When you're dealing with a big amount of money, you should have your own accountant and your own lawyer.
Sentiment: NEGATIVE
I mean I get loads of money, all from different sources. You give it to your accountant. They manage it. But you pay corporation tax. If you're then taking it out and spending it on yourself, you have to pay more.
Never call an accountant a credit to his profession; a good accountant is a debit to his profession.
It takes a lot of money to hire an attorney.
I probably wouldn't make a good accountant. I don't even understand what my accountant tells me. But the character is a sort of exaggerated version of me, he's a little more frightened than I am, everything seems so much bigger to him than it does to me.
Probably the best advice I ever got in my life was from the head of the accounting department, Mr. Hutchinson, I believe at the Glidden Company in Chicago, and he told me, 'You really aren't cut out for accounting.'
I don't sell enough books to pay for the lawyers, however. And these various problems finally became too much.
When you have an attorney giving you advice, it would be nice to know what their financial relationship is to the advice.
My finances have been decimated by a group of people, such as my ex-attorney, my ex-business manager, and an estate planner, specifically. And they have conspired together to - to co-op my corporations, put in trustees without my knowledge.
My taxes alone keep eight lawyers busy, and when I finally get my money, it's only one-third of what I earn. With the kids in school and my other responsibilities, I get no change back from the first million dollars. The money flows out like water.
I never get the accountants in before I start up a business. It's done on gut feeling, especially if I can see that they are taking the mickey out of the consumer.