Ep. 04: Accounting Reinvented: Gary Boomer’s Vision for Exponential Growth and Lasting Impact

What if the next billion-dollar accounting firm only needed two employees?In this episode of Codified Wisdom, host Eric Eager welcomes L. Gary Boomer—legend in the accounting profession, founder of Boomer Consulting, Inc., and a relentless advocate for exponential transformation. Together, they pull back the curtain on how accounting firms are standing at the edge of an “Intelligence Revolution”—and what it takes to not only survive, but thrive.Gary shares a candid look at his journey from a Kansas farm boy to becoming one of the most influential voices in the profession. He dives into why traditional business models are broken, how firms routinely undervalue their own teams, and what every leader gets wrong about hiring and scaling with technology.Are you ready to discover why private equity is storming the CPA world, what the next generation of accountants really want, and why now is the best time in history to be in this profession? Gary explains how exponential thinking, peer networking, and a shift from scarcity to abundance are reshaping the profession, and what core mindsets risky, visionary leaders must adopt as change accelerates.Key highlights from this episode:Gary’s early lessons in risk-taking, responsibility, and innovation growing up on a farm (and why those lessons matter for leaders today)Why most accounting firms radically undervalue non-CPA team members and diversity of skillsetsThe “broken” business model of hours-for-dollars, and how technology changes everythingOrigins of Boomer Consulting and the power of peer communities, visionary circles, and relentless curiosityConcrete examples of how EXO (exponential organizations) thinking is transforming CPA firms, and how you should be measuring technological ROIThe three seismic shifts shaking up the profession: private equity, AI/tech revolution, and the talent pipeline “hourglass”Why the firms that will lead in the future are the ones that embrace abundance, value innovation and leadership, and boldly invest in their people and infrastructureGary’s bold predictions for the top 100 firms—and why the landscape will look unrecognizable in just a few yearsEssential advice for young leaders: uncovering your “unique ability” and matching your path to your true passionTimeless wisdom for building teams that thrive (regardless of how technology or business models change)Ready to radically reimagine what’s possible for your firm? This episode is packed with practical advice, bold predictions, and inspiring wisdom from decades in the trenches—don’t miss it.Episode Overview[00:00:00] – Intro & Gary’s journey from farming roots to accounting visionary[00:05:28] – Lessons from the family business and the undervalued team[00:08:24] – Early digital transformation & challenging the status quo[00:14:35] – Founding Boomer Consulting and learning from big thinkers[00:17:41] – Creating powerful peer communities[00:20:22] – What EXO thinking means for accounting[00:24:00] – The “10X Question” that changes everything[00:29:56] – Private equity, AI, and the accounting profession’s big shifts[00:35:40] – Developing young talent & the future of mentorship[00:36:53] – Gary’s bold predictions for the top 100 firms[00:43:02] – Metrics that matter & the coming of digital agents[00:44:54] – Choosing your tech, learning every day, and staying ahead[00:47:25] – Organizational “immunity” and why resistance to change is real[00:49:49] – Gary’s advice to his younger self & closing wisdom[00:51:42] – How to get involved with Boomer Consulting