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0 pointslifeformed5y ago0 comments

I hear this advice a lot, but what does an accountant actually do differently? It always sounds magical. Are there super secret deductions and credits that aren't on Turbo Tax, and only accountants know about?

I feel like I'm doing 90% of the work already, having organized all my expenses and income. What are they doing other than typing it into their own Turbo-Tax-equivalent?

0 comments

snowwrestler5y ago

My brother explained it to me this way:

“TurboTax will take what I did last year and minimize my taxes. My accountant will tell me what to do differently this year to minimize my taxes next year.”

In other words a good accountant is a forward-looking advisor, not just a calculator.

j / k navigate · click thread line to collapse

0 pointslifeformed5y ago0 comments

I feel like I'm doing 90% of the work already, having organized all my expenses and income. What are they doing other than typing it into their own Turbo-Tax-equivalent?

0 comments

snowwrestler5y ago

My brother explained it to me this way:

“TurboTax will take what I did last year and minimize my taxes. My accountant will tell me what to do differently this year to minimize my taxes next year.”

In other words a good accountant is a forward-looking advisor, not just a calculator.

j / k navigate · click thread line to collapse