Roger and Annie open 2026 by reviewing the major provisions from the Big Beautiful Bill that will affect this tax season, including no tax on tips, overtime exemptions, senior deductions, and car loan interest. They shift focus to practice management essentials that often get overlooked, discussing how to set boundaries with clients, right-size your firm, avoid becoming a bottleneck, and build a sustainable business model that doesn't require working 90-hour weeks. The conversation covers everything from engagement letters and payment policies to contingency planning and post-season evaluation.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips

Links mentioned in this episode

Chapters

• (00:00) - FTU 67
• (00:37) - Overview of 2026 Tax Season Changes
• (02:31) - Key Tax Provisions for 2025
• (05:16) - No Tax on Tips and Overtime
• (11:59) - Senior Citizen Deduction and Car Loan Interest
• (15:10) - Introduction of Trump Accounts
• (19:55) - Practice Management and Work-Life Balance
• (31:12) - The Importance of Delegation and Trust
• (31:59) - ‌
• (34:54) - Contingency Planning for Unforeseen Circumstances
• (42:13) - Client Engagement and Scope Management
• (48:15) - Post-Tax Season Evaluation
• (53:13) - New Legislation and Client Communication
• (59:17) - Final Thoughts and Encouragement

This podcast is a production of Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

This is a bonus episode from a recent webinar Annie and Roger did.

Prepare for Tax Season 2026 and the changes brought by the One Big Beautiful Bill Act. Join Federal Tax Updates co-hosts Roger Harris and Annie Schwab for a focused look at the most impactful provisions and what they mean for your clients. They break down the latest IRS updates, highlight the questions firms are already hearing, and share practical advice to help your firm prepare for the year ahead.

Roger Harris, EA - https://www.linkedin.com/in/rogerharrispbs/
Annie Schwab, CPA - https://www.linkedin.com/in/annie-schwab-852418261/

Learn more about Padgett: https://www.padgettadvisors.com/

🔔 NASBA-approved CPE and IRS-approved CE credits are offered via Earmark https://www.earmark.app/c/3168

Andres Costa and Emily Goodman have acquired four accounting practices since 2021, expanding from a single location to five offices with a team of ten. They break down their acquisition strategy, from finding deals and structuring payment terms to handling employee transitions and raising client fees. Roger and Annie dig into the hard realities of practice valuations, including why a $350,000 firm might only be worth $200,000 and what sellers need to fix before they can command top dollar

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips

Chapters

• (00:00) - Introduction and Greetings
• (00:52) - Meet the Special Guests: Andre and Emily
• (01:55) - The Importance of Acquiring Firms
• (02:46) - Starting the Acquisition Journey
• (07:11) - First Acquisition Experiences
• (13:16) - Evaluating Potential Firms
• (26:20) - Maintaining and Scaling Operations
• (33:22) - Structuring Acquisition Deals
• (33:59) - Client Retention Strategies
• (35:18) - Evaluating Firm Value
• (37:03) - Challenges with Small Firms
• (40:15) - Owner Financing Benefits
• (48:17) - Raising Client Fees
• (51:02) - Transitioning Clients and Employees
• (59:32) - Final Advice for Buyers and Sellers

This podcast is a production of Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.