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
Hey der kind readers, dis is da welty accountant from way up nort der hey where it gets darn cold in da winnertime. Payin all dose heatin bills is a might painful here in Phuket, Weeesconsin, sometimes known as Nowhere, Weeesconsin so extra side income is always welcome.
Mrs. Accountant does her best to contribute to the family budget by cookin and cleanin whenever the work shows up. She is the kindest thing to ever walk God’s green earth and proves it by sending your favorite accountant with a brown bag lunch to work every day to save money.Read More
Frugal living is challenging at times. What seems like a meaningless small change can energize your budget and fire your investments on a steeper trajectory.
Countless blogs and websites provide lists on how to save money. Turn out lights, turn down the heat in winter and the library are good ideas. Mr. Money Mustache has a strong drive to bike. On several occasions he has published on the benefits of biking. Biking is good for your health and cuts energy use. Reducing or eliminating what he calls a “clown-like car habit”, you cut spending by serious coin.Read More
This week’s Stalking the Accountant edition is special. We had another drawing for cash prizes here at The Wealthy Accountant and it ended up a humbling experience where dozens of people will benefit far more than the minor investment of cash would indicate.
The drawing pulled names from subscribers who opened their email of the latest blog posts. The winners of the $50 prize are:Read More
Every writing conference I’ve ever been to has a breakout session titled: PANTSER OR PLOTTER?
Beginning writers flock to these things because they think it’s an important part of the writing process when the question is really a matter of personal work habits.
Many successful writers plant their tail in front of the keyboard and start pounding out copy while others need a detailed plan before the muse flickers to life. Plotters take the risk they’ll plan until infinity before rolling up their sleeves and working; writing from the seat of your pants can lead to rambling pros in need of heavy editing.Read More
Recent volatility in the stock market has people reassessing their appetite for risk. Investing in a bull market is easy as it seems the only way equities go is up.
The recent bull market has an added way of lulling people into a false sense of security. Last year many indexes never saw even a 5% pullback even once. Some didn’t see a 3% decline at any point! This is a highly unusual situation confirming for some people the stock market doesn’t test your resolve as often as it does.
In the past week we’ve had a > 5% intraday swing in the market indexes. Many individual stocks had even greater moves!Read More
Those little devils are everywhere. Drone fever has swept the country and it has me hopping mad. In the last week my office has been buzzed every workday and the Accountant farm had its privacy disrupted three times.
The animals hate it! Drones buzzing overhead send the chickens running for cover while the steers run the length of the pasture trying to get away. Privacy is the main concern at the office. If somebody wants to invade my privacy on the farm while I water the horse out back there isn’t much to see. (Ah, that didn’t come out right.)
Therefore, I hereby announce The Wealthy Accountant will start selling anti-drone guns for $500 a pop with the beautiful logo of The Wealthy Accountant emblazoned on the side. This is a limited offer! Only 10,000 will be manufactured. When they are gone they’re gone.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