Business Beyond Borders: Impactful Insights for CPAs

48 - Exploring Latin America's Emerging Potential for CPA Firms with Brendan Quirk

In this episode of Business Beyond Borders, Laurence Whittam and Brendan Quirk dive into the opportunities and challenges of outsourcing and nearshoring for CPA firms in Latin America. Brendan shares insights from his extensive experience in the region, offering valuable perspectives on strategy, talent acquisition, and cultural nuances.

 

In this episode, you will be able to:

1. Discover the benefits of nearshoring to Latin America for accounting firms.
2. Understand the key differences between outsourcing in Latin America versus regions like India and the Philippines.
3. Learn how to align outsourcing strategies with your firm's long-term goals.
4. Explore the nuances of cultural and leadership dynamics when working with Latin American teams.
5. Gain actionable tips for leveraging international alliances and networks for outsourcing success.

 

Want to explore outsourcing opportunities in Latin America?
Contact Brendan Quirk on LinkedIn to learn how his consultancy can help your firm succeed.

47 - Mastering Offshore Success Strategies for Building Effective Global Teams with Abhilasha Parikh

In this insightful episode, Laurence Whittam sits down with Abhilasha Parikh to explore the essentials of creating and managing effective offshore teams. Abhilasha shares her expertise on what firms need to know to establish strong, sustainable partnerships with offshore providers and how to turn these relationships into true assets for growth.

 

In this episode, you will be able to:

• Choose the right offshoring partner for long-term success.
• Build and manage global teams with cultural awareness and open communication.
• Transform offshore centers from cost centers to profit centers.
• Leverage private equity’s influence to boost efficiency and integration.
• Overcome common offshoring challenges with practical solutions.

 

Connect with Abhilasha Parikh at aparikh@accuedgeinc.com to learn more about offshoring strategies for your firm!

46 - Building Lasting Client Relationships: How CPAs Can Become Trusted Advisors with Jeff Panik

In this insightful episode, Jeff Panik of Balanced Wealth Partners and Laurence Whittam explore the vital role financial advisors play in creating meaningful, long-term relationships with clients, especially CPAs aiming to be trusted advisors. Jeff shares his journey, key strategies, and practical advice for CPAs to strengthen client retention by fostering a "sticky" relationship with both clients and their families.

 

In this episode, you will be able to:

• Understand the importance of building "stickiness" with clients for long-term engagement.
• Discover actionable strategies to enhance client relationships and establish trust.
• Learn how to involve family members or business partners in planning for seamless client transitions.
• Gain insights into effective communication between CPAs and financial advisors for better client outcomes.
• Hear about best practices in hosting family meetings to secure intergenerational connections.

 

For more information or to reach out, contact Jeff Panik via his website at https://www.balancewealthpartners.com/

45 - Mastering Tax Mitigation: Leveraging Defined Benefit Plans for Maximum Client Value with David Podell

In this insightful episode, Laurence Whittam sits down with David Podell from Business Benefits Consultants to discuss how tax advisors can add value through partnerships and explore innovative tax mitigation strategies for clients.

 

In this episode, you will be able to:

• Learn how defined benefit and cash balance plans can reduce tax liabilities.
• Discover client profiles that benefit most from tax mitigation strategies.
• Understand the key differences between traditional retirement plans and custom actuarial designs.
• Identify ways to structure client engagements to maximize long-term tax savings.
• Explore how Business Benefits Consultants collaborates with tax advisors to implement solutions.

 

 learn more, contact David Podell at david@bbconsultantsllc.com or visit their website at businessbenefitsconsultants.com!

44 - How Compassionate Business Practices Drive Success with Dr. Bruno Roque Cignacco

In this episode of Business Beyond Borders, Laurence Whittam welcomes Bruno Roque Cignacco, an expert in compassionate business and international trade. They dive deep into the human side of business, especially within accounting firms.

 

In this episode, you will be able to:

1. Understand the importance of fostering compassionate business practices.
2. Learn how to create a balanced environment between quantitative performance and qualitative human connection.
3. Gain insights into retaining and motivating talent in virtual and global teams.
4. Explore strategies to support employees’ emotional and mental needs.
5. Discover the impact of a compassionate work culture on employee loyalty and business success.

 

Don't miss this insightful conversation with Bruno Roque Cignacco!

43 - Scaling CFO Advisory From Audit Expertise to Leadership with Karl Baker

Join us for an insightful episode of Business Beyond Borders featuring Karl Baker, Founder of Baker CFO Advisory. Discover how CFO advisory services are transforming businesses and how audit expertise can lead to successful leadership and scaling of advisory services.

 

In this episode, you will be able to:

• Understand the transition from audit to CFO advisory and its benefits for firms
• Learn key strategies for scaling a CFO advisory practice
• Explore how to build a strong team with both domestic and international talent
• Gain insights into why small businesses need CFO advisory services
• Discover effective ways to articulate financial leadership to clients

 

For more insights or CFO advisory services, reach out to Karl at Baker CFO Advisory or via email at karl@bakercfoadvisory.com.

42 - Streamlining Success: Automating Accounting Practices with Wesley Hartman

Join us in this insightful episode of Business Beyond Borders as we dive into the world of accounting automation with Wesley Hartman, founder of Automata Practice Development. Wesley shares his journey from engineering to revolutionizing accounting firms with cutting-edge automation strategies. In this episode, you will be able to:

 

• Understand the importance of APIs in automating accounting processes.
• Discover how to identify and document repetitive tasks for automation.
• Learn about the tools and technologies that can transform your firm's operations.
• Gain insights on balancing automation with outsourcing to optimize workflow.
• Explore real-world examples of successful automation implementations.

 

Connect with Wesley Hartman to learn more about automating your firm's processes and optimizing your technology stack. Visit automatapracdev.com to schedule a discovery call.

41 - Navigating 7216 Disclosures: Legal Insights for Accounting Firms with Sara Sharp

In this episode of Business Beyond Borders, Laurence Whittam sits down with Sara Sharp, a specialized attorney in M&A for accounting firms, to delve into the intricacies of 7216 disclosures. They discuss the importance of legal compliance, especially when dealing with outsourcing, and how firms can protect themselves while still navigating the complex legal landscape.

 

In this episode, you will be able to:

• Understand the key requirements and implications of the 7216 disclosure for accounting firms.
• Learn about common pitfalls and misconceptions that firms have regarding compliance.
• Explore the potential legal consequences of non-compliance and how to avoid them.
• Gain insights into how proper legal practices can enhance the value of your firm during an M&A process.
• Discover best practices for implementing engagement letters that protect both you and your clients.

Connect with Sara on LinkedIn!