How Much Money I Made In 2021 As A First Year CPA Firm Owner

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Information How Much Money I Made In 2021 As A First Year CPA Firm Owner

Title	:	How Much Money I Made In 2021 As A First Year CPA Firm Owner
Lasting	:	11.41
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I make $85k as an employeebrMy responsibilities-brMeet 90 clients in person or zoom brPrepare approx br200 1040sbr18 S and C Corp br20 Partnership br15 trust and estate br15 bookkeeping using QBO
Comment from : FinancEd

what continuing education expenses did you incur if you already had your Masters of Accounting and your CPA?
Comment from : Ellington King

Love the quality of your videos and the value you're providing! Thank you very much for your hard work
Comment from : Luna Morris

What software do you use?
Comment from : Nickolas Wolfe

Can every CPA earn 100000+dollar income
Comment from : Bhakti Sanhita

Lol when you said you dont track your time and paused, I really felt that lol Hate tracking my time
Comment from : MrJfils07

Thank you for sharing What do you mean affiliation partnership? I only like to make enough work less time, but hesitate to start on my own
Comment from : Michelle F

Thanks for sharing Logan 👍
Comment from : PJseries

Hi Logan, is buying accounting firm is good option ?
Comment from : Pratip Patel

This video is very insightful and high quality! Keep it up!!!!
Comment from : Vlad Petskel

The $800 club is a good place to be my friend - it's better up here :)
Comment from : Jake Adams

Hi, I own an accounting and advisory firm in NJ How can I go about buying clients????
Comment from : Cristina Huerta

10:38 France does this for law
Comment from : Blitz Analysis

Thanks for the video, my wife just got a job with Elliott Davis a CPA firm, so I'm just looking for CPA videos on YouTube
Comment from : Nikka Pubess

Thanks for sharing your numbers!
Comment from : Gary Lee

How much did it cost you to buy that book of business and how much of your expenses are deductible?
Comment from : Deuante Kelly

Great video!!! Overall great content in general
Comment from : Karnjit Singh

Did you pay yourself rent Find ways to take advantage of QBI
Comment from : Francis Mazanet

Can’t wait to see your 2022 video like this one I want to open my own firm Also can you do a office video of your gear specifically the sit stand desk which I am obsessed to get but not sure which brand
Comment from : Moe Mindick

Logan, congratulations on your first year and I found that your statements regarding your "take home" now vs as an employee should serve as a motivator to anyone thinking of opening a new firm My experience was similar and I've never looked back
Comment from : Scott R Frick

Keep up grt work
Comment from : Rizwan Zafar

Yes please make more videos!
Comment from : Pearl Ivory

Huge congrats!
Comment from : Pearl Ivory

Hey yo only question where you find your clients
Comment from : JayFi

Thank you for the info, I'm new to the channel and the video was great I am going into my 4th busy season and just received my CPA My tax return work has been similar to what you mention and I feel like I still have a ton to learn on low level taxes alone I'm just starting to consider what it would require to be self employed and am trying to identify some of the specific nuts and bolts needed to get started For example, do you keep your practice in an S-corp and pay out a salary and distributive share? Does your software charge on a per return basis? Is it a suite package which offers an upload module for clients as well as file management, tax software, etc Do you use digital marketing to bring in new clients? Any specifics to your insurance policy that you find important? These are mainly content ideas, not asking for a reply on all I will also subscribe and follow Thanks again!
Comment from : beephex1

What software helped you automate 1040 returns?
Comment from : Out of the blue

This is a good video What a great guy
Comment from : FBI

Very valuable insight Thanks for the transparency!
Comment from : Jordan Pridemore

Is there a way to contact u?
Comment from : Philip

Commenting for the algorithm, I hope you do the 22 busy season breakdown Subscribed w notifications
Comment from : Anonymous

great video, thank you for sharing I will be taking the leap and starting my own firm soon and this is inspiringbrbrCan you do a video going over all of the software and programs you use to manage your practice?
Comment from : Hayden T

How many employees do you have so far?
Comment from : multivitamin

Thank you si much for this video I’m so glad to find someone that does a breakdown of how their business is going as it’s really helpful for reference I’m an accounting student so this really gives me a little direction of future opportunities I hope your business keeps growing
Comment from : Nicole Cruz

Hey Logan, thanks for the informative video! Was there no non-compete clause at your previous firm? They didn't take issue with you taking on 60 of their former clients?
Comment from : KavemanLyrics

Thanks you so much for sharing
Comment from : Respect The Conglomerate

YEE YEE
Comment from : Isaiah Nix

Great video! Glad your first year solo was a success I'm a recent CPA and thinking this may be my goal after a few more years of experience
Comment from : Caleb_CPA

What was the automation software you used?
Comment from : Adam Ripperdan

This was a great video and inspires me I’m also thinking of starting my own firm…or buying one Do you mind sharing how you located a contractor to help with some of the tax return prep?
Comment from : Ryan C

❣️ ρ尺ｏΜ𝐎ᔕᗰ
Comment from : Harland

Great video 80K in Austin isn't bad at all You should be really proud of your effort!
Comment from : Ryan Beals, CPA

$600 for a few w2s?!?! 😂😂😂
Comment from : throw away

Wow it’s really amazing
Comment from : PARIKOY’S VLOG 3

Great video!
Comment from : JJ THE CPA

Great video
Comment from : Erik Johnson

Thank You for sharing your numbers I can only imagine the confidence and guidance that this video may provide to other CPAs that are dreaming of opening their own firm
Comment from : Rob Moffett

I’ve been trying to find a video like this for a year now Awesome!
Comment from : Nicholas Shook

Great presentationJust wondering why it costs so much to prep personal tax returns in the statesWe charge pretty lower than that for personal in CanadaComplicated personal returns charges start at say $300 depending on time spent but basic personal still go for $CAD100Love the breakdown of income and expenses and would suggest that you leverage accounting services that would cover accounting/bookkeeping, payroll, advisory, tax prep/filing and transaction taxes for businesses in exchange for a monthly revenue pull from those client baseImagine 100 business clients each paying monthly fee of $500 each in exchange for listed services?Congrats on starting and all the very best
Comment from : folorunso dada

Congratulations on a great start!
Comment from : Cam Matheny

Well done!!! Congratulations! Keep up the good work and great ideas!
Comment from : Angie Sowell

Proud of you Logan Keep on grinding
Comment from : Steve Warmerdam

Omg I applaud you for your transparency! Congratulations on knocking it out the park with your goal and your take home percentage brbrI’m curious about how you accept payments Less than a tenth of a percent of your revenue seems great!!
Comment from : Paridhi Jain

Thank you so much for this video Logan! You did AMAZING your first year! I'd love to see more videos, especially the 2022 season, since now I'm curious how bonkers it was :)
Comment from : Mara Alexander

Awesome video! Great to hear how other firms are operating and you had a great year!
Comment from : Hullstone

Pretty good first year dude, mine was about the same, started in 2020 I think you're getting a little hosed on the tax software, also curious to know more about this 1040 automation software?
Comment from : AshS