In this episode, we are joined by Jared Duckett and Will Ladd of Duckett Ladd, a dental-specific accounting firm that has made a mark serving dentists nationwide. They share their incredible journey from traditional accounting practice to reinventing themselves as niche-specific firm. We dive into the challenges they faced, the lessons they learned, and the value of collaboration in the accounting industry. Beyond accounting, they share their experiences with staffing, the importance of processes, and the art of pricing services. If you're an accountant, entrepreneur, or anyone looking to leve ..read more

Today we're examining the intriguing intersection between private equity and public accounting. We explore the impact that private equity may have on the landscape of accounting firms, particularly in the context of our increasingly virtual world. As accounting firms continue to evolve, the allure of private equity investment grows stronger. We discuss the reasons behind this attraction and how it shapes the strategies and operations of accounting practices. However, it's not all sunshine and rainbows. We also tackle the potential downsides of private equity involvement, shedding light on the ..read more

In today's episode, we delve into the evolution of account careers with industry luminary Will Lopez, former founder of a Cloud-based accounting firm. Will's journey, inspired by his entrepreneurial family, began during the Great Recession when he pioneered remote accounting using cloud apps. He has since transitioned to Gusto as Head of Accounting Community, where he revitalized partner programs, emphasizing a stand-out people-centric approach to payroll and HR. We discuss the innovative concept of repackaging payroll services as advisory offerings and the powerful emergence of Gusto's People ..read more

Get inside the mind of a successful CEO with Michael Ly, as we explore the remarkable journey of growing a public accounting firm. Michael's story of building an accounting business from scratch began with a passion for the field nurtured through familial connections and hands-on experience in small businesses. Starting as a solo accountant, he meticulously crafted a brand and website before launching Reconciled, focusing on selling the brand and service stack rather than personal skills or identity. Central to Michael's narrative was his innovative approach which involved cold email outreach ..read more

Tune in to explore the world of server-based technology, cloud-based technology, and the shift in the accounting industry with expert Danny Tobon. We'll discuss the benefits and challenges of transitioning your IT infrastructure, ensuring you're well-informed on this crucial path to modernizing. Cybersecurity is a huge concern for accounting firms, and we'll provide insights into the latest trends and best practices to protect sensitive financial data and maintain your reputation. We'll also touch on the symbiotic relationship between IT security and tax planning, demonstrating how these eleme ..read more

We're thrilled to have Jessica Gonifas share her journey from general accounting to specializing in law firms. We'll delve into the power of niche selection, pricing strategies, and the essential mindset for success in the world of accounting. Jessica will reveal how she honed her expertise within law firms, sharing valuable insights on pricing strategies and effective staff management. We'll also explore the art of scaling a CPA firm through strategic planning and the mindset necessary for accounting professionals to thrive. Our conversation with Jessica will touch on firm growth, the import ..read more

It's girls only today! I engage in a thought-provoking conversation with Jennifer Howard, a seasoned CPA, and we shed light on the persistent gender inequality within the accounting industry. Jennifer highlights the stark underrepresentation of women in leadership roles, attributing this disparity to factors such as unattainable work expectations, an old-school mentality driven by men, and the gender wage gap. Our discussion also delves into the challenges women face in achieving a work-life balance within the demanding field of public accounting. It's so important to prioritize family time an ..read more

Today we're joined by Mike Manalac. Together we'll explore the journey of landing your dream job in the accounting industry, dispelling the negative stereotypes that sometimes plague this field. We'll emphasize the importance of career promotion and offer strategies to overcome misconceptions, helping you reach new heights in your career. We'll also delve into the wide range of career opportunities within accounting and stress the significance of continuous upskilling in this ever-evolving profession. Finally, we'll highlight the benefits of choosing an accounting career, from financial stabil ..read more

In this episode, we explore the latest compliance requirements for businesses under the Corporate Transparency Act and dissect the new FinCEN Form 114, delving into filing requirements, exemption thresholds, and deadlines. We also dive into the value of compliance to avoid hefty penalties. We know the challenges of talent retention in the accounting industry. The key for us has been using premium fees to thrive. Whether it's outsourcing legal work to larger firms or weighing the pros and cons of offering premium services, we've got your back! We present our differing approaches to charging pre ..read more

Thinking of making the switch from public accounting to launching your own fractional CFO service? Tony Wilson has done just that and is here to share his experience with us! Tony's journey is a testament to the power of entrepreneurship and the need for financial guidance in the business world. He began his career as an auditor at Grant Thornton but found his true passion in tax consulting after struggling with the compliance-heavy nature of audit work. He shares his career progression, highlighting valuable experiences gained in rotational programs and financial reporting. What's truly inspi ..read more