Nancy McClelland CPA
The Dancing Accountant
Chicago, Illinois, United States
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With her CPA firm The Dancing Accountant, Nancy has been on a lifelong mission to support small businesses and their communities – as well as educate the professionals who serve them. Known for her fun, personal and direct style, it’s no surprise she insists that the future of accounting is built on relationships.
She’s currently working on creating an “ask me anything” community for bookkeepers who want to learn more about preparing tax-ready books, collaborating with CPAs, booking complex accounting transactions, and breaking into advisory services.
Named one of the Top 100 ProAdvisors by Insightful Accountant, as well as one of Ignition’s Top 50 Women in Accounting, she writes an award-winning blog with insights and resources for business-owners and accounting professionals, and is an engaging speaker… and 60’s go-go dancer!
Area of Expertise
Topics
Boldly Share: How Top ProAdvisors Build Stronger Practices By Asking For Support
Do you sometimes feel you're the only one who doesn't have it together? When you procrastinate, what is it you're putting off? Is there a part of running your business you’re embarrassed to admit you just can’t stand?
If so… would it surprise you to find out that leaders in our field routinely struggle with similar shortcomings and self-doubt? Hear frank stories of personal weak spots from top ProAdvisors and ask about their strategies for moving past them. Learning that you’re not alone can help you confront your weaknesses, amplify your strengths, and bypass your roadblocks to success.
This panel of accounting superstars has agreed to be bold: going into uncharted territory by confessing their struggles to us – and recognizing that being vulnerable enough to share their fears is what ultimately helps address them.
S-Corp Reasonable Compensation – Boldly Forging a Path to Advisory
Reasonable compensation for company owners is often misunderstood, yet can have very real implications for your clients and you. Helping clients who are shareholder-employees take and document appropriate compensation can save them thousands of dollars in taxes, as well as protect them from severe penalties. Just as importantly, adding RC analysis to your practice increases advisory revenue and the value of entity choice engagements.
And it’s not by any means limited to tax preparers – bookkeepers and accountants can expand their practices to include RC… and in fact, may be much better-suited for it, given their ongoing personal interaction throughout the year.
We’ll explore key court cases and IRS guidelines -- debunking common myths on how reasonable compensation should be calculated, and replacing them with facts and IRS methodologies to stress-test your numbers. Be the hero your clients need you to be! Boldy step forward and attend this session! You got this.
The Tax-Ready Bookkeeper
Why learn about tax? Bookkeepers are intricately involved in business operations, well-positioned to catch important issues before tax-time, and often know details about a client’s situation the CPA may not think to ask. By learning just a few tax tips and tricks, you can add value, lean into advisory, and boldly lead your clients where they need to go!
You are the "final frontier" when it comes to addressing topics that are brought up too late if clients wait to talk to their CPAs at tax-time. And you might also have insider knowledge that could help the client that a CPA wouldn't necessarily think to ask about, like plans for expansion or stepping away from the helm. Learning a few things about taxes can add value and allow you to charge more – and be a shining star.
As a bookkeeper, you have unique insight into your client’s universe. By going beyond the numbers and mastering these tax essentials, you will be able to explore new opportunities for your clients and yourself. Expand your services and increase your value and income. Excel in your profession by staying updated on the latest tax rules and best practices and building strong relationships with CPAs and clients. This session will help you launch your bookkeeping career out of this world!
Scaling New Heights®️ 2024 Sessionize Event
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