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HABU Accelerator Podcast

HABU Accelerator Podcast

Written by: Daniel Plant
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 Whether you're an entrepreneur, CPA, or financial advisor, our episodes dive deep into the tools and trends shaping the financial landscape today. From tax-efficient investing and charitable giving strategies to cutting-edge payroll and HR solutions, we cover a wide range of topics to help you and your clients thrive.

Join us as we explore the evolving worlds of cybersecurity, revenue cycle management, conservation easements, and more, all with a focus on maximizing efficiency and growth.

Tune in for expert advice and practical tips to stay ahead in today's competitive market.Copyright Engineered Tax Services Economics Leadership Management & Leadership Personal Finance
Episodes
  • Ep020: Tax Efficient Investing with Vince Nelson and ARNO Wealth

    Ep020: Tax Efficient Investing with Vince Nelson and ARNO Wealth
    Jun 11 2024
    On this edition of the HABU Accelerator Podcast, I sit down with Vince Nelson of Arno Wealth to discuss tax-efficient investing strategies. Vince introduces the Wildlife Fund, an innovative opportunity combining conservation impact with potential tax write-offs. We explore the importance of personalized, tailored solutions for clients when crafting investment strategies. From 401k profit sharing to managing large investments, his steps emphasize a cohesive, proactive approach. Vince underscores treating offerings as customized for clients rather than one-size-fits-all. This episode offers practical advice on mitigating taxes through high-touch client care, strategic planning for high-net-worth individuals, and onboarding processes. SHOW HIGHLIGHTS Vince Nelson, the managing partner of Arno Wealth, introduces the Wildlife Fund, which combines conservation efforts with potential tax write-offs.We discuss the importance of personalized client care and creating tailored investment strategies that align with individual risk tolerance and goals.The role of managing partners in coordinating tax mitigation strategies with CPAs is emphasized, highlighting the need for a collaborative approach.We cover the necessity of bringing together various professionals to create a comprehensive tax plan that leaves no detail overlooked.Vince explains the onboarding process for clients, underlining the importance of early engagement and a proactive stance in managing tax strategies.Investment opportunities should be viewed as bespoke solutions tailored to clients' needs rather than as one-size-fits-all products.The Wildlife Fund is highlighted for its role in conservation and providing tax benefits, serving as an example of a unique investment opportunity.Vince outlines various tax mitigation strategies and investments, such as 401k profit sharing plans, defined benefit plans, and even investments in jets for large-scale investors.We delve into the complexities of managing high-net-worth individuals and the proactive measures necessary for their strategic financial planning.The importance of CPAs having a trusted wealth management partner like Arno Wealth is underscored, as they provide strategic and customized solutions for clients. LINKSShow NotesAbout Arno Wealth GUESTS Vince NelsonAbout Vince TRANSCRIPT (AI transcript provided as supporting material and may contain errors) Jeff: Well, hello again everybody. This is Jeff Pawlow and I'm the president of the Engineered Advisory Family of Companies and your host for the Advisory Accelerator podcast, a show that works to help CPAs become more advisory-minded in their individual practices. On today's show, I'm happy to welcome back our friend, Vince Nelson, who is the managing partner of Arno Wealth, who's going to help us navigate the incredibly complex world of tax-efficient investing as CPAs. I'm sure that you've got clients that are high net worth individuals or maybe have had a liquidity event and they're turning to you for advice in the areas of how to mitigate some of the tax related to those issues. So I'm really looking forward to today's conversation. Vince, welcome to the Advisory Accelerator Podcast. Vince: Well, jeff. Thank you so much. It's an honor to be with you. Jeff: You know I'm excited to talk with you because your presentation had such an impact at the Haboo Conference last year and for those who are listening that weren't at the conference, Vince introduced one of the products that they have that's called the Wildlife Fund, and I was just fascinated about how a program like that could allow an investor to kind of do good from a society standpoint but also help mitigate some of the taxes involved with a liquidity event that maybe they've had or just perhaps they're high net worth individuals. But it was fascinating to see how that particular product was developed and came together. But then I was even more impressed with you, kind of saying like hey, if it fits it's great and we can talk about it. But this doesn't necessarily. It's not one stop shopping where we've got a single solution we're trying to apply across all of our clients. And then you went on to talk a little bit about all the different things that are available through Arno Wealth. So as we jump in today, let's speak to those CPAs that perhaps don't have a wealth management practice or a defined wealth management partner a defined wealth management partner and at the same time have clients that are turning to them for this type of advice and are looking to do something other than just refer it to Merrill Lynch or Edward Jones or something like that. So, Vince, let's start out. Recap for me just all the cool things that make up the Wildlife Fund. Vince: Yeah, and before I do that, jeff apologies, but housekeeping rules that our compliance department requires me say just a couple of things that are very boring, but I'll say them quickly so we can get them out of the way that basically, our ...
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    27 mins
  • Ep019: Payroll and HR Solutions via Guhroo

    Ep019: Payroll and HR Solutions via Guhroo
    May 15 2024
    On this edition of the HABU Accelerator Podcast, I welcomed back CEO Matt Vaadi of Guhroo to discuss the ins and outs of HR, payroll, and benefits management and its relevance to CPA advisory roles. Matt shared how Guhroo differentiates itself from conventional call centers through personalized service and a mission-driven approach. He detailed Guhroo's commitment to empowering local communities through efficient yet boutique-style support solutions tailored for small businesses. For advisors seeking to elevate client value, this discussion illuminated strategic partnerships that strengthen services, like Guhroo's ability to add capabilities as needed consistently. Looking ahead to an upcoming meeting, I look forward to our ongoing collaboration and innovation in support of mutual success. SHOW HIGHLIGHTS Matt Vaadi, CEO of Guhroo, joins the Advisory Accelerator podcast to discuss HR, payroll, and benefits management in CPA advisory roles.We explore Guhroo's personalized service model and its divergence from the traditional call center approach, focusing on a mission-driven strategy that includes contributions to nonprofits.Guhroo targets small businesses, aiming to provide a boutique-style service experience while maintaining the scalability learned from larger corporations.The conversation includes the evolution of white label payroll platforms, highlighting the flexibility these platforms offer CPAs in managing client relations.We discuss the transition from basic online payroll options to comprehensive Professional Employer Organization (PEO) solutions and their scalability for growing businesses.The importance of strategic partnerships for CPAs is emphasized, particularly in the realm of payroll services, to consistently add value to client services.Matt recounts his transition from working at ADP to founding Guhroo and the motivations behind creating a more integrated community-focused company.Options for CPA firms are detailed, including referral partnerships, reseller programs, and full-service white labeling using Guhroo's platform.We highlight Guhroo's strategy of providing valuable resources, like free HR templates, to establish trust and initiate potential client relationships.Anticipation for an upcoming meeting in Dallas is mentioned, signifying the continued collaboration and innovation between the podcast host's company and Guhroo. LINKSShow NotesAbout Guhroo GUESTS Matt VaadiAbout Matt TRANSCRIPT (AI transcript provided as supporting material and may contain errors) Jeff: Well, hello again everybody. This is Jeff Pawlow, and I am the president of the Engineered Advisory Family of Companies and your host for the Advisory Accelerator podcast, a show that works to help CPAs become more advisory-minded in their practices. On today's show, I'm happy to welcome back our friend, Matt Vaadi. He is the founder and CEO of Guhroo and he's gonna help us navigate the incredibly complex world of HR, and he's going to help us navigate the incredibly complex world of HR, payroll and benefits as CPAs. I know that you've had clients who have turned to you for advice in this area, and so I'm really looking forward to today's conversation. Matt, welcome to the Advisory Accelerator Podcast. Thanks for having me, Jeff. I'm excited to be here, you bet, and thanks for all the work you're doing for us directly, full disclosure.Guhroo is our payroll provider and has done a wonderful job for us, so we're able to provide that testimonial without reservation. And I think the thing that I'm most impressed with is, matt, you've got a little bit different model. You're not the block and tackle mainline payroll service provider. Maybe talk a little bit about your vision for guhroo and what makes it so special. Matt: Yeah, we really try to focus on, you know, if you go back to the beginning of where this thing started. So I'm a former ADP guy. I was there for many years and one day made a call up to corporate and was asking for some money to donate to a local nonprofit so we could get involved in a cause they were having. They were having a 5K. We actually wanted to just sponsor it. It wasn't even a donation, so it was hey, we're going to get our logo on the back of the T-shirt. The team's all going to go out and be a part of the 5K. It's going to be a team building opportunity. It's going to be a team building opportunity. It's only a few hundred bucks but, you know, be a great way to get more integrated into the community and show them we're not just a big brand, that's not part of the community. And they said you know what, matt, we just can't get involved at the local level. And you know those words ring through. I still hear them clear as day today. I'll never forget that phone call because it's really what set us down this path of hey. Not only are we looking for a way to provide a better mousetrap, easier to use software for small businesses, better support, better technology, all those things. We also want ...
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    22 mins
  • Ep018: Exploring the Optimized Gift Trust

    Ep018: Exploring the Optimized Gift Trust
    Apr 12 2024
    On this edition of the HABU Accelerator Podcast, we sit down with Jonathon Morrison who provides knowledge on navigating the complex landscape of estate and gift tax planning as it relates to current events and forecasted changes. Jonathon guides us through ongoing tax law transitions and characteristics of those most impacted. We conclude by exploring synergies within the Optimized Gift Trust that advance traditional concepts through additional protective layers. Clarity is brought to risks of less experienced advisors for high net worth clients. Looking ahead, our HABU conference promises deeper dialogue on these sophisticated techniques. SHOW HIGHLIGHTS Jonathon Morrison, a senior partner at Fraser, Ryan, Goldberg, and Arnold, joins me to demystify the intricacies of estate and gift tax planning in anticipation of forthcoming changes.We delve into the urgency to capitalize on current generous exemptions that may decrease due to the scheduled sunset of the 2017 Tax Act by 2026.The Optimize Gift Trust is introduced as an innovative estate planning tool that offers a solid defense against IRS challenges and has been well-received by CPAs and clients.Jonathon explains the potential legislative changes, including the Build Back Better Bill, and the importance of grandfathering clauses in protecting existing estate plans.We highlight the need for rapid execution of estate plans in response to possible reductions in gift tax exemptions and the impact of rising interest rates.The discussion outlines the ideal client for these advanced estate planning techniques—individuals or couples with a net worth starting around $10 million.He unravels the synergy of the Optimized Gift Trust, combining various IRS-approved mechanisms to maximize a client's access and control while providing creditor protection and estate tax exemptions.Emphasizing the need for expertise in high-net-worth estate planning, we discuss the risks of working with less experienced attorneys.Jonathon shares his personalized approach to trust planning, including engaging with CPA firms, utilizing dynamic financial models, and the advantages of a flat fee structure for legal services.We invite listeners to join us at the upcoming HABU conference for in-depth discussions on these sophisticated estate planning techniques. LINKSShow NotesAbout Optimized Gift Trust GUESTS Jonathon MorrisonAbout Jonathon TRANSCRIPT (AI transcript provided as supporting material and may contain errors) Jeff: On this edition of the Advisory Accelerator podcast, we welcome back our friend, Jonathon Morrison, senior partner at Fraser, Ryan, Goldberg and Arnold, who's going to help us navigate the incredibly complex world of estate and gift tax and discuss the optimized gift trust and how his firm partners with CPAs to help their clients optimize their estate plans. Take a listen to learn more about what it takes to accelerate your firm's advisory practice. Well, hello again everybody. This is Jeff Palow, and I am the president of the Engineered Advisory family of companies and your host for the Advisory Accelerator podcast, a show that works to help CPAs become more advisory-minded in their practices. On today's show, I'm happy to welcome back our friend, Jonathon Morrison, who is a senior partner at Fraser, Ryan, Goldberg and Arnold, and he's going to help us continue to navigate the incredibly complex world of estate and gift tax planning. As CPAs, I'm sure you've had clients who have turned to you for advice in this incredibly complex area, so I'm looking forward to today's conversation. Jonathon, welcome back to the Advisory Accelerator podcast. Jonathon: Thanks, Jeff, I appreciate you having me. Yeah, today we're going to be talking about a really interesting solve, a turnkey solution for estate and gifts tax changes that are going to be occurring in about a year and a half, and so it's come a long way on this vehicle, but I think it's going to be a real help for a lot of your listeners. Jeff: Now the date that you just mentioned. There is the sunsetting of the ‘17 Tax Act, correct I think that expires January 1st of 2026. Jonathon: Yeah, that's really the kind of the urgency that a lot of the CPAs, a lot of the listeners, are going to be focusing on. We've gone through this a couple of times in 2012 and then in ‘20 and ‘21. And now again in ‘26, where it's use it or lose it. You've got these huge exemptions that you can use right now, at least temporarily, in terms of how much you can gift to your children during life or at death. Right now it's 13, about 13 and a half for a single person and 27 million dollars for a married couple. Those exemption amounts just 20 years ago were like a million dollars. George W took it up to three and a half or seven for a married couple. Obama took it to five and seven for a married couple. Obama took it to five and 10 for a married couple. Trump doubled it to 20 for a married couple. With inflation, we're all the way ...
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    36 mins
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