The Finance & Accounting Show

Hosted by Business Talk Library

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Episodes

122

Latest episode

Aug 2025

Language

EN-US

About the show

This is the go-to place for practical insights for business where Accounting and Finance meet Business Strategy. Hosted by Terrell and Lola Turner; Finance leaders with experience from some of the largest companies in the world. On this show, we dive into some of the most pressing topics in business and feature interviews with CFOs, Accountants, and Finance experts from around the world as they share lessons learned and best practices.

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60 recent

August 22, 202510 min

Why Patience is Key to a Successful Marketing Strategy

Why Patience is Key to a Successful Marketing StrategyIn this episode, Terrell discusses the importance of patience and consistency in building an effective marketing strategy. He shares a personal analogy of planting a garden to illustrate how growth takes time – similar to developing a solid brand and customer base. Terrell provides insights on how he adapted his marketing efforts during the COVID-19 pandemic, shifting from working with restaurant owners to focusing on law firms. He emphasizes the importance of delivering value, building relationships, and staying consistent, drawing on experiences of creating valuable content, attending conferences, and nurturing referrals. Tune in to learn how to cultivate a lasting brand and customer loyalty in your business journey.00:00 Introduction: The Patience Required for Marketing Success00:35 Personal Anecdote: Gardening and Business Growth01:19 Starting a Business During COVID-1901:52 Building Relationships and Creating Value03:44 Pivoting to a New Client Base: Law Firms04:34 Establishing Trust in the Legal Industry06:09 Consistency and Brand Development08:13 Engaging with Industry Associations08:57 Conclusion: Nurturing Relationships for Long-Term Success

August 5, 202511 min

Why I Choose Focus Over Boundaries in Business

In this episode of The Finance and Accounting Show, Terrell A. Turner, CPA shares a candid take on why he doesn't follow the traditional advice of setting strict boundaries in business. Instead, he explains his personal approach—extreme focus—inspired by lessons from his military upbringing.Terrell dives into how this focus-driven mindset helps him manage priorities, protect his time, and stay productive without rigid rules. He also offers real-life examples of how this method plays out in client relationships, team communication, and even vacations.Whether you're a business owner, a creative professional, or someone looking for a new way to manage your energy and attention, this episode offers a fresh perspective on staying intentional in your work—without the pressure of sticking to hard boundaries.00:00 Introduction: The Truth About Setting Boundaries00:31 Personal Struggles with Boundaries01:30 The Concept of Focus Over Boundaries02:14 Focus in Practice: Real-Life Examples04:57 The Military Influence on Focus08:31 Balancing Work and Personal Life10:05 Conclusion and Final Thoughts11:06 Outro: Stay Connected

July 17, 20256 min

Spotting Red Flags: A Tax Fraud Investigation Insight

In this episode of the Finance and Accounting Show, we dive into a real-world tax fraud case involving Steven T. Mellinger III, who conducted a $106 million fraud scheme over nearly a decade. Learn how the IRS uncovered this massive scam, the mistakes that were made, and the key red flags accountants and firm owners need to watch for. Our AI hosts, Fin and Ally, break down the details and share practical tips for safeguarding your finances and staying compliant with tax laws. Don't miss these crucial insights to protect your practice and clients.00:00 Introduction to Today's Episode00:29 The Florida Tax Fraud Case Unveiled01:17 The Mechanics of the Fraud Scheme02:32 The IRS Investigation and Legal Consequences03:44 Key Takeaways for Accountants05:30 Final Thoughts and Closing Remarks

July 10, 202516 min

Tax Tea: How the IRS Cracked a Dark Web Fentanyl and Crypto Money Laundering Ring

Welcome to the Finance and Accounting Show! In the first episode of our weekly 'Tax Tea', we delve into an official IRS press release detailing a dark web drug case involving fentanyl, cryptocurrency, and money laundering. Discover how the IRS Criminal Investigation (IRS-CI) unit played a pivotal role in unraveling this operation by following the money trail. Learn about the methods the criminals used to launder money through crypto mixers, the multi-agency task force spearheaded by the IRS, and the crucial financial lessons this case offers to accountants and finance professionals. Tune in for a deep dive into the intersection of serious crime, digital finance, and tax enforcement!00:00 Introduction to the Dark Web Drug Case00:26 Unpacking the Case: Fentanyl and the Dark Web01:22 The Money Trail: Following the Illicit Cash Flow06:47 IRS Involvement: Why the Tax Agency is Central10:19 Key Takeaways for Financial Professionals15:03 Conclusion and Final Thoughts

July 8, 202523 min

Mastering AI: Three Key Barriers and How to Break Them

In this episode, we discuss the top three reasons why businesses fail to successfully implement AI. These reasons are ignorance, fear, and cost. We provide practical examples and solutions for overcoming these challenges, including how AI can improve processes, help with hiring, and enhance marketing strategies. We also address common fears about data security and job loss, and offer insights into the cost of AI tools. Tune in to learn how to effectively integrate AI in your business and boost productivity.00:00 Introduction: Why Your Business Struggles with AI01:10 Reason 1: Ignorance About AI01:52 Reason 2: Fear of AI03:05 Reason 3: Cost Concerns03:28 Deep Dive: Overcoming Ignorance03:44 Practical AI Use Cases08:54 Addressing Fear: Job Security and AI18:32 Cost-Benefit Analysis of AI Tools21:32 Conclusion and Next Steps

July 1, 202522 min

Why We Took a 13 Month Break

In this episode, we address why we had to take a 13-month break from our podcast to focus on fixing significant scalability issues in our business. Despite our steady growth, problem-solving demands outpaced our expansion, signaling a critical need for reevaluation. We delve into the areas of staffing, client success, and sales pipeline problems and emphasize the importance of strategic planning to sustain growth. Stay tuned as we share the transparent journey of identifying and resolving these challenges and offer insights for business leaders facing similar obstacles.00:00 Introduction: The 13-Month Break01:07 Thanking Our Loyal Listeners01:39 Identifying the Scaling Problem06:07 Staffing Issues Uncovered10:04 Client Success Challenges13:30 Sales Pipeline Problems17:07 The Need for a Strategic Plan18:56 Conclusion and Future Episodes

June 7, 202521 min

Navigating Professional Careers: Accounting versus Finance at NCCPA

In this episode, we delve into the debate between Accounting and Finance that took place at the North Carolina CPA Society Business and Industry Conference. Terrell A. Turner, CPA and Chris Word, CPA discuss the distinct paths and benefits of each field, drawing from their professional experiences. They explore the key highlights of their careers, discuss the hiring roadmap from education to CFO roles, and the importance of understanding both disciplines. If you’re torn between accounting and finance, this video will provide insights on choosing the right path based on your personal goals, temperament, and career aspirations. Watch the full replay on the NC CPA Society website!00:00 Introduction: Accounting vs. Finance Debate00:43 Recap of the Debate Highlights01:13 Audience and Context02:39 Accounting vs. Finance: Key Differences03:52 Career Path Insights04:37 Personal Career Stories05:25 Investor Relations Experience09:05 Skills for Finance Professionals13:09 Balancing Accounting and Finance18:32 Leadership and Team Development20:15 Conclusion and Call to Action

June 5, 202511 min

Finance vs Accounting: Which Path to Choose?

In this episode of the Finance and Accounting Show, we dive into the evolving landscape of accounting and finance. With over 60% of CPAs nearing retirement and new technology changes impacting the industry, we discuss whether finance is becoming more favorable over accounting. Our hosts Terrell A. Turner, CPA and Chris Word, CPA reflect on their experiences over the past five years, emphasizing the need to understand both fields. We'll also talk about how technology like ChatGPT is changing the profession and what bankers and corporate finance professionals are looking for. Don't miss our insights on the future of accounting and finance, and join us at the upcoming Business and Industry Conference in Greensboro, NC!00:00 Introduction: The Changing Landscape of Accounting00:27 Debate: Finance vs. Accounting01:08 The Importance of Both Fields02:11 Reflecting on Five Years of Change07:21 The Role of Technology in Finance and Accounting09:02 Upcoming Conference and Final Thoughts11:06 Conclusion and Call to Action

April 12, 2024Episode 517 min

4 Questions to Skyrocket Accounting Success

These 4 questions will help you grow a more successful business. Each week we have the opportunity to share a question of the week and during March, we focused on some of the most critical topics that every firm should consider if they want to grow. Here are the four topics that we discussed 1) Firm Goals, 2) Your Strategic GPS, 3) Your Pricing Strategy, and 4) Your Capacity Analysis. In this episode of the podcast, I share our tips and the tips that came from our amazing audiences of thousands of people, enjoy. #accountingandAccountants #entrepreneurship=============Connect with Us:Website: https://businesstalklibrary.com/Facebook: https://www.facebook.com/TLTurnerGroupEmail: contact@tlturnergroup.com

March 8, 2024Episode 424 min

What's Next in Accounting? Unveiling Secrets to Firm Innovation and Success

Why are you arguing over pricing? Here is the thing Accounting Firms should never have to argue over pricing when it comes to working with your clients. Now if you do find yourself in a bit of a back-and-forth over pricing this conversation with Arun Mehra could be very helpful for you.Check out our YouTube page for the video version of this podcast: https://www.youtube.com/@thefinanceaccountingshow2679=============Connect with Us:Instagram: https://www.instagram.com/businesstalklibrary/ Website: https://www.bizprofitsecrets.com/ Facebook:https://www.facebook.com/TLTurnerGroup Email: contact@tlturnergroup.com