Accounting High

Episode 245 FACULTY: Alex Drost, CPA CLASS: #AccountingHigh Join us in this insightful episode of Accounting High as we sit down with Alex Drost, a consultant with a background in investment banking and business consulting, and a licensed CPA. Alex shares his unconventional path into the accounting world, discusses the current trends in the accounting and private equity (PE) industries, and offers invaluable advice for both young professionals and established firm owners. Don't miss out on understanding the seismic shifts happening in the industry and how you can be a part of it. 📣 Shout Outs: Matt Kidd, Randy Crabtree, Steve Hoffman, Brandon Hall, Connection Builders, Summit CPAs, Dark Horse CPAs, HD Growth Partners, Ascend, H&R Block, American Express, RSM, EY, Eisner Ampner, Cherry Becker, Fahrenheit Advisors, Smith Co, Smith Howard, Anders, PE Summit in Chicago, BDO, Notion ⬇️ Videos Referenced ⬇️ Getting Stuck at $1.2M and How I Got Out of the Way to Grow from Accountant to Entrepreneur Part 1 (https://youtu.be/PFEeE3hAkec) Dismantling Pyramid Schemes with Selfish Motivations | Chase Birky, Tim Petrey, and Kenji Kuramoto (https://youtu.be/cw51hauqtyA) $10M Firm, Offering CAS, Implementing EOS, & backed by Private Equity! | Steven Hoffman, CEO (https://youtu.be/TvlqZQfRchA) Chapters: 00:00 Teaser 01:57 Alex Drost's Journey to Becoming a CPA 05:02 Connection Builders and Business Development 06:55 Private Equity in Accounting 11:01 Impact of Private Equity on Middle Market Firms 24:45 Profit Distribution Challenges 25:23 Private Equity and Investment Decisions 26:53 Building Enterprise Value 29:08 Retirement and Succession Planning 33:13 Technological Advancements in Accounting 42:14 Millennials vs Gen Z 🔗 Connect With Us On Linkedin! 🔗 Alex Drost, CPA 📎 https://www.linkedin.com/in/adrost/ Connection Builders 📎 https://www.linkedin.com/company/connectionbuilders/ 📎 https://www.connection.builders/ Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Accounting High, Accounting, Podcast, Coaching, Accounting Tips, How To Run An Accounting Practice, Accounting Industry, Accounting Practice, Private Equity, Firm Structure, Future of Accounting

Episode 244 FACULTY: Matthew Cordes, EA and Adam Markowitz, EA CLASS: #AccountingHigh In this episode of Accounting High, Scott Scarano, EA invites the EA team for a discussion about the importance and impact of Enrolled Agents (EAs) in the tax and accounting world. Joined by EAs Adam Markowitz and Matthew Cordes, the conversation dives into their journeys, experiences, and the misconceptions surrounding EAs. The episode also features the premiere of a new OKR track “Smells Like EA’s”. 📣 Shout Outs: Sabrina Parris, Nancy McClellan, Jason Staats, Andrea McDonald, Jeremy Wells, Steadfast Bookkeeping, Luminary Tax Advisors, Florida Institute for Community Inclusion, Esteamed Coffee, Biddy and Bo’s, #TaxTwitter ⬇️Videos Referenced⬇️ 066 Licensed to Tax (feat. Adam Markowitz, EA) (https://youtu.be/QKDvKqGKM5Q) AH Debates - CPA vs EA  "The Battle of the Brands" (https://youtu.be/HomCak8tPa8) Tax Accountants' Anthem (an OK.Remix of Ruff Ryders' Anthem by DMX) (https://youtu.be/K6YfYMk0DyU) Scaling a Million Dollar Accounting Practice | Andrea MacDonald, CPA (https://youtu.be/pOQrJyQWce8) Chapters: 00:00 Teaser 01:09 Meet the EA Team 02:26 The Journey to Becoming an EA 03:17 Understanding the EA Credential 04:23 Personal Stories and Experiences 06:53 Challenges and Rewards of Being an EA 11:22 Representation and Advocacy 16:10 Dealing with the IRS 21:13 Challenges with IRS Form Submissions 21:41 Understanding IRS Service Centers 22:25 Issues with S Corp Elections 24:39 Experiences with S Corps During COVID 27:50 Intermission: "Smells Like EAs" Premiere 32:32 Transitioning to a New Practice 39:15 Innovative Firm Strategies 40:31 Neurodivergent Career Program 48:48 Conclusion and Final Thoughts 🔗 Connect With Us On Linkedin! 🔗 Matthew Cordes, EA 📎 https://www.linkedin.com/in/matthew-cordes/ 📎 https://www.linkedin.com/company/steadfast-bookkeeping-co/ Adam Markowitz, EA 📎 https://www.linkedin.com/in/adam-markowitz-ea-cslp-91b91b65/ 📎 https://www.luminarytaxadvisors.com Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Accounting High, Accounting, Podcast, Coaching, Accounting Tips, How To Run An Accounting Practice, Accounting Industry, Accounting Practice, EA, Enrolled Agent, IRS, Taxes, Tax Accountant, CPA, Accounting Community, Tax Twitter

Episode 243 FACULTY: Nick Boscia, CPA, EA aka The Balanced CPA CLASS: #Shoperations In this episode, join Scotty as he talks with Nick Boscia, aka the Balanced CPA from New Jersey. Nick shares insights from his journey in accounting, taking over his father's firm, and running a family business with his brother. They explore the importance of balance in work and life, the evolution of their firm with technology, and the implementation of fair client pricing. Nick also discusses the challenges they faced and the aspirations for the future, all while maintaining a balanced approach to life and work. This engaging conversation offers a deep dive into the life of a modern CPA striving for balance and growth. 📣 Shout Outs: Dawn Brolin, PWC, SmartVault, LeCert, Bench, Financial Sense, Anchor ⬇️Videos Referenced⬇️ Melissa McCarthy for Accounting Professionals (feat. Dawn Brolin) (https://youtu.be/GkcEXTmEVSY) Chapters: 00:00 Teaser 00:11 Introduction and Guest Introduction 00:47 Family Business Background 01:07 The Concept of Balanced CPA 04:23 Personal Life and Balance 08:36 Professional Journey and Achievements 11:40 Business Operations and Growth 18:36 Pricing Strategies and Client Management 21:06 Future Plans and Innovations 25:28 Discussing Business Structures and Tax Strategies 26:07 Balancing Business Expenses with a Partner 28:26 Modernizing the Firm with Technology 33:41 Balancing Personal and Professional Life 42:50 Credit Card Points and Financial Strategies 45:49 Future Goals and Firm Growth 🔗 Connect With Us On LinkedIn! 🔗 Nick Boscia, CPA, EA 📎 linkedin.com/in/nickboscia/ Boscia & Boscia PC 📎 linkedin.com/company/bosciapc/ 📎 bosciapc.com Scotty OKR Scarano 📎 linkedin.com/in/scottscarano/ Accounting High 📎 linkedin.com/company/accounting-high/ 📎 accountinghigh.com/ Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, Partnerships, Work Life Balance, The Balanced CPA, CPA, EA, Entrepreneurship

Episode 242 FACULTY: Chase Birky, CPA, Tim Petrey, CPA, and Kenji Kuramoto CLASS: #AccountingHigh Join Scotty and the DPS (Destroying Pyramid Schemes) panel of influential accounting leaders—Kenji Kuramoto (Acuity Accounting), Chase Berkey (Dark Horse CPAs), and Tim Petri (HD Growth Partners)—as they discuss innovative approaches to transforming the traditional accounting pyramid scheme firm structure. They explore new business models aimed at improving firm culture and client service, and share personal experiences of breaking away from legacy practices to create more dynamic and sustainable working environments. This engaging conversation delves into the nuances of leadership, firm management, and the future of the accounting profession, making it a must-watch for anyone involved in the field. 📣 Shout Outs: Jason Ackerman, Nikole Mackenzie, Matthew May, Logan Graf, Jim Collins, Blake Oliver, David Wertzbacher, Lee Cohen, LMC, Realize, RightWorks, Ascend, EY, KPMG, BotKeeper, Acuity, Drink While You Think, HD Growth Partners, Dark Horse CPAs ⬇️ Videos Referenced ⬇️ 012 Reverse Engineering your Firm (feat. Kenji Kuramoto, CEO) (https://youtu.be/8dWDZZ5yHHo) 132 A Solution to the Public Accounting Problem (feat. Chase Birky, CPA) (https://youtu.be/b1577gfJfSM) 223 $7.5M Small Town Big Fish Swimming with PE Sharks | Tim Petrey, CPA (https://youtu.be/yqekz3qv7oQ) 📚 Books Referenced 📚 “10x is Easier than 2x” by Dan Sullivan and Benjamin P. Hardy Chapters: 00:00 Teaser 00:44 Meet Kenji Kuramoto: The Veteran Guest 01:28 Meet Chase Berkey: The Space Turkey 03:02 Meet Tim Petrey: The Ohio Innovator 06:06 Creating a New Accounting Culture 07:54 Tim's Unique Approach to Firm Management 12:34 Building a Community of Accounting Mavericks 16:06 The Future of Accounting Firms 21:27 Firm as a Service: Dark Horse's Unique Approach 28:05 Rethinking CPA Licensure 31:22 Dismantling the Pyramid Scheme 36:47 The Role of Leadership in Modern Firms 41:02 The Ascend Model: Post-Ascension Changes 45:17 Concluding Thoughts and Future Discussions 🔗 Connect With Us On Linkedin! 🔗 Chase Birky, CPA | Dark Horse CPAs 📎 https://www.linkedin.com/in/chasebirky/ 📎 https://www.linkedin.com/company/darkhorsecpa/ 📎 https://darkhorse.cpa/ Tim Petrey, CPA | HD Growth Partners 📎 https://www.linkedin.com/in/petreycpa/ 📎 https://www.linkedin.com/company/hdgrowthpartners/ 📎 http://www.hdgrowthpartners.com Kenji Kuramoto | Acuity Accounting | Drink While You Think 📎 https://www.linkedin.com/in/kenjikuramoto/ 📎 https://www.linkedin.com/company/acuity.co/ 📎 http://www.acuity.co 📎 https://www.youtube.com/@DrinkWhileYouThink Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Accounting High, Accounting, Podcast, Coaching, Accounting Tips, How To Run An Accounting Practice, Accounting Industry, Accounting Practice, CPA, Accounting Community, Firm Structure, Accounting Firm, Pyramid Scheme, Partnerships

Episode 241 FACULTY: Nikole Mackenzie aka Niks, aka Nikki, aka Coach Mack CLASS: #Shoperations In this episode we have Coach Mack back on aka Nikole Mackenzie as she dives deep into her journey in the evolving world of Client Advisory Services (CAS). Nikole shares her experience from starting in a traditional accounting setting to establishing her firm, Momentum Accounting. We explore the transformation of CAS, and Nikole’s Profit Points system aimed at optimizing business performance. It’s time for another episode of Shoperations at Accounting High! 📣 Shout Outs: Millie, Ramona, Ron Baker, Ronnie Lott, Xero, Reach Reporting, Paycheck, Quickbooks Online, Peachtree, KPMG, Modesto, Bill.com, Gusto, EO, Vistage, Provisors, LiveFlow, GoProposal, Keeper, Teamwork, Profit First ⬇️ Videos Referenced ⬇️ Episode 11 - Beyond Building Momentum (feat. Nikole Mackenzie, CPA) (https://open.spotify.com/episode/1atA37jRDHV5gsYbGIKFFR?si=b73cc38b9dc34325) Varsity Tips (https://www.youtube.com/playlist?list=PL7PjVlOCWZ7GkpQTLdWjKImTi2UXJ8yab) Cash Flow Show (https://www.youtube.com/playlist?list=PL7PjVlOCWZ7Gj5oERq9PBWTYgnY_V3UEj) Chapters: 00:00 Teaser 01:25 Nikole's Journey with Accounting High 02:09 The Birth of Momentum 06:50 Transition to Client Accounting Services (CAS) 10:31 Early Challenges 14:40 Networking and Building the Business 19:06 Remote Work and Team Management 23:52 Understanding CAS: Evolution and Impact 28:40 The Role of Fractional CFOs 31:46 Implementing Reach Reporting 37:22 Training the Team and Clients 45:11 Future Plans and Final Thoughts 🔗 Connect With Us On LinkedIn! 🔗 Nikole Mackenzie 📎 https://www.linkedin.com/in/nikolemackenzie/ Momentum Accounting 📎 https://momentumaccounting.com/ Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, CAS, CAAS, Client Advisory Services, Advisory, CFO, Controller, Client Accounting Services, Client Accounting advisory Services, Scaling

Episode 240 FACULTY: Calvin Harris Jr, CPA In this episode, Scotty interviews Calvin Harris Jr., the CEO of the New York Society of CPAs. Calvin shares his extensive career journey, his background, his love for music and tattoos, and his thoughts on the future of accounting amidst technological changes such as AI. Calvin passionately advocates for the CPA profession, emphasizing the opportunities it offers and its evolving nature with advancements in technology. Sit back and take notes on the state of the Accounting Profession. 📣 Shout Outs: Byron Patrick, The New York State Society of CPAs, ChatGPT, Virgin Cruise, Morgan State University, Morehouse College Chapters: 00:00 Teaser 01:53 Calvin's Background and Early Career 02:11 NFL Teams and Sports Loyalty 03:50 Journey to Becoming a CPA 06:16 Advocacy for the CPA Profession 08:38 Social Media and Personal Branding 11:02 First Jobs and Career Transitions 16:28 Loyalty and Career Advice 18:30 The Versatility of a CPA License 21:26 Changing Perceptions of Accountants 25:58 Career Shifts in Accounting 26:45 Challenges for Mid-Career Entrants 27:23 Marketing to the Younger Generation 27:51 Personal Experiences in Auditing 29:02 Hope for the Future of Accounting 33:28 The Impact of Technology and AI 41:38 Balancing Passion and Profession 45:41 Final Thoughts 🔗 Connect With Us On Linkedin! 🔗 Calvin Harris Jr, CPA 📎 https://www.linkedin.com/in/calvinhjr/ The New York State Society of CPAs 📎 https://www.linkedin.com/company/nycpasociety/ 📎 http://www.nysscpa.org Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Accounting High, Accounting, Podcast, Coaching, Accounting Tips, How To Run An Accounting Practice, AI, Artificial Intelligence, Accounting Industry, Accounting Profession, CPA, Accounting Community

Episode 239 FACULTY: Scott Scarano, EA and Matt Kid, CPA CLASS: #Shoperations In this episode, our substitute teacher, Matt Kidd, continues his interview with Scott Scarano, EA where Scott shares the story of how he grew his accounting firm to $1.3 million with $400,000 in annual cash flow, and became completely removed from daily operations. Scott provides insights into the importance of a strong team, unique hiring methods, and embracing technology and innovation in the firm. He also touches on his passion for rapping, his struggle with growth versus letting off the reins, and his future aspirations for his firm. 📣 Shout Outs: Jason Ackerman, Ron Baker, Jody Grunden, Adam Hale, Shane Mason, Ashley Francis, Summit CPAs, Live Plan, Microsoft Dynamics, Karbon, Engage ⬇️Videos Referenced⬇️ The Model Cloud Accounting Firm (feat. Jody Grunden, CPA) (https://youtu.be/o7ccvINvvic) Tax Firm Adding Value with Financial Planning and CAS feat Matt Kidd, CPA (https://youtu.be/X-_9E-4YBXQ) Chapters: 00:00 Teaser 01:26 Building the Firm: Client Acquisition and Niche 04:18 Innovative Hiring Techniques 05:52 Embracing Quirkiness: A Rebel Yell 06:22 Influences and Inspirations 08:00 Beginning the EOS Journey 10:03 Remote Work and Management Trust 12:24 Financial Struggles and Turning Points 20:07 Transitioning Out of Sales 22:43 The Live Plan Experiment 24:14 Facing Failures and Employee Turnover 25:10 Reflecting on Advisory Services 26:45 Firm's Financial Status in 2022 27:49 Challenges and Changes in 2023 29:56 Client Management and Team Growth 32:47 Considering Wealth Management 33:17 Balancing Passions and Career 33:36 The Impact of Podcasting and Rapping 37:08 Future Goals and Reflections 37:51 Learning from the Podcast 39:16 Accounting Influencers 39:53 Closing Thoughts and Final Reflections 🔗 Connect With Us On LinkedIn! 🔗 Matt Kidd, CPA 📎 https://www.linkedin.com/in/matthewkiddcpa/ Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, Entrepreneur Journey, Firm Growth, EOS, Leadership, Financial Freedom, Scale Business, Scale Firm, Firm Growth

Episode 238 FACULTY: Scott Scarano, EA and Matt Kid, CPA CLASS: #Shoperations In this episode, one of Accounting High’s substitute teachers, Matt Kidd, CPA interviews Scott Scarano, EA, about his journey through accounting. Scott shared how his grandfather's CPA firm and the family software business shaped his early career, as well as the tough times he faced during college before finding his way back to accounting. He talked about his experiences with remote work, using Xero, and implementing EOS, all of which helped him transform his firm and himself. Over time, Scott grew the business significantly and reinvented his role, evolving from an accountant to a full-fledged entrepreneur. 📣 Shout Outs: Kenji Kuramoto, Jason Staats, Matthew May, Christopher Leon, Jason Ackerman, Bernie Ackerman, Acuity, Xero, XeroCon, XPAC, Thompson Reuters, QuickBooks, BNA CPA’s North Carolina ⬇️Videos Referenced ⬇️ Tax Firm Adding Value with Financial Planning and CAS feat Matt Kidd, CPA (https://youtu.be/X-_9E-4YBXQ) 📚 Books Referenced 📚 Rocket Fuel by Gino Wickman and Mark c. Winters (https://www.eosworldwide.com/rocket-fuel-book) What the Heck is EOS by Gino Wickman and Tom Bouwer (https://www.eosworldwide.com/what-the-heck-is-eos) Traction by Gino Wickman (https://www.eosworldwide.com/traction-book) Chapters: 00:00 Teaser  01:16 Introducing ... Scott Scarano, EA???  02:33 How Scott Got into Accounting  05:15 College Years and Career Beginnings  06:04 Struggles and Turning Points  09:28 Building the Firm  12:02 Growth and Expansion  16:29 Challenges and Adaptations  17:42 Remote Work Experimentation  18:18 Accountant or Entrepreneur?  19:13 Discovering Xero  20:49 Networking and Growth  24:15 Embracing EOS  26:13 Visionary vs. Integrator  28:47 Challenges and Realizations  32:28 COVID and Transformation  35:38 Part 2 Preview 🔗 Connect With Us On LinkedIn! 🔗 Matt Kidd, CPA 📎 https://www.linkedin.com/in/matthewkiddcpa/ Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, Entrepreneur Journey, Firm Growth, EOS, Leadership, Financial Freedom, Scale Business, Scale Firm

Episode 237 FACULTY: Dustin Verity, CPA CLASS: #Shoperations In this episode, we sit down with Dustin Verity from Verity CPA, who joins us live from Hawaii. Dustin shares his experiences from founding Verity CPA in 2012, starting with small beginnings working out of a kitchen table to managing a multi-million dollar firm with 25 employees and three offices. The episode offers deep insights into the steps and hurdles of growing a CPA firm from scratch, emphasizing flexibility, continual reinvestment, and the dynamics of business growth. 📣 Shout Outs: Grant Thornton, EY, 4 City Hawaii, Xero, Wesley, Zapier, Airrtable, Ultratax, CCH, Thomson and Reuters, QuickBooks Desktop Chapters: 00:00 Teaser 02:26 Founding Verity CPAs 03:42 Journey to Hawaii 04:15 Starting the Practice 05:25 Early Challenges and Growth 13:56 Navigating the Pandemic 16:16 Firm Expansion and Acquisitions 18:18 Current Operations and Future Plans 23:59 Integrating Systems and Processes 25:30 Journey to Hawaii 26:08 Building a Modern CPA Firm 28:27 Marketing and Client Acquisition 33:10 Lessons from Acquisition 36:31 Final Advice and Reflections 🔗 Connect With Us On LinkedIn! 🔗 Dustin Verity, CPA 📎 https://www.linkedin.com/in/dustinverity/ Verity CPAs 📎 https://www.linkedin.com/company/verity-cpas/ 📎 http://www.veritycpas.com/ Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, Hawaii CPA, Firm Growth, Scaling

Episode 236 FACULTY: Joe Carufe and Ben Curtis, CPA CLASS: #Shoperations In this episode, Scotty hosts Joe Carufe and Ben Curtis of Good Measure. They discuss their unique approach to building a new type of firm, embracing partnership without ego, and intentionally planning for sustainable growth. The conversation dives into the evolution from their past experiences to creating Good Measure with a focus on strong client relationships and community impact. Joe and Ben share their vision for a balanced professional and personal life, their process in finding ideal clients, and the importance of giving back. Engaging and insightful, this episode provides a blueprint for building a purpose-driven, successful firm. 📣 Shout Outs: Good Measure, Karbon, Adam Slack, Two Roads, System Six, Chris Williams, Deeper Weekend, QuickBooks, Ian Vacin, Jeremy Allen, Gusto, Intuit, Bill.com ⬇️Videos Referenced⬇️ The Accounting Game (feat. Chris Williams, CEO) (https://youtu.be/AhkKXviITnw) Chapters: 00:00 Teaser 02:02 Joe's Journey 03:36 Why start as a Partnership? 06:10 Working at System Six 07:11 Starting Good Measure 10:22 Scaling and Team Growth 17:14 Financials and Future Plans 20:24 Balancing Roles and Responsibilities 27:55 Defining the Ideal Client 29:52 Psychographics 31:09 Client Acquisition Strategies 34:12 Leveraging Technology and Innovation 48:20 Final Thoughts and Advice 🔗 Connect With Us On LinkedIn! 🔗 Joe Carufe 📎 https://www.linkedin.com/in/joe-carufe-20603621/ Ben Curtis, CPA 📎 https://www.linkedin.com/in/ben-curtis-goodmeasure/ Good Measure 📎 https://www.linkedin.com/company/good-measure-financial/ 📎 http://www.goodmeasurefinancial.com Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Partnerships, Good Measure, Joe Carufe, Ben Curtis, Cloud Bookkeeping, Business Growth, System Builders, Partnership Goals, Financial Planning, Entrepreneur Life, Small Business, Accounting Firms, Client Acquisition, Business Advice, Business Leadership, Client Relationships, Scale Your Business, Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes

Episode 235 FACULTY: Carla McCall, CPA aka Queen B CLASS: #Shoperations In this episode, Scotty interviews Carla McCall, CPA, managing partner of AAFCPAs and chair of the AICPA. Carla shares her innovative approach to the accounting profession, emphasizing a people-first culture that flips the traditional script of client and firm importance. She discusses the importance of technology integration, lessons learned from her career journey, and strategies implemented to create a supportive and inclusive workplace. Carla also touches on her work with the AICPA, the future of the accounting profession, and the challenges and rewards of leading through change. 📣 Shout Outs to Byron Patrick, CPA.CITP, Herb Alexander, CannCount, Ron Baker, AICPA, AAFCPAs Chapters: 00:00 Teaser 05:17 Early Career and Influences 07:37 Joining AAFCPAs and Career Growth 13:53 Leadership and Firm Culture 29:31 Recognizing Opportunities in Bookkeeping 29:49 Scaling the Business with Strategic Leadership 30:33 Diverse Practices and Technological Integration 32:11 Advisory Services and Strategic Shifts 38:14 Remote Work and Office Dynamics 42:21 Leadership and Authenticity 48:46 Future of the Profession and Technological Advancements 🔗 Connect With Us On LinkedIn! 🔗 Carla McCall, CPA 📎 https://www.linkedin.com/in/carlamccallaaf/ AAFCPAs 📎 https://www.linkedin.com/company/aafcpa/ 📎 https://www.aafcpa.com/ CannCount 📎 https://www.linkedin.com/company/canncount/ 📎 https://www.aafcpa.com/industries/cannabis-businesses/canncount/ Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, Women In Accounting, Leadership, People First, Inclusion, Technology, ChangeMakers, AICPA, Innovation

Episode 234 FACULTY: Matt Kidd, CPA CLASS: #Shoperations In this throwback to Sons of CPAs, Scotty chats it up with Matt about his two CPA brothers, diving into how they each built successful practices, inspired by their CPA father. They talk about managing and transitioning CPA firms, incorporating wealth management, modernizing traditional practices, tax season, and client relationships. Tune in for a comprehensive view on growing a client-centric, million-dollar CPA practice, with insights on practical strategies and overcoming challenges in the accounting profession. 📣 Shout Outs: Shane Mason, Blunden, QuickBooks Online, QuickBooks Desktop, Xero, UltraTax, Karbon, Excello, Onvio, Thompson Reuters, Citrix, Buckingham Strategic Partners, Loring Ward, AICPA, AICPAENGAGE, Jon Gordon ⬇️ Video Referenced ⬇️ 051 - Numbers and Love Letters (feat. Shane Mason, CPA/PFS, CFP, CPWA) (https://youtu.be/Pkn_JPfwl0k) 📚 Books Referenced 📚 The Energy Bus: 10 Rules to Fuel Your Life, Work, and Team with Positive Energy by Jon Gordon (https://theenergybus.com/) Chapters: 00:00 Teaser 02:12 Meet Matthew Kidd: The CPA Journey 02:30 Family of CPAs: The Kidd Legacy 02:50 The Value of Wealth Management 02:58 Matthew's Path to Becoming a CPA 07:26 Acquisitions and Practice Growth 14:15 Hard Numbers 24:02 Modernizing 25:43 Navigating Tax Laws and Old Tech 27:18 The Onvio Experience 29:50 Transitioning to Cloud-Based Systems 33:24 Launching Wealth Management Services 40:57 Marketing Wealth Management to Clients 45:17 The GetTo Foundation and Its Impact 47:54 Reflections on Accounting Practices and Margins 51:39 Closing Thoughts and Future Plans 🔗 Connect With Us On LinkedIn! 🔗 Matt Kidd, CPA 📎 https://www.linkedin.com/in/matthewkiddcpa/ Blunden & Kidd Accounting & Consulting, P.C. 📎 https://www.linkedin.com/company/blunden-kidd-accounting-consulting-p-c/ 📎 https://blundenkidd.com/ Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, tax planning, financial advisory, CPA journey, wealth management, family business, accounting firm growth, hybrid work model, client relationships, CAS integration, professional development

Episode 233 FACULTY: Kendale King, CPA CLASS: #AccountingHigh Join us as Scotty interviews Kendale King, CPA from Los Angeles, who shares his inspiring journey from childhood entrepreneurship with his brother to a successful career in Hollywood accounting. Kendale discusses his transition from auditing roles at Deloitte to working in entertainment consulting with major companies like Netflix. His passion for accounting and entrepreneurial spirit led him to launch CPAcon, the first accounting olympics. Discover what Kendale is bringing to the accounting world in this episode! 📣 Shout Outs: CPACon, Deloitte, Chrysler, Morehouse College, Siegfried Seals Group, 21st Century Fox, Netflix, Earmark, Richard, Denise Freming, CalCPA, Dream Con Chapters: 00:00 Teaser 01:55 Kendale's Background and Early Life 02:41 Choosing a Career Path 03:41 First Steps in Accounting 05:24 Early Entrepreneurial Ventures 09:31 Transition to Entertainment Industry 12:10 Experience at Netflix 14:27 Post-Netflix Career Moves 19:24 Introducing CPACon: Gamifying Accounting 29:42 Final Thoughts and Advice 🔗 Connect With Us On Linkedin! 🔗 Kendale King, CPA 📎 https://www.linkedin.com/in/kendale-king-cpa-💵-90916721/ KCK CPA 📎 https://www.kck-cpa.com/services CPAcon 📎 https://www.linkedin.com/company/cpacon/ 📎 https://www.thecpacon.com/ Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Accounting High, Accounting, Podcast, Coaching, Accounting Tips, How To Run An Accounting Practice, CPACon, CP, accounting event, entrepreneurship, DreamCon, Los Angeles, networking

Episode 232 FACULTY: Becca Smith, MAAT In this episode, Scotty interviews Becca Smith, MAAT an Education Leader at Xero. Learn about the global nuances of accounting practices, Xero’s educational initiatives, and community events like Xerocon and Xero roadshows. Hear updates about Xero’s innovative payment solutions, their AI companion JAX, and the evolution of financial technologies. Join us to learn how these advancements are shaping the future of accounting! 📣 Shout Outs: Xero, Xerocon, Bill.com, Xero JAX Chapters: 00:00 Teaser 01:28 Introduction  04:08 Transition to Xero  08:52 Role at Xero and Education Focus  15:03 Community Building and Events  21:40 Personal Insights and Running  23:36 Balancing Work and Hobbies  23:49 Global Accounting Practices  24:54 Payment Methods Evolution  28:13 Tipping Culture Differences  28:53 Xero's New Initiatives  33:40 JAX AI Companion  40:39 XeroCon Rap Performance 45:25 Conclusion 🔗 Connect With Us On Linkedin! 🔗 Becca Smith, MAAT 📎 https://www.linkedin.com/in/becca-smith-maat-79080190/ Xero 📎 https://www.linkedin.com/company/xero/ 📎 http://www.xero.com Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Accounting High, Accounting, Podcast, Coaching, Accounting Tips, How To Run An Accounting Practice, Accounting Education, XeroCon, Becca Smith, Accounting AI, UK Accounting, Accounting Technology, Xero, Global Accounting

Episode 231 FACULTY: Kyle Geers, CPA CLASS: #Shoperations In this episode, join Scotty and Kyle Geers as they talk about his unique path from college water skiing enthusiast to managing a fully remote firm with $2 million in revenue. Hear how the founders of Zeroed In leveraged their skills to create profitable accounting practices, navigated communication and collaboration challenges, and utilized tools like Power BI and ClickUp. Discover insights on capacity planning, client service management, and fostering team growth through clear career paths. 📣 Shout Outs: Bridging the Gap, Grant Thornton, Xero, Zeroed In, QBO, NetSuite, Sage, Microsoft Dynamics, Power BI, Power Query, Power Automate, Microsoft Copilot, ChatGPT, Microsoft 365, ClickUp. Zapier, Microsoft SharePoint, Microsoft Teams, Roman Villard, Digital CPA Chapters: 00:00 Teaser  02:27 Kyle's Journey into Accounting  04:46 Experiences at Grant Thornton  09:46 Transition to Technical Accounting Advisory  16:54 Building and Growing Zeroed In  20:52 Using ChatGPT vs. Copilot  21:37 Integrating Accounting Systems  23:31 Client Onboarding and Ideal Profiles  25:48 Roles and Responsibilities in the Firm  29:37 Internal Communication and Team Meetings  33:03 Final Tips for Students  34:07 Partnership Dynamics and Challenges  36:16 Networking and Professional Communities 🔗 Connect With Us On LinkedIn! 🔗 Kyle Geers, CPA 📎 https://www.linkedin.com/in/kylegeers/ Zeroed-In Consulting 📎 https://www.linkedin.com/company/zeroed-in-consulting/ Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, partnerships, remote work, technical accounting, entrepreneurship, business growth, advisory services, Microsoft tools, client management

Episode 230 FACULTY: Ashley Francis, CPA CLASS: #TheGuide In this episode, Scotty and Ashley Francis, CPA explore personal development strategies, including habit formation, overcoming people-pleasing, managing self-doubt and anxiety, especially in high-pressure situations like public speaking and even how ChatGPT could be your goto therapist. 📣 Shout Outs: Mike Sylvester, ChatGPT, Xero ⬇️Episodes Referenced ⬇️ 187 AI Horror Stories: Shining a Light on the Dark Side of AI (https://open.spotify.com/episode/2wAVjhBGQvgiydiOp2sPOj?si=y9Fn92lESam5N8QaftjFyQ) Chapters: 00:00 Teaser 02:29 The Human Element in Automation 03:59 Embracing New Roles and Teaching 04:54 Personal Growth and Healthy Habits 11:33 The Power of ChatGPT 15:03 Overcoming Perfectionism and Self-Doubt 24:04 Public Speaking and Personal Reflections 26:33 Conclusion and Final Thoughts 30:12 The Power of Saying No 🔗 Connect With Us On LinkedIn! 🔗 Ashley Francis, CPA 📎 https://www.linkedin.com/in/ashley-francis-seattle/ The Francis Group, PLLC 📎 https://francisgroupsea.com/ Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: The Guide, Accounting High, Accounting, Podcast, Guidance, Vision, Firm Owners, Advice, AI in accounting, ChatGPT, mental health, professional growth, healthy habits, meditation, automation tools, firm management, perfectionism, stress management, public speaking, personal development, accounting tips, professional advice, healthy lifestyle, self-improvement, habit formation, career evolution, tax profession, CPA insights

Episode 229 FACULTY: Ashley Francis, CPA CLASS: #Shoperations In this episode, Scotty and Ashley Francis, CPA discuss her journey in becoming a CPA, building her niche practice focused on high-net-worth individuals, and exploring educational opportunities. Ashley shares her passion for accounting, spurred by early childhood experiences, and her growth from working in large accounting firms to running her own practice. She talks about her unique experience with trust and estate taxes, homeschooling her son, and the challenges and rewards of balancing a practice with educational endeavors. Ashley and Scott do NOT discuss: AI, Jason Staats, or Automation! 📣 Shout Outs: Alicyn McLeod, Nicole Davis, Byron Patrick, Neil Stevenson, Ali Abdaal, Cal Newport, Deep Work, Misty Schachtell, Theatre of Public Speaking, Seattle Estate Planning Society, Matthew G Norton, Deloitte, Oura Ring, Twitter, AICPA Engage, Atlanta Tax, Jason Staats Chapters: 00:00 Teaser 02:17 Introduction 05:01 The Role of Accountants in Society 13:47 Starting a Practice and Homeschooling 17:25 Building a Niche in Trust Taxes 21:05 The Power of Networking and Social Media 22:56 Balancing Practice and New Opportunities 28:10 Exploring White Labeling and Future Plans 🔗 Connect With Us On LinkedIn! 🔗 Ashley Francis, CPA 📎 https://www.linkedin.com/in/ashley-francis-seattle/ The Francis Group, PLLC 📎 https://francisgroupsea.com/ Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, Taxation Podcast, CPA Interview, Trust Taxes, Financial Planning, Accounting Career, Estate Planning, Homeschooling, Wealth Management, High Net Worth, Accounting High Podcast, Professional Guidance, Financial Advisory, CPA Firm, Course Creation, Business Strategy, Tax Professionals, Seattle Tax, Family Office, Social Media Networking, Tax Automation

Episode 228 FACULTY: Adam Hale, CPA CLASS: #Shoperations TITLE: $10M Model Cloud Accounting Firm, Beyond the Summit In this episode of Accounting High, join the host and guest Adam Hale from Summit CPAs as they dive into the transformation from traditional accounting to advisory services. Adam discusses the journey of creating a successful model cloud accounting firm, emphasizing the shift from answering questions to asking them, the importance of building a niche, and the challenges of merging with a larger firm like Anders. He shares valuable insights on developing advisory services, maintaining culture in a distributed team, and growing a business by learning from failures. Whether you're starting out in the accounting field or looking to innovate within your firm, this episode offers practical advice and inspiration. 📣 Shout Outs: Summit CPAs, Anders CPAs + Advisors, Jody Grunden, Kenji Kuramoto, Matthew May, Acuity, Mike Meilinger, Virtual CFO, Navigate the Journey ⬇️Videos Referenced⬇️ Episode 47 - The Model Cloud Accounting Firm (feat. Jody Grunden, CPA) (https://youtu.be/Q4r3CX3G1qk) Episode 173 - Growing a Profitable Remote CFO Accounting Firm (feat. Jody Grunden, CPA) (https://podcasters.spotify.com/pod/show/accountinghigh/episodes/173-Growing-a-Profitable-Remote-CFO-Accounting-Firm-feat--Jody-Grunden--CPA-e294kjl)  Episode 227 - $3.5M Firm with a Budget for Being Uncomfortable (feat. Mike Meilinger, CPA) (https://youtu.be/7T6zsd0lxAI) Chapters: 00:00 Teaser  01:22 Introduction  02:30 The Journey to Becoming a CPA  04:19 Meeting Jody and Early Career  08:14 Building the Firm Together  12:00 Challenges and Growth  15:34 Partnership Dynamics  23:34 Advisory Services and Evolution  26:06 The Turning Point: Realizing the Value of Advisory Services  27:21 Building Confidence in Advisory Work  28:51 Transitioning to a Value-Based Pricing Model  30:25 Challenges in Training Advisors  35:11 Creating a Systematic Approach to Client Meetings  38:36 Accidentally Finding a Niche Market  40:55 Embracing a Distributed Work Model  42:40 Navigating the Competitive Landscape  52:47 Advice for Aspiring Advisors 🔗 Connect With Us On LinkedIn! 🔗 Adam Hale, CPA 📎 https://www.linkedin.com/in/adamhalecpa/ Anders CPAs + Advisors 📎 https://www.linkedin.com/company/anders-cpas-advisors/about/ 📎 http://www.anderscpa.com Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, Cloud accounting, CPA firm, virtual CFO, advisory services, accounting podcast, business growth, financial advice, distributed work model, merger, partnership dynamics, entrepreneurial journey, remote work, private equity, firm culture, value-based pricing, business advisory, professional services

Episode 227 FACULTY: Mike Meilinger, CPA CLASS: #Shoperations In this episode, join us as we dive into an inspiring conversation with Mike Meilinger, a seasoned CPA and business coach who has transformed not only his accounting firm but also his health. Mike shares his incredible physical transformation and adopting extreme fitness regimes like 75 Hard. Gain valuable insights on balancing business success with personal health, the importance of emotional well-being, and why investing in discomfort can lead to growth in all aspects of life. 📣 Shout Outs: Gary Breka Health Routine, Bridging the Gap, Deloitte, Insignia, Strategic Coach, Buy Back Your Time, Dan Martell, Dan Sullivan, Geno Wickman, Quickbooks, Thomson Reuters, Certified Tax Coach, Dominique Molina, Rick Solomon, Monday, ClickUp, Citrix, UltraTax, Rightworks, Xero, Bill.com, Rootworks, Jason Staats, Summit CPA, Gusto, Jody Grunden, Eddie Priscilla’s Live Hard Program, Pinnacle Coaching, Gordon Caudle, Enlightened Business Advisors, Peter Attia, Brant Hansen 📚 Books Referenced 📚 Buy Back Your Time by Dan Martell Unoffendable by Brant Hansen Outlived by Peter Attia Chapters: 00:00 Teaser  02:52 Mike's Journey to Accounting  04:49 Starting and Growing the Firm  06:10 Strategic Coach and Business Principles  13:51 Technology and Outsourcing  24:00 Learning from the Best: Coaches and Systems  24:34 Pricing and Engagement Lessons  26:28 Sales and Hiring Strategies  27:54 Journey to Health and Fitness  31:10 The Importance of Self-Investment  44:23 Emotional Health and Forgiveness  46:54 Final Thoughts 🔗 Connect With Us On LinkedIn! 🔗 Mike Meilinger 📎 https://www.linkedin.com/in/mikemeilinger/ 📎 https://www.meilinger.us/ Scotty OKR Scarano 📎 https://www.linkedin.com/in/scottscarano/ Accounting High 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, firm growth, CPA success, business coaching, strategic coach, healthy lifestyle, bodybuilding, accounting firm, discomfort budget, tax planning, outsourcing, client relationships, Pinnacle coaching, fitness journey, health principles, entrepreneur tips, delegation strategies, emotional health, personal trainer, business systems, professional development

Episode 226 FACULTY: Dominic Piscopo, CPA In this episode, Scotty chats with Domini Piscopo, the founder of Big4Transparency.com. Domini shares his journey from being a tax analyst at Deloitte to becoming an entrepreneur. He talks about the importance of transparency in the accounting profession, how his platform helps accountants understand salary expectations, and his future plans for Big4Transparency. 📣 Shout Outs: Big4Transparency, Bridging the Gap, Deloitte Canada, Rewind, Lil Dicky, Dave Byrd, Reddit, Robert Half, Fishbowl, Blind, Brandon Hall, Twitter/X, Tim Petrey ⬇️ *Videos Referenced* ⬇️ _$7.5M Small Town Big Fish Swimming with PE Sharks (feat. Tim Petrey, CPA)_ (https://youtu.be/yqekz3qv7oQ) _Guide to Ground your Growth with Gratitude (feat. Tim Petrey, CPA)_ (https://youtu.be/g-OTO-3YWnI) Chapters: 00:00 Teaser 02:46 Dominic's Journey into Accounting 09:29 Transition to Entrepreneurship 23:46 Business and Data Sharing 25:04 Demographics and User Engagement 25:28 Branding and Revenue Generation 28:39 Big Breakthroughs and Validation 31:12 Current Offerings and Future Plans 40:18 Podcasting and Networking 41:55 Final Thoughts and Advice 🔗 _Connect With Us On Linkedin!_ 🔗 *Dominic Piscopo, CPA* 📎 https://www.linkedin.com/in/dopiscopo/ *Big4Transparency.com* 📎 https://www.linkedin.com/company/big4transparency-com/ 📎 https://www.big4transparency.com/ *Scotty OKR Scarano* 📎 https://www.linkedin.com/in/scottscarano/ *Accounting High* 📎 https://www.linkedin.com/company/accounting-high/ 📎 https://www.accountinghigh.com/ Tags: Accounting High, Accounting, Industry, Practice, Podcast, Guidance, Vision, Firm Owners, Advice, Compensation Database, Accountants, Dominic Piscopo, Big Four, Transparency, CPA, Salary Data, Accounting Industry, Public Accounting, Accounting Firms, Career Advice, Entrepreneurship, Accounting Careers, Financial Planning, Audit, Tax, FP&A, Reddit, Networking, Business Development