35 Burst results for "CPA"

"cpa" Discussed on Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change

Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change

05:15 min | 3 months ago

"cpa" Discussed on Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change

"I think what's always been our one of our strengths. And certainly what. Our cpa alliance partners appreciate us as well. Yeah that makes sense. It seems like different from many of the folks you've interviewed on this podcast series and also that we work with on a daily basis that of integrators moved to launching their own are a hybrid was more about the pull of the opportunity. It was the chance to scale the business differently. Take it national expand the cpa program. It was more about that. Rather than some of the internal frictions that some might feel with a limited products that or feeling like they couldn't serve their clients the best of their abilities. Am i reading that correctly. Yeah well said. And i think that dan sullivan has a fantastic line. He always says that is your future always has to look more or be more excited than your past and so if you look forward over industries morphing towards being more are a focused and so yeah there were no frictions are issues there. It just that we knew that gretzky line where the puck was going in. We just felt that by having control of our own destiny making our own decisions on behalf of our advisers and cpa alliance partners that that would put us certainly in the best position going forward absolutely to let's pivot to what i think is the star of the show this. Cpa referral program. Can you please explain. What makes it such a success at your firm and how you're able to do it at scale when i think a lot of advisors have attempted to cultivate even just one or two solid. Cpa relationships what's been the recipe to turn it into a hundred plus cpa firms that are actively referring business and adding to your firm's organic growth could honestly spend hours on this topic. So i think to to give your listeners. A couple of quick tidbits here for us. It was just about being patient in understanding the as environment and understand what motivated them but three words. I use all the time. Harris firm would be words vision capabilities in reach in. So if you truly want to understand why the program works for us and maybe not for others. It's inside of those three words. And so we had a very strong vision back in the mid nineties and we recognize that accountants would most likely not be in a position to offer complex fee based plans to their wealthiest clients. And so so we had that vision and it was very solid in that mike tyson line. Everyone has a plan to punched in the face. We got punched in the face of bunch of times. We learned a lot of lessons but our vision was so strong that we never deviated from it. And so that's one important component there. Where if you've got the right vision. You truly believe in it as a leader than it was my job to really drive forward and ignore all the problems and then i think it's capabilities and so once in the division capabilities in reach which i wanna give credit to came from a gentleman named dean jackson. Who's part of my study group and so in dean through those out. What the word reach means is reaches is the people we can talk to..

cpa alliance partners cpa alliance dan sullivan gretzky cpa Harris mike tyson dean jackson
eComm's False Equivalency For CCPA & GDPR With GetEmails Founder/CEO Adam Robinson

MarTech Podcast

02:40 min | 3 months ago

eComm's False Equivalency For CCPA & GDPR With GetEmails Founder/CEO Adam Robinson

"For anybody who is new to the podcast and hasn't read the hundreds to thousands of pages of regulations. Walk us through the cliff notes. Version of what. Those two pieces of regulations actually say. So they're both about disclosure to the consumer of data that's being collected about them. They're both about setting up infrastructure that allows the consumer to see that data setting up infrastructure that allows the consumer to have that data deleted. And that's kind of above all else the spirit of both of them by the way marketers. I'm sure shake their heads. The sort of ops people the way that all of that was decided by the governments that it had to be achieved. It's just huge infrastructure pains in the acids right so everybody went through that. Gdp are and a lot of the stuff that you had to go through on that side of things on the disclosure side of things was the same for ccpa where there's a big difference is gdp. Art is actually a consent for first party data collection on the internet policy. Meaning it's opt in period in order for anyone to collect data on a european citizen. You must have a first party. Opted to collect it to use it what that is simply not the case with. Ccpa in cpr in cpr is just like the second sort of evolution of cpa is not in optimum for data collection policy. It is opt out policy. The consumer has the option to opt out of you collecting their data. But it doesn't touch. This issue of optimal marketing does not touch this issue of opt in to sort of have my data shared. It doesn't touch that stuff at all so listening to what our service does which we basically pass our customers plain text emails of people that visited their website but didn't fill out a form. A very common reaction is while. How is that legal in the weeks. Explain that is legal. I can't spam sanderson people say well it's definitely not ccpa compliant well. It actually is if you make the appropriate privacy policy changes on your website for most people what they did to be compliant with gdp are suffices in by the way. I'm not a lawyer so this is not legal advice. But the biggest difference between the two and the biggest confusion. I see people making is the assumption that since gdp are is opt in in ccpa is the gdp are the us. We have to do the same things that we did for judy. Pr we may not have made the changes for for us audience. We have do the same things for our. Us partner website. It's just not true.

Ccpa CPA Sanderson Confusion Judy United States
"cpa" Discussed on Scale The Podcast

Scale The Podcast

03:59 min | 4 months ago

"cpa" Discussed on Scale The Podcast

"Insurance brokers engineers. Shauna says it's okay. Let go do this their their mind. More risk burst friends. you know. they don't want to make new new step happen. Okay cool so you've learned a lot. let go earlier. you've had a great experience. What do you think the future of your businesses can look like now that you've hired virtual professionals and i'd be remiss if i didn't ask the. Cpa how much. This is dropping to the bottom line because actually probably know that question of so. Yeah what's what's in winston store for the future and then what do you think your return on. Investment has been you know having virtual professionals sore. I would say you know for the future going forward. It's really helped us to focus on the value added activities of our professionals Getting out of the the kind of slug of some of the administrative tasks A really focusing on client service listening to our clients about what their needs are not just doing the compliance of the business but being proactive in especially in our industry with there being so many changes here recently with a tax law and You know what all these legislative changes associated with covert relief. We want to make sure that our folks have time to really digest that so that we can be trusted advisers to our clients Having some of those routine tasks that are done and we know that they're done in it's consistent is Really helps us to focus on those things from a bottom line perspective. I don't know if you mentioned this to your to your listeners but We started with the thought of bringing on one. Vp ban in january in ultimately decided based on the value that we were getting for the skill set to bring on to at the same time. and looking at the task in what they've been able to accomplish in the last six months That same skill set would probably cost us about sixty percent more. So you know we talk about bottom line and just utilization were able to pass that investment on into our our business and invest in some of those those technology upgrades that we we desperately need going board love it. I love it. And i'm curious are the employee retention credits part of your strategy going forward and i'm asking crazy questions because i i my cpa told me about this. And i was like we get credits. This is amazing. And i just while. And that's that's definitely an one of those things that that's available we you know we have to consider how we've been impacted by shutdowns. Cpa firms are those that have been essential employees so our folks have actually been working more through this rather than less. So you know we we consider that but employee retention credits are definitely Out there for business owners who've been Disrupted we have a number of clients that are religious organizations. they've been completely shut down You know certainly those that are in kind of like the health and fitness industry have been really you know significantly impacted in these retention. Credits are definitely Right on time for them. So yeah sure wanna thanks for being here today really appreciate your time my pleasure best to you thank you..

winston store Shauna
Britney Spears' New Lawyer Files to Remove Father's Control

AP News Radio

00:48 sec | 4 months ago

Britney Spears' New Lawyer Files to Remove Father's Control

"There's no action in the Britney spears conservatorship case Britney spears new lawyer is taking up the singer's old concern that her dad be removed from the conservatorship that is controlled her life for nearly a decade and a half the new attorney Matthew Rosen guard has filed paperwork in Los Angeles Superior Court seeking to oust Jean spears and replace him with CPA Jason Rubin the filing says the current legal arrangement is both toxic and no longer tenable it also says if spears dad genuinely loves his daughter and has our best interest at heart he would willingly step aside that move is supported by Britney's mom Lynne spears says in a declaration supporting the filing that her ex had microscopic control over her daughter's health care and business interest I'm Oscar wells Gabriel

Britney Spears Matthew Rosen Jean Spears Jason Rubin Superior Court Los Angeles Spears Lynne Spears Britney Oscar Wells Gabriel
"cpa" Discussed on Optimal Finance Daily

Optimal Finance Daily

01:46 min | 5 months ago

"cpa" Discussed on Optimal Finance Daily

"I don't look at renting as wasting money. You need to live somewhere. And typically your primary residence isn't a good investment anyway. Our next question comes from nikki. Who writes. I started a small side business very small but rewarding for me nonetheless but after listening to episode fifteen o nine. I do wonder if all need to make extra tax payments. What advice or resources can you share about finding a cpa to help with tax planning. I've heard about websites in previous episodes that relate to finding certified financial planners but. I'm not sure if there's something similar for cpa's hi nikki. Great question and congrats on starting your side hustle. I was in the same boat as you when i started the economy conference. I wanted to find someone that could help with the strategic planning side for taxes and not just tax preparer. The first thing. I'd recommend is start with people you know. Do you have anyone in your network who you trust who has a small business and his happy with their. Cpa the first cpa. I worked with came through a recommendation from a new acquaintance of mine. Not someone. I knew very well that ended up being a disaster and i really paid for that mistake my currency. Pa was recommended by someone. I got to know from a local choose fi group. And if you're not familiar choose. Fi is a popular podcast about financial independence. They have meet up groups and most major cities so you might wanna check facebook and see if there's a local choose fi group that can provide some specific recommendations for cpa's. I know that probably sounds like a cop out to your questions since my answer is go as someone else but every good service. I've ever used whether it be a plumber. Cpa excetera has always been recommended by someone..

nikki cpa facebook Cpa excetera
Best Value Plays for the NBA Finals

Behind the Bets

02:56 min | 5 months ago

Best Value Plays for the NBA Finals

"I want to touch on the nba no guest for the nba finals discussion. And we've done that throughout the postseason. Basically i wanna touch on a couple of things that stand out to meet the honest injury. Look we all wanna fire and make bets and hopefully win money on these big events right whether it's the super bowl the nba playoffs stanley cup. You name it but sometimes there's just not an edge and i just think it's too difficult right now to lay the series price of two dollars not knowing exactly what we're going to get with honest and when we're gonna get jaanus to return all signs point to his being out tonight for game one but willie return game two or game three. How effective willie b last round. We saw trae young return. And frankly i probably would have benched him in game six in the fourth quarter. At least he just wasn't that effective wasn't the usual stellar trae young. We were used to seeing this postseason or is it like joel embiid. After missing the second half of game four in the first round then missing game. Five sixers beat the wizards he. He came back from the injury and he was just managing pain more than anything. He was still dynamic. Not quite the same. Didn't have that dunk that. He said he could do it. One of the end of the one of the games. I believe it was game four against atlanta but nonetheless it just wasn't the same embiid but it was close to so if you can tell me exactly like how big of a percent how close to one hundred percent. We're going to be honest then. I can come up with a firm play in terms of the series price. Game one for me. No real opinion. It's already baked in the line. Honest isn't gonna play it. Let's say he's out officially might go from six to six and a half if he's miraculous you're gonna play maybe goes to three from the minus six just because it won't be one hundred percents so it's really tough game one favorites in the nba finals. The last fifteen sixteen years fifteen in one straight up fourteen to two. Ats now that's just a trend but sup denote given the sons at home court. I think they're going to win the series again. Don't wanna lay the two dollars. I think we're seeing a very loose milwaukee team that finally got over the hump reach the finals. They've been playing really tight. The last few postseasons especially this year. They were really tied against the nets but did get the w. thanks to kevin durant shoe size and game seven enabling the game to go to overtime and obviously outlasted atlanta thanks to couple injuries but both teams have benefited but nonetheless. They are here. No asterix whatsoever. At all. In my opinion. I just think if the only play i'm making a cpa three to win the mvp at plus one eighty to me. He's going to get all the difference from the voters if the sun's win at all thus booker or whoever else maybe eight and but book is really the main competitor. He has to put up astronomical numbers and for the sons doing. I just think c. P. three's going to have to have a stat line right. He's going to have to have double digit assist and a few games. Put up some points. I just don't think booker's capable of just having monster monster monster games in the four winds. So i think if it's remotely close. I think it's gonna go to chris paul because the leadership and all the other narratives so plus one eighty compared to minus. Two dollars is worth it to

NBA Willie B Trae Young Joel Embiid Sixers Willie Wizards Atlanta Kevin Durant Milwaukee Nets Booker Chris Paul
How to Exit Your Small Business Rich

The Small Business Radio Show

01:45 min | 5 months ago

How to Exit Your Small Business Rich

"Do you exit your small business rich here to guide us is sharon lechter. Who's an entrepreneur. Author and chartered global management accountant with thirty five year career. Experience that a licensed. Cpa and a lifelong advocate. She's the founder and ceo of pay your family first financial education organization sharon authored the international best seller rich dad poor dad and it's released fourteen other books in the rich dad series shares. The author of a new book called exit rich. The six pm method to sell your business for huge profit sharon to the show. Thank you so much. I'm so happy to be with you today. Thank you so. I think a lot of small business owners start companies because they think they're exit rich but so many of them don't how come i think it's mainly because they don't take the time to understand how to build the foundation around the business. They they get initial success. They get all excited and they end up focusing on profit and sales without building that structure and foundation. You can't build a house without going down i to build a foundation. You have to put him electric and plumbing. Same thing in your business you hit in order to take your successful business and make it sustainable and scalable eventually salable. You have to put in those business systems after. Identify your operations. How you're doing identify your competitive advantage intellectual property and protected and so those are all the things that we've outlined in. The book is how you can identify that hidden value that you have in your company and put that structure in so that you create an asset too many business owners own a job not

Sharon Lechter CPA Sharon Rich
Solving the Pricing Problem with Stephen King

How I Built It

02:03 min | 7 months ago

Solving the Pricing Problem with Stephen King

"I want to bring in our guest today. His name is steven king. He is the president and ceo of growth force. And we're gonna be talking about solving the pricing problem today steven. How're you a great joke to be here awesome. Thanks so much for joining me. I've got to say right off the bat. I'm sure this is the first time you've ever heard this. But my wife saw stephen king on my calendar and She was like what it's like for the first time today. Definitely the first time today. Perfect awesome well. Thanks thanks so much for for joining us today. I'm really excited about this. Because i i've been Self employees that freelancing since high school and pricing has always been such a hard problem to solve. I think a lot of people kind of Under sell themselves probably. They're worried that they're gonna charge too much. And then they'll lose business and things like that but we're gonna get into all that and lots of cool stuff I have in our notes but first why don't you tell us a little bit about who you are and what you do. Short growth force where outsourced bookkeeping accounting controller service for companies that use quickbooks. That are worried about getting accurate data to make decisions. They're are frustrated because their financial statements are. They're not on time. They're not accurate not meaningful right. They're not actionable looking backwards. Not forward and and they're frustrated. They're they're upset because they work really hard. And they're not making enough profit and so growth for us donna. Cpa for thirty six years. We do all the traditional things you would expect the bulky things and accounting and a controller do that was different is we do management account. We're trying to help you make data driven decisions and be able to increase your prophets. That's why it's called growth. Force not stephen king. Cpa's we're inst- designed to be able to help you live that american

Steven King Stephen King Steven Donna CPA
Podcast Sponsorships: How Much Should You Charge?

Podcasting Q&A

01:37 min | 8 months ago

Podcast Sponsorships: How Much Should You Charge?

"In today's episode. We are going to help you determine how much you should charge for. Sponsorships welcomes podcasting. Hugh where you learned the best tips and strategies to launch grow and monetize your show. This week's question comes from meaning. Hey this is mainly the motivated. Your motivators favor motivator. Host of the guy motivation show and my question. Today is in regards to monetization. So i know we have the outlets and opportunities to get sponsorship but when we have to pitch the amount that we are charging for pre roll mid roll whatnot. How do we decide on how much that part i am completely confused about. Thank you thank you so much for your question mimi. For a lot of people podcasting is a passion project but for many others. It can be a source of income. We're talking monetization people so we are going to explore how to set your price for ads in. Today's episode phillips discuss how rates are determined. Industry standard is c. pm cost per mille and mills just a fancy latin word thousand essentially. It's how much potential sponsors are willing to pay per thousand downloads. A podcast gets this. Pricing structure works best. If you have a larger podcast that a significant number of downloads. Another great pricing structure is cpa per acquisition. And this is a good structure if you're maybe a smaller podcast but you haven't amazing engaged. Audience you in a potential sponsor negotiate on like a finders fee. You run the ad. After the ad runs they'll give you basically like a kickback. for halloween. people signed up or purchase the product if you're familiar with the world of affiliate marketing or those fun little swipe up ads on instagram. This is that

Hugh Mimi Mille Phillips Mills Instagram
Kotlin Multiplatform with John OReilly

Talking Kotlin

09:04 min | 9 months ago

Kotlin Multiplatform with John OReilly

"Regarding a desktop and service. what did you start in. Like what technologies were using so simpson so as deputy so. I wanna finish college in one thousand. Nine hundred started with sort fulltime masters speech recognition. You're using your wall things back then. That was sort of. You can do that about sums watching the cotton. Dl talk yesterday. Where a couple of lines of code can do that. But this writing everything from scratch in c in terms of audio processing fifties and and i've been never confronted themselves and there was there was a need for something. Kinda graphical and i don development for awhile and answer. Windows three came out. I think you're on june nineteen ninety and i So cool your concern dusen. Windows graphical is from speech patterns. And mike you're next so forth down again more chance occurrences a low company was starting to do windows and said hey you know obviously not too many people doing that stage said hey. Join to join to join us so i saw that again. That's what started the decade of doing windows see transitioning cpas plus windows. St kfc com hiram. It's funny because obviously was been toying with a proposed for desktop right now sort of i don't know what you call it control back. Go throwbacks ecstasy. That's what's what's old is new again. So when when did you. When did you actually start with With developing kotlin than so. I'm trying to was the announcement. Okay oh in about five years ago now. Is it a country member. anyway there was a natural icon. I you know to be honest. I hadn't i know a lot of people being aware columnist stage. And we're very excited about it. I i was a little bit in the dark. It wasn't something new to me. I haven't even wear and to another coin spos- as in most companies. We probably weren't in a position to start using cotton straight away. You know And i have had. And i have an obligation to restore cocoa puffs. It's actually it's an aug project hasn't up hope people's find somewhat useful. That actually does but for me. Personally i use it i e kind of overloaded somewhat in terms of as a pop from try technology so when the under doctors coronas came up first of all Used to try goes out. And then went. Kalkin emerged start reggie microsoft katainen and similarly montecot from down the road and And then you know as is frequently. The case trying that out. There then became a platform. Say okay now in the workplace okay. This looks interesting. Let's start to use his here and then shortly after that. Then maybe down. The road asked announced. Maybe we start to use it working and we start to use a gradually in africa project and we ended up doing a for various reasons. We did a company rewrite of our project and we started from the ground up dan with cartoon or katelyn underdog extra bonus cortines and so forth. So so is this your first multiplatform project or not so does sage. i wasn't using work. Under gorbachev sort of had supposed to give you know a little bit more brought on their. You know like this. Be working on mobile for eleven years now and i guess over time like many of us you know we would have source accession cross platform. I guess there's always sort of cross pot from monty python but cross platforms kind of sounders. Right once so reproaches. The dab senator in reactnative approaches. And you know over the course of various projects in the previous companies in new product. Monday or somebody coming in that. Have read some headline. This allows you to do everything in one place all your code face. We don't need to have all these separate irish and each time you took sort of had to move. That weren't approved was an us. Disapprove that dickey. We're gonna do competitions. And we had to prove that this wasn't suitable for the type about. We were developing this platform. it's christians. We needed an end user experience. We need But i'm saying that is supposed as a segue to you know I guess what come interesting monte platform. Because when i when cosimo mantra was aware of it i think we're not to those nineteen towards the end of that. It's sort of immediately struck me as okay. This is a pragmatic saint approach finally to the sharing of code across multiple platforms mobile. I've been involved by the way sort of number of initiatives over the years for free. Willion superstars shared code into office. Which is at least somewhat more sane approach but. I don't know if you guys have worked with john. I had to work jay. You know unfortunately goldstone feel like. That's one of those topics that if you can you usually avoid it. I guess yeah if you can avoid using it as well as we various we had to use it in their practical use. And it's one thing using stateless knight ridder touch it can function as in which you maybe media engine i. I just wanted to say on the topic of jane. I think this is. This is going to become a bit more interesting again now. Also with With all the topics around compulsive for desktop because of a bunch of lake system integrations. I dunno things like global hot keys or stuff the. jvm just doesn't really expose. so i think some some of the people at the forefront. They're wanting to write libraries. Yeah they might might have to go that route anyway. Yeah you know if if you're using it. I robot michael state library that district district functions wanting using your compete shared logic with the framework with the training involved with life cycle aspects. Dot is a different story completely debugging crush reports of So haven't gone through. That in us was having seen the sort of attempts sort of pulling in pushing us towards cross. Platform frameworks cottam. Okafor's was immediately. You know the caught cartoon. The cartoon obviously was an advantage a positive from my perspective but more generally i think it was a sane approach it was targeting shared logic target. Had kind of a mechanism in place where you could sort of. This is critical. You could incrementally adopted you know you start putting in for some small area. And i think that generally by today's still is that you start doing that in you take some particular business. Logic may be may be remote. Api endpoint access or so forth and then graduated up from there. And you know there's another kind of a discussion point around how you socialize that how you get in particular iowa's developers interested in an accepting of the but it's the topic himself but certainly certainly from that perspective. At least i think it's very important. Start small and and as the key thing about the type forums. It appealed point was that it had that capability that it it was lended itself to that sort of adoption. Yes so so just to kind of to recap your point. You feel that the that the main difference between cartland multi platform and these other cross platform. Toolkits is is what exactly that you can adopt them. Incrementally that you that you stay away from From what part would you say is kind of the most interesting here. This quite a few different aspects. I think cutting across different areas You know on one hand. I think If you've been involved in from at all you're very kevin gallagher and sort of pre advocates in and you know of this for some time and i think he did. He described it as a sort of perspective risk management as well. You know you're trying to you're trying to avoid locking out upsetting kita one key differentiator. A there's a. There's a number of them. I think but won't different areas. If you decide to use react native reuse flutter or use a variety of other coaches that have been there over. The years is a song that amount of of and and you know it's an all or nothing sort of approaching the with with commodity farm and it allows you to manage. You know you. Can you can sort of put in graduate. Start using it. Then the flip side of that is this touches on a couple of areas obviously but folks on sheriff business logic as ios an underdeveloped. I wanna use the best of breed technologies ideas get companies. That can when i on on iowa. Sony's combine that we have to frame of their likewise android. Cauchon coatings influence worth and that. That's the key difference here. You know that focus that you know it. I think touches on another area. I think we've got sort of a certain level of maturity culture monte platform where i think a good sign some regards that we've gone beyond okay. This is proof of concept What's it about renown sort of digging deeper into so architectures and different approaches. You can use. And i think this is is little bit as sort of a simplistic way sometimes mentioned quotas just because you can do something doesn't mean you should do something so i think we've be careful. You know it is. Its main sort of setting point is is as focused on shared logic. I see a lot of discussions pushing further up the stack. You know the view model and potentially you you hear in the context composed nowadays. of course. why can't we to compose. and. I think there's a danger to honest. Econ generally too much of a dangerous on too far up and then it just becomes another spot framework. I think our approach in general

Dusen Kalkin Katainen Cortines Cosimo Mantra Michael State Library Simpson Katelyn Monty Python Dickey Knight Ridder Mike Goldstone DAN Microsoft Okafor Africa Kevin Gallagher JAY Jane
The Truth About How to Choose the Ideal Business Accountant with Maxine Stern

Business Confidential Now with Hanna Hasl-Kelchner

07:11 min | 9 months ago

The Truth About How to Choose the Ideal Business Accountant with Maxine Stern

"Startups and small businesses don't have much experience with professionals in the counting field. And that's why. I think it's important for them to understand what a certified public accountant is. What is well. I let me just back up and tell you what a person has to do to become a cpa as you know. There are many people in your community who work on taxes when we think of as the first thing we think of is someone who can prepare our taxes. But i hope. I'll lay out for you so many other ways that a cpa can help your business. There are many other people that can help you if you just need tax preparation but i think all businesses could use the experience. That cpa's had doing their work so the qualifications to become a cpa vary by state. They're generally the same but each state will have the details a little bit differently. I is an educational component their courses that all accountants take in accounting rules and procedures auditing management accounting tax law general business loss finance and very important one in business ethics. And i believe that's a more recent addition to the curriculum because there's been emphasis in the more recent years on having a profession. That's much more honest and open to people looking inside and seeing what they're doing anyway there's an educational component these days in many states. You have to have a master's degree to become a cpa. That was not the case until recently. Now there's also an experience component which varies by state and a national exam and then when a person qualifies by passing all those areas They have to register with their state. Licensing board to keep an active license. You have to renew it annually. And in north i think it's great that Everyone has to do forty hours of continuing education so that it keeps you up on all of the laws and in addition. You have to attest that you've had no convictions. In the court of law and ethical breaches in the past year given that you might wanna hire a cpa. That's what you'll be getting. I'd like to go over the ways of cpa can help you and your business when someone starts business a cpa can be a huge help. If you have an idea for a business or you think of what you wanna create one of your first conversation should be with a certified public accountant as many of you know everyone really needs to keep track of the business finances but there are many other ways that the cpa can help you first of all along with an attorney the cpa can help you. Think about the best structure for your business. That is whether you want to set up a limited liability company or a partnership or a corporation and the cpi should have experience so that he can he or she can say well. If you set up a partnership these might be your problems down the road or if you set up a corporation. Are you sure that this is what you wanna do for the future of your business. So that's a very interesting conversation. And once you decide that the cpa can help you in making a business. Plan particularly the Financial analysis because of that very important to figure out all aspects of the startup of the business and projecting the business into the future. So i would really recommend that. And then the cpa can also provide you with advice on the type of accounting software. You might want to have in your business and when you decide on a cpa. It may be important to have a conversation about whether that your software will interact with the one that the cpa's firm uses so that tax preparation will be quicker and more accurate and much cheaper. That's a very important thing to decide right in the beginning. Of course when you start your business you have to open a business bank account these. Cpa can help you in the business. Make sure that all of your procedures for your money. And for their revenues coming in and the expenses going out are set up so that they'll be easy to track and so that there's set up in a way that minimizes the possibility of fraud because the business owner is usually not the one who has his or her hands on all of the business procedures for example payroll for example paying bills and in the accounting world. The procedures that will help you protect your assets in the business are called internal controls and so if a your procedures is set up in a particular way it makes it much more difficult for anyone handling finances to steal the money of the business. I know that you go into business. You don't think about that. You don't think about an employee or a friend of an employee taking advantage of the good business that you have but this is very very common particularly in small businesses. When you have a one person performing multiple roles. I just think it's extremely important in the beginning to have a cpa. Just look over what you've set up and give you some pointers pudding that extra time and money into setting up business might help you protect thousands of dollars

CPA
How Canishiea J. Sams Is Changing the Nail Art Scene

Side Hustle Pro

05:41 min | 10 months ago

How Canishiea J. Sams Is Changing the Nail Art Scene

"How long were you booth renting before you decided to create your own spot. So it's crazy. I was booth renting at two different salons before i got my nail studio which is like basically a room that i pay monthly on but it was like my room so before that i literally was like in open space like basically what she would call like the like when you come into a salon a greet you forgot what that spot is caught. But i was working in like open spaces like around everyone and that's not ideally. Want it but i knew like i'm going to have to start somewhere. It can't just be like what i want. And i taught me like a lot of like what i do like. And what kind of vibe and energy. I want for my space. So i think i worked boof raining for about two years before i got a nail studio and that was amazing. It was like my other studios have walls. I finally had a walls in door and it was amazing and i created the ambiance. I wanted and it really like my clients come in. They're like smell the central oils. She got the erica about do plan like just like i wouldn't switch that up on just like this is my vibe and i hope that attracts people that wanna see me. What other steps did you take. You know now that you have your own studio at this point did you formalize your business by incorporating or just officially make yourself a business so you go through a process of like state board you get establishment license. You get a tax business tax license. You pay your yearly fees has a manicure is and you know you. Get your your. Cpa like tax person. So you go through those little steps you get your insurance for your room. But at the same time. I was in a studio building with other people who are running their businesses. So next to me. I had exhibitions that working in their studios also so it was like a shared space but everyone had their own room. I've been to a space like that before. And by the way. I think that business model is so smart sleeper smaller super smart rather way everyone licensed. And that's what when you're going to these new very important. What was that investment. Like as you know a young mom going into this point. Was this something where it was. Easy peasy to pay for or did it require serious serious saving like. Can you tell us ballpark. What was that investment like. How did you prepare for it. The investment was steeped in a sense of like like me and my husband were in college or broke college when we decided like okay go to nail school can she so. My husband actually like i don't stay. I don't sell everyone to do this. Because i'm not a person about getting into debt for your passion but my husband put my nail school like half of the on his credit card and i was like. Oh man like it's official so we gotta do this and that's real that israel. Thank you for sharing that. We're not giving financial advice on this. Podcast everyone just disclaimer here. Okay exact all we're doing is sharing what people do all right exactly so we. It was expensive because of the type of nail art in the supplies. Like you have to make a major investment in yourself to kind of start out like nail school. They don't give you any of these things. It's basically like their sanitation in like step by step like how to keep your clients safe basically. But they're not teaching. You now are any of that stuff. I picked up that along the way so a lot of it was like investing in the best materials and stuff. So i'm pretty sure like it was in the thousands like lease up to seven thousand of just like you get one thing and you get the lap and then you get the product line and then you gotta start getting buffers and files like things that you constantly have to do. Maybe taking classes But a lot of things. I learnt on my own just through like practicing but a lot of it was like i did not know previously to going into like nails that it could be so expensive. I people think it's just polish in the site. Oh my god it's five million items so let's look at those early days of being a business owner. How did you balance the juggle of personal life. With being in business for yourself and the ebbs and flows of business. It was hard. I'm not gonna lie like it was really hard trying to figure out like my space my like my place in this industry at first you know Because it was like. I just moved to a new city and now those work like in our new cd. We didn't have much family. It was just like my uncle here so it was just like a lot of just like growing pains really beyond his and like the first two years of me like blueprinting. I wasn't necessarily super taking care of myself like when you're in the salon space you like gogo going. You're lying you like starting out so you take whatever incense your schedule's like hectic so i will work like evenings. My husband would get off work because we didn't have childcare so it was just like whenever like he worked during day and i will work in the evenings at night so i missed a lot of like saturday like sunday. Type situations a lot of dinners because we have opposite schedules so it was like really hard. And then it got to a point where i have to establish a set schedule my boundaries just for mental health purposes. And just like sanity like it's hard to separate your business in your personal life when they're very intertwined like that but it was so necessary in once i did that begin to like really enjoy it a lot more.

Erica Israel
The EU doesn't trust its citizens data in the hands of the U.S.

Marketplace Tech with Molly Wood

05:04 min | 10 months ago

The EU doesn't trust its citizens data in the hands of the U.S.

"With all the big crises facing america. It's surprising to privacy. So high on president biden's agenda but in his first week in office he already appointed someone to negotiate with the european union on how personal information is moved between europe and the us last summer that you said the way data was being sent to. The us was insecure. In august ireland's data regulators told facebook. Stop transferring its citizens data out of europe. The issue is with the irish high court now. In december facebook argued that court that to stop data transfers would have quote devastating and irreversible consequences for its business and this rule would obviously impact all kinds of commercial data and companies. It's also obviously a big deal for the new administration. Jessica a partner with the law firm loeb and loeb prior to twenty twenty. Let's say we had something called the privacy shield in effect and that helped us transfer data from the eu to the us and then over the summer. July twenty twenty. That was struck down. It was found that because of some of the surveillance operations of the us certain executive orders and laws we have in place that the data of eu individuals when it comes here essentially is it held to the same privacy standards as they are in the eu and the privacy. Shield wasn't adequate enough to protect it so that left a lot of us in the privacy community scrambling toward the second half of the year trying to figure out. How do we keep data flowing across the border right and that was a big deal to american tech companies right. I mean they were saying okay. Well look if we can't share data back and forth. We're not going to be able to operate in some of these countries right right. Exactly and so yeah. We've been looking for two things. So one is standard contractual clauses of companies have kind of defaulted to that but even those shaky ground and are being revised so. I think everyone was hoping that we'd find some solution. Some post privacy shield path forward with the eu. But that was difficult. I think what the previous administration will and so now we actually have someone in this role early. What does that signal to the rest of the world about the position. The us might take on privacy. I mean i think it signals a couple of things. I on privacy. I think it it signals that the biden administration understands the importance and the significance of the issue. And the need to kind of have these kind of crossborder cooperation In place and so. I think having someone christopher hoffa was appointed to this position really signals at. They're going to take the seriously and then take the steps that might be needed on the side of the us to make the comfortable with these data transfers. More broadly what sort of issues around. Privacy and surveillance do we expect. The biden administration tackle. Is there a chance for federal privacy legislation at long last. I've said that. I have moved from just mostly pessimistic to now moderately optimistic and that was really push forward by what happened in georgia so now with one party control all houses i think the path forward seems a little bit more clear and you know to keep in mind that biden and then we also have comma harris. Who formerly was attorney. General in california where she pushed forward a lot of significant privacy legislation. That's still impacts a lot of us today. So you know between the two of them i think this is an administration that has a background and understanding of the importance of privacy. And you know we have to deal with the pandemic. I but i anticipate privacy being a priority for them. Yeah i mean as a you mentioned by president. Kamala harris as a presidential candidate. She said that her first priority with tech companies is to ensure that consumer privacy remains uncompromised. Like is it. Is this an administration. You think that will try to find a better line between a business friendly approach and a consumer friendly approach whereas now it seems to be all business i do i do. I think i think that'd be really sensitive to the consumer issues. And if we think about it. When i look at what's going on in terms of trying to regulate privacy and then more broadly the tech companies it it feels like regulators are trying to chase a ball down a hill. You know it's just like oh. Do we do antitrust. Do we do section to thirty. Can we get some kind of federal privacy. And i think they'll try to take a pragmatic approach that will bridge the gap between the business and the consumer advocates. And from where. I said i think they're really sticking issues with federal privacy. That are left. It's will there be a private right of action meaning well individual consumers be able to sue companies directly. And then we'll they'll be preemption. Meaning that will this federal bill preempt any state laws which is really what business wants because business doesn't want to have to comply with fifty different state privacy laws on top federal privacy. So i think if we can get a path forward on those to all the other points of privacy laws are consumers get writes a lot of companies are already complying with that because of gdp pr see cpa. So we're down to the we're down to the final issues. Hopefully

EU United States Biden Administration President Biden Loeb Irish High Court Europe Facebook Christopher Hoffa Comma Harris Jessica Ireland Kamala Harris Biden Georgia California
Managing Your Money In Marriage During Uncertain Times

Focus On the Family Daily Broadcast

03:10 min | 11 months ago

Managing Your Money In Marriage During Uncertain Times

"Me ask you. You're wonderful husband darnell so often. Money affects marriage. More than almost anything How can we be mindful of how are mismanagement of money is affecting our relationship with our spouse and how do we get in sync with our spouse. Well we're going to have to set some common goals. And that's the fastest way to stop. Because finance is really are the source of contention and most marriages and so we'll say what is our long-term goal. Let me give an example. Let's say one of our goals is just to make sure that we have accumulated at least two to three months of living expenses. Someone whatever we're doing should be driving stories that goal so if somebody's going to run out by some luxury upper end fishing poles. My husband is currently at the fishing example. Here where he is this moment. But you know you have to say now. Is that going to get us towards our goal. Let's let's agree that this is where we're going because how can to walk together unless they agree and so you gotta sit down. Write down and say what's our goal and make every decision. Make sure it's not taking away from your goal. It can be hard but if you really talk about. What's driving yours expenditures. You're gotta find you're going to get on a path to agreement deborah's sometimes that communication can be really difficult in a marriage. I mean you're saying that you're a trained. Cpa and i can imagine it's put a little stretch in your marriage when darnall saying had like this you know this luxury item and you're going honey seriously really and you're giving them that look like you're looking at me right now and i mean so that can either start some friction between you or it's achieving the right goal which is accountability. So how do we make that communication a little easier in our marriage. So it's not abrasive. Well we do it by reminding ourselves. What the goal has been so darn out at me. We know that we're gonna pay ten percent of our income to the church sell. That goal has been met. We know that we're gonna need. We would like six months living expenses in the bank in that sounds excessive in this environment especially with everything being cancelled but we also have a formula. We saw we spend some we save some. Those are three s. When i say we so some we give to others. We make that a priority give to the church and then we know that we save some and darnall reminds me all the time. We can't save it all say all of it and i'm thinking yes but you know i know. They have six months in the bag. But i want to years suppose. We can't work with two years with that doesn't make sense. I know it doesn't win. In my head i have to peel. The onion was causing you to think that you can't trust god that there's going to be such a shortfall that you're going to have to hoard money and so you know you have to be truthful about that and i know them. I was driven by the fact that i had a mother that was not empowered at bothered. That was abusive. And so i saw her not ever have enough money. And i kinda about inwardly that. I'd never been in a position where never had enough money that i couldn't put my hands on money and runaway. If there was abuse so you you have to understand what's driving those financial mindset that i mean that's powerful that statement. The things you learn is a child those Pains end up being your passions. Like so many say. And that's what you're describing.

Darnall Darnell Deborah
Are You Ready to Make Financial Progress in 2021?

Chris Hogan's Retire Inspired

04:44 min | 11 months ago

Are You Ready to Make Financial Progress in 2021?

"This article runs through the twelve steps to get you financially. Ready for twenty twenty one. Obviously i can't go through twelve but you. Vip's are studious. You guys are on the ball and we'll make sure we have the lincoln. There's you can go read the rest of them. But i'm gonna pick out five. Let's take a look at number. One is review your goals the of years a great time to pause and look over your current financial goals just to see where you are with your progress I know this year was tough. But we're not gonna let it stand in the way of us moving forward with our money. So let's look at this get intentional. I've got the network calculator that you're gonna get over to my website And really figure out kind of where you are. How did this year in and again. I know this year was a challenge And this year has continued to be a challenge for a lot of people. But we still need to know where we stand The next one is update your budget. Obviously you know if you don't have one this is a good time to make one Do an audit of your budget kind of take a look. Are there some things that you could cut or scale back memberships. You don't use Do you have leftover money at the end of the month where you're redirecting that So there's a lotta things we can do and again as we start off the year on the good foot We wanna make sure we're being more intentional than ever Another thing end of year. Max out your 401k. If you haven't hit your full fifteen percent yet or you've got extra to invest you can make sure you get that done before december thirty first And remember you have until april to make contributions towards your ira a roth ira as well jay as hsa. We've got some time. So what does that mean for. A lotta people reach out to a smartvestor pro Make sure you're talking to your tax professional and he lp You've got people you want to get in your corner just to start reaching out. Especially for you self-employed. vip's For you you know. Tax time is a is a lot more paperwork in a lot of details grab up. Let's start getting that stuff. Gathered up right. Now you can get that in the hands of your cpa and the your make him or her's life a lot smoother as well as your own Speaking of find your tax return And again this sound can be can sound crazy. But it's just good to make a list of the things you're going to need get that prior year's return began to just details And talk about you know for some of you does a roth. Conversion makes sense. And what i mean by that real quick to not get into the weeds if you had an old 401k That's out there. You could convert that by paying the taxes on it to a roth Again it's a process of understanding the tax consequences having the cash first and foremost and being able to take care of that. So your smartvestor pro as well as your taxi. Lp can guide you in that Will entrust review your I know those things. Don't sound like fine. But i'm gonna tell you something after twenty twenty it's imperative that we have those things in place Really really important And also let me let me tell you this real quick It's important to make sure that you have beneficiaries updated. And i mean that in your life insurance i mean that in your 401k Because hear me the beneficiary designation 401k or on a life insurance policy will supersede meaning it outweighs anything in a will so the beneficiaries that you've established on a 401k. Four five ten years ago. You need to make sure you've got that updated especially if you've had a change of life if you were married If you got divorced if you adopted a cat or had another baby you just wanna make sure. Those are updated So beneficiaries on life insurance on ira's on 401k's these things are imperative. And do me a favor reach out to your parents To make sure that they've got there's updated as well a lot of times people. Sit and forget it with these things and it can just create some headache and heartache. Later a your estate plan needs to reflect those changes And if you don't have a will do get that thing in place It's imperative Some staggering statistic out there. That almost seventy seventy five percent of people don't have a will which means we leave the government in charge of your stuff Did you hear me say that. Yeah you leave the government in charge of your stuff I the government. Can't take the government's i know they will take care of my stuff So anyway let's get a will place But anyway you know we're twenty twenty one. Start off with the right checklist. Make sure we got things in place so we're able to grow forward interesting article again. They're twelve things. We covered five. You can go over to forbes dot com as always. We'll put a link to

Lincoln JAY IRA Headache Government
Can you deduct charitable donations?

Entrepreneur on FIRE

05:55 min | 1 year ago

Can you deduct charitable donations?

"Are i fire nation. We're back in as promise you're going to bring on josh of cpa on fire dot com talk about can you deduct charitable donations very relevant. This time of year fire nation. So josh take it away. The most common questions get this. Time of year is how much will charitable donations. Save me on taxes right. We're getting to the end of the year. People start to look at their money. You starting get those forms in the mail to donate to charities and it's natural to wonder how much less safe will this help on my taxes and for many people especially after the tax law changes in two thousand eighteen. The unfortunately answer is those damn nations will actually save you nothing on your taxes in the past in order to deduct those donations on your tax return. You'd have to do what they call itemize. And this is just a fancy tax term but basically the irs gets you two options on that return eve. You take their standard deduction or you add up. All of their items which include things like mortgage interest state property taxes insurable donations and if that number's higher than the standard deduction. You take the itemized deduction right. There's a deep into the woods air. But that's the key to remembered itemize for standard in two thousand eighteen. They double the standard deduction which means the majority of people. I think the last. I saw something like eighty percent of the people. The standard deduction is better than the itemized deductions which means they don't do anything for charitable donations. But as part of the cares act that they pass during the coronavirus earlier this year congress changed the wall to allow bit more freedom and deducting those donations. So as many of you look at who what and how much to contribute those donation dollars. Here's a summary of how the deduction works. What donations qualify and who can take. The first thing to keep in mind is that terrible. Nations are a tax deduction credit. This means it lowers your taxable income. It is not a dollar for dollar tax savings right so just look at an example if you had one hundred thousand dollars in taxable income. Let's say you have a job where you make one hundred thousand dollars. You donated ten thousand dollars to qualify charity. And let's assume in this case that you itemize deductions you. Don't take the standard deduction those donations will reduce your tax income down to ninety thousand or it's you're paying taxes on ninety thousand instead of one hundred thousand because if you're ten thousand dollars nation they will not reduce your taxes owned by ten thousand dollars right. That's where a lot of people get mixed up. They think all right. I donated ten thousand dollars a charity. I'm paying ten thousand dollars less taxes. Not the way it works. This is very important distinction as you're going to save roughly in this case. Let's say twenty five hundred dollars in taxes. Not ten thousand okay. So always remember. It's deduction not a credit. The next important thing to look at is exactly what qualifies as a deductible donation. Just i gave money to somebody. That's a donation. There requires a donation to go to an actual five. Oh one c. Three right and that's just the term for the irs approved not not for profit organization. This means money donated to an individual or a company even if someone in dire need if you see you have a friend. Who's just they have no money they. They can't survive without these donations. You go give them ten thousand dollars. You're not going to get a tax deduction for that. In fact it could actually trigger tax liability for you as the donor right which we've talked about before the former gift tax so if an organization is asking you for tax deductible donation they should be able to clarify that. They are in fact five. Oh one c. Three in that it will be tax deductible. And if that's the case i should also issue a donation slip either at the time of donation or at year end showing what your total donation is so your church probably does this. They'll give donations a summary at the end of the year. Saying hey you contributed ten thousand dollars to a three year. Whatever it is so if you're donating items instead of cash so close to goodwill your donation amount will be based on fair market value of what you are donating right so if you donated sixteen bags of clothes goodwill you're going to have to do kind of a rough estimate and goodwill should be able to help you out here and say all right. Those those bags of clothes were worth a thousand dollars. And that's what you're deduction will be okay so you gotta make sure that the to a qualified. Irs approved nonprofit finally. What's what's changed with the cares. Act that we talk about well. Unfortunately it's not a huge change but they are offering a little bit of help for those who wanted donation deduction but they don't actually itemize so for twenty twenty. The irs is going to allow up to three hundred dollars right. And i know three hundred dollars woohoo but they're going to up to three hundred dollars in what they call above the line deductions for qualified donations. And this simply means that you can take both the standard deduction plus three hundred dollars donation all right so for the huge chunk of people that take the standard deduction they don't itemize. They still want to donate. They can do up to three hundred dollars in still take a deduction even with taking the standard deduction so again please remember. This is not a three hundred dollar reduction in taxes. It's a three hundred dollar reduction in taxable income which will save you whatever. Your tax rate is on that. So twenty i would estimate. Twenty-five percent of three hundred dollars is what that will save you everyone. They'll be a little bit different. But it's a deduction of credit right so not huge. Nothing that's going to drastically change your finances but at least a nice little bonus for those who want to make a donation but don't itemize so obviously there are far more important reasons to donate your hard earned money than the possible tax. Deductions that go with them. There's plenty of things that look at organic organizations need helping the greater good all that great stuff all the reasons you donate to charity or that does not mean you should not also look to maximize your good deeds and reduce your tax on the process. If you can get both you can get the best of both worlds. go for it thou- steps and you'll be able to get a nice donation to a qualified charity. Need an also take that tax deduction

IRS Josh Congress
The 7 mindsets of connectors

Industry Thought Leader Podcast

06:00 min | 1 year ago

The 7 mindsets of connectors

"To another episode of industry thought leader podcast brought to you by industry thought leader kademi stand out the heard and influence on your highest and recross also known as the podcasting quyen. Now my guest today says the simple truth. Is this connectors find. Great success in life. And if you don't realize it yet we are now living in the age of networking. So do you want to increase your influence and impact by becoming a better connector but join no way to start with. Today's guest is going to show you. How join me on the show. Today is michelle letterman. Michelle is an accomplished speaker trainer. Approach an author of four books including the internationally recognized the levin laws of likability She was named by forbes as one of the twenty five professional networking experts to watch and a former ny professor financial executive and recovering cpa. She now works with organizations and individuals to help them build real relationship. The greater results through the company executive essentials now on today show. Michelle is going to share. Why do we need to be connected. The seven levels of connectors as well as the seven mindset of connectors. Welcome to the show. Michelle thanks for having me on. We know and of probably heard through business. That networking is so so important. But i love the way that you've said we're now living in the age of networking. It's so more important than it ever was and so today. We're really going to dive into to connecting. And what is a connector and those seven levels but what interested you. You've got a great background diverse background. What was it specifically around networking and connecting. That attracted you that now. You really specializing in that area. I always say. I teach all the mistakes ever made so that you don't make them too and i used to be that polarizing personality that's where my research started around like ability to understand. What was it that was doing that was causing either them to love me or to hate me but there wasn't a whole lot of in between and really understanding how does connection form and what enables connections to happen but what i started to learn. Was that my results. Drastically changed when. I took a relationship partisan Approach right and that's what a connector is somebody who prioritize relationships in all their interactions professional personal. It doesn't matter the relationship comes. i mean. obviously you're going to talk a little bit about. Why be connected. You've just established. It's so important to do that. Relationships what are some of the things before we dive into the seven levels of connectors. What are the things that you want us to be aware of. That might be because of what's happened in the world now while some of the things that people are still doing that would have been okay and and where you know something that we would do in the past but really moving forward into twenty twenty one. We need to realize that this is not helping us to be that connector. That person who are attracting air ideal clients and stakeholders. What are some things that we need to be aware of. Don't do this moving forward the what not to do. There's one thing in it's really interesting. This book came out in two thousand and nine thousand nine hundred and in two thousand twenty there has been a lot around the the social inequality and social injustice and there's a whole section on the book about diversifying and expanding our connections and it's great to know everybody in a certain fields or everybody a certain geographic region. It's even better when we can go broad. And when we diversify our connections we make better decisions. We have more access to information. We are further up on the connector spectrum. So what other. Things we don't want to do is we. Don't want to call out the differences. We want to call out the similarities because the differences are often obvious between us but the similarities are things that we have to look for and one of the ways to be more inclusive. Connector is to think about focusing on the similarities calling out the larry's it's not about distinguishing or disregarding those differences but that that's not where we need to start. That's not where we need to focus. It's interesting you should say that because there's been a couple of times where i've reached out to someone here in melbourne with. Just come out of area tight lockdown. So the may it's been very intentional in networking linked gin and it's interesting because some people reach and say well actually you'll not my ideal clients keeping that i've been in fray and i'm thinking well i might not your ideal client but i talked to a lot of people around the globe connected to people such as michelle let him and who is a specialist an expert in this area. And so that's the kind of thing you talking about. Is the giant. Just be so focused narrow minded. Because you just don't know who that person is connected to and can you up to a whole new area of people. Yes that's exactly it. I have always been against this networking. I'm like it. Has the word working who wants to do it. And when i was writing the most recent book the connectors advantage. My brother-in-law came into office. And he said well. What's the difference with networking in connector. And i said networking something that you do a connector. That's who you are. And that's the shift. I want people to make rather than doing something and and when we tend to network for need and we network for now and it is very narrowly focused as you said but when we think about just connecting and building relationships because we want to because we get to then we have this really firm and tight community that you can call upon and i gotta tell you it was people. I went to business school. That you got me a client at the moma and my sister's boyfriend from middle school got me into nbc so it isn't about strategic networking. It isn't about well. I don't wanna talk to you because you can't do anything for me. It's being social and curious which is one of the mindsets it's being open and accepting it's enjoying the connection for the sake of connection and knowing that the rest will follow.

Michelle Kademi Michelle Letterman Levin Larry Melbourne Middle School NBC
GreatHorn CEO and Co-Founder on How Cyber Security Has Changed Through the Years

7 Layers

04:54 min | 1 year ago

GreatHorn CEO and Co-Founder on How Cyber Security Has Changed Through the Years

"How have you seen Cybersecurity change over the years cybersecurity as an industry. If you roll it back to when i was getting started was practitioner level application of theory. That is you had a group of people who are bush like the grey hats. We all had backgrounds recreationally exploring computer security and we became professionals up and started applying what we learned to help on the defensive side and our adversaries were essentially pierce. People were being very similar things but hadn't gone down the now. What we tend to see. Is that temperature is big business. Adversaries are most likely if you're talking about serious cybersecurity concerns state level actors. They're foreign governments and organizations. That are incredible funded colonel enterprises and the protection side shifted from this idea that we can block bad things from happening too much more sophisticated and nuanced approach to understanding risk in the same way that we might consider financial risk or business risk. Now security is one of those things and the last one. Didn't make on that if you look at a large publicly traded company and you pull down their public. Filing documents and ks cybersecurity is usually one of the things that's listed within them right so instead of being the purview of it. It's now an executive consideration that gets billing in a boardroom. Yeah i think that's definitely necessary to have take more of a naming a front seat but be part of a more serious conversation within an organization so as you've seen cyber security evolve in sort of become more professional in certain senses have there been a vents that more specifically influenced the way the world operates or caused the government intervening and industries to standardize themselves. There's there's three parts to that answer. The first is that we now are in an era of major data breaches being a foregone conclusion. Right everything about you. That has ever been recorded. Somewhere has probably been compromised. Whether it's your credit history moments you've you've lived in financial transactions e mail accounts you've had though if you go in pull down of weary again something like have i been postponed and put Address it's stunning. How much information about. All of us is private citizens. Corporate entities is for sale and has been taken at some point so that changes the landscape in nature of attack threat. We see when organization is now attacked. You know what we used to think was that you could create a perimeter around the company and that was a firewall or something like it and the bad guys were out. There and organizations could consider themselves from an internal perspective to be safe and they just had to keep the bad guys from getting in. But that's not how it works anymore. And so there's been a real change from not exclusively but on moss a real change from highly technical attacks that leveraged code execution is. Choose right what i was doing. Twenty years ago can hack into a piece of technology to a much more. Social engineering focused landscape. Can i get someone to just give me access. Can i compromise someone through social engineering and deception. And i think what we've done from governmental perspective is start to establish some around what gatien's organizations have to protect the personal data of the people who they both employed but also that they own and us from a consumer perspective. You're especially seeing this right now. In the united states with things like the cpa the the california consumer privacy act or of course in in europe the gdp the general data protection regulations. This idea that that that personal data is an asset that has value in if your organization handles it with negligent security standards. You are on the hook for whatever matt costs and and the teeth. These regulations carry were bare their sharp and they can bite into profits and have enormous fines. So that's a real shift right like at one point in time cybersecurity as a market was about securing machines in securing technology. Now it's much more about protecting the private data of individuals in the attacks that we see our most likely going to be social engineering if not in their entirety that at the early stages if i can set efficient algorithm to give me access as an attacker. That's what i'm gonna do. Because it's easier than hacking into their their technical stack

Pierce Bush Gatien Moss CPA United States California Europe Matt
Create A Championship Team of Advisors

Accelerate Your Business Growth

02:31 min | 1 year ago

Create A Championship Team of Advisors

"Over the years of the accelerating business growth podcast has gained recognition as a great resource for small business owners. Sales professionals business leaders of all kinds. We are in on west of the best podcast. Listen to and that is because of the guests. These are folks who have expertise in particular areas of business and they join for conversation where they share their expertise with all of you. Today is no different today. My guest is a nationally acclaimed speaker bestselling author industry-leading wealth adviser for over thirty years. Outages had lived the life you want now and in the future. I finding cashflow opportunities in every day. Decisions to build wealth and work fewer years in life form president. Ceo and founder of trouserless wealth management. The financial planning firm. He successfully sold to mercer advisors in twenty eighteen as the author of master cashflow the grow retained wealth and also master. Your business cashflow grow company. Love live the life you want now. Thanks so much for joining me today. How the diet. That's based thriller bigger. Thank you thrilled to have you here. Today we're going to be talking about A team of advisers and. I am asked so often by people about this topic that i am really excited to get your your take on all this and i'd like to start with. Who do you think should be on. Someone's on a businesses team of advisors for personal. It's one but for business you're right it's sort of like a was two teams but the there's an outside team. There's a team like you. Depend on. Like your your. Cpa a banker It could be an insurance advisor attention person for for your business. There's a lot of outside advisors now business. I think had this other team. And it's really the two or three people the top management your team to help you run your business so there's really two teams but there's an outside team and there. There's a team that you have basically working for you.

Trouserless Wealth Management Mercer Advisors CPA
The IRS is Eyeing Crypto

Squawk Pod

05:25 min | 1 year ago

The IRS is Eyeing Crypto

"You're planning in on trying to cash some of your casino. I should say some of your bitcoin and trying to pocket. The gains will be prepared for a potential tax it. If you've owned or used bitcoin you may owe taxes no matter how you acquired used it. Cbc senior personal finance correspondent. Sharon edison is here now with more on what you need to know. Sharon hi andrew. Will you know if you bought or sold. Bitcoin or any crypto currency this year. The irs wants to know about it. It now asked this white on the first page of your ten forty federal income tax. Return at any time during twenty twenty. Did you receive sell send exchange or otherwise acquire any financial interest in any virtual currency. And you have to answer yes or no now you need to check. Yes if you involved. In any transaction with the crypto currency including selling it receiving it transferring it for free exchanging it for goods or services or other property including another virtual currency and like stocks any gain or loss from the sale or exchange of crypto currency is taxed as a capital gain or loss. So it's very important to keep good records of your transactions now. You're gonna find out a lot more about bitcoin and your taxes at cbc dot com slash smart tax planning andrew. So couple of questions consequences if you don't check the right box on your taxes. Turn either you're dodging purposely. Or maybe just don't know well you need to know you mean to make sure that you understand how this works and working with tax professional is key here because if you've made a transaction and you do not check that yes box that tax experts that we've spoken to say that you could be accused of tax evasion by the irs. There could be criminal consequences so this is a very serious consideration that you have to make right there at the top of the ten forty four. You can't miss the question. But you must answer truthfully is because there could be significant consequences. If you don't sharon just real quick our places like coin base and other institutions are they reporting your gains and losses as well to match. I'm so glad you asked that because like a brokerage firm will report. You know what you've done with your stock transactions your other transactions. This does not happen. At many of the exchange this does not happen with crypto currency. Usually so it's very important for you to keep very good records on your own and to make sure that you understand how to keep those records having cpa and enrolled agent some tax professional who has worked with quipped crypto currencies. His work with tax payers. Who are dealing with. This is very important so ask that question as you pick the right professional work with his sharon. I get the idea of having report if you've bought or sold crypto currency. But the idea of if you've used it for any transaction could get really complicated especially as more and more vendors are accepting it as a as a form of payment if you let's say you rented an airbnb on something using it. Let's say you bought a cup of coffee somewhere you've got to report. Every of those transactions that can be incredibly complicated. It says it says any so i know that but of course it is difficult to keep all of those records and all of those documents the issue is that people want reporting anything and i think the irs has been really looking to crack down on this looking at the millions of people who own bitcoin right now own cryptocurrency and. How just several hundred. Some years over the past few years have been reporting every year. so they're missing a lot of people and they just wanna make sure. I think that they're getting the accurate numbers of who has who owns bitcoin. Who's using it and how reporting it sharing this just just thinking about all the ramifications because early adopters. They may be smart enough to have their own little wallet where they don't even use a coin base and that may part of the appeal of bitcoin. I think is that it's so anonymous. Some people and we've seen historically what it's been used for so it has that You know the impression that that that it gives. But i would think anybody that buys on coin base or coin. Base is not going to be able to say. Oh no we're not going to provide anything coming. Base is going to have to generate if you answered. Do they generate like something to the irs. Right now about the people that they're dealing with or will they not a standard form life at ten ninety nine form. There's not a staredown. Four for crypto currency. So you may have a some institutions may have some type of form or paperwork that they deal with the irs. But there's no standard standard ten ninety nine like you get with the brokerage firm from what's coming telling. The market cap now is for bitcoin and for other cryptos that that's going to. That's that's gotta be near term for for the exchanges. I would think if you can't you know it's like a wild. Wild west only lasted for so long right exactly and that's again that's that's evidenced by the fact that it's not on the schedule anymore. It's not tucked away somewhere in tax documents where you have to report. This is right at the top on the first page of your ten forty form. So you're absolutely right. Things are definitely changing. Okay all right. Sharon thank you. I appreciate that thanks. People say that's why it was invented. We'll see when when the when the rubber meets the road. Whether everyone you know going to be it'd be interesting to watch Better better hire more. Irs agents. I think

IRS Sharon Edison Sharon Hi Andrew Bitcoin CBC Sharon
Qualcomm's Snapdragon 888

Android Central Podcast

05:00 min | 1 year ago

Qualcomm's Snapdragon 888

"It is We're recording this a little bit before the time that you're hearing this but i'm very pleased to bring you a really cool interview with the ziada oscar. He's the vice president for product management of the snapdragon roadmap and application processor technologies according to his linked in page ziade. Thanks for being with us today. Thank you thank you for having me looking forward to the discussion. That's a very long title so just just reduce that down for us. What exactly do you do over at qualcomm. Sure so basically my team. We look at all the different technologies that make up the snapdragon products. And we're looking at you know different technology inflections on camera graphics and other areas and we basically bring it all together and to put the product together with the best in class experiences and then of course looking across all the different products that we do at qualcomm from a roadmap perspective much simpler than it sounds. Okay but you're busy every day because the snapdragon we said this. We talked to alex last year and it was a it was a great discussion about the snapdragon Sixty five and one thing that he said was you know it's no you can't say that qualcomm platform is just the cpu and gpu anymore. So we're gonna get into what exactly the the big announcement is First let's just call it out. It's the it's the snapdragon eight hundred eighty eight five. This is the latest and greatest. The chip that's gonna power. Probably most of the flagship phones throughout twenty twenty one We're announcing it in december right. You're this december second when you're hearing this and can you just give us the thirty second elevator pitch about snapdragon eight and what exactly is better indifferent. Last year's snapdragon eight sixty five absolutely so the snapdragon eight hundred years this bar in terms of premium tier smartphone performance and. What we do is every year all the new innovations on all technology. Vectors come into the snapdragon eight hundred tier embiid snapdragon. Eight eight eight. We actually pushed the bar further with much more experiences which significant enhanced camera capabilities and even better gaming in addition to the fact that we have five thirty capability integrated into this product We look at You know trying to create devices based on this that have new use cases coming up for consumers but example lost you'll be able to show machine translation as one example is happening on the device. This year will show a lot more demonstrations that that will really while the consumers. We believe all right. So let's start with the obvious stuff. People wanna know how much faster the eight is over the previous snapdragon. The it's sixty five. This is the first year that there's a cortex x one based core. This is the the announcement from from arm earlier in the year that they were moving to the sort of like really big core than big core and then than efficiency course walk us through exactly the makeup of the new crowd k-r-i-k-o-r and how this prime cpu got larger cash. It's got a higher clock speed over the performance scores. How does that factor into how people experience eight eighty eight on a daily basis. Absolutely so from a cpa perspective. What you're able to get through the much better. Cpu is far better browser experience a device. That is much more. Snappier in terms of responsiveness right. So many are launching a new application for example a new app. It's able to bring that up much faster where we're able to do in the past all the experiences get better in that sense With the new crowd that we have in the snapdragon eight this is the first cebu cluster where we actually have three distinct. Cpi cheese inder. We as you pointed out. We have the latest accord from arm. The gortex x one One of those course. And then we have three of the gortex eight seventy eights at which are the you can think of. It has performance scores the prime core which the cortex one three performance scores and four Efficiency goals which is which are the cortex a fifty five and they all come together. We basically work on wrapping around with our architecture of our power Goodness there to be able to get the best performance per unit power. The unique thing about the way. Snapdragon implements these. Cpa uses that we are able to the cpu's sixteen bidders of time And not have to throttled so we put a lot of technology in there to be able to get usable performance out of

Qualcomm Ziade Oscar
"cpa" Discussed on The Dental Marketer

The Dental Marketer

04:38 min | 1 year ago

"cpa" Discussed on The Dental Marketer

"Some of them have like like little offers for people who are of reading the book you'll have access to the free content that they've created so you know just like yourself have access to your podcast access any free content. You have have a links to any of the paid commented in the programs and things you've put together and is a good way to funnel people to the right people like for me. I have wasted so much money for years trusting the wrong people light three. Cpa's through like five or seven different marketing people on through four different payroll companies. I've done three different. You know practice management softwares and when you when you add all this up super super expensive so One thing also that we did is we said like here. This is all the people we trust in the industry and here are the people that you know. You can go to for actionable like good content. Where you know they care about you. They don't care about the dollar. Of course you know. Everyone charges for their services. But you know that they're going to do it in a way that's right by you and they're not going to exploit you because will we hear from all the dentists in the area is. We had a bad experience doing this. Or my practice overhead to seventy percent. And i just don't know wear i'm bleeding from and we can just referenced the book and go to these contributors and then they can help figure out exactly where the pain points. Are we just start plugging all the leaks in all of a sudden. You see the overhead for your business star to shrink and contract and he actually started being profitable. Yeah so then. What's the rationale you said like you're actually gonna.

Cpa
"cpa" Discussed on Go Beyond Disruption

Go Beyond Disruption

04:19 min | 1 year ago

"cpa" Discussed on Go Beyond Disruption

"C p a while they're waiting for the confirmation of the. CPA allocation. Do they have to just keep them in website going. In fact after they've had this. See PA allocation confirmed. Will they have to change their own website URLs will have to set up an auto forwarder. What's some good practice? They're so you right now if you don't have a website you can still apply for. C p a and there's some firms that are doing that so there's always a question around that but just let's use the example you have a website today and then you get a new. C p a domain what you're going to do is you'll first just do a redirect to that website. And then over time you will change your DNS records from your domain if it's.com, it could be, you know country code domain but from from or or some other domain not everybody off. Is on. Net but you you'll move it from that address in your DNS records and that's a technical term to to the new. C p a domain and we've been a best practices of an assistance related to that if that's something you need additional help with you can find guidance. I would imagine at domains. C p a was that the website you'd know. C p a lot of information is a position paper a lot of tutorials a lot of videos and we'll probably have to put this podcast there as well talking of which, what do you see ahead for. CPA? Are there any developments that we should be seeing toward the end of twenty Twenty-One any any other exciting things coming up have some C. Home? This is a very very significant step for the profession. It's a leadership step for accounting for CPA's related to how we all work today. We all work today wage. In this remote fashioned online, we will sometimes be getting back to our offices but digital is so so important and this page is the evolution of the internet some people calling it internet 2.0. You've heard you've been hearing about top-level domains. They're going to become more and more important in the years to come home and it's exciting that we are on the Forefront of this. We are now an address on the internet and this is something that will help firms because it's going to create broader awareness. You've been mentioning that throughout today's podcast and it's going to clearly indicate how we take security seriously off and we wanted to take the right steps to put these capabilities in place. So we're excited about it. There's going to be things that will be adding to this digital authors. Such as capabilities around Securities and email management, maybe some website capabilities. But right now we're just very focused on getting. C. Successfully launched to the market in the US. And as I said in other Global markets and 21 sounds exciting and the the journey starts here and Thursday is plenty of scope for where it goes in the future. Now as we wrap up if we were to give you a go beyond disruption t-shirt, you could put one thing on the front and I think I know what the answer is going to be. What would that t-shirts? A wife is a slogan. I just say the time is now the time is now the opportunity has never been better across so many areas of enabling your firm today. I'm talking about. CPA. The time is now 4. CPA the time is now from putting in place more digital capabilities. So you can Hance the services you're providing to your clients or if your birth And Company to your users in the company like it time is now..

CPA PA US Hance
"cpa" Discussed on Go Beyond Disruption

Go Beyond Disruption

03:42 min | 1 year ago

"cpa" Discussed on Go Beyond Disruption

"Really search hard for an available. Com name. There's there's going to be great availability in right now. We're in this early application Phase where we're providing an opportunity for firms here in the US to register. CPA wage. And take advantage of their their existing digital brand and leverage that as part of the process which we we can talk about shortly and you did mention the first phase urine and we're having this conversation about a third of the way through cyber security Awareness Month of the USA. And of course, it's also National cybersecurity months here in the UK and the EU so not only are we in the middle of cyber security jobs, but we're also in the midst of a very disrupted very fast-changing time an area where online security privacy trusts are more important than ever, but they're also feeling more fragile I think than ever before and and when we think about all of this I'm starting to understand why this. C p a domain is so important because as I understand it you could set anything up best CPA on the Block. Me but now it could be Best CP unblock. C. Then you would know that that is actually reassuringly going to be a CPA firm and it's registered and it's accredited and it's checked by organizations such as yourself. So it's all about trust. I totally get that and I know there's a quote from Shakespeare's Romeo and Juliet the the phrase what's in a name comes to mind, but it's about more than just the domain name, isn't it? If you look beyond that label, what are some other ways of providing Assurance through something like. CPA? Well, I mean, I mentioned some of the primary elements in the primary elements are our verification badge and you know that they're a legitimate firm a licensed Farm or a licensed CPA and then secondly that there's going to be much of a risk of receiving a false email from somebody that you think might be your CPA firm and there's a lot of fraud that occurs around the filing wage. Tax returns the following of payments. So this is important. It's important for firms to think about their overall security framework. They need to do things such as long as portals and this is another element by leveraging the. C p a top-level domain they'll be able to put enhanced security practices in place for our clients. And then it's just going to be a tremendous tremendous branding opportunity for the firm. It basically tells the audience tells your clients what they you do when you give them your digital identity, which is your storefront today. We're all working remotely. So that is your that is your way you connect with the marketplace and has been a lot of excitement around the launch of. C p over the past 45 days. We've we've had a few thousand firms already signed up a very very hyper. An image of the the top 100 top 500 firms have already signed up and they're doing it for the elements. We've been discussing greater security greater trust may also this opportunity of branding by basically telling the marketplace telling your client base What You Do by your your digital identity when a.

CPA US EU fraud USA. Shakespeare UK Juliet
"cpa" Discussed on Go Beyond Disruption

Go Beyond Disruption

05:19 min | 1 year ago

"cpa" Discussed on Go Beyond Disruption

"That's why some people will sometimes not really worried about what comes before the. They can call it my hearing kneecap. As long as it's not in use you can make a brand out of em ever comes before the. But what comes after it. That's the top level domain, isn't it? That's what you're talking about. That's crap what the top level domains are are they're they're actually rooting X and just talking about., there's over a hundred forty million domains registered in.com, but you can also have domains registered in New Jersey. .. Or G for not-for-profits. Edu educational entities. Gov the country codes. And now what we're all seeing is, you know companies leveraging Amazon uses. AWS kpmg's launch. KPMG. There's there's. Chase. It's it's it's a long list of of what is occurred. In fact entities in communities creating these new routes on the internet and there's a process that you have to go through to qualify for this. It took us a number of years. We've been talking about this for a number of years. It took us a number of years for the aicpa to be successfully awarded the. C p a domain there was a lot of interest in. P a Google and others were interested in enrolling this out. It's great that the profession is going to be leading and managing the. C p a dog. And we can talk about how we're going about that. We're obviously leveraging a number of leading suppliers and partners to support them running of of a domain and that's what you need to do. So when when we run. CPA we're actually using a registry that then puts these address servers around the world. So when someone types in a particular URL, they're they're sent to the right domain lookup record that brings you to that that entities website. So people don't think a lot about how the internet works. It works really well and it's based on this domain structure that's been put together by I came in and these are things that just listening group probably doesn't need to understand what they need to understand is what the opportunity is related to registering these new domains and participate. Allure for firms and what the opportunity is for firms related to leveraging. CPA to provide, you know, greater.

CPA AWS kpmg KPMG New Jersey. Google Amazon
"cpa" Discussed on Go Beyond Disruption

Go Beyond Disruption

04:45 min | 1 year ago

"cpa" Discussed on Go Beyond Disruption

"So you know Rubio is another way to kind of. Get, a taste of of what's what the future is going to be for dynamic audit. And I'll just let you know that that review is available today for audit firms that are looking to to virtual allies and right now there's a there's a special no-cost offer in place to provide to provide the Riviera's professional electronic CPA report delivery and management provide that through. September thirtieth at no cost for firms that sign up by June thirtieth. So that's an offer that's out there. If if if people want to try that thanks Koos all that as a twenty twenty date. So if you're listening to this episode from Archive and Twenty, twenty one sometime beyond, of course, those dates only applied that year but the good news new things happen all the time and we're glad that as they happen this podcast. Is certainly one of the places to hear all about them where ever and whenever you happen to be downloading listening to the episode Steve Before we wrap up let's ask you to do some more heavy lifting that's ask you to do some signposting for anyone would like to find out more about this topic about fertilizing practice perhaps more about you and your work. What are some resources you'd recommend that would help them do that right now. So number one is or the website. Called a distributed more virtual CPA firm and a and a practice. Okay. So that's a site that I worked on with the the CPA DOT COM team, and we curated resources specifically to help audit and assurance firms quickly adapt to the current business landscape and entrance in their their firm in their and practice to a remote working environment. We curated and developed resources around some key areas where where we feel we can. We can most help firms help transform firms I should say, and this practice area So this this site. Includes that that excellent Lisa bodell simplifying to innovate keynote presentation that I mentioned, and again, that was from the the the most recent December digital CPA event. And that's really a great resource for any firm Finance Company or any other organization that wants to simplify, innovate and grow. So so that's that's on that site that same site, which will be the first link that's available in the show notes here. Also includes another session from from the digital CPA event called upskilling in. Right. So we talked about about that concept that one. So so her her session from from the event is also available there on on that page at the first link. Okay, the remote working audit firm discussion. We'd played a clip a clip from that with three key points from Kim more. So session is on there as well. It's not really a session. It's actually a recorded twenty minute linked Lincoln live that we just did with her. So that's there and she she shares her wisdom and practical advice for auditing firms that are trying to adjust to to remote working conditions. You know her firm move to a distributed model themselves few years ago. So they're firms pioneering experiment and what they learned along the way. Can really help today's firms that have to do it and and do it quick. I'm other resources are Another P. A. is coming up the digital CPA twenty twenty event. Is is coming up in December so so that's something to consider. We'll put a a Lincoln there for that Steve Before you go I, all school my guests to design the rent virtual takeaway t shirt for the go beyond selection podcast..

CPA Kim Steve Rubio Koos Lisa bodell Finance Company Lincoln
"cpa" Discussed on Go Beyond Disruption

Go Beyond Disruption

02:50 min | 1 year ago

"cpa" Discussed on Go Beyond Disruption

"Staff may be your best assets to implement the technology related change and assist with your less tech savvy staff. You know getting newer and an and younger existing staff or anyone new to the organization engaged is incredibly important. It's never been more important than it is today. You know another reese a recent study that was looking at says that thirty two percent of United States workers. Feel that they are engaged in their job. They feel like engaged to the work that they're doing. You know that's less than a third. Okay and then pair that with the statistic that says engaged employees, people that feel engaged with their job and their company they are fifty nine percent less likely to seek out a new job in the next twelve months. Okay. So. You know all that said you the approach to staffing and training and development. For most firms has to change accordingly I really think that there's no option here it's it's got to happen the these are. And and all businesses. But you know we're talking about we're talking about a CPA firms and financial organizations they have to accordingly there's no option there if if you want to have a future right so I get that change is one thing. But of course, there's also continuity and there's contingency planning and that is something else in tiny online. If we start with continuity especially in the face of tremendous disruption and the pandemic refacing now is a really stark example of that kind of disruption. How do we balance what we need to be doing with what we need to stop doing? And wants the pandemic is over? How much of that do we need to change or will we be doing things differently right into the middle of the long term? We've talked about about some of these things already a little bit. You know we talked about. Firms being ready for continuity and contingency and and you know the new things that that need to happen. But but I think it is important. When you asked about, what do we need to stop doing? And? As one by the name of Lisa Bodell who is the founder and CEO of a company called future think. And she was the keynote speaker at the digital CPA conference in December in in Bellevue Washington and I think she really she really nailed this in my opinion that's an excellent event by the way will..

Lisa Bodell founder and CEO CPA United States reese Bellevue Washington
"cpa" Discussed on Go Beyond Disruption

Go Beyond Disruption

03:30 min | 1 year ago

"cpa" Discussed on Go Beyond Disruption

"Within CPA firm sit and other organizations. Now you've got new you've got new skill sets often with a with a technical element Them that that weren't necessarily coming in like like that before and then you've got this generation Z. is is now in. Know now entering and I wrote I researched and wrote a piece not too long ago called three staffing insights for CPA, firms, credit unions, banks, and more. And to do that, I found some pretty interesting things out that all share you know I found out that that there is a real generational element for all employers that you really need to embrace. Or you'll get caught you'll be caught unprepared for it. So here, a four things for leaders to ponder. Okay. So Generation Z. which is folks born after Nineteen ninety-six. Generations is here. All right there sixty, one, million of them in the United States alone and the first wave of generation Z. have already graduated from college. Okay so generation Z..

CPA United States
"cpa" Discussed on Go Beyond Disruption

Go Beyond Disruption

05:54 min | 1 year ago

"cpa" Discussed on Go Beyond Disruption

"That a virtual CPA firm would need to be able to to enable the remote ANA workforce. that. That's not necessarily given that that they that they're able to have their. Their folks in lockdown fully enabled to work and do their job effectively. So virtual CPA firm would have that taken care of. Another would be that that a virtual CPA firm. Is a firm that that can help clients with their their newly critical needs and act as even more of a trusted adviser than they have in the past right. It's really understanding and anticipating kind of the the new needs that that are there or the needs that have gone from. You know not really you need a kind of a nice to have to. Now it's become a critical need which really kind of understanding what what clients need right now and and being a being that trusted adviser that that CPA firms are really the perfect type of business. To be that trusted adviser and have firms be able to rely on. Or have clients I should say be able to rely on the firm to be a trusted adviser on on not just the normal work that they do for them. But but just to be there to to listen to them and answer their questions and let them Kinda share what what their company is going through, and then I guess the. Another thing would be, what would a virtual CPA firm do? Well, one of the warnings play talked about earlier is it would be a that that can provide the most professional and secure electronic report delivery tracking and management possible today both for for clients. And for that entire ecosystem, like we talked about when you think about important reports, important financial documents. When we go into a pandemic type type situation, you want to have secure professional delivery in exchange of important documents like that security is very important and quality control really having control having that audit trail for where are these important documents going who has received and when did they receive them..

CPA
"cpa" Discussed on Go Beyond Disruption

Go Beyond Disruption

05:57 min | 1 year ago

"cpa" Discussed on Go Beyond Disruption

"Or terminated that rainmaker. But if they don't then they have employment risks to worry about so we see that. Come up on mentioned the pay equity issues. I mean what are the things that that we see in claims? Which is understandable. Is that when when you have a claim whether there's a performance issue involved or some type of employment dispute as you can imagine most firms don't want to get their clients involved You know they WANNA keep it in house which makes a Lotta Sense. But that would would that leads to is. You really have to have strong documentation. And I'm sure it's symbol tied that goes for all companies where you don't WanNa have your clients testifying about you. Know an issue with with a particular employee. It makes it even more important to make sure that you're documenting these types of issues that you're able to back up provide backup documentation for the reasons for terminating or disciplining employees. How about you tim. Anything specific you're seeing just with regard to to CPA firms in this area. Absolutely I think part of the issues that you small to midsize firms wind up dealing with when they have these types of problems is something more mention which is documentation law firms. They spent a lot of their time on helping their customers helping our clients addressing problems but perhaps losing sight of the back of the office type of HR component. So it's a problem. It's typically lack of experience on how to address it and how to deal with it. So maybe if you and to have an issue you feel like you're addressing it by just talking to them that's great and that's all well and good but where's the documentation. The reason why the best he is. Because in certain instances if you have adequate documentation and you have unfortunately wind up in litigation. There's a chance that you can get get. The claim dismissed without get into that Jerry without having people making emotional decisions just based on their own life experiences absolutely documentation state. That's good to know that there are things that that firms can do to prevent getting to to a litigation to litigation resolution there. I'd imagine that that these type of things are especially relevant for for CPA firms. That are growing quickly both organically and through mergers or acquiring other firms Some examples Like that I see in my work with. Cpa DOT COM. Is You know firms. Adding a new practice.

CPA Jerry
"cpa" Discussed on Go Beyond Disruption

Go Beyond Disruption

04:27 min | 1 year ago

"cpa" Discussed on Go Beyond Disruption

"My current role. I am the assistant. Vice President overseeing the accountants malpractice claim team which consists of fourteen claim professionals who are dedicated solely to handling account in professional liability matters. Okay so you're a lawyer and have a master's in negotiation and conflict resolution so your understanding of Liabilities Cla- Liability Claims Spans. All the different ways that claims against CPA firms or ultimately resolved correct. That is correct when I started handling professional liability claims that CNA. It became apparent to me that most matters were resolved through mediation and negotiation instead of through trial but claims did resolve through alternative dispute resolution or eighty are usually resolved earlier and with better results. I wanted to learn more and hone my skill. Set towards eighty are to better serve our in shirts so I went back to school at night and I got a master's degree in negotiation and conflict resolution to round out my legal experience. Well that's great So what size of firms are you seeing reporting claims I guess I should first clarify what we consider. An actual claim we define acclaim as a demand for money or services and while I think everyone anticipates claims against large firms the bulk of actual claims that we see that were reported to us and two thousand and eighteen or from mid size and small firms. One third of all the actual claims were actually from firms with three or less practitioners. We're interesting numbers especially You Know How. Many claims or what percentage of claims are coming against smaller firms What other types of matters does your team assist with? I think one thing that tends to surprise. Cpa's especially at smaller firms. Is that the bulk of what is reported to? Cna on a yearly basis at least in recent years is not actual claims but potential claims and Subpoena Assistance Matters. Only about twenty percent of what was reported to us in twenty teen were actual claims at the time. The matter was reported. Okay so I'm guessing it's very helpful for the firm For a firm to let their insurance company know about a potential claim so as to get ahead of it then definitely the benefit to reporting potential claim is that we may be able to prevent the claim or mitigate any damage is similarly if a CPA third with a subpoena for records or testimony..

Cna Cpa Vice President
"cpa" Discussed on News 96.5 WDBO

News 96.5 WDBO

01:35 min | 1 year ago

"cpa" Discussed on News 96.5 WDBO

"Federal government money but there's a new development with it today you now don't even have to file your return till July fifteenth in a tortured decision earlier this week that was not going to work the fed said Hey you don't have to pay your tax bill that you till July fifteenth there will be no interest and no penalties but you have to file your return by April fifteenth tax preparers were so upset they couldn't stand it if you know how tax preparation works they work in very close quarters and this was creating great health risk to people who do tax work and for reasons I'm not quite sure about a lot of tax preparers who are enrolled agents for CPA's to do taxes tend to be older workers and so they are more health vulnerable and so the feds came to their senses and now April fifteenth this year is July fifteenth both for allowing tax and for submitting your tax return however if you are owed a refund don't wait if you prepare your own taxes doing tax prep software or whatever go ahead and file your return roughly seventy million people have done so already and you want to join them and get a refund is quickly as you can and if you.

CPA
"cpa" Discussed on I Am Nat Noise with Nathalie Noisette

I Am Nat Noise with Nathalie Noisette

04:41 min | 1 year ago

"cpa" Discussed on I Am Nat Noise with Nathalie Noisette

"CPA's now that are doing kind of some startup coaching oftentimes. Sometimes we'll tell you where you can go and do it go. You can go to legalzoom and do this for this amount. Are you can go here and do it for free. We'll tell you that but yes you are paying us for that a consultation but that information is way valuable more valuable been what the cost of that consultation because we're going to direct you and save you time to get you wear unique to go hundred percent and when I tell you I talk about this Ad Nauseam. I'm sure people are making me sick. And you're not okay with it like we haven't. We haven't met outside of this but I am straight shooter. I'm GonNa tell you exactly what you need to know and I want to hear so I'm right right okay right but I'm not sorry though and I always tell them. Listen you'll be back. I know crass so what you know like you'll be you'll be perfect. This is you can't you can't just look at the price and this is and this is something I coach about very often like price versus versus. How you those different things? There's absolutely I don't WanNa keep going into this. I feel like I've already exhausted this too much. But like there is a huge difference difference between what something costs and what something about it's valued at and what it will continue to bring you after absolutely the price and that's what you're speaking to and you are one hundred percent correct correct. That's it you know what you brought some things on my mind. You are a seasoned tax professional and write what I want to know about your experience now with with the rise of the social media with the Internet with access to some of these great resources. Do you feel like the landscape has changed angel. Little bit for you as a professional as far as information and the value that you do bring because it's become a little more competitive but also like people have to sift through information a lot differently we had two before exactly. Yes and you know. I'll just say the landscape has changed tremendously now. You can actually Salihi us. I think I saw a commercial the other day you can use quickbooks or turbo tax or whatever and you can you purchase their you know Oh product for thirty nine ninety nine or something and then click in and ask a CPA right there like you know so the landscape has definitely changed. You have have access to information right now. What does that mean for people like me and other? CPA's you know. And I. I actually also do continuing professional professional education courses for professionals so not only am I doing the online for the taxpayers. But I also do the live once or professionals and one of the things I communicate indicate all the time is this is not yesterday's EPA world. We have to a net with people we have to be able to teach and help them understand the where they're going help them reach their goals and objectives and add value to them. If we don't do that they can go. You can go to determine what tax and it's going to ask you box one from your w here put bots to from your w here you know Upload Your Bank statements and we'll drop out a financial statement and now a lot of banks you can actually click an ad like that function to your to your bank account where it'll print your urine summary of your transactions so some some of the functions that we would have been paid for before or Some bookkeepers and so forth would have been paid for before banks now do financial softwares. Now do that but what they cannot do. Is that expedite that explanation. That teaching and that connection because I can give you a financial statement today but if that doesn't mean anything to you you're not gonNA. It's not gonNA help you with decisions on what you need to. What product lines to increase what product lines you need to decrease what services are actually profitable for you and let services? Are you currently running loss on you know blow up if you drop those out. You know things like that you you know you need that human element that that that education and experience those two together. It's not just the degree just like with anything else. It's the education and the the experience that A professional can bring to you that it can save you from a lot of holes and you know and trip ups along the way I totally agree okay so key if if someone wanted to find you because they wanted to set your business up correctly or because they wanted to consult with you or because they have messed things up and they want to straighten it out to continue to scale their business. How would.

CPA EPA
"cpa" Discussed on Agent of Wealth

Agent of Wealth

11:53 min | 2 years ago

"cpa" Discussed on Agent of Wealth

"Hello and welcome to the agent of wealth with mark about about financial. Today we are welcoming special guest into into the studio in that. Is Kenneth Lamb. Good Morning Mark. How are you good morning? How are you? I'm excited. Kin is in studio with this. Good Morning Ken. Good morning guys. Thanks for having me today. All right mark. I'm just going to hand it right over to you because I'm here to learn so let's get started so yeah. We have the Kenneth Lamb on the show today and Kansas. EPA The founder and owner of CPA tax and financial. Planning out of Edison in the same state as New Jersey. So can welcome to the show. Thank you and we brought Ken on today to talk about some tax planning strategies We're in the fourth quarter. People should be meeting being with their their. CPA's prior to the end of the year but Can maybe we can even jump right in and get started and what should people be talking to their. CPA's from now until the end that year to try and optimize their tax situation. I mean I look at it as tax planning not just a year and being issued be fun first quarter to the end another year so it should be consistent throughout the year not just at the last few months of the year so when I sit with client I normally ask them how their lifestyle has changed how the incumbent expense has changed. And what are the things that we will be looking for to that. We'll have a big impact when they found that tax return for next year so basically we will begin by the income has the income change or decrease sequeeze or are they expect to get a substantial increase at the end of the year at that. We should be an -ticipant at so we would need to take tax in the consideration ration- and also any other expenses that came up that we conceive we can deduct that off their tax return and also we can look look at other things that we can plan ahead to see all day in the same path as they wanted to be. Toast the retirement age and do they have enough saved up each year to meet the echo when they add st retire and you mentioned expenses and deductions. I know that is that one. That's one of the things that changed with the the tax cut in job act or are a lot of the things that people were still there were able to Dr Kennedy still deduct them or has been big changes to the doctrines. I mean there are some changes to the deduction are certain deductions lie The longer allow educational expense. If your teacher you can't deduct those expenses above the trust income and certain moving expenses. They no longer allow you to deduct that and also there's some miscellaneous that's supposed to be above the two percent a show that they also no longer allow you to deduct that and also there's the biggest change. We see is TV itemized tax deduction because they took out the personal exemption and they increased the statellites deduction Shen which means a lot of people. Doesn't have to kick the itemized deduction so we also WANNA walk the client to see what kind of itemized deduction when you have that will be able to push you over your standardized deduction in order for us to take those so you mentioned a couple of things I guess on the I on the teachers and I've read somewhere. It's it's crazy. How much teach a how teachers now have to basically pay for their own materials for their class and how many are paying out of pocket and can no longer the doctor? It's a it's it's crazy that you know so. Shout out to teachers who are doing that but you did mention standard deduction I think I saw somewhere that a now. Ninety percent of the people are going to be on the standard deduction which what is it up to now after the change. I mean basically a a double the standard deduction what you used to have like for Mary. Couple fighting Johnny a used to be twelve thousand. Now it's like twenty twenty four thousand so hard for you to come up here itemized deduction to actually go over there. So what we do is sit down with clients to see what connotation they have to see. They are qualified for those deduction and we can push them over the limit. Then we'll be able to file those. What are some of the things that go into that bucket of deductions? That can they can try and tally up to get over. The twenty four thousand is a retirement. Contribution is that an example at one time and contribution one of them. The interest you pay for your was attention home department tax. I I mean all those comes into play the your state and local tax that also comes into the calculation and one of the big changes that affects the atomised deduction is as she no. They put a cap the salt cap. which is the state local and will would estate tax on Property Eh? Ten thousand dollars as you know we live in New Jersey and Alana Wa property tax are more than that so they put a cap on that you can't picked up anything over ten thousand so that means if your property taxes are fifteen thousand you're only able to deduct ten and and that doesn't include your what you're paying it as far as state income tax. Yes the CAP that ten thousand ads. It's funny in in the news. Yesterday I saw that president trump changed his residence from Manhattan to Florida. which is I guess? There is no state income tax in Florida. So that's he's trying to do his own thing to to take convert that and then I think one of the other things. I was in the news about the salt taxes that some of the states like I think ours and Connecticut New York. We're trying to pass a law where Taxpayers could could use charitable contributions to kind of bypass that ten thousand dollar limit and pay their property taxes as charitable contributions and. That's another thing that got struck down or doesn't seem like that's going to be an option for for people. Yes they tried to do this way. And all got struck because I asked would not allow that your contribution to charity should be what you exactly consciously charity. You can't offset with the property tax that you pay so that's no longer allow that. I mean certain deduction if you own a business and you used that properly for business of course allowed white off those poppy taxes but for president was essential. You okay so what. What what? What ways do people have to a adjust? People are just GonNa take the standard deduction or are there any strategies used to try and get over over that twenty four thousand. If they're married married couple they're married that also depends on when we caddy Saudi up on the expenses. What are they at? How much are we not being able to meet that? Twenty four thousand or be able to go over there so it it could be that we can just look at expenses. I mean a lot of the people that do charity contribution what they do. Is they bundle the contribution contribution into one year like if they use the contribute every year one thousand one thousand may be taken bundle up for five or six years in one lump in one lump sum payment to be able to push their itemized deduction over there twenty four thousand dollar standardized deductions. That's is one of the way that we can do. But if they're not big on charity contribution we can also look at some a all employee contribution collusion plan that we can see to offset a way to show Agi so on the on the bunching charitable contributions is basically if they like. Let's say that example that you gave where contributing thousand dollars a year if they take for us two thousand nineteen as example. They contribute five thousand in in two thousand nineteen in the hopes that you know that just goes into the the bucket and that brings them over twenty four thousand where itemizing makes sense and then for the next couple couple years. They're probably going to go back to take the standard deduction because they're probably going to be under under that. Is that how that works. That's correct and we also WANNA look at what tax bracket there in. I mean most of the time we would sit down with the clients to see what the fluctuation between the tax brackets. If there's anything we can do week timeout on to get a more favorable outcome by if they anticipate the tax bracket to be lower. Maybe we can do some. I ought aw a conversion to get a favorable tax so this way they actually paid less on any amount that the comfort of Fhimah IRA to Awa- fi. And that's that's actually one of my favorite strategies the Roth conversion how we've been looking at. It is really trying trying to fill the attacks bucket up so you know you look at what tax bracket there in. How much do is do they have any room before they hit the next you know go up to the next tax bracket and that might be an opportunity to convert partial of their IRA into a roth and they're still back doing that? Conversion at the lower tax bracket and it's not forcing them into the to the next bracket up. So that's the that's definitely want one strategy that that we should have one should look at you and you and you mentioned the retirement accounts could do the same thing with bunching retirement contributions for for example like a business owner. That has a set by and you know what you can be able to contribute up to fifty fifty six thousand or twenty five percent of their income sometimes they may not have all that cash available able to contribute in one year. But what if they did it one year and then the next year because the SEP is flexible enough they didn't make a contribution to it and they use that same tragedy you talked about with charitable contributions Sion's with their retirement plan as well so for small businesses they I s limited contribution to accept the contrary twenty five percent of your net earning up to a total of fifty six thousand dollars per year. So whatever you can contribute you can only do it this year. You can we go back and say last year. I didn't contribute that much this year. I'm going to contribute more than that just to make up for the last year. Show coming IRS would not allow out that. I mean if you're not a small business like a people a half a job without awful one K.. I mean what they can do is the least they they can do is match Max out their contribution to demand that they can get the match from the company. Do not leave those match on the table because basically free money and the other thing I ask my client is if you have a high deduction high deductible health plan the one thing I like the most is the health saving account because he has the triple benefit and what I meant by triple benefits and the money you contribute to. The health saving is tax deductible and continued to go and is also tax free. And when you with your money out is also tax free.

Kenneth Lamb CPA New Jersey president Florida. Ken Edison EPA Connecticut Dr Kennedy Shen Sion Johnny IRS Mary founder
"cpa" Discussed on Newsradio 970 WFLA

Newsradio 970 WFLA

04:08 min | 2 years ago

"cpa" Discussed on Newsradio 970 WFLA

"We do so many different things to help you your complete planning is our mission to reduce your taxes is what we focus on we take a tax approach in everything we do if you currently visor you CPA's not talking about taxes and I want to think about looking at other options I'll tell you why because our biggest expense is taxes in the future it's going to be even worse so make sure you have a tax plan pick up the phone schedule time to meet with us eight one three nine zero nine zero zero two two or toll free eight three three Maggie tax okay so check it out how many people out there make mistakes everyday Chris a lot of people do we all make mistakes mistakes of course yeah my son is perfect what can I I'm just kidding I'm just kidding no there is what we talk about it let's talk about the seven deadly sins of retirement probably affects every single one of you because they've popped up in religion in music and movies but I'll bet that you never thought of them in terms of retirement planning and that's exactly what readers digested they had an article the seven deadly sins of retirement planning so we're gonna talk through each one of the first edition of retirement planning is envy and it's easy to understand and we wanna neighbor buys a new car a takes a lavish vacation yeah we all look at that you know so envy can also factor in when talking about investments there's a story of millions of dollars made by some crypto currency speculator with the guy who invested in apple before the iPhone so envying someone else's big score in the market contrived dangerous investment decisions and Chris this is the problem when we look at people come in I don't know what half of them even understand what they have well the hears about apple and all the other things Netflix and Facebook but that's not every investor is it no it's not and that's why many people just going to just make wrong decisions based on trying to take a big leap and try to jump so quick to find the features like the gonna hit big you know in these people who made these decisions you know pretty much won the lottery you know you don't see people who win the lottery every day so the fact of the matter is is it's in this be real so envy you know some is it dangerous for time mistake that many people make and that's just one another one of the seven deadly sins is RAF and understandably return planning doesn't seem to be a natural fit with our perceptions of wrath you know one place that rafting come into play is when you leave a job you're resigning is anger you know it's been immortalized in music movies and other popular culture from C. Jerry McGuire asking you know who's coming with me to the colorful lyrics of Johnny paycheck you know leaving a job without planning can have a negative consequence on your retirement goals your savings could be trained over time time you know if a job search lingers we've seen that many many times with people on clients that we've met with insurance costs could be cost prohibited without the employer contributions we've seen this with health insurance you know you might find that you're stuck with long term financial consequences that are more impactful than the emotional lift of resigning in wrath so that's why it's so important to me with the right adviser you know these just to RAF and envy that are so important that many people make this mistake and greed seem more likely to impact retirement planning it's not uncommon for investors to want to change the best returns possible we talked about that and there's always a new technology or hot stock tip but be careful not to upset your portfolio trying to hit that home run we see that many times so many investors it may be safer to build a strategy designed to sustain wealth will grow it moderately we're talking about Maggie plan here safe safe investments sloths may be adorable but laziness is hardly cute sloth S. L. O. T. H. is the deadly sin that represents laziness laziness can impact retirement because it might prevent the plane from existing and that's your fault because you know that's something you have to do so the best time to start planning is today not tomorrow and remember what Benjamin Franklin said if you fail to plan you are planning to fail and that's just say you know talk about laziness you know people listening today you're out there you know you do.

CPA