As a CPA I talk to people about finances from all walks of life, including and beyond my clients. I think a lot of poverty is rooted in something more fateful and tragic than unequal opportunities but unequal IQ, and I'm not sure how ethical our system can be, given this observation.

And when I say IQ I don't mean value-based decisions like buying designer at the expense of rent. I mean basic calculation and strategy like aligning credit cards in a way to maximize liquidity, calculating expected fees on stuff and a lot of other things I was doing before I ever considered becoming an accountant...in like high school.

I look at a lot of financial situations and I can't say in good faith that any government program will help them because they're just really bad at IRL algebra and they wont square away the x even x represents a greater share of resources.

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u/AviatorHog — 3 days ago
▲ 4 r/Kalshi

Is it just me or is the watchlist feature gone from Kalshi since the update?

I seriously understand don't understand why such an important feature was removed or immensely difficult to find. Like why?

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u/AviatorHog — 14 days ago

Is it just me or are Public Accounting firms that took PE capital mandating Business Development/Sales at oddly low levels of management (like Senior Manager and even manager)?

Something tells me this pressure is coming directly from the GP/Mgmt Companies which is a big reason why CPA boards prohibit non-majority CPA ownership for this very fucking reason: to mitigate undue influence on the profession.

I guess by losing the letters after the company name + insisting CPAs no longer use their credentials in email signatures and on LinkedIn is a workaround, but this shit is getting out of hand guys.

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u/AviatorHog — 19 days ago
▲ 11 r/poverty

Why are you poor? Is it too much in expenses or too little in income and how much of either are beyond your control?

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u/AviatorHog — 1 month ago

This franchise spoiled me. I can't go back to normie 1st person shooters like Call of Duty and Battlefield (mostly because they're too easy and lack creativity).

I also wrapped up Youngblood late last month. Wow. What a fucking great game. I usually delete games when I'm done playing them to save memory, but this one will always be on my PS5 (played the others on PS4).

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u/AviatorHog — 1 month ago
▲ 0 r/GTAV

Idk why players in competing motorcycle gangs get soooo angry when I carpet bomb them with my MK Oppressor II. Its right there in the name: I'm supposed to oppress you. 😂😂😂 s/

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u/AviatorHog — 1 month ago

I will die on this hill: our industry should lobby for and normalize bookkeeping as a function done by CPAs, especially new solo CPA firms that need the work. I have no clue why we've accepted this as something that Tina & Timmy the liberal arts majors w/ QBO certificates do "but not us".

It will not drag down the value of the profession (contrary to what some people think), particularly for audit, tax and consulting. You can charge lower rates for bookkeeping than your other line of services that demand premium pricing.

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u/AviatorHog — 1 month ago
▲ 0 r/CFP

Im a CPA & RIA (Accelerated Path CFP candidate): Unless you are also an EA/CPA, you should not only have several EA/CPA referral relationships readily available to send your clients for tax compliance and planning, but you should also NOT expect referrals the other way. Especially for Trust & Estate

Many CFPs dont like hearing this but most of them don't understand most areas of the tax code, and the the forms nor various schedules to those forms. And the issue compounds when it comes to fiduciary tax items such as forms 1041, 706 and 709. I specialize in this

When you reach out to a CPA, your expectations should not be business development referrals...at all. It should be finding a competent tax professional in an exponentially dwindling pool of tax pros. That's it. That's all. Because we know you can't do it alone as a good faith offering to your clients.

Oh and stop trying to hire people in-house. Most qualified CPAs realize the demand for their services and how they can make 3x-5x more with their own firm, and simply hire someone to facilitate the admin headaches. Pay us what you owe us (we also know that advisors easily make 8-12x more top line revenue PER client relationship, so its not even an even-trade), and be thankful that most tax pros are so risk averse they won't entertain new waters of financial advisory despite the substantially greater margins.

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u/AviatorHog — 1 month ago
▲ 3 r/OnlineLawSchools+1 crossposts

Has anyone attended and graduated from St. Mary's Law School (San Antonio Texas) via their 100% online program? Amd if so, how did that work out for you in terms TX Bar prep?

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u/AviatorHog — 1 month ago
▲ 17 r/taxpros

Help me reconcile here: Its commonplace, especially in the post-covid era, for firms to turn away clients but other firms (mostly and expectedly newer ones) are having trouble landing clients? Seems like the obvious solution is obvious.

Why are firms just turning clients away instead of setting up a new firm owner with the lead, even if its for a fee?

Just doesn't make sense to me and sounds like a terrible management of resources as a profession.

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u/AviatorHog — 2 months ago

I'm a CPA with Public Accounting & Fund Admin experience. Thinking of starting my own boutique Manco. Fund theme would be a Captive RIA Model via small CPA Firm Roll-ups. What to consider before approaching Placement Agent Firms?

Specifically, at what fund size/track record threshold do placement agents typically start engaging with a first-time fund sponsor?

And is a captive RIA strategy via CPA roll-ups a thesis they've seen before, or is it novel enough to need extra education in the pitch

FYI: I'm technically an RIA myself.

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u/AviatorHog — 2 months ago

People are complaining about the physical version of GTA 6 not having a disc. But can we talk about how buyers of the Ultimate Edition are not getting any sort of physical memorabilia?!?!?!!

Its absolutely insane to me as a buyer of the pre-order ultimate edition that my purchase doesn't include anything physical at all. Not a shirt, trucker hat, GTA6/VC map, certificate of authenticity, or ever a Vice City postcard...absolutely nothing.

What a fucking inconsiderate move?

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u/AviatorHog — 2 months ago

Just an FYI for hiring managers before you spend money on a recruiter hoping they will use some magic recruiting dust to find you a nominally hard-to-find candidate: If you're role requires hiring locally you PROBABLY dont have a recruiting limitation, you likely have a flexibility limitation.

cant believe I used the wrong your. lol

*Your role

In the same way if you were fat and bald and not landing any dates, its more logical to slim down first to see what your options are rather than spending money on an invasive and expensive hair transplant surgery. ​Address what's immediately within your control before reaching out for external solutions.

And FYI: recruiters just use more job search engines/platforms than you and spend more time dealing with the inevitable flooding of dud applicants; there's no special recruiter magic. Beyond that...a recruiter is useless for solving for a quality problem.

If your role is remote, you will have a quantity problem instead of quality problem...which is the right kind of problem to have as a hiring manager.

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u/AviatorHog — 2 months ago

I'm super curious about what goes on in the minds of executives that literally beg Controller and Senior Manager candidates in interviews to come to an office 5-days a week. If they're such good fits and desperately needed, why not offer some flexibility?

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u/AviatorHog — 2 months ago
▲ 0 r/LSAT

Does the Kaplan course, or any other prep program, actually go over the basics of logic and argumentation? Or are those basics just taught via the MCQ answer reviews?

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u/AviatorHog — 2 months ago
▲ 25 r/CPA

Unpopular Opinion: Passing your CPA exams should get you the ability to buy an official CPA championship ring. Just like NBA players win 4 games in the finals, we win 4 exams. Another perk is us being able to shit on the Charles Barkleys of the profession. 🤣

Take notes AICPA...its another for you guys to make money off of us...and we'll worth it in my opinion.

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u/AviatorHog — 2 months ago