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Posted on 7/27/22 at 8:48 pm to slackster
quote:Not insecure, just sick and tired of shitty CPAs acting holier than thou.
You’ve found a way to make Mingo seem reasonable with your insecurity.
Posted on 7/27/22 at 8:51 pm to ChexMix
quote:
Not insecure, just sick and tired of shitty CPAs acting holier than thou.
I know a tax preparer that is awesome, been doing it for years and has as much or more knowledge than just about any CPA I know.
I also know the shite you've been peddling on this site boarders unethical and at best is taking advantage of people that don't know ant better.
Also, how would you know if I'm shitty or not? Or are you just slinging insults because someone is calling out your very obvious scheme?
This post was edited on 7/27/22 at 8:53 pm
Posted on 7/27/22 at 9:05 pm to ChexMix
Well thus got out of hand.
I was just trying to provide an update. There's been a fair number of threads with people asking what is taking so long for the checks to arrive.
There's going to end up being a lot of fraud in the ERC. Just like there was a lot of fraud in the PPP.
A lot will not get caught. Some will.
News flash. There are a number of tax CPAs out there who are so busy filing tax returns that they don't provide value added services for their clients. Like advising on ERC.
The majority of good tax CPAs out there aren't taking on any new clients. Or if they are... for every new client, they are firing a current client.
I wish more tax CPAs provided more value added services to their clients. But they are too busy trying to keep their clients in tax compliance.
I was just trying to provide an update. There's been a fair number of threads with people asking what is taking so long for the checks to arrive.
There's going to end up being a lot of fraud in the ERC. Just like there was a lot of fraud in the PPP.
A lot will not get caught. Some will.
News flash. There are a number of tax CPAs out there who are so busy filing tax returns that they don't provide value added services for their clients. Like advising on ERC.
The majority of good tax CPAs out there aren't taking on any new clients. Or if they are... for every new client, they are firing a current client.
I wish more tax CPAs provided more value added services to their clients. But they are too busy trying to keep their clients in tax compliance.
Posted on 7/27/22 at 9:18 pm to LSUFanHouston
What infuriates me is the unfounded sense of moral superiority being displayed by Mingo. She said she charges "WAY more than 300 an hour". So let's just say 400 an hour. The bill for the dentist came out to be roughly 5800. That's 14.5 hours of work on the ERC. Zero chance she could complete the engagement with less time invested. She is such a hypocrite
Posted on 7/27/22 at 9:22 pm to ChexMix
quote:
So let's just say 400 an hour
Way more
quote:
The bill for the dentist came out to be roughly 5800. That's 14.5 hours of work on the ERC. Zero chance she could complete the engagement with less time invested.
The people I'd have doing the lions share of the work aren't as expensive
Posted on 9/12/25 at 10:15 am to Mingo Was His NameO
Yo ChexMix, you been sued yet or just took bunch of money and ran away?
Posted on 9/12/25 at 11:53 am to LSUFanHouston
quote:
There's going to end up being a lot of fraud in the ERC. Just like there was a lot of fraud in the PPP.
A lot will not get caught. Some will.
Maybe this was rumor, but didn't the government just auto allow PPP to not be audited if it was under a certain $$$ ? I'd assume ERC will be the same, the government just doesn't have the time to audit everyone under a certain amount of $$$ when there are bigger and easier fish to fry.
ETA: I've been told by multiple sources that the state of Florida will virtually never audit sales tax for anyone under $1 mil revenue a month outside of extremely rare situations.
This post was edited on 9/12/25 at 11:54 am
Posted on 9/12/25 at 12:30 pm to baldona
quote:
I'd assume ERC will be the same, the government just doesn't have the time to audit everyone under a certain amount of $$$ when there are bigger and easier fish to fry.
Per usual, your assumption is wrong
quote:
I've been told by multiple sources that the state of Florida will virtually never audit sales tax for anyone under $1 mil revenue a month outside of extremely rare situations.
You’re sources, like you, have no idea what they’re talking about
Posted on 9/12/25 at 12:45 pm to Mingo Was His NameO
quote:
You’re sources, like you, have no idea what they’re talking about
So now you specialize in, let me get this straight? Kentucky, Texas, Louisiana, and Florida accounting? Specifically with each Dept of Revenues?
I didn't realize we have the country's most badass accountant around
Posted on 9/12/25 at 12:51 pm to baldona
quote:
So now you specialize in, let me get this straight? Kentucky, Texas, Louisiana, and Florida accounting? Specifically with each Dept of Revenues?
I’ve worked audits in all of those states, yes. Plus a lot more including Washington, California, Alabama, New York, Illinois, amongst others. Including several in Florida for clients that have less than a million a month in revenue.
The state’s aren’t stupid, huge companies and smaller to middle markets, particularly in certain industries, are where their assessments are going to come from in sales tax. The first thing they’re going to do is run income tax returns against sales tax returns and if it doesn’t reconcile, open an audit or send you a summary assessment. If a taxpayer has about $500k in taxable revenue where they aren’t collecting tax (which happens WAY more than you’d think), you’re looking at a $1.5-$2 million dollar assessment for the state.
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