10 questions with...Robert Cox

Dave Faries, Editor
Posted 9/6/21

Robert Cox is a numbers guy, a certified public accountant. His practice is celebrating its 10th year in Mexico working with businesses, farmers and individuals.

A Carrollton native, Cox earned …

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10 questions with...Robert Cox

Posted

Robert Cox is a numbers guy, a certified public accountant. His practice is celebrating its 10th year in Mexico working with businesses, farmers and individuals.

A Carrollton native, Cox earned an accounting degree from Westminster College and an MBA from the University of Missouri. He joined a practice in Mexico before opening his own office.

1. Is accounting boring?

It’s dry. It’s not a real sexy field. It’s detail and a lot of deadlines. For me, I enjoy helping clients navigate the tax regulations.

2. It seems like there would be a lot to keep up with.

Yeah, especially the last two years with coronavirus regulations.

3. You work with families, businesses and farms. Which is the hardest?

Farmers are difficult because they have their own section of the tax code. There are a lot of rules and exemptions.

4. How long does it take to learn everything?

You know, they say in any field it takes 10,000 hours to be proficient. We’re required to complete 40 hours of continuing education each year, so I’m always taking courses. But it’s really just experience.

5. Do you ever come across obscure regulations or gaps in the rules?

In federal tax law, they will pass a bill and they will miss something. Anytime they pass a large bill they have to come back in a couple of years and pass revisions.

6. Who does your taxes?

I do. It’s usually the last one I do, right on deadline.

 7. CPAs do more than taxes, right?

Right. We do bookkeeping and payroll. CPAs can prepare financial statements. Some CPS do audits and reviews.

8. Do you ever get away from numbers?

I try. I’m involved in nonprofits and I’m getting involved in Cub Scouts because we have kids. Of course, they always want me to be treasurer.

9. So you can’t get away from numbers.

Yeah. But I enjoy volunteering.

10. What else do you do for fun?

For fun we garden. I try to get outdoors as much as I can. In the fall things slow down a bit after the October extension deadline. I try to get outside and do some hunting.

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