In episode, Jeff Phillips, CEO of Padgett and founder of AccountingFly, joins Roger Harris and Annie Schwab to discuss the challenges of recruiting and retaining talent in the accounting industry. They explore innovative solutions including remote work, offshore talent, and domestic freelancers as part of a new "talent stack" for firms. The conversation covers practical strategies for attracting candidates, evaluating talent, and building effective remote teams, offering valuable advice for accounting firm owners struggling with staffing issues in today's competitive job market.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips

• (00:00) - Federal Tax Updates Episode 35
• (02:19) - Introducing the Expert Guest: Jeff Phillips
• (03:48) - Global and Industry-Specific Hiring Challenges
• (06:02) - The Importance of Flexibility and Remote Work
• (08:40) - The Value Proposition for Accounting Firms
• (13:43) - Strategies for Effective Recruitment
• (25:16) - Building a Modern Firm for the Future
• (31:08) - Morning Routine for Business Success
• (31:28) - The Pitfalls of Reactive Hiring & Effective Screening
• (32:58) - The Importance of Selling to Top Candidates
• (38:23) - Leveraging Offshore and Freelance Talent
• (46:08) - Managing Remote Teams Effectively
• (53:03) - The Future of Hiring in Accounting

Connect with Jeff Phillips
https://www.padgettadvisors.com/our-team
https://www.linkedin.com/in/jeffaccountingfly

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
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Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

This episode of the Federal Tax Updates Podcast explores recent changes in employment law that impact small businesses. Hosts Roger and Annie discuss new overtime rules, including updated salary thresholds for exempt employees, as well as guidelines for hiring family members and the benefits of doing so. They also cover recent developments in non-compete agreements and offer advice on protecting client relationships. Throughout the episode, the hosts emphasize the importance of accountants providing comprehensive advisory services to small business clients beyond just tax advice.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips

• (00:00) - Welcome to Federal Tax Updates
• (01:49) - Small Business Issues Overview
• (03:11) - Employment Concerns for Small Businesses
• (05:59) - Fair Labor Standards Act (FLSA) Basics
• (08:46) - State vs. Federal Minimum Wage
• (12:41) - Overtime Rules and Exemptions
• (29:24) - Salary Adjustments and Overtime Considerations
• (29:58) - Impact of Political Changes on Labor Regulations
• (30:23) - Understanding Exemptions: Administrative, Executive, and Professional
• (31:18) - Outside Sales and Computer Employees Exemptions
• (33:31) - Joint Employer Standards and Franchisee Concerns
• (36:57) - Child Labor Laws and Hiring Your Own Children
• (42:54) - Non-Compete Agreements and Employee Retention
• (51:07) - Upcoming Podcast and Future Topics

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

In this episode, Roger and Annie dive into the world of IRS notices. They discuss the most common types of notices, like the CP2000 matching notice, and share strategies for responding effectively. They also highlight the benefits of setting up online accounts with the IRS for tax practitioners and taxpayers and provide tips for spotting potential IRS scams. Tune in for valuable insights on navigating IRS notices with confidence and clarity.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips

• (00:00) - Federal Tax Updates Episode 33
• (01:11) - Introduction and Summer Plans
• (02:07) - Understanding IRS Notices
• (06:47) - CP2000 Notices Explained
• (20:12) - Responding to IRS Notices
• (27:09) - Strategies for Handling Tax Penalties
• (28:55) - Importance of Timely Responses to IRS Notices
• (30:59) - Mailing Issues and Certified Receipts
• (33:01) - Setting Up and Using IRS Online Accounts
• (40:09) - TaxPro Accounts and Future Enhancements
• (43:11) - Scams and IRS Communication Guidelines
• (45:28) - Summer Tax Planning Tips
• (48:06) - Current Issues: ERC and Beneficial Ownership
• (51:56) - Conclusion and Final Thoughts

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.