Episode 56: Rachel Bitz, Accountant & Powerlifter

In this episode, Rachel Bitz shares how she has seamlessly integrated her passion for fitness with her accounting career.

Learn about her path from working in public accounting, to going to industry to leading her own practice based in Silicon Valley.

Resources mentioned:

  1. Website

  2. Accodex

  3. Rachel's LinkedIn

  4. Rachel's Instagram

  5. Tools Rachel uses: Mindbody Online, Push Press

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Episode 55: Dan Nicholson, CEO of Nth Degree CPAs

This episode features Dan Nicholson, CPA who is the CEO of Nth Degree CPAs.

Dan founded Nth Degree CPAs in 2008 with the objective of building a successful practice by helping small business owners to achieve their financial goals.

A Northwest native, Dan grew up in Renton and attended Seattle University where he graduated Summa Cum Laude with emphases in both Accounting and E-Commerce Information Systems.

Upon graduation, Dan was selected out of a pool of nominees from the nation’s top 50 accounting programs for an exclusive fellowship with the Governmental Accounting Standards Board (GASB). As a member of the GASB team, he was responsible for managing all technical inquiries and assisted what has become Statement No. 53, "Accounting and Financial Reporting for Derivative Instruments." (For those who don’t speak CPA, accountants consider setting a national standard to be a big deal).

In this episode you will learn how Dan has built a multi-million dollar firm while balancing time with family and personal development. 

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To learn more about Dan's firm, visit Nth Degree CPAs

 

This episode is brought to you by Money & Mimosas

Episode 54: Welcome to Season 4!

Happy New Year! In this episode I share a little behind the scenes of what I've been working on in my business, and what you can expect from this season on the Future of Accounting podcast.

A couple of links that I mention in the show:

  1. If you'd like to be a guest on the show, click the link to submit your application:http://www.moneyandmimosas.com/podcastapplication

  2. If you would like to contribute an article to MoneyandMimosas.com, send an email to [email protected] with 2-3 topics that you wish to cover and we will get back to you.

Thanks for tuning in and let's make 2019 your best year, yet!

Episode 53: Building a tax consulting practice with Randy Joseph

This episode features Randy Joseph of Randy Joseph Consulting. She is a CPA based in Seattle. I met her during my Future of Accounting tour sponsored by Avalara, during our visit to speak with the Accounting Financial Women’s Alliance Seattle chapter.

Randy first launched her tax practice around 1987, grew it successfully and sold it in 2011. Then, her daughter Deva, decided she wanted to start her accounting business and mom thought “hey, let’s do this together!”. So in 2014, they launched their accounting consulting practice and have successfully grown it with a niche focus on employees with stock options.

In this episode, Randy shares her career journey. How technology and marketing has changed with her second practice versus her first accounting firm, the billing adjustments she’s made in order to improve cash flow and her advice on how to build confidence when talking about your pricing and feeds. 


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Episode 52: TECH SPOTLIGHT- Arkimera Robotics with Markus Mantere

This tech spotlight episode features is Markus Mantere with Arkimera Robotics.  They are based in Sweden and have created a robot to automate the mundane tasks that financial professionals have had to endure. Some tasks that used to take 2-3 hours, will now be reduced to a mere five minutes. So awesome! could be reduced to 5 minutes.

In this episode we’ll learn about his unique career journey, why he decided to retire with chickens and then come out of retirement to enter the accounting tech world. And how Arkimera Robotics is adding to the evolution and future of accounting.

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This episode is brought to you by Money & Mimosas.

 

Episode 51: Social Accounting with Amanda Matthews, Controller at Piaggio Fast Forward

Today’s guest is Amanda Matthews. Amanda is a controller for Piaggio Fast Forward a tech company based in Boston. Amanda and I met at an accounting conference a few years ago.

Amanda is an incredibly skilled accountant, tech savvy and has created a career that allows her the flexibility to pursue outside passions.

In this episode, you’ll learn about Amanda’s career journey, a day in the life of a Controller, the systems her company uses to automate accounting processes and how she sees the future of accounting helping companies with their social responsibilities initiatives- through what she calls Social Accounting. 


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Resources mentioned:

  1. SAP- Concur

  2. Mineral Tree

  3. Netsuite

  4. Trello

  5. Avalara

This episode is brought to you by Money & Mimosas

Episode 50: Adam Nubern, CEO of NuventureCPA

Adam Nubern is the founder of Nuventure CPA, an accounting practice dedicated to helping digital nomads, travel bloggers, and location independent folks manage their finances.

He and his wife launched Nuventure CPA and Nuventure Travels four years ago after they decided to pack up, leave everything they knew to travel the world. The two of them saved up $30K to travel the world for two years. That two years turned into four, and they have visited New Zealand, Germany, Greece, Australia, Singapore, Malaysia, Jamaica…to name a very short few.

They have been featured on HGTV and are truly living the dream of loving what you do, doing what you love, and building a lifestyle business.

In this episode you will learn why Adam pursued a career in accounting and when he realized that traditional CPA work was not for him. How he prices his services, the tools he uses to run a remote practice and his marketing strategies for building a successful business where he is now turning away clients.

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This episode is brought to you by Money & Mimosas. Click here to learn about our 2019 CPA Partner Program.

Episode 49: TECH SPOTLIGHT- Suneera Madhani, CEO of FattMerchant

In this tech spotlight episode, I'm highlighting a disruptive product that helps accounting professionals provide exceptional service to their clients.

Today's episode highlights Suneera Madhani, the CEO of FattMerchant.

FattMerchant is disrupting the payments ecosystem with their simple yet robust and affordable technology. In four short years, they have processed over $2 billion in payments and work with thousands of merchants. By eliminating hidden processing fees and introducing a subscription based model for their clients, they are saving small business owners thousands of dollars. And saving accountants several hours of reconciliation nightmares.

In this episode, you learn about:

  1. Suneera's career journey from studying finances to launching her own business

  2. What makes FattMerchant so innovative and cutting-edge

  3. How FattMerchant saved one client $70,000 in credit card processing fees in one year

Resources mentioned:

  1. Suneera's Twitter, Instagram and LinkedIn

  2. FattMerchant

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This episode is brought to you by Money & Mimosas. Click here to learn about our 2019 CPA Partner Program.

Episode 48: Ingrid Edstrom, CEO of Polymath, LLC

Ingrid Edstrom is a self-proclaimed nerd and the CEO of the award winning bookkeeping firm, Polymath LLC based in Ashland, Oregon. She is the creator of AskABookkeeper.com, an online education series, a member of Profit First Professionals, and founder of the Southern Oregon Bookkeepers Association.

She has been recognized as one of the top 40 under 40 accounting professionals by CPA Practice Advisor and Most Powerful Women in Accounting.

In this episode, Edstrom shares:

  1. Why, and how, she started her practice in 2008

  2. Her marketing strategy for growing her practice

  3. Key tips on how to network as an introvert

  4. Her thoughts on value-based pricing and how her practice structures their fees

  5. How she found her niche and became a recognized expert within her niche's industry

Resources mentioned:

  1. BNI

  2. Scaling New Heights conference

  3. Ron Baker on value pricing

  4. Les McKeown on predictable success

  5. Polymath's questionnaire for onboarding a new client

  6. Ingrid Edstrom's LinkedIn

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This episode is brought to you by Money & Mimosas. Click here to learn about our 2019 CPA Partner Program.

Episode 47: Brannon Poe, founder of Poe Group Advisors

Click here to listen to the episode on iTunes or scroll down to listen through the website.

In this episode, Brannon Poe shares the key steps a CPA needs to take in order to sell their firm.

Poe is the founder of Poe Group Advisors and the author of “Accountant’s Flight Plan, Best Practices for Today’s Firms. A consultancy that facilitates the buying and selling of CPA firms. He began his career as an auditor at Ernst & Young, before launching his business in 2003. For the past 15 years, he and his team have helped CPAs successfully exit their firms.

In this conversation you will learn:

  1. Why underpricing your services may be holding you back from building a successful practice.

  2. Why taking time off to relax actually helps your bottom line

  3. How to build a practice that is sellable and how much you can expect to earn from the sale

Resources mentioned:

  1. Kolbe Assessment

  2. Poe Group Advisors blog

This episode is brought to you by Money & Mimosas. Click here to learn about our 2019 CPA Partner Program.

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Episode 46: Scott Wiley, President & CEO of the Ohio Society of CPAs

In this episode, Scott Wiley, the president and CEO of Ohio Society of CPAs, shares insights on trends his organization is seeing across their members.

In this episode, you will learn:

  1. The business practices of successful CPA firms
  2. Why firms are being faced with succession planning and skills gap challenges now more than ever
  3. How the OSCPA is helping their members meet those challenges through the strategy the developed called, "Pipeline to Finishline" 

Resources mentioned in this episode:

  1. Scott's LinkedIn
  2. Scott's Twitter
  3. Ohio Society of CPAs

This episode is brought to you by Money & Mimosas. Learn how you can join our 2019 CPA Partner Program.

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Episode 45: Hitendra R. Patil, Director of Practice Development at Accountant's World

In this week's Future of Accounting podcast episode, Hitendra Patil shares insights on how AI and Big Data are shifting the accounting profession.

Hitendra Patil is the Director of Practice Development at Accountant's World and the author of ACCOUNTANEUR: The Entrepreneurial Accountant| Insights into Today's Emerging Opportunities.

In this episode you will learn:

  1. What exactly is Big Data and AI
  2. Practical applications of Big Data and AI for accountants to better serve their clients
  3. Affordable tools that any firm can implement now to automate advanced functions

Resources mentioned:

  1. Receipt Bank
  2. MindBridge- the first AI auditor
  3. X.AI- virtual email assistant 
  4. ACCOUNTANEUR by Hitendra Patil
  5. Presentation by Hitendra Patil describing the entrepreneurial accountant
  6. Accountant's World

 

This episode is brought to you by Money & Mimosas. Click here to learn more about our CPA Partner Program.

Episode 44: Sophia Loh, Partner, Family Office Frank, Rimerman + Co

In this episode, Sophia Loh walks us through her career journey from studying accounting + finance at UC Berkeley, to exploring various roles within accounting including being CEO of her own accounting software company, before landing a Partner role at Frank, Rimerman + Co. One of the top 10 accounting firms in the San Francisco Bay Area and one of the top 100 in the nation.

If you have the goal of becoming partner, this is the episode for you! You will learn:

  1. The skillset it takes to jump from manager to partner
  2. Sophia's guidance on how to effectively manage overwhelm during the busy season
  3. Why the future of accounting means you have to be able to think big picture and how to start practicing that now

Resources mentioned in this episode:

  1. Wharton Business Radio podcast
  2. Sophia Loh's LinkedIn
  3. Frank, Rimerman + Co website

This episode is brought to you by Money & Mimosas

Episode 43: Damien Martin, National Tax Assistant Director at BKD

In this episode, Damien Martin shares his career journey to becoming National Tax Assistant Director at BKD

He began his career as a music major at UC Berkeley, before going on to finish his Masters in Taxation at Golden Gate University. Before becoming a director at BKD, he cultivated an expertise in working with high-net worth individuals on estate planning.

In this episode you will learn,

1. Why Damien chose tax as his focus in accounting

2. How he is positioning his firm as a place of value as tax filing becomes more automated

Resources mentioned:

1. Damien's LinkedIn

2. Annette Nellen

3. Damien's Twitter

4. Simply Tax podcast

5. Trusted Advisor by David Maister

This episode is brought to you by Money & Mimosas.

Episode 42: Welcome to Season 3

The Future of Accounting episode is back! In this episode, I share what I've been up to these last couple of months and insights I've learned from the hundreds of accountants I've met during the Future of Accounting podcast roadshow with Avalara.

During Season 3, I'll be covering three major themes with interview guests.

  1. The importance of updating technology within your firm
  2. Thinking outside the box in terms of how you market your firm and the services you provide to your clients
  3. The importance of developing a brand

I am so excited to introduce you to amazing guests and share the opportunities I have for your firm through the Money & Mimosas community.

This episode is brought to you by Money & Mimosas.

Episode 41: Q&A with Danetha Part Two

In this episode, Danetha answers some of your biggest questions about the future of accounting.

In April and May, we hosted two webinars sponsored by Avalara on CPA Academy. Nearly 2,500 of you signed up for them. A lot of you asked questions that Danetha didn't have time to answer on the webinar, so we created two episodes to answer your questions about the future of accounting and how to find your niche.

In this episode, the questions Danetha answered:

  1. Do you recommend a specific CRM platform to organize the companies we are targeting 
  2.  I currently work within a great niche (digital nomads) and am growing very rapidly. However, I'm having trouble hiring some help because it is specialized. Any advice here?
  3.  Danetha, the theory seems easy, however I struggle with defining a niche for me.  What are the most interesting niches you have seen people create in the accounting field? 
  4. Can we get a list of the web sites to write monthly articles you just mentioned?
  5. What did you do for this 60 year old? I have a similar problem. 

Resources mentioned in this episode:

  1. Episode 16- Jeff Maddux, founder of the Lifestyle Accountant
  2. Dubsado
  3. Zoho
  4. TravelBank- use the promo code Future50 for $50 in rewards credit when you book your next flight

This episode is brought to you by TravelBank, the app that helps you find the best flights at a lower cost than other platforms. They are giving the Future of Accounting community (YOU!), $50 in rewards credit with the next flight you purchase.

All you have to do is click here to download the app, and use Future50 in the promo code to get $50 in rewards with your next flight.

Episode 40: Q&A with Danetha Part One

In this episode, Danetha answers some of your biggest questions about the future of accounting.

In April and May, we hosted two webinars sponsored by Avalara on CPA Academy. Nearly 2,500 of you signed up for them. A lot of you asked questions that Danetha didn't have time to answer on the webinar, so we created two episodes to answer your questions about the future of accounting and how to find your niche.

In this episode, Danetha answers the following questions:

  1.  With so many advancements in IT, is there a high risk that technology will cause a decline in future employment?

  2.  What criteria do you use to establish value pricing?

  3.  Any recommendation for industry information in the exercise clothing industry?

  4. How should I go about setting my fees , value based pricing

  5. What is a good tool for communicating with remote employees? 

  6. Do you still recommending using time billing software to track time as a tool even if value billing? 

  7. How do you find and retain clients?

  8. What app would you recommend for expenses? 

  9. Can you recommend tools for finanical statement presentations for the board?

  10. Are recent accounting graduates getting an education in consulting?

  11. Do you have advise for posting on your websites. I need to start to get traffic on my site but I do not usually use facebook etc.  Is there a simple way I can get started?

  12. How can I know which apps like SLACK vs CamScan are secure for confidential information.

  13. Do you advise value based billing for Tax work?

Resources mentioned in this episode:

  1. Canva
  2. Time-tracking article
  3. Slack
  4. Sumo
  5. Reviews of Practice Management Tools by CPA Practice Advisor
  6. The Future of Work by BBC
  7. Ashley Kaltwasser
  8. TravelBank- use the promo code Future50 for $50 in rewards credit when you book your next flight

This episode is brought to you by TravelBank, the app that helps you find the best flights at a lower cost than other platforms. They are giving the Future of Accounting community (YOU!), $50 in rewards credit with the next flight you purchase.

All you have to do is click here to download the app, and use Future50 in the promo code to get $50 in rewards with your next flight.

Episode 39: Transforming your tax process with Barbara Torzewski

In this episode, Barbara Torzewski gives us insight into how her firm, BDO, is using bots to transform their client's tax processes.

After completing her Masters in Taxation, Torzewski's career journey has included roles as a Cost and Budget analyst, International Tax Analyst, and Corporate Tax Manager.

Her current role is as the National Tax Transformation Leader, a manager role, at BDO.

In this episode you will learn:

  1. How Torzewski landed her role as an International Tax Analyst without prior tax knowledge 
  2. Real-life examples of how automation and bots are changing the roles of tax accountants to become more like consultants
  3. Why collaboration and data analytics are equally important skills for accountants to develop

Resources mentioned in this episode:

  1. Barbara Torzewski's LinkedIn
  2. BDO- Tax Transformation Services
  3. TravelBank- use the promo code Future50 for $50 in rewards credit when you book your next flight

This episode is brought to you by TravelBank, the app that helps you find the best flights at a lower cost than other platforms. They are giving the Future of Accounting community (YOU!), $50 in rewards credit with the next flight you purchase.

All you have to do is click here to download the app, and use Future50 in the promo code to get $50 in rewards with your next flight.

Episode 38: A day in the life of a Big 4 accountant using machine learning with Darryl Ucheya

In this episode, Darryl Ucheya gives an insider look into how he and KPMG are incorporating machine learning and AI into their tax services.

Ucheya completed his undergraduate in accounting in 2015, then went on to get his Masters in Taxation before landing a role with KPMG as a tax associate.

Originally from Nigeria, Ucheya learned early on of the importance of nurturing relationships in order to land internships, jobs and other career opportunities.

In this episode you will learn:

  1. How Ucheya landed his first internship, even without having the best grades from his class
  2. The role machine learning plays in his day to day job
  3. Why project management is one of the top skills that accountants from tax to audit to consulting need to learn

Resources mentioned in this episode:

  1. Darryl Ucheya's LinkedIn
  2. Shrewd CPA
  3. Beta Alpha Psi
  4. TravelBank- use the promo code Future50 for $50 in rewards credit when you book your next flight

This episode is brought to you by TravelBank, the app that helps you find the best flights at a lower cost than other platforms. They are giving the Future of Accounting community (YOU!), $50 in rewards credit with the next flight you purchase.

All you have to do is click here to download the app, and use Future50 in the promo code to get $50 in rewards with your next flight.