Lifestyle

The Master Archive!

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The Tragedy of the Commons in Investing

By Keith Taxguy / March 27, 2016 / 2 Comments

Back in the early 1980s a CPA named Herb Vest had this crazy idea to merge the investment and tax preparation fields. By the 1990s both HD Vest Financial Services and your favorite wealthy accountant’s tax firm were hitting full stride. My first career choice was not tax preparation or accounting, it was financial services.…

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Caveman TV

By Keith Taxguy / March 21, 2016 / 2 Comments

When I was a little boy I loved watching the stars and dreaming. Then I grew up and, for a short period of time, lost the awesome wonder of the universe. Truth is I lost sight of the big picture for a better view of the small picture. In the early years of my marriage…

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Card Counting

By Keith Taxguy / March 17, 2016 / 5 Comments

Last year I inherited a client with 23 years of unfiled tax returns. Normally I enjoy multiple years of unfiled returns. The extraordinary number of years in this instance put me at risk of potentially preparing a tax return by hand for the early years and the tax return contained rental real estate, a trucking…

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What I am Reading

By Keith Taxguy / March 13, 2016 / 0 Comments

Charlie Munger, the right hand man of Warren Buffet at Berkshire Hathaway, is quoted as saying he never met any wise person who did not read a lot. Reading is how we learn about the world around us. We live better when we educate ourselves. Every year I read 20 – 30 books of substance…

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Why I Don’t Smoke Marijuana and Don’t Care If You Do

By Keith Taxguy / March 5, 2016 / 2 Comments

Last year I attended a conference forty miles east of Seattle. The venue was nestled in a wooded area with hiking trails and mountain climbing. Meals were provided and some of the best home cooking I’ve ever eaten. I was honored with an opportunity to speak at the conference and made several new friends and…

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Zen Meditation: The Quiet Mind

By Keith Taxguy / February 28, 2016 / 7 Comments

Several years ago my office building was burglarized. Two young men used a tire iron to break a window and enter the building. Tax offices do not have a lot of stuff worth stealing so they settled on two monitors and an old safe with an empty coffee can in it. People pay their bill…

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Why I Work Too Hard (and So Do You)

By Keith Taxguy / February 26, 2016 / 10 Comments

Back when I was in high school I started down the road to OCD, I mean toward being a wealthy accountant, by recording everything I did. Every penny that came in and every penny that went out went into the columnar pad. Tracking my progress was so important to me I refused to go to…

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Buying Stuff Just to Throw it Away

By Keith Taxguy / February 3, 2016 / 11 Comments

Out in the boondocks where I live the garbage is picked up every two weeks; recycling once per month. Until a few months ago this arrangement worked well. Garbage was placed in a large barrel the garbage truck could automatically empty into the truck hopper. Recycling was placed in blue plastic bags with paper and cardboard placed in either a box or tied in a bundle. A few months ago the system was changed for recycling. Bags were replaced with a blue barrel the same size as the garbage barrel. I understand why the change took place. Under the new system the recycling company could run the route with only one employee. The truck has a lift (like the garbage truck) to grab the barrel and empty the contents.

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