Key Additional Income Streams for Accounting Firms

Introduction:

Welcome to a new podcast episode! In this session, Ganesh interviews Maggie Crowley, Head of Strategic Development at Leyton, a global tax consultancy on the topic of “Key Additional Income Streams for Accounting Firms”.

In this episode, you’ll cover:

• 02:37 Discussion on the complexity of the R&D Tax Credit: Maggie explains the research and development tax credit, there have been recent changes to the legislation, making it harder to qualify. This is where our team of experts can step in and handle the complex work for CPA firms and their clients.
• 10:51 Options for working with Layton: White labeling: Maggie says, by partnering with Leyton, smaller accounting firms can offer white label services to their clients without the need for additional resources or expertise. We provide both white-label services and direct client communication options, allowing CPAs to choose the approach that best fits their business.
• 11:43 Concerns about the shortage of CPAs and outsourcing trends: Maggie explains that the statistic presented was that 34% of CPAs left the industry last year i.e equated to like, 275,000 individuals.
• 16:16 Need for engineering team on R&D calls for better understanding: Maggie says, our engineering team is there on those calls so they can get a better understanding of where the potential R and D is.

Podcast Summary:

Learn about Leyton's flexible solutions for CPAs, offering both white-label services and direct client engagement. With a global presence in all 50 U.S. states and close to 40 offices worldwide, Leyton a range of services that accounting firms can use to generate additional income for their practice.

If you're an owner or partner of an accounting firm, this podcast offers valuable insights into Leyton's services, industry trends, and opportunities for your firm and clients.

Tune in for a deep dive into tax credits, cost segregation, energy credits, ERC, outsourcing options, and emerging trends in the accounting industry!

About our Guest:

Maggie Crowley is the Strategic Development Head at Leyton, a leading Business Services company founded in 1997. Based in Boston, she holds a key management position as Director and oversees strategic initiatives.

About our Host:

Ganesh Ranganathan is the President and founder of Integra Global, a leading accounting outsourcing company. Ganesh is a seasoned executive with more than 25 years of experience in the accounting outsourcing industry.

Ganesh is committed to creating a supportive work environment that fosters creativity and innovation, and he is passionate about delivering exceptional customer service in the accounting industry.