Accounting Today Podcast

Michael Bannon of ESOP investment banking advisors CSG Partners explains which accounting firms might want to look into employee stock ownership plans -- and why.

AICPA chair Carla McCall talks about the opportunities and challenges facing the profession, and how accounting firms need to work together so they can all thrive separately.

David Wurtzbacher, a representative from PE-backed accounting firm platform Ascend, argues that managing partners should focus on leading their firms rather than maintaining individual client portfolios. He discusses the necessity of effective leadership in CPA firms and how delegation can improve client service quality. Wurtzbacher emphasizes the importance of mindset shifts as partners transition to CEO roles, fostering entrepreneurial growth, and prioritizing personal well-being to enhance professional performance.

Sarah Dobek from Inovautus Consulting, a leader at the crossroads of strategy and service delivery, discusses the pivotal role of practice leaders in driving firm growth. She emphasizes the necessity of aligning services with firm strategy through effective market analysis and client engagement. Sarah also highlights the dual responsibilities these leaders face, balancing current operations with new client acquisition. The conversation showcases the evolution of leadership in accounting, stressing the importance of communication and strategic planning in responding to market demands.

Client advisory services Kane Polakoff of CohnReznick looks into the future of this fast-growing service area, and outlines the steps firms need to take to succeed in CAS's next iteration.

John Napolitano, Founder of Napier Financial, discusses the importance of ongoing financial planning post-retirement. Topics include income changes, Social Security, estate planning, managing debt, and balancing a portfolio. Emphasizes avoiding overspending early in retirement, staying flexible, and planning for unexpected events to ensure financial stability.

The National Pipeline Advisory Group's recommendations cover a wide range of ways to attract more people to the profession, and NPAG facilitator and ConvergenceCoaching co-founder Jennifer Wilson walks us through what everyone can do to bring in the next generation. If you're interested in helping, you can take the Pipeline Pledge here.

Laura Sprouse, the new CEO of a top 100 accounting firm, discusses her career trajectory and future plans. Topics include leadership, succession planning, firm growth through acquisitions, navigating industry challenges, technology in accounting, and advice for young accountants.

What it means to be an accountant is changing -- and that may be an important part of attracting more young people too the profession, says David Bergstein.

Joe Woodard, an expert in accounting, discusses the disconnect between what clients value and what accountants think they value. He emphasizes the importance of providing value beyond basic deliverables, educating clients on the accountant's role, offering controller services, and adapting to the changing landscape of accounting services in a world of artificial intelligence.