Level 7

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2023 Income tax Season

Forum|Forum|3 years ago
July 7, 2023
9 replies
25 views

To all of my fellow tax preparers I am letting it be known that contray to what I was saying a few weeks ago that I am not going to hang in there for one more tax season. The year of 2023 is my last one. I will be 80years old by the time next tax season is over and the way this business seems to drain me more each year I am afraid i I try one more season next year at this time I will be pushing up flowers. We have had some tough problems to work thru the last few years along with a few laughs and I am going to miss chatting with all of you. For a retirement present if you would like to send me one I will give you my address and you can mail me a case of Fireball.

ProSeries Basic

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Best answer by IRonMaN

When he cuts himself, he bleeds Fireball so it’s kind of a medical necessity for him to have plenty of it on hand.

IRonMaN

Level 15

I hope you have a long and relaxing retirement. But for what it’s worth, you can still stop and say hi from time to time whether or not you are still working.

Slava Ukraini!

R

rcooley25Author

Level 7

I just might do that. After all some one has to keep you guys straight.

sjrcpa

Level 15

Congratulations!

Will you be needing Fireball so much in retirement?

The more I know the more I don’t know.

IRonMaNAnswer

Level 15

When he cuts himself, he bleeds Fireball so it’s kind of a medical necessity for him to have plenty of it on hand.

Slava Ukraini!

rbynaker

Level 13

Hopefully this will be a fairly mild tax season. The energy credit stuff changes for 2023 but not too much else (yet). There were a lot of fairly complex provisions in Build-Back-Better that will drive me into early retirement if they ever get passed.

Enjoy life after tax season!

BobKamman

Level 15

When my clients ask for my advice on whether it's time for them to retire, I ask how they are feeling. If they tell me they are feeling fine, I tell them it's time to retire so they can enjoy life before they start feeling bad. If they tell me they are feeling bad, I tell them it's because they keep working when really it's time for them to retire.

George4Tacks

Level 15

If it ain't FUN, don't do it.

I will be 79 this year and only use Fireball occasionally, When things get tough, I go out in the yard, listen to the birds, pull a few weeds and smell the roses (or the Dracunulus vulgaris if it is in bloom) The clients are like family. It is nice to keep up with their missteps as well as being able to share mine.

Answers are easy. Questions are hard!

H

Hillenburg

Level 5

The best advice I've received is don't retire from something, retire to something. eg. strip club bouncer, Wagner enlistee, U.S Congressman, anything easier that tax preperation.

H

Hillenburg

Level 5

preparation

qbteachmt

Level 15

It's good to go out on your own terms. When my father ended up in a care facility for a physical issue, we noticed he also had become demented but was hiding it. I pulled the plug on his tax practice. During a family visit, I gave him an update that I was winding it down and he was now retired. The next nurse that entered the room, he turned to her and announced, "Hey, guess what? I'm Retired!"

I can't ship a case of Fireball. Sorry. Next thunderstorm you have, I'll try to send an actual fireball.

Don't yell at us; we're volunteers

PATAX

Level 12

@rcooley25 Good luck in retirement Brother Cooley. We will miss you.

Accountant-Man

Level 13

Sell it! Make a few dollars.

** I'm still a champion... of the world! Even without The Lounge.

G

Greta

Level 7

Can anyone share an experience of selling a tax preparation business?

George4Tacks

Level 15

I have done it twice. The second one went smoothly, I foreclosed on the first and went back into the business for another 20 years.

Look for a brokerage firm that specializes in selling tax businesses in your area.

https://www.google.com/search?q=tax+practice+sale

https://www.google.com/search?q=accounting+practice+sales

Try to get an all cash deal, but you will likely get a percentage of gross sales for some number of years. That way the buyer has some assurance the clients will come to them, rather than shopping for a new preparer.

Answers are easy. Questions are hard!

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