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Best Strategy for CPA Firms to Get Consistent Cash Flow

By Erik Solbakken CPA | July 18, 2022
Best Strategy for CPA Firms to Get Consistent Cash Flow

Best Strategy for CPA Firms to Get Consistent Cash Flow Today I dropped my daughter off to her sketching class and noticed all of the nearby local businesses, like a tack shop for horse riding, a pet grooming, and supplies shop as well as a veterinary clinic. The interesting thing about all of these businesses…

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How Accounting Firms Can Offload Bad Clients

By Erik Solbakken CPA | July 11, 2022
How Accounting Firms Can Offload Bad Clients

Today I’m here at Butterfly Gardens in Brentwood Bay, BC. I wanted to chat with you today about how accounting firms can offload bad clients. Before I get to that, here’s an interesting fact I just learned while at Butterfly Gardens. There’s a sign that says that there are at least 150 different species of…

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How Accounting Firms Avoid Hitting the Revenue Ceiling

By Erik Solbakken CPA | July 6, 2022
Accounting Firms Avoid Hitting the Revenue Ceiling

How Accounting Firms Avoid Hitting the Revenue Ceiling Calling all CPAs. How Do Your Accounting Firms Avoid Hitting the Revenue Ceiling? As you know, inflation has been going through the roof and the price of everything is getting higher and higher. However, at the same time, accounting firms haven’t been increasing their prices and continue…

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Accounting Firms Need to Stop Doing Personal Tax Returns

By Erik Solbakken CPA | June 28, 2022
Accounting firms need to stop doing personal tax returns

I’ve said this so many times…accounting firms need to stop doing personal tax returns. There’s been a big push in the accounting industry lately where everybody moving to outsourcing. You know I’ve always said that if you’re doing outsourcing as your first step as your value, as a way of crushing your prices so that you can compete on price, then you’re dead. It’s a brutal model, you’re going to suffer.

It’s time to stop using this outdated and archaic pricing model. Move over to a value-based subscription model for your clients. You want to serve your accounting clients the way you were professionally trained – focus on advising the clients while working in a model that works best for you.

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How to Attract Talent To Your CPA Firm

By Erik Solbakken CPA | June 21, 2022
How to Attract Talent To Your CPA Firm

How to Attract Talent To Your CPA Firm There’s a problem that I’ve heard from multiple accounting firms over and over again…they just cannot figure out how to attract talent to their CPA firms. This is a major epidemic quite frankly. Finding quality staff and team members to work in your accounting practice is a…

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Shift your accounting business model – for your clients and for your freedom

By Erik Solbakken CPA | June 2, 2022

Erik’s Rant: Shift your accounting business model and get back your freedom! I am fired up! I just got off a mastermind call with a group of my CPAs in the Accountant Success Formula program.  I’m really fired up and pissed off. I was talking to one of the members of my group and they…

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Anytime Anywhere

By Erik Solbakken CPA | May 11, 2022

I’m always interested in other business models to see what works and what doesn’t. I found one in SCOTLAND that’s brilliant. Follow the same approach and you’ll meet unexpected success. Hope you enjoy this week’s video.

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Advocate for CPAs and the Accounting Profession

By Erik Solbakken CPA | May 4, 2022

Advocates Close: Advocate for CPAs and the Accounting Profession Hello, I’m coming to you from Edinburgh, Scotland again. Have you ever stopped to think about who’s your biggest advocate? Today I’d like to talk about how I am an advocate for CPAs and the accounting profession. I just walked by a really interesting structure on…

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Deliver More Value and Increase Your Price Per Client

By Erik Solbakken CPA | April 28, 2022

Deliver More Value and Increase Your Price Per Client Scotland is a brilliant country, full of history and culture. But what does Scotland have to do with how to deliver more value and increase your price per client? This week’s video is coming to you from Edinburgh and what I want to talk about this…

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What Is Your Unique Ability?

By Erik Solbakken CPA | March 10, 2022

What Is Your Unique Ability As An Accountant? Today I’d like to ask you a very important question. What Is Your Unique Ability As An Accountant? I am doing this post from another hotel room. Where could I be in Toronto? Clue — CN Tower.  I’m here because I’m actually going to be seeing a…

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