The Accounting Podcast

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**The Accounting Podcast**

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

Latest Episodes:

David & Blake get schooled! Oct 06, 2019

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Show Notes

01:01 – Jennifer is bringing more than debits and credits to her accounting courses at UT
01:50 – Aspiring cloud accountants, get yourselves acquainted with high-quality video-conferencing software, such as Zoom!
02:56 – New new reviews!
04:44 – News from beyond the Cloud Accounting Podcast Studios!
05:09 – Are smart speakers recording your every word? | Consumer Reports
07:15 – Have we sacrificed our privacy for the sake of technological convenience?
11:21 – Caroline’s article relates back to our Sock-puppet discussion
11:48 – Does connection equal increased creativity? | Knowledge
12:54 – It's the newness of the person, their new information and new perspectives that inspires creativity.
13:36 – A substantial piece of David's work over the past decade is due to meeting new people on social media, however, he has yet to find the best way to balance digital distractions and real-world productivity
14:51 – Despite the negative aspects of social, it has opened up a wealth of possibilities for people to share, create, serve, and advance their professions
15:54 – David continually boosts his creative powers by accepting every LinkedIn invitation that comes his way!
17:17 – Be smart about building your personal brand, in order to make the best connections possible
17:44 – David highly recommends reading The Cluetrain Manifesto, and the 95 Theses, to learn more about the human connection to marketing, and social media
18:30 – Wanna boost your career? Stop lurking, start talking!
20:41 – Miguel's articles focus on job searches and hiring practices, such as background checks, as they pertain to social media:

- When your social media presence affects your ability to land a job | PR Newswire

- Social-media screening is the new norm for employers | Business News Daily

- Social doesn’t tell a candidate’s entire story | Workforce

- How useful is social-media screening? | Backgroundchecks.com

22:26 – Saving face - If you wouldn't want the entire planet to see it, don't post it on social media, period.
23:51 – We're no longer able to lead separate work and personal lives anymore with the advent of social media.
27:33 – Think your private social channel is private forever? Think again, and then think about what you say there!
29:08 – Don't be afraid to talk about the things you do - hobbies, interests, activities - on social media. It gives potential employers a more well-rounded view of who you are and what you can do for them
30:01 – Accounting firms are looking for more than just accounting majors to build diversity within their firms | AccountingWEB
31:15 – Not to worry, though, up and coming accountants! As we discussed last week, there are still many accounting-related jobs available that offer top compensation and career opportunities!
32:36 – Are CPAs losing faith in the US economy? | AICPA
34:18 – Check out Sean Stein Smith's take on blockchain and accounting in episode 36]
35:05 – Cause for celebration? WeWork's failed IPO is proof that the free market system work |AIER
35:18 – Numbers don't really lie ... WeWork's S-1 filing | CNBC
36:35 – Since the trends are heading towards automation, aspiring accountants and bookkeepers should focus on the value-added services they can provide to clients
38:37 – Make learning the technology and the tools your side gig, if you want to get ahead of the game!
40:02 – Learn all the tech tools, not just accounting-related ... Calendars, social media automation, website design to build up basic skill levels employers are seeking
41:14 – Carpe Diem! It's never been easier to start your own accounting or bookkeeping business, with very little upfront expense!
42:14 – Get the itch for a niche ... There are countless opportunities for specializing in the accounting and bookkeeping realm
43:38 – Blake doesn't think regulation will hit the advisory specialty in the near future.
44:32 – When in Texas, don't bother calling yourself an accountant, unless you've got the CPA designation to prove it.
44:43 – In Cali, however, anything goes ... Anyone can call themselves an accountant, no degree required.
46:11 – Traditional accounting will stand the test of time, even though some may venture into more 'futuristic' areas. It's really a matter of personal choice
48:09 – No more snooze-fest - Accounting and bookkeeping can be as exciting and fun as you make it

Connect with Jennifer

Email: jennifer.johnson@utdallas.edu
LinkedIn: https://www.linkedin.com/in/jennifergjohnson
Twitter: https://twitter.com/JENJOHNSONCPA

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Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

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The best job in America... is for accountants! Sep 29, 2019

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Show Notes

01:44 – Another five-star review!
02:52 – Some familiar faces made CPA Practice Advisor's 2019 40 Under 40 list | CPA Practice Advisor
04:10 – AICPA held a not-so-time-zone-inclusive webinar on diversity and inclusion | Accounting Today
04:59 – David's Home Away from Podcast, AutoEntry, just got acquired by Sage! | Sage
07:18 – Better late than never - Blake finally files is taxes!
10:15 – Fyre Festival - Accounting Version | Financial Post
11:17 – Testing, testing … Is this thing on? CPA Canada failed to test its test-taking software before unleashing it on test-takers | Going Concern
14:45 – Wanna play with numbers AND carry a gun? | Journal of Accountancy
14:56 – AICPA has released new standards for forensic accountants | AICPA
15:21 – Tipalti raises $76 million in a recent D funding round | CPA Practice Advisor
15:46 – Fundbox packs a bigger punch now with $176 million in Series-C funding |
17:23 – Speaking of Intuit, QuickBooks Online is now offering mileage tracking, and if adding some other performance-enhancing elements in its September round of updates | QuickBooks
19:31 – Not-so-thrifty glitch in TurboTax results in a $216 million tax bill for one probably very unsuspecting thrift-store employee | Forbes
21:53 – Out with the V, in with the X ... Microsoft ushers in a newer, shinier function for Excel | Microsoft
24:35 – Wells Fargo and Plaid's new data-sharing agreement gives customers even more data control | Bank Innovation
26:00 – BBVA wants to be a lover, not a fighter, using its Open Platform, and further innovation to help fintech startups | Bank Innovation
28:45 – Sharing the love, fintechs are pairing up with smaller banks to overcome the no-charter hurdle | L.A. Times
31:54 – It’s a numbers game – accounting-related positions are the best jobs to have in America! | MarketWatch
35:57 - A position that allows you to learn and move upward leads to the highest amount of job satisfaction
37:57 – Tech is top priority … Really, it is! | Deloitte Controllership Digest
40:11 -- Make sure you come back next week for more important survey results, like the third-quarter AICPA Economic Outlook Survey!
40:36 – The moment you've been waiting for! More news and insight on the MyPayroll fiasco!
41:32 – Meet two of the frontline reporters in the MyPayrollHR situation - Chelsea Diana, and Michael Williams
47:44 – It's important to note that there is no indication that the employees of MyPayrollHR knew what was going on.
49:16 – It's still not clear where all that money went, or if parties, like Cachet, who eventually covered the missing payroll, will be reimbursed
49:40 – Just how big of a tangled web did Michael Mann weave?
50:22 – At least three banks claim a combined loss of $36 million due to fraud, but did not name Mann, or MyPayrollHR in their disclosures
50:58 – This Michael actually laid eyes on that elusive Michael, and can confirm he is human, sort of ...
51:40 – The Big Chill - Mann's check-kiting antics resulted in frozen accounts at both Bank of America, and Pioneer Bank
52:55 – Mann, and MyPayrollHR's parent company, Valuewise, had their hands in a variety of business, ranging from staffing to healthcare, and beyond
57:22 – Though Mann has admitted to $70 million worth of fraud, it's up in the air what will happen next
59:27 – No matter Mann's motive for committing this fraud, the key takeaway for accountants and bookkeepers recommending payroll services to clients is to know exactly who you're dealing with!

Connect with Our Guests!
Michael Williams

Website: https://www.timesunion.com/author/michael-williams/
Twitter: https://twitter.com/michaeldamianw?lang=en

Chelsea Diana

Website: https://www.bizjournals.com/albany/bio/25841/Chelsea+Diana
LinkedIn: https://www.linkedin.com/in/chelsea-diana/
Twitter: https://twitter.com/AlbBizChelsea

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#AccountexUSA: Your accounting firm might be subject to sales tax Sep 26, 2019

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Show Notes

00:53 – Meet Dena Oberst, CEO of Gable Tax Group
01:45 – Meet Diane Yetter, president of Yetter Tax, and founder of the Sales Tax Institute
04:11 – Diane gives a brief overview of the South Dakota v. Wayfair decision | AICPA
05:26 – According to South Dakota, a business’s physical presence is less important than its economic presence
06:50 – You gotta get up pretty early in the morning to go hang with the Supreme Court crowd!
08:37 – Most states, except Kansas, have adopted the $200k/200 transaction threshold | TaxJar
09:55 – If a company sells through Amazon, or other major marketplace platforms, there's nowhere to hide.
10:45 – To be registered, or not to be registered – that is a huge question right now
14:50 – States are attempting to ease the burden on smaller sellers through Marketplace Facilitation laws | Bill Track 50
17:10 – With the constant changes to the sales tax laws, which can vary state by state, it’s imperative to constantly monitor thresholds, and transaction counts
21:47 -- Who has to file? Who doesn't? Who knows? All states have yet to reach a consensus regarding the particulars of the new sales tax laws
25:38 – While it’s a mess right now, Diane believes things will start falling into place in the next five years.
26:21 – Business is definitely booming for sales-tax specialists, and firms, such as Gable Tax Group as CPAs scramble to help their clients meet these new and ever-changing sales tax requirements
28:39 – Diane doesn’t foresee any interference from the federal government, because it would only cost them more money to jump into the fray
32:06 – While the states are mostly self-policing the workings of the sales tax laws, there are some states that still want to forge their own seemingly senseless paths
33:46 – Economic nexus applies to all companies, not just sellers of physical goods
34:35 – Accountants and bookkeepers might want to exercise some caution with add-on products and bundling, as it can create additional confusion, and taxation
38:22 – With the shift from a manufacturing to a service economy, states are on a mission to replace lost revenues
39:57 – As accounting and bookkeeping practices continue to expand services, education, and understanding of the sales tax laws is critical

Connect with Our Guests

Dena Oberst:

https://www.linkedin.com/in/dena-oberst/
https://twitter.com/PasadenaDena
https://twitter.com/gabletaxgroup

Diane Yetter:

https://www.linkedin.com/in/dianeyetter/
https://twitter.com/YetterTax
https://twitter.com/SalesTaxInst
SalesTaxInstitute.com/accountex2019

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Lawyer up! The MyPayrollHR fraud saga continues Sep 24, 2019

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Show Notes

01:46 – Reminiscing with Will
03:03 – Will talks about life after YouTube and living life with Gusto!
04:12 – It's time for reviews!
06:37 – MyPayrollHR 101 - The nutshell version
07:31 – Catch up on our recent coverage in episodes 112 and 114
07:55 – Mum's the word, Mann | Albany Business Review
08:34 – It's always important to be proactive, especially AFTER committing fraud ...
09:03 – The fallout begins ... Two class action suits filed against Cachet | Albany Business Review
12:12 – The misgivings of MyPayrollHR may shine a bad light on the accountants and bookkeepers who recommended the company to their own clients
14:05 – Will explains how Gusto protects itself from payroll tampering
16:21 – According to Will, a payroll provider's level of transparency dictates the level (if any) of notifications whenever something changes in the system.
19:01 – Is this call for regulation of the payroll industry going to put a damper on innovation? | New York Post
22:01 – The MyPayrollHR debacle has exposed just how risky the ACH system really is
24:02 – WeWork - how something so right is going so wrong | Wall Street Journal
25:04 – A few flaws surfaced when WeWork went under the microscope
28:15 – WeWork's weak Wi-Fi woes | CNET
29:14 – Data security at WeWork isn't free. It'll cost you between $95 to $195 a month to keep your internet stuff to yourself!
30:35 – Guy Pearson’s Practice Ignition revs up with a $15 million raise and Stripe scores BIG with a $250 million round | TechCrunch
35:48 – Straight from Will's mouth - The Cloud Accounting Podcast - all the accounting and bookkeeping news you need to know!
38:53 – Stingy with your tips? POS terminals are tracking your tipping habits | NYT
41:46 – According to Toast's 2019 stats, tipping is not practiced by the majority of patrons at cafes, and fast casual restaurants
45:42 – Ride-share customers tip significantly less than their dining counterparts
47:40 – Can your firm's client-retention rate make or break selling the firm? | The Canadian Accountant
49:00 – Jump over to Episode 110 to learn more key factors for successfully selling your accounting or bookkeeping firm
49:35 – How small, rural firms possibly compete in the cloud accounting universe without reliable high-speed internet? | LinkedIn
50:22 – It'll be another decade before the FCC implements the fourth wave of broadband internet to some 36,000 'unserved' homes and businesses across 16 states | Business News Daily

Connect with Will

Website: https://gusto.com/blog/author/will-lopez
Twitter: @Zewillster
LinkedIn: Will Lopez
YouTube: https://www.youtube.com/c/advisorfitv

Get in Touch

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Going deep on the MyPayrollHR fraud with Wendy Slavkin of Cachet Financial Services Sep 19, 2019

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01:41 – General Counsel Slavkin describes Cachet Financial Services as a sort of third-party vendor for payroll processing companies.
05:59 – Every ACH provider has their own patented process for payroll
06:45 – How MyPayrollHR’s owner, Michael Mann, did the deed, in technical detail
09:03 – Slavkin claims the assorted employee banks are to blame for the whole payment reversal fiasco
10:32 – According to Slavkin, banks have 60 days to either accept or reject reversal files
11:29 – Cachet eventually decided to return all funds to the affected employees, using their own funds
12:10 – Though Cachet covered the payroll, some employees have yet to receive their funds back
13:32 – Slavkin notes that employee banks are waiving overdraft and other fees related to this incident
14:18 – NACHA’s statement re payroll-deposit reversals | Personnel Today
14:38 – Slavkin doesn't agree with NACHA's claim about reversing payroll deposits.
16:21 – Lesson learned: ABC - Always Be Cautious ... Before the MyPayrollHR event, Cachet never had controls in place to detect fraudulent activity from the client side. Now, after the fact, they do.
18:56 – According to Slavkin, Pioneer Bank is holding at least some of their money "in trust" ... They just have to find a way to get it.
23:18 – Timeline of the aftermath – from discovery through contacting FBI and more
24:38 – Wall Street Journal reports that Mann is cooperating with the U.S. Attorney and FBI ... | The Wall Street Journal
25:02 – Where in the world is Michael Mann? Either nobody knows, or they're not saying
26:30 – Blood and turnips - Slavkin was unable to accomplish much of anything when she contacted the FBI for help
31:50 – Pioneer Bank – another victim? | Times Union
33:30 – Was this a crime of desperation, or a crime of greed?

Connect with Cachet Financial Services

The Cachet Crisis Hotline number is 877-579-8557

Connect with Our Guest, Wendy Slavkin, General Counsel for Cachet Financial Services

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#AccountingShowLA: The Insanity of Cannabis Accounting & Tax Sep 18, 2019

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Episode Notes

01:17 – The Cloud Accounting Podcast is gonna smoke Marijuana Daily in the iTunes charts, after this episode!
01:44 – A blunt history – how Bruce and Tom got started in the cannabis-accounting realm
02:50 – Bruce speaks to some of the challenges cannabis businesses face, when it comes to accounting
03:37 – The tables have turned when it comes to the types of clients served in a cannabis accounting firm
04:28 – How can accountants use cloud technology to help cannabis clients?
04:46 – Come hail or high water, Tom prefers hosted (cloud) solutions, such as QuickBooks Online and QuickBooks Enterprise to keep client data safe.
06:00 – One way to store your cannabis currency – PotCoin? | Vox
06:16 – Bruce explains some of the many layers involved with reporting for cannabis clients.
08:26 – Since every move you make, as a cannabis business, needs to be tracked, the most efficient way to do so is with specialized seed-to-sale or track-and-trace software
09:18 – How to get your Metrc on … | SoftwareConnect
11:10 – Is there a QuickBooks Cannabis Edition out there?
11:16 – A few of the front runners in the seed-to-sale software space: Proteus 420, BioTrackTHC, and LeafLogix
12:38 – There are separate licensing requirements for each phase of the cannabis industry, from cultivation to distribution
13:19 – Cannabis taxation - harshing your accounting and bookkeeping mellow, from the municipal to the state level.
14:46 – The full operation - seed to sale - has the most tax benefit for local agencies in California.
15:33 – If you want to set up shop in L.A, the city's Department of Cannabis Regulation Pre-app instructions and zoning tool will give you some direction
16:02 – One retail roadblock could get in the way - LA DCR only has another 150 retail licenses to offer, all with a preference toward social equity ...
16:27 – Another huge downside in the LA cannabis market is fierce and seemingly unfettered, or at least unlicensed, competition
17:07 – Is California's black-market cannabis winning the race?
17:32 – California takes a nearly 50-percent cut for assorted cannabis-related taxes, hanging cannabis businesses out to dry
19:10 – The CDTFA is more than happy to guide you through all the ways they'll take a hit off your revenues as a cannabis business owner
19:43 – Bruce breaks down the taxation and reporting process - from distribution to retail
21:06 – There's zero method to California's cannabis tax reporting madness, and no official guidance, either
22:22 – Cannabis users take note! If you're using for medicinal purposes, be sure to bring proof when you visit a retail cannabis store
25:23 – Accountants, do your cannabis clients a favor - learn, understand, and offer the tax piece, too! | Cannabis Industry Journal
26:14 -- Get some help - with the constant changes in the cannabis industry, with laws, regulations, taxes, and requirements, you need qualified, competent support for your cannabis accounting
28:32 – Cannabis accounting and bookkeeping skills are probably not as portable as other types.
30:14 – Who needs Starbucks, when there are pot brownies to be had?

Connect with Our Guests

Bruce Andersen, CPA:

Websites - https://andersencpa.com/ and https://cannabiscpa.tax/
LinkedIn - https://www.linkedin.com/in/bruce-andersen-8788a59/

Thomas Andersen:

Twitter - @TheOfficialTomA
LinkedIn - linkedin.com/in/tomandersencbd

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Everything we know about the $35 million MyPayrollHR payroll fraud Sep 14, 2019

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Show Notes

03:22 – MyPayrollHR's simplistic sayonara | Krebs on Security
05:40 – Some questions, some blame, a whole lotta wrath | SearchHRSoftware
07:28 – Governor Cuomo's statement | NYDFS
09:06 – Will the real Michael Mann please stand up? | TimesUnion
10:32 – a brief primer on how a payroll service processes a payroll
12:03 – Bait and switch ... MyPayrollHR redirected employer funds from the holding account to one of their internal accounts
16:02 – Really, Cachet? You're the ONLY victim?
17:05 – Apparently, Cachet needs bigger, louder, more neon-y warning signs when things are going awry with clients
19:21 – The FBI wants your intel, if you know anything about the MyPayrollHR situation.
20:58 – Breaking up isn’t hard to do when you do it with email, right?
23:17 – Payroll company using fraudulent means to report on fraudulent activities of another payroll company? Probably not the brightest bulb in the lamp ...
25:10 – Earlier this year, Key Bank was at the center of another payroll provider debacle | Albany Business Review
29:20 – Stop back next week for the latest intel on the ongoing MyPayrollHR melee!
29:37 – QuickBooks Live test-drives a new pricing tier based on the user's annual expenses | Firm of the Future
31:57 – Congratulations to Gusto for having cool workplace digs! | Inc.com
32:46 – More on Clio's astronomical $250 million raise, straight from the CEO's mouth | LawSites
33:19 – Visor, the tax-prep company we talked about in Episode 70, is still incognito
34:21 – Will California set precedent with AB-5 and shake up the gig economy? | CalMatters
37:43 – Has anyone bothered to ask Cali gig workers whether they WANT to become part-time employees vs contractors?
38:37 – David sees this legislation as just another part of the innovation lifecycle running its course
40:40 – Madeline Pratt serves up some thought food on the shelf life of influencers | Fearless in Training
41:25 – As David promised, an assortment of links from LinkedIn, and a sampling of leaderboard-y goodness? from AccountingWEB:

https://www.linkedin.com/feed/update/urn:li:activity:6577777378490109952
https://www.linkedin.com/feed/update/urn:li:activity:6577554625778581504
https://www.linkedin.com/feed/update/urn:li:activity:6575309489593954304

42:43 – Are influencers operating in an echo chamber?
45:49 – Last, but definitely not least, we got some new reviews in!
46:45 – Hear Blake's best interpretation of a smooth voice ...
47:12 – We did make a list! Thanks to all our listeners, and reviewers for making it happen!

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Did Clio raise $250 million to build "Clio Live"? Sep 12, 2019

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Show Notes

01:21 – Jet lag does cause memory loss ... | ScienceDaily
01:39 – Thanks to everyone who made our trip to Boston for Accountex a success!
03:18 – Just a little off the top … Hit up Xerocon Brisbane for a trim
04:22 – If you need some insight about pricing, like our listener, Danielbreez, check out the Soul of Enterprise podcast, or read Ron Baker's book on the subject
05:32 – Xero’s small-biz ecosystem just got a little bigger | Voxy
08:12 – Xero revs up the bank engine, partnering with BP on their Australian fuel card program | CIO
09:03 – Clio blows the roof off of VC raises with a $250 MILLION round | The Globe and Mail
10:39 – How long before the other industry practice-management SaaS providers get off the bench and follow Clio's lead?
11:57 – Clio’s biggest competition is pen and paper? | Clio
14:17 – Could this be David's new side hustle - PBFaaS - Psychic Business Forecasting as a Service?
14:51 – Speaking of additional services, Square's got a new one - the Square EIN Assistant | Square
16:53 – Wake-up call - SaaS providers are starting to fill gaps where accountants and bookkeepers fall short.
18:11 – Former guest, Sabrina Parsons of LivePlan, tackles yet another challenge - sitting on the board of directors for Oregon Pacific Bank | Insightful Accountant
18:44 – Blake and David are significantly less than whelmed with QuickBooks Desktop's new features for 2020
20:27 – SmartBooks introduces a new practice-management workflow tool - Blake-approved! | PYMNTS.com
22:35 – Ireland-based Surf Accounts catches a wave (of BS?) into the U.S. market | Insightful Accountant
23:43 – M&A is hot, hot, hot ... according to surveyed tax and accounting professionals | CPA Trendlines
24:46 – Is this a buyer's or seller's market? Check out Ep. 110 to hear some expert opinions!
25:28 – Payroll-advance apps, like Earnin, are starting to face regulatory scrutiny | PYMNTS.com
26:59 – Breaking News Alert! We've got early details on the mystery of the missing MyPayrollHR company (and even more to come in the next episode!)
27:49 – “The whole place is going nuts!” Is this the payroll-processing version of Boiler Room?
29:24 – Governor Cuomo's statement re: MyPayrollHR | Albany Business Review
32:57 – Before we go, though, check THIS out! The LG G8X ThinQ Dual Screen phone! | Digital Trends
33:22 – Let us know if you've got some intel on the MyPayrollHR 'scandal', and also, whether you prefer one episode at a time, or want us to drop a bunch for your binge-listening enjoyment!

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#AccountingShowLA: Things you need to know if you want to sell (or buy) an accounting firm! Sep 09, 2019

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Show Notes

00:32 -- Greetings from sunny L.A. and the Accounting and Finance Show!
01:33 -- Podcasting - Blake's gift to the world!
01:49 -- Meet Shannon Hay, VP at Live Oak Bank
02:44 -- Meet Dr. Curtis Cochran, President/CEO of Cochran Consulting
03:42 -- Why Cochran gives every new client a thorough exam
05:45 -- What are the key considerations for selling your accounting firm?
06:44 -- Are you worth less if you don't have your head, or your book of business in the cloud?
07:09 -- Shannon talks valuation and the many variables involved
09:27 -- Evaluating an accounting or bookkeeping firm's worth is an art, not a science
10:37 -- It's a numbers game. The gentlemen discuss multiples
11:55 -- Curtis argues that annual cash flow is a better determinant of value than gross revenue
13:26 -- Why sell? Shannon talks about the various reasons firm owners want out
15:59 -- One-stop shopping is not just for Amazon. Accounting and bookkeeping clients want more than just the basics
17:37 -- Want to start your own accounting firm? Odds are stacked in your favor, if you have the right combination of knowledge, tech, and exceptional customer service
18:25 -- Buyer's market or seller's market? Our guests have differing points of view
19:33 -- Shannon believes many boomer firm owners still haven't decided to take their leave yet
20:26 -- The young guns aren't buying up accounting firms. A growing consensus of younger accountants thinks it's easier to just steal clients away
22:25 -- Don't wait til it's too late. Even if you didn't start your firm with the finish line in mind, now is the time to get that exit plan in place!
24:21 -- Buyers need to see the potential, not the past
27:01 -- If you are sans exit plan, you're not alone. A fair number of large and small companies don't have one either

Connect with Our Panelists

Dr. Curtis Cochran (President/CEO of Cochran Consulting): https://www.linkedin.com/in/ccochranconsulting/
Shannon Hay (Vice President, Accounting and Tax at Live Oak Bank): https://www.linkedin.com/in/shannon-hay-1b6bb88/

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Sock Puppets: How many fake profiles are you connected to on LinkedIn? Sep 07, 2019

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Show Notes

01:25 – Why enjoy a nice relaxing Labor Day weekend, when you can go camping instead?
03:30 – Why are sock puppets writing accounting articles?
05:23 -- Blake talks about how to suss out sock puppets on LinkedIn, and teaches us how to do a Google Image Search
08:35 -- Time to clean house on your LinkedIn profile? | LinkedIn
12:30 -- Something’s rotten in the state of accounting content | Leary Theory on Revue
13:13 -- According to a NY Times article, China is using LinkedIn for less altruistic purposes | New York Times
14:06 -- Why do human work, when you can pretend to be a robot? | WSJ
16:45 -- Walmart one-ups UPS and sends their accounting jobs, some 600 of them, to India | Breitbart
18:51 -- Get your Sage accounting advice Down Under - Intacct opens in Australia | Accounting Today
20:04 -- The subscription economy grows again – Chargebee raise $14M in Series D round | Chargebee
20:30 -- AvidXchange is cozying up to banks with their acquisition of BankTEL | Verdict
21:43 -- Going with the flow, Tesorio (think “Mint for Business”) raises $10M in a Series A round | TechCrunch
23:46 -- Intuit’s TSheets is losing the Race to Zero with increased user fees later this month | TSheets
26:32 -- Might be time to think outside the Box … | WSJ
29:18 -- Listeners – Are you using cloud storage, specifically Box, or Dropbox? Inquiring hosts want to know!
30:57 -- Vanguard Active Funds Struggle to Beat the Market | Money
33:32 -- What to do when your cloud breaks | Journal of Accountancy
35:52 -- ABC – Always Backup your Cloud! Just because it’s in the cloud, doesn’t necessarily mean your data is backed up!
36:40 -- Not even your teeth are safe from ransomware attacks! | Krebs on Security
37:55 -- Is your cyber insurance making you vulnerable to ransomware attacks? | ProPublica
39:18 -- A deeper dive into the ransomware/insurance connection | ProPublica
40:01 -- It’s not what you do, it’s why you do it | CPA Trendlines
43:43 -- Survey says: so long soft skills, bring on the tech! | Accounting Today
45:51 -- News of the Weird: Liberty Tax, Sears Hometown, and Vitamin Shoppe make strange bedfellows!
48:43 -- Sock-puppet-free, REAL awesome reviews!
51:56 -- Blake and David are Boston-bound for Accountex 2019!

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