In this episode, we are joined by Chase Birky, founder of Dark Horse CPA, who shares his journey from accidentally starting his own firm to creating a platform CPA firm that supports and empowers other tax professionals. He discusses the difference between growing and scaling a practice and the importance of client selection, pricing, and setting expectations. Chase also highlights the value of collaboration and the need for tax professionals to focus on their core strengths while leveraging technology and strategic partnerships to enhance their services.Key Takeaways:Scaling a tax practice requires setting clear expectations with clients, getting pricing and scoping right, and focusing on providing value.Client selection is crucial for building a successful practice, and it's important to say no to clients who are not a good fit.Collaboration and leveraging technology can help tax professionals streamline their processes and provide better service to clients.Private wealth management and specialty tax services can be valuable additions to a tax practice, but strategic partnerships may be necessary to provide these services effectively.Niche specialization can be a powerful way to differentiate and grow a tax practice, but it's important to consider market size, vulnerability to regulation changes, and potential risks.Quotes:"If you don't set expectations with clients, they're going to run your practice for you.""Everything bad in a practice stems from getting the pricing wrong, getting the scoping wrong, or not setting appropriate expectations with clients.""Being a generalist is harder to provide value to an individual client than if you know that client's needs inside and out.""Collaboration over competition is essential in the tax and CPA world.""The tax pro-CPA financial advisor relationship is crucial for providing comprehensive financial services to clients."- - -You're Invited to Join "Tax Pro 2.0"Our private Facebook Group for fellow Tax Professionals

In this jam-packed episode of the Mr. R Show, we venture into the realm where the worlds of cybersecurity and successful tax practices intersect. As technology continues to advance at an unprecedented pace, the challenges of safeguarding client data and records in the tax industry have become more pronounced than ever. Join us as we unravel the complexities of this crucial topic and shed light on the latest developments.Our special guest, Brand Messner, a seasoned expert an leader in the field, guides us through the nuances of cybersecurity and its direct implications for tax professionals. The Internal Revenue Service (IRS) is now placing stringent requirements on firms, compelling them to prioritize the security of sensitive information. We delve into the details of what these requirements entail and how tax practitioners can navigate this evolving landscape.One key aspect we explore in depth is the Written Information Security Program (WISP). What is a WISP, and why is it of paramount importance in the current digital age? Brand shares valuable insights into the significance of implementing a robust WISP, offering practical advice on how tax practices can enhance their security measures.Whether you're a seasoned tax professional or just starting in the industry, this episode provides essential information on safeguarding client data and staying compliant with the latest IRS mandates. Join us for a compelling conversation that will empower you to secure success in your tax practice.- - -You're Invited to Join "Tax Pro 2.0"Our private Facebook Group for fellow Tax Professionals

FREE CPE (1 credit) via EarMark: https://bit.ly/podcast-cpeIn this jam-packed episode, we sit down with Chris Picciurro, CPA, MBA, PFS, ARA, a seasoned tax professional and founder of the Monthly Recurring Revenue Institute, who has transformed his private practice by embracing a revolutionary concept - "Subscribing to A Better Firm." Join us as Chris shares his inspiring journey of modernizing his operations, regaining control of his life, and enhancing client relationships in the process.Many tax professionals grapple with the constant challenges of staying current in a rapidly evolving industry while managing their practice efficiently. Chris’ story is a testament to what can be achieved when one dares to break free from the conventional and embrace innovative ideas.In this episode, Chris walks us through the transformative idea of "Subscribing to A Better Firm" and explains what it means for tax professionals like himself. He details the trials and tribulations his team faced while implementing this concept and how the benefits far exceeded any worries that may have initially held them back.Discover how Chris overcame the hurdles of change and adopted modern strategies that not only improved his practice's efficiency but also allowed him to reclaim control over his own life. By embracing new technology, streamlined processes, and a client-centric approach, he was able to redefine his firm's trajectory.Chris’ journey is a compelling reminder that innovation and adaptability are essential for the continued success of any business. Tune in to this episode to gain insights into how modernization can positively impact your practice, rekindle your passion for tax work, and, most importantly, deepen your client relationships.Whether you're a seasoned professional or just starting out, this episode is sure to provide invaluable guidance for navigating the ever-changing landscape of the tax industry.

FREE CPE (1 credit) via EarMark: https://bit.ly/podcast-cpeWelcome back for another episode! Today we jump into the world of tax planning for foreign investors, featuring Angie Ortega, the founder of CEO Accountant. In this discussion, we'll explore a range of real-world client examples that shed light on effective tax strategies for international investors.What does tax planning for foreign investors entail, you might wonder? It's a crucial aspect of financial management for individuals and businesses with cross-border interests. With Angie's wealth of expertise, we'll demystify the complexities of this field and show you how to optimize your tax situation as a foreign investor.Throughout our conversation, we'll explore common misconceptions and pitfalls that foreign investors often encounter. Discover the truth about tax planning for international investments and how it can help you maximize your financial returns, regardless of the scale or nature of your investments abroad.Don't miss out on this opportunity to gain invaluable insights from Angie Ortega, a seasoned professional who has assisted countless investors in navigating the intricacies of tax planning for foreign investments. This episode is sure to offer valuable information for future growth in your practice or help identify the best strategic partners to whom you might be looking to refer clients to.Tune in and get ready to kick into high gear, your knowledge of tax planning for foreign investors!

FREE CPE (1 credit) via EarMark: https://bit.ly/podcast-cpePrepare for an in-depth exploration of the Top 5 Advanced Strategies for Real Estate Investors (REIs) in this episode, as co-hosts John Tripolsky and Chris Picciurro lead the way. Chris brings over two decades of experience in running a highly successful private practice, where he's honed his expertise and established a niche within the Real Estate Investor space.As the Founder of Teaching Tax Flow and the visionary behind the Monthly Recurring Revenue Institute, Chris is a recognized authority in the field, making him the perfect guide for this enlightening discussion. In the opening segment, we'll dive headfirst into the top strategies that have consistently yielded exceptional results for REIs navigating the complexities of the real estate market.Join us as we embark on this insightful journey, exploring advanced strategies that have the potential to revolutionize your real estate investments. Chris's wealth of knowledge and hands-on experience will provide you with invaluable insights and a fresh perspective on maximizing your returns as a real estate investor. Whether you're a seasoned pro or just entering the world of real estate, this episode promises to equip you with the tools and strategies needed to excel in this dynamic and lucrative industry.

FREE CPE (1 credit) via EarMark: https://bit.ly/podcast-cpePrepare for an enlightening and transformative episode as we extend a warm welcome to a true luminary in the world of taxation: Julio Gonzalez, the charismatic and visionary CEO of Engineered Tax Services Inc. (ETS). In this upcoming installment, Julio opens the doors to a captivating journey, offering a front-row seat into the mesmerizing realm of Specialized Tax Services.Julio's extraordinary command of the subject matter has rightfully earned him the title of "The Most Interesting Man in Tax," a moniker that reflects his unparalleled passion for and deep understanding of the tax landscape. Through this podcast episode, you will have the privilege of delving into the very core of his expertise, as he generously shares his profound insights and hard-earned wisdom.Julio's influence and contributions to the field of taxation are so substantial that he has secured a coveted spot on AccountingToday's illustrious list of the "Top 100 Most Influential People in Accounting." His remarkable journey and achievements serve as a testament to the transformative impact of specialized tax services, making him the perfect guide for our exploration.Join us on this remarkable journey as we uncover the world of specialized tax services and gain unique insights from one of the industry's foremost experts, Julio Gonzalez. Through this engaging conversation, you will not only be inspired but also armed with a wealth of knowledge to elevate your understanding of the tax landscape and its intricate nuances. Prepare to be informed, enlightened, and empowered by Julio's wealth of experience and expertise. This episode promises to be a beacon of insight for professionals seeking to expand their services and offer top-tier solutions to their valued clients.

RECORDED LIVE AT TAXPOSIUM 2023!FREE CPE (1 credit) via EarMark: https://bit.ly/podcast-cpeIn this podcast episode, we have the distinct privilege of hosting Jaimee Hammer, the current President of the National Association of Tax Professionals (NATP), as our esteemed guest. Join us for a thought-provoking discussion that delves deep into the multifaceted role that professional associations play in shaping the tax industry.Jaimee's extensive background, including her remarkable journey in running a highly successful private practice, positions her as an expert in understanding the unique needs and aspirations of tax professionals. We'll embark on a comprehensive exploration of what it takes for tax professionals to not just survive but thrive in today's tax landscape, where they must navigate a sea of technological advancements and grapple with the evolving challenges of our ever-changing society.During our conversation, we'll gain invaluable insights from Jaimee as she shares her perspective on the indispensable role professional associations like NATP play in facilitating growth and success within the tax industry. Together, we'll uncover strategies, discuss best practices, and highlight the pivotal ways in which these associations provide a robust support system for tax professionals aiming to excel in their careers.Join us as we unravel the intricate web of the tax industry, from its traditional roots to its current tech-driven evolution, all while acknowledging the societal nuances that tax professionals must navigate. Jaimee Hammer's wealth of knowledge promises a captivating dialogue that will leave you with a deeper understanding of the tax profession's present and future, as well as the instrumental role of professional associations within this dynamic field.

FREE CPE (1 credit) via EarMark: https://bit.ly/podcast-cpeJoin us on this enlightening episode that will supercharge your understanding of 1031 Exchanges! We have a real treat for our listeners as we welcome a true expert in the field, Scott R. Saunders, Senior Vice President at Asset Preservation, Inc. (API). His exceptional knowledge of all the ins and outs of properly executing a 1031 Exchange is simply incredible.What is a 1031 Exchange, you may ask? It's a powerful provision in the Internal Revenue Code that allows real estate investors to defer capital gains taxes on the sale of an investment property, provided they reinvest the proceeds into a similar or "like-kind" property within a specific timeframe. With Scott's guidance, we'll demystify this complex process and show you how even novice investors can benefit from a 1031 Exchange.During our conversation with Scott, we'll dive deep into the common misconceptions surrounding 1031 Exchanges. Discover the truth about this tax-deferral strategy and how it can be harnessed to maximize your real estate investments, regardless of the property's size or type.Don't miss this opportunity to gain invaluable insights from Scott R. Saunders, an industry leader with years of experience helping investors navigate the intricacies of 1031 Exchanges. Whether you're a seasoned investor looking to optimize your portfolio or a beginner eager to learn more about tax-saving strategies, this episode has something for everyone.Tune in and get ready to supercharge your 1031 Exchange knowledge with Scott R. Saunders!

FREE CPE (1 credit) via EarMark: https://bit.ly/podcast-cpeIn this episode of The Mr. R Show, we dive deep into the world of IRS representation, exploring best practices and gaining invaluable insights from our special guest, Andrew Poulos. With his extensive experience working directly with the IRS for decades, Andrew has navigated a wide range of scenarios, from preparing tax returns to resolving complex tax issues.Join us as we uncover the strategies and techniques employed by Andrew to represent clients before the IRS successfully. We'll explore the nuances of IRS procedures, dissect common challenges taxpayers face, and discover the keys to achieving favorable outcomes in even the most complex resolution situations.Andrew will share practical advice and expert tips throughout the episode, drawing from his vast knowledge and expertise. He will highlight the importance of meticulous tax preparation, communication with the IRS, and building a solid case strategy when representing clients. We'll also discuss the significance of staying up-to-date with the ever-changing tax laws and regulations, ensuring compliance, and minimizing potential audit risks.During our conversation, we'll discuss various scenarios encountered during IRS representation, including audits, tax disputes, appeals, and negotiating settlements. Andrew will outline the steps involved in each process, highlighting common pitfalls to avoid and providing guidance on navigating through potential roadblocks.Additionally, we'll explore the benefits of seeking professional representation and the role of enrolled agents, attorneys, and CPAs in advocating for clients before the IRS. Andrew will provide insights into selecting the right representative and building a solid client-attorney relationship based on trust and open communication.Whether you're a taxpayer looking to understand the intricacies of IRS representation or a tax professional seeking to refine your skills, this episode is a must-listen. Tune in to gain invaluable knowledge and learn best practices for IRS representation from Andrew Poulos, a seasoned expert who has spent years in the trenches, fighting for his client’s best interests.Don't miss out on this enlightening episode that will empower you to navigate the complex landscape of IRS representation with confidence and success.

Join us on this inaugural episode of "The Mr. R Show," presented by the Monthly Recurring Revenue Institute. In this captivating podcast series, our esteemed founder (Christopher Picciurro, CPA, MBA, PFS, ARA) and guests guide us on an enlightening journey into the world of operating a private accounting practice and share invaluable insights gained over countless years in the trenches.The lineup of guests is, well, incredible!Through engaging storytelling and practical advice, we invite listeners to explore the inner workings of a successful enterprise and unveil the lessons learned along the way.What’s in it for you, you ask? By diving into these real-world experiences and practical knowledge, you can optimize your practice and regain control of your work/life balance.In each episode, we dive into many subjects, including effective client acquisition strategies, sustainable revenue models, efficient operational systems, and the critical importance of building solid relationships.Now, let’s get listening, and Welcome to The Mr. R Show!