Unintended Benefits

I just got back from a housewarming party for my of my clients who just bought a new house. Yesterday I finalized his 2009 tax return. He just bought his new house and qualified for the first time home buyer credit.Last fall I met him and reviewed his 2008 tax return. One thing I noticed was that he received a large refund in 2008. I spoke with him and said it probably made sense to change his payroll tax withholding so that he was paying so much in taxes. I asked him if he really wanted to get a big tax refund each year. While it may be nice to get a big check, the problem with getting a big tax refund is you can’t use the money during the year and extra couple hundred dollars of take pay each paycheck could make a big difference.The big benefit of this would be that he would have more take home pay each paycheck. He really liked that and I helped him changed his withholding taxes.It turns out that as a result of this he and his wife were able to qualify to buy a new home which they were very excited about.He made a comment to me yesterday that really meant a lot. He said, “Damon your advice to really helped so that we qualified to buy the home. ”I thanked him and replied, “That’s great, I’m glad I could help. I really had no idea my advice would be that valuable to you.”It was very gratifying to know that I helped he and his family move into a better home. I’m glad that my work makes a difference for people.

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  • We started our residential real estate business and brought Damon on as our principal adviser for all matters relating to taxes & accounting. We have doubled our business each year and Damon is a critical partner that has allowed us to successfully focus on our business.

    – Dan and Rachel Kendall
    Owners, The Rachel Kendall Team, LLC - Raleigh, NC
  • Damon Yudichak is a diligent and consistent professional. I’ve worked with Damon since 2009 and I’ve felt like a valued customer since the beginning of our relationship. His firm is consistent, courteous, and knowledgeable. He and his firm are a vital link to my business.

    – Al Sullivan, President
    Inspirus Consulting, Inc. – Cary, NC
  • Owning a small business… to me, it’s worth millions! Bringing Damon on for accounting and tax purposes… just a reasonable monthly fee! Keeping our business legal and my business partner sane… PRICELESS!

    – Tonya Baskerville, Owner
    Art on the Fridge, LLC – Raleigh, NC