonhaslam What happens if I just keep creating S-corps? Is this the secret wealth hack the 0.1% DON'T want you to know?

ONE S corp might not be enough

@FortWayneCPA But AI posts all the intercompany and reconciles our bank statements. We good!

First Brands abruptly filed bankruptcy. The allegations of fraud are growing... Kind of like a mini Enron and it looks like a lot of banks and lenders at least; had the wool pulled over their eyes. At the least. I remember back when there were a lot of scandals about Chinese companies pledging the same asset multiple times and the auditors NOT catching it and now it likes like First Brands likely did the same thing. Check out their debt structure... Imagine auditing this. x.com/IamnotDescarte…

@levikmunneke AI

Anyone who's serious about cold outbound... Seriously, you should not be doing your own lead searches. I never have to do mine, fully done by AI. like and comment "AI" I'll send you a link to this GPT - 100% free + the prompt

@LoganGrafTax Didn’t you build the first two weeks of October into your schedule to take on these clients, but rates triple? Or maybe your fee take the month # as the multiple we apply to your base rate.

If your clients are just now sending you their info for a return that’s due next week… Let’s be honest, that’s not your emergency. Unless you’ve already told them you’ll squeeze it in, there should be a clear understanding that you can’t guarantee it’ll get done in time. This is one of those moments where setting boundaries actually builds trust. Of course, you can still prepare the return. But if you have to sacrifice quality to make it happen, you’re doing a disservice to both yourself and your client.

@MichiganMattCPA Looks like a problem solver in action. Tis but a scratch and thankful no breaks!

Why do young people need life & disability? Bc we're idiots. This contraption to get my boat off the lift due to low water level saved me $300 and only took 5 hours, 2 broken straps, multiple unexplained cuts & a wedged foot between boat and hoist that thankfully didn't break

@paulswaney3 I take offense. I get awful callouses from 10 key grinding all day. However there was a satisfaction from a hard days work at the farm as a teenager. Many days I’d rather have a few days of that and not as much brain fried on trying to figure out garbage data for my PE friends.

Counted no less than 6 G Wagons going to the grocery this morning. If you are rolling in one to grocery you’ve probably been listening to Tax TikTok. Otherwise I figured you were rolling to outsource that to someone. Or I’m just feeling flexed on.

@sourcesandmuses It’s tax deductible to you just mention your business to the guy next to you (marketing). At least that’s what TikTok told me.

Asking for a friend, are Yanks playoff tickets an add back to EBITDA?

@ShowMeYourCIM If you’re being honest and transparent you can put your best foot forward. Then Buyer can indicate where you may be different and seller has to pick their horse weighing what’s most important to them. Not every dollar is equal across offers.

A tight acquisition process forces buyers to put their best foot forward There just isn’t a lot of time to bat around an offer starting with a lowball We’re honest about where an offer sits and try to give buyers a chance to rethink best before we either negotiate or move on

@ShowMeYourCIM Three of my deals closed yesterday too-2 of 3 were initial busted processes with other sponsors. When there is already seller fatigue to begin with things can get testy, but we had good clients & good sellers that wanted to see it done. Still room for 8pm lender edits though.

These three deals were so different #1 White collar B2B service that sold to a PE-backed platform #2 Manufacturing biz that sold to a family office-backed holding company #3 Powder coating biz that sold to an SBA buyer But the similarity is that all three buyers knew they wanted to get to closing. No fake deadlines, no posturing, no threats of pulling out. This makes all the difference, and our sellers were AWESOME. My takeaway was to be a person who starts at “yes” and then figures out how to make it work. Closing is a long road and constantly drawing lines in the sand only makes it more difficult.

@jamesonhaslam You have reflected my work life so succinctly. Doing it all wrong I guess. At least I think my clients appreciate me expending all my brain power for them

guys I figured it out

@Degen_CPA MSM letting the secret out.

@Taxsavvyjessica @LoZabransky Plumbers buy pipe, influencers buy anything they want so they can put out garbage to make it look like they contribute to society.

@LoZabransky They so boldly admit it and double down. It’s the usual “it’s ordinary and necessary for my business” when they have no idea what they’re even saying.

An influencer on TikTok mentioned she had a wonderful and competent accountant…who says her designer luxury handbags are deductible as a business expense. 👀 @LoZabransky I’m serious, we need to conquer and divide our video responses debunking this 🤣 Tax Accountants, Assemble!

@dylthorn Then he should be able to file retroactively. Sounds like look back is 4 years (don’t recommend dragging out a year to try to get any of it behind you). He will just have to come out of pocket for it, possibly try to ask customers to pay prior amounts.

@bbondecpa He’s just a little guy with one employee ~ 200k a year rev

My buddy has Been landscaping in WA state for 3 years. Today he learned he was supposed to charge sales tax What should he do

@dylthorn State of WA is notoriously harsh. Landscaping & horticulture (excluding services to farmers) are taxable services. You can try to do a VDA and hope they cut a break but prob not good. And he won’t be able to sell to PE without covering that either.

@bbondecpa Guarantee you he wasn’t