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| Favorite team: | LSU  |
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| Number of Posts: | 38 |
| Registered on: | 6/11/2007 |
| Online Status: | Not Online |
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re: Tax prep advice
Posted by Pheeze on 1/3/23 at 8:37 am
Thanks to all for the advice. Agree is seems wise to have a professional set of eyes look at our taxes, at least for this first year.
Now to the next question - any advice on how to find help? Should I just google local CPAs and interview a few? I'll also ask a few of my local friends, neighbor...
1
Tax prep advice
Posted by Pheeze on 1/2/23 at 10:13 am
I'm in my mid 40s and have been doing my own taxes through TurboTax for as long as I remember. I file jointly with my wife and she started her own consulting business this past year which has me wondering whether I should grow up and seek some professional help with our taxes as there may be things ...
re: The coaching search is over
Posted by Pheeze on 11/24/21 at 9:45 pm
It’s Bieniemy….all makes sense now...
re: Should my wife sign this?
Posted by Pheeze on 10/3/11 at 10:13 pm
We're thinking it's likely she'll just be let go tomorrow instead of letting her work the full two weeks. If this is the case then they'll probably pressure her to sign whatever it is before walking out the door.
At a minimum I'm telling her to resist by saying she wants to have a lawyer review...
Should my wife sign this?
Posted by Pheeze on 10/3/11 at 9:12 pm
My wife is in sales and just gave her two week notice to her current employer that she's leaving to go work for a competitor. They mentioned today that they wanted her to sign something before she left. We don't know for sure what it is but it's likely to be some sort of confidentiality, non-compet...
re: Document Scanning Service
Posted by Pheeze on 7/8/11 at 3:05 pm
Thanks - it's looking like buying a scanner may be the most affordable option. I can also probably get some value for it on craigslist once I'm done with it....
Document Scanning Service
Posted by Pheeze on 7/7/11 at 4:02 pm
Does anyone know of an affordable way to scan about 10k standard size pages into digital format? I have a few boxes of old coursepacks (binders with all the course contents/cases) from my MBA courses that I'd like to get rid of but I want to make sure I still have access to the content. After sear...
Keeping crabs alive
Posted by Pheeze on 4/2/11 at 10:07 am
What's the best way to keep live blue crabs alive for 6-8 hours?...
Pelican Club
Posted by Pheeze on 3/17/11 at 10:35 pm
How formal is the dress? Nice jeans and button down or slacks and coat?...
re: 401k versus Roth IRA Contributions
Posted by Pheeze on 3/5/11 at 1:20 pm
[quote]I don't think this is accurate. There are some instances where you can withdraw funds, though.[/quote]
I think you're thinking of the penalty for withdrawing earnings.
You can withdraw your contributions at any time but if you choose to withdraw your earnings as well then there's a pe...
re: 401k versus Roth IRA Contributions
Posted by Pheeze on 3/5/11 at 8:22 am
Here's the general prioritization I use when figuring out where I should direct my retirement savings:
1) Contribute to 401k up to company match - in your case this would be ~4%
2) Contribute the remainder to a Roth IRA until you hit the limit
3) Contribute the remainder to a traditional IRA ...
re: Cost of DSO
Posted by Pheeze on 3/2/11 at 7:30 pm
[quote]But if you want to do it for two years, then use my formula times 2[/quote]
That was my original thought as well but something just doesn't feel right about that. Not sure why it just seems like I'm not accounting for some compounding effect....
re: Cost of DSO
Posted by Pheeze on 3/2/11 at 7:27 pm
[quote]Is your DSO being calculated using average AR over the two year contract period?[/quote]
Yes - I'm calculating a historical DSO in order project a future cost of DSO. My reasoning is that if a certain client has some historical DSO they are likely to sustain that behavior in the future. ...
re: Cost of DSO
Posted by Pheeze on 3/2/11 at 6:29 pm
[quote]wouldn't it be: (Avg Sales $/Day)x (average days outstanding)x(wacc)? [/quote]
Essentially - but originally I was just calculating the unit cost (per day of DSO)...
Cost of DSO
Posted by Pheeze on 3/2/11 at 5:29 pm
I need some help calculating the cost of excessive DSO (days of sales outstanding) for specific clients.
I think I'm clear on calculating the cost of a single unit of DSO on an annual basis: Client's Avg Sales $$ Day X my company's WACC. Am I correct in this calculation?
Assuming that's corre...
re: Deadline for converting old 401k to Roth IRA
Posted by Pheeze on 12/16/10 at 5:50 pm
Thanks but I'm still not sure how to interpret that.
I have a traditional IRA that was a 401k rollover. Does this mean I have until April 15th (tax day) to deposit into a Roth IRA and pay taxes on it for the 2010 tax year?...
Deadline for converting old 401k to Roth IRA
Posted by Pheeze on 12/15/10 at 6:45 pm
I'm thinking of converting a traditional IRA (old 401k) to a Roth for the 2010 tax year. When do I need to make this decision? Can I wait as long as April 15, 2011 to make the call?
I'd like to wait until I complete my federal taxes to see what impact various conversion amounts will have but no...
I'm looking to open a 529 for my daughter but I'm not really sure how to choose the best one since it's pretty new to me. I'm a Texas resident so there would be no state income tax deduction available and I'm not interested in a prepaid tuition plan.
Since I do most of my investing with Vanguard...
re: I feel like an idiot for not knowing, but what city is this??
Posted by Pheeze on 8/22/10 at 11:15 am
Lived there for 3 years and have seen this view from the plane many many times....
re: I feel like an idiot for not knowing, but what city is this??
Posted by Pheeze on 8/22/10 at 11:11 am
It's Philly....
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