Accounting High

shout out to all my CPAliens, you know who you are... [Verse 1] It’s the accounting firm owner, podcaster, amateur rapper first time on the mic so listen close and hold your laughter so, what’s hotter than a million-dollar cloud firm, with low churn, there i go again, talking about myself, and track, indicators, to perform on this platform And now you ‘bout to see a southern EA reborn I said i’m not a public certified accountant and they say it’s not the tax you pay but what bracket you in You got mail? send electric or post-dated to the I-R Service Cause if we file a return that’s late, they all get nervous So go get your Panda signed docs, and listen close bitches the riches, come when you’re deeply penetrating niches scar-a-no got taxed but i’m here and still alive a felony for selling cocaine in two thousand five and now i thrive, took a nosedive, but didn’t go to prison i’ve said this all before, but i don’t think ya’ll even listen [Hook] Now toss your hands in the air And wave 'em like you’re in despair if your tax staff quits and you’re sick of this shit Then everybody let me hear you say No Fa-ir [Verse 2] fixed asset depreciation or study cost segregation For the property owner, and not the loaner let me know when it’s time for print toner If not I'll wait, because the future of the profession is gone If the children of CPAs gon' be a daughter or son Or are they the smartest regardless the platform they on? I feel that if we take a break, it might just start to be fun Or will they run out of funds and grab a p-p-p loan? They wanna consult us on leadership, and finding your Why Like Simon Sinek when you find it that’s a natural high Land of Ron Baker or an acre of a cloud in my sky Now banker, banker no more can I get Relay-Fi? [Verse 3] Foolish is how i act, but you know i ain’t no fool Thinking about how a Podcast about accounting can be cool? Like A-J to the E-S, cause we adjust the journal entries and Homie, i think i made it, but i’m not automated, finally ended client engagements that we tolerated And now I'm rapping on a track that OutKast created is it a Debit or a Credit? are balance sheet numbers killing you softly? intro the C-P-Aliens, and debit inventory So Sorry, as I trade Scarano to Earmark Found how to dismantle my anchor, and then depart Then turned the page, now everybody's trying to find their spark? A-R clerks stay serious even when they fart a facade of being hilarious Shakespeare with no fear protect vulnerable PCs but Macs are in the clear, okay? I wasn’t locked away, i got a longer rep in this endeavor, not low on ambition so I'm ready explore and get paid!

This is Poetry 101 brought to you by Accounting High (aka Sons of CPAs) Sponsored by LiveFlow, be sure to give this episode a go, they can help you grow, check them out at liveflow.io get 20% off for 3 months with promo code SONS at checkout, go to liveflow.io/sons Your Hosts, Emcees, Poets Nikole Mackenzie, CPA aka Niks Scott Scarano aka Lil Toddler aka Slim Scotty aka Esquired (S²) aka OKR (OK Rapper) Let’s give it up for this presentation Your hosts share their poetic creations Sick verses brought out by their imagination What they do is entertain and impart education Purpose? Connect the individuals in this profession 4 Nikole shares her personal use cases for LiveFlow. Automation with an exclamation (point)! Go to liveflow.io/sons 6 cooler than a polar bear's toenails Shoutout to OutKast, Andre 3000, Big Boi, Lil Wayne 8 an accounting firm owner, podcaster, and rapper spits them bars! 12 A tribute to OutKast, Scott’s writing this rap, but not so fast Shoutout to Andre Nickatina, Simon Sinek, Ron Baker 15 I ain’t no fool thinking about how a podcast about accounting can be cool Shoutout to John Garret, Ignition 18 ready to explore and get paid Shoutout to Jason Ackerman, CPA, CFP, CGMA, Kenji Kuramoto 21 give it up for Niks as she throws down her sick licks Shoutout to Chewy, Greg Kyte, Earmark, Cloud Accounting Podcast, Reach Reporting 24 #CPAliens we’re doing things that are foreign to the industry as a whole Shoutout to Handwrytten, Ian Vacin, Karbon 29 This was written before I wrote it Shoutout to Blake Oliver, CPA, Lorilyn Wilson 31 The evolution of getting CPEs in the present Shoutout to Fathom, Jimmie Allen 35 People are the purpose and I purposefully work hard to stay ethically connected to the individuals in this profession Shoutout to Dave Matthews Band 38 Educate and entertain authentically… That’s what we’re trying to do Shoutout to Chase Birky, CPA, Justin Kürn, Dark Horse CPAs, Katy Perry 45 Does Scott need to change his profile photo in LinkedIn? Let us know! Shoutout to Liz Mason, Digits

NiksTips on Promotions, as in when do you promote your employees? and the systems around that... Thank you to our wonderful sponsor, LiveFlow... get 20% off for 3 months with promo code SONS at checkout, go to liveflow.io/sons Co-Host; Nikole Mackenzie, CPA.  Niks helps agency owners save money, increase revenue, stay compliant, save time, eliminate stress, and ultimately give them the freedom to scale their recurring revenue businesses to a multimillion $ exit. What makes a good manager? What can and should you do if you want to be promoted? What are business owners factoring in when considering a promotion? Today, Scott and Niks give us a peek at how, as firm owners, they go through the process of promoting staff. 6 Let’s hear from Niks the use cases of LiveFlow at her firm and how it has helped them automate their work processes Big shoutout to LiveFlow 9 Sons of CPAs are like a box of chocolates, you never know what you’re going to get Shoutout to numbers grrrrrl 10 Start small but start big at the same time. Niks explains what this is about and how she goes about applying this in her firm Shoutout to 15Five 12 It’s really important for team members to know where they stand and to know where they need to go 15 Scott and Niks share their views on sharing your (financial) numbers (as a business) with your team Shoutout to Ashley Carroll 17 Scott and Niks question if salary should be based on employee location and how this is changing/adapting as more companies embrace remote work 19 Promotions based on tenure? 24 We discuss how business owners view promotions. What should we consider when promoting our staff? 27 Bring in people that are better than you 29 Promotions: Is it about the money or the title? 32 Scott shares insights on how staff accountability is handled at his firm Shoutout to Chris Leon, Matthew Meyer, Karbon 37 Net profit sharing vs Gross profit sharing Shoutout to Nick Sinclair, TOA Global 39 Salary being state-normalized to world-normalized Shoutout to Chad Davis 44 Communication, transparency, and metrics. What’s being factored in a promotion? 47 The nice part about having these salary ranges or just one salary for this position is you don't have to make those emotional decisions 50 The grass is always going to be greener on the other side 51 Did you know you can earn CPEs by listening to this podcast? check out Earmark Shoutout to Earmark

here's a BONUS chat with Chad Davis... and a preview of what to expect from Accounting High (School) Welcome to Accounting High! In this episode, we get to know more about the whats and whys of Podcasting from Scott and Chad. They share and scrutinize the ideas of how their episodes of AutomationTown and Sons of CPAs (Accounting High) come to life. Hear how authenticity reflects on the product and why talking to people that are smarter than you is the smart thing to do 1 We all have to graduate middle school sometime, and the Sons are evolving.  Evolution is what Accounting High is all about, the evolution of the accounting profession and making room for the next generation.  Accounting High is the new school High School, but our listeners know that it's also a nod to getting high. I think in four years we'll be a bit more grown-up/mature and graduate... then we’ll change the name to "Accounting U" Shoutout to Yeti, Shure, Jason Staats 2 Let’s hear from Chad what was the driving force behind starting their podcast (AutomationTown) Shoutout to Paul O’Mara 4 You gotta be comfortable with doing some shitty stuff at first Shoutout to Zapier, Make (formerly Integromat) 6 Authenticity is hard to come by but it shows on what you’re producing Shoutout to Blake Oliver 9 This is for fun and something you can throw on while you’re at a barbeque Shoutout to Ignition 13 Chad hopes to reach people in positions that kind of hate the monotomous part of their jobs and they can take some inspiration from the actions that occur 17 People don’t agree with the way Chad sells accounting services, but he has a great relationship with the clients that come on board Shoutout to Xero 22 Podcasts: How can we market them to mainstream operations people? Shoutout to Expensify 24 Let’s find out what goes through Scott’s mind as he thinks about the future of Podcasting Shoutout to Nikole Mackenzie, Michael Ly, Jason Ackerman, Ron Baker, Peloton 29 What will differentiate Accounting High from Sons of CPAs Shoutout to Relay

PTO stands for Paid Time Off this is #NiksTips Bonus, Scott Scarano & Nikole Mackenzie take on choice topics (that start with the letter P) as it relates to running their professional accounting firms.  Today's topic is PTO, where we discuss PTO and policies at our accounting firm. I don't know if it's cheating that we're doing an acronym for today's topic, just using the letter P as the P-word, but I guess now we're opening up the door to P-acronyms... We both have Unlimited PTO at our accounting firms.  What's your PTO policy? But, for now, let's scope back out, Why this topic? Why PTO? Niks selected this topic today because recently she's been getting back into doing client work and she hasn't done client work in a long time. And so she's starting to feel the burn of what the team feels when they take any time off.  Niks went on vacation for just one day and started to get text messages from clients and realized, "oh gosh, we don't have a system for when someone takes time off, I'm sure that when our team goes on vacation, they're getting text messages from clients, we're always so embedded in our client's business, and there's always payroll that needs to be run and invoicing and cashflow issues, how hard it must be for everyone to go on vacation or checkout. It's really challenging."  So how do we structure a healthy PTO policy for our teams that doesn't disrupt the day-to-day needs and challenges of the business? What technology do we use? What are our processes so that we can actually allow our team to go on vacation, so we have this unlimited PTO policy, and we're trying to encourage people to go on vacation, but they're not going on vacation... how do we solve this?