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