Are You Ready to Transform Your Business with Tech-Enabled Accounting Solutions?

In this episode of Grow Your Business & Grow Your Wealth, guest host Eli Mizrahi speaks with Lucas Matson, founder of LDC Financial and former Deloitte Tax professional. Lucas shares his journey from corporate accounting to entrepreneurship, offering valuable insights into modern accounting practices, the cannabis industry, and how technology reshapes financial services. Drawing from his extensive experience with major tech companies and M&A transactions, Lucas provides a unique perspective on building a location-independent practice while maintaining high professional standards.

Key Takeaways:

→ The accounting industry is evolving toward tech-enabled solutions, with automated tools reducing the need for large departments while maintaining accuracy and compliance.

→ Starting at a big accounting firm provides invaluable experience and expertise that can be leveraged to serve diverse clients effectively as an independent practitioner.

→ Cannabis industry accounting presents unique challenges due to complex regulations and tax codes (like 280E), requiring specialized knowledge and careful structuring of financial statements.

→ Digital nomad entrepreneurship is possible in accounting, but proper system and technology setup is required to maintain efficient operations while working remotely.

→ Small businesses should prioritize proper accounting setup from the start. Investing in professional CPA services early can prevent costly mistakes and provide better financial insights.

Notable Quotes from Lucas:

"Don't let the tax tail wag the dog. You have to do what's best for your business. You shouldn't have less active control."

"If you're trying to start a business and you're serious about it, make sure you're properly capitalized, and bring in a CPA to be your partner because a CPA will be invaluable to you."

Connect with Lucas Matson:

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