The Accounting Podcast

Blake Oliver & David Leary
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Mar 9, 2020 • 48min

Why Women Leave Accounting Firms

SponsorsBooksTime: https://cloudaccountingpodcast.promo/bookstimeClockShark: https://cloudaccountingpodcast.promo/clocksharkBQE Succeed: https://cloudaccountingpodcast.promo/bqesucceedShow Notes03:16 - What companies are disclosing about coronavirus risks - Journal of Accountancy05:38 - Wells Fargo Fined $3B Over Fake-Accounts Scandal - CFO06:43 - House Report Says Wells Fargo Continues to 'Abuse' Customers - CFO08:07 - 'Shark Tank' judge Barbara Corcoran gets her $400,000 back from scammers - CNN09:22 - LendingClub buys Radius Bank for $185 million in first fintech takeover of a regulated US bank - CNBC10:56 - Robinhood Outage Extends Into Second Day - CFO13:58 - Are Banks Afraid of Payment and Money Transfer Apps? - CPA Practice Advisor15:01 - NetSuite 2020 Release 1 Delivers Automation, Integration and Insight Enhancements that Will Enable Businesses to Grow - NetSuite Blog17:56 - Sage Exits Latin America With £1M Deal - PYMNTS.com 20:02 - $75M legal startup Atrium shuts down, lays off 100 – TechCrunch 24:56 - Deloitte introduces VR platform for relocating staff | Accounting Today 26:19 - QuickBooks Connect London is cancelled28:26 - Mnuchin directs IRS to boost audits on wealthy - Politico30:40 - Opinion | No Need for a PCAOB If Auditing Conflicts Are Eliminated - WSJ33:36 - Suspected Casino Ransomware Attack: Officials Investigating - CBR Online34:47 - Why women leave firms — and what we can do about it - Journal of Accountancy37:46 - My Sexual Harassment Experience at PwC - Reddit40:03 - Remote work options can boost gender diversity: AICPA survey - Accounting Today41:30 - We received our first ever Cloud Accounting Podcast voicemail! 42:42 - Feedback on last week's question - What should Intuit have bought with that $7 billion?43:43 - I'm joining the Melio faMelio - David Leary on LinkedInGet in TouchThanks 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!  Meet Blake and David in person!  May 31 - June 3, 2020: BQE Succeed - Encore at Wynn Las VegasNeed Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsHigh Rock Accounting: careers@highrock.co Elefant: https://elefanttraining.comBookkeeping Side Hustle: www.BookkeepingSideHustle.com/bookkeeping-guidebookGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd  
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Mar 3, 2020 • 55min

Accounting for Coronavirus

SponsorsClockShark: https://cloudaccountingpodcast.promo/clocksharkSplashtop: https://cloudaccountingpodcast.promo/splashtopBQE Succeed: https://cloudaccountingpodcast.promo/bqesucceedShow Notes02:57 Shark Tank host Barbara Corcoran loses $400,000 in a scam - CNN04:55 Email Scammers are Savvier, and More Successful than Ever - WSJ07:51 Los Angeles is now the least affordable housing market - Housing Wire10:59 SEC and PCAOB offer potential relief for audit firms in China amid coronavirus - Accounting Today11:49 Under Armour is Investigated for Accounting Fraud - Yahoo! Finance12:58 Intuit confirms that it is buying Credit Karma for $7.1B in cash and stock – TechCrunch13:23 TurboTax's Bid to Buy Free Tax Prep Competitor Might Violate Antitrust Law, Experts Say - ProPublica15:01 With Credit Karma, Intuit to boost personalization - Bank Innovation16:02 How to Cancel Your Credit Karma Account If You Hate the Intuit Acquisition - Wirecutter22:54 Intuit Corp (INTU) Q2 2020 Earnings Call Transcript - The Motley Fool26:12 Intuit ProConnect and Karbon Ink Practice Management Partnership - AccountingWEB28:05 Fintech firm Revolut bags $500 million in funding round led by TCV - CNBC29:35 Best Online Business Banking for 2020 - Quicksprout31:43 What's new in QuickBooks Online: February 2020 - QuickBooks33:04 Misty Megia steps down as global head of QuickBooks ProAdvisor Program - Accounting Today 34:05 Pilot.com Launches Three New Products That Reach Beyond Bookkeeping - oaoa.com38:31 Drake Software Status - Drake41:17 IRS quietly deletes guideline that Fortnite virtual currency must be reported on tax returns - CNNIRS backtracks on whether video game currencies are taxable - The Verge45:29 AI Comes to the Tax Code - WSJ47:55 Accounting profession leaders call for action against climate change - Journal of AccountancyGet in TouchThanks 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!  Meet Blake and David in person!  May 31 - June 3, 2020: BQE Succeed - Encore at Wynn Las VegasLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsHigh Rock Accounting: careers@highrock.co Elefant: https://elefanttraining.comBookkeeping Side Hustle: www.BookkeepingSideHustle.com/bookkeeping-guidebookGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd  
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Feb 24, 2020 • 1h 1min

Debit Intuit, Credit Karma

SponsorsBill.com: https://cloudaccountingpodcast.promo/billTimesheets.com: https://cloudaccountingpodcast.promo/timesheetsBQE Succeed: https://cloudaccountingpodcast.promo/bqesucceedShow Notes05:20 – Intuit Near Deal to Buy Credit Karma for $7 Billion - WSJ08:39 – If you aren't paying for a product, you ARE the product10:44 – More discussion on the IRS Free File flubs11:19 – Tax-prep analyst sees more free filers hampering revenue growth -  Accounting Today15:26 – Nevada Democrats Say They’ll Replace Their Caucus App With iPads And A Google Form - FiveThirtyEight18:15 – Bloomberg botches tax return question in Democratic debate: ‘I can’t go to TurboTax’ - CNBC20:11 – Just in case you forgot: All People are Tax People – Washington Post21:32 – Accounting rule Warren Buffett loathes boosts Berkshire's bottom line to $81B – Fox Business26:17 – Hacking of Accounting Firm Affects Medical Group – Career Info Security29:07 – Want to Be a CFO? Consider Some Numeric Body Art – CFO.com32:14 – Tweet us your (accounting-related?) tatts33:16 – Go here for more PCAOB discussion!33:52 – Weakening the oversight of US auditing is a very bad idea – Financial TimesWithout an Independent Watchdog, Who Will Audit the Auditors? - WSJ35:30 – How Accountants Took Washington’s Revolving Door to a Criminal Extreme – POGO38:01 – Let's See What Some Folks Are Saying About the Proposal to Fold the PCAOB Into the SEC - Going Concern39:39 – U.S. House Subcommittee Scrutinizes Accounting Rule Maker - WSJ46:11 – Rippling starts billboard battle with Gusto – TechCrunch50:45 – Client Hub Now Automates Resolving Unclassified Expenses – AccountingWEB53:48 – QuickBooks Online: Evolution and innovation Updates56:42 – Another satisfied listener! Thank you! Get in TouchThanks 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!  Meet Blake and David in person!  May 31 - June 3, 2020: BQE Succeed - Encore at Wynn Las VegasLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsHigh Rock Accounting: careers@highrock.co Elefant: https://elefanttraining.comFutureFirm.co: https://futurefirm.co/cloudaccounting/Bookkeeping Side Hustle: www.BookkeepingSideHustle.com/bookkeeping-guidebookGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd  
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Feb 18, 2020 • 58min

Trump wants to kill the PCAOB

SponsorsSmartBooks Genie: https://cloudaccountingpodcast.promo/genieAnalytix Solutions: https://cloudaccountingpodcast.promo/analytixBQE Succeed: https://cloudaccountingpodcast.promo/bqesucceedShow Notes03:03 – Love by numbers? Here are seven reasons to date a finance professional |  AICPA Insights04:34 – Is $11K in Amazon gift cards worth a prison term? One Michael Mann associate is about to find out | Times Union 06:27 – Check out last week's episode for more MyPayrollHR discussion 07:20 – The U.S. Inspector General blames the IRS for Free File faux pas | Accounting Today09:25 – Rhode Island cares how you feel when you file your 1040s | Reddit10:28 – Faster than a speeding bitcoin, ransomware shows no signs of stopping | NYT12:31 – Not surprisingly, cyber incidents take first place in the list of business risks | CFO13:07 – Are slush funds the answer to ransomware attacks, or just a quick fix? | NYT14:04 – Gone phishing ... Puerto Rico just can't catch a break | AP News scam  14:55 – Has the Trump Administration done something semi-intelligent? | Bloomberg Tax15:45 – Stats be damning – What exactly has the PCAOB been doing for the past 16 years? | Accounting Today19:44 – Humans – the missing link in tech solutions? | ScaleFactor26:57 – Come on in, the remote work is fine! Full Read: The 2020 State of Remote Work | Buffer35:41 – Has San Fran lost its tech luster? | CNBC 36:37 – A little talk about how Slack is lacking 40:13 – Another case for remote work – the struggle to find workers is real | Wall Street Journal41:48 – Remote Work – If you're not commuting, you're not polluting | Forbes 43:00 – Another "new" accounting app for small business - Kashoo | PRWeb44:01 – Square waits for no one – they just do stuff | Square44:20 – New at Xero: Mileage in Xero Expenses is now in open beta and the February Global Release Update | Xero Blog45:33 – Freelancers need love (and bookkeeping) too – Joust to the rescue! | Small Business Trends48:10 – Feeling the love and the free ad spots – we've got REVIEWS! 50:06 – FreshBooks sets sail for the UK | GlobalNewswire50:34 – Xero's not the only fish in the sea, according to one accounting-software minnow | AFR  52:27 – Receipt Bank axes its credit card in the wake of new plans? | AccountingWEB Get in TouchThanks 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!  Meet Blake and David in person! May 31 - June 3, 2020: BQE Succeed - Encore at Wynn Las VegasLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsHigh Rock Accounting: careers@highrock.co Elefant: https://elefanttraining.comFutureFirm.co: https://futurefirm.co/cloudaccounting/Bookkeeping Side Hustle: www.BookkeepingSideHustle.com/bookkeeping-guidebookGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd
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Feb 11, 2020 • 54min

How Excel Helped Win (Steal?) the World Series

SponsorsBREX: https://cloudaccountingpodcast.promo/brexEdgewood Business Solutions: https://cloudaccountingpodcast.promo/edgewoodBQE Succeed: https://cloudaccountingpodcast.promo/bqesucceedShow Notes03:03 – Oh, my! What big FAANGs you have!  These five tech players have a combined $4.1 trillion market cap | Investopedia 05:22 –  Setting the accounting world on fire – well, at least part of it | Sawyer County Record06:09 – Cash is still king in NYC | NYT08:06 – How the Astros brought their C (for cheat) game | WSJ 13:49 – Sage Marketplace offers over 100 ways to customize Sage Biz Cloud | Sage14:14 – Gusto Cashout service is now free for employees | Gusto16:05 – Acumatica beefs up its payroll features and integrations | Accounting Today18:04 – KPMG buys stake in LumaTax | Accounting Today19:00 – Visor takes a new approach with Get Grid | Get Grid22:47 – Etsy – "Mistakes certainly do happen ..." continues plaguing sellers with an array of accounting headaches |  eCommerce Bytes23:37 – Facebook and the IRS square off over a measly $9 billion | WSJ28:31 – Pioneer Bank faces the music for its actions, or lack thereof re: MyPayrollHR | The Daily Gazette30:42 – AICPA see deregulation as a huge threat to CPA licensure | Accounting Today38:06 – Help Wanted – Intuit is looking for QBLive bookkeepers, and they're not afraid to advertise inside of QBOA | Facebook41:28 – BOA could hit Intuit where it hurts | PYMNTS.com42:30 – WePay – Scaling the Books? | WePay 43:30 – United Airlines takes a train-them-yourself approach to hiring | CNBC buys 43:45 – Try, try, try again - KPMG relaunches Spark | KPMG Spark47:58 – Overruled - UpCounsel shuts down | LawSites49:05 – Comings and Goings: Damien Greathead moves to Practice Ignition, and Jody Padar joins Botkeeper | Insightful Accountant/Accounting Today49:43 – Jumping ship or business as usual? Intuit's Alex Chriss dumps a huge chunk of his Intuit holdings | Yahoo! FinanceChriss's Intuit trading history over the past year might provide some perspective | WallmineGet in TouchThanks 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!  Meet Blake and David in person! May 31 - June 3, 2020: BQE Succeed - Encore at Wynn Las VegasLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsHigh Rock Accounting: careers@highrock.co Elefant: https://elefanttraining.comFutureFirm.co: https://futurefirm.co/cloudaccounting/Bookkeeping Side Hustle: www.BookkeepingSideHustle.com/bookkeeping-guidebookGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd
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Feb 3, 2020 • 53min

Tax Software Ranked & Summit Hosting Ransomwared

SponsorsG-Accon: http://cloudaccountingpodcast.promo/gacconOnPay: http://cloudaccountingpodcast.promo/onpayBQE Core: http://cloudaccountingpodcast.promo/coreShow Notes00:50 – More Super Bowl earworms here | Ad Age01:34 – Last week's discussion on tax-prep confidence levels03:54 – Fake news or worthwhile information? You decide! | Business Insider06:38 – More helpful journalism from Biz Insider's Eric Rosenberg | Business Insider10:09 – Which tax software is the best for firms? | CPA Trendlines11:53 – Intuit ProConnect expands their tax professional ecosystem | Silicon Valley Daily12:35 – No news is no news when it comes to the Summit Hosting outage, but we're covering it!20:06 – As per usual, Reddit users have something to say about Summit | Reddit22:48 – The real cost of ransomware attacks? | Coveware26:14 – OOPS! That's our bad! – Microsoft makes a huge data boo-boo | Threatpost28:39 – Just what we need – another report. That'll fix what ails our government! | Accounting Today30:43 – It's only money ... $22 TRILLION worth ... | Politico34:03 – When you see complex accounting shenanigans, be like Mr. Buffett and run the other way | Yahoo! Finance35:06 – You might not like green eggs and ham, but Sam.I.Am likes The Cloud Accounting Podcast!  Thanks for a great review, Sam.I.Am! 37:11 – There's more to CFO-ing than numbers | WSJ41:03 – Blake sees goodwill in a new light, thanks to David46:07 – The Gene Marks tome - Outfoxing The Small Business Owner: Crafty Techniques For Creating A Profitable Relationship47:00 – Teller sets its sights on Plaid with a $4M raise | TechCrunch49:34 – Former CAP guest, Jason Deshayes, shares his delightful bank-feed experience Get in TouchThanks 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!  Limited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast  ClassifiedsFutureFirm.co: https://futurefirm.co/cloudaccounting/Elefant: https://elefanttraining.comGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd
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Jan 26, 2020 • 56min

We've Got No Goodwill for Goodwill & the Pentagon Sucks at Accounting

SponsorsBill.com: https://cloudaccountingpodcast.promo/billTimesheets.com: https://cloudaccountingpodcast.promo/timesheetsOnPay: http://cloudaccountingpodcast.promo/onpayShow Notes02:20 – Blake gets his nerd on in the hunt for the true meaning of goodwill04:40 – Google hopes you won't pay attention to its new search results format | The Verge06:47 – Reviews and feedback!  Thank you! 07:31 – Our in-depth discussion of the four-day workweek is here07:41 – How to stop serial meeting holders in their tracks – charge them for every meeting they schedule! | Bloomberg09:42 – Donny takes us to task on our discussion of RPAs in the Predictions episode 10:34 – More on the Gartner definition of RPA | Gartner.com13:24 – Divided we accountants fall over the definition of goodwill | WSJ14:38 – Some more insight on goodwill from Calcbench | Calcbench25:13 – Why train your staff online when you can build a $450M campus like KPMG? | Bloomberg Tax26:55 – More new accounting standards equals ever-rising audit fees | Accounting Today28:17 – What you need to know about tax-zapper software! | AccountingWEBMore info on the zappers here | Wikipedia29:17 – Grounded for life – Former WF CEO gets the boot from banking | CFO31:00 – Seeing red – Cachet files for Chapter 11 | Albany Business Review If you missed it, here's our discussion with Cachet's General Counsel last year32:08 – $35 TRILLION worth of stupid accounting tricks | Bloomberg35:38 – Is the Big Easy just a Big Target for hackers? | PYMNTS36:57 – Totally tubular, man! Everything you ever needed to know about pneumatic tubes | Pneumatic.Tube 38:00 – The Digital Dollar Projects gets us one step closer to Fed-backed cryptocurrency | CFO 39:18 – Pass the bucks - China's testing out its own digital dollar | NPR 40:20 – Have phone, will vote? King County thinks so | WSJ43:52 – Maybe it's not Mint to be | Fast Company47:00 – Mint might not be your thing, but You really Need a Budget | YNAB 49:20 – Tax prep jitters? Not according to this survey | Finance Buzz50:55 – VCs are placing some pretty high bets on B2B fintechs | PYMNTS51:45 – Ceterus, playing the accounting firm with engineers games, rakes in a total of $30M | The Post and Courier52:31 – According to Glassdoor, you need to become an accounting manager | Going Concern53:41 – Need to beef up your firm's password management? Check out this guide | Tom's Guide Get in TouchThanks 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!            Limited edition shirts, stickers, and other necessities.TeePublic Store: http://cloudacctpod.link/merch SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast  ClassifiedsFutureFirm.co: https://futurefirm.co/cloudaccounting/Elefant: https://elefanttraining.comGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd
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Jan 19, 2020 • 59min

Visa acquires Plaid & Intuit makes ChronoBooks exclusive to QBO Advanced

SponsorsQuickFee: https://cloudaccountingpodcast.promo/quickfeeAccountingSuite: https://cloudaccountingpodcast.promo/asuiteOnPay: http://cloudaccountingpodcast.promo/onpayShow Notes01:52 – David can see clearly now, just in time to admire the cracked screen of his smartphone02:42 – Blake's upping his skills game at Jirav, learning financial modeling03:08 – Blake's second webinar - Webinar Recording: How to Build a Financial Model for an Accounting Firm | Jirav04:25 – The most effective way to master a new tool or software is to use it for yourself, or a client05:24 – Is there life after The Cloud Accounting Podcast? Blake reveals his retirement plan06:57 – Side hustles can help you understand your clients' pain points07:42 – American remote-worker ranks have nearly tripled in the past two decades!08:02 – Business on top, PJs on the bottom - just one of the reasons why remote work rules! 08:18 – Reviews! Thank you, I <3 smilies, Aassas, and Glafollette!  13:43 – Visa changes it stripes, with some $5.3 billion Plaid | Bank Innovation14:30 – Is data the new oil? 15:46 – Everything old wants to be new again, when it comes to fintechs, at least | Advisorhub16:30 -- Visa's Acquisition of Plaid Presentation | Visa17:42 – No QuickBooks Online Advance? No ChronoBooks for you! | Intuitive Accountant19:16 – Perhaps Intuit killed the wrong tool? The ChronoBooks backlash begins23:38 – Who needs a one-percent reward, when you can boost your Karma with every purchase? | Expensify 27:12 – Dave Barrett makes a case for Karma | Expensify27:23 – Do you Concur? Emburse wants to change your mind! | Accounting Today29:19 – Google ups its productivity game with the acquisition of AppSheet | AppSheet 31:16 – Stand up and shout  - FASB is the villain! | Accounting Today33:02 – While it might delight CPAs and auditors, this 10,000 page codification, for mere accounting mortals, is a bit much33:28 – The End of Accounting by Baruch Lev and Feng Gu | Amazon34:32 – There's really no place for GAAP-basis financials in a subscription economy37:11 – The CCPA implementation comes with a pretty hefty price tag - $55 BILLION |The Hill39:11 – Could the CCPA be more trouble, and new risk than it's actually worth? 41:00 – Email still poses the biggest security threat for small businesses | PYMNTS42:17 – Deepfake audio fraud is the new risk in town | Axios43:28 – Are Google and Facebook too big to fail? Apparently not when it comes to invoicing scams | Fortune 44:19 – While paper check usage declines, check fraud continues to rise | WSJ45:09 – UK small businesses are just not that fond of open banking |  PYMNTS46:29 – Be afraid; be very afraid of the Buffett Indicator | CCN47:05 – Mr. Buffett buys low, and sells high, or holds ... Be like Mr. Buffett! 49:41 – Time to move to Finland? | Quartz at Work51:44 – Eliminating useless and constant meetings might be even more useful than a four-day workweek52:28 – Who needs humans when you can hire an Alphabot? Walmart's trying to stay in the game with warehouse automation | GizmodoGet in TouchThanks 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!   Limited edition shirts, stickers, and other necessities.TeePublic Store: http://cloudacctpod.link/merch SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast  ClassifiedsFutureFirm.co: https://futurefirm.co/cloudaccounting/Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd
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Jan 15, 2020 • 59min

It's tax season! (and the best time to steal your competitors' clients)

SponsorsQuickFee: https://cloudaccountingpodcast.promo/quickfeeAccountingSuite: https://cloudaccountingpodcast.promo/asuiteOnPay: http://cloudaccountingpodcast.promo/onpayShow Notes05:31 – Fresh back from the Sage Accountants Advisory Council, in Dallas, Blake is basking in brisket afterglow and ready to talk cloud accounting!06:21 – David takes a field trip to a real accounting firm! 07:53 – It’s tax season! Yay … | Accounting Today08:41 – Are IRS audits becoming an endangered activity? | CNBC 11:51 – When the IRS fails to collect from cheaters, it costs everyone else up to $3K | Accounting Today 15:25 – Wanna get new biz for your firm? Start during tax season! | CPA Trendlines17:08 – IRS calls open season on tax-prep competition, and gives the Free File program a makeover | ProPublica 19:43 – Straight from the source - Free File: File Your Taxes Online for Free | IRS23:16 – According to a recent survey, accountants are upping their tech game and their advising skills! | AccountingWEB29:56 – Hello Pot, this is Kettle – Is Amazon feeling too much heat from Honey? | PYMNTS31:28 – California – Land of Confusion – When it comes to the new privacy law | Fox and Hounds Daily  35:42 – Way to keep that private info safe, Facebook! | Bloomberg 37:35 – No time like the present – the California Board of Accountancy switches to email distribution of its newsletter, just in time to let everyone know they raised their fees | CBA39:30 – New Year's Bug Takes NYC Parking Meters Offline | PYMNTS41:53 – Virtually screwed –Thomson Reuters’ Virtual Office goes down for the count … But at least they’re providing status updates!  | Thomson Reuters 47:49 – What’s your favorite way of dealing with client 1099s? | CPA Trendlines49:51 – “Hey, you! Get off of my screen!” Chase just says no to screen-scrapers | Bank Innovation 51:51 – Do banking consumers really want to know who owns their bank data? | CNBC 54:43 – What is open banking, anyway? | American Banker Get in TouchThanks 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!   Limited edition shirts, stickers, and other necessities.TeePublic Store: http://cloudacctpod.link/merch SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast  ClassifiedsFutureFirm.co: https://futurefirm.co/cloudaccounting/ Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd
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Jan 12, 2020 • 56min

The best and worst 2020 predictions (and some of our own)

SponsorsJirav: www.jirav.comHi, this is Blake, and I just wanted to let you know that this episode of the Cloud Accounting Podcast is sponsored by Jirav, my employer. “Jirav” sounds a lot like “giraffe” — and that’s no accident. Giraffes are the tallest animal in the world. That gives them a great view. Our goal at Jirav is to give you a similarly great view of what’s going on with your business.We do that by helping you understand where your business has been, and most importantly, predict where it’s going. Jirav connects your cloud-based accounting, payroll, CRM, and billing data together to automatically update shareable online dashboards, monthly reporting packages, and sophisticated financial plans and budgets in real-time. If you’re using Excel for reporting and forecasting, you’ll save hours every month with Jirav.Learn how accounting firms are using Jirav to deliver connected insight, strategize growth, and help their clients make more profitable decisions. Visit jirav.com and start your 30 day free trial. That’s J-I-R-A-V dot com. See farther with Jirav.Show Notes00:38 – Looking back - how many 2019 predictions came true? 03:17 – Blake's first prediction for 2020 comes true less than a minute later ... Well, sort of ... 03:38 – Culling All Accounting Conferences – less definitely may start to be more! | Accounting Today05:33 – Is there any value in free? 09:01 – Duh ... Overstating the obvious isn't really making a prediction | E2709:31 – Dynamic pricing is just not a thing, at least not for the smaller players11:09 – Hmm - is "used" the new "new"? 11:28 – What's going to have the biggest short-term impact on accounting? One hint: it's not humans | Journal of Accountancy13:25 – Blockchain in 2020 - boom or bust? | Enterprise Times 14:50 – Armanino releases blockchain-powered app for instant attestation | Accounting Today16:49 – Government still says no to crypto | Real Daily19:58 – Everybody’s losing their minds over 5G! But, why? | The Verge21:14 – Blake takes issue with 2020 being the breakout year for 5G – lack of speed isn’t the problem; lack of use is 23:25 – 2020 just might be the year of foldy, rolly, hidey devices ... Maybe25:12 – 2020 sees the hiring of non-accounting grads at CPA firms continue | Journal of Accountancy26:25 – Blake says it's going to take a good decade to create and implement the changes needed in the CPA exam and curriculum 27:49 – Want to stay relevant, and innovate? Pull your head out of last year! | LinkedIn29:33 – Millennials might be so 2019, but they still have some decent asks when it comes to employment | Boomer.com 31:31 – Open banking in the US? Maybe in 2030 ... | Accountancy Today33:19 – What's the most important issue facing the accounting industry? Here are at least 100 | Accounting Today35:30 – Things are different all over -  2020 Accounting Changes from Down Under | Accountants Daily 37:42 – Automation - great for those with actual skills; not great for the not-so-great ... 37:55 – What do accounting regulators actually DO? | CFO Dive40:17 – For your reading pleasure - 120 AI Predictions For 2020 | Forbes42:17 – Speaking of Voice AI – 46 industry pros share their 2020 Voice AI predictions | Voicebot.ai45:01 – VR will continue to make people nauseous in 2020 45:08 – Four (just four?) Creepy Applications That Will Change Your Business In 2020 | Inc.com47:36 – Is Netflix going to be your next bank? | Banking Innovation49:24 – The moment we've all be waiting for - David and Blake offer up their 2020 predictions! 🎉49:30 – Nobody's staying in their lane! David says watch out for blurred, crossed, and muddied lines more than ever. 50:59 – According to Blake, 2020 is the year that one of the GL players - think QuickBooks, Xero, et cetera - becomes a bank. 52:28 – David's no-brainer prediction - Xero and Sage will have to launch their own version of Live product to compete with QuickBooks Live. Mark his word! (For the record, Blake disagrees) 54:24 – Podunk is not the proper nomenclature, David ... 😁Get in TouchThanks 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!   Limited edition shirts, stickers, and other necessities.TeePublic Store: http://cloudacctpod.link/merch SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlay...

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