$120,000 bill from the IRS! 🤯

Recently, I had an unexpected $120K tax bill. Needless to say, it was a lousy day.

The thing was that the tax bill was completely valid. What got me is that my accounting firm never warned me.

$120,000 disappeared from my account. No notice.

This is why tax planning and strategy are so important.

This is why it is important to have an accountant who CARES. 

So, I have taken all my accounting back from the large firms I was using. I am now using only HomeServiceCPA.com. It will save me a lot of money. Now, I have an accountant in my corner who is advocating for me.

I recommend that you meet with your tax accountant in December every year. Get an estimate of what your tax liability looks like. With the new administration in 2025, your strategy may need to change. Yes, you can always get a cheaper tax prep service. But we are all familiar with the same notion in our home service industry. You get what you pay for. If you have more than $500K in annual revenue, do not skimp on your accountant! One good strategy or loophole can save you thousands of dollars. At least it can prevent unexpected tax bills from popping up out of nowhere.

Brad Draayer is the CPA and my partner at HomeServiceCPA.com

He started working with me over 6 years ago. He would be my project manager in the Summer. Then, he would work for TurboTax in the offseason. He knows the demands of owning a blue-collar business. He was in the field when we first switched to Pay-for-Performance.

Home Service CPA does bookkeeping and payroll. We also process tax returns and conduct tax planning for our clients. If you need an end-of-year tax plan, please sign up at HomeServiceCPA.com. Brad has 12 spots left. Then, we will close applications for this season.

PS - Use the code "christmas" and get $200 off the enrollment and setup fee!