CPA with existing clients - Lousy Payout?
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I thank God everyday that I’m not a tax specialist. I have 100% exposure to the exciting, money generating aspects of finance.
While you're filing someone's tax return, we're making our clients money. When our clients make money on a stock, bond, etc, you're strictly an afterthought. Capital gains/interest payments/dividends (fun) ---then---> taxes (lame). Brb hitting up my CPA for some sweet referrals[quote=newrep]I have more than enough time to talk with my clients
throughout the day because my staff prepares the returns. I walk out
the door every single night at 5:00 PM – no exceptions…and here’s
the best part…all the returns received from clients that day are
done! We’re good, we’re REAL good. So I have plenty of time to spin my
FP web (like you all do). I also only plan on taking on clients with
$500K or more, so I don’t intend on wasting my time with small
portfolios. All clients get a return phone call within the hour -
-never had an exception to that rule. Why you might ask? Because I know
how to run a business.
Jealous of a bean counter? Yeah right. And no, we don't hate CPA's. We just can't stand turds like you who think our side of the business is easy b/c you know how to calculate AGI. Stick to your abacus and pocket protector.
Had a joint meeting with a client and his CPA the other day. We were talking about some structured products and muni’s. What does the CPA think is a good idea to invest in? “What do you think about gold”?
I tried so hard not to laugh at the all mighty CPA.
"Some CPA's are the stupidest people around" - Coming from my own CPA who used to run the state's CPA society. I remember doing a presentation for a CPA office about annuities back when the VA guarantees were 7% compounded quarterly. One older CPA was visibly aggitated and said, "That's impossible. It can't work.", etc then left the lunch meeting. Afterwards I asked one of the CPA's what this guy's deal was and he said, "The guy was about to retire in 2008 and had all his money in stocks and lost 60%". I wanted to mail him once a month with an annuity insert saying, "Protect your future retirement income". He is the typical old-time CPA that won't accept change or new ideas. My CPA, who used to run the state's CPA organization, is adamently against CPA's doing investments. He said the conflict of interest is extreme. Tax clients trust their CPA so they are easily lead to invest with him. Problem is, if he knows anything about taxes, he doesn't have the time to know anything about investments and having to deal with the behavioral aspects.Had a joint meeting with a client and his CPA the other day. We were talking about some structured products and muni’s. What does the CPA think is a good idea to invest in? “What do you think about gold”?
I tried so hard not to laugh at the all mighty CPA.
WOW I stay away from the boards for two days, and i come back to some douchebag cpa calling me angry.
I never said i hated CPA's. I have CPA's as some of my best clients. I pay one of them for referrals, he deserves it. The others are happy to refer to me because i am damn good at what i do. And i have a focus. I dont try to be in two different professions at the same time. I know my strenghts. And my weaknesses. I dont think you do. As far as we should kiss the asses of the CPA's??? Are you f***ing kidding me? The CPA's that refer to me should kiss my ass for making them look good to their clients for referr to me CPA's are no different than any other people. There are great one's and sh*tty ones. And esome of them are nice guys, and others (hmmmm) are douchebags . Who the f*** are you to come on here and make generalizations about people who do what we do? You dont know me. You dont know any of us. You came on here and asked a question and i tried to give you a serious answer. Why are you getting all sh*tass defensive? Go put on your green shade and masturbate on your adding machine. Your a lazy douchebag who would fail at what we do if you had to depend on it for a living. Man, did that feel good![quote=Sportsfreakbob]WOW I stay away from the boards for two days, and i come back to some douchebag cpa calling me angry.
I never said i hated CPA's. I have CPA's as some of my best clients. I pay one of them for referrals, he deserves it. The others are happy to refer to me because i am damn good at what i do. And i have a focus. I dont try to be in two different professions at the same time. I know my strenghts. And my weaknesses. I dont think you do. As far as we should kiss the asses of the CPA's??? Are you f***ing kidding me? The CPA's that refer to me should kiss my ass for making them look good to their clients for referr to me CPA's are no different than any other people. There are great one's and sh*tty ones. And esome of them are nice guys, and others (hmmmm) are douchebags . Who the f*** are you to come on here and make generalizations about people who do what we do? You dont know me. You dont know any of us. You came on here and asked a question and i tried to give you a serious answer. Why are you getting all sh*tass defensive? Go put on your green shade and masturbate on your adding machine. Your a lazy douchebag who would fail at what we do if you had to depend on it for a living. Man, did that feel good! [/quote]If this was FB, I would have clicked the LIKE button.