The Concierge CPA

In this episode, Dr. Jackie Meyer, CPA and Neil Gordon explore the challenges professionals face in communicating their value effectively, particularly in the tax advisory field. They discuss the concept of the 'silver bullet' as a powerful persuasion technique, the evolving role of tax professionals in light of AI advancements, and the importance of redefining tax advisory to focus on proactive strategies rather than mere compliance. The discussion also touches on practical insights for improving communication and messaging in professional settings.🔗 Connect with Neil Gordonhttps://www.linkedin.com/in/neilcanhelp/https://www.linkedin.com/company/neil-gordon-consulting/about/https://neilcanhelp.com/🔗 Connect with Dr. Jackie MeyerJackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpaJackie on Instagram @jackiemeyerCPAJackie's work at https://www.jackiemeyercpa.comThis episode is brought to you by TaxPlanIQ:https://www.taxplaniq.comJoin the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listenersMake sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!---------------Takeaways:- Most professionals create amazing work but struggle to communicate value.- The silver bullet technique can transform messaging and persuasion.- Tax compliance is becoming obsolete due to AI advancements.- Tax advisors need to redefine their roles to focus on strategy.- Effective communication starts with addressing the client's perceived problems.- Understanding the audience is key to successful persuasion.- Simplifying complex ideas can enhance client understanding.- Proactive tax strategies lead to better financial outcomes for clients.- The value of a tax professional lies in their advisory capabilities.- Building relationships is crucial for maximizing existing client engagement.---------------#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #Accounting #Communication #ValueProposition #TaxAdvisory #Persuasion #SilverBullet #AITax #TaxAI #TaxPros

In this conversation, Dr. Jackie Meyer and Aleksander Dyo, Founder of Wealth Excel, of discuss the intricacies of charitable gift financing, a strategy that allows high-income earners to maximize their charitable contributions while minimizing tax liabilities. They explore the mechanics of the grantor's trust, the ideal clients for this strategy, and the legal validity of charitable gift financing. The discussion also addresses common myths surrounding charitable giving and emphasizes the importance of intentional philanthropy in legacy planning.🔗 Connect with Aleksander Dyohttps://www.linkedin.com/in/aleksander-dyohttps://wealth-excel.com/🔗 Connect with Dr. Jackie MeyerJackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpaJackie on Instagram @jackiemeyerCPAJackie's work at https://www.jackiemeyercpa.comThis episode is brought to you by TaxPlanIQ:https://www.taxplaniq.comJoin the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!---------------Takeaways:- Charitable gift financing has been around since 1978.- The strategy allows for significant tax deductions on charitable contributions.- Grantor's trusts provide asset protection and privacy for clients.- Ideal clients are high-income earners looking for tax-efficient philanthropy.- The strategy can be structured to minimize cash outflow during the client's lifetime.- Clients can receive a tax deduction for the entire financed amount, not just the down payment.- The process typically takes 45 to 60 days from start to finish.- There are two stages of charitable giving: immediate and legacy giving.- The strategy is validated by IRS rulings and has been tested under audit.- Education is key to understanding and utilizing advanced charitable planning strategies.---------------#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #Accounting #CharitableGiftFinancing #WealthManagement #GrantorsTrust #Philanthropy #TaxDeductions #LegacyPlanning #FinancialServices #HighNetWorthIndividuals #TaxEfficiency

*Special Edition of tax law changes webinar being released on The Concierge CPA Podcast*Massive tax changes are here now. Are you ready to help your clients take advantage ASAP?Congress just passed the biggest tax overhaul in years—packed with client-facing deductions and once-in-a-lifetime planning opportunities.As an accountant, this is your chance to become indispensable.Join us for a timely, practical webinar breaking down the key provisions of the new legislation (a.k.a. the “Big Beautiful Bill”)—and how you can proactively use them to deliver real savings and value to your clients. Here’s Some of What We’ll Cover:✅ 100% Bonus Depreciation Is Back—PermanentlyOne of the most aggressive tax tools is now locked in. We’ll cover how to use it for big-ticket purchases and strategic timing.✅ R&D Expensing Reinstated (Retroactive to 2022)Full expensing is back for domestic R&D. If your business-owner clients qualify, this could unlock huge deductions immediately.✅ Permanent QBI Deduction for Pass-ThroughsThe 20% deduction is now permanent—but most advisors miss out on optimizing it for high-income clients. We’ll show you how.✅ Overhauled QSBS Exclusion RulesNew tiers, higher caps, and earlier exits. Big changes to Section 1202 open new doors for startup founders and investors—if you know how to navigate them.✅ Tax Planning That Powers Business GrowthWe’ll walk through how these provisions can be layered together for massive ROI—and how to position yourself as the expert who brings it all together.And a lot more!!If you’re an accountant, EA, or tax advisor…this webinar will help you:➜ Identify new savings for clients before tax season hits➜ Stay ahead of the curve (before competitors even mention it)➜ Add proactive value your clients will actually feel---------------🔗 Connect with Dr. Jackie MeyerJackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpaJackie on Instagram @jackiemeyerCPAJackie's work at https://www.jackiemeyercpa.comThis episode is brought to you by TaxPlanIQ:https://www.taxplaniq.comJoin the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!---------------#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #Accounting #TaxPlanIQ #OB3 #OBBB #OBBBA #OneBigBeautifulBill

In this conversation, Dr. Jackie Meyer, CPA and Reza Hooda, Coach & Mentor to Accountants with The Profitable Accountants Community, discuss the transformative journey of Reza from a traditional accounting background to modernizing his practice through value pricing and effective client engagement strategies. They explore the importance of pricing psychology, positioning, and the four pillars of success in building a thriving accounting firm. Reza shares his insights on the challenges faced by accountants and the necessity of niching down to attract the right clients. The discussion also touches on the impact of mentorship and continuous learning in achieving business growth and personal freedom.🔗 Connect with Reza Hoodahttps://www.linkedin.com/in/rezahooda/https://www.rezahooda.com/🔗 Connect with Dr. Jackie MeyerJackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpaJackie on Instagram @jackiemeyerCPAJackie's work at https://www.jackiemeyercpa.comThis episode is brought to you by TaxPlanIQ:https://www.taxplaniq.comJoin the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!---------------Takeaways:- Reza transitioned from a traditional accounting firm to a modern practice.- He emphasizes the importance of value pricing over hourly billing.- The journey of learning and transformation is crucial for accountants.- Positioning and client engagement are key to attracting the right clients.- Pricing psychology can significantly impact profitability. -Reza's book outlines practical steps for accountants to succeed.- Mentorship played a vital role in Reza's business transformation.- Narrowing down the target audience helps in effective marketing. - Building a firm should provide time, money, and freedom.- Continuous learning is essential for growth in the accounting profession.---------------#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #FinancialAdvisor #AccountingFirmOwners #TaxPlanIQ #FinancialStrategies #Accounting #ValuePricing #BusinessTransformation #ClientEngagement #PricingPsychology #AccountingFirmSuccess #ModernAccounting #Mentorship #BusinessGrowth #FinancialFreedom

In this episode of The Concierge CPA Podcast, Dr. Jackie Meyer interviews Matt Tait, founder and CEO of Decimal, a firm that leverages AI and technology to enhance accounting operations. Matt shares his journey from being a lawyer to creating a client-centric accounting experience, emphasizing the importance of technology in streamlining workflows and improving client engagement. The conversation also delves into the significance of fixed fee pricing, the role of AI in automating accounting tasks, and the value of strategic partnerships in the accounting industry. In this conversation, Matt Tait and Dr. Jackie Meyer discuss the intricacies of partnerships in tax advisory, the challenges of scaling service-based companies, and the importance of hiring and training in a global workforce. They emphasize the need for transparency in outsourcing bookkeeping and share insights from case studies in the industry. The discussion also touches on personal experiences and fun insights during a lightning round.🔗 Connect with Matt Taithttps://www.linkedin.com/in/mtait83/ https://www.decimal.com/🔗 Connect with Dr. Jackie MeyerJackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpaJackie on Instagram @jackiemeyerCPAJackie's work at https://www.jackiemeyercpa.comThis episode is brought to you by TaxPlanIQ:https://www.taxplaniq.comJoin the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!---------------Takeaways:- Decimal focuses on creating the best client experience.- The accounting industry needs to prioritize client service over internal processes.- AI can automate many daily accounting tasks, but human oversight is still essential.- Fixed fee pricing can alleviate client concerns about billing.- Technology should enhance, not replace, the accountant's role.- Daily financial updates are more beneficial than traditional month-end closes.- Collaboration with other firms can expand service offerings and client base.- Understanding client needs is crucial for effective service delivery.- AI can assist in drafting communications but should not replace personal touch.- Strategic partnerships with tech companies can optimize accounting workflows. There's a big disconnect between tax advisors and compliance partners.- Clear relationship guidelines are essential for successful partnerships.- Cultural values play a significant role in hiring.- Flexibility in work hours can enhance employee satisfaction.- Providing growth opportunities is crucial in retaining talent.- Transparency in outsourcing can alleviate client concerns.- Quality of work is often a misconception in outsourcing.- Training and onboarding are vital for successful integration.- Technology should be leveraged to improve efficiency.- Understanding client expectations is key to successful service delivery.---------------#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #FinancialAdvisor #AccountingFirmOwners #TaxPlanIQ #Decimal #AIAccounting #ClientExperience #Bookkeeping #Technology #FixedFeePricing #AccountingPartnerships #WorkflowAutomation #Reconciliations #AccountingInnovation #TaxAdvisory #Partnerships #ServiceCompanies #Hiring #Outsourcing #BookkeepingTransparency #CaseStudies #IndustryInsights #Automation

In this episode of The Concierge CPA Podcast, Dr. Jackie Meyer discusses recent tax news and insights with David Podell, Founder of Business Benefits Consultants. They explore the implications of the IRS's expansion of the free file program, the impact of smaller tax refunds on clients, and the hiring of new auditors. The conversation shifts to retirement planning, focusing on the benefits of solo 401(k) plans, government incentives for small employers, and common misconceptions about retirement contributions. The episode concludes with a lightning round of questions, providing light-hearted insights into the world of tax and finance.🔗 Connect with David Podellhttps://www.linkedin.com/in/bbconsultants/https://businessbenefitsconsultants.com/🔗 Connect with Dr. Jackie MeyerJackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpaJackie on Instagram @jackiemeyerCPAJackie's work at https://www.jackiemeyercpa.comThis episode is brought to you by TaxPlanIQ:https://www.taxplaniq.comJoin the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!---------------Takeaways:- The IRS is expanding their free file program, which may impact tax professionals.- Clients are experiencing smaller refunds due to fewer pandemic-era credits and inflation.- Retirement plans can provide significant tax benefits for business owners.- Many individuals under-contribute to retirement plans, highlighting the need for better education.- Auto-enrollment in retirement plans is helping increase participation rates.- Solo 401(k) plans allow for higher contribution limits compared to other retirement plans.- Government incentives are available for small employers setting up retirement plans.- Common misconceptions about retirement plans can lead to missed opportunities for tax savings.- It's important to regularly review retirement plans to ensure compliance and maximize benefits.- Investing in oneself is crucial for long-term success in financial planning.---------------#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #FinancialAdvisor #AccountingFirmOwners #TaxPlanIQ #DavidPodell #TaxNews #RetirementPlanning #Solo401k #IRSUpdates #FinancialAdvice #TaxDeductions #GovernmentIncentives #BusinessBenefits

In this episode, Dr. Jackie Meyer and Van Carlson, CEO of SRA 831(b) Admin, discuss the complexities of risk management and the role of 831B captive insurance in modern business. They explore the evolution of risk since the introduction of the 831B tax code, the challenges posed by IRS regulations, and the importance of understanding unique business risks. Van emphasizes the need for business owners to educate themselves about risk management tools and the significance of proactive planning in navigating the complexities of insurance and compliance, especially as the Trump administration makes changes.🔗 Connect with Van Carlsonhttps://www.linkedin.com/in/vancarlsonhttps://www.831b.com/🔗 Connect with Dr. Jackie MeyerJackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpaJackie on Instagram @jackiemeyerCPAJackie's work at https://www.jackiemeyercpa.comThis episode is brought to you by TaxPlanIQ:https://www.taxplaniq.comJoin the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.Make sure you head to https://www.taxplaniq.com/podcast for your listener exclusives!---------------Takeaways:- Risk management is crucial for entrepreneurs.- The 831B tax code allows for self-insuring unique risks.- IRS regulations can complicate captive insurance strategies.- Business owners should assess their unique risks regularly.- Captive insurance can provide tax planning & financial advantages if managed correctly.- Understanding the lifecycle of a captive is essential for business owners.---------------#JackieMeyer #AccountingFirm #TaxPlanning #AccountingTips #FinancialPlanning #TaxStrategies #CPA #FinancialAdvisor #AccountingFirmOwners #TaxPlanIQ #831B #CaptiveInsurance #RiskManagement #IRSregulations #BusinessInsurance #Entrepreneurship #TaxStrategy #BusinessRisks #InsuranceCompliance #trump2024 #trumpupdate- Education is key to making informed decisions about risk management.- The landscape of risk is evolving with technology and market changes.- Collaboration with CPAs and financial advisors is vital.- Captive insurance is not just for large corporations; small businesses can benefit too.

In this episode of The Concierge CPA Podcast, Dr. Jackie Meyer interviews Divakar Vijayasarathy, CEO and founder of DVS Advisory Group. Divakar shares his inspiring journey from humble beginnings to leading a global firm, offering insights into overcoming challenges in accounting, building scalable practices, and fostering innovation. Learn how to approach partnerships, embrace cultural alignment, and redefine success in the accounting industry. Perfect for accountants, entrepreneurs, and professionals seeking actionable advice to scale their businesses and achieve growth!00:03:32 Tell us a little bit about your background and where you are today.00:06:41 How did you turn your life around after starting in challenging circumstances?00:10:03 How much personal responsibility does one take versus relying on fate in life?00:14:51 Who do you service with your company? Do you work only with high-net-worth clients or smaller firms as well?00:16:28 What are the chronic challenges accounting firms face that impact scalability?00:19:47 What makes DVS unique in its business approach compared to traditional accounting firms?00:24:20 What red flags do you watch out for when partnering with firms?00:26:12 What are the most important factors you consider in a partner's mindset?🔗 Connect with Divakar Vijayasarathyhttps://www.linkedin.com/in/divakar-dvs/https://www.onedvs.com/🔗 Connect with Dr. Jackie MeyerJackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpaJackie on Instagram @jackiemeyerCPAJackie’s work at https://www.jackiemeyercpa.comThis episode is brought to you by TaxPlanIQ:https://www.taxplaniq.com---------------In this episode of The Concierge CPA, Dr. Jackie Meyer sits down with Divakar Vijayasarathy, founder and CEO of DVS Advisory Group, to discuss scaling accounting firms, addressing industry challenges, and achieving sustainable growth. With offices in the U.S., Dubai, Singapore, and India, Divakar brings a global perspective to accounting firm growth and shares how his company has achieved over $200 million in annual revenue by aligning entrepreneurial vision with effective execution strategies.Divakar highlights the need for accountants to transition from compliance-based services to value-driven advisory work, emphasizing that accounting firm growth depends on innovation, collaboration, and strategic alignment with government incentives. By integrating business services with tax advisory, DVS Advisory Group has created a model that transforms firms into value-creation engines, empowering accountants to offer comprehensive solutions beyond traditional services.A key theme of the discussion is the role of mindset in an accounting firm growth strategy. Divakar stresses the importance of collaborative leadership and removing operational bottlenecks to unlock entrepreneurial potential. His approach to acquiring CPA firms focuses on empowering partners to scale by providing capital, leadership, and operational support. He encourages accountants to envision their firms as institutions, rather than practices, to foster long-term success and adaptability.Jackie and Divakar also explore the intersection of technology and accounting growth. They discuss how AI and automation can alleviate compliance burdens, enabling accountants to focus on strategic advisory roles. Divakar explains why ownership models, talent acquisition, and execution control are critical factors for scaling firms and outlines how his team has leveraged these principles to achieve global success.Looking ahead, Divakar predicts a transformation in the accounting profession, driven by a shift from transactional engagements to outcomes-based...

In this episode of The Concierge CPA Podcast, Dr. Jackie Meyer sits down with Chris Farrell, CEO of Liscio, to explore the future of accounting practices. They discuss how AI and digital transformation are reshaping workflows, enhancing client communication, and streamlining operations. Chris shares insights into the importance of secure client portals, the shift towards self-service tools, and the role of technology in improving client experiences. Tune in for expert advice on how accounting firms can embrace change and thrive in the digital age.00:12:50 What is the biggest challenge accounting firms are facing today?00:20:45 How can firms improve client experience in the modern era?00:23:30 What are some of the best tools for streamlining workflows?00:28:10 What role does AI play in transforming accounting practices?00:31:45 How do firms ensure data security while adopting digital tools?00:35:55 How do you recommend firms start transitioning to new technologies?00:39:20 What are the key benefits of using portals for client interactions?00:43:30 What advice would you give to accountants about embracing change?🔗 Connect with Chris Farrellhttps://www.linkedin.com/in/chris-farrell-liscio/https://www.liscio.me/🔗 Connect with Dr. Jackie MeyerJackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpaJackie on Instagram @jackiemeyerCPAJackie’s work at https://www.jackiemeyercpa.comThis episode is brought to you by TaxPlanIQ:https://www.taxplaniq.com---------------In this episode of The Concierge CPA, Dr. Jackie Meyer hosts Chris Farrell, CEO of Liscio, to discuss advancements in accounting technology, with a focus on improving client experience and reducing administrative burdens. Chris brings unique insights from his CPA background and 15 years in software development, emphasizing that the best workflow system for accounting firms is one that prioritizes the client experience.Chris highlights that many current tools create inefficiencies by scattering communication across email silos, texts, and multiple portals, which frustrates both firms and their clients. Liscio solves this by integrating all client interactions into one secure portal, creating a smooth, centralized process. This approach transforms how firms manage client data, making administrative tasks—like tax organizers—faster and easier. By leveraging modern accounting technology, Liscio reduces tasks that traditionally take hours to mere minutes, streamlining operations and freeing accountants to focus on higher-value advisory services.A key theme of the discussion is the role of AI in accounting and how technology is reshaping the profession. Chris predicts that AI in accounting will not replace advisory roles but will revolutionize administrative functions, allowing accountants to spend more time building relationships and providing strategic advice. By automating repetitive tasks like data gathering and document organization, AI in accounting enables firms to offer more personalized services that enhance client trust and satisfaction.Chris also emphasizes the importance of adopting modern tools to improve the client experience. He draws parallels to the banking industry, where apps and secure portals have become standard. By offering a similarly seamless experience, accounting firms can elevate their service delivery, retain clients, and attract new ones. Accounting technology like Liscio empowers firms to respond quickly to client needs, organize data efficiently, and build strong, lasting relationships.Looking ahead, Chris envisions a significant shift in how firms operate, driven by advances in accounting technology and AI in...

Join Jackie Meyer as she interviews Susan Bell, co-founder of Vertical IQ, to uncover how this industry research platform empowers advisors and firms to stand out through detailed benchmarking data, cash flow insights, and industry-specific guidance. Learn how Vertical IQ’s trusted advisor model, along with its integrations and customizable data, can elevate client advisory services across accounting, banking, and beyond.00:01:25 What is Vertical IQ?00:02:02 How does an advisor typically use Vertical IQ?00:04:15 Does Vertical IQ include benchmarking data?00:07:27 What inspired the founding of Vertical IQ?00:10:04 Why is cash flow so important in business?00:11:13 How can Vertical IQ help firms stand out?00:13:46 What are Vertical IQ's key accomplishments and future goals?00:22:50 How does Vertical IQ act as a trusted advisor?00:24:23 How is technical expertise beneficial in sales roles?00:25:32 How does Vertical IQ stand out in the benchmarking data market?00:27:36 Can Vertical IQ help clients expand or relocate?00:28:40 Are more firms embracing advisory services?🔗 Connect with Susan Bellhttp://linkedin.com/in/susan-bell-5625385https://verticaliq.com/🔗 Connect with Dr. Jackie MeyerJackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpaJackie on Instagram @jackiemeyerCPAJackie’s work at https://www.jackiemeyercpa.comThis episode is brought to you by TaxPlanIQ:https://www.taxplaniq.com---------------In this episode of The Concierge CPA, Dr. Jackie Meyer, CPA, hosts Susan Bell, co-founder and Chief Sales Officer of Vertical IQ, to explore how benchmarking and industry-specific data empower tax advisory and other advisory services. They discuss Vertical IQ’s platform, which provides industry research, financial data, and insights tailored for accountants, bankers, and advisors looking to provide deeper client engagement.Susan explains how Vertical IQ helps advisors understand their clients’ industries by offering up-to-date trends, risks, and economic data. This data enables advisors to benchmark client performance, enhance advisory services, and tailor tax strategies specifically for industries like healthcare, finance, and local businesses. Through tools like peer-to-peer comparisons and detailed industry benchmarks, advisors can deliver more precise, valuable insights to clients, making tax advisory not just theoretical but highly practical.They also touch on the importance of staying curious and asking the right questions—a crucial part of providing advisory services. Vertical IQ’s platform allows advisors to make these interactions meaningful by presenting data in a way that is co-branded, easily digestible, and highly relevant to the client’s specific industry.As the episode wraps up, Jackie and Susan discuss Vertical IQ’s expansion, including partnerships that integrate Vertical IQ’s data with other systems, from banking to tax planning software like TaxPlanIQ. They emphasize the growing demand for benchmarking and advisory services, with a vision to help firms differentiate themselves by becoming cherished advisors rather than just compliance professionals.This conversation offers valuable takeaways for CPAs and advisors eager to grow their practice by providing tax advisory and benchmarking insights to clients across various industries.---------------#drjackiemeyer #jackiemeyer

1:42 Michael Scherer, tell me a bit about your company and how did you get to where you are today?2:40 What makes 1031's so complex? Tell us more about that.3:31 There are certain little tips and tricks that I like to throw out there around 1031 exchanges that people can get trapped in4:35 There are certain states that don't necessarily recognize like kind exchanges like others. Is that correct?5:59 What are some other things to kind of look out for and who's a good...how would a tax advisor identify the right clientele for like kind exchanges? 8:45 The like-kind exchange used to qualify a lot of different types of property. Now it's specific to real estate and investment property. Is that correct?9:31 Tell us a little bit more about using a Delaware Statutory Trust.11:38 Now why is it so important for advisors, accountants, etc. to work with a company like your's to do these things?16:27 Is there talk of any changes to the tax regs around like kind exchanges?19:41 Talking a little bit more about the accounting profession or what not - is there a particular piece of advice that you may give an accountant if they're looking to start adding more advisory services into their portfolio and to start working for companies like your's?25:19 I'm curious if there's a particular case with a client that you've worked with that maybe went off the rails, and you got back on track, and you were super excited about it. Or you just had an immense amount of savings. Can you think of an example of something like that where it was really unique or special to you when it comes to the savings involved?37:25 Rich Dad Poor Dad book by Robert T. Kiyosaki:https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194🔗 Connect with Michael Schererhttps://www.linkedin.com/in/michael-scherer-8147504/https://www.rcxcapitalgroup.com🔗 Connect with Dr. Jackie MeyerJackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpaJackie on Instagram @jackiemeyerCPAJackie’s work at https://www.jackiemeyercpa.comThis episode is brought to you by TaxPlanIQ:https://www.taxplaniq.com---------------In this episode of The Concierge CPA, Jackie Meyer interviews Michael Scherer, Senior Regional Vice President of RCX Capital Group, discussing the complexities of 1031 exchanges and the best strategies for real estate investors. Michael sheds light on how 1031 exchanges, particularly Delaware Statutory Trusts (DSTs), can provide significant tax savings and portfolio diversification for real estate owners. He emphasizes the importance of working with qualified intermediaries and solution-agnostic advisors to navigate 1031 exchange investment options, ensuring clients maximize their tax benefits.One of the key takeaways from the conversation is the importance of real estate strategies that help clients defer capital gains taxes. Scherer explains how RCX Capital offers a tailored approach to 1031 exchange investments, focusing on the unique needs of each client. He shares case studies that highlight innovative combinations of 1031 exchanges and Opportunity Zones to optimize outcomes. Additionally, Scherer introduces a zero-cashflow DST strategy, allowing exchangers to refinance up to 85% of their equity, offering greater flexibility and liquidity.Michael also discusses the broader landscape of real estate strategies, emphasizing that high-net-worth investors with significant capital gains should explore best 1031 exchange investments to ensure long-term wealth building. By working with firms like RCX Capital, clients can access a variety of 1031 exchange investment options, including passive real estate...

2:33 Tell us a bit about your firm and how you got to where you are.3:45 What was the best and worst thing that happened when you went fully virtual and remote in your firm?5:28 Get a little vulnerable with us. What is the hardest thing that happened, and how did you - or are you still working on overcoming it?7:18 You said you fell in love with tax prep and review. You're one of the few people I've heard say that. What made you fall in love with tax prep?8:32 What's your favorite thing out of all the activities you do now?9:29 Client meetings: Did you move that to completely virtual, or is there an in-person option?10:50 Speaking of tax planning, you mentioned that you recently, within the last year, had your biggest tax plan ever where you saved someone $1 million. Is that right?14:13 We have a new growth plan at TaxPlanIQ.18:20 I reached out to my favorite author Gino Wickman who wrote Traction: Get A Grip On Your Business.19:21 I had Brandon Hall on The Concierge CPA.21:00 Hopping back over to real estate: The short term rental loophole - tell us a little bit more about that, and tell us about what is going on with legislation there. 25:02 Are ya'll taking new clients, or are you maxed out?27:43 Earlier you hinted at some unique ways you onboard clients and certain questions that you ask. We talked about this is something that is kind of unique to your firm. Tell us more about what you do.31:20 People love transparency.36:13 What do you think the biggest challenge is for small business owners or entrepreneurs, whether accountants or any white collar / blue collar business owner?40:34 You spent the last year in an RV. Tell us all about that.44:16 If anyone is interested in the home schooling: You mentioned some online resources. Is there a particular place you recommend people would go to start looking at that?47:09 How can people reach out, or what is your handle to follow you on LinkedIn and Twitter?🔗 Connect with Chad Huebschhttps://twitter.com/TheTaxNomadhttps://www.linkedin.com/in/chad-huebsch-ea-ctp-5b71aa54🔗 Connect with Dr. Jackie MeyerJackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpaJackie on Instagram @jackiemeyerCPAJackie’s work at https://www.jackiemeyercpa.comOutschool:https://www.outschool.comThis episode is brought to you by TaxPlanIQ:https://www.taxplaniq.com---------------In this podcast episode of The Concierge CPA, host Jackie Meyer interviews Chad Huebsch, a former student of her coaching program and an accounting firm owner who transitioned to virtual work while traveling across the country with his family in an RV. They explore Chad’s entrepreneurial journey, highlighting his shift from a corporate career to running his own firm and how he found his passion for tax prep and advisory services, particularly for small business owners and real estate clients.Chad emphasizes how going virtual significantly improved his work-life balance and expanded his hiring options, allowing him to recruit talent nationwide, a key benefit for entrepreneurs adapting to virtual work environments. Chad’s firm runs entirely remotely, and he shares how the firm handles the challenges of maintaining human connection and team cohesion with daily huddles, which foster communication and collaboration despite the physical distance.One pivotal moment in Chad’s journey was when he sold his largest tax plan, saving a client $1 million in taxes. The plan focused on complex strategies like the qualified small business stock exemption and cost segregation....