Kris Morris

My name is Luke Boyenger. I'm a former auditor/accountant/finance guy turned fractional CFO. My focus is on helping construction companies be more profitable and increase their cashflows. I grew up working in my grandpas construction business. So, I'm a rare CPA with hands on construction experience. I do what I do to help business owners like my grandpa because I want to see them thrive. I can almost guarantee you that you've never worked with an accounting or finance professional who does what I do for businesses. You're bookkeeper isn't doing what I do. Your tax accountant isn't doing what I do. Your controller isn't doing what I do. I'm proactively helping you: 💡 Grow your company 💡 Increase your profits 💡 Improve your cashflows 💡 Run your business more strategically I'm not showing up once a year and wishing you luck. I'm there with you every month. In the trenches. Working alongside you to help you achieve your goals. Did you know that talking to me and learning more about how I can help your specific business is totally free? When you're ready to... ❗ Stop leaving money on the table at every job ❗ Start being less reactionary and more strategic in your business ❗ Have better clarity into how your business is performing ❗ Increase your profitability ❗ Improve your cashflows ...let's chat: https://lnkd.in/gU7G5sbc

7

👉 Advice for business owners: use financial benchmarking. 👈 You don’t have to navigate your business by trial and error. In fact, you can’t afford to. A CPA with specialized experience in your industry will give you benchmarks to measure your business performance against competitors. They’re key performance indicators that: 🔍 Highlight strengths and weaknesses in your company. 📈 Translate the numbers on your profit and loss sheet into practical steps to grow. ⛔ Help you avoid mistakes that could obstruct your goals. We help family-owned companies use financial benchmarking to improve performance and achieve their goals faster. To find out how we can help your business, book a chat with us at https://bit.ly/3SPPLAu #businessowner #financialtips #cpa

5

1 Comment

How much do you know about the Research & Development (R&D) tax credit? >> What Is The Research & Development (R&D) Tax Credit? The R&D tax credit is a federal incentive offering a dollar-for-dollar reduction in a company's tax liability, aiming to encourage research and development activities. It is calculated based on a company's eligible wage, supply, and contract research expenses. >> Do I Qualify? R&D incentives are available for a variety of activities and expenses. These include software development, payroll expenses related to R&D activities, the creation of new manufacturing processes, and product innovation, among others. Activities that would otherwise be considered “day-to-day operations,” such as designing new products or analyzing market trends, are eligible under this credit! >> Does my industry qualify? Companies of all sizes and industries can qualify for this tax credit. Curious if your business may qualify for the Research & Development (R&D) tax credit? Then I invite you to fill out the form here: https://lnkd.in/dfJUr7UD #business #future #success

4

2 Comments

I have been fairly silent about my thoughts on PE entering accounting but the recent uptick in the PE acquisitions of accounting firms is getting me fired up. It is time to dish out some sauce and some y'all ain't gonna like it👇 I will start off heavy: Accounting firms letting PE buy into them is being done out of pure laziness, greed, and personal retirement goals. 🔥🔥🔥🔥🔥 Here are my thoughts on each: ✅Laziness - Yes yes we have a pipeline problem. Instead of trying to figure out ways to solve it by actually taking care of your staff and bringing the allure back to the profession (not easy and long game I get it), the solution is to bring in PE money with their tech to, most likely, double down on AI and outsourcing. Nothing against PE, btw, I just believe that the nature of accounting isn't necessarily a flip-able business and building efficiencies tends to tie around either doubling down on AI and outsourcing and squeezing the existing staff (or both lol) ✅Greed - Pretty self explanatory because, at the end of the day, "its all about the Benjamin's baby". I have heard of and spoke to some younger partners getting $1M+ buyouts from the deals. Sounds tasty, I know but with that comes losing control of decision making by actual accountants. ✅Personal retirement goals - I am just going to come out and say it. The pipeline problem is scaring the same people who caused the pipeline problem in the first place 🔥🔥🔥🔥(read that again). Now that those folks are nearing retirement and the future of new accountants is looking grim they figure: "ooo I get alot of cash right now andddd I get to have the backing of PE for my beach retirement without addressing any problems I caused? sign me uppp" Now look those are some negatives and they are pretty heavy negatives. If done right and with the correct intention I can see how that cash infusion can help, too: 🔥Invest in scheduling technology to make staff lives' easier INSTEAD of squeezing them for more hours. 🔥Offering better incentives, higher pay, and some more "skin in the game" to staff. Get those salaries up and include bigger bonuses tied to meaningful metrics (not raw hours) 🔥Take control of management ops at these old school firms and flip the script. Start forcing new ways to look at things with a staff first mentality. Leading with staff-first is key. Do I believe this will happen? Nope. But a man can dream and I have given you the blueprint on how to do it right. 🎤 With all that said, I am selling my firm to PE for $120M to cash out and go live on the beach. Anyone interested? lolzzzzz PS I would love to hear from anyone who has a different opinion on the negatives. I would love to hear from those currently working at these PE owned accounting firms (feel free to DM me) to share the real feel. My post here is based on recent chats with folks in these firms and some of the top voices in our profession. Chase Birky, CPA Amber Setter, PCC #PE #accounting #sauce

205

96 Comments

Where are all of the accountants?? If you've been struggling to fill accounting positions, you're not alone. There are fewer accountants in the workforce, fewer students choosing to study accounting, and fewer employees willing to work the same way as in the past. However, there are ways to overcome these hurdles. 👇 Learn how below. #Accountingindustry #AccountingJobs #AccountingStudents #Accounting

10

Identifying A level talent during an interview process is challenging. If you don't know what to screen for, it comes down to luck. Here are the key skills CFOs need to look for during an interview: 1. Technical Expertise: ASC XXX, Audit Processes, Tax Code Etc 2. Analytical Skills: Financial modeling, Budgeting, Data Analysis/synthesis 3. Strategic Thinking: Business Acumen, Problem-Solving etc 4. Technology Proficiency: ERP System, Excel, Other Critical/Emerging tech. 5. Attention to Detail: Review the resume. Typos or other errors? 6. Continuous Improvement: Where did they over come a knowledge gap? 7. Ethics and Integrity: Key for anyone in finance and accounting. Think about questions that you can ask candidates to assess these key areas. That way, there will be fewer surprises once you make a hire, increase the likely hood of making a successful hire. #finance #accounting #hiring #interviewing

9

Running a business is harder when no one is teaching and supporting you with financial coaching. A Fractional CFO or Fractional Controller can solve this problem for much less than the cost of a full-time financial employee. #CPA #Accountant #FractionalCFO

34

Confused by Prepaid Expenses & Lease Accounting? Our new guide simplifies it ALL! ✅ Understand prepaid expenses & their impact on your balance sheet ✅ Learn the difference between prepaid & accrued rent under ASC 842 ✅ Discover when prepaid expenses hit your income statement Get the full breakdown here [https://bit.ly/3UeuYps] #leaseaccounting #prepaidexpenses #ASC842

6

Manufacturers and distributors are grappling with a significant workforce crisis. 🦺 A recent survey by the National Association of Manufacturers revealed that over 65% of manufacturers cited the inability to attract and retain employees as their top primary challenge. While the labor pool might be limited right now, you have the potential to turn it into your biggest asset. This video offers 4 tips for reimagining your industrial workforce. 💡 Look at Your Bench: Start by focusing on your current talent. Identify high-potential employees and provide them with training and career development opportunities. Showing a clear career path boosts retention and helps fill specialized positions from within. 💡 Recruit New Talent: Partner with trade schools and industry associations or develop internal incubator programs to attract fresh talent. Show new hires that joining your organization is more than just a job—it’s a long-term career with growth opportunities and a competitive salary. 💡 Embrace Technology: Use AI and automation increase efficiency. Modern tech can reduce process times and increase throughput, which could potentially reduce the need for a large workforce in key areas. Find and use tools that streamline operations and manage staffing needs effectively. 💡 Strategic Outsourcing: If internal efforts aren’t enough, think about outsourcing. Whether it’s technical experts, admin support or C-Suite executives, outsourcing can quickly and effectively fill critical openings in your workforce. If gaps in your people strategy are holding you back, it might be time for a different approach. Learn more about Armanino’s workforce solutions: https://ow.ly/AeLs50SsQGJ #WorkforceManagement #Manufacturing #AI #Automation #ManufacturingIndustry

3

🚀 Transform Your CPA Firm with Outsourcing! 🚀 ✅ **Cut Costs:** Save on hiring and training. ✅ **Focus on Core Services:** Spend more time on client advisory and strategy. ✅ **Scale Easily:** Adjust operations to match your firm’s needs. ✅ **Stay Ahead:** Access top-notch technology and expertise. ✅ **Boost Accuracy & Compliance:** Minimize errors and meet regulatory standards. Unlock your firm's potential! Outsource today and focus on what you do best. 💼📈 #CPA #Outsourcing #BusinessGrowth #Efficiency #FutureOfAccounting

5

1 Comment

ACCOUNTANT SHORTAGE? You bet! Where have all the ACCOUNTANTS gone? Well, first of all, we stopped "making" fewer of them a few decades ago. Second of all, most of them are baby boomers who are exiting the workplace (or preparing to). Why did we stop making them? As experts in the workforce, we can tell you that many of the people who would have typically gone to school for accounting shifted over to the field of Information Technology back in the 90's when tech was taking off and accounting candidates were a dime a dozen. Add the shiny fields of investment management and consulting and, poof, they began to disappear. Thought we'd share an article from Inc. Magazine that discusses this topic. But you can still get accounting talent suitable for many roles depending on what you can offer, just call and ask us about what we are seeing in our current market. We at ADEETA Corporate Staffing have open job orders for accounting talent all the time so we are interviewing accountants every day. #accountingjobs #accountants #hiring https://lnkd.in/gGBF3Wtz

3

1 Comment

Planning, reporting, and analytics are key to financial success, and clients are looking to their trusted advisors for solutions. CPA.com CEO Erik Asgeirsson and Jirav CEO Rob Hull dive into how leveraging a financial planning & analysis (FP&A) tool helps firms deliver for their clients.

20

2 Comments

Running a business is no simple task. There's managing employees, keeping customers happy, planning for growth...and then there's the accounting. Bookkeeping, taxes, financial reporting, audits, compliance - it can all start to feel like a second job you never asked for. An endless parade of receipts, spreadsheets, and numbers that make your head spin. Get in touch today to find out more about how we can help!  https://lnkd.in/eaCRqSZ8 #businessowner #smallbusiness #accountan #accountingservices

1