The Modern CPA Success Show
Summit Virtual CFO by Anders
Are you the owner of an accounting firm? Do you want to make your firm more profitable? Are you interested in providing Virtual CFO services to clients?Dedicated to perfecting Virtual CFO Services since our inception in 2002, Summit CPA Group, now Summit Virtual CFO Services by Anders, serves as Virtual CFOs for over 100 clients throughout North America. While most accounting firms focus on the past, our Virtual CFO team focuses on the future. This podcast seeks to help accounting firm owners like you learn how to provide successful Virtual CFO Services and become profitable. Tune in bi-weekly as our hosts Tom Wadelton, Virtual CFO, and Adam Hale, Partner at Anders CPAs + Advisors, interview industry-leading experts to share knowledge, as well as Adam’s experience acquired from more than 20 years as the lead provider of Virtual CFO services in North America. We'll answer some of the most common questions like how do I provide accounting services virtually? What's it like running a distributed team? And much, much more.
Episodes
Mentioned books
Jun 8, 2020 • 27min
Hiring Assessments with Zach Montroy
Quote “We are trying to learn about a candidate, know how they are going to fit into the culture, and know how they are going to do the job in a very small amount of time.” - Zach The finer details of this episode How Summit CPA has struggled in the past with hiring The hiring assessments that Zach introduced to Summit CPA Why Emotional Intelligence is such an important factor in a potential employee How the EQ assessment works and how to read the results The Kolbe assessment and how to use it in your hiring process Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions/comments- cpa@summitcpa.netZach’s Website - https://navigatethejourney.com/
May 25, 2020 • 18min
PPP Loan Forgiveness
Quote “Don’t try to game the system with these. The government is going to be really scrutinizing the details with this.” - Jody Grunden The finer details of this episode Which expenses are included in loan forgivenessWhat you should do if your business uses contractors How to approach documentation What you need to know about the regulations and guidelines The timing and process to obtain forgiveness How to work with any loan that isn’t forgiven Do you need to pay taxes on the loan forgiveness? Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions/comments- cpa@summitcpa.net
May 12, 2020 • 22min
Best Books to Make You a Better CFO
Quote“It’s impossible to have all these experiences yourself, so you get that from reading books.” - Adam Hale The finer details of this episode How The E-Myth Revisited laid the framework that Jody used to set up Summit CPAHow Getting Things Done can help accountants and CFOs stay organized and on top of their workHow Summit CPA uses The 4 Disciplines of ExecutionTips for how you can develop strong reading habits Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions - cpa@summitcpa.netThe E-Myth Revisited, Michael E GerberGetting Things Done, David Allen The 4 Disciplines of Execution
Apr 27, 2020 • 37min
Using JetPack Workflow for project management with David Cristello
Quote“Project management tools are built for a defined sprint of work, but there is a big gap in recurring client management tools.” - David Cristello The finer details of this episode David’s background and how he started JetPack WorkflowWhy JetPack Workflow is a valuable project management tool for CPA firmsHow to set up JetPack Workflow in your firmWhen a firm begins to migrate into JetPack WorkflowWhy JetPack Workflow is more effective than other project management toolsHow JetPack Workflow has moved the needle on Summit CPA’s gross profitThe best way for smaller firms to adapt to a JetPack WorkflowSummit CPA’s approach to maintaining their JetPack WorkflowWhat new things are coming from JetPack Workflow in the future Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions - cpa@summitcpa.netJetPack Workflow - https://jetpackworkflow.com/
Apr 15, 2020 • 25min
PPP vs EIDL
Quote“For the clients that are really hit hard, if they are completely shut down, the Employee Retention Credit might be a good move for them.” - Adam Hale The finer details of this episode Should you apply for the PPP or EIDL?What you can do for businesses that are shut down for the foreseeable futureYour responsibility as a CPA in this crisisHow we are approaching COVID-19 with our clientsForecasting tips to help clients work through the near future Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions - cpa@summitcpa.net
Mar 30, 2020 • 27min
How to Help Your Clients Through Difficult Times
Quote“Times are different now with COVID-19, but these are conversations we need to have when the economy is doing really well.” - Adam Hale The finer details of this episode What conversations you want to be having with your clients during difficult timesHow to approach making a plan with your clients to get them back on trackHow to have difficult conversations with clientsWhy weekly meetings with a CFO can help businesses survive a rough patchTalking through layoffs, furlows, and pay cuts with your clientsWhat you can do for your clients during the COVID-19 crisis Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions - cpa@summitcpa.net
Mar 20, 2020 • 31min
Distributed Working Models
Quote“Creating a dedicated space for your work is one of the most essential things you can do when working from home.” - Adam Hale The finer details of this episode How Summit CPA became a virtual company Work from home tips from the Summit CPA team Perks of working from home Our favorite tools for working onlineHow this can actually be a blessing in disguise for your company How to support yourself and your coworkers through this quarantine period How virtual teams can support business growth even better than in-person teams Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions/comments- cpa@summitcpa.netSecoco - https://www.sococo.com/LastPass - https://www.lastpass.com/Sharepoint - https://products.office.com/en-us/sharepoint/collaborationBoxcryptor - https://www.boxcryptor.com/en/
Mar 16, 2020 • 31min
Onboarding A New Client
Quote“Every good client relationship we’ve had with Summit CPA started out positive from the very beginning.” - Adam Hale The finer details of this episode How Summit CPA approaches the onboarding processWhy we have a team designated for onboarding new clients (and why we charge extra fees)The keys to a successful onboarding processExpectations we always set with our clientsBest practices for communicating with clientsWho is involved in onboarding? What are the roles to fill?How long onboarding takes for us and what the timeline looks like Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions - cpa@summitcpa.net
Mar 2, 2020 • 27min
Structuring client meetings for success
Quote“You don’t need a silver bullet every time you meet with your client” - Jamie Nau The finer details of this episode How to prepare yourself and your client for your meetings How Summit CPA has done this in the past and how we do it now The core meetings that you need to have with your client Conversations that are important to have in your meetings How to decide and communicate who should be in each meeting What the meetings look like for each service your CPA firm offers How long your meetings should be and how frequently you should hold meetings Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions - cpa@summitcpa.net
Feb 17, 2020 • 26min
Marketing Your CPA Firm
Quote“The marketing for Summit CPA is focused on building relationships. ” - Kelly Schuknecht The finer details of this episode How to choose which priorities to focus on when marketing your CPA firmWhy good marketing is education-based and why you shouldn’t be afraid to “give out too much information”How to determine if a marketing tactic is effective or notHow to leverage the different social media platforms for brand awarenessLeveraging the team at your CPA firm for a strong marketing strategyHow to choose the right tools for marketing your businessTools we use at Summit CPA to make our marketing easier Episode resourcesSummit CPA website - www.summitcpa.netEmail us with questions - cpa@summitcpa.netHubspot - hubspot.comCanva - canva.comLater - later.com
