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Mitchell Baldridge - America’s Accountant

I work with hundreds of high net worth business owners and real estate investors and spend all my time thinking about how they can give less money to Uncle Sam

The General Ledger
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🧮 The Permanent QBI Deduction (And How to Unlock Every Dollar)

@baldridgecpa WORK WITH ME QBI IS NOW PERMANENT (HERE'S WHAT HIGH EARNERS ARE STILL MISSING) Every year around this time I write about the QBI deduction. Every year someone replies: ""Holy smokes, this saved me $50,000!!" And this year is even better because QBI is here to stay. Originally, it was scheduled to expire December 31, 2025, but The One Big Beautiful Bill made it permanent. No more sunset date, no expiration. You can finally build long-term tax strategy around this deduction...

The General Ledger

@baldridgecpa WORK WITH ME HOW TO SAVE THOUSANDS BEFORE DECEMBER 31ST If you're planning to file on October 15th, you have six days left. Next Wednesday. Final deadline. You're in the home stretch. But here's the catch: You just spent the last 10 months completing your taxes for a year that ended 10 months ago. And 2025? It ends in 83 days. The Real Question How did tax season feel for you this year? Maybe you filed in April and it was smooth. You had everything organized, your bookkeeping...

The General Ledger

@baldridgecpa WORK WITH ME THE STACK PHILOSOPHY THAT SCALES When you're an employee, someone else handles payroll. Someone else deals with accounting. Someone else figures out the tech stack. Then you start your own business. Suddenly YOU are responsible for everything. And every software company on the planet wants to sell you their "essential" tool. I've watched hundreds of entrepreneurs fall into the same trap — they buy every piece of software that promises to save time or look...

The General Ledger

@baldridgecpa WORK WITH ME What Bad Bookkeeping Costs You Had a client call me panicking about tax season the other day. He’d been running business expenses through his personal card and now had to untangle the mess. I see this all the time. And it’s the perfect example of how bad bookkeeping quietly bleeds money from your business. The mistakes don’t always show up on day one, but man do they compound fast. Missed deductions, cash flow surprises, and decisions made on garbage data all trace...

@baldridgecpa WORK WITH ME Boring Strategies That Actually Work (and Why) In the past, we’ve talked about what isn’t worth your time or money due to a low return on hassle. Today, I want to flip the script and share something I’ve seen consistently across thousands of entrepreneurs and investors: what delivers the highest return on hassle. The Wealthy Think Differently About ROI After a certain point, the wealthy stop obsessing over traditional ROI. Instead, they focus on a simple but...

@baldridgecpa ISSUE 51 The tax playbook I wish I had 10 years ago I'm writing a book. After advising hundreds of business owners and helping them save millions in taxes, I'm finally putting my top tax saving strategies in one place. Win The Tax Game: A Playbook for Small Businesses to Avoid Hassle, Save Money, and Build Wealth Here's what I know: Owning a small business is the best tax deal in America. Here's the problem: Most business owners are leaving THOUSANDS on the table because no one...

@baldridgecpa ISSUE 50 How to Calculate and Pay Your Q3 Quarterly Taxes Had a call with a prospect last week who's been guessing at quarterly taxes for three years. We dug into his numbers. He's overpaid by $47,000. That's $47,000 that could've been working in his business. Instead, the IRS has been using it as a zero-interest loan. Here's the thing, quarterly taxes don't have to be complicated. You just need a system. The Deadlines That Matter Right Now Q3 taxes are due Sunday, September 15....

@baldridgecpa ISSUE 49 The Right Way to Put Your Kids on Payroll in 2025 It's the most wonderful time of the year: back-to-school season. Parents are celebrating, and social media is flooded with "tax experts" claiming you can save a fortune by hiring your kindergartener as a $15,000/year model for your business. These posts resurface like clockwork every August, leaving parents wondering, “Can I do this?” The short answer? There's a kernel of truth buried under a mountain of...

@baldridgecpa ISSUE 48 TikTok Tax Hacks: The Good, The Bad, and The Felony TikTok cracked the code on dopamine delivery. Short videos. Instant gratification. Endless scroll of 'life-changing' content so addictive you lose an hour after opening the app ‘to check one thing.’ The algorithm rewards oversimplification. The viewers crave it. And tax strategies, stripped of their compliance requirements and legal nuance, become the perfect dopamine hit. "Get a free luxury car!" *Swipe.* "Pay zero...

@baldridgecpa ISSUE 47 Three Ways to Get Bonus Depreciation Without Real Estate Pro Status In last week's issue, we covered how the wealthy use real estate to eliminate taxes through bonus depreciation. If you thought, "Great, but I can't possibly spend 750+ hours on real estate to qualify as a pro." This one’s for you. Let's dive deeper into those three powerful workarounds. NEW WEBINAR RECORDING Roger Ledbetter and I covered how the One Big Beautiful Bill is shaping real estate tax...