SponsorsPadgett -  Contact Padgett or Email Jeff PhillipsJoey 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.

(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