Artwork for podcast The Concierge CPA
53 - How To Go Global with Nick Sinclair of TOA
Episode 533rd October 2024 • The Concierge CPA • Jackie Meyer
00:00:00 00:40:45

Share Episode

Shownotes

4:04 Rob Nixon - who coaches accounting firms

6:44 Where are the offices of TOA Global? How did you decide where to put offices?


10:10 In Entrepreneurs' Organization (EO), you can only give advice if you've actually lived that experience before - good or bad. But you cannot give advice if you've never done it.


10:21 With outsourced functions, what all do ya'll provide? What are accounting firms kind of demanding or really needing right now? What's in high demand?


12:17 What are your thoughts around advisory and how much accounting firms - financial advisors...do you help support that transition towards advisory as well?


15:17 In the U.S., you just throw CPA or EA in a bucket and the client just assumes they do everything, and to me I feel like there should be some more oversights


16:34 Why do firms need to outsource, and what is this kind of crisis that we're in right now?


20:02 A lot of the bigger firms are already outsourcing. Some successfully. Some not. Where is it going wrong, versus how you found it to go right?


22:18 Tell me a little more specifics about how your process works. So, I come to you and I say "Hey, I need a bookkeeper." Do you go find that talent that has the experience level that I'm asking for?


23:10 Who would not be a good fit for outsourcing?


30:40 The role of AI: Are the services and work that you're supplying - is it going to change drastically?


32:32 What would you say is the biggest problem that smaller accounting firms face today?


34:10 Dan Martell, Author of Buy Back Your Time - https://www.BuyBackYourTime.com


37:11 Accounting firms need to be inspirational


39:10 Shirley Koss at TOA Global: https://www.linkedin.com/in/shirleykoss


🔗 Connect with Nick Sinclair

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


🔗 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


---------------

In this episode of The Concierge CPA, Jackie Meyer sits down with Nick Sinclair, Founder and CEO of TOA Global, to explore the benefits of outsourcing and how it can help accounting firms scale efficiently. Nick shares his journey from running his own financial planning firm to founding one of the largest global outsourcing firms for accounting professionals.


Nick discusses how to go global with your accounting firm and why outsourcing accounting tasks can help firms overcome the talent shortage and increase capacity. He emphasizes that outsourcing goes beyond just reducing workload—it frees up time for firm owners to focus on higher-value services like tax advisory.


A significant takeaway from the conversation is Nick’s insight into the cultural nuances of working with global teams, particularly in the Philippines, and the importance of integrating these teams into your firm’s culture. He explains how outsourcing has shifted from simply offloading tasks to developing long-term relationships with team members across the globe.


The episode also delves into strategies for successful outsourcing, including setting clear goals, ensuring effective communication, and creating a leadership mindset that fosters collaboration. Whether it’s bookkeeping, tax preparation, or client advisory services, outsourcing allows firms to leverage global talent to maximize efficiency and growth.


If you’re looking to scale your firm, learn how to outsource accounting tasks effectively, and understand the benefits of a global workforce, this episode offers practical tips on how to navigate the transition.


Tune in to learn more about how outsourcing can elevate your firm’s services and provide a competitive edge in today’s fast-changing industry.

Links

Chapters

Video

More from YouTube

More Episodes
53. 53 - How To Go Global with Nick Sinclair of TOA
00:40:45
52. 52 - How to Thrive as an Entrepreneur While Full-Time RVing, Homeschooling, and Going Fully Virtual
00:49:36
51. 51 - How to Find An Amazing Tax Advisor and Save $100k Plus in Taxes Per Year | Sponsored by TaxPlanIQ
00:48:06
50. 50 - How To Publish a Book in 6 Weeks With Paul G. McManus | Sponsored by TaxPlanIQ
00:56:18
49. 49 - Lessons from Gaynor Hardy's Marketing Journey
00:44:21
48. 48 - Alton Bell: His Family's Success Story in Entrepreneurship and Accounting Firm Growth
00:48:36
47. 47 - The Evolution of Amber Setter: A Story of Transformation and Leadership
00:48:02
46. 46 - Breaking Boundaries: CPAs Turned Innovators Tom Zehentner and Jesse Rubenfeld
00:50:17
45. 45 - The Growing Field of Cannabis Accounting: Challenges, Opportunities, and Advocacy
00:45:21
44. 44 - Diverse Services, Trusted Relationships: Alexandra Constance on Unison Globus' Commitment
00:42:03
43. 43 - Strategies for Success: Julie Smith's Tips for Operational Efficiency and Revenue Growth
00:51:47
42. 42 - The Future of TaxPlanIQ: A Conversation with CEO Dave Lukas
00:41:55
41 - Charting the Future: The Unofficial QuickBooks Accountants feat. Hector and Alicia"
00:51:11
40 - Mastering the CPA Game with Mike Payne
00:42:16
39 - A Deep Dive into Defined Benefit Plans with Financial Guru David Podell
00:46:00
38 - Pricing With Purpose with Geraldine Carter
00:44:18
37 - Bottoms Up - Raising the Bar With Seth David
00:47:27
36 - #TaxTwitterRetreat: Insights from Mary McDonald and Brian Streig
00:44:08
35 - A Fireside Chat with Forbes' Tax Girl, Kelly Phillips Erb
00:58:38
34 - Bridging the Gap with Tri-Merit's Randy Crabtree
00:38:05
33 - Accounting Highs and Lows With Visionary Scott Scarano
00:37:15
32 - The AI Thinktank with Randy Johnston and Brian Tankersley
00:47:55
31 - A Journey Of Faith in Finance with Keith Conley
00:53:48
30 - How to Hire a Tax Planner
00:32:13
29 - The Secret Behind the Top 1% Accounting Firms
00:47:58
28 - Don't Drop Your Balls: The Art of Prioritization
00:31:42
27 - Exploring The New Horizons of AI in Accounting with Scott Scarano, Randy Johnston, Kelly Mann, Jeremy Wells, and Jessica Smith
00:56:39
26 - Exploring AI Integration and Personalization in Accounting with Rob Brown, Chris Hervochon, Patrice Malloy, and Jason Staats
01:01:05
25 - 5C's (From Cannabis to Crypto) You'd Never Put Together with Crystal Wampler
00:43:58
24 - Charting the Future of AI in Accounting with Darren Glanville, Ed Kless, Donny Shimamoto, and Shannon Weinstein
00:56:10
23 - Being Present with Mariette Martinez and Misty Megia
00:50:42
22 - The Journey to Tax Accounting Services with Platinum Book Keeper's Tania Santos
00:41:48
21 - The Credit Guy with Tri-Merit's Randy Crabtree
00:49:02
20 - The Accounting Titan with GO CPA's Greg O'Brien
00:56:45
19 - The Royal and Wise Queen of QuickBooks with Royalwise's Alicia Pollock
00:46:41
18 - Hoping for a Secure Future with Donny Shimamoto
00:49:17
17 - The Process Guy with Hall CPA PLLC's Brandon Hall
00:51:15
16 - Behind the Curtain with Realize's Jason Staats
00:40:40
15 - She Who Cares with Jones Taxing and Financial's Shanita Jones
00:46:39
14 - The Heater with Lorilyn Wilson
00:48:34
13 - The Social Butterfly with JWellsCFO's Jeremy Wells
00:36:46
12 - An attorneys insight on ERC and the IRS with Moskowitz LLP's Steve Moskowitz
00:24:38
11 - Driving Efficiency through Discipline with Chuck Bauer
00:28:09
10 - Examples of Integrating Faith in Work with EIL's Joe Petersen
00:27:00
9 - Being Kind and Honest with Alex Meyer
00:10:25
8 - Time For Change with Martha Krejci
00:28:06
7 - Pairing Solutions with Protea Financial's Zane Stevens
00:37:06
6 - Redeeming Your Time with Jordan Raynor
00:50:03
5 - See Beyond The Numbers with Accounting and Taxes Corrin Woodard
00:30:23
3 - When To Start Your Business with DLD Accountancy's Dennis Duban
00:37:45
4 - Dream Bold with Tatiana Tsoir
00:34:07
2 - Just Do It with Small Business Tax Savings Podcast's Mike Jesowshek
00:30:07
1 - The Concierge CPA with Jackie Meyer
00:11:56