#557 The Accounting Industry Was Broken... Here's How I Fixed It
Main Street Business
Mark J Kohler and Mat Sorensen
2.4 • 584 Ratings
🗓️ 7 January 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the Main Street Business Podcast with your distinguished hosts, Mark J. Kohler and Matt Sorensen. |
| 0:05.5 | Both are best-selling authors and have over 25 years of industry experience with 10,000 client consultations, |
| 0:12.3 | making them the leading tax and legal experts in the nation. |
| 0:16.1 | Together, they'll unpack the most complex tax, legal, and financial strategies, |
| 0:20.6 | crucial for saving more, |
| 0:22.1 | stressing less, and building generational wealth. Today, they're your personal advisors. |
| 0:28.1 | Ready to break it down for you and make the tax and legal game easier than ever. Here is Mark and Matt. |
| 0:34.6 | Yes, the tax industry is broken. And you may be a business owner watching this to say, yeah, I knew it. I want to just know why. Or you might be a practitioner in the accounting industry, say, Mark, please give me a solution. Now, I'm a CPA, an attorney, bestselling author, and I've been in this industry. And I was a part of the problem for many years, because I didn't know how to crack the code myself and my own practices but I'm here now and I'm here now and I was a part of the problem for many years because I didn't know how to crack the code myself |
| 0:55.5 | and my own practices, but I'm here now and I have figured it out and I want to tell you what's |
| 1:00.5 | wrong with the system, what your pain points are because I've shared them before and a solution |
| 1:05.0 | that's real for you business owners and for you advisors. Why is it broken? Why are baby boomer accountants walking away from |
| 1:12.8 | practices almost giving away? Why is accounting school enrollment down across the board at all |
| 1:18.1 | universities? Because of the disconnect. Business owners are frustrated because they want to have a |
| 1:23.7 | sit down with real practical strategies and accountants want to be an advisor but don't know |
| 1:28.7 | how to get there. It's like two ships in the night passing past each other. They want to meet, |
| 1:34.0 | they want to wave to each other and pull over and talk on the side of some beautiful island, |
| 1:38.5 | but they pass by each other every day. And both groups are so frustrated and they're just apathetic accountants are |
| 1:46.3 | quitting and business owners are going to turbotax but my friends there is a solution now part of |
| 1:51.8 | that solution is the accountant has to take the lead the accountant has to become the advisor |
| 1:58.0 | hold them out an advisor and reach out to their client and go, |
| 2:02.2 | I'm ready to meet. I want to meet and save you taxes. And if you want to be part of my |
| 2:07.2 | advisory program, great. If you don't, go find someone else that wants to look into the rear |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Mark J Kohler and Mat Sorensen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Mark J Kohler and Mat Sorensen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

