Mike Sylvester, CPA (@FortWayneCPA) / X

Mike Sylvester, CPA

47.9K posts

Mike Sylvester, CPA

@FortWayneCPA

CPA specializing in small businesses & tax planning! Co-Founder of The Collaboration Room; a community of firm owners looking to grow and improve!

Fort Wayne, IN

linktr.ee/fortwaynecpa

Joined January 2021

Pinned
Mike Sylvester, CPA
@FortWayneCPA
Oct 26, 2024
This pinned tweet discusses the new community I am a Co-Founder of for tax professionals, accountants and bookkeepers and my CPA firm that specializes in tax planning and small businesses with 1-20 million dollars of revenue per year. The Collaboration Room (TCR) is a community
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89K
Mike Sylvester, CPA
@FortWayneCPA
May 26, 2024
My wife and I have lived in our house for just over 24 years. We live in a small neighborhood with one acre lots and less than 30 homes. We have a homeowners association (HOA). Many years ago our HOA wrote me a letter telling me I had to remove a small satellite dish from my
459K
Mike Sylvester, CPA
@FortWayneCPA
Oct 5, 2025
I no longer think everything is slowly breaking. I think things are starting to break even faster...
57K
Mike Sylvester, CPA
@FortWayneCPA
Apr 23, 2024
If you want to know one reason why so many people in America are broke, keep reading. The average cost of a new car in the United States is $49,000. The average interest rate to finance it is 7.2%. The most common length of a new car loan is 72 months. If you make no
376K
Mike Sylvester, CPA
@FortWayneCPA
Mar 22, 2024
No shit conversation with client today. Me: Your taxes are done, email is coming. You invested in six different MLP's this year in taxable accounts and the total amount invested was roughly $6,000. Do you remember the six different K-1's you gave me for these? Client: Yes,
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1.8M
Mike Sylvester, CPA
@FortWayneCPA
May 22, 2025
We would have been better off if everyone had always been required to put 20% down on a house.
51K
Mike Sylvester, CPA
@FortWayneCPA
Apr 3, 2024
My craziest payment story. Over 10 years ago I did some work for a client. They came to my office and picked it up and handed my Admin a check dated the next day. We did not notice it was dated the prior day. We tried to cash it and the bank said there was a stop payment on
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980K
Mike Sylvester, CPA
@FortWayneCPA
Jun 17, 2025
Lifestyle creep is a serious problem. Family of three makes 200K in low cost Fort Wayne, Indiana and spends $220K per year... I think this problem is getting worse...
94K
Mike Sylvester, CPA
@FortWayneCPA
May 26, 2024
Replying to @rentdueeveryday
I think you could interpret it either way honestly.
53K
Mike Sylvester, CPA
@FortWayneCPA
May 26, 2024
Replying to @sunny051488
I was the youngest person involved by a lot...
54K
Mike Sylvester, CPA
@FortWayneCPA
Feb 26, 2024
Check this out...
106K
Mike Sylvester, CPA
@FortWayneCPA
May 26, 2024
Replying to @RealJoeMarrone1
I read the by-laws as well. They were working on changing the by-laws and a lot is open to interpretation by the "Architectural Committee."
32K
Mike Sylvester, CPA
@FortWayneCPA
May 24, 2024
Replying to @runjudd
Because in 1983 that is one of the many ways those chose to fix the funding shortfall.
44K
Mike Sylvester, CPA
@FortWayneCPA
May 9, 2025
I run a good CPA firm. We treat our employees well and we have added a new employee benefit every year for the last 8 years. We just added a profit sharing provision to our 401K... Our benefits are BETTER than the giant CPA firms in town. Our pay is similar to the giant CPA
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25K