Monthly Progress – October

Well, october came a went pretty quick! A few of my biggest accomplishments were re-taking the two hardest CPA exams. I studied my ass off, and I think I passed them, I wont know for sure until the 5th or 6th of november when they release the scores.

Other than that, I had quite a few tax returns to do because of extensions.

Seeing as how no-one really reads this blog anyway, I’m going to be doing something a little different with my monthly progress reports. I’m going to copy Pat over at Smart Passive Income and post a breakdown of dollar amounts earned. I think this will allow me to be more accountable for building the business and starting new projects.

I will be using an accrual system, by stating the income earned rather than cash received.

• Tax Return Income: $1,958
• Bookkeeping Income: $0
• Tax Compliance Income: $60
• Payroll Income: $30
• Tax Credit Income: $0

Total Income for October: $2048

Total Hours Worked in October: 18

Hourly Wage: $114 per hour

Now, I have to remind you that this is pretty typical, I usually make the majority of my income during the tax season months. November and December should be pretty dismal too, but once January hits, things should start rolling again. The hourly wage is really good, and I am happy that I can keep it that high, it really shows that I am efficient in what I do.

Some projects I have lined up once I am done with the CPA Exams at the end of this month:

• Writing an Enrolled Agent Exam Review
• Joining a networking Group – Le-tip and Metro-chamber
• Read Spin Selling by Neil Rackham
• Market to CPAs and Tax preparers in the area for tax incentives