can anybody else read this? i swear i keep refreshing it but all i see is "Logan is so tall, handsome, and smart"
@jackjack-xj4mc Жыл бұрын
@@cpashane bring back the top gun stash!
@briancastro6082 Жыл бұрын
The transparency is inspiring. Just completed my CPA in February and would love to open up my own firm one day. Thank you.
@taxtelegraf Жыл бұрын
Thank you, Brian! Congratulations on the CPA!
@LoganAllec Жыл бұрын
Wow, that's quite a % increase year over year. Congrats! My dad works for me too - started last year (part-time) and transitioned to full-time this month.
@taxtelegraf Жыл бұрын
Get out of here! Are we twins?
@robertgarcia965210 ай бұрын
Been an accountant for 6 years now, 4 in public and going on 2 in private. About to finish my CPA and really want to start my own firm due to the extreme shortage of CPAs and all the demand there is. Really appreciate these videos!
@taxtelegraf10 ай бұрын
You can do it!
@walt662 Жыл бұрын
I'm a 20-year-old junior double majoring in Accounting and Finance. I want to get my MPA and shortly after that my CPA, and after working for a few years to gain experience, I want to open up my own firm as well! This is super cool to see; I really appreciate the transparency here, as I have been wondering if it is worth it to go against the grain and start my own firm rather than working under someone my whole life! It seems like it is if you're willing to genuinely put in the work!
@taxtelegraf Жыл бұрын
Awesome! Working for someone for a few years is important to get technical skills.
@walt662 Жыл бұрын
@@taxtelegraf Absolutely! Honestly not looking forward to that part too much, but I know it is necessary haha!
@lunamorris2091 Жыл бұрын
Love the quality of your videos and the value you're providing! Thank you very much for your hard work.
@amandaworth5193 Жыл бұрын
Best of luck! I appreciate the KZbin content as somebody who wants to start their own CPA firm in the future 🎉
@gilligan1350 Жыл бұрын
Yes, please do more of these breakdowns. My wife and I are taking over my parents practice when they retire, and I'm stressing about that transition period from them to us. This is exactly the type of video I need to make sure I don't mess it up. Thank you!
@kevinstefanie Жыл бұрын
Good stuff Logan. I like your goals for 2023 also. More money is good but more time is priceless.
@taxtelegraf Жыл бұрын
Amen!
@terrellaturner82808 ай бұрын
Logan congrats on the progress and the growth I love seeing your progress and I love the transparency to help others
@Deej0777 Жыл бұрын
Another great video! Thank you for being so open and sharing this with us. Great job in 2022 and good luck in 2023!
@taxtelegraf Жыл бұрын
Thank you, DJ!
@doncooley5941 Жыл бұрын
That is awesome. Great job Logan! Well deserved success
@taxtelegraf Жыл бұрын
Thank you, Master Don!
@jessicahodgson-escobar3301 Жыл бұрын
I love this, It helps me have a clearer idea of how others work on their business and not feel alone in this industry.
@kimberlychin1996 Жыл бұрын
Your mic sounds so much better than your PY videos! Thanks for your advice for both 2021 and 2022!
@taxtelegraf Жыл бұрын
🙌
@yargtteluh Жыл бұрын
Hey Logan, enjoyed your video. I'm a struggling CPA. I became a licensed CPA in 2014. I Have yet to break 200k or get anywhere near that. I even joined a small accounting and tax franchise in mid 2019 to help me grow my biz, and well let's just say I'm still waiting for that to happen. I have realized that I need to do better marketing, or something. I'm outside of Denver CO and look to that market for most of my clients. My minimums are no where near yours and I'm reluctant to raise my fees on old clients, and hard to stick to my guns on pricing for new clients. I can really relate to hard to turn down work. It's just me and sometimes my daughter with help with some basic data entry and qbo work. I can't afford a lot of money for "coaching but did look at Jason's and it seems a little pricey for me. Idk what the heck to do?!
@taxtelegraf Жыл бұрын
Gary! Thank you for sharing that. You are worth the high fees. Post a high fee on your website for new clients to see and refer to that when you take on new clients. That way you don't talk yourself into lowering them on the spot.
@musicplaylist5554 Жыл бұрын
Great Information . Congrats !!!
@taxtelegraf Жыл бұрын
Thank you!
@taxwisecpa9 ай бұрын
Great insights Logan! My only thing is where to get quality clients who appreciate the work and pay decently
@taxtelegraf9 ай бұрын
That takes time. I advertise my pricing on my website to help weed out those that are looking for the cheapest option.
@bodega294 Жыл бұрын
This is a gold mine, thank you!
@RunShootSki Жыл бұрын
Here before Jason
@jasoncpa Жыл бұрын
👀👀
@NAZ-fu3mv Жыл бұрын
Bro, you are actually so funny and I like the content!
@susanrodriguez9438 Жыл бұрын
You're doing everything right
@Jhonelle_Bean Жыл бұрын
That's so awesome!!! Way to go Logan!
@taxtelegraf Жыл бұрын
Thanks, Jhonelle!
@pearlivory3483 Жыл бұрын
Wow. The transparency is GREATLY appreciated.
@flowstateentertainment83957 ай бұрын
awesome stuff man
@marioglzz Жыл бұрын
Great content! As someone that is also starting, valuable advise. What outsourcing service are you using?
@taxtelegraf Жыл бұрын
I may disclose that later.
@nathanbunton7031 Жыл бұрын
Get it Cuz!!!
@mara_alexander Жыл бұрын
That was a KICK ASS video Logan! Thank you so much for your honesty and sharing your processes/thought processes/dad jokes! :) One thing that surprised me though....you bill on completion for basic 1040s. Have you changed that since you made the video, or has it worked out for you to bill after the fact?
@taxtelegraf Жыл бұрын
Thank you so much! For 2023, I have started collecting a deposit up front. I'll probably increase the deposit for 2024.
@marcoechevarriaThaRula Жыл бұрын
very nice!
@trotacaminossomewhere4643 ай бұрын
You are an inspiration to me. Do you mind sharing what tax software do you use, I am familiar with Lacerte.
@taxtelegraf3 ай бұрын
UT
@LetsGetDown2BusinessAcg Жыл бұрын
Can you make a video for people wanting to startup their own firm on how you chose your tax software and what features you and your clients like the most?
@malikmcgowan231 Жыл бұрын
Hey Logan awesome video! I'm about to graduate and sit for the CPA exam in a few months. I'm starting in financial due diligence/audit at big 4 this fall but plan to start doing returns for small businesses/ individuals on the side with hopes of growing it into something much bigger. What advice would you give to someone like me who doesn't get much tax exposure but wants to learn more while working in a different field of accounting? Thanks!
@taxtelegraf Жыл бұрын
Thank you! You can do it!
@badatpc Жыл бұрын
Hi Malik! Good luck on your CPA exams. I passed mine last year, and I also started in audit. After a year, I switched over to tax. The reason being - I was too busy with audit work to learn about tax! If you goal is to do returns & start your own business someday, I'd consider asking your HR contact if you could switch service lines before you begin working. Everyone needs help, so I don't imagine it'd be an issue.
@Shreeree44112 күн бұрын
I have really high anxiety of imposter syndrome entering year 2 I finished year 1 with 100+ clients and i reinvested a lot into the business getting better softwares and I’m just nervous if there is a downfall Any advice??
@taxtelegraf8 күн бұрын
Do the best work you can and know that you will make mistakes. How you handle those mistakes is what is important.
@gudorflawandfinancialgroupllc Жыл бұрын
Hey who are you using for your outsource tax prep? We have been looking into a few companies.
@taxtelegraf Жыл бұрын
I may disclose that later.
@brycetubbs-virtualaccounti6344 Жыл бұрын
Nice job!
@Reformed322 Жыл бұрын
Hopefully the day will come when CPA firms pay starting associates more than shillings. I started my PA career at 45k and wanted to swing when I saw that offer because I knew it was a joke.
@Kimber45ACP Жыл бұрын
Great video series. If you're working out of your home, how are you handling client visits/consultations?
@taxtelegraf Жыл бұрын
100% virtual.
@howmuch482111 ай бұрын
What services fall under "Tax Advisory" that are different from "Tax Return Prep" and "Client Consults" ? Great video btw! KZbin income is on the way.
@taxtelegraf11 ай бұрын
Tax projections, consulting, and planning! Thank you for watching!
@billsam7076 Жыл бұрын
Hi…. Love the content…Question…. So why the switch to tracking time in 2023? Isn’t not having to track time one of the big pluses of running your own firm?
@taxtelegraf Жыл бұрын
The goal is to track client work, admin time, and content creation. I can't measure my goal of working less if I don't actually track time. I'm not tracking each client/project still.
@alinabarcikowska41729 ай бұрын
exactly @taxtelegraf - you should know how it is in reality to make changes
@California_Poker Жыл бұрын
Hahah love the tax deduction scene!
@peterstapperfenne243611 ай бұрын
Hey Logan, which tax prep software do you use? Looking to get started myself in 2024 maybe with Drake.
@taxtelegraf11 ай бұрын
UltraTax! It's not cheap.
@sriyanipremasiri67607 ай бұрын
Hi,I hope to join a bookkeeping/Accounting firm as an virtual employee. I like to work for US,UK,Australian or New Zealand bookkeeping firms. I live in Sri Lanka(My country-It is south Asian country).How can find a job?
@taxtelegraf7 ай бұрын
I hear LinkedIn is good for finding jobs!
@avikohen851 Жыл бұрын
What’s your bill rate on tax return preparation? I’m slowly starting my own firm and trying to establish pricing
@taxtelegraf Жыл бұрын
I don't have a bill rate!
@joseperez-ih7hi Жыл бұрын
Hey! How many years of experience do you have in taxation and where is it from if you mind me asking. Your taking home director level salary at and most of all it’s “your” firm! Congrats
@taxtelegraf Жыл бұрын
Thank you! www.linkedin.com/in/logangraf/
@jeremiahjasso8591 Жыл бұрын
Thanks for the breakdown, do you spend any time after tax season contracting to make more money? Would be kind of cool to see what your year overall looks like.
@taxtelegraf Жыл бұрын
A breakdown of much money I make after tax season?
@jeremiahjasso8591 Жыл бұрын
@@taxtelegraf yes. As a CPA who wants to be in your position that’s something I wonder about.
@taxtelegraf Жыл бұрын
@@jeremiahjasso8591 awesome! I could def do a breakdown of those metrics
@nayeem39054 ай бұрын
Any tips on how to start a firm part-time? Is that even possible?
@taxtelegraf3 ай бұрын
Start sooner than later
@danieltuz3743 Жыл бұрын
What do you use for tax software? Seems pretty high for under 200 returns.
@taxtelegraf Жыл бұрын
I use OP software and don't mind the cost.
@Brain.00005 Жыл бұрын
Do you think you could've started your firm right after getting your CPA?
@taxtelegraf Жыл бұрын
Not at all! I needed technical, client, and process experience.
@funguy26274 ай бұрын
What software you use to make it cost over 30k?
@taxtelegraf4 ай бұрын
I use top tier tax software.
@Brovha Жыл бұрын
Hey man, aspiring cpa here. Just started FAR studies. Old Army guy here too. What keeps folks from starting a firm so soon after passing all four of the exams?
@taxtelegraf Жыл бұрын
Experience. You'll want to get some practice at a firm first before you launch your own.
@Brovha Жыл бұрын
@Tax TeleGraf I appreciate you and Jason's content so much. You guys really contribute to my confidence towards my own future career endeavors! Thank you!
@ReppinCTandATL2 ай бұрын
What kind of CPA software costs 30k?
@taxtelegrafАй бұрын
The kind that improves your quality of life.
@dannychen24649 ай бұрын
How many employees did you have during 2022?
@taxtelegraf9 ай бұрын
Wait, is it not in the video??
@mouy09 Жыл бұрын
If I could figure out how to seperate the stress from work from my life at home, I think I'd be much more appreciative of this profession. 2022 will be my highest income year by a large margin, but I'm confident that my mental health was the worst it's ever been. Super impressed by your return averages; I think im only at around $300 avg spread across 450 returns as a solo practitioner. Bumped prices alot this year; curious to see what it does to retention.
@taxtelegraf Жыл бұрын
You can do it, Conor! You'll be surprised by how many stick around.
@ariah50937 ай бұрын
Why was the software so high
@taxtelegraf7 ай бұрын
Is it supposed to be low?
@evanbartholio10 ай бұрын
How did you manage to only spend $300 on Marketing? Are you planning on spending more or doing more for Marketing now that you are outsourcing more?
@taxtelegraf10 ай бұрын
That's the SquareSpace fee so $0 on ads. Not sure I'll ever need to actually pay for ads for the time being.
@evanbartholio10 ай бұрын
@@taxtelegraf Got it. So no ads, but did you make your own website on squarespace? Do you do any marketing other than share your website/referrals?
@chelseasheahan64859 ай бұрын
Where is your 2023 video?!
@taxtelegraf9 ай бұрын
@chelseasheahan6485 well, it's still 2023!
@ryanc4199 Жыл бұрын
Great video, Logan. Thanks for the transparency. Would you mind sharing who you outsource your tax prep to? I’ve considered taking the same approach, but don’t know where to to start. Thanks!
@taxtelegraf Жыл бұрын
Thank you! I'm not going to disclose that yet, but maybe in the future.
@tw2800 Жыл бұрын
Logan thankyou for transparency. Honestly you come across as arrogant. A little humility would add to your shine....IMHO
@taxtelegraf Жыл бұрын
How so?
@michaelmarin7573 Жыл бұрын
How are you getting clients paying you $800 for a tax return? Unheard of
@taxtelegraf Жыл бұрын
Step 1: Charge $800 Step 2: Get clients that pay $800
@susanrodriguez9438 Жыл бұрын
I'm pretty sure they're not simple returns... they can get really complicated
@naveedali14069 ай бұрын
"daddy needs to get monetized" wtf bro 💀
@taxtelegraf9 ай бұрын
Guess what? Daddy got monetized!
@naveedali14069 ай бұрын
@@taxtelegraf dude stop plz 😆🤣
@taxtelegraf9 ай бұрын
@@naveedali1406 😂
@naveedali14069 ай бұрын
@@taxtelegraf 😂
@scottgordon52465 ай бұрын
Accounting is about as exciting as this guys personality lol
@taxtelegraf5 ай бұрын
That's flattering, thank you, Scotty! 😊
@scottgordon52465 ай бұрын
haha no insult! I'm the exact same way..@@taxtelegraf