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 client relationships, team communication, and even vacations. Whether you're a business owner, a creative professional, or someone looking for a new way to manage your energy and attention, this episode offers a fresh perspective on staying intentional in your work—without the pressure of sticking to hard boundaries. 00:00 Introduction: The Truth About Setting Boundaries 00:31 Personal Struggles with Boundaries 01:30 The Concept of Focus Over Boundaries 02:14 Focus in Practice: Real-Life Examples 04:57 The Military Influence on Focus 08:31 Balancing Work and Personal Life 10:05 Conclusion and Final Thoughts 11:06 Outro: Stay Connected

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 crucial insights to protect your practice and clients. 00:00 Introduction to Today's Episode 00:29 The Florida Tax Fraud Case Unveiled 01:17 The Mechanics of the Fraud Scheme 02:32 The IRS Investigation and Legal Consequences 03:44 Key Takeaways for Accountants 05:30 Final Thoughts and Closing Remarks

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, and the crucial financial lessons this case offers to accountants and finance professionals. Tune in for a deep dive into the intersection of serious crime, digital finance, and tax enforcement! 00:00 Introduction to the Dark Web Drug Case 00:26 Unpacking the Case: Fentanyl and the Dark Web 01:22 The Money Trail: Following the Illicit Cash Flow 06:47 IRS Involvement: Why the Tax Agency is Central 10:19 Key Takeaways for Financial Professionals 15:03 Conclusion and Final Thoughts

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 boost productivity. 00:00 Introduction: Why Your Business Struggles with AI 01:10 Reason 1: Ignorance About AI 01:52 Reason 2: Fear of AI 03:05 Reason 3: Cost Concerns 03:28 Deep Dive: Overcoming Ignorance 03:44 Practical AI Use Cases 08:54 Addressing Fear: Job Security and AI 18:32 Cost-Benefit Analysis of AI Tools 21:32 Conclusion and Next Steps

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 these challenges and offer insights for business leaders facing similar obstacles. 00:00 Introduction: The 13-Month Break 01:07 Thanking Our Loyal Listeners 01:39 Identifying the Scaling Problem 06:07 Staffing Issues Uncovered 10:04 Client Success Challenges 13:30 Sales Pipeline Problems 17:07 The Need for a Strategic Plan 18:56 Conclusion and Future Episodes

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, this video will provide insights on choosing the right path based on your personal goals, temperament, and career aspirations. Watch the full replay on the NC CPA Society website! 00:00 Introduction: Accounting vs. Finance Debate 00:43 Recap of the Debate Highlights 01:13 Audience and Context 02:39 Accounting vs. Finance: Key Differences 03:52 Career Path Insights 04:37 Personal Career Stories 05:25 Investor Relations Experience 09:05 Skills for Finance Professionals 13:09 Balancing Accounting and Finance 18:32 Leadership and Team Development 20:15 Conclusion and Call to Action

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 the profession and what bankers and corporate finance professionals are looking for. Don't miss our insights on the future of accounting and finance, and join us at the upcoming Business and Industry Conference in Greensboro, NC! 00:00 Introduction: The Changing Landscape of Accounting 00:27 Debate: Finance vs. Accounting 01:08 The Importance of Both Fields 02:11 Reflecting on Five Years of Change 07:21 The Role of Technology in Finance and Accounting 09:02 Upcoming Conference and Final Thoughts 11:06 Conclusion and Call to Action

Accounting is the steak. Finance is the pitch | Agree or Disagree? Both are vital—but one might be more future-proof than the other. 🔥 Accounting Builds the Steak. Finance Sells It. | Agree or Disagree? 📍 June 4 | Greensboro, NC | NC CPA Business & Industry Conference Join me and Chris Word for a no-fluff, all-facts debate about: ✅ Why 60%+ of CPAs are near retirement. ✅ Whether accounting is still the “core” of the profession. ✅ How finance is taking the wheel in growth, valuation & funding. ✅ And how technology is bridging—or widening—the gap. 🎤 Team Finance vs. Team Accounting We’ll let the audience decide. 👇 Watch the clip. Then tell us in the comments: Agree or disagree? #CPAConference #AccountingVsFinance #NCBusinessLeadership #DataDrivenDecisions

Bench Accounting Shuts Down: Immediate Steps for Small Business Owners This episode informs small business owners about the sudden shutdown of the Bench accounting app, leaving over 11,000 businesses without an accounting solution. The video emphasizes the urgent need to download financial data and find a reliable bookkeeper quickly. Key tips for selecting a new bookkeeper are discussed, and the TL Turner Group's services are recommended as a dependable alternative. The closure's impact on Bench employees is also acknowledged. 00:00 Urgent News: Bench Drops All Customers 01:12 Immediate Actions to Take 01:45 Finding a Reliable Bookkeeper 02:06 Key Considerations for Choosing a Bookkeeper 02:58 The Busy Season for Accountants 03:37 Final Thoughts and Support 04:20 Conclusion and Call to Action

Today I interviewed a 24 year-old that is starting one of his most exciting opportunities and here is what he told me: 1) A year ago no one could have told him that this kind of opportunity could be a reality for his life 2) The accounting course that I created made things so clear and simple that it gave him the confidence that he needed to ACE his interview 3) Thank you Mr. Turner and course careers because this is a special thing Now here is the backstory: Last year someone asked me "is it possible to get a job in the field of accounting if you don't have a college degree." I said it should be and starting working with Course Careers to create a "Start Your Career In Accounting Course" Today a graduate of my course told me his story and it went like this: 1️⃣ "I'm a first generation immigrant born in the US with no college degree" 2️⃣ "I only have a few years of experience of working in in the fast food industry" 3️⃣ After your class I landed my first job in accounting making more money than I ever have and I'm excited about my future Side note: his starting salary with no degree and no student loan debt is more than my starting salary was and I had 2 college degrees and student loans debt. I am so happy for this young man and the future that he just stepped into, if you are interested in checking out my course see the link in the comments below.

💥 RECAP Intuit Connect 2024 – ❸ full days of ... ✔️ Learning. ✔️ "Connecting" ✔️ Inspiration. It was a boiling pot of powerhouse accounting professionals and industry leaders who had all come to explore Intuit's latest solutions all while learning, connecting and inspiring each other.  Between the day sessions and evening gatherings, there was so much to absorb – I had to pace myself to make the most of it all! Here are a few highlights: 🟢Speaking Opportunity🎤  I had the privilege of leading two sessions and connecting with so many engaged attendees:     ✴️How to Turn Common Bookkeeping Tasks into Profitable Growth Services 📈     ✴️Marketing for Accounting Firms 💡 It was a pleasure to share my insights, but the best part? Learning from the incredible experience and knowledge of the audience! 🟢Networking & Connections👥  Beyond the sessions, the networking was top-notch. I caught up with old friends and met some brilliant new minds.  The evening events added a perfect balance of relaxation and relationship-building. 🟢Takeaways and Inspiration📚  From new strategies to inspiring conversations, Intuit Connect reminded me why I’m passionate about helping firms grow.  Excited to apply these insights to make an even greater impact! Thank you to everyone who attended, connected, and shared their insights with me. 🙏 Until next time! #IntuitConnect2024 #AccountingCommunity #Networking #QuickBooks #GrowthMindset #LearnAndLead #FinanceLeadership

Here's how you can leverage the power of advisory services in your business ... Advisory services can bring tremendous value to your business, but the challenge often lies in knowing where to start and how to deliver that value effectively to clients. That’s why I’m excited about ADP’s Revenue Share Program—a game changer for accountants who want to step up as trusted advisors. Here’s what ADP’s program offers: ✅Expert Insights: Keep ahead of evolving employment laws, benefits, and tax credits with up-to-date resources. 🔍 ✅Advisory Tools: Access cutting-edge tools and support to turn complex regulations into clear, actionable advice. 📈 ✅Enhanced Services: Add more value to your clients by offering expert guidance, supported by ADP’s comprehensive resources. 💼 ✅Revenue Boost: Increase your income while strengthening client relationships and expanding your service offerings. 💰 Joining ADP’s program means you get access to the tools and support you need to make advisory services more effective. The complexities? Simplified. The opportunities? Endless. Ready to take your firm to the next level? Click the link to explore how ADP’s Revenue Share Program can help you become the advisor your clients need. Link: ADP’s Revenue Share Program - https://tinyurl.com/2v87d6p5 💬 What’s your biggest challenge in offering advisory services? Let’s discuss in the comments below! 👇 --- Program terms & conditions apply. See website for details. --- ADP and the ADP logo are registered trademarks of ADP, Inc. --- Explore More: • 🔗 [Facebook] https://tinyurl.com/49vuxn33 • 🔗 [Instagram] https://tinyurl.com/47246sze • 🔗 [LinkedIn] https://tinyurl.com/4x7ubzdu