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.
Benefits of Adding Outsourced Executive Services to Your Firm with Gina Cotner
Adam and Tom welcome Gina Cotner, Founder of Athena Executive Services, which provides executive assistant services. Gina explains the differences between virtual assistants and executive assistants, as well as the challenges and benefits of working with virtual assistants from different cultures. They discuss pricing models in the industry, and Gina advises on considering the compensation of assistants when choosing a service. They also delve into the onboarding process for new clients and the importance of clear communication expectations. Gina emphasizes the importance of delegating tasks that align with one's expertise and passion and shares tips for maximizing the effectiveness of executive assistants.
Mastering Conflict Resolution in the Workplace with Carol Bowser
In this episode, Tom is joined by Carol Bowser, JD, founder of Conflict Management Strategies. They discuss the impact of conflict in the workplace, the importance of creating a healthy environment, and the challenges of remote work on conflict resolution. Carol shares strategies for fostering a positive remote work culture and provides insights on navigating conflict and difficult conversations. She emphasizes the importance of effective communication, feedback, and clear expectations.
Implementing Systems to Transform Your Firm with Josh Fonger
In this podcast episode, Tom Wadelton interviews John Fonger, consultant, coach, speaker, and owner of WTS Enterprises, who specializes in helping busy entrepreneurs develop and implement effective systems in their businesses. John discusses his methodology based on the book Work the System by Sam Carpenter, which aims to help entrepreneurs work on their businesses rather than in them. He emphasizes the importance of having clear systems, documented procedures, and a systems mindset to increase productivity and reduce workload. John shares examples of clients who have successfully implemented these strategies and highlights the benefits for accounting firms.
Helping Non-finance Professionals Utilize Cash Flow Forecasting with Terrell Turner
Tom Wadelton, and special guest co-host John Scott, Virtual CFO + Legal Industry Expert, are joined by Terrell Turner, CEO of the TLTurner Group, to discuss the importance for non-finance professionals to understand financial metrics, specifically law firms. Terrell shares his insights on bridging the gap between accounting and non-finance professionals, emphasizing the need to align goals with the reality of the business. The conversation also dives into the importance of cash-flow forecasting and the evolution of forecasting tools. They highlight the value of involving non-finance professionals, such as lawyers, in the forecasting process and the benefits of networking and leveraging outside resources.
What Every Advisor Should Know About the Cannabis Industry with Guillermo Rodriguez
Tom is joined by Summit colleagues, Christy Buchanan and Guillermo Rodriguez, as they discuss the cannabis industry as a niche for accounting firms. Guillermo, a Virtual CFO specializing in the cannabis industry, shares his expertise and explains the challenges and opportunities in the industry. They discuss the differences between the cannabis industry and CBD, regulatory challenges, financial forecasting, and obstacles faced by cannabis businesses. Guillermo emphasizes the importance of building relationships with banks and navigating the challenges of banking in the cannabis industry. They also talk about valuable metrics for retailers in the cannabis space and the passion and purpose behind many cannabis business owners.
Revolutionize Your Firm's Business Solutions with Alex Sonkin
Tom chats one-on-one with Alex Sonkin, the founder of Virtual Family Office Hub, an open platform offering the best-in-class resources and services in every specialty that a family office or leading CPA firm needs to serve and benefit their most affluent clients. Alex explains the concept of family offices and the challenges faced by CPAs in providing comprehensive advice. He introduces the Virtual Family Office model, which allows business owners to access global resources. Tom and Alex also discuss the importance of due diligence, independent peer review, and continuous improvement in tax planning.
Amazing show with great content!!
Simply put: Chock-o-block full of goodness
If you want to upgrade the quality of your accounting practice, you need to listen to this show. It's so full of insight, each and every episode.
You must listen to modern CPA
I just finished listening to the most recent episode and it was like a breath of fresh air. Really great stuff. We need more of this! Thanks so much for sharing.