#AccountingEvolutions | Future Change is Always Present (feat. Ian Vacin of House Karbon)

Dec 4, 2021

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#AccountingEvolutions | Future Change is Always Present (feat. Ian Vacin)

BONUS to episode #27

Recorded Tuesday, November 16 @ Padgett FOCUS 2021 in Atlanta, GA - the epicenter of the tax epidemic

Hello and welcome, we are all the Sons of CPAs, join us this week from the epicenter of the tax epidemic, with another special guest Ian Vacin

recorded in person in Atlanta, Georgia on Tuesday, November 16, 2021

... today we're talking about the evolution of accounting, and it gets deep… here are some quotes from the episode

how do we look introspectively and figure out how we're going to do things differently going forward?

why would we impose change on ourselves or on our firm?

California seems to have a lot of the change. Well, the change curve kind of starts there when it comes to tech and other things. How about tax?

a lot of conversations I'm having start with, “I want to sell my practice”, OR “I want to buy books of business”

the reason why we got where we were two years ago to where we are today was because of the backs of the accounting profession. Helping support psychologically, financially, all different efforts to be able to create the programs, to get people the support they needed.

So we got to experience how much we, as accountants, have a lot more strength to withstand anything that could be thrown at us because we have a stoic mindset, we know that it could be worse. So my current present, I can choose and I have more power over the decisions.

there's a lot out there that are looking to buy. So I think the frequency of buyers has increased because it's like a gold rush, they see the value...

I think that the buyer's market can be a smaller firm and you can also play in that market. But if you do it, you better have gotten your house in order and the foundation needs to be there. You have to increase your margins. The problem has been consistent for the last 20 years. It's very hard to get talent. You're dealing with a situation where the talent growth has 0.4% - 0.6%. increased growth year over year on talent.

I've noticed that too with my conversations are a lot different these days. it's a different, level of understanding on both parties. I've always had my head in the clouds, so to speak and that's been hard to relate. A lot of people have gone through another level of maturity, even at an older age, with different level of understanding and empathy.

and people still let their egos get in the way…but that’s a story for another day, Cheers.

Please subscribe to the Sons of CPAs on your favorite podcast player, and leave us a review on Apple Podcasts!