Tax Pros Unplugged

In this episode, Jared and Kelly share their experiences and insights from traveling as tax instructors, discussing the challenges and rewards of life on the road, including hotel stories, teaching tips, and personal reflections.
Key Topics:
Experiences of traveling tax instructors
Challenges of hotel accommodations and travel logistics
Effective teaching strategies for conferences
Personal reflections on work-life balance while traveling
Tips for engaging audiences and managing questions

In this episode, Kelly and Jared share humorous and heartfelt stories about the unexpected questions and situations they encounter as tax professionals, from marriage and divorce to aging parents and business partnerships. They explore the human side of finance, emphasizing the importance of honesty, ethics, and perspective in their work.

Key Topics:
The vulnerability of clients when discussing finances
Humorous stories about client questions
The importance of ethical boundaries in tax advising
Conversations about marriage, divorce, and aging parents
The role of personality and perspective in financial decisions

Chapters:
00:00 Introduction and Episode Overview
00:07 The Personal Side of Client Questions
00:12 Marriage and Divorce Conversations
00:24 Handling Difficult Client Situations
00:52 Aging Parents and Estate Planning
01:10 The Value of Honest Conversations
01:13 Business Partnerships and Mediation
01:25 The Importance of Operating Agreements
01:40 Thoughts on Prenups and Marriage
01:42 The Humor in Client Interactions

In this episode, Jared and Kelly delve into the complexities of Roth conversions, exploring strategies, pitfalls, and the importance of proactive planning for different life stages. They emphasize the need for financial professionals to ask the right questions early and to consider personalized scenarios to optimize tax outcomes.

"Once you put it in, it's never taxed again"
"There's a massive wave of old money coming"
"Ask better questions early in the planning process"

This week we welcome Rick Moore, CPA of Iron Summit Tax Advisors to talk about his experiences with acquisitions, AI, and advisory. 

Rick can be found at https://clearfixtax.com

If you want to be a guest on our podcast, please apply here: ⁠api.leadconnectorhq.com/widget/form/8h5GOkPHX4StymeujRzh

Jared and Kelly share personal stories and insights on how tax seasons have challenged and transformed their practices, emphasizing the importance of systems, boundaries, and mindset shifts to thrive beyond the chaos.

This week we welcome our friend and colleague Marit Burmood, CPA to talk about how she transformed her practice with advisory. Also, we pick on Jared.

Marit can be found at https://www.maritburmoodcpa.com/

What if you want to scale your firm but you accidentally created a monster? How can you prevent it? Today we're discussing what building smart actually looks like in practice, and what things to avoid if you want to scale your firm. We want to know, have you accidentally created a monster?

If you're interested in learning how to scale smarter, visit taxfounded.com to learn more.

We're joined by another tax pro today, Scott Meyer, to talk about how technology is helping make us more effective professionals. It's always good to have another perspective on what's working, what's not, and what we can expect in the future.

Thanks for joining us Scott!

Every profession has to have hard conversations with people. Sometimes those are clients, colleagues, employees, or ourselves. 

For guidance on how to have these conversations, join us at taxfounded.com and find support from other tax pros to help you realize you're not alone!

What's the best way to write off a car? What about rental property? Machinery?  There's so many things to know about depreciation, and it can be confusing to know what the best path is.  

Are you a tax pro wondering if you're running a firm or if it's running you? Take our Firm Audit at taxfounded.com today.