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    News

    The Accounting Podcast

    The most authoritative voice in accounting news. Every week, Blake Oliver and David Leary break down the stories reshaping the profession — AI, the Big Four, firm M&A, audit failures, and the talent crisis — with analysis you won’t get from the trade press. Earn free NASBA-approved CPE just for listening, with the Earmark app.

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    Latest Episodes:
    The Compelling Case for Nearshoring Accounting to Argentina Jun 17, 2024
    Show notes

    Discover the compelling advantages of nearshoring your accounting and finance functions to Argentina. In this episode, Nicolás Villafañe, partner at South Offices, shares his insider perspective on why Argentina is a top destination for accessing skilled talent while enjoying significant cost savings compared to hiring in the US.

    Learn how Argentina's timezone alignment, cultural affinity, and highly qualified pool of licensed CPAs can provide your business with a seamless experience as if you were hiring remote employees. Nicolás also shares a case study of how his firm has partnered with a US client to build a successful, integrated team.

    If you've been considering nearshoring options, this episode is packed with valuable insights to help you evaluate your choices and unlock the benefits for your business. Tune in now to explore the power of nearshoring!

    Meet Our Guest, Nicolás Villafañe

    LinkedIn: https://www.linkedin.com/in/nicolasvillafane/


    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
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    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


    Sponsorships

    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info?

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast


    Classifieds

    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd


    Transcripts

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page


    Will Intuit Go Red in the 2024 Election? Jun 13, 2024
    Show notes

    Blake and David get brutally honest about why pricey accounting conferences are a no-go and how the industry sidelines neurodivergent professionals. You'll also get a rundown of the rebranded Intuit Connect event's new direction, the political firestorm around IRS Direct File, and a Google Sheets update that will blow your mind. From the mailbag, don't miss one reader's incredible story of passing the CPA exam in record time and our take on why firms need to rethink degree requirements. Plus, we offer real-talk advice for starting your own
    bookkeeping biz and take shots at the infamous 150-hour rule.

    Sponsors
    OnPay - http://accountingpodcast.promo/onpay
    Relay - http://accountingpodcast.promo/relay
    Makers Hub - http://accountingpodcast.promo/makershub


    Chapters
    • (01:02) - David Has FOMO
    • (03:27) - The Cost of AICPA Engage
    • (06:48) - ADHD and Conferences
    • (15:08) - Community Engagement and Comments
    • (19:52) - Intuit Connect Announcement & Going After the Mid-Market
    • (25:50) - Future of Accounting with AI
    • (29:55) - AI Agents Replacing Human Labor
    • (31:03) - Preparing for a Future in Accounting
    • (32:02) - The Value of Practical Experience
    • (33:48) - Listener Feedback and Community Engagement
    • (34:46) - Intuit and IRS Direct File Controversy
    • (43:52) - Google Sheets' New Conditional Notifications
    • (46:43) - Listener Mailbag: Unique Paths to CPA
    • (51:00) - Earning Your Accounting Degree Quick!
    • (54:45) - The Debate on College Degrees and Signaling
    • (01:00:01) - Closing Remarks and Thanks for Listening


    Show Notes

    House GOP proposes IRS funding cuts, defunding free tax filing ...

    Intuit Connect 2024 - Formerly QuickBooks Connect


    Google Sheets’ new ‘conditional notifications’ easily keep track of small changes - The Verge


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    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


    Sponsorships

    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info?

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast

    Classifieds

    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd


    Transcripts

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page


    From Compliance to Consulting: A CPA's Journey into M&A and Business Valuation Jun 07, 2024
    Show notes

    Anthony Venette, Director of Business Valuation and Advisory Services at DeJoy & Co., joins Blake to discuss his unconventional career path and the world of business valuation. Anthony shares his journey from audit to tax and eventually to valuation, highlighting the importance of soft skills and effective communication in advisory roles. He also provides valuable insights into the day-to-day life of a valuation professional and offers advice for young CPAs interested in pursuing this career path.

    Meet Our Guest, Anthony Venette

    LinkedIn: https://www.linkedin.com/in/anthonyvenettecpaabv/


    Learn more about DeJoy & Co.

    https://www.teamdejoy.com/

    Need CPE?

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    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


    Sponsorships

    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info?

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast


    Classifieds

    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd


    Transcripts

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page


    What's the Journal Entry for a Hush Money Payment? Jun 03, 2024
    Show notes

    Blake and David delve into the accounting and bookkeeping aspects of Donald Trump's recent guilty verdict in New York. They discuss the charges related to falsifying business records and hush money payments and explore the potential implications for Trump's businesses and campaign. Their conversation also touches on the current state of AI in accounting, the retirement of AICPA president Barry Melancon, and the challenges facing the profession in attracting new talent.

    Sponsors
    LiveFlow - http://accountingpodcast.promo/liveflow
    Zoho - http://accountingpodcast.promo/zoho
    Blue Onion - http://accountingpodcast.promo/blueonion
    Bean - http://accountingpodcast.promo/bean


    Chapters
    • (01:10) - Breaking Down Trump's Guilty Verdict
    • (02:31) - Analyzing the Charges
    • (04:27) - Legal Implications and Campaign Finance
    • (07:29) - Trump's Bookkeeping and Legal Strategies
    • (09:36) - Asking ChatGPT How This Entry Should Have Been Coded
    • (15:35) - Commercial Real Estate and Trump's Properties
    • (22:00) - Puzzle Accounting and AI Automation
    • (26:25) - Rose Financial's EASBY adds AI
    • (30:33) - Challenges in AI Categorization
    • (31:17) - Human Oversight in AI Accounting
    • (32:48) - Digits' AI Performance and Market Comparison
    • (34:41) - Live Listener Question: Career Path in Accounting
    • (37:59) - University of Scranton Brags About Number of Accounting Papers They've Published
    • (38:31) - AICPA's Future as President Barry Melancon Announces Retirement
    • (46:47) - App Review: Rose AI-Powered Spreadsheet
    • (48:49) - Watch Our TurboTax Business Assisted 2024 Review and Listen to the Best Metrics Podcast
    • (51:22) - Earn CPE For Listening To Our Podcast


    Show Notes

    "Who's the victim of Trump's Bookkeeping?" Washington Examiner

    https://www.washingtonexaminer.com/daily-memo/3014100/who-is-the-victim-of-trumps-bookkeeping/

    Trump May Owe $100 Million From Double-Dip Tax Breaks, Audit Shows

    https://www.nytimes.com/2024/05/11/us/trump-taxes-audit-chicago.html

    The Office-Market Meltdown Comes for Trump’s Prized Wall Street Building

    https://www.wsj.com/real-estate/commercial/the-office-market-meltdown-comes-for-trumps-prized-wall-street-building-31b3a667

    Profession Leader Humbly Requests You STFU About Long Hours, Busy Season, and Stress

    https://www.goingconcern.com/profession-leader-humbly-requests-you-stfu-about-long-hours-busy-season-and-stress/

    New AICPA chair: ‘We need to promote the cool work we do’

    https://www.journalofaccountancy.com/issues/2024/jun/new-aicpa-chair-we-need-to-promote-the-cool-work-we-do.html

    Rose Financial Solutions Sets Goal to Automate 85% of Finance and Accounting Activities by 2030

    https://www.prnewswire.com/news-releases/rose-financial-solutions-sets-goal-to-automate-85-of-finance-and-accounting-activities-by-2030-302145576.html

    TAP: TurboTax Business Assisted Review 2024 (for Tax Year 2023)

    https://www.youtube.com/watch?v=zaaMIV1lyns

    Check out Best Metrics here:

    https://bestmetrics.transistor.fm/


    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


    Sponsorships

    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info?

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast

    Classifieds

    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd


    Transcripts

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page


    Rethinking Accounting Education in the Age of AI May 30, 2024
    Show notes

    Dr. Mfon Akpan, Assistant Professor of Accounting at Methodist University joins Blake and David for a conversation on the impact of AI on accounting education, the challenges faced by accounting graduates entering the workforce, and the future of the CPA profession. Dr. Akpan shares his insights on incorporating AI into the classroom and the importance of lifelong learning in the rapidly evolving world of technology.

    Sponsors
    Cloud Accountant Staffing - http://accountingpodcast.promo/cas
    Keeper - http://accountingpodcast.promo/keeper
    Bean - http://accountingpodcast.promo/bean


    Chapters
    • (01:43) - AI in Accounting Education
    • (02:34) - Prompting Techniques for AI
    • (04:21) - Practical Applications of AI in Accounting
    • (05:37) - Challenges and Benefits of AI in Education
    • (06:45) - Incorporating AI into Accounting Curriculum
    • (13:50) - Debate on Accounting Education and Skills Gap
    • (22:34) - The 5th-Year Requirement for CPAs
    • (32:42) - The Value of Personal Interaction in Education
    • (33:23) - The Importance of Smaller Class Sizes
    • (35:14) - The Role of AI in Education
    • (37:53) - Improving Salaries in the Accounting Profession
    • (39:33) - The Impact of Technology on Accounting Jobs
    • (40:19) - Balancing Work and Life in Accounting
    • (51:35) - The Future of Accounting Education
    • (55:36) - Embracing AI in Accounting
    • (58:39) - Final Thoughts and Conclusion


    Meet our Guest, Dr. Mfon Akpan
    Website: https://mfonakpan.com/
    LinkedIn: https://www.linkedin.com/in/drmfonakpan/

    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


    Sponsorships

    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info?

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast

    Classifieds

    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd


    Transcripts

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page


    The Startups Seeking to Dethrone QuickBooks May 23, 2024
    Show notes

    Blake and David dig into reports from the Illinois CPA Society and National Pipeline Advisory Group highlighting issues like long work hours, the 150-hour rule, and low starting salaries. They examine the potential disruption of traditional accounting software by startups and vertical SaaS companies offering embedded accounting functionality and review some of the CPA Practice Advisor Readers' Choice Awards. Wrapping things up, they highlight the health risks of long working hours, and discuss the need for better work-life balance in accounting firms, based on a recent WHO report.

    Sponsors
    OnPay - http://accountingpodcast.promo/onpay
    Cloud Accountant Staffing - http://accountingpodcast.promo/cas
    Keeper - http://accountingpodcast.promo/keeper
    Blue Onion - http://accountingpodcast.promo/blueonion


    Chapters
    • (01:44) - Does QuickBooks have some new competition?
    • (06:42) - Layer wants to be a GL service
    • (09:45) - Lili's place in the marketspace
    • (13:03) - The role of accountants in software success
    • (14:57) - CPA Practice Advisor's 2024 Reader Choice Awards
    • (17:22) - Illinois CPA Society survey results
    • (24:00) - WHO publishes estimates on health costs from working long hours
    • (28:31) - The long-awaited NPAG Impact Report was released!
    • (30:39) - Identifying pipeline problems
    • (32:34) - Reasons students don't choose accounting majors
    • (45:55) - Final points from report
    • (48:02) - Blake's theory on why accounting starting salaries are low
    • (54:46) - Thanks for listening and remember to subscribe


    Show Notes

    Teal Announces $8M Seed Investment to Drive Next-Gen Accounting Products for Vertical SaaS

    https://www.businesswire.com/news/home/20240520567117/en/Teal-Announces-8M-Seed-Investment-to-Drive-Next-Gen-Accounting-Products-for-Vertical-SaaS

    Embedded accounting startup Layer secures $2.3M toward goal of replacing QuickBooks
    https://techcrunch.com/2024/05/15/embedded-accounting-layer-2-3m-quickbooks/?guccounter=1

    Illinois CPA Society Releases Updated CPA Pipeline Report
    https://www.icpas.org/about-us/press/press-release-details/2024/05/16/illinois-cpa-society-releases-updated-cpa-pipeline-report

    National Pipeline Advisory Group releases draft strategy report
    https://www.accountingpipeline.org/draft-report/

    Embedded accounting startup Layer secures $2.3M toward goal of replacing Quickbooks | TechCrunch

    https://techcrunch.com/2024/05/15/embedded-accounting-layer-2-3m-quickbooks/

    The Best Tech for Accounting Firms: CPAs Voted for Readers Choice Tech Awards

    https://www.cpapracticeadvisor.com/2024/05/15/2024-cpa-practice-advisor-readers-choice-award-winners-announced/105089/

    Lili Launches New Accountant AI for Small Business Financial Management

    https://www.cpapracticeadvisor.com/2024/05/16/lili-launches-new-accountant-ai-for-small-business-financial-management/105520/

    Embedded accounting startup Layer secures $2.3M toward goal of replacing QuickBooks

    https://techcrunch.com/2024/05/15/embedded-accounting-layer-2-3m-quickbooks/

    Kabbage Inc. Settles Allegations of PPP Fraud

    https://smallbiztrends.com/?p=1487492

    US accounting group bows to calls for faster path for recruits

    https://www.ft.com/content/b6562303-cfda-4c6e-bb7b-8fe6e092bb01

    National Pipeline Advisory Group releases draft strategy report - National Pipeline Advisory Group

    https://www.accountingpipeline.org/draft-report/

    Bench and Shopify alumni announce $11M CAD to build “the Stripe for accounting” with Teal - BetaKit

    https://betakit.com/bench-and-shopify-alumni-announce-11-million-cad-to-build-the-stripe-for-accounting-with-teal/

    Embedded accounting startup Teal raises $8M seed

    https://www.axios.com/pro/fintech-deals/2024/05/20/embedded-accounting-teal-8-million-seed

    The Indicator from Planet Money : NPR

    https://www.npr.org/2024/05/17/1197964709/trade-wars-and-talent-shortages

    Canadian fintech Teal raises $8M to build ‘Stripe for accounting’

    https://techfundingnews.com/canadian-fintech-teal-raises-8m-to-build-stripe-for-accounting/

    Kabbage to pay $120M in PPP fraud settlements with DOJ

    https://www.bankingdive.com/news/kabbage-pay-120-million-ppp-fraud-doj-small-business-loan-pandemic/716053/

    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or


    Trump Accountants Take the Stand Before the Stormy Daniels May 17, 2024
    Show notes

    This week, Blake and David are puzzled by the results of a survey that shows 40% of tax professionals believe generative AI will allow them to charge clients higher rates. They also cover the sham audit firm BF Borgers and question why the firm's CPA is still licensed despite SEC charges. Blake demonstrates how he uses Zapier Central to build an AI agent that can automatically respond to client emails about the status of their tax returns. Wrapping up, they examine Digits' $35 million raise and pivot to bill pay, and Xero's new filtering functionality for bank reconciliations.

    Sponsors
    LiveFlow - http://accountingpodcast.promo/liveflow
    Cloud Accountant Staffing - http://accountingpodcast.promo/cas
    Keeper - http://accountingpodcast.promo/keeper
    Blue Onion - http://accountingpodcast.promo/blueonion


    Chapters
    • (00:53) - Generative AI's Impact on Pricing
    • (05:14) - The Curious Case of BF Borgers and Sham Audits
    • (07:54) - The Slow Response of Regulatory Bodies to Fraud
    • (16:28) - NASBA Hires New President
    • (17:45) - NASBA and the CPA Exam: A Call for Modernization
    • (25:35) - The Trump Stormy Daniels NY Trial
    • (32:38) - Rudy Giuliani's Financial Woes: A Deep Dive
    • (34:20) - Building AI Agents with Zapier Central: A How-To Guide
    • (35:40) - AI Tools for Productivity: Insights from ClickUp
    • (36:43) - The Power of AI in Automating Client Communication
    • (44:06) - The Big Money in AI-Powered Practice Management
    • (48:16) - Bill Pay Innovations and Market Dynamics
    • (49:34) - Xero's New Features and Bank Feed Improvements
    • (53:20) - The Real Value of Dashboards in Business Management
    • (58:32) - Closing Remarks and Future Events


    Show Notes

    Rudy Giuliani Forced to Learn Accounting After Bankruptcy Beancounter Bails

    https://www.thedailybeast.com/rudy-giuliani-forced-to-learn-accounting-after-bankruptcy-beancounter-bails

    Stormy Daniels payment puts focus on Trump and check-writing as trial testimony resumes

    https://www.nbcnews.com/politics/donald-trump/former-white-house-executive-assistant-stand-trump-trial-dramatic-stor-rcna151578

    Trump Accountant on His Stormy Daniels Coverup Notes: ‘I Made a Boo-Boo’

    https://www.yahoo.com/news/trump-accountant-stormy-daniels-coverup-152934446.html

    Trump Accountant Exposes Checks to Michael Cohen in Damning Testimony

    https://newrepublic.com/post/181344/trump-accountant-checks-signed-michael-cohen-hush-money-trial

    What’s new in Xero — May 2024 - Xero Blog

    https://blog.xero.com/product-updates/whats-new-in-xero-may-2024/

    End of Trump Media’s Auditor Jolts Hundreds of Other Companies

    https://news.bloombergtax.com/financial-accounting/end-of-trump-medias-auditor-jolts-hundreds-of-other-companies

    Trump Media hires new auditor after previous accounting firm charged with 'massive fraud'

    https://www.cnbc.com/2024/05/06/trump-media-hires-new-auditor-after-accounting-firm-charged-with-fraud.html

    Digits Launches AI Bill Pay for Small Businesses

    https://www.pymnts.com/news/b2b-payments/2024/digits-launches-ai-bill-pay-for-small-businesses/

    Countsy Debuts Platform to Streamline Back-Office Management

    https://www.pymnts.com/back-office/2024/countsy-debuts-platform-to-streamline-back-office-management/

    Why we’re calling 2024 ‘the year of the US bank feed’

    https://blog.xero.com/product-updates/year-of-the-us-bank-feed/

    Let's Meet NASBA's Next President and CEO

    https://www.goingconcern.com/lets-meet-nasbas-next-president-and-ceo/

    Digits Launches AI Bill Pay for Small Businesses

    https://www.pymnts.com/news/b2b-payments/2024/digits-launches-ai-bill-pay-for-small-businesses/

    Digits AI Bill Pay -- The World's First AI Bill Pay, Built Specifically For Startups

    https://www.prnewswire.com/news-releases/digits-ai-bill-pay--the-worlds-first-ai-bill-pay-built-specifically-for-startups-302131944.html

    Imagine the Chaos If the PCAOB Starts Naming and Shaming Audit Deficiency Clients

    https://www.goingconcern.com/imagine-the-chaos-if-the-pcaob-starts-naming-and-shaming-audit-deficiency-clients/

    'Nobody seems interested' in helping Giuliani with accounting in bankruptcy case, lawyers claim

    https://thehill.com/video/%e2%80%98nobody-seems-interested%e2%80%99-in-helping-giuliani-with-accounting-in-bankruptcy-case-lawyers-claim/9675968/

    Canopy Secures $35 Million in Funding to Enhance AI-Powered Practice Management for Accounting Firms

    https://www.einnews.com/pr_news/709723429/canopy-secures-35-million-in-funding-to-enhance-ai-powered-practice-management-for-accounting-firms

    Trump Media Replaces Its Accounting Firm BF Borgers With Semple, Marchal & Cooper

    https://www.fxleaders.com/news/2024/05/06/trump-media-replaces-its-accounting-firm-bf-borgers-with-semple-marchal-cooper/

    Trump Org. accounting system was desig...


    Exploring Non-Traditional Accounting Careers in Government May 13, 2024
    Show notes

    Cody Turley, CPA and Certified Fraud Examiner, joins Blake and David to discuss his SEC career path, describing what it's like to investigate securities law violations. He emphasizes that while Big Four experience is valuable, it's not the only way to have a successful and meaningful accounting career. Cody shares insights into the benefits of working in government accounting roles, including greater responsibility early on, work-life balance, and the ability to transition to public accounting or industry later if desired.

    Meet Our Guest, Cody Turley

    LinkedIn: https://www.linkedin.com/in/cody-turley-cpa-cff-cfe-776254122/


    Learn about SEC internship opportunities:
    https://www.sec.gov/pathways-internship-program

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    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


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    Transcripts

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page


    SEC Charges Trump's Audit Firm with Massive Fraud May 09, 2024
    Show notes

    The SEC charged Trump's audit firm with a massive fraud – 1,500 fake filings over 2.5 years! Plus, hundreds of small US banks are at risk due to commercial real estate loan exposure. We're also talking about the potential of AI tools like Claude and ChatGPT to automate various accounting and business tasks, the controversial Corporate Transparency Act's beneficial ownership reporting requirements, and the possibility of its repeal. We wrap with fintech and crypto news, including Mercury Bank's rapid growth and potential regulatory issues.

    Sponsors
    Zoho - http://accountingpodcast.promo/zoho
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    Chapters
    • (09:04) - Anthropic launches Claude for teams
    • (10:55) - More LLM models pass CPA exam
    • (17:00) - Blake demonstrates AI's abiity to help with emails
    • (29:55) - 28 AI prompts for small businesses
    • (33:38) - Oregon Senator going after TurboTax to issue refunds to Oregonians
    • (35:43) - The possibility of a regional banking crisis
    • (43:40) - The Corporate Transparency Act might be repealed
    • (48:26) - Tether claims they can't find a Big 4 firm to audit them
    • (51:05) - Mecurity Bank being looked at by FDIC
    • (56:16) - Square to allow users to transfer percent of daily sales to Bitcoin
    • (57:37) - Download and sign up for the Earmark app


    Show Notes

    Anthropic launches a free Claude iOS app and Team, its first enterprise plan | ZDNET

    https://www.zdnet.com/article/anthropic-launches-a-free-claude-ios-app-and-team-its-first-enterprise-plan/

    SEC.gov | SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filings

    https://www.sec.gov/news/press-release/2024-51

    Oregon senator demands refunds for TurboTax customers over glitch | Accounting Today

    https://www.accountingtoday.com/news/oregon-senator-demands-refunds-for-turbotax-customers-over-glitch

    Can LLMs Pass the CPA Exam? Evaluating Large Language Model Performance on the Certified Public Accountant Test by Will Zacher, Sanmukh Kuppannagari :: SSRN

    https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4788096

    Sam Altman says helpful agents are poised to become AI’s killer function | MIT Technology Review

    https://www.technologyreview.com/2024/05/01/1091979/sam-altman-says-helpful-agents-are-poised-to-become-ais-killer-function/

    Why hundreds of U.S. banks may be at risk of failure

    https://www.cnbc.com/2024/05/01/why-hundreds-of-us-banks-may-be-at-risk-of-failure.html

    Tether CEO Says An Audit By A Big Four Giant Is Our Top Priority

    https://coingape.com/tether-ceo-says-an-audit-by-a-big-four-giant-is-our-top-prioritterrestrial

    Block lets Square merchants convert a part of their daily sales to bitcoin

    https://techcrunch.com/2024/04/24/block-now-lets-square-merchants-convert-a-part-of-their-daily-sales-to-bitcoin/

    The 28 best AI prompts for small businesses

    https://www.sage.com/en-us/blog/the-28-best-ai-prompts-for-small-businesses/

    Congress considers how to fix the Corporate Transparency Act

    https://www.accountingtoday.com/news/congress-considers-how-to-fix-the-corporate-transparency-act

    Article from www.congress.gov

    https://www.congress.gov/bill/118th-congress/house-bill/8147/cosponsors

    Binance founder Changpeng Zhao sentenced to 4 months in prison after plea deal

    https://www.cnbc.com/2024/04/30/binance-founder-changpeng-zhao-cz-sentenced-to-four-months-in-prison-.html


    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


    Sponsorships

    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info?

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher:

    Finally! A Tax Bill That Adds Up May 02, 2024
    Show notes

    Blake and David examine the latest tax legislation traveling through Congress, including a new bill requiring the IRS to provide detailed explanations for math errors on tax returns. They also discuss the IRS's new direct file program, the banning of non-compete agreements, and the coolest profession around (spoiler alert: it's not accounting). Lastly, they touch on the concerning data breach at BerryDunn and the AICPA's efforts to rebrand the CPA to attract more young people to the field.

    Sponsors
    LiveFlow - http://accountingpodcast.promo/liveflow
    Zoho - http://accountingpodcast.promo/zoho
    Keeper - http://accountingpodcast.promo/keeper
    Harbor Compliance - http://accountingpodcast.promo/harbor


    Chapters
    • (02:40) - New proposed IRS Math Act
    • (05:17) - IRS wraps first season with free file program
    • (09:19) - "The Magician" tax preparer arrested for $100 million tax fraud
    • (13:32) - The future of social security
    • (17:22) - Sam Bankman-Fried makes a deal in civil suit
    • (18:55) - FTC rules noncompetes are unlawful
    • (23:53) - Ryan Tax Firm challenges FTC noncompete ruling
    • (25:14) - QuickBooks Live announcement upsets accountants
    • (37:03) - Anonymous listener says you can work normal hours and still make money
    • (40:24) - Accountant charged with embezzling $800k from CA paving firm
    • (43:32) - Ryanair CEO thinks more accountants should be running airlines
    • (50:02) - Accounting firm sued for data leak
    • (51:59) - CPA "Coolest Profession Around)
    • (56:12) - What is "Accounting Plus"
    • (01:01:15) - NASBA offers The Accountancy Licensing Library
    • (01:04:37) - Thanks for listening and remember to subscribe


    Show Notes

    Accountant Charged With Embezzling $800,000 From Paving Firm in California - CPA Practice Advisor

    https://www.cpapracticeadvisor.com/2024/04/25/virginia-accountant-charged-with-embezzling-800000-from-richmond-paving-firm/104508/

    Ryan Leads Charge Against Biden’s Ban on Noncompete Clauses - CPA Practice Advisor

    https://www.cpapracticeadvisor.com/2024/04/26/ryan-leads-charge-against-bidens-ban-on-noncompete-agreements/104537/

    Move Over, TurboTax? IRS Considers Expanding Free Tax-Filing Program – WSJ

    https://www.wsj.com/personal-finance/taxes/irs-considers-expanding-free-tax-filing-program-8f68cc9a?st=0akqqiu2v0gjb8v

    Boeing Needs Another Accountant As CEO, Says Ryanair CEO – Avweb

    https://www.avweb.com/aviation-news/boeing-needs-another-accountant-as-ceo-says-ryanair-ceo/

    Ultra-Rich Should Pay More Taxes to Save Social Security, Poll Shows - CPA Practice Advisor

    https://www.cpapracticeadvisor.com/2024/04/25/ultra-rich-should-pay-more-taxes-to-save-social-security-poll-shows/104458/

    FTC Bans Noncompete Agreements That Restrict Job Switching – WSJ

    https://www.wsj.com/politics/policy/ftc-bans-noncompete-clauses-that-restrict-job-switching-984d2187?st=sxhwibcr49evqxc

    Bronx tax preparer known as "the magician" arrested for $100 million tax fraud | ADN América

    https://adnamerica.com/en/new-york/bronx-tax-preparer-known-magician-arrested-100-million-tax-fraud

    With close calls mounting, the FAA will require more rest for air traffic controllers

    https://www.npr.org/2024/04/22/1246349237/close-calls-faa-air-traffic-control-fatigue

    New bill would force IRS to explain tax return errors | The Hill

    https://thehill.com/business/4602429-new-bill-would-force-irs-to-explain-tax-return-errors/

    The Accountancy Licensing Library: Your Ultimate Resource for CPA Licensure | NASBA

    https://nasba.org/blog/2024/04/01/the-accountancy-licensing-library-your-ultimate-resource-for-cpa-licensure/

    The cost of doing your taxes are up nearly 10% this year – Marketplace

    https://www.marketplace.org/2024/03/15/tax-preaparation-costs-up-nearly-10-percent/


    Sam Bankman-Fried agrees to help FTX investors in lawsuits against Tom Brady, Larry David

    https://nypost.com/2024/04/22/business/sam-bankman-fried-agrees-to-help-ftx-investors-in-lawsuits-against-tom-brady-larry-david/

    Intuit Hosting 'QuickBooks Live' Webinar

    https://insightfulaccountant.com/in-the-news/people-and-business/intuit-hosting-quickbooks-live-webinar/

    QuickBooks "Live Experts" May Not Be So Bad

    https://insightfulaccountant.com/accounting-tech/general-ledger/quickbooks-live-experts-may-not-be-so-bad/

    Millions more salaried workers will be eligible for overtime pay under final Biden administration rule

    https://www.cnn.com/2024/04/23/politics/overtime-pay-salaried-workers-biden/index.html

    Senators introduce bill to simplify IRS notices

    https://www.accountingtoday.com/news/senators-introduce-bill-to-simplify-irs-notices

    IRS Says It Saw ‘Strong Response’ From Direct File Pilot Users This Tax Season

    https://www.cpapracticeadvisor.com/2024/04/26/irs-saw-strong-response-from-direct-file-pilot-users-this-tax-season/104545/

    U.S. accounting firm Berry...


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