My youngest daughter turned 18 on Wednesday and while Mrs. Accountant and I are not yet officially empty nesters the handwriting is on the wall. High school needs to be finished and an adjustment into adulthood is in order before she leaves. The timing is the only thing undecided.
My oldest daughter (I have two girls) stuck around home milking mom and dad for all it was worth. At first the prodding was gentle. As the years passed the cattle prod was more insistent. It’s wasn’t about her behavior either.Read More
The accounting industry has been consolidating for decades. When I started my practice in the 1980s the local newspaper had several pages of business card sized ads hawking the wares of local tax offices and CPA firms. Today you would be hard pressed to find an ad (outside the massive DIY tax software) by any tax or accounting firm even in the depths of tax season.
There are several reasons why the corner mom and pop tax office is dying. The tax code has steadily increased in complexity. If I didn’t have a background of knowledge to build on I might not consider the tax field if I were starting today.Read More
It’s been an exciting week in the accounting world. The first full week of the traditional tax season is in the books with nine more left to go. As far as I can tell there have been no casualties.
Your favorite accountant is happy to report this is the smoothest tax season in years in his office. Three or four years ago I met Mr. Money Mustache and he put me on the map (Thank you, Pete!) it created a deluge of demand I was ill prepared to handle. The problem was I had no idea what I was getting into. Those problems seem to be fully resolved.Read More
How many friends do you have? Thirty? More? Ten or less? It’s an interesting question because it determines a great deal of our happiness.
Loneliness is feared as much as the night. Losing a spouse or loved one cuts deep as we know how much we’ll miss the dearly departed.Read More
It started with a simple request for an update to my personal net worth.
Over the years I’ve been mum about the subject, only exposing myself due to the Rockstar Finance Net Worth Tracker. I’m still undecided about discussing my *exact* net worth publically. It’s really nobody’s business and is only public because I write a personal finance blog.Read More
Back in 1982 Wisconsin a young man could legally belly up to the bar on his 18th birthday. That didn’t stop me from getting a jump start on adulthood.
In my later years of high school there were several rural bars where the owners could care less how old I was. The police rarely showed up (they never showed up when I was there, but I heard stories) and the penalties were light if caught selling to minors.
So I unwound after a long week of farm labor and sloughing off at school with a cold one in Brothertown. I drove the distance to tip a brew with my buddy, Ken.Read More
I was contacted recently by an old acquaintance. Brad is a reader of this blog and started to take exception to my style of writing. He felt any idiot could write a blog and I can assure you any idiot is writing this one. He felt it beneath a CPA to write what I do…Read More
2017 was one heck of a year. Business was good, investments were good, personal life was awesome. The good news never seemed to stop. Many people like to make New Year’s resolutions. Not me. I forgo the whole ritual. Instead, I plan all year round. When an idea strikes I write it down. It’s a…Read More