The HABU Accelerator Podcast Ability Resources

On this edition of the HABU Accelerator Podcast, we sit down with Jonathon Morrison who provides knowledge on navigating the complex landscape of estate and gift tax planning as it relates to current events and forecasted changes.


Jonathon guides us through ongoing tax law transitions and characteristics of those most impacted. We conclude by exploring synergies within the Optimized Gift Trust that advance traditional concepts through additional protective layers.


Clarity is brought to risks of less experienced advisors for high net worth clients.


Looking ahead, our HABU conference promises deeper dialogue on these sophisticated techniques.


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SHOW HIGHLIGHTS




Jonathon Morrison, a senior partner at Fraser, Ryan, Goldberg, and Arnold, joins me to demystify the intricacies of estate and gift tax planning in anticipation of forthcoming changes.
We delve into the urgency to capitalize on current generous exemptions that may decrease due to the scheduled sunset of the 2017 Tax Act by 2026.
The Optimize Gift Trust is introduced as an innovative estate planning tool that offers a solid defense against IRS challenges and has been well-received by CPAs and clients.
Jonathon explains the potential legislative changes, including the Build Back Better Bill, and the importance of grandfathering clauses in protecting existing estate plans.
We highlight the need for rapid execution of estate plans in response to possible reductions in gift tax exemptions and the impact of rising interest rates.
The discussion outlines the ideal client for these advanced estate planning techniques—individuals or couples with a net worth starting around $10 million.
He unravels the synergy of the Optimized Gift Trust, combining various IRS-approved mechanisms to maximize a client's access and control while providing creditor protection and estate tax exemptions.
Emphasizing the need for expertise in high-net-worth estate planning, we discuss the risks of working with less experienced attorneys.
Jonathon shares his personalized approach to trust planning, including engaging with CPA firms, utilizing dynamic financial models, and the advantages of a flat fee structure for legal services.
We invite listeners to join us at the upcoming HABU conference for in-depth discussions on these sophisticated estate planning techniques.





LINKSShow Notes

About Optimized Gift Trust




GUESTS



Jonathon MorrisonAbout Jonathon






TRANSCRIPT


(AI transcript provided as supporting material and may contain errors)





Jeff: On this edition of the Advisory Accelerator podcast, we welcome back our friend, Jonathon Morrison, senior partner at Fraser, Ryan, Goldberg and Arnold, who's going to help us navigate the incredibly complex world of estate and gift tax and discuss the optimized gift trust and how his firm partners with CPAs to help their clients optimize their estate plans. Take a listen to learn more about what it takes to accelerate your firm's advisory practice. Well, hello again everybody. This is Jeff Palow, and I am the president of the Engineered Advisory family of companies and your host for the Advisory Accelerator podcast, a show that works to help CPAs become more advisory-minded in their practices. On today's show, I'm happy to welcome back our friend, Jonathon Morrison, who is a senior partner at Fraser, Ryan, Goldberg and Arnold, and he's going to help us continue to navigate the incredibly complex world of estate and gift tax planning. As CPAs, I'm sure you've had clients who have turned to you for advice in this incredibly complex area, so I'm looking forward to today's conversation. Jonathon, welcome back to the Advisory Accelerator podcast.


Jonathon: Thanks, Jeff, I appreciate you having me. Yeah, today we're going to be talking about a really interesting solve, a turnkey solution for estate and gifts tax changes that are going to be occurring in about a year and a half, and so it's come a long way on this vehicle, but I th

On this edition of the Advisory Accelerator Podcast, I connected with Shawn Long, the CEO at ViLogics, to discuss how his firm partners with CPAs to help their clients better manage their cybersecurity infrastructure.


The threat is real, and there's quite a bit of accounting firms can do to help their clients mitigate this incredible risk. So take a listen and learn more about what it takes to accelerate your firm's advisory potential.


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SHOW HIGHLIGHTS



Shawn Long, CEO of ViLogics, shares his company's approach to providing businesses with a turnkey solution for protection against these threats.We explore the landscape of cyber threats and discuss how AI and automated hacking techniques have made it easier for cyber criminals to target businesses of all sizes.
We delve into the importance of multiple layers of protection in cybersecurity, using the metaphor of a fortress with firewalls, VPNs, and endpoint protection as various layers of defense. We also discuss the role of social engineering in cyber attacks, using the MGM Las Vegas attack as an example.
We navigate through the complexities of assessing compliance and risk requirements, a crucial first step in understanding the scope of cyber threats.
We shift our discussion to the economics of cybersecurity, examining endpoint security pricing and packages and the shared service model as a cost-effective approach to high-level security.
We tackle the challenges of recruiting and retaining cybersecurity experts, highlighting the importance of having a team of specialists available 24/7 to monitor and respond to threats.
Sean introduces us to ViLogics three packages - TSO Light, TSO Standard, and TSO Enhanced - which are designed to meet a variety of needs. He explains how the pricing model works and how it offers flexibility for businesses of all sizes.
We emphasize the importance of cybersecurity and monthly governance in maintaining a secure digital environment. We also highlight how ViLogics assists organizations in getting onboarded and safeguarded from cyber threats.
We discuss how cyber criminals are able to target unsuspecting organizations, regardless of size, and the serious repercussions of their malicious actions.
We delve into the steps that organizations can take to protect themselves from cyber threats, with Sean providing insights on how to create a fortress of protection through different layers of security.
We conclude the episode by exploring how the pricing models associated with cybersecurity services can work for businesses of different sizes, and the process of getting in touch with a sales representative to learn more about ViLogics' services.





LINKSShow Notes

About viLogics



GUESTS



Shawn LongAbout Shawn






TRANSCRIPT


(AI transcript provided as supporting material and may contain errors)



Jeff: Well, hello again everybody. This is Jeff Pawlow, and I am the president of the engineered advisory family of companies and your host for the advisory accelerator podcast, a show that works to help CPAs become more advisory minded in their practices. On today's show, I am happy to welcome Sean Long. He is the CEO at ViLogics, who will help us navigate the incredibly complex world of cybersecurity and how technological threats are becoming more prevalent and worrisome. As a CPA, I'm sure that you've had clients who have turned to you for advice in this area, so I'm really looking forward to the conversation today. Sean, welcome to the advisory accelerator podcast.


Shawn: Oh, thank you very much, Jeff, and I'm looking forward to this conversation.


Jeff: You know it's interesting how often I am hearing CPAs talk about how often they are hearing their clients approach them about some help in the cybersecurity area. So maybe we can start today with you giving a little bit of background of your firm, what the need was in the market that you sought to fill, and then we can get into some of the nuts and bolts of what's actually goi

On this episode of the Advisory Accelerator Podcast, I connect with Pat Morell, the Chief Revenue Officer at Aiwyn, to discuss how his firm partners with CPA firms to help better manage their client revenue cycle.


I learned how Aiwyn's system taps into legacy management platforms while innovating with solutions like engagement letters. Pat elaborates on drastically reducing administrative tasks and increasing billable hours.


With nearly 80 customers and strong reviews, Aiwyn is achieving success. However, what was most reassuring was Pat's emphasis on data security and reliable service.


Take a listen to learn more about what it takes to accelerate your firm's advisory practice.


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SHOW HIGHLIGHTS




Pat Morell, the co-founder and chief revenue officer of Aiwyn, joins us to discuss how their system is revolutionizing the CPA revenue process through automation, liberating CPAs from time-consuming administrative tasks.
Aiwyn’s system integrates with legacy practice management systems to automate tasks from billing to collections, to payments and account management, which enables CPA firms to focus more on client service.
We discuss the benefits of Aiwyn's system, such as increasing billable hours and improving clients' revenue. Pat shares that the pricing model is accessible for firms with as little as $2 million in top line revenue.
Pat outlines the challenges firms face when adopting a new system and explains how Aiwyn assists in overcoming these obstacles.
We provide an overview of the process of getting started with Aiwyn, which includes an initial Q&A, a demo, and understanding the pricing structure.
Pat shares the success story of Aiwyn, which currently serves almost 80 customers and has a high net promoter score.
We discuss the benefits of Aiwyn's software, its security features, and how it can help firms of all sizes, emphasizing that it can free up staff from time-consuming billing tasks.
Pat explains the details of Aiwyn's pricing model, which is designed to help firms grow. The pricing model is based on the firm's top line revenue and scales as the firm grows.
We discuss how Aiwyn's software is constantly updated and improved, with security features and uptime SLAs in place to ensure reliable and secure operation.
We conclude by expressing gratitude to Pat for his enlightening insights and to our listeners for tuning in. We encourage interested firms to reach out to Pat for more information on Aiwyn.





LINKSShow Notes

About Aiwyn



GUESTS



Pat MorellAbout Pat






TRANSCRIPT


(AI transcript provided as supporting material and may contain errors)



Jeff: Well, hello again everybody. This is Jeff Pawlow, and I am the president of the engineered advisory family of companies and your host for the advisory accelerator podcast, a show that works to help CPAs become more advisory minded in their practices. On today's episode, I'm happy to welcome Pat Morell, the chief revenue officer and co-finder of Aiwyn, who will help us explore how their system really allows CPAs to better advise their client in the areas of revenue process automation, and that includes billing, payment processing, collections and overall account management. So we've got a lot to cover today, Pat, welcome to the advisory accelerator podcast.


Pat: Jeff, thanks for having me Really excited to be here.


Jeff: You bet, and full disclosure. Not only am I interviewing Pat today, but we're also interviewing Pat and his company to be part of a solution at engineered advisory. So we're looking forward to working with you as a client and appreciate everything that you've done with us to figure out what solution is going to best meet our needs. So I'm excited to share some of what we've learned with our listeners as we go through the podcast, and one of the things that I thought was interesting on your website is you've done a nice job of kind of historically calling out what the revenue process used to be. You had pre 1980, where

On this edition of the Advisory Accelerator Podcast, Join me as I speak with Nick Sinclair, founder of TOA Global. Listen in as we discuss how TOA Global's unique model builds long-term relationships between their placements and the client's firm. It creates a seamless integration that feels like they are just down a long hallway.


Nick touches on the benefits of outsourcing for cost and talent arbitrage and the importance of effective communication in building successful remote teams.
Lastly, we discuss how the pandemic has changed how many firms view global staffing solutions.


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SHOW HIGHLIGHTS



TOA Global provides a global staffing solution through the Philippines and South Africa to help accounting firms find and retain top talent.
Their model is different from traditional outsourcing, as they help firms build a team that becomes part of the client's firm.
The COVID-19 pandemic has accelerated the acceptance of building global teams and remote working.
Language barriers are minimal with talent from the Philippines and South Africa, making communication easier.
TOA Global's staff works the same hours as their client firms, making collaboration seamless.
Outsourcing provides cost arbitrage, allowing firms to pay above-market salaries to local teams and retain the best talent.
Meaningful work improves employee attraction and retention rates.
Security measures taken in TOA Global's office environment include employee privacy, IT department investment, and bank-level security systems.
Employees work in the client's IT environment, eliminating data security risks.
TOA Global focuses on people as the biggest asset of a service-based business.





LINKSShow Notes

About TOA Global



GUESTS



Nick SinclairAbout Nick



Special Guest: Nick Sinclair.

On this edition of the Advisory Accelerator Podcast, we had the pleasure of speaking with Quinn Ricker, CEO of Jet Access Aviation. Quinn provided an in-depth look at how to use the charter program to reduce the cost of ownership and maximize the tax benefits of private plane ownership.


He explains the importance of exercising the asset, understanding the pedigree of the plane, and leveraging the upfront tax benefit of private jet ownership. In addition, Quinn touched on the importance of safety in the private jet industry and how it can lead to a great customer experience.


We discussed his insights on the world of private aviation and how it can benefit both businesses and individuals. Listen in as Quinn explains the importance of having a flight school to ensure a steady pipeline of highly trained, skilled pilots, the importance of having an FBO to store planes, as well as the need for proper maintenance and sales and acquisition services.





LINKSShow Notes

About Jet Access



GUESTS



Quinn RickerAbout Quinn



Special Guest: Quinn Ricker.

On today's episode of The Advisory Accelerator show, we're talking to Murang Pak of InVia Capital, who will help us navigate the complex world of conservation easements and how to identify when using one might be appropriate for your clients.


To make sure that nothing slips through the cracks when it comes to offering important clients proactive estate planning and tax strategies, an increasing number of firms are collaborating with members of the Advisory Accelerator. With the incredible complexity of today's tax code, no individual CPA can ever expect to have all the answers.


Learn more about what it takes to advance the advising practice at your company by listening to this.





LINKSShow Notes

About Invia Capital



GUESTS



Murang PakAbout Murang



Special Guest: Murang Pak.