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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:
    Steve Jobs’ Genius Accounting Move Apr 28, 2022
    Show notes

    Sponsors

    Digits: https://www.cloudaccountingpodcast.promo/digits
    Synder:
    https://www.cloudaccountingpodcast.promo/synder
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    Show Notes

    4:35 – Accounting Twins Podcast

    https://www.accountingtwins.com/

    7:37 – What is Disney World's 'special district'? - The Fulcrum

    https://thefulcrum.us/balance-of-power/-2657192873

    18:35 – Details on New Hires, Most In-Demand Service Lines, CPA Exam Numbers, and More From the Latest AICPA Trends Report - Going Concern

    https://www.goingconcern.com/details-on-new-hires-most-in-demand-service-lines-cpa-exam-numbers-and-more-from-the-latest-aicpa-trends-report/?utm_source=rss&utm_medium=rss&utm_campaign=details-on-new-hires-most-in-demand-service-lines-cpa-exam-numbers-and-more-from-the-latest-aicpa-trends-report

    45:21 – Scuffle sparked at Accounting Act reform meeting

    https://www.taipeitimes.com/News/taiwan/archives/2022/04/22/2003777037


    Get in Touch

    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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    Check out our new website - accountingconferences.com


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    Classifieds

    Future Firm: futurefirmaccelerate.com

    GetW9: getw9.tax
    Firmsta: firmsta.com
    Oh My Fraud: A True Crime Podcast for Accountants: ohmyfraud.com



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    Full Transcript Available Upon Request - info@cloudaccountingpodcast.com


    Bonus Interview: Wayne Chang of Digits Apr 26, 2022
    Show notes

    Meet Our Guest, Wayne Chang

    LinkedIn: https://www.linkedin.com/in/waynechang/
    Twitter: https://twitter.com/wayne?lang=en


    Learn more about Digits

    Website: https://digits.com/

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    Get in Touch

    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

    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
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    • Spotify: http://cloudacctpod.link/Spotify
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast


    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? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.

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    Full Transcript Available Upon Request - info@cloudaccountingpodcast.com


    EY & Deloitte Fail At Social Media Apr 21, 2022
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    Show Notes

    4:41 – Art of Accounting: Energizing staff for last-minute returns

    https://www.accountingtoday.com/opinion/art-of-accounting-energizing-staff-for-last-minute-tax-returns

    11:30 – Email from Listener – Thank you!

    13:52 – Letter from Osidon

    20:17 – Email from Trevor – Thank you!

    24:08 – Voicemail from Ray – Thank you!

    37:29 – PE investment fuels M&A at Citrin Cooperman

    https://www.accountingtoday.com/news/pe-firm-buys-majority-stake-in-citrin-cooperman

    38:52 – Man who paid $2.9m for NFT of Jack Dorsey’s first tweet set to lose almost $2.9m

    https://www.theguardian.com/technology/2022/apr/14/twitter-nft-jack-dorsey-sina-estavi

    48:07 –Marvel Star Simu Liu Thanks Accounting Firm For Laying Him Off 10 Years Ago

    https://www.huffpost.com/entry/simu-liu-accounting-laid-off-anniversary_n_62575762e4b0be72bff23dad?ncid%3DNEWSSTAND0001

    Get in Touch

    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

    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


    Classifieds

    Future Firm: futurefirmaccelerate.com

    GetW9: getw9.tax
    Firmsta: firmsta.com
    Oh My Fraud: A True Crime Podcast for Accountants: ohmyfraud.com



    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? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.

    Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

    Full Transcript Available Upon Request - info@cloudaccountingpodcast.com


    Spreadsheets Are Hot Apr 14, 2022
    Show notes

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    Show Notes

    13:09 – Legislation introduced in Senate to recognize accounting as a STEM field in K-12 education

    https://www.journalofaccountancy.com/newsletters/extra-credit/legislation-introduced-recognize-accounting-as-stem-k-12-education.html

    17:16 – Diverse accounting hires on the rise, AICPA report finds | Accounting Today

    https://www.accountingtoday.com/news/diverse-accounting-hires-on-the-rise-aicpa-report-finds

    CPA firms show progress in diversity amid pipeline challenges - Journal of Accountancy

    https://www.journalofaccountancy.com/news/2022/apr/cpa-firms-show-progress-diversity-pipeline-challenges.html

    25:26 – Fake bank records are readily available as U.S. hunts for fraud | Accounting Today

    https://www.accountingtoday.com/articles/fake-bank-records-are-readily-available-as-u-s-hunts-for-fraud

    33:12 – Walmart Stops $4M in Gift Cards From Reaching Scammers Targeting Older Victims

    https://www.pymnts.com/walmart/2022/walmart-stops-4m-in-gift-cards-from-reaching-scammers-targeting-older-victims/

    35:25 – Elon Musk delayed filing a form and made $156 million

    https://www.washingtonpost.com/technology/2022/04/06/musk-twitter-sec/

    41:07 – Block Confirms Cash App Breach by Former Employee

    https://www.pymnts.com/news/security-and-risk/2022/block-confirms-cash-app-breach-by-former-employee/

    42:34 – Mailchimp says an internal tool was used to breach hundreds of accounts

    https://news.google.com/articles/CAIiEC4n0jBa41XPsQx-Of5_IEsqFAgEKg0IACoGCAowlIEBMLEXMOc_?hl=en-US&gl=US&ceid=US%3Aen

    46:33 – After Raising, Burning Through $120M+, Fast Fades Fast in One-Click Battle

    https://www.pymnts.com/startups/2022/after-raising-burning-through-120m-fast-fades-fast-in-one-click-battle/

    Fast, the checkout startup, shuts down: NPR

    https://www.npr.org/2022/04/05/1091077398/checkout-startup-fast-is-shutting-down-after-burning-through-investors-money

    50:38 – Bolt to Purchase Crypto Startup Wyre for $1.5B

    https://www.pymnts.com/acquisitions/2022/bolt-to-purchase-crypto-startup-wyre-for-1-5b/

    53:22 – Palantir alums raise $25M from Peter Thiel’s Founders Fund and other VCs for their finance startup, Mosaic | TechCrunch

    https://techcrunch.com/2022/03/30/palantir-finance-alums-raise-25m-for-mosaic-in-founders-fund-peter-thiel-led-series-b/

    Clockwork.ai Closes $2 MM Seed Funding to Automate Financial Planning and Analysis and Help Businesses 'Know Their Numbers'

    https://www.digitaljournal.com/pr/clockwork-ai-closes-2-mm-seed-funding-to-automate-financial-planning-and-analysis-and-help-businesses-know-their-numbers

    Docyt raises $11.5M Series A for its AI-powered accounting automation service | TechCrunch

    https://techcrunch.com/2022/04/06/docyt-raises-11-5m-series-a-for-its-ai-powered-accounting-automation-service/?guccounter=1

    56:31 – Thryv Hosts Investor Day, Announces SaaS Revenue Target of $1 Billion in 2027

    https://finance.yahoo.com/news/thryv-hosts-investor-day-announces-100000925.html

    59:58 – Xero appoints Chris O’Neill as Chief Growth Officer | Xero US

    https://www.xero.com/us/media-releases/xero-appoints-chief-growth-officer/

    1:02:09 – Spreadsheets Are Hot—and Cranking Out Complex Code

    https://www.wired.com/story/spreadsheets-are-hot-and-cranking-out-complex-code/


    Get in Touch

    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

    Need Accounting Conference Info?

    Check out our new website - accountingconferences.com


    It's A Data Entry Nightmare At The IRS Apr 07, 2022
    Show notes

    Sponsors

    Digits: https://www.cloudaccountingpodcast.promo/digits
    Scribe: https://cloudaccountingpodcast.promo/scribe

    Need CPE?

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

    Show Notes

    00:59 – Taxpayer advocate urges IRS to use scanners to cut backlog

    https://www.accountingtoday.com/news/taxpayer-advocate-urges-irs-to-use-scanners-to-cut-backlog

    IRS Says Paper Income Tax Returns are Major Cause of Logjam

    https://www.cpapracticeadvisor.com/tax-compliance/news/21262251/irs-says-paper-income-tax-returns-are-major-cause-of-logjam

    14:07 – FTC says TurboTax free filing not as free as advertised, Intuit vows to fight

    https://www.accountingtoday.com/news/federal-trade-commission-complaint-says-turbotax-overstated-free-file-options-intuit-vows-to-fight-back

    FTC Sues Intuit Over Deceptive TurboTax “Free” Filing Campaign

    https://smallbiztrends.com/2022/03/ftc-sues-intuit-over-deceptive-turbotax-free-filing.html

    ‘False Claims and Buried Disclosures’: FTC Says TurboTax Tricks People Into Thinking They Can File for Free

    https://money.com/turbotax-free-file-ftc-complaint/

    18:32 – Five insights gleaned from PCAOB audit committee chair report

    https://www.complianceweek.com/accounting-and-auditing/five-insights-gleaned-from-pcaob-audit-committee-chair-report/31507.article

    22:02 – House Bill Calls for Creation of Crypto-Less, Privacy-First Digital Dollar

    https://www.pymnts.com/cbdc/2022/house-bill-calls-for-creation-of-crypto-less-privacy-first-digital-dollar/

    24:58 – Voicemail from Ryan Pearcy – Thank you!

    27:02 – Hedge funds are betting against a cryptocurrency whose price shouldn’t move. Tether says the short sellers are part of a ‘clever scheme to raise capital from those less knowledgeable’

    https://www.wsj.com/articles/short-sellers-bet-tether-cryptos-central-bank-is-vulnerable-to-a-run-11648978202

    29:14 – Hackers heist $600M in crypto from blockchain network

    https://www.accountingtoday.com/news/hackers-steal-600-million-in-crypto-from-ronin-blockchain-network

    Crypto Gaming's Biggest Success Story Scammed Out Of $600 Million

    https://kotaku.com/crypto-axie-infinity-scam-exploit-blockchain-ethereum-n-1848721147

    34:12 – Accounting software: MCA yet again defers mandatory audit trail norm by 1 more year

    https://www.thehindubusinessline.com/economy/accounting-software-mca-yet-again-defers-mandatory-audit-trail-norm-by-1-more-year/article65282052.ece

    35:49 – Ask These 3 Interview Questions to Hire the Best Accountant for Your Firm

    https://news.bloombergtax.com/daily-tax-report/ask-these-3-interview-questions-to-hire-the-best-accountant-for-your-firm

    Former School of Medicine administrator pleads guilty to stealing $40 million from the University - Yale Daily News

    https://yaledailynews.com/blog/2022/03/28/former-school-of-medicine-administrator-pleads-guilty-to-stealing-40-million-from-the-university%EF%BF%BC/

    46:51 – Email from Tony – Thank you!

    54:40 – Builder.ai Raises $100M Series C Funding Led by Global Software Investor Insight Partners

    https://www.prnewswire.com/news-releases/builderai-raises-100m-series-c-funding-led-by-global-software-investor-insight-partners-301513079.html

    55:22 – Trullion tackles applying AI to accounting workflows | VentureBeat

    https://venturebeat.com/2022/03/25/trullion-tackles-applying-ai-to-accounting-workflows/

    56:43 – Finally, SMB Accounting Startup, Raises $95M | PYMNTS.com

    https://www.pymnts.com/news/investment-tracker/2022/finally-a-small-business-accounting-automation-startup-raises-95m/amp/

    Finally, a Small Business Accounting Automation Startup, Raises $95M

    https://www.pymnts.com/news/investment-tracker/2022/finally-a-small-business-accounting-automation-startup-raises-95m/

    Get in Touch

    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....


    Is QuickBooks Reporting App Digits Worth Half-A-Billion Mar 31, 2022
    Show notes

    Sponsors

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    Show Notes

    03:29 – Mister Car Wash Finding Loyalty Among Increasing Customer Base

    https://www.pymnts.com/news/retail/2022/mister-car-wash-finding-loyalty-among-increasing-customer-base/

    05:51 – Voicemail from Nikole – Thank you!

    13:08 – Intuit Rate Survey: COVID-19’s impact on accounting professionals and their clients

    https://www.firmofthefuture.com/content/intuit-rate-survey-covid-19s-impact-on-accounting-professionals-and-their-clients/

    18:00 – Half of Remote Professionals Say They Would Quit if Required to Go Back to Office

    https://www.cpapracticeadvisor.com/payroll/news/21261548/half-of-remote-professionals-say-they-would-quit-if-required-to-go-back-to-office

    20:27 – As more companies begin their return to the office, Facebook parent Meta Platforms is becoming more remote than ever before

    https://www.wsj.com/articles/mark-zuckerberg-and-metas-leadership-take-remote-work-to-the-extreme-11648040580

    24:30 – Rick Scott touts importance of 'bookkeeping' classes when asked about financial literacy bill

    https://floridapolitics.com/archives/510781-bookkeeping-scott/

    26:24 – Who stands to make and lose money if the SEC climate rule becomes law

    https://www.cnbc.com/2022/03/23/sec-climate-rule-winners-and-losers.html

    New SEC proposal would ramp up climate-change disclosures

    https://www.journalofaccountancy.com/news/2022/mar/new-sec-proposal-ramp-up-climate-change-disclosures.html

    34:09 – Advisory Services Continue to Grow in Accounting Firms

    https://www.cpapracticeadvisor.com/firm-management/article/21261215/advisory-services-continue-to-grow-in-accounting-firms

    35:54 – Madonna Becomes Latest Celeb Aboard Bored Ape

    https://www.pymnts.com/nfts/2022/madonna-becomes-latest-celeb-aboard-bored-ape-yacht-club/

    39:32 – Six months in, El Salvador’s bitcoin gamble is crumbling - Rest of World

    https://restofworld.org/2022/el-salvador-bitcoin/?utm_source=pocket-newtab

    42:52 – Digits books $65M on a $565M valuation to bring a more dynamic, automated approach to legacy accounting tools – TechCrunch

    https://techcrunch.com/2022/03/24/digits-books-65m-on-a-565m-valuation-to-bring-a-more-dynamic-automated-approach-to-legacy-accounting-tools/

    59:47 – Podcast 350: Wayne Chang of Digits - LendIt Fintech News

    https://www.lendacademy.com/podcast-350-wayne-chang-of-digits/


    Get in Touch

    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

    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
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    • Overcast: http://cloudacctpod.link/Overcast


    Classifieds

    Royalwise:learn.royalwise.com
    Future Firm: https://futurefirmaccelerate.com/
    GetW9: https://getw9.tax/
    Oh My Fraud: A True Crime Podcast for Accountants: ohmyfraud.com

    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? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.


    IRS to Clear Backlog by End of Year Mar 25, 2022
    Show notes

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    Show Notes

    01:02 – Talking Disney and Bars ...

    15:37 – Commissioner to Congress: IRS will clear backlog by year’s end

    https://www.journalofaccountancy.com/news/2022/mar/commissioner-congress-irs-will-clear-backlog-years-end.html

    16:18 – IRS plans to hire thousands likely to fall short

    https://www.accountingtoday.com/news/irs-plans-to-hire-thousands-more-employees-likely-to-fall-short

    19:50 – IRS Struggles Allow Secret Election Spending To Flourish

    https://campaignlegal.org/update/irs-struggles-allow-secret-election-spending-flourish

    20:43 – IRS Starts Using Chatbots for Calls

    https://www.cpapracticeadvisor.com/tax-compliance/news/21260152/irs-starts-using-chatbots-for-calls

    21:46 – PCAOB confirms talks with China on audit firm access

    https://www.accountingtoday.com/news/pcaob-confirms-talks-with-china-on-audit-firm-access

    25:19 – The SEC is investigating the Big Four accounting firms for potential conflicts of interest that could influence their audits, people familiar say

    https://www.wsj.com/articles/big-four-accounting-firms-come-under-regulators-scrutiny-11647364574

    28:12 – Accounting Faces Reckoning After Years of Sluggish Pay Growth

    https://news.bloombergtax.com/daily-tax-report/accounting-faces-reckoning-after-years-of-sluggish-pay-growth

    Big Four Accounting Firms Reportedly Probed by SEC

    https://www.businessinsider.com/big-four-accounting-firms-sec-probe-conflict-of-interest-report-2022-3

    32:14 – Workers Care More About Flexible Hours Than Remote Work - WSJ

    https://www.wsj.com/articles/workers-care-more-about-flexible-hours-than-remote-work-11643112004

    33:20 – 58% of Consumers Check on Work While Not in Office, Outside Normal Working Hours

    https://www.pymnts.com/connectedeconomy/2022/consumers-check-on-work-while-not-in-office-outside-working-hours/

    35:30 – Tucson woman accused of gambling away $5M in embezzled funds

    https://tucson.com/news/local/crime-and-courts/tucson-woman-accused-of-gambling-away-5m-in-embezzled-funds/article_b010f994-a70c-11ec-9940-7fa3aaccf602.html

    37:01 – Botkeeper Upgrades Bookkeeping Task Platform

    https://www.accountingweb.com/technology/accounting-software-news/botkeeper-upgrades-bookkeeping-task-platform

    39:09 – Stamped AI closes $2 million to simplify financial statement prep for SMBs

    https://betakit.com/stamped-ai-closes-2-million-to-simplify-financial-statement-prep-for-smbs/

    40:19 – FISKL introduces modern API-driven accounting for small businesses

    https://www.wfmz.com/news/pr_newswire/pr_newswire_technology/fiskl-introduces-modern-api-driven-accounting-for-small-businesses/article_9626addf-cd8b-5324-b3a0-3725c43ad8e8.html

    42:06 – AuditBoard rolls out new automation and analytics features

    https://www.accountingtoday.com/news/auditboard-releases-auditboard-automation-and-analytics-tool

    46:35 – Coinbooks raises $3.2 million to build accounting software for DAOs

    https://www.theblockcrypto.com/linked/138356/coinbooks-raises-3-2-million-to-build-accounting-software-for-daos

    46:51 – Coinbooks Gathers $3.2 Million For Developing Accounting Software To Serve DAOs

    https://www.thecoinrepublic.com/2022/03/19/coinbooks-gathers-3-2-million-for-developing-accounting-software-to-serve-daos/

    48:20 – Xerocon Sydney: Xerocon returns to Australia

    https://www.xero.com/blog/2022/03/xerocon-returns-to-australia/

    49:17 – Xero’s position on Ukraine and Russia

    https://www.xero.com/blog/2022/03/our-position-on-ukraine-and-russia/

    50:52 – The Ukraine crypto connection

    52:00 – Bitcoin Price Surges on Biden’s Crypto Executive Order

    https://www.wsj.com/articles/biden-to-order-study-of-cryptocurrency-risk-creation-of-u-s-digital-c...


    Cloud Accounting Firm Breaks Into Top 100 Mar 18, 2022
    Show notes

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    Show Notes

    01:37 – Top Firms 2022: What Great Resignation?

    https://www.accountingtoday.com/news/top-firms-2022-what-great-resignation

    03:19 – 2022 State of Accounting Firms Trends Report

    https://insights.caseware.com/caseware-2022-state-of-accounting-firms-trends-report

    05:58 – The fastest-growing firms in the U.S. — 2022

    https://www.accountingtoday.com/list/the-fastest-growing-firms-in-the-u-s-2022

    08:00 – YPTC Scores Second Place on Accounting Today’s 2021 List of Best Accounting Firms to Work For

    https://www.yptc.com/yptc-scores-second-place-on-accounting-todays-2021-list-of-best-accounting-firms-to-work-for/

    12:20 – Cloud computing expected to skyrocket in accounting firms

    https://www.accountingtoday.com/news/caseware-survey-finds-two-thirds-plan-to-increase-use-of-cloud-computing-solutions

    12:30 – Vast Majority of Accounting Firms Plan to Tap into Cloud Technology Due to Pandemic: Global Survey

    https://www.cfodive.com/press-release/20220309-vast-majority-of-accounting-firms-plan-to-tap-into-cloud-technology-due-to/

    14:25 – Email from Tyler – Audit at a Big Four – Thank you!

    21:33 – DoorDash Partners with Office Depot to Offer Business and Learning Essentials On Demand

    https://doordash.news/consumer/doordash-partners-with-office-depot-to-offer-business-and-office-essentials-on-demand/

    25:27 – A bit about surge pricing

    27:24 – IRS budget increase slashed in latest spending bill

    https://www.accountingtoday.com/news/irs-budget-increase-slashed-in-latest-spending-bill

    28:23 – IRS proposes to raise fees for enrolled agents

    https://www.accountingtoday.com/news/irs-proposes-to-raise-fees-for-enrolled-agents

    28:44 – IRS going on a hiring spree

    https://www.accountingtoday.com/news/irs-looking-to-hire-10-000-people-fast

    IRS to fast-track 10,000 hirings to address backlog

    https://www.journalofaccountancy.com/news/2022/mar/irs-fast-track-10000-hirings-address-backlog.html

    IRS direct-hiring 5,000 in service centers

    https://www.journalofaccountancy.com/news/2022/mar/irs-direct-hiring-in-service-centers.html

    29:25 – IRS audits poorest families five times as much as others

    https://www.accountingtoday.com/news/irs-audits-poorest-families-five-times-as-much-as-others

    IRS audits the poor at 5 times the rate of everyone else, analysis finds

    https://www.cbsnews.com/news/irs-audit-eitc-five-times-as-likely-to-get-audited/

    31:51 – Why underfunding the IRS hurts the accounting profession

    37:18 – Practice Ignition becomes ‘Ignition’

    https://www.accountingtoday.com/news/practice-ignition-becomes-ignition-enhances-platform

    38:17 – Contabilizei Receives Investment of $60M Led by Softbank

    https://www.pymnts.com/smbs/2022/contabilizei-receives-investment-of-60m-led-by-softbank/

    40:30 – Patriot Software patents dual-ledger feature

    https://www.accountingtoday.com/news/patriot-software-successfully-patents-dual-ledger-accounting-solution-as-software-feature

    44:35 – Chargebee acquires collections management platform

    https://www.accountingtoday.com/news/chargebee-adds-accounts-receivable-services-by-acquiring-collections-management-platform-numberz

    45:14 – MarginEdge & Intuit Launch Unified Restaurant Solution

    https://www.prnewswire.com/news-releases/marginedge--intuit-launch-unified-restaurant-solution-301485003.html

    50:35 – Fieldguide raises $17M in new funding

    https://www.accountingtoday.com/news/fieldguide-raises-20-million-in-series-a-funding-at-100-million-valuation

    52:55 – Tax and audit software reaching the clouds?

    56:01 – Exclusive: Found raises $60 million for self-employed business banking

    https://www.axios.com/exclusive-found-raises-60-million-for-self-employed-business-banking-944d74ad-d2e6-4c4a-b953-1b0a34cd7301.html

    Careers


    Big Accounting Firms Are Doomed Mar 10, 2022
    Show notes

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    Show Notes

    02:33 – David’s QBO Troll

    https://twitter.com/davidleary/status/1499514128435531800

    08:26 – Are the big firms falling apart?

    09:59 – The Big Firm Biz Model

    13:03 – Is this model sustainable?

    14:29 – Why Blake moved to tech

    17:06 – Remote work changed everything

    18:21 – Can accounting jobs be more meaningful?

    20:27 – Accounting standards haven’t changed in 100 years

    22:52 – Companies and investors don't care about the financial numbers like they used to. The metrics are changing.

    26:39 – People want a meaningful job

    28:45 – Lifestyle spending accounts - what are they?

    31:45 – Schools aren't teaching accounting students about other opportunities

    35:18 – ‘I spent 5 hours on the phone’: Woman exposes TurboTax for taking thousands of her tax return in viral TikTok

    https://www.dailydot.com/debug/tiktok-tax-return-turbotax/

    36:38 – TPG refund

    https://ttlc.intuit.com/community/after-you-file/discussion/tpg-refund/00/2511328

    39:56 – DIY vs. tax pro: How taxpayers choose

    https://www.accountingtoday.com/news/study-finds-tax-software-users-prioritize-cost-and-paid-preparer-users-prioritize-accuracy

    41:53 – Working with tax organizers needs to be easier - bad customer experience

    44:11 – Companies need to raise their prices and focus on customer experience instead of speed

    46:29 – AICPA & CIMA stand with the people of Ukraine

    https://www.fm-magazine.com/news/2022/mar/aicpa-cima-ukraine-statement.html

    49:11 – Ex-Big 4 Partner On Why the Big 4 Firms Should Pull Out of Russia: 'It's the Right Thing to Do and You Know It'

    https://www.goingconcern.com/ex-big-4-partner-why-big-4-firms-should-leave-russia/

    50:31 – Visa and Mastercard Suspend Russian Operations

    https://www.wsj.com/livecoverage/russia-ukraine-latest-news-2022-03-04/card/visa-and-mastercard-suspend-russian-operations-LAhp94TyXAXrNzaILwz5

    51:05 – Spoils of War? Ukraine Says No Taxes Due on Captured Russian Tanks

    https://www.cpapracticeadvisor.com/tax-compliance/news/21259037/spoils-of-war-ukraine-says-no-taxes-due-on-captured-russian-tanks

    52:51 – KPMG set to drop some clients over Russian sanctions

    https://www.accountingtoday.com/articles/kpmg-set-to-drop-some-clients-over-russian-sanctions

    53:05 – Grant Thornton Drops Its Russian Affiliate Over Conflict In Ukraine

    https://www.goingconcern.com/grant-thornton-drops-its-russian-affiliate-over-conflict-in-ukraine/

    Big 4 Firms Condemn Russia's Invasion of Ukraine, But Will They Sever Relationships With Any Russian Clients? (UPDATE)

    https://www.goingconcern.com/big-4-firms-condemn-russias-invasion-of-ukraine-but-will-they-sever-relationships-with-any-russian-clients/

    54:09 – Voicemail from Jack Thiel – Talking startups, etc. in accounting

    57:06 – Voicemail from Joe Cangelosi – Leaving accounting

    ‎01:02:05 – Jacob I. Oberlander, CPA on Twitter: "@BlakeTOliver We're not charging by the hour and not billing by the hour. But we're still tracking time.

    https://twitter.com/JacobOberlander/status/1498320967331983361

    01:04:01 - Technology has changed the way time is measurable for work success


    Get in Touch

    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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    Stop Payments To Stop Putin Mar 02, 2022
    Show notes

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    a2X: https://cloudaccountingpodcast.promo/A2X
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    Show Notes

    00:24 – We make snow-shoveling fun! Thanks, Jonathan!

    02:20 – Countries consider suspending Russia from the world’s main payment infrastructure

    https://twitter.com/i/events/1497079584633745408?s=12

    03:50 – What is SWIFT?

    06:10 – Will Russia just flip to crypto?

    07:23 – Lightspeed Leads Deal for Brex Rival Payhawk at $1 Billion Valuation https://www.theinformation.com/articles/lightspeed-leads-deal-for-brex-rival-payhawk-at-1-billion-valuation

    07:37 – Brex Debuts Mobile Cash Flow Management Tools

    https://www.pymnts.com/mobile-applications/2022/brex-debuts-mobile-cash-flow-management-tools/

    10:18 – Amex, Airbase Team on Accounting Automation https://www.pymnts.com/partnerships/2022/amex-airbase-team-on-automation-of-accounting-approvals-for-virtual-cards/

    12:48 – Intuit beta tests revenue sharing program with accountants https://www.accountingtoday.com/news/intuit-beta-tests-revenue-sharing-program-with-pro-advisor-accountants

    16:00 – Intuit Revenue Share - Are You Eligible?

    https://report.woodard.com/articles/intuit-revenue-share-are-you-eligible-ocawr

    ProAdvisor Revenue Share Program

    https://quickbooks.intuit.com/accountants/products-solutions/pricing-promotions/papp/revenue-share/

    20:35 – What’s new in QuickBooks Online: January 2022 – QuickBooks

    https://quickbooks.intuit.com/blog/whats-new/whats-new-in-quickbooks-online-january-2022/

    24:15 – Intuit Inc. (INTU) Second Quarter Earnings Show QuickBooks, MailChimp Revenue Growth - InvestorsObserver

    https://www.investorsobserver.com/news/stock-update/intuit-inc-intu-second-quarter-earnings-show-quickbooks-mailchimp-revenue-growth

    28:00 – The Future of QuickBooks with Hector Garcia – Earmark Accounting Podcast

    https://share.transistor.fm/s/60ebf866

    32:45 – Blake’s interview with Ben Taylor of SoftLedger

    https://share.transistor.fm/s/3edead94

    Intuit cuts sales forecast on ‘slower forming’ tax season | Accounting Today

    https://www.accountingtoday.com/articles/intuit-cuts-sales-forecast-on-slower-forming-tax-season

    Intuit Reports Second Quarter Results and Reiterates Full Year Guidance; Organic Online Ecosystem Revenue Grew 37 Percent https://www.businesswire.com/news/home/20220224005433/en/Intuit-Reports-Second-Quarter-Results-and-Reiterates-Full-Year-Guidance-Organic-Online-Ecosystem-Revenue-Grew-37-Percent

    Intuit Corp (INTU) Q2 2021 Earnings Call Transcript @themotleyfool #stocks $INTU https://www.fool.com/earnings/call-transcripts/2021/02/23/intuit-corp-intu-q2-2021-earnings-call-transcript/

    35:30 – Xero’s new App Launcher: Bringing apps closer to Xero small businesses and their advisors | Xero Blog

    https://www.xero.com/blog/2022/02/xero-app-launcher/

    New Xero App Launcher helps get more apps to small businesses https://itbrief.com.au/story/new-xero-app-launcher-helps-get-more-apps-to-small-businesses

    Introducing the new Xero App Launcher | by Xero Developer | Feb, 2022 | Xero Developer https://devblog.xero.com/introducing-the-new-xero-app-launcher-ab6a21a650be

    38:50 –Introducing Xero Product Ideas | Xero Blog

    https://www.xero.com/blog/2022/02/introducing-xero-product-ideas/

    42:50 – Dallas Accounting Platform Rebrands as Once, Then Gets Selected by Industry Accelerator Program » Dallas Innovates

    https://dallasinnovates.com/dallas-accounting-platform-rebrands-as-once-then-gets-selected-by-aicpa-accelerator-program/

    43:43 – Bench strength: Shopify hires accounting software entrepreneur Ian Crosby to oversee banking products | Ottawa Business Journal https://www.obj.ca/article/techopia/bench-strength-shopify-hires-accounting-software-entrepreneur-ian-crosby-oversee

    48:00 – Feedback on our compilations discussion – Thank you, Chris!

    48:45 – Now Trump Says His Accounting Firm Was 'Broken' By 'Radical Leftist' Racists https://www.huffpost.com/entry/trump-radical-leftist-racists-mazars-usa_n_6212e537e4b08ee35ee43b3c

    50:28 – Email from Eric Fraint, President, and Founder of YPTC weighs in on timesheets. Thank you, Eric!

    56:58 – Ford Baker, creator...


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