Navigating CPA Shortages and Optimizing Tax Strategies with Matt Bontrager

Navigating CPA Shortages and Optimizing Tax Strategies with Matt Bontrager

In this episode, the hosts discuss the impending retirement crisis in the CPA industry with guest Matt Bontrager. With 70% of CPAs set to retire in the next decade, the episode explores the implications for firms and clients, highlighting the importance of strategic financial planning and tax management. Matt emphasizes the critical role of bookkeeping and the necessity for entrepreneurs to understand their numbers. The discussion covers the differences between traditional tax preparation and proactive tax strategy, the value of choosing a specialized advisor, and how technology facilitates better financial oversight. The episode concludes with insights into building meaningful relationships with CPAs and wealth managers to ensure long-term business success.

00:00 The CPA Retirement Crisis

00:37 Welcome to the Podcast

00:54 Introducing Matt Bontrager

02:11 The Importance of Bookkeeping

03:15 Building a Relationship with Your Finances

07:07 The Role of Technology in Financial Management

09:55 The Value of Tax Strategy

12:49 Choosing the Right CPA

15:35 The Future of CPA and Wealth Management

17:58 Connecting with Matt Bontrager

20:44 Final Thoughts and Farewell

Connect with Matt:

Website: https://truebookscpa.com/

Instagram: https://www.instagram.com/mattbontrager/