WealthAbility® for CPAs
125 episodes - English - Latest episode: 5 months ago - ★★★★ - 13 ratingsA show designed exclusively for CPAs who own their own firm (or want to someday). In this podcast, Tom Wheelwright shows entrepreneurial CPAs the fastest path to massive wealth: designing a firm to run itself. Tune in as world-renowned tax expert and bestselling author guides you to better clients, a better practice, and the life you deserve. Learn more about the WealthAbility® Network: https://wealthability.com/thenetwork/
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Episodes
CPA Labor Crisis & Talent Recruitment
February 21, 2024 19:00 - 41 minutes - 94.6 MBJoin Tom Wheelwright in this episode as he explores the CPA labor shortage with Professor Paul Madsen of University of Florida. Madsen is a Professor at the Fisher School of Accounting. His primary research interests include accounting regulation and standard-setting, the labor economics of accounting occupations, and 19th and 20th century accounting history. His research has been published in a number of top tier academic journals including The Accounting Review; Accounting, Organizations a...
Protect Your Clients from Cyber Threats
February 09, 2024 18:54 - 34 minutes - 79.7 MBJoin Tom Wheelwright in this episode as he discusses "Security in the Cyber Age" with authors Derek Reveron and John E. Savage, both professors and experts in cybersecurity. Derek Reveron is a Chair and Professor of National Security Affairs at the U.S. Naval War College in Newport, R.I., who specializes in strategy development, non-state security challenges, intelligence, and U.S. defense policy. An Wang Professor Emeritus of Computer Science at Brown University, John E. Savage, also joins t...
Amplified Intelligence in Taxes
January 25, 2024 14:28 - 34 minutes - 79.5 MBJoin Tom Wheelwright in this episode as he speaks on gaining amplified intelligence using AI in the financial sector with Kate Bravery, Senior Partner and Mercer's Global Advisory Solutions & Insights Leader, author, and podcast host of the New Shape of Work. Kate is the author of Mercer’s annual Global Talent Trends study and speaks regularly on the Future of Work. She is currently partnering with the World Economic Forum under their Good Work Alliance project to define Good Work standards ...
Disciplines of Strategic Thinking
January 12, 2024 22:33 - 39 minutes - 91.7 MBAre you having difficulties growing your tax business amidst a busy schedule and an everchanging tax law? Is it possible to propel your practice to a whole new level of growth and success in lieu of a struggling economy? In this episode, Michael D. Watkins joins Tom in an eye-opening discussion of how strategic thinking and its disciplines can expand the possibilities for you and your clients. Learn more about your ad choices. Visit megaphone.fm/adchoices
Corporate Transparency Act
December 28, 2023 14:00 - 39 minutes - 89.7 MBHow will the Corporate Transparency Act (CTA) impact your small business clients? What can we do to help our clients get through this? In this episode, John Skabelund joins Tom in a thorough breakdown of what the CTA means for our clients, what steps are required for filing, and the important role CPAs and attorneys play in this upcoming change. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oil & Gas Economics
December 14, 2023 17:00 - 44 minutes - 103 MBDo our clients understand how their oil and gas investments actually work? Why is it so important to broaden our economic literacy to best serve them? In this episode, John Engel joins Tom in exploring the current climate for oil and gas investments, economic and ethical considerations for you and your clients, and a deeper understanding of how to make their investment portfolio work for them. Learn more about your ad choices. Visit megaphone.fm/adchoices
Cost Segregations/R&D Credits
November 29, 2023 21:55 - 35 minutes - 49 MBWealthAbility for CPAs #111 – Has your firm discussed the potential benefits of cost segregations with your clients in their wealth strategies? With proper planning, accelerated deprecation strategies can be extraordinarily powerful tools when it comes to building their portfolio. In this episode, Kim Lochridge joins Tom to discuss the finer details of what goes into cost segregations and how you can help your clients take advantage. Learn more about your ad choices. Visit megaphone.fm/adchoices
Eliminate Negativity for Good
November 16, 2023 20:24 - 31 minutesWealthAbility for CPAs #110 – How do we get rid of toxicity in the office? What changes must be made to establish a more productive and positive practice? In this episode, Anthony Iannarino joins Tom in discovering how to eliminate negativity, propel towards happiness and productivity, and how it leads to living our best lives. Learn more about your ad choices. Visit megaphone.fm/adchoices
Eliminate Negativity for Good
November 16, 2023 20:24 - 30 minutes - 41.7 MBWealthAbility for CPAs #110 – How do we get rid of toxicity in the office? What changes must be made to establish a more productive and positive practice? In this episode, Anthony Iannarino joins Tom in discovering how to eliminate negativity, propel towards happiness and productivity, and how it leads to living our best lives. Learn more about your ad choices. Visit megaphone.fm/adchoices
Moore Case Analysis
November 02, 2023 14:41 - 31 minutes - 43.5 MBWealthAbility for CPAs #109 – Moore v United States may have major ramifications on CPAs and their clients. What do we already know and what can we expect as this case continues? In this episode, Garrett Watson provides a deep analysis on Moore v United States so we can navigate accordingly with our clients and to prepare everyone for the outcome ahead. Learn more about your ad choices. Visit megaphone.fm/adchoices
Moore Case Analysis
November 02, 2023 14:41 - 32 minutesWealthAbility for CPAs #109 – Moore v United States may have major ramifications on CPAs and their clients. What do we already know and what can we expect as this case continues? In this episode, Garrett Watson provides a deep analysis on Moore v United States so we can navigate accordingly with our clients and to prepare everyone for the outcome ahead. Learn more about your ad choices. Visit megaphone.fm/adchoices
Connect With Clients
October 19, 2023 20:46 - 35 minutes - 49 MBWealthAbility for CPAs #108 – Taxes are often anxiety inducing for our clients. But what if we could alleviate that stress by practicing positive communication? Are you so task-driven that you’re forgetting to build a necessary financial relationship? In this episode, Julien C. Mirivel and Alex Lyon join Tom in exploring the key fundamentals of positive communication, how you can be a better leader using them, and how building deeper relationships catapults us to a better practice. Learn more...
Structuring a Risk-Free Business
October 05, 2023 21:17 - 22 minutes - 31.1 MBThe volatility of the economy, inflation, and the aftermath of the pandemic have affected our community of small business owners. How do we structure our own firm from the inside so it is impenetrable from outside factors? What are the internal foundations we need to build a risk-free business? In this episode, Patrick Esposito joins Tom in exploring how to internally structure our small business for success, sustainability, and longevity. Learn more about your ad choices. Visit megaphone.fm/...
How to Handle an Audit
September 25, 2023 16:44 - 32 minutes - 45.4 MBWith the IRS announcing they will ramp up their audits, what does this mean for our firms and our clients? How can we be the best advocate and alleviate the stress of an audit for all parties involved, but especially for our clients? In this episode, Tom Wheelwright walks us through the in-depth details of what to expect from an audit, and the steps to handle it from start to finish, so we can optimally and optimistically serve our clients. In this episode, Tom Wheelwright walks us through th...
Client-First Pricing
September 08, 2023 19:24 - 32 minutes - 45.6 MBWhen was the last time you stepped back and updated your pricing model? What is this price based on, anyway? Perhaps our perspective could be shifted, structures updated, and everyone is a winner on the other side. In this episode, Ron Baker joins Tom to we can create more revenue and attract better clients, all by refocusing our value-metrics. Learn more about your ad choices. Visit megaphone.fm/adchoices
Depreciation & Credits
August 27, 2023 10:00 - 35 minutes - 49 MBShould you be utilizing cost-segregation studies? Do your clients qualify for research and development credits? Even if our clients don’t benefit from these tools right now, understanding how they could in the future might help them generate significantly more wealth. In this episode, Kim Lochridge joins Tom to help us discover how accelerating depreciation and capturing credits can maximize cashflow, dramatically increase deductions, and protect you against IRS audits. In this episode, Kim L...
Peak Management Skills
August 10, 2023 21:30 - 32 minutes - 45.2 MBEvery business benefits from a rigid and comprehensive set of internal systems. Even if you don’t know it already, your business is probably operating with systems whether you know it consciously or not. In this episode, David Dodson joins Tom to discuss how to create a system that allows you to successfully manage all aspects of your accounting business. Learn more about your ad choices. Visit megaphone.fm/adchoices
Crafting Your Brand
July 27, 2023 19:00 - 29 minutes - 41 MBHave you thought about starting a podcast? Maybe a simple newsletter? Your personal brand exists whether you want it to or not, and people will have their opinions. In this episode, Aliza Licht joins Tom to help us discover how to build a system that crafts, re-crafts, amplifies and sustains your brand. Learn more about your ad choices. Visit megaphone.fm/adchoices
Authentic Leader, Successful Business
July 13, 2023 13:15 - 33 minutes - 45.8 MBEntrepreneurs put so much of themselves into their businesses, it’s natural that the business is going to become part of them. Understanding yourself can lead to an authenticity in your business that attracts success. In this episode, Gary C. Cooper joins Tom to discover how lasting success comes from determining your purpose and then serving others. Learn more about your ad choices. Visit megaphone.fm/adchoices
Authentic Leader, Successful Business
July 13, 2023 13:15 - 34 minutesEntrepreneurs put so much of themselves into their businesses, it’s natural that the business is going to become part of them. Understanding yourself can lead to an authenticity in your business that attracts success. In this episode, Gary C. Cooper joins Tom to discover how lasting success comes from determining your purpose and then serving others. Learn more about your ad choices. Visit megaphone.fm/adchoices
Outsmarting AI – Tom Wheelwright w/ Mike Goldsby– WealthAbility for CPAs #100
June 28, 2023 21:00 - 28 minutesWealthAbility for CPAs #100 – AI is here, and it’s already having a significant impact on life as we know it. Instead of fearing our dwindling relevance, perhaps we can leverage the power of AI in our business. Learn more about your ad choices. Visit megaphone.fm/adchoices
Outsmarting AI
June 28, 2023 21:00 - 27 minutes - 37.8 MBAI is here, and it’s already having a significant impact on life as we know it. Instead of fearing our dwindling relevance, perhaps we can leverage the power of AI in our business. In this episode, Mike Goldsby joins Tom to help us discover how we can design a tax business that will thrive in this a of rapid change. Learn more about your ad choices. Visit megaphone.fm/adchoices
Communication, Value, The Prospect
June 19, 2023 10:00 - 28 minutes - 38.9 MBLanding clients is more cut-throat than ever. People are often talking about getting “more” prospects, but have you explored converting “better” prospects? A deeper understanding of human nature might be the key to your success. In this episode, David Kurkjian joins Tom to discuss how we can efficiently connect with our prospects to make sure we’re the solution they need. In this episode, David Kurkjian joins Tom to discuss how we can efficiently connect with our prospects to make sure we’re ...
Under Pressure
May 10, 2023 13:00 - 29 minutes - 41.5 MBHow do we improve our decision making under pressure? Is there a formula we can use to guide our decisions in our business? In this episode, Doug Lennick & Chuck Wachendorfer join Tom in exploring what it takes to be better decision makers from improving our self-leadership, productivity, performance, and life. Learn more about your ad choices. Visit megaphone.fm/adchoices
Redefining Sales
April 28, 2023 11:00 - 29 minutes - 41.4 MBDo you find sales challenging? Have you been struggling to find your authenticity with a client? In this episode, Colin Coggins and Garrett Brown join Tom in dissecting what goes into the perfect sale and how you can refine your methods through personal development. Learn more about your ad choices. Visit megaphone.fm/adchoices
Shifting Gears
April 15, 2023 21:20 - 27 minutes - 38.3 MBAre you curious about shifting from compliance-based tax services to strategic and consultive? What is the value in accelerating your firm to another level? In this episode, Tom Wheelwright and John Thompson explore how shifting your tax services can grow both your firm and your client‘s value, know where to start, and where to go confidently on your leap to the next level. Learn more about your ad choices. Visit megaphone.fm/adchoices
ChatGPT vs. CPAs
March 22, 2023 22:00 - 30 minutes - 41.7 MBWhat impact can AI have on the accounting and advisory professions? Is there a way to utilize AI for your practice, but still position your business to be AI proof? In this episode, Tom Wheelwright and Professor Nick Hallman explore how to adopt AI and increase profits and productivity while reducing costs. Learn more about your ad choices. Visit megaphone.fm/adchoices
ChatGPT vs. CPAs
March 22, 2023 22:00 - 31 minutesWhat impact can AI have on the accounting and advisory professions? Is there a way to utilize AI for your practice, but still position your business to be AI proof? In this episode, Tom Wheelwright and Professor Nick Hallman explore how to adopt AI and increase profits and productivity while reducing costs. Learn more about your ad choices. Visit megaphone.fm/adchoices
Planning For Success
March 08, 2023 23:23 - 28 minutes - 39.4 MBAre your plans working out for you? Or do you find them working against you - costing you time, money, your team and your company? Are there practical ways to create and implement a smooth and reliable plan to ensure fast delivery and accelerated results? In this episode, Tom Wheelwright and Dan Gardner breakdown what successful planning actually looks like. You and your team can begin to execute projects with quicker, optimal results time and time again – and it starts with you. Learn more a...
Conquer Burnout
February 25, 2023 00:16 - 28 minutes - 39.5 MBAre you or your team chronically stressed because of work? Are you able to catch the warning signs before they cause a negative relationship with work and with yourself? In this episode, Christina Maslach joins Tom Wheelwright to breakdown what areas in the workplace cause burnout, how to recognize the signs, and how you can implement solutions so you, your team, and in turn your clients can truly thrive. Learn more about your ad choices. Visit megaphone.fm/adchoices
Tell Your CPA Story
February 09, 2023 15:41 - 44 minutes - 61.2 MBHow can we CPAs find and attract the best clients for us? Is there a way we can only work with clients we genuinely enjoy? In this episode, Justin Breen joins Tom to discuss how the art of storytelling and embracing your unique superpower can bring clients who love who you are, and not just what you do. Learn more about your ad choices. Visit megaphone.fm/adchoices
2023 Tax Changes
January 11, 2023 23:42 - 29 minutes - 40.7 MBIt's important to prepare ourselves for the future, so we can better help our clients traverse the ever-evolving tax code in 2023. In this episode, Garrett Watson joins Tom to explore the dialogue and expected changes we'll see in the coming year. Learn more about your ad choices. Visit megaphone.fm/adchoices
Big Money, Micro Business
December 29, 2022 19:00 - 25 minutes - 36 MBStarting your own business can be grueling. What can we learn from the success of other micro businesses? Is running a business all by yourself a viable road to success? In this episode, Elaine Pofeldt joins Tom to discuss how to build a high-revenue CPA business as a solo or small practitioner. Learn more about your ad choices. Visit megaphone.fm/adchoices
Live Your Life, Insured
December 15, 2022 14:00 - 30 minutes - 42.3 MBWhen you create tax strategies for your clients, do you discuss the benefits of life insurance and the value it can bring to their investment plans? In this episode, Kim Butler joins Tom to discuss how we can incorporate and leverage life insurance policies into our wealth goals. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Gift of a Complaint
December 14, 2022 19:55 - 24 minutes - 33.8 MBHave you ever received a complaint from a client? Were you able to turn a client’s negative experience into something positive for growth? In this episode, Janelle Barlow joins Tom to discuss how we build systems that can grow from complaints to ensure that clients receive the ultimate service experience. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Modern Toolkit
November 17, 2022 12:00 - 36 minutes - 50.9 MBWould your clients describe your firm as “modern”? Are you utilizing all the tools that your competitors have started to leverage for themselves? In this episode, Rob Brown joins Tom to discuss what updates an accounting firm needs to survive in the modern day. Learn more about your ad choices. Visit megaphone.fm/adchoices
Designing Sales Success
November 04, 2022 18:13 - 31 minutes - 43.1 MBDiscover how developing your comfort zone – not getting out of your comfort zone -- propels growth in your business. In this episode, Stacey Hall joins Tom to discuss how CPAs can unlock sales success by developing their comfort zone to better engage with prospects and clients. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Firm of the Future
October 19, 2022 13:00 - 37 minutes - 52.5 MBAccountancy is about to make a leap into the future. Many things will be automated, but are there some things that won’t be? Can a computer provide tax strategy when so much of it is contingent on the emotional desires of a client? In this episode, Martin Bissett joins Tom to discuss how you position yourself and your firm for the future of accountancy. Learn more about your ad choices. Visit megaphone.fm/adchoices
The CPA of Tomorrow
October 13, 2022 13:00 - 30 minutes - 42.8 MBWe have emerged from the pandemic into a permanently altered landscape that dictates how we run a successful CPA firm. There has been a shift at the fundamental level from recruitment to prospecting. What new variables are on the table and how can we evolve within the volatility? In this episode, Jodie Padar and Tyler Clark join Tom to discuss what’s changed and how CPAs stand to gain from the status quo. Survey - www.wealthability.com/cpa-poll CPA Event – www.wealthability.com/cpaevent2022 ...
Beefed Up IRS
October 07, 2022 20:11 - 25 minutes - 35.2 MBAs CPAs, it’s our role to advocate for our clients. A proper defense starts with a proper understanding of what the rules are. With Biden giving the IRS an additional $80billion dollars, the odds of your clients getting audited is higher than ever. In this episode, Joe Thorndike joins Tom to discuss what we can expect the IRS to do with their increased budget. Learn more about your ad choices. Visit megaphone.fm/adchoices
Inflation Rates & Our Future
September 22, 2022 23:05 - 33 minutes - 46.7 MBAre we headed for a recession? Is inflation going to overwhelm the markets? What is the cost reversing inflation? In this episode, Richard Duncan joins Tom to discuss if the U.S. should brace for a soft or hard landing amidst our current economy. Learn more about your ad choices. Visit megaphone.fm/adchoices
The IRS, Inflation & Taxes
September 08, 2022 23:32 - 30 minutes - 42.8 MBInflation is an insidious, pervasive, and regressive tax that never gets voted on. On top of everything, the ambiguity of the language dictating the IRS adds an additional layer of confusion. In this episode, Garrett Watson joins Tom to discuss how to shield your clients from the impacts of inflation. Learn more about your ad choices. Visit megaphone.fm/adchoices
Rebooting Recruiting
August 25, 2022 22:00 - 28 minutes - 40 MBHave you succeeded in recruiting your all-star team? By and large, business owners said hiring good CPAs is their biggest challenge. In this episode, Christina Morse joins Tom to help us discover how to attract, recruit, and retain the best talent for your tax business. Learn more about your ad choices. Visit megaphone.fm/adchoices
Finding Your Dream Clients
August 11, 2022 19:00 - 23 minutes - 33.2 MBWho is your dream client? Would you even recognize them if they walked through the door? Finding and retaining your ideal clients can make your business more enjoyable and far more profitable. In this episode, Tyler Clark joins Tom to discuss what you can do to attract people you love working with. Learn more about your ad choices. Visit megaphone.fm/adchoices
What's Your Exit Strategy?
July 28, 2022 13:00 - 24 minutes - 34.5 MBHave you thought about creating an exit strategy? Did you know a good exit plan can substantially increase the value of your business? Buyers, employees, and even clients have lots to gain from it. In this episode, Chris Vanderzyden joins Tom to discuss the components of a proper exit strategy. Learn more about your ad choices. Visit megaphone.fm/adchoices
Create Client Demand
June 29, 2022 21:30 - 24 minutes - 34.1 MBHas your marketing been generating clients? Do you have a strategy to convert people’s curiosity into lasting relationships? Creating and marketing your brand is an essential pillar in growing your business. In this episode, Brendan Kane joins Tom to help us discover how to systematically find and engage new clients. Learn more about your ad choices. Visit megaphone.fm/adchoices
Control Your Success
June 15, 2022 21:00 - 34 minutes - 47.6 MBSometimes what you think about yourself can cloud your understanding of how others feel about you. Knowing yourself as an advisor can lead to a better relationship with your clients. In this episode, Dr. Alan Patterson joins Tom to discuss how to engineer a blueprint for lifelong success. Learn more about your ad choices. Visit megaphone.fm/adchoices
Design Your Success
June 03, 2022 13:00 - 29 minutes - 40.5 MBDiscover how success begins with a design, and improves employee retention, hiring, productivity, and client output. In this episode, world-renowned designer Bill Burnett joins Tom to discuss how design is the foundation for workplace success. Learn more about your ad choices. Visit megaphone.fm/adchoices
Inflation & Taxes
May 18, 2022 19:00 - 25 minutes - 35.5 MBDiscover how surging inflation impacts taxes, and tax strategies. CPAs will hear what steps they can take today to help their clients combat inflation. In this episode, Garrett Watson joins Tom to discuss the impacts of policies and rising interest rates, and how they play a role in the future of your investments and even your well-being. Learn more about your ad choices. Visit megaphone.fm/adchoices
Lead to Win
May 04, 2022 20:28 - 24 minutes - 33.5 MBGood leadership is imperative to sustainable business growth and can often inspire people to be their best. In this episode, retired Army Colonel Chris Kolenda joins Tom to discuss what type of leader builds a successful CPA practice and how CPAs can develop winning leadership skills. Learn more about your ad choices. Visit megaphone.fm/adchoices