The Accounting Podcast

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What Accountants Can Learn from Apple's $19 Polishing Cloth Nov 03, 2021

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Show Notes

1:25 – We’re back from Scaling New Heights! Teslas, double-decker booths, and vaccination tales, oh my!

8:25 – Wanna win a Tesla? Go here:

https://use.expensify.com/teslagiveaway

ExpensifyApproved! Accountants Can Win a Free Tesla from Expensify!

https://www.businesswire.com/news/home/20211025005776/en/ExpensifyApproved%21-Accountants-Can-Win-a-Free-Tesla-from-Expensify

10:15 – Scaling New Heights 2022: Thrive

https://www.woodard.com/2022-scaling-new-heights-registration

11:13 – Parker Conrad’s Rippling is now valued at $6.5 billion — more than Zenefits at its peak

https://techcrunch.com/2021/10/21/parker-conrads-rippling-is-now-valued-at-6-5-billion-more-than-zenefits-at-its-peak/

16:25 – Woodard Announces Partnership with Wolters Kluwer

https://report.woodard.com/articles/woodard-announces-partnership-with-wolters-kluwer-fpwr

18:20 – Gusto acquires Remote Team

https://www.accountingtoday.com/news/gusto-acquires-remote-team

19:40 – FBI Raids Chinese Point-of-Sale Giant PAX Technology

https://krebsonsecurity.com/2021/10/fbi-raids-chinese-point-of-sale-giant-pax-technology/

22:46 – What’s new in QuickBooks Online: October 2021

https://quickbooks.intuit.com/blog/whats-new/whats-new-in-quickbooks-online-october-2021/

25:55 – Audit Sight takes on new capital to eliminate all of the back and forth between auditors, companies

https://techcrunch.com/2021/10/22/audit-sight-takes-on-new-capital-to-eliminate-all-of-the-back-and-forth-between-auditors-companies/

27:54 – Xero serves US CrossFit community as preferred accounting platform

https://www.xero.com/blog/2021/10/us-crossfit-community-preferred-accounting-platform/

29:57 – Accountants’ favorite apps: 2021 edition

https://www.accountingtoday.com/list/accountants-favorite-apps-2021-edition

36:10 – Blake is Relay's new Accounting Community Advocate

https://www.accountingtoday.com/list/on-the-move-sax-presents-annual-founders-award

38:59 – SURVEY: Office 365 Dominates Accounting Offices

https://cpatrendlines.com/2021/10/14/survey-office-365-dominates-accounting-offices/

43:50 – ProPublica is hiring an accountant

https://www.linkedin.com/jobs/view/finance-associate-at-propublica-2781745917

46:31 – CEO Video Series: Putting Destination CPA Back on Accounting Students’ Radar

https://vimeo.com/638007048

51:31 – A CPA Pipeline Report: Decoding the Decline

https://www.icpas.org/information/professional-issues/decoding-the-decline

53:14 – Apple’s Most Back-Ordered New Product Is Not What You Expect

https://www.nytimes.com/2021/10/29/technology/apple-polishing-cloth.html

57:03 — Listener Mail – Thanks, Ryan Pearcy! Check out his podcast, Digi-Tools in Accrual World!

https://digitoolsinaccrual.world/

58:49 – Man spent $57,789 in coronavirus relief aid on a Pokémon card, feds say

https://www.npr.org/2021/10/25/1049011060/coronavirus-relief-aid-pokemon-card

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Using Data To Fuel Growth With NetSuite Founder Evan Goldberg Oct 28, 2021

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Our Guest
Evan Goldberg: https://www.linkedin.com/in/evan-netsuite/

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NetSuite's Never Ending Mission Oct 28, 2021

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Show Notes

1:25 – The Scoop on SuiteWorld 2021

https://www.netsuitesuiteworld.com/

3:17 – Sneak Peek at our talk with Evan Goldberg, founder of NetSuite. You can hear the whole interview here:

https://www.cloudaccountingpodcast.com/bonus250

15:00 – NetSuite Announces SuiteBanking, the First Cloud ERP to Integrate Fintech into a Unified Suite

https://www.netsuite.com/portal/company/newsroom/netsuite-announces-suitebanking,-the-first-cloud-erp-to-integrate-fintech-into-a-unified-suite.shtml

24:00 – We’re talking about Kevin O’Leary’s SuiteWorld keynote, and the three things CAP listeners need to hear — elevator pitch, proven track record, and know your numbers

27:53 – New rules taxing businesses using PayPal, Venmo in 2022

https://www.pahomepage.com/top-stories/new-rules-taxing-businesses-using-paypal-venmo-in-2022/

31:41 – Blake thinks it’s best to take a ‘wait and see’ approach in this so-called proposal, until it’s a real proposal

32:11 – Plaid Builds Partner Ecosystem to Simplify A2A Payments

https://www.pymnts.com/pymnts-post/news/partnerships-acquisitions/2021/plaid-builds-partner-ecosystem-simplify-a2a-payments/?c=mobile-wallets/page

33:58 – Clients prefer tech-savvy accountants

https://www.accountingtoday.com/news/clients-prefer-tech-savvy-accountants

37:24 – Xero wants to help your employees run all their own processes

https://www.techradar.com/news/xero-wants-to-help-your-employees-run-all-their-own-processes

Xero Me – Non-U.S. app

https://central.xero.com/s/article/Xero-Me-for-mobile

38:40 – The Guidance Gap: New Research Reveals Businesses Need Advice on People Operations

https://gusto.com/company-news/the-guidance-gap-new-research-reveals-businesses-need-advice-on-people-operations

41:05 – Practice Ignition and Gusto Partner to Launch First-Ever Integration to Accelerate Adoption and Knowledge of People Advisory

https://www.practiceignition.com/news/practice-ignition-and-gusto-partner-to-launch-first-ever-integration-to-accelerate-people-advisory

41:43 – Blake talks an invitation for early access to Gusto’s mobile device management offering

42:55 – Expensify Launches Free Plan for Small Businesses

https://www.businesswire.com/news/home/20211018005215/en/Expensify-Launches-Free-Plan-for-Small-Businesses

45:47 – Inside Expensify’s IPO filing

https://techcrunch.com/2021/10/18/inside-expensifys-ipo-filing/

46:37 – Fiserv to acquire BentoBox

https://www.finextra.com/pressarticle/89810/fiserv-to-acquire-bentobox

47:01 – Sovos to Acquire Istanbul-Based e-Transformation Compliance Company Digital Planet

https://www.prweb.com/releases/sovos_to_acquire_istanbul_based_e_transformation_compliance_company_digital_planet/prweb18274410.htm

47:29 – Avalara Acquires CrowdReason to Help Businesses Manage Property Tax Compliance

https://www.cpapracticeadvisor.com/sales-tax-compliance/news/21242816/avalara-acquires-crowdreason-to-help-businesses-manage-property-tax-compliance

49:55 – Businesses spend heavily on sales tax compliance

https://www.accountingtoday.com/news/businesses-spend-heavily-on-sales-tax-compliance

50:55 – Survey: Nobody Loves the Wayfair Decision

https://cpatrendlines.com/2021/10/18/nobody-loves-the-wayfair-decision/

51:51 –Stripe will acquire Recko to help internet businesses automate payments reconciliation

https://stripe.com/newsroom/news/recko

53:59 – Coinbase stock rises after Facebook taps it for help on new cryptocurrency project

https://www.cnbc.com/2021/10/19/facebook-taps-coinbase-for-digital-wallet-novi.html

54:19 – Intuit Introduces Money by QuickBooks, Mobile Banking Designed for Small Businesses

https://investors.intuit.com/news/news-details/2021/Intuit-Introduces-Money-by-QuickBooks-Mobile-Banking-Designed-for-Small-Businesses/default.aspx

57:12 – PayPal is in late-stage talks to acquire Pinterest

https://www.cnbc.com/2021/10/20/pinterest-shares-soar-following-report-paypal-may-buy-it.html

59:27 – IRS begins using videoconferencing to meet with big businesses

1000s Of Apps Could Lose Access To QuickBooks Online In 2022 Oct 21, 2021

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Rippling: https://cloudaccountingpodcast.promo/rippling
Client Hub: https://cloudaccountingpodcast.promo/clienthub
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Show Notes

1:17 – David updates us on his Cancun adventure and, of course, he ties it into subscription services!

6:00 – Fixed fee debate is over. The new frontier is the all-inclusive subscription package, or as Ron Baker calls it, “Pricing the relationship.”

10:39 – Taliesin West is Frank Lloyd Wright’s desert laboratory in Arizona

https://franklloydwright.org/taliesin-west/

15:33 – How do accounting firms learn from the Taliesin model?

18:50 – SuiteWorld, October 18 – 21, 2021

https://www.netsuitesuiteworld.com/

20:33 – Suspected Ransomware Payments Nearly Doubled This Year, Treasury Says

https://www.wsj.com/articles/suspected-ransomware-payments-for-first-half-of-2021-total-590-million-11634308503

26:04 – Jamie Dimon Calls Bitcoin 'Worthless'

https://www.cnbc.com/2021/10/11/jpmorgan-chase-ceo-jamie-dimon-says-bitcoin-is-worthless.html

28:17 – Crypto could cause 2008-level meltdown, Bank of England official warns

https://www.cnbc.com/2021/10/14/crypto-could-cause-2008-level-meltdown-bank-of-england-official-warns.html

30:40 – USPS Debuts Paycheck-Cashing Services

https://www.pymnts.com/financial-inclusion-3/2021/usps-debuts-paycheck-cashing-services/

34:31 – Listener email – Thank you, Sandy Lerner!

34:48 – The UPS Store – Small Business Accounting & Bookkeeping

https://www.theupsstore.com/small-business-services/accounting-bookkeeping

36:10 – When Private Equity Blows Up the CPA Partnership

https://cpatrendlines.com/2021/09/28/how-private-equity-blows-up-the-cpa-partnership/

36:43 – Competing for Talent in a Private-Equity World

https://cpatrendlines.com/2021/10/17/competing-for-talent-in-a-private-equity-world/

39:58 – CAS practices see 20% growth rate

https://www.journalofaccountancy.com/news/2021/oct/cas-practices-20-percent-growth-rate.html

47:30 – This Startup Is Using All-In-One Software To Empower Small Business Owners.

https://www.forbes.com/sites/garydrenik/2021/10/12/why-smbs-need-more-tailored-saas-platforms/?sh=44907e7e770f

50:14 – Microsoft to shut down LinkedIn in China

https://www.cnbc.com/2021/10/14/microsoft-to-shut-down-linkedin-in-china.html

51:46 – Should private companies such as enQ be allowed?

https://twitter.com/lorilynwilson/status/1447578663688413192?s=12

57:21 – Envestnet | Yodlee partners with Intuit QuickBooks

https://thepaypers.com/online-mobile-banking/envestnet-yodlee-partners-with-intuit-quickbooks--1252177

58:51 – Shopify Launches Global ERP Merchant Program

https://www.pymnts.com/commerce-connected/2021/shopify-launches-global-erp-merchant-program/

60:05 – Codat Announces Partnership with Intuit to Speed QuickBooks App Development And Catalyze New Wave of Open Finance

https://www.prnewswire.com/news-releases/codat-announces-partnership-with-intuit-to-speed-quickbooks-app-development-and-catalyze-new-wave-of-open-finance-301399821.html

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The One With Elizabeth Warren, Britney Spears, And Florida Man Oct 12, 2021

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Show Notes

1:27 – David is leaving the building ... On vacation!

1:52 – CAP Voicemail – Thank you, Jonathan Weiss!

Is it too hard to become a CPA? Practitioners speak out

https://www.accountingtoday.com/news/is-it-too-hard-to-become-a-cpa-practitioners-speak-out

5:50 – CPA firms lay out top issues in 2021 and beyond

https://www.accountingtoday.com/opinion/cpa-firms-lay-out-top-issues-in-2021-and-beyond

9:42 – Service levels hit new lows at swamped IRS

https://www.accountingtoday.com/news/service-levels-hit-new-lows-at-swamped-irs

11:28 – IRS didn’t spot $20.6M in bogus nonresident tax refunds

https://www.accountingtoday.com/news/irs-didnt-spot-20-6m-in-bogus-nonresident-tax-refunds

12:04 – Florida man filed 745 tax returns in 4 years, collecting $235K in bogus refunds — ‘I found a flaw in your system, and I took advantage of it’

https://www.marketwatch.com/story/i-found-a-flaw-in-your-system-and-i-took-advantage-of-it-florida-man-filed-745-tax-returns-in-4-years-collecting-235k-in-bogus-refunds-11633540003

15:58 – Sage buys proposal software vendor GoProposal

https://www.enterprisetimes.co.uk/2021/10/05/sage-buys-proposal-software-vendor-goproposal/

Sage buys U.K. proposal management software maker

https://www.accountingtoday.com/news/sage-buys-uk-proposal-management-software-maker

19:32 – Latest product news – October 2021 | Xero Blog

https://www.xero.com/blog/2021/10/product-news-oct-2021/

23:05 – FreshBooks Acquires FastBill to Boost Growth in Canada

https://www.pymnts.com/news/partnerships-acquisitions/2021/freshbooks-acquires-fastbill-to-boost-growth-in-canada/

24:24 – Google Drive Is Getting Labels for Your Files

https://www.howtogeek.com/759458/google-drive-is-getting-labels-for-your-files/

25:20 – Chargebee acquires RevLock

https://www.accountingtoday.com/news/chargebee-acquires-revlock

26:17 – Pipe launches trading platform for recurring revenue

https://www.accountingtoday.com/news/pipe-launches-trading-platform-for-recurring-revenue

30:05 – Hackers exploit MFA flaw to steal from 6,000 Coinbase customers

https://cointelegraph.com/news/hackers-exploit-mfa-flaw-to-steal-from-6-000-coinbase-customers-report

32:59 – Sage Intacct 2021 Release 3: What’s New?

https://www.accttwo.com/blog/sage-intacct-2021-release-3-whats-new

39:03 – Elizabeth Warren Shocked to Learn Big Public Accounting Firms Do Shady Sh*t

https://www.goingconcern.com/elizabeth-warren-shocked-to-learn-big-public-accounting-firms-do-shady-sht/

40:58 – The tax agency would like to look at your financial transactions above $600. What could go wrong?

https://www.wsj.com/articles/internal-revenue-service-irs-rettig-yellen-brady-bank-account-tax-proposal-revenue-privacy-data-breach-11633287461

41:55 – Democrats eye narrowing Biden plan on bank reporting to IRS

https://www.accountingtoday.com/articles/democrats-eye-narrowing-biden-plan-on-bank-reporting-to-irs

Banks enlist customers to kill Biden’s account data reporting plan

https://www.accountingtoday.com/articles/banks-enlist-customers-to-kill-bidens-account-data-reporting-plan

45:06 – Adios, David – Enjoy Cancun!

46:23 – Who Is John Zabel? Britney Spears' New Conservator Takes Over From Jamie Spears

https://www.yourtango.com/news/who-is-john-zabel-britney-spears-new-conservator

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Earmark Excerpt: CPA Versus CMA With IMA President Jeff Thomson Oct 11, 2021

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Excel And QuickBooks Hook Up Oct 07, 2021

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Show Notes

5:29 – Blake talks about his visit to the Institute of Management Accountants in Texas, his interview with IMA President Jeff Thomson, and gives more detail on the upcoming Earmark CPA!

8:25 – State auditor steps down after failing accounting exams

https://www.newscentermaine.com/article/news/politics/state-auditor-steps-down-after-failing-accounting-exams/97-3073da7f-0106-4811-9f20-9db9fef24efd

13:04 – Ski Areas Are Struggling To Find Employees For The Upcoming Season

https://www.npr.org/2021/09/29/1041411706/ski-areas-are-struggling-to-find-employees-for-the-upcoming-season

14:07 – Exclusive-PwC tells U.S. employees they need never return to the office

https://finance.yahoo.com/news/exclusive-pwc-tells-u-employees-211505972.html

18:42 – Work-life balance improves audits, but not job satisfaction

https://www.accountingtoday.com/news/work-life-balance-improves-audits-but-not-job-satisfaction

21:57 – In-person Zoom is the new norm for many workers returning to the office

https://www.washingtonpost.com/technology/2021/09/27/return-to-work-in-person-hybrid/

23:50 – The real stakes of Apple’s battle over remote work

https://www.vox.com/recode/22690190/apple-remote-work-from-home-employee-cher-scarlett-janneke-parrish

24:57 – Remote work is making productivity and innovation harder, says Microsoft study

https://www.zdnet.com/article/remote-work-is-making-productivity-and-innovation-harder-says-microsoft-study/

25:53 – Accounting Today calls for nominations for 2021 Top 100 People

https://www.accountingtoday.com/news/accounting-today-calls-for-nominations-for-2021-top-100-people

27:30 – Intuit Investor Day 2021

https://investors.intuit.com/events-and-presentations/event-details/2021/Intuits-Investor-Day-2021/

27:52 – Our strategy is to be an “AI-driven expert platform”

https://www.intuit.com/strategy/

28:46 – QuickBooks Online Advanced adding Excel integration

https://quickbooks.intuit.com/blog/whats-new/quickbooks-online-advanced-adding-excel-integration/

33:47 – Listener mail – QuickBooks v. Quicken? Thanks, Stephen Smith!

39:20 – Avalara Acquires Track1099 to Help Businesses Manage IRS Form Filing Requirements

https://www.avalara.com/us/en/about/press/category/2021/10/avalara-acquires-track1099-to-help-businesses-manage-irs-form-filing-requirements.html

42:49 – Xero System Status – Current and Past Incidents

https://status.xero.com/

45:50 – What’s new in QuickBooks Online: September 2021

https://quickbooks.intuit.com/blog/whats-new/whats-new-in-quickbooks-online-september-2021/

51:01 – A Message from Sage CEO Steve Hare to Sage colleagues

https://www.sage.com/en-gb/news/press-releases/2021/09/a-message-from-sage-ceo-steve-hare-to-sage-colleagues/

52:05 – (LSPD) Alert: Did You Lose Money on Your Lightspeed Commerce Investment? Contact Johnson Fistel Regarding Investigation

https://www.globenewswire.com/news-release/2021/09/29/2305700/0/en/LSPD-Alert-Did-You-Lose-Money-on-Your-Lightspeed-Commerce-Investment-Contact-Johnson-Fistel-Regarding-Investigation.html

52:24 – Lightspeed (TSX:LSPD) Stock: Is an Accounting Scandal Brewing?

https://ca.finance.yahoo.com/news/lightspeed-tsx-lspd-stock-accounting-145454977.html

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It's Not Too Hard To Get The CPA, It's Too Much Time And Money Sep 30, 2021

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Show Notes

0:24 –Accountancy Problems – Studying Accounting at 3:00 a.m.

https://twitter.com/AcctncyProblems/status/1441319313294561283

2:24 – AOC's 'Tax the Rich' dress could've used a different slogan

https://www.accountingtoday.com/articles/aocs-tax-the-rich-dress-couldve-used-a-different-slogan

4:00 – As More Workers Go Solo, the Software Stack Is the New Firm

https://future.a16z.com/solo-workers-software-stack/

7:56 – Have you used the IRS Tax Pro Account Feature? Details from the AICPA’s Weekly Weigh-In survey question.

10:14 – How Accounting Giants Craft Favorable Tax Rules from Inside Government

https://www.nytimes.com/2021/09/19/business/accounting-firms-tax-loopholes-government.html?referringSource=articleShare

14:00 – How Top Accounting Firms Help Their Clients Sidestep Taxes

https://www.nytimes.com/2021/09/19/business/accounting-firms-tax-loopholes-government.html

15:10 – News Analysis: Getting Over Government's Revolving Door

http://www.taxhistory.org/thp/readings.nsf/ArtWeb/FA6ABE3DDF54E7EC852579C20073FD39?OpenDocument

16:12 – House tax bill would likely force Peter Thiel to pull $5 billion from his IRA

https://www.cnbc.com/2021/09/17/house-tax-bill-would-likely-force-peter-thiel-to-pull-5-billion-from-his-ira.html

17:07 – California Governor Signs Bill Targeting Amazon Warehouse Quotas

https://www.wsj.com/articles/california-governor-signs-bill-targeting-amazon-warehouse-quotas-11632367503?mod=tech_lead_pos4

21:30 – KPMG urges boards to focus on climate risks

https://www.accountingtoday.com/news/kpmg-urges-boards-to-focus-on-climate-risks

22:40 – Heroic Accounting

https://ssir.org/articles/entry/heroic_accounting

25:54 – Listener Mail on the 150-hour education requirement – Thanks, Mike!

27:34 – Accountants reply: Is it too hard to become a CPA?

https://www.accountingtoday.com/list/practitioners-speak-out-is-it-too-hard-to-become-a-cpa

29:36 – Listener Mail on CPA – Thanks T.C. Whittaker!

32:34 – NY Law Firm Slams Intuit Over QuickBooks Transaction Fees

https://www.law360.com/articles/1424069/ny-law-firm-slams-intuit-over-quickbooks-transaction-fees

34:57 – Intuit launches venture arm to invest in startups with innovation for small businesses, consumers

https://techcrunch.com/2021/09/22/intuit-launches-venture-arm-to-invest-in-startups-with-innovation-for-small-businesses-consumers/

37:25 – Coinbase adds direct deposit into crypto accounts

https://www.cnbc.com/2021/09/27/coinbase-adds-direct-deposit-into-crypto-accounts-.html

37:48 – China's top regulators ban crypto trading and mining, sending bitcoin tumbling

https://www.reuters.com/world/china/china-central-bank-vows-crackdown-cryptocurrency-trading-2021-09-24/

39:01 – SEC’s Gensler Doesn’t See Cryptocurrencies Lasting Long

https://www.wsj.com/articles/secs-gensler-doesnt-see-cryptocurrencies-lasting-long-11632246355

43:07 – Longest Article Title Ever? Gilded Launches Compass: The Most Advanced QuickBooks Integration for Crypto Institutional adoption of cryptocurrency has intensified the demand for sophisticated crypto accounting functionality. Gilded Compass streamlines financial reporting for cryptocurrency in QuickBooks Online.

https://financialpost.com/globe-newswire/gilded-launches-compass-the-most-advanced-quickbooks-integration-for-crypto-institutional-adoption-of-cryptocurrency-has-intensified-the-demand-for-sophisticated-crypto-accounting-functionality-gild

44:03 – Meet Compass: The Most Advanced QuickBooks Integration for Crypto

https://blog.gilded.finance/gilded-compass-quickbooks/

44:45 – Does your business use Gilded? Let us know!

45:22 – Expensify is Carbon Neutral in 2021

https://www.businesswire.com/news/home/20210922005893/en/Expensify-is-Carbon-Neutral-in-2021

46:24 – SURVEY: Zoom Tops Microsoft Teams for Now

https://cpatrendlines.com/2021/09/19/survey-zoom-tops-microsoft-teams-for-now/

47:50 – REPAY, Veem Collaborate on B2B Payments

https://www.pymnts.com/news/b2b-payments/2021/repay-veem-collaborate-on-b2b-payments/

47:57 – American Express and Extend Partner to Enable Virtual Cards for U.S. Small and Mid-Sized Businesses