Victoria Thayer - Novii CPA
On staying as a corporate employee vs. starting on her own: "Once you become partner, you walk in clouds and everything is just rainbows and hearts... It was death, pretty much."
Death and taxes it has been said are the two things we can always count on. Victoria Thayer started Novii CPA to help you with your taxes, so you don't die from the stress of trying to figure them out.
Victoria was working her way up the corporate ladder at a large CPA firm. Then one day, she realized she was working very hard for a type of success that did not align with the success she wanted.
So she started Novii CPA, her own CPA firm to do things different and to do things better.
Listen as Victoria details her story and gives us insight into the inner workings of larger CPA firms and how she has found success making herself her own boss.
Enjoy!
Visit Victoria at: https://noviicpa.com/
Podcast Overview:
02:20 Relationship-based accounting and tax services with value.
06:04 Determining ideal package for different businesses.
06:42 Discovery call assesses client's needs, gathers info.
12:23 Tax law changes require continuing education.
15:03 Paying self employment taxes: explore alternatives.
18:04 Key importance in evaluating discovery call; paperless, cloud-based, Quickbooks online, willingness to switch, hybrid firm.
19:49 Finding team members outside of posting job.
24:03 Becoming partner doesn't guarantee happiness, freedom.
29:01 Hired more staff, but became a bottleneck.
30:30 Busy entrepreneur hires experienced CPA, finds success.
35:05 Transparent culture fosters teamwork and inclusivity.
37:42 Setting up workflows to maintain reputation.
39:42 Opportunity for growth attracts passionate team members.
44:36 Client coordinator found through UW job posting.
48:48 CPA firm provides continuous service, tax return.
52:33 Quit job, start own business, fears, preparations.
Podcast Transcription:
James [00:00:01]:
You have found authentic business adventures, the business program that brings you the struggle, stories and triumphs and successes of business owners across the land. Downloadable audio episodes can be found in the podcast link. [email protected] Today we're welcoming slash preparing to learn from Victoria Thayer of Novii CPA, which, you know, everybody loves taxes. So we figured we should talk to Victoria here. So, Victoria, how are you doing today?
Victoria Thayer [00:00:27]:
Amazing. Thank you so much for the invitation today, and it's a pleasure to connect with all of you.
James [00:00:32]:
Yeah, this is exciting. You know, I guess my friend Jenna.
Victoria Thayer [00:00:35]:
Yes. And you were just talking to me.
James [00:00:38]:
I guess, off the air about a meeting that you had with her and that was a trigger or she just kicking the shin to start your own business. Tell me a story about how that happened.
Victoria Thayer [00:00:46]:
Yes. So I was talking to Jenna or a mutual friend, and I met her in a networking event. She's amazing. You should follow her. And she started asking me about what my goals were in the future, and I started thinking, oh, yes, I want to do this and this. But then the way I thought it was the traditional way to get there was not exactly what I truly wanted. And sometimes it is hard to acknowledge that we want something and say it out loud.
James [00:01:15]:
Okay.
Victoria Thayer [00:01:16]: