In this episode of The Concierge CPA Podcast, Dr. Jackie Meyer interviews Dave Spence, founder of Tax-Free Tutors. They dive into advanced tax strategies, including the Life Insurance Retirement Plan (LIRP), and discuss how to create scalable accounting practices. Learn about overcoming industry challenges, identifying red flags in partnerships, and building tax-free income sources for the future. This episode is packed with actionable insights for accountants and financial advisors looking to elevate their services and plan for long-term success.

🔗 Connect with Dave Spence, CPA, CFP, CLU, PFS

https://www.linkedin.com/in/davespencecfp/

https://taxfreetutors.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie's work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com.

Join the TaxPlanIQ newsletter here ➡️ https://www.taxplaniq.com/newsletter-signup-listeners.

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In this episode of The Concierge CPA, Dr. Jackie Meyer sits down with Dave Spence, founder of Tax Free Tutors, to discuss innovative strategies for building tax-free wealth and addressing long-term financial security. Together, they explore the advantages of a Life Insurance Retirement Plan (LIRP), often referred to as a “Super Roth.” This strategy leverages after-tax contributions to create a tax-free income stream for retirement, offering benefits such as long-term care funding and legacy planning. Dave emphasizes the importance of diversification and using tools like LIRPs, Roth IRAs, and other tax-free options to shield wealth from the inevitable rise in tax rates driven by national debt and economic pressures.

Dave shares his journey from CPA to financial advisor, highlighting his passion for helping clients and professionals alike understand the power of tax-free wealth strategies. With debt levels surpassing historical highs and inflation on the rise, both agree that proactive tax planning is more critical than ever. They discuss key insights, including how tax brackets could dramatically increase in the coming decades, making it essential for individuals to secure tax-free income sources now.

For accounting professionals, the conversation offers valuable takeaways on integrating LIRPs into a broader accounting and financial growth strategy. Dave provides real-world case studies, showing how clients can turn significant contributions into decades of tax-free retirement income. They also touch on common misconceptions about life insurance and how modern LIRPs can be an efficient component of a well-rounded financial plan.

Whether you’re looking to enhance your accounting advisory services or secure your own financial future, this episode delivers actionable insights into long-term planning. To learn more about LIRPs and other strategies for tax-free wealth, listen to the full conversation and connect with Dave Spence on LinkedIn or visit Tax Free Tutors. Don’t miss out on practical advice to elevate your accounting firm and your clients’ financial well-being.

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In this episode of The Concierge CPA Podcast, Dr. Jackie Meyer interviews Divakar Vijayasarathy, CEO and founder of DVS Advisory Group. Divakar shares his inspiring journey from humble beginnings to leading a global firm, offering insights into overcoming challenges in accounting, building scalable practices, and fostering innovation. Learn how to approach partnerships, embrace cultural alignment, and redefine success in the accounting industry. Perfect for accountants, entrepreneurs, and professionals seeking actionable advice to scale their businesses and achieve growth!

00:03:32 Tell us a little bit about your background and where you are today.

00:06:41 How did you turn your life around after starting in challenging circumstances?

00:10:03 How much personal responsibility does one take versus relying on fate in life?

00:14:51 Who do you service with your company? Do you work only with high-net-worth clients or smaller firms as well?

00:16:28 What are the chronic challenges accounting firms face that impact scalability?

00:19:47 What makes DVS unique in its business approach compared to traditional accounting firms?

00:24:20 What red flags do you watch out for when partnering with firms?

00:26:12 What are the most important factors you consider in a partner's mindset?

🔗 Connect with Divakar Vijayasarathy

https://www.linkedin.com/in/divakar-dvs/

https://www.onedvs.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie’s work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

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In this episode of The Concierge CPA, Dr. Jackie Meyer sits down with Divakar Vijayasarathy, founder and CEO of DVS Advisory Group, to discuss scaling accounting firms, addressing industry challenges, and achieving sustainable growth. With offices in the U.S., Dubai, Singapore, and India, Divakar brings a global perspective to accounting firm growth and shares how his company has achieved over $200 million in annual revenue by aligning entrepreneurial vision with effective execution strategies.

Divakar highlights the need for accountants to transition from compliance-based services to value-driven advisory work, emphasizing that accounting firm growth depends on innovation, collaboration, and strategic alignment with government incentives. By integrating business services with tax advisory, DVS Advisory Group has created a model that transforms firms into value-creation engines, empowering accountants to offer comprehensive solutions beyond traditional services.

A key theme of the discussion is the role of mindset in an accounting firm growth strategy. Divakar stresses the importance of collaborative leadership and removing operational bottlenecks to unlock entrepreneurial potential. His approach to acquiring CPA firms focuses on empowering partners to scale by providing capital, leadership, and operational support. He encourages accountants to envision their firms as institutions, rather than practices, to foster long-term success and adaptability.

Jackie and Divakar also explore the intersection of technology and accounting growth. They discuss how AI and automation can alleviate compliance burdens, enabling accountants to focus on strategic advisory roles. Divakar explains why ownership models, talent acquisition, and execution control are critical factors for scaling firms and outlines how his team has leveraged these principles to achieve global success.

Looking ahead, Divakar predicts a transformation in the accounting profession, driven by a shift from transactional engagements to outcomes-based...

In this episode, Dr. Jackie Meyer sits down with Heidi Henderson to discuss how CPAs can implement cutting-edge tax strategies while managing heavy workloads. They dive into passive vs. active participation, strategic partnerships, and the latest audit trends. Whether you're a CPA or a business owner, this conversation is packed with valuable insights to help you optimize tax planning and elevate your practice!

00:10:06 How do CPAs practically implement complex tax strategies while managing overwhelming workloads?

00:10:29 How can accountants strategically offer new service lines without overwhelming their current operations?

00:11:39 What is the difference between passive and active material participation in real estate for tax purposes?

00:17:34 What role does strategic partnership play in enhancing CPA firms' service offerings?

00:18:00 What is the process for integrating a new tax strategy with minimal client disruption?

00:20:47 How can CPAs effectively reduce clients' income tax liabilities using innovative strategies?

00:30:02 What trends are you seeing in audits related to emerging tax strategies?

🔗 Connect with Heidi Henderson

https://www.linkedin.com/in/heidihendersonets/

https://engineeredtaxservices.com/

🔗 Connect with Dr. Jackie Meyer

Jackie's LinkedIn at https://www.linkedin.com/in/jackiemeyercpa

Jackie on Instagram @jackiemeyerCPA

Jackie’s work at https://www.jackiemeyercpa.com

This episode is brought to you by TaxPlanIQ:

https://www.taxplaniq.com

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In this episode of The Concierge CPA Podcast, Jackie Meyer, CPA, engages in an insightful conversation with Heidi Henderson, Executive VP at Engineered Tax Services (ETS). Heidi shares her journey from a traditional accounting career to her current role, where she focuses on creating innovative tax strategies and fostering strategic partnerships to help clients and CPA firms optimize tax outcomes. The discussion covers the evolution of accounting, the importance of advisory services, and trends shaping the future of the profession.

Heidi highlights her entry into tax consulting through her sister’s encouragement and emphasizes how ETS specializes in tax credits and incentives such as cost segregation, R&D tax credits, and energy-related tax benefits like 45L and 179D. These strategies provide substantial savings for businesses and real estate investors, with cost segregation standing out as a powerful tool to maximize first-year depreciation and overall tax savings.

A significant portion of the conversation focuses on the necessity of building strategic partnerships between CPA firms and specialty tax providers like ETS. Heidi explains that many CPA firms struggle to shift from compliance to advisory services, often due to staffing shortages and capacity issues. ETS steps in to assist firms with implementing scalable tax strategies, enabling CPAs to focus on higher-value client relationships. This partnership approach positions CPAs as trusted advisors while ensuring clients receive comprehensive tax planning services.

Audit trends also feature prominently in the discussion, particularly the detailed audit support ETS provides for tax strategies. Heidi emphasizes that cost segregation is not a red-flag item for the IRS and that ETS ensures compliance through meticulous documentation, including detailed asset breakdowns. This audit-ready approach allows firms to confidently offer tax-saving opportunities without fear of regulatory pushback.

As the industry embraces technology, Heidi underscores the balance between automation and maintaining the personal touch that clients value. While ETS integrates advanced systems to streamline processes, the firm remains...