Advisory Services Unlocked with Jason Stine

In this episode of the Canopy Practice Success Podcast, Jason Stine joins us with his knowledge as an experienced tax and accounting professional. We discuss Jason's background, including his 25 years in the industry and recent transition to consulting for firms wanting to move towards advisory services. The conversation delves into the benefits and challenges of shifting to a subscription-based model, especially for firms with an established client base. They also touch on the current trends of retirements among older CPAs and how younger generations can prepare for leadership roles by adopting new technologies and streamlining workflows.

Three Main Ideas:

1. The Shift to Advisory Services

Many accounting firms still operate under a compliance-focused, billable-hour model that limits efficiency and profitability. Jason discusses how transitioning to advisory services can increase revenue and create more value for clients.

2. The Talent & Succession Planning Challenge

The accounting industry faces a major talent gap, with many CPAs on the brink of retirement and fewer young professionals entering the field. Jason emphasizes the importance of succession planning, adopting new technology, and streamlining processes to ensure firms remain competitive and attractive to future leaders.

3. The Role of Technology & Client Expectations

Today’s clients and employees expect efficiency, and transparency. Jason stresses that firms stuck in outdated, manual workflows risk losing both talent and clients. He explains how implementing the right technology can improve client experience and reduce inefficiencies.

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