TOUCH IT ONCE: HOW 2020 BECAME MY FIRM'S MOST PRODUCTIVE AND PROFITABLE YEAR

  • Accountant
  • CPA (CA)
  • CPA (US)
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

The year 2020 has been a challenging one for everyone, CPAs included. For one CPA firm, however, it was the most productive, profitable, and efficient year ever. This firm experienced its highest realization of 140% across all clients, despite not charging extra for PPP loans and loan forgiveness. They did more work for more clients in less time—all while using fewer people and providing better client service. There was higher client satisfaction with no last-minute filings or surprises. 

All this efficiency was possible because this firm adopted a “touch-it-once philosophy.” This philosophy begins with efficiently gathering client data and integrating it into a standard workflow that combines engagement letters and billing into one task once a year. Streamlining tasks has allowed this firm to focus on client service and be more efficient in filing tax returns. They’ve been more productive and profitable, navigating COVID-19 and PPP service obstacles with ease.

Key points:

  • How to efficiently gather and integrate client data
  • How to increase productivity and thereby improve profits
  • How to increase client satisfaction
  • Ways to streamline tasks and improve efficiency

Learning Objectives

  • Recognize how a “touch-it-once philosophy” pays off in unexpected areas
  • Identify how to properly assess and maintain the collective value of a client base over exceptions based on individual preference
  • List third-party applications and how to maximize their value
  • Live demo walkthrough of a transaction-based workflow

Who Should Attend?

  • Accounting Practice Owners
  • Annual Filing Season Program
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Chartered Global Management Accountant
  • Chartered Professional Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Professionals
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CPD Credit for Chartered Professional Accountant (CPA Canada)
  • 1 CPE Credit of Business Management and Organization for Certified Public Accountants (CPA-US)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Ford Baker

Chief Executive Officer (CEO), BaCo Tech

Ford Baker, CPA, has over 35 years of experience in the public accounting industry, with over 20 of experience running a firm, BaCo Group, PLLC. In that role, Ford always sought to improve the efficiency of his firm through technology and forward-thinking. His passion was built out of a unique backstory; in 2012, he weighed almost 400 pounds, but by 2014 he had changed his life and rode a bicycle from Canada to Mexico down the Pacific Coast Highway. He had a passion and focus on eliminating the clutter in his practice that created the 400-pound version of himself that he did not want to see return. Ultimately, Ford developed an in-house transaction-based workflow using Excel and various other off-the-shelf utilities that gather data and work with data more real-time. This workflow concept can change the industry from a reactive service from putting last year’s balances on last year’s returns to proactive services, teaching clients the impact of this year’s numbers on their business, its exit value, and next year’s tax bill, today.

About Company

BaCo Tech

www.bacogroup.com/

BaCo Group, PLLC is a full service, boutique-style, accounting, tax and attestation firm that partners with entrepreneurs and owners to provide high-quality service. It provides a full range of tax planning and preparation services, accounting consulting and attestation services, outsourced ‘CFO’ related services, and more. BaCo Group utilizes a patent-pending process that seamlessly integrates client accounting records into our workflow. That integration allows us to provide automated and consolidated online financial reporting, and eliminate redundancies on a readily available command center. We see the relationship between a business and its accountant as a partnership. We achieve this relationship in many ways, first and foremost, by working side by side with our clients throughout the year instead of a reactionary basis.

About Presenter

Joe Abesamis

Tax and Client Services Director, BaCo Tech

Joe Abesamis is a redemptive CPA who exists to fix what is wrong in the public accounting profession. Since 2007, he has worked in various firms where billable hours were valued over outcomes and men became machines. He wants to reverse the curse and provide hope for a brighter future to the profession. Joe aims to inspire the next generation by example through BaCo Group, PLLC, a boutique tax and accounting firm, and BaCo Tech, an accounting tech company that values people while maximizing firm profits. Joe enjoys writing thought leadership articles for Intuit and Sage and is an active member of the innovative accountant’s group, Thriveal. Additionally, he is an active member of a CEO peer advisory group of executives who challenge and inspire each other to make better decisions, Vistage International.

About Company

BaCo Tech

www.bacogroup.com/

BaCo Group, PLLC is a full service, boutique-style, accounting, tax and attestation firm that partners with entrepreneurs and owners to provide high-quality service. It provides a full range of tax planning and preparation services, accounting consulting and attestation services, outsourced ‘CFO’ related services, and more. BaCo Group utilizes a patent-pending process that seamlessly integrates client accounting records into our workflow. That integration allows us to provide automated and consolidated online financial reporting, and eliminate redundancies on a readily available command center. We see the relationship between a business and its accountant as a partnership. We achieve this relationship in many ways, first and foremost, by working side by side with our clients throughout the year instead of a reactionary basis.

About Presenter

Kaitlyn Kirkhart

CFO/Controller, BaCo Tech

Kaitlyn Kirkhart is a communications professional who specializes in client-facing relationships in the public accounting industry. Kaitlyn has a proven track record in sales, public speaking, organizational communications, and social media. Before working at BaCo Tech, she assisted in communication and business administration where BaCo Tech was developed out of, BaCo Group, PLLC. While there, she developed a passion for CPAs to achieve what seemed unachievable, work-life balance. Kaitlyn is a published writer for the CPA Practice Advisor, and co-produced a national webinar with Sage Accounting. Kaitlyn holds a Bachelor of Arts in Communication Studies from Texas State University. 


About Company

BaCo Tech

www.bacogroup.com/

BaCo Group, PLLC is a full service, boutique-style, accounting, tax and attestation firm that partners with entrepreneurs and owners to provide high-quality service. It provides a full range of tax planning and preparation services, accounting consulting and attestation services, outsourced ‘CFO’ related services, and more. BaCo Group utilizes a patent-pending process that seamlessly integrates client accounting records into our workflow. That integration allows us to provide automated and consolidated online financial reporting, and eliminate redundancies on a readily available command center. We see the relationship between a business and its accountant as a partnership. We achieve this relationship in many ways, first and foremost, by working side by side with our clients throughout the year instead of a reactionary basis.

Faq

FAQs content

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  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.2

209 Ratings

Excellent

83

Very Good

87

Average

31

Poor

5

Terrible

3

AC

Angela Chieffo, CPA (US)

Feb 18th, 2021

I enjoyed the program and learned some good pieces of information. It was run well and met the objectives.

CG

Caleb Gmyrek, Accountant

Dec 30th, 2020

The instructors were very knowledgeable and the information was very detailed.

JR

Josie Rakes, Accountant

Feb 18th, 2021

Both individuals were interactive and energetic.

CK

Changsoo Kim, CPA (US)

Feb 18th, 2021

The program was very good.

MCN

Maria C. Newcomb, CPA (US)

Dec 30th, 2020

Interesting presentation. Lots of good information about the future for CPA practice.

TOUCH IT ONCE: HOW 2020 BECAME MY FIRM'S MOST PRODUCTIVE AND PROFITABLE YEAR

FREE

1 Credit

Subject Area

Business Management and Organization

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