Advertise on podcast: The Finance & Accounting Show

Why Patience is Key to a Successful Marketing Strategy In this episode, Terrell discusses the importance of patience and consistency in building an effective marketing strategy. He shares a personal analogy of planting a garden to illustrate how growth takes time – similar to developing a solid brand and customer base. Terrell provides insights on how he adapted his marketing efforts during the COVID-19 pandemic, shifting from working with restaurant owners to focusing on law firms. He emphasizes the importance of delivering value, building relationships, and staying consistent, drawing on experiences of creating valuable content, attending conferences, and nurturing referrals. Tune in to learn how to cultivate a lasting brand and customer loyalty in your business journey. 00:00 Introduction: The Patience Required for Marketing Success 00:35 Personal Anecdote: Gardening and Business Growth 01:19 Starting a Business During COVID-19 01:52 Building Relationships and Creating Value 03:44 Pivoting to a New Client Base: Law Firms 04:34 Establishing Trust in the Legal Industry 06:09 Consistency and Brand Development 08:13 Engaging with Industry Associations 08:57 Conclusion: Nurturing Relationships for Long-Term Success

In this episode of The Finance and Accounting Show, Terrell A. Turner, CPA shares a candid take on why he doesn't follow the traditional advice of setting strict boundaries in business. Instead, he explains his personal approach—extreme focus—inspired by lessons from his military upbringing. Terrell dives into how this focus-driven mindset helps him manage priorities, protect his time, and stay productive without rigid rules. He also offers real-life examples of how this method plays out in client relationships, team communication, and even vacations. Whether you're a business owner, a creative professional, or someone looking for a new way to manage your energy and attention, this episode offers a fresh perspective on staying intentional in your work—without the pressure of sticking to hard boundaries. 00:00 Introduction: The Truth About Setting Boundaries 00:31 Personal Struggles with Boundaries 01:30 The Concept of Focus Over Boundaries 02:14 Focus in Practice: Real-Life Examples 04:57 The Military Influence on Focus 08:31 Balancing Work and Personal Life 10:05 Conclusion and Final Thoughts 11:06 Outro: Stay Connected

In this episode of the Finance and Accounting Show, we dive into a real-world tax fraud case involving Steven T. Mellinger III, who conducted a $106 million fraud scheme over nearly a decade. Learn how the IRS uncovered this massive scam, the mistakes that were made, and the key red flags accountants and firm owners need to watch for. Our AI hosts, Fin and Ally, break down the details and share practical tips for safeguarding your finances and staying compliant with tax laws. Don't miss these crucial insights to protect your practice and clients. 00:00 Introduction to Today's Episode 00:29 The Florida Tax Fraud Case Unveiled 01:17 The Mechanics of the Fraud Scheme 02:32 The IRS Investigation and Legal Consequences 03:44 Key Takeaways for Accountants 05:30 Final Thoughts and Closing Remarks

Welcome to the Finance and Accounting Show! In the first episode of our weekly 'Tax Tea', we delve into an official IRS press release detailing a dark web drug case involving fentanyl, cryptocurrency, and money laundering. Discover how the IRS Criminal Investigation (IRS-CI) unit played a pivotal role in unraveling this operation by following the money trail. Learn about the methods the criminals used to launder money through crypto mixers, the multi-agency task force spearheaded by the IRS, and the crucial financial lessons this case offers to accountants and finance professionals. Tune in for a deep dive into the intersection of serious crime, digital finance, and tax enforcement! 00:00 Introduction to the Dark Web Drug Case 00:26 Unpacking the Case: Fentanyl and the Dark Web 01:22 The Money Trail: Following the Illicit Cash Flow 06:47 IRS Involvement: Why the Tax Agency is Central 10:19 Key Takeaways for Financial Professionals 15:03 Conclusion and Final Thoughts

In this episode, we discuss the top three reasons why businesses fail to successfully implement AI. These reasons are ignorance, fear, and cost. We provide practical examples and solutions for overcoming these challenges, including how AI can improve processes, help with hiring, and enhance marketing strategies. We also address common fears about data security and job loss, and offer insights into the cost of AI tools. Tune in to learn how to effectively integrate AI in your business and boost productivity. 00:00 Introduction: Why Your Business Struggles with AI 01:10 Reason 1: Ignorance About AI 01:52 Reason 2: Fear of AI 03:05 Reason 3: Cost Concerns 03:28 Deep Dive: Overcoming Ignorance 03:44 Practical AI Use Cases 08:54 Addressing Fear: Job Security and AI 18:32 Cost-Benefit Analysis of AI Tools 21:32 Conclusion and Next Steps

In this episode, we address why we had to take a 13-month break from our podcast to focus on fixing significant scalability issues in our business. Despite our steady growth, problem-solving demands outpaced our expansion, signaling a critical need for reevaluation. We delve into the areas of staffing, client success, and sales pipeline problems and emphasize the importance of strategic planning to sustain growth. Stay tuned as we share the transparent journey of identifying and resolving these challenges and offer insights for business leaders facing similar obstacles. 00:00 Introduction: The 13-Month Break 01:07 Thanking Our Loyal Listeners 01:39 Identifying the Scaling Problem 06:07 Staffing Issues Uncovered 10:04 Client Success Challenges 13:30 Sales Pipeline Problems 17:07 The Need for a Strategic Plan 18:56 Conclusion and Future Episodes

In this episode, we delve into the debate between Accounting and Finance that took place at the North Carolina CPA Society Business and Industry Conference. Terrell A. Turner, CPA and Chris Word, CPA discuss the distinct paths and benefits of each field, drawing from their professional experiences. They explore the key highlights of their careers, discuss the hiring roadmap from education to CFO roles, and the importance of understanding both disciplines. If you’re torn between accounting and finance, this video will provide insights on choosing the right path based on your personal goals, temperament, and career aspirations. Watch the full replay on the NC CPA Society website! 00:00 Introduction: Accounting vs. Finance Debate 00:43 Recap of the Debate Highlights 01:13 Audience and Context 02:39 Accounting vs. Finance: Key Differences 03:52 Career Path Insights 04:37 Personal Career Stories 05:25 Investor Relations Experience 09:05 Skills for Finance Professionals 13:09 Balancing Accounting and Finance 18:32 Leadership and Team Development 20:15 Conclusion and Call to Action

In this episode of the Finance and Accounting Show, we dive into the evolving landscape of accounting and finance. With over 60% of CPAs nearing retirement and new technology changes impacting the industry, we discuss whether finance is becoming more favorable over accounting. Our hosts Terrell A. Turner, CPA and Chris Word, CPA reflect on their experiences over the past five years, emphasizing the need to understand both fields. We'll also talk about how technology like ChatGPT is changing the profession and what bankers and corporate finance professionals are looking for. Don't miss our insights on the future of accounting and finance, and join us at the upcoming Business and Industry Conference in Greensboro, NC! 00:00 Introduction: The Changing Landscape of Accounting 00:27 Debate: Finance vs. Accounting 01:08 The Importance of Both Fields 02:11 Reflecting on Five Years of Change 07:21 The Role of Technology in Finance and Accounting 09:02 Upcoming Conference and Final Thoughts 11:06 Conclusion and Call to Action

These 4 questions will help you grow a more successful business. Each week we have the opportunity to share a question of the week and during March, we focused on some of the most critical topics that every firm should consider if they want to grow. Here are the four topics that we discussed 1) Firm Goals, 2) Your Strategic GPS, 3) Your Pricing Strategy, and 4) Your Capacity Analysis. In this episode of the podcast, I share our tips and the tips that came from our amazing audiences of thousands of people, enjoy. #accountingandAccountants #entrepreneurship ============= Connect with Us: Website: https://businesstalklibrary.com/ Facebook: https://www.facebook.com/TLTurnerGroup Email: [email protected] 

Why are you arguing over pricing? Here is the thing Accounting Firms should never have to argue over pricing when it comes to working with your clients. Now if you do find yourself in a bit of a back-and-forth over pricing this conversation with Arun Mehra could be very helpful for you. Check out our YouTube page for the video version of this podcast: https://www.youtube.com/@thefinanceaccountingshow2679 ============= Connect with Us: Instagram: https://www.instagram.com/businesstalklibrary/  Website: https://www.bizprofitsecrets.com/  Facebook:https://www.facebook.com/TLTurnerGroup  Email: [email protected] 

Feeling stuck with your accounting work? You're not alone. Many accountants and firms are looking for a change. This video cuts straight to the chase, showing you how to get back on track and grow your business in 2024. We'll share a straightforward strategy that helped us move from $350K to aiming for $600K in revenue. It's not magic; it's about making smart decisions, focusing on what works, and finding the right clients. If you're an accountant, part of an accounting firm, or offer CFO services, this video is for you. Learn how to review your last year's performance honestly, set clear goals, and make the changes needed to boost your business. Check out our YouTube page for the video version of this podcast: https://www.youtube.com/@thefinanceaccountingshow2679 ============= Connect with Us: Instagram: https://www.instagram.com/businesstalklibrary/  Website: https://www.bizprofitsecrets.com/  Facebook:https://www.facebook.com/TLTurnerGroup  Email: [email protected] 

Can a business really create a balance between value for the company and value for the staff? In light of mass company layoffs, social media chatter, and several published articles it appears that many organizations are struggling with doing what is right for the business vs doing what is right for their people; but should this really be a conflict? We sat down with a veteran business owner and leader Dan Luthi to hear his take on this topic and to dive into some of the ways that Ignite Spot has approached this dynamic throughout their 15 years of existence. Some may find his advice comforting while others might find it challenging so take a listen and let us know what you think in the comments Check out our YouTube page for the video version of this podcast: https://www.youtube.com/@thefinanceaccountingshow2679 ============= Connect with Us: Instagram: https://www.instagram.com/businesstalklibrary/  Website: https://www.bizprofitsecrets.com/  Facebook:https://www.facebook.com/TLTurnerGroup  Email: [email protected] 

Why are so many businesses being destroyed by the silent killers? When it comes to starting, growing, or maintaining a mature business, the worst thing that you can do is ignore your risk, because if you do these risks will become the silent killers of your business. Most people tend to think about the obvious risks but the truth is that the most dangerous risks are the ones that most people don't take the time to consider. This is why it was so great to sit down with Top CFO Josh Greenbaum and have him shine a line on some of the common risks that many businesses overlook. Some of the risks that Josh discussed are things like 1) product risk, 2) revenue source risk, 3) specific political risk and so much more, plus he shared a few tips that accounting firms can use to help prepare their clients to survive and thrive in a world of never-ending risk Check out our YouTube page for the video version of this podcast: https://www.youtube.com/@thefinanceaccountingshow2679 ============= Connect with Us: Instagram: https://www.instagram.com/businesstalklibrary/  Website: https://www.bizprofitsecrets.com/  Facebook:https://www.facebook.com/TLTurnerGroup  Email: [email protected] 

Exploring Unique Insights: Business Lessons from Terrell's Paris Trip Discover Fresh Perspectives: Applying Lessons from Paris to Enhance Your Business Get ready for a distinctive twist in this episode. Terrell has just returned from Paris, and we're excited to share the invaluable business lessons he gained from this experience. Learn how you can implement these insights to elevate your business's performance. For the complete immersion into these transformative insights, watch the full video episode here: https://link.chtbl.com/sybity. Stay ahead in the business world with our expert advice. #business #bookkeeping #sybity #financeforbusinessowners #lawfirms

Data-Driven vs. Emotion-Driven Business Decisions: Striking the Balance Empower Your Business: Leveraging Data for Informed Decision-Making Are your business choices guided by intuition or data-backed insights? Are you assisting your clients in making choices driven by emotions or data? In this episode, we uncover three essential tools that your business can employ to facilitate prudent data-driven decisions. We also delve into the integral role that your accountant and finance personnel should play in this transformative process. For a comprehensive understanding, don't miss the complete video episode here: https://link.chtbl.com/sybity. Stay ahead in business with our expert insights. #business #bookkeeping #sybity #financeforbusinessowners #lawfirms