EPISODE · Nov 3, 2019 · 31 MIN
#AccountexUSA: Getting to know the Latino market
from The Accounting Podcast · host Blake Oliver & David Leary
SponsorsRight Networks: https://cloudaccountingpodcast.promo/rncloudShow Notes00:40 – Welcome Jose and Tony! 01:13 – Tony explains the Latino Tax Professionals Association’s mission 02:37 – The fast-growing Latinx small-business market is largely underserved in the U.S. 04:59 – Uncle Sam wants you - even if you're an illegal immigrant - to pay your taxes 05:32 – There's a delicate balancing act of compliance with the IRS, or the government 06:31 – Jose tells undocumented clients that filing a return is an imperative step in becoming a citizen or getting authorization to work in the U.S. 07:15 – Tony explains how the mixed-status family can mix up your brain when trying to file that type of tax return 09:12 – Jose talks about the absolute necessity for education to prevent Latino small-owners from making huge mistakes with their finances and taxes 11:05 – Talking diversity, and the perceived, or real lack thereof in the accounting profession 12:48 – Financial illiteracy may be what gets in the way of Latino entrepreneurs being able to grow their businesses | Stanford Graduate School of Business 14:32 – Jose says while most Latino business owners speak English and use English-language products, they prefer to consume educational content in Spanish 15:21 – Translating your educational content into other languages will pay off in the long run 18:25 – Scaling New Heights started offering Spanish-speaking tracks in 2017 | Woodard.com 19:12 – To reach the Latinx market, try a less salesy, more genuine approach 20:12 – Tony explains how Contabi Alliance takes the mission of serving the underserved to the Latin American countries, providing resources and education for accountants and bookkeepers who don’t have access to the tools and technology available in the States 22:00 – Each country has its own particular accounting rules and regulations to navigate24:35 – There's a huge shortage of third-party apps that connect Latinx accounting software to the global players, such as Xero and Intuit25:25 – What kinds of opportunity exist for Latin American countries that want to expand into the U.S.? 26:54 – Jose may have the world’s longest social media profile! 28:39 – Latino Tax Fest – parties, pools, and education! Connect with our guestsJose ZavalaLinkedIn: https://www.linkedin.com/in/jzavala03/Twitter: https://twitter.com/ztxadvisorsEmail: [email protected] About the Xero Virtual Hour: https://www.xero.com/us/partner-programs/partners/xerohour/Tony MartinezLinkedIn: https://www.linkedin.com/in/tony-martinez-a095613a/Website: https://latinotaxpro.com/Email: [email protected] Tax Fest: https://latinotaxfest.com/Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. Meet Blake and David in person! November 5-8: QuickBooks Connect in San JoseNovember 5: Practice Ignition PreCon Party in San JoseNovember 6: VIPartners Party with Gusto, Routable & Jirav in San JoseDecember 9-11: Digital CPA Conference in SeattleLimited edition shirts, stickers, and other necessities.TeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast
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What this episode covers
Blake and David sat down with Jose Zavala and Tony Martinez at Accountex USA in Boston this past summer to learn about the quickly expanding Latinx market for accounting and bookkeeping services, the challenges and opportunities for both professionals and their clients in this market, and what the Latino Tax Professionals Association is doing to help educate the profession on how they can serve this growing community.
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#AccountexUSA: Getting to know the Latino market
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