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Jeremy Wells, EA, CPA

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Tax in Action: Practical Strategies for Tax Pros
Tax in Action: Practical Strategies for Tax ProsSection 121: The $500k Exclusion ExplainedJeremy breaks down the complex rules surrounding Section 121's capital gains exclusion for home sales, using the Weber v. Commissioner tax court case to illustrate how taxpayers can lose out on excluding up to $500,000 in gains. The episode covers the critical two-out-of-five year ownership and use tests, explains how rental conversions can disqualify you from the exclusion, and details the partial exclusion exceptions for employment changes, health issues, and unforeseen circumstances. Understanding these nuances is essential since home sales often represent the largest financial transactions in taxpayers' lives.SponsorsSafeSend - taxshow.promo/safesend
2025-08-2058 minTax in Action: Practical Strategies for Tax Pros
Tax in Action: Practical Strategies for Tax ProsRepair vs. Improvement: When Can You Deduct It?A rental property owner faces a $27,000 repair bill after a plumbing leak forces a complete bathroom renovation, water heater replacement, and structural repairs. Jeremy breaks down Treasury Decision 9636's framework for distinguishing between deductible repairs and capitalized improvements, using the three-part test of betterment, restoration, and adaptation. He also explains three valuable safe harbors including the de minimis election and routine maintenance provisions that can help property owners expense more costs immediately rather than depreciating them over time.SponsorsSafeSend - taxshow.promo/safesend(00:00) - Introduction to Repairs vs. Improvements (00:44) - Understanding the...
2025-08-0655 minMy Enrolled Agent Career
My Enrolled Agent CareerShould I Get the EA license AND CPA License? with Jeremy Wells, EA, CPAEpisode 12: In this episode, Timalyn welcomes Jeremy Wells, EA, CPA, to the podcast.Jeremy is a Poli Sci professor turned Enrolled Agent then Certified Public Accountant. Why would anyone put themselves through getting both the Enrolled Agent and CPA credentials? Jeremy shares his "why" in this episode.Jeremy also serves as the chair of the National Association of Enrolled Agents (NAEA) social media committee and is an active member in his state with the Florida Society of Enrolled Agents. During this conversation, Jeremy shares:His...
2025-07-281h 04Tax in Action: Practical Strategies for Tax Pros
Tax in Action: Practical Strategies for Tax ProsThe Knowledge Economy Tax Trap: When Education Costs Aren't DeductibleJeremy breaks down the complex world of work-related education tax benefits, revealing why most educational expenses aren't as deductible as business owners think. He explains the stark difference between limited educational assistance programs that cap benefits at $5,250 annually and business expense deductions that often get rejected by the IRS for qualifying taxpayers for "new trades or businesses." Through real tax court cases involving everyone from IRS agents trying to deduct law school to nurses upgrading their licenses, this episode exposes the narrow window where education costs actually qualify as legitimate business deductions.SponsorsSafeSend...
2025-07-2356 minTax in Action: Practical Strategies for Tax Pros
Tax in Action: Practical Strategies for Tax ProsThe Refund Statute of Limitations: When Time Runs OutUnderstanding the refund statute of limitations can mean the difference between claiming a refund and losing that money forever. This episode breaks down the complex rules around when taxpayers can file refund claims and how much they can recover, using the recent Hamilton v. US case as a cautionary tale. Whether you're dealing with late-filed returns, amended returns, or clients who've fallen behind on their taxes, these statute of limitations rules will determine what's possible and what's permanently lost.SponsorsSafeSend - taxshow.promo/safesend(00:00) - Welcome to Tax in Action (01:50) - Understanding...
2025-07-0955 minTax in Action: Practical Strategies for Tax Pros
Tax in Action: Practical Strategies for Tax ProsJoint vs Separate: Marriage Filing FundamentalsMost tax professionals assume joint filing is the default for married couples, but the tax code actually says the opposite. Jeremy Wells explores the surprising reality that married filing separately is technically the default status, requiring both spouses to elect joint filing under IRC Section 6013. He breaks down the key disadvantages of separate returns—from reduced credits to income limitations—while explaining legitimate scenarios where paying extra tax through separate filing can lead to better overall financial outcomes, particularly with student loan repayment strategies.SponsorsSafeSend - taxshow.promo/safesend(00:00) - Welcome to Tax...
2025-06-251h 02Tax in Action: Practical Strategies for Tax Pros
Tax in Action: Practical Strategies for Tax ProsThe 1031 Exchange BasicsJeremy Wells breaks down the fundamentals of Section 1031 exchanges, explaining how real estate investors can defer capital gains taxes by swapping properties rather than selling and buying separately. He clarifies common misconceptions about these transactions, walks through the strict timing requirements including the 45-day identification and 180-day completion rules, and examines court cases that reveal when the IRS challenges whether replacement properties were truly intended for investment purposes. The discussion covers qualifying property types, disqualified persons, and the practical mechanics of using qualified intermediaries to facilitate these tax-advantaged exchanges.SponsorsSafeSend - taxshow.promo...
2025-06-1157 minTax in Action: Practical Strategies for Tax Pros
Tax in Action: Practical Strategies for Tax ProsS-Corporation Reality CheckJeremy dives deep into the critical red flags that should make tax professionals pump the brakes on S-corporation elections. From balance sheet debt ratios that could trigger unexpected taxable events to operating agreement provisions that can inadvertently terminate S-elections, this episode challenges the "default to S-corp" mentality that's become prevalent in tax advisory circles. Jeremy breaks down the specific scenarios where partnerships or sole proprietorships actually serve business owners better than the often-hyped S-corporation structure.SponsorsSafeSend - taxshow.promo/safesendConnect with Jeremyhttps://www.linkedin.com/in/jwellstax...
2025-05-2856 minTax in Action: Practical Strategies for Tax Pros
Tax in Action: Practical Strategies for Tax ProsCracking the R&D Tax Credit Code: Section 41 ExplainedThe R&D tax credit offers significant tax-saving potential, yet remains misunderstood by many small business owners and their advisors. Jeremy breaks down the key components of the Section 41 credit, explaining qualified research activities, eligible expenses, and calculation methods. Small service-based businesses might qualify more often than they realize, especially when research activities relate to technological innovation, computer science, or engineering processes.SponsorsSafeSend - taxshow.promo/safesend(00:00) - Introduction to the R&D Credit (03:00) - Components of the R&D Credit (06:00) - Defining Qualified Research (13:00) - Business Components and the Shrinking...
2025-05-211h 03Tax in Action: Practical Strategies for Tax Pros
Tax in Action: Practical Strategies for Tax ProsClean Energy Tax Credits: What Qualifies and What Doesn'tSolar installations create valuable tax benefits, but determining eligible expenses requires careful analysis. Jeremy Wells breaks down the Residential Clean Energy Credit under IRC Section 25D, explaining which costs qualify, how to handle roof modifications, and when the credit can be claimed. The episode provides essential guidance for tax professionals encountering clean energy improvements on client properties.SponsorsSafeSend - taxshow.promo/safesend(00:00) - Welcome to Tax in Action (00:24) - Client's Solar Panel Installation Scenario (01:54) - Understanding the Solar Tax Credit (05:22) - Qualifying Properties and Expenses (12:43) - Business Use and Allocation at...
2025-05-1452 minAccounting High
Accounting High244 Smells Like Enrolled Agents (feat. Matthew Cordes, EA, Adam Markowitz, EA, & Scott Scarano, EA)Episode 244 FACULTY: Matthew Cordes, EA and Adam Markowitz, EA CLASS: #AccountingHigh In this episode of Accounting High, Scott Scarano, EA invites the EA team for a discussion about the importance and impact of Enrolled Agents (EAs) in the tax and accounting world. Joined by EAs Adam Markowitz and Matthew Cordes, the conversation dives into their journeys, experiences, and the misconceptions surrounding EAs. The episode also features the premiere of a new OKR track “Smells Like EA’s”. 📣 Shout Outs: Sabrina Parris, Nancy McClellan, Jason Staats, Andrea McDonald, Jeremy Wells, Steadfast Bookkeeping, Luminary...
2025-01-2249 minGrowing Your Firm | Strategies for Accountants, CPA\'s, Bookkeepers , and Tax Professionals
Growing Your Firm | Strategies for Accountants, CPA's, Bookkeepers , and Tax ProfessionalsScaling Down Post Covid and Designing the Ideal Lifestyle, w/Jeremy WellsIn this episode of Growing Your Firm, host David Cristello welcomes Jeremy Wells, EA and CPA, owner of JWellsCFO and Chief Operating Officer Steadfast Bookkeeping.  Jeremy Wells is a distinguished entrepreneur and financial expert, recognized for his innovative approach to accounting and business strategy. He has dedicated his career to empowering small businesses and solopreneurs through comprehensive tax planning and strategic business advisory services. Jeremy specializes in tax planning and business strategy for small businesses and has been active in the field since 2018.  Before his accounting career, he spent a decade as a co...
2024-10-2523 minThe Unique CPA
The Unique CPACarving Your Own Path: From Academia to TaxOn Episode 146 of The Unique CPA, Randy Crabtree is joined by Jeremy Wells, founder of JWellsCFO, to discuss Jeremy’s transition from grad school and earning a PhD, into a teaching career in academia, then changing careers mid-stream, resulting in him earning and maintaining both his EA and CPA. Jeremy’s and his transition from teaching to tax advising was multi-faceted, and buffeted by a mentor who helped “show him the ropes” as he made his way, while also giving him insights into the kind of firm he wanted to run. Jeremy highlights the challenges and rewards of self-employment and the...
2024-03-0539 minThe CPA Advisory Show
The CPA Advisory ShowAcquiring & Integrating a Firm with Andrea MacDonaldDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-09-281h 07The CPA Advisory Show
The CPA Advisory ShowPositioning and M&A for Service Firms with Jonathan BakerDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-09-2057 minThe CPA Advisory Show
The CPA Advisory ShowLooking Ahead with Lorilyn WilsonDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-09-131h 02The CPA Advisory Show
The CPA Advisory ShowUnleashing the Power of Asking the Right Questions with Dominique MolinaDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-09-0658 minThe CPA Advisory Show
The CPA Advisory ShowSimultaneously Building a Modern Firm & Advisory Software with Luke TemplinDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-08-3058 minThe CPA Advisory Show
The CPA Advisory ShowDown the Data Security Rabbit Hole with Brad MessnerDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-08-231h 02The CPA Advisory Show
The CPA Advisory ShowKey Topics in Tax Resolution with Robert NordlanderDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-08-161h 03The CPA Advisory Show
The CPA Advisory ShowFrom Zero to an Intentional Growth Strategy with Keila Hill-TrawickJeremy and Chris welcome special guest Keila Hill-Trawick (⁠@littlefishcpa on Twitter). Keila is the Founder + CEO of Little Fish Accounting, a boutique CPA firm⁠. The key takeaways from the episode (courtesy of ChatGPT) are: The challenges faced by traditional accounting firms in expanding capacity and bringing on more clients. Keila's background and motivation for starting her own accounting firm without preconceived notions of how an accounting firm should operate. Keila's approach to learning the technicalities and best practices of accounting while building a different kind of accounting firm. Follow the show on Twitter ⁠⁠@CPAAdvisoryShow⁠⁠ Jeremy Wells on Twitte...
2023-08-021h 01It\'s Not About The Money
It's Not About The MoneyFinding a niche in HVAC, with Jeremy WellsJeremy Wells, EA, CPA is the owner of JWellsCFO and recently launched a new business called The HVAC CPA focused on the particular needs of HVAC business owners. In this episode, Jeremy talks about his journey into accounting, how he selected this niche, and how he becomes the trusted advisor his clients need. Jeremy Wells, EA, CPA: https://twitter.com/JWellsCFO https://www.jwellscfo.com/ https://thehvaccpa.com/ https://podcasters.spotify.com/pod/show/cpaadvisoryshow (01:11) - Jeremy's path into accounting (09:33) - Deciding to become a CPA as well as an Enrolled Agent (19:22) - Doing things...
2023-07-2757 minThe Concierge CPA
The Concierge CPA27 - Exploring The New Horizons of AI in Accounting with Scott Scarano, Randy Johnston, Kelly Mann, Jeremy Wells, and Jessica SmithI'm back with an expert-packed panel to explore the intersection of technology and the accounting industry. In this episode, the panel discusses various topics centering on AI and the emergence of ChatGPT.We dive into the importance of gender-neutral pronouns in the tech space to foster inclusivity and diversity in accounting. We evaluate the accuracy of ChatGPT and highlight its strengths and limitations for accounting tasks. If you're looking for practical strategies to help you utilize this emerging technology in your accounting practice, look no further!The panel speculates on the future of the accounting...
2023-07-2756 minThe CPA Advisory Show
The CPA Advisory ShowStarting & Marketing a Tax Advisory Firm with Grant DoughertyJeremy and Chris welcome special guest Grant Dougherty (⁠@DouTaxSolutions⁠ on Twitter). Grant is the founder of Dougherty Tax Solutions, a boutique tax advisory firm⁠. The key takeaways from the episode (courtesy of ChatGPT) are: Grant explained the challenges he faced in meeting the accounting hours requirements and the decision not to pursue additional college courses for eligibility for the CPA. Grant delves into the role of a corporate tax accountant and the coordination involved in preparing corporate tax returns. He highlights the importance of understanding the nuances of tax laws and the need for coordination with professionals, such as thos...
2023-07-2659 minThe CPA Advisory Show
The CPA Advisory ShowThe Client Can Tell If You Think Their Idea is Stupid with Natalie KolodijDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-07-1954 minThe CPA Advisory Show
The CPA Advisory ShowProductized Business Exit Advisory with Aaron DavisDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-07-131h 07The CPA Advisory Show
The CPA Advisory ShowDeveloping a Top Notch Corporate Culture with Randy CrabtreeJeremy and Chris welcome special guest Randy Crabtree (@RCrabtreeCPA on Twitter). Randy is the host of The Unique CPA podcast and Co-Founder of Tri-Merit. The key takeaways from the episode (courtesy of ChatGPT) are: The importance of finding a niche in your firm. Randy's journey into podcasting and the role it plays in his firm. Definition and importance of advisory services in the accounting field. Benefits of offering advisory services for tax firms and clients. Comparison between Tri-Merit and traditional CPA firms, highlighting their unique approach to staffing and business development. Follow the show o...
2023-07-0556 minThe CPA Advisory Show
The CPA Advisory ShowTaking Your Learning Culture From 0 to 1 with Jennifer SmithJeremy and Chris welcome special guest Jennifer Smith (@ScribeCEO on Twitter). Tailor is the founder at Scribe, a software that automates and democratizes process documentation. The key takeaways from the episode (courtesy of ChatGPT) are: Introduction to Scribe and its relevance to accountants The importance of process orientation and efficiency for accountants and their businesses The benefits of standardized processes in onboarding new team members and handling client work The relationship between innovation, process improvement, and better client service in accounting firms The importance of customizing documentation to meet the specific needs of clients Fo...
2023-06-281h 00The CPA Advisory Show
The CPA Advisory ShowHow to Make Yourself Really Lucky with Jason "The Human API" StaatsJeremy and Chris welcome special guest Jason "The Human API" Staats (@JStaatsCPA on Twitter, and yes we are working hard to get that nickname to stick). Jason is the name, face, voice and genius behind Jason Daily, a daily YouTube show which talks about how to move the profession forward, with a focus on tech and AI. The key takeaways from the episode (courtesy of ChatGPT) are: The conversation starts with a discussion about the purpose of the show and the desire to have more authentic conversations about accounting from a non-corporate perspective. The topic shifts to the ch...
2023-06-211h 11The CPA Advisory Show
The CPA Advisory ShowStarting and Running an Accounting Firm: Tips and Strategies from Tailor Hartman Jeremy and Chris welcome special guest Tailor Hartman (@TailorCPA on Twitter). Tailor is the founder at Celerity, which focuses on bookkeeping and custom reporting. The key takeaways from the episode (courtesy of ChatGPT) are: Tailor's accounting experience, his virtual accounting firm, and the services he provides to small and medium-sized businesses. Practical tips for CPAs looking to start their own advisory firm, including the types of clients to target and how to effectively market services. Strategies for streamlining accounting and bookkeeping work, including the use of AI technology, transcription services and outsourcing. Pricing strategies and factors to consider wh...
2023-06-181h 01The CPA Advisory Show
The CPA Advisory ShowIterating Through The Hiring Process with Nicole DavisJeremy and Chris welcome special guest Nicole Davis (@wifemomcpa100 on Twitter). Nicole is the Chief Hello Officer at  Butler-Davis Tax & Accounting, LLC, which focuses on CAS and tax. We apologize in advance that we didn't cover Nicole's undying love for Buc-ee's in more detail. Nevertheless, the key takeaways from the episode (courtesy of ChatGPT) are: Nicole's experience working in corporate accounting and how it translated into small business accounting. The decision to start her own firm and the challenges she faced during the process. The importance of continuous learning and networking in the accounting industry. Nicole's approach to hi...
2023-06-071h 08The CPA Advisory Show
The CPA Advisory ShowDeveloping & Implementing Tech in an Advisory Firm with Devin O'BrienCelebrating ONE YEAR! Our 52nd weekly episode... Jeremy and Chris welcome special guest Devin O'Brien (@devin_j_obrien on Twitter). Devin is the founder at Kordis, which is a virtual CFO firm that also develops custom software. The key takeaways from the episode are: The challenges of developing accounting software, particularly using developers without a technical accounting background. The importance of bookkeeping quality and the chart of accounts for effective accounting. The need for software developers to understand accounting in order to create software that is easy for business owners to use. The...
2023-05-3159 minThe CPA Advisory Show
The CPA Advisory ShowThe Silver Bullet in Advisory Conversations with Adam HaleJeremy and Chris welcome one of the Godfathers of CAS, special guest Adam Hale. Adam is a co-founder at Summit CPA, now part of Anders CPAs. The key takeaways from the episode are: The importance of being intentional and curious when asking questions to clients and understanding their businesses. The benefits of implementing a productized service offering in public accounting and using cloud accounting tools to deliver it. The value of synthesizing information from various sources to improve business performance and maintain client relationships. The challenges associated with muddling through and figuring out the accounting business on one's...
2023-05-241h 02The CPA Advisory Show
The CPA Advisory ShowPractical Advisory Conversations From a Business Owner's Perspective with "Cash Flow Mike" MilanDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-05-171h 04The CPA Advisory Show
The CPA Advisory ShowDe-Stressing in a Stressful Profession with Vic BavaDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-05-1056 minThe CPA Advisory Show
The CPA Advisory ShowTransforming Customers and The Accounting Profession with Donny ShimamotoDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-05-0459 minThe CPA Advisory Show
The CPA Advisory ShowThe Intersection of Financial Advisory and CPA Advisory with Thomas KopelmanDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-05-031h 08The CPA Advisory Show
The CPA Advisory ShowTax Season After Action ReviewDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-04-191h 00The CPA Advisory Show
The CPA Advisory ShowBuilding & Scaling a Fractional CFO Service with Andrew CarrollDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-04-1255 minThe CPA Advisory Show
The CPA Advisory ShowWhat Effective Financial Leadership Looks Like In A Crisis with Mike Moise This podcast episode features special guest Mike Moise (@mavidormike on Twitter). We discussed various topics related to running an accounting firm, including the importance of being a wartime advisor or CFO, focusing on clients that add value to the firm, and the challenges of forecasting cash flow. The conversation emphasized the need for proper bookkeeping and tracking to be able to answer questions from board members and stakeholders. We also discussed the increasing demand for fractional CFO advisory work and the importance of being able to influence the finance function at customer companies. Be sure to check out what M...
2023-04-0556 minThe CPA Advisory Show
The CPA Advisory ShowThe CPA, AICPA & the Value of an Awesome Community with Sandy JohnsThis podcast episode features special guest Sandy Johns (@SandyRevolution on Twitter) about various topics related to accounting and advising. The conversation covers topics such as the value of advising customers, the benefits of forming small groups to discuss issues, and the importance of staying up-to-date with industry news and trends. The Jeremy, Chris and Sandy also share personal anecdotes and insights throughout the episode. The main topics of the episode are: Our advisory roles and how we do (or not) market our services based on it. The benefits of being part of a small firm group and how...
2023-03-291h 12The CPA Advisory Show
The CPA Advisory ShowEver heard an accountant rap before? Featuring special guest Scott ScaranoJeremy and Chris are going back to high school with special guest, the Scott Scarano (⁠⁠@scottscarano on Twitter). Scott is the janitor at Accounting High (also https://www.accountinghigh.com/). He's also the only accountant we know that raps. Stay tuned until the end of the episode for the world premiere of Scott's new rap song! The key takeaways from the episode are: Why and how accountants that think outside the box will thrive The rise of the gig economy and how it will impact the profession How does Scott define CAS? Soft skills for accountants? Really? How focu...
2023-03-221h 08The CPA Advisory Show
The CPA Advisory ShowCan you provide advisory services without controlling the quality of the numbers?Description coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-03-1557 minThe CPA Advisory Show
The CPA Advisory ShowHow Kelly Ward Goes Above and Beyond for Her Clients in AlaskaIn this episode of the CPA Advisory Show, Chris Hervochon, CPA, CVA and Jeremy Wells, CPA, EA are joined by special guest Kelly Ward (@kellywardcpa on Twitter) to discuss the current trends in cloud accounting. They discuss how to package and price services, the challenges of remote staffing, and how to find support in the profession. They also provide a shameless plug for their earlier episode, "Feeling Lost In Running Your Firm? Here's How to Get Help." Tune in to hear more about the ever-changing accounting landscape. The top takeaways from the episode are: How the...
2023-03-081h 04The CPA Advisory Show
The CPA Advisory ShowAre You a Fractional CFO or Consultative Advisor? A deep dive with Mark Gandy.Description coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-03-011h 02The CPA Advisory Show
The CPA Advisory ShowWhat can an effective sales process look like in a modern accounting firm?Description coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-02-2258 minThe CPA Advisory Show
The CPA Advisory ShowHow to Exponentially Grow a Tax Advisory Firm with Ryan BakkeDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-02-1654 minThe CPA Advisory Show
The CPA Advisory ShowStarting & Merging a Xero-based Bookkeeping Firm with Trinity ScottDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-02-0854 minThe CPA Advisory Show
The CPA Advisory ShowThe State of The Accounting Profession with Blake OliverDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-02-011h 01The CPA Advisory Show
The CPA Advisory ShowCan a Chief Operating Officer help you grow your firm with Tom MillerDescription coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-01-2556 minThe CPA Advisory Show
The CPA Advisory ShowWhen should you stop working from home and get an office?Description coming soon! --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2023-01-181h 02Accounting High
Accounting High092 Accounting High Debates: CPA vs EA "The Battle of the Brands"Episode 92 | Recorded October 28, 2022 This episode highlights the differences between the EA brand and the CPA brand. Never heard of an EA? Hop in and listen to our teams discuss what their designations really do for them, and what it means to be a CPA and an EA. The debate lineup: Moderator: Jeremy Wells, PhD, CPA, EA Team EA: LuSundra Everett, EA, NTPIF Adam Markowitz, EA Team CPA: Brian Streig, CPA Terrell A Turner, CPA Emcee/Custodian:
2023-01-1256 minThe CPA Advisory Show
The CPA Advisory ShowHow to Automate Advisory Services with ChatGPT, GPT-3 and MakeIn this episode of the podcast, Jeremy and Chris dive into the ChatGPT craze based on this video that Chris posted on Twitter/YouTube. The key takeaways from the episode are: What is ChatGPT and what isn’t it? What are some ideas to embed GPT-3 and Chat GPT into advisory services? What is the difference between GPT-3 and ChatGPT? What are some of the risks with using ChatGPT and GPT-3 in your firm? What questions would ChatGPT ask an accountant about ChatGPT? Follow the show on Twitter @CPAAdvisoryShow Jeremy Wells on Twitter @JWellsCFO ...
2023-01-111h 13Keep What You Earn
Keep What You EarnWhat is a 1099-K?If you accept credit cards in your business, you'll likely be receiving a 1099-K. These are 1099s from your payment processors like Stripe, PayPal, Venmo, etc.   There are some nuances to pay attention to here. The number on the 1099 they send will likely be the gross amount you sold through their service. But you get charged a processing fee right? What you need to do is report the full amount on the 1099-K and then deduct the processing fee as an expense.   Note: This episode was recorded prior to an announcement by...
2023-01-1112 minKeep What You Earn
Keep What You EarnI Received a 1099 - Now What?As a service-based business owner, you're likely sending and receiving 1099's each year. In the last episode we covered when to send them and today, we'll be discussing what to do when you receive one.   When you receive a 1099, it shouldn't be telling you anything you don't already know. If it is showing income that you haven't tracked elsewhere, now is your chance to figure it out because the IRS will be checking to make sure you've reported the correct income.   I'll also be sharing what to do if you mistakenly re...
2023-01-1011 minKeep What You Earn
Keep What You EarnDo I Need to Send a 1099?Questions about 1099s? We're doing a deep dive this week! We're kicking it off by answering the basics. Who needs to send a 1099? Who needs to receive a 1099?   We'll be focusing on the 1099-NEC, used for non-employee compensation. There's a three-step process we can use to determine if we need to send a 1099-NEC to a contractor or service paid for through your business.   First, did you pay them more than $600 cumulatively over the course of the year? If not, you don't need to send a 1099. If you did pay them mo...
2023-01-0910 minThe CPA Advisory Show
The CPA Advisory ShowUnpacking The Subscription Business Model For Firms with Ron BakerJeremy and Chris are kicking off 2023 with a bang with special guest, the legendary Ron Baker (@RonaldBaker on Twitter). Ron is the co-host of The Soul of Enterprise podcast, along with friend-of-the-show Ed Kless, Ron is also the author of 7 best selling books, soon to be 8 with Time's Up, and a true thought-leader in the profession. The key takeaways from the episode are: The difference between a subscription model and a recurring fixed fee model "Plusing" your services and selling the promise of enhanced future value KPIs for the subscription model The P&L for this model gets...
2023-01-041h 05Keep What You Earn
Keep What You EarnLive Q&A: Will Anyone Actually Buy My Offer?One of my favorite parts of having this show and connecting with all of you is getting to answer your questions. Today we're talking about the common question: Will anyone actually buy my offer? Am I actually ready to make this investment and bet on myself? If this is where you find yourself, tune in for ideas for your business and how you can make it work.   We're talking about the ways that you can test and prove a potential business idea. There are ways you can test-drive your new ideas to see if they w...
2023-01-0233 minKeep What You Earn
Keep What You EarnLive Q&A: Will Anyone Actually Buy My Offer?One of my favorite parts of having this show and connecting with all of you is getting to answer your questions. Today we're talking about the common question: Will anyone actually buy my offer? Am I actually ready to make this investment and bet on myself? If this is where you find yourself, tune in for ideas for your business and how you can make it work.   We're talking about the ways that you can test and prove a potential business idea. There are ways you can test-drive your new ideas to see if they w...
2023-01-0233 minThe CPA Advisory Show
The CPA Advisory Show2022 Year-End Wrap-UpIn this episode of the podcast, Jeremy and Chris reflect on 2022 and what it has been like starting a podcast. The key takeaways from the episode are: What we learned starting a podcast in 2022 Our favorite episodes that we recorded this year and some key takeaways Where we are taking the podcast in 2023 Follow the show on Twitter @CPAAdvisoryShow Jeremy Wells on Twitter @JWellsCFO Chris Hervochon on Twitter @ChrisHervochon --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2022-12-2854 minKeep What You Earn
Keep What You EarnHow to Deduct Medical Costs and Self-Employed Health InsuranceToday we're going through how to deduct medical expenses and self-employed health insurance as an entrepreneur or business owner. I know this is a burning question for so many, especially if you've left a full-time job and now find yourself navigating insurance on your own. We're going to cover the difference between medical expenses and insurance expenses, when you can deduct medical expenses, and how to deduct health insurance costs for Sole Proprietors, Single-Member LLCs, S Corps, and C Corps.   How to add and manage gusto benefits: https://support.gusto.com/article/100758511100000/Add-and-manage-benefit-deductions T...
2022-12-2811 minThe CPA Advisory Show
The CPA Advisory ShowWhy Accounting Firms Are Great Investments & How to Acquire One with Patrick DichterIn this episode of the podcast, Jeremy and Chris speak with special guest Patrick Dichter (@PatrickDichter on Twitter). Patrick is not an accountant by trade, but saw an opportunity to acquire and operate accounting firms. The key takeaways from the episode are: Why accounting firms are a good investment - an outside perspective Key considerations when acquiring a firm The three components of change management What makes a firm an attractive acquisition, especially for a non-CPA Key considerations when combining firms Follow the show on Twitter @CPAAdvisoryShow Jeremy Wells on Twitter @JWellsCFO Chris...
2022-12-2149 minKeep What You Earn
Keep What You EarnHow to Handle Suspicious Tax ProsI always say it's important to maintain your financial power when it comes to your business, your taxes, or anything in that realm. If you let your tax advisor take the wheel and start driving, you have no control over where you're going or how you get there.   Your tax professional should be trying to find you every tax deduction you're legally allowed to take but you can't take unjustified shortcuts and legal loopholes to get there. When you take an aggressive approach to your tax filing you have to make sure you understand the r...
2022-12-2114 minThe CPA Advisory Show
The CPA Advisory ShowFeeling Lost In Running Your Firm? Here's How to Get Help.Running a firm can be lonely. And stressful. In this episode of the podcast, Jeremy and Chris discuss what type of help you might need and where to get it. The key takeaways from the episode are: The 7 focus areas in your firm where you are likely to need help. Resources to get help on these focus areas Follow the show on Twitter @CPAAdvisoryShow Jeremy Wells on Twitter @JWellsCFO Chris Hervochon on Twitter @ChrisHervochon --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2022-12-151h 03Keep What You Earn
Keep What You EarnLive Q&A: Deducting Startup Costs in a New BusinessA lot of people are starting businesses right now! You may be starting a business, incurring all of the startup costs, but you aren't making money yet. The big question is: can you deduct those startup costs even if you won't be making money until the next calendar year?   The good news is, there's a whole section of the tax code related to startup costs. You can deduct up to $5,000 in startup costs AND up to $5,000 in organizational costs! You have to wait until your business starts making money but you get to save these c...
2022-12-1316 minKeep What You Earn
Keep What You EarnLive Q&A: Deducting Startup Costs in a New BusinessA lot of people are starting businesses right now! You may be starting a business, incurring all of the startup costs, but you aren't making money yet. The big question is: can you deduct those startup costs even if you won't be making money until the next calendar year?   The good news is, there's a whole section of the tax code related to startup costs. You can deduct up to $5,000 in startup costs AND up to $5,000 in organizational costs! You have to wait until your business starts making money but you get to save these c...
2022-12-1316 minThe CPA Advisory Show
The CPA Advisory ShowNot Sure Which KPIs to Track In Your Firm? We Have 10 Ideas.In this episode of the podcast, Jeremy and Chris each discuss the KPIs they keep track of in their firms. The key takeaways from the episode are: The top 5 KPIs that both Jeremy and Chris (10 total) keep track of What KPIs are used for What makes a good KPI The data sources in their firms that allow them to measure their KPIs The benefits of tracking quantitative and qualitative KPIs Follow the show on Twitter @CPAAdvisoryShow Jeremy Wells on Twitter @JWellsCFO Chris Hervochon on Twitter @ChrisHervochon --- Send in a voice message...
2022-12-071h 00Keep What You Earn
Keep What You EarnIs it Too Late to Elect the S Corp?It is not too late to elect to be taxed as an S Corp for your business for 2022! You can still take the S Corp election right now, as long as you are compliant for 2022. You must already have an LLC or Corporation. You also need to have your books covered for 2022, at professional-grade, and be ready to run payroll. With an S Corp you're required to pay yourself a reasonable salary, so make sure you have the means to pay it before the end of the year. * Find everything you need at www.keepwhatyouearn.com! https...
2022-12-0208 minKeep What You Earn
Keep What You EarnIs it Too Late to Elect the S Corp?It is not too late to elect to be taxed as an S Corp for your business for 2022! You can still take the S Corp election right now, as long as you are compliant for 2022. You must already have an LLC or Corporation. You also need to have your books covered for 2022, at professional-grade, and be ready to run payroll. With an S Corp you're required to pay yourself a reasonable salary, so make sure you have the means to pay it before the end of the year. * Find everything you need at www.keepwhatyouearn.com! https...
2022-12-0208 minThe CPA Advisory Show
The CPA Advisory ShowIs Your Customer Discovery Process Costing You Money?In this episode of the podcast, Jeremy and Chris discuss Black Friday and Cyber Monday and why your firm should be offering discounts (j/k no it shouldn't). They also dive deep into the customer discovery process. The key takeaways from the episode are: Whether or not your firm should be offering discounts to drum up new business The ways your firm is unintentionally discounting your services The benefits of a solid customer discovery process in your firm Ideas for a successful customer discovery process Who should be managing the discovery process in your firm? Follow the...
2022-11-3053 minThe CPA Advisory Show
The CPA Advisory ShowUnpacking The 2022 Practice Excellence ReportIn this episode of the podcast, Jeremy and Chris unpack the 2022 Practice Excellence Report, talk about their experiences with their AICPA PCPS Small Firm Groups and how they are preparing their firms for the year ahead. The key takeaways from the episode are: What is an AICPA Small Firm group and how can it be helpful? All about the "dip" (years 2 to 5) What should your expectations be for your firm as you're starting out solo and looking to grow? What is the definition of "firm excellence?" Ideas for the year ahead to move your firm forward Follow...
2022-11-231h 00The CPA Advisory Show
The CPA Advisory ShowHow to Build a High Value Tax Advisory Firm with Jackie MeyerIn this episode of the podcast, Jeremy and Chris speak with special guest Jackie Meyer (@JackieMeyerCPA on Twitter). Jackie is a tax advisory savant and also the founder of a tax planning software, TaxPlanIQ. The key takeaways from the episode are: How to identify ideal clients for your advisory services What a profitable tax advisory engagement looks like How to set boundaries in your firm and with your clients The first tactical step to move yourself from “stuck” to a profitable, manageable firm How software can assist in a tax planning engagement Follow the show on Twitter @CPAA...
2022-11-1650 minThe CPA Advisory Show
The CPA Advisory Show25 Automation Ideas to Enhance Advisory Services with Chad DavisIn this episode of the podcast, Chris nerds out (in Jeremy's absence) with special guest Chad Davis (@ChadDavis on Twitter). Chad needs no introduction as an automation pioneer in the accounting space and a co-host of the Automation Town podcast. The key takeaways from the episode are: 25(ish) ideas for automation to enhance your advisory offering Do you need to be an automation expert to make headway? Apps you can use to create automation without knowing how to code Examples of how to think through how to automate a process Is automation in an advisory practice limited to...
2022-11-091h 01The Accounting Podcast
The Accounting PodcastPodcasting From The Pumpkin PatchSponsorsCanopy: https://cloudaccountingpodcast.promo/canopyZoho: https://cloudaccountingpodcast.promo/zohoLiscio: https://cloudaccountingpodcast.promo/liscioNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow Notes14:30 – Matt Foreman on Twitter: "Say you don’t know how “ordinary and necessary” is defined by tax law without saying you don’t know how “ordinary and necessary” is defined by tax law.https://twitter.com/ForemanTaxLaw/status/1583131258514997255?s=20&t=15n3x7F2ZI0zG...
2022-11-041h 06The CPA Advisory Show
The CPA Advisory ShowAcquiring a Firm with Rachel FischIn this episode of the podcast, Jeremy and Chris speak with special guest Rachel Fisch (@FischBooks on Twitter). Rachel is #TaxTwitter famous, is known for speaking all over the place and is the new owner of Realty Tax. The key takeaways from the episode are: What types of accountants are best equipped to deliver CAS? How Rachel identified a firm to acquire The types of experience and knowledge Rachel thinks are key to the acquisition process The difference between being “in the cloud” vs. having a cloud mindset Rachel’s plan and rationale for transforming her firm going forwar...
2022-11-021h 04Keep What You Earn
Keep What You EarnHow to Manage a Business with Multiple Owners with Jeremy Wells, CPA, EAJeremy Wells, CPA, EA, helps agency owners build profitable, sellable businesses. He runs JWellsCFO, an accounting and advisory firm which has operated since 2018. He co-hosts the CPA Advisory Show, a weekly podcast about how accountants can be more helpful advisors for their clients. He's a great resource to understand all things concerning partnerships! We discuss the importance of appropriately setting up your partnership, legal considerations that need to be made in a multi-owner business, and different situations you will want to address in your operating agreement. Beyond that, we discuss a variety of ways to handle taxes...
2022-11-0128 minKeep What You Earn
Keep What You EarnHow to Manage a Business with Multiple Owners with Jeremy Wells, CPA, EAJeremy Wells, CPA, EA, helps agency owners build profitable, sellable businesses. He runs JWellsCFO, an accounting and advisory firm which has operated since 2018. He co-hosts the CPA Advisory Show, a weekly podcast about how accountants can be more helpful advisors for their clients. He's a great resource to understand all things concerning partnerships! We discuss the importance of appropriately setting up your partnership, legal considerations that need to be made in a multi-owner business, and different situations you will want to address in your operating agreement. Beyond that, we discuss a variety of ways to handle taxes...
2022-11-0128 minThe CPA Advisory Show
The CPA Advisory ShowGoing From Firm Owner to SaaS Entrepreneur with Kelly MannIn this episode of the podcast, Jeremy and Chris speak with special guest Kelly Mann (@TheCPAMann on Twitter). Kelly is a 2018 graduate of the AICPA Leadership Academy, firm owner and now a SaaS entrepreneur (AuditMiner). The key takeaways from the episode are: The high-level steps Kelly took to start a technology company How to "move off the solution" and listen to your current and potential customers The direction of technology in the accounting space based on Kelly’s experience at the AICPA Executive Roundtable Why small firms are the way of the future Why “not having enough time” isn’t...
2022-10-2651 minThe CPA Advisory Show
The CPA Advisory ShowHow CPAs Can Participate in M&A Advisory with Alan HettingerIn this episode of the podcast, Jeremy and Chris speak with special guest Alan Hettinger (@AlanHett on Twitter) on a wide range of topics. Alan is an Accounting Manager for, and specializes in, a SaaS company. The conversation starts with Alan's thoughts as far as how software will impact the accounting industry, then transitions into an in-depth conversation about how accountants can add value during the mergers and acquisition (M&A) process. If you're offering advisory in your firm, this is sure to be a valuable conversation. The key takeaways from the episode are: Alan's thoughts on the...
2022-10-1953 minThe CPA Advisory Show
The CPA Advisory ShowSubscriptions For Professional Service Firms with Attorney Jon TobinIn this episode of the podcast, Jeremy and Chris speak with special guest Jon Tobin (@jontobinla on Twitter). John is a California-based attorney who offers subscription-based legal services. If attorneys can offer subscription-based services, so can accountants. The key takeaways from the episode are: Why John decided to move away from the billable hour Modeling capacity for a professional services firm that’s just getting started with an alternative revenue model The metrics to track for profitability of subscription services in a professional services firm How to get over the fear of moving to a new revenue model Wh...
2022-10-1252 minThe CPA Advisory Show
The CPA Advisory ShowBudgeting As A Service (BaaS?)In this episode of the podcast, Jeremy and Chris discuss the what and how of offering business budgeting services to customers. The key takeaways from the episode are: The timing and process of putting together a budget for customers The tools you can use to build budgets for your customers The difference between budgeting and forecasting and how they apply to CAS What does coherence mean within the context of a budget? How to bill customers for budgeting services Follow the show on Twitter @CPAAdvisoryShow Jeremy Wells on Twitter @JWellsCFO Chris Hervochon on...
2022-10-0554 minThe CPA Advisory Show
The CPA Advisory ShowEfficient or effective? Profitability in accounting firmsAs accountants, we want to make sure our firms run efficiently and profitably, but are those the right goals? Jeremy and Chris make a case for pivoting to effectiveness rather than efficiency and discuss how to measure effectiveness in your firm. Follow the show on Twitter @CPAAdvisoryShow Jeremy Wells on Twitter @JWellsCFO Chris Hervochon on Twitter @ChrisHervochon --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2022-09-2853 minThe CPA Advisory Show
The CPA Advisory ShowTo Change The Accounting Profession, First Change The Language with Ed KlessIn this episode of the podcast, Jeremy and Chris welcome knowledge economy extraordinaire Ed Kless (@edkless on Twitter) to the podcast. Ed, along with his co-host Ron Baker, hosts The Soul of Enterprise podcast every Friday. Ed is a staple at accounting conferences as an engaging presenter and has been a pioneer in notable areas such as timesheets and value pricing. The key takeaways from the episode are: The top books for new firm owners and those firm owners that want to throw out their timesheets Why we need to thoroughly explore what matters before we explore the “ho...
2022-09-211h 01The CPA Advisory Show
The CPA Advisory ShowPractice Management Software vs. Ticketing Software For Firm ManagementIn this episode of the podcast, Jeremy and Chris talk about their different approaches to workflow management, capacity management and engagement management. The key takeaways from the episode are: · How ticketing software can be used to manage the workflow of a firm. · What is practice management software? · What’s the difference between practice management software and project management software? · The importance of tracking the history of client engagements – digitally! · How these platforms can help you share information across the team · Are we still using email or are we using one of these other systems? · How does the month end close t...
2022-09-1448 minThe CPA Advisory Show
The CPA Advisory ShowThe Month-End Close Process For CASIn this episode of the podcast, Jeremy and Chris talk about their different approaches to closing the books for clients within their CAS services. The key takeaways from the episode are: What is the purpose of the month-end close? What processes are included in the month-end close? What tools do we use during the close process? What does the timing of the close look like? Use cases for bots in the close process Follow Jeremy Wells on Twitter @jwellscfo and Chris on Twitter @chrishervochon. --- Send in a voice message: https://podcasters.spotify.com/pod/show...
2022-09-0745 minThe CPA Advisory Show
The CPA Advisory ShowOffering & Pricing New ServicesIn this episode of the podcast, Jeremy and Chris talk about how to decide when to offer a new service in your firm and how to price it. The key takeaways from the episode are: What services should you, or shouldn’t you offer and why? What’s the first question you should yourself before offering a service to the marketplace? How to price a new service offering when you don’t have any experience delivering it. How do new services interplay with the subscription model? How to "buy" the ability to have your clients be your guinea pig. ...
2022-08-3141 minThe CPA Advisory Show
The CPA Advisory ShowTrust-based Marketing with Shannon Weinstein, CPAIn this episode, for the first time ever, we have a guest with their own #1 podcast (in Nmibia!). Shannon Weinstein, CPA is the owner of Fitnancial Solutions, a virtual CPA firm providing CFO and tax strategy services to entrepreneurs. There are a ton of takeaways in this episode, among them: Can subscription models work with any industry niche? How to build trust with clients How Shannon sold $20K in services last month with text message marketing (it's not what you think) Should you firm use a copywriter? A copywriter...what!?!? Newsletter marketing (don't call it a newsletter!) Leveraging "...
2022-08-2554 minThe CPA Advisory Show
The CPA Advisory ShowEfficient and Effective Operations For Professional Service Firms with Alyson CaffreyAlyson Caffrey of Operations Agency, is the founder of Operations Agency and co-creator of the Operations Simplified™ Framework. As a fractional COO for many high-growth businesses, Alyson fell in love with the results that clear ops bring to a service business. She and the team at Operations Agency are determined to help businesses thrive profitably, serve more clients and create high-performing teams. When it comes to streamlining the operations of a professional services firm, Alyson knows her stuff. Additionally, her website has a ton of free resources which we encourage you to check out. In this episode Jer...
2022-08-1752 minThe CPA Advisory Show
The CPA Advisory ShowBuilding a "Functional Ponzi Scheme" (Offshoring) with Michael Meihaus, part 2In this episode of the CPA Advisory Show Jeremy and Chris talk again with Michael Meihaus, CPA for another interesting discussion: What was it like to build out an office overseas? What are the common pitfalls of managing an offshore staff? How is managing an offshore staff different than managing a U.S.-based staff? What should we be thinking about with data security when we offshore? Tips for interviewing offshore talent You can find Jeremy (@JWellsCFO) and Chris (@ChrisHervochon) on Twitter. --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2022-08-1042 minThe CPA Advisory Show
The CPA Advisory ShowSubscription Offerings for CAS and Tax ServicesIn this episode of the CPA Advisory Show Jeremy and Chris will discuss: What is a subscription model in an accounting firm? Can tax work be done on a subscription basis? Should subscription services have limits? What are some ideas to mitigate sources of friction in subscription services? Can you do subscriptions without having a niche? Some ideas to manage capacity within a subscription type model. Thoughts on managing team members in a firm that is subscription focused. You can find Jeremy (@JWellsCFO) and Chris (@ChrisHervochon) on Twitter. --- Send in a voice message: https://podcasters...
2022-08-0344 minThe CPA Advisory Show
The CPA Advisory ShowBuilding a "Functional Ponzi Scheme" with Michael Meihaus, part 1Full disclosure: Yes, this title is clickbait but we all agreed it was a funny moment from the podcast. Michael Meihaus is the owner and founder of Meihaus CPA, PC. Michael's firm is relatively new and specializes in employee benefit plan (EBP) audits. In this wide-ranging conversation we covered: · What nudged Michael to start his own firm? · What are employee benefit plan (EBPs) audits, for those of us not in the know? · Michael’s business development strategy for new firm owners · How to create your own “functional Ponzi scheme” · Th...
2022-07-2756 minThe CPA Advisory Show
The CPA Advisory ShowOur Top Books to Learn and Deliver Advisory ServicesIn this episode, both Jeremy and Chris provide their respective "top 5" lists to learn and deliver advisory services. There is a good mix of books that cover both technical and soft skills, but it may surprise you just how much these books fall into the latter category. Both Jeremy and Chris provide their top takeaways from each book and engage in meaningful back and forth. Regardless of whether you read these books or not, there are plenty of takeaways that you can use to run a better CAS (or is it CAAS?) practice. --- Send in...
2022-07-201h 01The CPA Advisory Show
The CPA Advisory ShowThe Intersection of CAS and Corporate Finance with Andrew LynchIn this episode of the CPA Advisory Show Jeremy Wells (@JWellsCFO) and Chris Hervochon (@ChrisHervochon) welcome special guest Andrew Lynch (@AndrewGLynch). This episode unpacks what it's like to work in a corporate FP&A environment and how that translates into delivering CAS services.  Some key takeaways from the episode: How to get good at bridging technical gaps between technical and non-technical consumers How FP&A applies to advisory How to think about adding non-financial metrics to your client’s reporting Why cloud-based reporting systems is important for automation and business intelligence --- Send in a voice mes...
2022-07-1346 minThe CPA Advisory Show
The CPA Advisory Show"CAS 2.0" with Gary Wood, CPAWe're at CAS 2.0 now? What happened to 1.0?  In this episode we will explore exactly what CAS 2.0 is with our special guest Gary Wood, CPA and how we went from CAS 1.0 to CAS 2.0, seemingly overnight.  Gary is a firm owner from Ozark, Missouri (home of the Langmores!) that bought a legacy tax shop and turned it into a modern firm. Gary leveraged the existing client base and his firm is now 70% CAS and thriving. Gary is also a proud alumni of the AICPA Leadership Academy, Class of 2018, along with our co-host Chris Hervochon.   In this episode, we...
2022-07-0640 minThe CPA Advisory Show
The CPA Advisory ShowAccounting Data and Pretty Pictures. Adding Dashboards to Your Advisory ToolboxIn this episode of the CPA Advisory Show (CAS) we talk about dashboards and how to implement them into your advisory toolbox. We’ll cover the advisor’s common questions, such as:  How do I choose an analytics or visualization tool?  What metrics should I include on the dashboard?  Do clients even like dashboards?  And so much more. Tune in and find out. If you like this episode, please subscribe to the show and leave a review so we can grow our audience and keep this thing going. Finally, don’t forget to follow us...
2022-06-2931 minThe CPA Advisory Show
The CPA Advisory ShowHow Logan Graf Started With Tax and is Moving Into CASOur first guest! In this very special episode of the CPA Advisory Show (CAS) we met up with Logan Graf of The Graf Tax Co. PLLC at AICPA ENGAGE 2022 to talk about Logan's experience starting his tax-first firm and his move into offering Client Accounting Services (CAS). We also talk about Logan's TikTok skills and dancing prowess. Seriously. Logan is a must follow on Twitter @LoganGrafTax. --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2022-06-2233 minThe CPA Advisory Show
The CPA Advisory ShowHow to find and keep CAS clientsJeremy and Chris review what CAS means: C: Client/Cloud A: Accounting/Advisory S: Services They discuss who should lead the relationship between advisor and client and how they decide whether to work with a prospect or not. --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2022-06-0833 minThe CPA Advisory Show
The CPA Advisory ShowWhat does CAS mean to you?Jeremy Wells, CPA, EA, and Chris Hervochon, CPA, CVA, sit down to discuss what CA(A)S means to them in this inaugural episode of The CPA Advisory Show. Chris and Jeremy each run their own small accounting and advisory firms. They settle on a simple call to action for current and future advisors: “Just be helpful.” This episode’s actionable steps to increase your firm’s advisory value: From Chris: Reach out to your clients and ask them what's going well, what's not going well, and how can we be most helpful. Fr...
2022-06-0135 minThe CPA Advisory Show
The CPA Advisory ShowTrailerHi, I'm Jeremy Wells, CPA, cohost of the CPA Advisory Show. Along with my co-host Chris Hervochon, CPA, we'll be talking about advisory services, building and running an advisory firm, and how we use advisory services to help our clients. We look forward to sharing many great episodes with you. Thanks for listening. --- Send in a voice message: https://podcasters.spotify.com/pod/show/cpaadvisoryshow/message
2022-05-2500 minThe JWellsCFO Show
The JWellsCFO Show#JWellsCFOShow Ep.3 - Valuing, Buying, & Selling Businesses with Eric BurgmaierEric Burgmaier is a highly experienced CPA who built a profitable practice taking on dental clients and helping them with valuing & selling their practice.  Welcome to the SHOW! Premiering every Monday.  Connect with Eric here: https://www.linkedin.com/in/eric-burgmaier-cpa-cva-75326913/ Feel free to add your take on anything mentioned.   Find Jeremy Wells here: https://twitter.com/JWellsCFO?s=17 https://www.linkedin.com/in/jwellscfo/ https://www.facebook.com/JWellsCFOPage/ https://www.jwellscfo.com/ See the end of this episode for suggestions, comments, and even...
2019-09-2353 min