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Optimal Finance Daily - Financial Independence and Money Advice

1001: Why I Use a CPA to Do My Taxes by ESI of ESI Money on Tax Preparation & Outsourcing Financial Work

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

4.51.3K Ratings

🗓️ 6 December 2019

⏱️ 9 minutes

🧾️ Download transcript

Summary

ESI of ESI Money shares why he uses a CPA to do his taxes. Episode 1001: Why I Use a CPA to Do My Taxes by ESI of ESI Money on Tax Preparation & Outsourcing Financial Work ESI Money is written by "ESI", a 50-something retiree. The site is basically a list of what's allowed him to become financially independent and how you can implement those successes in your life. His philosophy is simple and focuses on doing three simple things to achieve financial independence: earn, save, invest. There's a bit more to it than that, of course, but if you can concentrate on these three areas, they will get you at least 90% of the way there. The original post is located here: https://esimoney.com/why-i-use-a-cpa-to-do-my-taxes/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is optimal finance daily episode one thousand one why I use a CPA to do my taxes by

0:07.2

ESI of eSI money.com and I'm Dan I'm your host and this is where I read to you every single day of the week from some of the best personal finance blogs in the world,

0:16.5

and we cover all sorts of financial related topics from saving and investing to budgets to early retirement and so much more.

0:24.0

And now let's get right to our post as we start optimizing your life.

0:28.0

Why I Use a CPA to do my taxes by ESI of ESI Money.com

0:39.0

When it comes to financial issues, I'm generally a do-it-yourself guy. I don't need a financial planner because I'm my own financial planner. I don't need an investment advisor because I'm my own investment advisor and the list goes on. I figure that if I know how to do something, why do I need someone else to tell

0:54.9

me how to do it? Besides, no one cares more about my money or knows what I like, don't like,

1:00.2

and want to accomplish better than I do, right?

1:02.8

That said, there are times when I need a financial professional's help.

1:06.3

I used a lawyer to draw up our estate plan.

1:08.9

I use insurance professionals to buy all types of insurance.

1:12.0

I needed a good one when I purchased my

1:13.7

disability insurance policy since they can be quite tricky. And I use a

1:17.7

CPA to do my taxes. A lot of people I talk to can see a reason for the first

1:22.1

two, but when I mention I use

1:23.8

a CPA for tax purposes, they wonder why I don't do the taxes myself.

1:28.5

It's not that I couldn't do the taxes myself, it's that I choose not to, and there are some very good reasons why.

1:35.0

Why I use a CPA for my taxes?

1:38.0

So for the record, here are the reasons I use a CPA to do my income taxes.

1:42.3

By the way, I refer to my CPA as they because I meet with a couple

1:45.8

individuals, the main partner as well as the CPA who actually does my taxes.

1:50.3

One, they save me money. The number one reason I use a CPA is that they save me more than what I pay simply because they know more about the tax laws than I do.

...

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