The Finance & Accounting Show

Episoder

• Why Patience is Key to a Successful Marketing Strategy 22.08.2025 10min

  Why Patience is Key to a Successful Marketing Strategy In this episode, Terrell discusses the importance of patience and consistency in building an effective marketing strategy. He shares a personal analogy of planting a garden to illustrate how growth takes time – similar to developing a solid brand and customer base. Terrell provides insights on how he adapted his marketing efforts during the COVID-19 pandemic, shifting from working with restaurant owners to focusing on law firms. He empha...
• Why I Choose Focus Over Boundaries in Business 05.08.2025 11min

  In this episode of The Finance and Accounting Show, Terrell A. Turner, CPA shares a candid take on why he doesn't follow the traditional advice of setting strict boundaries in business. Instead, he explains his personal approach—extreme focus—inspired by lessons from his military upbringing. Terrell dives into how this focus-driven mindset helps him manage priorities, protect his time, and stay productive without rigid rules. He also offers real-life examples of how this method plays out in c...
• Spotting Red Flags: A Tax Fraud Investigation Insight 17.07.2025 6min

  In this episode of the Finance and Accounting Show, we dive into a real-world tax fraud case involving Steven T. Mellinger III, who conducted a $106 million fraud scheme over nearly a decade. Learn how the IRS uncovered this massive scam, the mistakes that were made, and the key red flags accountants and firm owners need to watch for. Our AI hosts, Fin and Ally, break down the details and share practical tips for safeguarding your finances and staying compliant with tax laws. Don't miss these...
• Tax Tea: How the IRS Cracked a Dark Web Fentanyl and Crypto Money Laundering Ring 10.07.2025 16min

  Welcome to the Finance and Accounting Show! In the first episode of our weekly 'Tax Tea', we delve into an official IRS press release detailing a dark web drug case involving fentanyl, cryptocurrency, and money laundering. Discover how the IRS Criminal Investigation (IRS-CI) unit played a pivotal role in unraveling this operation by following the money trail. Learn about the methods the criminals used to launder money through crypto mixers, the multi-agency task force spearheaded by the IRS, ...
• Mastering AI: Three Key Barriers and How to Break Them 08.07.2025 23min

  In this episode, we discuss the top three reasons why businesses fail to successfully implement AI. These reasons are ignorance, fear, and cost. We provide practical examples and solutions for overcoming these challenges, including how AI can improve processes, help with hiring, and enhance marketing strategies. We also address common fears about data security and job loss, and offer insights into the cost of AI tools. Tune in to learn how to effectively integrate AI in your business and boos...
• Why We Took a 13 Month Break 01.07.2025 22min

  In this episode, we address why we had to take a 13-month break from our podcast to focus on fixing significant scalability issues in our business. Despite our steady growth, problem-solving demands outpaced our expansion, signaling a critical need for reevaluation. We delve into the areas of staffing, client success, and sales pipeline problems and emphasize the importance of strategic planning to sustain growth. Stay tuned as we share the transparent journey of identifying and resolving the...
• Navigating Professional Careers: Accounting versus Finance at NCCPA 07.06.2025 21min

  In this episode, we delve into the debate between Accounting and Finance that took place at the North Carolina CPA Society Business and Industry Conference. Terrell A. Turner, CPA and Chris Word, CPA discuss the distinct paths and benefits of each field, drawing from their professional experiences. They explore the key highlights of their careers, discuss the hiring roadmap from education to CFO roles, and the importance of understanding both disciplines. If you’re torn between accounting and...
• Finance vs Accounting: Which Path to Choose? 04.06.2025 11min

  In this episode of the Finance and Accounting Show, we dive into the evolving landscape of accounting and finance. With over 60% of CPAs nearing retirement and new technology changes impacting the industry, we discuss whether finance is becoming more favorable over accounting. Our hosts Terrell A. Turner, CPA and Chris Word, CPA reflect on their experiences over the past five years, emphasizing the need to understand both fields. We'll also talk about how technology like ChatGPT is changing t...
• 4 Questions to Skyrocket Accounting Success 12.04.2024 17min

  These 4 questions will help you grow a more successful business. Each week we have the opportunity to share a question of the week and during March, we focused on some of the most critical topics that every firm should consider if they want to grow. Here are the four topics that we discussed 1) Firm Goals, 2) Your Strategic GPS, 3) Your Pricing Strategy, and 4) Your Capacity Analysis. In this episode of the podcast, I share our tips and the tips that came from our amazing audiences of thousan...
• What's Next in Accounting? Unveiling Secrets to Firm Innovation and Success 08.03.2024 24min

  Why are you arguing over pricing? Here is the thing Accounting Firms should never have to argue over pricing when it comes to working with your clients. Now if you do find yourself in a bit of a back-and-forth over pricing this conversation with Arun Mehra could be very helpful for you. Check out our YouTube page for the video version of this podcast: https://www.youtube.com/@thefinanceaccountingshow2679 ============= Connect with Us: Instagram: https://www.instagram.com/businesstalklibrar...
• Double Your Accounting Firm's Revenue in Just 12 Months 01.03.2024 17min

  Feeling stuck with your accounting work? You're not alone. Many accountants and firms are looking for a change. This video cuts straight to the chase, showing you how to get back on track and grow your business in 2024. We'll share a straightforward strategy that helped us move from $350K to aiming for $600K in revenue. It's not magic; it's about making smart decisions, focusing on what works, and finding the right clients. If you're an accountant, part of an accounting firm, or offer CFO se...
• Strategies for Effective Leadership in Accounting Firms 23.02.2024 27min

  Can a business really create a balance between value for the company and value for the staff? In light of mass company layoffs, social media chatter, and several published articles it appears that many organizations are struggling with doing what is right for the business vs doing what is right for their people; but should this really be a conflict? We sat down with a veteran business owner and leader Dan Luthi to hear his take on this topic and to dive into some of the ways that Ignite Spot ...
• The Hidden Influence of CFOs in Shaping Business Futures 09.02.2024 21min

  Why are so many businesses being destroyed by the silent killers? When it comes to starting, growing, or maintaining a mature business, the worst thing that you can do is ignore your risk, because if you do these risks will become the silent killers of your business. Most people tend to think about the obvious risks but the truth is that the most dangerous risks are the ones that most people don't take the time to consider. This is why it was so great to sit down with Top CFO Josh Greenbaum a...
• Business Lessons from Paris Experience + Other Updates 23.11.2023 42min

  Exploring Unique Insights: Business Lessons from Terrell's Paris Trip Discover Fresh Perspectives: Applying Lessons from Paris to Enhance Your Business Get ready for a distinctive twist in this episode. Terrell has just returned from Paris, and we're excited to share the invaluable business lessons he gained from this experience. Learn how you can implement these insights to elevate your business's performance. For the complete immersion into these transformative insights, watch the full v...
• How to Make Good Data Driven Business Decisions 21.11.2023 50min

  Data-Driven vs. Emotion-Driven Business Decisions: Striking the Balance Empower Your Business: Leveraging Data for Informed Decision-Making Are your business choices guided by intuition or data-backed insights? Are you assisting your clients in making choices driven by emotions or data? In this episode, we uncover three essential tools that your business can employ to facilitate prudent data-driven decisions. We also delve into the integral role that your accountant and finance personnel s...
• How is My Business Making Money But I Don't Have any Cash to Show For It? 16.11.2023 20min

  Unveiling the Mystery: Tracking Your Business Expenditure Answering the Age-Old Query: "Where is my Money Going?" One of the top queries we frequently address from our clients is, "Where is my Money Going?" The frustration is palpable - putting in substantial effort to generate revenue, only to find minimal cash in the bank at the end of the month. The answer lies in the paramount importance of cash flow. Here's how you can regain control: Gain a comprehensive understanding of your busine...
• The F*** Word in Accounting 14.11.2023 49min

  Honesty in Client Services: Unveiling the F*** Strategy Trend Exploring the Impact and Ethics of the F*** Strategy in Accounting and Bookkeeping Are you inadvertently misleading your clients? Lately, the F*** strategy has gained traction among accountants and bookkeepers as a means to expand their service offerings. But is this approach genuinely aligned with your clients' best interests? Share your insights below and delve into this week's episode, where we discuss the ethics and implica...
• The Perfect Balance Between Hiring At The Right Time and Not Waiting too Long to Hire 09.11.2023 48min

  Exploring the Impact of the $22/Hour Minimum Wage Announcement in California Stay Informed: The Latest Job Market News and its Relevance for Businesses The job market has surged into the spotlight, with recent news of California advocating for a $22/hour minimum wage rate. In our ongoing commitment to address the queries in the minds of business owners, we tackle questions like: "What does this signify for my business?" "Why should I be concerned?" Join us in this week's episode as we de...
• What Every Business Owner Should Learn from Peloton 07.11.2023 50min

  Learning from Setbacks: Business Insights from Peloton's Revenue Shift Discover Lessons from Peloton's Journey - Record High Revenue to a ~$1.2 Billion Loss @Peloton recently faced a substantial ~$1.2 Billion loss, a significant deviation from their projected forecast. But how does this story relate to you as a business owner? In this episode, we unpack the significance of: Analyzing Customer Spending Patterns Adapting and Forecasting Strategies According to Data Insights Unveil the compl...
• Use This Service to Vet Prospective Customers & Increase Your Bottom Line 02.11.2023 50min

  Optimize Customer Relations and Business Revenue with Complimentary Services Ensure Quality Customer Interactions and Boost Revenue Potential Avoid the headache of dealing with mismatched customers. While the saying goes, 'the customer is always right,' they might not always be the best match for your business. Imagine if there were a way to assess potential customers and simultaneously increase your business's revenue. Discover these advantages and more through the incorporation of comple...