Liz Farr’s Post

Mike McCarthy, MP of Hancock Askew & Co., LLP & Co, shares how values, culture and a strategic vision drive success in today’s competitive accounting landscape. His emphasis on adapting to new tech, embracing niche services and fostering a collaborative "you-first" culture highlights the importance of resilience and relevance in accounting. Discover more in the full article: https://lnkd.in/gdpKmgRt #GrowthMindset #CultureMatters #FutureOfAccounting #TechInAccounting

Is now the time to start thinking about scaling your accounting firm? This is the first of many questions that accountants face when it comes to growing their practice. Our president, John Graziano, CFP®, CPA, PFS, goes over "5 essential steps for scaling your firm." Learn how to set clear goals, package services effectively, streamline processes, invest in talent, and expand offerings to meet client needs. Scaling your firm may be challenging, but it's not impossible. Dive into the full article on our website to unlock expert insights and strategies for sustainable growth. https://lnkd.in/eiGcXs52

CPA firm owners, imagine a firm where: Workflows run like clockwork ⏰ Team members collaborate effortlessly 🤝 Clients rave about your service 🌟 It's possible! Our latest blog "Conquer Chaos with Streamlined Processes in your CPA Firm" offers a step-by-step guide to: Identify broken processes Implement effective changes Foster a culture of continuous improvement Seize this post-tax season opportunity to set your firm up for future success. Start your transformation today! #CPAGrowth #OperationalExcellence #FirmManagement https://loom.ly/F-twVTc

Who said accounting has to be boring? These 30 fantastic firm owners are flipping the script and bringing personality to the profession 🎉 From navigating busy seasons like pros to sharing the secrets behind seamless workflow and firm management, these leaders are making the world of accounting fun and relatable. To read the full list, click the link in the comments. 

TEDIOUS WORK IS VALUABLE WORK!!! Why my teammate Daniel McCarthy, CPA, CFE, MBA, M.Acc Called me Out? When I called back office Accounting, Finance, Legal and Tax the "Boring work". He did it out of love for our craft, fellow CPA's need to stick together. And corrected me that it is just "tedious work". But also because he knows it drives business #profits and #exitvalue. That is valuable for both the #operators and the #investors. Why take the time away from the excitement of growing and selling sweet leaf to focus on back office? I get asked this question in many different ways from business owners. And i am sure my other CPA/Finance Processionals serving the cannabis industry have had it as well. (thinking of you Rachel Wright, CPA, MST, Melissa K. Diaz, CPA speaking at MJBiz, Erica Sloan CPA, CFE, MBA, FMVA, CGMA, CCCP,) Looking forward to crossing paths with yall at MJBiz. As business owners we prefer to focus on New Sales and Sales Fulfillment. I know this because I am this way. That stuff is fun IMO. Back-office tasks and responsibility can feel a bit monotonous and dull. It is not that fun to review the AR Aging and AP Aging each week. It is not that fun to review Inventory Turnover each week. It is not that fun to use a detailed by day checklist to close your books each month. It is not fun to have a budget to actual analysis conversation when the business continues to not hit their #'s. My teammate reminded me financial statements, SOP's and internal controls aren't just documents. They're survival tools that help keep business profitable and able to exit/sellable. Keep clients compliant = Tax Strategy + Paying Taxes + with Bank + With Sources of Capital. Prevent cash emergencies = Cash Flow Analysis each month. Plan strategic growth = Capital Management. Structure profitable operations = Budget 2 Actual Analysis each month. Raise capital when needed = Due Diligence is easier with audit trail + GAAP Fin. Stmt. We find this stuff a lot of fun to do for our clients DOPE CFO Certified Advisors/ If you are a CPA or Finance professional who finds the above valuable and is canna curious please reach out to Kristi Vaneé Kem or Andrew Hunzicker, CPA Founder of DOPECFO We are looking to grow in some key markets of NJ, PA and CO. New Jersey Society of CPAs Pennsylvania Society of Tax & Accounting Professionals Colorado Society of CPAs | COCPA

🌟 Are you struggling to attract Gen Z talent to your accounting firm? You're not alone. Many firms worldwide face this challenge. But what's the secret to drawing in the younger generation? 🤔 Gary Vee breaks it down for us in our latest webinar clip. The key? Communicating in ways that resonate deeply with them. Don't miss out on Gary's invaluable insights! 👉 Watch now and discover how your firm can attract young, dynamic professionals. #Accounting #GenZ #TalentAcquisition #GaryVee #WebinarHighlights

Transforming from a traditional CPA firm to a forward-thinking advisory firm is not merely a change in services offered but a significant shift in mindset and operational strategy. The transition from CPA firm to advisory is about more than expanding services; it's about embracing a new identity that reflects the full breadth of your firm's capabilities and the depth of your commitment to clients' success. By leading your team through this change with enthusiasm, compassion and curiosity, you will help your team feel included and valued as the firm expands. https://hubs.li/Q02nnw9V0

There's a lot of firm consolidation that is driving the need for efficiency in the accounting community. Pressure from larger firms, private equity, and rising costs is leading to a much greater demand for change, faster than most accountants are used to. This is a really interesting perspective on how business is changing with more data and more outside pressure. #accountingandaccountants #culture #growth

There's a lot of firm consolidation that is driving the need for efficiency in the accounting community. Pressure from larger firms, private equity, and rising costs is leading to a much greater demand for change, faster than most accountants are used to. This is a really interesting perspective on how business is changing with more data and more outside pressure. #accountingandaccountants #culture #growth

My accounting firm didn't need more partners as we grew.  But most firm owners think they need more partners as they grow. When growing your firm:  ➜ Consider a corporate model  ➜ Growing a leadership team  ➜ Build an inspiring vision and purpose  But here’s the thing:  Transitioning from being a technician with a team to being a business owner isn't easy. Why? Because there are not many examples of firms doing this. It's not something we are taught. What I learn from running a 50+ person accounting and financial planning firm with only 1 owner:  ➜ You can build an accounting business that doesn't need lots of partners  ➜ You can hire technical experts that can give high level advice like a partner would ➜ If you have the right organization structure, growth is not a challenge  ➜ You can pay your team above industry salaries Running an accounting firm can be extremely rewarding.