Accounting High 026 The Elephant in the Room (feat. Nayo Carter-Gray, EA)
Episode #26
❤️🖤💚Nayo Carter-Gray, EA MBA | Founder of 1st Step Accounting
Baltimore, MD
Recorded August 30, 2021
6 Does the CPA matter to clients anymore?
9 from the summer job in high school to filing your own taxes and getting refunds
#SideHustleStories…
Nayo - High School doing friends 1040-EZ in high school for $25 a pop
Scott - High School selling CDs for $25 a pop
Scott - Middle School doing friends book reports for $10 a pop
Nayo - MaryKay to Slumber Parties, adult toys and lingerie for ladies…
12 getting an MBA in IT and passions for cyber security
***shout out to LastPass and Cashapp***
14 Internship at a black accounting firm in Baltimore during college
15 Healthcare accounting for 10 years
***shout out to Shoeboxed and Square***
15 Paperless from the jump
16 A Side Hustle is A Side Effect of growing up, not too rich…
17 multilevel marketing aka mini-franchises
21 the strategies of selling sex toys and making $750 an hour
22 to run a successful business you need to make sure you have scalable processes…
***shout out to 1st Step Accounting: We make Accounting a little less Taxing for Small Business Owners***
23 breaking down complex topics into simplified processes and formulas
24 Do you have any employees at 1st Step Accounting?
***shout out to InboxDone.com***
24 Outsourcing Email
25 How do you keep all the multiple hats of running a business on your head?
***shout out to the Passion Planner and Nifty and the Pomodo Technique***
26 TimeBlock and STOP trying to multitask, because it doesn’t work
***shout out to our sponsor Reach Reporting***
27 What Makes your firm different from other firms?
***shout out to Cognito Forms***
28 Where do you feel you’re at with 1st Step in your journey?
38 tell us a little bit about Steps to Success…
***shout out to Intuit QuickBooks and Xero***
***shout out to Amanda Aguillard CPA CISD and Cathy Iconis, CPA***
41 QuickBooks vs Xero is also Blue vs Green… speaking of colors…let’s talk diversity in accounting…
44 The first Intuit Black Accountants Meetup of 2019
45 It Starts with a Voice then you become The Hero
47 Unfortunately, it might take a generation “melting away” before we see some real change…
48 Take an internal bias test… once you understand who you are and what makes you tick, then you can really understand how you show up in the world
54 What are some of the barriers for black accountants to become licensed CPAs?
56 working hard and putting yourself through college as a teen mom
59 what’s the biggest piece of advice you can give other accountants?
***shout out to our sponsor Practice Ignition***