Please be aware of an LLC annual reporting scam perpetuated by a company calling itself Workplace Compliance Services (WCS). The scam attempts to collect $125 from un-suspecting LLC managers who believe they are fulfilling the Louisian Secretary of State’s (SoS) annual reporting requirement. In reality, however, Workplace Compliance Services is not affiliated with the Secretary of State (nor is […]
As 2018 winds to a close, this can be an excellent time to review your financial situation and begin making plans for the new year. Looking back at the previous year to see how much money came in and where it went during the year without adjusting for seasonal variations. The knowledge you can obtain […]
September 13, 2018
March 30, 2018
The Radical CPA: New Rules for the Future-Ready Firm (East Hampton, NY: CPA Trendlines, 2014)
There are four characteristics of a “radical” CPA:
— 1. Their approach to technology.
— 2. Their use of social media.
— 3. Their understanding the relationship between pricing and value.
— 4. And their conviction that customer experience must drive a firm’s internal processes.
They Call Them The ‘Radical’ Practitioners
There’s an uprising of innovative CPAs in the accounting profession. This group created a new support community that is no longer driven by the establishment. The establishment can’t control the conversation.
In fact, they almost missed it. Now they endorse and support us. But it didn’t begin with them.
When Jody Padar first started doing this, she wasn’t aware of anyone doing what she was doing. Then she went to Twitter. That’s where she really met her peers. They were learning from each other from day one and that same community of support is still happening today.
A “radical” practitioner is a person that calls upon himself and others to redefine their firms and their lives by moving away from the traditional firm business model.
The term radical applies because what they are doing to their firms and indirectly to the profession is fundamental to its core. It’s abrupt, disruptive, unexpected, and far reaching. They are shaking up the status quo. They are changing because their customers and the world are changing around us all. Some might also perceive radical to be a negative term. It’s not. The movement is more likely following the happy expression, “that’s radical, dude.” Everyone can learn and join the movement.
The Radical CPA Community Is Here To Help You Be Radical, Too
The best part about these radical professionals is that we believe in abundance. We promote and celebrate a new way of doing business and encourage the rest of the profession to move forward and change as a whole.
Cash flow is the lifeblood of enterprise, and effective cash flow management is essential to the survival of businesses, big and small. For small (and young) businesses, in particular, the importance of cash flow is amplified by there finite resources and limited access to capital. As such, small business founders are frequently forced to finance a […]
Small business finance is a term used to describe the broad range of activities related to managing money of a business. Business owners (sometimes hereinafter referred to as “Owners“) should have at least a basic understanding of these concepts, as they are vitally important to the success (or failure) of a small business. After all, cash is the most valuable resource of a small […]