Podcasts about dark horse cpas

Episode 245 FACULTY: Alex Drost, CPA CLASS: #AccountingHigh Join us in this insightful episode of Accounting High as we sit down with Alex Drost, a consultant with a background in investment banking and business consulting, and a licensed CPA. Alex shares his unconventional path into the accounting world, discusses the current trends in the accounting and private equity (PE) industries, and offers invaluable advice for both young professionals and established firm owners. Don't miss out on understanding the seismic shifts happening in the industry and how you can be a part of it.

In this episode we sit down with the remarkable Chase Birky to dive into his inspiring career journey. Chase shares his story from the early days of his career to the pivotal moment when he decided to establish Dark Horse CPAs, a firm that stands out with its unique and innovative business model. We explore how Dark Horse CPAs differentiates itself in the crowded accounting landscape, offering insights into its distinctive approach to client service and firm management. Chase also discusses the impressive growth of Dark Horse and shares exciting future plans for the firm, giving us a glimpse into what's next for this trailblazing company.This episode is a must-listen for anyone interested in the intersection of accounting and entrepreneurship. Join us for an engaging and informative discussion that not only highlights Chase's entrepreneurial spirit but also provides valuable lessons and actionable insights for aspiring accountants and business owners!What you'll hear in this episode:[0:30] Meet Chase Birky, the CEO of Dark Horse CPAs[1:40] Chase's career journey[3:45] Founding of Dark Horse CPAs[6:50] Dark Horse's unique business model[14:30] Growth and future plans for Dark Horse Learn more about Dark Horse CPAs https://abetterway.cpaConnect with Chase https://www.linkedin.com/in/chasebirky/Connect with Kelly https://www.linkedin.com/in/kellyrohrs/Connect with Bilal https://www.linkedin.com/in/bmehanna/

Venture into the accounting realm with none other than Chase Birky, founder of Dark Horse CPAs— a firm that's galloping ahead of the competition by empowering small businesses and accounting professionals alike. With an innovative platform designed to incorporate outsourced teams and private wealth management, Dark Horse is redefining value for CPAs and clients. Explore the personal entrepreneurial journey, highlighting the balance between commitment to business and personal life, as well as the emotional toll that comes with the territory of being a business owner. Chase opens up about his transition from big four accounting to the helm of Dark Horse and the innovations that keep them unique amid private equity's watchful eye. The journey doesn't stop there. Learn how Dark Horse stands out by offering CPAs growth, equity, and incentives— a cocktail of opportunities rivalling what some might expect from a private equity model, yet still personifying a touch of entrepreneurial freedom and support. And of course, we'll touch upon the crucial support networks required in such a demanding field, underscoring the importance of community, family, and technological tools like Bill, our exclusively featured sponsor, that glue businesses together. So, whether you're a CPA looking to leap onto a new saddle or simply keen on the foresight that's driving modern firms forward, grab your headphones, and let's embark on a journey into the evolving world of accounting with Chase Birky and Jason Blumer as your guides.

We gotta pay taxes, what!?! Many kids are shocked to learn just how much is taken out of that first paycheck. In this episode, we break down the basics of what are taxes, why we pay them, and what's with all those "W" forms. Oh, and who is Uncle Sam? Let's talk taxes in this episode of the Cash Kid Podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices Transcript There are only two certains in life…. death and taxes. - Said everyone as I’m told it’s a pretty old joke. What are taxes, who pays them, why are there so many W forms involved, and why do we pay taxes? Oh, and who is Uncle Sam? Well, you’re about to find out in this episode of the Cash Kid Podcast. The Cash Kid Podcast is underway! Intro tease: So you’ve got some cash. Maybe from an allowance, or that money your grandma gave you for your 7th birthday. Here you go, sweetie. Thanks, Grandma. Whatever it is, what are you going to do with it? Spend it, hide it away… or maybe invest it? Let’s start learning how to make that money grow. Time to learn how to be a cash kid. Okay. So let's talk about taxes. I hear this topic causes a lot of anxiety in adults. I'm hoping we can educate my generation about it earlier to have a better understanding of it and maybe develop less anxiety. Joining us today is Joe Proffitt with Dark Horse CPAs. Mr. Proffitt, welcome to the show. Joe Proffitt: Hey, great to be here, Cash Kid. I very much appreciate the time. And I agree if we can start talking about taxes younger, maybe I wouldn't have freaked out about them when I got to be an adult as well. Cash Kid: Yeah. So welcome. And first off, just tell us a little bit about yourself. Joe Proffitt: Sure. I'm a CPA based out of Little Rock, Arkansas. I work with clients all over the country, from small business owners to individuals that don't necessarily own a business but need help with their tax planning and filing. And the main thing for people to do what I do. Basically, the U.S. tax system is complicated and sometimes you need a little bit of help and things get to be more than you can handle on your own. Cash Kid: Yeah. So what does Dark Horse CPAs do for its clients? Joe Proffitt: Great question. So Dark Horse specializes in serving small business owners. Specifically, we provide tax and accounting services ranging from basic bookkeeping to what we refer to as CFO engagements. We essentially help business owners compile their financial information and put it into a format that allows them to know where they're at financially to help them with projections as needed, or on the side of the tax work we do, compliance work with the basic business tax filings or just essentially try to help make sense of the really complicated tax structure we have here in the U.S.. Cash Kid: All right. Let's talk about taxes, Mr. Proffitt. We’ll, start simple. What is the basic reason why we pay taxes? Joe Proffitt: Great question again. So taxes provide money to the government so that they can provide services for we the people. In an ideal world, taxes provide a range of services, whether it be assistance for individuals needing a little bit more help provides money for constructed roadways. Essentially, taxes are the way the government gets money from its citizens so that it can continue to function as the government. Cash Kid: What all do we pay taxes on? Joe Proffitt: Pretty much anything that you're going to spend any time you spend money or receive money, you're probably going to be subject to some sort of tax. So you get sales tax on groceries, cars. You have various tax for major purchases like a home purchase, you pay property taxes, or when you do own various pieces of personal property. So the major categories of taxes across the U.S. are going to be your income tax, your property taxes and your sales are what we refer to as excise taxes. And the sales and excise is based on things that you actually go out to purchase and are based on the usage that way. Cash Kid: In episode one of of season 2, a financial teacher at a local high school stated a lot of his students were shocked when they got their first pay check to see how much they paid in taxes, leaving them with a lot less than what they thought they would take home. Can we break down the different taxes in what we pay for and why we pay them from our paycheck? Joe Proffitt: Absolutely. And I remember it hurt my feelings the first paycheck I got and when I was a kid, seeing how much they hold out. And so when you receive any anyone that goes out and works for an employer and receives a paycheck, they're going to have your federal income tax withholding, state where it actually occurs depending on where you live. And then you're going to have additional taxes that we refer to as FICA. And what FICA is, that’s FICA, is the Social Security and Medicare tax withholdings. Now, the federal and state can vary, but FICA is based on set percentages and it goes into the Social Security system and the larger Medicare system. It essentially helps provide Social Security income and Medicare coverage for the elderly and people that are in that retirement phase. Cash Kid: Ok, we pay taxes buying everyday things and in our paychecks. So why do we have to file our taxes every year in April? Joe Proffitt: I ask myself that same question all the time. Now with if you have a straightforward tax situation, say you receive a W-2, you just work one job, you receive a W-2, then a lot of the time, the way tax withholding works, it's an estimate of what your actual tax is going to be for the year because we we don't all pay a flat tax based on the income that we have. So throughout the year, the withholdings from our checks for the income tax piece is a guess at what our year in income is going to be and what tax bracket we go in. Basically, the more income you make in the U.S., the higher your tax rate as the income level goes up. So we file tax returns at the end of the year to confirm exactly what our taxable income was for the year, to take advantage of any tax credits that are on there to report any income that wasn't otherwise reported, say, if you're self-employed or if you're operating, say, a lawn mowing business, if you're wanting to make some extra money on there. And that's where we get to either true up to pay in what we owe additionally to the IRS or request a refund if we overpaid throughout the year. The point at which we get even with the IRS or the state that we're filing in. Cash Kid: And maybe Mr. Proffitt just if you can explain quickly, what's a W-2? Joe Proffitt: Right. Gotcha. And just to clarify, a W-2 is a year in tax form that goes out by the end of January every year for anyone that receives a paycheck from an employer. So if you go and work in part time job or if you're a full time employee of a company, you're going to receive a W-2. So anyone that receives a regular paycheck with tax withholdings, you'll receive a W-2 at year end, and that's what you use to file your taxes. Cash Kid: Yeah. So are there tax benefits that teens and college students can take advantage of that will allow us to get a bigger refund? Joe Proffitt: That is a really good question. So with teen college students there, if they are providing their primary support, there are various educational tax credits, two specific ones to pay attention to are the American Opportunity Tax Credit and the lifetime learner tax credit, and whether they apply for those on their individual return, if they file and support themselves or if they're still being supported by their parents and listed as a dependent, they're that's a great resource for those people as well, whether, again, whether they're still on their parent's taxes or if they're independent and filing on their own. For teenagers, the the majority of the time, the best thing for teens is to just make sure that you have sufficient withholding. The standard deduction when you're a dependent is lower than if you're an adult earning the same wages. But most of the time, what I see with kids that are working part time jobs, you'll usually have good withholding that you end up getting a refund. So honestly, the best thing to do is just make sure that you fill out. Actually, we need to take a step back for a moment. Whenever you first go to work for an employer, you're going to fill out a form. A W-4, and I know I'm talking about a lot of W forms is something that whenever you go to work for an employer, they're going to hand this to you and expect you to know how to fill it out. And what it tells them is how much to withhold on your taxes. And for the vast majority of teens that are out there working a job, you're going to want to put single and zero on this W-4 form because that makes sure that you have the most held out of your check that you can and really that's the main trick to it is just making sure that you have sufficient withholding. Cash Kid: Do tax laws and regulations change a lot, making it harder for the everyday person to keep up with the rules? Joe Proffitt: So year after year we'll have a few minor changes here and there. And every so often we have a major overhaul of the tax system. There was one that occurred back in the 1980s, well before, well before your time, but there was an additional big tax law change back in 2017. Most of the time it's pretty business as usual other than specific changes with various different tax pieces. And that's where people like me come in because my career is based on staying up to date on any tax law changes. And that's why that's why the accounting profession exist in the first place, at least from public to to help people keep up with tax law changes and make sure they're taking advantage of everything that is allowed to them. Cash Kid: What advice do you give your clients when dealing with taxes? Joe Proffitt: Preparedness, Proactive planning is the best. Is one of the best resources that you have. Just finding an accountant that you feel comfortable communicating with and having an issue that I see often working for various clients is that they come through. We file their tax return, but there's not very much we can do once we're outside of the year. So honestly, just proactive planning during the year is one of the best, best benefits that or the best advantage that anyone can take when it comes to tax compliance. Making sure that you don't pay more than you actually are required to pay in your taxes. Cash Kid: Yeah. I don’t want to pay more than required for sure. Is there anything we haven't asked you that you would like to share with our audience? Joe Proffitt: Something to bear in mind whenever for your audience. I mean, anyone listening here is going to have a more entrepreneurial spirit, and I admire that very much, especially at such a young age. I will say that there is a difference in going to work the way you're paid, in the way you pay taxes when you receive a paycheck, meaning that you'll get a W-2 at the end of the year, your taxes are withheld from your check during the year. Now, if you go out and are operating as an independent business, basically like a like a small business owner would where you're not receiving a paycheck, then you may have to make tax payments throughout the year on your own. And if you get to that point, then definitely you'll want to either reach out to your parent or guardian, someone that's at least got access to the resources that you'll need or potentially even reach out to an accountant just in order to get a little bit of additional information. Because there's one one specific tax when you're self-employed, it's called self-employment tax. And it can be a big, nasty surprise for people when you go from receiving a paycheck to working for yourself. And so that would just be one of the main pieces, I would say, for anyone that's wanting to strike out to business on their own. Yeah, I'm sure. Cash Kid: I was going to say is an example like let's say a kid runs a lawn mowing business. Would they need to keep like a book of their expenses and jobs? Joe Proffitt: So you'll need to keep track of the income that you're receiving from your various customers. And you'll also, especially want to keep track of any expenses that you have. So we're talking gas purchases, any additional equipment that you buy, any repairs that you have to pay for, because these are the things that reduce what your taxable income is. If, let's say, a child or a you know, let's call it business owner, call it what it is, they make $10,000 in a year and that's their gross revenue, what they received from their customers. You'll want to have a listing of all of those expenses that you paid. Otherwise you're going to end up paying tax on the full amount of that 10,000 that you made, even though that's not the money that you kept, You had $3,000 in expenses. So really, you should only pay tax on $7,000 and great resources are out there for keeping track of your expenses. To start off with a smaller business like that, I recommend spreadsheets. Whether you're you prefer Excel, Google Docs, whatever your preferred spreadsheet platform, it will just make life much easier for you. And when it comes to expenses, you want to list who you paid, when you paid them, what it was for and how much it was. And that's the kind of information that you'll send to your account accountant a year end, and then they can put together your business filing. Cash Kid: Mr. Joe Proffitt, we appreciate your time and your expertise. Thank you for joining us on the Cash Kid Podcast and advancing the financial knowledge of the kids everywhere. Joe Proffitt: Absolutely has been a great pleasure and let me know any time you want me to come back. (music) Now back to the question on who is Uncle Sam? Have you heard this before? Uncle Sam looks like an older man with white hair and beard, in a top hat, pointing at you. Just Google it Cash Kids. It’s a personification of the United States of America or more specifically, the internal revenue service IRS. During the War of 1812, the United States Army received supplies from a variety of organizations and individuals, one of which was Samuel Wilson, a meat packer from Troy, New York. He labeled his barrels of beef with “U.S.” to indicate U.S. government property, but soldiers referred to the “U.S.” as Uncle Sam. So when you hear someone say, “Uncle Sam is gonna get you eventually.” They very well could be talking about tax season, and how the government or “Uncle Sam” will get those tax dollars from you one way or another. Cash Kids, we have more terms, discussions, and skills to learn. Thank you for tuning in to this episode. If you have a question, please, reach out to me at cashkidspodcast@gmail.com and I’ll answer it in a future episode. You can also reach out via our website at cashkidpodcast.com. Follow us on Instagram and wherever you are listening, leave a review! We need your help reaching a larger audience and building the financial skills of the next generation. Cash Kid, out! Disclaimer: The information presented represents the views and opinions of the guests. This show does not intend to provide personal investment advice through this podcast. This content has been made for informational and educational purposes only. To make a full and informed investment decision, we advise you to speak with a financial advisor and for kids, definitely your parents first before investing.

In this episode, Rory interviews Chase Birky, the CEO and co-founder of Dark Horse CPAs, to discuss the changing nature of the accounting profession. Discover how Chase is challenging the traditional accounting firm model and why he is on a mission to revolutionize public accounting. Chase shares insights into their unique approach as the "anti CPA firm" and how he motivates employees through a distinctive culture and ownership incentives. Listen as Chase explores the advantages and disadvantages of structuring Dark Horse as a corporation and a CPA firm. Find out the benefits of integrating accounting and wealth management to become the Global CFO in your clients' business and personal lives. Listen as they discuss the role of private equity in the accounting profession and various alternative practice structures that firms are creating. Are you curious about ways in which we can solve the CPA pipeline problem? Want to learn how to create better employment experiences to attract and retain top talent? Find the answers to these questions and more in this Dark Horse CPA episode with Chase Birky.

Randy connects with Chase Birky, co-founder of Dark Horse CPAs, on Episode 120 of The Unique CPA. Chase explains the platform model Dark Horse uses to support CPAs under the firm's banner support services. CPAs can start, scale, and grow their practices through collaboration and shared resources within Dark Horse's innovative structure. The two touch on how this model can help avoid burnout and promote mental health. Chase joined us a speaker and panelist at the 2023 Unique CPA: Bridging the Gap Conference the week of August 28.  Get the full show notes and more resources at TheUniqueCPA.com

A firm in a box. A franchise on steroids. The Uber (or Lyft) of CPA firms. To say that the business model of Dark Horse CPAs is difficult to describe is an understatement of the highest order. So exactly does Dark Horse do? What makes it unique? And what prompted CEO and co-founder Chase Birky to try a radically different business model? Find out as Lisa Simpson, the AICPA's vice president of Firm Services, interviews Birky in a special edition of the Small Firm Philosophy podcast, produced in partnership with the Journal of Accountancy podcast. Things you'll learn in this episode What a platform CPA firm is How Dark Horse's business structure differs from a traditional firm's How setting client expectations can help ease compression The Small Firm Philosophy podcast is produced by the AICPA's Private Companies Practice Section (PCPS). It is published monthly on the third Wednesday.  Related PCPS resource Transforming Your Business Model  

Season 4 Episode 59  Accounting High is supported by our Booster Club Thank you LiveFlow!  https://www.liveflow.io/partnerships/accounting-high Get 20% off for 3 months with promo code HIGH In today's episode of Accounting High, Scott interviews Chase Birky, CPA, about his journey from working at Deloitte to starting his own firm, Dark Horse CPAs. Chase talks about the impetus for pivoting his business, getting away from client work, and focusing on scalability. He shares his inspiration for the structure of his firm, the challenges of specializing and niching, and his big goals for the future. The episode also features a rap by Chase and a discussion on what it means to be a dark horse in the industry. Interview: Chase talks about realizing that audit wasn't the right fit for him and starting up his own firm. He discusses pivoting the firm, staffing, and getting funding for marketing and scalability. Chase talks about becoming CEO and the inspiration for the structure of the firm. He discusses the challenges and goals of Dark Horse and its niche in public accounting. Chase talks about the fear of external factors that could affect niches and the origin of the Dark Horse name. He wraps up with words of wisdom. Closing: The episode concludes with Chase discussing the importance of being a dark horse and black sheep in the industry. Shoutouts: QuickBooks, Xero --- Send in a voice message: https://podcasters.spotify.com/pod/show/accountinghigh/message

Produced by the Center for Accounting Transformation. Presented by CPA Trendlines. Entrepreneurs in the accounting profession are rare, according to Chase Birky, president and CEO of Dark Horse CPAs. And he should know. More here: https://cpatrendlines.com/2023/04/10/chase-birky-paralysis-by-analysis-plagues-the-profession/ He had to take an uncomfortable step outside of his own comfort zone to become one.After starting out in audit at a Big 4 right out of college, he decided it was no longer what he wanted to do."I started an audit specifically, you know, not really having a great idea of what audit truly was, you know, because you take the courses in your undergrad, and you know, you have a section of it on the CPA exam," Birky explained. "But what that material is versus what the job is, you know, are two very different things."That motivated Birky to begin a partnership in a firm that specialized in tax and client accounting services (though he added it probably was not called CAS then).Unfortunately, that didn't work the way he hoped, either.However, as Birky reminds us, necessity is the mother of invention.

Small and aspiring CPA firms face several formidable challenges. From workload management to technology implementation and expanding their professional expertise, they will likely spend a disproportionate amount of time and energy on things other than building their book of business and serving clients. To solve this problem, today's guest started a firm that provides the necessary resources and support to enable CPAs to build scalable, profitable practices and stay relevant for decades to come—introducing Chase Birky, the co-founder, President, and CEO of Dark Horse CPAs, which was born from the belief that small businesses, intrapreneurs, and entrepreneurs are often seen as “dark horses” amongst their larger, more well-known competitors. Chase believes that the proper guidance can help propel these dark horses to unexpected heights, and in this episode, he shares his goal to democratize the modern CPA firm and provide a better life for CPAs (and, by extension, their clients). During our conversation, we also touch on the need for a safe space to make mistakes, the immense value of mentorship, the role of AI in the future of accounting, and so much more. For a fascinating and insightful conversation with a trusted advisor specializing in serving small businesses and individuals often overlooked, tune in today!Key Points From This Episode: Two major challenges facing small CPA firms and how Dark Horse solves them.Why modern CPAs need support to make the leap and build a scalable practice.Advice for burnt-out senior managers who want to step out on their own.How Dark Horse helps CPAs gain perspective and gives them a “safe place to fail.”The value of eliminating uncertainty while offering guidance and mentorship.Obstacles Chase encountered as he pivoted his own business.Chase's take on the future of accounting and the role of AI.How technology will augment the way solopreneurs and micro-firms perform.The rise of fractional CFO services for small to midsize organizations.Why the road to success is paved with systematized, scalable, “outsourceable” offerings.A non-binary reflection on the 150-hour credit requirements for CPAs.Free and budget-friendly alternatives to formal education, including podcasts.Where and how you can learn more about “the CPA firm built for CPAs!”Chase BirkyChase Birky on LinkedInDark Horse CPAsBook a Discovery Call with ChaseConnection BuildersAlex Drost LinkedIn

We're talking to Chase Birky, CEO and co-founder of Dark Horse CPAs, a non-traditional CPA firm. Learn the advantages and challenges of being a CPA firm, the importance of creating a positive work environment for staff, and the need for the accounting profession to attract and retain more young talent. Tune in to hear insights into alternative paths for CPAs and how the industry can work towards creating a more sustainable and fulfilling workplace culture.Many thanks to our sponsor, LiveFlow!To learn more about LiveFlow, visit https://earmarkcpe.promo/liveflowChapters (00:00) - EAP 42 (01:13) - Welcome Chase to the podcast (02:50) - Unpacking the "Anti-CPA Firm" concept (07:16) - What is different about Dark Horse versus the traditional partnership model? (10:30) - Office Space should be mandatory viewing and work/life balance (19:42) - Are there any issues running a CPA firm the way you do? (25:28) - Does you firm do audits? (26:17) - Why did you decide to make your firm a CPA firm? (28:33) - What things have you had to go through as a CPA firm? Peer review? (33:56) - CPA firms can't give equity to non CPAs (40:15) - If you were the president of the AICPA what would you be saying to firms? (44:22) - Blakes reads posts on r/accounting about the industry (53:53) - Wrap up and how to reach Chase and earn free CPE Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comDownload the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Chase BirkyLinkedIn: https://www.linkedin.com/in/chasebirky/Learn more about Dark Horse CPAsWebsite: http://darkhorse.cpaConnect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/

Season 4 Episode 30 | Recorded LIVE March 12, 2023 follow along with the full brackets here After receiving thousands of nominations for the Accountant Bracket Challenge "ABC March Appness" aka ABC Tournament, we compiled all the results and split everyone up into 2 major categories, Accountant Applications and Accountant Education. From there, we continued to categorize the top nominated platforms into 4 Regions, 8 Brackets with 8 teams all competing for best in class in their respective brackets to advance to the Sweet Sixteen, plus a bonus 8 team Tax Bracket Here's a list of all the categories, regions, and brackets!! Accounting Applications Business Money Plooto, Expensify, Bill, Divvy, Gusto, Dext, Rippling, Relay Business Bridge Liveflow, Slack, Tallyfor, Once Accounting, Appstream, Zapier, G-Accon, Reach Reporting Accounting Practice Ignition, Rewind, Liscio, TOA, Karbon, TaxDome, Financial Cents, Practice Protect Accounting Books Keeper, Saasant, Intuit QuickBooks, FreshBooks, RightTool, Uncat, Xero, Excel BONUS Tax Bracket Avalara, Intuit TurboTax, UltraTax, CCH, Intuit Proconnect, Drake, SafeSend, SmartVault Accounting Education Learning School Earmark, CPA Academy, Rock the Books, Taking Your Firm Virtual, The Grove, Bookkeeper Launch, Tanya's Bookkeeper Bootcamp, AICPA Town Halls Learning Community FutureFirm, Bookkeeping Buds, Roundtable Labs, Workflow Wateringhole, Accounting Salon, Dark Horse CPAs, Realize, #TaxTwitter Media Podcasts Cloud Accounting Podcast, Drink While You Think, FAAS Evolution, Ambitious Bookkeeper, Accounting High, Oh My Fraud, Unique CPA, AutomationTown Media Influential Roman Villard, Heather Smith, Jason Staats, Ron Baker, Tax TeleGraf, Radical CPA, Bookkeeping Side Hustle, Appy Hour --- Send in a voice message: https://anchor.fm/accountinghigh/message

The century-old CPA firm partnership model has not changed since, well, the beginning of time –until now! Chase Birky lived through that seriously broken model, and in 2015 took the first step to challenge conventional wisdom and build out a fully distributed workforce through Dark Horse CPAs that puts the power of growth, service delivery, and work-life balance where it should be – in the hands of those that are building the firm.

Accounting High (aka Sons of CPAs) Season 3 Episode 16 | Recorded April 11, 2022 Guest: John Briggs Hosts: Jason Ackerman & Scott Scarano John Briggs, the man who created an accounting firm where accountants make more money and work less cause traditional firms suck. Scott and Jason got great insights on how John manages his firm and you can too! This is an episode that firm owners wouldn't want to miss. Not a firm owner? No problem cause you never know what you'll get here until you listen to John's stories and how his team is getting the best out of their professional lives 2 - Too many accountants seem like they end up working for the government instead of their clients 7 - 100K belt buckle?! Aggressively writing off your expenses for your business 10 - Focusing on taxes, is it the opposite way now? Shoutout to Intuit TurboTax 14 - In-depth discussion of CFO work/advising services 18 - Ever heard of the PITA box of clients? 20 - Incite Tax's take on pricing their services 25 - I think to save the industry, we have to be aware as firm owners of the burden we're putting on our team 29 - John's secrets to efficiency Shoutout to Insightly, Canopy 38 - Incite Tax's management structure: Breaking away from the norm 47 - All of our audience understand that revenue is not the same as profit. Right? Right? Shoutout to Padgett Business Services, Dark Horse CPAs, Breakaway Bookkeeping & Advising, High Rock Accounting 52 - The challenges that come with Incite Tax's structure setup for it's licensees 57 - Too much more to learn but too little time with John. 58 - Interested in becoming a licensee of Incite Tax? Reach out to John at john@incitetax.com Shoutout to Greg Kyte, CPA, Reach Reporting, Justin Hatch --- Send in a voice message: https://anchor.fm/sonsofcpas/message

Accounting High aka Sons of CPAs Podcast Season 3 Episode 14 | Recorded April 4, 2022 Guest: Ryan Lazanis, CPA Hosts: Jason Ackerman and Scott Scarano Let's bring our focus on the Accounting Messiah, the Righteous Lazarus aka Ryan Lazanis, and how he started impacting the accounting space. Ryan shares his internal process on how he started his accounting firm, so far ahead of the curve he practically created the curve. What is your end goal? Why not start with that end goal in mind? As for us, we aim to keep you informed, entertained, and educated until the last minute of this episode so be sure to make space for all the insights that Ryan, Scott, and Jason share. 2 - Accounting is the language of business 3 - Accounting, you're going to need it no matter what profession you go into 6 - Ryan's path to starting up his own accounting firm 8 - The Accounting Messiah from Montreal 13 - Xen Accounting's early days 14 - Growth and Scale difference Shoutout to Xero, ReceiptBank (now Dext) 18 - To scale professional services, it really starts at the offering level 21 - Creating a factory that could replicate it without you there 24 - How selling his accounting firm came about 27 - My purpose was really about helping advancing the accounting profession. Modernize the profession in some way, shape, or form 31 - An accounting trip to the tax havens 33 - Future Firm provides coaching, training, education, and community to modern accountants that want to create a scalable systematic firm that improves their lifestyle 36 - Biggest mistake traditional firms make? The firm's structure 40 - What's hotter than a million-dollar cloud firm with low churn 43 - What is a healthy profit margin? No lower than 30% Shoutout to Jeff Phillips, Padgett Business Services, Dark Horse CPAs, Chase Birky, CPA, Marie (Phillips) Greene, CPA 47 - Ryan's take on the changes coming to the accounting world 50 - Bringing the relationship back to accounting while scaling your firm 57 - Want Ryan's tips and tricks directly in your inbox? Checkout futurefirm.co/newsletter 58 - Ryan's advice for firm owners? Start with the end in mind --- Send in a voice message: https://anchor.fm/sonsofcpas/message

Thanks to Our Sponsors!Accountests: https://www.accountests.com/Dark Horse CPAs: https://abetterway.cpa/Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comDownload the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our GuestsBrittany Brown: https://www.linkedin.com/in/brittany-brown-b8324812/Kexin Smith: https://www.linkedin.com/in/kexin-smith-15891526/Learn more about LedgerGurushttps://ledgergurus.com/about/LedgerGurus Universityhttps://ledgergurus.thinkific.com/Connect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/

Thank you to our sponsor, Dark Horse CPAs. Dark Horse CPAs has built a platform-style CPA firm that will transform your practice. It has the technology, resources, staffing, qualified inbound leads, and community that will enable you to spend your time growing your practice, serving clients and doing more of what you love. Learn more at abetterway.cpa________________________________HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.Sources: Clifton Park payroll company abruptly shuts down, leaves thousands scrambling [Albany Business Review] NY Payroll Company Vanishes With $35 Million [Krebs on Security] Missing Paychecks Leave Small Businesses Scrambling [WSJ] Owner of Payroll Processor Charged With Committing $70 Million Fraud [WSJ] Employers scramble after payroll company allegedly diverts $35 million from employees [CBS News] $26 Million in Missing Paychecks, One Mysterious Swindler Charged [NYT] Michael Mann Charged with Bank Fraud [DOJ] ValueWise CEO Michael Mann Pleads Guilty to $100 Million Fraud [DOJ] [Daily Mail] MyPayrollHR debacle: Who is Michael Mann? [Times Union] U.S. v. Michael Mann [Complaint via Krebs on Security] ​​MyPayrollHR CEO begins prison sentence [WNYT] Minnesota Man Pleads Guilty to Conspiring with Michael Mann to Defraud Financing Companies [DOJ] Texas Man Charged with Conspiring with Michael Mann to Defraud Lenders [DOJ] Documents show how MyPayrollHR owner tried to cover up $100M fraud [Times Union] CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/EMAIL : ohmyfraud@earmarkcpe.com______________________________________Transcript available upon request 

Chase Birky, CEO & Co-Founder of Dark Horse CPAs, talks about his passion for college football, talking about it at work, why it is important for employees within a company to have an aligned purpose, and much more!

This is Poetry 101 brought to you by Accounting High (aka Sons of CPAs) Sponsored by LiveFlow, be sure to give this episode a go, they can help you grow, check them out at liveflow.io get 20% off for 3 months with promo code SONS at checkout, go to liveflow.io/sons Your Hosts, Emcees, Poets Nikole Mackenzie, CPA aka Niks Scott Scarano aka Lil Toddler aka Slim Scotty aka Esquired (S²) aka OKR (OK Rapper) Let's give it up for this presentation Your hosts share their poetic creations Sick verses brought out by their imagination What they do is entertain and impart education Purpose? Connect the individuals in this profession 4 Nikole shares her personal use cases for LiveFlow. Automation with an exclamation (point)! Go to liveflow.io/sons 6 cooler than a polar bear's toenails Shoutout to OutKast, Andre 3000, Big Boi, Lil Wayne 8 an accounting firm owner, podcaster, and rapper spits them bars! 12 A tribute to OutKast, Scott's writing this rap, but not so fast Shoutout to Andre Nickatina, Simon Sinek, Ron Baker 15 I ain't no fool thinking about how a podcast about accounting can be cool Shoutout to John Garret, Ignition 18 ready to explore and get paid Shoutout to Jason Ackerman, CPA, CFP, CGMA, Kenji Kuramoto 21 give it up for Niks as she throws down her sick licks Shoutout to Chewy, Greg Kyte, Earmark, Cloud Accounting Podcast, Reach Reporting 24 #CPAliens we're doing things that are foreign to the industry as a whole Shoutout to Handwrytten, Ian Vacin, Karbon 29 This was written before I wrote it Shoutout to Blake Oliver, CPA, Lorilyn Wilson 31 The evolution of getting CPEs in the present Shoutout to Fathom, Jimmie Allen 35 People are the purpose and I purposefully work hard to stay ethically connected to the individuals in this profession Shoutout to Dave Matthews Band 38 Educate and entertain authentically… That's what we're trying to do Shoutout to Chase Birky, CPA, Justin Kürn, Dark Horse CPAs, Katy Perry 45 Does Scott need to change his profile photo in LinkedIn? Let us know! Shoutout to Liz Mason, Digits --- Send in a voice message: https://anchor.fm/sonsofcpas/message

Thank you to our sponsor, Dark Horse CPAs. Dark Horse CPAs has built a platform-style CPA firm that will transform your practice. It has the technology, resources, staffing, qualified inbound leads, and community that will enable you to spend your time growing your practice, serving clients and doing more of what you love. Learn more at abetterway.cpa________________________________HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.Sources:  Wikipedia: Salad Oil Scandal: https://en.wikipedia.org/wiki/Salad_Oil_scandal Best Frauds in History: Tino De Angelis' salad-oil scam: https://moneyweek.com/investments/investment-strategy/601677/great-frauds-in-history-tino-de-angelis-salad-oil-scandal How Salad Oil Amost Crashed the U.S. Economy: https://medium.com/@madmedic11671/how-salad-oil-almost-crashed-the-u-s-economy-c3ed3c2cb797 The Vanishing Salad Oil: A $100 Million Mystery: https://www.nytimes.com/1964/01/06/archives/the-vanishing-salad-oil-a-100-million-mystery.html The Great Vegetable-Oil Mystery; Scandal, Now One Year Old, Remains a Financial Maze: https://www.nytimes.com/1964/11/15/archives/the-great-vegetableoil-mystery-scandal-now-one-year-old-remains-a.html Salad Oil Swindle! https://nymag.com/news/features/scandals/salad-oil-2012-4/ Investopedia: Salad Oil Scandal: https://www.investopedia.com/terms/s/saladoilscandal.asp How The Salad Oil Swindle Of 1963 Nearly Crippled the NYSE: https://www.businessinsider.com/the-great-salad-oil-scandal-of-1963-2013-11 TIME: The Man Who Fooled Everybody: https://web.archive.org/web/20071015042003/http://www.time.com/time/magazine/article/0,9171,898315,00.html  ACFE 2022 Report to the Nations: https://legacy.acfe.com/report-to-the-nations/2022/  CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/EMAIL : ohmyfraud@earmarkcpe.com______________________________________Transcript available upon request 

Thanks to our Sponsors:Accountests: https://www.accountests.com/ Dark Horse CPAs: https://abetterway.cpa/Sign up to get free CPE for listening to this podcast:https://earmarkcpe.comDownload the Earmark CPE App:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with our guest :  Eric Fraint - President and Founder of Your Part-Time Controller, LLC LinkedIn : https://www.linkedin.com/in/yourparttimecontroller/Learn more about Your Part-Time Controller :https://www.yptc.com/ Connect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/______________________________________________________Full transcript available upon request 

Drive More Enterprise Value E114 The Tycoons welcomed Chase Birky, CEO of Dark Horse CPAs to the show. After a few existential crises early on in his career, Chase developed the idea of the Dark Horse platform. Chase is breaking the mold of a typical CPA firm and is offering an unparalleled service. The platform […] The post Drive More Enterprise Value E114 appeared first on Business RadioX ®.

Drive More Enterprise Value E114 The Tycoons welcomed Chase Birky, CEO of Dark Horse CPAs to the show. After a few existential crises early on in his career, Chase developed the idea of the Dark Horse platform. Chase is breaking the mold of a typical CPA firm and is offering an unparalleled service. The platform […] The post Drive More Enterprise Value E114 appeared first on Business RadioX ®.

Thank you to our sponsor, Dark Horse CPAs. Dark Horse CPAs has built a platform-style CPA firm that will transform your practice. It has the technology, resources, staffing, qualified inbound leads, and community that will enable you to spend your time growing your practice, serving clients and doing more of what you love. Learn more at abetterway.cpa________________________________HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH DAN : Dan's Wharton's Forensics Lab Dan's Twitter : https://twitter.com/profanalyticsCONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/EMAIL : ohmyfraud@earmarkcpe.com______________________________________Transcript available upon request 

Thank you to our sponsor, Dark Horse CPAs. Dark Horse CPAs has built a platform-style CPA firm that will transform your practice. It has the technology, resources, staffing, qualified inbound leads, and community that will enable you to spend your time growing your practice, serving clients and doing more of what you love. Learn more at abetterway.cpa________________________________HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/EMAIL : ohmyfraud@earmarkcpe.com____________________________Sources : ● 10 Practices That Safeguard Your Church Against Embezzlement - Smart Church Management  ●  Nun who admitted to stealing more than $835K from Torrance Catholic school gets 1 year in prison - KTLA ●  Bakker Is Convicted on All Counts; First Felon Among TV Evangelists - NY Times ●  Bakker Sentenced to 45 Years For Fraud in His TV Ministry - NY Times ●  Televangelist Jim Bakker is indicted on federal charges - History.com ●  The Shady Side of Jim Bakker - Nicki Swift on Youtube  

If you think the public accounting is too large to disrupt, think again. Chase Birky finds that the accounting space is ripe for disruption with an aging workforce, an archaic structure, and general resistance to new technologies. And he's making it happen. Chase Birky joins Mike Fusco in this episode of the Team Business podcast to talk about his firm, Dark Horse CPAs, and how they're helping CPAs grow and manage their businesses. Dark Horse CPAs will successfully disrupt the accounting space with Chase in the lead. Thank you again for listening! Episode Highlights:  Chase describes Dark Horse CPA as a platform-style accounting firm (1:29) Chase discusses what inspired him to start the Dark Horse CPA. (2:35) Chase mentions that the accounting industry as a whole is in an interesting position because fewer people are getting accounting degrees and CPA license, and those that do have degrees are approaching retirment. (9:21) Chase mentions that they have a great inbound lead funnel which has become much better over time as they've become more sophisticated and committed more deeply to it. (15:12) Chase discusses how he has learned the most by osmosis; from mentors and people he has worked with at a higher level that have allowed him to absorb some of the greatest components of what they do. (17:00) Chase believes that wisdom is not something you can't just hear and understand, it must be experienced in order for the piece of wisdom to sink in. (18:10) Chase highlights the most common misperception in leadership and entrepreneurship. (19:44) According to Chase, the quality and caliber of those you lead is the mark of a good leader. (22:29) Chase talks about being reactive vs. proactive as managers and leaders. (25:39) Chase explains that Dark Horse CPA will soon establish a financial advisory practice because there are several overlaps between CPAs and investment advisory. (27:43) Key Quotes: “Learning by osmosis is really, I think what I have benefited most from I've had some really great mentors, and folks that I've gotten to work with at a higher level that has allowed me to, you know, kind of absorb some of the best parts of what they do, you know, almost in a subconscious way.” - Chase Birky “Wisdom is something that I think is not something you can just hear and learn, you have to go through an experience for that piece of wisdom to actually settle.” - Chase Birky “We had a great inbound lead funnel. And it's gotten a lot better over time, as we've gotten more sophisticated and invested more deeply into that.” - Chase Birky Resources Mentioned:   Chase Birky LinkedIn Dark Horse CPA Fusco & Orsini Insurance Services Mike Fusco LinkedIn