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Why Accountants Are Indispensable: Barbara Weltman

On behalf of the Accounting Influencers Broadcast Network, this is the “Influencers in Accounting” show, going live every Wednesday. Subscribing gets you deep dive interview with top authors, leaders, thinkers and performers in the accounting and fintech world. They’re all 30mins max so you can digest them ‘on the go’.

Episode 11. In today’s interview, “Why Accountants Are Indispensable: Barbara Weltman.”

Barbara Weltman is the founder of Big Ideas for Small Business, which publishes Idea of the Day® and the e-newsletter Big Ideas for Small Business®. Based in Vero Beach, Florida, she is an attorney, a trusted professional advocate for small businesses and entrepreneurs, and a prolific author of many important books for small business owners. She is also a guest blogger for several sites and creates continuing education programs for accountants and attorneys. She has been named one of the 100 Small Business Influencers in the US and serves on the advisory board for the Small Business & Entrepreneurship Council in the U.S.

Key takeaways from this episode include:

➳ what makes accountants essential to small business owners beyond the legal requirements of tax and bookkeeping

➳ why today’s small business owners struggle to handle their world without clear, unbiased advice from accountants

➳ the impact of globalisation and handling international transactions for business owners that requires specialist accounting knowledge

➳ some of the ways accounting professionals should be supporting small businesses beyond the tax and compliance work

➳ thoughts on logistics, inventory and supply chain issues that accountants must speak into for small business owners

➳ the different ways small businesses are defined according to the many stakeholders who support them

➳ the intricacies of business loans and why accounting advisors are best placed to help their clients make good funding decisions

➳ the benefits of tapping into a valuable network when business owners work with a well connected accounting advisor

➳ what business owners should be looking for in a suitable accounting professional and trusted advisor

➳ two reasons why a professional accounting advisor is worth investment from business owners

➳ warning signs for business owners who are not getting good value from their accounting advisors and so might need to move on

➳ when DIY accounting is okay for some business owners, but ultimately an accounting professional

➳ resources for business owners and their accounting advisors to work better together

➳ top tips for accountants, bookkeepers and CPAs to become more indispensable to their business clients

You can also check out this interview in video format on Youtube here:

https://youtu.be/RsXagJ19Vkc

Each morning year round, Barbara walks 5 miles along the historic Jungle Trail on the Indian River Lagoon (“An early morning walk is a  blessing for the whole day.” Henry David Thoreau) and heads up a book club in my neighborhood.

Find her on www.BigIdeasForSmallBusiness.com and @BigIdeas4SB plus:

https://twitter.com/BigIdeas4SB

https://www.facebook.com/BigIdeasForSmallBusiness

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

https://www.instagram.com/bigideasforsmallbusiness777/

https://www.youtube.com/user/BarbaraWeltman

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A reminder of 5 great shows in the Accounting Influencers Broadcast Network:

❶ Success in Accounting – MONDAYS. Our flagship main show featuring panels, highlights, combinations, panels, topics, live interviews and best ofs.

❷ Insights in Accounting – TUESDAYS. The best news, analysis, commercial awareness, news under microscope, podcast mentions and recommendations.

❸ Influencers in Accounting – WEDNESDAYS. Deep dive 1-1 interviews with leaders, experts, influencers from around the world.

❹ Best Practice in Accounting – THURSDAYS. Practice development, growth, management, consulting, examples, stories and practical here’s what works stuff for accountants, bookkeepers and the fintech/software people who serve them.

❺ UK Matters in Accounting – FRIDAYS. A UK focused show featuring UK related topics, news items, events and interviews.

Find them all on your preferred podcast app, platform or channel. Thanks for subscribing, sharing and listening!

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