Episode 252
FACULTY: Ron Baker
CLASS: #TheGuide
Scotty’s back in the Office with our Principal, Ron Baker, and he has a copy of "The Creative Act: A Way of Being" by Rick Rubin. In this book report, they cover a wide range of topics, including creativity in art and accounting, the quest for efficiency, the role of humor in art, and the importance of paying attention to your surroundings. The conversation also touches on the challenges of being an entrepreneur and artist, the subjective nature of value, and the evolution of an artist's work. This engaging and thought-provoking discussion is a must-listen for anyone interested in creativity, art, or entrepreneurship. Tune in to hear more from Scott and Ron on "The Creative Act" and its many insights.
All the Shoutouts:
Greg Kyte, CPA, Rick Rubin, Broken Record, Jason Ackerman, CPA, CFP®, CGMA, Times up, Jasper, Conversations with Tyler, South Park, Arthur Schopenhauer, John Wooten, James Clear, Simon Sinek, Tim Williams, Nikole Mackenzie, David C. Baker, Caddyshack, Dave Chappelle, Terrell A Turner, CPA, Kenji Kuramoto, James Ashford, Michelle Weinstein, Tim Ferriss, Leonard Cohen, Bob Dylan, John Lennon, Eminem, Paul McCartney, Beatles, Elvis Presley, Sage, Thriveal, The Crux, Momentum Accounting, Inc, Mortimer J. Adler
Episode 251
FACULTY: Paul Dunn
CLASS: #TheGuide
Join Scott as he sits down with Paul Dunn, an author and a veteran in the accounting profession with over 30 years of experience. From the eye of a cyclone in Brisbane, Paul shares profound insights on finding purpose and creating a lasting impact. They delve into the importance of driving businesses beyond mere tools to creating significant outcomes, leveraging AI in transformation, and reframing business strategies to enrich the lives of both clients and team members. Paul also introduces B1G1, his initiative for making a social impact with every business transaction. Tune in for a compelling discussion that aims to inspire accountants and business owners to stand for something bigger than themselves.
📣 Shout Outs: Ron Baker, Rick Payne, James Clear, Daniel Preistly, Joseph Pine II, Substack, Steve Jobs, Mr. Rogers
📚 Books Referenced 📚
“Times UP” by Paul Dunn and Ron Baker
“Firm of the Future” by Paul Dunn and Ron Baker
“Atomic Habits” by James Clear
“The Experience Economy” by Joseph Pine II and James H. Gilmore
“The Transformation Economy” by Joseph Pine II
Chapters:
00:00 Teaser
01:29 Introduction
03:38 Purpose and Legacy
13:23 The Accountants Bootcamp
14:17 Creating History, Not Reporting It
23:35 The Power of Small Changes
25:12 The Importance of Punctuality
26:07 Reframing Proposals as Plans
28:36 Chat GPT
33:17 Transforming Lives Through Accounting
48:50 The Role of Storytelling in Business
52:33 Creating a Positive Work Environment
🔗 Connect With Us On Linkedin! 🔗
Paul Dunn
📎 https://www.linkedin.com/in/paulb1g1/
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, Purpose, Legacy, Accounting Profession
Episode 250
FACULTY: Ryan Bakke, CPA
CLASS: #Shoperations
In this episode, Ryan Bakke, CPA discusses his incredible journey of building a $3 million accounting firm by the age of 26. Ryan shares insights on the importance of a good hook in marketing, strategies for running a successful firm, and leveraging social proof through platforms like Facebook. He also delves into his motivations for leaving Deloitte, the value of mentorship, and his future goals for rapid growth and acquisition within the accounting profession. Ryan's story is a testament to how far standing on the shoulders of giants can get you.
📣 Shout Outs: Dominic Piscopo, Big 4 Transparency, Brandon Hall, Deloitte, Tax Strategy 365, Bilal Mehanna, Becker, Bill Faith, Billy Mays, Driven, Logan Graf, Jason Staats
📚 Books Referenced 📚
“How to Win Friends and Influence People” by Dale Carnegie
“48 Laws of Power” by Robert Greene
Chapters:
00:00 Teaser
00:17 Introduction
01:17 Early Influences and Career Choices
03:30 Journey Through Deloitte
08:55 Building a Community and Brand
15:20 The Importance of Email Marketing
22:29 Attention as the New Oil
26:24 Building a Community Funnel
26:41 The Power of a Hook
27:28 Real-Life Hook Examples
29:01 The Importance of Community
32:37 Understanding Customer Motivation
38:08 Avoiding Feature Vomiting
48:14 Acquisitions and Future Goals
50:21 Parting Wisdom for Success
🔗 Connect With Us On LinkedIn! 🔗
Ryan Bakke, CPA
📎 https://www.linkedin.com/in/ryanbakkecpa/
Tax Strategy 365
📎 https://www.linkedin.com/company/tax-strategy-365/
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, Taxes, Sales, Marketing
Episode 249
FACULTY: Shane Mason, CPA/CFP
CLASS: #Shoperations
Join us in this Shoperations episode as we learn from Shane Mason of Brooklyn FI and his venture into software. Shane shares insights into the company's growth, handling rapid expansion, and the importance of predicting the future over dwelling on the past. Discover how Brooklyn FI is navigating industry shifts, introducing new partners, and staying ahead with innovative solutions like Gemifi. Perfect for students and professionals eager to learn about financial planning, startup struggles, and the evolving landscape of tech-driven advisory services.
📣 Shout Outs: Brooklyn FI, Inc5000, Palantir, Siri, CDF, Spotify, John Owens, Caitlin Fastiggi, Dan Beyer, Ally Jane Ayers, Live Oak Bank, Acuity, Intuit, PWC, Apple, The Liquidity Event, Gemifi, Tallyfor, Ignition, Ryan Embre, Guy Pearson, Craft Impact, Core Weave, Webber Grills, Peter Theil, Alex Karp, Backbone Planners, Deep Work
⬇️ Videos Referenced ⬇️
051 Numbers and Love Letters (feat. Shane Mason, CPA/PFS, CFP, CPWA)
(https://youtu.be/Pkn_JPfwl0k)
083 Tallyfor Product Review (feat. Shane Mason, Megan Justice, and Nikole Mackenzie )
(https://youtu.be/xd2Zn9u1mRI)
Chapters:
00:00 Teaser
00:28 Welcome Back Shane and BrooklynFI
09:59 Team Structure and Remote Work
13:04 Client Services and Financial Planning
22:28 The Liquidity Event Podcast
25:36 New Ventures: Gemify Software
34:50 BrooklynFI's Continued Success
35:30 Marketing Strategies and Partnerships
40:26 Investment Strategies and Market Insights
46:41 Final Thoughts and Advice
🔗 Connect With Us On LinkedIn! 🔗
Shane Mason, CPA/CFP
📎 https://www.linkedin.com/in/shanemasoncpacfp/
Brooklyn FI
📎 https://www.linkedin.com/company/brooklyn-fi/posts/?feedView=all
Gemifi
The Liquidity Event Podcast
📎 https://www.brooklynfi.com/podcast
AJ’s Substack: Money Changes Everything
📎 https://substack.com/@moneychangeseverything
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, Client Advisory Services, CAS, Financial Planning, Tax Planning, Tech Forward, Firm Owner
Episode 248
FACULTY: Jason Ackerman, CPA aka J-Rabbit aka the Accounting High Lunch Lady
CLASS: #Shoperations
In this episode, Jason Ackerman, CPA, co-founder of WealthRabbit, discusses the importance of accountants providing advisory services and setting up retirement plans for clients. Ackerman explains the challenges and opportunities in offering simple IRAs, SEPs, and other retirement plans, and emphasizes the need for accountants to evolve from mere compliance work to value-driven services. The conversation delves into the development of WealthRabbit, the integration with payroll systems, and the importance of customer service in both accounting and software businesses.
📣 Shout Outs: Bernie Ackerman, BNA CPAs & Advisors, Gusto, Ron Baker, Fidelity, Guideline, Human Interest, ADP, Finch, Intuit, Paychex, OnPay
⬇️Videos Referenced⬇️
$6M Tax Firm, Building a CAS Practice, Implementing EOS, with NO Timesheets! | Jason Ackerman, CPA
(https://youtu.be/PkI8FW7lozU)
Chapters:
00:00 Introduction
00:35 Jason Ackerman's Career Update
02:01 Firm Updates and New Hires
04:05 Combining Wealth and Tax Services
06:17 Retirement Planning Advisory
18:37 Understanding Simple IRA Compliance
19:14 Revenue Sharing for Accountants
20:50 Setting Up Retirement Plans with WealthRabbit
21:37 Employee Engagement and Education
24:17 Managing Investments and Portfolios
27:52 WealthRabbit's Dashboard and Integrations
34:40 Customer Support and Service
37:27 Jason Graduates from Accounting High
🔗 Connect With Us On LinkedIn! 🔗
Jason Ackerman, CPA
📎 https://www.linkedin.com/in/jasonlackerman/
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, investing, wealth management, IRA, SEP, retirement planning
Episode 247
FACULTY: Principal Ron Baker
CLASS: #TheGuide
In this episode, Scott is in the office again with Accounting High Principal Ron Baker to discuss the future of accounting and the shift towards the transformation economy. Ron outlines the evolution of economic eras and how firms can position themselves to offer superior value by focusing on transformations rather than just services. They also touch on examples from various industries, and discuss the potential of subscription models.
📣 Shout Outs: Nikole MacKenzie, James Ashford, Ben Stein, Joe Pine, James Gilmore, Scaling New Heights, Betty Crocker, Duncan Hines, Bench, Angus Barn, Ruth’s Chris Steakhouse, Chuck E Cheese, Nike, Mayo Clinic, Profit First, GoProposal, Intuit, Apple, Disney
📚 Books Referenced 📚
“The Experience Economy” by Joe Pine and James Gilmore
“ Trends in the Transformation Economy” by Christophe Jacque
Chapters:
00:00 Teaser
02:54 The Evolution of Economic Eras
05:46 The Experience Economy
06:44 The Transformation Economy
09:29 Decommoditizing Services
15:27 Real-World Examples of Transformation
22:26 Fender Play: A Case Study
25:05 The Future of Professional Services
35:22 The Future of Accounting Firms
36:37 Creating Transformative Experiences
39:49 Specializing in Transformations
42:23 Challenges and Opportunities in the Profession
43:50 The Subscription Model and Transformations
49:28 The Future of Healthcare and Parallels to Accounting
01:06:33 Burnout vs. Moral Injury in the Profession
01:07:52 Conclusion and Final Thoughts
🔗 Connect With Us On Linkedin! 🔗
Ron Baker
📎 https://www.linkedin.com/in/ronbaker1/
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, Transformation Economy, Service Offerings, Future of Accounting, Economics, Experience Economy, Transformation Economy
Episode 246
FACULTY: Ed Mendlowitz, CPA
In this episode, Scotty interviews Edward Mendlowitz, a storied CPA and author, sharing his extensive experiences and insights on the accounting profession. Mendlowitz discusses the evolution of accounting practices, the importance of passion in one's career, and the necessity for CPAs to adapt to new technologies and trends. Highlighting his personal journey, he speaks on the significance of building relationships and offering valuable advice to clients. The episode also covers Mendlowitz's prolific writing career, his teaching endeavors, and his perspective on the future of the accounting industry.
📣 Shout Outs: Jason Ackerman, Ron Baker, Martin Edelston, Bill Hagerman, Gino Malmacci, CPA Academy, WithumSmith+Brown, QuickBooks, Microsoft
⬇️ Videos Referenced ⬇️
063 So Many Things to Learn (feat. Ed Mendlowitz, CPA)
(https://youtu.be/eKG2GgYYzMQ)
190 Transitioning from CEO to Chairman of the Board (feat. Ed Mendlowitz, CPA)
(https://youtu.be/UNobaMGSQaY)
198 The Timesheet Debate Ed Mendlowitz vs Ron Baker (An Epic Tale in the Saga of Time)
(https://youtu.be/BP1Yq8oa_es)
📚 Book Referenced 📚
“Memoirs of a CPA” by Edward Medlowitz
Chapters:
00:00 Teaser
00:52 Introduction
02:52 What Makes a Successful CPA
03:30 Inspiring the Next Generation
07:12 Career Transitions and Mergers
09:14 Innovative Practices and Marketing
14:43 Writing and Publishing
26:25 Mentorship and Internships
31:50 Discovering a Better Insurance Deal
32:21 Lawsuits in Accounting
32:59 The Evolution of Technology
36:17 The Future of Social Media
40:39 The Changing Landscape of Medicine
45:57 Teaching and Learning
51:58 Stamp Collecting Stories
56:16 Parting Wisdom for CPAs
🔗 Connect With Us On Linkedin! 🔗
Edward Mendlowitz, CPA
📎 https://www.linkedin.com/in/edward-mendlowitz-a6a1305/
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
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
Boscia & Boscia PC
📎 linkedin.com/company/bosciapc/
Scotty OKR Scarano
📎 linkedin.com/in/scottscarano/
Accounting High
📎 linkedin.com/company/accounting-high/
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/
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/
📎 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/
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/
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/
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
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/
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/
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