The Accounting Podcast

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**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.

Latest Episodes:

Silicon Valley Bank Collapse: Understanding The Impact On Your Firm & Clients Mar 13, 2023

Show notes

Bank Collapse App Information:
https://bankcollapseapp.info/

Meet Our Guests:

Matthew May
LinkedIn: https://www.linkedin.com/in/thetechcpa/
Twitter: @TheTechCpa
Website: Acuity.co

Mike Moïse
LinkedIn: https://www.linkedin.com/in/mikemoise/
Twitter: @mavidormike
Website: https://www.leadwithvalue.team/

Rey Arellano, CPA PFS CGMA
LinkedIn: https://www.linkedin.com/in/reynaldoarellano/

Akshay Shrimanker
LinkedIn: https://www.linkedin.com/in/shaycpa/
Twitter: @ShayCPA
Website: Shaycpa.com

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Thanks 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, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040

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Catching Up On AccounTech News Mar 10, 2023

Show notes

Majority of CAS practices support 3+ general ledgers; KPMG may have turned a blind eye to deforestation; Intuit to replace QuickBooks Desktop POS with Shopify; Startup accelerators from Intuit and AICPA

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(00:00) - Catching Up On AccounTech News
(00:31) - Introduction and why we are doing this extra episode
(01:26) - Voice authentication in the banking industry
(04:29) - ESG update from David
(13:46) - Deloitte's Australia becomes a victim of fraud
(16:29) - Armanino crypto team has now started a new firm
(17:33) - CAAS by the numbers
(26:24) - Why switching from QuickBooks to Xero or vice versa is so difficult
(30:22) - Accounting conferences entry fees excludes average CPA from going
(36:28) - Listener mail on pricing
(41:23) - QuickBooks POS system is partnering with Shopify
(45:14) - AICPA and CPA.com new startup accelerator cohort
(48:54) - Intuit cohort of startups
(51:26) - Revolut struggles
(57:54) - How to contact Blake or David

Show Notes

Revolut auditor concerned over £477m in late accounts

https://www.accountancydaily.co/revolut-auditor-questions-ps477m-late-accounts

Intuit Announces 2023 Cohort of Toronto Startup Accelerator Program

http://www.businesswire.com/news/home/20230302005347/en/Intuit-Announces-2023-Cohort-of-Toronto-Startup-Accelerator-Program/?feedref=JjAwJuNHiystnCoBq_hl-SP7CEH_PxTjduXJ0SDrbU6qcp-o_pnudlUwsb5apQ1S4gUE65BTfjH3-pSuqdv0gW3cb3F4oTIgUqCPafFkgu67Ap_pA_yJ1XPgPy1DuJnY

The Dishonest Accounting of Net-Zero Emissions

https://capitalandmain.com/the-dishonest-accounting-of-net-zero-emissions

AICPA and CPA.com Announce 2023 Startup Accelerator Cohort

https://www.cpapracticeadvisor.com/2023/02/28/aicpa-and-cpa-com-announce-2023-startup-accelerator-cohort/77261/

Say Goodbye to QuickBooks Desktop Point-of-Sale

https://www.intuitiveaccountant.com/accounting-tech/general-ledger/say-goodbye-to-quickbooks-desktop-point-of-sale/

AICPA & CIMA Sponsor Inaugural 'IFRS Sustainability Symposium'

https://www.intuitiveaccountant.com/in-the-news/people-and-business/aicpa-cima-sponsor-inaugural-ifrs-sustainability-symposium/

Professional accountants fall out of favour on ESG assurance

https://www.responsible-investor.com/professional-accountants-fall-out-of-favour-on-esg-assurance/

ESG Reporting Now Common at Large Companies, But Report ...

https://www.cpapracticeadvisor.com/2023/02/28/esg-reporting-now-common-at-large-companies-but/77221/

Voice Cloning: A Blessing or a Curse for the Voice Banking Industry?

https://www.finextra.com/blogposting/23813/voice-cloning-a-blessing-or-a-curse-for-the-voice-banking-industry

Revolut User Base Grows Alongside Auditor Warnings

https://www.pymnts.com/news/digital-banking/2023/revolut-user-base-grows-alongside-auditor-warnings/

How auditing giant KPMG became a global sustainability leader while serving companies accused of forest destruction - ICIJ

https://www.icij.org/investigations/deforestation-inc/audit-firms-kpmg-environmental-sustainability-logging/

AICPA and CPA.com announce new startup accelerator cohort for 2023 | Accounting Today

https://www.accountingtoday.com/news/aicpa-and-cima-announce-new-startup-accelerator-cohort-for-2023

Xero Announces New Chief Product Officer - CPA Practice Advisor

https://www.cpapracticeadvisor.com/2023/02/28/xero-announces-new-chief-product-officer/77265/

IRS Processing Returns as Fast as It Gets Them - CPA Trendlines

https://cpatrendlines.com/2023/02/27/irs-processing-returns-as-fast-as-it-gets-them/

Tweet from Ryan Elblein re: cost of ENGAGE

https://twitter.com/relblein/status/1631125387005640704?s=12&t=bI7JWUng6zVr0Ei5O2Qv3g

[CAP] Accounting / Finance as a percentage of Revenue

https://mail.google.com/mail/u/0/?tab=cm#inbox/FMfcgzGrcjRMDlRGJhxfWPBrwJQzLxWQ

CAS by the numbers | Accounting Today

https://www.accountingtoday.com/list/cas-by-the-numbers

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and ...

Bridging the Skills Gap for New Accounting Graduates Mar 08, 2023

Show notes

Guest: Dr. Josh McGowan, CPA from Troy University; Blake calculates the cost of the 150-hour rule; Minnesota says AICPA & NASBA are not the regulators; Accounting department budgets at risk

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(00:00) - Preview: The struggle is finding students who want to be an accounting major
(00:49) - Josh McGowan joins the show
(02:08) - Why should a student choose to be an accounting major
(09:16) - How is accounting enrollment trending at your University?
(12:06) - David asks Josh survey questions from a CPA Journal article
(23:20) - How do we fix the work/life balance image of bigger firms
(25:52) - Josh tell us your personal accounting journey
(34:24) - Blake shares some listener mail
(39:05) - Are students with accounting exposure in high school better prepared for college accounting classes?
(40:23) - Lets talk about the 150 hour rule with Josh
(54:16) - Is the branding of the accounting profession the bigger problem?
(01:05:04) - What if we change the 150 requirement and still have a pipeline issue?
(01:09:21) - Should accountants even need a bachelor's degree?
(01:18:36) - Wrap up and where to find Josh online

Show Notes

The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

https://www.goingconcern.com/the-beef-between-the-aicpa-and-minnesota-over-the-150-hour-rule-heats-up/

An Update on the Future of Accounting Education

https://www.cpajournal.com/2022/11/14/an-update-on-the-future-of-accounting-education/

The cost of the 150-hour rule: $2 billion

https://www.accountingtoday.com/opinion/the-cost-of-the-150-hour-rule-2-billion

Former Accounting Team of FTX US Auditor Armanino Sets Up Shop as The Network Firm

https://www.coindesk.com/tech/2023/03/01/former-accounting-team-of-ftx-us-auditor-armanino-sets-up-shop-as-the-network-firm/

Entigrity Honored with 'Dream Companies to Work For' and 'Best ...

https://www.prnewswire.com/in/news-releases/entigrity-honored-with-dream-companies-to-work-for-and-best-employer-brand-award-by-world-hrd-congress-301751496.html

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Full Transcript Available Upon Request: info@cloudaccountingpodcast.com

China Tells State Firms To Drop Big Four Auditors Mar 01, 2023

Show notes

IRS stuck on 1970's technology; Twitter poll says change back to 120 hours; Photos prove accounting thought leaders met; Intuit's 2023 Q2 Results

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(00:00) - China Tells State Firms to Drop Big Four
(00:04) - Preview: "The IRS is broken"
(00:48) - Blake and David recap the CPA Educators Conference
(08:06) - Some quick listener feedback and Blake interviewed a guest earlier in the week
(10:23) - China is telling firms to drop their Big 4 auditors
(14:09) - Some updates from Intuit's latest earnings report
(19:06) - Blake gives live Chat GPT demo on email responses
(22:41) - Vanderbilt University is getting criticized for using Chat GPT to write sympathy email to Michigan State
(24:04) - The IRS is using 60 year old technology and won't upgrade it
(29:04) - Open Secrets article on Intuit's lobbying money
(31:21) - Blake checks in on some live viewer chat
(33:07) - The Big 4 and their purpose statements
(36:03) - Interview with Jimmy Corley and the 150 hour rule
(50:52) - Blake shares a poll from Twitter on 150 hour requirement
(52:35) - Criticism on CPA Practice Advisors photo op and article on future of profession
(54:56) - Join us next week and where to reach Blake and David

Show Notes

Opinion | Badly outdated technology plagues the IRS - The Washington Post

https://www.washingtonpost.com/opinions/2023/02/22/outdated-technology-irs/

China urges state firms to drop Big Four auditors on data risk | Accounting Today

https://www.accountingtoday.com/articles/china-urges-state-firms-to-drop-big-four-auditors-on-data-risk

Twitter Poll: Should 150 college credits be required or 120 to be a CPA?

https://twitter.com/mikesyl36625988/status/1626946277127729155?s=12&t=ETTs0WOvobuoMmjCN8GztQ

What You Should Know About Changing the 150 Hour Rule Before You Debate For or Against It

https://www.goingconcern.com/150-hour-rule-changes-issues/

Accounting Thought Leaders Discuss Future of the Profession, Advisory Services, and Tax

https://www.cpapracticeadvisor.com/2023/02/21/accounting-thought-leaders-discuss-future-of-advisory-and-tax/76941/

Opinion | The IRS should not be running on 60-year-old technology

https://www.washingtonpost.com/opinions/2023/02/22/outdated-technology-irs/

Intuit's (INTU) Q2 Earnings and Revenues Beat Estimates

https://www.zacks.com/stock/news/2058809/intuit-s-intu-q2-earnings-and-revenues-beat-estimates?cid=CS-ZC-FT-analyst_blog|earnings_article-2058809

China to shift away from Big Four accounting firms

https://asiatimes.com/2023/02/china-to-shift-away-from-big-four-accounting-firms/

Intuit Inc. (INTU) Q2 2023 Earnings Call Transcript

https://seekingalpha.com/article/4581444-intuit-inc-intu-q2-2023-earnings-call-transcript

Intuit Reports Strong Second Quarter Results and Reiterates Full Year Guidance

http://www.businesswire.com/news/home/20230223005037/en/Intuit-Reports-Strong-Second-Quarter-Results-and-Reiterates-Full-Year-Guidance

How CPA Firms Are Engaging the Next Tax and Accounting Pros

https://news.bloombergtax.com/tax-insights-and-commentary/how-cpa-firms-are-engaging-the-next-tax-and-accounting-pros

TurboTax parent company Intuit is pouring more money than ever into lobbying amid push for free government-run tax filing

https://www.opensecrets.org/news/2023/02/turbotax-parent-company-intuit-is-pouring-more-money-than-ever-into-lobbying-amid-push-for-free-government-run-tax-filing/

Get in Touch

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NASBA Says No Way To Lower 150-Hour Rule Feb 22, 2023

Show notes

Guest Randy Crabtree of The Unique CPA podcast; the UK has an accountant turnover crisis, too; should accountants unionize? Field service app Jobber raises $100 million and more!

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(00:00) - Thank you to our sponsor, SuiteFiles
(00:26) - Preview: Why Saas businesses look horrible on paper
(01:08) - Introduction and welcome Randy Crabtree to the show
(03:04) - Some background on Randy and his firm
(05:14) - NASBA votes on keeping the 150 hour requirement
(08:56) - Will CPAs and audits even be necessary in the future?
(11:48) - Did Randy have to get 150 hours?
(15:54) - Accounting as an AP class and how to reach more high school students
(21:59) - Thank you to our sponsor, SuiteFiles
(23:25) - Checking in on the live chat
(27:10) - Losing accountants isn't just a United States problem
(29:47) - The University of Arizona partners with Deloitte for an accounting scholarship program
(30:35) - Blakes plays a clip from Planet Money
(35:08) - Thank you to our sponsor, LiveFlow
(36:25) - Jobber raises $100 million and the SaaS business model
(42:03) - Client Hub launches a free recategorized plan
(43:35) - Google Calendar now fights calendar spam
(45:23) - Thank you to our sponsor, Anchor
(47:02) - CFO's vow to boost their tech influence in 2023
(47:48) - New Zealand company Hnry, raises $35 million in series B
(49:03) - Chat CPA website
(53:16) - Zapier blog post on best AI productivity tools
(56:27) - Randy has to run, and another check on the chat
(01:00:02) - Hinge Research put out a high growth study for 2023
(01:01:26) - Would accountants support a type of "union" for better working conditions?
(01:06:49) - A few listener emails
(01:11:58) - Wrap up and where to reach Blake and David
(01:13:36) - Client Hub
(01:14:12) - RightTool
(01:14:35) - Future Firm Accelerate
(01:15:22) - How to advertise in these classifieds

Show Notes

The best AI productivity tools in 2023 | Zapier

https://zapier.com/blog/best-ai-productivity-tools/

The Accountant Shortage Isn't Bad Enough For NASBA to Entertain Dropping the 150 Hour Requirement - Going Concern

https://www.goingconcern.com/nasba-150-hour-rule-accountant-shortage/

HF 1749 as introduced - 93rd Legislature (2023 - 2024)

https://www.revisor.mn.gov/bills/text.php?number=HF1749&session=ls93&version=list&session_number=0&session_year=2023&keyword_type=all&keyword=Accountancy

ChatCPA - Chat with an A.I. trained by a CPA

https://www.chatcpa.io/

Google adds a new way to block calendar spam. Here’s how to use ithttps://www.cnbc.com/2022/07/20/how-to-block-google-calendar-spam-with-a-new-feature-that-stops-it.html

Client Hub Launches a Free Recategorize Plan - CPA Practice Advisor

https://www.cpapracticeadvisor.com/2023/02/13/client-hub-launches-a-free-recategorize-plan/76782/

NASBA upholds 150-hour education requirement for CPA licensure - Journal of Accountancy

https://www.journalofaccountancy.com/news/2023/feb/nasba-upholds-150-hour-education-requirement-for-cpa-licensure.html

CFOs Vow to Boost Tech Influence in 2023

https://www.cfo.com/technology/2023/02/tech-spending-2023-finance-team/

LinkedIn poll: Should accountants unionize?

https://www.linkedin.com/posts/blaketoliver_accountants-activity-7016853793652838402-2_cC?utm_source=share&utm_medium=member_ios

Self-employed bookkeeping platform Hnry books $35 million Series B

https://www.startupdaily.net/topic/funding/self-employed-bookkeeping-platform-hnry-books-35-million-series-b/

Jobber fixes on $100M as its platform for home services pros hits ...

https://techcrunch.com/2023/02/07/jobber-fixes-on-100m-as-its-platform-for-home-services-pros-hits-200k-users/

Eller College scholarship aims to promote diversity in accounting

https://azbigmedia.com/business/eller-college-scholarship-aims-to-promote-diversity-in-accounting/

KPMG becomes first Big Four accounting firm to cut staff in US: Report

https://www.indiatoday.in/business/story/kpmg-becomes-first-big-four-accounting-firm-to-cut-staff-in-us-2335430-2023-02-16

The Impact of AI on the Accounting Profession

https://www.cpapracticeadvisor.com/2023/02/13/the-impact-of-ai-on-the-accounting-profession/76772/

Accounting: uncovering the hidden gem of the math department

https://www.inklingsnews.com/opinions/2023/02/10/accounting-uncovering-the-hidden-gem-of-the-math-department/

Third of accountants consider changing jobs

https://www.accountancydaily.co/third-accountants-consider-changing-jobs

Get in Touch

Thanks for listening and for ...

AICPA's 8-Point Plan To Fix The Accounting Pipeline Problem Feb 14, 2023

Show notes

We dissect the AICPA's plan; Short seller Hindenburg Research reports that Adani Group had 23 and 24 year-old auditors sign off on financials. WSJ asks: "How can we make accounting cool?"; Biden vows to veto GOP plan to abolish the IRS; CPA exam takers down 25% since 2018; IRS too busy to replace old computers, suspends project

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(00:00) - Thank you to our sponsor, OnPay
(00:19) - Preview:
(01:01) - Introduction and some of what we'll cover this episode
(03:13) - NPR Marketplace interview with Adrienne Gonzalez and the struggle to find accountants
(10:30) - AICPA's town hall
(16:43) - Thank you to our sponsor, OnPay
(18:01) - Checking in on our live chat
(21:12) - Matt asks for ideas on how he should obtain his 150 hours
(27:47) - Thank you to our sponsor, Relay
(29:55) - Accounting Today article on CPA exam pass rates falling in 2022
(35:59) - GAO says IRS gave up on computer systems upgrade
(39:49) - Thank you to our sponsor, First Republic Bank
(40:35) - Republican bill to abolish the IRS
(43:15) - Lets talk about Adani Group's auditors
(46:20) - Tether releases latest attestation report
(48:51) - Nikole's voicemail and the Accounting High bracket
(51:32) - Company holds "funeral" for QuickBooks
(53:35) - Blake reads some listeners comments and feeback
(58:05) - Wrap up and the CAP is going ti Expensicon!
(59:46) - Classifieds
(59:48) - Client Hub
(01:00:24) - RightTool
(01:00:46) - Federal Tax Updates Podcast
(01:01:59) - How to advertise in these classifieds

Show Notes

How Can We Make Accounting Cool? - WSJ

https://www.wsj.com/articles/how-can-we-make-accounting-cool-11675973909

If You Let 23-Year-Olds Sign Off on Audits, You're Gonna Have a Bad Time

https://www.goingconcern.com/adani-group-auditors/

Why there's a national shortage of accountants

https://www.marketplace.org/2023/02/07/as-tax-season-approaches-accounting-firms-are-short-on-staff/

Biden Vows to Veto GOP Plan to Abolish the IRS

https://www.cpapracticeadvisor.com/2023/02/02/biden-vows-to-veto-gop-plan-to-abolish-the-irs/76458/

Controller - National Women's Soccer League (New York · NY)

https://www.teamworkonline.com/soccer-jobs/nwslsoccer/nwsl-league-office/controller-2034269

What’s New in FreshBooks – 2023

https://www.freshbooks.com/blog/product-updates-2023

Self-employed bookkeeping platform Hnry books $35 million Series B

https://www.startupdaily.net/topic/funding/self-employed-bookkeeping-platform-hnry-books-35-million-series-b/

McDonalds Presidents Says California FAST Act Will Kill Restaurants

https://smallbiztrends.com/2023/01/mcdonalds-presidents-says-california-fast-act-will-hurt-small-business.html

New York Requires Disclosure in Small Businesses Financing

https://www.pymnts.com/news/regulation/2023/new-york-requires-disclosure-in-small-businesses-financing/

Almost 70K ‘questionable’ Social Security numbers used for $5.4B in pandemic-related loans: watchdog

https://thehill.com/policy/finance/3837329-almost-70k-questionable-social-security-numbers-used-for-5-4b-in-pandemic-related-loans-watchdog/

The 15 largest banks in the US

https://finance.yahoo.com/news/15-largest-banks-us-160040404.html

Football, lifeguarding, college and accounting

https://hoganstand.com/article/index/326378

Password Managers – An Insightful Accountant Software Comparison

https://www.intuitiveaccountant.com/accounting-tech/vendor-news/password-managers-an-insightful-accountant-software-comparis/

IRS more likely to audit Black taxpayers

https://www.accountingtoday.com/news/irs-more-likely-to-audit-black-taxpayers

Press Release- February 1, 2023: Superintendent Adrienne A. Harris Adopts Updated Regulation For Disclosure Requirements For Commercial Financing

https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202302011

Crypto’s One-Time Favorite Bank Faces Federal Probe Into FTX Relationship

https://www.pymnts.com/cryptocurrency/2023/cryptos-one-time-favorite-bank-faces-federal-probe-into-ftx-relationship/

US Bank launches automated direct deposit switching

https://bankautomationnews.com/allposts/payments/us-bank-launches-automated-direct-deposit-switching/

Chase to Expand Small Business Banking Workforce by 20%

https://www.pymnts.com/digital-first-banking/2023/chase-to-expand-small-business-banking-workforce-by-20-pct/

How Intuit is Going to Save Accounting Feb 08, 2023

Show notes

Guest: Intuit Accountants leader Ted Callahan; The latest on QuickBooks Connect 2023; How to defend against ChatGPT stealing your job; Crypto lender Celsius used QuickBooks, too!

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(00:00) - Thank you to our sponsor, Relay
(00:26) - Intuit's "Prosperity Ladder"
(01:04) - Introduction: Welcome Ted Callahan to the show
(02:23) - Earmark launched "Crypto With Accountants"
(03:35) - What is Ted's job title and what does he do day to day at Intuit
(07:33) - What will Chat GPT and AI change in the accounting industry
(09:28) - Will some of Intuit's own internal technology be available for customers to use?
(12:08) - Thank you to our sponsor, Relay
(13:19) - The Intuit message has changed re: taxes
(18:44) - How do you respond to people who say Intuit is now an accountants competitor?
(22:53) - Are intuit accounting employees part time? Full time? Get benefits?
(26:45) - Thank you to our sponsor, LiveFlow
(28:02) - Expanding more on Intuit's accounting employees
(33:53) - What should a young owner of a small accounting firm focus on? Where is the opportunity?
(38:06) - Let's talk a little about pricing
(41:38) - Blake checks in on the live chat
(44:40) - Thank you to our sponsor, 3
(46:03) - Some thought on QuickBooks Connect 2022 and plans for QB Connect 2023
(50:17) - FTX and Celsius were on QuickBooks... should they have been?
(55:33) - ChatGPT article in Medium using accountants as examples
(01:04:25) - David reads a job posting and wrap up
(01:07:22) - Client Hub
(01:07:59) - RightTool
(01:08:21) - Federal Tax Updates Podcast
(01:09:35) - How to advertise in these classifieds

Show Notes

Celsius Was Using QuickBooks for Its Accounting—Just Like FTX – Decrypt

https://decrypt.co/120284/celsius-quickbooks-accounting-ftx

Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible

https://coingeek.com/celsius-tosses-scraps-to-victims-alex-mashinsky-thought-himself-infallible/

Celsius Network: Final report from the examiner — lies, incompetence and Ponzi schemes

https://davidgerard.co.uk/blockchain/2023/02/01/celsius-network-final-report-from-the-examiner-lies-incompetence-and-ponzi-schemes/

Intuit Supercharges Virtual Expert Platform with AI Enhancements to Streamline Expert-Assisted Tax Filing

https://aithority.com/machine-learning/intuit-supercharges-virtual-expert-platform-with-ai-enhancements-to-streamline-expert-assisted-tax-filing/

Will ChatGPT replace you?

https://medium.com/@theo.seeds/will-chatgpt-replace-you-36b05cebe160

AI is not a threat to the accounting profession: as written by an AI

https://www.accountingtoday.com/opinion/ai-is-not-a-threat-to-the-accounting-profession-as-written-by-an-ai

Will ChatGPT replace you?. How to tell if you’re gonna lose your… | by Theo Seeds | Jan, 2023

https://medium.com/@theo.seeds/will-chatgpt-replace-you-36b05cebe160

QuickBooks Live Bookkeeping Pricing - Quickbooks

https://quickbooks.intuit.com/live/pricing/

QuickBooks Connect FAQ

https://quickbooksconnect.com/faq/

Get in Touch

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Remote Work Accountants Are More Billable Feb 03, 2023

Show notes

Recession needed to increase accounting grads; Amber Setter on improving the CPA pipeline; 2023 tax season officially starts; tech layoffs hit accounting tech

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(00:00) - Thank you to our sponsor, Keeper
(00:20) - Preview : Accountants are prestressed for busy season
(00:56) - Blake is in Tucson; Welcome Amber to the show
(04:29) - Who is your ideal customer for coaching?
(06:42) - Remote workers save an average of 72 minutes per day
(14:49) - Thank you to our sponsor, Keeper
(16:22) - YouTube Live comment from Sam on working from home
(18:07) - WSJ says the job market for remote workers is shrinking — but the demand is still high
(19:37) - Will tech layoffs lead college students to accounting?
(22:17) - Is it realistic for someone in tech to transition into accounting?
(25:43) - Thank you to our sponsor, LiveFlow
(27:03) - George Santos was involved in an alleged $17 million Ponzi scheme in Florida
(29:46) - Moody's is working on a scoring system for stable coins
(31:09) - Wash sales represent up to 77% of trades on unregulated crypto exchanges
(32:56) - The IRS released guidance on crypto check mark on 1040s
(33:56) - Are accountants more optimistic for the 2023 tax season
(37:53) - Thank you to our sponsor, Anchor
(39:42) - The IRS has opened an online portal where businesses can file 1099s
(42:08) - A few QuickBooks updates
(43:45) - AccountingWED article summarizing all the accounting tech layoffs
(46:42) - ChatGPT updates
(48:41) - Rocket Lawyer has launched Rocket Tax
(53:15) - Listener mail from Greg on his firm actually looking for more clients
(58:39) - Message from Jared about Right Tool
(01:01:33) - Wrap up, where to reach Amber, and one new review
(01:04:17) - Client Hub
(01:04:54) - RightTool
(01:05:16) - Federal Tax Updates Podcast
(01:06:30) - How to advertise in these classifieds

Show Notes

New Xero data sees US small business sales slow as consumer spending tightens

https://www.xero.com/us/media-releases/xero-small-business-insights-usa-january-2023/

KPMG Vice Chair Hopes All the Tech Layoffs Will Scare College Kids Into Accounting

https://www.goingconcern.com/kpmg-vice-chair-hopes-all-the-tech-layoffs-will-scare-college-kids-into-accounting/

TurboTax Tax Trends Report

https://blog.turbotax.intuit.com/life/turbotax-tax-trends-report-tax-year-2021-53767/

The Argument for Accounting

https://merrimacknewspaper.com/the-argument-for-accounting/

Accounting Software Maker IRIS Sees 30% Growth

https://www.cpapracticeadvisor.com/2023/01/24/accounting-software-maker-iris-sees-30-growth/76127/

IRS clarifies crypto question on tax form

https://www.accountingtoday.com/news/irs-clarifies-crypto-question-on-tax-form

This forensic accounting startup in Seattle is helping lawyers solve ...

https://www.geekwire.com/2023/this-forensic-accounting-startup-in-seattle-is-helping-lawyers-solve-fraud-investigations/

Bookkeeper Job Description

https://www.executivepastoronline.com/bookkeeper-job-description/

The Largest Accounting Firm in Kentucky Thinks a Tower Will Win the Talent War

https://www.goingconcern.com/the-largest-accounting-firm-in-kentucky-thinks-a-tower-will-win-the-talent-war/

Important Changes to QuickBooks Related 1099 Filing and Billing for 2023

https://www.intuitiveaccountant.com/accounting-tech/general-ledger/important-changes-to-quickbooks-related-1099-filing-and-bill/

Over 2 in 3 small business owners already feel burnt out in first week of 2023 Intuit QuickBooks research shows

https://finance.yahoo.com/news/over-2-3-small-business-090000132.html

IRS opens 2023 tax filing season

https://www.accountingtoday.com/news/irs-opens-2023-tax-filing-season

Small businesses lament Sage's monthly subscription changes amid rising costs

https://www.itpro.co.uk/software/369796/small-businesses-lament-sages-monthly-subscription-changes-amid-rising-costs

Rocket Lawyer Launches Tax Prep Tool for Small Business Owners

https://smallbiztrends.com/2023/01/rocket-tax-software-for-small-business.html

State Corporate Income Tax Rates and Brackets for 2023

https://taxfoundation.org/state-corporate-income-tax-rates-brackets-2023/

3.4m still need to file tax return

https://www.accountancydaily.co/34m-still-need-file-tax-return

Melio Launches Integration To Sync Payments Data with Xero

https://www.prnewswire.com/news-releases/melio-launches-integration-to-sync-payments-data-with-xero-301728971.html

Firms Hope to Win With Receipt Data Solutions but Implementation Issues Abound

Transform #5: From Cashier to Director of Accounting Jan 27, 2023

Show notes

Meet Our Guest, Lea Briscoe
LinkedIn: https://www.linkedin.com/in/lea-briscoe-0765418/

Learn more about Purple Wave
https://www.purplewave.com/

Need CPE?

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

Get in Touch

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
Podchaser: http://cloudacctpod.link/podchaser
Spotify: http://cloudacctpod.link/Spotify
Stitcher: http://cloudacctpod.link/Stitcher
Overcast: http://cloudacctpod.link/Overcast
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Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

Make ChatGPT Fire Clients Jan 26, 2023

Show notes

Sponsors
Keeper - https://cloudaccountingpodcast.promo/keeper
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Need CPE?

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Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe

(00:00) - Thank you to our sponsor, Keeper
(00:20) - Preview: Will AI replace accountants in audits
(01:04) - Introduction and quick recap of Blake's week in Park City
(03:43) - Earmark has launched a new Federal Tax Updates podcast
(07:15) - Source says Square is launching their own GL
(10:46) - Some final takeaways from skiing trip
(13:18) - Thank you to our sponsor, Keeper
(14:55) - Article about a high school student who wants to become an accountant
(17:56) - IRS audit rates declined further in 2022
(19:10) - The Tax Foundation made a graphic on the IRS backlog
(21:54) - Accountants need to narrow their scope in 2023
(23:13) - Canadian accounting firm sues employee for overbilling on timesheets
(28:46) - Thank you to our sponsor, Relay
(30:04) - "Office Space" inspired sofrware engineering scam
(32:40) - Are mid-career CPAs happy in your firm?
(36:25) - David's first reaction to Chat GPT
(41:28) - Thank you to our sponsor, First Republic Bank
(42:31) - Blake uses Chat GPT live to demonstrate what it can do
(47:33) - Chad Davis uses Chat GPT to write fake CAP episode intro
(49:46) - Somebody used Chat GPT to try to pass a chartered accountant exam in England
(54:45) - Paula's message and idea about a national CPA license
(58:38) - Tori's email on how a radical step is needed to change the AICPA
(59:53) - Deanna asks for best apps to import journal entries into QBO Advanced
(01:01:47) - Accounting firms might want to look into hiring some of these laid off tech employees
(01:02:26) - Checking in on the live chat discussion on ChatGPT
(01:04:09) - Wrap up and reminder to subscribe to our YouTube channel
(01:07:29) - Classifieds
(01:07:31) - Client Hub
(01:08:08) - RightTool
(01:08:30) - Federal Tax Updates Podcast
(01:09:44) - How to advertise in these classifieds