The Concierge CPA

77 - Roth IRA 2025 Unicorn or BS? What You Need to Know Before the April 15, 2026 Deadline

Mon, 23 Feb 2026 04:00:00 -0500

In this pilot episode of the "Tax Strategy Hot Seat," Dr. Jackie Meyer, CPA introduces a new series aimed at demystifying tax strategies for both tax advisors and taxpayers. The episode focuses on the Roth IRA, a popular retirement account that allows for tax-free growth and withdrawals under certain conditions. Jackie and her guest, Jason Ackerman, CPA, CFP®, CGMA, CEO of Wealth Rabbit, delve into common misconceptions surrounding Roth IRAs, including the complexities of backdoor Roth contributions and the importance of understanding tax implications during tax season. They emphasize the need for proper documentation and the potential pitfalls of mismanaging Roth accounts, especially for high-income earners.

🔗 Connect with Jason Ackerman, CPA, CFP®, CGMA

https://www.linkedin.com/in/jasonlackerman/

https://www.wealthrabbit.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ: https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

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Takeaways:

- Roth IRAs allow for tax-free growth and withdrawals if rules are followed.

- Many taxpayers misunderstand the complexities of backdoor Roth contributions.

- Proper documentation is crucial to avoid tax penalties when managing Roth accounts.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #Accounting #TaxAdvisory #TaxSavings #FinancialStrategies #RothIRA #TaxStrategy #TaxAdvisor #BackdoorRoth #WealthRabbit #TaxMisconceptions #RetirementAccounts #Tax-FreeGrowth #TaxSeason

76 - Health, Wealth and Tax Savings in One Strategy 401h

Mon, 15 Dec 2025 04:00:00 -0500

In this episode, Dr. Jackie Meyer, CPA and David Podell, Founder of Business Benefits Consultants, explore the 401H strategy, an underutilized tool in tax planning that offers significant tax savings and health benefits. They discuss the complexities of implementing this strategy, its benefits, and how it can be integrated into existing retirement plans. The conversation also covers common misconceptions about retirement planning and the importance of proper implementation and tracking.

🔗 Connect with David Podell

https://www.linkedin.com/in/bbconsultants/

https://businessbenefitsconsultants.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

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Takeaways:

- The 401H strategy unlocks unique tax savings and health benefits.

- Many advisors are unaware of the 401H due to its complexity.

- The 401H can be seen as a layer on top of existing retirement plans.

- It allows for triple tax-free benefits when used for medical expenses.

- Employers must track contributions and distributions carefully.

- The 401H can include a wide range of medical expenses.

- It's essential to have a knowledgeable TPA for implementation.

- The costs of setting up a 401H are comparable to other plans.

- Higher contributions are possible with the 401H strategy.

- Understanding cash flow is crucial for effective planning.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #Accounting #TaxAdvisory #401H #TaxSavings #RetirementPlanning #HealthBenefits #FinancialStrategies #AdvancedRetirementDesign #BusinessBenefits

75 - The Most Powerful Sentence You’ll Ever Learn: Stop Selling and Start Persuading

Mon, 01 Dec 2025 04:00:00 -0500

In this episode, Dr. Jackie Meyer, CPA and Neil Gordon explore the challenges professionals face in communicating their value effectively, particularly in the tax advisory field. They discuss the concept of the 'silver bullet' as a powerful persuasion technique, the evolving role of tax professionals in light of AI advancements, and the importance of redefining tax advisory to focus on proactive strategies rather than mere compliance. The discussion also touches on practical insights for improving communication and messaging in professional settings.

🔗 Connect with Neil Gordon

https://www.linkedin.com/in/neilcanhelp/

https://www.linkedin.com/company/neil-gordon-consulting/about/

https://neilcanhelp.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

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Takeaways:

- Most professionals create amazing work but struggle to communicate value.

- The silver bullet technique can transform messaging and persuasion.

- Tax compliance is becoming obsolete due to AI advancements.

- Tax advisors need to redefine their roles to focus on strategy.

- Effective communication starts with addressing the client's perceived problems.

- Understanding the audience is key to successful persuasion.

- Simplifying complex ideas can enhance client understanding.

- Proactive tax strategies lead to better financial outcomes for clients.

- The value of a tax professional lies in their advisory capabilities.

- Building relationships is crucial for maximizing existing client engagement.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #Accounting #Communication #ValueProposition #TaxAdvisory #Persuasion #SilverBullet #AITax #TaxAI #TaxPros

74 - The 831(b) Wake-Up Call: What Advisors Are Missing in Risk Management

Mon, 17 Nov 2025 04:00:00 -0500

In this episode, Dr. Jackie Meyer, CPA and Vardan Pogosian, CPA explore the effective investment strategies and the significant tax savings that can be achieved through careful financial and risk planning with captive insurance as a tax planning strategy and protection vehicle. They discuss the potential growth of investments over time, emphasizing the importance of tax deferral and the benefits of arbitrage in wealth management. Meyer and Pogosian highlight how strategic financial decisions with insurance risk planning can lead to substantial savings and growth, particularly in the context of long-term planning and insurance liquidation.

🔗 Connect with Vardan Pogosian, CPA

https://www.linkedin.com/in/vardan-pogosian-cpa-96977457/

https://pogosiantp.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

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Takeaways:

- If he does this for five years, he's going to have close to seven, eight million.

- 370K taxes per year they're saving, which over a 10 year period would add up to almost four mil.

- The deferral until you liquidate the insurance company later down the road is crucial.

- Arbitrage can significantly impact your cap gains rate.

- Long-term financial planning is essential for maximizing growth potential.

- Investments can grow substantially with the right strategies in place.

- Tax deferral plays a key role in wealth accumulation.

- Understanding cap gains is important for financial success.

- Insurance liquidation can provide additional financial benefits.

- Strategic financial decisions lead to substantial savings and growth.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #Accounting #WealthManagement #InvestmentStrategies #TaxSavings #Arbitrage #CapGains #InsuranceLiquidation #TaxDeferral #captive #insurance

73 - How to 5x Your Charitable Giving Strategy with Charitable Gift Financing

Mon, 03 Nov 2025 04:00:00 -0500

In this conversation, Dr. Jackie Meyer and Aleksander Dyo, Founder of Wealth Excel, of discuss the intricacies of charitable gift financing, a strategy that allows high-income earners to maximize their charitable contributions while minimizing tax liabilities. They explore the mechanics of the grantor's trust, the ideal clients for this strategy, and the legal validity of charitable gift financing. The discussion also addresses common myths surrounding charitable giving and emphasizes the importance of intentional philanthropy in legacy planning.

🔗 Connect with Aleksander Dyo

https://www.linkedin.com/in/aleksander-dyo

https://wealth-excel.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

---------------

Takeaways:

- Charitable gift financing has been around since 1978.

- The strategy allows for significant tax deductions on charitable contributions.

- Grantor's trusts provide asset protection and privacy for clients.

- Ideal clients are high-income earners looking for tax-efficient philanthropy.

- The strategy can be structured to minimize cash outflow during the client's lifetime.

- Clients can receive a tax deduction for the entire financed amount, not just the down payment.

- The process typically takes 45 to 60 days from start to finish.

- There are two stages of charitable giving: immediate and legacy giving.

- The strategy is validated by IRS rulings and has been tested under audit.

- Education is key to understanding and utilizing advanced charitable planning strategies.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #Accounting #CharitableGiftFinancing #WealthManagement #GrantorsTrust #Philanthropy #TaxDeductions #LegacyPlanning #FinancialServices #HighNetWorthIndividuals #TaxEfficiency

72 - You’re Not Too Rich for a Backdoor Roth: The Legal Tax Hack the IRS Actually Wants You to Use

Tue, 21 Oct 2025 04:00:00 -0500

In this episode, Dr. Jackie Meyer and Acen Hansen discuss the intricacies of the Backdoor Roth IRA and the Mega Backdoor Roth strategy, emphasizing the importance of tax-free growth for wealth accumulation. They explore common misconceptions about Roth IRAs, the mechanics of contributions and conversions, and the significance of legacy planning. The conversation also touches on financial myths and offers insights into effective tax strategies for high-income earners.

🔗 Connect with Acen Hansen

https://www.linkedin.com/in/acen-hansen/

https://legacywealthmg.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

---------------

Takeaways:

- The Backdoor Roth IRA is a powerful strategy for high earners.

- Many believe they can't contribute to a Roth IRA, which is a misconception.

- Tax-free growth is essential for building wealth over time.

- The Mega Backdoor Roth allows for larger contributions to a Roth IRA.

- Legacy planning should focus on the purpose behind wealth accumulation.

- Understanding the mechanics of Roth conversions can lead to significant tax savings.

- Qualified Opportunity Zones offer unique tax deferral benefits.

- Deductions alone do not create wealth; strategic growth does.

- Collaboration among advisors can enhance client outcomes.

- Financial myths can hinder effective wealth management strategies.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #Accounting #BackdoorRothIRA #MegaBackdoorRoth #WealthManagement #RetirementSavings #LegacyPlanning #TaxFreeGrowth #InvestmentStrategies #FinancialMyths

71 - The “Big Beautiful Bill” JUST PASSED; What Does It Mean for Your Clients and Your Firm?

Mon, 04 Aug 2025 04:00:00 -0500

*Special Edition of tax law changes webinar being released on The Concierge CPA Podcast*

Massive tax changes are here now. Are you ready to help your clients take advantage ASAP?

Congress just passed the biggest tax overhaul in years—packed with client-facing deductions and once-in-a-lifetime planning opportunities.

As an accountant, this is your chance to become indispensable.

Join us for a timely, practical webinar breaking down the key provisions of the new legislation (a.k.a. the “Big Beautiful Bill”)—and how you can proactively use them to deliver real savings and value to your clients.

Here’s Some of What We’ll Cover:

✅ 100% Bonus Depreciation Is Back—Permanently

One of the most aggressive tax tools is now locked in. We’ll cover how to use it for big-ticket purchases and strategic timing.

✅ R&D Expensing Reinstated (Retroactive to 2022)

Full expensing is back for domestic R&D. If your business-owner clients qualify, this could unlock huge deductions immediately.

✅ Permanent QBI Deduction for Pass-Throughs

The 20% deduction is now permanent—but most advisors miss out on optimizing it for high-income clients. We’ll show you how.

✅ Overhauled QSBS Exclusion Rules

New tiers, higher caps, and earlier exits. Big changes to Section 1202 open new doors for startup founders and investors—if you know how to navigate them.

✅ Tax Planning That Powers Business Growth

We’ll walk through how these provisions can be layered together for massive ROI—and how to position yourself as the expert who brings it all together.

And a lot more!!

If you’re an accountant, EA, or tax advisor…this webinar will help you:

➜ Identify new savings for clients before tax season hits

➜ Stay ahead of the curve (before competitors even mention it)

➜ Add proactive value your clients will actually feel

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🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #Accounting #TaxPlanIQ #OB3 #OBBB #OBBBA #OneBigBeautifulBill

70 - The Secret to Growing Your Business While Giving Back | Brandon Adjei

Mon, 21 Jul 2025 04:00:00 -0500

In this conversation, Dr. Jackie Meyer, CPA interviews Brandon Adjei, a CPA with a rich background in accounting and tax planning. They discuss Brandon's journey from working at major firms to establishing his own practice, the challenges faced by international clients, and the importance of IRS resolution work. Brandon shares his experiences during Hurricane Harvey, where he provided pro bono services, and emphasizes the significance of networking and involvement with organizations like AICPA. They also delve into the benefits of using TaxPlan IQ for tax planning and the necessity for accountants to adapt and grow in a changing environment.

🔗 Connect with Brandon Adjei

https://www.linkedin.com/in/brandon-adjei-79522717/

https://cpa-asap.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

---------------

Takeaways:

- Brandon's journey in accounting began with a focus on understanding the language of business.

- Networking and building relationships are crucial for success in the accounting profession.

- Pro bono work can lead to unexpected opportunities and growth in one's practice.

- IRS resolution work can be a valuable service that adds revenue streams for accountants.

- Tax planning is essential for building wealth and meeting financial obligations.

- Accountants should not shy away from expanding their services beyond tax compliance.

- The importance of being adaptable and prepared for changes in the industry.

- Self-improvement and finding one's 'why' are key to professional growth.

- Utilizing technology like TaxPlan IQ can enhance service offerings and client satisfaction.

- Accountants need to embrace change and continuously seek new opportunities.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #Accounting #IRSResolution #ProBonoWork #AICPA #TaxPlanIQ, #InternationalClients #Networking #Entrepreneurship #FinancialAdvice

69 - UK Accountant Models 7-Figure Firm In 10 Hrs/Wk. How? Feat. Reza Hooda

Mon, 07 Jul 2025 04:00:00 -0500

In this conversation, Dr. Jackie Meyer, CPA and Reza Hooda, Coach & Mentor to Accountants with The Profitable Accountants Community, discuss the transformative journey of Reza from a traditional accounting background to modernizing his practice through value pricing and effective client engagement strategies. They explore the importance of pricing psychology, positioning, and the four pillars of success in building a thriving accounting firm. Reza shares his insights on the challenges faced by accountants and the necessity of niching down to attract the right clients. The discussion also touches on the impact of mentorship and continuous learning in achieving business growth and personal freedom.

🔗 Connect with Reza Hooda

https://www.linkedin.com/in/rezahooda/

https://www.rezahooda.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

---------------

Takeaways:

- Reza transitioned from a traditional accounting firm to a modern practice.

- He emphasizes the importance of value pricing over hourly billing.

- The journey of learning and transformation is crucial for accountants.

- Positioning and client engagement are key to attracting the right clients.

- Pricing psychology can significantly impact profitability.

-Reza's book outlines practical steps for accountants to succeed.

- Mentorship played a vital role in Reza's business transformation.

- Narrowing down the target audience helps in effective marketing.

- Building a firm should provide time, money, and freedom.

- Continuous learning is essential for growth in the accounting profession.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #FinancialAdvisor #AccountingFirmOwners #TaxPlanIQ #FinancialStrategies #Accounting #ValuePricing #BusinessTransformation #ClientEngagement #PricingPsychology #AccountingFirmSuccess #ModernAccounting #Mentorship #BusinessGrowth #FinancialFreedom

68 - How One Guy Became Every Trusted Advisor in the Room & The Coach, w/ Chris Papin

Mon, 23 Jun 2025 04:00:00 -0500

In this episode, Dr. Jackie Meyer, CPA speaks with Christopher C. Papin, JD, CPA, a multifaceted professional with experience as a CPA, attorney, and insurance producer. They discuss the evolving landscape of accounting and client demands, the importance of a holistic approach to advisory services, and the changing perceptions of insurance. Chris shares insights on navigating the upcoming estate tax changes and the implications of new legislation. The conversation wraps up with rapid-fire questions and actionable advice for professionals in the field.

🔗 Connect with Christopher C. Papin, JD, CPA

https://www.linkedin.com/in/chrispapin/

https://www.papincpa.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

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Takeaways:

- The new format aims to provide actionable insights in a shorter time frame.

- Chris Papin emphasizes the importance of being a trusted advisor across multiple disciplines.

- Clients are increasingly seeking more than just compliance work from their advisors.

- Understanding the emotional connection clients have with money is crucial for effective advising.

- Insurance often has a negative perception due to sales tactics, but it can be a valuable tool when used correctly.

- The 2026 estate tax sunset requires proactive planning for those affected.

- Legislation changes can significantly impact tax strategies, and professionals need to stay informed.

- Basic tax strategies are often overlooked but are essential for effective financial management.

- Technology and AI are transforming the advisory landscape, and professionals must adapt to these changes.

- Taking action and engaging with clients is vital for building strong relationships and providing value.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #FinancialAdvisor #AccountingFirmOwners #TaxPlanIQ #PapinCPA #Accounting #InsuranceTaxPlanning #EstateTax #ClientAdvisory #FinancialStrategies #BusinessConsulting #TaxCompliance #ProfessionalServices

67 - Scaling Smart: Matt Tait on Building a Firm With People, Process, and Profit

Tue, 27 May 2025 04:00:00 -0500

In this episode of The Concierge CPA Podcast, Dr. Jackie Meyer interviews Matt Tait, founder and CEO of Decimal, a firm that leverages AI and technology to enhance accounting operations. Matt shares his journey from being a lawyer to creating a client-centric accounting experience, emphasizing the importance of technology in streamlining workflows and improving client engagement. The conversation also delves into the significance of fixed fee pricing, the role of AI in automating accounting tasks, and the value of strategic partnerships in the accounting industry. In this conversation, Matt Tait and Dr. Jackie Meyer discuss the intricacies of partnerships in tax advisory, the challenges of scaling service-based companies, and the importance of hiring and training in a global workforce. They emphasize the need for transparency in outsourcing bookkeeping and share insights from case studies in the industry. The discussion also touches on personal experiences and fun insights during a lightning round.

🔗 Connect with Matt Tait

https://www.linkedin.com/in/mtait83/

https://www.decimal.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

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Takeaways:

- Decimal focuses on creating the best client experience.

- The accounting industry needs to prioritize client service over internal processes.

- AI can automate many daily accounting tasks, but human oversight is still essential.

- Fixed fee pricing can alleviate client concerns about billing.

- Technology should enhance, not replace, the accountant's role.

- Daily financial updates are more beneficial than traditional month-end closes.

- Collaboration with other firms can expand service offerings and client base.

- Understanding client needs is crucial for effective service delivery.

- AI can assist in drafting communications but should not replace personal touch.

- Strategic partnerships with tech companies can optimize accounting workflows. There's a big disconnect between tax advisors and compliance partners.

- Clear relationship guidelines are essential for successful partnerships.

- Cultural values play a significant role in hiring.

- Flexibility in work hours can enhance employee satisfaction.

- Providing growth opportunities is crucial in retaining talent.

- Transparency in outsourcing can alleviate client concerns.

- Quality of work is often a misconception in outsourcing.

- Training and onboarding are vital for successful integration.

- Technology should be leveraged to improve efficiency.

- Understanding client expectations is key to successful service delivery.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #FinancialAdvisor #AccountingFirmOwners #TaxPlanIQ #Decimal #AIAccounting #ClientExperience #Bookkeeping #Technology #FixedFeePricing #AccountingPartnerships #WorkflowAutomation #Reconciliations #AccountingInnovation #TaxAdvisory #Partnerships #ServiceCompanies #Hiring #Outsourcing #BookkeepingTransparency #CaseStudies #IndustryInsights #Automation

66 - How to Save $8 Million in Estate Taxes with One Strategic Move (Before 2026)

Mon, 12 May 2025 04:00:00 -0500

In this conversation, Dr. Jackie Meyer and Justin Baker delve into the intricacies of estate tax planning, discussing the current landscape of estate tax exemptions, the role of CPAs in estate tax planning, and the importance of proactive engagement with clients. They explore the dynamics of unexpected estate tax bills and provide practical examples of how effective planning can lead to significant tax savings. The discussion emphasizes the need for collaboration between CPAs and estate planning attorneys to ensure clients are well-informed and prepared for potential estate tax liabilities. In this conversation, Dr. Jackie Meyer and Justin Baker delve into the intricacies of estate tax planning, discussing various strategies for both closely held businesses and clients with liquid wealth. They explore the costs associated with setting up estate structures, the importance of proactive planning, and the various tools available to optimize tax savings. The discussion emphasizes the need for CPAs to initiate conversations about estate planning with their clients, highlighting the potential for significant tax savings and the value of collaboration in providing comprehensive financial advice.

🔗 Connect with Justin Baker

https://www.bakerwealthstrategies.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

---------------

Takeaways:

- Estate tax planning is crucial for long-term financial health.

- The current estate tax exemption is set to change in 2026.

- Only 0.2% of American households currently pay estate tax.

- CPAs should integrate estate tax planning into their services.

- Unexpected estate tax bills can strain family relationships.

- Proactive engagement can help identify potential estate tax issues.

- Mitigation strategies vary based on asset types and liquidity.

- Effective planning can save clients millions in estate taxes.

- Collaboration between CPAs and estate attorneys is essential.

- Understanding the estate tax code can empower clients. Understanding estate tax exposure is crucial for clients.

- Consultation for estate planning can be cost-effective.

- Family Limited Partnerships (FLPs) are useful but scrutinized by the IRS.

- Optimizing existing estate structures can lead to significant tax savings.

- Generational planning can utilize older generations' estate tax exemptions.

- Proactive estate planning conversations are essential for CPAs.

- Immediate tax benefits can arise from long-term estate planning strategies.

- Annual reviews should include discussions on estate planning.

- Collaboration between CPAs and estate planners enhances client service.

- There are numerous tools available to mitigate estate tax risks.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #FinancialAdvisor #AccountingFirmOwners #TaxPlanIQ #EstateTaxPlanning #StateTaxExemption #EstatePlanningAttorney #TaxSavings #WealthManagement #EstateTaxExposure #TaxBillMitigation #EstateTax #EstatePlanning #WealthManagement #FamilyLimitedPartnership #CharitableTrusts #GenerationalPlanning #CPAAdvice #TrumpTaxes

65 - Retirement Plans Aren’t Just for Retirement: How to Use Solo 401(k)s to Build Net Worth & Save on Taxes

Mon, 07 Apr 2025 04:00:00 -0500

In this episode of The Concierge CPA Podcast, Dr. Jackie Meyer discusses recent tax news and insights with David Podell, Founder of Business Benefits Consultants. They explore the implications of the IRS's expansion of the free file program, the impact of smaller tax refunds on clients, and the hiring of new auditors. The conversation shifts to retirement planning, focusing on the benefits of solo 401(k) plans, government incentives for small employers, and common misconceptions about retirement contributions. The episode concludes with a lightning round of questions, providing light-hearted insights into the world of tax and finance.

🔗 Connect with David Podell

https://www.linkedin.com/in/bbconsultants/

https://businessbenefitsconsultants.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

---------------

Takeaways:

- The IRS is expanding their free file program, which may impact tax professionals.

- Clients are experiencing smaller refunds due to fewer pandemic-era credits and inflation.

- Retirement plans can provide significant tax benefits for business owners.

- Many individuals under-contribute to retirement plans, highlighting the need for better education.

- Auto-enrollment in retirement plans is helping increase participation rates.

- Solo 401(k) plans allow for higher contribution limits compared to other retirement plans.

- Government incentives are available for small employers setting up retirement plans.

- Common misconceptions about retirement plans can lead to missed opportunities for tax savings.

- It's important to regularly review retirement plans to ensure compliance and maximize benefits.

- Investing in oneself is crucial for long-term success in financial planning.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #FinancialAdvisor #AccountingFirmOwners #TaxPlanIQ #DavidPodell #TaxNews #RetirementPlanning #Solo401k #IRSUpdates #FinancialAdvice #TaxDeductions #GovernmentIncentives #BusinessBenefits

64 - How to Set Boundaries, Avoid Burnout, and Actually Enjoy Busy Season

Mon, 31 Mar 2025 04:00:00 -0500

In this episode, Dr. Jackie Meyer interviews Amy Vetter, a CPA, yogi, and author, discussing her unique journey in the accounting profession and the importance of finding balance in work and life. They explore the B3 method, practical steps for achieving work-life harmony, the significance of technology in accounting, and the value of advisory services. The conversation also touches on coaching programs and the need for effective communication in professional settings, culminating in a rapid-fire round of fun questions.

🔗 Connect with Amy Vetter, MBA, CPA, CITP, CGMA, CSP, RYT

https://www.linkedin.com/in/amyvettercpa

https://www.amyvetter.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

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Takeaways:

- Amy Vetter emphasizes the importance of self-reflection in the accounting profession.

- The B3 method focuses on integrating business, balance, and bliss into daily life.

- Setting boundaries and protecting your time is crucial for work-life balance.

- Practical steps like taking breaks between meetings can enhance productivity.

- Coaching programs can help individuals break patterns and create new habits.

- Technology should be utilized to its full potential in accounting practices.

- Effective communication is key to maintaining boundaries in meetings.

- Finding joy in small activities is essential during busy seasons.

- Understanding the purpose of technology can improve client experiences.

- Advisory services can create meaningful impacts on clients' businesses.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #FinancialAdvisor #AccountingFirmOwners #TaxPlanIQ #AmyVetter #TaxNews #BusinessBalance #Coaching #AccountingTech #Advisory #B3Method #WorkLifeBalance

62 - Captive Insurance: Navigating the 831(b) "Secret" Tax Strategy with Trump Back in Office

Mon, 17 Mar 2025 16:45:00 -0500

In this episode, Dr. Jackie Meyer and Van Carlson, CEO of SRA 831(b) Admin, discuss the complexities of risk management and the role of 831B captive insurance in modern business. They explore the evolution of risk since the introduction of the 831B tax code, the challenges posed by IRS regulations, and the importance of understanding unique business risks. Van emphasizes the need for business owners to educate themselves about risk management tools and the significance of proactive planning in navigating the complexities of insurance and compliance, especially as the Trump administration makes changes.

🔗 Connect with Van Carlson

https://www.linkedin.com/in/vancarlson

https://www.831b.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.

Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!

---------------

Takeaways:

- Risk management is crucial for entrepreneurs.

- The 831B tax code allows for self-insuring unique risks.

- IRS regulations can complicate captive insurance strategies.

- Business owners should assess their unique risks regularly.

- Captive insurance can provide tax planning & financial advantages if managed correctly.

- Understanding the lifecycle of a captive is essential for business owners.

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#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #FinancialAdvisor #AccountingFirmOwners #TaxPlanIQ #831B #CaptiveInsurance #RiskManagement #IRSregulations #BusinessInsurance #Entrepreneurship #TaxStrategy #BusinessRisks #InsuranceCompliance #trump2024 #trumpupdate

- Education is key to making informed decisions about risk management.

- The landscape of risk is evolving with technology and market changes.

- Collaboration with CPAs and financial advisors is vital.

- Captive insurance is not just for large corporations; small businesses can benefit too.

61 - Future-Proof Your Taxes with a LIRP: The Secret to Tax-Free Wealth with Dave Spence

Fri, 31 Jan 2025 04:00:00 -0500

In this episode of The Concierge CPA Podcast, Dr. Jackie Meyer interviews Dave Spence, founder of Tax-Free Tutors. They dive into advanced tax strategies, including the Life Insurance Retirement Plan (LIRP), and discuss how to create scalable accounting practices. Learn about overcoming industry challenges, identifying red flags in partnerships, and building tax-free income sources for the future. This episode is packed with actionable insights for accountants and financial advisors looking to elevate their services and plan for long-term success.

🔗 Connect with Dave Spence, CPA, CFP, CLU, PFS

https://www.linkedin.com/in/davespencecfp/

https://taxfreetutors.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com.

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.

---------------

In this episode of The Concierge CPA, Dr. Jackie Meyer sits down with Dave Spence, founder of Tax Free Tutors, to discuss innovative strategies for building tax-free wealth and addressing long-term financial security. Together, they explore the advantages of a Life Insurance Retirement Plan (LIRP), often referred to as a “Super Roth.” This strategy leverages after-tax contributions to create a tax-free income stream for retirement, offering benefits such as long-term care funding and legacy planning. Dave emphasizes the importance of diversification and using tools like LIRPs, Roth IRAs, and other tax-free options to shield wealth from the inevitable rise in tax rates driven by national debt and economic pressures.

Dave shares his journey from CPA to financial advisor, highlighting his passion for helping clients and professionals alike understand the power of tax-free wealth strategies. With debt levels surpassing historical highs and inflation on the rise, both agree that proactive tax planning is more critical than ever. They discuss key insights, including how tax brackets could dramatically increase in the coming decades, making it essential for individuals to secure tax-free income sources now.

For accounting professionals, the conversation offers valuable takeaways on integrating LIRPs into a broader accounting and financial growth strategy. Dave provides real-world case studies, showing how clients can turn significant contributions into decades of tax-free retirement income. They also touch on common misconceptions about life insurance and how modern LIRPs can be an efficient component of a well-rounded financial plan.

Whether you’re looking to enhance your accounting advisory services or secure your own financial future, this episode delivers actionable insights into long-term planning. To learn more about LIRPs and other strategies for tax-free wealth, listen to the full conversation and connect with Dave Spence on LinkedIn or visit Tax Free Tutors. Don’t miss out on practical advice to elevate your accounting firm and your clients’ financial well-being.

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#JackieMeyer #AccountingFirmGrowth #AccountingFirmGrowthStrategy #AccountingGrowth #LifeInsuranceRetirementPlan #TaxFreeWealth #TaxPlanning #RetirementPlanning #FinancialFreedom #AccountingTips #BusinessGrowth #FinancialPlanning #TaxStrategies #RetirementStrategy #WealthManagement #PersonalFinance #CPA #FinancialAdvisor #InsurancePlanning #AccountingFirmOwners #TaxPlanIQ

60 - How to Scale an Accounting Firm with Divakar Vijayasarathy of DVS Advisory Group

Tue, 21 Jan 2025 16:30:00 -0500

In this episode of The Concierge CPA Podcast, Dr. Jackie Meyer interviews Divakar Vijayasarathy, CEO and founder of DVS Advisory Group. Divakar shares his inspiring journey from humble beginnings to leading a global firm, offering insights into overcoming challenges in accounting, building scalable practices, and fostering innovation. Learn how to approach partnerships, embrace cultural alignment, and redefine success in the accounting industry. Perfect for accountants, entrepreneurs, and professionals seeking actionable advice to scale their businesses and achieve growth!

00:03:32 Tell us a little bit about your background and where you are today.

00:06:41 How did you turn your life around after starting in challenging circumstances?

00:10:03 How much personal responsibility does one take versus relying on fate in life?

00:14:51 Who do you service with your company? Do you work only with high-net-worth clients or smaller firms as well?

00:16:28 What are the chronic challenges accounting firms face that impact scalability?

00:19:47 What makes DVS unique in its business approach compared to traditional accounting firms?

00:24:20 What red flags do you watch out for when partnering with firms?

00:26:12 What are the most important factors you consider in a partner's mindset?

🔗 Connect with Divakar Vijayasarathy

https://www.linkedin.com/in/divakar-dvs/

https://www.onedvs.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie’s work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

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In this episode of The Concierge CPA, Dr. Jackie Meyer sits down with Divakar Vijayasarathy, founder and CEO of DVS Advisory Group, to discuss scaling accounting firms, addressing industry challenges, and achieving sustainable growth. With offices in the U.S., Dubai, Singapore, and India, Divakar brings a global perspective to accounting firm growth and shares how his company has achieved over $200 million in annual revenue by aligning entrepreneurial vision with effective execution strategies.

Divakar highlights the need for accountants to transition from compliance-based services to value-driven advisory work, emphasizing that accounting firm growth depends on innovation, collaboration, and strategic alignment with government incentives. By integrating business services with tax advisory, DVS Advisory Group has created a model that transforms firms into value-creation engines, empowering accountants to offer comprehensive solutions beyond traditional services.

A key theme of the discussion is the role of mindset in an accounting firm growth strategy. Divakar stresses the importance of collaborative leadership and removing operational bottlenecks to unlock entrepreneurial potential. His approach to acquiring CPA firms focuses on empowering partners to scale by providing capital, leadership, and operational support. He encourages accountants to envision their firms as institutions, rather than practices, to foster long-term success and adaptability.

Jackie and Divakar also explore the intersection of technology and accounting growth. They discuss how AI and automation can alleviate compliance burdens, enabling accountants to focus on strategic advisory roles. Divakar explains why ownership models, talent acquisition, and execution control are critical factors for scaling firms and outlines how his team has leveraged these principles to achieve global success.

Looking ahead, Divakar predicts a transformation in the accounting profession, driven by a shift from transactional engagements to outcomes-based partnerships. By aligning their services with government priorities and market demands, accountants can unlock new revenue streams and create meaningful value for their clients.

This episode is packed with actionable insights for accountants, CPAs, and EAs looking to embrace growth opportunities and redefine their firms. If you’re ready to explore new paths for accounting firm growth, this conversation will leave you inspired and equipped to take the next steps.

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#drjackiemeyer #jackiemeyer

59 - How Top Accounting Firms Are Dominating with Heidi Henderson of ETS (Sponsored by TaxPlanIQ)

Mon, 13 Jan 2025 04:00:00 -0500

In this episode, Dr. Jackie Meyer sits down with Heidi Henderson to discuss how CPAs can implement cutting-edge tax strategies while managing heavy workloads. They dive into passive vs. active participation, strategic partnerships, and the latest audit trends. Whether you're a CPA or a business owner, this conversation is packed with valuable insights to help you optimize tax planning and elevate your practice!

00:10:06 How do CPAs practically implement complex tax strategies while managing overwhelming workloads?

00:10:29 How can accountants strategically offer new service lines without overwhelming their current operations?

00:11:39 What is the difference between passive and active material participation in real estate for tax purposes?

00:17:34 What role does strategic partnership play in enhancing CPA firms' service offerings?

00:18:00 What is the process for integrating a new tax strategy with minimal client disruption?

00:20:47 How can CPAs effectively reduce clients' income tax liabilities using innovative strategies?

00:30:02 What trends are you seeing in audits related to emerging tax strategies?

🔗 Connect with Heidi Henderson

https://www.linkedin.com/in/heidihendersonets/

https://engineeredtaxservices.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie’s work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

---------------

In this episode of The Concierge CPA Podcast, Jackie Meyer, CPA, engages in an insightful conversation with Heidi Henderson, Executive VP at Engineered Tax Services (ETS). Heidi shares her journey from a traditional accounting career to her current role, where she focuses on creating innovative tax strategies and fostering strategic partnerships to help clients and CPA firms optimize tax outcomes. The discussion covers the evolution of accounting, the importance of advisory services, and trends shaping the future of the profession.

Heidi highlights her entry into tax consulting through her sister’s encouragement and emphasizes how ETS specializes in tax credits and incentives such as cost segregation, R&D tax credits, and energy-related tax benefits like 45L and 179D. These strategies provide substantial savings for businesses and real estate investors, with cost segregation standing out as a powerful tool to maximize first-year depreciation and overall tax savings.

A significant portion of the conversation focuses on the necessity of building strategic partnerships between CPA firms and specialty tax providers like ETS. Heidi explains that many CPA firms struggle to shift from compliance to advisory services, often due to staffing shortages and capacity issues. ETS steps in to assist firms with implementing scalable tax strategies, enabling CPAs to focus on higher-value client relationships. This partnership approach positions CPAs as trusted advisors while ensuring clients receive comprehensive tax planning services.

Audit trends also feature prominently in the discussion, particularly the detailed audit support ETS provides for tax strategies. Heidi emphasizes that cost segregation is not a red-flag item for the IRS and that ETS ensures compliance through meticulous documentation, including detailed asset breakdowns. This audit-ready approach allows firms to confidently offer tax-saving opportunities without fear of regulatory pushback.

As the industry embraces technology, Heidi underscores the balance between automation and maintaining the personal touch that clients value. While ETS integrates advanced systems to streamline processes, the firm remains committed to delivering white-glove service. Heidi also discusses how ETS helps firms navigate emerging audit trends and capitalize on innovative tax strategies to stay ahead.

Closing out the episode, Heidi and Jackie touch on how tax strategies like short-term rentals can help clients build generational wealth. They also explore how modern pricing models, such as subscription-based and value pricing, enable firms to offer tax planning as a high-margin service. This shift, Heidi notes, represents an exciting evolution in the accounting profession.

Listeners are encouraged to embrace curiosity and innovation, leveraging tools like ETS and TaxPlanIQ to transform their firms. Heidi’s passion for helping others and her dedication to fostering strategic partnerships make this episode a must-listen for accounting professionals seeking to enhance client relationships and deliver impactful tax strategies.

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#drjackiemeyer #jackiemeyer

58 - Revolutionizing Accounting: AI, Workflow Solutions, and the Future with Chris Farrell

Wed, 08 Jan 2025 13:30:00 -0500

In this episode of The Concierge CPA Podcast, Dr. Jackie Meyer sits down with Chris Farrell, CEO of Liscio, to explore the future of accounting practices. They discuss how AI and digital transformation are reshaping workflows, enhancing client communication, and streamlining operations. Chris shares insights into the importance of secure client portals, the shift towards self-service tools, and the role of technology in improving client experiences. Tune in for expert advice on how accounting firms can embrace change and thrive in the digital age.

00:12:50 What is the biggest challenge accounting firms are facing today?

00:20:45 How can firms improve client experience in the modern era?

00:23:30 What are some of the best tools for streamlining workflows?

00:28:10 What role does AI play in transforming accounting practices?

00:31:45 How do firms ensure data security while adopting digital tools?

00:35:55 How do you recommend firms start transitioning to new technologies?

00:39:20 What are the key benefits of using portals for client interactions?

00:43:30 What advice would you give to accountants about embracing change?

🔗 Connect with Chris Farrell

https://www.linkedin.com/in/chris-farrell-liscio/

https://www.liscio.me/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie’s work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

---------------

In this episode of The Concierge CPA, Dr. Jackie Meyer hosts Chris Farrell, CEO of Liscio, to discuss advancements in accounting technology, with a focus on improving client experience and reducing administrative burdens. Chris brings unique insights from his CPA background and 15 years in software development, emphasizing that the best workflow system for accounting firms is one that prioritizes the client experience.

Chris highlights that many current tools create inefficiencies by scattering communication across email silos, texts, and multiple portals, which frustrates both firms and their clients. Liscio solves this by integrating all client interactions into one secure portal, creating a smooth, centralized process. This approach transforms how firms manage client data, making administrative tasks—like tax organizers—faster and easier. By leveraging modern accounting technology, Liscio reduces tasks that traditionally take hours to mere minutes, streamlining operations and freeing accountants to focus on higher-value advisory services.

A key theme of the discussion is the role of AI in accounting and how technology is reshaping the profession. Chris predicts that AI in accounting will not replace advisory roles but will revolutionize administrative functions, allowing accountants to spend more time building relationships and providing strategic advice. By automating repetitive tasks like data gathering and document organization, AI in accounting enables firms to offer more personalized services that enhance client trust and satisfaction.

Chris also emphasizes the importance of adopting modern tools to improve the client experience. He draws parallels to the banking industry, where apps and secure portals have become standard. By offering a similarly seamless experience, accounting firms can elevate their service delivery, retain clients, and attract new ones. Accounting technology like Liscio empowers firms to respond quickly to client needs, organize data efficiently, and build strong, lasting relationships.

Looking ahead, Chris envisions a significant shift in how firms operate, driven by advances in accounting technology and AI in accounting. He predicts that firms adopting these innovations will see dramatic improvements in profitability and client satisfaction within the next two years. As administrative work decreases, accountants will have more time to focus on advisory services, transforming their roles and increasing the value of their practices.

Chris concludes with a call to action: now is the time for accounting professionals to embrace these changes, prioritize client experience, and leverage technology to build more rewarding and efficient firms. The future, he says, is bright for those ready to adapt.

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#drjackiemeyer #jackiemeyer

57 - How Collaboration Multiples Success: Anton Anderson's Blueprint for Advisors and VFO’s

Wed, 20 Nov 2024 10:30:00 -0500

In this episode, Jackie Meyer sits down with Anton Anderson to discuss the essentials of strategic partnerships between financial advisors and accountants. Anton shares his expertise on creating a virtual family office, establishing valuable advisor-CPA relationships, and the importance of proactive client support. Together, they cover practical steps for finding the right partners, avoiding common pitfalls, and exploring industry initiatives designed to strengthen collaboration and client value.

2:01 How did you get into financial planning and wealth management?

4:08 How would you define a virtual family office?

6:02 What do you think about the relationship between accountants and financial advisors?

9:03 How can advisors prove themselves as quality partners to CPAs?

11:52 Can you explain the initiative we’ve been working on together?

17:31 Why do you think strategic partnerships are important?

20:01 How can accountants become more proactive for clients?

22:22 Do you have any upcoming initiatives you can share?

30:30 What are red flags when building partnerships?

🔗 Connect with Anton J Anderson

https://www.linkedin.com/in/antonjanderson/

https://elitert.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie’s work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

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In this episode of the Concierge CPA Podcast, Jackie Meyer, CPA, is joined by Anton Anderson, CEO of Elite Resource Team (ERT), to discuss the power of strategic partnerships between accountants and financial advisors. Anton shares his journey from financial advising to establishing ERT, which trains advisors and accountants to create effective accounting partnerships and virtual family offices. Together, they explore how collaboration can provide better client outcomes, streamline processes, and boost revenue.

Anton highlights the importance of building partnerships that focus on leveraging individual strengths rather than trying to master every service independently. The conversation emphasizes how proactive collaboration, backed by a network of niche experts, can result in significant tax savings, better planning strategies, and stronger client relationships.

Jackie and Anton also address common stereotypes between advisors and accountants, offering practical tips on how to break down barriers and create successful, long-term collaborations. They share inspiring success stories, including one where a partnership resulted in millions in tax savings for clients while creating substantial revenue for the advisors involved.

Finally, the episode previews the duo’s ongoing initiative to integrate ERT’s virtual family office model with TaxPlanIQ’s tax planning tools, aiming to redefine the advisory landscape. Whether you’re an accountant or a financial advisor, this episode offers actionable insights on how to build partnerships that deliver exceptional value.

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#drjackiemeyer #jackiemeyer

56 - How to Benchmark Better for Advisors

Wed, 13 Nov 2024 11:30:00 -0500

Join Jackie Meyer as she interviews Susan Bell, co-founder of Vertical IQ, to uncover how this industry research platform empowers advisors and firms to stand out through detailed benchmarking data, cash flow insights, and industry-specific guidance. Learn how Vertical IQ’s trusted advisor model, along with its integrations and customizable data, can elevate client advisory services across accounting, banking, and beyond.

00:01:25 What is Vertical IQ?

00:02:02 How does an advisor typically use Vertical IQ?

00:04:15 Does Vertical IQ include benchmarking data?

00:07:27 What inspired the founding of Vertical IQ?

00:10:04 Why is cash flow so important in business?

00:11:13 How can Vertical IQ help firms stand out?

00:13:46 What are Vertical IQ's key accomplishments and future goals?

00:22:50 How does Vertical IQ act as a trusted advisor?

00:24:23 How is technical expertise beneficial in sales roles?

00:25:32 How does Vertical IQ stand out in the benchmarking data market?

00:27:36 Can Vertical IQ help clients expand or relocate?

00:28:40 Are more firms embracing advisory services?

🔗 Connect with Susan Bell

http://linkedin.com/in/susan-bell-5625385

https://verticaliq.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie’s work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

---------------

In this episode of The Concierge CPA, Dr. Jackie Meyer, CPA, hosts Susan Bell, co-founder and Chief Sales Officer of Vertical IQ, to explore how benchmarking and industry-specific data empower tax advisory and other advisory services. They discuss Vertical IQ’s platform, which provides industry research, financial data, and insights tailored for accountants, bankers, and advisors looking to provide deeper client engagement.

Susan explains how Vertical IQ helps advisors understand their clients’ industries by offering up-to-date trends, risks, and economic data. This data enables advisors to benchmark client performance, enhance advisory services, and tailor tax strategies specifically for industries like healthcare, finance, and local businesses. Through tools like peer-to-peer comparisons and detailed industry benchmarks, advisors can deliver more precise, valuable insights to clients, making tax advisory not just theoretical but highly practical.

They also touch on the importance of staying curious and asking the right questions—a crucial part of providing advisory services. Vertical IQ’s platform allows advisors to make these interactions meaningful by presenting data in a way that is co-branded, easily digestible, and highly relevant to the client’s specific industry.

As the episode wraps up, Jackie and Susan discuss Vertical IQ’s expansion, including partnerships that integrate Vertical IQ’s data with other systems, from banking to tax planning software like TaxPlanIQ. They emphasize the growing demand for benchmarking and advisory services, with a vision to help firms differentiate themselves by becoming cherished advisors rather than just compliance professionals.

This conversation offers valuable takeaways for CPAs and advisors eager to grow their practice by providing tax advisory and benchmarking insights to clients across various industries.

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#drjackiemeyer #jackiemeyer

55 - Maximize retirement with this low risk, high benefit tax strategy for entrepreneurs w/Jennifer Baker

Mon, 04 Nov 2024 16:00:00 -0500

In this episode of the Concierge CPA Podcast, Dr. Jackie Meyer talks with Jennifer Baker, a seasoned wealth manager specializing in advanced retirement planning strategies for high-income earners. Together, they cover cash balance plans, how they work, and who can benefit most from them, plus Jennifer’s journey from CPA to Certified Financial Planner, navigating the world of independent financial advising. Don’t miss the in-depth conversation on strategies that can make a significant difference for tax-conscious business owners.

00:01:07 What are the differences between defined benefit plans and cash balance plans?

00:02:04 How did you get into wealth management?

00:02:58 Can you tell me about your firm's services?

00:04:38 How would you describe a cash balance plan?

00:07:20 Why are cash balance plans lucrative for taxpayers?

00:08:32 Can you explain how someone can pre-stack benefits in a cash balance plan?

00:11:26 What are the key parameters for a cash balance plan?

00:13:04 Who are cash balance plans good for?

00:17:16 What makes a cash balance plan flexible?

00:18:20 Why did you start your own company?

00:19:48 How do you manage work-life balance as a business owner?

00:21:16 Who is the ideal client for your firm?

00:22:30 What’s your view on retirement planning for business owners?

00:23:54 What sets successful accounting firms apart?

🔗 Connect with Jennifer Baker

https://www.linkedin.com/in/jennifer-baker-wealth-strategies

https://www.bakerwealthstrategies.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie’s work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

---------------

In this episode of The Concierge CPA, host Dr. Jackie Meyer, CPA, chats with Jennifer Baker, CPA, CFP®, of Baker Wealth Strategies, about wealth management and tax strategies tailored for business owners. They dive into how cash balance and defined benefit plans can serve as powerful tax deductions for business owners, focusing on the best tax deductions for entrepreneurs and strategies to maximize retirement income.

Jennifer highlights her journey from tax to wealth management and shares valuable insights on leveraging cash balance plans. These plans allow high-income earners to make significant, tax-deductible contributions, sometimes over $1 million, resulting in immediate tax savings. The discussion clarifies key distinctions between defined contribution plans, like 401ks, and defined benefit plans, showcasing how cash balance plans offer flexible, high-limit contributions beneficial for those nearing retirement.

A major focus is on Jennifer’s collaborative approach with CPAs to help clients implement tax strategies effectively, working as an extension of the tax advisor team. Her firm’s philosophy prioritizes a seamless client experience, ensuring that tax-saving strategies are executed with precision. Jennifer emphasizes working with qualified intermediaries and actuaries to tailor plans that suit individual client needs.

The episode also addresses the importance of balancing business reinvestment with securing funds for retirement, underscoring tax-efficient planning for high-net-worth clients. Jennifer’s insights offer a practical guide for CPAs and advisors on supporting entrepreneurs in reducing tax burdens while growing wealth.

This episode is a must-listen for those interested in advanced tax deductions for entrepreneurs. For more, Jennifer invites listeners to reach out, specializing in wealth strategies for high-income earners and entrepreneurs.

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#drjackiemeyer #jackiemeyer

54 - Advanced 1031 Like-Kind Exchange Real Estate Strategies Everyone Should Know With Michael Scherer

Thu, 17 Oct 2024 15:30:00 -0500

1:42 Michael Scherer, tell me a bit about your company and how did you get to where you are today?

2:40 What makes 1031's so complex? Tell us more about that.

3:31 There are certain little tips and tricks that I like to throw out there around 1031 exchanges that people can get trapped in

4:35 There are certain states that don't necessarily recognize like kind exchanges like others. Is that correct?

5:59 What are some other things to kind of look out for and who's a good...how would a tax advisor identify the right clientele for like kind exchanges?

8:45 The like-kind exchange used to qualify a lot of different types of property. Now it's specific to real estate and investment property. Is that correct?

9:31 Tell us a little bit more about using a Delaware Statutory Trust.

11:38 Now why is it so important for advisors, accountants, etc. to work with a company like your's to do these things?

16:27 Is there talk of any changes to the tax regs around like kind exchanges?

19:41 Talking a little bit more about the accounting profession or what not - is there a particular piece of advice that you may give an accountant if they're looking to start adding more advisory services into their portfolio and to start working for companies like your's?

25:19 I'm curious if there's a particular case with a client that you've worked with that maybe went off the rails, and you got back on track, and you were super excited about it. Or you just had an immense amount of savings. Can you think of an example of something like that where it was really unique or special to you when it comes to the savings involved?

37:25 Rich Dad Poor Dad book by Robert T. Kiyosaki:

https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194

🔗 Connect with Michael Scherer

https://www.linkedin.com/in/michael-scherer-8147504/

https://www.rcxcapitalgroup.com

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie’s work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

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In this episode of The Concierge CPA, Jackie Meyer interviews Michael Scherer, Senior Regional Vice President of RCX Capital Group, discussing the complexities of 1031 exchanges and the best strategies for real estate investors. Michael sheds light on how 1031 exchanges, particularly Delaware Statutory Trusts (DSTs), can provide significant tax savings and portfolio diversification for real estate owners. He emphasizes the importance of working with qualified intermediaries and solution-agnostic advisors to navigate 1031 exchange investment options, ensuring clients maximize their tax benefits.

One of the key takeaways from the conversation is the importance of real estate strategies that help clients defer capital gains taxes. Scherer explains how RCX Capital offers a tailored approach to 1031 exchange investments, focusing on the unique needs of each client. He shares case studies that highlight innovative combinations of 1031 exchanges and Opportunity Zones to optimize outcomes. Additionally, Scherer introduces a zero-cashflow DST strategy, allowing exchangers to refinance up to 85% of their equity, offering greater flexibility and liquidity.

Michael also discusses the broader landscape of real estate strategies, emphasizing that high-net-worth investors with significant capital gains should explore best 1031 exchange investments to ensure long-term wealth building. By working with firms like RCX Capital, clients can access a variety of 1031 exchange investment options, including passive real estate opportunities, which can fit their specific goals.

Throughout the episode, the conversation highlights the growing role of tax advisors in delivering advisory services beyond compliance, especially through the strategic use of tax planning software like TaxPlanIQ. For those looking to scale their accounting practices or enhance their client services, this episode offers practical insights on leveraging 1031 exchanges and other real estate strategies to drive value and growth.

Listeners interested in enhancing their real estate investment strategies should consider the advantages of 1031 exchange investments, including tax deferral and portfolio diversification. As Michael notes, by partnering with knowledgeable advisors and using advanced tools, firms can unlock substantial financial benefits for their clients.

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#drjackiemeyer #jackiemeyer

53 - How To Go Global with Nick Sinclair of TOA

Thu, 03 Oct 2024 04:00:00 -0500

4:04 Rob Nixon - who coaches accounting firms

6:44 Where are the offices of TOA Global? How did you decide where to put offices?

10:10 In Entrepreneurs' Organization (EO), you can only give advice if you've actually lived that experience before - good or bad. But you cannot give advice if you've never done it.

10:21 With outsourced functions, what all do ya'll provide? What are accounting firms kind of demanding or really needing right now? What's in high demand?

12:17 What are your thoughts around advisory and how much accounting firms - financial advisors...do you help support that transition towards advisory as well?

15:17 In the U.S., you just throw CPA or EA in a bucket and the client just assumes they do everything, and to me I feel like there should be some more oversights

16:34 Why do firms need to outsource, and what is this kind of crisis that we're in right now?

20:02 A lot of the bigger firms are already outsourcing. Some successfully. Some not. Where is it going wrong, versus how you found it to go right?

22:18 Tell me a little more specifics about how your process works. So, I come to you and I say "Hey, I need a bookkeeper." Do you go find that talent that has the experience level that I'm asking for?

23:10 Who would not be a good fit for outsourcing?

30:40 The role of AI: Are the services and work that you're supplying - is it going to change drastically?

32:32 What would you say is the biggest problem that smaller accounting firms face today?

34:10 Dan Martell, Author of Buy Back Your Time - https://www.BuyBackYourTime.com

37:11 Accounting firms need to be inspirational

39:10 Shirley Koss at TOA Global: https://www.linkedin.com/in/shirleykoss

🔗 Connect with Nick Sinclair

https://www.linkedin.com/in/nicksinclair

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie’s work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

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In this episode of The Concierge CPA, Jackie Meyer sits down with Nick Sinclair, Founder and CEO of TOA Global, to explore the benefits of outsourcing and how it can help accounting firms scale efficiently. Nick shares his journey from running his own financial planning firm to founding one of the largest global outsourcing firms for accounting professionals.

Nick discusses how to go global with your accounting firm and why outsourcing accounting tasks can help firms overcome the talent shortage and increase capacity. He emphasizes that outsourcing goes beyond just reducing workload—it frees up time for firm owners to focus on higher-value services like tax advisory.

A significant takeaway from the conversation is Nick’s insight into the cultural nuances of working with global teams, particularly in the Philippines, and the importance of integrating these teams into your firm’s culture. He explains how outsourcing has shifted from simply offloading tasks to developing long-term relationships with team members across the globe.

The episode also delves into strategies for successful outsourcing, including setting clear goals, ensuring effective communication, and creating a leadership mindset that fosters collaboration. Whether it’s bookkeeping, tax preparation, or client advisory services, outsourcing allows firms to leverage global talent to maximize efficiency and growth.

If you’re looking to scale your firm, learn how to outsource accounting tasks effectively, and understand the benefits of a global workforce, this episode offers practical tips on how to navigate the transition.

Tune in to learn more about how outsourcing can elevate your firm’s services and provide a competitive edge in today’s fast-changing industry.

52 - How to Thrive as an Entrepreneur While Full-Time RVing, Homeschooling, and Going Fully Virtual

Thu, 19 Sep 2024 04:00:00 -0500

2:33 Tell us a bit about your firm and how you got to where you are.

3:45 What was the best and worst thing that happened when you went fully virtual and remote in your firm?

5:28 Get a little vulnerable with us. What is the hardest thing that happened, and how did you - or are you still working on overcoming it?

7:18 You said you fell in love with tax prep and review. You're one of the few people I've heard say that. What made you fall in love with tax prep?

8:32 What's your favorite thing out of all the activities you do now?

9:29 Client meetings: Did you move that to completely virtual, or is there an in-person option?

10:50 Speaking of tax planning, you mentioned that you recently, within the last year, had your biggest tax plan ever where you saved someone $1 million. Is that right?

14:13 We have a new growth plan at TaxPlanIQ.

18:20 I reached out to my favorite author Gino Wickman who wrote Traction: Get A Grip On Your Business.

19:21 I had Brandon Hall on The Concierge CPA.

21:00 Hopping back over to real estate: The short term rental loophole - tell us a little bit more about that, and tell us about what is going on with legislation there.

25:02 Are ya'll taking new clients, or are you maxed out?

27:43 Earlier you hinted at some unique ways you onboard clients and certain questions that you ask. We talked about this is something that is kind of unique to your firm. Tell us more about what you do.

31:20 People love transparency.

36:13 What do you think the biggest challenge is for small business owners or entrepreneurs, whether accountants or any white collar / blue collar business owner?

40:34 You spent the last year in an RV. Tell us all about that.

44:16 If anyone is interested in the home schooling: You mentioned some online resources. Is there a particular place you recommend people would go to start looking at that?

47:09 How can people reach out, or what is your handle to follow you on LinkedIn and Twitter?

🔗 Connect with Chad Huebsch

https://twitter.com/TheTaxNomad

https://www.linkedin.com/in/chad-huebsch-ea-ctp-5b71aa54

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie’s work at https://www.jackiemeyercpa.com

Outschool:

https://www.outschool.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

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In this podcast episode of The Concierge CPA, host Jackie Meyer interviews Chad Huebsch, a former student of her coaching program and an accounting firm owner who transitioned to virtual work while traveling across the country with his family in an RV. They explore Chad’s entrepreneurial journey, highlighting his shift from a corporate career to running his own firm and how he found his passion for tax prep and advisory services, particularly for small business owners and real estate clients.

Chad emphasizes how going virtual significantly improved his work-life balance and expanded his hiring options, allowing him to recruit talent nationwide, a key benefit for entrepreneurs adapting to virtual work environments. Chad’s firm runs entirely remotely, and he shares how the firm handles the challenges of maintaining human connection and team cohesion with daily huddles, which foster communication and collaboration despite the physical distance.

One pivotal moment in Chad’s journey was when he sold his largest tax plan, saving a client $1 million in taxes. The plan focused on complex strategies like the qualified small business stock exemption and cost segregation. This accomplishment showcases the value of strategic tax planning for entrepreneurs and the confidence it gave Chad to push forward in his entrepreneurial ideas.

51 - How to Find An Amazing Tax Advisor and Save $100k Plus in Taxes Per Year | Sponsored by TaxPlanIQ

Tue, 10 Sep 2024 04:00:00 -0500

Joining us today on The Concierge CPA Podcast is someone truly special, Shauna A. Wekherlien, famously known as ‘The Tax Goddess’. Shauna is a top 1% tax strategist in the United States and the founder of Tax Goddess Business Services, PC, established in 2004. With 24 years of experience, she has saved her clients over $1.47 billion in taxes using more than 1,500 federal, state, and local tax strategies.

Shauna holds a Master’s Degree in Taxation from Arizona State University and is one of only five Certified Tax Coaches in Arizona. Her innovative approach to tax planning has earned her features in Forbes, Entrepreneur, and CNNMoney, and appearances on CBS, NBC, and FOX. Shauna is not only a tax expert but also a dynamic educator and speaker, making complex tax strategies accessible and even enjoyable.

12:01 For those that aren't super familiar with the captive insurance concept, let's expand a bit more on what it is and how it can essentially wipe out a $100k liability each year. There's a lot to it. Why do people put it on a nasty list, and how do you stay away from that?

16:22 What are the basics if someone asks you "I have a tax preparer or I have an accountant...they're already doing all this for me..." and the answer's typically no they're not - and it's because if they're more compliance focused, they're just too freaking busy to be looking ahead at proactive stuff. What are warning signs to ask for if you truly want a tax planner?

21:06 How much do you dabble with estate planning and working with estate attorneys, and that side of things?

25:18 Let's circle back. Give me the elevator pitch of what captive insurance is.

36:55 Is there a particular pricing method that you like to use as a tax strategist that you recommend to others?

🔗 Connect with Shauna A. Wekherlien

https://www.linkedin.com/in/taxgoddess

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie’s work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

We just released a completely automated version that creates client tax plans in minutes! Check it out!

50 - How To Publish a Book in 6 Weeks With Paul G. McManus | Sponsored by TaxPlanIQ

Tue, 27 Aug 2024 04:00:00 -0500

In this new episode of The Concierge CPA Podcast, Dr. Jackie Meyer welcomes Paul G. McManus, Founder of More Clients, More Fun. Paul is an expert in book publishing and shares insights on how to publish a book in as little as six weeks or even a weekend, which he has done himself. Paul explains that his company focuses on helping financial professionals, especially financial advisors and CPAs, to write and publish short books as tools for business development, marketing, and authority positioning. For CPAs and advisors who aim to shine, tune in to this episode, learn, and let your expertise align.