Summit CPA's Virtual Accounting Blog
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At Summit CPA, we offer virtual CFO and 401k audit services to small and medium-size businesses who aren't ready to hire a full-time CFO but can benefit from strong, experience-driven processes. Our mission is to help clients maximize profits, minimize taxes, and build personal wealth.
Summit CPA's Virtual Accounting Blog
1w ago
At any size and level of growth, long-term financial strategy and day-to-day financial monitoring are vital to the health of a business. Failure to conduct due diligence in finance and accounting most especially impacts the long-term performance of small businesses and start-ups. However, being able to afford a CFO or a Financial Controller, or both, is one of the largest factors preventing businesses from hiring these vital finance roles.
We will briefly cover the key differences between a CFO and a Financial Controller, then evaluate at what point in the growth of your business either servi ..read more
Summit CPA's Virtual Accounting Blog
1w ago
As a hybrid firm, not only do we serve our clients remotely, but our team members are often distributed as well. We understand the accounting, bookkeeping, cash flow management, and tax nuances of running a distributed company. We pride ourselves on our ability to provide the highest quality Virtual CFO services while being hybrid, and we couldn't do any of it without our amazing team.
Every month we spotlight one of our employees so you can get to know us better. This month we bring you James Enney. James has been with Summit for 3 years. He is a Virtual CFO here at Summit.
Here ..read more
Summit CPA's Virtual Accounting Blog
1w ago
Creative Agency Success Show Podcast Episode 114 ..read more
Summit CPA's Virtual Accounting Blog
1w ago
Modern CPA firms have moved beyond the repetitive bookkeeping that characterized their work in the past. Programs like QuickBooks and Intuit have made it possible for non-accountants to do basic bookkeeping. However, as Roger Knecht of the Universal Accounting Center explains in an interview on the Modern CPA Success Show, “accounting is the analysis.” And analysis is what makes business owners need to make intelligent decisions.
Knecht breaks down the three core services offered by modern accounting firms ..read more
Summit CPA's Virtual Accounting Blog
2w ago
Creative Agency Success Show Podcast Episode 118
In this episode of the Creative Agency Success Show, Jamie and Jody welcome Jack Skeels, CEO of Agency Agile and author of Unmanaged. Jack shares his deep expertise in agency management, offering nuggets on how to unmanage your agency and why layer cakes make a healthy organization. They discuss the complexities of marketing agency management within growing service-based agencies. Lastly, the conversation covers the problems of having too many managers, the shift from department to matrix management, and the importance of a flat organizational ..read more
Summit CPA's Virtual Accounting Blog
2w ago
Anyone who registers for an IRS Preparer Tax Identification Number (usually abbreviated as PTIN) is authorized to prepare taxes for compensation. The requirements are minimal: In order to obtain a PTIN, the applicant must verify with the IRS that they are in compliance with their own taxes and pay a small yearly fee ($19.74 in 2024).
While the IRS encourages non-credentialed tax preparers to increase their knowledge through continuing education, doing so is optional.
A PTIN authorizes the holder to do one specific thing: prepare taxes for compensation. Without additional credentials, the PTIN ..read more
Summit CPA's Virtual Accounting Blog
3w ago
I love sales. It was one of my first jobs before I went into accounting, and it was the hat that was hardest to give up when I grew my business.
But so many business owners hate it. They find it unnatural, awkward and ineffective.
That’s why I couldn’t agree more with Diane Helbig, internationally recognized business and leadership development advisor, when she says in a recent podcast interview, “Stop selling, because sales doesn’t work” – in the traditional sense of the word, that is.
Back in the day, before the internet, consumers didn’t have a choice. They needed a sales ..read more
Summit CPA's Virtual Accounting Blog
3w ago
A Conversation with SEO Optimizer’s Brandon Leibowitz
Can you imagine ranking at the top of a search results page within a week of launching a new business?
That’s what happened in the early 2000s when we started offering virtual CFO services.
The catch?
Back then, very few people were searching for those keywords because we essentially invented the concept and decided on a name.
As virtual CFO services got more popular, we had to up our SEO game. To stay relevant, that meant blogging almost daily for years and, eventually, adding in other channels including video, soc ..read more
Summit CPA's Virtual Accounting Blog
1M ago
Virtual CPA Success Show Podcast Episode 110
Before you indulge on turkey and pumpkin pie this week, join us in reliving some of our favorite guests and business insights from 2023! In addition to sharing their Thanksgiving traditions Joey Kinney and Hannah Hood fill in to introduce highlights from previous episodes of the show. In this “best of” feature, you’ll catch advice from agency owners and thought leaders, such as David C. Baker and Tom O’Neil. Topics discussed range from AI and marketing to challenges of agency burnout and the value of lifelong learning in business.
  ..read more