234 Tax Firm Adding Value with Financial Planning and CAS (feat. Matt Kidd, CPA)

Accounting High

Episode 234

FACULTY: Matt Kidd, CPA

CLASS: #Shoperations

In this throwback to Sons of CPAs, Scotty chats it up with Matt about his two CPA brothers, diving into how they each built successful practices, inspired by their CPA father. They talk about managing and transitioning CPA firms, incorporating wealth management, modernizing traditional practices, tax season, and client relationships. Tune in for a comprehensive view on growing a client-centric, million-dollar CPA practice, with insights on practical strategies and overcoming challenges in the accounting profession.

📣 Shout Outs: Shane Mason, Blunden, QuickBooks Online, QuickBooks Desktop, Xero, UltraTax, Karbon, Excello, Onvio, Thompson Reuters, Citrix, Buckingham Strategic Partners, Loring Ward, AICPA, AICPAENGAGE, Jon Gordon

⬇️ Video Referenced ⬇️

051 - Numbers and Love Letters (feat. Shane Mason, CPA/PFS, CFP, CPWA) (https://youtu.be/Pkn_JPfwl0k)

📚 Books Referenced 📚

The Energy Bus: 10 Rules to Fuel Your Life, Work, and Team with Positive Energy by Jon Gordon

(https://theenergybus.com/)

Chapters:

00:00 Teaser

02:12 Meet Matthew Kidd: The CPA Journey

02:30 Family of CPAs: The Kidd Legacy

02:50 The Value of Wealth Management

02:58 Matthew's Path to Becoming a CPA

07:26 Acquisitions and Practice Growth

14:15 Hard Numbers

24:02 Modernizing

25:43 Navigating Tax Laws and Old Tech

27:18 The Onvio Experience

29:50 Transitioning to Cloud-Based Systems

33:24 Launching Wealth Management Services

40:57 Marketing Wealth Management to Clients

45:17 The GetTo Foundation and Its Impact

47:54 Reflections on Accounting Practices and Margins

51:39 Closing Thoughts and Future Plans

🔗 Connect With Us On LinkedIn! 🔗

Matt Kidd, CPA

📎 https://www.linkedin.com/in/matthewkiddcpa/

Blunden & Kidd Accounting & Consulting, P.C.

📎 https://www.linkedin.com/company/blunden-kidd-accounting-consulting-p-c/

📎 https://blundenkidd.com/

Scotty OKR Scarano

📎 https://www.linkedin.com/in/scottscarano/

Accounting High

📎 https://www.linkedin.com/company/accounting-high/

📎 https://www.accountinghigh.com/

Tags: Shoperations, Accounting High, Accounting, Podcast, Shop Class, Firm Operations, Systems And Processes, tax planning, financial advisory, CPA journey, wealth management, family business, accounting firm growth, hybrid work model, client relationships, CAS integration, professional development