Quote

“We need to be committed to the boring stuff in our business because it is the backbone of how everything runs.” - Emily Morgan 

The finer details of this episode 

• Tips for small businesses on delegating their admin tasks 
• Advantages of having a virtual assistant 
• How to start delegating some of your admin work in your business 
• How to get comfortable letting go of tasks in your business 
• What the day-to-day looks like working with a virtual assistant 

Episode resources

• Summit CPA website - www.summitcpa.net
• Email us with questions - [email protected]  
• Delegate Solutions - https://www.delegatesolutions.com/

Quote

“Intentionally fostering serendipity in a distributed company will help keep isolation at bay.” - Matt Westgate

The finer details of this episode 

• What brought Matt to Summit CPA 
• Why Lullabot decided to become a distributed company 
• The benefits of working with a distributed team
• Maintaining company culture when your team is distributed
• The evolution of the Lullabot leadership team 
• How Matt pulled his company out of financial hardship 
• Creating psychological safety in your company culture 

Episode resources

• Summit CPA website - www.summitcpa.net
• Email us with questions - [email protected]   
• Lullabot - https://www.lullabot.com/

Quote

“Every metric tells you what button you need to push to make yourself more profitable.” - Justin Hatch

The finer details of this episode 

• What Reach Reporting does for its clients
• How Summit CPA found Reach Reporting and why it is so important to us
• Why visual, simple reports are such important tools for CPA firms
• How you can get Reach Reporting set up in your firm

Episode resources

• Summit CPA website - www.summitcpa.net
• Email us with questions - [email protected]
• Reach Reporting - https://www.reachreporting.com/

Quote

“Cash flow tools allow you to help every client with short term forecasting.” - Justin Pulgrano

The finer details of this episode 

• Why cash flow is a critical piece of data to collect for your business
• What makes Finagraph a great tool for measuring cash flow
• What the setup of Finagraph looks like
• The disadvantages of accrual statements
• Why you should manage cash flow using a tool instead of a spreadsheet
• What is next for Finagraph
• Why cash is so important in these times

Episode resources

• Summit CPA website - www.summitcpa.net
• Email us with questions - [email protected]
• Finagraph - https://www.finagraph.com/
• Contact Justin - [email protected]

Quote

“The three legs of the stool are culture, tech and tools, and client backgrounds.” - Adam Hale 

The finer details of this episode 

• How to communicate your core values with a new employee 
• The process for teaching new employees the tools and systems 
• What the schedule looks like for a new employee during their first weeks 
• Providing real-time feedback to new employees 

Episode resources

• Summit CPA website - www.summitcpa.net
• Email us with questions - [email protected] 

Quote

“We are trying to learn about a candidate, know how they are going to fit into the culture, and know how they are going to do the job in a very small amount of time.” - Zach

The finer details of this episode 

• How Summit CPA has struggled in the past with hiring 
• The hiring assessments that Zach introduced to Summit CPA 
• Why Emotional Intelligence is such an important factor in a potential employee 
• How the EQ assessment works and how to read the results 
• The Kolbe assessment and how to use it in your hiring process 

Episode resources

• Summit CPA website - www.summitcpa.net
• Email us with questions/comments- [email protected]
• Zach’s Website - https://navigatethejourney.com/

Quote

“Don’t try to game the system with these. The government is going to be really scrutinizing the details with this.” - Jody Grunden

The finer details of this episode 

• Which expenses are included in loan forgiveness
• What you should do if your business uses contractors 
• How to approach documentation 
• What you need to know about the regulations and guidelines 
• The timing and process to obtain forgiveness 
• How to work with any loan that isn’t forgiven 
• Do you need to pay taxes on the loan forgiveness? 

Episode resources

• Summit CPA website - www.summitcpa.net
• Email us with questions/comments- [email protected] 

Quote

“It’s impossible to have all these experiences yourself, so you get that from reading books.” - Adam Hale 

The finer details of this episode 

• How The E-Myth Revisited laid the framework that Jody used to set up Summit CPA
• How Getting Things Done can help accountants and CFOs stay organized and on top of their work
• How Summit CPA uses The 4 Disciplines of Execution
• Tips for how you can develop strong reading habits

Episode resources

• Summit CPA website - www.summitcpa.net
• Email us with questions - [email protected]
• The E-Myth Revisited, Michael E Gerber
• Getting Things Done, David Allen 
• The 4 Disciplines of Execution

Quote

“Project management tools are built for a defined sprint of work, but there is a big gap in recurring client management tools.” - David Cristello

The finer details of this episode 

• David’s background and how he started JetPack Workflow
• Why JetPack Workflow is a valuable project management tool for CPA firms
• How to set up JetPack Workflow in your firm
• When a firm begins to migrate into JetPack Workflow
• Why JetPack Workflow is more effective than other project management tools
• How JetPack Workflow has moved the needle on Summit CPA’s gross profit
• The best way for smaller firms to adapt to a JetPack Workflow
• Summit CPA’s approach to maintaining their JetPack Workflow
• What new things are coming from JetPack Workflow in the future

Episode resources

• Summit CPA website - www.summitcpa.net
• Email us with questions - [email protected]
• JetPack Workflow - https://jetpackworkflow.com/

Quote

“For the clients that are really hit hard, if they are completely shut down, the Employee Retention Credit might be a good move for them.” - Adam Hale 

The finer details of this episode 

• Should you apply for the PPP or EIDL?
• What you can do for businesses that are shut down for the foreseeable future
• Your responsibility as a CPA in this crisis
• How we are approaching COVID-19 with our clients
• Forecasting tips to help clients work through the near future

Episode resources

• Summit CPA website - www.summitcpa.net
• Email us with questions - [email protected]