Building Financial Literacy and Trust with Small Business Clients

Joey Vrooman, CPA, joins the show today and helps explain the importance of working to educate clients on financial literacy, despite common disinterest. He discusses tactics for simplifying complex terminology, using visual tools, meeting clients at their level, and the "win win" benefits for both advisor and business owner.

Padgett -  Contact Padgett or Email Jeff Phillips

  • (00:00) - Federal Tax Updates Episode 21
  • (01:11) - Welcome Joey to the show
  • (03:02) - Defining financial literacy
  • (06:04) - Teaching clients to understand finances
  • (16:02) - Understanding client personalities and tailoring communication
  • (18:54) - Managing pricing and margins during inflation
  • (22:57) - Keeping financial information simple yet accurate
  • (27:33) - Answering client questions on financial decisions
  • (30:42) - Documentation to protect against liability risks
  • (33:48) - Year-end tax planning with clients
  • (39:28) - Confusion caused by media coverage and ERTC mills
  • (43:32) - Wrap up and remember to subscribe

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Connect with Joey

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Leave a review on Apple Podcasts or Podchaser

Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the 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.

Creators and Guests

Annie Schwab, CPA
Annie Schwab, CPA
Franchisee Operations Manager at Padgett Business Services
Roger Harris, EA
Roger Harris, EA
President at Padgett Business Services
Joey Vrooman, CPA
Joey Vrooman, CPA
Joey is Padgett Franchisee based out of Bismarck, North Dakota. He has a strong passion for Entrepreneurship and increasing the collective wisdom of Financial Literacy.
Building Financial Literacy and Trust with Small Business Clients
Broadcast by