Scott Scarano Joins the DM Disruption!

Post Covid and Importance of Staying Present

Scott and Dawn discuss how this post-covid season is affecting their firms. Dawn brings up how the tax atmosphere has now changed, and CPA’s are expected to be doing more than ever before. Scott agrees and says that trying to get a hold of the IRS is even more challenging than it used to be, and how waiting for the IRS to respond is taking up a lot of their firm’s time. 

Scott brings up how he no longer has the notifications turned on on his phone, as he found that his time off work was still spent doing work related tasks. Dawn adds that she now uses Liscio to converse with her clients and never gives out her personal phone number to her clients; this has helped her spend more quality time with her children. 

The Sons of CPAs Podcast

Scott is the host of the Sons of CPAs podcast. Scott says that he and his colleagues are the next generation of CPAs, and that they are focused on presenting new ideas and new ways to run a successful firm. He remarks that many accounting firms may not see issues that are causing them to lack in productivity, and his podcast can help firm owners and CPAs be exposed to new ideas that may help the performance of their firm.

Dawn also talks about how she partners with other accounting firms to split certain costs and save on business expenses. She also says that it gives her a sounding board to bounce ideas off of, and it allows her to learn new ways to improve her practice.

Succession Planning for your Firm

Dawn and Scott also discuss the important step of devising a succession plan for when you choose to retire from your firm. Scott says that he sees a lot of single entrepreneurs who own their own accounting practice fail to create an easy transition for the person that either buys or takes over their firm. Many accounting firms also use old or outdated technology and refuse to update their practices, which can lead to issues when trying to grow or expand the productivity of your practice.

Scott’s Motivation

Scott also shares the story of meeting his wife while working at the same restaurant in college. He shares that she is the biggest motivation in her life, and credits her for giving him the motivation to pursue his current career path.

Check out Scott's Podcast, Sons of CPAs

https://podcasts.apple.com/us/podcast/sons-of-cpas/id1571747680

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