The Accounting Podcast

Stories in this episode:NetSuite Outage Idles Finance Departments — CFOGoogle: Security Keys Neutralized Employee Phishing — Krebs on SecurityHuman Resources Firm ComplyRight Breached — Krebs on SecuritySubscribe: Listen on iTunesListen on Google Play

Subscribe: Listen on iTunesListen on Google Play

Stories in this episode:What is the cloud? Inside a secret Microsoft site that’s securing your data — TodayAccounting software biz Intuit flogging bit barn to throw its lot in with AWS — The RegisterBringing full-service payroll to customers in all 50 states — Xero BlogCertify acquires Abacus — Accounting TodaySubscribe: Listen on iTunesListen on Google Play

Stories in this episode:Hey Mid-Market, Xero and Intuit are coming! — Digital FirstSubscribe: Listen on iTunesListen on Google Play

Stories in this episode:Hey Mid-Market, Xero and Intuit are coming! - Digital FirstLabor Costs Will Skyrocket Over the Next Decade - CFO.comGlobal Business Payment Is Becoming Much Easier - Bill.comSubscribe: Listen on iTunesListen on Google Play

Stories in this episode:Here's How The New Postcard-Sized 1040 Differs From Your Current Tax ReturnThe New Tax Form Is Postcard-Size, but More Complicated Than EverCalifornia Unanimously Passes Historic Privacy BillCalifornia Passes Groundbreaking Consumer Data Privacy Law With Fines for ViolationsAnalysis: The California Consumer Privacy Act of 2018Subscribe: Listen on iTunesListen on Google Play

Questions asked in this episode: Does the decision affect sales of services online across state borders in addition to goods?Are there any strategies businesses can use to avoid sales or quantity thresholds for collecting sales tax?Will we see an increase in states taxing services? What process or technology should we look at for tracking sales by jurisdiction?Is it even worth it to comply?Will Amazon help out Amazon Marketplace sellers by doing more to track and collect sales tax?Are there any benefits to this decision for businesses?Stories in this episode:South Dakota v. Wayfair, Inc. — Wikipedia — Check out the Wikipedia article on the SCOTUS decision for an overview of the case or to catch up on the news.Overstock.com Expanding Physical, Digital Presence Following U.S. Supreme Court Ruling — Overstock.com — Overstock.com issued a press release stating that the company plans to expand "its physical and digital operations, including supply chain, marketing, and recruiting, into states in which tax nexus concerns previously prevented the company from having a direct presence."Subscribe:Listen on iTunes/Apple PodcastsListen on Google Play

Stories in this episode:Last week’s IPO, Avalara, is today’s big winner in internet tax rally — Accounting Today — Shares in the sales tax management firm rose as much as 32 percent after Wednesday’s ruling, extending gains to more than double since its public debut last week. Supreme Court rules that internet businesses must collect all state and local sales taxes — Los Angeles Times — Check out this article for a chart showing states that will benefit most from the Supreme Court decision, including California, Texas, New York, and FloridaWhy Amazon is the winner of the Supreme Court sales tax ruling — CNBC — The Supreme Court overturned a ruling from 1992 that allowed online retailers to skirt sales tax collection responsibilities if they didn't have a physical presence in the state. But Amazon stands to benefit from the ruling, experts say. Amazon already collects sales tax on the products it sells directly, and the ruling doesn't make clear how third-party sales should be taxed.Steve Forbes: Internet sales tax would be fatal for small businesses — Fox News — Steve Forbes argued before the ruling that extending sales tax collection requirements to out of state, online retailers will have a dramatic, ugly impact on small businesses and entrepreneurs.The Land Of Duty Free — Planet Money — The Planet Money team follows the surprising origin of duty free stores, and try to answer the question: Are they really saving you any money?A machine has figured out Rubik’s Cube all by itself — MIT Technology Review — Unlike chess moves, changes to a Rubik’s Cube are hard to evaluate, which is why deep-learning machines haven’t been able to solve the puzzle on their own. Until now.Subscribe:Listen on iTunes/Apple PodcastsListen on Google Play

Stories in this episode:IRS budgets $291M on technology for tax reform — Accounting Today — The Internal Revenue Service plans to spend close to $300 million to implement the new tax law, including approximately $20 million for an estimated 450 new forms, instructions and publications.Cloud Technology Advances the Accounting Profession: A Survey of Accounting and Finance Professionals — FloQast — 85% of accounting organizations face challenges hiring and retaining their talent. What are more than half of all organizations surveyed doing to address this hindrance? They are adopting modern technology to enable staff to be more efficient.Billable Hour ‘Makes No Sense’ in an AI World — Big Law Business — Panelists see a future where lawyer’s failure to use AI will be ethical lapse, malpractice liabilitySubscribe:Listen on iTunes/Apple PodcastsListen on Google Play

Stories in this episode:Aprio to acquire HPC — Accounting Today — Aprio LLP, a Top 100 Firm, has signed an agreement to acquire HPC, a cloud-based accounting firm that services its clients online.Top 10 Accounting Firm IT Survey Surprises — CPA Practice Advisor — An IT survey reports that more than half of midsize and large accounting firms (51%) have outsourced their entire IT infrastructure to the cloud. This is a noticeable increase from 2016, when only 23% had made the jump.Vermont will pay people $10,000 to move there and work remotely — CNN Money — There’s a new law in Vermont that will pay new residents who work remotely for out-of-state companies up to $10,000.Gusto Launches Modern Directory of Accountants — CPA Practice Advisor — Gusto, the payroll, benefits and HR technology company, has launched a new partner directory of accounting firms that provide such services.Spotlight Reporting announces new wealth management partnership — Spotlight Reporting Blog — Spotlight Reporting has announced that wealth data software solution, myprosperity, is their newest integration and strategic partner. The partnership will “allow accountants and advisors to report on and advise on both business data and personal or family wealth in the powerful Spotlight Reporting tool-set.”QBO Payroll Done Right: Contractor Direct Deposit — QuickBooks Blog — In addition to helping businesses with employees run payroll more efficiently, QuickBooks payroll now supports businesses that want to pay independent contractors.New Feature: Proposal Reminders — Practice Ignition — With proposal reminders you now have the option to set a practice wide cadence for following up and re-sending proposals - automatically! Once you’ve set your cadence, Practice Ignition will take care of the rest.Slack and ADP: Looking up pay stubs and booking time off just got a lot easier — Slack Blog — Now with the new ADP Virtual Assistant app, you can get that information sent to you where you’re already working — in Slack. There’s no need to switch tabs, switch tools, or switch contexts, everything you need can be conjured up by typing “help” or using simple slash commands.Making payroll a breeze with Xero + Paychex — Xero Blog — Thanks to a new integration with Paychex General Ledger Service (GLS) you can quickly and easily connect to your Xero account, post payroll entries to your general ledger in just seconds and save time and reduce errors.Subscribe:Listen on iTunes/Apple PodcastsListen on Google Play