The Wrap

The final stage of the Business Owner Lifecycle is one that every entrepreneur dreams of—the Freedom Stage. In this stage, business owners reap the rewards of their hard work to either enjoy retirement or change direction to pursue a new passion or investment. The emphasis is no longer on the success of the business, but rather on the lifestyle of the now-former business owner.  In this episode, s...

Entrepreneurs pour so much passion and effort into starting, growing and maintaining their businesses. But eventually, all business owners will enter a transition stage where the business will shift to a new set of hands, either through a transaction or by training a new generation of leaders to carry on the work—both of which can be emotional and challenging experiences. So, what does a successfu...

The term “mature company” might bring up images of a stale, archaic or out-of-date business. But in reality, a business in the maturity stage of the business owner lifecycle is a successful organization with a well-known product or service, loyal customers and steady growth. So, for businesses that have grown into this season of stability, what does success really look like? In this episode of The...

After moving past the risky startup stage, a business enters the growth phase of the Business Owner Lifecycle, which presents its own opportunities and challenges. During the growth phase, entrepreneurs must shift from working in the business to working on the business, requiring a new set of skills and a keen understanding of potential risks and opportunities.   Will Aderholt, CPA, CCIFP , is a M...

Millions of new businesses are formed in the U.S. each year, but statistically speaking, only a small percentage of those businesses will succeed. How can entrepreneurs make strategic decisions regarding investments and goal setting in order to move past the startup stage?  In this episode of The Wrap, our hosts are joined by Yogesh Patel, CPA, CFE ,—a Member of the firm with over 20 years of expe...

Running a successful business requires more than just creating an initial business plan. Join us in our new series as we dive into the complete journey of a business owner, exploring every stage from startup to exit, with valuable insights on how business owners should navigate both their business and personal lives, depending on their company’s stage.  In this episode, our hosts are joined by San...

The past few years have not been easy for the retail and consumer industry with pandemic shortages and restrictions, rising inflation and a changing workforce. However, the landscape is actually starting to look up again, with profit margins creeping back to pre-pandemic levels and opportunities in technology, hiring and business strategies on the horizon.   In this episode of The Wrap, our hosts...

In this episode, join our experts as they unravel the dynamic landscape of the Private Equity industry and offer insights into the latest tax strategies.  Our host is joined by three of the firm’s Private Equity Industry experts, Floyd Holliman, CPA , David Legrand, CPA , and Adam West, CPA , to concisely explore topics that impact returns and portfolio holdings, from navigating regulatory changes...

Real estate managers and developers have many concerns heading in to 2024, from rising interest rates and banking liquidity issues to uncertainties in federal legislation regarding tax cuts and allowances. In this episode of The Wrap, Cristy Andrews , CPA, CGMA, leader of the firm’s Real Estate Practice Group, and David Borsos , Vice President of Capital Markets with the National Multifamily Housi...

Doing business with the country’s largest customer (the federal government) comes with requirements, opportunities and challenges that other organizations simply don’t have. So, what does it take to be truly successful as a government contractor?   In this episode of The Wrap, Amber Stout, CPA , Jared Sharp, CPA and Todd McAdams, CPA, CGMA, MACC join our hosts to discuss the nuances of leading org...

Construction is a booming industry across the United States with a bright future partially fueled by an increase in governmental infrastructure projects. However, the industry is also facing unique challenges due to a shrinking pool of trade labor, economic uncertainty in the private sector and continued supply chain issues post-pandemic. In this episode of The Wrap, our hosts welcome Will Aderhol...

Opportunities abound for technology companies, but in such a dynamic industry, how can business leaders navigate risk and plan for continued success?  In this episode of The Wrap, our hosts are joined by two of Warren Averett’s technology industry experts, Larry Pirkle, CPA , and Yogesh Patel, CPA, CFE , to discuss the challenges and opportunities affecting business leaders in the tech space. List...

We’re continuing our Industry Podcast Series with a dive into the current opportunities and challenges specific to financial institutions. The Current Expected Credit Loss (CECL) Accounting Standard ushered in a new era for financial institutions that they are still grappling with, but the industry’s recent focus has shifted towards discussions about liquidity after the failures of Silicon Valley...

It’s no secret that the Healthcare Industry—and specifically private medical practices—have seen tremendous change in the past few years. Like other industries, expenses are skyrocketing, and good talent is increasingly hard to find (and keep). But unlike other industries, healthcare practices have very little say in their pricing and policies. In this episode, our hosts are joined by Maddox Casey...

Today’s colleges and universities are facing an unprecedented array of challenges and threats due to declining enrollment, funding struggles and quickly evolving technology—not to mention conversations surrounding the rising student debt crisis.  How should higher education institutions react to all the internal and external pressures?  In this episode of The Wrap, Lee Parks, CPA , and Rick Blanto...

While many industries are facing post-pandemic issues with labor shortages and changing regulations, organizations in the nonprofit industry often see these issues amplified due to their tighter budgets and compliance requirements. The need for nonprofit services is higher than ever before, but pandemic funding from PPP loans, the CARES Act and ERTC credits is disappearing. So, how do nonprofits k...

Manufacturing companies face challenges that are different than any other industry. A global skills gap and worker shortage, an inability to pivot to remote work and changing regulations create a unique storm for these organizations. So, what are the solutions? Stephen Schaaf, CPA joins our hosts to discuss the successful tactics that manufacturing companies are currently implementing to rise to t...

The Inflation Reduction Act appropriated $80 billion of additional funding to the IRS, which includes funding for tax enforcement activities. For the average person, this sounds like increased potential for an IRS Audit.  So how do businesses navigate complicated tax issues and proactively prepare in case they are chosen for an audit? What are the best practices to keep an IRS audit from becoming...

Natural disasters happen. Oftentimes, they are sudden with no way to prepare.  After a disaster, business owners are not only faced with property damage but  also with business closures, damage to their employees’ properties and other aspects that make it hard for their business to stay afloat.  But what if you could put a plan in place to keep you and your business sailing smoothly?  If you don’t...

On August 16, 2022, President Biden signed The Inflation Reduction Act of 2022 into law with the goal of helping lower costs for families, combating the climate crisis and reducing the deficit to help inflation. What do business owners need to know about The Act, and how does it affect everything from tax to the environment to healthcare?  In this episode of The Wrap, Warren Averett’s own William...

Customers increasingly value (and support) businesses that share their own personal values regarding social and environmental issues. In turn, businesses that are transparent and accountable in their policies are often well rewarded. Enter: environmental, social and governance (ESG) reporting—sometimes also known as sustainability reporting.  What should businesses know about ESG reporting in orde...

No business is immune to fraud, yet few businesses are proactive to examine their own risks. The trust in long-time employees, the convenience of automated payment systems and the simplicity of internal processes can all lull businesses into a false sense of security. And a false sense of security can quickly turn into financial hurt for your business due to fraud.  So, what can businesses do prac...

In this episode of The Wrap, Jessica Juliano, CPA —a recruiter dedicated to identifying and placing talent in accounting, finance and administration fields—joins our hosts to discuss why staffing and recruiting is different today, how businesses can successfully onboard the right hires despite the competition and how to vet your head hunter so you actually get what you’re paying for. After listeni...

Even when federal tax laws change, do you know how the states your company has a presence in are responding?  Your company’s state and local tax matters can get complicated fast depending on where your business is located, where your employees are located and where your customers are located. So what should savvy companies know in 2022 about state and local taxes? In this episode of The Wrap, Coll...

Employees are leaving their jobs in droves looking for something better. For workers, opportunities are seemingly endless. For companies, filling numerous empty positions while also attempting to retain the employees they still have is a challenge, to say the least.  In this episode of The Wrap, David Salters (the leader of Warren Averett Staffing & Recruiting and talent acquisition expert) jo...