March 21, 2023

111 CAS is Sexier than Bookkeeping (feat. Dan Luthi, CPA)

1 hour 5 minutes

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