The Modern CPA Success Show

Quote “The key to keeping employees happy is to get the right people on the bus, the wrong people off the bus, and the right people in the right seats.” - Tom Barrett   The finer details of this episode  How to keep your employees happy  Using accountability charts to get everyone into “the right seat”  Processes for transitioning and onboarding employees into their roles  Making sure that everyon...

Quote “We were growing, I was wearing a lot of hats, and I started to realize our finances should be doing better.” - Greg Bear    The finer details of this episode  How Bear Group got started and their experience as a remote company  Their process of hiring a CFO  How Summit CPA has helped Bear Group to uplevel their business  New financial management tricks Greg learned during the onboarding pro...

Quote “I have the ability to play financial offense for clients, getting them the cash they need to continue to grow.” - Dan Kalis   The finer details of this episode  How to create good relationships with your bank Keeping your business in a good financial position The three C’s of lending The importance of building your business credit profile What to do when you don’t have the capital to grow y...

Quote “Scope out the wifi situation before you arrive somewhere. The worst workweeks have been when I had to use my phone hotspot to work.” - Mikala Paige    The finer details of this episode  Angie and Mikala’s stories and how they joined Summit CPA  Tips for creating a remote/travel lifestyle  Things to research before moving to a new location  How Angie worked from a van  Having a social life w...

Quote “You have four professionals under one roof, so if you can’t genuinely respect and understand everyone’s industry, you are going to have a hard time implementing family services into your office” - Michael Frost    The finer details of this episode  Why bringing in a family office may be a good compliment to what you are doing as a VCFO Where to start with moving towards a family office  The...

Quote “The time you spend on EOS tools, you are going to save that time and more in the long run.” - Tom Barrett   The finer details of this episode  How to determine if your organization needs EOS  The process of implementing EOS  Advantages of working with an EOS implementer  The six key components of EOS  Setting priorities using the EOS model    Episode resources Summit CPA website - www.summi...

Quote “We need to be committed to the boring stuff in our business because it is the backbone of how everything runs.” - Emily Morgan    The finer details of this episode  Tips for small businesses on delegating their admin tasks  Advantages of having a virtual assistant  How to start delegating some of your admin work in your business  How to get comfortable letting go of tasks in your business ...

Quote “Intentionally fostering serendipity in a distributed company will help keep isolation at bay.” - Matt Westgate   The finer details of this episode  What brought Matt to Summit CPA  Why Lullabot decided to become a distributed company  The benefits of working with a distributed team Maintaining company culture when your team is distributed The evolution of the Lullabot leadership team  How M...

Quote “Every metric tells you what button you need to push to make yourself more profitable.” - Justin Hatch   The finer details of this episode  What Reach Reporting does for its clients How Summit CPA found Reach Reporting and why it is so important to us Why visual, simple reports are such important tools for CPA firms How you can get Reach Reporting set up in your firm   Episode resources Summ...

Quote “Cash flow tools allow you to help every client with short term forecasting.” - Justin Pulgrano   The finer details of this episode  Why cash flow is a critical piece of data to collect for your business What makes Finagraph a great tool for measuring cash flow What the setup of Finagraph looks like The disadvantages of accrual statements Why you should manage cash flow using a tool instead...

Quote “The three legs of the stool are culture, tech and tools, and client backgrounds.” - Adam Hale    The finer details of this episode  How to communicate your core values with a new employee  The process for teaching new employees the tools and systems  What the schedule looks like for a new employee during their first weeks  Providing real-time feedback to new employees    Episode resources S...

Quote   “We are trying to learn about a candidate, know how they are going to fit into the culture, and know how they are going to do the job in a very small amount of time.” - Zach   The finer details of this episode  How Summit CPA has struggled in the past with hiring  The hiring assessments that Zach introduced to Summit CPA  Why Emotional Intelligence is such an important factor in a potentia...

Quote   “Don’t try to game the system with these. The government is going to be really scrutinizing the details with this.” - Jody Grunden   The finer details of this episode  Which expenses are included in loan forgiveness What you should do if your business uses contractors  How to approach documentation  What you need to know about the regulations and guidelines  The timing and process to obtai...

Quote “It’s impossible to have all these experiences yourself, so you get that from reading books.” - Adam Hale    The finer details of this episode  How The E-Myth Revisited laid the framework that Jody used to set up Summit CPA How Getting Things Done can help accountants and CFOs stay organized and on top of their work How Summit CPA uses The 4 Disciplines of Execution Tips for how you can deve...

Quote “Project management tools are built for a defined sprint of work, but there is a big gap in recurring client management tools.” - David Cristello   The finer details of this episode  David’s background and how he started JetPack Workflow Why JetPack Workflow is a valuable project management tool for CPA firms How to set up JetPack Workflow in your firm When a firm begins to migrate into JetP...

Quote “For the clients that are really hit hard, if they are completely shut down, the Employee Retention Credit might be a good move for them.” - Adam Hale    The finer details of this episode  Should you apply for the PPP or EIDL? What you can do for businesses that are shut down for the foreseeable future Your responsibility as a CPA in this crisis How we are approaching COVID-19 with our clien...

Quote “Times are different now with COVID-19, but these are conversations we need to have when the economy is doing really well.” - Adam Hale    The finer details of this episode  What conversations you want to be having with your clients during difficult times How to approach making a plan with your clients to get them back on track How to have difficult conversations with clients Why weekly meet...

Quote “Creating a dedicated space for your work is one of the most essential things you can do when working from home.” - Adam Hale    The finer details of this episode  How Summit CPA became a virtual company  Work from home tips from the Summit CPA team  Perks of working from home  Our favorite tools for working online How this can actually be a blessing in disguise for your company  How to supp...

Quote “Every good client relationship we’ve had with Summit CPA started out positive from the very beginning.” - Adam Hale    The finer details of this episode  How Summit CPA approaches the onboarding process Why we have a team designated for onboarding new clients (and why we charge extra fees) The keys to a successful onboarding process Expectations we always set with our clients Best practices...

Quote “You don’t need a silver bullet every time you meet with your client” - Jamie Nau    The finer details of this episode  How to prepare yourself and your client for your meetings  How Summit CPA has done this in the past and how we do it now  The core meetings that you need to have with your client  Conversations that are important to have in your meetings  How to decide and communicate who s...

Quote “The marketing for Summit CPA is focused on building relationships. ” - Kelly Schuknecht   The finer details of this episode  How to choose which priorities to focus on when marketing your CPA firm Why good marketing is education-based and why you shouldn’t be afraid to “give out too much information” How to determine if a marketing tactic is effective or not How to leverage the different so...

Quote “If you really want to grow your firm and scale your practice, you have to have a process.” - Adam Hale     The finer details of this episode  What it was like in the early days of Summit CPA How Summit CPA uses the 80/20 rule to embrace creativity with clients while also keeping solid systems behind the scenes Tools we use to standardize our systems What our processes look like at Summit CP...

Quote “Taxes are a natural fit with any kind of CPA services you provide.” - Adam Hale       The finer details of this episode  How the tax services fit in with the other Virtual CFO services at Summit CPA Why we don’t lead with tax services Why CPA firms should departmentalize their tax work Why taxes should be a small part of your CPA firm The tax strategy we use with our Virtual CFO clients How...

“For us, it’s about a long-term relationship. It’s about being a part of our client’s business for years to come, not just about cranking out one tax return.” - Adam Hale   The finer details of this episode   How we sell our services through education. Why you should give away as much information as possible to your client base. How to position yourself as the subject matter expert. Why finding a...

“One of our strengths as a firm is that we are not afraid to move on to the next best software.” - Jamie Nau   The finer details of this episode   The different types of software that Jake and Adam learned about at Live 360, an IT conference they attended in Orlando. The software programs that Adam and Jake want to bring to the firm to upgrade how things work on the back end. The advantages of the...