Accounting High

Episode 87 | Recorded October 8, 2022 

Thank you to this episode’s sponsor, FreshBooks 

Another Fresh Book Report by Scott and Twyla and today they’re doing Simon Sinek’s Infinite Game. They break down their own understanding of the book. What is this Infinite Game? How do we win? Or do we even need to win? This episode bridges the book’s concepts and our hosts’ personal experiences and their own Infinite Games. 

0 - Class is now in session! 

3 - Why Infinite Game? Shoutout to Greg McKeown’s Effortless 

8 - You didn't get stuck on the 10th page because it was boring. You got stuck cuz you were inspired and it triggers so many ideas 

Shoutout to FreshBooks’ FreshPAC and all our friends there 

12 - The profit and losses of a business are not necessarily what defines the win or loss of that infinite game 

Shoutout to David Barrett 

16 - What does it look like if your clients want you rather than need you? 

Shoutout to Acuity Accounting, Karbon 

22 - Competing with everybody versus learning from everybody 

25 - We're on this journey to build a partner program and then a product that people want to explore using versus they're forced to because there's no other alternative 

31 - Build a trusting team 

Shoutout to Alex Miles 

37 - Whether we look to one another as competitors, we look to one another as colleagues, or we look to one another for inspiration, it's happening inside this profession where people are seeking the knowledge of what others have 

Shoutout to Chad Davis, Nicole Davis, CPA, Nayo Carter-Gray, EA MBA 

40 - Accounting High is gonna be a community, a platform 

Shoutout to Jason M. Blumer, CPA, Jason Staats, CPA, MBA, Ryan Lazanis, CPA, Clayton Oates 

46 - They changed the game through their will to further their cause 

53 - Give it up for Lil Toddler’s Infinite Sinek (A parody of ‘Infinite’ by Eminem) 

57 - Twyla and Scott’s final thoughts on the review and the book itself

Episode 85 | Recorded May 20, 2022

We would so appreciate it if you took our listener survey linked here:

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The Accounting High Booster Club would like to thank GoProposal for the support!

GoProposal https://goproposal.com

Scott, Jason, and Teddy Sullivan, CPA talk about purchasing an accounting firm, making changes, cloud or desktop, and everything in between. They also talk about sales, acquisitions, tools, and more. If you’re ever thinking of purchasing your own accounting firm or just looking to expand your current one, you wouldn’t want to miss this episode.

5 - The not-so-usual track: Teddy’s journey into owning an accounting firm

Shoutout to Xero

7 - What got me into accounting? I didn’t want to sell printers

11 - Teddy’s thought process when it comes to purchasing a firm

17 - Thinking of purchasing a firm? Go remote or go local?

21 - Transitioning ownership

24 - Cash or card? The dilemma of collecting our clients’ payments

30 - The pain of change is greater than the pain of the present

38 - Xero or Quickbooks?

Shoutout to Intuit Quickbooks, Ben Richmond CA

41 - You gotta bring somebody there and let them see it.

43 - What are your next steps?

45 - Scott’s sales process

Shoutout to Timothy Donohue

49 - Capacity planning differences from our firm owners

54 - Teddy’s advice to firm buyers and owners that are looking to expand

Shoutout to James Ashford

66 - The Oprah of Accounting Podcasts

Episode 84 | Recorded May 16, 2022

We would so appreciate it if you took our listener survey linked here:

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Today’s episode is sponsored by Justworks - visit justworks.com/partners

In this episode, we find out what Scott Scarano was like as an employee. Jason Ackerman’s usual drill in drilling out guests. Damon Yudichak, PFP, MBA, CPA’s journey from serving in the army to being an accountant and how he was able to keep his firm up despite doing it solo. He is another testament to the Profit First philosophy so be sure to keep your notes on how he was taking home the same amount of money as a 1.5M firm despite grossing just a fifth of that.

1 - What was Scott like as an employee?

3 - Damon’s journey toward accounting

6 - I think one of the great things about the accounting business is you've got this recurring revenue stream that you can build

12 - No employees even after running the firm for more than 10 years

17 - Selling my clients to get new ones

Shoutout to Mike Michalowicz, John Briggs

22 - A lot of people are good at making money, the challenge is keeping it

23 - 80% of your revenue will come from 20% of your customers: The Pareto Principle

31 - Damon’s tech tools for his practice

35 - Damon’s numbers, exposed

42 - Best advice to firm owners from Damon

46 - To all real estate agents out there, be sure to check out Damon’s Profit First for Real Estate Agents

Episode 83 | Recorded October 31, 2022

Episode 82 | Recorded May 23, 2022

We're on a mission to set our own traditions here at Accounting High, and we need your help and feedback to do it. If you have a few minutes to spare, we would so appreciate it if you took our listener survey linked here:

https://bit.ly/3NRSAfD

The Accounting High Booster Club: thank you GoProposal for the support!

GoProposal https://goproposal.com

Today’s episode is a laidback chat between Scott and Tax TeleGraf, Logan Graf, CPA. They give us an insight into how today’s social media platforms have been tools to reach out not just to the accounting community but to potential clients as well. These tools are double-edged swords but if played correctly, they can be used as a way of attracting clients that are inclined toward the same culture. Interested in building your own following? Be sure to keep your ears open as you wouldn’t want to miss the tips that got Logan his 11.2K followers on Twitter.

3 - Why Accounting of all things?

6 - Kids don’t really want to be accountants when they grow up

10 - The best accounting firm owners didn’t take the traditional accounting route

14 - I’m not afraid of going against the grain

25 - Why did you get into Twitter?

29 - The race to 10K: Staats vs Graf

35 - I just want to make people smarter when it comes to taxes

42 - You can only grow and nurture one thing at a time

46 - The pains of plannings out your goals

50 - Where do you find fulfillment?

54 - Talking about an accountant's body

58 - The Accounting Multiverse

72 - Working from home has been a blessing

74 - Posting and Boasting

78 - The Logan process for filtering potential clients

90 - How can I grow my following on Twitter?

92 - The best posts are the ones that people can relate to

94 - The search for Daily Tax Memes. Who are you?

Episode 81 | Recorded January 14, 2022

Welcome to Part 3 of our Accounting Club Collection

This is an episode about changing the accounting profession, one firm at a time.

Starring Zunie Nguyen, CPA - Founder & CEO of Yogi CPA

Today’s episode is sponsored by Justworks - visit justworks.com/partners

Our first-ever, annual listeners survey; we’d love it if you took a moment to fill this out so we can continue to improve our show!

https://bit.ly/3NRSAfD

Song Credits

H.E.R. - Changes

Lana Del Rey - Change

Taylor Swift - Change

Sheryl Crow - A Change Would Do You Good

Tupac - Changes

Justin Bieber - Changes

Black Sabbath - Changes

Deftones - Change (In the House of Flies)

David Bowie - Changes

Otis Redding - A Change Is Gonna Come

Blind Melon - Change

Fleetwood Mac - Landslide

Eric Clapton - Change the World

J. Cole - Change

Episode 80 | Recorded May 9, 2022

The Accounting High Booster Club, thank you GoProposal for the support!

GoProposal https://goproposal.com

Today we have Scott and Kellie Parks CPB chatting during their time in Paradise Point San Diego. Hop on a conversation that revolves around change and why there is no stopping the Big Shift that our industry is currently on. Kellie shares how change has been a very fun experience for her and how she embraced these changes over time. Aren’t you tired of the current practices that you’re doing in your firm? Or are you content with everything right now that these changes seem more like a chore? Tune in as Scott and Kellie dissect these changes and how they continue to cope with what’s hot

0 - The SaaSy Accounting Coach

3 - Scott and Kellie in Paradise Point San Diego

6 - I do lots of accounting but I’m not an accountant

10 - How Kellie found her love for accounting

13 - I do one personal tax return a year and every single year that client does not pay me and complains about the job that I did

Shoutout to Ryan Lazanis, CPA, Chad Davis, Brian Clare, Rachel Fisch, CPB

Shoutout to our sponsors GoProposal

20 - “Change is hard. Not changing will be harder” - Kellie Parks

25 - People who have trouble with change have not experienced the fun of it

28 - The fun factor in implementing tech is waaaaay underrated

Shoutout to Zapier, 17Hats, Acuity Scheduling, Acuity Accounting, Matthew May

37 - We control numbers and then we try to control everything else around us

Shoutout to Blake Oliver, CPA, Kyle Turriff

41 - Coms: from COMpetitors to COMmunity

Shoutout to Jason Staats, CPA, MBA

47 - Grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference

53 - Go get the things you need to get, don’t have them shipped to you

Episode 79 | Recorded February 11, 2022

We're on a mission to set our own traditions here at Accounting High, and we need your help and feedback to do it. If you have a few minutes to spare, we would so appreciate it if you took our listener survey!

https://bit.ly/3NRSAfD

Scott’s Accounting Firm is hiring, if you’re an accountant and you think you might want to work for Scott, we will all pray for you, and you can send your resume to [email protected]

The Accounting High Booster Club wants to share a big thanks to Botkeeper for their continued support.

Botkeeper - visit https://www.botkeeper.com/ for more information

In today’s episode, Scott discusses the importance and Impact of Culture in our firms/businesses with Jacob Schroeder, CPA and Marissa Jones. Our host and guests share their own experiences and find out among themselves what components of their businesses made up their companies’ culture. Why is it so important that it should even be considered when we pick our clients? Does having a culture that resonates with our team really affect output? How does it help? Find out in this episode how culture has been a proven essential to thrive in the entrepreneurial world

5 - What is Culture? What are we after when we’re building culture?

9 - Considering the company culture when hiring

12 - Defining your company’s culture

15 - It's important for us to build cultures that compensate and offset our extremes…

17 - You want things to reflect reality, not aspiration

Shoutout to Logistis for Designers, Karbon

19 - Is there a way to test the cultural fit of a client before taking them on?

21 - We should have a greater filter level on clients coming in the door than we do on staff

25 - How much does the environment we create reflect our culture?

26 - People at different stages in life are going to interact better with certain cultures

28 - Key components of Culture

31 - The different kinds of cultural frameworks

37 - Key “C words” of Culture

Shoutout to Kenji Kuramoto, ClickUp

Episode 78 | Recorded April 18, 2022

It's our long overdue listeners' survey! please fill it out, there will be prizes!

https://bit.ly/3NRSAfD

FreshBooks MeetUps - check us out in the PDX at Ecliptic Brewery on November 10, 2022!

register here: https://t.co/6RaUdSHuAa

The Accounting High Booster Club: thank you for the support!

GoProposal https://goproposal.com/

and

Justworks http://justworks.com/partners

Joining Scott and Jason today, we have Mike Michalowicz. Find out how the man who wanted to be a garbage man when he was young went out to be the man whose mission is to eradicate Entrepreneurial Poverty through his books and other outlets. What is this Profit First Methodology? And how do we begin applying it in our firms/businesses? Tune in so you can get first-hand information from Mike himself as he shares his stories and how he has helped others to be more profitable.

7 - The name game

5 - Why did you pick the accounting vertical for Profit First?

11 - I wanted to be a garbage man when I grow up

17 - I'm just taking ideas that worked in the past, packaging in a slightly new way. But I'm a regular Joe and it worked for me, I hope it serves others

18 -  The Pratfall Effect

20 - A backup job for me would have been a standup comedian

22 - How the Grow My Accounting Practice Podcast came to life

24 - Profit is a discipline. It's not something that's like a flip of the switch, like one night it just magically appears. It's gotta be baked into your business

32 - Mike’s one piece of advice? Schedule a four-week vacation a year or two from today

35 - How do we apply Profit First?

Shoutout to Relay

37 - Buying up other firms

Shoutout to David Emmerman, Michael Ly

46 - “Purpose OR Profit” or “Purpose AND Profit”

Shoutout to Simon Sinek

47 - The philosophy of finding your why is not necessarily just a philosophy, but it's a way of life

Shoutout to James Clear

Episode 77 | Recorded January 14, 2022