Navigating CPA Shortages and Optimizing Tax Strategies with Matt Bontrager
Description
Navigating CPA Shortages and Optimizing Tax Strategies with Matt Bontrager
In this episode, the hosts discuss the impending retirement crisis in the CPA industry with guest Matt Bontrager. With 70% of CPAs set to retire in the next decade, the episode explores the implications for firms and clients, highlighting the importance of strategic financial planning and tax management. Matt emphasizes the critical role of bookkeeping and the necessity for entrepreneurs to understand their numbers. The discussion covers the differences between traditional tax preparation and proactive tax strategy, the value of choosing a specialized advisor, and how technology facilitates better financial oversight. The episode concludes with insights into building meaningful relationships with CPAs and wealth managers to ensure long-term business success.
00:00 The CPA Retirement Crisis
00:37 Welcome to the Podcast
00:54 Introducing Matt Bontrager
02:11 The Importance of Bookkeeping
03:15 Building a Relationship with Your Finances
07:07 The Role of Technology in Financial Management
09:55 The Value of Tax Strategy
12:49 Choosing the Right CPA
15:35 The Future of CPA and Wealth Management
17:58 Connecting with Matt Bontrager
20:44 Final Thoughts and Farewell
Connect with Matt:
Website: https://truebookscpa.com/
Instagram: https://www.instagram.com/mattbontrager/
Join the #1 Community for Service-Based Entrepreneurs
https://www.blackdiamondclub.com
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https://www.instagram.com/drshawndill/
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