Accounting Insiders How CPAs Can Embrace Automation & Digital Transformation | Michale Uadiale
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Apr 15, 2025 
Michael Uadiale, the Managing Partner of Smead CPA and a passionate entrepreneur, shares his journey in tax and advisory services. He delves into common mistakes small business owners make, emphasizing the need for strong financial foundations. Uadiale discusses the transition from compliance to proactive advisory services, focusing on technology's role in financial insights. He also highlights crafting a financial vision for clients and the importance of strategic planning, especially for real estate investors navigating asset protections.
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Surprise Six-Digit Tax Bill
- Michael Uadiale received a surprise six-digit tax bill despite hiring a CPA for help.
- This experience motivated him to improve the tax advisory process for his clients.
Continuous Tax Advisory
- Focus on advisory services to align tax strategies with clients' financial visions.
- Keep clients informed year-round to avoid surprises in their tax bills.
Hire Professional Bookkeepers
- Small business owners should prioritize hiring a dedicated bookkeeper.
- Avoid having family members do bookkeeping to protect financial accuracy and save time.