What's Next For Accounting? - Issue #140

44 Podcasts for Accountants

👂 44 Podcasts for Accountants

I consume 2-3 hours of podcasts per day! 😵‍💫 If you’re looking to spice up your pod player loadout, here are a few for accountants:

Legal Tea
Tax Chats
𝒥𝒶𝓈𝑜𝓃 𝒟𝒶𝒾𝓁𝓎
Oh My Fraud
Rise and Stride
UnAccountable!
Better Everyday
The Unique CPA
Accounting High
The Modern Firm
Earmark Podcast
Totally Bossing It
Tax Crime Junkies
Growing Your Firm
From the Trenches
Federal Tax Updates
Real Estate is Taxing
Pulse of the Practice
Tax Section Odyssey
Who's Really the BOSS?
From Niche to Necessity
The Accounting Podcast
Accounting For Innovation
The Abundant Accountant
Accounting Best Practices
The Ambitious Bookkeeper
Business Strategy for CPAs
The Woodard Report Podcast
Grow My Accounting Practice
The Accounting Flow Podcast
The Young CPA Success Show
The Lifestyle Accountant Show
The Modern CPA Success Show
Future Firm Accounting Podcast
The Big 4 Transparency Podcast
Accountant’s Flight Plan Podcast
The Smarter Accountant Podcast
Building the Premier Accounting Firm
Thrivecast: A Podcast for Accountants
Another Not Another Accounting Podcast
From Zero to Millions: Accounting Edition
Unofficial QuickBooks Accountants Podcast
Conquering Workflows & Systems For Bookkeepers & Accountants

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🔮 Q&A

In what situations, if any, does it make sense for accounting firms to buy leads? Link
You may be resistant to the idea of buying leads, but there are situations where it makes sense, particularly for generalist firms or those just starting out. Buying leads or a small book can help a firm cash flow on day one. Even if these clients eventually cycle out, they may be worthwhile to get things off the ground. For buying leads to be attractive to most accountants, platforms need to convince them accountants the leads are better than the clients they already have.

How do you handle the timing of recurring fees and what client work they're associated with, especially if a client leaves mid-cycle? Link
There isn’t a perfect answer here, besides the importance of explicitly outlining every scenario in the engagement letter. Some firms bill throughout the calendar year & it covers the tax returns filed the following year. If a client leaves mid-cycle, the engagement letter should specify whether they’re entitled to a refund for any portion attributable to work not yet performed. Include examples in the engagement letter to make this as clear as possible.

Will AI actually reduce the volume of work accountants do? Link
Did computers? Did tax software? Did electricity? History suggests people may just find more work to fill the time. The speed of AI advancements could be disruptive if they happen quickly, displacing workers faster than they can reskill. Since most accountants today don’t give themselves permission to work less, it may take more than AI to get them to clock out.

😍 From The Community

My private peer networking community Realize for firm leaders, and it’s now reached its cap of 500 members 🎉

▮▮▮▮▮▮▮▮▮▮▮▮▮▮▮▮▮▮▮▮ 500/500 members