The Weather and Tax Prep Fees…

Rick Walter, CPA
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Yesterday was the most bizarre weather day I have ever encountered in my 53+ years on this planet, and I have lived on both coasts, Arkansas, and South Dakota. It was calm and cloudy in the early morning and then during my first meeting, it snowed – the kind of flakes that are the size of Frisbees.

Later that day it rained so hard I did not go to lunch. In the afternoon it rained and then snowed all in the span of 20 minutes and by 5pm it was nice enough to take a walk; and I did. While working late, I heard the sound of hail hitting the roof and my truck was covered with it.

So, what does this have to do with taxes? The bill you get from your CPA can have just as many swings as the weather. Let me tell you about the clients I met with during this weather pattern.

My morning meeting was with a long time client and our meeting was calm. We spent the first 15 minutes catching up on what has been happening the last year and the rest of the meeting went very fast as his information was in good order. His bill will not have him reaching for an umbrella.

The next valued client came in with a briefcase, plastic bag and a three ring binder that could have held the NY city phone book. Information was raining down on me from every direction and it was going to take all my talents to weather this storm of data. The bill for this return may cause him to purchase flood insurance.

I am hoping you follow my logic and put in a little preparation time. In addition, please use our organizer as it will certainly make a difference on the bill. Bring a sweater just in case.

I want to send a thank you out to my florist (yes, I have a florist!). Robert, you are the best!!

Thanks for listening and I will talk at you next week.

Author: Rick Walter, CPA

Rick Walter brings over 25 years of professional tax and accounting experience to Hutchinson & Walter. Specializing in small to mid-size business entities and start up organizations, Rick brings a deep understanding of the unique tax compliance and accounting issues specific to those entities.

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