Episode 111 | Recorded October 6, 2022
In today’s episode, Scott talks to Dan Luthi, of Ignite Spot Accounting Services. Dan shares his story, from his younger days to how he got into accounting. He talks about how his Mormon faith has influenced his desire to help people. Dan also shares his insights on how to avoid issues in business, building good client relationships, and thriving in the industry. He discusses the firm’s hard numbers, equity, and they also talk about cloud accounting. Dan advises on how to hire and work with CFOs, build a management team, and be cognizant of diversity in the workplace. Another episode that’s sure to bring great value to all firm owners.
The intro and the radio from hell
Young Dan
Building doors
When he switched to accounting
A little about Dan and his family
Being a Mormon and helping people
Helping people and accounting
Time and hourly contributions
Dealing with issues and not pointing the finger
Having good clients
Scope seep and scope creep
Thrival
Ignite Spot Firm and Hard numbers
Equity at the firm
Commitment to the organization
App stack
Cloud accounting and tax law
Bookkeeping, CAAS, tax first, etc.
Getting out of tax
Leading with Tax and Bookkeeping differences
Shifts in the industry
CFO services
Sales
Personnel capacity
Forecasting services and tools
How to hire CFOs and margins
Paying CFOs and working with them
Management Team
The CEO role
Diversity and being cognizant
The Good, The Bad, and The Ugly Accounting Podcast
All the Shoutouts:
Ignite Spot Accounting Services, Ron Baker, Jason Ackerman, CPA, CFP®, CGMA, Jason M. Blumer, CPA, Karbon X, Judah Kosky, Ryan Lazanis, CPA, Xero, Intuit QuickBooks, BILL, Gusto, ADP, Rippling, Dext, Avalara, Ignition, Drake, Kanye, Canopy, Thomson Reuters, Envoy, Divvy, Nikole Mackenzie, Lorilyn Wilson, CPA
