In this episode of Financial Planning for Canadian Business Owners, Jason Pereira, award-winning financial planner, university lecturer, writer, talks with Josh Zweig, CEO and Partner at LiveCA. Josh Zweig talks about the benefits of outsourcing various financial functions and work to a professional accounting firm that can do it on your behalf, supporting ongoing engagement with your clients.
Episode Highlights:
● 01:10 – Josh Zweig explains what LiveCA does.
● 01:33 – Where is LiveCA’s physical location?
● 02:56 – How does their business model enable clients with their offerings?
● 05:05 – What is the best practice for efficiency?
● 09:07 – How often does LiveCA reengineer a client’s system?
● 12:13 – What is the first thing someone should contemplate when looking to potential outsource?
● 18:05 – Set up your system to scale.
● 21:09 – How does the pay-per-use business model change the relationship with consumers?
● 25:05 – Ask customers about their personal lives to be able to advise them better for needs that they may have never thought of.
● 26:53 – What should you look for in an outsource firm?
● 30:55 – How has LIveCA been able to help businesses during COVID-19?
3 Key Points
1. LiveCA has an account’s payable team, a payroll team, a bookkeeping team, and all of those teams work with their tech teams and their client service teams.
2. Outsourcing should serve as being a fraction of a full-time person.
3. LiveCA takes into account how fast a business is growing and they lay processes that are adaptable to even when that business hires more people.
Tweetable Quotes:
● “LiveCA is Canada’s largest online CPA firm and what we do is a combination of the tax and accounting that you would expect a typical CPA to do and we combine that with a knowledge of technology and financial workflow.” – Josh Zweig
● “Scoping is basically us going, can we help you? If so, here is what help looks like and finally, here is how much it costs.” – Josh Zweig
● “I would look at the outsourcing process as two-fold. One is, how are you doing the process? And two, who is doing it?” – Josh Zweig
Resources Mentioned:
● Facebook – Jason Pereira’s Facebook
● LinkedIn – Jason Pereira’s LinkedIn
● FintechImpact.co – Website for Fintech Impact
● jasonpereira.ca – Jason Pereira Website
● Linkedin – Josh Zwaig
● liveca.ca – Website for LiveCA
● josh@liveca.ca – Josh Zwaig Email
Hosted on Acast. See acast.com/privacy for more information.