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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 β€” AI, the Big Four, firm M&A, audit failures, and the talent crisis β€” 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:
    Happy Birthday Excel πŸŽ‚ Oct 07, 2020
    Show notes

    Sponsors

    • OnPay - https://cloudaccountingpodcast.promo/onpay
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    • BQE CORE: http://cloudaccountingpodcast.promo/core


    Show Notes

    04:17 – Happy Birthday, Microsoft Excel!
    https://www.goingconcern.com/happy-birthday-microsoft-excel/
    06:06 – Love them or hate them, spreadsheets are going 3D
    https://www.techradar.com/news/love-them-or-hate-them-spreadsheets-are-going-3d

    07:50 – Updates on Scaling New Heights and announcing a new, ongoing strategic alliance with Woodard Institute https://www.firmofthefuture.com/content/updates-on-scaling-new-heights-and-announcing-a-new-ongoing-strategic-alliance-with-woodard-institute/

    11:13 – EisnerAmper releases return-to-office, social distancing app
    https://www.accountingtoday.com/news/eisneramper-releases-return-to-office-social-distancing-app

    14:25 – Sage Launches AI-Powered Timesheets App Built Directly into the Sage Intacct Cloud
    https://www.accountingweb.com/technology/accounting-software-news/sage-launches-ai-powered-timesheets-app-built-directly-into-the

    16:35 – Zapier Launches New Microsoft Teams Integration to Bolster Productivity
    https://www.prnewswire.com/news-releases/zapier-launches-new-microsoft-teams-integration-to-bolster-productivity-301138171.html
    18:53 – Canopy Enhances PM and Tax Resolution Features
    https://www.accountingweb.com/technology/accounting-software-news/canopy-releases-feature-updates-for-its-practice-management- and

    20:35 – Expert’s choice: Top accounting apps
    https://www.accountingtoday.com/list/experts-choice-top-accounting-apps

    26:48 – Apps Will Get You Paid Early, for a Price
    https://www.nytimes.com/2020/10/02/your-money/cash-advance-apps-paychecks.html

    30:57 – Banks Push Back On Possible Banking Charters
    https://www.pymnts.com/bank-regulation/2020/banks-push-back-on-possible-banking-charters-for-big-techs-like-amazon-and-facebook/

    32:36 – E.C.B. says it is considering issuing a digital euro.
    https://www.nytimes.com/live/2020/10/02/business/stock-market-today-coronavirus#ecb-says-it-is-considering-issuing-a-digital-euro

    33:28 – IRS releases final rules on business meals and entertainment
    https://www.journalofaccountancy.com/news/2020/oct/irs-rules-business-meals-entertainment.html

    35:49 – IRS adds marijuana industry page to website
    https://www.irs.gov/businesses/small-businesses-self-employed/marijuana-industry

    37:14 – Apple’s credit card won’t make you question the existence of a 10-person Texas tax firm anymore
    https://www.theverge.com/2020/10/2/21498824/apple-credit-card-mislabeling-at-t-charges-transactions-waters-hardy-co

    39:18 – COVID-19 has just turned your website into a rainmaker
    https://www.accountingtoday.com/list/COVID-19-has-just-turned-your-website-into-your-rainmaker

    42:09 – Accountants are now 'key workers', say UK firms
    https://www.techradar.com/nz/news/accountants-are-now-key-workers-say-uk-firms

    45:20 – Despite Billions in Fees, Banks Predict Meager Profits on PPP Loans
    https://www.nytimes.com/2020/10/01/business/ppp-loans-bank-profits.html

    48:12 – Man tries to steal millions in PPP loans named after 'Game of Thrones'
    https://www.businessinsider.com/man-tries-to-steal-millions-ppp-loans-game-of-thrones-2020-10

    49:51 – Reviews and Voicemail!

    52:20 – Brave – A Chromium browser

    https://brave.com/?ref=tom660

    53:56 – See Blake and David at the Accounting & Finance Show!
    https://cloudacctpod.link/AccountingShowUSA

    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


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


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePod...

    Who Are Accountants Voting For? Oct 01, 2020
    Show notes

    Sponsors

    • ADP Marketplace: https://cloudaccountingpodcast.promo/adp
    • ClockShark: https://cloudaccountingpodcast.promo/clockshark
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    Come See Us Here:

    The Accounting & Finance Show October 20-21 - https://cloudacctpod.link/AccountingShowUSA

    Show Notes

    05:23 - Reviews!

    07:41 - No forgiveness: Small businesses still on hook for rescue loans
    https://www.politico.com/news/2020/09/27/no-forgiveness-small-businesses-still-on-hook-for-rescue-loans-421940

    Report: Not One PPP Loan Has Been Forgiven
    https://www.pymnts.com/loans/2020/report-not-one-ppp-loan-has-been-forgiven/

    08:17 - IRS says lenders don’t need to report PPP loan forgiveness
    https://www.accountingtoday.com/news/irs-says-lenders-dont-need-to-report-ppp-loan-forgiveness

    09:08 - Is It Insane to Start a Business During Coronavirus? Millions of Americans Don’t Think So. https://www.wsj.com/articles/is-it-insane-to-start-a-business-during-coronavirus-millions-of-americans-dont-think-so-11601092841

    12:36 - New Job Cuts at CPA Firms
    https://cpatrendlines.com/2020/09/21/covid-impact-32300-jobs-gone/

    14:31 - Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
    https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html

    Trump didn't pay income tax for 10 of 15 years before 2016 election: https://thehill.com/homenews/administration/518510-trump-paid-no-income-taxes-for-10-of-past-15-years-report

    17:42 - The Ordinary Taxpayer’s Guide To The Extraordinary Story Of Trump’s Tax Returns https://www.forbes.com/sites/kellyphillipserb/2020/09/28/the-ordinary-taxpayers-guide-to-the-extraordinary-story-of-trumps-tax-returns/


    18:56 - Accountants favor Trump in election by large margin
    https://www.accountingtoday.com/list/accountants-favor-trump-in-election-by-large-margin

    22:06 - If Your Small Business Died, Blame Trump
    https://planningshop.com/2020/09/if-your-small-business-died-blame-trump/

    26:12 - Blackbaud Ransomware Breach Victims, Lawsuits Pile Up
    https://www.bankinfosecurity.com/blackbaud-ransomware-breach-victims-lawsuits-pile-up-a-15053

    28:03 - Shopify: 2 Employees Took Consumer Data
    https://www.pymnts.com/news/security-and-risk/2020/shopify-2-employees-took-consumer-data-from-merchant-sites/


    29:48 - Intuit launches new QuickBooks Commerce platform
    https://www.zdnet.com/article/intuit-launches-new-quickbooks-commerce-platform/

    32:10 - QuickBooks Recurring Transactions now available to third-party apps
    https://blogs.intuit.com/blog/2020/09/22/quickbooks-recurring-transactions-now-available-to-third-party-apps/

    33:42 - Xero Business Community - Reporting: Insert page breaks
    https://community.xero.com/business/discussion/4414314

    34:34 - FreshBooks Buys Mexico's Facturama
    https://www.pymnts.com/news/b2b-payments/2020/freshbooks-buys-mexico-based-digital-invoicing-firm-facturama/

    35:30 - Tech News: OnPay debuts customizable reports, and more
    https://www.accountingtoday.com/list/onpay-debuts-customizable-reports-and-more


    36:57 - 8 things to know about the audit evidence standard
    https://blog.aicpa.org/2020/08/8-things-to-know-about-the-audit-evidence-standard.html#sthash.8BCbEvgj.J65rwht5.dpbs


    37:32 - Avalara debuts suite for alcohol industry
    https://www.accountingtoday.com/news/avalara-debuts-compliance-product-suite-for-alcoholic-beverage-industry

    40:00 - Another satisfied listener - Thank you, Jackson Wilcox!


    42:36 - Google launches a work-tracking tool and Airtable rival, Tables https://techcrunch.com/2020/09/22/google-launches-a-work-tracking-tool-and-airtable-rival-tables/



    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

    ...


    Fintechs Dominate Covid Economy Sep 22, 2020
    Show notes

    Sponsors

    • OnPay - https://cloudaccountingpodcast.promo/onpay
    • ClockShark: https://cloudaccountingpodcast.promo/clockshark
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    Show Notes

    • 03:40 – TikTok Bid Highlights Oracle’s Public Embrace of Trump– New York Times
    • 08:41 – The Oracle of National ID Cards – Wired
    • 09:15 – Mnuchin Mum On Oracle, TikTok Deal – PYMNTS.com
    • 13:07 – Senate, Supreme Court opt out of Trump payroll tax deferral– Accounting Today
    • 14:15 – House Republicans push to reopen Paycheck Protection Program amid coronavirus relief gridlock
    • 15:53 – Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent – CNBC
    • 17:20 – This tweak to the PPP could save small businesses $7 billion
    • 18:55 – America’s Offices Sit Half-Empty Six Months Into the Covid-19 Pandemic – Wall Street Journal
      • US Offices Only At 50 Pct Capacity In August – PYMNTS.com
    • 20:31 – Survey Says: Fintech On The Rise During COVID – Crunchbase
    • 21:44 – CCH Axcess e-filing goes down on tax deadline – Accounting Today
      • E-filing problems plague some Sept. 15 tax returns – Journal of Accountancy
    • 24:56 – Penalty relief may be available to those who miss Sept. 15 deadline due to COVID-19 – Accounting Today
    • 26:05 – IRS set to begin rolling out new case management system – Accounting Today
    • 29:45 – Square launches payroll feature that could boost its banking business through the Cash App –CNBC
    • 35:12 – Square Sees Hike In Cashless Transactions – PYMNTS.com
    • 36:10 – What’s new in QuickBooks Online: September 2020 – QuickBooks
    • 40:44 – QuickBooks Desktop 2021 updates respond to new COVID realities – Accounting Today
    • 43:00 – Xero revamps Early U.S. plans, debuts β€˜Xero on Air’– Accounting Today
    • 44:10 – A refreshed Xero plan to support small businesses during COVID-19 – Xero Blog
    • 50:14 – TD Rolls Out Online Accounting In Bid For Small Biz Accounts – PYMNTS.com
    • 52:53 – Chime is now worth $14.5 billion, surging past Robinhood as the most valuable U.S. consumer fintech –– CNBC
    • 54:47 – Klarna Valued At $10.65B After $650M Fundraise – PYMNTS.com
    • 56:03 – Wolters Kluwer Acquires XCM – CPA Practice Advisor
    • 57:30 – KKR to sell Epicor Software in $4.7 billion deal, 4 years after buying the company – MarketWatch
    • 57:58 – Acumatica update focuses on COVID-19 challenges– Accounting Today
    • 59:02 – Cloud Startup Airtable Raises $185 Million At $2.5 Billion Valuation And Launches API For Outside Coders – Forbes
    • 1:01:02 – Bookkeeper360 Launches App That Integrates with Xero to Provide Real-Time Business Insights –Yahoo! Finance
    • 1:02:32 – Saasable - Recurring Revenue Simplified – Intuit QuickBooks


    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

    Join us at the Accounting a...


    Employers Take Hard Pass on Trump Tax Deferral Sep 15, 2020
    Show notes

    Sponsors

    • ADP Marketplace: https://cloudaccountingpodcast.promo/adp
    • ClockShark: https://cloudaccountingpodcast.promo/clockshark
    • BQE CORE: http://cloudaccountingpodcast.promo/core


    Show Notes

    • 05:46 – Melio Raises $144M to keep Small Businesses in Business by Simplifying their B2B Payments – Silicon Valley Daily
      • Melio Payments: Out of stealth with $144 million – Bessemer Venture Partners
    • 06:53 – Is Working Remotely the Future of Finance? – CFO
    • 07:41 – Auditors Struggle to Access Data, Count Inventory During Remote Work – Wall Street Journal
    • 07:47 – 8 things to know about the audit evidence standard – AICPA
    • 09:17 – DOJ: 57 Charged With Alleged PPP Fraud – PYMNTS.com
    • 10:10 – More on Liar Loans – Wikipedia
    • 11:52 – Quickie lender Kabbage doled out billions in PPP loans. A number of borrowers raised red flags. – Miami Herald
    • 15:42 – SBA Loan Program Contractor and Rocket Loans Face Scrutiny – Wall Street Journal
    • 18:26 – The FTC Is Investigating Intuit Over TurboTax Practices – ProPublica
    • 20:39 – IRS Wants to Break Privacy on Monero and Bitcoin’s Lightning Network – News Break
    • 22:48 – SaaS Firm CEO Resigns; Layoffs, Probe Follow – PYMNTS.com
      • CEO of cyber fraud startup NS8 arrested for defrauding investors in $123m scheme –ZDNet
    • 25:44 – Major companies reject Trump’s payroll tax deferral – Accounting Today
    • 28:09 – Employers added 1.4M jobs in August, but subtracted 1.6K in accounting – Accounting Today
    • 29:16 – Millions of U.S. jobs to be lost for years, IRS projections show – Accounting Today
    • 31:50 – Sage and Revolut partner to hand back three weeks of admin time to small business owners – Sage UK
    • 33:20 – Deel Lands $30M For Workforce Payroll – PYMNTS.com
    • 35:50 – How Do You Know a Human Wrote This? – New York Times
      • OpenAI’s new language generator GPT-3 is shockingly goodβ€”and completely mindless – MIT Technology Review
    • 36:21 – GPT-3 bot that lets people with no accounting knowledge generate financial statements – Twitter
    • 41:13 – The majority of workers use automation software at workβ€”here's why – Zapier
    • 48:12 – Time for REVIEWS!!!


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


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


    Transcript

    ADP has your back with ADP Marketplace, a digital HR storefront. Be a more trusted advisor to your clients by recommending apps to help streamline HR processes and free up time to focus on people. Stay tuned to hear more from our sponsor, ADP Marketplace, later in the episode.

    David Leary: [00:00:20] It's basically, President Trump's gonna get his next paycheck because he works for the federal government. There won't be Social Security ta...


    Big Firms are Pyramid Schemes πŸ˜‰ Sep 07, 2020
    Show notes

    Sponsors

    • ADP Marketplace: https://cloudaccountingpodcast.promo/adp
    • ClockShark: https://cloudaccountingpodcast.promo/clockshark
    • BQE CORE: http://cloudaccountingpodcast.promo/core

    Show Notes

    • 04:46 – Turns out, the people who work at Facebook are fighting just as much as the rest of us – Marketplace Tech
    • 11:01 – We've got ... VOICEMAIL!
    • 15:26 – A new internet domain for the CPA profession: .cpa – Journal of Accountancy
      • AICPA opens up applications for .cpa domains – Accounting Today
    • 20:00 – Arizona First State to OK Nonlawyer Ownership of Law Firms (2) – Bloomberg Law
    • 23:18 – Time & Budgets – Karbon
      • Karbon releases Time & Budgets – Accounting Today
      • App Aware: Karbon Updates Work Management Software – Intuitive Accountant
    • 25:23 – Latest product news – September 2020 – Xero Blog
    • 26:23 – Drury family sells $204m Xero shares, PushPay boss Bruce Gordon offloads on way out the door – New Zealand Herald
      • Second Xero block flies, this time via Jarden – Financial Review
    • 28:41 – Zoom Revenue Soars on Remote Work Boom – CFO.com
    • 30:52 – Zoom (ZM) Chief Accounting Officer to Resign – StreetInsider.com
    • 31:51 – Plaid Unveils New Instant Account Update Feature | PYMNTS
    • 32:58 – How your firm is missing a $682,000 opportunity – Accounting Today
    • 38:03 for Summary why the pyramid scheme
    • 41:26 – Spreadsheet error led to Edinburgh hospital opening delay – BBC News
    • 43:13 – FedNow Aimed At Transforming The US Payment System Approved By The Board Of Governors Of The Federal Reserve – Forbes
      • FedNow: The Federal Reserve’s Planned Instant Payments Service – Harvard Law School Forum on Corporate Governance
      • Fed Announces "FedNow" Real-Time Payments Service – White & Case LLP
    • 44:27 – Fed to have payments service ready 'as soon as practicably possible – American Banker
    • 44:56 – Coronavirus prompts renewed calls for postal banking, faster payments – American Banker
      • Roundtable: Public Money - A. Klein, How to Fix the Covid Stimulus Payment Problem: Accounts, Information, and Infrastructure – Just Money
    • 46:18 – Why Kamala Harris matters to fintech in the 2020 election – PaymentsSource
    • 50:14 – One more voicemail!


    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
    • Google Play: http://cloudacctpod.link/GooglePlay
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast


    Classifieds

    • ClientHub: https://clienthub.app

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


    Employers Responsible for Trump Payroll Tax Deferral Sep 01, 2020
    Show notes

    Sponsors

    • Accountant Connect: https://cloudaccountingpodcast.promo/adp
    • A2X: https://cloudaccountingpodcast.promo/a2x
    • Scott's Add-Ins: https://cloudaccountingpodcast.promo/scotts


    Show Notes

    • 03:29 – IRS says companies are responsible for deferred payroll taxes – Accounting Today
      • IRS guidelines put employers on the hook for Trump's payroll tax break – CNBC
    • 05:33 – White House dissatisfaction slows IRS payroll tax guidance – Accounting Today
    • 08:18 – Postal Service’s $522M in Overtime Costs Questioned – CFO
    • 10:13 – Crisis At The Post Office – NPR Planet Money
      • What A Piece Of Work Is The Post Office – NPR
      • The United States Postal Service – Civics 101: A Podcast
    • 12:42 – Fed Approves Shift on Inflation Goal, Ushering In Longer Era of Low Rates – WSJ
    • 14:35 – Intuit Full Year Revenue Up 13 Percent – Intuit
    • 16:18 – Intuit 13% annual growth driven by strong TurboTax performance – Accounting Today
    • 19:13 – Intuit rebounds from challenging tax season with strong Q4 results | ZDNet
      • Intuit Corp (INTU) Q4 2020 Earnings Call Transcript @themotleyfool #stocks $INTU – Motley Fool
    • 20:09 – What’s new in QuickBooks Online: August 2020– Intuit QuickBooks
    • 25:59 – Xero appoints director to lead growth in US Hispanic market – Insightful Accountant
    • 27:01 – Episode 126 – #AccountexUSA: Getting to know the Latino market
    • 27:46 – Xero flags move into lending with A$80m Waddle acquisition – NZME
      • Xero acquires Waddle to help improve small business cash flow– Xero Blog
    • 28:34 – New & Improved in FreshBooks: Mileage Tracking, Auto Apply Credits, and More – FreshBooks
    • 29:18 – Google Chrome update brings better tab management, QR codes, plus performance improvements – TechCrunch
    • 32:30 – Invoice Fraud Strikes Amazon In $19M Scam – PYMNTS.com
    • 35:07 – PwC pledges to review fraud detection after Wirecard scandal shakes industry – Financial Times
    • 36:01 – CPA firms' hiring of accounting grads down 30% – Accounting Today
      • What Percentage of Straight White Businessmen Don’t Give a Crap About Diversity and Inclusion? – Going Concern
    • Remove roadblocks to CAS practice growth – Journal of Accountancy
    • 41:28 – Non-CPA β€œCPA” Firms? Really? – CPA Trendlines
    • 42:18 – Does the US tax code favor automation?– Brookings
    • 46:32 – Blake Oliver's Accounting Story – Yaeger CPA Review
    • 47:56 – The Future of Business - How Finance is Becoming a Catalyst For Change (PDF)– NetSuite


    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
    • Spoti...

    Value Pricing Accounting Advisory Services Aug 25, 2020
    Show notes

    Sponsors

    • AccountingSuite: https://cloudaccountingpodcast.promo/asuite
    • LivePlan Bootcamp: https://cloudaccountingpodcast.promo/lpbootcamp
    • BQE CORE: http://cloudaccountingpodcast.promo/core

    Show Notes

    • 04:33 – One of this week's voicemail messages – Shana
    • 06:40 - Increase your restaurant profits by tracking fiscal weeks in QuickBooks Online Advanced – Intuit QuickBooks
    • 08:16 - Xero and TriNet provide full-service HR solutions to U.S. small businesses – Xero Blog
    • 09:00 - NetSuite Adds More Remote-Friendly Accounting Features – CPA Practice Advisor
    • 10:20 – More about building your own bank feed – Episode 132
    • 11:07 - Intuit’s QuickBooks Accounting Software May Now Access Financial Data Provided by Bank of Montreal Customers via New API– Crowdfund Insider
    • 11:45 - Amex acquires SoftBank-backed Kabbage after tough 2020 for the SMB lender– TechCrunch
    • 13:13 - Trump Expresses Support for Oracle to Buy TikTok – WSJ
    • 14:43 - Automate bank reconciliations with Excel Power Query – Financial Management
    • 17:27 - The Oracle of National ID Cards – Wired
    • 18:10 - IRS To Begin Sending Out Interest Payments To Millions Of Taxpayers With 2019 Tax Refunds – Taxgirl
    • 19:00 - IRS will stop sending overdue notices until it catches up on mail backlog – Accounting Today
    • 19:56 - The payroll tax holiday will kick off in two weeks. Your employer isn’t ready – CNBC
    • 20:13 - NPRC Statement on Employee Social Security Tax Deferral - NPRC
    • 21: 51 - Potbelly returned its first $10M PPP loan after public uproar β€” then it applied for another one– Fox Business
    • 22:14 - AICPA is urging congress to make a technical correction to fix the tax treatment of loan forgiveness on PPP loans – Accounting Today
    • 24:00 – Our second voicemail, from TCAP friend, Hector Garcia.
    • 30:35 - Clients disappointed with tax refunds, expect more from accountants (The Canopy Survey) – Accounting Today
    • 38:42 - Patrick Knight of Adobe: 57% of Parents Feel Closer to Coworkers Now Despite Working from Home – Small Business Trends
    • 42:20 - Where Opportunity Meets Value: Business Model Trends Report (Bill.com survey) – Bill.com
    • 56:25 – A review!

    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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    Transcript

    Do you have some clients that need more than what your current cloud-accounting software can offer - more robust inventory tracking, more connections to online sales channels, more users, more permissions, more reports, more control, more customization, more flexibility? Stay tuned to hear more from our sponsor, AccountingSuite, later in the podcast.

    Blake Oliver: [00:00:22] ... And you don't have to go get new clients. If you're serving small clients, you can increase your revenue 31% just by adding advisory services.

    David Leary: [00:00:30] Especially if you already are doing this. If you already offer this service at your firm, and you're not selling this in a good way to an exi...


    Accountants Nervous About Trump Payroll Tax Deferral Aug 17, 2020
    Show notes

    Sponsors

    • APD Marketplace: https://cloudaccountingpodcast.promo/adp
    • ClockShark: https://cloudaccountingpodcast.promo/clockshark
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    Show Notes

    • 10:01 - Mnuchin: Trump Is Serious About TikTok - PYMNTS
    • 12:14 - Before BigCommerce's 200% IPO pop, Intuit offered $1.5 billion for the software company - CNBC
    • 16:18 - Square Tests Small-Dollar, Short-Term Loans - PYMNTS.com
    • 17:25 – Afterpay lets US consumers pay by instalments with their NFC mobile phone - NFCW
    • 18:53 - Gusto is launching a new product called Cash Reserve – Gusto
    • 20:10 - FreeAgent launches CoPilot in the UK – FreeAgent
    • 21:09 - QuickBooks Live adding enhancements – Intuit QuickBooks Live
    • 21:43 - FreshBooks Launches Mileage Tracking App for iOS – Small Business Trends
    • 22:12 - Routable Raises $12M For Digital B2B Services | PYMNTS
    • 23:20 - Xero releases CoA templates in Xero HQ– Xero
    • 25:21 - Revolut partners with Dublin accounting software firm Bullet - Siliconrepublic.com
    • 25:34 - FinTech Revolut's Losses Triple | PYMNTS
    • 26:21 - AmEx in advanced talks to buy SoftBank-backed Kabbage – Bank Innovation
    • 28: 24 - Trump’s executive order only guarantees $300 per week in enhanced unemployment for some workers – CNBC
    • 28:44 – Trump Signs Payroll Tax Deferral Executive Order - National Law Review
    • 29:41 - Employers Cast Wary Eye on Trump Payroll-Tax Deferral - WSJ
    • 30:14 – AICPA Asks IRS and Treasury for Clarity on Trump's Payroll Tax Deferral – News Break
    • 32:47 - Derailment of small business rescue clouds U.S. recovery - Politico
    • 34:19 - These business owners who took PPP money will have their loan forgiveness reduced - CNBC
    • 35:24 - Trump advisers urge delisting of U.S.-listed Chinese firms that fail to meet audit standards - Reuters
    • 36:55 - Wirecard, the fintech behind a $2 billion accounting scandal, leaves the DAX by August 21 after a new rule kicks in - Markets Insider
    • 37:23 - The former COO at Wirecard has fled to Russia – WSJ
    • 38:05 - Wirecard’s Jan Marsalek added to Interpol’s most wanted list – Accounting Today
    • 38:49 - Former Wirecard Exec Reported Dead - PYMNTS
    • 39:52 - Almost Half Of Wirecard’s Debt Stemmed From SoftBank’s $1B Investment - PYMNT
    • 41:27 - Ex-MyPayrollHR CEO Pleads Guilty to Fraud, But Can He Pay It Back? – Spectrum News
      • Former MyPayrollHR CEO Michael Mann pleads guilty in company's collapse – Times Union
    • 42:22 - New York attorney general seeks to dissolve NRA in suit accusing gun rights group of wide-ranging fraud and self-dealing
    • 51:52 - This 'Almost-Rockstar'-Developed 10-key Is the Best Thing to Happen to Accounting Since Microsoft Excel - Going Concern


    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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    • Apple P...

    When Time-Based Pricing Works (Or Does It?) Aug 11, 2020
    Show notes

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    • ADP Marketplace: https://cloudaccountingpodcast.promo/adp
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    • Relay Financial: https://cloudaccountingpodcast.promo/relay


    Show Notes

    Coming soon!

    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
    • Google Play: http://cloudacctpod.link/GooglePlay
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    Transcript

    ADP has your back with ADP Marketplace, a digital HR storefront. Be a more trusted advisor to your clients by recommending apps to help streamline HR processes and free up time to focus on people. Stay tuned to hear more from our sponsor, ADP Marketplace, later in the episode.

    Blake Oliver: [00:00:19] Well, apparently, they didn't even talk. He didn't even talk with the client about what it would cost at the beginning. He presented his bill after the fact, and the client accepted it-

    David Leary: [00:00:28] Which tells me they got a lot of value out of it, and they didn't put up a fuss. He undercharged it. He left value on the table.

    Blake Oliver: [00:00:36] That's my feeling, too. Just because you can't think of a way to do a value-based bill for this doesn't mean that there isn't a way.


    ____________________

    This episode of The Cloud Accounting Podcast is sponsored by ClockShark. ClockShark is the leading GPS, time-tracking, and scheduling system built for local construction and field-service companies that want a simpler way to track time, run payroll, and understand job costs. With the capabilities of crew tracking, scheduling, jobsite geofencing, teams, and project segmentation, automatic labor allocation, budgeting, and reporting, ClockShark has built a robust mobile time-tracking system to handle the unique challenges that face your clients.
    With ClockShark, your clients can keep accurate records, like overtime, paid time off, unpaid time, hours per job, and tasks, as well as the crucial data needed for certified payroll. With the integrations ClockShark has, you'll be able to connect to one of many ADP payroll platforms through ADP Marketplace and process payroll in minutes with the click of a button. ClockShark's pricing starts at just $6 a month per employee. Head over to
    cloudaccountingpodcast.promo/clockshark.
    ____________________

    This episode of The Cloud Accounting Podcast is sponsored by Relay Financial. Wouldn't it be great if you could open a new business bank account 100-percent online without having to go to a physical bank branch? Relay is a 100-percent online bank that is 100-percent focused on small business. With Relay, you can effortlessly collaborate with team members, manage payments, and issue corporate cards all from a bank.

    Accountants and bookkeepers love Relay because they get a partner portal, can manage staff access without compromising security, and enjoy enriched direct bank feeds to QuickBooks Online, and Xero. To sign up in less than 10 minutes and enjoy stress-free banking with no monthly fees, or monthly minimum balances, head over to CloudAccountingPodcast.promo/relay.
    ____________________

    Blake Oliver: [00:02:42] Welcome to The Cloud Accounting Podcast. I'm Blake Oliver.

    David Leary: [00:02:46] And I'm David Leary.

    Blake Oliver: [00:02:47] So, David, after last week, I felt like we had so many stories, I said I would bring five stories today, and I think I have 25. I just can't do it. I can't cut it down enough. I'm going through my list, and I'm trying to highlight the ones that I do think are the top five. I've got the Intuit acquisition of TradeGecko. That's a big one.

    David Leary: [00:03:07] That's correct. That's a big one.

    Blake Oliver: [00:03:07] Rippling raised a ton of money. I've got an article in CPA Trendlines, an opinion piece - "When Time-Based Pricing Works." I don't know ... What do you got?

    David Leary: [00:03:17] A lot of smaller ap news. Different people did raises. Related, on the other side of Intuit's acquisition of TradeGecko, Webgility announced a partnership with QuickBooks Desktop, which I find was like, okay, here's a competing product, but in the Desktop space. What direction is the train headed here? That was a little confusing.

    Blake Oliver: [00:03:39] Well, I think we should then dig into app news. We are The Cloud Accounting Podcast, let's start with that, but first, we have a review, right?

    David Leary: [00:03:45] We have two reviews.

    Blake Oliver: [00:03:46] This is from Joe, via Apple Podcasts. Five Stars, Great content and timely on current events. "Great podcast with timely and relevant content for forward-thinking accountants. Much easier and better ana...


    Intuit Launches QuickBooks Cash Aug 03, 2020
    Show notes

    Sponsors

    • ADP Marketplace: https://cloudaccountingpodcast.promo/adp
    • ClockShark: https://cloudaccountingpodcast.promo/clockshark
    • Smansha: https://cloudaccountingpodcast.promo/smansha

    Show Notes

    • 04:55 – Boomer Consulting Virtual Summit on August 9-12 – Boomer Consulting.
    • 05:14 – VirBELA – Virtual work platform
    • 08:16 – Congressional Democrats, White House still at impasse over coronavirus bill – Reuters
    • 08:53 – New York Times on U.S. Coronavirus Aid - Twitter
    • 09:49 – IRS offers new procedure for changing accounting method amid coronavirus – Accounting Today
    • 10:30 – SBA watchdog report reveals β€˜pervasive’ fraud in coronavirus disaster loan program – The Washington Post
    • 11:56 – Florida Man Took Coronavirus Aid and Bought a Lamborghini, Officials Say – New York Times
    • 13:39 – Tech Executive Charged With PPP Fraud Deposited in Robinhood – The Washington Post
    • 14:48 – Letter to the editor: Accounting firms should repay PPP loans – The Virginia Gazette
    • 17:02 – When Their PPP Loans Didn’t Come Through, These Businesses Broke Up With Their Banks – Wall Street Journal
    • 19:47 – QuickBooks Cash
      • Intuit intros QuickBooks Cash, a bank account for businesses – Accounting Today
      • Small Business Bank Account & Debit Card - QuickBooks Cash – Intuit QuickBooks
    • 24:30 – Latest Produce News – August 2020 - Xero
      • Duplicate Statements Line Report – Xero
    • 25:08 – Enova to Acquire OnDeck in $90 Million Deal - Finovate
    • 25:43 – Why OnDeck is being sold on the cheap – American Banker
    • 26:18 – French Company to Buy Fintech YayPay – CFO
    • 27:03 – New & Improved in FreshBooks: Checkout Links, Tax Time Hub, and More - FreshBooks
      • New: Get 1-Step Online Payments With Checkout Links – FreshBooks
    • 27:36 – Gusto launches their 'People Advisory' designed to help accountants think differently about Payroll – Insightful Accountant
      • Become People Advisor Certified – Gusto
      • Gusto Adds New Accountant Advisory Service to its Offerings – AccountingWEB
      • Gusto introduces certification program for accountants – Accounting Today
    • 29:32 – Vertex goes public on Nasdaq – Accounting Today
    • 31:06 – Shopify’s Revenue Nearly Doubles as Covid-19 Pushes Shopping Online – Wall Street Journal
    • 32:28 – Taxfyle forms RMW Accounting, seeks to acquire CPA firms – South Florida Business Journal
    • 33:34 – AI accounting startup Candis raises $14M in fresh funding - SiliconANGLE
    • 37:17 – A disruptive vision: Varo is officially a bank – Bank Innovation
    • 37:44 – Monzo's losses double as popular UK digital bank warns of pandemic uncertainty- CNBC
    • 39:05 – Big bank offers up $500 cash to customers – News.Com.Au
    • 39:34 – ZenBusiness Acquires Joust, the Leading Fintech for Small Business Entrepreneurs – Business Wire
    • 42:54 – Review!

    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


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