Mike was a pleasure to work with this past tax season. I look forward to continuing to work with him in the future. It is no surprise why he is so successful . Look forward to regular uploads now, hopefully you are less busy!
Mike- I suggest you charge your consultation (small fee $39 or 49) for 30 minutes to ensure you do not have too many people who just want to get free information and have no interest in signing up with you. Worked out great for me so far even though you do have to risk of lower # of consultations but way better candidates. Calendly links with the payment option as well for clients to pay beforehand.
Congrats Mike! You got it started. I love small business. I was employed at a small business for 34 years. I really felt appreciated. The owners were great. Over the 34 years, we had only two accountants. The first one retired and that is when we changed. We were well taken care of.
Thanks Dave! That is awesome. Iâm becoming a big fan of small businesses Myself not because I have one but because I find that many small businesses owners are nice down to earth people
đŒ Checkout some of our most popular INVESTING and TAX related videos â Earn $100,000 a year in dividends: czcams.com/video/DWu3oU6dcBs/video.html â Dividend Investing Pros and Cons: czcams.com/video/3gmbrO_PUt8/video.html â Our Dividend Income Year 6: czcams.com/video/ppwnTGWNcUY/video.html â Best Investments for each account czcams.com/video/WjlOmA-xWAU/video.html â Calculating dividend tax rates: czcams.com/video/ldZaDdmcWtg/video.html â Making your dividends qualified!: czcams.com/video/YmYcxDLzXyY/video.html â How to save taxes on stocks: czcams.com/video/_gaJ6jXgGb4/video.html â Capital Gain Taxes Explained: czcams.com/video/BCQYorPgDKs/video.html â New Tax Laws for 2020 Explained: czcams.com/video/ewhbBCRvIO0/video.html â Dividend and REIT Taxation: czcams.com/video/Y0OxeCS3_H4/video.html â How to fill out the new 2020 W-4 czcams.com/video/_VPjX0dDTgs/video.html
Yup! those points are right on target. I went into private practice several years ago as a psychotherapist and went through the same exact process as you. Except then got too much work which demands setting boundaries, and was completely overwhelmed, which you may have already experienced that.... it is alot of wor to start a business. Just be sure to set limits to prevent total burnout. Great video.
Congratulations on a successful start to your business. âŠand here I was thinking I was the only working half days and 8 days a week. Talk about working A Hard Dayâs Night. Itâs been a brutal tax season and now a bit of relief⊠still a lot of extensions. Half of me says itâs harder because Iâm older, the other half of me says itâs the tremendous work load I have. And yet the half says Government isnât making it any easier. I donât have to advertise. I have enough work. Iâm always getting a call saying a client recommended me to you. Sometimes I almost cringe. I can be selective in taking on new clients. Probably a good problem to have. After Hurricane Katrina, I had to do a lot of the billing and still today I do that. I bill business clients at the end of the month and tax return clients when I finish their return. Iâve even started to take Venmo as more and more people pay that way. Adapting to new ways. Oh did I mention cash still works. Haha. My Grandfather had my dad and my dad had meâŠ.Me, my kids chose the nursing field. đ„đ„đ„ I donât have an exit strategy. One day someday. In the meantime I enjoy meeting my clients, working with them. I also use my clients when I need them. New wooden floors. a newly paved driveway, plumbing, construction, etc. Itâs nice to have clients. I got a lot of old school in me, I can remember posting the ledger by hand, footing and balancing,oh and running an adding machine tape to make sure the ledger balancedâŠand doing a bank recâs by adding machine tape. Of course doing tax returns by hand. I certainly wouldnât try that today. Makes you appreciate what we have today. I share this as an appreciation to your videos. I can so relate to them. Maybe you can take one thing I say here and develop into your business. You share your ideas and this is my way of sharing my experiences to you. I do miss your investment videos. I know they will come again. Thanks again Mike. You are doing great. Keep it up.
Dan, I cannot thank you enough for sharing your experiences. Regarding selling a practice I have started receiving listings of several small firms in the area where I live whom are selling off their practice, because they are wanting to retire. Have you spoke with any brokers?
@@MoneyandLifeTV No I have not contacted anyone. Turning 60 later this year, I never thought about retirement before til Covid hit. Since then it seems everything his gotten harder to comply with. PPP Loans/Forgiveness, then payroll tax credits. Then the 1040 where is that post card tax return??? Instead we now have 3 schedules. Iâm not ready to retire and there is still a drive in me. Always looking at my Financials and wanting to compare to last year. I know itâs in our blood lines. My GF and dad had a man that worked for them back in the 60âs and 70âs, he went out on his own. Well he died in â18 and I inherited a good bit of his clients. I say he left me in his will. He left me a wealth of work. Well 4+ years that has taken its toll. Thanks again for your interest. You share yours through these videos and mine in the response. Glad I have came across your videos. Itâs great to know you.
If you have ever started a business or thought of of starting one, what have been some of your key takeaways in your learning process from what you have experienced?
Chapters (Time Stamps):
0:00 - 8:08 Why is everything taking longer?
8:10 - 9:53 Proposals or no proposals?
9:54 - 18:03 Networking
Mike was a pleasure to work with this past tax season. I look forward to continuing to work with him in the future. It is no surprise why he is so successful . Look forward to regular uploads now, hopefully you are less busy!
I am honored!! Thanks so much. Still busier than I expected, but slowly regaining balance haha. Hope to connect with you in the coming weeks.
Mike- I suggest you charge your consultation (small fee $39 or 49) for 30 minutes to ensure you do not have too many people who just want to get free information and have no interest in signing up with you. Worked out great for me so far even though you do have to risk of lower # of consultations but way better candidates. Calendly links with the payment option as well for clients to pay beforehand.
Thanks for the tips! I don't think I realized that calendly did that.
Good input information!
Thanks!
Great Info Thanks!
Glad it was helpful! Thank you!
Congrats Mike! You got it started. I love small business. I was employed at a small business for 34 years. I really felt appreciated. The owners were great.
Over the 34 years, we had only two accountants. The first one retired and that is when we changed. We were well taken care of.
Thanks Dave! That is awesome. Iâm becoming a big fan of small businesses Myself not because I have one but because I find that many small businesses owners are nice down to earth people
Great video. Thanks for sharing.
I'm so glad all is going well! I knew it would! đ
Thanks so much Laura! so far so good đ lots of referrals.
đŒ Checkout some of our most popular INVESTING and TAX related videos
â Earn $100,000 a year in dividends: czcams.com/video/DWu3oU6dcBs/video.html
â Dividend Investing Pros and Cons: czcams.com/video/3gmbrO_PUt8/video.html
â Our Dividend Income Year 6: czcams.com/video/ppwnTGWNcUY/video.html
â Best Investments for each account czcams.com/video/WjlOmA-xWAU/video.html
â Calculating dividend tax rates: czcams.com/video/ldZaDdmcWtg/video.html
â Making your dividends qualified!: czcams.com/video/YmYcxDLzXyY/video.html
â How to save taxes on stocks: czcams.com/video/_gaJ6jXgGb4/video.html
â Capital Gain Taxes Explained: czcams.com/video/BCQYorPgDKs/video.html
â New Tax Laws for 2020 Explained: czcams.com/video/ewhbBCRvIO0/video.html
â Dividend and REIT Taxation: czcams.com/video/Y0OxeCS3_H4/video.html
â How to fill out the new 2020 W-4 czcams.com/video/_VPjX0dDTgs/video.html
Hello Mike. Glad you able to produce this segments, such positive result for a genuine guy. to all your success and business growth!
Thank you Peter! Couldn't do it without good people like yourself in my corner ;)
Iâm very happy for you Mike! Can you do taxes for a client in Virginia?
Thanks and yes I do. I have remote clients all throughout the United States
Thanks Mike. Maybe in 2023 you can do mine. Lynn
I would be honored, thanks Lynn!
Yup! those points are right on target. I went into private practice several years ago as a psychotherapist and went through the same exact process as you. Except then got too much work which demands setting boundaries, and was completely overwhelmed, which you may have already experienced that.... it is alot of wor to start a business. Just be sure to set limits to prevent total burnout. Great video.
Thank you Elsa, really appreciate your input. There have been several times where I have felt overwhelmed already. I needed to hear that.
Congratulations on a successful start to your business. âŠand here I was thinking I was the only working half days and 8 days a week. Talk about working A Hard Dayâs Night.
Itâs been a brutal tax season and now a bit of relief⊠still a lot of extensions. Half of me says itâs harder because Iâm older, the other half of me says itâs the tremendous work load I have. And yet the half says Government isnât making it any easier.
I donât have to advertise. I have enough work. Iâm always getting a call saying a client recommended me to you. Sometimes I almost cringe. I can be selective in taking on new clients. Probably a good problem to have.
After Hurricane Katrina, I had to do a lot of the billing and still today I do that. I bill business clients at the end of the month and tax return clients when I finish their return. Iâve even started to take Venmo as more and more people pay that way. Adapting to new ways. Oh did I mention cash still works. Haha.
My Grandfather had my dad and my dad had meâŠ.Me, my kids chose the nursing field. đ„đ„đ„
I donât have an exit strategy. One day someday.
In the meantime I enjoy meeting my clients, working with them. I also use my clients when I need them. New wooden floors. a newly paved driveway, plumbing, construction, etc. Itâs nice to have clients.
I got a lot of old school in me, I can remember posting the ledger by hand, footing and balancing,oh and running an adding machine tape to make sure the ledger balancedâŠand doing a bank recâs by adding machine tape. Of course doing tax returns by hand. I certainly wouldnât try that today. Makes you appreciate what we have today.
I share this as an appreciation to your videos. I can so relate to them. Maybe you can take one thing I say here and develop into your business. You share your ideas and this is my way of sharing my experiences to you.
I do miss your investment videos. I know they will come again.
Thanks again Mike. You are doing great. Keep it up.
Dan, I cannot thank you enough for sharing your experiences. Regarding selling a practice I have started receiving listings of several small firms in the area where I live whom are selling off their practice, because they are wanting to retire. Have you spoke with any brokers?
@@MoneyandLifeTV No I have not contacted anyone. Turning 60 later this year, I never thought about retirement before til Covid hit. Since then it seems everything his gotten harder to comply with. PPP Loans/Forgiveness, then payroll tax credits. Then the 1040 where is that post card tax return??? Instead we now have 3 schedules.
Iâm not ready to retire and there is still a drive in me. Always looking at my Financials and wanting to compare to last year. I know itâs in our blood lines.
My GF and dad had a man that worked for them back in the 60âs and 70âs, he went out on his own. Well he died in â18 and I inherited a good bit of his clients. I say he left me in his will. He left me a wealth of work. Well 4+ years that has taken its toll.
Thanks again for your interest. You share yours through these videos and mine in the response. Glad I have came across your videos. Itâs great to know you.
:) congratulations :)
đ€đ€đ€
Thank you Vogas!
@@MoneyandLifeTV :)
If you have ever started a business or thought of of starting one, what have been some of your key takeaways in your learning process from what you have experienced?
Am happy see your wonderful video, stay strong! đŻđ«â
Thank you Freddie! Hope you are having a great weekend