You've spent years developing your next generation of partners, but what happens when they don't want to lead, can't secure financing, or simply aren't the right fit to take over? 

In this episode, our Ontario Market Leader Darryl Boyd, reveals why so many multi-partner firms are discovering that their "default" internal succession plan isn't working, and why external sales often deliver better outcomes for everyone involved.

Over his decade with Poe Group Advisors, Darryl has helped the Canadian M&A landscape transform from earnout-heavy transactions to all-cash deals that prioritize fit over spreadsheets. 

We explore the uncomfortable truth about internal succession: technical excellence doesn't equal business leadership, and the partner who's great at client work may have zero interest or aptitude for running the firm.

The conversation highlights that:

• Why exhausted accounting firm owners often just need better systems, not an exit strategy
• How private equity is slowly earning trust in Canada, and why most CPA firm sellers still choose CPA buyers
• The hidden assumptions killing Accounting M&A deals (like the "25% client loss" myth with zero data behind it)
• Why the best transactions happen when both parties forget about price and focus on whether the handoff will actually work

We also tackle the massive variability across firms that makes a cookie-cutter valuation worthless: profitability, owner workload, geographic markets, and cultural dynamics all impact valuation more than sellers realize. Whether you're a multi-partner firm wrestling with succession, a solo tax practitioner planning your exit, or a buyer trying to understand what sellers really care about, this episode will challenge your assumptions about how accounting practice transitions actually work.

Link to full listing: https://poegroupadvisors.com/practice/sc2038/ 

Firm Highlights:
- Young, energetic owner committed to staying 10+ years to run and grow the firm.
- Selling 70–100% equity, with plans to offer key employees an ownership stake.
- 3+ CPAs on staff and over 20 employees.
- High-net-worth clients with strong loyalty and consistent referrals.
- 78% of services tied to business clients.

In this episode, we sit down with Lisa Smith who is a functional medicine dietitian, gut-health expert, and founder of Lisa Smith Wellness. We explore the realities of deep stress and the health impacts that so many accounting firm owners quietly carry. We start by talking about the concept of “deep stress,” how it differs from everyday overwhelm, and why professionals who juggle multiple roles often don’t realize their bodies are stuck in long-term survival mode. Lisa breaks down the signs many CPAs ignore: waking up tired, constant tension, reliance on caffeine or wine, disrupted sleep, brain fog, and that ever-present feeling of being “on.”

Timestamps:
03:55: Introducing the concept of deep stress
05:58: How stress impacts sleep and cortisol
07:57: What entrepreneurs consistently overlook in wellness
10:50: Habit change and understanding personal motivators
12:52: Redesigning your life and business through intentionality
16:34: Long-term health implications of unmanaged stress
18:59: Feeling trapped in your business and how to begin unwinding it
23:05: Reducing stress and improving clarity
24:26: Price’s Law, the Pareto Principle, and understanding real productivity
29:14: Pre-tax-season tips for improving energy and well-being
30:46: The “campfire method” for stabilizing daily energy
34:29: Lisa’s book recommendations for leaders and entrepreneurs

Lisa’s Resource Recommendations:

• Prepare Your CPA Firm for A Sale by Brannon Poe [https://poegroupadvisors.com/prepare/]
• Atomic Habits by James Clear [https://www.amazon.com/Atomic-Habits-Proven-Build-Break/dp/0735211299]
• The Slight Edge by Jeff Olson [https://www.amazon.com/Slight-Edge-Turning-Disciplines-Happiness/dp/1626340463]
• Who Not How by Dan Sullivan [https://www.amazon.com/Who-Not-How-Accelerating-Teamwork-ebook/dp/B0867ZJ151]
• Traction by Gino Wickman [https://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837]
• The Common Path to Uncommon Success by John Lee Dumas [https://www.amazon.com/Common-Path-Uncommon-Success-Fulfillment/dp/1400221099]
• Journaling Guide: [http://lisasmithwellness.com/the-morning-mindset-journal]

Connecting with Lisa: 

•  Listen to my Pretty Well PODCAST https://apple.co/3Y2IbSZ
•  Visit my Website https://lisasmithwellness.com
•  Read my Wellness BLOG  https://lisasmithwellness.com/blog/
•  Find me on Instagram https://www.instagram.com/prettywell_podcast/
•  lisa.lsw@outlook.com 

Link to full listing: https://poegroupadvisors.com/practice/sc2038/ 

Firm Highlights:
- Young, energetic owner committed to staying 10+ years to run and grow the firm.
- Selling 70–100% equity, with plans to offer key employees an ownership stake.
- 3+ CPAs on staff and over 20 employees.
- High-net-worth clients with strong loyalty and consistent referrals.
- 78% of services tied to business clients.

In this episode, we sit down with returning guest Nick Sinclair, founder and chairman of TOA Global, one of the largest accounting outsourcing companies in the world. Nick shares the unlikely origin story of how a leadership trip to the Philippines revealed the talent  and scalability his own firm desperately needed. This inspired him to build what has now become a powerhouse with more than 4,500 team members serving over 1,100 firms worldwide. His personal “why” behind the business was shaped by watching his parents lose everything when he was young. This drives his mission to ensure more people get the financial advice they need by helping firms leverage the offshoring support they need to deliver high-touch service.

Timestamps:

• 00:37 – Introduction to Nick and his background
• 02:46 – How TOA Global began
• 04:10 – Early offshoring lessons and growing pains
• 06:40 – The unexpected demand that revealed a real business
• 07:43 – Nick’s personal “why” and decision to scale globally
• 09:12 – Why the Philippines has such strong accounting talent
• 11:25 – Why every accounting firm needs a people plan
• 13:30 – Industry capacity issues and long-term global staffing strategy
• 15:07 – How offshoring perceptions have evolved
• 16:19 – Quality challenges, cultural misunderstandings & outsourcing stigma
• 18:00 – Outsourcing reveals internal firm weaknesses
• 19:16 – Offshoring accelerates local careers
• 20:00 – People are the product in accounting firms
• 22:20 – Human connection as the profession’s long-term differentiator
• 23:02 – Why training and quicker competency paths matter
• 25:06 – Building career plans and accelerating development
• 27:39 – Challenges firm owners face when building global teams
• 28:56 – Cultural nuances in leading global teams
• 31:21 – Leadership, flexibility, and knowing your people
• 32:30 – Nick’s most memorable career moment
• 34:23 – Book recommendation: Buy Back Your Time by Dan Martell
• 35:24 – Where to connect with Nick: LinkedIn 

Link to full listing: https://poegroupadvisors.com/practice/sc2038/ 

Firm Highlights:
- Young, energetic owner committed to staying 10+ years to run and grow the firm.
- Selling 70–100% equity, with plans to offer key employees an ownership stake.
- 3+ CPAs on staff and over 20 employees.
- High-net-worth clients with strong loyalty and consistent referrals.
- 78% of services tied to business clients.

In this episode of The Accountant’s Flight Plan Podcast, we sit down with Kristen Corey, founder of Media Books Agency, to talk about how accountants can use marketing to strengthen their brand, attract ideal clients, and communicate value beyond compliance work. With experience in both public accounting and marketing, Kristen shares how her journey from working as an auditor to owning her own marketing agency taught her the importance of storytelling and connection in the profession.

Key Timestamps

00:57: Introduction of Kristen Corey and her journey from auditor to marketer

03:00: Building a marketing career abroad and launching Media Books Agency

07:00: The importance of communication skills for accountants

10:10: Why every firm needs marketing, even if referrals are strong

13:05: Using AI tools like ChatGPT for tone, content, and creative brainstorming

16:31: Marketing strategies for small accounting firms under $5M

17:29: The power of newsletters and relationship-based marketing

20:41: Under-the-radar marketing tactic: consistency on social media

23:54: Funny story: catching potential fraud during an internship

27:20: Book recommendation: Extraordinary Circumstances by Cynthia Cooper

Link to full listing: https://poegroupadvisors.com/practice/sc2038/ 

Firm Highlights:
- Young, energetic owner committed to staying 10+ years to run and grow the firm.
- Selling 70–100% equity, with plans to offer key employees an ownership stake.
- 3+ CPAs on staff and over 20 employees.
- High-net-worth clients with strong loyalty and consistent referrals.
- 78% of services tied to business clients.

In this episode of The Accountant’s Flight Plan Podcast, we sit down with Jody Padar, known across the industry as The Radical CPA, to discuss how artificial intelligence is reshaping the accounting profession. Jody shares her journey from founding one of the first cloud firms in 2010 to working in tech startups like Botkeeper and now launching her newest venture, XcelLabs. Her mission is to prepare firms for 2030 by building AI-first practices that leverage automation to expand the capacity for empathy, client connection, and creativity in order to transform advisory work.

Timestamps:

00:00: Using AI strategically to enhance advisory work
01:06: Jody’s career journey and launch of XcelLabs
04:00: PE capital, fintech, and aging leadership disrupting the accounting industry
08:00: How money movement and tech are transforming accounting
10:11: How to leverage AI to build deeper client relationships at scale
13:20: PE-driven competition for top accounting talent
14:26: Using AI to rewrite firm operations and scale
15:24: ChatGPT, Claude, and creative thinking over automation
23:20: Using AI for unbiased performance feedback
27:35: Book Recommendation: Snake Oil: What Artificial Intelligence Can and Can’t Do

Link to full listing: https://poegroupadvisors.com/practice/sc2038/ 

Firm Highlights:
- Young, energetic owner committed to staying 10+ years to run and grow the firm.
- Selling 70–100% equity, with plans to offer key employees an ownership stake.
- 3+ CPAs on staff and over 20 employees.
- High-net-worth clients with strong loyalty and consistent referrals.
- 78% of services tied to business clients.

In this episode of The Accountant’s Flight Plan Podcast, we sit down with Mike Schwarz, CEO of MyZone AI, to explore the evolving need for modern accounting firm leaders to adopt AI. In this episode, we discuss how AI is impacting the world and what the projected implications are for small business owners in every industry. 

There are some key strategies for implementing AI in this episode. We encourage you to learn about the ways it can help your business without becoming overwhelmed by it. Even just thirty minutes a day learning AI tools can add up to major advances in your accounting firm. Watch in the player above or listen through the player below to hear more!

Timestamps:

00:00-02:30: Introduction of Mike Schwarz

03:10-06:45: Rethinking firm capacity and leadership challenges

08:15-11:30: Building systems that balance efficiency and employee well-being

11:40-13:10: AI as a catalyst for change in compliance and advisory work

17:50-19:30: Leveraging AI for efficiency and expanding firm capacity

23:15-25:00: Maintaining the human advisory touch alongside automation

25:45-28:00: Leading through change and fostering trust in new tech

28:00-29:45: The future of AI in predictive analytics and decision-making

31:00-33:30: Advice for firm owners navigating transformation

33:45-End: Closing thoughts and how to connect with Mike

Link to full listing: https://poegroupadvisors.com/practice/sc2038/ 

Firm Highlights:
- Young, energetic owner committed to staying 10+ years to run and grow the firm.
- Selling 70–100% equity, with plans to offer key employees an ownership stake.
- 3+ CPAs on staff and over 20 employees.
- High-net-worth clients with strong loyalty and consistent referrals.
- 78% of services tied to business clients.

Quality leadership that grows your accounting practice isn’t about pushing your team to work harder. While it may sound counterintuitive, modeling a healthy, balanced life is what actually moves the needle. In this episode of The Accountant’s Flight Plan, Rob Dube opens the conversation by emphasizing that when leaders prioritize wellness, the team will follow suit. This results in less burnout, fewer mistakes, better client service, and a more harmonious work environment. If you are happy in your work and life, your team and CPA practice will thrive as well. 

Brannon and Rob also discuss the importance of vulnerability and authentic connection to maintain effective leadership. By sharing your personal story with partners, employees, and close peers, leaders build trust and authentic engagement. Some practical ways to start doing this could be asking for feedback from your close friends and peers on what your strengths and weaknesses are, allowing leaders to shed their “armor”. This can lead to more self-awareness and foster deeper relationships and a higher-energy workplace.

To conclude, Rob and Brannon discuss the importance of setting boundaries to prioritize high-value work. The effectiveness of avoiding hustle culture, taking time off, and delegating lower-value tasks ensures that leaders remain energized for what truly matters. By focusing on purpose, energy, and mindful action, leaders can build resilient teams, sustainable practices, and more fulfilling lives.

Timestamp List: Key Sections:

• 02:00 - Introducing The Ten Disciplines
• 04:00 - Climbing the Two Mountains: Achievement vs. Meaning
• 07:00 - Chaos vs. Awareness: Tuning Into Your Body
• 11:00 - Understanding the Driven Personality
• 14:00 - Vulnerability and the Inner Story
• 21:00 - Practical Steps to Peel Back the Armor
• 26:00 - Combatting Hustle Culture and Setting Boundaries
• 31:00 - Delegating and Avoiding Low-Value Work
• 37:00 - Resources and Key Takeaways

Link to full listing: https://poegroupadvisors.com/practice/sc2038/ 

Firm Highlights:
- Young, energetic owner committed to staying 10+ years to run and grow the firm.
- Selling 70–100% equity, with plans to offer key employees an ownership stake.
- 3+ CPAs on staff and over 20 employees.
- High-net-worth clients with strong loyalty and consistent referrals.
- 78% of services tied to business clients.

The Evolving Role of Private Equity
In this special episode of The Accountant’s Flight Plan, Brannon meets with Morry Brown, regional market leader here at Poe Group Advisors, formerly of Goldman Sachs, to share a timely update on how private equity is  impacting mergers and acquisitions in the accounting profession today.This was a live discussion with an informative Q&A at the end.  

Morry and Brannon dive deep into the steady rise of PE-backed deals and discuss the impact of outside capital on CPA firm sales. They unpack why it is funding partner buyouts and, therefore, reshaping the structure of firm operations themselves. Morry highlights why many of these investors view the accounting profession as a “sticky” industry, given its recurring revenue streams. This makes CPA firms especially attractive compared to other industries with less stable revenue projections.

Pros and Cons for CPA Firms
Brannon highlights that while PE firms often bring significant advantages (including technological advancements and recruitment capital), the deal structures they propose can be unrealistic when compared to traditional sales. Morry reflects that the earnouts and layered incentives within these deal proposals are becoming increasingly common. This can, unfortunately, create complications for sellers who are looking for a cleaner transition than private equity can provide. Brannon and Morry both emphasize the importance of owners thinking carefully about what they want. Especially, considering that a straightforward deal that looks less flashy on paper might be better in practice than a larger quote that relies on a complex earnout structure that would lead to a messy exit.

What CPA Firm Owners Need to Know for the Future
So what do the next 12–18 months look like for the industry? With interest rates and capital funds shifting consistently, Brannon and Morry believe that not all private equity buyers will remain active to the same degree. For firm owners, this simultaneously creates opportunities and reasons to be cautious. Before deciding your next steps in the future of your firm, get clear on what your own goals are outside of the changing tide within the industry. Whether you want to maximize your firm’s value, ensure continuity for your staff, or simply exit without complexity, knowing your goals will help you make them a reality.

Timestamps:
02:00 – Introductions of Morry and Brannon

06:30 – Why private equity is interested in accounting firms' sales

10:15 – PE-backed deals vs. traditional sales: what’s the difference?

14:45 – Earnouts, incentives, and PE’s risk of overcomplication

20:10 – Possible benefits of PE investment: talent and technology upgrades

26:00 – Market shifts: Interest rates and deal pace 

31:30 – Practical advice for firm owners considering PE offers

43:58 – Question and Answer period from firm owners like you!

From A Big Four Firm to Entrepreneurship
In this special episode of The Accountant’s Flight Plan, Brannon sat down with Raffi Yousefian, a NY/DC-based CPA and entrepreneur, to discuss his journey to building a thriving tax practice. Raffi began his career at EY before launching his own firm in 2016, growing rapidly before making the bold decision in 2022 to niche down into three verticals. By 2023, he doubled down on his fastest-growing and most rewarding segment: restaurants. He dedicated his brand to that niche and sold off the rest with the help of Poe Group Advisors.

Timestamps:
00:37 – Intro of Raffi Yousefian his background from EY to launching his own firm and finding his niche

04:00 – Why Raffi left public accounting to become an entrepreneur

06:50 – Doing less to grow more: The power of niching

11:45 – Selling off part of a firm: Risk vs. reward

15:20 – Why focus builds deeper expertise and stronger advisory

20:00 – Benchmarks, AI adoption, and automation in accounting

27:33 – DJ life during tax season: A funny story

31:48 – Book recommendation: Crossing the Chasm by Geoffrey Moore

33:00 – Connect with Raffi via LinkedIn: https://www.linkedin.com/in/raffiyousefian/ 

We are taking a look back on an episode from the archives! Enjoy this retelling of how Accounting Practice Academy came to be.

In this episode of the podcast, we have Ian Brennan (APA’s Creative Director), and my wife Carol Poe (PGA Buyer Specialist/APA’s right-hand woman) who played a pivotal role in the creation and execution of the workshop. This workshop wouldn’t exist without them and there’s some fun stories as to why that’s the case.  

The main reason it wouldn’t exist without them, they filmed and produced the workshop! The pandemic left us without a studio or film crew and so, we created our own little film studio in the office. There was a lot of determination, and good humor that went into developing this workshop that we are so proud of. In the end, doing this project with a less than traditional film style gave us the opportunity to revise, condense and perfect our virtual course. 

*Notable Moments*
1:14: Welcoming Carol and Ian on the podcast 
2:58: How the pandemic changed filming 
5:00: Filming the first several modules and deciding they weren’t good enough 
8:40: Re-writing the module videos 
9:00: Building the course while people were already in the workshop
11:50: Perfecting the workshop to add the most value from start to finish 
13:30: The big moves members made last session
15:20: Ian’s passion for the project 

In this episode of The Accountant’s Flight Plan Podcast, Brannon is joined by Morry Brown, California market leader at Poe Group Advisors and a longtime family friend. Morry shares his journey from Goldman Sachs to helping CPA firm owners navigate the evolving landscape of firm sales, particularly as private equity (PE) ramps up its interest in the accounting profession. 

Making Informed Decisions in a Rapidly Changing Market
Morry and Brannon explore why having multiple offers and opportunities to talk to different buyers gives sellers more leverage and clarity about what matters most. They also discuss why PE buyers are increasingly interested in younger firm owners who aren’t necessarily ready to retire and what this means for those owners. From roll-up strategies and scalable efficiencies to risks around long-term PE timelines, Morry breaks down what firm owners need to consider if they’re eyeing a potential exit in today’s fast-evolving environment.
Timestamps

1:09 – Intro: Morry Brown’s background & joining Poe Group Advisors
3:13 – Why PE buyers are drawn to CPA firms
5:00 – Market changes, rising valuations, and firm consolidation
7:02 – Inside the PE acquisition process & what headline numbers miss
11:14 – Fit vs. price: what really matters when selling
16:01 – Understanding PE timelines, fund mandates & market uncertainty
19:30 – PE can improve firm performance—but it depends on the vision
22:27 – Industry roll-up comparisons: Blockbuster, Waste Management, AutoNation
24:10 – AI + outsourcing: the next evolution in firm efficiency
26:00 – Book rec: Life by Keith Richards
27:17 – Wrapping up: connect with Morry via the Poe Group Advisors website

In this episode of The Accountant’s Flight Plan, we are joined by Wayne Findlay—entrepreneur, founder of Findlay & Co., and CEO of The Back Room. Wayne shares his global perspective on how accounting firms can stay competitive in today’s talent-scarce landscape by leveraging offshoring, modern tech, and clear growth paths for team members. If you’re a firm owner thinking about scale, succession, or private equity, this episode is full of practical, real-world insight.

Get in touch with Wayne: https://www.linkedin.com/in/waynenz/

Episode Timestamps

01:12 – Introduction of Wayne Findlay and the founding of The Back Room

04:09 – Why offshoring is becoming more common in U.S. & Canadian firms

05:50 – Global talent shortage & the retention pressure from PE

09:09 – The win-win of delegation and internal growth

12:10 – How to use AI wisely and keep firm data secure

16:18 – His firm’s expansion into Colombia and why it’s strategic for U.S. work

19:00 – Preparing your firm for sale: what PE buyers want to see

22:45 – Funny story from an accounting conference

25:33 – Book rec: The Four Principles of Management

27:57 – Connect with Wayne and see him at upcoming conferences

The Power of Authenticity in Attracting Talent and Changing Perceptions

In this episode of the Accountant’s Flight Plan Podcast, we interviewed fellow podcaster and reputation-building expert Rob Brown. Rob is the host of three accounting-related podcasts with a collective following of over 50,000 listeners and is the author of Build Your Reputation. He has spent over two decades working in business development and training for accountants, who he found to be passionate but often struggling with the interpersonal side of growing a firm.
After a life-changing stroke, Rob recalibrated his career to focus on helping accountants shape their stories, amplify their impact, and build personal brands that not only elevate their firms—but the profession as a whole.

Timestamps:
 00:21 – Introduction of Rob Brown and his background
 2:40 – How Rob moved from education to accounting business development
 8:00 – The talent crisis and why firm branding matters
 12:40 – Authenticity and representation in your firm’s story
 17:19 – How to build a personal brand (without burning out)
 26:46 – Scaling, saying “no,” and making space for growth
 32:27 – Who’s responsible for the profession’s brand?
 37:00 – Brannon shares why he chose accounting
 40:00 – Funny personal story from Rob
 44:30 – Book recommendation: Deep Work by Cal Newport

The Evolution of an Industry in Real Time

In this episode of the Accountant’s Flight Plan Podcast, Brannon Poe is joined by Dan Hood, Editor-in-Chief at Accounting Today, to explore the shifting tides of the accounting industry. From his start as a receptionist to laying out physical newspapers and magazines to leading one of the profession's most respected publications, Dan shares his unique vantage point on the industry’s past, present, and rapidly approaching future.

AI Is Here—But We’re Just Getting Started

Dan and Brannon dive into the transformative role artificial intelligence is beginning to play in accounting. While the AI boom is still in its infancy, the industry is already seeing an influx of capital and enthusiasm for automation, agentic AI systems, and data-driven insight. Dan emphasizes the importance of starting small—testing tools, cleaning data, and learning to interact with AI—to position CPA firms for long-term impact and return on investment.

Dan Hood is Editor-in-Chief at Accounting Today, where he’s spent decades covering the accounting profession’s biggest trends, challenges, and opportunities. You can connect with Dan via LinkedIn or visit AccountingToday.com to explore more of his work.

Timestamps:
00:42 – Introduction of Dan Hood, Editor-in-Chief at Accounting Today
01:50 – Dan’s career journey from receptionist to editor
04:22 – AI’s growing impact on accounting and data usage
11:20 – Starting small with AI: how to learn and scale
16:05 – Scaling your firm: "What got you here won’t get you there"
21:50 – The shift in revenue per employee as firms grow
24:20 – Letting go to grow: moving toward zero billable hours
26:10 – Advisory services, PE firms, and new ownership models
29:30 – The challenges of the traditional partnership model
32:00 – Wedding story: accountants aren’t boring!
34:48 – Book rec: Say Nothing
39:03 – Closing thoughts and where to connect with Dan

Providing Salary Transparency to Practitioners

In this episode of the Accountant’s Flight Plan Podcast, Dominic Piscopo shares with Brannon about his startup–Big4Transparency. This service provides accounting firms with data around salary compensation, breaking up the data by sector, geography, and position seniority. It is easy to use and accessible for firm owners who value their employees and want to compensate them fairly. They offer a tiered price model based on firm size and additionally offer recruitment services. To learn more, you can visit their website here: https://www.big4transparency.com/

Dom is the founder of Big 4 Transparency, the largest crowdsourced database of accounting salaries on the market with over 18,000 rows of cleaned, standardized data. Big 4 Transparency is where 250,000+ accounting professionals go for high-quality salary data. Dom created this based on his own experience as a CPA working in tax at Deloitte and his frustrations with how difficult it was to find proper salary data - he’s now built a business around it charging firms a subscription fee for access to in-depth analytics on this data set with quarterly updates, helping them set salaries without all the leg work of being involved in compensation surveys.

Following Your Passions to Find Balance

Brannon and Dom discuss their shared experiences starting out their careers in Big 4 Firms. In Dom’s experience working for a Big 4 before striking out on his own, he highlights the value of following all your disparate passions. He shares how his side business as a bartender and DJ for weddings led to cross-pollination with his tax work. With prospective clients meeting him through his side jobs and discovering the possibility of utilizing his tax services. The opportunity to find new and exciting opportunities outside of the traditional mold is important to keeping balance, as well as feeding your work-life balance. 

Connect with Dom:
LinkedIn: https://www.linkedin.com/in/dopiscopo/

Email: dom@big4transparency.com 

Big4Transparency: https://www.big4transparency.com/ 

Timestamps:

00:47 - Introduction of Dominic Piscopo and his service: Big4Transparency

8:30 - The Image Problem in the Accounting Industry 

14:50 - How new technology provides an opportunity to add value

17:22 - Balancing a side business as a DJ with a Big 4 job

22:06 - Breakdown of how Big4Transparency works

A Shifting Profession

The accounting profession is evolving, and Seth Fineberg has had a front-row seat to these shifts. A seasoned journalist who found his niche covering the accounting industry, Seth brings a unique perspective on how the field has transformed—and where it’s headed next. In this episode of The Accountant’s Flight Plan, Brannon Poe sits down with Seth to discuss the modernization of accounting firms, the talent shortage, and why more professionals are rethinking the traditional firm model.

The Divide Between Tradition and Innovation
According to Seth, with over 1.4 million accountants in the U.S., the industry is divided when it comes to change. Seth estimates that roughly 55-60% of professionals are adapting to a modern approach, others still resist shifting away from legacy structures. The pandemic and ongoing talent shortages have forced many firms to rethink their operations, prioritizing value over volume. Seth shares insights into how firms are transitioning into more advisory-driven roles, integrating wealth management services, and leveraging AI to automate routine tasks—all while maintaining the essential human element of accounting.

Embracing the Future
As the conversation wraps up, Seth reflects on the bigger picture—how accountants can embrace change, stay positive, and focus on what they can control. With the industry on the brink of major transformation, those who adapt will find themselves at the forefront of a more dynamic, engaging profession. Tune in to hear why the future of accounting is filled with opportunity, and how the right mindset can help you navigate it.

If this conversation inspires you to start improving your practice, check out Accounting Practice Academy. We have a workshop that focuses on improving your cashflow to above 50% and reducing your owner hours to under 2,000 annually.  

Timestamps:

1:25 - Introduction of Seth and his path to working as a journalist in the accounting industry.

8:27 - How the younger generation of accountants is finding more balance.

18:22 - The talent shortage and how it combined with the pandemic pushed the industry to modernize.

22:10 - the innovative suture of the accounting profession.

37:00 - Funny story about karaoke at the Engage conference

45:44 - Book recommendations and closing off: 

The World We Make by N.K. Jemisin: https://www.amazon.com/World-We-Make-Novel-Cities-ebook/dp/B09TZXTJD5 

This week, we’re celebrating a special occasion on The Accountant’s Flight Plan Podcast! In honor of Brannon Poe’s birthday, we flipped the script—our Marketing Director, Bailey Ball (who also happens to be Brannon’s daughter), took over the mic to interview him. Their conversation takes us on a journey from the earliest days of our company, when Bailey was in elementary school, to the thriving 20+ person team we have today.

Time Stamps:

3:20 - The early days of the company and how it grew into what it is now

8:30 - Working with family - the pros and cons

13:40 - Advice for hiring family members

21:00 - Major changes in the accounting industry – Technology, Private Equity and Remote work

28:40 - What can we do as M&A to help sellers and buyers make good choices

34:22 - Advice for listeners

35:42 - Brannon’s most outlandish deal experience 

39:26 - Wrapping Up & book reccomendations: Walter Isaacson’s biographies [https://www.amazon.com/stores/Walter-Isaacson/author/B000APFLB8?ref=ap_rdr&isDramIntegrated=true&shoppingPortalEnabled=true# ].

In this episode of The Accountant’s Flight Plan Podcast, Brannon sat down with Giles, founder of Accountests and a seasoned accounting professional with 25 years of experience in public accounting and 18 years as a partner in a firm. Giles founded Accountests after years of frustration with the unpredictability of hiring in the accounting profession; hiring seemingly qualified candidates to later realize that they were not the right fit. 

Accountests is a structured testing approach to help CPA firms make better hiring decisions. His firm provides assessments that measure both technical and soft skills, ensuring that candidates—from college graduates to senior managers—are the right fit before they are brought on board.

With the ongoing talent shortage in accounting, firms can no longer afford to rely on outdated hiring methods. The reality is that the pipeline of qualified professionals is not getting any stronger. As firms explore technology, automation, and offshoring to fill the gaps, the hiring process itself remains a critical piece of the puzzle. Giles explains how firms can leverage testing to gain a first-mover advantage—allowing them to receive a resume, assess a candidate, and confidently make a hiring decision in a matter of days rather than weeks. Without a defined process, many firms fall into the trap of hiring reactively rather than proactively.

One of the key takeaways from this discussion is the role of testing in evaluating both hard and soft skills. While firms often worry that assessments might scare candidates away, the reality is quite the opposite—strong candidates appreciate a structured and transparent process. Some firms use testing after an offer to determine training needs, but Giles suggests integrating it earlier in the process to make more informed decisions from the start. A well-explained assessment process helps candidates understand their own strengths and how they align with the role.

To wrap up, Giles shares some of his favorite business books, including Shoe Dog (https://amazon.com/Shoe-Dog-Memoir-Creator-Nike-ebook/dp/B0176M1A44 )and works by Richard Branson (https://www.amazon.com/stores/author/B000APPS34), as sources of motivation for growing a business.

For those looking to refine their hiring strategy and develop stronger teams, his firm, Accountests, provides a data-driven approach to making smarter, more confident hiring decisions. Connect with Giles on LinkedIn (https://www.linkedin.com/in/giles-pearson-fca-8a175843/?originalSubdomain=nz ) or visit https://www.accountests.com/ to learn more.

Time Stamps: 

00:50 - Introduction of Giles and what led him to the development of Accountests. 

4:50 - The current state of the staffing shortage and the impact it will continue to have on smaller firms

7:02 - Is the adage “Hire slow fire fast” still true in today’s market?

11:40 - Using testing to asses both hard and soft skills to expedite and simplify the hiring process

20:14 - Testing for leadership capabilities and career growth within your organization

In this episode, Brannon sits down with Ryan Pulice CPA, a (financial planner/accounting firm owner) to explore his unique journey of finding his niche, working with small businessbusiness owners, and real estate investors. Ryan’s venture into accounting was almost accidental. After starting his college journey in computer science he found that it was not the path for him. At his father’s suggestion, he started down the accounting route and–learning that it is the language of business–discovered a passion.

Ryan consequently started his own accounting business and expanded by acquiring another CPA firm in 2019. He has since grown his firm by combining a love for real estate investment with a desire to provide the best services to clients. He offers insights on the benefits of owning your real estate and why aligning personal interests with your practice can enhance client relationships.

Ryan and Brannon also discuss the critical need to bring new CPAs into the profession, strategies for creating a more accessible career path, and how technology—like AI—is reshaping the industry. 

If you are struggling to find your niche, looking for ways to marry your passion with your business, or advice on growing your business, this is an episode you don’t want to miss! Tune in for book recommendations, a funny tax-return-turned-love story, and Ryan’s thoughts on how mindset influences success in business and life.

Timestamps:

3:10 - How Ryan became a CPA 

5:05 - The need for more accountants to enter the profession and the importance of making the profession more accessible

8:43 - The opportunities AI presents to the accounting industry

13:20 - How a tax return question ended in a marriage 

15:42 - The real estate tax niche

17:54 - Book recommendations

• The Prize: The Epic Quest for Oil, Money & Power by Daniel Yergin
• Evolve Your Brain: The Science of Changing Your Mind by Sean Runnette, Joe Dispenza, et al.

20:40 - Closing up–how to get in touch with Ryan

Link to Ryan’s podcast, The CPA Zone: https://open.spotify.com/show/4jEOSgMImKdRp7wLWg5YOX

The Pulice Group: https://www.thepulicegroup.com/

Reaching 100 episodes is no small feat, and The Accountant's Flight Plan Podcast has officially hit that milestone! To mark the occasion, Ian Brennan (Creative Director at Poe Group Advisors)  takes on the role of guest host to turn the microphone on Brannon Poe, CPA, the mastermind behind the podcast.

This 100th episode isn’t just a celebration; it’s a heartfelt reflection on the mission and purpose that have driven Brannon to serve the accounting industry for over 20 years. Whether you’re a long-time listener or tuning in for the first time, this episode is a testament to the power of guidance, growth, and the pursuit of building a practice you truly love.

In this special episode, Brannon reflects on his journey of serving the accounting industry and helping CPAs build firms they love. He shares the story of how he began selling accounting firms, a pivotal career shift that laid the foundation for everything that followed. Over two decades later, Brannon has gained incredible insights from his work in mergers, acquisitions, and firm development, all of which he discusses with Ian.

Listeners get a behind-the-scenes look at the inspiration behind Accounting Practice Academy [https://poegroupadvisors.com/accounting-practice-academy/ ], a program designed to guide accountants toward firm growth and success. Brannon and Ian also delve into the growing interest of private equity in the accounting profession and its implications for CPA firm owners.

The episode uncovers the origin story of The Accountant's Flight Plan Podcast, exploring how Brannon turned his vision into a platform that delivers actionable insights to CPAs worldwide. He shares the lessons he’s learned about growing a business, likening it to “a series of letting go,” and offers thoughtful advice to the accounting profession about navigating change and seizing opportunities.

To wrap things up, Ian fires off rapid-fire questions, prompting Brannon to share his favorite books, including The Five Dysfunctions of a Team [https://a.co/d/9Runb7T ] and Walter Isaacson’s inspiring biographies [https://www.amazon.com/stores/Walter-Isaacson/author/B000APFLB8?ref=ap_rdr&isDramIntegrated=true&shoppingPortalEnabled=true# ].

Thank you for being part of this journey—here’s to the next 100 episodes and beyond!

Time stamps: 

0:55 - How Brannon started selling accounting firms

9:22 - What Brannon has learned from his time in the mergers and acquisitions business

21:09 - The inspiration for Accounting Practice Academy

26:08 - The reasons behind private equity’s interest in the accounting profession

33:47 - The origin story of the Accountant Flight Plan podcast

40:31 - Growing a business and letting go

45:08 - Advice to the accounting profession

47:10 - Rapid-fire questions and wrap-up

What role can accountants play as partners for small business owners, and how can they navigate the challenges of scaling a firm? In this episode of The Accountant’s Flight Plan Podcast, Brannon explores these questions with Cory Gayman, a CPA and entrepreneur whose firm JCG CPA Firm specializes in empowering small business owners to succeed. As a firm owner who started small, Cory shares his journey and insights on building a client-focused practice, overcoming hiring challenges, and balancing service quality with sustainable growth.

As an advocate for proactive accounting, Cory discusses why accountants are uniquely positioned to help business owners understand the "language of business." He reveals common mistakes entrepreneurs make—like overlooking accounting basics and cash flow—and explains how accountants can help clients clarify their business goals. Cory points out that understanding cash flow isn’t just an accounting function; it’s essential for owners who want to grow beyond just "creating a job" for themselves and truly scale their business.

Cory also dives into the future of accounting, from embracing tech advances like online portals and automated updates to adapting to a changing labor market where remote work and outsourcing have become the norm. Building relationships with bookkeepers and leveraging outsourcing opportunities have helped Cory's firm thrive in a time of rapid change. For those looking to become more strategic business advisors, Cory’s story offers valuable lessons in adapting to technology and maintaining client-focused growth.

Curious about what it takes to scale your own accounting firm, work effectively with small business clients, or strengthen client relationships? Tune in for practical advice on the keys to a successful accounting practice, along with Cory’s recommended reads for inspiration. You can listen to the podcast on the player below or watch the latest episode here! 

If this conversation inspires you to learn how your firm would fare in the marketplace, please download our CPA VALUATION KEY FACTORS REPORT. 

Time Stamps: 

00:18 - Introduction of Cory Gayman and his passion for small business ownership and helping entrepreneurs achieve their goals

3:42 - Facing and overcoming the challenges of scaling a business

7:57 - The most common mistakes small business owners make

11:33 - The importance of understanding how cashflow works in your business

14:20 - Being proactive and goal-oriented in your business

20:40 - Finding staff and attracting talent to the firm 

22:36 - Book recommendation and closing thoughts

Why has there been such an increase in private equity buyers acquiring accounting firms and what does this mean for the industry? In this episode of the Accountant’s Flight Plan Podcast Brannon dives deeper into the subject and what it means for your firm with accounting practice intermediary, Laurens Ball and California market leader, Morry Brown. Laurens has been brokering deals on our team for five years now and Morry, a member of our sales team, has a background in outsourced CFO services and global investment banking with Goldman Sachs and Citigroup. In this episode, you will learn why private equity is here and how it could benefit the profession in the long run. 

Private equity has entered the accounting world primarily because they see the value that CPAs provide. With the staffing shortage in full swing, accounting and bookkeeping services are in high demand. This means that accountants have more pricing power than they realize. With the opportunity to raise prices and increase revenue, firm owners could increase topline revenue and cash flow creating more value in their firms.

Buyers with private equity backing see this potential and want to capitalize on it. With the knowledge and experience to implement or streamline systems while consolidating multiple CPA firms, private equity buyers could optimize firms effectively. While this potential is exciting and comes with the opportunity for selling at progressively higher multiples, it is important for sellers to keep their vision top of mind. 

Whether selling to a private equity firm or not, finding the right fit buyer is key. Knowing what the buyer’s vision is and how they hope to grow the firm after close is crucial to knowing whether or not the deal will be successful. Cluing into the non-monetary elements of an offer is vital to knowing whether or not it is the right one for you and your employees. 

Are you considering a private equity buyer or looking to learn more about how the current market increases your pricing power as a firm owner? Read our Private Equity Market Report to dive deeper into this topic and learn what questions you should ask when considering these types of deals: Private Equity M&A in the Accounting Industry

Time stamps:

1:55 - Overview of where we are with Private Equity in the Accounting Industry

3:36 - How do you know if a PE buyer is right for you?

8:22 - Private equity’s impact on pricing valuation

10:50 - Will private equity increase top-line revenue?

14:15 - Knowing the buyer’s vision can indicate success

31:59 - Market knowledge & the non-monetary elements of an offer

35:00 - Wrap up and - book recommendations 

• Brannon - To Be Loved - by Berry Gordy
• Morry - Life - Keith Richards
• Laurens - Shoe Dog - by Phil Knight 

What do you need to know before selling your life’s work or buying someone else’s? Learn from Stephanie’s experience as she shares her perspective on avoiding key obstacles during the acquisition and transition process in buying or selling an accounting practice. After working together in the mergers and acquisitions space for more than 15 years, you don’t want to miss out on Brannon and Stephanie's conversation! 

This podcast touched on:

• The importance of having a vision before you sell your CPA firm. 
• Why buyers and sellers need to consider cultural fit before transitioning. 
• Having hard conversations early on to avoid issues in the long run. 

Whether you are considering buying or selling a CPA firm, it is crucial to consider your personal and professional goals beforehand. Knowing what your vision is before leaving your practice or buying a new one is vital to the success of either endeavor. Additionally, knowing what your values are and focusing on finding a cultural fit is key to the negotiation and transition process. Listen to learn more in this episode of the Accountant’s Flight Plan! 

If this conversation inspires you to learn how your firm would fare in the marketplace, please download our CPA VALUATION KEY FACTORS REPORT. 

You can listen to the podcast on the player below or watch the latest episode here! 

Time stamps:

00:34 - Introduction of Stephanie Smith; Poe Group’s most experienced broker.

3:10 - What makes for the most challenging and most enjoyable deals?

10:55 - What you need to do to prepare to sell your CPA firm.

16:12 - Why focusing on fit is key to a successful accounting firm transition.

24:05 - How AI could help the accounting profession.

28:28 - Book recommendation: Crucial Conversations Tools for Talking When Stakes Are High

Is tracking your hours decreasing your productivity and profitability? According to Geraldine Carter, the answer is most likely yes. In their conversation, Brannon and Geraldine break down how the hourly billing model takes you away from providing real value to your clients. Conversely, getting your hours down and doing away with the hourly billing model altogether could be the key to raising your bottom line. 

This podcast touched on:

• Hourly billing vs value pricing.
• The impact of private equity on the accounting industry.
• Why hiring won’t solve the problem of overwork.

By refocusing on the value you can provide to your clients rather than on the hours you are billing them for you can increase your revenue while simultaneously lowering your hours. The key to building the business you want and living the life you want lies in refocusing your firm so that you can make meaningful changes. Listen in to learn how you can gain capacity, think critically, and make moves to live a life with balance. 

Time Stamps: 

0:38 - Introduction of Geraldine Carter

1:44 - Private equity firms in the accounting space

5:50 - Why are so many CPAs overworked and what is the solution?

15:31 - How to price upfront without hourly billing.

19:40 - Why hourly billing is a trap.

35:38 - Geraldine’s new book - Down to 40 Hours [https://geraldinecarter.com/book] 

38:22 - Wrapping up  

Getting in touch with Geraldine:

Geraldine’s Website: https://geraldinecarter.com/ 

LinkedIn: https://www.linkedin.com/in/geraldine-carter/ 

Learn why buying a CPA firm “isn’t like buying a house” with buyer specialist Carol Poe. For the aquisition and transition process of buying an accounting firm to be successful it is crucial that both the buyer and seller are the right fit. By focusing on the work culture and personality of both, Carol guides buyers and sellers to find the best fit for their clients and team. 

This podcast touched on:

• Working with your spouse. 
• What to look for in a buyer.
• How to find success in your new firm.

Having a vision for your new firm is crucial to the success and longevity of that firm. Part of that vision starts with making sure that each practice is paired with the perfect buyer. Listen to the full episode to hear more about how getting clear on your goals before acquisition is crucial to finding the success you want. 

Time Stamps: 

0:39 - Introduction of Carol.

4:20 - How Carol started working as buyer specialist for Poe Group.

7:45 - The process of finding the right fit.

17:40 - Why sellers are looking for someone who will take care of their clients and staff.

23:55 - Book recommendation and closing thoughts.

• “The Women” by Kristin Hannah
• [https://www.amazon.com/Women-Novel-Kristin-Hannah/dp/1250178630] 

Getting in touch with Carol:

For appointment email: cpoe@poegroupadvisors.com