Latest Episodes:

So how do you position your business for a multi-million dollar merger? Well, we sat down with the founder of Summit CPA to hear about his journey and the story of how the Summit and Anders CPA merger came about.
We also discuss some common mistakes that business owners make that stop them from being an attractive company that could be worth buying.

Every business owner needs to understand this thought process, even if you don't want to merge or sell your business.

Enjoy the episode!

Ready to save time and focus on growing your business? Check out our latest episode of Stuff Your Accountant Isn't Telling You for time-saving strategies, including outsourcing your bookkeeping!

Enjoy the episode!

The cash flow statement is one of the most underrated financial statements for business owners. Why? Because there is usually a lot of focus on the P&L/profit and loss, and rightfully so. But focusing on this alone, you may miss some important profit indicators. This week we're discussing the Statement of Cash Flow and important things like;

1) How to know if you're too financially leveraged
2) How to evaluate and assess whether your business is spending money in the right place and many more valuable topics.

Enjoy the episode!

Welcome to the Stuff Your Accountant Isn’t Telling You Podcast, where we reveal the secrets and strategies that big businesses use to increase their profitability. On this episode, we're playing a game of "Money Doctor" to help small business owners diagnose and fix common financial problems.

Our first patient is struggling with budgeting and forecasting and we have the prescription to help.
Our second patient is facing cash flow issues and we'll provide a solution with a Statement of Cashflow analysis.
The third patient is being crushed by interest rates on short term loans, and we'll diagnose a business model problem and offer a cure through an Income Statement and Accounts Receivables analysis.
Our final patient is working hard but still struggling with profitability and we have the solution with a Gross Profit analysis.

Tune in to find answers to your money problems and stay ahead of the curve.

Enjoy the episode

Welcome to the Stuff Your Accountant Isn't Telling You podcast, where we tell small business owners the secrets and strategies that big businesses use to increase their profits.. In today's episode, We’re talking about the Different Types of Accountants, What They Do, And When Your Business Needs Them

"Improve cash flow and maintain vendor relationships with effective accounts payable management.

In this week's podcast, get tips and best practices for tracking and paying bills, negotiating payment terms, and improving cash flow. Don't risk lost clients or higher prices from vendors due to poor accounts payable management - tune in for practical advice on managing your business's payments.

Get the tools you need to keep your business running smoothly with effective accounts payable management.

Enjoy this week's episode.

As we say goodbye to 2022 and welcome in a new year, it's time to start thinking about how we can make the most of the opportunities ahead of us. And if you're a business owner, that means setting yourself up for success and profitability in 2023.

But achieving those goals isn't always easy. That's why we've created a special video just for business owners like you, filled with tips and ideas on how to make the most of the coming year. From trend analysis to goal setting to strategic planning, we've got you covered.

Enjoy the Episode and we'll see you in 2023!

Growing your business will require more people and resources but honestly, most business owners lose money when growing because they need to consider what we will discuss today, like;

1) Capacity planning
2) A budget for hiring and
3) A Hiring ROI calculator

Enjoy the Show

If you want to grow your business, you can't focus on being a jack of all trades.

ESPECIALLY when it comes to your business financials.

This week we're giving you 5 reasons why it may be time to stop doing your own bookkeeping and hire a professional

Your peace of mind is your biggest asset, and working with a crappy accountant will cost you some. I had a conversation with a business owner I was consulting the other day, and they shared this story with me.

You could tell they were frustrated, annoyed, and fed up - and that's not what working with anyone you're paying money to should feel like.

This show episode discusses some of the "Crappy Accountant" red flags you should be looking for.

We're bringing you something a little bit different in today's episode.

Terrell recently returned from Paris, and we'll be sharing the business lessons learned and how you can use these tips to improve the state of your business.

Are you lying to your clients?

Recently the F*** word has become a buzzword used by accountants and bookkeepers to provide more services in their business.

But is it really in the best interest of your clients?

Let me know your thoughts below. Enjoy the episode.

Let's be honest; no one wants to end up with a crappy customer.

And while the "customer is always right," they might not always be the best fit for your business.

So what if there was a way to vet a prospective customer and increase your business revenue? This is just one of the benefits of offering complimentary/add-on services.

Check out this week's episode of Stuff Your Bookkeeper Isn't Telling You for the benefits of offering these services.

One of the secrets to greater profitability is.... Process Design and 80% of businesses will get this wrong which leads to losing money.

If you are going to build a business that generates consistent profits, processes are MANDATORY. In this conversation, we explore why and how you can figure this out for your business.

Check out this week's episode as we share some stuff your bookkeeper probably isn't telling you.

Accountant, Bookkeeper or CPA?

What is the difference between these three, and what does your business need?

This is often an area that confuses business owners. Check out this week's episode as we dive into this topic and provide clarity.

When it comes to cashflow every business has to keep a close eye on this or at least have a process for monitoring the trends in its cash flow.

In this episode, we discuss Four Ways to help improve your business' cash flow.

What can a carousel, waterfall, bridge and fresh squeezed orange juice teach you about how to have a successful business? Well in this special episode of "The Challenge" we are walking around Brooklyn New York, USA and Terrell has to create a relevant business lesson from the random things that Lola points out. Let us know if you find any of these business lessons to be helpful, leave your comments below

Did you know that the most common tax mistakes people make can land them in jail? Our latest podcast episode uncovers the top tax errors to avoid when dealing with the IRS. 🚫 Avoiding these mistakes is crucial, but many individuals still find themselves in legal trouble. 🎧 Don't wait until it's too late.
Enjoy the episode!

What should Adidas do with the $ 1.3 billion (according to reports) Yeezy Inventory they're stuck with? Regardless of your opinions on this business deal gone wrong, there is a very important lesson business owners should learn from this. We're also going to be diving into the Balance Sheet of one of the world's largest coffee brands, Starbucks, and sharing lessons that business owners can take away from these results.

This week on SYAITY, we're helping Lisa find the right accountant by sharing with her Five Red Flags she should look out for when talking to a potential accountant. These red flags are ones you'll want to know. Also, in the tax tea, we discuss the $700K bookkeeper embezzlement that could have been avoided if the business owners did things slightly differently.

Can your business afford to take a loan? When and how do you come to this decision?

This is a question a good accountant should be helping you navigate and answer

Listen in as Lola and I give you the questions you should be taking back to your accountant to make sure that you have the right information to make this key business decision.

In this episode, we will cover everything you need to know about managing accounts receivables . We will discuss the importance of having a clear and organized system, the different tools and software available to help manage these accounts, tips and best practices for effectively managing them, common mistakes to avoid, and strategies for dealing with difficult customers or clients. Tune in to learn how to improve your business's financial management and avoid potential cash flow problems.

Far too many business owners are not prepared for tax season, which could mean surprise bills, penalties, delays, and a hectic start of the year, so pay attention to the tips we are sharing to help you better prepare for tax season.

Listen in to get you and your business ready for tax season.

Essential financial keys to ensuring your business will survive during this economic downturn:

1) Understand HOW what's going on in the economy IMPACTS your business SPECIFICALLY (micro vs. macroeconomics)

2) Do a Sensitivity Analysis: a sensitivity analysis looks at your top revenue generators and sees their sensitivity to what's going on externally.

3) Understand your Cash reserve: How long can your business survive the loss of a large client or a significant disruption?

We dive into these topics and other keys in this week's episode.

Something your Accountant Should be asking you ...

How often are you reassessing your monetization strategy?

In this week's episode, we go through three questions every small business owner should be asking themselves when it comes to monetization:

1. How do I make money? - what % of my revenue comes from each service or product I offer?

2. Does my pricing strategy still make sense for my business?

Trust has to be the highest value in your company; if it’s not, something bad will happen to you. - Marc Beniof

Are your business decisions based on your feelings or the data?

Are you helping your clients make data-driven decisions or emotions or the data?

In this episode, we talk about three tools your business can use to make sound data-driven decisions and what role your accountant and finance person should play in this process.

The job market has become a hot topic... Even hotter with the recent announcement on California pushing for the $22/hour minimum wage rate.

As always, we like to answer the question in the back of every business owner's mind -

"What does this mean for my business" and "Why should I care?"

Check out this week's episode as we dive into the critical financial considerations that a law firm and business owners should have.

Want to know one of the BEST ways to keep your business stagnant?

Don't automate - automation is a necessary step for actual scaling, and in this episode, we share some great tools that we've used to help scale and grow our business.

Ever heard the advice "You just need to spend less money"?

While this may be great advice when it comes to your personal finances, looking at things this way when it comes to operating your business could hurt your profitability.

Check out this week's episode as we share some stuff your bookkeeper probably isn't telling you.

Embezzlement.

Something that no business owner should have to recover from

So, what can you do to make sure that your business is protected so you don't have to go through the pain of recovering from this?

Check out this week's episode as we discuss How to Protect your Money and Business from Embezzlement.

As a business owner, you know that making informed decisions is crucial for success. But with so many variables to consider, it can be hard to know where to start. That's why in our latest episode of "Stuff Your Accountant Isn't Telling You," we explore four crucial numbers that can help you make informed decisions for your business.

One of these numbers is a capacity analysis, which can help you assess how you and your team are spending your time and whether you're equipped to take on new business. By analyzing your capacity, you can identify areas where you may be overworked or underutilizing your resources, which can lead to more balanced and profitable growth for your business.

Tune in to this episode to learn more about capacity analysis and how it can benefit your business. We'll also discuss three other important numbers that every business owner should be aware of, from profit margins to customer acquisition costs. By understanding and leveraging these numbers, you can unlock your business's full potential and make informed decisions that drive growth.

Don't miss this informative and actionable episode of "Stuff Your Accountant Isn't Telling You"!

This week we're talking about a topic that everyone loves to hate - TAXES. As much as many people dread this topic, it is a NECESSITY. In this episode we're sharing a mastermind Terrell recently did on how Taxes work - simply explained :) - Enjoy the Episode

In this episode, we'll be taking a thrilling journey through the world of business financials and discovering how they can be just as captivating as your favorite movie. From sales and costs to taxes and profits, we'll show you how to turn your financial statements into a story that will keep you on the edge of your seat. Join us as we explore the three acts of a successful business and uncover the secrets to avoiding common pitfalls and making smart decisions. Whether you're a seasoned entrepreneur or just starting out, this episode is a must-listen for anyone looking to understand their financials and turn their business into a blockbuster success


Enjoy the episode

So Shane has a serious problem on his hands and based on the details he shared, we need to have a conversation.
This week we are diving into an email that a business owner sent us as part of “The Small Business CFO Program.” Shane’s bookkeeper/accountant sent him a text stating,

“Hey Shane, you owe $32,000 in taxes, and it is due next week.”

This the first Shane is hearing about this, so he asked us what he should do; we are discussing this and the five common reasons why a business owner should fire their accountant.

Also, in the tax tea, we discuss the $150M Pharmacy Scam that got a pharmacist and their accountant 20 years in prison.

Take the "Should I Fire My Accountant" Quiz using the link in the show notes

As a business owner, staying informed and prepared is key to success.

In this podcast, we'll discuss the most important events that you should plan for in 2023 to stay ahead of the game. From tax deadlines and industry trade shows to new legislation and market trends, we'll cover everything you need to know to make informed decisions and achieve your goals in the coming year. Don't let unexpected challenges derail your business – tune in to this podcast and stay ahead of the curve in 2023.

Are you a business owner looking to increase your prices and boost your revenue in the new year? We know it can be a tough decision, but don't worry - we've got you covered. In this episode, we'll share our own experiences with raising prices and discuss the importance of analyzing your sales volume. We'll also talk about how to assess your competitors and keep your current customers happy during a price increase. We've got tons of practical tips and examples for product scoping and implementing price increases in a way that benefits both your business and your customers. Tune in to learn more and grow your business in the new year!

It's the end of the year, and you made it, but before you celebrate and shout happy new year, there are a few things that your accountant should be recommending you do to help you finish the year strong and get ready for another productive year.

Some things we talked about this week:

1) Whether the numbers make sense for you to run a year-end special
2) Strategies to negotiate for favorable pricing with your vendors

Check out this week's new episode on finishing the year strong.

Enoy the Episode.

Can your business afford to take a loan? When and how do you come to this decision

This is a question a good accountant should be helping you navigate and answer

Listen in as Lola and I give you the questions you should be taking back to your accountant to make sure that you have the right information to make this key business decision.

How does what is going on in the political and Fortune 500 Landscape impact the financial side of your business?

If you're a business owner - you should know the answer to that question.

Check out this week's episode of Stuff Your Accountant Isn't Telling You below.

One lesson I learned during my trip to the UK and watching the Queen's funeral - was the importance of teamwork and collaboration. Check out this week's episode as we discuss a recap of my trip to the UK and share other lessons learned through the process.

"Where is my Money Going?" is one of the most common questions we receive from our clients. It's frustrating to have put in all the work and effort to generate revenue only to see little to no cash in your bank account when the month ends. When this question comes up we always go back to the King - CASH.

1) Understand your cash flow in your business
2) Understand how it's impacting your business
3) Evaluate, Assess and Pivot to ensure your business stays profitable.

What can you learn from a company that goes from a record high revenue to losing ~ $1.2 Billion?

Peloton recently reported a ~ $1.2 Billon loss, a big miss to their forecast. So why does this matter for you as a business owner?

In this episode, we share the value of:

1. Studying your customer spend behavior

2. Forecasting and pivoting your business based on what the numbers tell you.

Check out the full video episode here:

Profit Secret #8 is all about creative staffing with an effective Outsourcing strategy!

This week we dive into the topic of outsourcing to discuss why this is a growing trend for businesses and why this is leading to greater levels of profitability. But truthfully speaking, no strategy is 100% risk-free, so we will also discuss the pros and cons.

Do You Know How Profitable your business is?

Unfortunately this isn't a question many business owners can answer. Understanding your business profitability is key to smart pricing.

And what exactly is smart pricing?

Check out the episode to find out. Enjoy the show.

Let's be honest - "Inflation" has been a buzzword lately.

But when it comes down to it, what does it really mean for YOU? Why should you care about it and how do you ensure you understand enough about it to make the informed decisions that your business needs to make?

Check out this week's episode as we: 1) Define inflation in simple terms 2) Discuss what your business should be doing to be proactive and stay ready.