What happens when AI starts cutting audit bills? Blake and David unpack KPMG’s push for a 14% fee cut from Grant Thornton, Botkeeper’s shutdown versus Pilot’s “AI accountant,” and how agents like Claude are already doing real client work. You’ll hear why entry-level roles are vanishing, what tax pros need to know about the IRS’s new e-payment push and Tax Pro Account upgrades, plus a fun detour: DJ John Summit’s Tax Day album.SponsorsUNC - http://accountingpodcast.promo/uncOnPay - http://accountingpodcast.promo/onpayCloud Accountant Staffing - http://accountingpodcast.promo/casChapters(00:00) - KPMG's AI-Driven Audit Fee Reduction (00:28) - Welcome to the Accounting Podcast (00:53) - Blake's First Time at the Waste Management Open (02:00) - John Summit: From Accountant to DJ Superstar (04:39) - John Summit's Accounting-Themed Album (09:44) - Earmark CPE: Easy CPE Credits for Accountants (12:34) - The Rise and Fall of AI Bookkeeping Startups (24:48) - Pilot's Autonomous AI Accountant (26:50) - Partnering with Accounting Firms (29:59) - AI in Bookkeeping and Accounting (33:33) - Impact of AI on Accounting Jobs (40:27) - Trump's $10 Billion Lawsuit Against the IRS (44:40) - IRS Updates and Tax Pro Accounts (49:53) - KPMG's AI Acquisition (51:14) - Airlines Save Millions with Weight Loss Drugs (52:58) - Conclusion and CPE Information  Show NotesKPMG pressed its auditor to pass on AI cost savings https://www.irishtimes.com/business/2026/02/06/kpmg-pressed-its-auditor-to-pass-on-ai-cost-savings/Botkeeper is Closing Its Doors https://www.cpapracticeadvisor.com/2026/02/09/botkeeper-is-closing-its-doors/177677/Botkeeper shuts down https://www.accountingtoday.com/news/botkeeper-shuts-downAnthropic AI Tool Sparks Selloff From Software to Broader Market https://www.bloomberg.com/news/articles/2026-02-03/legal-software-stocks-plunge-as-anthropic-releases-new-ai-toolAI fears pummel software stocks: Is it 'illogical' panic or a SaaS apocalypse? https://www.cnbc.com/2026/02/06/ai-anthropic-tools-saas-software-stocks-selloff.htmlPilot launches fully autonomous AI bookkeeper https://www.accountingtoday.com/news/pilot-launches-fully-autonomous-ai-bookkeeperPilot Rolls Out Fully Autonomous AI Accountant https://www.cpapracticeadvisor.com/2026/02/04/pilot-rolls-out-fully-autonomous-ai-accountant/177453/Pilot Unveils AI Accountant https://pilot.com/blog/pilot-unveils-ai-accountant-a-major-leap-toward-artificial-general-intelligence-in-accountingStartup Accrual Officially Launches with $75M in Funding to Bring AI-Native Automation to Accountinghttps://www.cpapracticeadvisor.com/2026/02/05/startup-accrual-officially-launches-with-75m-in-funding-to-bring-ai-native-automation-to-accounting/177600/Tax platform Accrual launches with AI automation support for all forms https://www.accountingtoday.com/news/tax-platform-accrual-launches-with-ai-automation-support-for-all-formsAccrual Launches with $75 Million to Bring AI-Native Automation to Accountinghttps://www.businesswire.com/news/home/20260205968515/en/Accrual-Launches-with-$75-Million-to-Bring-AI-Native-Automation-to-AccountingGoldman Sachs leads $75 million funding round for Fieldguide, an AI-native accounting and audit platformhttps://fortune.com/2026/02/02/goldman-sachs-fieldguide-accounting-cpa-ai-software-platform-venture-capital/Fieldguide Raises $75M Series C Round to Boost Audit and Advisory Firms' Agentic AI Capabilitieshttps://www.cpapracticeadvisor.com/2026/02/02/fieldguide-raises-75m-series-c-round-to-boost-audit-and-advisory-firms-agentic-ai-capabilities/177323/Fieldguide Raises $75M Series C from Goldman Sachs to Help Audit and Advisory Firms Grow with Agentic AIhttps://www.globenewswire.com/news-release/2026/02/04/3232133/0/en/Pilot-Unveils-AI-Accountant-A-Major-Leap-Toward-Artificial-General-Intelligence-in-Accounting.htmlTrump, two sons, Trump Org sue IRS, Treasury for $10 billion over tax records leak https://www.cnbc.com/2026/01/29/trump-sues-irs-and-treasury-for-10-billion-over-leak-of-tax-records.htmlTrump sues IRS and Treasury Department for $10 billion over leaked tax records https://www.nbcnews.com/politics/donald-trump/trump-sues-irs-treasury-department-10-billion-leaked-tax-records-rcna256626Trump Sues Treasury and IRS for $10 Billion Over Tax Data Leak https://www.taxnotes.com/featured-news/trump-sues-treasury-and-irs-10-billion-over-tax-data-leak/2026/01/30/7txmzKPMG Brings Aboard AI Development Platform PrivateBlok https://www.cpapracticeadvisor.com/2026/02/09/kpmg-adds-ai-development-platform-privateblok/177729/KPMG acquires PrivateBlok, team will support AI developments https://www.accountingtoday.com/news/kpmg-acquires-privateblok-team-will-support-ai-developmentsKPMG Bolsters AI Product Development Function...

Could AI wipe out half of entry-level accounting roles? Blake and David recount a brazen “courier scam” on David’s porch to unpack how deepfakes and spoofed calls fuel today’s fraud (“less than 10% can tell AI video from real”). You’ll learn practical controls—family code words, approval workflows—plus hands-on AI updates: Claude’s Excel plugin and desktop agent, Gusto payroll in ChatGPT, and a prompt that forces AI to ask clarifying questions and wait for “go.”Chapters(02:02) - Personal Fraud Story: A Cautionary Tale (03:35) - Elder Fraud and AI-Driven Scams (06:53) - AI's Impact on Fraud and Security (11:39) - AI Tools for Accountants (19:40) - Earmark: CPE for Listening to Podcasts (22:01) - AI's Threat to Entry-Level Jobs (27:11) - AI Agents in Payroll and HR (35:20) - The Future of AI in Blue Collar Jobs (38:18) - AI's Role in Government Efficiency (39:52) - Simplifying the Tax Code with AI (41:42) - Payroll Innovations and AI (49:18) - Intuit's Career Pipeline Program (51:24) - Xero's New Features and AI Integration (58:48) - Conclusion and Upcoming Topics  Show NotesAI fakery turbo-charging fraud, cyber attacks https://www.accountingtoday.com/news/ai-fakery-turbo-charging-fraud-cyber-attacksThe Turing Reel https://runwayml.com/research/theturingreelThe Adolescence of Technology https://www.darioamodei.com/essay/the-adolescence-of-technologyLong-term Fears Build As 60% of U.S. Workers Say AI Will Cut More Jobs Than It Adds In 2026 https://allwork.space/2026/01/long-term-fears-build-as-60-of-u-s-workers-say-ai-will-cut-more-jobs-than-it-adds-in-2026/ADP® Accelerates AI Leadership with Launch of New AI Agents Designed to Solve Workforce Challenges https://www.prnewswire.com/news-releases/adp-accelerates-ai-leadership-with-launch-of-new-ai-agents-designed-to-solve-workforce-challenges-302672772.htmlExclusive: Gusto launching payroll inside ChatGPT https://www.thisweekinfintech.com/exclusive-gusto-launching-payroll-inside-chatgpt/Trump DOT Plans to Use Google Gemini AI to Write Regulations https://www.propublica.org/article/trump-artificial-intelligence-google-gemini-transportation-regulationsIntuit Launches New Career Pipeline Program to Empower the Next Generation of Accountants in the AI Era https://investors.intuit.com/news-events/press-releases/detail/1296/intuit-launches-new-career-pipeline-program-to-empower-the-next-generation-of-accountants-in-the-ai-eraNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Are you accidentally breaking CPA rules across state lines? Guest Lindsay Patterson, CPA CIA breaks down the new mobility landscape after alternative licensure paths—and the surprising data firms must track to avoid fines, failed peer reviews, and redoing audits. Plus: Congress’s Fiscal State of the Nation bill, Deloitte’s PR storm, QuickBooks’ AI reconciliation, and what’s driving a rebound in accounting majors. Walk away knowing where to get licensed, what triggers penalties, and how to protect your firm.SponsorsTaxBandits - http://accountingpodcast.promo/taxbanditsEarmark - http://accountingpodcast.promo/earmarkOnPay - http://accountingpodcast.promo/onpayUNC - http://accountingpodcast.promo/uncChapters(00:00) - Introduction and CPA Email Incident (00:33) - AI in QuickBooks: A Game Changer? (06:00) - Live Stream Shoutouts and YouTube Promotion (06:54) - New Legislation: Fiscal State of the Nation Act (10:37) - CPA Mobility and Alternative Pathways (11:47) - Guest Segment: Lindsay Patterson on CPA Mobility (33:13) - Deloitte's Bad Week: Controversies and Criticisms (35:58) - CPA Firms in Trouble: The Zwick CPA Case (40:05) - Jerome Powell's Defiant Statement (44:29) - Why Accountants Leave Public Accounting (51:24) - Listener Emails and Final Thoughts (52:08) - The Future of Accounting Jobs (55:12) - Private Equity in CPA Firms  Meet Lindsay Patterson: LinkedIn: https://www.linkedin.com/in/lindsaypatterson/Show NotesAICPA Urges Congressional Support for Fiscal State of the Nation Act https://www.aicpa-cima.com/news/article/aicpa-urges-congressional-support-for-fiscal-state-of-the-nation-actBarr Reintroduces Bipartisan Fiscal State of the Nation Act to Strengthen Oversight of Government Spending https://barr.house.gov/press-releases?id=EDF451C5-EEAE-44D7-85A8-2B714E9D7822For CPAs, one license — and 55 rulebooks https://www.accountingtoday.com/opinion/for-cpas-one-license-and-55-rulebooksDeloitte's Disturbing Pattern Allegedly Cost Americans Health Coverage, Delayed Benefits, and the US Government $74Bhttps://www.ibtimes.co.uk/deloittes-disturbing-pattern-allegedly-cost-americans-health-coverage-delayed-benefits-us-1773010Deloitte to ramp up India operations with 50,000 new hires https://www.internationalaccountingbulletin.com/news/deloitte-hiring-india/PCAOB Sanctions Audit Firm, an Owner of That Firm, and a Former Audit Manager for Multiple Violations of PCAOB Rules and Standardshttps://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-sanctions-audit-firm--an-owner-of-that-firm--and-a-former-audit-manager-for-multiple-violations-of-pcaob-rules-and-standardsPCAOB bars Zwick CPA, owner and manager https://www.accountingtoday.com/news/pcaob-bars-zwick-cpa-owner-and-managerTurnover Experiences in Public Accounting and Alumni's Decisions to 'Give Back' https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4266300U.S. Accounting Undergraduate Enrollment Rises for Third Straight Year https://www.prnewswire.com/news-releases/us-accounting-undergraduate-enrollment-rises-for-third-straight-year-302665511.htmlAccounting undergrad enrollment rises for third year https://www.accountingtoday.com/news/accounting-undergrad-enrollment-rises-for-third-yearCapital One to Acquire Brex https://investor.capitalone.com/news-releases/news-release-details/capital-one-acquire-brexCapital One is buying startup Brex for $5.15 billion in credit card firm's latest deal https://www.cnbc.com/2026/01/22/capital-one-is-buying-startup-brex-for-5point15-billion-in-credit-card-firms-latest-deal.htmlFlorida Republican candidate suggests 'sin tax' for OnlyFans creators https://thehill.com/homenews/nexstar_media_wire/5691927-florida-governor-candidate-sin-tax/Florida gubernatorial candidate proposes 50% "sin" tax on OnlyFans creators; top earner Sophie Rain pushes backhttps://www.cbsnews.com/miami/news/florida-onlyfans-tax-proposal-james-fishback-sophie-rain/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: h...

Carla McCall shares insights on the challenges faced by the accounting profession, including workload, work-life balance, and the AICPA's role. She addresses misconceptions about the responsibilities of the AICPA, discusses her firm's approach to managing work hours and culture transformation, and highlights the need for creative solutions to attract new talent. The discussion also explores the systemic issue of overwork in large accounting firms and the potential measures that could alleviate these pressures.Meet Our Guest, Carla McCallhttps://www.linkedin.com/in/carlamccallaaf/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Are we causing our own busy-season chaos? Blake and David break down a simple scheduling system that spreads tax work, trains clients, and slashes extensions. They debate Congress’s barcode bill vs. e-filing, unpack a poll showing GOP support for a millionaire’s tax, and ask what AI really changes when managers still have to review the bots. Plus: IRS CI’s latest wins, whistleblower e-filing, and a Britney tax fight.SponsorsDigits - http://accountingpodcast.promo/digitsOnPay - http://accountingpodcast.promo/onpayTaxBandits - http://accountingpodcast.promo/taxbanditsUNC - http://accountingpodcast.promo/uncChapters(01:11) - AI and Survey Creation (02:30) - Google's Personal Intelligence (05:11) - IRS Defunding and Workforce Reduction (06:51) - CPA Trendlines Busy Season Barometer (11:12) - Barcode Efficiency Act (15:24) - IRS Criminal Investigations (17:24) - Payroll Headaches and OnPay (18:56) - SBA and IRS Employee Fraud (21:41) - IRS Whistleblower Office (23:08) - Britney Spears vs. IRS (24:04) - Washington State Millionaires Tax (27:01) - Busy Season Is Self-Inflicted (30:44) - Livestream and CPE Credits (31:24) - UNC Kenan-Flagler MAC Program (32:38) - A New Year's Eve Pink Eye Adventure (33:20) - AI Prescriptions in Utah (35:03) - Trust in Accountants at Historic Lows (39:13) - Listener Mail: Advisory Services and Online Degrees (45:30) - The CPA Exam: Challenges and Changes (01:03:17) - Closing Remarks and Earmark App Growth  Show NotesAre Washingtonians Finally Ready for a State Income Tax? https://www.dhmresearch.com/are-washingtonians-finally-ready-for-a-state-income-tax/ Guess Who Supports a Millionaires Tax in Washington State? Republicans, Poll Finds https://www.cpapracticeadvisor.com/2026/01/14/guess-who-supports-a-millionaires-tax-in-washington-state-republicans-poll-finds/176337/ Barometer: Firms Brace for a Tough Tax Season https://cpatrendlines.com/2025/10/01/barometer-firms-brace-for-a-tough-tax-season/ IRS Advisory Council blasts defunding of agency https://www.accountingtoday.com/news/irs-advisory-council-blasts-defunding-of-agency IRS Advisory Council report defends workers, criticizes budget and staff cuts https://www.thetaxadviser.com/news/2026/jan/irs-advisory-council-report-defends-workers-criticizes-budget-and-staff-cuts/ Internal Revenue Service Advisory Council PUBLIC REPORT January 2026 https://www.irs.gov/pub/irs-pdf/p5316.pdf Lengthy grudge motivated Brown mass shooting, MIT professor killing: Sources https://abcnews.go.com/US/lengthy-grudge-motivated-brown-mass-shooting-mit-professor/story?id=128961044 A Reddit post helped find MIT and Brown shooting suspect. Here's what we know https://www.npr.org/2025/12/19/nx-s1-5649528/brown-mit-shooter-what-we-know Former SBA and IRS Employee Charged with Using Government Positions to Steal Millions from COVID Relief Programshttps://www.justice.gov/usao-ndga/pr/former-sba-and-irs-employee-charged-using-government-positions-steal-millions-covid Hampton woman accused of using federal jobs to steal pandemic relief funds https://www.fox5atlanta.com/news/hampton-woman-accused-using-federal-jobs-steal-pandemic-relief-funds House advances bill to speed tax return processing via barcodes https://www.accountingtoday.com/news/house-advances-bill-to-speed-tax-return-processing-via-barcodes BARCODE Efficiency Act Brings Overdue Modernization to the IRS https://atr.org/barcode-efficiency-act-brings-overdue-modernization-to-the-irs/ Utah and Doctronic Announce Groundbreaking Partnership for AI Prescription Medication Renewalshttps://commerce.utah.gov/2026/01/06/news-release-utah-and-doctronic-announce-groundbreaking-partnership-for-ai-prescription-medication-renewals/ Utah allows nation's first AI drug prescriptionshttps://www.axios.com/local/salt-lake-city/2026/01/07/utah-ai-drug-prescriptions-doctronic Nurses Continue to Lead in Honesty and Ethics Ratings https://news.gallup.com/poll/700736/nurses-continue-lead-honesty-ethics-ratings.aspx Americans' Ratings of U.S. Professions Stay Historically Low https://news.gallup.com/poll/655106/americans-ratings-professions-stay-historically-low.aspx Britney Spears disputes $600K tax claimhttps://www.accountingtoday.com/news/britney-spears-disputes-600k-tax-claim Britney Spears Fighting With IRS Over $600,000https://www.tmz.com/2025/12/19/britney-spears-fighting-with-irs-taxes/ Right Now, Managing AI Agents is About as Much Work as Managing Humans. Just Different Work.https://www.saastr.com/right-now-managing-ai-agents-is-about-as-much-work-as-managing-humans/ The 'Godfather of SaaS' says he replaced most of his s...

Raids replaced audits, and guns replaced spreadsheets. Blake and David connect the dots from Minnesota's sprawling public-assistance fraud to a decade of IRS budget cuts and ICE crackdowns. You'll learn why enforcement shifted from prevention to raids, what California's one-time billionaire tax really proposes, how new AICPA rules could hit PE-backed firms, and why a botched audit didn't cost PwC its client, plus one pro tip to level up your Excel game.SponsorsOnPay - http://accountingpodcast.promo/onpayTaxBandits - http://accountingpodcast.promo/taxbanditsUNC - http://accountingpodcast.promo/uncChapters(00:00) - TAP 470 (00:33) - Minnesota Fraud Scandal Overview (03:18) - Historical Context and IRS Budget Cuts (08:34) - IRS and ICE Collaboration Issues (10:39) - Impact of Budget Cuts on Fraud (20:56) - Current Events and Political Reactions (26:17) - California Billionaire Tax Act (27:58) - Billionaire Tax Proposal Discussion (29:01) - Challenges of Implementing Wealth Tax (29:58) - Practical Concerns and Comparisons (34:24) - VRBO's Legal Battle with Michigan (36:46) - Private Equity and CPA Firms (47:17) - UNC Master of Accounting Program (51:11) - Excel World Championships Insights (55:27) - Earmark App for CPE Credits  Show NotesJudge hits pause on IRS sharing taxpayer information with ICE https://www.nbcnews.com/politics/immigration/judge-issues-order-blocking-irs-sharing-taxpayer-information-ice-rcna245262Federal Agents Pepper Spray Protesters During Tucson Taco Giro Raid https://www.themarshallproject.org/2025/12/05/tucson-ice-raid-protests-taco-giroPoll: Nearly Half of Americans Think Their Financial Security Is Worsening https://www.cpapracticeadvisor.com/2025/12/29/poll-nearly-half-of-americans-think-their-financial-security-is-worsening/175587/California Billionaire Tax Act (2026 Billionaire Tax Act - PDF) https://oag.ca.gov/system/files/initiatives/pdfs/25-0024A1%20(Billionaire%20Tax%20).pdfVrbo Parent Company Sues Michigan Over $18.8 Million Tax Bill https://www.cpapracticeadvisor.com/2026/01/02/vrbo-parent-company-sues-michigan-over-18-8-million-tax-bill/175675/AICPA Seeks Comment on Ethics Rules Update for Alternative Practice Structures https://www.aicpa-cima.com/news/article/aicpa-seeks-comment-on-ethics-rules-update-for-alternative-practiceWH Smith asks shareholders to support PwC despite audit error https://www.internationalaccountingbulleteen.com/news/wh-smith-support-pwc-audit-error/I won the Microsoft Excel World Championship. Here's what every office worker should know about Excel. https://www.yahoo.com/lifestyle/articles/won-microsoft-excel-world-championship-093001306.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Think AI will free you from ‘mundane bookkeeping’ so you can do advisory? Blake and David say it’s the opposite. Hear how owners already use AI as a de facto CFO, why drafting narratives—not matching bank feeds—is the real win, what the ‘AI premium’ means in a billable-hour world, and the two numbers firm owners should track in 2026: monthly recurring revenue and bottom-line profit.SponsorsUNC - http://accountingpodcast.promo/uncOnPay - http://accountingpodcast.promo/onpayTaxBandits - http://accountingpodcast.promo/taxbanditsChapters(01:35) - News Highlights and Sponsor Acknowledgements (03:56) - AI in Small Business Accounting (07:04) - AI's Impact on Accounting Tasks (10:01) - Thought Leader Survey on AI in Accounting (19:56) - AI Premium and Job Automation (25:27) - Survey Answers from Accounting Thought Leaders (25:54) - AI's Role in Strategy and Decision Making (28:24) - Impact of AI on Competitive Landscape (30:50) - AI's Effect on Costs in Accounting Firms (31:54) - AI Replacing Staff Accountants (33:24) - Personal Job Security and AI (41:05) - AI Influencers and Future Experiments (49:24) - Conclusion and CPE Information  Show NotesThese Small-Business Owners Are Putting AI to Good Use https://www.wsj.com/tech/ai/small-business-ai-chatgpt-prompts-0c9a95c4 AI Thought Leaders Survey 2026: Process Predictions https://www.accountingtoday.com/list/ai-thought-leaders-survey-2026-process-predictions Tech Spending Outpacing People Spending as Firms Adopt AI https://www.accountingtoday.com/list/tech-spending-outpacing-people-spending-as-firms-adopt-ai How Much is the 'AI Premium?' https://www.accountingtoday.com/list/how-much-is-the-ai-premium AI Can't Replace Accountants. When Could It? https://www.accountingtoday.com/list/ai-cant-replace-accountants-when-could-it Accounting in 2026: The Year Ahead in Numbers https://www.accountingtoday.com/list/accounting-in-2026-the-year-ahead-in-numbers AI Vending Machine Lost $1,000 to Social Engineering https://www.wsj.com/tech/ai/anthropic-ai-claude-vending-machine-c7baef6f Anthropic's Project Vend Phase 2 https://www.anthropic.com/research/project-vend-2 Trump Commutes Sentence of Private Equity CEO Convicted of Fraud https://www.cnn.com/2025/12/01/politics/david-gentile-trump-pardon Trump Commutes 7-Year Prison Sentence of Former Private Equity CEO David Gentile https://www.nbcnews.com/politics/white-house/trump-commutes-7-year-prison-sentence-former-private-equity-ceo-david-rcna246744 California's Controversial Wealth Tax Proposal Leaves Billionaires With Little Way Out https://www.cnbc.com/2026/01/08/california-wealth-tax-proposal-leaves-billionaires-with-little-way-out.html California Could Impose a Billionaire Tax. Here's How It Would Work https://www.cbsnews.com/news/california-billionaire-tax-ballot-initiative-how-it-works/ New Tax on the Wealth of Billionaires https://lao.ca.gov/BallotAnalysis/Initiative/2025-024Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

How does $95 million go missing at a bank—and still get a clean audit? Blake and David unpack the Evolve Bank/Synapse meltdown, what auditors missed, and how SOC reports fall short. Plus: the penny shortage pushing cash rounding at the register, the shocking stat that even 29% of partners don’t know partner pay, and the case for semiannual reporting. Walk away with practical takeaways for clients, staff, and your own firm.SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/casOnPay - http://accountingpodcast.promo/onpayChapters(00:44) - The Penny Shortage Crisis (03:52) - Evolve Bank's $95 Million Scandal (17:12) - Earmark CPE and Other Podcast Recommendations (22:00) - Partner Salaries and Compensation Transparency (28:27) - Data Breach at SAX Accounting Firm (33:28) - Semi-Annual Reporting Debate (36:25) - Debating Semi-Annual Reporting (37:38) - Quarterly Reporting Games (38:25) - LinkedIn Comment: The Case for Quarterly Reports (39:11) - The Value of Financial Statements (39:58) - Challenges in Modern Accounting (46:57) - 2026 Accounting Predictions (52:01) - AI's Impact on Bookkeeping (01:09:08) - Closing Thoughts and Farewell  Show NotesSquare Enables Penny Rounding https://squareup.com/us/en/press/penny-rounding CFPB Allocates $46 Million To Synapse/Evolve Victims In First-Ever Fintech Bailout https://fintechbusinessweekly.substack.com/p/cfpb-allocates-46-million-to-synapseevolve The 2025 Accounting Today Salary Survey https://www.accountingtoday.com/list/the-2025-accounting-today-salary-survey The Ultimate 2026 Accounting Salary Guide https://blog.workday.com/en-us/ultimate-2026-accounting-salary-guide.html Deloitte's CTO: companies are spending 93% on tech and only 7% on people and that has to change https://fortune.com/2025/12/15/deloitte-cto-bill-briggs-what-really-scares-ceos-about-ai-human-resources/ Accounting firm waited 18 months to announce breach https://cybernews.com/security/sax-data-breach-quarter-million-exposed/ Should Public Companies Move to Semi-Annual Reporting? https://www.cpajournal.com/2025/12/19/should-public-companies-move-to-semi-annual-reporting/ United States Mint Hosts Historic Ceremonial Strike for Final Production of the Circulating One-Cent Coin https://www.usmint.gov/news/press-releases/united-states-mint-hosts-historic-ceremonial-strike-for-final-production-of-the-circulating-one-cent-coinNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Is private equity turning firms into a 'dumpster fire'? Blake and David unpack Accounting Today's survey showing partners are upbeat while staff are sour on PE. They hit Andersen's $176M IPO, why Big Four ties to Big Tech raise independence questions, and how AI could finally kill the billable hour. Plus, what tax pros really charge in 2025 - and the wild 'Middle Finger Ranch' fraud.SponsorsOnPay - http://accountingpodcast.promo/onpay Cloud Accountant Staffing - http://accountingpodcast.promo/casChapters(00:56) - Private Equity in Accounting Firms (01:51) - Sponsor Message: OnPay Payroll Solutions (04:15) - Arthur Andersen's Legacy and IPO (07:45) - Private Equity Survey Results (21:04) - Big Four and Tech Giants (28:25) - Pricing Models for CAS Engagements (30:22) - Tax Preparers' Fees Breakdown (36:12) - Cloud Accountant Staffing (37:34) - Economic Growth and Consumer Spending (40:26) - Fraud Stories: Middle Finger Ranch and More (43:24) - PCAOB Budget Cuts and Enforcement Actions (52:29) - IRS Readiness for Tax Season (53:43) - Conclusion and Upcoming Topics  Show NotesPE in accounting firms: From 'dumpster fire' to excitementhttps://www.accountingtoday.com/news/pe-in-accounting-firms-from-dumpster-fire-to-excitement Andersen Group Shares Gain 47% After $176 Million US IPOhttps://www.bloomberg.com/news/articles/2025-12-17/andersen-group-shares-jump-34-after-176-million-us-ipo Andersen goes public, hits $2.6B valuationhttps://thefinancestory.com/andersen-group-ipo-2-6b-valuation The Big Four consulting firms are embedded in Big Tech. Here's who audits each of the Magnificent 7 companieshttps://www.businessinsider.com/big-four-accounting-audits-magnificent-seven-financial-records-2025-12 What do tax preparers charge? https://www.accountingtoday.com/news/what-do-tax-preparers-charge How much do tax professionals charge in 2025? Insights from NATP's Fee Studyhttps://www.natptax.com/news-insights/blog/how-much-do-tax-professionals-charge-in-2025-insights-from-natp-s-fee-study/ U.S. economic growth surges in third quarter to 4.3%https://www.washingtonpost.com/business/2025/12/23/gdp-economy-consumer-spending/ The US economy expanded at the fastest pace in two years as wealthier Americans kept spending https://www.cnn.com/2025/12/23/economy/us-gdp-q3 Kansas accountant diverted family funds to fictitious 'Middle Finger Ranch'https://kansasreflector.com/briefs/kansas-accountant-diverted-family-funds-to-fictitious-middle-finger-ranch/ Kansas Accountant, Who Created Fictitious 'Middle Finger Ranch' for Fraud Scheme, Sentenced to 4 Years in Jailhttps://www.cpapracticeadvisor.com/2025/12/04/kansas-accountant-who-created-fictitious-middle-finger-ranch-for-fraud-scheme-sentenced-to-4-years/174381/ PCAOB to tighten budget in 2026 https://www.accountingtoday.com/news/pcaob-to-tighten-budget-in-2026 PCAOB Approves 2026 Budget https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-approves-2026-budget Accounting Firms Must Stop Charging for Timehttps://cpatrendlines.com/2025/12/02/accounting-firms-must-stop-charging-for-time/ Dirty money gangster jailed over plot worth almost £12mhttps://www.dailyrecord.co.uk/news/scottish-news/dirty-money-gangster-jailed-over-36410033 PCAOB Sanctions CPA for Violations Related to Audit Evidence and Her Former Audit Firm for Quality Control Issueshttps://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-sanctions-cpa-for-violations-related-to-audit-evidence-and-her-former-audit-firm-for-quality-control-issues Ahead of Tax Filing Season, Warren, King, 15 Senators Warn of Tax Filing Chaos After Trump Admin Attacks on IRShttps://www.warren.senate.gov/newsroom/press-releases/ahead-of-tax-filing-season-warren-king-15-senators-warn-of-tax-filing-chaos-after-trump-admin-attacks-on-irsNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info?&n...

Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/casRelay - http://accountingpodcast.promo/relayOnPay - http://accountingpodcast.promo/onpayChapters(00:47) - Jeffrey Epstein's CPA and Lawyer (03:10) - Wall Street Journal Article on Epstein's Associates (05:58) - Discussion on Epstein's Financial Operations (14:25) - Trump's Executive Order on Cannabis Businesses (18:16) - Tax Implications for Gambling and Prediction Markets (20:47) - IRS Criminal Investigations Unit Record Year (25:13) - Lawyer Sues IRS to Recognize Dog as Dependent (28:09) - Trump's New US Tech Force (29:27) - Trump's Hiring Plans and Tech Startups (30:22) - Startup Fraud in Tax Accounting (34:23) - Intuit and Circle Partnership (36:38) - AI and Stablecoin Payments (44:16) - AI's Impact on Accounting Jobs (51:24) - AI-Powered Fraud in Finance (55:59) - Closing Remarks and Announcements  Show NotesThe CPA and the Lawyer Who Served Jeffrey Epstein—and Control His Fortune and Secrets https://www.wsj.com/articles/the-cpa-and-the-lawyer-who-served-jeffrey-epstein-and-control-his-fortune-and-secretsTaking a gamble on prediction market taxation https://www.accountingtoday.com/news/taking-a-gamble-on-prediction-market-taxationLawyer sues IRS to recognize pets as dependents https://www.accountingtoday.com/news/lawyer-sues-irs-to-recognize-pets-as-dependentsSEC Charges Shiloh Luckey https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26424The FBI is investigating a startup founder accused of using VC money to pay for her house and a Caribbean wedding https://techstartups.com/2025/12/16/the-fbi-is-investigating-a-startup-founder-accused-of-spending-5-5-million-in-vc-funding-on-a-house-and-caribbean-wedding/Intuit taps Circle's USDC to add stablecoin payments across TurboTax and QuickBooks https://www.theblock.co/post/383184/intuit-circle-usdc-stablecoin-payments-turbotax-quickbooksIntuit and Circle Partner to Unlock the Future of Money Movement with Stablecoins https://investors.intuit.com/news-events/press-releases/detail/1292/intuit-and-circle-partner-to-unlock-the-future-of-money-movement-with-stablecoinsAI Is Reshaping Accounting Jobs by Doing the "Boring" Stuff https://www.gsb.stanford.edu/insights/ai-reshaping-accounting-jobs-doing-boring-stuffHuman + AI in Accounting: Early Evidence from the Field https://www.gsb.stanford.edu/faculty-research/working-papers/human-ai-accounting-early-evidence-fieldIRS-CI issues fiscal year 2025 annual report showcasing banner investigative results https://www.irs.gov/newsroom/irs-ci-issues-fiscal-year-2025-annual-report-showcasing-banner-investigative-resultsIRS Criminal Investigation uncovers $10.6B in financial crimes https://www.accountingtoday.com/news/irs-criminal-investigation-uncovers-10-6b-in-financial-crimesDext warns businesses over losses from ChatGPT-style financial advice https://fintech.global/2025/12/18/dext-warns-businesses-over-losses-from-chatgpt-style-financial-advice/ChatGPT tax advice already costing UK firms, say accountants https://itbrief.co.uk/story/chatgpt-tax-advice-already-costing-uk-firms-say-accountantsTrump admin to hire 1,000 specialists for 'Tech Force' to build AI, finance projects https://www.cnbc.com/2025/12/15/trump-ai-tech-force-amazon-apple.htmlOPM Launches US Tech Force to Implement President Trump's Vision for Technology Leadershiphttps://www.opm.gov/news/news-releases/opm-launches-us-tech-force-to-implement-president-trumps-vision-for-technology-leadership/Double Raises $6.5 Million Series A from Album Ventures, Jack Altman, and Y Combinator to Double Accountants' Productivity https://www.businesswire.com/news/home/20251210027851/en/Double-Raises-$6.5-Million-Series-A-from-Album-Ventures-Jack-Altman-and-Y-Combinator-to-Double-Accountants-ProductivityZoho announces enterprise billing, spend management products https://www.accountingtoday.com/news/zoho-announces-enterprise-billing-spend-management-productsZoho Announces Zoho Spend and Zoho Billing Enterprise Edition https://www.businesswire.com/news/home/20251218170986/en/Zoho-Announces-Zoho-Spend-and-Zoho-Billing-Enterprise-Edition-Offering-Large-Businesses-Greater-Control-and-Flexibility-Over-Billing-Operations-and-Company-Spend-as-They-ScaleAI giving scammers new tricks, enhancing old ones https://www.accountingtoday.com/news/ai-giving-scammers-new-tricks-enhancing-old-onesFrom secure to spooked: White-collar workers face rising job fears https://www.businessreport.com/article/from-secure-to-spooked-white-collar-workers-face-rising-job-fears

Will IRS agents have to watch OnlyFans to police the new “no tax on tips” deduction? Blake and David unpack the wild twist: a study showing that women-led audit teams deliver higher-quality work at lower fees, and why AI could finally kill the billable hour. They hit PCAOB’s AI/PE crackdown, KPMG’s AI exam cheating, AI‑written financial reports, Meta’s off‑balance‑sheet data center, the IRS Math Act, and new child investment accounts. Walk away with policy context and practical tech takeaways.SponsorsOnPay - http://accountingpodcast.promo/onpayACFE - http://accountingpodcast.promo/acfe Cloud Accountant Staffing - http://accountingpodcast.promo/casChapters(01:15) - New Tax Deduction for Digital Content Creators (02:27) - IRS Agents and OnlyFans Content (04:39) - IRS Telework Policy Changes (06:15) - Earmark CPE and Listener Interaction (09:25) - President's Statement on Federal Income Tax (13:15) - IRS Math Act and Senator Justice's Tax Issues (16:03) - Trump Accounts and PCAOB Scrutiny on AI (24:20) - Audit Quality and Gender Diversity (28:30) - KPMG AI Cheating Scandal (30:51) - AI's Impact on Time Savings in Various Industries (32:56) - The Role of AI in Accounting and Its Limitations (34:26) - AI in Financial Reporting and Business Processes (36:44) - The Decline of the Billable Hour Due to AI (47:01) - Meta's Controversial Accounting Practices (50:56) - Pilot's New Partner Program for Accountants (58:58) - Conclusion and Final Thoughts  Show NotesComing soon!Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Are accountants no longer “professionals”? We unpack the DOE proposal that could slash grad loan limits—and what AICPA/NASBA plans to do about it. Plus: Deloitte’s AI-made citations, EY’s audit turnaround, PwC’s end‑to‑end AI audit ambitions, and OpenAI’s circular investment into accounting rollups. We also cover Xero’s new auto‑reconcile, Intuit’s small‑biz data ad play, and two practical wins: Google’s shared inboxes and unexpected networking tactics for landing that first job.SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/casACFE - http://accountingpodcast.promo/acfeOnPay - http://accountingpodcast.promo/onpayChapters(00:00) - Introduction and Podcast Overview (00:44) - Headline: Accountants No Longer Professionals? (02:18) - Department of Education's Proposal and Reactions (03:50) - Implications for Accounting Students and Professionals (09:28) - Deloitte's AI Work Swap Controversy (12:46) - EY's Audit Quality Improvements (20:56) - Economic Update: Tariffs and Job Market (34:02) - Circular AI Investments: A Closer Look (36:31) - AI Tools for Accountants: New Features (39:32) - Xero's New Pricing and AI Policies (49:13) - PWC's AI-Driven Audit Automation (52:39) - Google Workspace Shared Inboxes (55:49) - Dissolution of the Department of Government Efficiency (56:47) - Career Networking Tips for Accountants (01:01:16) - Outsourcing Talent: A Global Perspective  Show NotesDepartment of Education Accounting Professional Degree Classificationhttps://www.newsweek.com/full-list-degrees-professional-trump-administration-11085695 Accountants Inexplicably Deemed "Not Professional" Under OBBBA Student Loan Rules https://www.goingconcern.com/accountants-inexplicably-deemed-not-professional-under-obba-student-loan-rules/ Department of Education Unclassifies Accounting as a Professional Degree https://www.cpapracticeadvisor.com/2025/11/24/department-of-education-unclassifies-accounting-as-a-professional-degree/173875/ Deloitte allegedly cited AI-generated research in a million-dollar report for a Canadian provincial government https://fortune.com/2025/11/25/deloitte-caught-fabricated-ai-generated-research-million-dollar-report-canada-government/ Major N.L. healthcare report contains errors likely generated by A.I. https://theindependent.ca/news/lji/major-n-l-healthcare-report-contains-errors-likely-generated-by-a-i/ N.L. asks Deloitte to carry out review after 'incorrect' citations found in $1.6M provincial health planhttps://www.cbc.ca/news/canada/newfoundland-labrador/nl-deloitte-citations-9.6990216 OpenAI's investment into Thrive Holdings is its latest circular deal https://techcrunch.com/2025/12/01/openais-investment-into-thrive-holdings-is-its-latest-circular-deal/ Thrive-backed accounting firm Crete to spend $500 million in AI roll-up https://finance.yahoo.com/news/thrive-backed-accounting-firm-crete-130200467.html Crete PA plans $500 million spend to buy and upgrade accounting firms with AI https://www.accountingtoday.com/news/crete-pa-plans-500-million-spend-to-buy-and-upgrade-firms-with-ai OpenAI takes an ownership stake in Thrive Holdings to accelerate enterprise AI adoption https://openai.com/index/thrive-holdings/ Trump Tariffs: The Economic Impact of the Trump Trade War https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/ IEEPA Tariffs Are Down from April Threatshttps://taxfoundation.org/blog/ieepa-tariffs-rates-down-april-threats/Intuit SMB MediaLabs Audiences Now Available on The Trade Desk Platform https://investors.intuit.com/news-events/press-releases/detail/1288/intuit-smb-medialabs-audiences-now-available-on-the-trade-desk-platform-connecting-advertisers-with-small-and-mid-market-businesses Intuit SMB MediaLabs | Advertising Networkhttps://medialabs.intuit.com/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/AppleP...

Do money talks make your family squirm more than politics? In this Thanksgiving mailbag, Blake and David dig into a Bankrate survey on taboo money chats, the grim 2026 grad job market, and the maze of CPA experience sign-offs after NASBA’s program vanished. You’ll hear practical career advice (big firm vs. small, starting bookkeeping), what AI can and can’t do for accountants today, plus news on audit partners’ outlook and tariff shifts hitting grocery bills.SponsorsOnPay - http://accountingpodcast.promo/onpay Cloud Accountant Staffing - http://accountingpodcast.promo/casChapters(01:14) - Listener Mailbag: Top Messages of the Year (02:05) - Thanksgiving Dinner Conversations: Money vs. Politics (06:11) - Listener Questions: CPA Licensing Challenges (12:07) - NASBA Data Issues and CPA Exam Pass Rates (13:24) - Economic Optimism Among Audit Partners (17:22) - Political News: Tariff Rollbacks (19:03) - Career Advice for Accounting Students (26:47) - AI's Impact on Accounting Careers (27:34) - AI's Current Capabilities and Limitations (31:10) - Future of AI in Accounting (34:49) - Challenges in Accounting Education (40:51) - Listener Mail and Feedback (46:23) - Accounting News and Stories  Show NotesCompanies Predict 2026 Will Be the Worst College Grad Job Market in Five Years https://www.wsj.com/lifestyle/careers/2026-graduates-job-market-7928bcd7 Survey: Americans would rather discuss politics or religion than what's in their bank accounts https://www.bankrate.com/banking/financial-taboos-survey/ Audit partners feel more optimistic about economy https://www.accountingtoday.com/news/audit-partners-feel-more-optimistic-about-economy Trump lowers tariffs on coffee, beef and fruits, as Americans' concerns about affordability grow https://www.cnn.com/2025/11/14/economy/lower-tariffs-coffee-beef-bananas-produce Georgia Accountant Arrested After Allegedly Tearing Down Trump Sign, Shooting at North Carolina Man's Househttps://www.cpapracticeadvisor.com/2025/10/24/georgia-accountant-arrested-after-allegedly-tearing-down-trump-sign-shooting-at-north-carolina-mans-house/171649/ Measuring AI Ability to Complete Long Tasks https://metr.org/blog/2025-03-19-measuring-ai-ability-to-complete-long-tasks/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCollective by DBA - https://collective.cpa/ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake breaks down how AI can help with cost segregation and explains why AI currently works best on tasks that take humans 2-5 minutes. Michael Burry is betting against AI companies, claiming they're manipulating earnings by stretching server depreciation from 3-4 years to 5-6 years, adding billions to their bottom lines. Also covered: Intuit's $100 million annual OpenAI deal to integrate QuickBooks and TurboTax into ChatGPT, new bank evidence in the Rippling corporate espionage case, and a survey showing 10% of adults are acting on AI tax advice despite error rates up to 50%.SponsorsOnPay - http://accountingpodcast.promo/onpayRelay - http://accountingpodcast.promo/relayCloud Accountant Staffing - http://accountingpodcast.promo/casChapters(00:00) - Welcome to The Accounting Podcast (00:49) - Blake's Illness and Recovery (02:05) - Upcoming Topics (04:06) - Cost Segregation Explained (06:46) - AI in Cost Segregation (11:15) - AI's Current Capabilities and Limitations (19:10) - Intuit's OpenAI Deal (22:01) - Intuit's Strategy and Industry Implications (30:12) - Michael Burry's New Bet Against AI (31:21) - Depreciation and AI Companies (39:15) - Rippling vs. Deel: Corporate Espionage (42:44) - New Jersey's Alternative Pathways Bill (44:39) - AI's Role in Tax and Investing Advice (47:37) - Defining Audit Quality: PCOB's New Initiative (51:56) - FASB's Costly Lease Standard (56:13) - Ancient Accounting Systems in Peru (58:45) - Conclusion and Viewer Interaction  Show NotesAI Is Now a First Stop for Tax and Investing Questions - CPAs Need a Playbook Fasthttps://www.cpapracticeadvisor.com/2025/10/29/ai-is-now-a-first-stop-for-tax-and-investing-questions-cpas-need-a-playbook-fast/171939/ 19% lost $100 or more on bad AI financial advicehttps://www.accountingtoday.com/news/19-lost-100-or-more-on-bad-ai-financial-advice Intuit to pay OpenAI over $100 million for model access, ChatGPT integrates with TurboTaxhttps://www.cnbc.com/2025/11/18/intuit-pays-openai-100-million-turbotax-integrates-chatgpt.html Intuit Strikes $100M Deal to Bring TurboTax and QuickBooks Into ChatGPThttps://www.eweek.com/news/intuit-100m-chatgpt-deal/ Intuit signs $100M+ deal with OpenAI to bring its apps to ChatGPThttps://techcrunch.com/2025/11/18/intuit-signs-100m-deal-with-openai-to-bring-its-apps-to-chatgpt/ Intuit and OpenAI join forces on new AI-powered experienceshttps://openai.com/index/intuit-partnership/ 'Big Short' investor Michael Burry accuses AI hyperscalers of artificially boosting earningshttps://www.cnbc.com/2025/11/11/big-short-investor-michael-burry-accuses-ai-hyperscalers-of-artificially-boosting-earnings.html Michael Burry Hits Back At Critics: Accuses AI Companies Of 'Suspicious Revenue Recognition' And Depreciation Gimmicks: 'Fraud, Not A Flywheel'https://www.benzinga.com/markets/hedge-funds/25/11/48967194/michael-burry-hits-back-at-critics-accuses-ai-companies-of-suspicious-revenue-recognition-and-depreciation-gimmicks-fraud-not-a-flywheel Fireside chat with PCAOB acting chair George Botichttps://www.accountingtoday.com/opinion/fireside-chat-with-pcaob-acting-chair-george-botic New Banking Records Prove Deel Paid Thief Who Stole Trade Secrets from Rippling https://www.rippling.com/blog/new-banking-records-prove-deel-paid-thief-who-stole-trade-secrets-from-rippling Newly unsealed documents tie Deel to payments for alleged Rippling spy, while Deel points to witness incentiveshttps://www.calcalistech.com/ctechnews/article/h1ysgtng11l FASB Says Certain Costs of Leases Standard Were Significantly Higher Than Expectedhttps://www.cpapracticeadvisor.com/2025/11/20/fasb-says-certain-costs-of-lease-accounting-standard-were-significantly-higher-than-expected/173680/ FASB finds leases standard was costlier than expectedhttps://www.accountingtoday.com/news/fasb-finds-leases-standard-was-costlier-than-expected NJ's once-stalled CPA licensing bill advances after 'surprise' votehttps://www.cfodive.com/news/njs-once-stalled-cpa-licensing-bill-advances-surprise-vote-accounting/805589/ Indigenous accounting and exchange at Monte Sierpe ('Band of Holes') in the Pisco Valley, Peruhttps://www.cambridge.org/core/journals/antiquity/article/indigenous-accounting-and-exchange-at-monte-sierpe-band-of-holes-in-the-pisco-valley-peru/41D83389D230D99CFF18194CF274A9A3 Peru's ancient 'band of holes' mystery may be solvedhttps://edition.cnn.com/2025/11/21/science/peru-band-of-holes-mysteryNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on

Earmark Media Presents a bonus episode of Earmark Podcast:Live from Boston on the final stop of the Advisory Amplified tour, Blake sits down with James Erving from Fathom and Chris Macksey from Prix Fixe Accounting to explore what advisory services really mean beyond bookkeeping and compliance. Chris shares how his firm requires advisory for all restaurant clients, using industry expertise and operational metrics to guide decisions on everything from menu pricing to expansion timing. The conversation covers the difference between delivering information versus being integral to decision-making, with insights on forecasting, benchmarking, and why visual KPIs help clients with low financial literacy understand their business performance.Meet Our GuestsJames ErvingLinkedIn: https://www.linkedin.com/in/jameserving/Learn more about FathomOfficial website: http://fathomhq.comChris MackseyLinkedIn: https://www.linkedin.com/in/cmacksey/Learn more about Prix Fixe AccountingOfficial website: https://prixfixe.accountants/Need CPE?Get CPE for this episode: https://earmark.app/c/2912Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Earmark Media Presents a bonus episode of Earmark Podcast:On the fifth stop of the Advisory Amplified tour in Atlanta, Blake sits down with Lisa Gilreath of Acuity and Valerie Heckman of OnPay to discuss what empathetic leadership actually looks like in an industry notorious for long hours and tight deadlines. The conversation covers everything from recognizing when team members are struggling to handling toxic high performers, with real talk about building slack into capacity planning and why unused PTO is a red flag. Lisa and Valerie share concrete steps for creating a culture where people feel supported enough to lean in when it matters most.Meet Our GuestsValerie HeckmanLinkedIn: https://www.linkedin.com/in/valerieheckman/Learn more about OnPayOfficial website: https://onpay.comLisa GilreathLinkedIn: https://www.linkedin.com/in/lisa-gilreath-2ba506a/Learn more about SorrenOfficial website: https://sorren.com/Need CPE?Get CPE for this episode: https://earmark.app/c/2909Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Earmark Media Presents a bonus episode of Earmark Podcast:Live from Austin on the Advisory Amplified tour, Blake sits down with Madeline Reeves of Fearless Foundry and Wesley McDonald of Relay to explore what it truly means to be a renegade in accounting: firms that lead clients to somewhere new rather than settle for "the way things have always been done." The conversation explores why top firms aren't afraid to say no to the wrong clients, how transparency in compensation and career pathways can address the talent crisis, and the hard-won lessons learned about building cultures of collaboration over competition.Meet Our GuestsMadeline ReevesLinkedIn: https://www.linkedin.com/in/madelinefearless/Learn more about Fearless FoundryOfficial website: http://www.fearlessfoundry.comWesley McDonaldLinkedIn: https://www.linkedin.com/in/wmcdonald48/?originalSubdomain=caLearn more about RelayOfficial website: https://relayfi.comNeed CPE?Get CPE for this episode: https://earmark.app/c/2880Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Earmark Media Presents a bonus episode of Earmark Podcast:Blake sits down with Mary Delaney, CEO of Karbon, and Kenji Kuramoto, co-founder of Acuity, to explore how standardizing workflows can unlock growth without sacrificing the artistry of advisory work. They discuss Karbon's acquisition of Aider, the power of time studies to identify automation opportunities, and why getting senior advisors to embrace process requires framing workflow as empowerment rather than micromanagement. Kenji shares lessons from building Acuity's advisory practice and why workflow due diligence became critical during their 14-firm merger with Sorren.Meet Our GuestsMary DelaneyLinkedIn: https://www.linkedin.com/in/marywdelaney/Learn more about KarbonOfficial website: http://karbonhq.comKenji KuramotoLinkedIn: https://www.linkedin.com/in/kenjikuramoto/Learn more about AcuityOfficial website: https://acuity.coNeed CPE?Get CPE for this episode: https://earmark.app/c/2877Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Is private equity eroding the soul of the accounting profession? Blake and David unpack NASBA’s PE task force, the BDO–First Brands meltdown, and why ‘appearance of independence’ matters. They also break down the end of IRS Direct File, Intuit’s TurboTax stores, the Supreme Court’s skepticism of Trump tariffs, and a new IRS notices law. Plus: AI agents that fall for scams. Learn what these shifts mean for firms, auditors, and your clients this tax season.SponsorsRelay - http://accountingpodcast.promo/relayBILL - http://accountingpodcast.promo/bill Cloud Accountant Staffing - http://accountingpodcast.promo/casChapters(00:00) - Welcome to The Accounting Podcast (01:16) - Viral Tweet and Personal Anecdotes (01:53) - Interview with Furloughed IRS Lawyer (05:45) - Government Shutdown Economic Impact (10:11) - Intuit's New Retail Stores and IRS Direct File Shutdown (14:30) - IRS Leadership and Controversies (17:28) - Trump's Pardons and IRS Math and Taxpayer Help Act (24:53) - Supreme Court Hearing on Tariffs (31:17) - Major Authority and the Power of the Purse (32:03) - AI Agents Falling for Scams (35:32) - NASBA's Private Equity Task Force White Paper (37:02) - Concerns Over Auditor Independence (49:10) - BDO and First Brands Scandal (01:02:35) - Wrap up and Final Thoughts  Show NotesLongest Shutdown in History Costs U.S. Economy About $15 Billion Each Week https://www.cpapracticeadvisor.com/2025/11/05/longest-shutdown-in-history-costs-u-s-economy-about-15-billion-each-week/172368/IRS tells states Direct File 'will not be available' in 2026 https://federalnewsnetwork.com/it-modernization/2025/11/irs-direct-file-will-not-be-available-in-2026-agency-tells-states/Intuit to open 20 brick-and-mortar TurboTax stores+officeshttps://www.accountingtoday.com/news/intuit-to-open-20-brick-and-mortar-turbotax-stores-officesSocial Security, IRS Leader Bisignano Panned After Fiserv Stock Tanks https://401kspecialistmag.com/social-security-irs-leader-bisignano-panned-after-fiserv-stock-tanks/Trump Tariffs Face Supreme Court Challenge From Chicago Toymaker https://www.bloomberg.com/news/features/2025-11-02/trump-tariffs-face-supreme-court-challenge-from-chicago-toymakerSupreme Court justices appear skeptical that Trump tariffs are legal https://www.cnbc.com/2025/11/05/supreme-court-trump-trade-tarrifs-vos.htmlAICPA Applauds the Passage of the IRS Math and Taxpayer Help Act https://www.aicpa-cima.com/news/article/aicpa-applauds-the-passage-of-the-irs-math-and-taxpayer-help-actFirst Brands founder accused of looting company https://fortune.com/2025/11/05/first-brands-bankruptcy-founder-allegations-patrick-james/Are Alternative Practice Structures in Private Equity Considerations and Questions for Boards of Accountancy (NASBA White Paper) https://nasba.orgMicrosoft Gave AI Agents Fake Money to Buy Things Online. They Spent It All on Scams https://decrypt.co/347709/microsoft-ai-agents-fake-money-buy-online-they-spent-scamsNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCollective by DBA - https://collective.cpa/ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Earmark Media Presents a bonus episode of Earmark Podcast:Most accounting firms are dramatically underpricing their services, but the fear of losing clients keeps them stuck. Marie Greene and Ryan Embry join Blake for a live conversation in LA about spotting underpricing, having the repricing conversation, and why your worst clients are often the most price-insensitive. Plus, a live role-play demonstration of how to navigate a difficult pricing conversation.Meet Our GuestsRyan EmbreeLinkedIn: https://www.linkedin.com/in/ryan-embree-9463b286/Learn more about Ignitionhttp://ignitionapp.comMarie Greene, CPALinkedIn: https://www.linkedin.com/in/mariegreene/Learn more about Connected Accountinghttp://connectedaccounting.coNeed CPE?Get CPE for this episode: https://earmark.app/c/2866Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Alicia Katz Pollock joins the show fresh from Intuit Connect with detailed notes on everything announced for QuickBooks Online and the accounting profession. The discussion covers Intuit's consolidation strategy to reduce reliance on third-party apps, the new tiered pricing structure for the Intuit Accountant Suite launching in 2026, and how AI agents are currently performing in bank feeds and transaction categorization. They also examine QuickBooks' move into CRM and marketing tools, the role of QuickBooks Live in Intuit's strategy, and what alternatives small businesses and accountants might consider.SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/cas Rippling - http://accountingpodcast.promo/ripplingBILL - http://accountingpodcast.promo/billChapters(00:00) - Introduction and Guest Welcome (00:56) - Intuit Connect Conference Overview (01:32) - Changes in QuickBooks and Intuit's Strategy (02:03) - AI Integration in QuickBooks (05:26) - The New Customer Hub and MailChimp Integration (06:54) - Concerns About AI and QuickBooks Ecosystem (12:10) - ProAdvisors' Role in the AI Era (19:44) - Addressing Reporting and Automation Issues (27:43) - The Future of QuickBooks Online Accountant (28:21) - New Features and Paid Tiers (29:24) - Intuit Accountant Suite Overview (30:40) - Core and Accelerate Versions (30:54) - Client Management and Dashboards (33:22) - Practice Management Tools (34:01) - Intuit's Market Strategy (38:04) - ProAdvisor and QuickBooks Live (40:31) - Quicken's Comeback (43:34) - AI and Automation in Accounting (53:52) - Intuit's Future Plans and Innovations (56:44) - Conclusion and CPE Information  Listen and Subscirbe to The Unofficial QuickBooks Accountants Podcast!https://uqb.show/subscribeConnect with Alicia Katz Pollock!https://www.linkedin.com/in/aliciakatzpollock/https://royalwise.com/ Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCollective by DBA - https://collective.cpa/ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Earmark Media Presents a bonus episode of Earmark Podcast: Recorded live in Seattle at the first stop of the Advisory Amplified tour, Blake sits down with Madeline Reeves (Fearless Foundry) and Lynette O'Connell (Burnout Bestie) to discuss the hard truths about burnout in accounting. Madeline shares how losing half her agency's revenue in 30 days forced her to stop trying to be likable and start building the business she actually wanted, while Lynette explains why nobody was coming to save her after scheduling overnight work shifts to keep up. They break down the three categories of burnout symptoms most accountants miss, why this profession attracts people whose love language is acts of service, and how to stop being the glue holding everything together.Connect with the Guests:Madeline ReevesLinkedIn: https://www.linkedin.com/in/madelinefearless/Learn more about Fearless FoundryOfficial website: http://www.fearlessfoundry.comLynette Oss ConnellLinkedIn: https://www.linkedin.com/in/lynnette-oss-connell-cpa/Learn more about Burnout BestieOfficial website: https://www.burnoutbestie.com/Need CPE?Get CPE for this episode: https://earmark.app/c/2858Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David cover BDO's legal threat against Going Concern over independence questions, Crowe hiring an investment bank to explore private equity options, and Trump pardoning Binance founder after the crypto venture made his family richer than their entire property portfolio. Plus, tariffs create a paperwork nightmare for small businesses, accounting ranked 90th out of 100 best jobs, a film production accountant who embezzled $2 million for Vegas stays and sugar daddy payments, and the Supreme Court hearing arguments on whether Trump's tariffs amount to an illegal $3 trillion tax.SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/cas Rippling - http://accountingpodcast.promo/ripplingChapters(00:00) - Welcome to the Accounting Podcast Live from Intuit Connect (01:16) - Top Story: BDO vs. Going Concern (05:02) - The Fraud Triangle and Independence in Accounting (08:21) - BDO's Response to Allegations (18:02) - Accountants Rank 90th Best Job in the US (19:38) - Stablecoins and Treasury Management (20:28) - Trump Pardons Binance Founder (24:29) - Positive Hiring Outlook in Accounting (25:41) - Impact of Trump's Tariffs (28:44) - Challenges for Small Businesses Due to Tariffs (32:46) - Workplace Friendships and Pay Cuts (34:35) - App News: Keeper Rebrands to Double (37:53) - AI Adoption in Accounting (45:25) - Fraud in Film Production Accounting (48:15) - Private Equity in Accounting Firms (50:49) - Conclusion and Upcoming Events  Show NotesA Message from CEO Wayne Berson to BDO USA Professionals https://www.bdo.com/insights/press-releases/a-message-from-ceo-wayne-berson-to-bdo-usa-professionalsAuditor BDO Cuts Jobs With Focus on Managing Apollo Debt https://www.bloomberg.com/news/articles/2025-10-11/auditor-bdo-cuts-jobs-with-focus-on-managing-apollo-debtAccountants Hold the 90th Best Job in U.S. News & World Report's 2025 Rankinghttps://www.cpapracticeadvisor.com/2025/10/27/accountants-hold-the-90th-best-job-in-u-s-news-world-reports-2025-ranking/171733/Accountant - Career Rankings, Salary, Reviews and Advice https://money.usnews.com/careers/best-jobs/accountantTrump pardons Binance founder Changpeng Zhao, aka "CZ" https://www.cnbc.com/2025/10/23/trump-pardons-binance-founder-cz-zhao.htmlThe Accounting Firm Weighing Private-Equity Ownership After Years of Ignoring Calls https://www.wsj.com/articles/the-accounting-firm-weighing-private-equity-ownership-after-years-of-ignoring-calls-8b7377fcCrowe Ponders PE Investment Amid Middle Market Firm Shake-Up https://news.bloombergtax.com/financial-accounting/crowe-ponders-pe-investment-amid-middle-market-firm-shake-upThe Disproportionate Effects of Declining Interest Within Different Accounting Fields: An Uneven Pipeline (CPA Journal)https://www.cpajournal.com/2025/10/22/the-disproportionate-effects-of-declining-interest-within-different-accounting-fieldsMovie Accountant Charged with Embezzling Nearly $2M From Indie Films https://www.cpapracticeadvisor.com/2025/08/12/movie-accountant-charged-with-embezzling-nearly-2m-from-indie-films/167240/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCollective by DBA - https://collective.cpa/ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

What if a “stable” coin wasn’t? Blake and David unpack Paxos’s accidental minting of $300 trillion in PayPal USD—and what it reveals about stablecoin “pegs.” They also dig into proposals to weaponize IRS Criminal Investigations, NASBA’s flawed CPA exam data, and small-business headaches from forced AI rollouts in QuickBooks. Plus: Ripple’s treasury move, whether AI can run a $1M solo firm, and smart guardrails for using AI without breaking your books.SponsorsOnPay - http://accountingpodcast.promo/onpayRelay - http://accountingpodcast.promo/relayBill.com - http://accountingpodcast.promo/billCloud Accountant Staffing - http://accountingpodcast.promo/casChapters(01:12) - Celebrating Spreadsheet Day (04:40) - Remote Work and Flexibility in Accounting (05:50) - Live Stream Interaction (06:16) - Political Discussion: IRS Overhaul (18:12) - NASBA Data Issues (24:51) - AI in Accounting: QuickBooks and Docket (41:28) - Upcoming Events and Conferences (42:38) - Navigating Conferences: Tips and Challenges (43:16) - The Future of Earmark: Audio Books and Discounts (46:21) - Chicago Teachers Union Audit Controversy (48:52) - Stablecoins and Cryptocurrency Concerns (56:09) - AI and the Future of Accounting (57:32) - The Talent Shortage in Accounting (01:03:30) - The CPA Exam and the Future of the Profession (01:16:48) - Government Shutdown and Its Impact (01:18:48) - Closing Remarks and Listener Engagement  Show NotesTrump Administration Plans IRS Overhaul to Target Left-Leaning Groups (Wall Street Journal) https://www.foxbusiness.com/politics/trump-admin-plans-irs-overhaul-probe-left-leaning-groups-more-easily-wsj-reportsNew CPA Success Index is DOA: NASBA's data behind the index no longer holds up https://www.accountingtoday.com/opinion/cpa-success-index-is-doa-nasbas-data-behind-the-index-no-longer-holds-upDocyt Launches Mission to Create the 'Million Dollar Accountant' https://www.cpapracticeadvisor.com/2025/10/15/docyt-launches-mission-to-create-the-million-dollar-accountant/170851/Ripple Acquires GTreasury for $1 Billion https://www.gtreasury.com/news/ripple-acquires-gtreasuryPaxos Accidentally Mints $300 Trillion 'Excess' PayPal Stablecoin https://www.pymnts.com/cryptocurrency/2025/paxos-accidentally-mints-300-trillion-excess-paypal-stablecoin/Dozens of Arkansas cities still without state funds over missing audits https://www.ktlo.com/2025/10/13/dozens-of-arkansas-cities-still-without-state-funds-over-missing-auditsChicago Teachers Union members sue union bosses over missing financial reports https://www.illinoispolicy.org/chicago-teachers-union-members-sue-union-bosses-over-missing-financial-reports/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCollective by DBA - https://collective.cpa/ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Could an AI catch what auditors and a CFO missed? This week, Blake and David unpack how a founder used Claude to scan QuickBooks and uncover a $2.1M embezzlement in 18 minutes. They also tackle Deloitte’s AI ‘workslop’ refund, shutdown-driven IRS and air travel woes, the IRS’s new “CEO” and crypto ties, OpenAI’s personal finance play, EY’s audit rebound, BDO’s ESOP squeeze, and crypto funds courting CPA clients.SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/cas Rippling - http://accountingpodcast.promo/ripplingAssembly - http://accountingpodcast.promo/assemblyChapters(01:35) - Deloitte's AI Report Scandal (09:05) - Government Shutdown Impact on IRS and Air Travel (23:56) - AI in Accounting: Risks and Opportunities (34:49) - Competing with the Status Quo (35:38) - Pricing Bookkeeping Services (36:31) - Standardizing Services Based on Price (37:14) - Client Needs vs. Service Offerings (38:00) - The Monthly Close Obsession (40:01) - Broken Charts in Financial Reports (43:15) - Cracker Barrel Logo Controversy (47:08) - EY's Audit Quality Turnaround (49:53) - Crypto Investment Schemes (55:48) - BDO's Financial Struggles (01:00:34) - Conclusion and Announcements  Show NotesDeloitte to partially refund Australia for report with apparent AI-generated errors https://abcnews.go.com/Technology/wireStory/deloitte-partially-refund-australian-government-report-apparent-ai-126281611Claude Exposed My Co-Founder's $2M Theft — AI Evidence Turned Into Lawsuit https://techbullion.com/claude-exposed-my-co-founders-2m-theft-ai-evidence-turned-into-lawsuit/New Research: 20% of Americans use AI tools 10X+/month, but growth is slowing and traditional search hasn't dippedhttps://sparktoro.com/blog/new-research-20-of-americans-use-ai-tools-10x-month-but-growth-is-slowing-and-traditional-search-hasnt-dipped/The Danger of Bad Charts https://www.cpajournal.com/2025/10/10/the-danger-of-bad-charts-2/Cracker Barrel's logo controversy was driven by bots https://www.nrn.com/casual-dining/cracker-barrel-s-logo-controversy-was-driven-by-bots-what-operators-should-learn-from-thisOur commitment to audit quality — Ernst & Young LLP's 2025 report https://www.ey.com/en_us/assurance/audit-quality-reportEY drops clients to improve audits after leading Big Four in deficiencies https://www.cfobrew.com/stories/2024/08/27/ey-drops-clients-to-improve-audits-after-leading-big-four-in-deficienciesOpenAI Buys Personal Finance App Roi https://www.pymnts.com/acquisitions/2025/openai-buys-personal-finance-app-roi/With its latest acqui-hire, OpenAI is doubling down on personalized consumer AI https://techcrunch.com/2025/10/03/with-its-latest-acqui-hire-openai-is-doubling-down-on-personalized-consumer-ai/BDO USA Expands Professional Services Capabilities Through HORNE https://www.bdo.com/insights/press-releases/bdo-usa-expands-professional-services-capabilities-through-horneAuditor BDO Cuts Jobs With Focus on Managing Apollo Debt https://www.bloomberg.com/news/articles/2025-10-11/auditor-bdo-cuts-jobs-with-focus-on-managing-apollo-debtNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCollective by DBA - https://collective.cpa/ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe ...

SponsorsOnPay - http://accountingpodcast.promo/onpayCloud Accountant Staffing - http://accountingpodcast.promo/casBill.com - http://accountingpodcast.promo/billAssembly - http://accountingpodcast.promo/assemblyChapters(00:00) - AI-Driven CEO Impersonator Scams (00:38) - WNBA Commissioner Controversy (07:04) - Standardizing Tech Stacks in Accounting Firms (13:06) - AI's Role in Accounting and Client Management (18:27) - IRS Shutdown and Economic Implications (25:49) - Fraud Stories and AI-Generated Scams (33:31) - Alternative CPA Pathways in California and New Jersey (34:32) - California's New CPA Pathways (35:45) - US News & World Report Rankings (37:38) - Tech Fundraising and Innovations (37:56) - Bill's Cybersecurity Awareness Month (40:33) - Dual Entry's $90 Million Series A (43:35) - AI and ERP Systems (50:58) - Avalara's AI Tax Compliance Agents (53:01) - Ignition's AI-Powered Pricing Tool (01:01:20) - Paycom's Layoffs and AI Automation (01:05:00) - Conclusion and Upcoming Events  Show NotesComing soon!Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCollective by DBA - https://collective.cpa/ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David examine the growing threat of AI-generated fake receipts, with 32% of accountants unable to recognize fraudulent documents and 30% reporting an increase in fraud since last year. They also discuss the concerning decline in entry-level auditor positions (down 43% since January) as firms adopt AI automation, while nearly half of accounts payable professionals now fear layoffs and also explore the concept of "work slop"—low-quality AI-generated work costing businesses nearly $200 per employee monthly—and debate whether firms should require clients to use standardized technology stacks, with only 37% currently doing so. SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/cas Rippling - http://accountingpodcast.promo/ripplingBill.com - http://accountingpodcast.promo/billBluebook - http://accountingpodcast.promo/bluebookChapters(01:43) - Headline Story: Tech Stack Adoption in Accounting Firms (03:05) - Survey Insights: Tech Stack Usage in Firms (07:15) - AI's Impact on Entry-Level Jobs (13:55) - The Rise of 'Work Slop' and Its Costs (20:44) - AI and Automation in Accounting (25:08) - Human-in-the-Loop Automation with Zapier (28:22) - AI in Tax Research and IT Blockers (30:51) - Competitive Moats and Custom Bots (32:26) - Exciting Changes in CPE Standards (34:59) - Drake Software's Cloud-Based Tax Solution (43:06) - State Department Embezzlement Scandal (44:59) - Trump's Tariff Announcements (50:28) - H-1B Visa Fee Increase (56:20) - Conclusion and CPE Information  Show Notes32% of accountants can't recognize AI-generated fake receipts https://www.accountingtoday.com/news/32-admit-they-cannot-recognize-ai-generated-fake-receiptsEntry-level auditor job postings fell 43%, per Randstad https://www.accountingtoday.com/news/entry-level-auditor-job-postings-fell-43-per-randstadAI-Generated "Workslop" Is Destroying Productivity https://hbr.org/2025/09/ai-generated-workslop-is-destroying-productivity97% say CPA firms not using tech efficiently says survey https://www.accountingtoday.com/news/97-say-cpa-firms-not-using-tech-efficiently-says-surveyCPA.com & BILL Growth Survey: How Firms Plan to Stay Ahead https://www.bill.com/blog/cpa-and-bill-growth-technology-surveyAP Pros Face Growing Layoff Concerns and See Automation as a Career Lifeline https://www.cpapracticeadvisor.com/2025/09/11/ap-pros-face-growing-layoff-concerns-and-see-automation-as-a-career-lifeline-2/168818/Get more control over your workflows with Human in the Loop! https://help.zapier.com/hc/en-us/articles/38838619533069-Get-more-control-over-your-workflows-with-Human-in-the-Loop54% use AI in tax research, but search engines remain prominent https://www.accountingtoday.com/news/54-use-ai-in-tax-research-but-search-engines-remain-prominentDrake Software Introduces Drake Tax Online https://www.cpapracticeadvisor.com/2025/09/24/drake-software-introduces-drake-tax-online/169572/Drake Software Launches Drake Tax Online: Powerful, Flexible Tax Software in the Cloud https://www.prnewswire.com/news-releases/drake-software-launches-drake-tax-online-powerful-flexible-tax-software-in-the-cloud-302566087.htmlNASBA, AICPA release proposed revisions to CPE standards https://www.journalofaccountancy.com/news/2025/sep/nasba-aicpa-release-proposed-revisions-to-cpe-standardsNASBA, AICPA Release Exposure Draft of Proposed Revisions to CPE Standardshttps://nasba.org/blog/2025/09/15/revisions-to-cpe-standards-2025/ H-1B FAQhttps://www.uscis.gov/newsroom/alerts/h-1b-faq Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser:

Are accounting firms quietly having their best year ever? Blake and David break down why revenues and partner comp are rising—despite AI anxiety—and what it means for pricing and staffing. They unpack Gusto Money’s Melio-powered bill pay, Relay’s $1B milestone, Drake’s new workflow, and AI tools that actually help (note-takers, agents, research). Plus: Trump’s biannual reporting idea, peer review for PE-backed firms, BOI reversal, and the messy ‘no tax on tips’ proposal.SponsorsOnPay - http://accountingpodcast.promo/onpay TeamUp - http://accountingpodcast.promo/teamupBluebook - http://accountingpodcast.promo/bluebookChapters(00:00) - Introduction and Revenue Insights (00:43) - Welcome to the Accounting Podcast (01:00) - Gusto Showcase Event Highlights (04:18) - The Importance of Long-Term Relationships in FinTech (08:58) - Advisory Amplified Tour Announcement (11:06) - AI in Accounting: Honest Reflections from a Tech Founder (16:48) - AI Meeting Assistants for Accounting Firms (21:03) - Comparing AI Tools: Blue Jay vs. ChatGPT (29:43) - Accounting Firms' Revenue and Compensation Growth (31:12) - Rising Costs and Accounting Firm Strategies (32:25) - NASBA's New Mobile App for CPA Exam Candidates (33:50) - Drake Software's Workflow Automation Launch (37:13) - AI in the Workplace: Surveys and Trends (41:16) - Fiverr's Shift to AI and Layoffs (44:09) - Trump's Proposal on Financial Reporting (50:01) - Private Equity and Peer Review Oversight (52:28) - Tax-Free Tips and Proposed Regulations (54:13) - AICPA and NASBA's Earn and Learn Program Shutdown (55:20) - Conclusion and Listener Engagement  Show NotesCPA Firms Report Steady Growth in Revenue and Profit, AICPA Research Finds https://www.aicpa-cima.com/news/article/cpa-firms-report-steady-growth-in-revenue-and-profit-aicpa-research-findsVinyl Raises $2M to Build the Future of AI Meeting Assistants for Accountantshttps://www.usevinyl.com/insights/blog/vinyl-seed-funding-announcementDrake Software Unveils Powerful New Tax Workflow Automation Toolshttps://www.prnewswire.com/news-releases/drake-software-unveils-powerful-new-tax-workflow-automation-tools-302558230.htmlNASBA Releases CPA Mobile App for Future CPAs https://www.accountingtoday.com/news/nasba-releases-cpa-mobile-appAICPA Seeks Comment on Peer Review Proposal for Firms with Private Equity Backinghttps://www.cpapracticeadvisor.com/2025/09/16/aicpa-seeks-comment-on-peer-review-proposal-for-firms-with-private-equity-backing/169014/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCollective by DBA - https://collective.cpa/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David examine several major developments affecting the accounting profession, including the proposed HIRE Act that would impose a 25% excise tax on offshore labor payments to accounting firms. They also look at how AI is transforming hiring practices at major firms like PwC, which is cutting graduate recruitment due to advancing technology and explore practical AI implementation strategies for accounting firms, moving beyond basic chatbots to integrated workflows. The show wraps up with a story about fraud at The Epoch Times - a $67 million money laundering scheme - and the ongoing costs of bad social media tax advice. SponsorsOnPay - http://accountingpodcast.promo/onpayRelay - http://accountingpodcast.promo/relay TeamUp - http://accountingpodcast.promo/teamupChapters(00:00) - Introduction and Personal Updates (00:48) - AI in Accounting: Challenges and Opportunities (04:57) - The Higher Act: Taxing Offshore Labor (05:23) - Feel-Good Story: The Oldest Marching Band Member (10:23) - Impact of AI on Job Market (26:33) - Gambling Scandal and AI in Government (36:22) - Expense Management Simplified (38:29) - Supreme Court and Tariffs Update (42:37) - Red Lobster's Downfall: A Case Study (45:37) - The Role of AI in Accounting Firms (01:03:04) - Epic Times CFO Charged with Money Laundering (01:08:38) - Conclusion and Announcements  Show NotesNew Moreno Bill Would Crack Down on Outsourcing, Fund American Workers - Senator Bernie Moreno https://www.moreno.senate.gov/press-releases/new-moreno-bill-would-crack-down-on-outsourcing-fund-american-workers/HIRE Act - A BILL https://www.moreno.senate.gov/wp-content/uploads/2025/09/The-HIRE-Act.pdfMoreno Bill to Crackdown on Foreign Outsourcing Blocked by Senate Democrats - Senator Bernie Moreno https://www.moreno.senate.gov/press-releases/moreno-bill-to-crackdown-on-foreign-outsourcing-blocked-by-senate-democrats/Offshoring is Screwed If This HIRE Act Thing Goes Anywhere But Let's Not Get Too Excited Yet - Going Concern https://www.goingconcern.com/offshoring-is-screwed-if-this-hire-act-thing-goes-anywhere-but-lets-not-get-too-excited-yet/PwC's U.K. chief admits he's cutting back entry-level jobs and taking a 'watch and wait' approach to see how AI changes work | Fortune https://fortune.com/2025/09/08/pwc-uk-chief-cutting-entry-level-junior-gen-z-jobs-ai-economic-headwinds-like-amazon-salesforce/AI takes entry-level jobs as Big Four slash graduate hiring https://bmmagazine.co.uk/news/big-four-cut-graduate-jobs-ai/PwC Cuts Graduate Hiring as AI Reshapes Entry-Level Careers - TechStory https://techstory.in/pwc-cuts-graduate-hiring-as-ai-reshapes-entry-level-careers/IRS assesses $162 million in penalties over false tax credit claims tied to social media | Internal Revenue Service https://www.irs.gov/newsroom/irs-assesses-162-million-in-penalties-over-false-tax-credit-claims-tied-to-social-mediaSocial media claims cost taxpayers $162M, IRS says. See the 'tips' to avoid https://thehill.com/homenews/5492263-social-media-claims-cost-taxpayers-162m-irs-says-see-the-tips-to-avoid/IRS warns taxpayers: Social media advice can lead to costly penalties https://www.journalofaccountancy.com/news/2025/sep/irs-warns-taxpayers-social-media-advice-can-lead-to-costly-penalties/Dirty Dozen: Taking tax advice on social media can be bad news for taxpayers; inaccurate or misleading tax information circulating | Internal Revenue Service https://www.irs.gov/newsroom/dirty-dozen-taking-tax-advice-on-social-media-can-be-bad-news-for-taxpayers-inaccurate-or-misleading-tax-information-circulatingAlbania appoints world's first AI government 'minister' to root out corruption | Euronews https://www.euronews.com/next/2025/09/12/albania-appoints-worlds-first-ai-government-minister-to-root-out-corruptionDiella (AI system) - Wikipedia https://en.wikipedia.org/wiki/Diella_(AI_system)Epoch Times embroiled in alleged cryptocurrency money laundering scheme - The Washington Post https://www.washingtonpost.com/style/media/2024/06/04/epoch-times-money-laundering-cryptocurrency/CFO of Falun Gong-linked Epoch Times arrested and accused of role in $67m multinational money laundering scheme | Fortune https://fortune.com/2024/06/04/cfo-weidong-bill-guan-falun-gong-epoch-times-arrested-67m-multinational-money-laundering-scheme/The only recap of Red Lobster's downfall you need https://thetakeout.com/red-lobster-endless-shrimp-private-equity-downfall-recapNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and wr...

Are AI “super agents” like Xero’s Jax actually useful—or just shiny chatbots? Blake and David unpack Xerocon announcements, why embedded agents lack context, smarter way to automate bank feeds with rules, the leaked “no tax on tips” job list and planning opportunities, IRS staffing whiplash, plus what billion‑dollar AI pledges from big firms really mean. Walk away with practical steps to deploy AI that saves hours without losing control.SponsorsTeamUp - http://accountingpodcast.promo/teamupRippling - http://accountingpodcast.promo/ripplingDigits - http://accountingpodcast.promo/digitsChapters(00:00) - Introduction and Podcast Overview (00:45) - Continuing Professional Education (CPE) Credits (03:20) - Live Stream Interactions and Coffee Talk (04:09) - Upcoming Deadlines and Tax Season Tips (05:52) - Upcoming Conferences and Events (14:48) - Blake's New Book Announcement (24:27) - No Tax on Tips Discussion (28:57) - IRS Workforce Challenges (31:41) - State Tax Implications for NFL Players (36:22) - Xero Con and AI Financial Super Agent (37:51) - Analyzing Gross Profit Trends (39:43) - Limitations of AI in Accounting (42:12) - AI-Powered Bank Reconciliation (49:47) - Automating Invoice Creation with AI (55:01) - Grant Thornton's AI Investment (01:02:16) - The Future of AI in Accounting (01:13:03) - AI's Impact on Accounting Jobs (01:21:26) - Implementing AI in Accounting Firms  Show NotesTreasury names jobs for Trump's 'no tax on tips' deduction https://www.cnbc.com/2025/09/03/treasury-trump-no-tax-on-tips-jobs.htmlScoop: List of jobs covered by Trump's "no tax on tips" (See if you qualify) https://www.axios.com/2025/09/01/no-tax-on-tips-jobs-trump-billWorkers in 68 occupations may soon be exempt from paying taxes on tips, including some surprising jobshttps://www.cbsnews.com/news/no-tax-on-tips-trump-big-beautiful-bill-68-occupations-heres-who/IRS is canceling its layoff plans, will ask some it fired or pushed out to return https://www.govexec.com/workforce/2025/08/irs-canceling-its-layoff-plans-will-ask-some-it-fired-or-pushed-out-return/407620/The IRS is Downsizing: Key Divisions Most Affected in 2025 https://sandbergphoenix.com/the-irs-is-downsizing-key-divisions-most-affected-in-2025/Grant Thornton Advisors investing $1 billion to arm the multinational workforce across its platform with powerful AI tools and technologyhttps://www.businesswire.com/news/home/20250904414830/en/Grant-Thornton-Advisors-investing-$1-billion-to-arm-the-multinational-workforce-across-its-platform-with-powerful-AI-tools-and-technologyGrant Thornton Advisors to Sink $1 Billion Over Three Years on AI https://www.cpapracticeadvisor.com/2025/09/05/grant-thornton-advisors-to-sink-1-billion-over-three-years-on-ai/168500/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Are AI bank feeds helping—or just creating more work? Blake and David unpack Intuit’s missteps, why “use AI to make the rules” matters, and how a no‑code agent now posts multi‑line bills to Xero. They demo Excel’s new "copilot()" function, share how FP&A roles are shifting, and hit headlines from Barstool’s lawsuit to tariffs and Gusto’s Guideline deal. You’ll leave with practical ways to deploy AI, avoid hidden risks, and boost margins.SponsorsOnPay - http://accountingpodcast.promo/onpay TeamUp - http://accountingpodcast.promo/teamupDigits - http://accountingpodcast.promo/digitsChapters(00:43) - Planning with AI (02:03) - The Threat of AI to Consultants (04:41) - AI in QuickBooks: A Double-Edged Sword (06:19) - AI's Limitations and Future in Accounting (27:02) - Excel's New AI Copilot (28:22) - Introducing the Copilot Function in Excel (33:50) - AI in the Workplace: Challenges and Opportunities (37:44) - Barstool Sports vs. Omega Accounting Solutions (41:29) - New Tariff Policies and Their Impact (53:45) - Gusto Acquires Guideline for Retirement Services (54:26) - Conclusion and CPE Information  Show NotesBring AI to your formulas with the COPILOT function in Excel https://techcommunity.microsoft.com/blog/microsoft365insiderblog/bring-ai-to-your-formulas-with-the-copilot-function-in-excel/4443487FP&A pros anticipate AI-driven headcount reductions https://www.accountingtoday.com/news/fp-a-pros-anticipate-ai-driven-headcount-reductionsPresident Trump Ends Unfair "De Minimis" Tariff Exemption, A Major Victory in Securing the Homeland https://www.dhs.gov/news/2025/07/31/president-trump-ends-unfair-de-minimis-tariff-exemption-major-victory-securingFact Sheet: President Donald J. Trump is Protecting the United States' National Security and Economy by Suspending the De Minimis Exemption for Commercial Shipments Globally https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-is-protecting-the-united-states-national-security-and-economy-by-suspending-the-de-minimis-exemption-for-commercial-shipments-globally/Barstool Sports Sues Accounting Firm Over Unpaid Advertising Bills https://www.sportico.com/law/analysis/2025/barstool-omega-accounting-solutions-advertising-lawsuit-1234868719/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Can AI agents actually reduce your workload—or just add hype? Blake demos how he rebuilt bill-entry “Hubdoc-style” in about an hour with Zapier Agents, then maps out why most AI pilots fail without documented workflows and human approvals. Plus: PwC’s plan to hire one-third fewer grads, juniors supervising AI, HMRC scanning social posts for tax gaps, and fresh salary and pricing benchmarks. Learn where AI truly fits—and how to price with confidence.SponsorsRelay - http://accountingpodcast.promo/relayTeamUp - http://accountingpodcast.promo/teamup Human at Scale - http://accountingpodcast.promo/humanDigits - http://accountingpodcast.promo/digitsChapters(05:36) - AI Agents: Hype vs. Reality (07:49) - AI's Impact on Corporate America (10:28) - Challenges in AI Integration (19:11) - PWC and AI: Training the Next Generation (21:43) - Building AI Agents with Zapier (41:00) - Human at Scale: Transforming Accounting Firms (42:34) - Live Stream Chat and AI Future (45:14) - Outsourcing vs. AI in Business (46:37) - AI in Accounting: Supervision and Customization (48:33) - Intuit's Q4 Earnings and QuickBooks Live (51:00) - AI's Impact on Accounting Jobs and Tools (59:48) - UK's AI Tax Fraud Detection (01:03:27) - Accounting Salary Survey Results (01:13:40) - Client Relationships and Free Speech Issues (01:18:18) - Conclusion and CPE Information  Show NotesThe GenAI Divide: State of AI in Business 2025 (MIT NANDA Report)https://fortune.com/2025/08/18/mit-report-95-percent-generative-ai-pilots-at-companies-failing-cfo/Getting a job at PwC out of college will be a lot tougher. It plans to recruit a third fewer grads by 2028 https://www.aol.com/getting-job-pwc-college-lot-120316405.htmlHMRC uses AI to spot tax fraud on social media https://www.accountancyage.com/2025/08/12/hmrc-uses-ai-to-spot-tax-fraud-on-social-media/The 2025 Accounting Today Salary Survey: Sweetening the deal https://www.accountingtoday.com/news/the-2025-accounting-today-salary-survey-sweetening-the-deal2025 U.S. Accounting and Tax Pricing Benchmark (Ignition) https://www.ignitionapp.com/us/2025-accounting-tax-pricing-benchmarkTaxDome Releases First-of-Its-Kind 2025 Niche Business Accounting Report https://www.morningstar.com/news/pr-newswire/20250819ph53815/taxdome-releases-first-of-its-kind-2025-niche-business-accounting-report2025 Niche Business Accounting Report (TaxDome) https://taxdome.com/niche-report-2025Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Can an AI reconcile your books while you sleep? Blake and David run a live experiment with ChatGPT-5’s Agent Mode in Xero—watching it match transactions, stumble on prepayments, and reveal what’s realistically automatable today. They also break down a flood of app news: Dext's bill pay, Ramp’s mega raise, Thomson Reuters and Deloitte’s agentic AI, plus Ignition–Financial Cents and Canopy portal moves. They dig into survey findings showing that 58% of employees are secretly using AI at work despite company bans, and take a look at how AI is disrupting the job market for college graduates. SponsorsTeamUp - http://accountingpodcast.promo/teamupRelay - http://accountingpodcast.promo/relayHuman at Scale - http://accountingpodcast.promo/humanMissive - http://accountingpodcast.promo/missiveChapters(01:32) - Exploring AI in Accounting (02:20) - Testing ChatGPT for Accounting Tasks (05:26) - Reconciling Transactions with AI (10:27) - App News (18:34) - AI and Automation in Accounting (23:29) - Recent Raises and Acquisitions (31:10) - Government and Regulatory Updates (35:14) - AI Agent Struggles with Prepayment (35:39) - VC Investments in Accounting Firms (37:43) - Ignition and Financial Sense Integration (40:13) - Canopy's Smart Intake and AI Innovations (42:58) - AI in the Workplace: Surveys and Insights (44:39) - AI Agent Finally Figures Out Prepayment (52:36) - AI's Limitations and Future Potential (01:01:55) - Fundraising and AI in Accounting Apps (01:12:28) - Impact of AI on the market (01:13:42) - Conclusion and CPE Information  Show NotesProduct Specialist-Accounting,AI - Xerohttps://builtinlondon.uk/job/product-specialist-accounting-ai/6683466Rillet raises $70M to replace 20th-century accounting software with AI-native ERP built by accountantshttps://www.globenewswire.com/news-release/2025/08/06/3128328/0/en/Rillet-raises-70M-to-replace-20th-century-accounting-software-with-AI-native-ERP-built-by-accountants.htmlAI accounting startup Rillet raises $70 million in Andreessen Horowitz, ICONIQ-led roundhttps://www.investing.com/news/economy-news/ai-accounting-startup-rillet-raises-70-million-in-andreessen-horowitz-iconiqled-round-4172975Ramp Raises $500 Million at $22.5 Billion Valuation to Accelerate AI and Build the Future of Financehttps://www.prnewswire.com/news-releases/ramp-raises-500-million-at-22-5-billion-valuation-to-accelerate-ai-and-build-the-future-of-finance-302516953.htmlRamp hits $22.5B valuation just 45 days after reaching $16Bhttps://techcrunch.com/2025/07/30/ramp-hits-22-5b-valuation-just-45-days-after-reaching-16b/IRS, White House clashed over immigrants' data before Billy Long was oustedhttps://www.washingtonpost.com/business/2025/08/09/trump-administration-irs-data-dispute/Trump replaces IRS Commissioner Billy Long with Scott Bessenthttps://www.washingtonpost.com/business/2025/08/08/billy-long-irs-commissioner-bessent/Trump ousts Billy Long as IRS commissioner, names Bessent acting headhttps://www.cnn.com/2025/08/08/politics/billy-long-ousted-irs-commissionerIRS Chief Forced Out After Immigrant Tax Data Pushback—Reporthttps://www.newsweek.com/irs-chief-forced-immigrant-tax-data-pushback-report-2111292Billy Long's IRS ouster follows clashes with Treasury, sparks concernhttps://thehill.com/homenews/administration/5449180-treasury-clashes-irs-commissioner/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to c...

Blake and David discuss how both AICPA and NASBA have officially endorsed a 120-hour CPA licensure pathway in the ninth edition of the Uniform Accountancy Act, validating Blake's long-standing advocacy against the 150-hour requirement. They also examine Baker Tilly's policy, which requires CPAs to remove their designations from email signatures and LinkedIn profiles due to alternative practice structures. They move on to the launch of GPT-5, praising its improved integration but noting concerning chart errors in OpenAI's presentation and ongoing hallucination issues. Rounding things out, they also discuss Trump's firing of newly-appointed IRS Commissioner Billy Long after just weeks in office, comparing it to his dismissal of the Bureau of Labor Statistics head over unfavorable job revision data.SponsorsOnPay - http://accountingpodcast.promo/onpay Keeper - http://accountingpodcast.promo/keeperMissive - http://accountingpodcast.promo/missive TeamUp - http://accountingpodcast.promo/teamupChapters(00:41) - AICPA and NASBA owe Blake an apology (02:35) - AI and GPT-5 Launch (04:17) - CPA License Controversy (13:04) - IRS and BLS Firings (24:54) - Tariffs and Economic Impact (37:13) - Impressive Results with GPT-5 (41:13) - Private Equity and Accounting Firms (45:16) - AI Errors in High-Stakes Presentations (56:41) - SEC's New Stable Coin Regulations (59:56) - China's Response to US Stable Coin Regulations (01:01:16) - KPMG and the Silicon Valley Bank Collapse (01:03:20) - Macy's Executive Bonuses Clawed Back (01:05:33) - Luckin Coffee's Auditor Penalized (01:08:34) - Mike Lynch's Estate Hit with $1 Billion Judgment (01:09:51) - Match Group's Stock Surge and Economic Optimism (01:12:58) - Final Thoughts and Continuing Education  Show NotesNASBA, AICPA give blessing to 120-hour CPA pathwayhttps://www.cfo.com/news/governing-bodies-of-accounting-give-blessing-to-120-hour-cpa-requirement/754033/ AICPA and NASBA Approve Model Legislation for New CPA Licensure Pathhttps://nasba.org/blog/2025/05/13/aicpa-and-nasba-approve-model-legislation-for-new-cpa-licensure-path/NASBA and AICPA Publish Ninth Edition of the Uniform Accountancy Act (UAA)https://nasba.org/blog/2025/07/22/nasba-and-aicpa-publish-ninth-edition-of-the-uniform-accountancy-act-uaa/Alaska Becomes the Latest State to Offer an Alternate CPA Pathway, With No Help From the Governorhttps://www.goingconcern.com/alaska-becomes-the-latest-state-to-offer-an-alternate-cpa-pathway-with-no-help-from-the-governor/CPA requirements by statehttps://www.cfo.com/news/cpa-requirements-by-state-cfo-accounting-updates-changes-150-hour/740328/Baker Tilly Secures Private Equity Investment in Largest CPA Transaction to Datehttps://insidepublicaccounting.com/2024/02/05/baker-tilly-secures-private-equity-investment-in-largest-cpa-transaction-to-date/Trump ousts Billy Long as IRS commissioner, names Bessent acting headhttps://www.cnn.com/2025/08/08/politics/billy-long-ousted-irs-commissionerIRS Commissioner Billy Long replaced after less than two monthshttps://www.npr.org/2025/08/08/nx-s1-5496549/irs-billy-long-trumpTrump removes Billy Long as IRS commissioner, giving him the shortest-ever tenure in the rolehttps://federalnewsnetwork.com/management/2025/08/trump-removes-billy-long-as-irs-commisioner-less-than-2-months-after-his-confirmation/OpenAI botches the charts in GPT-5 introductionhttps://flowingdata.com/2025/08/07/openai-botches-the-charts-in-gpt-5-introduction/GPT-5 Launch Demo Plagued With Catastrophically Dumb Errorshttps://futurism.com/gpt-5-demo-dumb-errorsSam Altman addresses 'bumpy' GPT-5 rollout, bringing 4o back, and the 'chart crime'https://techcrunch.com/2025/08/08/sam-altman-addresses-bumpy-gpt-5-rollout-bringing-4o-back-and-the-chart-crime/Introducing GPT-5https://openai.com/index/introducing-gpt-5/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube...

What happens when the traditional path from college to accounting career gets disrupted by AI and automation? This week, Blake and David explore who's most likely to quit accounting firms (hint: it's the middle managers), why wages are rising while jobs disappear, and how one college is revolutionizing accounting education. You'll discover which employees are happiest and most miserable in accounting, learn why ChatGPT conversations could be used against you in court, and hear from Nicole Wetter about Green River College's innovative applied accounting program that puts students in real internships while teaching them AI tools alongside traditional skills.SponsorsKeeper - http://accountingpodcast.promo/keeperTeamUp - http://accountingpodcast.promo/teamupHuman at Scale - http://accountingpodcast.promo/humanMissive - http://accountingpodcast.promo/missiveChapters(00:48) - AI in Accounting: Opportunities and Limitations (02:11) - Impact of AI on Accounting Jobs (04:07) - Interview with Nicole Wetter: Applied Science in Accounting (04:57) - ChatGPT and Legal Concerns (05:29) - Accounting Industry Updates and Opinions (06:55) - Employee Satisfaction in Accounting Firms (12:12) - Mergers and Acquisitions in Accounting (13:38) - Sponsor Messages and Livestream Welcome (17:40) - Conflicting Survey Data on Tech Adoption (25:16) - ChatGPT Study Mode: A New Way to Learn (31:13) - Second Sponsor Message: Team Up (32:10) - Free Resources for Listeners (32:29) - Billy Long's IRS Leadership (36:02) - Jeffrey Epstein's Tax Planning Scandal (38:03) - Rant on Tariffs and Economic Policies (47:04) - Interview with Nicole Wetter on Applied Accounting Education (01:10:04) - Final Thoughts and Upcoming Events  Show NotesWho's most likely to leave your accounting firm?https://www.accountingtoday.com/news/whos-most-likely-to-leave-your-accounting-firmSam Altman warns there's no legal confidentiality when using ChatGPT as a therapisthttps://techcrunch.com/2025/07/25/sam-altman-warns-theres-no-legal-confidentiality-when-using-chatgpt-as-a-therapist/OpenAI to appeal New York Times copyright case over user data preservationhttps://www.foxbusiness.com/technology/openai-appeal-copyright-ruling-ny-times-case-altman-calls-ai-privilegeHow we're responding to The New York Times' data demands in order to protect user privacyhttps://openai.com/index/response-to-nyt-data-demands/'I don't care about Direct File': IRS chief says agency plans to end free filing programhttps://www.cnbc.com/2025/07/30/irs-chief-says-agency-plans-to-end-free-direct-file-program.htmlIRS Chief Says Direct File Is 'Gone,' Other Audit Tech Is Cominghttps://news.bloombergtax.com/daily-tax-report/irs-chief-says-direct-file-is-gone-other-audit-tech-is-comingNew commissioner confident IRS can implement OBBBA's tax provisionshttps://www.journalofaccountancy.com/news/2025/jul/new-commissioner-confident-irs-can-implement-obbbas-tax-provisions/Continuing Epstein Investigation, Wyden Probes IRS's Failure to Investigate Sex Trafficker's Highly Lucrative Tax Planning Workhttps://www.finance.senate.gov/ranking-members-news/continuing-epstein-investigation-wyden-probes-irss-failure-to-investigate-sex-traffickers-highly-lucrative-tax-planning-workWyden probes IRS failure to investigate Jeffrey Epstein's tax planninghttps://www.accountingtoday.com/news/wyden-probes-irs-failure-to-investigate-jeffrey-epsteins-tax-planningAs Trump Sits on Key Epstein Files, Wyden Lays Out "Follow the Money" Investigation for DOJhttps://www.finance.senate.gov/ranking-members-news/as-trump-sits-on-key-epstein-files-wyden-lays-out-follow-the-money-investigation-for-dojNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://clouda...

What happens when politicians threaten to cut funding from accounting standard-setters unless they eliminate specific rules? Blake and David explore unprecedented political interference in FASB and PCAOB operations, plus the IRS facing a 23% budget cut despite Trump's push for more customer service staff. They unpack Sam Altman's warning about AI breaking voice authentication at major banks, why accounting degrees deliver 261% ROI (fourth-best among all majors), and how $28.7 billion in private equity money is reshaping CPA firms. Plus, the economic reality behind Stephen Colbert's show cancellation, Bitcoin's institutional takeover, and how tariff uncertainty is creating impossible planning conditions for businesses.SponsorsHuman at Scale - http://accountingpodcast.promo/humanKeeper - http://accountingpodcast.promo/keeperMissive - http://accountingpodcast.promo/missiveCloud Accountant Staffing - http://accountingpodcast.promo/casChapters(00:41) - The Decline of Late Night TV (03:02) - The Shift to Digital Media (13:51) - AI in Accounting Firms (16:46) - PCOB Leadership Changes (20:06) - Legislation to Eliminate PCOB (21:06) - FASB Funding Threats (24:54) - IRS Budget Cuts (31:56) - Deloitte's Audit Investigation (32:55) - Uncovering Glencore Energy's Bribery Scandal (34:19) - The ROI of an Accounting Degree (38:01) - Private Equity's Surge in Accounting Firms (54:46) - The Immigration Debate and Economic Consequences (01:00:57) - Alternative Pathways in Accounting: Alaska's New Law (01:01:48) - Conclusion Final Thoughts  Show NotesCBS is ending 'The Late Show with Stephen Colbert' next year | CNN Business https://www.cnn.com/2025/07/17/media/cbs-cancels-stephen-colbertStephen Colbert's 'Late Show' run will come to an end next year as CBS cancels franchise https://www.nbcnews.com/pop-culture/tv/stephen-colbert-late-show-end-cbs-rcna219499Inside CBS' 'agonizing decision' to cancel Colbert's top-rated late-night show | CNN Business https://www.cnn.com/2025/07/18/media/colbert-cbs-late-show-cancel-paramount-trumpSEC.gov | SEC Announces George Botic to Serve as Acting Chair of the Public Company Accounting Oversight Boardhttps://www.sec.gov/newsroom/press-releases/2025-100-sec-announces-george-botic-serve-acting-chair-public-company-accounting-oversight-boardGeorge Botic Takes Over as Acting Chief of the PCAOB - CPA Practice Advisor https://www.cpapracticeadvisor.com/2025/07/22/george-botic-takes-over-as-acting-chief-of-the-pcaob/165364/SEC names George Botic as acting chair of PCAOB | Accounting Today https://www.accountingtoday.com/news/sec-names-george-botic-as-acting-chair-of-pcaobHouse Republicans propose to withhold funds from FASB unless income tax reporting standard is withdrawn | Accounting Todayhttps://www.accountingtoday.com/news/house-republicans-propose-to-withhold-funds-from-fasbGOP Threatens Accounting Board Funding Over Tax Disclosure Rules https://news.bloombergtax.com/financial-accounting/gop-threatens-accounting-board-funding-over-tax-disclosure-rulesAmericans Want to Know Which Corporations Aren't Paying Taxes, but House Republicans Want to Keep this Information Secrethttps://itep.org/corporate-tax-avoidance-house-republicans-spending-bill/Trump wants to reverse the staffing cuts he's overseen for IRS customer service. House Republicans disagree. - Government Executivehttps://www.govexec.com/workforce/2025/07/trump-wants-reverse-staffing-cuts-hes-overseen-irs-customer-service-house-republicans-disagree/407002/Trump slashes 25% of IRS workforce with buyouts, firings of nearly 26,000 agency staff https://www.washingtontimes.com/news/2025/jul/22/trump-slashed-25-irs-workforce/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Ov...

What happens when a $2 trillion cryptocurrency market suddenly requires monthly audits? Blake and David break down the Genius Act, the new federal stablecoin legislation that just created a massive opportunity for auditors—but also potentially recreated the chaotic "wildcat banking" era of the 1800s. You'll learn why every stablecoin issuer now needs monthly attestation reports and annual audits, creating hundreds of new recurring revenue streams for accounting firms willing to take on the risk. Plus, they explore whether there are enough auditors to actually make this system work, and what happens if quantum computing breaks cryptocurrency security. The episode also covers PCAOB leadership changes under the new administration, live-tests AI agents trying to enter invoices (spoiler: it's messier than the hype suggests), and updates on the 23 states now offering alternative CPA pathways.SponsorsMissive - http://accountingpodcast.promo/missiveRelay - http://accountingpodcast.promo/relayCloud Accountant Staffing - http://accountingpodcast.promo/casChapters(01:17) - AI in Accounting: Browser Integration (02:35) - Major News: The Genius Act and Its Implications (03:38) - Sponsor Shoutouts and Livestream Interaction (05:06) - Audit News: Erica Williams and PCAOB Changes (08:27) - Federal Audit Failures and OMB's Strategic Reset (09:48) - AICPA's New Fraud Detection Standards (12:52) - Sponsor Highlight: Missive (15:38) - Fraud Case Study: Christine Hunsicker's $300M Scam (20:08) - Deep Dive: The Genius Act and Stablecoins (41:21) - The Risk of Stablecoins and Financial Contagion (42:07) - Quantum Computing Threat to Bitcoin (42:38) - The Challenge of Upgrading Cryptocurrency Systems (43:22) - Summary and Predictions for Accounting Firms (43:38) - Fraud in the Traditional Banking System (44:08) - Relay: The Small Business Banking Solution (45:43) - Pig Butchering: A Growing Fraud Problem (48:05) - The Case for a Federal Stablecoin (50:26) - Alternative Pathways for CPA Licensure (52:02) - Decline in CPA Licenses and Modernizing Education (54:59) - Cloud Accountant Staffing: Solving the Labor Shortage (56:01) - Agentic AI: The Future of Automation (59:13) - Challenges and Potential of AI in Accounting (01:02:31) - The Role of AI in Data Entry and Research (01:17:53) - Conclusion and Final Thoughts  Show NotesTrump signs landmark GENIUS Act, hailing "exciting new frontier" for crypto - CBS News https://www.cbsnews.com/news/trump-signs-genius-act-crypto-bill/Fact Sheet: President Donald J. Trump Signs GENIUS Act into Law – The White House https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-signs-genius-act-into-law/Stablecoin regulation bill heads to Trump's desk https://www.axios.com/2025/07/17/house-passes-genius-act-stablecoins-trumpA 'Crypto Week' win: Congress passes 1st major crypto legislation in the U.S. https://www.npr.org/2025/07/17/nx-s1-5451413/crypto-week-stablecoin-genius-act-trumpGENIUS Act Passes in US Congress: A Breakdown of the Landmark Stablecoin Law – Publications https://www.morganlewis.com/pubs/2025/07/genius-act-passes-in-us-congress-a-breakdown-of-the-landmark-stablecoin-lawErica Williams Resigns as PCAOB Chair - CPA Practice Advisor https://www.cpapracticeadvisor.com/2025/07/15/erica-williams-resigns-as-pcaob-chair/164956/PCAOB chair Erica Williams steps down | Accounting Today https://www.accountingtoday.com/news/pcaob-chair-erica-williams-steps-downSEC.gov | Statement Regarding Tenure of Erica Williams at the PCAOB https://www.sec.gov/newsroom/speeches-statements/atkins-statement-erica-williams-pcaob-071505Southern District of New York | CaaStle Founder Charged In $300 Million Fraud Scheme | United States Department of Justice https://www.justice.gov/usao-sdny/pr/caastle-founder-charged-300-million-fraud-schemeThe surprising details of fashion entrepreneur Christine Hunsicker's fraud indictment- Fast Company https://www.fastcompany.com/91371881/the-surprising-details-of-fashion-entrepreneur-christine-hunsickers-fraud-indictmentFashion startup founder Christine Hunsicker accused of cheating investors out of over $300 million - CBS News https://www.cbsnews.com/news/christine-hunsicker-charged-fraud-300-million-fashion-startup-founder/States move beyond the 150-hour rule for CPA licensure | Accounting Today https://www.accountingtoday.com/list/states-move-beyond-the-150-hour-rule-for-cpa-licensureTracking CPA licensure paths: Removing the 150-hour-rule hurdle | CFO Dive https://www.cfodive.com/news/broadening-cpa-licensure-paths-marching-beyond-150-hour-rule-accounting-talent-shortage/745282/The rise and fall of the 150-hour rule https://www.cfobrew.com/stories/2025/04/10/the-rise-and-fall-of-the-150-hour-ruleAICPA, NASBA approve alternatives to the 150-hour rule https://www.cfobrew.com/stories/2025/05/15/aicpa-nasba-approve-alternatives-to-the-150-hour-ruleNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and

Why is AI failing at basic accounting tasks while claiming to outsmart PhD students? Blake and David dive into the stark reality of AI implementation in accounting, from Ramp's promising new expense management agents to QuickBooks' baffling suggestion to credit and debit the same account. You'll discover the critical security vulnerabilities in AI systems and learn why clients are increasingly using AI to fact-check their accountants' advice. Plus, get a comprehensive breakdown of the top 10 tax planning opportunities in the One Big, Beautiful Bill Act—from permanent 100% bonus depreciation to Trump accounts for children. The hosts also explore which companies will be AI's biggest losers and why the future of accounting lies in financial management, not advisory services.SponsorsOnPay - http://accountingpodcast.promo/onpayCloud Accountant Staffing - http://accountingpodcast.promo/casKeeper - http://accountingpodcast.promo/keeperChapters(00:30) - The Big Beautiful Bill: Tax Provisions Overview (01:53) - AI in Accounting: RAMP's New AI Agents (02:56) - QuickBooks AI Agents: Frustrations and Feedback (06:05) - RAMP's AI Agents: Features and Benefits (14:38) - AI's Impact on Employment: Winners and Losers (20:54) - Grok 4: The Future of AI in Accounting (36:53) - Juno and Tax Prep Automation (37:52) - The Rise of AI in Cyber Attacks (38:26) - Social Engineering and AI (39:18) - Hidden AI Prompts in Academic Papers (41:25) - AI Security Risks and Internal Controls (45:45) - The Accountant's Labor Shortage (46:59) - Tax Planning Opportunities in the New Bill (56:29) - The Impact of the New Tax Bill (01:00:45) - Final Thoughts and Wrap-Up  Show NotesRamp agents: Let finance teams do finance https://ramp.com/blog/ramp-agents-announcementMicrosoft shares $500M in AI savings internally days after cutting 9,000 jobshttps://techcrunch.com/2025/07/09/microsoft-shares-500m-in-ai-savings-internally-days-after-cutting-9000-jobs/Indeed, Glassdoor to lay off 1300 staff amid AI pushhttps://techcrunch.com/2025/07/11/indeed-glassdoor-to-lay-off-1300-staff/Workday Stock Takes A Hit After Piper Sandler Survey Flags AI-Driven Headwinds, But Retail's Optimistic https://stocktwits.com/news-articles/markets/equity/workday-stock-takes-a-hit-after-piper-sandler-survey-flags-ai-driven-headwinds/ch8GfqaR5kYElon Musk's xAI launches Grok 4 alongside a $300 monthly subscription https://techcrunch.com/2025/07/09/elon-musks-xai-launches-grok-4-alongside-a-300-monthly-subscription/Hidden AI prompts in academic papers spark concern about research integrity https://www.japantimes.co.jp/news/2025/07/04/japan/ai-research-prompt-injection/Tax provisions in the One Big Beautiful Bill Act https://www.journalofaccountancy.com/news/2025/jun/tax-changes-in-senate-budget-reconciliation-bill/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsREFRAME 2025 - http://accountingpodcast.promo/reframe2025Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

What happens when AI decides who gets promoted and who gets fired? Blake and David dive into the shocking reality that 60% of managers now use AI for HR decisions, with over 20% letting algorithms make final calls without human oversight. They explore a Stanford study revealing that tax preparers are the #1 profession seeking automation, but only for basic calendar scheduling. Plus, discover why young Americans now rank health over wealth as their top measure of success, and how this generational shift is reshaping talent recruitment in accounting.SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/casKeeper - http://accountingpodcast.promo/keeperChapters(01:27) - Tax Prom: The Must-Attend Event (04:15) - AI in HR: Promotions and Firings (08:48) - AI in the Workplace: Automation and Worker Preferences (13:32) - AI Adoption and Security Concerns (18:21) - AI Training and Education in Firms (24:01) - Armanino's New AI-Powered Data Warehouse (33:07) - The Annoying Know-It-All Employee (33:18) - The Perfect AI Assistant (35:48) - Young People's Values on Success (38:55) - Global Perspectives on Success (41:23) - The Talent Shortage in Accounting (43:10) - Unlimited PTO and Burnout (46:53) - Tariffs Update (50:42) - The Big Beautiful Bill (01:03:52) - IRS Staffing Cuts and Refund Delays (01:08:26) - Conclusion and CPE Information  Show Notes  Half of Managers Use AI To Determine Who Gets Promoted and Firedhttps://www.resumebuilder.com/half-of-managers-use-ai-to-determine-who-gets-promoted-and-fired/Future of Work with AI Agentshttps://futureofwork.saltlab.stanford.edu/Future of Work with AI Agents: Auditing Automation and Augmentation Potential across the U.S. Workforce https://arxiv.org/abs/2506.06576 What workers really want from artificial intelligence https://hai.stanford.edu/news/what-workers-really-want-from-artificial-intelligence Big 4 Firm Discovers That Bragging About AI Efficiencies Leads Clients to Expect a Discounthttps://www.goingconcern.com/big-4-firm-discovers-that-bragging-about-ai-efficiencies-leads-clients-to-expect-a-discount/ Monday Morning Accounting News Brief: PwC Clients Ask For an AI Discount; Big 4 Firms Losing Hundreds of Partners https://www.goingconcern.com/monday-morning-accounting-news-brief-pwc-clients-ask-for-an-ai-discount-big-4-firms-losing-hundreds-of-partners-6-30-25/ Armanino planning data warehouse service, used AI for development https://www.accountingtoday.com/news/armanino-planning-data-warehouse-service-used-ai-to-help-development Bolt’s millennial founder has just ‘killed’ its unlimited PTO perk because it was actually causing burnout https://fortune.com/2025/07/02/bolt-millennial-founder-ceo-ryan-breslow-killed-unlimited-pto-burnout-mandatory-four-weeks-paid-vacation-fintech-startup/ Agentic Misalignment: AI Agents in Corporate Environmentshttps://www.anthropic.com/research/agentic-misalignment Relationships, health and financial stability are the defining priorities for Gen Z, according to new EY survey https://www.ey.com/en_gl/newsroom/2025/05/relationships-health-and-financial-stability-are-the-defining-priorities-for-gen-z-according-to-new-ey-survey 2025 Technology Perceptions Survey https://www.intapp.com/2025-tech-perceptions-survey/ Trust, attitudes and use of artificial intelligence https://kpmg.com/us/en/articles/2025/trust-attitudes-and-use-of-artificial-intelligence.html Tax Foundation Tax Prom 2025 https://taxprom.comNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsREFRAME 2025 - http://accountingpodcast.promo/reframe2025Want to get the word out about your newsletter, webinar, party, Facebo...

What happens when AI agents promise to transform accounting but create more cognitive burden than productivity gains? Blake and David explore the reality behind the AI agent hype as QuickBooks, Digits, and Big Four firms launch their "digital teammates." They also dig into Xero's massive $2.5 billion acquisition of Melio and what it means for the payments landscape. You'll learn why managing AI agents might be like managing offshore contractors—you wake up to work that's 80% done but everyone has questions. Plus, they discuss how external investors are reshaping the profession, why traditional CPA protections might go the way of car dealership laws, and the ongoing problems with audit quality enforcement despite millions in PCAOB fines.Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/cas Human at Scale - http://accountingpodcast.promo/humanChapters(00:00) - Introduction and Welcome (00:42) - David's Return and Big News (01:01) - The Acquisition of Emilio by Xero (01:33) - Implications of the Acquisition (04:52) - David's Journey with Bill Pay Solutions (06:42) - Emilio's Unique Features and Market Impact (10:47) - Xero's New Features and Updates (20:56) - QuickBooks AI Agents: A Game Changer? (31:21) - Digits AI Agents and Their Potential (36:59) - Big Firms Investing in AI (39:48) - Managing AI Agents: The New Workforce (41:09) - Cognitive Load and Productivity Limits (42:45) - Infinite Workdays and AI's Role (44:48) - AI in Accounting: Potential and Pitfalls (46:30) - AI Spending Trends and Future Outlook (47:18) - Building AI Workflows and Multi-Agent Systems (50:40) - Big Four and AI Integration (52:11) - AI-Powered Pricing and Payment Solutions (58:06) - VC-Backed AI Rollups in Accounting (01:01:47) - Regulatory Challenges and Industry Changes (01:09:10) - Audit Quality and PCAOB Fines (01:18:51) - Conclusion and CPE Information  Show NotesXero to acquire Melio, a leading US SMB bill pay solution, to accelerate global growth https://www.prnewswire.com/news-releases/xero-to-acquire-melio-a-leading-us-smb-bill-pay-solution-to-accelerate-global-growth-302490268.htmlNew Zealand's Xero to buy US fintech Melio for up to $3 billion | Reutershttps://www.reuters.com/legal/transactional/australia-listed-xero-acquire-fintech-melio-over-25-billion-deal-2025-06-24/Intuit Introduces Ground-Breaking Virtual Team of AI Agents to Fuel Growth for Businesses https://investors.intuit.com/news-events/press-releases/detail/1258/intuit-introduces-ground-breaking-virtual-team-of-ai-agents-to-fuel-growth-for-businessesIntuit debuts AI agents for QuickBooks | Accounting Today https://www.accountingtoday.com/news/intuit-debuts-ai-agents-for-quickbooksHow AI is improving accounting efficiency – without replacing jobs | Stanford Report https://news.stanford.edu/stories/2025/06/ai-accounting-bookkeeping-benefits-jobsAI Is Reshaping Accounting Jobs by Doing the "Boring" Stuff | Stanford Graduate School of Business https://www.gsb.stanford.edu/insights/ai-reshaping-accounting-jobs-doing-boring-stuffPCAOB fines Deloitte, PwC, EY Netherlands member firms for exam misconduct | Accounting Todayhttps://www.accountingtoday.com/news/pcaob-fines-deloitte-pwc-ey-netherlands-member-firms-for-exam-misconductPCAOB Imposes Fines Totaling $8.5 Million on Netherlands Member Firms of Deloitte, PwC, and EY After Widespread Exam Misconduct https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-imposes-fines-totaling--8.5-million-on-netherlands-member-firms-of-deloitte--pwc--and-ey-after-widespread-exam-misconductHow an Accounting Change Hit Store Prices - UCLA Anderson Review https://anderson-review.ucla.edu/how-an-accounting-change-hit-store-pricesNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsREFRAME 2025 -

What happens when 19 states simultaneously abandon the 150-hour CPA requirement while tariffs create unprecedented uncertainty for CFOs? Blake and CFO.com reporter Adam Zaki explore the rapid transformation of CPA licensure—from New York's recent changes to the coordinated state-by-state rollout that followed Barry Melancon's AICPA retirement. You'll discover how political and economic volatility is driving demand for accounting services, why the PCAOB may disappear in the Senate's tax bill, and how AI is reshaping audit teams while raising questions about the future value of CPAs. Plus, insights on navigating everything from reciprocal tariffs to the SEC's new chief accountant.Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/cas Human at Scale - http://accountingpodcast.promo/humanChapters(01:38) - Tariffs and Their Impact on CFOs (03:19) - Supreme Court and Tariff Legalities (05:47) - Economic Impact of Tariffs and Inflation (08:09) - Geopolitical Conflicts and Economic Uncertainty (11:17) - Federal Reserve and Economic Policies (18:51) - CPA Pipeline and 150 Hour Rule Changes (33:08) - Chief Accountant at the SEC (40:11) - Smart Moves by Congress: Nonprofit Pay Scales (40:44) - The Impact of Budget Cuts on PCAOB (41:34) - Challenges in Government Oversight (42:02) - Senate's Big Bill: Key Changes and Controversies (46:25) - Tax Implications and Political Dynamics (52:42) - Business Deductions and Higher Education (55:40) - AI in Accounting: Transforming the Big Four (57:37) - The Future of Accounting Education (01:02:10) - AI's Role in Auditing and the Future Workforce (01:05:19) - The Impact of Automation on Jobs and Society (01:15:48) - Concluding Thoughts and Future Outlook  Show NotesSupreme Court Challenge to Trump Tariffs by Toy Companies https://www.reuters.com/legal/supreme-court-trump-tariffs-toy-companies-challengeConsumer Price Index Impact of Current Tariffs https://www.bls.gov/news.release/cpi.nr0.htmNew York State CPA Licensure Reform Legislation https://www.nysscpa.org/news/publications/the-trusted-professional/article/new-york-cpa-licensure-reform-passes-legislaturePennsylvania CPA Pathway Bill Senate Approval https://www.picpa.org/articles/advocacy/cpa-pathway-legislation-senate-approvalMaine CPA Exam Requirements Change https://www.maine.gov/pfr/professionallicensing/professions/accountants/cpa-exam-requirementsCFO.com State-by-State CPA Licensure Tracker https://www.cfo.com/news/cpa-licensure-changes-state-tracker-2025Kurt Hoel Appointed SEC Chief Accountant https://www.sec.gov/news/press-release/2025-89AICPA Barry Melancon Retirement Impact Analysis https://www.journalofaccountancy.com/news/2025/01/melancon-retirement-cpa-pipeline-changesSenate Modifications to Big Beautiful Bill https://www.congress.gov/bill/119th-congress/house-bill/1/actionsAvalara 2025 Accountants Confidence Report https://www.avalara.com/us/en/resources/reports/2025-accountants-confidence-reportPCAOB Elimination Implications Analysis https://www.pcaobus.org/oversight/inspections/implications-elimination-analysisKPMG Clara AI Audit Platform Interview https://www.cfo.com/news/kpmg-thomas-mackenzie-clara-ai-audit-interviewPwC USA Tax Leader Agentic AI Implementation https://www.cfo.com/news/pwc-tax-agentic-ai-implementation-2025Bill.com Small Business Paperless Survey 2030 https://www.bill.com/resources/small-business-paperless-2030-surveyUniversal Technical Institute CFO Interview https://www.cfo.com/news/uti-cfo-future-higher-education-interviewNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comLearn more about Adam Zaki: Website: https://www.cfo.com/editors/azaki/LinkedIn: https://www.linkedin.com/in/adamzakinycGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://clo...

What happens when venture capitalists spend billions on AI but need customers to buy it? In this episode, Blake and David explore how investment firms are now purchasing accounting firms to force-feed AI adoption, comparing it to Pepsi buying restaurants to sell more soda. They also dig into the massive gap between AI promises and reality, questioning bold claims that 80% of tax prep is now automated while basic bookkeeping tools still make obvious errors. You'll learn about the AICPA's surprising neutrality on eliminating the PCAOB, Billy Long's confirmation as IRS commissioner despite his controversial past, and why accountant optimism has plummeted 58 points in just four months. Plus, discover how Miley Cyrus hid drug purchases from her accountant and why audit reports get downloaded only 30 times despite millions of investors.SponsorsOnPay - http://accountingpodcast.promo/onpayRelay - http://accountingpodcast.promo/relay Keeper - http://accountingpodcast.promo/keeperPayhawk - http://accountingpodcast.promo/payhawkChapters(00:57) - Updates from AICPA Engage (01:45) - AI in Accounting: Hype vs Reality (03:38) - The Future of the PCAOB (13:52) - The Role of Technology in Accounting (29:15) - Miley Cyrus' Financial Deception (29:56) - Miley Cyrus' Vintage Clothing Purchases (30:32) - Accountant's Responsibility in Client Purchases (32:11) - Billy Long Confirmed as IRS Commissioner (33:03) - Controversial Tribal Tax Credits (36:51) - Elon Musk's Opposition to the Big Beautiful Bill (46:06) - Accounting Firms' Optimism and AI Adoption (49:29) - Conclusion and Sponsor Messages  Show NotesCPAacademy 2025 AI and Accounting Report https://www.cpaacademy.org/resources/ai-accounting-report-2025How to Reimagine Audit Quality Beyond the PCAOB https://www.cpajournal.com/2025/01/15/reimagining-audit-quality-beyond-pcaob/Inflow Survey: 70% of US Businesses Open to Switching Audit Firms https://www.inflowaudit.com/resources/audit-firm-switching-survey-2025Gian Porzio LinkedIn Post on Tribal Tax Credit Investigation https://www.linkedin.com/posts/gianporzio_tribal-tax-credits-investigation-billy-longEconomist-YouGov Poll on Big Beautiful Bill Public Opinion https://www.economist.com/graphic-detail/2025/06/13/americans-support-musk-criticism-trump-tax-billCBO Analysis of Big Beautiful Bill Wealth Transfer Effects https://www.cbo.gov/publication/61234Avalara 2025 Accountants Confidence Report https://www.avalara.com/us/en/resources/reports/2025-accountants-confidence-report.htmlCenter for Audit Quality Audit Partner Pulse Survey https://www.thecaq.org/audit-partner-pulse-survey-2025European Business Travel to US Drops 25% in April https://www.businesstravelnews.com/Management/European-Business-Travel-US-Drops-Tariff-ConcernsXero 2025 State of the Industry Report https://www.xero.com/us/resources/small-business-insights/state-of-industry-report-2025/Indiana CPA Society Survey on Firm Headcount Predictions https://www.incpas.org/resources/surveys/firm-headcount-predictions-2025BDO $1 Billion AI Strategy Investment Announcement https://www.bdo.com/insights/business-financial-advisory/technology/bdo-ai-strategy-investmentRSM $1 Billion AI Investment Plan https://rsmus.com/insights/rsm-ai-investment-strategy-2025Create Professional Alliance CPA $500 Million Investment Plan https://www.createprofessionalalliance.com/investment-strategyThrive Capital $1 Billion OpenAI Investment Details https://www.techcrunch.com/2024/08/15/thrive-capital-openai-investment-billionGeneral Catalyst Accrual AI Startup and Accounting Firm Acquisitions https://www.generalcatalyst.com/portfolio/accrual-ai-accounting-vertical-integrationNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cl...

Live from the Sage Future conference in Atlanta, Aaron Harris, CTO of Sage, joins Blake and David to explain why he wants to completely eliminate the financial close rather than just make it faster. Harris breaks down the three waves of AI transformation in accounting—from task-based automation to generative AI to fully autonomous agents—and reveals how Sage is building custom language models trained specifically on accounting principles with the AICPA. He also discusses the psychology of trust between CFOs and AI systems, introduces Sage's new AI transparency labels, and explains why his company is taking a more cautious approach than competitors like Intuit when deploying autonomous agents.Meet Our Guest, Aaron Harris, CTO, SageLinkedIn: https://www.linkedin.com/in/aaron-harris-7407b2/Website: https://www.sageintacct.com/leadership/aaron-harrisX: https://x.com/AaronRHarrisLearn more about Sagehttps://www.sage.com/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David return from Sage Future 2025 with insights into how AI is reshaping accounting—from eliminating the financial close to real-world use cases. They also cover Elon Musk and Donald Trump’s public breakup, the latest in Deel’s corporate spying allegations, Deloitte’s unapologetically intense work-life balance ad, and a billion-dollar “AI” startup that turned out to be powered by humans.SponsorsOnPay - http://accountingpodcast.promo/onpayKeeper - http://accountingpodcast.promo/keeperTeamUp - http://accountingpodcast.promo/teamup Payhawk - http://accountingpodcast.promo/payhawkChapters(00:00) - Welcome to The Accounting Podcast (01:02) - AI in Accounting: Real-World Examples (05:08) - Sage Intacct Roadmap and AI Innovations (12:02) - AI's Impact on Accounting Jobs (18:33) - AI in Auditing: Tools and Trends (26:54) - Internal Audit and AI Adoption (32:36) - Elon Musk and Donald Trump Fallout (35:43) - Impact of Tariffs and Political Alliances (37:03) - Rippling vs. Deel: Allegations and Legal Battles (40:45) - Deloitte's Work-Life Balance Ad Controversy (43:10) - Accounting Profession's Retention and Salary Issues (46:43) - CPA Title Removal Debate (49:23) - 150-Hour Rule and Master's Degree Debate (52:56) - Trump-Musk Fallout and Its Implications (01:01:07) - Alliant Group and IRS Commissioner Controversy (01:05:14) - AI Startup Fraud Exposed (01:07:08) - Conclusion and Announcements  Show NotesReal-life ways accountants are using AI https://www.journalofaccountancy.com/issues/2025/jun/real-life-ways-accountants-are-using-ai/Fieldguide Introduces Industry-Leading Agentic AI for Financial Audit to Improve Quality and Efficiency https://www.globenewswire.com/news-release/2025/06/04/3093606/0/en/Fieldguide-Introduces-Industry-Leading-Agentic-AI-for-Financial-Audit-to-Improve-Quality-and-Efficiency.htmlFieldguide launches AI agent to automate audit testing https://www.accountingtoday.com/news/fieldguide-launches-ai-agent-to-automate-audit-testingHow KPMG is using AI to revamp their audit practice https://www.cfo.com/news/how-kpmg-thomas-mackenzie-is-using-clara-ai-to-revamp-their-audit-practice-/748316/KPMG Advances AI Integration in KPMG Clara Smart Audit Platform https://kpmg.com/us/en/media/news/kpmg-clara-smart-audit-platform.htmlEx-PwC Partner Says AI Is Coming For Big 4 Jobs in a Big Way https://www.goingconcern.com/ex-pwc-partner-says-ai-is-coming-for-big-4-jobs-in-a-big-way/PwC's 2025 Global AI Jobs Barometer https://www.pwc.com/gx/en/news-room/press-releases/2025/ai-linked-to-a-fourfold-increase-in-productivity-growth.htmlFrom bros to foes: how the unlikely Trump-Musk relationship imploded https://www.reuters.com/world/us/bros-foes-how-unlikely-trump-musk-relationship-imploded-2025-06-06/Deloitte's Latest Ad Promises Clients Their People Have No Life Whatsoever and Are Always Eager to Serve https://www.goingconcern.com/deloittes-latest-ad-promises-clients-their-people-have-no-life-whatsoever-and-are-always-eager-to-serve/Microsoft backed this $1.5 billion AI startup that was just discovered to be 700 engineers pretending to be AI https://www.windowscentral.com/microsoft/builder-ai-collapse-microsoft-backed-fake-ai-servicesBuilder.ai faked AI with 700 engineers, now faces bankruptcy and probe https://www.business-standard.com/companies/news/builderai-faked-ai-700-indian-engineers-files-bankruptcy-microsoft-125060401006_1.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds

Earmark Media Presents a bonus episode of Earmark Podcast:  What happens when Congress votes to eliminate the watchdog that's overseen public company audits for two decades? In this episode, Blake Oliver sits down with three leading accounting academics—Maureen McNichols from Stanford, Nemit Shroff from MIT, and Daniel Aobdia from Penn State—to examine the research behind the PCAOB's effectiveness and what elimination could mean for audit quality. You'll discover why companies with clean audit inspections can raise capital more easily, how the infamous "40% deficiency rate" actually works, and why these researchers believe dismantling the PCAOB could undermine trust in U.S. capital markets. The conversation reveals the hidden economics of audit oversight and explains why there hasn't been a major public company fraud since Enron and WorldCom.Chapters(00:00) - Welcome to the Show (01:10) - Meet the Experts (02:59) - Discussion on PCAOB's Elimination (08:17) - Research Insights on PCAOB's Effectiveness (20:11) - Deficiency Rates and Audit Quality (24:50) - Economic Impact of Fraud and PCAOB's Role (25:20) - Regulatory Model of the PCAOB (25:59) - Incentive Structure and Audit Quality (26:59) - Inspection Deficiency Rates (28:54) - Restatement Rates vs. Deficiency Rates (30:23) - Auditor-Client Relationship Tensions (31:42) - Documentation Issues in Audits (35:15) - Effectiveness of PCAOB Inspections (37:49) - Impact of PCAOB on Financial Reporting Quality (40:33) - Potential Elimination of the PCAOB (44:00) - Conclusion and Final Thoughts Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comhttps://earmark.app/Earn CPE for this episodehttps://earmark.app/c/2542Download the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our Guests:Maureen McNicholshttps://www.gsb.stanford.edu/faculty-research/faculty/maureen-mcnicholsNemit Shroffhttps://mitsloan.mit.edu/faculty/directory/nemit-shroffDaniel Aobdiahttps://directory.smeal.psu.edu/dza5396Connect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/

What happens when a major newspaper publishes a summer reading list where only five of the 15 books actually exist? Blake and David explore this real example of AI-generated content gone wrong and what it means for accounting professionals who increasingly rely on automated tools. They break down QuickBooks' latest price increases, demonstrate how AI can now build complex consolidation spreadsheets in minutes, and discuss why Excel skills still outrank AI knowledge in finance hiring. Plus, they examine the legal challenges facing Trump's tariff policies, alternative CPA pathway expansion, and hear from accounting student Jason Farley about the dangerous gap between classroom education and real-world cloud accounting practice.SponsorsPayhawk - http://accountingpodcast.promo/payhawkKeeper - http://accountingpodcast.promo/keeper REFRAME 2025 - http://accountingpodcast.promo/reframe2025 TeamUp - http://accountingpodcast.promo/teamupChapters(00:48) - Summer Reading List Mishap (02:52) - AI and the Future of Fact-Checking (05:27) - AI Video Generators and Fake News (08:20) - QuickBooks and AI Pricing Debate (09:16) - Elon Musk and Government Efficiency (10:41) - The Big Beautiful Bill and Its Implications (18:29) - Tariffs and Trade Wars (39:48) - Excel vs AI in Finance (42:42) - The Rise of Excel: A Brief History (43:44) - Introducing Perplexity AI: A Versatile Tool (53:56) - Alternative CPA Pathways and Legislative Changes (55:07) - The Role of the PCAOB in Audit Quality (59:25) - Controversies Surrounding IRS Commissioner Nominee Billy Long (01:03:59) - The Future of Accounting Internships and Outsourcing (01:20:20) - Perplexity's Onboarding Process: Results and Insights (01:24:38) - Upcoming Conferences and Closing Remarks  Show NotesChicago Sun-Times fake summer reading list article https://www.chicagosuntimes.com/fake-summer-reading-list-2025South Carolina passes alternative CPA pathway legislation https://www.scstatehouse.gov/cpa-pathway-legislation-2025New Jersey alternative CPA pathway bill https://www.njleg.state.nj.us/bills/cpa-alternative-pathway-2025Oregon CPA licensure reform legislation https://www.oregonlegislature.gov/cpa-pathway-reform-2025Minnesota CPA education requirements change https://www.revisor.mn.gov/cpa-education-requirements-2025Illinois CPA pathway legislation https://www.ilga.gov/cpa-pathway-bill-2025Trump tariffs constitutional challenge court ruling https://www.reuters.com/legal/trump-tariffs-constitutional-challenge-2025Court of International Trade blocks global tariffs https://www.cit.uscourts.gov/trump-tariffs-ruling-2025International Emergency Economic Powers Act tariff authority https://www.treasury.gov/ieepa-tariff-authority-analysisPCAOB elimination provision in tax bill https://www.congress.gov/bill/pcaob-elimination-provisionBilly Long IRS Commissioner confirmation hearing https://www.finance.senate.gov/billy-long-confirmation-hearingBilly Long tribal tax credits promotion controversy https://www.irs.gov/tribal-tax-credits-fraud-warningFederal Tax Updates podcast with Danny Werfel https://federaltaxupdates.com/danny-werfel-interviewSolutions Magazine Excel vs AI survey https://solutionsmagazine.com/excel-ai-finance-survey-2025Microsoft Excel 40th anniversary analysis https://www.technologylab.com/excel-40-years-anniversaryQuickBooks pricing increases for AI features https://quickbooks.intuit.com/pricing-changes-ai-features-2025Puzzle AI accounting platform pricing https://puzzle.io/pricingDigits AI bookkeeping service costs https://digits.com/pricing-plansUplink AI bookkeeping pricing structure https://uplink.com/ai-bookkeeping-pricingAltman Dublin AI accounting company funding https://altman.ie/series-a-funding-announcementPerplexity Labs spreadsheet creation feature https://labs.perplexity.ai/spreadsheet-toolsMicrosoft Office bundling strategy vs Lotus 123https://www.computerhistory.org/excel-lotus-competitionMeet our Guest, Chayton FarleeLinkedIn: https://www.linkedin.com/in/chaytonfarlee/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website -

How close are we to expense reports that create themselves? In this crossover episode recorded live at Emburse in Motion, Blake Oliver explores real-world AI implementation with Adriana Carpenter, CFO of Emburse, and Olga Pavlova from PizzaExpress. Discover how PizzaExpress manages 350+ restaurant locations using AI to automatically flag policy violations and detect hidden SaaS subscriptions buried in expense reports. You'll learn specific strategies for vendor consolidation that deliver immediate cost savings, plus hear Adriana's vision for AI agents that guide employees through policy compliance in real time. From keyword detection that prevents VAT errors to mobile-first expense reporting that's "quarters away, not years away," this episode reveals practical automation wins you can implement today.Meet Our Guests:Adriana CarpenterCFO, EmburseLinkedIn: https://www.linkedin.com/in/adriana-carpenter-487507a/Learn more about Embursehttps://www.emburse.com/company/about-emburseOlga Pavlova-Grebliauske FCCALinkedIn: https://www.linkedin.com/in/olga-pavlova-grebliauske-fcca-8a625470/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

What happens when Congress passes a $3.8 trillion deficit-increasing bill by just one vote while promising fiscal responsibility? Blake and David break down the "Big Beautiful Bill" and reveal who really benefits—spoiler alert: it's not the middle class or the national debt. They explore QuickBooks' aggressive new AI agents rollout with price hikes up to 17%, examine why Tesla's CPA CFO earned $139 million in one year, and uncover how tariff-stressed businesses are weaponizing invoice rejections to manage cash flow. You'll discover why the time-based billing model is fundamentally broken in accounting, learn about the emerging "Next 12" tier of accounting firms, and understand why partners work the most hours while achieving only 6.9/10 job satisfaction.Sponsors Relay - http://accountingpodcast.promo/relayTeamUp - http://accountingpodcast.promo/teamup REFRAME 2025 - http://accountingpodcast.promo/reframe2025 Payhawk - http://accountingpodcast.promo/payhawkChapters(00:44) - The Big Beautiful Bill Act Overview (03:13) - Public Perception and Survey Insights (04:51) - Tax Implications and Specific Provisions (19:24) - National Debt Concerns (29:35) - QuickBooks AI Agents and Price Increases (32:52) - AI and Automation in Accounting (33:52) - Intuit's Earnings and Stock Performance (34:53) - Price Increases for QuickBooks Products (36:53) - AI Agents and QuickBooks Plans (38:01) - Impact of AI on Accounting Apps (38:56) - Intuit Enterprise and Accountants' Role (39:28) - Reframe 2025 Conference (42:40) - Big Four Transparency and Work Hours (48:18) - Tariffs and Invoice Rejections (54:52) - Big Four vs. Next 12 Accounting Firms (01:00:48) - Conclusion and CPE Information  Show NotesDo Americans Support Trump's 'Big, Beautiful' Budget Package? What Poll Found Before it Passed in House https://www.cpapracticeadvisor.com/2025/05/22/do-americans-support-trumps-big-beautiful-budget-package-what-poll-found-before-it-passed-in-house/161567/ Tesla CFO earns staggering $139 million compensation package https://www.foxbusiness.com/markets/tesla-cfo-earns-staggering-139-million-compensation-package Tesla Exec Receives Record Pay Package, Highest Paid CFO https://www.entrepreneur.com/business-news/tesla-exec-receives-record-pay-package-highest-paid-cfo/491938 Tesla CFO Vaibhav Taneja draws record $139 million salary https://americanbazaaronline.com/2025/05/21/tesla-cfo-vaibhav-taneja-draws-record-139-million-salary-462881/ Big 4 Transparency - Awards Season https://big4transparency.beehiiv.com/p/big-4-transparency-awards-season Tariffs & Trade Uncertainty Creates Invoice Rejections Surge https://procurementmag.com/news/tariffs-trade-uncertainty-creates-invoice-rejections-surgeInvoice rejection spike suggests tactic's use as tariff buffer, study says https://www.cfodive.com/news/invoice-rejection-spike-suggests-tactics-use-as-tariff-buffer-study-says/748528/ Art of Accounting: Analysis of Top 100 Firms data https://www.accountingtoday.com/opinion/art-of-accounting-analysis-of-top-100-firms-data The corporate work week grows even longer https://www.cfo.com/news/the-corporate-work-week-grows-even-longer-survey-microsoft-reclaim-ai-/748628/ Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsREFRAME 2025 - http://accountingpodcast.promo/reframe2025Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a cla...

Could the Pope be on the hook for US taxes? As the first American elected Pope, Leo XIV faces an unusual conundrum under US citizenship rules. Meanwhile, Intuit's controversial new API pricing has developers reeling, and Hector Garcia joins the conversation to explain why this "tariff" threatens the entire QuickBooks ecosystem. Blake and David also examine how companies use foreign trade zones to dodge Trump's tariffs, unpack the AICPA's new CPA licensure model, and reveal shocking numbers on government fraud that could approach $1 trillion annually. Plus, discover why 99.99% of Trump Memecoin buyers lost money while just 58 wallets walked away with billions.Sponsors REFRAME 2025 - http://accountingpodcast.promo/reframe2025 TeamUp - http://accountingpodcast.promo/teamupBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) Payhawk - http://accountingpodcast.promo/payhawkChapters(01:54) - South Carolina State Treasurer Ousted (04:04) - Deal CEO Relocates Amid Lawsuit (05:28) - Live Stream Interactions (07:29) - Introducing Hector Garcia and Reframe (08:19) - Intuit Developer Program Changes (09:53) - Discussion on API Charges and Developer Impact (16:37) - Speculations and Theories on Intuit's Strategy (28:56) - Reframe Conference Details (31:30) - Trump's Tariffs and Foreign Trade Zones (33:52) - Introduction to Free Trade Zones (34:42) - Arizona's Dominance in Free Trade Zones (37:41) - Legal Challenges to Trump's Tariffs (40:29) - Intuit's Political Maneuvering (44:53) - New CPA Licensure Model (57:43) - Fraud and Government Inefficiencies (01:06:27) - Closing Remarks and New Podcasts  Show NotesSouth Carolina Senate votes to remove state treasurer over $1.8 billion accounting error https://www.thestate.com/news/politics-government/article287284067.htmlDeal CEO Alex Bouaziz relocates to Dubai amid Rippling lawsuit https://techcrunch.com/2024/04/15/deal-ceo-alex-bouaziz-has-relocated-to-dubai-amid-the-rippling-lawsuit/Rippling raises $450 million at $16.8 billion valuation https://techcrunch.com/2024/04/16/rippling-raises-450m-at-16-8b-valuation/AICPA and NASBA release model legislation for new CPA licensure pathway https://www.journalofaccountancy.com/news/2024/apr/aicpa-nasba-release-model-legislation-new-cpa-licensure-pathway.htmlFlorida Institute of CPAs successfully pauses bill to eliminate licensing boards https://www.ficpa.org/article/ficpa-advocacy-update-on-house-bill-639American Pope Leo XIV may need to file US tax returns https://www.cnbc.com/2024/04/23/american-pope-leo-xiv-may-need-to-file-us-tax-returns.htmlForeign Trade Zones become tariff shelters amid Trump's trade policies https://www.wsj.com/economy/tariffs/foreign-trade-zones-become-tariff-shelters-for-small-firms-a5e81093Federal court questions constitutionality of Trump's Liberation Day tariffs https://www.reuters.com/legal/us-trade-court-questions-legality-biden-tariffs-2024-04-17/Elon Musk stepping aside at DOGE while work continues through 2026 https://www.axios.com/2024/04/22/elon-musk-stepping-aside-doge-juneIRS fails to meet improper payment rate goals for refundable tax credits https://www.treasury.gov/tigta/auditreports/2024reports/202440032fr.pdfCriminal groups stealing up to $1 trillion from US government programs https://www.nbcnews.com/business/economy/hackers-stealing-us-government-money-rcna15002499.99% of Trump Memecoin buyers lost money while 58 wallets made over $10 million each https://www.chainalysis.com/reports/trump-memecoin-analysis-2024/Intuit's record lobbying spending and Republican support to eliminate IRS Direct File https://www.opensecrets.org/news/2024/04/intuit-turbotax-parent-spends-record-on-lobbying-amid-direct-file-rollout/Intuit Developer Program Changes https://developer.intuit.com/app/developer/homepageNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube:

What if your firm could cut its tech stack in half while delivering faster results to clients? In this episode, Blake and David explore the consolidation revolution in accounting software as practice management tools secure massive funding rounds. They also break down how private equity is reshaping the profession's business model, with some firms now prohibiting CPAs from using their credentials in email signatures. Plus, discover why a proposed Florida bill eliminating the Board of Accountancy could have nationwide implications for licensed professionals. Learn why shorter turnaround times—not lower prices—might be your most cost-effective path to happier clients in today's AI-transformed landscape.SponsorsOnPay - http://accountingpodcast.promo/onpayRelay - http://accountingpodcast.promo/relayREFRAME 2025 - http://accountingpodcast.promo/reframe2025 Payhawk - http://accountingpodcast.promo/payhawkChapters(01:14) - Today's Topics Overview (03:53) - Travel Stories and Observations (05:14) - Conference Highlights and Industry Insights (16:50) - Florida CPA Threat and Licensing Issues (21:21) - Private Equity in Accounting Firms (39:39) - IRS Workforce Reduction Update (44:04) - IRS and ICE Data Sharing Agreement (45:42) - Proposed Bill to Regulate Tax Preparers (47:37) - Americans' Perception of Tax Fairness (52:16) - Improving Client Satisfaction in Tax Services (01:01:36) - Consolidation in Accounting Tech: Xero and Bill.com (01:03:43) - Gusto Expands into AR and AP (01:12:02) - The Impact of AI on Accounting Jobs  Show NotesFirms with AI report higher per-employee revenue vs others https://www.accountingtoday.com/news/firms-with-ai-report-higher-per-employee-revenue-vs-others50% of finance teams still take over a week to close the books https://www.cfo.com/news/50-of-finance-take-week-to-close-books-ledge-month-end-close-time-cfo-three-day-close-myth-/746085/Shorter Turnaround Equals Happier Tax Clients https://www.cpatrendlines.com/2025/05/shorter-turnaround-equals-happier-tax-clients/Less than half of Americans believe federal income taxes are fair, Gallup poll finds https://news.gallup.com/poll/taxes-fairness-poll-2025.aspxFlorida bill threatens to eliminate Board of Accountancyhttps://www.goingconcern.com/florida-bill-threatens-to-eliminate-board-of-accountancy/13 regional accounting firms unite under Sorin brand backed by private equity https://www.accountingtoday.com/news/13-regional-accounting-firms-unite-under-sorin-brandBennett Thrasher rejects private equity, champions independence https://www.accountingtoday.com/news/bennett-thrasher-rejects-private-equity-champions-independenceInterest in accounting rising among students, CAQ survey finds https://www.thecaq.org/accounting-interest-students-survey-2025/Treasury to stop issuing and accepting paper checks effective September 30, 2025 https://home.treasury.gov/news/press-releases/paper-checks-phase-out-2025IRS and ICE reach agreement to share immigrants' tax information https://www.irs.gov/newsroom/information-sharing-agreement-ice-2025Bill to regulate tax preparers introduced in Congress https://www.congress.gov/bill/tax-preparer-regulation-2025Canopy raises $70 million Series C for practice management software https://www.canopytax.com/blog/70-million-series-c-funding-2025Thoma Bravo invests $100 million in HubSync for accounting technology growthhttps://www.hubsync.com/news/thoma-bravo-investment-100-millionXero and Bill forming alliance for embedded bill pay in the US https://www.xero.com/blog/2025/05/bill-partnership-announcement/Melio to embed payments for AR and AP inside Gusto https://www.melio.com/blog/melio-gusto-partnership-2025Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http...

Could AI create a $20 trillion professional services earthquake? In this episode, Blake and David dive into the data showing that AI firms generate $45,000 more revenue per employee than non-adopters. You'll discover how AI is reshaping traditional accounting and what Claude's new ability to connect with your Gmail and calendar means for productivity. They also demonstrate how indistinguishable AI-cloned voices have become, sharing practical tips to protect yourself and clients from increasingly sophisticated voice scams. Plus, hear why the "impossible" US customs broker exam (with its shocking 4% pass rate) might offer accountants a lucrative alternative career path as tariff disputes heat up.SponsorsOnPay - http://accountingpodcast.promo/onpay Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)   Reframe - http://accountingpodcast.promo/reframe2025 Payhawk - http://accountingpodcast.promo/payhawkChapters(00:37) - The Impact of AI on Accounting Firms (02:04) - Voice AI Scams and Protection Tips (03:34) - Legislative Updates and Industry News (05:44) - Live Stream Shoutouts and Sponsor Acknowledgements (06:50) - AI in Accounting: Revenue and Efficiency Insights (14:01) - AI Voice Cloning Demonstration (16:29) - Protecting Against AI Voice Scams (24:12) - AI's Impact on Work and Productivity (32:32) - AI in Tax and Accounting Firms (38:19) - Success in Contract Drafting (38:43) - Starbucks' Automation Reversal (41:07) - AI and Productivity Gains (53:58) - The Great Legacy Extinction (01:08:58) - The Impossible Tariff Test (01:13:09) - Private Equity in Accounting Firms (01:16:03) - Conclusion and CPE Credits  Show NotesFirms with AI report higher per-employee revenue vs othershttps://www.accountingtoday.com/news/firms-with-ai-report-higher-per-employee-revenue-vs-othersNine Ways to Protect Yourself from 'Impostor' Voice Scams https://www.magzter.com/stories/newspaper/The-Wall-Street-Journal/NINE-WAYS-TO-PROTECT-YOURSELF-FROM-IMPOSTOR-VOICE-SCAMSDanish study challenges claims about AI disrupting the labor market https://getcoai.com/news/danish-study-challenges-claims-about-ai-disrupting-the-labor-market/50% of finance teams still take over a week to close the books https://www.cfo.com/news/50-of-finance-take-week-to-close-books-ledge-month-end-close-time-cfo-three-day-close-myth-/746085/The Great Legacy Extinction: AI's $20T Takeover of Professional Services https://www.venrock.com/insights/insights-technology/the-great-legacy-extinction-ais-20t-takeover-of-professional-services/What Do You Think of the New PwC Logo? https://www.cpapracticeadvisor.com/2025/04/30/what-do-you-think-of-the-new-pwc-logo/159946/Big Four accounting firm PwC to slash about 1,500 jobs in the US https://www.reuters.com/sustainability/accounting-firm-pwc-cut-1500-us-jobs-ft-reports-2025-05-05/How are different accounting firms using AI? https://tax.thomsonreuters.com/blog/how-do-different-accounting-firms-use-ai/Customs Broker License Exam (CBLE)https://www.cbp.gov/trade/programs-administration/customs-brokers/license-examination-notice-examinationNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsREFRAME 2025 - http://accountingpodcast.promo/reframe2025Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is availa...

Could you spend years earning your CPA license only to be told you can't use it? In this episode, Mark Koziel, president of the AICPA, joins Blake and David to discuss the shocking trend of firms prohibiting CPAs from identifying themselves as such in emails, on business cards, and even on LinkedIn. Blake and David also explore the economic uncertainty created by Trump's tariff policies, with major corporations cutting costs and delaying investments. Plus, learn about Republican plans to eliminate the PCAOB, the wave of states creating alternative CPA pathways, and why Ramp could become the federal government's spend management platform.SponsorsOnPay - http://accountingpodcast.promo/onpayBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) Cloud Accountant Staffing - http://accountingpodcast.promo/casRoboDebit - http://accountingpodcast.promo/robodebitChapters(01:13) - Top News Stories of the Week (04:18) - Ramp's Ambitious Federal Government Plans (14:04) - Republican Plans to Scrap PCAOB (17:56) - Impact of Tariffs on Major Corporations (28:45) - IRS Leadership Changes (32:31) - Private Equity's New Accounting Firm (36:03) - CPA Pipeline Updates: Tennessee, Texas, and Indiana (37:46) - Republicans and the Millionaire Tax Idea (40:20) - Interview with Mark Koziel: CPA Title Controversy (01:06:36) - Fun Facts: The Cost of Replacing the Pope (01:08:43) - Earn Free CPE on Earmark  Show NotesTrump Team Eyes Politically Connected Startup to Overhaul $700 Billion Government Payments Programhttps://www.propublica.org/article/trump-peter-thiel-ramp-gsa-smartpay-expense-payment-system Big 4 Alum Start Their Own Thing Hoping Clients Want Something Different and Conflict-Freehttps://www.goingconcern.com/big-4-alum-start-their-own-thing-hoping-clients-want-something-different-and-conflict-free/ Texas passes CPA law as push to lower licensure barrier gains steamhttps://www.cfodive.com/news/broadening-cpa-licensure-paths-marching-beyond-150-hour-rule-accounting-talent-shortage/745282/ Draft bill would eliminate PCAOBhttps://www.accountingtoday.com/news/draft-bill-would-eliminate-pcaob-empower-sec Why The IRS Went Through 4 Acting Commissioners In 3 Monthshttps://abovethelaw.com/2025/04/why-the-irs-went-through-4-acting-commissioners-in-3-months/ 'Hard no': Millionaire tax hike proposal has House Republicans dividedhttps://www.foxnews.com/politics/hard-no-millionaire-tax-hike-proposal-has-house-republicans-divided Tariffs and global trade: The economic impact on businesshttps://www.mckinsey.com/capabilities/geopolitics/our-insights/tariffs-and-global-trade-the-economic-impact-on-business Firms with AI report higher per-employee revenuehttps://www.accountingtoday.com/news/firms-with-ai-report-higher-per-employee-revenue-vs-others The mysterious donor who paid for Pope Francis' funeralhttps://en.ara.cat/misc/the-mysterious-donor-who-paid-for-pope-francis-funeral_1_5357026.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsREFRAME 2025 - http://accountingpodcast.promo/reframe2025Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top o...

In this bonus episode, David teams up with Caleb and Zach from Oh My Fraud to unpack the 2016 film The Accountant. Together, they explore how Hollywood portrays forensic accounting, internal controls, and what happens when your auditor brings a thermos full of sniper parts.Connect with David and Caleb https://www.linkedin.com/in/davidlearyhttps://www.linkedin.com/in/calebnewquistOh My Fraud Episodes mentioned in this episode https://ohmyfraud.com/episodes/the-fraud-came-first-remembering-crazy-eddie-with-gary-weisshttps://ohmyfraud.com/episodes/meet-the-fraudster-nathan-muellerhttps://ohmyfraud.com/episodes/blow-the-whistle-with-jason-zuckerman-and-matt-stockNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Could AI be doing a day's work in just minutes for accountants? In this episode, Blake and David explore how accounting technology is revolutionizing traditional workflows, from Xero's new AI protocol that connects chatbots directly to accounting data, to Google's game-changing "I" function in Sheets that lets you analyze data with natural language. You'll discover why deep research tools might replace entire teams of analysts and why revealing your AI usage might actually hurt your professional reputation. Plus, hear about unusual recession indicators (men's underwear sales are down!), what Americans consider financial success versus reality, and why accountants everywhere are buzzing about Baker Tilly's merger with Moss Adams. Whether you're curious about automating journal entries or simply wondering if you should disclose your AI wizardry, this episode delivers practical insights for the modern finance professional.SponsorsPayhawk - http://accountingpodcast.promo/payhawkRelay - http://accountingpodcast.promo/relayCloud Accountant Staffing - http://accountingpodcast.promo/casRoboDebit - http://accountingpodcast.promo/robodebitChapters(00:00) - Introduction and Podcast Overview (00:39) - App News and Intuit Updates (07:53) - Intuit's AI and Bitcoin Controversy (11:10) - Xero Innovations (20:16) - Paychex Acquires Paycor (21:11) - Flowcast's AI Agents (25:17) - Pipe Acquires Glean AI (26:28) - Google Sheets AI Formula (34:30) - Google Agent Space (42:29) - AI's Impact on High-Level Jobs (43:12) - Testing AI with Investment Analysis (44:25) - Mother Road Brewery Investment Evaluation (49:31) - Canva's New Sheets Feature (54:31) - Google's Monopoly and Data Breach News (58:22) - AI Disclosure in the Workplace (01:05:51) - Mega Merger of Accounting Firms (01:11:26) - Signs of a Recession (01:17:45) - Upcoming Events and CPE Opportunities  Show NotesAccelerating Money Innovation with Deserve Technology Platform and Talenthttps://www.intuit.com/blog/news-social/accelerating-money-innovation-with-deserve-technology-platform-and-talent/ WARNING: Quickbooks Checkinghttps://quickbooks.intuit.com/learn-support/en-us/banking/warning-quickbooks-checking/00/1516063 Green Dot considers sale as CEO exitshttps://www.paymentsdive.com/news/green-dot-citi-strategic-review-sale-ceo-exit-gresham/742096/ Intuit Enterprise Suite Spring update features more efficient multi-entity accounting, enhanced reporting, and morehttps://quickbooks.intuit.com/r/enterprise/intuit-enterprise-suite-spring-2025-release-notes/ Strive targets Intuit for Bitcoin buys after orange-pilling GameStophttps://cointelegraph.com/news/strive-targets-intuit-bitcoin-buys-after-gamestop Xero Rolls Out New "Reconcile Period" Featurehttps://insightfulaccountant.com/accounting-tech/general-ledger/xero-rolls-out-new-reconcile-period-feature/ Xero introduces new Model Context Protocol server for smarter accountinghttps://devblog.xero.com/xero-introduces-new-model-context-protocol-server-for-smarter-accounting-4d195ccaeda5 Paychex Acquires Paycor in $4.1 Billion Dealhttps://www.pymnts.com/acquisitions/2025/paychex-acquires-paycor-in-4-1-billion-deal/ Introducing FloQast AI Agents: Revolutionizing Accounting Automationhttps://www.floqast.com/blog/introducing-floqast-ai-agents-revolutionizing-accounting-automation Pipe Acquires Glean.ai to Add Spend Management to Suite of Embedded Financial Solutionshttps://pipe.com/resources/press-releases/pipe-acquires-glean-ai-to-add-spend-management-to-suite-of-embedded-financial-solutions​Google Sheets Introduces AI-Powered =AI() Formula for Enhanced Productivity​https://yourstory.com/2025/04/google-sheets-ai-formula-gemini Scale enterprise search and agent adoption with Google Agentspacehttps://cloud.google.com/blog/products/ai-machine-learning/google-agentspace-enables-the-agent-driven-enterprise Sarah Friar’s LinkedIn Post … https://www.linkedin.com/posts/sarah-friar_what-an-ai-powered-finance-function-of-the-activity-7259765674506399744-IKQD OpenAI CFO Sarah Friar: We are building a lot of IP down into the data center layerhttps://www.cnbc.com/video/2025/03/20/openai-cfo-sarah-friar-we-are-building-a-lot-of-ip-down-into-the-data-center-layer.html Introducing Visual Suite 2.0: Productivity, meet creativityhttps://www.canva.com/newsroom/news/canva-create-2025/ Department of Justice Prevails in Landmark Antitrust Case Against Googlehttps://www.justice.gov/opa/pr/department-justice-prevails-landmark-antitrust-case-against-google Dark Web Digest – Lessons Learned from the Wolters Kluwer Data Breachhttps://www.purevpn.com/blog/dark-web-digest-issue-4-wolters-kluwer/ New HEC Paris research suggests that shadow adoption of ChatGPT could benefit employees but not the firmshttps://www.hec.edu/en/news-room/new-hec-p...

What happens when a trade war meets bureaucratic red tape? In this episode, Blake and David dive into the explosive impact of 145% tariffs on Chinese goods and what it means for American businesses' bottom lines. Through real-world examples—from small retailers to tech giants like Apple—they break down how these policies could devastate supply chains and force difficult decisions for companies caught in the crossfire.Meanwhile, the Department of Government Efficiency is shaking up the IRS, transforming a login button change from a 103-day project into a 71-minute fix. But that's not all: CPAs at private equity-owned firms are now being told to remove their credentials from email signatures and LinkedIn profiles. Tune in to understand how these seemingly separate issues reflect larger battles over professional identity, government efficiency, and America's economic future.Sponsors RoboDebit - http://accountingpodcast.promo/robodebitCloud Accountant Staffing - http://accountingpodcast.promo/casBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) Chapters(01:40) - Weekly News Roundup (03:03) - IRS Updates and Controversies (03:59) - Private Equity and CPA Titles (05:08) - Government Efficiency and IRS Hackathon (20:08) - Tariffs and Trade Wars (29:19) - Impact of Tariffs on Businesses (47:55) - Economic Impact of Tariffs and Debt (48:48) - Trump Administration's Strategic Challenges (49:36) - Job Loss Projections Due to Tariffs (52:31) - China's Economic Transformation and Future (56:05) - Human Impact of US-China Trade Policies (01:00:10) - IRS Sharing Tax Information with Homeland Security (01:04:28) - Private Equity's Influence on CPA Firms (01:17:51) - Shopify's AI Hiring Policy (01:30:47) - Conclusion and Announcements  Show NotesDepartment of Government Efficiency – X posting on re-engineering a 103-day projecthttps://x.com/DOGE/status/1910067646827057152DOGE plans now reportedly include an IRS ‘hackathon’https://www.theverge.com/news/644327/musk-doge-irs-hackathon-taxpayer-data-transfer-cloudIRS Workers Get Final Chance to Take Deferred Resignation Offerhttps://www.cpapracticeadvisor.com/2025/04/07/irs-workers-get-final-chance-to-take-deferred-resignation-offer/158668/Appeals Court Clears Path for Trump to Resume Firing ...https://www.nytimes.com/2025/04/09/us/politics/trump-federal-workers-firing.htmlElon Musk Secretly Working to Rewrite the Social Security Codebase Using AIhttps://futurism.com/elon-musk-rewriting-social-security-code-aiPentagon hits Accenture, Booz Allen and Deloitte with contract cancellationshttps://www.nextgov.com/acquisition/2025/04/pentagon-hits-accenture-booz-allen-and-deloitte-contract-cancellations/404525/?oref=ng-homepage-riverHere’s the iPhone. Here’s the iPhone With Tariffs.https://www.wsj.com/tech/personal-tech/iphone-apple-tariffs-china-bb20c7a3Between tariffs and survival, American business owners are doing alarming mathhttps://www.npr.org/2025/04/07/nx-s1-5352833/trump-tariffs-china-manufacturing-businessesAt Home Group, Stung by Trade War, Explores Bankruptcyhttps://www.wsj.com/articles/at-home-group-stung-by-trade-war-explores-bankruptcy-853b9a83How Much Revenue Can Tariffs Really Raise for the Federal Government?https://taxfoundation.org/research/all/federal/universal-tariff-revenue-estimates/IRS agrees to share tax information of undocumented immigrants with Icehttps://www.theguardian.com/us-news/2025/apr/08/irs-ice-tax-dataActing IRS commissioner resigning after agency reaches data-sharing deal with immigration authoritieshttps://www.cnn.com/2025/04/08/politics/melanie-krause-acting-irs-commissioner-resigning/index.htmlAccounting firm that sold out to private equity is now requiring CPAs that work for them to stop using "CPA" on their personal LinkedIn and in email signatureshttps://www.reddit.com/r/Accounting/comments/1jx2338/accounting_firm_that_sold_out_to_private_equity/?rdt=47047Shopify CEO: No new hires, unless you prove AI can’t do the jobhttps://thehill.com/policy/technology/5239841-shopify-ceo-ai-first-hiringKPMG’s new AI bot has cut interview scheduling time by almost 60% and saved more than 1,000 hours for the talent acquisition teamhttps://finance.yahoo.com/news/kpmg-ai-bot-cut-interview-121831887.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Earmark Media Presents a bonus episode of Earmark Podcast:Join Blake Oliver as he interviews Yuri Kapilovich, a CPA who's cracked the code on balancing work and life in accounting. Discover how Yuri maintains a thriving practice while working just 10-15 hours per week outside tax season and a maximum of 40 hours during crunch time. Learn actionable strategies for setting the right fees, optimizing workflows, and prioritizing fun and family without sacrificing success. Yuri will share his insights on transforming accounting from a grueling profession into an enjoyable and rewarding career. This webinar will equip you with practical tools to revolutionize your work-life balance and rediscover the joy in accounting. Don’t miss this opportunity to make your career more fulfilling and efficient!(Originally recorded on December 4, 2024, on Earmark Webinars+)Meet Our Guest, Yuri KapilovichLinkedIn: https://www.linkedin.com/in/ykapilovich/Learn more about The Fun CPAhttps://www.thefuncpa.co/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Could AI-generated fake receipts upend expense reporting as we know it? In this eye-opening episode, Blake and David demonstrate live how easy it's becoming to create convincing financial documents with AI—from receipts to audit opinions. They break down why Trump's new "reciprocal" tariffs aren't what they seem (complete with meaningless Greek symbols) and how they're already triggering market turbulence. You'll also learn why the federal government is ending paper checks by September, potentially saving hundreds of millions while reducing fraud by 16x. Plus, discover why Signal might be the most secure messaging option for your sensitive client communications. Whether you're concerned about fraud detection, economic impacts on your clients, or evolving professional standards, this episode delivers practical insights for navigating today's rapidly changing landscape.SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/casBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)Chapters(02:49) - Implications of AI-Generated Receipts (05:23) - Sponsor Acknowledgements and Livestream Interaction (06:15) - Deep Dive into Trump's Tariffs (09:27) - Economic Impact of Tariffs (22:57) - Creating Fake Receipts with AI (37:01) - Signal App and Secure Communication for Accountants (42:22) - Corporate Espionage and Fraud Cases (47:23) - Generating a Fake Audit Report with AI (52:19) - Discussing Douglas Edelman's Tax Evasion (56:33) - Deloitte Layoffs Due to Federal Crackdown (01:00:14) - Mandating Electronic Federal Tax Transactions (01:10:08) - IRS and ICE Coordination on Unauthorized Immigrants (01:13:34) - Alternative Pathways to Becoming a CPA (01:20:24) - Critique of Big Four Accounting Firms (01:28:01) - Upcoming Events and New Content on Earmark  Show NotesChatGPT’s new image generator is really good at faking receiptshttps://techcrunch.com/2025/03/31/chatgpts-new-image-generator-is-really-good-at-faking-receipts/ Markets Swing Wildly After Trump Holds His Ground on Tariff Planhttps://www.wsj.com/livecoverage/stock-market-trump-tariffs-trade-war-04-07-25 Trump’s Reciprocal Tariff Calculations Are Nonsense, Will Punish Mutually Beneficial Tradehttps://taxfoundation.org/blog/trump-reciprocal-tariffs-calculations/ Stellantis to temporarily lay off 900 US workers as tariffs bitehttps://www.reuters.com/business/autos-transportation/stellantis-says-will-temporarily-lay-off-900-us-workers-following-tariff-2025-04-03 Modernizing Payments To and From America’s Bank Accounthttps://www.whitehouse.gov/presidential-actions/2025/03/modernizing-payments-to-and-from-americas-bank-account/ The Trump Administration Accidentally Texted Me Its War Planshttps://www.theatlantic.com/politics/archive/2025/03/trump-administration-accidentally-texted-me-its-war-plans/682151/ @parkerconrad Tweet: Rippling sued @Deel today … https://x.com/parkerconrad/status/1901615179718406276 Scoop: Fashion startup accuses founder of misconduct, after raising $534 millionhttps://www.axios.com/2025/03/31/scoop-caastle-founder-hunsicker-misconduct​The $7 Billion Defense Contractor Who Became One of America’s Biggest Alleged Tax Cheatshttps://www.wsj.com/us-news/law/douglas-edelman-alleged-tax-fraud-who-ee65ea61 Deloitte is planning layoffs after a federal crackdown on consulting contractshttps://finance.yahoo.com/news/deloitte-planning-layoffs-federal-crackdown-063253531.html DOGE’s private contract crackdown has eliminated more than 120 Deloitte contracts—more than twice the amount of any other consultancyhttps://fortune.com/2025/04/03/doge-private-contract-crackdown-deloitte-consultancies/ Probationary IRS workers will be back to work before Tax Day: Trial Balancehttps://www.cfo.com/news/probationary-irs-workers-will-be-back-to-work-before-tax-day-trial-balance/744419/IRS sharing info with ICE would put illegal immigrants between 'rock and a hard place': experthttps://www.yahoo.com/news/irs-sharing-ice-put-illegal-130026839.html Georgia, Indiana join growing band of states to pass CPA licensure lawshttps://www.cfodive.com/news/georgia-joins-growing-band-states-pass-cpa-licensure-laws-accounting-talent-shortage/744384/ I Quit my Big 4 Accounting Job to Fry Chicken and Will Never Go Back …https://www.businessinsider.com/quit-big-four-accounting-fry-chicken-never-go-back-2025-4 Local firm slashes staff starting salarieshttps://www.accountingtoday.com/opinion/local-firm-slashes-staff-starting-salariesNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a fa...

What happens when tax enforcement weakens? With 17% of millennials considering skipping their tax filing altogether, Blake and David dig into how IRS budget cuts might impact compliance and revenue. They analyze fascinating survey data revealing what taxpayers truly value when choosing between professional preparation and free options like Direct File. Plus, discover the accounting scandal forcing Financial Times to retract its Tesla analysis, exposing how GAAP complexity confounds even financial experts. You'll also learn why three major US cities face billion-dollar budget holes and the disturbing revelation that duplicate Medicaid payments are costing taxpayers billions—all while Tether still can't produce an audit after ten years of promises.Sponsors Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) TeamUp - http://accountingpodcast.promo/teamup RightWorks- http://accountingpodcast.promo/rightnow2025Chapters(00:00) - Introduction and Podcast Overview (00:42) - Top Stories of the Week (02:27) - Sponsor Messages and Event Announcements (04:52) - Interview with Christina Ho on PCAOB (07:57) - Discussion on IRS Cuts and Tax Compliance (19:44) - Survey on IRS Direct File (28:21) - AI's Impact on Tax Professionals (29:14) - Discrepancies in Tax Software Results (30:08) - Public Opinion on Tax Filing Services (31:23) - Challenges for Tax Professionals (33:56) - LA's Budget Crisis (37:41) - Federal Government Spending Issues (38:45) - Medicaid Duplicate Payments Scandal (47:12) - Tether's Audit Controversy (51:55) - Tesla's Financial Discrepancies (57:33) - Big Four Transparency Rankings (59:24) - Conclusion and Farewell  Show NotesTax Revenue Could Drop by 10 Percent Amid Turmoil at IRShttps://www.washingtonpost.com/business/2025/03/22/irs-tax-revenue-loss-federal-budget/ Survey: Some Americans Might Roll the Dice on Not Filing Their Taxes This Year Due to IRS Job Cutshttps://www.cpapracticeadvisor.com/2025/03/26/survey-some-americans-might-roll-the-dice-on-not-filing-their-taxes-this-year-due-to-irs-job-cuts/157877/ Most Americans Are Interested in Using IRS Direct File to Prepare and File Their Taxeshttps://taxpolicycenter.org/briefs/most-americans-are-interested-using-irs-direct-file-prepare-and-file-their-taxes TurboTax vs Free Tax USA: A Shocking Price Comparison https://www.tiktok.com/@carolinesadventure/video/7482613418801859870 Survey: 91% of Americans Think Filing Taxes Should Be Freehttps://www.cpapracticeadvisor.com/2025/03/11/survey-91-of-americans-think-filing-taxes-should-be-free/157176/ Why you should think twice before claiming an income-tax extension. ‘This is not the year to do your normal procrastinating.’https://www.marketwatch.com/story/why-you-should-think-twice-before-claiming-an-income-tax-extension-this-is-not-the-year-to-do-your-normal-procrastinating-89937e0d LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffshttps://www.bloomberg.com/news/articles/2025-03-20/la-faces-1-billion-budget-hole-warning-thousands-of-layoffs WSJ investigation: Medicaid paid health insurers billions by covering the same patients twicehttps://www.risehealth.org/insights-articles/wsj-investigation-medicaid-paid-health-insurers-billions-by-covering-the-same-patients-twice/ Tether seeks Big Four firm for its first full financial audit — Reporthttps://cointelegraph.com/news/stablecoin-issuer-tether-big-four-firm-full-reserve-audit-report Financial Times retracts report on Tesla’s alleged shady accountinghttps://www.teslarati.com/financial-times-retracts-report-tesla-shady-accounting/ The Big 4 Transparency Accounting Awardshttps://big4transparency.beehiiv.com/p/the-big-4-transparency-accounting-awards Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.y...

Blake and David dive straight into the headlines, starting with the controversial IRS workforce cuts and their potential impact on tax collections. They examine corporate espionage allegations between payroll companies Rippling and Deel, including a complex web of legal battles, Russian connections, and political involvement, and go on to discuss how AI is rapidly improving at handling longer tasks. All this and much more, right now!SponsorsRightWorks- http://accountingpodcast.promo/rightnow2025 (use code TAP15 for 15% OFF)TeamUp - http://accountingpodcast.promo/teamupBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)  Chapters(00:31) - Exciting Stories and Headlines (03:07) - Live Stream Shoutouts (05:08) - Earmark Podcast and CPE Credits (10:56) - IRS Workforce Cuts and Tax Gap (30:13) - Rippling vs. Deel Espionage Saga (41:20) - Evolve Bank and Trust Controversies (42:39) - Rippling and Deal Lawsuit Drama (42:57) - Political Connections and Scandals (44:31) - The Future of AI in Accounting (46:36) - AI Performance and Moore's Law (50:42) - AI's Impact on Accounting Tasks (54:43) - Live Demonstration with Claude AI (01:08:27) - The Future of Accountants in an AI World (01:20:45) - Conclusion and Upcoming Events  Show Notes7,000 IRS workers ‘reinstated’ — but not yet returning to workhttps://www.journalofaccountancy.com/news/2025/mar/7000-irs-workers-reinstated-but-not-yet-returning-to-work/ IRS Retreats From Some Audits as Agency Slashes Workforcehttps://www.wsj.com/politics/policy/internal-revenue-service-doge-taxes-f00ac956 Opinion | With IRS cuts, DOGE would lose far more money ...https://www.washingtonpost.com/opinions/2025/03/13/doge-irs-cuts-tax-revenue/ Former Defense Contractor and his Wife Indicted for Evading U.S. Taxes on Profits from Selling Jet Fuel to the U.S. Militaryhttps://www.irs.gov/pub/irs-ci/j5-media-release-7-3-2024.pdf Lawsuit Alleges $12 Billion "Unicorn" Deel Cultivated Spy, Orchestrated Long-Running Trade-Secret Theft & Corporate Espionage Against Competitorhttps://www.rippling.com/blog/lawsuit-alleges-12-billion-unicorn-deel-cultivated-spy-orchestrated-long-running-trade-secret-theft-corporate-espionage-against-competitor IRS in Crisis: Tax Professionals Bear the Brunthttps://cpatrendlines.com/2019/02/26/taxpayer-advocate-lambastes-irs/ Measuring AI Ability to Complete Long Taskshttps://metr.org/blog/2025-03-19-measuring-ai-ability-to-complete-long-tasks/ Earmark Podcast – Ep. 87 - How to Use AI to Analyze Data and Draft Financial Reports in Minuteshttps://share.transistor.fm/s/c86818f5 Earmark’s Screening of The Accountant 2https://www.eventbrite.com/e/screening-of-the-accountant-2-tickets-1225264421869?aff=EarmarkAppNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsREFRAME 2025 - http://accountingpodcast.promo/reframe2025Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Is the CPA exam fundamentally flawed? With FAR section pass rates plummeting to a 15-year low of 36% and a staggering 40-point gap between discipline section pass rates, something isn't adding up. Dr. Josh McGowan of Troy University joins Blake Oliver to dissect these troubling statistics and explore how the 2024 CPA Evolution model may be inadvertently pushing candidates toward "easier" disciplines. They tackle the growing movement to drop the 150-hour requirement and propose a provocative solution: splitting the credential into specialized tax and financial/audit pathways. Whether you're preparing for the exam or leading a firm, this conversation reveals how accounting's licensing system might finally evolve beyond its one-size-fits-all approach.Meet Our Guest, Dr. Josh McGowan, CPALinkedIn: https://www.linkedin.com/in/dr-josh-mcgowan-cpa-503846b7/X: https://x.com/Jmcgowan3838Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

This week on the pod: Judge orders 6 agencies (including IRS?) to rehire fired probationary workers, we dig into the tax trick Dr. Oz used to pay no Medicare taxes, AICPA in pointless talks with the IRS, Digits takes on QuickBooks with AI-powered GL, remote accounting jobs in retreat, and more!SponsorsOnPay - http://accountingpodcast.promo/onpayRelay - http://accountingpodcast.promo/relay RightWorks- http://accountingpodcast.promo/rightnow2025 (use code TAP15 for 15% OFF)Chapters(01:29) - Listener Feedback and Criticism (02:37) - Political Discussions and Their Impact on Accounting (12:34) - IRS Workforce Cuts and Technology Issues (20:44) - Dr. Oz and the Limited Partner Tax Strategy (33:15) - Viewer Comments and AI Discussion (33:56) - Digits and AI (52:29) - Remote Accounting Jobs: Trends and Insights (58:32) - Deloitte's Audit Integrity (01:02:01) - IRS Drama: Chief Counsel Clash (01:03:11) - Podcast Wrap-Up and Listener Engagement  Show NotesDr. Mehmet Oz may have underpaid Medicare and Social Security taxes, Senate Democratic memo findshttps://www.nbcnews.com/politics/congress/dr-mehmet-oz-medicare-social-security-taxes-democrats-memo-rcna196237 DOGE proposes cutting IRS workforce by a total of nearly 20%https://www.cnn.com/2025/03/13/politics/doge-irs-workforce-cuts-downsizing/index.html Judge orders Trump administration to reinstate thousands of fired employees at VA, Defense Department and other agencieshttps://www.cnn.com/2025/03/13/politics/judge-opm-probationary-employees-fired-hearing/index.html AICPA CEO Releases Statement on IRS Services for this Tax Seasonhttps://www.aicpa-cima.com/news/article/aicpa-ceo-releases-statement-on-irs-services-for-this-tax-season Introducing Autonomous General Ledgerhttps://digits.com/blog/agl-announcement/ Building AI that Actually Works: 10 Key Lessons from Calendly’s CPO and Head of UXhttps://www.saastr.com/10-key-lessons-from-calendlys-cpo-and-head-of-ux-on-building-ai-that-actually-works/ Only 9% of SMB finance teams are still working fully remotehttps://www.cfo.com/news/only-9-of-small-medium-SMB-cfos-are-still-working-fully-remote-return-to-office-strategies/740312/ Opportunity to Attract and Retain Highly Motivated Working Parents via Enhanced Flexibility, Stronger Support Systemshttps://kpmg.com/us/en/media/news/kpmg-working-parents-survey-2025.html Steak n Shake's parent company gets an adverse opinion from auditorhttps://www.expressnews.com/business/article/steaknshake-biglari-auditor-adverse-opinion-20204740.php The IRS just demoted its chief counsel who clashed with Elon Musk’s DOGEhttps://fortune.com/2025/03/13/irs-chief-counsel-doge-elon-musk/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

How does a profession revitalize itself when salaries haven't budged since 2007? In this episode, Blake and David examine the shocking reality that Big Four audit associates in Chicago earn the same salary range today as they did nearly two decades ago. They also explore why accounting's value proposition has stagnated in a world where financial statements fail to capture what truly matters to modern investors, and you'll hear their take on the IRS's plan to cut 50% of its workforce, Social Security's future, and the economic impact of tariffs—including a surprising clip from Ronald Reagan himself. Plus, learn how over 30 states are now advancing legislation to eliminate the 150-hour rule that has long been blamed for declining CPA candidates.SponsorsOnPay - http://accountingpodcast.promo/onpayBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) RightWorks- http://accountingpodcast.promo/rightnow2025 (use code TAP15 for 15% OFF)Chapters(00:49) - BOI Reporting Requirements Halted (02:00) - Impact of BOI Reporting Suspension (05:12) - IRS Layoffs and Their Implications (11:56) - Reagan's Take on Tariffs (15:58) - Trump's Tariffs and Fentanyl Production (19:59) - OnPay Updates (24:50) - Economic Optimism Among CPAs (27:10) - Strategic Crypto Reserve (30:30) - Elon Musk on Social Security (37:49) - Earmark Webinar Highlights on CPA Licensure Changes (40:17) - Audit Associate Salary Stagnation (43:32) - CPA Supervision and Work Experience Challenges (44:48) - Audit Quality and Firm Economics (47:46) - Intangible Assets and Financial Reporting (01:00:11) - Expense Card Industry Updates (01:05:34) - US Debt and Economic Power  Show Notes The IRS Is Reportedly Planning to Cut Up to 45,000 Workers — Half of Its Workforcehttps://www.entrepreneur.com/business-news/irs-planning-mass-layoffs-cutting-half-of-workforce-report/487974 President Reagan's Radio Address on Free and Fair Trade on April 25, 1987https://www.youtube.com/watch?v=5t5QK03KXPc Trump’s Tariffs Set Off Day of Anger, Retaliation and Market Uneasehttps://www.nytimes.com/live/2025/03/04/us/tariffs-us-canada-mexico-china Domestic economic sentiment declines 20 percentage points among CPA execshttps://www.journalofaccountancy.com/news/2025/mar/domestic-economic-sentiment-declines-20-percentage-points-among-cpa-execs.html Trump signs order to establish strategic bitcoin reservehttps://www.reuters.com/technology/trump-signs-order-establish-strategic-bitcoin-reserve-white-house-crypto-czar-2025-03-07/ Fact Sheet: President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpilehttps://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-establishes-the-strategic-bitcoin-reserve-and-u-s-digital-asset-stockpile/ Elon Musk's Social Security Comments Called Out by Former Administratorhttps://www.newsweek.com/elon-musk-social-security-comments-ponzi-scheme-martin-omalley-2042006 85% of Americans Willing to Raise Taxes to Save Social Security, Survey Showshttps://finance.yahoo.com/news/85-americans-willing-raise-taxes-133018876.html Erica Goode’s LinkedIn Post on Salary Declineshttps://www.linkedin.com/posts/erica-goode-cpa-00205616_thisindustry-icanteven-activity-7300526290778869762-hqph/ Will Debt Sink the American Empire?https://www.wsj.com/politics/policy/will-debt-sink-the-american-empire-8459096b FASB Requests Feedback Related to Intangible Assetshttps://dart.deloitte.com/USDART/home/news/all-news/2024/dec/fasb-invitation-to-comment-intangible-assets Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podch...

What happens when political changes collide with tax enforcement? In this revealing conversation, former IRS revenue agent Jeff Johnson shares his firsthand account of being caught in the recent mass layoffs at the IRS. Having just completed seven months of intensive training, Jeff was among 7,000 probationary employees suddenly terminated as part of a broader federal workforce reduction initiative.Jeff pulls back the curtain on the agency's antiquated systems—including 1960s COBOL programming and cryptic green screens that revenue agents must master—and explains why these cuts could mean fewer audits of non-compliant taxpayers. You'll hear how experienced professionals who left established careers to serve at the IRS were dismissed with minimal notice and why this might be just the beginning of a much more significant reduction targeting up to half of the agency's 90,000 workforce.Meet Our Guest, Jeff JohnstonLinkedIn: http://www.linkedin.com/in/jon-jeffery-johnston-6812875Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

What happens when the US government considers creating a cryptocurrency reserve? In this episode, Blake and David dive into Trump's surprising announcement about establishing a crypto strategic reserve and the immediate market reaction. They explore this proposal's potential consequences and skepticism, from security vulnerabilities to valuation challenges.You'll also hear about PwC Israel's $2.8 million fine for exam cheating, Connecticut's push to create alternative CPA licensure pathways, and how accounting firms are expanding into legal services. They also dissect the outcry over federal employees being asked to submit weekly accomplishment reports and break down Citigroup's jaw-dropping $81 trillion transfer error caused by poor software design.Whether you're tracking regulatory changes, interested in the evolution of professional services firms, or simply fascinated by the intersection of finance and technology, this episode delivers insights into the forces reshaping the accounting profession today.Sponsors Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)  RightWorks- http://accountingpodcast.promo/rightnow2025 (use code TAP15 for 15% OFF)CPA.com - http://accountingpodcast.promo/cpaChapters(00:00) - Introduction and Welcome (00:29) - Crypto's Legitimacy and Trump's Announcement (01:44) - Crypto Market Reactions and Speculations (04:07) - Personal Updates and Hiking Adventure (05:36) - Crypto Reserve Concerns and Security Issues (08:00) - PWC Fined for Cheating Scandal (11:42) - Top Collegiate Accounting Programs (16:52) - FinCEN and Beneficial Ownership Reporting (17:59) - Fyre Festival 2 Announcement (20:46) - CPA Licensure Pathways and Reforms (25:33) - Accounting Firms Expanding into Legal Services (31:53) - Consulting Firms and Government Contracts (37:38) - Government Spending and Nonprofits (38:57) - Consulting Costs and Middlemen (41:26) - The Penny Debate (43:01) - Federal Employee Accountability (59:54) - Elon Musk's OpenAI Offer (01:04:58) - Citigroup's $81 Trillion Error (01:08:44) - Self-Driving Cars and AI (01:11:19) - Conclusion and CPE Message  Show NotesTrump names cryptocurrencies in strategic reserve, sending prices uphttps://www.reuters.com/world/us/trump-says-cryptocurrency-strategic-reserve-includes-xrp-sol-ada-2025-03-02/ Crypto's biggest hacks and heists after $1.5 billion theft from Bybithttps://www.reuters.com/technology/cybersecurity/cryptos-biggest-hacks-heists-after-15-billion-theft-bybit-2025-02-24/ PCAOB Sanctions PwC Israel for Quality Control Violations Related to Widespread Improper Answer Sharinghttps://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-sanctions-pwc-israel-for-quality-control-violations-related-to-widespread-improper-answer-sharing CPA Success Index: Ranking the top collegiate accounting programshttps://www.accountingtoday.com/opinion/cpa-success-index-ranks-top-collegiate-accounting-programs FinCEN Not Issuing Fines or Penalties in Connection with Beneficial Ownership Information Reporting Deadlineshttps://www.fincen.gov/news/news-releases/fincen-not-issuing-fines-or-penalties-connection-beneficial-ownership Fyre Festival 2 tickets are on sale for up to $1.1 million after founder served prison time for defrauding investors of the first eventhttps://fortune.com/2025/02/26/fyre-festival-2-tickets-billy-mcfarland-prometheus-pass-music-lineup/ Progress: Tracking the conversation in all licensing jurisdictionshttps://www.mncpa.org/involvement/legislative/broadening-pathways-to-cpa/national/ Aprio Aims to Enter Legal Industry by Combining with Law Firm in Arizonahttps://www.cpapracticeadvisor.com/2025/02/13/aprio-aims-to-enter-legal-industry-by-combining-with-law-firm-in-arizona/156043/ McKinsey Estimates Advisor Shortage of 100,000 by 2034https://www.wealthmanagement.com/wealth-management-industry-trends/mckinsey-estimates-advisor-shortage-of-100-000-by-2034 Saudi Wealth Fund Blocks PwC from Advisory Work for One Yearhttps://www.bloomberg.com/news/articles/2025-02-28/saudi-wealth-fund-blocks-pwc-from-advisory-work-for-one-year A message from SecVA Doug Collinshttps://www.youtube.com/watch?v=r8Z_RkqSAzo Everyone Hates Pennies, Except This Guyhttps://www.wsj.com/business/mark-weller-penny-defender-trump-d543a9de?mod=business_lead_pos1 Federal workers get a new email demanding their accomplishmentshttps://www.npr.org/2025/03/01/g-s1-51490/federal-workers-new-email-accomplishments Fact Sheet: President Donald J. Trump Proceeds with Tariffs on Imports from Canada and Mexicohttps://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-proceeds-with-tariffs-on-imports-from-canada-and-mexico/ Sam Altman Rejects Elon Musk’s Offer To Buy OpenAI Control—And Mocks Xhttps://www.forbes.com/sites/mollybohannon/2025/02/10/sam-altman-rejects-elon-musks-offer-to-buy-openai-control-and-mocks-x/ Former U.S. Senator Robert M...

Billions in federal funds for nonprofits were abruptly frozen by the Trump administration, leaving organizations scrambling to stay afloat. Blake speaks with Jerilyn Dressler and Harriet "Hatsy" Cutshall from YPTC about how these freezes disrupted essential services, the complex flow of federal grants, and the rigorous compliance requirements nonprofits must meet. With a judge ordering the funds to be reinstated, they discuss what’s next for nonprofits and the ongoing challenges of government funding oversight.Meet Our Guests: Jerilyn Dressler, CPA : https://www.linkedin.com/in/jerilynkeitdresslercpacfeHarriet "Hatsy" Cutshall, CPA : https://www.linkedin.com/in/hatsycutshallcpa-yptcGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Dr. Jack Castonguay, CPA and Hofstra University professor, provides a critical analysis of proposed legislation to create a Strategic Bitcoin Reserve. He challenges the notion that the government should invest taxpayer money in a highly volatile, speculative asset that lacks the practical applications of traditional reserves like oil or foreign currencies. The discussion explores concerns about buying at record-high prices, the unknown identities of Bitcoin holders, and the potential risks of states allocating public funds to cryptocurrency investments.Meet Our Guest, Jack Castonguayhttps://www.linkedin.com/in/jack-castonguay-phd-cpahttps://www.hofstra.edu/faculty-staff/faculty-profile.html?id=6751Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

This episode originally appeared on the Earmark Podcast. Listen and subscribe at https://podcast.earmarkcpe.com.Erica Goode, CPA, reveals how she built a thriving $200K accounting firm working just 15 hours a week. Discover the power of niching, efficient processes, and work-life balance in this candid discussion. Erica will share her journey from corporate burnout to entrepreneurial success, offering practical insights on pricing strategies, time management, and building authority in your niche. Whether you're considering starting your own firm or optimizing your existing practice, this webinar will inspire and equip you to reimagine what's possible in your accounting career.Get CPE for this episode here: https://www.earmark.app/c/1802Show NotesThe 15-Hour Accounting eBook:https://mailchi.mp/ericagoode/15-hr-accountant-ebookMeet Our Guest, Erica GoodeLinkedIn: https://www.linkedin.com/in/erica-goode-cpa-00205616/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Is the U.S. heading toward a financial cliff? In this eye-opening episode, Blake and David unpack the Government Accountability Office's sobering projection that federal debt will double the size of the economy by 2047. While exploring recent DOGE initiatives and IRS layoffs, they examine whether drastic government spending cuts are inevitable—and necessary.Meanwhile, Virginia and Tennessee join the growing movement to reform CPA licensure requirements by offering pathways that don't require 150 credit hours. Could these changes be the key to increasing diversity more effectively than corporate DEI programs?You'll also discover why the $400 million PCAOB budget might be on the chopping block, how AI research tools like Perplexity Deep Research are revolutionizing tax research, and get the latest update on the ever-shifting BOI reporting deadlines. Whether you lean left, right, or stay strictly in the debits and credits, this episode offers practical insights for navigating the changing professional landscape.SponsorsOnPay - http://accountingpodcast.promo/onpayCPA.com - http://accountingpodcast.promo/cpaBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)Chapters(02:16) - Apologies and Clarifications (04:37) - IRS Layoffs and Government Spending (05:32) - Live Stream Interactions and Sponsorships (06:47) - Federal Debt and Fiscal Health (16:58) - BOI Reporting Deadline Extension (19:05) - Deloitte's DEI Changes (23:26) - CPA Licensure Pathways (28:37) - DOGE Dividend Proposal (33:14) - Social Security and Medicare Funding Challenges (35:40) - Impact of IRS Layoffs (38:13) - Audit Rates and Tax Compliance (42:16) - Regulatory Burdens and Economic Growth (51:50) - PCAOB and Audit Quality (59:54) - AI in Tax Research (01:05:38) - Listener Engagement and Final Thoughts  Show NotesGAO-24-106987, The Nation's Fiscal Healthhttps://www.gao.gov/assets/d24106987.pdf Corporate Transparency Act Enforcement Injunction Stayed, FinCEN Extends the Beneficial Ownership Information Reporting Deadline to March 21, 2025, and Announces Intention to Revise the Reporting Rulehttps://www.sidley.com/en/insights/newsupdates/2025/02/corporate-transparency-act-enforcement-injunction-stayed Trump Demands Apple Ditch DEI After It Rejects Proposal: Here Are All The Companies Cutting Diversity Programshttps://www.forbes.com/sites/conormurray/2025/02/26/trump-demands-apple-ditch-dei-after-it-rejects-proposal-here-are-all-the-companies-cutting-diversity-programs/ Breaking down Virginia's new CPA requirements: What you need to knowhttps://www.blakeoliver.com/blog/breaking-down-virginias-new-cpa-requirements-what-you-need-to-know Virginia General Assembly passes legislation widening pathways to CPA licensure effective Jan. 1, 2026https://boa.virginia.gov/2025/02/virginia-general-assembly-passes-legislation-widening-pathways-to-cpa-licensure-effective-jan-1-2026/ Bridging the Gap: New CPA Licensure Legislation To Address the CPA Shortagehttps://www.tscpa.com/news/1490-bridging-the-gap-new-cpa-licensure-legislation-to-address-the-cpa-shortage $5,000 DOGE check? Trump backs idea to send some savings to Americanshttps://www.fox9.com/news/5000-doge-dividend-check-trump-backs-savings-americans IRS plans to lay off 7,000 probationary workers beginning Thursday, AP source sayshttps://apnews.com/article/irs-layoffs-trump-elon-musk-doge-df2b3c8d53ff9f2d276c8b29f8004dde AICPA CEO Mark Koziel on the Future of Accounting Under the Trump Administrationhttps://www.nysscpa.org/news/publications/the-trusted-professional/article/aicpa-ceo-mark-koziel-on-the-future-of-accounting-under-the-trump-administration-021225 Perplexity Unveils Deep Research: AI-Powered Tool for Advanced Analysishttps://www.infoq.com/news/2025/02/perplexity-deep-research/ TaxGPT Raises $4.6M to Build the First AI Tax Co-Pilot for Accounting and Tax Firmshttps://www.taxgpt.com/blog/taxgpt-raises-4-6m-to-build-the-first-ai-tax-co-pilot-for-accounting-and-tax-firms DeepSeek on par with GPT, Claude, Llama for accountinghttps://www.accountingtoday.com/news/deepseek-on-par-with-gpt-claude-llama-for-accounting Secure your Intuit Account and prevent lockout with extra verification methodshttps://quickbooks.intuit.com/learn-support/en-us/help-article/security-risk/verify-account-multi-factor-authentication/L2Xp0GNiT_US_en_US Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and ...

Today, Blake and David dive into the controversy surrounding DOGE's withholding federal funds and gaining access to Treasury payment systems. They also examine AICPA's move away from the 150-hour requirement and Adobe's misguided tax document advice. All this and much more, right now!SponsorsCPA.com - http://accountingpodcast.promo/cpaRelay - http://accountingpodcast.promo/relayCloud Accountant Staffing - http://accountingpodcast.promo/casRho - http://accountingpodcast.promo/rhoChapters(00:00) - Welcome to The Accounting Podcast (00:54) - Chaos Created by Doge (01:32) - Top Stories of the Week (02:17) - Listener Mail and Additional Topics (05:09) - Live Stream Interaction (06:42) - DOJ and Treasury Payment Freeze (17:40) - Young Engineers at DOJ (24:15) - Automation Features for Seamless Transactions (24:44) - Addressing Viewer Questions on Treasury Policies (25:34) - Debate on Federal Fund Vetting and Spending (27:57) - Government Bureaucracy and Political Battles (33:31) - The Role of Young Auditors in Government Agencies (40:38) - Adobe's Tax Tips: Helpful or Harmful? (43:54) - Final Thoughts on Government Efficiency and Partisanship  Show NotesNASBA and the AICPA Propose an Alternative Path to CPAhttps://www.cpajournal.com/2025/01/24/nasba-and-the-aicpa-propose-an-alternative-path-to-cpa/#google_vignette “DOGE” Access to Treasury Payment Systems Raises Serious Riskshttps://www.cbpp.org/research/federal-budget/doge-access-to-treasury-payment-systems-raises-serious-risks Governor Shapiro Files Lawsuit Challenging Trump Administration’s Unconstitutional Federal Funding Freeze in Order to Protect Pennsylvania Interestshttps://www.pa.gov/governor/newsroom/2025-press-releases/gov-shapiro-files-lawsuit-trump-admin-unconstitutional-federal-f.html Craig Hausz Tweet on a client’s tax return delayhttps://x.com/CPATaxTeam/status/1890096888549912704 Federal judge partially blocks DOGE’s access to Treasury financial systemshttps://fedscoop.com/judge-blocks-treasury-payments-systems-from-doge/ Taxing times: New Adobe Acrobat survey reveals taxpayer stressors and solutions for making filing easierhttps://blog.adobe.com/en/publish/2025/02/20/taxing-times-new-adobe-acrobat-survey-reveals-taxpayer-stressors-solutions-for-making-filing-easier Are Deloitte UK & Deloitte US Doing DEI Differently?https://sustainabilitymag.com/articles/are-deloitte-uk-and-us-doing-dei-differentlyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David tackle several key accounting industry developments, including a surprising 12% increase in undergraduate accounting enrollment and ongoing debates about IRS staffing and operations. They explore the potential impact of changes to Illinois's 150-hour CPA licensing rule, examine Elon Musk's controversial claims about government spending, and share insights about AI advancements in accounting firms.SponsorsOnPay - http://accountingpodcast.promo/onpayKeeper - http://accountingpodcast.promo/keeperCloud Accountant Staffing - http://accountingpodcast.promo/casRho - http://accountingpodcast.promo/rhoChapters(00:00) - Welcome to The Accounting Podcast (03:37) - Government Employee Buyout Offer Update (09:24) - Undergraduate Accounting Enrollment Surge (12:38) - Illinois Proposes New CPA Pathways (14:25) - Elon Musk and IRS Direct File Controversy (18:16) - Doge's Access to Treasury Systems (26:53) - Tax Exemption on Tips: A Double-Edged Sword (30:19) - The Hidden Costs of Automation (38:03) - AI in Accounting: Current Innovations (47:03) - BDO Lawsuit: Inflated Revenues and ESOP (50:57) - Closing Remarks and Announcements  Show NotesIRS Confirms Filing Season, Taxpayer Advocate Staff Exempted From Buyouthttps://tax.thomsonreuters.com/news/irs-confirms-filing-season-taxpayer-advocate-staff-exempted-from-buyout/ Undergraduate Accounting Enrollment Rose 12% in Fall 2024https://www.aicpa-cima.com/news/article/undergraduate-accounting-enrollment-rose-12-in-fall-2024 Bipartisan State House Bill Would Create Additional Pathways to CPA Licensure in Illinoishttps://www.cpapracticeadvisor.com/2025/02/04/bipartisan-state-house-bill-would-create-additional-pathways-to-cpa-licensure-in-illinois/155537/ Elon Musk creates confusion about IRS’ Direct File — but the free tax program is still availablehttps://apnews.com/article/irs-direct-file-musk-18f-6a4dc35a92f9f29c310721af53f58b16 About 18Fhttps://18f.gsa.gov/about/#:~:text=18F%20is%20a%20team%20of,improve%20public%20service%20through%20technology Elon Musk’s Team Now Has Access to Treasury’s Payments Systemhttps://www.nytimes.com/2025/02/01/us/politics/elon-musk-doge-federal-payments-system.html Trump Tax Proposals: Details & Analysishttps://taxfoundation.org/research/federal-tax/trump-administration-tax-proposals/ Agentic AI: Small steps, big aspirations at accounting firmshttps://www.accountingtoday.com/news/agentic-ai-small-steps-big-aspirations-at-accounting-firms WiseLayer Raises $7.2 Million for AI Agents for Accounting Teamshttps://www.pymnts.com/artificial-intelligence-2/2025/wiselayer-raises-7-2-million-for-ai-agents-for-accounting-teams/ BDO Gets Accused of Inflating Revenue Ahead of the ESOP Again, This Time in a Class Action Lawsuithttps://www.goingconcern.com/bdo-gets-accused-of-inflating-revenue-ahead-of-the-esop-again-this-time-in-a-class-action-lawsuit/ Taxing times: New Adobe Acrobat survey reveals taxpayer stressors and solutions for making filing easierhttps://blog.adobe.com/en/publish/2025/02/20/taxing-times-new-adobe-acrobat-survey-reveals-taxpayer-stressors-solutions-for-making-filing-easierNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let th...

Blake and David examine several significant developments, including TaxDome's data security incident, and the implications of China's DeepSeek AI model that caused Nvidia's stock to drop. They also dig into the White House's federal employee buyout offer that could impact IRS staffing levels and break down key findings from Accounting Today's 2025 Year Ahead survey about trends in remote work, tech spend, and AI adoption in accounting firms.SponsorsKeeper - http://accountingpodcast.promo/keeperCloud Accountant Staffing - http://accountingpodcast.promo/casBasil - http://accountingpodcast.promo/basilChapters(00:24) - Introduction and Episode Overview (01:41) - Listener Shoutouts and Engagement (02:31) - Sports Banter and Mood Check (03:22) - Live Stream Interaction (05:11) - TaxDome Data Incident Discussion (22:24) - White House Buyout Offer for Federal Employees (31:26) - DeepSeek AI Model and Market Impact (36:24) - Exploring Perplexity's New DeepSeek R1 Model (36:58) - Comparing Reasoning Capabilities: R1 vs. ChatGPT (38:10) - The Google Search Analogy (39:16) - Concerns Over Unverified Financial Information (40:32) - Running AI Models on Personal Hardware (41:00) - Cost Implications for Businesses Using AI (42:59) - Innovation in Large vs. Small Firms (45:33) - Reforming the IRS: A New Approach (48:36) - Addressing the Accountant Labor Shortage (49:32) - Accounting Trends for 2025 (57:00) - The Role of AI in Accounting Tools (59:56) - Frustrations with Current Accounting Software (01:05:33) - Final Thoughts  Show NotesDeepseek R1 Explained by a Retired Microsoft Engineerhttps://www.youtube.com/watch?v=r3TpcHebtxMChina’s DeepSeek AI dethrones ChatGPT on App Store: Here’s what you should knowhttps://www.cnbc.com/2025/01/27/chinas-deepseek-ai-tops-chatgpt-app-store-what-you-should-know.htmlTaxDome reports security incident, says no sensitive data exposedhttps://www.accountingtoday.com/news/taxdome-reports-data-breach Reporting system error official post-mortemhttps://community.taxdome.com/c/resources/reporting-system-incident-official-post-mortem-794aebba-618b-4857-8aab-debca4e644ee TaxDome Post from Caleb Jenkins’ LinkedInhttps://www.linkedin.com/posts/calebjenkins1994_so-taxdome-can-you-tell-us-more-about-activity-7288762022882594816-X9eS?utm_source=share&utm_medium=member_desktopTrump administration offers roughly 2 million federal workers a buyout to resignhttps://www.nbcnews.com/politics/white-house/trump-administration-offer-federal-workers-buyouts-resign-rcna189661Trump suggests sending IRS agents to the borderhttps://www.yahoo.com/news/trump-suggests-sending-irs-agents-233900348.htmlAccounting in 2025: The year ahead in numbershttps://www.accountingtoday.com/list/accounting-in-2025-the-year-ahead-in-numbersTop 10 AI accounting tools every business needs in 2025https://www.accountancyage.com/2025/01/24/top-10-ai-accounting-tools-every-business-needs-in-2025/Xero's new tagline: 'Your business supercharged'https://www.accountingtoday.com/news/xero-announces-new-tagline-your-business-superchargedNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David jump into the latest news, including the launch of Trump's own cryptocurrency and KPMG's expansion into legal services in Arizona, taking advantage of new rules allowing non-lawyers to own law firms. They also examine the Treasury Department's Chinese hack attack, South Carolina's $1.8 billion accounting error resolution, and Trump's proposed External Revenue Service.SponsorsRelay - http://accountingpodcast.promo/relayKeeper - http://accountingpodcast.promo/keeperTaxBandits - http://accountingpodcast.promo/taxbanditsBasil - http://accountingpodcast.promo/basilChapters(00:48) - Trump's TikTok Saga (03:35) - Live Stream and CPE Credits (04:48) - Trump's Cryptocurrency Launch (06:54) - Sage AI Data Leak Incident (12:27) - Relay Sponsorship and Banking Solutions (14:13) - Trump's Cryptocurrency Impact (28:06) - Direct File and IRS Developments (32:45) - KPMG Enters Legal Services (38:51) - Tax Bandits: Streamlining Your Tax Season (39:50) - Legal Document Automation with AI (41:04) - South Carolina's $1.8 Billion Accounting Error (45:56) - Trump's External Revenue Service Proposal (49:54) - Chinese Hackers Breach U.S. Treasury (56:51) - FDIC Sues Silicon Valley Bank Executives (01:04:39) - American Express Settles for $230 Million Over Bad Tax Advice (01:08:28) - Testing Google's Gemini Advanced for Tax Research (01:12:17) - Earn Free CPE Credits with Earmark (01:14:22) - Conclusion and Live Stream Announcement  Show NotesTikTok restores US service after Trump says “we have to save it”https://www.reuters.com/technology/tiktok-goes-dark-us-users-trump-says-save-tiktok-2025-01-19/ Donald and Melania Trump debuted meme coins, $Trump and $Melania. Here's what to know.https://www.cbsnews.com/news/donald-trump-melania-meme-coin-cryptocurrency-what-to-know/ KPMG’s Bold Move: How Arizona’s ABS Rules Are Reshaping the U.S. Legal Landscapehttps://lawleaders.com/kpmgs-bold-move-how-arizonas-abs-rules-are-reshaping-the-u-s-legal-landscape/ IRS Direct File set to expand availability in a dozen new states and cover wider range of tax situations for the 2025 tax filing seasonhttps://www.irs.gov/newsroom/irs-direct-file-set-to-expand-availability-in-a-dozen-new-states-and-cover-wider-range-of-tax-situations-for-the-2025-tax-filing-season Sage Copilot grounded briefly to fix AI misbehaviorhttps://www.theregister.com/2025/01/20/sage_copilot_data_issue/ FDIC sues 17 former Silicon Valley Bank executives over collapesehttps://www.cnn.com/2025/01/16/business/fdic-sues-svb-executives-directors-intl-hnk/index.htmlFDIC sues former SVB execs over bank closurehttps://bankingjournal.aba.com/2025/01/fdic-sues-former-svb-execs-over-bank-closure/ SoftBank-Backed Fish Firm Allegedly Faked Most of Its Saleshttps://finance.yahoo.com/news/softbank-backed-fish-startup-allegedly-141253969.html American Express to pay $230 million to settle US charges over deceptive sales practiceshttps://www.reuters.com/business/finance/american-express-pay-1087-mln-settle-deceptive-marketing-allegations-justice-2025-01-16/ U.S. Sanctions Chinese Cybersecurity Firm Over Treasury Hack Tied to Salt Typhoonhttps://thehackernews.com/2025/01/us-sanctions-chinese-cybersecurity-firm.html SC auditor resigns after outside audit found $1.8 billion ‘surplus’ was actually an accounting errorhttps://www.wistv.com/2025/01/23/sc-auditor-resigns-after-outside-audit-found-18-billion-surplus-was-actually-an-accounting-error/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacc...

Blake and David examine Bench's bankruptcy filing, revealing fascinating details about their spending patterns and challenges with the business model. They also explore venture capital's growing interest in accounting firms, particularly focusing on AI automation claims and their potential impact on the profession, and there's a lively discussion about JP Morgan's controversial return-to-office mandate and its implications for workplace flexibility, sparked by Blake's viral tweet that garnered nearly 5 million views.SponsorsTaxBandits - http://accountingpodcast.promo/taxbanditsRelay - http://accountingpodcast.promo/relayBoomTax - http://accountingpodcast.promo/boomtaxBasil - http://accountingpodcast.promo/basilChapters(01:23) - Bench Accounting Bankruptcy Deep Dive (02:17) - Venture Capital's Interest in Accounting (02:42) - JP Morgan's Return to Office Policy (04:04) - Continuing Professional Education Credits (05:05) - Bench Bankruptcy Filing Details (05:50) - Bench's Financial Breakdown (07:42) - Bench's Customer Acquisition Strategy (10:55) - Bench's Development and Management Costs (13:17) - Operations and Outsourcing at Bench (16:07) - Service Delivery and Refunds (19:47) - Venture Capital and AI in Accounting (29:16) - Relay: The Small Business Bank (35:28) - AI-Powered Bookkeeping: A New Frontier (36:44) - Debating the Future of Software Costs (41:14) - AI's Impact on Job Markets (45:15) - Challenges in Replacing Human Jobs with AI (50:57) - The Remote Work Debate (01:02:05) - Corporate Accountability and Legal Issues (01:12:03) - Closing Remarks and Future Topics  Show NotesAI Has Venture Investors Excited About (Yes) Accounting Firmshttps://www.wsj.com/articles/ai-has-venture-investors-excited-about-yes-accounting-firms-3b9b3226Bench Accounting, Inc. and 10Sheet Services, Inc. https://www.ksvadvisory.com/experience/case/bench JPMorgan tells all its employees they must return to office full-timehttps://finance.yahoo.com/news/jpmorgan-tells-employees-must-return-140000800.html Work From Home Policies and Practiceshttps://pearlmeyer.com/insights-and-research/research-report/work-from-home-policies-and-practices Workplace Policies and Pay Transparencyhttps://pearlmeyer.com/insights-and-research/research-report/workplace-policies-and-pay-transparency H&R Block Agrees to $7M FTC Settlement and Will Make Downgrading Tax Tiers Easierhttps://www.cnet.com/personal-finance/taxes/h-r-block-agrees-to-7m-ftc-settlement-and-will-make-downgrading-tax-tiers-easier/ Capital One sued by CFPB over alleged deception on savings account interest rateshttps://www.msn.com/en-us/money/personalfinance/capital-one-sued-by-cfpb-over-alleged-deception-on-savings-account-interest-rates/ar-BB1rr4nY Imposing a $500,000 Fine, PCAOB Sanctions Baker Tilly US, LLP for Quality Control Violationshttps://pcaobus.org/news-events/news-releases/news-release-detail/imposing-a--500-000-fine--pcaob-sanctions-baker-tilly-us--llp-for-quality-control-violationsNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David dive into major industry news, including Ohio ending the 150-hour CPA rule, setting a potential precedent for other states. They also discuss the Blackston acquisition of Citrin Cooperman and explore the implications of private equity involvement in accounting firms. Moving on, they examine workplace trends, including new data revealing that 61% of medium and large employers now require minimum in-office days, and debate the effectiveness of Net Promoter Scores (NPS) in accounting firms.SponsorsOnPay - http://accountingpodcast.promo/onpayBoomTax - http://accountingpodcast.promo/boomtaxTaxBandits - http://accountingpodcast.promo/taxbanditsBasil - http://accountingpodcast.promo/basilChapters(01:03) - Private Equity in Accounting Firms (03:14) - Personal Update: Blake's Hand Injury (05:18) - California's Insurance Crisis (13:57) - Ohio Ends the 150-Hour Rule (22:02) - App News: OnPay, SafeSend, and More (30:16) - Carvana's Questionable Accounting Practices (36:36) - Return to Office Policies (40:01) - RTO Policies and Office Leases (41:15) - Client Satisfaction and Net Promoter Score (42:53) - Debate on the Effectiveness of NPS (44:20) - Implementing NPS in Accounting Firms (52:03) - PCAOB Fines and Audit Quality (01:03:15) - Bitcoin and Government Policies (01:06:54) - Private Equity in Accounting Firms (01:15:07) - Earmark App and CPE Credits  Show NotesReturn-to-office policies gain steamhttps://www.cfo.com/news/return-to-office-policies-gain-steam-remote-work-hybrid-wtw-resume-org/735710Citrin Cooperman, a Leading Professional Services Firm, to Receive Significant Investment as Blackstone Acquires Stake from New Mountain Capitalhttps://www.blackstone.com/news/press/citrin-cooperman-a-leading-professional-services-firm-to-receive-significant-investment-as-blackstone-acquires-stake-from-new-mountain-capital/Ohio is the first state to end the 150-hour rule for CPA licensurehttps://www.blakeoliver.com/blog/ohio-first-state-to-end-the-150-hour-rule-for-cpa-licensureOhio gov signs alternative CPA licensure pathway bill into lawhttps://www.cfodive.com/news/ohio-gov-signs-alternative-cpa-licensure-pathway-bill-law-accounting-aicpa/736942/Thomson Reuters Acquires SafeSend, Expanding Tax Automation Capabilitieshttps://www.thomsonreuters.com/en/press-releases/2025/january/thomson-reuters-acquires-safesend-expanding-tax-automation-capabilities.htmlXero Partners with Gusto to Offer Integrated Payroll Solutionhttps://www.wellesleyhillsfinancial.com/2025/01/05/xero-partners-with-gusto-to-offer-integrated-payroll-solution/Sync your transactions to QuickBooks Desktop with Ramp's direct integrationhttps://ramp.com/integrations/quickbooks-desktopHindenburg Research short on used-car retailer Carvanahttps://www.reuters.com/business/autos-transportation/hindenburg-research-short-used-car-retailer-carvana-2025-01-02/Enforcement Activity Involving Auditors – 2024 Mid-Year Updatehttps://www.brattle.com/wp-content/uploads/2024/08/Enforcement-Activity-Involving-Auditors-2024-Mid-Year-Update.pdfAmid Barely ‘Average’ Client Satisfaction, Why Aren’t More Firms Using NPS to Improve?https://insidepublicaccounting.com/2024/07/16/amid-barely-average-client-satisfaction-why-arent-more-firms-using-nps-to-improve/The federal government just got the greenlight to sell $6.5 billion in Bitcoin seized from Silk Roadhttps://fortune.com/crypto/2025/01/09/federal-government-allowed-sell-bitcoin-silk-road-courts/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube:

Blake and David explore the controversial H-1B visa program's impact on the accounting profession, particularly how firms like Deloitte reportedly pay visa holders 10% less than U.S. workers and the potential implications for audit quality. They also examine Bench's sudden shutdown and subsequent acquisition and then discuss Barry Melancon's farewell interview with the Financial Times as he steps down as AICPA CEO, where he defended the 150-hour rule, his legacy, and his impact on the profession. SponsorsOnPay - http://accountingpodcast.promo/onpayBoomTax - http://accountingpodcast.promo/boomtaxTaxBandits - http://accountingpodcast.promo/taxbanditsBasil - http://accountingpodcast.promo/basilChapters(05:01) - Sponsors and H1B Visa Discussion (11:14) - H1B Visa Impact on Accounting (26:53) - Bench Accounting Shutdown (45:17) - VCs and the Tough Decisions (47:42) - Challenges in Automating Bank Transactions (48:58) - H1B Visa Workers and Financial Misconduct (52:19) - Predictions for 2025 and Beyond (58:12) - Private Equity's Impact on Accounting Firms (01:08:15) - Barry Melanson's Legacy and the Future of CPA (01:15:23) - Conclusion and CPE Credits (01:16:45) - Bitcoin and Quantum Computing  Show NotesRobert Sterling – Twitter - H-1B DATA MEGA-THREADhttps://x.com/RobertMSterling/status/1873174358535110953 Deloitte employees with H-1B visas were paid 10% less than US workers, report findshttps://www.hrdive.com/news/deloitte-employees-with-h-1b-visas-were-paid-10-less-than-us-workers/735162/ Bench to be acquired after abruptly shutting downhttps://techcrunch.com/2024/12/30/bench-to-be-acquired-after-abruptly-shutting-down/ ‘Most important man in accounting’ warns against lowering standardshttps://www.ft.com/content/033792af-18e4-4d69-92f9-5b78b01f2012 Meet Willow, our state-of-the-art quantum chiphttps://blog.google/technology/research/google-willow-quantum-chip/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Rounding out 2024, Blake and David tackle tons of accounting news, including bookkeeping startup Bench's shutdown and the ongoing BOI reporting requirements saga. They also examine concerns about IRS Commissioner nominee Billy Long's credentials, including his "Certified Tax and Business Advisor" designation from a three-day seminar. Wrapping up, they review some of 2024's hottest stories, including declining CPA candidates, audit quality issues, and KPMG CEO Paul Knopp's Wall Street Journal op-ed about the "dying language of accounting."SponsorsLiveFlow - http://accountingpodcast.promo/liveflowSuralink - http://accountingpodcast.promo/suralink Cloud Accountant Staffing - http://accountingpodcast.promo/casTaxBandits - http://accountingpodcast.promo/taxbanditsChapters(01:36) - Beneficial Ownership Information Reporting (BOI) (03:39) - Bench Accounting Shutdown (12:35) - Automated Bookkeeping Challenges (18:35) - Tax Fraud Case: The Magician (28:20) - IRS Commissioner Nominee Controversy (33:55) - Tax Refunds and Lifetime Advisors (36:16) - The Dying Language of Accounting (37:44) - CPA Licensure Reform (39:05) - Working Conditions in Accounting (42:28) - Reflecting on 2024: Key Themes and Events (55:34) - AI and the Future of Accounting (01:00:59) - San Francisco's Tax Controversies (01:04:03) - IRS Special Payments and Predictions for 2025 (01:06:25) - Bitcoin and Quantum Computing Risks (01:09:13) - Closing Remarks and CPE Information  Show NotesBench shuts down, leaving thousands of businesses without access to accounting and tax docshttps://techcrunch.com/2024/12/27/bench-shuts-down-leaving-thousands-of-businesses-without-access-to-accounting-and-tax-docs/New York tax preparer called ‘the Magician’ charged for tax fraud of $145mhttps://www.theguardian.com/us-news/2024/dec/17/new-york-magician-tax-fraudBilly Long, Trump’s Nominee to Lead the IRS, Touts a Credential That Tax Experts Say Is Dubioushttps://www.propublica.org/article/billy-long-irs-trump-certified-tax-business-advisor-missouriHow a Consulting Firm and Trump’s I.R.S. Pick Pushed a Problematic Tax Credithttps://www.nytimes.com/2024/12/24/business/billy-long-irs-tax-credit.htmlThe Dying Language of Accountinghttps://www.wsj.com/opinion/the-dying-language-of-accounting-cpa-licensing-fede2e74CPAs Deliberate on the Decline of Accountinghttps://www.wsj.com/opinion/cpas-deliberate-on-the-demise-of-accounting-kpmg-business-language-c0be3e68Most Americans say a salary of $270K deems financial successhttps://www.cfo.com/news/most-americans-say-salary-of-270k-deems-financial-success-gen-z-boomers-inflation/734019/CFPB Sues Walmart and Branch Messenger for Illegally Opening Deposit Accounts for More Than One Million Delivery Drivershttps://www.consumerfinance.gov/about-us/newsroom/cfpb-sues-walmart-and-branch-messenger-for-illegally-opening-deposit-accounts-for-more-than-one-million-delivery-drivers/Lyft Accuses San Francisco of $100 Million Tax Overchargehttps://www.bloomberg.com/news/articles/2024-12-24/lyft-accuses-san-francisco-of-overcharging-100-million-in-taxesIRS announces special payments going this month to 1 million taxpayers who did not claim 2021 Recovery Rebate Credit; encourages non-filers about approaching deadline to claim creditshttps://www.irs.gov/newsroom/irs-announces-special-payments-going-this-month-to-1-million-taxpayers-who-did-not-claim-2021-recovery-rebate-credit-encourages-non-filers-about-approaching-deadline-to-claim-creditsNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast

Blake, David, and special guest ChatGPT examine the impact of private equity on accounting firms, looking at how PE ownership affects compensation and firm structures. They dig into recent data showing record numbers of accounting errors in public companies, linking these issues to the broader talent shortage crisis. They explore CalCPA's pushback against proposed licensing changes, the surprising economic costs of Daylight Savings Time, and more.  SponsorsLiveFlow - http://accountingpodcast.promo/liveflowSuralink - http://accountingpodcast.promo/suralinkSmartVault - http://accountingpodcast.promo/smartvaultTaxBandits - http://accountingpodcast.promo/taxbanditsChapters(00:59) - Introducing ChatGPT as Co-Host (01:58) - Hot Topics in Accounting News (04:05) - Private Equity in Accounting Firms (07:35) - Debating the Impact of Private Equity (22:40) - DirectFile Controversy (28:02) - App News and Updates (34:23) - Enron's Return? (38:28) - Fraudsters and Presidential Pardons (42:00) - Accounting Errors on the Rise (44:52) - The Daylight Savings Debate (50:04) - AI Tools: The Good, The Bad, and The Ugly (58:26) - Final Thoughts and Announcements  Show NotesAccounting errors force US companies to pull statements in record numbershttps://www.ft.com/content/716c4ad5-e8fa-4a34-afba-9fb2d1db019d Republican lawmakers ask Trump to kill IRS Direct Filehttps://www.nextgov.com/digital-government/2024/12/republican-lawmakers-ask-trump-kill-irs-direct-file/401595/ IRIS to buy Dext in £500m dealhttps://www.accountingweb.co.uk/tech/accounting-software/iris-to-buy-dext-in-ps500m-deal How Private Funds Could Hurt Americans Under Trumphttps://www.nytimes.com/2024/12/03/opinion/trump-presidency-billionaires.html LegalZoom and 1-800Accountant Join Forces to Deliver Full-Service Tax and Bookkeeping Solutions for Small Business Ownershttps://investors.legalzoom.com/news-releases/news-release-details/legalzoom-and-1-800accountant-join-forces-deliver-full-service Zoho Releases New Payroll Solution in the U.S.https://www.cpapracticeadvisor.com/2024/12/13/zoho-releases-new-payroll-solution-in-the-u-s/152935/ BILL Unveils 1099 Form Filing Solution for SMBshttps://investor.bill.com/news/news-details/2024/BILL-Unveils-1099-Form-Filing-Solution-for-SMBs/default.aspx Is Enron back? Here’s what we know … https://www.houstonchronicle.com/news/houston-texas/trending/article/is-enron-back-houston-19953844.php CalCPA Submits Comments on Exposure Draft on CPA Licensurehttps://www.calcpa.org/whats-happening/articles/calcpa-submits-comments-on-exposure-draft-on-cpa CEOs Want Trump to Change Course on Tariffs. He Isn’t Budging.https://www.wsj.com/economy/trade/trump-tariff-plan-business-lobbying-8f02ccea Donald Trump vows to end daylight saving timehttps://www.youtube.com/watch?v=EDR1IURzO1QMore Than a Lost Hour of Sleep: The True Cost of Daylight Saving Timehttps://www.chmura.com/blog/dst#:~:text=our%20methodology%20below.-,Results,was%20approximately%20%24672.02%20million%20annuallyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fanc...

Blake and David take a look at several significant developments in the accounting world, including Trump's controversial IRS Commissioner nomination of former Congressman Billy Long. They also dig into updates on the Macy's accounting scandal and explore Square's potential move into accounting software with their new head of Product Accounting Solutions hire. They also share insights from the AICPA's 2024 CAS benchmark survey showing significant growth in client accounting services practices and much more!SponsorsRoboDebit - http://accountingpodcast.promo/robodebitRelay - http://accountingpodcast.promo/relayCloud Accountant Staffing - http://accountingpodcast.promo/casTaxBandits - http://accountingpodcast.promo/taxbanditsChapters(00:28) - Welcome to The Accounting Podcast (00:40) - Digital CPA Conference Highlights (01:17) - CAS Practices on the Rise (02:22) - IRS Commissioner Nominee: Billy Long (03:42) - Employee Retention Tax Credit Controversy (14:45) - Macy's Financial Misstatements (28:30) - Intuit Assist: A Closer Look (29:48) - The Evolution of Bill Scanning with AI (31:25) - AI's Impact on Accounting Tools (33:06) - AI and Tax Returns: The Future of Automation (34:54) - Relay: The Ultimate Small Business Bank (36:19) - Supermicro's Accounting Scandal (40:48) - Square's Move into Accounting Solutions (57:21) - The Rise of Client Advisory Services (01:00:55) - Closing Remarks and Future Insights  Show NotesHe Promised Huge Tax Refunds. Now Trump Wants Him to Lead the I.R.S.https://www.nytimes.com/2024/12/06/us/politics/billy-long-trump-irs-tax-credit.html Brainsky Unleashed (Instagram) – Billy Long – December 6, 2024https://www.instagram.com/brainskyunleashed/reel/DDQS_GjRn4P/ Macy’s employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources sayhttps://www.cnbc.com/2024/12/11/macys-m-earnings-q3-2024.html Macy’s Probe Found Employee Acted Alone in $151 Million Accounting Scandalhttps://www.wsj.com/business/retail/macys-m-q3-earnings-report-2024-c7363662 LinkedIn – Andy Schwartz – Profit Labs Update – December 6, 2024https://www.linkedin.com/posts/andy-schwartz-233b359_profit-labs-update-i-am-excited-to-share-activity-7269157016051298305-rYAW/ Amazon integrates QuickBooks for sellershttps://www.accountingtoday.com/news/amazon-integrates-intuit-quickbooks AICPA and CPA.com Benchmark Survey: CAS Practices Report 17% Growthhttps://insidepublicaccounting.com/2024/12/09/aicpa-and-cpa-com-benchmark-survey-cas-practices-report-17-growth/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Congratulations to Blake for making Accounting Today's Top 100 Most Influential People list!  Today, Blake and David dig into several significant developments in accounting, including a federal court's decision to block BOI reporting nationwide. They also examine which of the 57% of accounting firms plan to raise fees in 2025 and take a look at the AICPA's Experience Learn and Earn (ELE) program. There's also talk about new PCAOB reporting requirements for audit firms and the recent acquisition of Dext by Iris Software Group. SponsorsOnPay - http://accountingpodcast.promo/onpayZoho - http://accountingpodcast.promo/zohoSmartVault - http://accountingpodcast.promo/smartvaultChapters(00:31) - Celebrating Achievements and Social Media Impact (03:16) - Key News Stories: Price Increases and Regulatory Changes (04:17) - BOI Reporting Requirement Blocked (14:21) - Raising Prices in Accounting Firms (17:39) - Experience, Learn, and Earn Program (22:26) - AICPA and Overtime Pay Ruling (30:12) - PCAOB's New Reporting Requirements (34:48) - Debating the Future of Auditing (35:50) - Impact of AI on Auditing (37:21) - Evaluating PCAOB's Effectiveness (38:32) - PCAOB Sanctions and Penalties (45:00) - Macy's Financial Controversy (48:31) - EY's AI Interview Bot (53:29) - AI's Impact on Productivity (58:14) - Dext Acquisition by Iris (01:01:58) - Closing Remarks and Future Topics  Show NotesAccounting Today - The 2024 Top 100 Most Influential People https://arizent.brightspotcdn.com/c3/0f/2649ee17493eab95634bbc91f5f7/top-100-most-influential-people-updated.pdf Federal Court Enjoins Enforcement of the CTA Nationwide; Reporting Companies “Need Not Comply” with January 1 Deadlinehttps://natlawreview.com/article/texas-federal-court-blocks-corporate-transparency-act-halts-nationwide-enforcement Survey Says 57% of Firms Are Raising Prices Next Yearhttps://cpatrendlines.com/2024/11/14/survey-says-57-of-firms-are-raising-prices-next-year/ Experience, Learn, and Earn https://experiencelearnearn.org/ Expanded Access Now Available for AICPA-NASBA ELE Programhttps://nasba.org/blog/2024/11/15/expanded-access-aicpa-nasba-ele-program/ Texas Judge Tosses Biden Overtime Expansion for Millionshttps://news.bloomberglaw.com/daily-labor-report/overtime-expansion-for-4-million-workers-tossed-by-texas-judge Follow up to the "AICPA is illegally hiding salary info on job postings". After several emails, I convinced them to comply with the lawhttps://www.reddit.com/r/Accounting/comments/1g0ib4z/follow_up_to_the_aicpa_is_illegally_hiding_salary/ PCAOB Adopts Auditor Performance Metrics, Increased Firm Reporting Rules https://tax.thomsonreuters.com/news/pcaob-adopts-auditor-performance-metrics-increased-firm-reporting-rules Critics see chance to close down US audit regulator under Trumphttps://www.ft.com/content/e9a7247f-84fd-4df7-8163-6518954470e9 Macy’s says employee hid up to $154 million in expenses, delaying Q3 earningshttps://apnews.com/article/macys-accounting-quarter-b1cb0927d9b6a58ee4396838df7973c9 KPMG Survey: AI Adoption Across US Finance Functions Reaches Highest Levels, with ROI Exceeding Expectationshttps://kpmg.com/us/en/media/news/ai-adoption-across-us-finance-functions-reaches-highest-levels.html IRIS Software Group Announces Intent to Acquire Dext Software Ltd.https://dext.com/us/iris-announces-intent-to-acquire-dextNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds Client Hub -

Blake and David examine the mysteries and motives surrounding the recent Macy's accounting scandal, where a single employee allegedly concealed $132-154 million through improper accrual entries. They also examine Trump's proposed 25% tariff plan on imports from Mexico and Canada (plus an additional 10% on China), discussing its potential impact on American businesses and consumers. SponsorsZoho - http://accountingpodcast.promo/zohoSuralink - http://accountingpodcast.promo/suralinkCloud Accountant Staffing - http://accountingpodcast.promo/casChapters(00:46) - Macy's Accounting Error: Breaking News (01:40) - Understanding the Impact of Macy's Error (02:46) - The Mystery Behind Macy's Accounting Error (02:53) - Join the Live Discussion (03:42) - Upcoming Topics and Teasers (05:15) - Thanking Our Sponsors (06:42) - Diving Deeper into Macy's Accounting Mystery (19:29) - Exploring the Fraud Triangle (27:54) - Auditors and Materiality Standards (32:04) - Auditors' Role in Detecting Fraud (33:25) - Impact of Fraud on Macy's Stock (33:47) - Challenges in Auditing Practices (34:08) - Internal Controls and Their Limitations (38:53) - Expense Fraud: A Growing Concern (44:01) - AI in Auditing: The Future of Fraud Detection (52:28) - Trump Tariffs and Their Economic Impact (01:03:13) - Thanksgiving Reflections and Closing Remarks  Show NotesMacy’s says employee hid up to $154 million in expenses, delaying Q3 earningshttps://apnews.com/article/macys-accounting-quarter-b1cb0927d9b6a58ee4396838df7973c9Macy’s says accountant hid as much as $154M in expenseshttps://www.cfodive.com/news/macys-says-accountant-hid-as-much-as-154m-in-expenses-retail-retailing-consumers/733960/UPS to Pay $45 Million SEC Penalty Over Improper Valuationhttps://finance.yahoo.com/news/ups-hit-45-million-penalty-144424675.htmlStrippers, Christmas gifts and an RV: Workers push it with company cardshttps://abcdpf.livemint.com/industry/strippers-christmas-gifts-and-an-rv-workers-push-it-with-company-cards-11732157906943.htmlEx-Jaguars employee who stole $22 million from team files lawsuit against FanDuelhttps://www.nytimes.com/athletic/5809925/2024/10/01/jaguars-lawsuit-fanduel-amit-patel/Trump's Truth Social tariffs pledge is a teachable moment for Americahttps://www.msnbc.com/opinion/msnbc-opinion/trump-truth-social-tariffs-deportation-thanksgiving-rcna182079What does Trump’s latest tariff plan mean for the U.S.?https://www.pbs.org/newshour/politics/what-does-trumps-latest-tariff-plan-mean-for-the-u-sWalmart CFO Says They Don't Want To Raise Prices, But 'Prices Will Go Up For Consumers' Due To Upcoming Tariffshttps://finance.yahoo.com/news/walmart-cfo-says-dont-want-161640110.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David discuss Trump's proposed Department of Government Efficiency (DOGE) and its potential impact on tax filing and federal remote work policies. They analyze the Pentagon's seventh consecutive failed audit and examine Intuit's ambitious plans to expand its enterprise offerings. The duo also explores a groundbreaking study showing ChatGPT-4 outperforming human doctors in medical diagnoses, highlighting AI's growing capabilities in professional decision-making.SponsorsRelay - http://accountingpodcast.promo/relaySuralink - http://accountingpodcast.promo/suralinkSmartVault - http://accountingpodcast.promo/smartvaultArtiffex - http://accountingpodcast.promo/artiffexChapters(00:00) - Welcome to the Accounting Podcast (01:52) - DOGE's Impact on H&R Block and TurboTax Stocks (02:57) - IRS Free File Program (04:49) - Intuit's Response to DOGE Initiative (10:43) - Remote Work for Federal Employees (16:25) - Pentagon's Audit Failures (22:36) - AI Outperforms Doctors in Diagnosing Illnesses (32:12) - Boosting Productivity with ChatGPT (36:09) - Salesforce's AI Irony (38:15) - Anthropic's AI in Action (45:34) - Intuit's AI Strategy and TurboTax (48:36) - Intuit Enterprise Suite and Market Expansion (55:27) - Closing Remarks and Future Topics  Show NotesComing soon!Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsClient Hub - https://clienthub.app/Forwardly - https://www.forwardly.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David dive into the economic implications of Trump's election victory, including proposed tariffs that could significantly impact businesses and inflation. They explore potential tax changes under a new Trump administration, from corporate rate reductions to the elimination of the SALT cap. They also examines an alarming $47 million IRS fraud scheme targeting tax practitioners and debate the future of Bitcoin as speculation grows about a potential national Bitcoin reserve.SponsorsOnPay - http://accountingpodcast.promo/onpaySuralink - http://accountingpodcast.promo/suralinkCloud Accountant Staffing - http://accountingpodcast.promo/casArtiffex - http://accountingpodcast.promo/artiffexChapters(00:00) - Welcome to The Accounting Podcast (03:05) - Avalara Crush Conference Insights (07:48) - AI and the Future of Tax Compliance (13:21) - Trump's Economic Impact (17:26) - Tariffs and Global Trade (25:40) - Tax Proposals and Implications (36:53) - Bitcoin's Meteoric Rise and Market Speculations (47:43) - AI Adoption in the Workforce (49:53) - IRS PPS Fraud: A Deep Dive (01:00:49) - PCAOB Drama and Audit Deficiencies (01:06:49) - BOI Reporting and AICPA's Response (01:10:33) - Closing Remarks and CPE Information  Show NotesHow Trump Won the Economy-is-Everything Electionhttps://www.livemint.com/politics/news/how-trump-won-the-economy-is-everything-election-11730973573508.htmlHow Will Trump’s Universal and China Tariffs Impact the Economy?https://taxfoundation.org/blog/trump-tariffs-impact-economy/Which Workers Are Embracing AI?https://www.chicagobooth.edu/review/which-workers-are-embracing-aiActions Were Not Taken to Timely Strengthen Practitioner Priority Service Telephone Line Authentication Controlshttps://www.tigta.gov/sites/default/files/reports/2024-10/2025ier001fr.pdfFraudsters get $47 million from practitioner priority service line schemehttps://www.journalofaccountancy.com/news/2024/nov/fraudsters-get-47-million-from-practitioner-priority-service-line-schemeFreddie Freeman on World Series MVP, Ohtani Media Mayhem and His Surprising Backup Career | Ep 109https://www.youtube.com/watch?v=ZimDH_hW7LUPCAOB board member complains of persecution by senatorshttps://www.accountingtoday.com/news/pcaob-board-member-complains-of-persecution-by-senatorsAICPA to Congress: Delay needed in BOI reporting deadlinehttps://www.thetaxadviser.com/news/2024/nov/aicpa-to-congress-delay-needed-in-boi-reporting-deadlineNew Development Re: BOI Reporting – 44 Congressmen Seek to Delay FinCEN Beneficial Ownership Reportinghttps://gpwcpas.com/new-development-re-boi-reporting-44-congressmen-seek-to-delay-fincen-beneficial-ownership-reporting/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCoefficient - http://accountingpodcast.promo/coefficientexpoForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David examine Sasan Goodarzi's apology and lukewarm reception regarding the recent controversial TurboTax ad campaign. They also take a look at Intuit's new Enterprise Suite product, which aims to compete with NetSuite and Sage Intacct by offering multi-entity accounting capabilities at a lower price point. Moving on, there's talk of Anthropic's new Claude computing capability, EY's resignation as Super Micro Computer's auditor, and Google's declining search market share in the face of AI competition.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowRelay - http://accountingpodcast.promo/relayCloud Accountant Staffing - http://accountingpodcast.promo/casChapters(00:41) - Intuit Connect Recap (01:37) - Intuit CEO's Apology (09:32) - Intuit's Market Strategy (15:45) - Intuit Enterprise Suite Demo (30:00) - QuickBooks New Features (36:32) - Upcoming AI Webinar Announcement (37:06) - Feedback on AI Presentation (37:47) - The Future of Tax Preparation with AI (39:34) - AI in Action: Cloud Computer Use Demo (49:46) - Fraud in Political Campaigns (52:53) - Opportunities in Small Town Tax and Bookkeeping (57:08) - EY Resigns as Super Micro Auditor (01:07:39) - Conclusion and Upcoming Events (01:07:56) - Google's Ad Revenue Threatened by AI  Show NotesEY resigns as Super Micro auditor, causes stock to fall 33%https://www.cnbc.com/2024/10/30/super-micro-auditor-resigns-after-raising-concerns-months-earlier.htmlIntuit Connect 2024: Sasan Goodarzi on AI & the Future of Accountinghttps://www.youtube.com/watch?v=1xzKztkuhRYIntroducing computer use, a new Claude 3.5 Sonnet, and Claude 3.5 Haikuhttps://www.anthropic.com/news/3-5-models-and-computer-use'All hell has broken loose': Inside Elon Musk's high-stakes pro-Trump door-knocking efforthttps://www.nbcnews.com/politics/2024-election/elon-musks-high-stakes-trump-door-knocking-effort-america-pac-rcna176255BDO must face AmTrust investors' fraud case after US appeals court backtrackshttps://www.reuters.com/legal/government/column-bdo-must-face-amtrust-investors-fraud-case-after-us-appeals-court-2024-11-04/Google’s Grip on Search Slips as TikTok and AI Startup Mount Challengehttps://www.wsj.com/tech/online-ad-market-google-tiktok-9599d7e8Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCoefficient - http://accountingpodcast.promo/coefficientexpo Client Hub - https://clienthub.app/ Forwardly - https://www.forwardly.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

In this episode, Amber Setter returns to discuss the AICPA and NASBA's newly proposed competency-based pathway to CPA licensure, offering a 150-hour-rule alternative. They argue that the complexity of the plan might create more bureaucratic barriers rather than simplifying the process. There's also talk on the challenges facing the profession, including stagnant salaries and declining CPA numbers. Rounding out the show, they examine a recent story about EY firing employees for attending multiple online CPE courses at once.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoCloud Accountant Staffing - http://accountingpodcast.promo/casTabs - http://accountingpodcast.promo/tabsChapters(02:30) - Blake's Session on Automation Toolkit (05:11) - Sponsor Acknowledgements (05:34) - Discussion on AICPA and NASBA Competency Pathway (06:35) - Amber Setter's Insights on the Proposed Pathway (10:47) - Concerns and Practical Challenges (16:21) - Potential Impact on CPA Candidates (30:29) - Live Stream Viewer Comments and Questions (36:02) - Debating CPA Education Requirements (36:29) - Personal Journey to Becoming a CPA (37:18) - State Differences in CPA Experience Requirements (39:34) - NASBA's Influence on State Boards (41:47) - Challenges in CPA Firm Hiring Practices (42:38) - Value of Prior Work Experience (42:55) - Different CPA Licenses Across States (45:06) - Master's Degree in Accounting: Is It Worth It? (47:41) - Experience vs. Education in CPA Training (52:35) - The Appeal of Starting Your Own Firm (01:00:15) - EY's Controversial CPE Policy (01:03:09) - Innovative CPE Solutions with Earmark (01:03:55) - Future of CPE and Mental Health Initiatives (01:09:42) - Conclusion and Final Thoughts  Show NotesExposure draft: Proposed “CPA Competency-Based Experience Pathway”https://www.aicpa-cima.com/certifications/download/exposure-draft-proposed-cpa-competency-based-experience-pathway Educational Requirements for CPA Licensurehttps://www.dca.ca.gov/cba/applicants/ed-requirements.shtml EY Got Rid of Staff Who Took Multiple CPE Courses at the Same Timehttps://www.cpapracticeadvisor.com/2024/10/23/ey-got-rid-of-staff-who-took-multiple-web-training-course-at-once/112128/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCoefficient - http://accountingpodcast.promo/coefficientexpoForwardly - https://www.forwardly.com/ Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David examine why Trump may win in 2024, discussing immigration's economic impact on working-class wages and how this could affect voting patterns, particularly in border states like Arizona. They also look at the AICPA's selection of Mark Koziel as its new president, questioning whether the organization truly advocates for average CPAs. Moving on, they discuss Intuit's controversial TurboTax marketing campaign and consider why Berkshire Hathaway is reducing its BOA stake due to concerns about unrealized losses in the bank's bond portfolio.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zoho Practice Protect - http://accountingpodcast.promo/protectChapters(00:33) - Introduction and Grand Canyon Adventure (02:29) - Padgett Business Model and Amanda's Role (04:19) - Sponsors and Election Involvement (06:00) - Why Trump Will Win: Analyzing the Numbers (06:29) - AICPA Leadership and Industry News (10:29) - Earmark's Growth and Future Plans (24:11) - Immigration Debate and Economic Impact (43:30) - Economic Factors in Trump's Election Loss (44:21) - Ad Break: Zoho Practice Management (46:07) - Impact of Abortion and Immigration on Elections (47:42) - Offshoring and Wage Suppression in Accounting (49:49) - AICPA's Role in Offshoring and Technology (54:05) - Introducing Mark Koziel: New AICPA President (57:48) - Ad Break: Practice Protect Cybersecurity (01:00:04) - Debate on Abortion and Political Affiliations (01:04:50) - Banking Crisis and Economic Policies (01:07:02) - Intuit's Controversial Ad Campaign (01:15:19) - Warren Buffett's Stance on Bank of America (01:25:00) - Conclusion and Upcoming Events  Show NotesDo immigrants really take jobs and lower wages?https://www.npr.org/2024/06/28/1197959366/immigration-economics-mariel-boatliftEscalating Cyber Threats Demand Stronger Global Defense and Cooperationhttps://blogs.microsoft.com/on-the-issues/2024/10/15/escalating-cyber-threats-demand-stronger-global-defense-and-cooperation/American productivity still leads the worldhttps://www.economist.com/special-report/2024/10/14/american-productivity-still-leads-the-worldPublic sector talent shortage: Unique challenges require unique solutionshttps://www.journalofaccountancy.com/news/2024/oct/public-sector-accounting-challenges.htmlIntuit asked us to delete part of this Decoder episodehttps://www.theverge.com/2024/10/21/24273820/intuit-ceo-sasan-goodarzi-turbotax-irs-quickbooks-ai-software-decoder-interviewBuffett's Berkshire Trims BofA Stake Closer to 10%https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-10-08-2024/card/buffett-s-berkshire-trims-bofa-stake-closer-to-10--EQHbm5iLN4LTvbgNW29WNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds Client Hub - https://clienthub.app/Forwardly - https://www.forwardly.com/Coefficient - http://accountingpodcast.promo/coefficientexpoWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David touch on several hot topics in the accounting world, including the fallout from Intuit's controversial TurboTax ad, and the National Association of Tax Preparers cutting ties with the company. They also examine Trump Jr.'s threats against Deloitte, KPMG's support for alternative pathways to CPA licensure, and rapper Fat Joe's recent experiences with BDO.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowIgnition - http://accountingpodcast.promo/ignitionMercury - http://accountingpodcast.promo/mercuryChapters(01:16) - Controversial Intuit Ad Campaign (03:29) - Blake's Grand Canyon Adventure (04:49) - Intuit's Industry Fallout (09:58) - Tax Preparation Fee Calculator (14:34) - NATP's AI Transition (22:01) - Trump Jr. vs. Deloitte (24:17) - Trump's Tax Policy for Expats (28:08) - Popular Tax Proposals (34:42) - App News: Numeric's Big Funding Round (35:46) - Understanding Flux Analysis (37:11) - AI in Accounting: Real-World Applications (40:38) - Tax Season Tips and Client Management (43:27) - CPA Licensure and Industry Challenges (53:33) - Auditor Misconduct and SEC Rulings (57:54) - Celebrity Financial Scandals: Fat Joe's Case (01:13:59) - Closing Remarks and Upcoming Adventures  Show NotesTurboTax ‘Breakup’ Ad Draws Ire From Tax Pro Orghttps://tax.thomsonreuters.com/news/turbotax-breakup-ad-draws-ire-from-tax-pro-org/Deloitte takes fire from Trump-Vance allies over leaked employee messageshttps://thehill.com/business/4919910-deloitte-employee-trump-criticism/Trump supports ending double taxation on Americans living abroad: ‘Let’s put America First’https://nypost.com/2024/10/14/business/former-president-donald-trump-supports-ending-double-taxation-on-americans-living-abroad/KPMG Supports Alternative CPA Paths to Address Accountant Shortagehttps://tax.thomsonreuters.com/news/kpmg-supports-alternative-cpa-paths-to-address-accountant-shortageSEC Drops Auditor Misconduct Cases After In-House Judges Rulinghttps://news.bloombergtax.com/financial-accounting/sec-drops-auditor-misconduct-cases-after-in-house-judges-rulingFat Joe Suing Accountants Over Fraud Activityhttps://www.bet.com/article/dh3bcc/fat-joe-suing-accountants-over-fraud-activityNumeric grabs $28M Series A to automate accounting using AIhttps://techcrunch.com/2024/10/10/numeric-grabs-28m-series-a-for-automating-accounting-with-ai/Ex-Tingo Auditor Aided, Concealed ‘Massive Fraud,’ SEC Claimshttps://news.bloombergtax.com/financial-accounting/ex-tingo-auditor-aided-concealed-massive-fraud-sec-claimsFat Joe On Getting Robbed By Accountants, Using The N-Word, BET Hip Hop Awards + Morehttps://www.youtube.com/watch?v=xL3RV6SHY4ENeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Coefficient -  http://accountingpodcast.promo/coefficientexpo Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David look into OpenAI's complex entity structure and potential conversion from nonprofit to for-profit, highlighting the significant financial implications. They also discuss the challenges facing FreshBooks amid recent layoffs and shifting market dynamics and then explore the journey of Vuori's CEO Joe Kudla, emphasizing how his accounting background contributed to the company's success. Wrapping things up, we’ve got listener questions about the value of CPA licenses and growing advisory services in accounting firms.Sponsors Relay - http://accountingpodcast.promo/relayIgnition - http://accountingpodcast.promo/ignitionMercury - http://accountingpodcast.promo/mercuryChapters(02:15) - OpenAI's Nonprofit to For-Profit Dilemma (05:44) - Understanding OpenAI's Complex Structure (13:28) - The Financial Implications of OpenAI's Transition (27:34) - Vuori's CEO: From Accounting to Fashion (34:44) - The Power of Pricing: Vuori's Success Story (35:09) - The Importance of Accounting in Entrepreneurship (36:48) - FreshBooks' Struggles and Market Position (39:42) - The Future of FreshBooks and Industry Trends (46:02) - Listener Mail: CPA Value and Audit Challenges (53:34) - Exploring Advisory Services and Technology Solutions (59:22) - Closing Thoughts and Community Engagement  Show NotesOpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidiahttps://www.reuters.com/technology/artificial-intelligence/openai-closes-66-billion-funding-haul-valuation-157-billion-with-investment-2024-10-02/How Vuori’s Joe Kudla went from accountant to fashion industry successhttps://www.goldmansachs.com/insights/goldman-sachs-talks/joe-kudlaFreshBooks lays off 140https://www.accountingtoday.com/news/freshbooks-lays-off-140-staff-cites-challenging-18-monthsSEC Charges Olayinka Oyebola and His Accounting Firm With Aiding and Abetting Massive Fraudhttps://www.sec.gov/newsroom/press-releases/2024-157Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Coefficient - http://accountingpodcast.promo/coefficientexpo Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David discuss a controversial TurboTax ad campaign encouraging people to "break up" with their tax professionals, analyze survey data on AI adoption in accounting firms, and critically examine proposed changes to CPA licensure requirements. They also explore NASBA's influence on the profession end debate the merits of automatic mobility for CPAs across states.SponsorsOnPay - http://accountingpodcast.promo/onpayIgnition - http://accountingpodcast.promo/ignitionWorkflowCon - http://accountingpodcast.promo/workflowconinterVal - http://accountingpodcast.promo/intervalChapters(01:32) - Intuit's Controversial NFL Commercial (03:52) - TurboTax's Pricing Strategy (06:32) - Intuit's Market Strategy and Tax Pro Reactions (12:55) - IRS Audit Rates and Challenges (20:25) - EY India Tragedy and Work Culture (27:18) - AI in Accounting: Adoption and Applications (34:02) - Introduction to Perplexity (37:09) - Empowering Your Team with AI (39:11) - Challenges in CPA Firms (42:30) - WorkflowCon 2024 Announcement (44:15) - Changes to CPA Licensure (49:06) - Critique of NASBA and AICPA (57:02) - The Future of CPA Mobility (01:10:44) - Conclusion and Call to Action  Show NotesTurboTax 2024 Beat Your Price Commercial "Tax Break-Up" (Official TV Ad :30)https://www.youtube.com/watch?v=GW7rfwO6_is Intuit Hosts Investor Day, Reaffirms First-Quarter and Fiscal 2025 Guidancehttps://investors.intuit.com/news-events/press-releases/detail/1215/intuit-hosts-investor-day-reaffirms-first-quarter-and-fiscal-2025-guidance The State of AI in Accounting Report 2024https://karbonhq.com/resources/state-of-ai-accounting-report-2024/ AICPA, NASBA propose a new pathway to CPA licensurehttps://www.journalofaccountancy.com/news/2024/sep/cpa-competency-based-licensure-pathway.html AICPA and NASBA Propose Changes to the Uniform Accountancy Acthttps://www.masscpas.org/news/f339a29a-f278-4bc3-bf30-b1e10d198ca2:aicpa-and-nasba-propose-changes-to-the-uniform-accountancy-act The Hazards of Redefining Mobilityhttps://nasba.org/blog/2024/09/19/the-hazards-of-redefining-mobility/How Accounting Firms Can Overcome the Profit Plateauhttps://www.accountingtoday.com/opinion/how-accounting-firms-can-overcome-the-profit-plateauNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David meet with Natalie Lennon, the Australian accountant known as the "Queen of TikTok" in accounting circles. Natalie shares her experiences at Xerocon Nashville, discusses the differences between Australian and American accounting practices, and explains how she leveraged TikTok to grow her accounting business. She also outlines implementing a four-day workweek, embracing fixed-fee pricing, and her upcoming projects, including a TikTok course for accountants.Meet Our Guest, Natalie LennonLinkedIn: https://www.linkedin.com/in/natalielennon/TikTok: https://www.tiktok.com/@natlennoLearn more about Two Sides AccountingWebsite: https://www.twosides.com.au/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David examine the evolving landscape of remote work, discussing recent trends and their impact on productivity and employee well-being. They also explore the commercial real estate market's challenges due to the shift towards remote work and its potential implications for the banking sector. Moving on, they take a look at recent audit failures, particularly the FTX case and discuss the controversial Beneficial Ownership Information reporting requirements and some potential issues for small businesses.SponsorsZoho - http://accountingpodcast.promo/zohoRelay - http://accountingpodcast.promo/relaySafeSend - http://accountingpodcast.promo/safesendinterVal - http://accountingpodcast.promo/intervalChapters(00:49) - Blake's Fitness Journey with Apple Watch (03:16) - Impact of Remote Work on Health and Productivity (06:25) - Amazon's Return to Office Policy (11:36) - CEO Perspectives on Remote Work (24:14) - Commercial Real Estate Crisis (28:07) - Accounting Standards and Bank Balance Sheets (31:25) - Listener Questions and Comments (45:06) - The Sunk Cost Fallacy in Real Estate (45:41) - The Looming Commercial Real Estate Bust (47:51) - The Role of Intangible Assets in Modern Accounting (51:24) - The CPA Journey: Is It Worth It? (52:09) - The Kenneth CPA Hack (01:01:54) - The BOI Reporting Controversy  Show NotesHow Remote Work Is Impacting Accounting Firmshttps://cpatrendlines.com/2024/09/22/how-remote-work-is-impacting-accounting-firms/ 2024 KPMG U.S. CEO Outlook Pulse Surveyhttps://kpmg.com/us/en/articles/2024/kpmg-2024-ceo-outlook-pulse-survey.html Amazon tells employees to return to office five days a weekhttps://www.cnbc.com/2024/09/16/amazon-jassy-tells-employees-to-return-to-office-five-days-a-week.html Wells Fargo employee found dead at her desk days after she last clocked into work, authorities sayhttps://www.cnn.com/2024/08/31/us/wells-fargo-employee-desk-arizona/index.html Eric Schmidt Calls Remote Work a Mistake for Google in Disappearing Videohttps://nationalcioreview.com/articles-insights/news/eric-schmidt-calls-remote-work-a-mistake-for-google-in-disappearing-video/ Audit Firm Prager Metis Settles SEC Charges for Negligence in FTX Audits and for Violating Auditor Independence Requirementshttps://www.sec.gov/newsroom/press-releases/2024-133 Beneficial Ownership Reporting Outreach and Education Toolkithttps://www.fincen.gov/boi/toolkit BOI requirements roll along despite concerns about too little outreachhttps://www.journalofaccountancy.com/news/2024/aug/boi-reporting-requirements.html Property Fraud Allegations Snowball as Commercial Real Estate Values Fallhttps://www.wsj.com/real-estate/property-fraud-allegations-snowball-as-commercial-real-estate-values-fall-492d964c Nearly a Quarter of Office Space in the U.S. Will Be Empty by 2026https://www.cpapracticeadvisor.com/2024/07/01/nearly-a-quarter-of-office-space-in-the-u-s-will-be-empty-by-2026/107376/ Big Banks are Taking Hits from Commercial Real Estatehttps://www.wsj.com/finance/banking/commercial-property-loans-real-estate-banks-249a43b9Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds Forwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to cr...

Blake and David explore Intuit's new Enterprise Suite, a product that appears to compete with NetSuite in the mid-market ERP space. They alsodiscuss a major audit failure by PwC in China related to Evergrande, raising concerns about the ethics and integrity at large accounting firms.They also discuss the tragic death of a young accountant at EY in India due to overwork and explore the implications of OpenAI's latest modeloutperforming humans on IQ tests.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowThe Small Business Research Institute - http://accountingpodcast.promo/ceanowSafeSend - http://accountingpodcast.promo/safesendChapters(01:32) - Intuit's New ERP System (03:43) - Target Market and Pricing Concerns (06:11) - Comparing to Competitors (18:18) - PwC's Massive Fine in China (19:04) - Evergrande's Financial Collapse (26:59) - The Bigger Picture of Audit Quality (30:08) - Australian Accountants and the PwC Debacle (31:05) - Tragic Death of EY Employee in India (33:16) - The Hypocrisy of Overwork in the Big Four (40:42) - OpenAI's New Model: A Game Changer (49:43) - Driverless Cars: The Future of Transportation (53:15) - NASBA's New Competency-Based CPA Pathway (01:01:23) - Conclusion and Farewell  Show NotesIntuit Introduces Intuit Enterprise Suite to Help Businesses Grow, Streamline Operations, and Scalehttps://investors.intuit.com/news-events/press-releases/detail/1213/intuit-introduces-intuit-enterprise-suite-to-help-businesses-grow-streamline-operations-and-scale PwC faces record fine over Evergrande audit in Chinahttps://finance.yahoo.com/news/pwc-faces-record-fine-over-131518742.html Death of young Ernst & Young employee raises questions about workplace culturehttps://www.nbcnews.com/news/world/death-young-ernst-young-employee-raises-questions-workplace-culture-rcna171945 Comparison of Models: Quality, Performance & Price Analysishttps://artificialanalysis.ai/modelsWaymo significantly outperforms comparable human benchmarks over 7+ million miles of rider-only drivinghttps://waymo.com/blog/2023/12/waymo-significantly-outperforms-comparable-human-benchmarks-over-7-million AICPA, NASBA propose a new pathway to CPA licensurehttps://www.journalofaccountancy.com/news/2024/sep/cpa-competency-based-licensure-pathway.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds Forwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David meet with Kenyth Holdefer, who shares his unconventional path to becoming a CPA. Kenyth details how he obtained his bachelor's and master's degrees in just over four months through Western Governors University's competency-based education model, followed by passing all four CPA exams within six months. Kenyth highlights his transition from a successful career in mortgages to public accounting, emphasizing the potential for alternative educational paths in addressing the accounting profession's talent shortage.Meet Our Guest, Kenyth HoldeferLinkedIn: https://www.linkedin.com/in/ken-holdefer-101745105/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Back from SuiteWorld, Blake and David discuss key takeaways from Oracle NetSuite's conference, including product updates and the event's growing scale. They also examine recent fundraising in the accounting-tech space, notably bookkeeping startup Finally's $200 million Series B round. Moving on, there's Big Four firm news, including PwC's layoffs and return-to-office policies, as well as a viral TikTok trend exploiting a Chase Bank ATM glitch.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowThe Small Business Research Institute - http://accountingpodcast.promo/ceanowSafeSend - http://accountingpodcast.promo/safesendChapters(00:46) - Recap of Oracle SuiteWorld Conference (02:26) - NetSuite's Growth and Market Position (12:48) - Product Announcements and AI Integration (18:56) - Listener Questions and Career Advice (26:03) - Bookkeeping Startup Raises $200 Million (29:13) - Exploring All-in-One Bookkeeping Services (30:03) - The Future of Accounting Software Market (31:31) - Mercury Bank Acquires Teal (32:12) - Challenges in Automated Bookkeeping (35:39) - Consolidation in the Financial Services Industry (38:44) - Viral TikTok ATM Glitch Exploits (42:18) - PwC Layoffs and Office Policies (50:09) - Deloitte's Olympic Gold Medalist (54:58) - Career Advice for Tech and Accounting Professionals  Show NotesOracle NetSuite – SuiteWorldhttps://www.netsuitesuiteworld.com/ Accounting Software Market Size With Growing Demand and Forecast to 2032https://www.linkedin.com/pulse/accounting-software-market-size-growing-demand-qsgic/ Mercury acquires Tealhttps://mercury.com/blog/inside-mercury/mercury-acquires-teal Revolut Business Adds Bill Pay Featurehttps://www.pymnts.com/news/b2b-payments/2024/revolut-business-adds-bill-pay-feature Paylocity Announces Definitive Agreement to Acquire Airbase Inc., a Leading Spend Management Software Solution Providerhttps://www.airbase.com/press-release/paylocity-announces-definitive-agreement-to-acquire-airbase-inc-a-leading-spend-management-software-solution-provider The Chase ATM 'glitch' that went viral is likely check fraud, bank sayshttps://www.usatoday.com/story/money/2024/09/03/chase-bank-atm-glitch-fraud/75058813007/ PwC Laying Off 1,800 Employees in First Formal Cuts Since 2009https://www.wsj.com/articles/pwc-laying-off-1-800-employees-plans-restructuring-of-products-business-b5dfe7c1 PwC tells employees it will use location data to police 'back-to-office' rulehttps://www.ctvnews.ca/business/pwc-tells-employees-it-will-use-location-data-to-police-back-to-office-rule-1.7031968 PwC Isn’t Used to Being Called Desperate But Here We Arehttps://www.goingconcern.com/pwc-isnt-used-to-being-called-desperate-but-here-we-are/ Deloitte rower earned gold at Paris Olympicshttps://www.accountingtoday.com/news/deloitte-rower-earned-gold-medal-at-paris-olympicsNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds Forwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

In our 400th episode, Blake and David dive into the controversial world of audit quality and Big Four accounting firms. They also discuss a listener's critical email about their audit coverage, explore recent audit failures and deficiencies, and debate the underlying incentives in the audit industry. The discussion turns to workplace culture issues at major firms and potential solutions to improve audit quality. SponsorsOnPay - http://accountingpodcast.promo/onpay Zoho - http://accountingpodcast.promo/zohoMakers Hub - http://accountingpodcast.promo/makershubChapters(01:05) - Listener Email: Criticism of Audit Discussions (01:59) - Reading and Responding to Connor's Email (05:19) - Understanding Audit Deficiencies (07:46) - Audit Quality and Deficiency Rates (13:26) - EY's Audit Deficiency and Industry Comparison (15:28) - The Business Model of Big Four Firms (19:13) - Challenges in the Audit Profession (19:39) - Listener Feedback and Commentary (35:33) - Super Micro Accounting Scandal (43:53) - AI's Impact on Auditing (44:11) - The Tipping Point: Media Coverage and Reactions (44:40) - Audit Issues and Historical Context (46:10) - The Role of Consulting in Audit Firms (48:04) - Materiality and Audit Quality (51:32) - The Future of Auditing and AI (53:16) - EY's Secret Drinking Club Controversy (01:15:35) - Addressing the CPA Crisis (01:19:10) - Listener Mail and Final Thoughts  Show NotesPCAOB Posts 2023 Annual Inspection Reports Alongside Staff Observations and New Charts To Boost Transparencyhttps://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-posts-2023-annual-inspection-reports-alongside-staff-observations-new-charts-to-boost-transparencySuper Micro: Fresh Evidence Of Accounting Manipulation, Sibling Self-Dealing And Sanctions Evasion At This AI High Flyerhttps://hindenburgresearch.com/smci/AI Spotted Super Micro Risks Two Years Before Filing Fiascohttps://www.forbes.com/sites/noahbarsky/2024/08/30/ai-spotted-super-micro-risks-two-years-before-filing-fiasco/EY's PR nightmare: A ‘secret drinking club’, misconduct allegations and resignationshttps://www.stuff.co.nz/nz-news/350292387/eys-pr-nightmare-secret-drinking-club-misconduct-allegations-and-resignationsSuper Micro shares fall 19% on filing delay, Hindenburg Research reporthttps://www.cnbc.com/2024/08/28/super-micro-shares-fall-23percent-on-filing-delay-hindenburg-research-report.htmlWho Wants to See How Much Big 4 Revenue by Service Line Has Changed Since SOX?https://www.goingconcern.com/who-wants-to-see-how-much-big-4-revenue-by-service-line-has-changed-since-sox/PCAOB releases two new, divergent inspection reports for Canadian accounting firmshttps://www.canadian-accountant.com/content/practice/pcaob-inspection-reports-deloitte-kreston-gtaRethinking Rankings: The Top 100 Firms — Adjustedhttps://www.vision.cpa/blog/Rethinking%20Rankings:%20Revenue%20Per%20EmployeeNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsClient Hub - https://clienthub.app/Forwardly - https://www.forwardly.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

In this episode, Blake and David dive into Intuit's strategic shift towards enterprise solutions, discussing the potential impact on the accounting industry. They also examine some recent economic trends, including the U.S. debt situation and its comparison to historical empires. They then get into audit deficiency rates reported by the PCAOB, highlighting the need for transparency and reform in the auditing profession. There's also talk AI applications in education, recent accounting scandals, and more challenges facing the accounting industry.SponsorsOnPay - http://accountingpodcast.promo/onpay Relay - http://accountingpodcast.promo/relayMakers Hub - http://accountingpodcast.promo/makershubChapters(01:50) - Intuit's Strategic Shift to Enterprise (04:42) - Intuit's Pricing and Market Position (13:11) - Economic Outlook and Accountants' Perspectives (21:45) - China's Debt and Bankruptcy System (28:52) - Listener Mail and Industry Insights (35:56) - A Compromise Between Hourly Billing and Subscription Pricing (45:33) - AI as a Personal Tutor (46:34) - Understanding SAFE Notes (54:24) - AI in Retail and Business (01:01:47) - Audit Deficiencies and Industry Issues (01:25:34) - Conclusion and Final Thoughts  Show NotesIntuit (INTU) Q4 2024 Earnings Call Transcripthttps://www.fool.com/earnings/call-transcripts/2024/08/22/intuit-intu-q4-2024-earnings-call-transcript/ 6 podcast episodes CFOs should listen to before summer endshttps://www.cfo.com/news/6-podcast-episodes-cfos-should-listen-to-accounting-podcast-strategic-cfo-360-rockstar-cfo/723667/ Accountants bearish, mostlyhttps://www.accountingtoday.com/news/accountants-bearish-mostly-save-for-their-own-firm-and-clients Goldman Sachs Lowers Probability of US Recessionhttps://www.investopedia.com/goldman-sachs-lowers-probability-of-us-recession-8697194 China’s Punishment for People With Bad Debts: No Fast Trains or Nice Hotelshttps://www.wsj.com/world/china/chinas-punishment-for-people-with-bad-debts-no-fast-trains-or-nice-hotels-bde24da2 Target to Roll Out Transformative GenAI Technology to its Store Team Members Chainwidehttps://corporate.target.com/press/release/2024/06/target-to-roll-out-transformative-genai-technology-to-its-store-team-members-chainwide N.J. Accounting Professor Convicted of Tax Evasionhttps://www.cpapracticeadvisor.com/2024/08/19/n-j-accounting-professor-convicted-of-tax-evasion/109210/ Everyone from the sunken yacht off Sicily has now been accounted forhttps://www.npr.org/2024/08/22/g-s1-18939/tech-mogul-mike-lynchs-body-is-found-as-the-search-goes-on-for-1-more-yacht-passenger PCAOB Posts 2023 Annual Inspection Reports Alongside Staff Observations and New Charts To Boost Transparencyhttps://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-posts-2023-annual-inspection-reports-alongside-staff-observations-new-charts-to-boost-transparency EY Sheds U.S. Audit Clients in Response to Shortfallshttps://www.wsj.com/articles/ey-sheds-u-s-audit-clients-in-response-to-shortfalls-2ba1172e Regulator Explores Naming Companies Tied to Auditing Deficiencies Amid Investor Pushbackhttps://www.wsj.com/articles/regulator-explores-naming-companies-tied-to-auditing-deficiencies-amid-investor-pushback-8ee1d1f3 Auditors failed to raise alarm before 75% of UK corporate collapseshttps://www.ft.com/content/14a63c36-ba27-495c-96c0-3d34460d73ccNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/Stitcher

Blake and David leap into the latest updates from Xerocon, including new features like traditional bank reconciliations, embedded bill pay with BILL and AI capabilities through JAX (Just Ask Xero). They look at Xero's strategy to double and how it compares to Intuit's mid-market growth focus. They also touch on the potential impact of QuickBooks' pricing strategy.SponsorsLendflow - http://accountingpodcast.promo/lendflowThe Small Business Research Institute - http://accountingpodcast.promo/ceanowKeeper - http://accountingpodcast.promo/keeperChapters(01:01) - Xerocon Highlights and New Features (01:18) - Deep Dive into Xero's Bank Reconciliation (06:13) - Xero's Strategic Focus: The Three by Three Initiative (10:18) - Xero's Market Share and Competitive Strategy (17:52) - Listener Questions and Advice for Aspiring Accountants (21:37) - Xero's Upcoming Features and Integrations (40:46) - Alternative Career Paths in Accounting (41:16) - Xero's New AI Features and Bill Payments Experience (45:53) - Exploring Xero's JAX AI and Its Functionalities (54:04) - Xero's Market Strategy and Competition with QuickBooks (01:01:51) - Xerocon Highlights and Nashville Adventures (01:07:44) - The Mysterious Case of Mike Lynch (01:14:27) - Closing Remarks and Upcoming Events  Show NotesNew features announced at Xerocon Nashvillehttps://blog.xero.com/product-updates/new-features-xerocon-nashville/Intuit cut to Equal-Weight at Morgan Stanley, citing reliance on pricing leverhttps://seekingalpha.com/news/4139926-intuit-cut-to-equal-weight-at-morgan-stanley-citing-reliance-on-pricing-leverBritish entrepreneur Mike Lynch among missing after luxury yacht sinks off Sicilyhttps://www.reuters.com/world/europe/seven-missing-15-rescued-after-sailboat-sinks-off-sicily-2024-08-19/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsClient Hub - https://clienthub.app/ Forwardly - https://www.forwardly.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake Oliver meets with Josh Poresky, a recent college graduate working in audit at RSM. Josh describes his innovative AI project that uses retrieval augmented generation (RAG) to query PCAOB audit guidelines instantly. They explore how this technology could potentially automate up to 99% of staff work for internal controls testing in SOX audits and also highlight some of the challenges and future possibilities of implementing AI in auditing processes.Meet Our Guest, Josh PoreskyLinkedIn: https://www.linkedin.com/in/josh-poresky956/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David discuss the slow adoption of AI tools in accounting firms, with a recent study showing low usage rates. They also explore the potential of AI to streamline tasks like email writing and fraud detection, highlighting tools like Superwhisper. Moving on, there are political discussions around tax exemptions for tips and their potential consequences, updates on the Wirecard fraud case, and insights from a study linking corporate ethics language to negative outcomes.SponsorsLendflow - http://accountingpodcast.promo/lendflow The Small Business Research Institute - http://accountingpodcast.promo/ceanowBookkeeping Biz Workshops - http://accountingpodcast.promo/bbworkshopPractice Protect - http://accountingpodcast.promo/protectChapters(00:00) - Introduction and Welcome (00:59) - AI Tools for Accountants (01:21) - CPA Pathway Discussion (03:21) - SuperWhisper Demo (05:30) - Email Efficiency with AI (29:20) - Savannah Bananas Business Model (36:54) - LegalZoom Layoffs and Restructuring (38:35) - Challenges of Software in Service Businesses (38:51) - QuickBooks Live and Bookkeeping Models (42:19) - AI in Accounting: JPMorgan Chase's New Tool (44:33) - IRS Free File Expansion (48:26) - Debate on Taxing Tips (54:08) - Wirecard Scandal Update (55:15) - Ethical Companies and Investor Skepticism (01:00:16) - Listener Feedback and Career Advice (01:13:14) - The Accountant 2 Movie Announcement  Show NotesStudy finds accountants slow to adopt gen AIhttps://www.accountingtoday.com/news/study-finds-accountants-slow-to-adopt-gen-ai-tools Why Trump and Harris’s ‘no tax on tips’ plans may not help tipped workershttps://www.washingtonpost.com/business/2024/08/13/trump-harris-tax-free-tips/ Beware When a Company Says It Is Trustworthyhttps://www.wsj.com/finance/investing/ethics-companies-trust-b182f2b5?mod=itp_wsj Two more Wirecard executives charged over accounting scandalhttps://www.reuters.com/technology/two-more-wirecard-executives-charged-over-accounting-scandal-2024-08-06/ LegalZoom Announces Leadership Transitionhttps://investors.legalzoom.com/news-releases/news-release-details/legalzoom-announces-leadership-transition JPMorgan Launches AI Assistant for 60,000 Employeeshttps://www.investopedia.com/jpmorgan-launches-ai-assistant-for-60000-employees-8693103 Eligible taxpayers in 12 states can file for free with IRS Direct Filehttps://www.irs.gov/newsroom/eligible-taxpayers-in-12-states-can-file-for-free-with-irs-direct-file The Accountant 2: Official release date revealed, here’s when new episodes will air https://economictimes.indiatimes.com/news/international/us/the-accountant-2-official-release-date-revealed-heres-when-new-episodes-will-air/articleshow/112474832.cms?from=mdrNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds Forwardly - https://www.forwardly.com/ Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Earmark Media Presents a bonus episode of Best Metrics: In this episode, host Glenn Dunlap is joined by Kenya Brooks, a partner at Saville CPAs and Advisors, to discuss the unique challenges and opportunities in property management and development accounting. They explore key metrics to monitor financial statements, the impact of economic trends on the real estate industry, and strategies for navigating client relationships during both prosperous and challenging times. Kenya also shares valuable insights from her 25 years of accounting expertise and her experience growing Saville's client accounting services practice.Learn more about Best Metrics: https://bestmetrics.show/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet CPE for listening to the Best Metrics podcast: https://www.earmark.app/@bestmetricsTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David, joined by guest Amber Setter, dive into the California Board of Accountancy's move to create legislation for an alternative to the 150-hour rule for CPA licensure. They discuss the potential impact on the accounting profession, the need for modernization, and the challenges faced by aspiring CPAs. The conversation also touches on various industry updates, including firm mergers, government accounting practices, and the role of AI in the profession.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowLendflow - http://accountingpodcast.promo/lendflowBookkeeping Biz Workshops - http://accountingpodcast.promo/bbworkshopPractice Protect - http://accountingpodcast.promo/protectChapters(00:43) - California Board of Accountancy's New Legislation (04:49) - California Survey Results and Implications (06:50) - Challenges and Opportunities in CPA Licensure (08:34) - California's Legislative Efforts and Broader Impacts (10:41) - AICPA's Response and Pipeline Issues (17:01) - Thank You to Our Sponsor, LiveFlow (18:48) - Major Accounting Firm Merger: CBiz and Marcum (22:51) - Pentagon's Ukraine Accounting Error (25:42) - Intuit's Blog Post on AI Use During Tax Season (27:35) - AI Innovations in Tax Compliance and Document Collection (31:47) - Promoting Accounting as a Career (35:42) - Thank You to Our Sponsor, Lendflow (40:15) - The Appeal of Early Retirement in Accounting (41:27) - Promoting Government Accounting Jobs (42:46) - Listener Mail: Critiques and Suggestions (45:21) - Career Advice for Aspiring Accountants (46:24) - Thank You to Our Sponsor, The Ambitious Bookkeeper (48:05) - The Value of Practical Accounting Education (50:34) - The CGMA Designation (56:47) - Thank You to Our Sponsor, Practice Protect (58:29) - Government Budgeting and Lost Funds (01:02:22) - The Future of the CPA Profession (01:07:29) - Outsourcing and Final Thoughts  Show NotesCBA Meeting Recap – July 25 & 26, 2024https://www.youtube.com/watch?v=jwrHaReBrIY Marcum to be Acquired by CBIZhttps://www.latimes.com/b2bpublishing/business-announcements/story/2024-08-01/marcum-to-be-acquired-by-cbiz Pentagon finds another $2 billion of accounting errors for Ukraine aidhttps://www.reuters.com/world/us/pentagon-finds-another-2-billion-accounting-errors-ukraine-aid-2024-07-25/ How Intuit transformed tax filing experiences for millions of consumers with AI/GenAI this tax seasonhttps://www.intuit.com/blog/innovative-thinking/tech-innovation/how-intuit-transformed-tax-filing-experiences/ Avalara Adds Generative Chat to Bolster Support and Product Experiences for Customers and Partnershttps://newsroom.avalara.com/2024-08-01-Avalara-Adds-Generative-Chat-to-Bolster-Support-and-Product-Experiences-for-Customers-and-Partners‘I walked away from my $170K job’: This accountant quit at 41 to live off dividends from his $1.25 million portfolio — here's what it would take for you to do the samehttps://moneywise.com/investing/stocks/accountant-quit-live-off-dividends-portfolio Chartered Accountants - The Accountants - 45" Videohttps://www.youtube.com/watch?v=hma6ce-KT3INeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsClient Hub - https://clienthub.app/ Forwardly - https://www.forwardly.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David examine Blake's month-long working vacation in Southern California, and talk benefits of remote work for accountants. They also explore recent surveys on accounting firm satisfaction and the use of AI in tax practices and then delve into the ongoing accountant shortage, its impact on internal controls, and the challenges of recruiting new talent to the profession. Additionally, there's talk about the persistence of paper checks in certain industries and the evolving landscape of accounting firm partnerships.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoLendflow - http://accountingpodcast.promo/lendflowGenwise - http://accountingpodcast.promo/genwiseChapters(01:14) - How Blake Made His Summer Vacation in Southern California Possible (12:51) - Accountants Are Number 2 Happiest Workers (18:12) - Equity vs Non-Equity Partners at Firms (20:41) - Private Equity in Accounting Firms (24:44) - Thank You to Our Sponsor, LiveFlow (26:03) - Engaging the Next Generation of Accountants (28:59) - The Accountant Shortage and Its Impact on Capital Markets (32:08) - The Persistence of Paper Checks in a Digital World (33:48) - Generative AI in Tax Preparation: A Divided Opinion (36:09) - AI's Role in Accounting and the Future of the Profession (41:13) - Thank You to Our Sponsor, Zoho (44:56) - Thank You to Our Sponsor, Lendflow (47:43) - Listener Mail: The Big Four Experience Debate (51:04) - Thank You to Our Sponsor, GenWise (52:36) - Final Thoughts and Announcements  Show NotesAccountants Among the Happiest Workers in the U.S., New Study Findshttps://www.cpapracticeadvisor.com/2024/07/22/accountants-among-the-happiest-workers-in-the-u-s-study-finds/108298/ Number of the Day: $839,687https://www.cpapracticeadvisor.com/2024/07/22/number-of-the-day-839687/108273/ New York State Society of CPAshttps://www.nysscpa.org/ The Accountant Shortage Highlights How Critical Accounting Is to Capital Markets | Smith School https://www.rhsmith.umd.edu/research/accountant-shortage-highlights-how-critical-accounting-capital-markets Why Paper Checks Refuse to Die - The New York Times https://www.nytimes.com/2024/07/24/business/paper-check-payment-fraud-scam.html Tax practitioners both excited and concerned about gen AI says Thomson Reuters | Accounting Today https://www.accountingtoday.com/news/tax-practitioners-both-excited-and-concerned-about-gen-ai-says-thomson-reutersNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David Leary dive into several hot topics in the accounting world including the IRS's renewed focus on enforcement, targeting high-income individuals and non-filers, as well as the push to regulate non-credentialed tax preparers. They also explore the ongoing US CPA shortage and discuss potential solutions, including changes to education and recruitment strategies. Moving on, there's talk about emerging threats to traditional accounting software from industry-specific solutions like Clio's new accounting package for law firms. All this and more, right here, right now! SponsorsRelay - http://accountingpodcast.promo/relayZoho - http://accountingpodcast.promo/zohoMakers Hub - http://accountingpodcast.promo/makershubLendflow - http://accountingpodcast.promo/lendflowChapters(01:00) - Global IT Outage Chaos (02:48) - Guess the Company Game (05:04) - Accounting Salaries and Compensation (14:47) - PwC Cutting Chinese Partners Pay by 50% (16:24) - Relay: The Ultimate Banking Solution (18:50) - Payday Advance Apps Under Scrutiny (21:40) - Trump's Tax Plan and Tariffs (29:03) - Community Engagement and Election 2024 (29:48) - Zoho Practice Management Overview (31:34) - IRS Enforcement and Tax Resolution Opportunities (39:40) - Regulating Non-Credentialed Tax Preparers (43:09) - Corporate Tax Rates and Economic Impact (48:49) - Thank you to MakersHub (50:45) - Clio Accounting and Legal Software Innovations (53:41) - Addressing the Accountant Shortage (01:02:31) - Thanks for Listening and Remember to Earn Your Free CPE  Show NotesJuly 19, 2024, global tech outage newshttps://www.cnn.com/business/live-news/global-outage-intl-hnk/index.html AICPA & CIMA Achieves Global Recognition as a Great Place To Workhttps://www.aicpa-cima.com/news/article/aicpa-and-cima-achieves-global-recognition-as-a-great-place-to-work Just How Much Have Accounting Salaries Increased in the Last Five Years?https://www.goingconcern.com/just-how-much-have-accounting-salaries-increased-in-the-last-five-years/ You Need to Make Six Figures to Buy a Home in Almost Half of the U.S.https://www.cpapracticeadvisor.com/2024/04/04/you-need-to-make-six-figures-to-buy-a-house-in-almost-half-of-america/103541/ Number of the Day: $5.7 Billion - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2024/06/24/number-of-the-day-5-7-billion/107099/ I.R.S. Crackdown on Delinquent Millionaires Yields $1 Billion - The New York Timeshttps://www.nytimes.com/2024/07/11/business/irs-crackdown-wealthy-taxpayers.html The IRS Tidal Wave Is Here - CPA Trendlineshttps://cpatrendlines.com/2024/07/07/the-irs-tidal-wave-is-here/ Tax pros: IRS improving, but getting the right answer takes too longhttps://www.journalofaccountancy.com/news/2024/jul/tax-pros-irs-improving-but-getting-right-answer-takes-too-long.html IRS advisory committee recommends regulating tax preparers | Accounting Today https://www.accountingtoday.com/news/irs-advisory-committee-recommends-regulating-tax-preparers Corporate Tax Rate Spurs Political Fight With More Than $1 Trillion at Stake - WSJhttps://www.wsj.com/politics/policy/corporate-tax-rate-election-53de5180?st=o43aay9xscjk9wt Ohio's shortage of certified accountants is part of a national trendhttps://www.10tv.com/article/news/local/ohio-shortage-of-cpas-part-of-national-trend/530-172bf0d5-0f6a-4037-817f-2a6ae4e12dbf Accountants sound the alarm over high-income residents leaving Massachusetts – New Bedford Guide https://www.newbedfordguide.com/accountants-sound-the-alarm-over-high-income-residents-leaving-massachusetts/2024/06/20 Trump floats tariff hikes to offset income tax cutshttps://www.accountingtoday.com/articles/trump-floats-tariff-hikes-to-offset-income-tax-cuts  The Accountant Shortage Highlights How Critical Accounting Is to Capital Markets | Smith School https://www.rhsmith.umd.edu/research/accountant-shortage-highlights-how-critical-accounting-capital-markets #stitch with @Shanna Morris | accounting major | TikTok https://www.tiktok.com/@nycoleemccrary/video/7361440633531174186?_r=1&_t=8m1nZEORWQh Best Song Ever???https://www.tiktok.com/@thesavbananas/video/7366410624856837422?lang=enNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchas...

In light of recent events, Blake and David examine assassination attempts on US presidents, providing historical context. They move on to Intuit's recent layoffs, critiquing the company's communication strategy and exploring potential AI improvements for such announcements, and then shift to the Synapse bankruptcy, its impact on fintech users, and evolving regulatory scrutiny. Finally, Blake and David dig into AICPA CEO Barry Melancon's defense of the 150-hour CPA requirement, questioning its effectiveness and impact on the accounting profession.SponsorsOnPay - http://accountingpodcast.promo/onpayRightRev - http://accountingpodcast.promo/rightrevMakersHub - http://accountingpodcast.promo/makershubLendflow - http://accountingpodcast.promo/lendflowChapters(01:12) - Assassination Attempt on President Trump (02:05) - Historical Context of Presidential Assassinations (06:38) - Intuit Layoffs and AI Transition (11:20) - Analyzing Intuit's Communication Strategy (21:41) - Listener Mail and CPA Exam Tips (27:51) - Intuit's Overtime Wage Issue (30:48) - CPA Licensure Flexibility (32:02) - Ohio's Alternative Pathway to CPA (34:04) - Listener Mailbag: Emma's Dilemma (40:29) - Listener Mailbag: Walda's Insight (45:45) - Synapse Bankruptcy Update (53:05) - Barry Melancon's Retirement and Legacy (01:05:11) - Join the Earmark Community  Show NotesIntuit Marketing in the UK  pays for commercial/short film of human like talking dogs burying invoices/billshttps://directorslibrary.com/07/2024/latest/campaigns/dogs-intuit-quickbooks/ Bookkeeping Firm Digits Buys Accounting Platform Basis Financehttps://www.pymnts.com/acquisitions/2024/bookkeeping-firm-digits-buys-accounting-platform-basis-finance/Assassination attempts on US presidents: https://www.perplexity.ai/search/how-many-assassination-attempt-nb5YvFGbShm0oSRKqi3UkwSynapse’s collapse has frozen nearly $160M from fintech users — here’s how it happenedhttps://techcrunch.com/2024/07/14/synapses-collapse-has-frozen-nearly-160m-from-fintech-users-heres-how-it-happened/ Evolve Bank & Trust Statement on Synapse Bankruptcyhttps://www.getevolved.com/about/news/evolve-bank-trust-statement-on-synapse-bankruptcy/ Banking With Third-Party Appshttps://www.fdic.gov/resources/consumers/consumer-news/2024-06.html Fintech nightmare: ‘I have nearly $38,000 tied up’ after Synapse bankruptcyhttps://www.cnbc.com/2024/05/22/synapse-bankruptcy-customer-funds.htmlAT Think Ask what you can do for your professionhttps://www.accountingtoday.com/opinion/ask-what-you-can-do-for-the-accounting-professionAccounting Leader Calls for CPA Training to Evolvehttps://news.bloombergtax.com/financial-accounting/accounting-leader-calls-for-cpa-training-to-evolve-podcastNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Today, Blake and David explore how artificial intelligence is reshaping accounting, discussing its potential to handle 70% of information-based tasks and impact workflows like data collection, reconciliation, and client services. They criticize the current theoretical approach to accounting education, advocating for more practical, hands-on learning experiences. They also dig into the ongoing 150-hour rule debate, examining recent state board initiatives for alternative CPA pathways and concerns about the accounting talent pipeline. Blake and David tackle the recent Evolve cybersecurity breach and its implications for fintech companies and move on to listener feedback and questions.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Relay - http://accountingpodcast.promo/relayMakersHub - http://accountingpodcast.promo/makershub Genwise - http://accountingpodcast.promo/genwiseChapters(02:40) - Vacation Plans and Quiet Vacationing (07:45) - Generative AI in Accounting (10:37) - Challenges and Opportunities in AI Adoption (18:38) - CPA Firm Dynamics and Partner Retirement (28:58) - Survey Insights and Alternative Pathways to CPA (33:05) - Arkansaw State Board of Accountancy Pursuing Alternative Pathways to CPA (34:19) - Blake and David Look at the California CPA License Survey (37:29) - Addressing Concerns About CPA Mobility (38:10) - Survey Reflections and Critique (42:38) - Listener Mail: Nebraska's CPA Changes (43:55) - The Practicality of Accounting Education (01:00:38) - Evolve Bank Cyber Attack (01:06:35) - Closing Thoughts and 4th of July Message  Show NotesMillennials call it ‘quiet vacationing,’ but it’s really remote work gone wrong—and it’s CEOs’ worst nightmarehttps://fortune.com/2024/05/23/quiet-vacation-millennials-gen-z-harris-poll-remote-work Death, Taxes, and AI: How Generative AI Will Change Accountinghttps://a16z.com/generative-ai-in-accounting/ Tech lag named top risk for accountants in 2024 Intuit QuickBooks surveyhttps://quickbooks.intuit.com/r/news/accountant-tech-survey-results/ Finding Qualified Staff Is the Top Issue Facing Most CPA Firms In 2024https://www.cpapracticeadvisor.com/2024/06/07/finding-qualified-staff-is-the-top-issue-facing-most-cpa-firms-in-2024/106519/ Help! A Partner Wants to Retire Earlyhttps://cpatrendlines.com/2024/04/24/help-a-partner-wants-to-retire-really-early/ Arkansas State Board of Public Accountancy – Proposed Rule Changeshttps://www.labor.arkansas.gov/licensing/state-board-of-public-accountancy/proposed-rule-changes/ California Board of Accountancy https://www.dca.ca.gov/cba/ California Board of Accountancy’s LinkedIn Post on CPA Next Surveyhttps://www.linkedin.com/posts/cbanews_we-want-to-hear-from-you-this-weekend-is-activity-7212584294232285184-25sa CPA Candidates Approved To Sit At 120 Hours Starting 1/1/2025https://nebraska-cpa.thenewslinkgroup.org/cpa-candidates-approved-to-sit-at-120-hours-starting-1-1-2025/ Evolve Hit With Fed Enforcement Action, But Why Did It Take This Long?https://substack.com/home/post/p-145886596 Cybersecurity Incidenthttps://www.getevolved.com/about/news/cybersecurity-incident/ Yieldstreet says some of its customers were affected by the Evolve Bank data breachhttps://techcrunch.com/2024/07/02/yieldstreet-says-some-of-its-customers-were-affected-by-the-evolve-bank-data-breach/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcas...

Blake and David explore the intersection of AI, remote work, and accounting technology. They take a look at the phenomenon of "mouse jiggling," examine various AI tools reshaping the accounting industry, and analyze a survey showing widespread adoption of AI in the workplace. There's also a review of different AI chatbots, highlights on new AI-powered accounting startups, and a brief look at the U.S. government's online passport renewal system. This wide-ranging conversation offers valuable insights into the evolving landscape of work and technology in the digital age.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowRightRev - http://accountingpodcast.promo/rightrevMakers Hub - http://accountingpodcast.promo/makershubGenwise - http://accountingpodcast.promo/genwiseChapters(01:14) - Mouse Jiggling Scandal at Wells Fargo (05:28) - Pig Butchering Scams and Synapse Bankruptcy (09:20) - Return to Office Mandates and Employee Turnover (12:55) - AI Tools in Accounting: Zapier Central Demo (18:18) - Impact of AI on Freelance Jobs (21:49) - Private Equity and Audit Board Acquisition (26:05) - AI Co-Pilot for Accounting Firms: Materia Raises $6.3 Million (30:04) - Technology Maturity and Firm Revenue (36:10) - AI Adoption in the Workplace (38:15) - AI Tools Revolutionizing Financial Reporting (40:42) - The Rise of Chatbots: A Wall Street Journal Analysis (42:08) - Comparing Chatbot Performance Across Different Tasks (51:28) - The Future of AI in Accounting Firms (01:00:57) - Innovations in Government Services (01:03:23) - Wrap-Up and Announcements  Show NotesMeet Zapier Central's Chrome extension: Work with your personal AI bots anywherehttps://zapier.com/blog/zapier-central-chrome-extension/The Great AI Challenge: We Test Five Top Bots on Useful, Everyday Skillshttps://www.wsj.com/tech/personal-tech/ai-chatbots-chatgpt-gemini-copilot-perplexity-claude-f9e40d26Numeric secures $10m in Seed funding to revolutionise accounting automationhttps://fintech.global/2024/05/08/numeric-secures-10m-in-seed-funding-to-revolutionise-accounting-automation/Finaloop secures $35 Million in Series Ahttps://www.finextra.com/pressarticle/101198/finaloop-secures-35-million-in-series-aJune 2024 Update: Beta Release of an Online Passport Renewal Systemhttps://travel.state.gov/content/travel/en/passports/have-passport/renew-online.htmlCalifornia Board of Accountancy CPANext Surveyhttps://www.linkedin.com/posts/cbanews_we-want-to-hear-from-you-this-weekend-is-activity-7212584294232285184-25saNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Kwame Agyei, founder and CEO of Appoynt, joins Blake and David to discuss the benefits of outsourcing specific business functions like accounts receivable management. Kwame shares his unique journey from accountant to entrepreneur and offers practical advice on effectively leveraging virtual assistants while addressing common concerns around security and building trust. Meet Our Guest, Kwame AgyeiLinkedIn: https://www.linkedin.com/in/kwame-agyei-b3ab1333/Learn more about AppoyntWebsite: http://www.appoynt.co.uk/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Adam Zaki of CFO.com joins Blake and David to explore the trends reshaping the industry, from AI to the talent shortage. They dive into the murky waters of corporate financial controls and audit practices. They also examine what makes a truly effective CFO in today's dynamic business environment and why authenticity might be the most valuable trait in a leader's toolkit. Get an insider's perspective on the 150-hour CPA licensing requirement and hear ideas for reform that could revolutionize the profession.Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/casRightRev - http://accountingpodcast.promo/rightrevMakers Hub - http://accountingpodcast.promo/makershubChapters(01:18) - AI Trends in Finance (02:42) - Adoption and Challenges of AI (09:34) - Talent Shortage in Finance (13:33) - Gen Z in the Finance Profession (20:36) - Real Consequences of The Breakdown of Financial Controls (30:03) - AT&T is Bypassing Big 4 Recruitment & Blake's Career Path (31:45) - Q&A Session Begins (32:22) - Would You Trade Your Job for a CFO Role? (33:23) - Work-Life Balance in Accounting (35:10) - Other Ways We Can Attract Talent to The Accounting Profession (39:21) - Challenges in the Accounting Profession (50:06) - Mentorship and Leadership in Accounting (57:22) - Closing Remarks and Future Guests  Show NotesFollow Adam’s stories on CFO.com: https://www.cfo.com/editors/azaki/75% of employees use AI at work: report | CFO San Francisco 49ers, MLB Star Shohei Ohtani Wrestle With Poor Financial Controls 34% of KPMG tax, audit and advisory interns plan to stay 5 years at first job: report | CFO Gen Z Pivots from Accounting, Pursues Creative Freedom and Entrepreneurship | CFO No Gimmicks, Just Authenticity: How To Attract Gen-Z Talent | CFO Peacocking, newskilling and digital detox: 9 new workplace trends CFOs must know | CFO Senior Leaders Nearly Twice as Likely To Receive AI Resources as Junior Staff | CFONeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

SponsorsLiveFlow - http://accountingpodcast.promo/liveflowRightRev - http://accountingpodcast.promo/rightrevMakers Hub - http://accountingpodcast.promo/makershubChapters(00:38) - Blake's Conference Adventures (03:13) - AI and the Future of Auditing (05:16) - Insights from the IMA Conference (10:00) - The AI Tipping Point (14:48) - Microsoft Announces Delay of Their Ai Recall Tool (21:33) - AI in Financial Statement Analysis (34:12) - Community and Future Plans (38:08) - Synapse Bankruptcy and What It Means for FinTech Banks (49:50) - PwC and OpenAI Partnership (51:39) - EY Is Spending $1 Billion on Something (53:48) - Big Four Compensation Insights (57:16) - Fake News on Stimulus Checks (01:00:52) - Listener Mail and Advice for Starting a Firm (01:07:27) - Wrap-up and Announcements  Show NotesStudy: ChatGPT Better at Financial Statement Analysis Than Humanshttps://nysscpa.org/news/publications/the-trusted-professional/article/study-chatgpt-better-at-financial-statement-analysis-than-humans-060524PwC to resell ChatGPT Enterprisehttps://www.accountingtoday.com/news/pwc-to-become-first-official-reseller-for-openai-for-openais-chatgpt-enterpriseEY US to invest $1 billion in compensation and technology to improve the attractiveness of the accounting professionhttps://www.ey.com/en_us/newsroom/2024/06/ey-us-to-invest-1-billion-in-compensation-and-technologyChange is in the air: And it is helpful.https://www.orcpa.org/news/13ff8628-9c17-43b1-858a-148af698c818:change-is-in-the-air-and-it-is-helpfulPotential deposit shortfall in Synapse bankruptcy falls in regulatory grey areahttps://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/potential-deposit-shortfall-in-synapse-bankruptcy-falls-in-regulatory-grey-area-82041848Apple brings ChatGPT to Siri as it debuts ‘Apple Intelligence’ at WWDC 2024https://www.theguardian.com/technology/article/2024/jun/10/apple-ai-product-launchHow does Sam's Club AI work?https://www.statesman.com/story/news/state/2024/05/02/sams-club-ai-check-receipt-exit-stores-texas-locations/73526045007/ How fake stories about IRS stimulus checks took over the internethttps://www.fastcompany.com/91138837/fake-stories-irs-stimulus-checks-flood-internet-google-newsFact Check: Is The IRS Really Giving An $8700 Stimulus Check?https://finance.yahoo.com/news/fact-check-irs-really-giving-192246766.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Discover the compelling advantages of nearshoring your accounting and finance functions to Argentina. In this episode, Nicolás Villafañe, partner at South Offices, shares his insider perspective on why Argentina is a top destination for accessing skilled talent while enjoying significant cost savings compared to hiring in the US.Learn how Argentina's timezone alignment, cultural affinity, and highly qualified pool of licensed CPAs can provide your business with a seamless experience as if you were hiring remote employees. Nicolás also shares a case study of how his firm has partnered with a US client to build a successful, integrated team.If you've been considering nearshoring options, this episode is packed with valuable insights to help you evaluate your choices and unlock the benefits for your business. Tune in now to explore the power of nearshoring!Meet Our Guest, Nicolás VillafañeLinkedIn: https://www.linkedin.com/in/nicolasvillafane/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David get brutally honest about why pricey accounting conferences are a no-go and how the industry sidelines neurodivergent professionals. You'll also get a rundown of the rebranded Intuit Connect event's new direction, the political firestorm around IRS Direct File, and a Google Sheets update that will blow your mind. From the mailbag, don't miss one reader's incredible story of passing the CPA exam in record time and our take on why firms need to rethink degree requirements. Plus, we offer real-talk advice for starting your ownbookkeeping biz and take shots at the infamous 150-hour rule.SponsorsOnPay - http://accountingpodcast.promo/onpay Relay - http://accountingpodcast.promo/relayMakers Hub - http://accountingpodcast.promo/makershubChapters(01:02) - David Has FOMO (03:50) - The Cost of AICPA Engage (07:11) - ADHD and Conferences (16:39) - Community Engagement and Comments (21:23) - Intuit Connect Announcement & Going After the Mid-Market (28:54) - Future of Accounting with AI (32:59) - AI Agents Replacing Human Labor (34:07) - Preparing for a Future in Accounting (35:06) - The Value of Practical Experience (36:52) - Listener Feedback and Community Engagement (39:14) - Intuit and IRS Direct File Controversy (48:20) - Google Sheets' New Conditional Notifications (51:11) - Listener Mailbag: Unique Paths to CPA (55:28) - Earning Your Accounting Degree Quick! (59:13) - The Debate on College Degrees and Signaling (01:04:29) - Closing Remarks and Thanks for Listening  Show NotesHouse GOP proposes IRS funding cuts, defunding free tax filing ...Intuit Connect 2024 - Formerly QuickBooks ConnectGoogle Sheets’ new ‘conditional notifications’ easily keep track of small changes - The VergeNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Anthony Venette, Director of Business Valuation and Advisory Services at DeJoy & Co., joins Blake to discuss his unconventional career path and the world of business valuation. Anthony shares his journey from audit to tax and eventually to valuation, highlighting the importance of soft skills and effective communication in advisory roles. He also provides valuable insights into the day-to-day life of a valuation professional and offers advice for young CPAs interested in pursuing this career path.Meet Our Guest, Anthony VenetteLinkedIn: https://www.linkedin.com/in/anthonyvenettecpaabv/Learn more about DeJoy & Co.https://www.teamdejoy.com/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David delve into the accounting and bookkeeping aspects of Donald Trump's recent guilty verdict in New York. They discuss the charges related to falsifying business records and hush money payments and explore the potential implications for Trump's businesses and campaign. Their conversation also touches on the current state of AI in accounting, the retirement of AICPA president Barry Melancon, and the challenges facing the profession in attracting new talent.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Zoho - http://accountingpodcast.promo/zoho Blue Onion - http://accountingpodcast.promo/blueonion Bean - http://accountingpodcast.promo/beanChapters(01:10) - Breaking Down Trump's Guilty Verdict (02:56) - Analyzing the Charges (04:52) - Legal Implications and Campaign Finance (07:54) - Trump's Bookkeeping and Legal Strategies (10:01) - Asking ChatGPT How This Entry Should Have Been Coded (17:14) - Commercial Real Estate and Trump's Properties (24:50) - Puzzle Accounting and AI Automation (29:15) - Rose Financial's EASBY adds AI (33:23) - Challenges in AI Categorization (34:07) - Human Oversight in AI Accounting (35:38) - Digits' AI Performance and Market Comparison (39:10) - Live Listener Question: Career Path in Accounting (42:28) - University of Scranton Brags About Number of Accounting Papers They've Published (43:00) - AICPA's Future as President Barry Melancon Announces Retirement (52:32) - App Review: Rose AI-Powered Spreadsheet (54:34) - Watch Our TurboTax Business Assisted 2024 Review and Listen to the Best Metrics Podcast (57:07) - Earn CPE For Listening To Our Podcast  Show Notes"Who's the victim of Trump's Bookkeeping?" Washington Examinerhttps://www.washingtonexaminer.com/daily-memo/3014100/who-is-the-victim-of-trumps-bookkeeping/ Trump May Owe $100 Million From Double-Dip Tax Breaks, Audit Showshttps://www.nytimes.com/2024/05/11/us/trump-taxes-audit-chicago.html The Office-Market Meltdown Comes for Trump’s Prized Wall Street Buildinghttps://www.wsj.com/real-estate/commercial/the-office-market-meltdown-comes-for-trumps-prized-wall-street-building-31b3a667 Profession Leader Humbly Requests You STFU About Long Hours, Busy Season, and Stresshttps://www.goingconcern.com/profession-leader-humbly-requests-you-stfu-about-long-hours-busy-season-and-stress/ New AICPA chair: ‘We need to promote the cool work we do’https://www.journalofaccountancy.com/issues/2024/jun/new-aicpa-chair-we-need-to-promote-the-cool-work-we-do.html Rose Financial Solutions Sets Goal to Automate 85% of Finance and Accounting Activities by 2030https://www.prnewswire.com/news-releases/rose-financial-solutions-sets-goal-to-automate-85-of-finance-and-accounting-activities-by-2030-302145576.html TAP: TurboTax Business Assisted Review 2024 (for Tax Year 2023)https://www.youtube.com/watch?v=zaaMIV1lyns Check out Best Metrics here: https://bestmetrics.transistor.fm/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Dr. Mfon Akpan, Assistant Professor of Accounting at Methodist University joins Blake and David for a conversation on the impact of AI on accounting education, the challenges faced by accounting graduates entering the workforce, and the future of the CPA profession. Dr. Akpan shares his insights on incorporating AI into the classroom and the importance of lifelong learning in the rapidly evolving world of technology.Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/casKeeper - http://accountingpodcast.promo/keeperBean - http://accountingpodcast.promo/beanChapters(01:43) - AI in Accounting Education (02:49) - Prompting Techniques for AI (04:36) - Practical Applications of AI in Accounting (05:52) - Challenges and Benefits of AI in Education (07:00) - Incorporating AI into Accounting Curriculum (15:07) - Debate on Accounting Education and Skills Gap (23:51) - The 5th-Year Requirement for CPAs (35:01) - The Value of Personal Interaction in Education (35:42) - The Importance of Smaller Class Sizes (37:33) - The Role of AI in Education (41:29) - Improving Salaries in the Accounting Profession (43:09) - The Impact of Technology on Accounting Jobs (43:55) - Balancing Work and Life in Accounting (56:26) - The Future of Accounting Education (01:00:27) - Embracing AI in Accounting (01:03:30) - Final Thoughts and Conclusion  Meet our Guest, Dr. Mfon AkpanWebsite: https://mfonakpan.com/LinkedIn: https://www.linkedin.com/in/drmfonakpan/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David dig into reports from the Illinois CPA Society and National Pipeline Advisory Group highlighting issues like long work hours, the 150-hour rule, and low starting salaries. They examine the potential disruption of traditional accounting software by startups and vertical SaaS companies offering embedded accounting functionality and review some of the CPA Practice Advisor Readers' Choice Awards. Wrapping things up, they highlight the health risks of long working hours, and discuss the need for better work-life balance in accounting firms, based on a recent WHO report.SponsorsOnPay - http://accountingpodcast.promo/onpay Cloud Accountant Staffing - http://accountingpodcast.promo/casKeeper - http://accountingpodcast.promo/keeperBlue Onion - http://accountingpodcast.promo/blueonionChapters(01:44) - Does QuickBooks have some new competition? (07:05) - Layer wants to be a GL service (10:08) - Lili's place in the marketspace (13:26) - The role of accountants in software success (16:28) - CPA Practice Advisor's 2024 Reader Choice Awards (18:53) - Illinois CPA Society survey results (25:31) - WHO publishes estimates on health costs from working long hours (30:02) - The long-awaited NPAG Impact Report was released! (33:11) - Identifying pipeline problems (35:06) - Reasons students don't choose accounting majors (49:45) - Final points from report (53:31) - Blake's theory on why accounting starting salaries are low (01:00:15) - Thanks for listening and remember to subscribe  Show NotesTeal Announces $8M Seed Investment to Drive Next-Gen Accounting Products for Vertical SaaShttps://www.businesswire.com/news/home/20240520567117/en/Teal-Announces-8M-Seed-Investment-to-Drive-Next-Gen-Accounting-Products-for-Vertical-SaaSEmbedded accounting startup Layer secures $2.3M toward goal of replacing QuickBookshttps://techcrunch.com/2024/05/15/embedded-accounting-layer-2-3m-quickbooks/?guccounter=1Illinois CPA Society Releases Updated CPA Pipeline Reporthttps://www.icpas.org/about-us/press/press-release-details/2024/05/16/illinois-cpa-society-releases-updated-cpa-pipeline-reportNational Pipeline Advisory Group releases draft strategy reporthttps://www.accountingpipeline.org/draft-report/Embedded accounting startup Layer secures $2.3M toward goal of replacing Quickbooks | TechCrunch                https://techcrunch.com/2024/05/15/embedded-accounting-layer-2-3m-quickbooks/ The Best Tech for Accounting Firms: CPAs Voted for Readers Choice Tech Awards        https://www.cpapracticeadvisor.com/2024/05/15/2024-cpa-practice-advisor-readers-choice-award-winners-announced/105089/ Lili Launches New Accountant AI for Small Business Financial Management   https://www.cpapracticeadvisor.com/2024/05/16/lili-launches-new-accountant-ai-for-small-business-financial-management/105520/ Embedded accounting startup Layer secures $2.3M toward goal of replacing QuickBooks     https://techcrunch.com/2024/05/15/embedded-accounting-layer-2-3m-quickbooks/ Kabbage Inc. Settles Allegations of PPP Fraud        https://smallbiztrends.com/?p=1487492 US accounting group bows to calls for faster path for recruitshttps://www.ft.com/content/b6562303-cfda-4c6e-bb7b-8fe6e092bb01 National Pipeline Advisory Group releases draft strategy report - National Pipeline Advisory Group   https://www.accountingpipeline.org/draft-report/ Bench and Shopify alumni announce $11M CAD to build “the Stripe for accounting” with Teal - BetaKit                https://betakit.com/bench-and-shopify-alumni-announce-11-million-cad-to-build-the-stripe-for-accounting-with-teal/ Embedded accounting startup Teal raises $8M seed          https://www.axios.com/pro/fintech-deals/2024/05/20/embedded-accounting-teal-8-million-seed The Indicator from Planet Money : NPRhttps://www.npr.org/2024/05/17/1197964709/trade-wars-and-talent-shortages Canadian fintech Teal raises $8M to build ‘Stripe for accounting’               https://techfundingnews.com/canadian-fintech-teal-raises-8m-to-build-stripe-for-accounting/ Kabbage to pay $120M in PPP fraud settlements with DOJhttps://www.bankingdive.com/news/kabbage-pay-120-million-ppp-fraud-doj-small-business-loan-pandemic/716053/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or

This week, Blake and David are puzzled by the results of a survey that shows 40% of tax professionals believe generative AI will allow them to charge clients higher rates. They also cover the sham audit firm BF Borgers and question why the firm's CPA is still licensed despite SEC charges. Blake demonstrates how he uses Zapier Central to build an AI agent that can automatically respond to client emails about the status of their tax returns. Wrapping up, they examine Digits' $35 million raise and pivot to bill pay, and Xero's new filtering functionality for bank reconciliations. SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Cloud Accountant Staffing - http://accountingpodcast.promo/casKeeper - http://accountingpodcast.promo/keeperBlue Onion - http://accountingpodcast.promo/blueonionChapters(00:53) - Generative AI's Impact on Pricing (05:39) - The Curious Case of BF Borgers and Sham Audits (08:19) - The Slow Response of Regulatory Bodies to Fraud (18:07) - NASBA Hires New President (19:24) - NASBA and the CPA Exam: A Call for Modernization (28:16) - The Trump Stormy Daniels NY Trial (35:19) - Rudy Giuliani's Financial Woes: A Deep Dive (38:18) - Building AI Agents with Zapier Central: A How-To Guide (39:38) - AI Tools for Productivity: Insights from ClickUp (40:41) - The Power of AI in Automating Client Communication (48:04) - The Big Money in AI-Powered Practice Management (53:54) - Bill Pay Innovations and Market Dynamics (55:12) - Xero's New Features and Bank Feed Improvements (58:58) - The Real Value of Dashboards in Business Management (01:04:10) - Closing Remarks and Future Events  Show NotesRudy Giuliani Forced to Learn Accounting After Bankruptcy Beancounter Bailshttps://www.thedailybeast.com/rudy-giuliani-forced-to-learn-accounting-after-bankruptcy-beancounter-bails Stormy Daniels payment puts focus on Trump and check-writing as trial testimony resumeshttps://www.nbcnews.com/politics/donald-trump/former-white-house-executive-assistant-stand-trump-trial-dramatic-stor-rcna151578 Trump Accountant on His Stormy Daniels Coverup Notes: ‘I Made a Boo-Boo’https://www.yahoo.com/news/trump-accountant-stormy-daniels-coverup-152934446.html Trump Accountant Exposes Checks to Michael Cohen in Damning Testimonyhttps://newrepublic.com/post/181344/trump-accountant-checks-signed-michael-cohen-hush-money-trial What’s new in Xero — May 2024 - Xero Blog      https://blog.xero.com/product-updates/whats-new-in-xero-may-2024/ End of Trump Media’s Auditor Jolts Hundreds of Other Companies      https://news.bloombergtax.com/financial-accounting/end-of-trump-medias-auditor-jolts-hundreds-of-other-companies Trump Media hires new auditor after previous accounting firm charged with 'massive fraud'  https://www.cnbc.com/2024/05/06/trump-media-hires-new-auditor-after-accounting-firm-charged-with-fraud.html Digits Launches AI Bill Pay for Small Businesses            https://www.pymnts.com/news/b2b-payments/2024/digits-launches-ai-bill-pay-for-small-businesses/ Countsy Debuts Platform to Streamline Back-Office Managementhttps://www.pymnts.com/back-office/2024/countsy-debuts-platform-to-streamline-back-office-management/ Why we’re calling 2024 ‘the year of the US bank feed’  https://blog.xero.com/product-updates/year-of-the-us-bank-feed/ Let's Meet NASBA's Next President and CEO    https://www.goingconcern.com/lets-meet-nasbas-next-president-and-ceo/ Digits Launches AI Bill Pay for Small Businesses            https://www.pymnts.com/news/b2b-payments/2024/digits-launches-ai-bill-pay-for-small-businesses/ Digits AI Bill Pay -- The World's First AI Bill Pay, Built Specifically For Startupshttps://www.prnewswire.com/news-releases/digits-ai-bill-pay--the-worlds-first-ai-bill-pay-built-specifically-for-startups-302131944.html Imagine the Chaos If the PCAOB Starts Naming and Shaming Audit Deficiency Clientshttps://www.goingconcern.com/imagine-the-chaos-if-the-pcaob-starts-naming-and-shaming-audit-deficiency-clients/ 'Nobody seems interested' in helping Giuliani with accounting in bankruptcy case, lawyers claimhttps://thehill.com/video/%e2%80%98nobody-seems-interested%e2%80%99-in-helping-giuliani-with-accounting-in-bankruptcy-case-lawyers-claim/9675968/Canopy Secures $35 Million in Funding to Enhance AI-Powered Practice Management for Accounting Firms https://www.einnews.com/pr_news/709723429/canopy-secures-35-million-in-funding-to-enhance-ai-powered-practice-management-for-accounting-firms  Trump Media Replaces Its Accounting Firm BF Borgers With Semple, Marchal & Cooperhttps://www.fxleaders.com/news/2024/05/06/trump-media-replaces-its-accounting-firm-bf-borgers-with-semple-marchal-cooper/ Trump Org. accounting system was de...

Cody Turley, CPA and Certified Fraud Examiner, joins Blake and David to discuss his SEC career path, describing what it's like to investigate securities law violations. He emphasizes that while Big Four experience is valuable, it's not the only way to have a successful and meaningful accounting career. Cody shares insights into the benefits of working in government accounting roles, including greater responsibility early on, work-life balance, and the ability to transition to public accounting or industry later if desired.Meet Our Guest, Cody TurleyLinkedIn: https://www.linkedin.com/in/cody-turley-cpa-cff-cfe-776254122/Learn about SEC internship opportunities: https://www.sec.gov/pathways-internship-programNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

The SEC charged Trump's audit firm with a massive fraud – 1,500 fake filings over 2.5 years! Plus, hundreds of small US banks are at risk due to commercial real estate loan exposure. We're also talking about the potential of AI tools like Claude and ChatGPT to automate various accounting and business tasks, the controversial Corporate Transparency Act's beneficial ownership reporting requirements, and the possibility of its repeal. We wrap with fintech and crypto news, including Mercury Bank's rapid growth and potential regulatory issues.Sponsors Zoho - http://accountingpodcast.promo/zohoRelay - http://accountingpodcast.promo/relayKeeper - http://accountingpodcast.promo/keeperHarbor Compliance - http://accountingpodcast.promo/harborChapters(09:04) - Anthropic launches Claude for teams (11:12) - More LLM models pass CPA exam (18:28) - Blake demonstrates AI's abiity to help with emails (32:56) - 28 AI prompts for small businesses (36:39) - Oregon Senator going after TurboTax to issue refunds to Oregonians (38:44) - The possibility of a regional banking crisis (48:12) - The Corporate Transparency Act might be repealed (54:15) - Tether claims they can't find a Big 4 firm to audit them (56:54) - Mecurity Bank being looked at by FDIC (01:02:05) - Square to allow users to transfer percent of daily sales to Bitcoin (01:03:26) - Download and sign up for the Earmark app  Show NotesAnthropic launches a free Claude iOS app and Team, its first enterprise plan | ZDNEThttps://www.zdnet.com/article/anthropic-launches-a-free-claude-ios-app-and-team-its-first-enterprise-plan/ SEC.gov | SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filingshttps://www.sec.gov/news/press-release/2024-51 Oregon senator demands refunds for TurboTax customers over glitch | Accounting Todayhttps://www.accountingtoday.com/news/oregon-senator-demands-refunds-for-turbotax-customers-over-glitch Can LLMs Pass the CPA Exam? Evaluating Large Language Model Performance on the Certified Public Accountant Test by Will Zacher, Sanmukh Kuppannagari :: SSRN           https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4788096 Sam Altman says helpful agents are poised to become AI’s killer function | MIT Technology Review    https://www.technologyreview.com/2024/05/01/1091979/sam-altman-says-helpful-agents-are-poised-to-become-ais-killer-function/ Why hundreds of U.S. banks may be at risk of failure   https://www.cnbc.com/2024/05/01/why-hundreds-of-us-banks-may-be-at-risk-of-failure.html Tether CEO Says An Audit By A Big Four Giant Is Our Top Priority            https://coingape.com/tether-ceo-says-an-audit-by-a-big-four-giant-is-our-top-prioritterrestrialBlock lets Square merchants convert a part of their daily sales to bitcoinhttps://techcrunch.com/2024/04/24/block-now-lets-square-merchants-convert-a-part-of-their-daily-sales-to-bitcoin/ The 28 best AI prompts for small businesses    https://www.sage.com/en-us/blog/the-28-best-ai-prompts-for-small-businesses/ Congress considers how to fix the Corporate Transparency Acthttps://www.accountingtoday.com/news/congress-considers-how-to-fix-the-corporate-transparency-act Article from www.congress.gov              https://www.congress.gov/bill/118th-congress/house-bill/8147/cosponsors Binance founder Changpeng Zhao sentenced to 4 months in prison after plea dealhttps://www.cnbc.com/2024/04/30/binance-founder-changpeng-zhao-cz-sentenced-to-four-months-in-prison-.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher:

Blake and David examine the latest tax legislation traveling through Congress, including a new bill requiring the IRS to provide detailed explanations for math errors on tax returns. They also discuss the IRS's new direct file program, the banning of non-compete agreements, and the coolest profession around (spoiler alert: it's not accounting). Lastly, they touch on the concerning data breach at BerryDunn and the AICPA's efforts to rebrand the CPA to attract more young people to the field.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Zoho - http://accountingpodcast.promo/zohoKeeper - http://accountingpodcast.promo/keeperHarbor Compliance - http://accountingpodcast.promo/harborChapters(02:40) - New proposed IRS Math Act (05:42) - IRS wraps first season with free file program (09:44) - "The Magician" tax preparer arrested for $100 million tax fraud (15:11) - The future of social security (19:01) - Sam Bankman-Fried makes a deal in civil suit (20:34) - FTC rules noncompetes are unlawful (25:32) - Ryan Tax Firm challenges FTC noncompete ruling (28:04) - QuickBooks Live announcement upsets accountants (41:10) - Anonymous listener says you can work normal hours and still make money (44:31) - Accountant charged with embezzling $800k from CA paving firm (47:39) - Ryanair CEO thinks more accountants should be running airlines (55:25) - Accounting firm sued for data leak (57:22) - CPA "Coolest Profession Around) (01:01:35) - What is "Accounting Plus" (01:06:38) - NASBA offers The Accountancy Licensing Library (01:10:00) - Thanks for listening and remember to subscribe  Show NotesAccountant Charged With Embezzling $800,000 From Paving Firm in California - CPA Practice Advisor            https://www.cpapracticeadvisor.com/2024/04/25/virginia-accountant-charged-with-embezzling-800000-from-richmond-paving-firm/104508/ Ryan Leads Charge Against Biden’s Ban on Noncompete Clauses - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2024/04/26/ryan-leads-charge-against-bidens-ban-on-noncompete-agreements/104537/ Move Over, TurboTax? IRS Considers Expanding Free Tax-Filing Program – WSJhttps://www.wsj.com/personal-finance/taxes/irs-considers-expanding-free-tax-filing-program-8f68cc9a?st=0akqqiu2v0gjb8v Boeing Needs Another Accountant As CEO, Says Ryanair CEO – Avwebhttps://www.avweb.com/aviation-news/boeing-needs-another-accountant-as-ceo-says-ryanair-ceo/ Ultra-Rich Should Pay More Taxes to Save Social Security, Poll Shows - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2024/04/25/ultra-rich-should-pay-more-taxes-to-save-social-security-poll-shows/104458/ FTC Bans Noncompete Agreements That Restrict Job Switching – WSJhttps://www.wsj.com/politics/policy/ftc-bans-noncompete-clauses-that-restrict-job-switching-984d2187?st=sxhwibcr49evqxc Bronx tax preparer known as "the magician" arrested for $100 million tax fraud | ADN Américahttps://adnamerica.com/en/new-york/bronx-tax-preparer-known-magician-arrested-100-million-tax-fraud With close calls mounting, the FAA will require more rest for air traffic controllershttps://www.npr.org/2024/04/22/1246349237/close-calls-faa-air-traffic-control-fatigue New bill would force IRS to explain tax return errors | The Hillhttps://thehill.com/business/4602429-new-bill-would-force-irs-to-explain-tax-return-errors/ The Accountancy Licensing Library: Your Ultimate Resource for CPA Licensure | NASBAhttps://nasba.org/blog/2024/04/01/the-accountancy-licensing-library-your-ultimate-resource-for-cpa-licensure/ The cost of doing your taxes are up nearly 10% this year – Marketplacehttps://www.marketplace.org/2024/03/15/tax-preaparation-costs-up-nearly-10-percent/Sam Bankman-Fried agrees to help FTX investors in lawsuits against Tom Brady, Larry Davidhttps://nypost.com/2024/04/22/business/sam-bankman-fried-agrees-to-help-ftx-investors-in-lawsuits-against-tom-brady-larry-david/ Intuit Hosting 'QuickBooks Live' Webinar           https://insightfulaccountant.com/in-the-news/people-and-business/intuit-hosting-quickbooks-live-webinar/ QuickBooks "Live Experts" May Not Be So Badhttps://insightfulaccountant.com/accounting-tech/general-ledger/quickbooks-live-experts-may-not-be-so-bad/ Millions more salaried workers will be eligible for overtime pay under final Biden administration rulehttps://www.cnn.com/2024/04/23/politics/overtime-pay-salaried-workers-biden/index.html Senators introduce bill to simplify IRS notices https://www.accountingtoday.com/news/senators-introduce-bill-to-simplify-irs-notices IRS Says It Saw ‘Strong Response’ From Direct File Pilot Users This Tax Seasonhttps://www.cpapracticeadvisor.com/2024/04/26/irs-saw-strong-response-from-direct-file-pilot-users-this-tax-season/104545/ U.S. accounting firm Be...

Blake Oliver sits down with Brannon Poe of Poe Group Advisors to discuss the differences between traditional and subscription-based virtual accounting firms. Brannon shares his expertise on firm valuation, revealing that factors like cash flow to owner and owner hours play a significant role in determining a firm's value. He also emphasizes the importance of pricing strategies, noting that implementing value pricing and subscription models can dramatically improve a firm's profitability and overall value. Throughout the conversation, Brannon provides valuable insights and real-world examples to help firm owners maximize their firm's value in preparation for a potential sale.Meet Our Guest, Brannon PoeLinkedIn: https://www.linkedin.com/company/poe-group-advisors/Twitter: https://twitter.com/poegroupadvisorFacebook: https://www.facebook.com/PoeGroupAdvisors/Instagram: https://www.instagram.com/poegroup/Learn more about Poe Group AdvisorsWebsite: https://poegroupadvisors.com/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd(00:51) - Traditional vs. Subscription Accounting Firms (01:46) - The Value of Virtual Subscription Firms (02:11) - Factors Influencing Firm Valuation (02:37) - The Impact of Location on Valuation (07:19) - Key Metrics for Maximizing Firm Value (12:05) - Firm Valuations: Some Numbers (15:09) - Strategic Decisions for Firm Growth (20:55) - Final Thoughts and Resources for Brannon's Book and Academy TranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David take a dive into Google's decision to offshore accounting jobs to Mexico and India, which Google’s CFO claims is necessary to free up resources to invest in AI. They also discuss the stagnation of CPA salaries despite a shortage of talent. The conversation touches on a variety of other topics, including the modernization of the IRS, the future of the CPA profession, and advice for young accountants looking to carve their own career paths in a rapidly changing industry.Sponsors Relay - http://accountingpodcast.promo/relay Zoho - http://accountingpodcast.promo/zohoKeeper - http://accountingpodcast.promo/keeperSettle - http://accountingpodcast.promo/settleChapters(05:53) - Blake reads some tweets about hours people are working during busy season (10:52) - Unlimited PTO is worse for employees (13:22) - College degrees aren't necessary for success (20:24) - Florida creates retired CPA status (23:35) - Listener mail on the 150-hour rule and salaries (29:16) - Update on Boston's commercial real estate woes (33:48) - Why office rent prices are still so high (43:10) - Some encouraging IRS news (48:27) - Internal audit reveals 279 former IRS employees or contractors still had access to logins (52:12) - Offshoring can be good or bad (54:04) - Setting a limit on billable hours (55:50) - Let accounting firms decide what requirements accountants need (58:08) - The rise of the "remote partner" (01:04:00) - Wrap up and Earmark now has a web browser version  Show NotesGoogle restructures finance team as part of AI shift, CFO tells employees in memohttps://www.cnbc.com/2024/04/17/google-restructures-finance-team-as-a-part-of-ai-shift-cfo-tells-employees-in-memo.html Josh Youngblood, EA didn’t work over 40 hours per week in tax seasonhttps://x.com/joshyoungblood/status/1779858374403747847?s=12 Skills-Based Hiring Can Shred the Paper Ceiling | BCGhttps://www.bcg.com/capabilities/diversity-inclusion/expert-insights/skill-based-hiring-can-shred-paper-ceiling The Office Market Is in Turmoil. So Why Are Rents More Expensive? – WSJhttps://www.wsj.com/real-estate/commercial/the-office-market-is-in-turmoil-so-why-are-rents-more-expensive-d096f961?st=9ieavh5j7ep3wcw Florida Legislature Passes Bill Creating New Retired CPA Status | Florida Institute of CPAshttps://www.ficpa.org/publication/florida-legislature-passes-bill-creating-new-retired-cpa-status Kyle J. Bauman, CPA on X: "“Unlimited PTO” “Only 2100 Hours”https://twitter.com/kjb_cpa/status/1763595505928442248 62% of Americans Lack a College Degree. Can They Solve the Labor Shortage?https://www.wsj.com/lifestyle/careers/employers-open-more-doors-to-workers-without-degrees-but-few-are-getting-in-732f1098 Senior Leaders Nearly Twice as Likely To Receive AI Resources as Junior Staff | CFOhttps://www.cfo.com/news/senior-leaders-are-nearly-twice-as-likely-to-receive-ai-guidance/707230/ IRS didn't remove contractors' access to sensitive information | Accounting Todayhttps://www.accountingtoday.com/news/irs-didnt-remove-contractors-access-to-sensitive-information Boston mulls commercial tax hike        https://www.accountingtoday.com/articles/boston-mulls-commercial-tax-hike-to-counter-office-market-slump IRS Commissioner Delivers End Of Tax Filing Season Message Touting Improvementshttps://www.forbes.com/sites/kellyphillipserb/2024/04/15/irs-commissioner-delivers-end-of-tax-filing-season-message-touting-improvements/ Florida Creates New Status for Retired CPAs in the State          https://www.cpapracticeadvisor.com/2024/04/15/florida-creates-new-status-for-retired-cpas-in-the-state/103983/ Treasury cash balance jumps most in 2 years as tax payments risehttps://www.accountingtoday.com/articles/treasury-cash-balance-jumps-most-in-2-years-as-tax-payments-rise The rise of the remote accounting firm partner               https://www.accountingtoday.com/news/the-rise-of-the-remote-accounting-firm-partner Werfel sees IRS budget request yielding $341B in extra revenuehttps://www.cfodive.com/news/werfel-sees-irs-budget-request-yielding-341b-extra-revenue-tax-taxation-enforcement/713534/ Google restructures finance team as part of AI shift, CFO tells employees in memohttps://www.cnbc.com/2024/04/17/google-restructures-finance-team-as-a-part-of-ai-shift-cfo-tells-employees-in-memo.html Despite moratorium, IRS gets 20,000 ERC claims weekly, Werfel sayshttps://www.journalofaccountancy.com/news/2024/apr/despite-moratorium-irs-gets-20000-erc-claims-weekly-werfel-says.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com...

Blake and David delve into the effects of remote work on accountant salaries and the mental health challenges faced by auditors at Big Four firms. They inspect a recent study showing lower pay for hybrid workers compared to fully remote or in-office employees. They also contemplate the future of work organization inspired by Bill Anderson, CEO of Bayer, and discuss the potential impact of AI on the accounting profession, the accuracy of AI-related surveys, and the misrepresentation of AI capabilities in recent news headlines.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Uncat - http://accountingpodcast.promo/uncatEarmark - https://earmark.appSettle - http://accountingpodcast.promo/settleChapters(00:34) - Will accountants soon earn overtime pay? (04:57) - Listener writes in about their own audit experience at a Top-30 firm (08:14) - Trump's Truth Social audit update (14:44) - PCAOB proposed audit metrics (20:44) - 71% of Big 4 auditors worry about mental health (23:27) - Blake shares a clip from new Bayer CEO (33:48) - H&R Block employees prefer remote work (38:14) - Remote accountants get paid less (39:35) - Executives and managers perceive in-office workers as higher performers (42:06) - The four day work week is becoming more common (45:27) - Cody writes in about Big 4 vs industry (47:09) - Hannah asks about outsourcing and offshoring costs (49:59) - Amazon Fresh stores were using Indian employees for "just walk out" tech (55:22) - Shohei Ohtani's translator charged in sports gambling case (58:14) - Accounting Today wrongly claims accountants are saving 30 hours a week on average using AI (01:01:34) - Blake shares a clip from the All In podcast on the future of AI (01:04:48) - Is it time for a new ERP system? (01:07:47) - Thanks for listening and remember to subscribe  Show Notes71% of Big 4 Auditors Worry About Mental Health | CFO             https://www.cfo.com/news/71-of-big-4-auditors-worry-about-mental-health/712063/ Will Getting Rid of Bosses Fix the Workplace? - The Journal. - WSJ Podcastshttps://www.wsj.com/podcasts/the-journal/will-getting-rid-of-bosses-fix-the-workplace/fc0d31d3-2d08-441e-abd8-d77b660fe258 59% of accountants use AI to save about 30 hours a week on tasks | Accounting Todayhttps://www.accountingtoday.com/news/59-of-accountants-use-ai-to-save-about-30-hours-a-week-on-tasks Y Combinator wants to fund new enterprise resource planning (ERP) software"https://www.instagram.com/reel/C3-zHmOIqbI/?igsh=dTMxMDBjNGg3a2p0 Ohtani translator charged with stealing millions for 19,000 bets | Accounting Todayhttps://www.accountingtoday.com/articles/ohtani-translator-charged-with-stealing-millions-for-19-000-bets KPMG Fined Record $25 Million in Exam-Cheating Scandal – WSJhttps://www.wsj.com/articles/kpmg-fined-25-million-over-alleged-netherlands-exam-cheating-a4dcba2a?st=yl6xiqm8nh6gug8 Botkeeper Infinite replaces outsourcing with more AI to help firms automate | Accounting Todayhttps://www.accountingtoday.com/news/botkeeper-infinite-replaces-outsourcing-with-more-ai-to-help-firms-automate More Companies Adopt 4-Day Work Week - CPA Practice Advisor        https://www.cpapracticeadvisor.com/2024/03/27/more-companies-adopt-4-day-work-week/103199/ When Layoffs Happen, Remote Workers Are Hardest Hit - WSJ               https://www.wsj.com/lifestyle/careers/layoffs-remote-work-data-980ed59d?reflink=integratedwebview_share Does Working from Home Boost Productivity Growth? | San Francisco Fed     https://www.frbsf.org/economic-research/publications/economic-letter/2024/january/does-working-from-home-boost-productivity-growth/Trump Media's Accounting Firm Has Audit Deficiency History https://finance.yahoo.com/news/trump-media-accounting-firm-history-150150627.html Amazon's Just Walk Out Actually Uses 1,000 People in Indiahttps://www.businessinsider.com/amazons-just-walk-out-actually-1-000-people-in-india-2024-4 PCAOB Wallops KPMG Netherlands With Record $25M Fine For Exam Cheatinghttps://www.cpapracticeadvisor.com/2024/04/10/pcaob-wallops-kpmg-in-the-netherlands-with-25-million-fine-for-exam-cheating/103803/ PCAOB crackdown shifting to focus on auditing firmshttps://www.accountingtoday.com/news/pcaob-crackdown-shifting-to-focus-on-auditing-firms PCAOB Proposal Would Require Audit Firms to Disclose a Variety of Metricshttps://www.cpapracticeadvisor.com/2024/04/10/pcaob-issues-proposal-requiring-audit-firms-to-disclose-variety-of-metrics/103758/ PCAOB proposals call for firms to disclose more about themselveshttps://www.journalofaccountancy.com/news/2024/apr/pcaob-proposals-call-firms-to-disclose-more-about-themselves.html Only 48% of accounting, consulting, legal, and private capital professionals have used AI tools at work despite near ...

Joe Woodard joins Blake and David to examine how accountants and bookkeepers can increase the value of their services in the eyes of their clients. Joe introduces the Cobb value curve, illustrating how differentiation and relative value impact pricing. He emphasizes the importance of offering unique, high-value services like controllership and financial planning to stand out from commoditized offerings and command premium prices.Meet Our Guest, Joe WoodardLinkedIn: https://www.linkedin.com/in/quickbooksadvisorTwitter: https://twitter.com/joewoodardLearn more about WoodardWebsite: http://www.woodard.comNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David dive into the concerning trend of small CPA firms conducting shoddy audits of large companies and SPACs, raking in big fees while facing minimal consequences for deficient work. They also discuss the latest accounting app funding news, the power of AI for crafting persuasive arguments, and the American Institute of CPAs' puzzling resistance to changes in CPA licensure requirements and touch on the growing importance of client accounting services for public accounting firms.Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/cas Uncat - http://accountingpodcast.promo/uncatEarmark - https://earmark.appChapters(00:38) - Blake is back from a conference in Atlanta (03:12) - The truth behind Trump's Truth Social SPAC audit (18:41) - AI startup Fieldguide secures $30 million in Series B funding (21:57) - FundGuard secures $100 million in Series C funding round (23:42) - BotKeeper launches BotKeeper Infinite (29:29) - Scientists find that AI is more persuasive than humans at changing people's opinions (37:41) - Formula 1 team using Excel to track car parts (39:34) - CAS is the fastest-growing service in Accounting Today's annual survey (41:34) - The AICPA warns about losing the 150-hour rule (48:46) - Send us an email and remember you can earn FREE CPE for listening to this podcast!  Show NotesFieldguide Raises $30 Million to Combat CPA Shortage With AIhttps://www.pymnts.com/news/investment-tracker/2024/fieldguide-raises-30-million-to-combat-cpa-shortage-with-ai/AI accounting startup raises $100Mhttps://www.accountingtoday.com/articles/ai-accounting-startup-fundguard-raises-100m-in-new-fundsOn the Conversational Persuasiveness of Large Language Models: A Randomized Controlled Trial (PDF) https://arxiv.org/pdf/2403.14380.pdf?utm_source=www.therundown.ai&utm_medium=newsletter&utm_campaign=nvidia-s-new-ai-chip-competitor The year CAS took overhttps://www.accountingtoday.com/opinion/the-year-cas-took-over-accountingNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsRoyalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/ClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David dig through the latest accounting news, including the effectiveness of pizza parties in boosting accounting firm morale, the record number of baby boomers reaching retirement age, and the impact on Social Security, as well as the massive amount of COVID-related fraud originating in South Florida. They also take a look at audit integrity issues, the long working hours in accounting, and some of the latest app headlines.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Relay - http://accountingpodcast.promo/relay Bookkeep - http://accountingpodcast.promo/bookkeepChapters(00:22) - Thomson Reuters says pizza parties boost accountants morale (03:33) - Trump cheats at golf (04:50) - Truth Social goes public (07:41) - Grant Thornton sells majority stake to private equity firm (12:28) - Almost 20% of all PPP fraud happened in South Florida (17:59) - 49ers docked 5th round draft pick for accounting error (20:08) - Sam Bankman Freed sentenced to 25 years in prison (22:29) - David shares WSJ video on the future of social security (31:16) - Tingo audit faulire update (41:48) - Big 4 Transparency firm awards (50:28) - Blake takes on a Reddit user's problem (56:35) - Microsoft Teams combining business and personal offerings (57:04) - Thanks for listening and remember to subscribe  Show NotesFTX Founder Sam Bankman-Fried Sentenced to 25 Years https://www.wsj.com/finance/currencies/sam-bankman-fried-sentencing-ftx-fraud-2d92fce9?st=d45lmr6uc8gg6wcTrump ‘cheats like a mafia accountant’ at golf, writer who played with him says - pennlive.com https://www.pennlive.com/news/2024/03/trump-cheats-like-a-mafia-accountant-at-golf-writer-who-played-with-him-says.htmlBig 4 Transparency - Awards Season 🏆 https://big4transparency.beehiiv.com/p/big-4-transparency-awards-season?utm_source=big4transparency.beehiiv.com&utm_medium=newsletter&utm_campaign=big-4-transparency-awards-seasonPCAOB bars Colorado firm Gries & Associates from doing audits | Accounting Today https://www.accountingtoday.com/news/pcaob-bars-colorado-firm-from-doing-auditsSan Francisco 49ers docked 2025 fifth-round draft pick for accounting error | FOX Sports https://www.foxsports.com/stories/nfl/san-francisco-49ers-docked-2025-fifth-round-draft-pick-for-accounting-errorGrant Thornton gets major PE stake from New Mountain Capital | Accounting Today https://www.accountingtoday.com/news/grant-thornton-gets-major-pe-stakeHow Miami Became a Hub of PPP Fraud After Pandemichttps://www.cpapracticeadvisor.com/2024/03/26/how-miami-became-a-hub-of-ppp-fraud-after-pandemic/103156/ Audit Plan to Flag Illegal Acts Needs Do-Over, Critics Chargehttps://news.bloombergtax.com/financial-accounting/audit-plan-to-flag-illegal-acts-needs-do-over-critics-charge Blackrock larry fink annual letter 8484e68e      https://www.wsj.com/finance/investing/blackrock-larry-fink-annual-letter-8484e68e Ahead of sentencing, SBF team argues for 5-6 years in jail because FTX customers will get money back          https://www.cnbc.com/2024/03/27/sbf-team-argues-for-5-6-year-sentence-ftx-customers-to-get-money-back.html The Home Stretch: Strategies & insights for today’s tax professionals as their busy season concludes              https://www.thomsonreuters.com/en-us/posts/tax-and-accounting/home-stretch-tax-professionals/ Trump's social media company rises 16% in first day trading gains, but the stock could fall 95%, says an IPO expert  https://fortune.com/2024/03/26/trump-social-media-rises-trading-gains-fall-expert/ FTX founder Sam Bankman-Fried gets 25 years in prison           https://www.bankingdive.com/news/sam-bankman-fried-25-years-prison-fraud-conspiracy-ftx-crypto-sbf-kaplan-alameda/711601/ IRS Criminal Investigation Says COVID-Related Fraud Totaled Nearly $9 Billionhttps://www.forbes.com/sites/kellyphillipserb/2024/03/28/irs-criminal-investigation-says-covid-related-fraud-totaled-nearly-9-billion/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? ...

Blake and David meet with M&A advisor Charles Bedard about valuations for accounting firms looking to sell. Bedard explains that subscription-based "modern" firms command much higher multiples than traditional hourly billing firms. Bedard provides specific valuation ranges based on revenue and EBITDA multiples and highlights the importance of recurring revenue. He also offers actionable tips for firm owners to increase their value in preparation for an exit.Meet Our Guest, Charles BedardLinkedIn: https://www.linkedin.com/in/charlesbedard/Twitter: https://twitter.com/SolvingtheValueLearn more about ERGO Comps, LLChttp://www.ergocomps.com/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David look at the potential impact of AI on the accounting profession and discuss how AI tools like ChatGPT can boost productivity by automating tasks, improving communication, and assisting with problem-solving. They also examine the implications of these efficiency gains on the billable hour, predicting that firms will need to adapt their pricing strategies as a result. Finally, they review the results of a recent Accounting Today survey, which reveals accountants' perceptions and concerns about AI in the profession.Sponsors OnPay - http://accountingpodcast.promo/onpayKeeper - http://accountingpodcast.promo/keeper Bookkeep - http://accountingpodcast.promo/bookkeepChapters(02:24) - The inefficiency at Disney World compared to accountants and timesheets (09:38) - JP Morgan AI tool cuts human work by 90% (11:14) - BofA Cash Pro Forecasting (18:29) - Blake checks in on live chat (19:11) - Survey on how much people actually want to work (27:17) - Kindness initiatives at firms (28:26) - Is gratitude better than a pay raise? (29:34) - New Accounting Today AI survey (40:00) - Blake shares example of how he used AI in his personal life (42:36) - Forbes article on ChatGPT prompts for leaders and managers (55:29) - Thanks for listening and remember to subscribe  Show NotesJPMorgan Says Its AI Cashflow Tool Cut Human Work Almost 90%https://www.entrepreneur.com/business-news/jpmorgan-says-its-ai-cashflow-tool-cut-human-work-almost-90/470682 Accounting's reluctant AI revolution    https://www.accountingtoday.com/research-report/accountings-reluctant-ai-revolution Firms find it’s cool to be kind    https://www.journalofaccountancy.com/issues/2024/mar/firms-find-its-cool-to-be-kind.html Bank Of America CashPro Forecasting               https://business.bofa.com/en-us/content/cashpro-forecasting.htmlAmericans Don’t Care as Much About Work. And It Isn’t Just Gen Z.https://www.wsj.com/lifestyle/careers/americans-attitude-work-data-0c2e487c?st=zyx80zw1zyfu1jfGratitude is Better Than a Pay Raise for 55% of U.S. Workers, Survey Findshttps://www.cpapracticeadvisor.com/2024/02/29/gratitude-is-better-than-a-pay-raise-for-55-of-u-s-workers/102148/12 ChatGPT Prompts For Leaders And Managers In 2024https://www.forbes.com/sites/rachelwells/2024/01/23/12-chatgpt-prompts-for-leaders-and-managers-in-2024/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsRoyalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/ClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Professor Ed Ketz of Penn State joins the show to discuss audits' current state and future. We delve into the relevance of audits and explore the value of unqualified opinions in making audits meaningful. The discussion also touches on the overstandardization of audit reports and how this can lead to investor misunderstandings. Professor Ketz brings a unique perspective, sparking a debate on whether the existence of the unqualified opinion creates value rather than the content within. The episode ends with a brainstorm on potential regulation improvements to improve audit quality and usefulness.Meet Our Guest, Ed KetzWebsite: https://directory.smeal.psu.edu/k55LinkedIn: https://www.linkedin.com/in/ed-ketz-7982421a7Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David start with a discussion on Federal Reserve Chairman Jerome Powell's testimony regarding the failure of small and mid-sized banks due to exposure to the commercial real estate sector. They also get into Minnesota's CPA licensure bill for 150-hour requirement alternatives and KPMG's audit findings on the Department of Education and the cost of the federal student loan program. Rounding out the episode, they answer listener questions and comments on topics including the psychological challenges of CPA firm employment, NASBA's lack of customer service, and the high fees for taking the CPA exam internationally.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowKeeper - http://accountingpodcast.promo/keeperClient Hub - http://accountingpodcast.promo/clienthubChapters(00:28) - Welcome to the show, how much trouble are small banks in? (06:49) - Minnesota CPA Society's Pathways CPA Licensure Bill advances in Senate (10:08) - Our listener plugs a security hole in tax client portal software (14:03) - The cultural issues that plague the accounting profession (20:57) - Fortune magazine article that CPAs need to tell their stories (24:48) - Should we have a federal CPA license? (27:54) - The government doesn't know the costs of student loans (35:03) - Christy shares a positive message (36:21) - Does starting your career at Big 4 lead to better industry jobs? (40:42) - Alex writes in about problems they had scheduling their CPA exam (45:55) - IRS inviting biggest ERC filers to learn the correct way to file them (50:34) - Tax preparer using basic Word doc to collect information (52:04) - Listener replies to Blake's Accounting Today article (54:27) - The international costs to take the CPA exam (57:45) - The firm and work culture issue (58:52) - Why students don't want to major in accounting (59:39) - Thanks for listening! The new Earmark app is coming soon!  Show NotesCould CPAs telling their stories be the key to attracting Gen Zers to accounting? A PwC vice chair thinks so   https://fortune.com/2023/11/15/cpa-attracting-gen-z-accounting-pwc/ Senate File 1660, the MNCPA-backed bill to broaden the pathways to CPA licensure, advanced in the Minnesota Senate on Thursday.     https://www.mncpa.org/about/press/releases/pathways-cpa-senate-bill-hearing/ Powell: ‘There will be bank failures’ caused by commercial real estate losseshttps://thehill.com/business/4516758-powell-there-will-be-bank-failures-caused-by-commercial-real-estate-losses/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsFutureFirm - https://futurefirmaccelerate.com/capRoyalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/ClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Here's a preview of Blake's recent appearance on Federal Tax Updates, where he joined host Roger Harris to unpack some of the biggest tax stories making headlines, from a federal court ruling deeming a new business reporting law unconstitutional to the staggering estimates of tax evasion by the wealthy. To hear the complete discussion, visit Federal Tax Updates: https://share.transistor.fm/s/d8c45ed9Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Blake and David meet up with AJ Yawn, partner at Armanino LLP, about Armanino's new tool, Audit Ally, which streamlines and automates SOC 2 audits. They discuss the growing trend of tech companies entering the audit space and commoditizing services like SOC 2 audits, and explore how Audit Ally aims to help accounting firms compete on price and quality by utilizing AI and machine learning.Meet Our Guest, AJ YawnLinkedIn: https://www.armanino.com/company/people/aj-yawnLearn about about Audit Ally Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

We're celebrating surpassing 10,000 YouTube subscribers! Thank you! Blake and David look into H&R Block's new reality show about teaching people life skills like doing their taxes. They also talk about workflow automation challenges for accounting firms, how the IRS is contacting wealthy non-filers, and the Trump Organization CFO pleading guilty to perjury. They also break down the SEC's extensive new climate disclosure rules and the job opportunities this could create for accountants.Sponsors FreshBooks - http://accountingpodcast.promo/freshbooksRelay - http://accountingpodcast.promo/relay Webgility - http://accountingpodcast.promo/webgilityChapters(03:04) - H&R Block is creating a reality TV show (08:51) - WSJ Op-Ed says IRS agents shouldn't work from home (12:21) - The Accountant 2 gets a big tax credit (14:42) - South Carolina finds $2 billion in bank account (20:49) - Bloomberg article on the lack of accountants (23:18) - Regional banks in trouble? (27:00) - Lyft being sued by their shareholders (29:39) - Is bad workflow automation the cause of bad work/life balances? (37:42) - CPA Trendlines: "Which Niche is the Best Niche?" (46:28) - TurboTax and H&R Block are using AI giving awful tax advice (50:12) - Blake shares new SEC rule's GPT he made (53:19) - AI and data privacy concerns (55:48) - Can AI predict when you'll die? (01:01:37) - Former Trump CFO Allen Weisselberg pleads guilty to perjury (01:03:56) - Thanks for listening and remember to subscribe  Show Notes2024 Report: The State of Accounting Workflow Automationhttps://financial-cents.com/resources/articles/2024-report-state-of-accounting-workflow-automation/ Gartner Survey Shows That a Third of Accountants Make Several Financial Errors Per Week due to Capacity Constraints       https://www.gartner.com/en/newsroom/press-releases/2024-02-21-gartner-survey-shows-that-a-third-of-accountants-make-several-error-per-weeo-due-to-capacity-constraints The U.S. is short 340,000 accountants-just look at the wave of earnings report mistakeshttps://fortune.com/2024/03/01/accounting-shortage-earnings-report-mistakes/ Intuit, H&R Block tax AIs critiqued on accuracyhttps://www.accountingtoday.com/news/intuit-h-r-block-tax-ais-critiqued-on-accuracy-of-answers-many-inaccurate SC accounting error gets renewed focus over $1.8B sitting in state bank accounthttps://www.southcarolinapublicradio.org/sc-news/2024-03-05/legis-treasurermoney Ex-Trump Org CFO Pleads Guilty to Perjury in Fraud Casehttps://www.cpapracticeadvisor.com/2024/03/05/ex-trump-org-cfo-pleads-guilty-to-perjury-in-fraud-case/102306/ H&R Block to Release Short Format Comedy Streaming Series, “Responsibility Island”https://www.cpapracticeadvisor.com/2024/02/29/hr-block-to-release-short-format-comedy-streaming-series-responsibility-island/102172/ Federal court holds Corporate Transparency Act unconstitutionalhttps://www.journalofaccountancy.com/news/2024/mar/federal-court-holds-corporate-transparency-act-unconstitutional.html Lyft earnings report error prompts shareholder lawsuit              https://finance.yahoo.com/news/lyft-earnings-report-error-prompts-150849490.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsFutureFirm - https://futurefirmaccelerate.com/capRoyalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/ClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel ma...

Blake and David meet with Chris Vanover, President of CPAClub, about the recent $2 million PCAOB fine against Withum for poor audit quality on many 2021 SPAC audits. They examine Withum's 500% increase in audits with minimal staff growth, leading to overworked teams and partners working 100+ hour weeks. They also debate whether the fines are large enough to change behavior or just a cost of doing business.Meet Our Guest, Chris VanoverLinkedIn: https://www.linkedin.com/in/chrisvcpa/Learn more about CPAClubWebsite: https://cpaclub.cpa/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Fast food chain Wendy's considers demand pricing – should your firm, too? We discuss the potential for surge pricing tax returns to smooth workload and raise revenue. We also dive into new AI-powered accounting productivity tools from Sage and Xero, Zoho's $5 per user practice management suite, and analyze the results of our listener survey.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoClient Hub - http://accountingpodcast.promo/clienthubChapters(06:40) - What can accountants learn and try in pricing? (13:59) - The IRS debuts free file system (26:47) - Xero announces their AI tool JAX (34:12) - QuickBooks new offering, Solopreneur (40:11) - Zoho is getting into practice management (44:52) - FTC goes after H&R Block over free filing claims (47:15) - Can AI teach accounting? (55:41) - TAP Listener Survey results (01:00:40) - Blake asks AI to generate an image of the average listener (01:05:09) - Thanks for listening and remember to subscribe  Show NotesJust Ask Xero | Xero US Introduction to QuickBooks Solopreneur (intuit.com) Practice software features for businesses | Zoho practice FTC alleges H&R Block deleted customer tax data, used deceptive advertising             IRS Direct File free tax system moves into public test phase Intuit introduces QuickBooks Solopreneur for one-person businesses Intuit Introduces QuickBooks Solopreneur, an Easy-to-Use Financial Tool Built for One-Person Businesses    H&R Block’s online tax prep tricked customers into paying more money, FTC claims AI will 'change nature' of accounting, says Sage boss    Sage launches generative AI copilot assistant for SME accounting H&R Block ‘Data Wiping’ and Upgrade Policies Harm Taxpayers, FTC Says Expert Examines AI's Role in Accounting Education       Sage Intacct Unveils New Features to Streamline Operations and Boost Productivity Zoho dives into practice management with Zoho Practice Xero's AI Leap: Unveiling 'Just Ask Xero' to Revolutionize Small Business Accounting How GenAI will shape the future for our customers       IRS reopens Direct File testing after pause Study: ChatGPT Won’t Be Replacing Accounting Professors In the Near Future ChatGPT in Education: Study Reveals Utility and Limits in Financial Accounting Learning Xero wants to use AI to help your SMB solve all its accounting woes Wendys surge pricing ai backlash internet        Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/pod...

Aaron Harris joins Blake and David to discuss Sage's new AI offering, Sage Copilot, which brings generative intelligence into Sage Intacct to eliminate routine accounting work. They discuss specific use cases Copilot handles, like chasing people for approvals/documents, drafting emails, and answering ad hoc questions without running reports. Aaron also shares his perspective on AI’s impact on the accounting profession and why increased automation will make human review and trust even more essential.Meet Our Guest, Aaron Harris, CTO, SageLinkedIn: https://www.linkedin.com/in/aaron-harris-7407b2/Twitter: https://twitter.com/i/flow/login?redirect_after_login=%2FAaronRHarrisLearn more about Sagehttp://www.sage.comListener SurveyPlease take our listener survey: https://accounting.show/surveyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David discuss the Lyft financial typo that sent its stock price soaring. They also examine how AI-powered help desks and customer service are improving efficiency by 10-20%, and look at some alternatives to the pesky 150-hour rule. Other news includes the future of commercial real estate taxes, the use of AI tools to monitor employee communications, and how the IRS plans to collect over $500 billion more in owed taxes. Sponsors OnPay - http://accountingpodcast.promo/onpayCloud Accountant Staffing - http://accountingpodcast.promo/casWebgility - http://accountingpodcast.promo/webgilityChapters(00:39) - David asks Blake to guess the profession (07:25) - Lyft's earnings report typo (14:36) - Trump found guilty! (23:08) - The City of Boston could lose over $1 billion from commercial real estate taxes (29:24) - How are some companies using generative AI to improve their businesses? (37:11) - Companies using AI to monitor employee messaging (40:20) - New Jersey CPA Society talks 150-hour rule (52:21) - The IRS is collecting $500 billion more in taxes (54:04) - Thanks for listening, leave us a review and Earn Free CPE  Show NotesHow Walmart, Delta, Chevron and Starbucks are using AI to monitor employee messagesLyft's Extra Zero Puts Focus on Corporate Controls: Explained$1,741 Is the Average Tax Refund So Far, IRS SaysIRS aims to close 'inequity gap' for unpaid taxes. How the agency targets top earners for auditAs A New Tax Filing Season Kicks Off, We Look at the IRS Efforts to Improve Customer Service and the Audits of Two Very Different Kinds of Taxpayers               Trump civil fraud case: Judge fines Trump $354 million, says frauds 'shock the conscience'                How WeWork became the largest tenant in Boston           In biggest office lease of the year, Deloitte plans move to Winthrop Center             Lyft CEO addresses major typo in earnings report Listener SurveyPlease take our listener survey: https://accounting.show/surveyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsThe CAS Cache - https://cas.beehiiv.com/Royalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/ FutureFirm - https://futurefirmaccelerate.com/capClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David meet with Geoffrey Brown of the Illinois CPA Society to examine some key findings from ICPAS's recent retention report, including top reasons for turnover, where departing accountants are going, and ideas for improving work-life balance.Meet Our Guest, Geoffrey BrownLinkedIn: https://www.linkedin.com/in/geoffrey-brown-cae-9039484/Twitter: https://twitter.com/IllinoisCPAFacebook: https://www.facebook.com/ICPASInstagram: https://www.instagram.com/illinoiscpasociety/Learn more about the Illinois CPA Society (ICPAS)Website: https://www.icpas.org/Listener SurveyPlease take our listener survey: https://accounting.show/surveyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David break down the IRS's $99 million paper-check limit, how states use tax credits to attract movie productions (sometimes unsuccessfully) and give their take on actor Kenan Thompson losing $1.5 million to fraud as a child. They also cover couples arguing over finances, AI answering tax questions in California, accounting rules hiding commercial real estate loan losses on bank balance sheets, and the lack of action from accounting standards boards to change these rules.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Relay - http://accountingpodcast.promo/relayClient Hub - http://accountingpodcast.promo/clienthubChapters(00:40) - What's the largest check you can write to the IRS? (05:38) - Jeff Bezos could be saving $600 million from moving to Florida (14:44) - Why movie studios are throwing out projects for tax breaks (21:03) - Keenan Thompson's accountant stole $1.5 million from him (26:27) - How much of relationship problems are finance-related? (31:38) - California plans to use AI to help answer people's tax questions (35:51) - PwC UK boss says AI is why workers should be in the office (40:45) - Silicon Valley Bank collapse follow-up and why it could happen again (51:09) - Thanks for listening and check out the Unofficial Quickbooks Accountants Podcast  Show NotesWarner Bros.' Disgusting Accounting Trick May Find an Opponent in the U.S. GovernmentIRS Seeks More Than $1 Billion From SVB for TaxesIRS sues FDIC to get $1.45B in SVB back taxes       Mayweather’s $18 Million Check To The IRS Packs A Punch, But Is Under The $100 Million Weight LimitCalifornia plans to use AI to answer your tax questionsJeff Bezos will save over $600 million in taxes by moving to MiamiThe Indicator from Planet Money : NPR  Mayweather’s $18 Million Check To The IRS Packs A Punch,But Is Under The $100 Million Weight Limit Jeff Bezos reaps Florida tax benefit with $4B Amazonshare sale Young staff need to be in the office because of AI, saysPwC's UK boss | Accounting Today Money is the Biggest Relationship Hurdle for 1 in 4Couples, Survey Reveals - CPA Practice Advisor Kenan Thompson Reveals a Crooked Accountant Stole $1.5Million From Him During His Nickelodeon Days | Video When accountants attack: why Netflix is cancelling HalleBerry’s new sci-fi movie Ben Affleck Reportedly Filming The Accountant 2 This Year FASB Won’t Consider Changes in Securities AccountingAfter Bank Failures - WSJNew York Community Bank’s Commercial Real Estate LoanProblem May Be Isolated, Experts Say Banking Crisis Plays Out at America’s Smallest LendersListener SurveyPlease take our listener survey: https://accounting.show/surveyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast:...

Blake and David talk with Chayton Farlee, an accounting student at the University of the Pacific, about his journey into accounting and his thoughts on the profession. They discuss his inspiring path from cleaning carpets during the pandemic to pursuing his CPA and CMA, the disconnect many students feel between accounting theory and real-world application, the importance of bookkeeping skills, and considerations around starting his career at a Big Four firm or a smaller, more lifestyle-friendly firm.Meet Our Guest, Chayton FarleeLinkedIn: https://www.linkedin.com/in/chaytonfarlee/Listener SurveyPlease take our listener survey: https://accounting.show/surveyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David discuss a wealth of timely topics, including the risks of filing taxes electronically versus by mail, the impact of the 150-hour rule on diversity in the accounting profession, and how major accounting firms are turning to private equity funding to accelerate growth. They also explore news from the artificial intelligence space, including Google's unveiling of Gemini, as well as ADP's new AI assistant, and examine how deepfake video calls enabled the theft of $25 million.SponsorsRelay - http://accountingpodcast.promo/relayFreshBooks - http://accountingpodcast.promo/freshbooksAirbase - http://accountingpodcast.promo/airbaseChapters(00:29) - Welcome to the show (03:24) - Finance worker pays $25 million after video call with a deep fake of company CFO (08:54) - Is QuickBook taking tax accountants' jobs? (16:23) - Three AI accounting startups raise money funding round (25:14) - Baker Tilly is now private-equity-owned (27:32) - How much do the Big 4 spend on lobbying? (31:52) - The Wall Street Journal's terrible opinion piece of E-filing (38:25) - 13 states are suing the IRS for direct file system (40:15) - MIT study on effects of 150-hour rule (46:28) - Dual licensed CPAs and CMAs earn almost $40k more per year (49:17) - Google releases Gemini and is retiring BARD (53:33) - ADP launches ADP Assist (56:48) - Gemini also now does AI art (59:25) - Thanks for listening and please fill out our survey  Show NotesFinance Employee Defrauded for $25M by Deepfake CFODual Certifications Mean Big Bucks for Accountants - CPA Practice AdvisorBaker Tilly US gets PE investment | Accounting TodayBig Four Lobby Congress on Accounting Pipeline, AI, CryptoBeware of E-Filing Your Tax ReturnQuickBooks Live Tax Update: Understanding QuickBooks customers use of tax prep servicesAccounting software startup Pennylane becomes France’s latest unicorn | TechCrunchGoogle’s Gemini is now in everything. Here’s how you can try it out.Accounting body tells members to make annual pledge to be ethical    Platform Accounting Group gets $85M funding round   Finally, now with $10M, adds AI for better insight into small business accounting    AI Will Be Doing More Accounting If Startup Investors Have Their Way    ADP launches ADP Assist genAI assistant    Republican attorneys general denounce IRS free file pilot as rival to products like TurboTax    Higher tax filing costs could take a bite out of your refund    DataSnipper, startup that uses AI to eliminate some of the ‘dread’ in accounting, is valued at $1 billion in latest funding round    Platform Accounting Group Secures $85 million in Funding Led by Cynosure Group    Finally Raises $10 Million to Expand Small Business Automation Solutions    Finally, the AI-Powered Accounting & Finance Suite, Closes $10M Raise to Propel SMB Growth Forward    France gains a new unicorn as Pennylane raises €40m    QuickBooks Live Tax Update     Beware of E-Filing Your Tax Return    DataSnipper Raises $100M at $1B Valuation to Empower Auditors with AI    Big Four Lobby Congress on Accounting Pipeline, AI, Crypto    Finance worker pays out $25 million after video call with deepfake ‘chief financial officer’    I'm an Accountant and Here's Why I'd Never File My Taxes Online — Best Life Listener SurveyPlease take our listener survey: https://accounting.show/surveyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver ...

Yoseph West joins Blake and David to examine Relay Financial's background and their ambition to solve banking problems by becoming a bank themselves, designing the ideal user experience, and overcoming regulatory challenges. West also outlines Relay's redesigned accountant partner program, its many benefits, and upcoming features like receipt capture. The discussion turns to best practices for incorporating technology like Relay into accounting practices to solve client problems and the importance of understanding client pain points.Meet Our Guest, Yoseph WestLinkedIn: https://www.linkedin.com/in/yosephwest/Twitter: https://twitter.com/bankwithrelayFacebook: https://www.facebook.com/bankwithrelayInstagram: https://instagram.com/bankwithrelayLearn more about the Relay Partner Program: https://www.relayfi.com/advisor-partner-program?referralcode=acctpod&utm_source=ab&utm_medium=podcast&utm_campaign=abpartnerprogramDisclaimer: Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance are provided through Thread Bank; Member FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are acceptedListener SurveyPlease take our listener survey: https://accounting.show/surveyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

CNBC tells taxpayers to seek out EAs if they can't find a CPA, crypto fraud by a pastor who claims God told him to do it, issues with IRS taxpayer notices and filing, accounting irregularities at agricultural giant ADM send the stock plummeting, CPA reciprocity is a pain, AI updates including Microsoft Mesh VR meetings in Teams, FTC forcing TurboTax to stop advertising as "free," Wave’s new paid subscription model, and the liquidation threat facing massive Chinese developer Evergrande.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoClient Hub - http://accountingpodcast.promo/clienthubChapters(00:29) - Welcome to the show (02:19) - CNBC article on what to do if you can't find a CPA to do your taxes (07:12) - Trump tax leaker sentenced to 5 years in prison (08:45) - FTC rules Intuit can no longer advertise their product as free (12:51) - H&R Block and Intuit are suing each other and each one's AI (18:39) - Brex is cutting 20% of their staff (20:59) - Microsoft Mesh and virtual reality meetings (24:14) - Wave introduces paid pro plan (26:05) - Microsoft passes Apple as the world's most valuable company (30:01) - Blake reads a few live viewer comments (30:57) - ADM suffers big stock drop amid accounting investigation (36:03) - Pastor charged with cryptocurrency fraud (38:35) - FTX has amassed $4.4 billion by selling cyrpto assets (39:54) - Tingo fraud update and correction (44:43) - Iowa CPA survey shows CPAs support alternative pathways to license besides 150-hour requirement (52:29) - A few IRS stories (01:00:19) - Blake teases China and Evergrande story (01:01:37) - Wrap up and please fill out our listener survey  Show NotesSEC Charges Tingo Mobile Founder, Three Companies with Massive Fraud and Obtains Emergency ReliefPastor Charged With Cryptocurrency Fraud Said God Told Him to Do It - The New York TimesAccounting investigation under way at ADM and its top financial executive has been placed on leave | AP NewsHere's what to do if you can’t find an accountant for tax seasonFormer IRS Contractor Sentenced for Disclosing Tax Return Information to News Organizations | United States Department of JusticeTurboTax Can No Longer Advertise Products as Free, F.T.C. SaysH&R Block launches AI tax filing assistant - The VergeTurboTax bolsters support options, both human and AIBrex cuts 20% of staff amid reports of stalled growth, high burn | TechCrunchBring virtual connections to life with Microsoft Mesh, now generally available in Microsoft TeamsInvestors see Microsoft's stock market value leaving Apple behindInput steers CPA licensure pathways recommendation - Iowa Society of CPAsListener SurveyPlease take our listener survey: https://accounting.show/surveyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsREFRAME WORKSHOP - https://www.reframe2024.com/Royalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/The CAS Cache -

This week, Blake and David Leary sort through the mail and respond to a variety of listener emails and voicemails. Amongst the topics covered, they explore working as a TurboTax preparer to barriers faced by career-changers entering public accounting. They go on to debate the root causes behind accounting's heavy workloads and offer perspectives on how licensing rules and firm profitability shape experiences.SponsorsOnPay - http://accountingpodcast.promo/onpayA2 Advisors - http://accountingpodcast.promo/luke Earmark - https://earmarkcpe.promo/EarmarkMediaKitChapters(00:04) - Welcome to the show and some personal updates from David and Blake (07:38) - A TurboTax expert tells us why she loves her job (16:26) - Tyler writes in about the pipeline problem (23:42) - Looking at other career certification requirements as inspiration for CPA change (27:47) - CPA mobility and reciprocity (37:32) - Bank statements are the norm for getting any loan in Puerto Rico (39:37) - The CPA profession is the transmission of a car (44:37) - Accountant's starting salaries are the biggest pipeline problem (53:39) - Blake checks in with the live chat (57:26) - Creating a "paralegal" type license in the accounting field (58:59) - Ways to mitigate busy season (01:02:17) - Wrap up and remember to send us your thoughts and stories  Show NotesComing soon!Listener SurveyPlease take our listener survey: https://accounting.show/surveyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsREFRAME WORKSHOP - https://www.reframe2024.com/Royalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/ClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Blake and David discuss the challenges of busy season and achieving work-life balance as accountants. They also debate the value and investment risks of cryptocurrency and analyze global economic impacts like outflows from China's economy. They also review some of the latest AI trends including self-driving vehicle safety data, and examine some recent news regarding a software error falsely accusing hundreds, an SEC crypto ETF approval, and a feel-good small town tax budget balanced without rate hikes thanks to a new accounting system implementation. Grab your favorite snack and have a listen!SponsorsOnPay - http://accountingpodcast.promo/onpayFinDaily - http://accountingpodcast.promo/findailyClient Hub - http://accountingpodcast.promo/clienthubChapters(00:31) - Welcome to the show. Blake has been traveling (07:04) - How can accountants attract lifelong customers (09:59) - KPMG working to reduce late hours and weekend work (16:08) - UK coffee shop introduces subscription pricing (19:54) - Are accounting tech jobs more balanced? (21:49) - We did a bonus interview with Rightworks and more AI updates (24:32) - Waymo caused accidents vs human drivers (29:39) - Are AI-caused layoffs coming? (31:29) - The SEC approves crypto ETFs (34:52) - NYT story on NYU student's $6 million crypto mine (39:35) - Update on UK Postal scandal and Fujitsu (43:52) - An estimated $50 billion per month moved out of China in 2023 (47:54) - Hydroxychloroquine and putting numbers in perspective (51:14) - David's personal information may have been leaked in the Framework leak (53:08) - GM suing the city of San Francisco over taxes (55:23) - Small Pennsylvania town cancels tax hikes after new accounting system finds unaccounted revenue (56:25) - Thanks for listening and remember to subscribe  Show NotesKPMG looks to take some of the pain out of the auditing ‘busy season’ OpenAI debuts ChatGPT subscription aimed at small teams | TechCrunch Comparison of Waymo Rider-Only Crash Data to Human Benchmarks at 7.1 Million Miles Expanding Copilot for Microsoft 365 to businesses of all sizes A third of companies have already laid off workers due to AI This N.Y.U. Student Owns a $6 Million Crypto Mine. His Secret Is Out. - The New York Times SEC Approves Bitcoin ETFs for Everyday Investors Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China. - The New York Times Hydroxychloroquine could have caused 17,000 deaths during Covid, study finds GM blasts San Francisco in lawsuit over $108M tax bill OpenAI debuts small team ChatGPT subscription Intuit sues H&R Block over marketing claims it says are false, misleadingThe role of auditors in the Post Office scandal: A need for greater accountability?  Framework email customers for data breach from accounting partner getting phishedFujitsu shares drop nearly 4% as its Europe chief says compensating Post Office victims is a 'moral obligation'        Report: 25% of CEOs Expect AI to Lead to Job Cuts in 2024           Expanding Copilot for Microsoft 365 to businesses of all sizes Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comListener SurveyPlease take our listener survey: https://accounting.show/surveyGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, st...

Dominic Piscopo is the founder of Big4Transparency.com, an accounting salary transparency website. Dominic was inspired to start the site based on his experience discovering the disparity in compensation between his accounting job and what other accountants were making in the same city. To date, Big4Transparency.com has collected over 13,000 salary data points. In the episode, we discuss the value of using the platform for salary negotiation. Dominic also highlights trends in accounting salaries, the impact of job hopping on earnings, and the relationship between work environment and job satisfaction.Meet Our Guest, Dominic PiscopoLinkedIn: https://www.linkedin.com/in/dopiscopo/Learn more about Big4Transparency.comWebsite: https://www.big4transparency.com/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David mull over the Arizona CPA Society's survey revealing that 80% of Arizona CPAs support 150-hour-rule alternatives. They also examine the UK Post Office scandal that led to hundreds of criminal convictions of postmasters, as well as Deloitte's recent massive audit failures, and the impacts of the talent shortage illustrated by delayed government audits in Wyoming. Wrapping things up, some reflections on the need for major reforms in auditing and regulation of the accounting profession. All this and more, right here, right now!Sponsors Zoho - http://accountingpodcast.promo/zohoRelay - http://accountingpodcast.promo/relayClient Hub - http://accountingpodcast.promo/clienthubChapters(00:29) - Blake goes over the Arizona Society of CPA's survey results (06:06) - Do 150-hour employees do better work? (09:35) - Are firms facing an accounting shortage? (14:42) - Did you know Nikki Haley was an accountant? (16:28) - Deloitte audit failure in Nigeria (29:35) - Certified Pastry Aficionado (31:37) - Tsunami miracle baby, now 19, pursuing an accounting degree (34:30) - Fujitsu, Horizon, and the disgusting postal worker prosecution failure by the UK government (48:41) - Blake checks in on the live chat (53:19) - Going Concern: Wyoming firm faces staffing shortage in critical government audits (56:49) - Download Earmark. Earn free CPE for listening  Show NotesArizona CPA Society releases 150-hour survey resultshttps://www.ascpa.com/news/ddf50a1e-70cc-4d5b-9e00-cc9c5f82c17e:az-cpa-januaryfebruary-2024How Deloitte missed a massive Nigerian company fraudhttps://www.forbes.com/sites/brandonkochkodin/2024/01/10/how-auditor-deloitte-missed-a-nigerian-companys-massive-fraud/?sh=49b6cce059f4Tsunami miracle baby now majoring in accountinghttps://www.nst.com.my/news/nation/2023/12/994163/tsunami-miracle-baby-now-19-pursues-accounting-degree-nsttvOnly two firms in Wyoming can do government audits, and one can’t do its jobhttps://www.goingconcern.com/there-are-only-two-firms-in-wyoming-that-can-do-government-audits-and-one-cant-do-its-job-because-of-staff-shortages/There Are Only Two Firms in Wyoming That Can Do Government Audits and One Can’t Do Its Job Because of Staff Shortages            https://www.goingconcern.com/there-are-only-two-firms-in-wyoming-that-can-do-government-audits-and-one-cant-do-its-job-because-of-staff-shortages/ Revealed: The Fujitsu fat cats who pocketed huge salaries while its flawed Horizon accounting system ruined...https://www.dailymail.co.uk/news/article-12948671/The-Fujitsu-fat-cats-pocketed-huge-salaries-flawed-Horizon-accounting-ruined-lives-thousands-postmasters-wrongly-accused-stealing-Post-Office-emerges-charge-government-contracts.html What should accounting technology providers learn from the Post Office Horizon scandal?https://www.accountancyage.com/2024/01/09/what-should-accounting-technology-providers-learn-from-the-post-office-horizon-scandal/ Plans to legislate for resolution of Post Office accounting scandalhttps://www.accountancydaily.co/plans-legislate-resolution-post-office-accounting-scandal Post Office under criminal investigation for potential fraud over Horizon scandalhttps://www.theguardian.com/uk-news/2024/jan/05/post-office-criminal-investigation-potential-horizon-accounting-fraud Some 86 people have seen their convictions for false accounting and theft overturnedhttps://curated.tncontentexchange.com/partners/afp/the-firm-created-faulty-accounting-software-that-saw-subpostmasters-wrongly-convicted-of-theft/image_383af729-fda2-517c-b5ff-85afffefb214.html UK police launch fraud inquiry over post office IT scandalhttps://www.themountaineer.com/news/national/uk-police-launch-fraud-inquiry-over-post-office-it-scandal/article_72e76f8b-7e6f-55ad-9605-93183aefb01e.html How the Post Office’s Horizon system failed: a technical breakdownhttps://www.theguardian.com/uk-news/2024/jan/09/how-the-post-offices-horizon-system-failed-a-technical-breakdown Bad software sent postal workers to jail, because no one wanted to admit it could be wronghttps://www.theverge.com/2021/4/23/22399721/uk-post-office-software-bug-criminal-convictions-overturned Post Office warned of software flaw in 2006, but failed to alert subpostmaster networkhttps://www.computerweekly.com/news/252514110/Post-Office-warned-of-software-flaw-in-2006-but-failed-to-alert-subpostmaster-network Post Office spunks fresh £36m on Fujitsu after cloud fail  https://www.thestack.technology/post-office-fujitsu-extension/ When did the Post Office scandal start? Timeline of key eventshttps://www.thetimes.co.uk/article/when-post-office-scandal-start-happen-timeline-of-key-events-2q23bhm2c Briefing presumption that comp...

Blake and David meet up with TJ Lewis and Aaron Van Ruler from Rightworks about their new AI tool called Spark, built specifically for accountants on top of ChatGPT. They discuss how Spark helps accounting professionals by providing industry-specific content, tools, and assistants to enhance efficiency and expertise. TJ and Aaron also share details on Spark's capabilities, roadmap, and potential integration with other Rightworks products.Meet Our GuestsTJ Lewis, Innovation Strategist, RightworksLinkedIn: https://www.linkedin.com/in/tj-lewis/Aaron Van Ruler, Innovation Strategist, RightworksLinkedIn: https://www.linkedin.com/in/avanruler/Learn more about Rightworkshttps://ai.rightworks.com/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake throws his hat into the ring for President and CEO of NASBA! Hear how he intends to shake things up should he be chosen! Next, Blake and David unpack a survey on the surprisingly low tax-preparer fees across the country, discuss the headaches still posed by interstate CPA licensing, and consider some solutions like modeling CPA reciprocity rules! Grab some snacks and enjoy!Sponsors LiveFlow - http://accountingpodcast.promo/liveflowUncat - http://accountingpodcast.promo/uncatBookkeep - http://accountingpodcast.promo/bookkeepChapters(00:00) - How Much Tax Preparers Charge (01:24) - Blake applied to be the new NASBA President and CEO (09:02) - David's customer experience at a Publix's grocery store (11:12) - National Association of Tax Professionals 2023 survey results (18:00) - What type of returns are they doing? (23:23) - How do tax preparers operate? (24:39) - How do tax preparers price? (27:45) - Now lets talk about business tax returns (32:09) - When do tax preparers get paid? (51:04) - What work went unbilled? (55:05) - Type of services offered (55:34) - Average wages for tax employees (56:15) - Blake checks in with the live stream (59:21) - Daryl asks for career advice (01:05:03) - New TurboTax ad doesn't shy away from "free" claim (01:06:17) - Listener email on reciprocity (01:18:45) - Wrap up and where to reach us  Show NotesIntuit TurboTax's 2024 "Make Your Moves Count" Campaign Highlights Its Tax Experts, AI Technology and Filing Solutions Ensuring the Best Tax Outcome for All Types of Filers   TurboTax Free Edition 2024 Commercial "Free Connoisseur" (Official TV Ad :30) NATP 2023 Tax Professional Fee StudyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsRoyalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/LiveFlow Event - https://www.liveflow.io/events/greg-kyte-eventREFRAME WORKSHOP - https://www.reframe2024.com/ClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

In this 2023 wrap-up, Blake and David discuss an appeals court ruling that audit reports are so generic they are essentially useless to investors. They also explore the concept of "productivity theater" where employees pretend to be constantly working, even though it leads to disengagement and burnout. Continuing the theme, they contemplate why mandatory weekend work persists and share ideas on how firms can improve work-life balance. Rounding out the discussion, they offer up some career advice to accounting students on finding fulfilling roles and avoiding common traps such as extreme overwork. Sponsors LiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoEarmark - https://earmarkcpe.promo/EarmarkMediaKitChapters(00:21) - David will get an Earmark tattoo at 100,000 subscribers (04:19) - Slack survey reveals forced overtime reduces productivity (07:43) - Remote workers' surveillance (10:23) - Mandatory Saturdays going away (16:18) - What is keeping firms up at night? (21:45) - What percentage of firms are filing tax extensions for their clients (23:53) - A junior accounting student asks for some advice (29:55) - Appeals court rules audit report is immaterial (35:05) - SPACs accounted for at least 21 bankruptcies and $46 billion lost in 2023 (39:57) - The importance of finding and making your own work/life balance (48:49) - Back to advice for younger accountants entering the profession (57:48) - An accountant has a breakdown at the airport (59:50) - Thanks for listening and remember to subscribe  Show NotesTurning staff into workaholics makes them way less productive | FortuneBurned Investors Ask ‘Where Were the Auditors?’ A Court Says ‘Who Cares?’ - WSJAccounting in 2024: The year ahead in numbersFull PDF of study is here: https://www.accountingtoday.com/research-report/optimism-abounds-but-people-problems-persistSPAC companies accounted for at least 21 bankruptcies this year and a staggering $46 billion in lost investor value | FortuneNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsRoyalwise - https://learn.royalwise.com/Forwardly - https://www.forwardly.com/LiveFlow Event - https://www.liveflow.io/events/greg-kyte-eventClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Just in time for the holidays, Blake and David examine the accounting professor from NYU who charged Trump nearly $900,000 for expert testimony. They also tackle issues around accountant retention and turnover, tax updates, the financial operations of Hamas, as well as Hunter Biden's indictment on tax charges, and tips for using spreadsheets in filmmaking and other creative projects. All this and more to keep you entertained while you wrap those last-minute gifts!Sponsors LiveFlow - http://accountingpodcast.promo/liveflowEarmark - https://earmarkcpe.promo/EarmarkMediaKit Keeper - https://cloudaccountingpodcast.promo/keeperChapters(00:38) - Who knew being an expert witness paid so well (06:49) - Former Wall Street accountant leaves profession to become an escort and exotic dancer (09:43) - Illinois retention survey (17:27) - Has AI job replacement theory reached mainstream? (18:37) - Why employees resign (21:02) - Accounting rules and the supply of accountants (25:00) - FASB announces new rules for cryptocurrencies (26:14) - IRS expanding their modernization efforts for technology (27:55) - FinCEN updates a new service opportunity for accountants (34:27) - Former Jaguars employee accused of stealing over $22 million (39:30) - Nikola founder sentenced to prison for fraud (43:17) - 64% of employees waste time due to lack of deadlines (45:27) - EY laying off US partners (48:35) - EY names Janet Truncale first female global CEO of big 4 firm (49:27) - The IRS plans reorg at the highest leadership levels (50:09) - Israel and the US knew of Hamas bank account (54:07) - Hunter Biden's indictment (58:29) - All Sorts director demonstrates how he uses spreadsheets (01:02:14) - Wrap up and where to reach us  Show NotesTrump PAC paid for expert witness testimony in NY civil fraud trialhttps://www.nbcnews.com/politics/donald-trump/trump-pac-paid-expert-witness-testimony-ny-civil-fraud-trial-rcna128804 EY Is Laying Off U.S. Partners Amid Tough Economic Conditions – WSJhttps://www.wsj.com/articles/ey-is-laying-off-u-s-partners-amid-tough-economic-conditions-9efc4aa6 Accounting Rules and the Supply of Accountants by Anthony Le :: SSRNhttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=4666335 Righting Retention - Insight Special Featurehttps://www.icpas.org/information/professional-issues/talent-retention Stripper and escort rakes in $34k per week catering to Wall Streethttps://nypost.com/2023/12/18/business/stripper-and-escort-rakes-in-34k-per-week-catering-to-wall-street/ FinCEN ramps up guidance as beneficial ownership requirements looms | Accounting Todayhttps://www.accountingtoday.com/opinion/fincen-ramps-up-guidance-as-beneficial-ownership-requirements-fast-approach Trevor Milton Gets Four Years in Prison for Deceptions on Zero-Emission Truckshttps://www.wsj.com/us-news/law/trevor-milton-lied-about-nikolas-zero-emission-trucks-is-that-worth-a-decade-in-prison-ae35ce40 64% of Employees Waste Hours Due to Lack of Deadlines | CFOhttps://www.cfo.com/news/64-of-employees-waste-hours-due-to-lack-of-deadlines/702774/ IRS Expands Business Tax Account Tool To Include S Corps And Partnershipshttps://www.forbes.com/sites/kellyphillipserb/2023/12/18/irs-expands-business-tax-account-tool-to-include-s-corps-and-partnerships/ Israel Found the Hamas Money Machine Years Ago. Nobody Turned It Off.https://www.nytimes.com/2023/12/16/world/europe/israel-hamas-money-finance-turkey-intelligence-attacks.html?smid=nytcore-ios-share&referringSource=articleShare Hunter Biden Charged With Evading Taxes on Millions From Foreign Firmshttps://www.nytimes.com/2023/12/07/us/politics/hunter-biden-indictment.html Former Jaguars employee accused of stealing over $22 million – ESPNhttps://www.espn.com/nfl/story/_/id/39059710/former-jaguars-employee-accused-stealing-22-million EY names Janet Truncale as first female global CEO of Big Four firm | Accounting Todayhttps://www.accountingtoday.com/articles/ey-names-janet-truncale-as-first-female-global-ceo-of-big-four-firm NY AG disputes Trump expert’s GAAP analysis      https://www.cfodive.com/news/gaap-holds-spotlight-final-stretch-250m-trump-civil-fraud/702327/Hunter Biden Indicted On Criminal Tax Charges In Californiahttps://www.forbes.com/sites/kellyphillipserb/2023/12/08/hunter-biden-indicted-on-criminal-tax-charges-in-california/ Hunter Biden Charged with Tax Crimes in Los Angeleshttps://www.cpapracticeadvisor.com/2023/12/11/hunter-biden-charged-with-tax-crimes-in-los-angeles/98977/ Trump's accounting expert trashes NY's 'absurd' fraud casehttps://www.accountingtoday.com/articles/trumps-expert-accounting-witness-trashes-nys-absurd-fraud-case-in-court-clash Donald Trump returns to court, lauds his defense expert who sees no evidence of accounting fraud

Keila Hill-Trawick joins Blake and David to discuss her philosophy on intentionally building a firm to the "right" size, rather than pursuing endless revenue growth. She also explains how her firm narrowed its service offerings to focus on core recurring services like tax planning and fractional CFO work. Blake and David examine research on how much money Americans think they need annually to be happy, with millennials citing much higher targets. They also talk about an accounting reference in the new Trolls movie and the need for more diverse and positive CPA portrayals in media.Sponsors LiveFlow - http://accountingpodcast.promo/liveflowEarmark - https://earmarkcpe.promo/EarmarkMediaKit Keeper - https://cloudaccountingpodcast.promo/keeperChapters(00:31) - Keila Hill-Trawick joins the show (07:38) - How did you decide to cut back on services your firm offered? (09:50) - What core services do you offer? (12:10) - Do you help clients set up the services you don't offer? (13:30) - What does your current team look like and how did you build it? (17:10) - What are you charging clients? (20:39) - How many clients does each employee handle and will that change with technology? (23:25) - What's the ultimate goal? (28:32) - Berkshire Hathaway lawsuit (38:58) - SmileDirectClub declares bankruptcy (45:44) - Thoughts on accountants doing IT audits (51:10) - How much money do Americans need to be happy? (01:04:31) - Accounting reference in the newest Trolls movie (01:07:38) - Wrap up and how to reach Keila  Show NotesWhat’s Behind Warren Buffett’s Fight With a Truck-Stop Mogul – WSJhttps://www.wsj.com/business/warren-buffett-berkshire-hathaway-jimmy-haslam-pilot-lawsuit-70ef0413Trolls movie CPAhttps://www.linkedin.com/posts/jacob-g-5819b780_went-to-see-the-new-trolls-movie-with-my-activity-7134882587042320384-RC32Warren Buffett's Berkshire Hathaway sued by Haslam family over Pilot truckstop chain takeoverhttps://cdllife.com/2023/haslam-family-sues-pilot-majority-owner-berkshire-hathaway-over-accounting-practices/Bankrupt SmileDirectClub shuts down, says its ‘Lifetime Smile Guarantee’ is canceled - but Smile Pay users are expected to keep paying https://fortune.com/2023/12/11/bankrupt-smiledirectclub-shutting-down/Meet our Guest, Keila Hill-TrawickWebsite: http://www.littlefishaccounting.com/LinkedIn: https://www.linkedin.com/in/keilahilltrawickTwitter: https://twitter.com/littlefishcpaInstagram: https://www.instagram.com/littlefishaccounting/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsRoyalwise - https://learn.royalwise.com/Forwardly - https://www.forwardly.com/ClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Lexy Kessler, National Pipeline Advisory Group (NPAG) chair and Sue Coffey, Chief Executive Officer – Public Accounting with AICPA join us for a special bonus episode to address the accounting talent crisis and talk about how we can improve the CPA pipeline. Along with these issues, they also emphasize the importance of working together as a profession, being data-driven in their approach, and looking at the broader ecosystem of accounting, with updates and more comprehensive strategies expected to be detailed in the NPAG draft national strategy plan in May 2024.Meet Our GuestsLexy Kessler, Chair - National Pipeline Advisory Group (NPAG)Website: https://www.accountingpipeline.org/LinkedIn: https://www.linkedin.com/in/lexykessleraprio/Susan S. Coffey, CPA, CGMA - CEO – Public Accounting at the Association of International Certified Professional AccountantsWebsite: https://www.aicpa-cima.com/resources/article/susan-s-coffey-cpa-cgmaLearn more about the National Pipeline Advisory Group (NPAG)https://www.accountingpipeline.org/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David discuss Intuit's announcement that QuickBooks Desktop will no longer be sold as new subscriptions after July 2024. They also talk about the need for changes in the accounting profession, such as simplifying financial reporting requirements and revising the 150-hour rule. In other news, they cover sanctions against China-based accounting firms, incorrect IRC claims by businesses, and the Adidas-Kanye West fallout. They also explore how AI can help explain complex concepts to clients clearly and accurately.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Relay - https://cloudaccountingpodcast.promo/relay Keeper - https://cloudaccountingpodcast.promo/keeperChapters(01:13) - Accounting has been in the news a lot recently (04:03) - QuickBooks Desktop is dead (11:32) - Blake's thoughts from The Digital CPA Conference (16:24) - CPA Journal - eliminate the 150-hour rule (18:32) - The Accountant 2 film confirmed (21:11) - Blake went to Kentucky (22:46) - The PCAOB sanctioned 3 China-based firms (25:40) - The IRS sends 20,000 letters regarding ERC claims (30:09) - Kanye West and Adidas fallout (38:48) - Earmark updates and the IRS releasing taxpayer business accounts (40:55) - CFO.com: 61% of finance executives are not using AI (45:01) - Can AI trim years off of the partner path? (46:32) - The traditional CPA firm structure (50:17) - Blake asks AI to explain basis to a non-accountant (56:34) - AccountingWeb tricks to help detect AI-written articles (59:16) - Wrap up and how to reach us  Show NotesTwitter: Any good plain-English way to explain basis? https://x.com/wtfoote/status/1725193933410668755?s=12 61% of Finance Execs Not Using AI Yet: Weekly Stat | CFOhttps://www.cfo.com/news/artificial-intelligence-implementation-adoption-gartner-survey/699082/ The Yeezy standard for accounting | Financial Timeshttps://www.ft.com/content/8b094370-f7e7-492b-b56d-6c0096be7784BST & Co. Got Sick of Hounding Rudy Giuliani to Pay His Bill So Now They’re Suing Him          https://www.goingconcern.com/bst-co-got-sick-of-hounding-rudy-giuliani-to-pay-his-bill-so-now-theyre-suing-him/ PCAOB sanctions three Chinese firms, including PwC affiliateshttps://www.accountingtoday.com/news/pcaob-sanctions-three-chinese-firms-including-pwc-affiliates The Accounting Profession Is in Crisis    https://www.cpajournal.com/2023/12/01/the-accounting-profession-is-in-crisis/ BREAKING NEWS: QuickBooks Desktop Product Changeshttps://insightfulaccountant.com/accounting-tech/general-ledger/breaking-news-quickbooks-desktop-product-changes/ What Can the Profession Do?       https://www.cpajournal.com/2023/12/04/what-can-the-profession-do/ Supreme Court could make massive tax impact — or none at allhttps://www.accountingtoday.com/news/supreme-court-to-hear-arguments-in-moore-v-u-s Billionaire Tax Rests on a Disputed $14,729 Refund at the Supreme Courthttps://www.cpapracticeadvisor.com/2023/12/04/billionaire-tax-rests-on-a-disputed-14729-refund-at-the-supreme-court/98782/ Some of the Big 4 consulting giants already think AI could trim years off the path to partner        https://fortune.com/2023/12/04/big-4-consulting-giants-pwc-kpmg-ai-trim-years-path-partner/ Opioid trust transparency questioned after accounting firm choicehttps://www.thecentersquare.com/pennsylvania/article_c7977d42-9515-11ee-8bd6-3b90276d4b6b.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast...

Blake and David discuss updates from the AICPA's Talent Pipeline Committee, including surprises about the high dropout rate of accounting majors in college. They also explore new custom AI capabilities in ChatGPT that allow users to create specialist bots and speculate on applications for accounting firms. They also cover lawsuits alleging Hollywood accounting tricks used by Disney to deprive financial partners of profits. Grab some snacks and enjoy!Sponsors LiveFlow - http://accountingpodcast.promo/liveflowEarmark - https://earmarkcpe.promo/EarmarkMediaKit Keeper - https://cloudaccountingpodcast.promo/keeperChapters(01:34) - NASBA is hiring a new COO (05:33) - What we'll cover on this week's show (07:19) - AICPA talks about the pipline issues on Accounting Today's podcast (13:34) - Blake checks in on the live chat (22:15) - Two vastly different articles on CPAjournal.com about how to solve the accountant shortage (31:06) - Making the CPA more accessible (42:12) - Blake demonstrates OpenAI's new custom GPT maker (54:39) - Disney sued for "Hollywood Accounting" methods (01:01:14) - Thanks for listening and how to reach us  Show NotesNASBA Begins Search for New President and CEO | NASBAhttps://nasba.org/blog/2023/11/28/nasba-begins-search-for-new-president-and-ceo/ Rethinking the 150-Hour Requirement for CPA Licensure - The CPA Journalhttps://www.cpajournal.com/2023/11/27/rethinking-the-150-hour-requirement-for-cpa-licensure/ The Accounting Pipeline - The CPA Journalhttps://www.cpajournal.com/2023/11/22/the-accounting-pipeline/ Disney sued over accounting by film financiershttps://www.cfobrew.com/stories/2023/08/29/disney-sued-by-film-financiersA pipeline progress report            https://www.accountingtoday.com/podcast/a-progress-report-on-accountings-pipeline-problem Rethinking the 150-Hour Requirement for CPA Licensurehttps://www.cpajournal.com/2023/11/27/rethinking-the-150-hour-requirement-for-cpa-licensure/ Accounting Education Disrupted https://www.cpajournal.com/2023/11/21/accounting-education-disrupted/ KPMG, Deloitte Ask Staff to Use Burner Phones for HK Visits: FThttps://news.bloombergtax.com/financial-accounting/kpmg-deloitte-ask-staff-to-use-burner-phones-for-hk-visits-ft Deloitte and KPMG encourage use of burner phones in Hong Konghttps://uk.finance.yahoo.com/news/deloitte-kpmg-encourage-burner-phones-101802848.html NASBA starts search for CEO successor    https://www.accountingtoday.com/news/nasba-starts-search-for-ceo-successorNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsRoyalwise - https://learn.royalwise.com/Forwardly - https://www.forwardly.com/ClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David sort through the listener mailbag to find out what you think! Amongst the letters, we’ve got opinions on accounting without assurance and the industry talent crisis, as well as potential unethical practices by some tax experts, and the need for accrediting standards for accounting programs. Blake and David also address the complex nature of the taxation system and emphasize the need for industry-wide changes to address ethical dilemmas. Join us to hear all this and so much more! Sponsors OnPay - https://cloudaccountingpodcast.promo/onpayZoho - http://accountingpodcast.promo/zoho Keeper - https://cloudaccountingpodcast.promo/keeperChapters(00:30) - Welcome to the show and what we'll cover (07:14) - Trump's legal team again blaming accountants for faulty financial statements (08:54) - Anthony writes in about compilations (13:51) - Nathan writes in to suggest more people contract audit work (16:03) - Chris asks some questions about the BDO ESOP episode (19:29) - Cheryl writes in about the 150-hour requirement (23:27) - Kurt asks about the disparity between accounting graduate programs (28:40) - Ryan tells a story of a client getting awful advice from a TurboTax Live employee (35:00) - Digitial Accountants asks why so many tax clients want to push the envelope too far with tax returns and the IRS (38:57) - Listener gives some insights on why academia is filled with the professors it has (56:00) - A UK accounting firm has client data leaked after being hacked (01:01:19) - The University of Arionza is missing $240 million (01:05:18) - QuickBooks ProAdvisor badges and changes (01:12:25) - Wrap up and remember you can earn free CPE from listening to this podcast  Show NotesA cyberattack on a U.K. accounting firm wound up leaking U.S. ... https://www.databreaches.net/a-cyberattack-on-a-u-k-accounting-firm-wound-up-leaking-u-s-patient-data-now-what/Reimagined ProAdvisor Program Goes Live Today https://insightfulaccountant.com/accounting-tech/general-ledger/reimagined-proadvisor-program-goes-live-today/Always Something University and UofA $240-million accounting mistake https://sports360az.com/always-something-university-and-uofa-240-million-accounting-mistake/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsRoyalwise - https://learn.royalwise.com/Forwardly - https://www.forwardly.com/ClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

We're back from QuickBooks Connect 2023 with announcements, updates, new features, and improvements in QuickBooks Online. Also, EY got fined $3 million for cheating on ethics exams, and 42 percent of firms are turning away work due to staff shortages. Finally, we discuss the disruption of Alphabet's main search business by Microsoft, Amazon, and Apple in the AI-powered assistant space.Sponsors LiveFlow - http://accountingpodcast.promo/liveflowZoho - https://cloudaccountingpodcast.promo/zoho Keeper - https://cloudaccountingpodcast.promo/keeperChapters(00:32) - Blake and David are back from QuickBooks Connect (06:44) - New QuickBooks features announced at QuickBooks Connect (07:31) - QuickBooks Ledger (09:53) - Expanded roles and permissions in QBO (10:22) - QuickBooks Payroll cost allocations (11:29) - Chart of Accounts templates (12:32) - Changes to ProAdvisor Program (13:14) - Now you can copy QBO files to a sandbox (16:26) - Blake's AI session at QuickBooks Connect (24:54) - Blake will be giving a webinar on AI on Earmark's Webinars+ (27:40) - EY Texas gets a $3 million penalty for cheating on ethics exams (34:42) - 46% of EY audits in 2022 had flaws (37:54) - What numbers do investors care about? (41:47) - PCAOB says they have doubled their fines in recent years (43:42) - More cities are struggling with ERP rollouts (45:04) - Zoho introduces practice management software for accountants (46:52) - Tech Radar's top laptops for accountants (48:11) - Intuit updates their tax software and shuts down Mint (55:36) - 42% of accountants turn down work over staff shortages (57:58) - ClientHub introduces AI-enabled email integration (59:31) - 3 AI-based accounting companies raise a lot of money (01:08:55) - Is Google/Alphabet in trouble? (02:09) - 31 Wrap up and thanks for listening  Show NotesIntuit rolls out bevy of new features for the next tax season | Accounting Todayhttps://www.accountingtoday.com/news/intuit-rolls-out-bevy-of-new-features-for-the-next-tax-year New product innovations at announced at QuickBooks Connect help accountants drive small business growthhttps://www.firmofthefuture.com/quickbooks-connect/new-product-innovations/ PCAOB fines doubled in recent years | Accounting Todayhttps://www.accountingtoday.com/news/pcaob-fines-doubled-in-recent-years Accounting firms hit with record US fines over audit failureshttps://www.ft.com/content/25a65a49-4b94-4a80-82d8-435616a78f27 SURVEY: 42% of Accountants Turn Away Work Over Staff Shortages - CPA Trendlineshttps://cpatrendlines.com/2023/11/09/survey-48-of-accountants-turn-away-work-over-staff-shortages/ Black Ore Emerges from Stealth with $60 Million in Funding to Bring AI to Financial Serviceshttps://www.blackore.ai/articles/black-ore-emerges-from-stealth-with-60-million-fundingLaunching Zoho Practice: The Ultimate Practice Management Softwarehttps://www.zoho.com/blog/general/launching-zoho-practice.html Bill Holdings Is Said to Near $1.95 Billion Deal for Meliohttps://www.bloomberg.com/news/articles/2023-11-08/bill-holdings-is-said-to-near-1-95-billion-deal-for-melio Bill Holdings stock sinks amid report of $1.95B deal talks for Melio ...https://seekingalpha.com/news/4033680-bill-holdings-sinks-amid-report-of-195b-deal-talks-for-melio-payments Bill Holdings denies media report on Melio deal  https://www.reuters.com/markets/deals/bill-holdings-nears-195-billion-payments-deal-melio-bloomberg-news-2023-11-08/ Puzzle secures $30m for revolutionary AI-powered accounting ...https://fintech.global/2023/11/15/puzzle-secures-30m-for-revolutionary-ai-powered-accounting-platform/ EY Gets $3 Million Penalty by Texas Board of Public Accountancyhttps://www.cpapracticeadvisor.com/2023/11/13/ey-gets-3-million-penalty-by-texas-board-of-public-accountancy/97576/ Bill's stock bounces after denial of report it was pursuing a $2 billion ...https://www.marketwatch.com/story/bills-stock-bounces-after-denial-of-report-it-was-pursuing-a-2-billion-cash-and-stock-buyout-of-melio-payments-7562580b Black Ore Raises $60 Million and Debuts AI Tool for Accountantshttps://www.pymnts.com/news/investment-tracker/2023/black-ore-raises-60-million-dollars-debuts-artificial-intelligence-tool-accountants/ New Products at QuickBooks Connect Help Accountants Drive Small ...https://www.cpapracticeadvisor.com/2023/11/14/new-products-at-quickbooks-connect-help-accountants-drive-small-business-growth/97644/ St. Louis comptroller said prior mayor wanted new accounting ...https://www.stltoday.com/news/local/government-politics/st-louis-comptroller-said-prior-mayor-wanted-new-accounting-system-but-she-voted-for-it/article_8afa54ca-8275-11ee-9673-efc459761629.html Intuit QuickBooks Unveils New Product Innovations at QuickBooks Connect that Help Accountants Drive Small Business Growth

CPA Exam prep rockstars Peter Olinto and Roger Philipp join Blake and David to discuss the evolution of the CPA Exam over time, the importance of making studying entertaining, and challenges facing the accounting profession like public accounting burnout. Both Olinto and Philipp believe competition between CPA review courses drives innovation and helps students pass the exam, and they aim to make studying engaging through humor, memory techniques, and technology.Sponsors LiveFlow - http://accountingpodcast.promo/liveflowChapters(00:38) - Where did you learn to make CPA exam prep entertaining? (05:18) - Do you have any nightmare CPA exam stories? (10:45) - What does the current CPA exam look like and what's changing in 2024? (14:33) - Do you think the CPA exam changes will help the pipeline? (17:18) - Have CPA exam pass rates gone up with the 5th-year requirement? (20:05) - How did you both get involved with UWorld? (23:05) - Advice for accountants struggling to balance studying with their work and lives (29:30) - How are you dealing with reduced attention spans (36:37) - Do you tell students to diet and exercise as part of exam prep? (42:11) - Peter's famous coffee offer (43:07) - Why do you think young accountants are leaving the profession? (51:19) - The problem with work-life balance versus billable hours (59:15) - Wrap up and where to find out more about UWorld Meet Our Guests:Peter Olinto LinkedIn: https://www.linkedin.com/in/peter-olinto-5966586b/Twitter: https://twitter.com/peterolinto?lang=enRoger Philipp, CPA, CGMALinkedIn: https://www.linkedin.com/in/rogerphilipp/Twitter: https://twitter.com/rogercpa?lang=enShow Noteshttps://newsroom.uworld.com/story/uworld-launches-all-new-cpa-exam-review-product-to-prepare-candidates-for-the-2024-cpa-evolution/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds Forwardly - https://www.forwardly.com/ClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Listen to the full Unofficial QuickBooks Accountants Podcast here: https://share.transistor.fm/s/5586a16eEarmark Media Presents a bonus episode of Unofficial QuickBooks Accountants Podcast. Hector and Alicia dig into all the details and speculation around Intuit's newest cloud accounting product QuickBooks Ledger. Is it an affordable option for write-up clients or an over-hyped limited edition QBO? Listen to the full Unofficial QuickBooks Accountants Podcast here: https://share.transistor.fm/s/5586a16eSend your Questions/Comments (we could read/answer them on air) ask@uqapodcast.comLinks/Apps Mentioned in this episode:Hector's App - RightTool www.righttool.appAlicia's Training - RoyalWise http://royl.ws/uqapodcastQuickBooks Connect Conference:www.quickbooksconnect.comFirm of the Future: www.firmofthefuture.com

Blake and David examine the downfall of FTX and founder Sam Bankman-Fried and look at some controversies around Deloitte auditors backdating audit paperwork in Canada, receiving only a minor fine. They also marvel at Donald Trump's attempt to blame accountants for alleged financial statement fraud in his organization. All this, and other news including NASBA's CEO's upcoming retirement, IRS budget cut updates, and generational differences around public accounting work environments. Sponsors LiveFlow - http://accountingpodcast.promo/liveflowRelay - https://cloudaccountingpodcast.promo/relay Keeper - https://cloudaccountingpodcast.promo/keeperChapters(00:39) - Blake is back from Maryland where he gave a talk on AI and accounting (04:05) - CPA Journal uses bad AI to draw conclusions on AI's future in accounting (10:21) - Guinness Stout might not exist without taxes (13:33) - Jeff Bezos is moving to Miami (17:12) - Over 2/3 of Ohio CPAs are 50 or older (22:47) - Sam Bankman-Fried found guilty (24:19) - WeWork files for bankruptcy (30:17) - Trump trial updates: Donald Trump takes the stand (41:08) - CPA Ontario fines Deloitte (47:23) - IRS budget cut again (52:57) - NASBA CEO Ken Bishop plans to retire (54:25) - BDO and other firms becoming ESOPs (56:16) - Expensify closes their longue in SF (01:00:18) - We're going to QuickBooks Connect (01:01:06) - Blakes shares Instagram clip of street CPA interview (01:03:00) - Wrap up and how to earn free CPE for listening to this podcast  Show NotesHouse passes Israel aid tied to IRS cuts, triggering Biden clash | Accounting Todayhttps://www.accountingtoday.com/articles/house-passes-israel-aid-tied-to-irs-cuts-triggering-biden-clash New York accounting firm Grassi announces ESOP | Accounting Todayhttps://www.accountingtoday.com/news/new-york-accounting-firm-grassi-announces-esop Trump’s Sons Cast the Blame for Fraud on Their Company’s Accountantshttps://www.nytimes.com/2023/11/02/nyregion/eric-trump-donald-jr-fraud-trial.html?smid=nytcore-ios-share&referringSource=articleShare NASBA CEO Ken Bishop plans to retire | Accounting Todayhttps://www.accountingtoday.com/news/nasba-ceo-ken-bishop-plans-to-retire IG reel: Good salary BUT don’t become a CPAhttps://www.instagram.com/reel/CzCgptfpjmv/ Can Artificial Intelligence Become an Accounting Expert? - The CPA Journalhttps://www.cpajournal.com/2023/10/24/can-artificial-intelligence-become-an-accounting-expert-2/Deloitte Auditors Got Caught Changing Their Computer Clocks to Backdate Workpapershttps://www.goingconcern.com/deloitte-auditors-got-caught-changing-their-computer-clocks-to-backdate-workpapers/ Ohio floats plan to recruit more CPAs      https://www.accountingtoday.com/news/ohio-floats-plan-to-recruit-more-cpas WeWork, once valued at $47 billion, files for bankruptcy https://www.cnbc.com/2023/11/07/wework-files-for-bankruptcy.html Here's how much WeWork co-founder Adam Neumann made before the company's bankruptcyhttps://www.cnbc.com/2023/11/07/heres-how-much-wework-founder-adam-neumann-got-before-bankruptcy.html Sam Bankman-Fried found guilty on all seven criminal fraud countshttps://www.cnbc.com/2023/11/02/sam-bankman-fried-found-guilty-on-all-seven-criminal-fraud-counts.html Amazon founder Jeff Bezos is leaving Seattle for Miami    https://www.cnbc.com/2023/11/03/amazon-founder-jeff-bezos-is-leaving-seattle-for-miami.html Ohio Society of CPAs Develops Action Plan Aimed at Talent Shortagehttps://www.cpapracticeadvisor.com/2023/11/06/ohio-society-of-cpas-develops-action-plan-aimed-at-talent-shortage/97271/ Billions still lost through bad accounting, says auditor general       https://mg.co.za/business/2023-11-03-billions-still-lost-through-bad-accounting-says-auditor-general/ Eric Trump testified over and over again he had nothing to do with his dad’s accounting. Then he was shown his own emails   https://fortune.com/2023/11/03/eric-trump-testifies-fraud-trial-never-worked-donald-financial-statements-emails-testimony-involvement/ Former FTX CEO found guilty of fraud      https://www.bankingdive.com/news/former-ftx-ceo-sam-bankman-fried-found-guilty-7-counts-fraud-conspiracy/698555/ House Passes Israel Aid Bill Tied to IRS Cutshttps://www.cpapracticeadvisor.com/2023/11/02/house-passes-israel-aid-bill-tied-to-irs-cuts/97224/ Jeff Bezos: Leaving Seattle and Embracing Miamihttps://www.smallbiztechnology.com/archive/2023/11/jeff-bezos-leaving-seattle-and-embracing-miami.html/ Billionaire Amazon founder Jeff Bezos moves to Florida, where his parents live-and capital gains are not taxed        https://finance.yahoo.com/news/billionaire-amazon-founder-jeff-bezos...

An independent audit reveals over $1.4 billion in questionable spending and lack of financial oversight at Maryland's Health Department during the COVID pandemic. We break down the audit's alarming findings, and the response from state officials committed to improving financial practices.Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

A former Vegas hotel manager is accused of stealing over $773,000 in guest refunds and using the money to live lavishly. We unpack how he allegedly pulled off the massive refund scam and what could have been done to catch it sooner.Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

An embezzlement scheme at Aria Hotel costs MGM $770,000, an accounting firm apologizes for paying a staffer below minimum wage, problems with Workday ERP implementations for state and local governments, a spike in accounting enrollment at Purdue University, and tax migration trends between high-tax and low-tax states.SponsorsOnPay - http://accountingpodcast.promo/onpay Zoho - http://accountingpodcast.promo/zoho Keeper - https://cloudaccountingpodcast.promo/keeperChapters(00:59) - Clarence Thomas and a questionable RV loan (07:03) - Trump trial updates (10:35) - Allen Weisselberg accused of perjury by Forbes (12:38) - Earmark presents a "Federal Tax Updates" webinar on the IRS withdrawal process for ERC claims (14:08) - The complicated way the IRS wants you to complete this process (17:32) - Do Millenials use voice assistants to pay bills? (19:33) - We got a new 5-star review! (21:39) - Roblox and forcing remote workers back to the office (24:58) - Checking in on the live chat (26:07) - Data shows people are relocating to states with lower taxes (29:48) - Liberty Tax loses suit against Better Call Saul (32:27) - All your bank feeds are about to break (33:06) - $770,000 embezzlement at the Aria in Vegas (36:18) - Maryland Department of Health lost track of over $1 billion in COVID funds (37:38) - The City of Baltimore blames Worday for AR problem (42:27) - Grant Thornton apologizes for paying trainee below minimum wage (46:31) - Latest AICPA MAP survey shows no gain in starting accountants' salaries (50:51) - Purdue University sees spike in accounting enrollment (55:02) - Seton Hall launches new master's program in accounting and analytics (57:13) - Thanks for listening!  Show NotesClarence Thomas Didn’t Fully Repay $267,230 Loan for Luxury Motor Home, Senate Report Says - WSJhttps://www.wsj.com/politics/policy/clarence-thomas-didnt-fully-repay-267-230-loan-for-luxury-motor-home-senate-report-says-4651d23f?st=3z9ga4dwlcgci2c Accounting firm apologises for paying trainee below minimum wagehttps://www.efinancialcareers.com/news/2023/10/pay-for-trainee-accountants Audit of Maryland Health Department finds $1.4 billion accounting lapse - The Washington Posthttps://www.washingtonpost.com/dc-md-va/2023/10/25/maryland-health-department-audit-accounting-lapse/ Justice Thomas’s R.V. Loan Was Forgiven, Senate Inquiry Finds - The New York Timeshttps://www.nytimes.com/2023/10/25/us/politics/clarence-thomas-rv-loan-senate-inquiry.html?smid=nytcore-ios-share&referringSource=articleShare Michael Cohen Testifies Trump Ordered Him to Inflate Wealth - WSJhttps://www.wsj.com/politics/policy/michael-cohen-testifies-against-trump-in-civil-fraud-trial-f9bb52c1?st=ep1l5nyp84fsot2 Purdue University sees spike in accounting enrollment | Accounting Todayhttps://www.accountingtoday.com/news/purdue-university-sees-spike-in-accounting-enrollment Trump’s Longtime CFO Lied, Under Oath, About Trump Tower Penthousehttps://www.forbes.com/sites/danalexander/2023/10/12/trumps-longtime-cfo-lied-under-oath-about-trump-tower-penthouse/ IRS announces withdrawal process for Employee Retention Credit claimshttps://www.irs.gov/newsroom/irs-announces-withdrawal-process-for-employee-retention-credit-claims-special-initiative-aimed-at-helping-businesses-concerned-about-an-ineligible-claim-amid-aggressive-marketing-scams Donald Trump Watches as Witness Dismantles His Net Worth Calculationshttps://www.newsweek.com/donald-trump-watches-witness-dismantles-his-net-worth-calculations-1835556 How an IRS contractor leaked tax data on Donald Trump, Jeff Bezos and Elon Musk | Accounting Todayhttps://www.accountingtoday.com/articles/how-an-irs-contractor-leaked-tax-data-on-donald-trump-jeff-bezos-and-elon-musk Profits and Pay Lag Behind Revenue Gains at CPA Firms - CPA Trendlineshttps://cpatrendlines.com/2023/10/11/cpa-firm-profits-and-pay-lag-as-revenue-tops-1-million/ 'Better Call Saul' creators beat Liberty Tax's defamation, trademark lawsuit | Reutershttps://www.reuters.com/legal/better-call-saul-creators-beat-liberty-taxs-defamation-trademark-lawsuit-2023-09-25/ Crazy Embezzlement Case At Aria Las Vegas: Hotel Manager Refunds $770,000+ To His Debit Card - LoyaltyLobbyhttps://loyaltylobby.com/2023/09/09/crazy-embezzlement-case-at-aria-las-vegas-hotel-manager-refunds-770000-to-his-debit-card/IRS Announces Special Process For Withdrawing Inappropriate ERC Claimshttps://www.forbes.com/sites/kellyphillipserb/2023/10/19/irs-announces-special-process-for-withdrawing-inappropriate-erc-claims/ Roblox tells employees they have to come to office three days a week or take severance package            https://www.cnbc.com/2023/10/17/roblox-tells-employees-they-have-to-come-to-office-three-days-a-week.html What do young accountants want to do with their lives?

Today, we are honoring the life of Joshua Lance, CPA, founder of Lance CPA Group, who passed away in October at the age of 40 after a battle with cancer. To commemorate Josh's life, we are playing a eulogy delivered by Kenji Kuramoto at Josh's memorial service this past weekend. Kenji represented the many voices in the accounting profession that Josh was a part of. Kenji shares stories about Josh's humility, thoughtfulness, and influence. Although Josh never sought the spotlight, he became well-known in the accounting world through his steady leadership and generosity of spirit. Josh's presence will be deeply missed in the accounting community.Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

A recent report alleges Supreme Court Justice Clarence Thomas failed to disclose that a $267,000 recreational vehicle loan from a friend was forgiven, raising questions about potential tax issues and scrutiny around the justice's financial practices.Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David discuss the factors that impact accountant salaries, including location, experience, and industry, and highlight the correlation between accounting salaries and overall economic conditions, noting that periods of economic growth can lead to higher salaries. They also take a look at the partnership between PwC and OpenAI and speculate on the potential impact of AI on accounting consulting and fraud detection. All this and more, right now! SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zoho Aero Workflow - http://accountingpodcast.promo/aeroChapters(00:27) - Blake and David are back from SuiteWorld and talk about NetSuite's new AI features (09:31) - Using AI to audit cattle (12:22) - Former Trump CFO, Allen Weisselberg, describes GAAP (14:03) - FTX trial update (17:27) - The "proof of reserves" myth in crypto (20:22) - Are financial statements and audits irrelevant in 2023 (26:45) - QuickBooks is launching bill pay (33:01) - The 150-hour rule is a barrier, not a bar (40:24) - Should CPAs have more specific designations and should bookkeeping require licensure? (43:10) - 3 professors know how to solve the pipeline problem? (46:45) - Some ChatGPT updates (50:44) - PwC partners with OpenAI (55:53) - Xero announces AI with searches (57:38) - Wrap up and where to reach Blake and David  Show NotesBill to compete with Intuit after partnership ends               https://www.paymentsdive.com/news/bill-intuit-partnership-embedded-payments-smb-competition-b2b/691269/ BILL Introduces Integrated Financial Operations Platform for Small Businesseshttps://www.pymnts.com/smbs/2023/bill-introduces-integrated-financial-operations-platform-for-small-businesses/ Intuit Introduces QuickBooks Bill Pay, Expanding Money Platform to Deliver Business-to-Business Payments with AP Automation        https://investors.intuit.com/news/news-details/2023/Intuit-Introduces-QuickBooks-Bill-Pay-Expanding-Money-Platform-to-Deliver-Business-to-Business-Payments-with-AP-Automation/default.aspx Intuit Introduces QuickBooks Bill Pay       https://thepaypers.com/online-mobile-banking/intuit-introduces-quickbooks-bill-pay--1265038 Is FTX the biggest audit disaster ever?     https://www.accountingweb.co.uk/community/blogs/philip-fisher/is-ftx-the-biggest-audit-disaster-ever The mystery of FTX's missing $9B is unraveled     https://www.accountingtoday.com/articles/the-mystery-of-ftxs-missing-9b-is-unraveled-at-sbf-trial Bill Unveils Accountant Console for Accountant Partners https://insightfulaccountant.com/accounting-tech/vendor-news/bill-unveils-accountant-console-for-accountant-partners/ Stick with high standards — and 150 hours           https://www.accountingtoday.com/opinion/stick-with-high-standards-and-the-150-credit-hour-requirements-for-cpas With annual reports in the hundreds of pages, who has time to run a business?   https://www.cityam.com/with-annual-reports-in-the-hundreds-of-pages-who-has-time-to-run-a-business/ PwC partners with ChatGPT creator OpenAI         https://www.accountingtoday.com/articles/pwc-offers-advice-from-bots-in-deal-with-chatgpt-firm-openai Avalara Expands Partnership with Oracle NetSuite to Deliver Integrated E-Invoicing Solutionhttps://www.cpapracticeadvisor.com/2023/10/17/avalara-expands-partnership-with-oracle-netsuite-to-deliver-integrated-e-invoicing-solution/96047/ New York AG accuses crypto firms of deceiving investors in $1 billion fraudhttps://www.cnn.com/2023/10/19/tech/crypto-firms-fraud-charges-new-york/index.html CPA Standoff: Why haven't the other provincial bodies joined the ...          https://www.canadian-accountant.com/content/profession/cpa-standoff-other-provincial-bodies Accounting is facing a labor crisis. Could fraud be part of the solution?     https://phys.org/news/2023-10-accounting-labor-crisis-fraud-solution.html FTX Used Billions in Customer Funds to Buy Back Binance Stake   https://www.coindesk.com/policy/2023/10/19/ftx-used-billions-in-customer-funds-to-buy-back-binance-stake/ Accounting is facing a labor crisis. Could fraud be part of the solution?     https://news.ufl.edu/2023/10/accounting-facing-labor-crisis/ Accountants battle software integration frustration          https://www.accountingweb.co.uk/tech/accounting-software/accountants-battle-software-integration-frustration Oracle NetSuite Embeds Generative AI Throughout the Suite to Help Organizations Boost Productivity

NetSuite founder Evan Goldberg discusses the company's 25th anniversary, new AI features like Text Enhance and Customer 360, and his long-term vision for intelligent assistants integrated with NetSuite.Meet Our Guest, Evan GoldbergLinkedIn: https://www.linkedin.com/in/evan-netsuite/Learn more about NetSuiteWebsite: https://www.netsuite.com/portal/home.shtmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Wayne Berson, CEO of BDO USA, joins Blake and guest host, David Leary, on the Earmark Podcast to discuss BDO's recent transition to an employee stock ownership plan (ESOP), making it the first major accounting firm to implement an ESOP structure. They discuss how the ESOP aims to attract and retain talent in the accounting profession and provide employees at all levels with an ownership stake in the firm.Meet Our Guest, Wayne BersonLinkedIn: https://www.linkedin.com/in/wayneberson/Learn more about BDOWebsite: https://www.bdo.com/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

There’s a lot to digest in this episode! Blake and David discuss Microsoft's $28.9 billion tax bill, and examine a tax-fraud scheme involving art donations. JPMorgan Chase CEO Jamie Dimon predicts that AI advancements will create a shorter workweek in the future. They also look at Xero’s newest features, including improved algorithms for recognizing new contacts and bank reconciliation statements, and talk about Grant Thornton's implementation of Git Assist, an AI tool for accessing internal knowledge resources. All this and so much more, right here, right now! SponsorsZoho - http://accountingpodcast.promo/zohoKeeper - https://cloudaccountingpodcast.promo/keeperSouth Carolina Association of CPAs (SCACPA) - http://accountingpodcast.promo/scacpaChapters(00:35) - The war in Israel and its effect on tech startups (04:36) - Heather Smith sends in an example of an AI language changer she used (06:49) - Arthur Andersen's Chicago house for sale (09:17) - Updates from the FTX, Sam Bankman-Fried trial (15:44) - IRS contractor who leaked tax returns of famous agrees to plea deal (19:03) - Trump trial updates (22:49) - George Santos facing 23 new charges (24:50) - Update on the Canada CPA standoff (26:42) - Nationwide accounting shortage is threatening small towns (27:59) - Number of accounting graduates drop largest percentage in single year since 1985 (31:03) - Workday and the problem with schools rolling out ERP's (38:02) - What pricing lessons accounting firms can learn from ski resorts (42:56) - CFO Brew's survey on remote work (47:27) - IRS says Microsoft owes $28.9 billion in back taxes (51:40) - IRS tax-gap predictions, and scams to watch for in 2022 (54:59) - Jamie Dimon predicts AI will reduce workweeks to 3.5 days (55:56) - Xero announces new AI features (56:49) - Grant Thornton rolls out GT Assist (59:13) - Earn free CPE for listening to this episode and remember to subscribe  Show NotesPool of accounting graduates shrinks, AICPA report findshttps://www.journalofaccountancy.com/news/2023/oct/pool-of-accounting-graduates-shrinks-aicpa-report-finds.html Report: Iowa can pay the bills but lacks transparency in its accountinghttps://blackchronicle.com/midwest/iowa/report-iowa-can-pay-the-bills-but-lacks-transparency-in-its-accounting/ New accounting system causes bill backlog at U of Washingtonhttps://www.insidehighered.com/news/quick-takes/2023/10/12/new-accounting-system-causes-bill-backlog-u-washington Grant Thornton launches internal generative AI tool          https://www.accountancydaily.co/grant-thornton-launches-internal-generative-ai-tool Art of Accounting: Leaving your job to start your own practicehttps://www.accountingtoday.com/opinion/art-of-accounting-leaving-your-job-to-start-your-own-practice Arthur Andersen's Winnetka home for salehttps://www.chicagobusiness.com/residential-real-estate/arthur-andersens-winnetka-home-sale The SBF Trial is Embarrassing For Crypto Industry               https://www.smallbiztechnology.com/archive/2023/10/the-sbf-trial-is-embarrassing-for-crypto-industry.html/ Returning to the office is costing you $51 per day, study finds       https://finance.yahoo.com/news/returning-office-costing-51-per-172630839.html Microsoft May Owe $28.9 Billion in Back Taxes to the IRShttps://gizmodo.com/microsoft-may-owe-28-9-billion-in-back-taxes-to-the-ir-1850921247 IRS Says Tax Gap For 2021 Expected To Be $688 Billion     https://www.forbes.com/sites/kellyphillipserb/2023/10/12/irs-says-tax-gap-for-2021-expected-to-be-688-billion/ How Israel's tech community is responding to the Israel-Hamas war           https://www.cnbc.com/2023/10/13/israels-tech-community-responds-to-israel-hamas-war.html Iowa's annual financial report late again; agencies mum on whyhttps://www.bleedingheartland.com/2022/02/02/iowas-annual-financial-report-late-again-agencies-mum-on-why/ Iowa auditor slams governor, state for delays threatening universitieshttps://www.thegazette.com/higher-education/iowa-auditor-slams-governor-state-for-delays-threatening-universities/ UW’s Financial Accounting System            https://www.washington.edu/opb/uws-financial-accounting-system/ WSU recognized externally for Workday expertise              https://news.wsu.edu/news/2023/07/27/wsu-recognized-externally-for-workday-expertise/ Ohio State drops effort to update student information systemhttps://www.insidehighered.com/news/2022/01/11/ohio-state-drops-effort-update-student-information-system LMU announces Workday Forward; staff reflect on the “abysmal fiasco” of original Workday launchhttps://www.laloyolan.com/news/lmu-announces-workday-forward-staff-reflect-on-the-abysmal-fiasco-of-original-workday-launch/article_13a1bb8f-fae6-5958-abe4-c090a...

After a decade-long audit, Microsoft is facing a whopping $29 billion tax bill from the IRS for what the agency claims was an "illusory scheme" to channel profits through Puerto Rico—but with years of appeals ahead, will the tech giant ultimately pay the total amount?Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David dig into the use of AI agents in solving problems, emphasizing the effectiveness of assigning different roles to the agents and having them interact with each other to reach satisfactory results. They also discuss the latest accounting news, including the recent arrest of an IRS contractor, the IRS slashing the PTIN fee, ongoing trials, and cyber-attacks.SponsorsRelay - https://cloudaccountingpodcast.promo/relayKeeper - https://cloudaccountingpodcast.promo/keeperAccountests - https://cloudaccountingpodcast.promo/accountestsChapters(00:47) - Don Jr. explains GAAP (04:07) - Stories we'll cover this week (06:13) - WSJ article on why no one is going into accounting (10:30) - New Illinois CPA Society survey (12:42) - The IRS is watching people who resold Taylor Swift tickets (14:11) - Chick-fil-A is testing out robot servers and what accountants can learn in what customers want & expect in restaurants (18:39) - Zoom adds AI companion features (23:58) - FedNow hits milestone (26:07) - Listener mail (34:15) - QuickBooks offers a $50/month assisted bookkeeping service (40:33) - Listener mail: Should I change majors from accounting? (43:17) - FEMA and WGU are alternative ways to earn 150 credits (46:33) - Microsoft using AI to help AI (51:00) - Former IRS contractor charged with leaking billionaire tax filings (55:03) - Trump blaming his former Mazars accountant in fraud trial (59:36) - CPA Canada vs CPA Quebec and CPA Montreal updates (01:01:53) - MGM cyber attack follow up (01:04:16) - WSJ reports Binance is in trouble (01:08:25) - Wrap up and how to reach us  Show NotesChick-fil-A Reportedly Tests Robot Servers Amid Diner Concerns Around Automationhttps://www.pymnts.com/restaurant-technology/2023/chick-fil-a-tests-robot-servers-amid-diner-concerns-around-automation/ AICPA Endorses Key Legislation Recognizing the Link Between ...  https://www.prnewswire.com/news-releases/aicpa-endorses-key-legislation-recognizing-the-link-between-accounting-and-stem-301941029.html Why No One's Going Into Accounting - WSJ           https://www.wsj.com/lifestyle/careers/accounting-salary-cpa-shortage-dec2caa2 IRS slashes PTIN fees       https://www.accountingtoday.com/news/irs-slashes-ptin-fees New National Research on CPA Pipeline Challenges Underway      https://www.cpapracticeadvisor.com/2023/10/05/new-national-research-on-cpa-pipeline-challenges-underway/95453/ IRS contractor charged in leak of billionaire taxpayer infohttps://www.accountingtoday.com/news/irs-contractor-charged-in-leak-of-billionaire-taxpayer-info-to-news-outlets CPA Standoff: Financial transparency a key issue in national ...      https://www.canadian-accountant.com/content/profession/cpa-standoff-financial-transparency-dispute Anthony's Coal Fired Pizza and Wings removes AI ordering platform           https://www.pizzamarketplace.com/articles/anthonys-coal-fired-pizza-and-wings-removes-ai-ordering-platform/ FedNow Service Surpasses 100 Participants Since July Launch       https://www.pymnts.com/news/faster-payments/2023/fednow-service-surpasses-100-participants-since-july-launch/ 2024 Public Accounting Starting Salary Numbers Are In   https://www.goingconcern.com/2024-public-accounting-starting-salary-numbers-are-in/ Clorox Experiences Significant Financial Loss Stemming From Recent Cyber Attack               https://blog.knowbe4.com/clorox-cyber-attack-financial-loss CPA Pipeline Research Survey      https://intraprise.qualtrics.com/jfe/form/SV_cUSqP1Kalfh58ZE?Source=PRMK 2024 Salary Guide | Robert Half https://www.roberthalf.com/us/en/insights/salary-guide CPA Standoff: Unique regulatory status of CPA Quebec complicates accounting rift              https://www.canadian-accountant.com/content/profession/cpa-standoff-ontario-governance-dispute CPA standoff: Ontario government sticks to sidelines in governance dispute           https://www.canadian-accountant.com/content/profession/cpa-standoff-ontario-governance-dispute Message from Jerilyn Dressler re: accounting profs lacking real world experience  https://mail.google.com/mail/u/0/#inbox/FMfcgzGtxTBWVtqNtvTshjnDnxjTvHJM Trump business fraud trial continues with accountant testimony on 4th day | PBS NewsHour         https://www.pbs.org/newshour/amp/politics/trump-business-fraud-trial-continues-with-accountant-testimony-on-4th-day MGM Resorts Refused to Pay Ransom in Cyberattack on Casinos - WSJ     https://www.wsj.com/tech/cybersecurity/mgm-resorts-refused-to-pay-ransom-in-cyberattack-on-casinos-3a53fa6d?st=36ug7ec...

Looking for the best cities to launch your accounting career? This top 10 countdown will highlight the metro areas with the highest demand, abundant jobs, and the most competitive salaries for accountants. Forbes Advisor compiled this list. See the full list here: https://www.forbes.com/advisor/education/top-cities-for-accountants/ Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe Get in TouchThanks for listening and 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 Apple Podcasts, 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; 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 necessitiesTeePublic Store: http://cloudacctpod.link/merch SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Sharon Lassar, Ph.D., CPA, and Director of the School of Accountancy at the University of Denver, shares concerns and perspectives on CPA licensure, including the resistance to changing the 150-hour requirement, the challenges of online learning and potential cheating, the impact on the value of the CPA designation, and the need for leadership and action from organizations like the AICPA and NASBA to address these issues and improve the profession.Meet Our Guest:Sharon Lassar, Ph.D., CPALinkedIn: https://www.linkedin.com/in/sharon-lassar/Website: https://daniels.du.edu/directory/sharon-lassar/Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David cover a plethora of topics including positive customer experiences, legal rulings, top cities for accountants, and the pressure on Intuit from major banks. They also dig into the discovery of a large sum of cash at a senator's home, how Trump defrauded the banks, another potential government shutdown, and the accounting talent crisis. All this, and more, right here, right now!SponsorsOnPay - https://cloudaccountingpodcast.promo/onpayRelay - https://cloudaccountingpodcast.promo/relayOhMyFraud - https://ohmyfraud.comChapters(00:58) - Blake shares a good customer experience at a parking garage (05:14) - CPACharge adds invoice payment directly through app (07:58) - Donald Trump defrauded banks and insurers (14:32) - Intuit pressured by credit card companies and banks to not support gun stores (20:04) - Throwback to Burger King first accepting credit card payments (24:04) - Top cities to be an accountant (29:14) - Bob Menendez and how much cash an average person should keep at home (35:25) - Government shutdown update and predictions (39:30) - Kelly Richmond Pope on the accountant talent crisis (47:28) - The IRS revolving door (51:58) - PCAOB announces new audit rule (55:25) - What accountants can learn from Smucker's hybrid work model (58:35) - Amazon invests $4 billion in Anthropic's Claude (01:00:30) - The Pentagon is using AI to navigate its own bloated policies (01:02:30) - Deloitte CEO says he doesn't deserve his pay (01:04:29) - We need more practical application in accounting classes (01:07:40) - Wrap up and where to reach us Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesNow the Profession Is Losing Experienced Accountants Toohttps://www.goingconcern.com/accountants-leaving-the-profession/ Nearly 1,000 millionaires haven't filed tax returnshttps://www.accountingtoday.com/news/nearly-1-000-millionaires-havent-filed-tax-returns Jayapal, Warren Call on IRS to Address Revolving Door Between ...https://jayapal.house.gov/2023/09/28/jayapal-warren-call-on-irs-to-address-revolving-door-between-irs-and-giant-accounting-firms-after-troubling-inspector-general-findings/ What CPAs can learn from Smucker's       https://www.accountingtoday.com/opinion/smuckers-sweet-recipe-for-rto-a-blend-of-flexibility-and-focus The top cities in the U.S. to be an accountant       https://www.accountingtoday.com/list/the-top-cities-in-the-u-s-to-be-an-accountant Intuit Reverses Ban On Gun-Related Businesses   https://www.zerohedge.com/political/intuit-reverses-ban-gun-related-businesses JPMorgan Chase Caught Trying to Block Gun Purchases   https://catholicvote.org/jpmorgan-caught-trying-block-gun-purchases/ CPACharge Announces Automated Invoicing, Streamlining Customer Billing Cycle For Accounting Professionals      https://finance.yahoo.com/news/cpacharge-announces-automated-invoicing-streamlining-150000639.html As Government Shutdown Appears More Likely, Treasury Releases IRS Contingency Planhttps://www.forbes.com/sites/kellyphillipserb/2023/09/28/as-government-shutdown-appears-more-likely-treasury-releases-irs-contingency-plan/ The last government shutdown was the longest in more than 40 yearshttps://www.cnn.com/2023/09/29/politics/last-federal-government-shutdown-longest-dg/index.html Audit Firms Face Stiffer Mandate to Verify Client Details Under New Rulehttps://www.wsj.com/articles/audit-firms-face-stiffer-mandate-to-verify-client-details-under-new-rule-679e30cd The top cities in the U.S. to be an accountant | Accounting Todayhttps://www.accountingtoday.com/list/the-top-cities-in-the-u-s-to-be-an-accountant The Right Amount of Cash to Keep at Home for Emergencies. Hint: Not $480,000. – WSJhttps://www.wsj.com/personal-finance/emergency-fund-cash-on-hand-b04136d1 Judge rules Donald Trump defrauded banks and insurers while building real estate empire | AP News        https://apnews.com/article/donald-trump-letitia-james-fraud-lawsuit-1569245a9284427117b8d3ba5da74249 Pentagon’s Budget Is So Bloated That It Needs an AI Program to Navigate It            https://theintercept.com/2023/09/20/pentagon-ai-budget-gamechanger/ Amazon bets $4 billion on Anthropic’s Claude, the chatbot platform rivaling ChatGPT and Google's Bard | VentureBeat                https://venturebeat.com/ai/amazon-bets-4-billion-on-anthropics-claude-the-chatbot-that-rivals-chatgpt-and-googles-bard/ Deloitte CEO Says He Doesn't Deserve His Pay - Going Concern     https://www.goingconcern.com/monday-morning-accounting-news-brief-deloitte-ceo-says-he-doesnt-deserve-his-pay-the-accountant-shuffle-7-17-23/...

Ben Richmond, Xero's Country Manager for the United States, joins us to discuss new Xero product features like improved inventory management and AI integration, plans for the upcoming XeroCon 2024 conference, the future of the accounting profession, and Xero's sponsorship of the FIFA Women's World Cup. Ben provides an insider's look into Xero's roadmap and vision for transforming accounting with technology. (00:00) - Intro and XeroCon Conference Plans (02:15) - New Xero Product Features (07:15) - AI in Accounting Software (14:30) - Rebranding the Accounting Profession (21:45) - Advice for Accounting Firms (25:30) - Activating Brand Sponsorships (30:15) - Xero's Small Business Fund (37:00) - Diversity and Inclusion in Accounting Meet Our Guest, Ben RichmondLinkedIn: https://www.linkedin.com/in/ben-richmond-ca-b8794220/Twitter: https://twitter.com/BenRichmond1Learn more about Xerohttps://www.xero.com/us/Show Notes: Xero Beautiful Business Fund (applications close Oct. 6)AI guideXero's 2023 Money Matters Report Future Focus: Xero’s AI Guide for Accountants and Bookkeepers Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

The recent moratorium on Employee Retention Credit (ERC) claims has big implications for accounting and tax professionals. In this episode, we break down what the ERC moratorium means and the key things you need to know as an accountant or tax preparer. We discuss how it will impact tax preparation and the diligence required to avoid invalid/fraudulent ERC claims, the bookkeeping and accounting changes to accommodate the moratorium, and the effects on audits. Tune in to understand what the ERC moratorium means for you and your work. Meet Our Guest:Reynaldo E. Arellano, CPA PFS CGMALinkedIn: https://www.linkedin.com/in/reynaldoarellano/Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David discuss the potential for AI to replace CEOs of CPA firms. They also dive into the increasing trend of remote work in accounting firms, contrasting the reservations expressed by some CEOs with the benefits of remote work for employees and the environment. Then, on to cryptocurrency scams and criticisms of the 150-hour rule for becoming a CPA, with listener emails sharing personal experiences and concerns about the rule.Sponsors LiveFlow - http://accountingpodcast.promo/liveflowRelay - https://cloudaccountingpodcast.promo/relay FreshBooks - http://accountingpodcast.promo/freshbooksChapters(00:34) - Blake is back from San Diego (03:59) - Accountant rejects partnership offer to open daycare franchise (05:38) - ChatGPT makes a YouTube video (10:39) - IRS walks back promise to stay open during government shutdown (15:00) - AICPA says IRS source thinks 95% of new ERC claims are ineligible (16:25) - AICPA Town Hall spends 4x on M&A vs pipeline issues (21:34) - IRS posts 3,700 new jobs (23:09) - Check out the Unofficial QuickBooks Accountants Podcast (24:28) - Will AI replace managing partners? (27:54) - The real reason Jamie Dimon is so against remote work (33:48) - Deloitte study demonstrates the benefits of remote work for employees (38:37) - Study reveals remote workers cut greenhouse gas emissions by 54% (40:34) - Mark Cuban lost $870k in a crypto scam (43:53) - Tether is once again lending out their stablecoins - reversing earlier promise not to (49:00) - The wild courses CPAs take to get their 150 hours (52:04) - The accounting backgrounds of Republican presidential candidates (54:38) - The IRS plans to use AI to audit large partnerships (59:42) - Paulita is inspired by the podcast to get back into accounting (01:03:38) - Final listener email and wrap-up Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesPeople who work from home all the time ‘cut emissions by 54%’ against those in office | Greenhouse gas emissions                https://www.theguardian.com/environment/2023/sep/18/people-who-work-from-home-all-the-time-cut-emissions-by-54-against-those-in-office IRS to hire 3,700 agents to pursue wealthy tax dodgers    https://www.accountingtoday.com/articles/irs-seeks-to-hire-3-700-agents-to-pursue-wealthy-tax-dodgers California Companies Defer Billions in Taxes, Interest-Free, as Borrowing Costs Rise             https://www.wsj.com/articles/california-companies-defer-billions-in-taxes-interest-free-as-borrowing-costs-rise-8aea409f Experienced Accountants Sought by IRS for New Large Corp ...     https://tax.thomsonreuters.com/news/experienced-accountants-sought-by-irs-for-new-large-corp-partnership-auditor-positions/ US government shutdown: What is it and who would be affected?              https://www.reuters.com/world/us/us-government-shutdown-what-closes-what-stays-open-2023-09-21/ IRS to remain ‘fully operational’ if Congress triggers government shutdown            https://federalnewsnetwork.com/government-shutdown/2023/09/irs-to-remain-fully-operational-if-congress-triggers-government-shutdown/ IRS to ‘partially close’ if government shutdown happens, reversing earlier plans, union says            https://federalnewsnetwork.com/government-shutdown/2023/09/irs-to-partially-close-if-government-shutdown-happens-reversing-earlier-plans-union-says/ IRS Activities Following the Shutdown     https://www.irs.gov/newsroom/irs-activities-following-the-shutdown America's tax collectors may escape a possible government shutdown     https://finance.yahoo.com/news/americas-tax-collectors-may-escape-a-possible-government-shutdown-111211477.html Representative Introduced Bill Halting Legislator Pay During Shutdownhttps://www.businessinsider.com/bill-for-halting-legislator-pay-mccarthy-shutdown-act-2023-9 JPMorgan's Jamie Dimon delivers a stern warning to remote workers - TheStreet https://www.thestreet.com/personal-finance/jpmorgans-jamie-dimon-delivers-a-stern-warning-to-remote-workersGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other neces...

Accounting has long been viewed as a stable career, but in recent years, droves of accountants have been leaving the profession. Blake Oliver dives into a recent Wall Street Journal article highlighting the factors driving experienced accountants away, from burnout and boredom to the threat of automation.Show NotesJob Security Isn’t Enough to Keep Many Accountants From Quittinghttps://www.wsj.com/articles/accounting-quit-job-security-675fc28f Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe Get in TouchThanks for listening and 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) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merch SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcast Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let The Accounting Podcast listeners know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

The government shutdown threat looms as Congress scrambles to pass funding bills. The IRS previously said it could stay open during a shutdown by relying on Inflation Reduction Act funds. But now the agency says those funds can't sustain operations. According to its union, the IRS is preparing for furloughs and partial closures if a shutdown hits. This reversal surprised IRS employees and could spell delays for taxpayers and CPAs.Show NotesIRS plans possible furloughs in case of shutdownhttps://www.accountingtoday.com/news/irs-plans-possible-furloughs-in-case-of-a-government-shutdownIRS to ‘partially close’ if government shutdown happens, reversing earlier plans, union sayshttps://federalnewsnetwork.com/government-shutdown/2023/09/irs-to-partially-close-if-government-shutdown-happens-reversing-earlier-plans-union-says/Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe.comGet in TouchThanks for listening and 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) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let The Cloud Accounting Podcast listeners know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Buckle up for a wild ride covering everything from brazen ERC scams to cutting-edge AI. Join Blake and David as they expose the rampant fraud sucking billions from the federal coffers. You'll hear an unbelievable voicemail scam promising gangbusters refunds—could it really be Snoop Dogg or is your mind playing tricks?Fast forward to the bleeding edge of technology with jaw-dropping examples of AI voice and face swapping. Think real-time translation opening global markets. But not so fast—can emerging tech replace human accountants offshore? We tackle the automation debate head-on.Strap on your justice caps as the crew champions entrepreneurial accountants breaking free from the shackles of the timesheet. But will AI be the death knell of the billable hour? Tune in to find out!Sponsors LiveFlow - http://accountingpodcast.promo/liveflow Forwardly - https://cloudaccountingpodcast.promo/forwardly Aero Workflow - http://accountingpodcast.promo/aeroChapters(00:45) - David got a voicemail from Snoop Dogg! (08:42) - Mark Cuban and Warren Buffett talk about why accounting is important (12:50) - Couple gets married in the accounting classroom where they met (14:51) - Purdue accounting professors invite accounting students and alumni to tailgate together at football games (15:51) - AICPA drops the ball on member survey (19:11) - Vegas gets hit by cyber attacks (23:30) - Square outage causes problems for small businesses (25:32) - The Doberman dog breed is named after a German tax collector (26:33) - JP Morgan partners with Gusto to offer online payroll (28:36) - American Express & Walmart expand small business offerings (31:47) - AI real-time language translation for video and audio is not far away (39:01) - The future of voice assists and integration with LLM's (43:58) - 29-year-old accountant quits firm to open her own (49:34) - Offshoring vs. automation (55:26) - Blake's new lawyer charges by the hour...sometimes (57:39) - Thanks for listening and how to earn free CPE Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesJPMorgan to offer online payroll services                https://www-cnbc-com.cdn.ampproject.org/c/s/www.cnbc.com/amp/2023/09/14/jpmorgan-to-offer-online-payroll-services.html I.R.S. Freezes Pandemic-Era Tax Credit Amid Fraud Fears  https://www.nytimes.com/2023/09/14/us/politics/irs-pandemic-employee-credit-fraud.html The Cyberattack That Sent Las Vegas Back in Time              https://www.wsj.com/lifestyle/travel/las-vegas-mgm-cyberattack-casinos-6ca43dcf Caesars Paid Ransom After Suffering Cyberattack – WSJhttps://www.wsj.com/business/hospitality/caesars-paid-ransom-after-suffering-cyberattack-7792c7f0 Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. She has her own firm nowhttps://finance.yahoo.com/news/meet-29-old-accountant-whose-110000532.html Mark Cuban on Accounting via Hector Garciahttps://youtube.com/watch?v=VT_SCYbkmd8&si=3fLUqsQbqIlCzkgAMeet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. She has her own firm nowhttps://finance.yahoo.com/news/meet-29-old-accountant-whose-110000532.html How Amex is building a B2B ecosystem for SMBs https://tearsheet.co/smb-finance/how-amex-is-building-a-b2b-ecosystem-for-smbs/ IRS halts new ERC processing after flood of bogus claims https://www.accountingtoday.com/news/irs-halts-new-employee-retention-credit-processing-after-flood-of-bogus-claims Don't offshore. Automate instead             https://www.accountingtoday.com/opinion/dont-offshore-automate-instead MGM hack has Vegas hotels resorting to cash bars, paper vouchers           https://bankautomationnews.com/allposts/risk-security/mgm-hack-has-vegas-hotels-resorting-to-cash-bars-paper-vouchers/ They found love in their accounting classroom. Ten years later, they ...      https://www.wenatcheeworld.com/lifestyles/they-found-love-in-their-accounting-classroom-ten-years-later-they-got-married-there/article_c0ee232e-5334-11ee-a4ac-e359a3362f03.html Walmart Business Has a Plan to Boost SMB Cash Flow      https://www.pymnts.com/commercial-payments/2023/walmart-business-has-a-plan-to-boost-smb-cash-flow/ Square and Cash App outage creates trouble for small businesses               https://www.asbn.com/articles/square-and-cash-app-outage-creates-trouble-for-small-businesses/ MGM Resorts Hack Becomes Hassle for Vacationers Who Must Use Cash https://www.pymnts.com/cybersecurity/2023/mgm-resorts-hack-becomes-hassle-vacationers-must-use-cash/ Cash App And Square Face System Outage, Keeping Users From Their Coins

The IRS has announced an immediate moratorium on new Employee Retention Tax Credit claims through the end of the year amidst a surge of questionable submissions. Tune in for details on the ERC crackdown, including new criminal probes, longer processing times, and options for withdrawing improper claims.Show NotesEmployee Retention Credit Eligibility Checklist: Help understanding this complex credithttps://www.irs.gov/newsroom/employee-retention-credit-eligibility-checklist-help-understanding-this-complex-creditRed flags for Employee Retention Credit claims; IRS reminds businesses to watch out for warning signs of aggressive promotion that can mislead people into making improper ERC claimshttps://www.irs.gov/newsroom/red-flags-for-employee-retention-credit-claims-irs-reminds-businesses-to-watch-out-for-warning-signs-of-aggressive-promotion-that-can-mislead-people-into-making-improper-erc-claimsNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet in TouchThanks for listening and 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) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let The Cloud Accounting Podcast listeners know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

This week we dive into the pipeline shortage and the need for more accounting candidates, and discuss Intuit's groundbreaking use of AI in TurboTax and its potential impact on accounting professionals. Guest Jack Castonguay sheds light on FASB's recent announcement on accounting standards for digital assets and how it affects companies holding crypto assets. We also explore positive aspects of the accounting profession and address the need for critical changes like higher salaries and re-evaluating the audit process.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowFreshBooks - http://accountingpodcast.promo/freshbooks South Carolina Association of CPAs (SCACPA) - http://accountingpodcast.promo/SCACPAChapters(00:47) - Welcome Jack Castonguay to the show (02:00) - Jack is quoted: "Shrinking CPA Pipeline Fuels Calls to Relay Education Mandate" (04:18) - Intuit introduces 'Intuit Assist' an AI chatbot for tax (13:20) - The new AI in QuickBooks is ... less impressive (15:21) - 6 in 10 Americans live paycheck to paycheck (15:51) - FASB announcement on accounting standards for digital assets (18:12) - Listener voicemail: Accounting teaches you to be a BS detector (22:09) - Listener voicemail: Does the accounting profession cover too much? (30:40) - Why more people should become accountants (33:23) - The problem with ELE programs to reach 150 (38:27) - ADP study shows why and when people change jobs (41:10) - How can starting salaries increase in accounting? (46:33) - Why accounting students should double major (53:01) - Checking back in on the live chat with questions (58:48) - We get a one-star review! Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesIntuit reveals new A.I. assistant after major investment   https://fortune.com/2023/09/06/intuit-ai-virtual-assistant-major-investment-ceo-sasan-goodarzi/ Intuit Assist - Your AI Accounting Assistant            https://quickbooks.intuit.com/ai-accounting/ Intuit Mailchimp Launches New Global Campaign to Help Marketers Untangle Their Clustomer Problemhttps://investors.intuit.com/news/news-details/2023/Intuit-Mailchimp-Launches-New-Global-Campaign-to-Help-Marketers-Untangle-Their-Clustomer-Problem/default.aspx Introducing Intuit Assist: The Generative AI-Powered Financial Assistant for Small Businesses and Consumers         https://investors.intuit.com/news/news-details/2023/Introducing-Intuit-Assist-The-Generative-AI-Powered-Financial-Assistant-for-Small-Businesses-and-Consumers/default.aspx Promoting an employee may lead them to leave https://www.accountingtoday.com/news/adp-examines-impact-of-promotions-on-employee-motivation-and-retention Transformative Tax Preparation: Gen-AI Powered Intuit Apollohttps://blog.turbotax.intuit.com/breaking-news/tax-preparation-powered-by-gen-ai-59318/ Intuit Assist Poised To Boost Competitive Moat, Gets A Price Target Boost From Analystshttps://www.benzinga.com/analyst-ratings/analyst-color/23/09/34327992/intuit-assist-poised-to-boost-competitive-moat-gets-a-price-target-boost-from-analy Intuit cut hundreds of jobs and spent at least $20 billion in a massive bet on AI. Today the company is revealing its new virtual assistant https://finance.yahoo.com/news/intuit-cut-hundreds-jobs-spent-120000980.html Google to charge big businesses $30 per user per month for AI in Gmail and work appshttps://www.cnbc.com/2023/08/29/google-will-charge-enterprises-30-a-month-for-duet-ai-in-workspace.html Meet our guest, Jack CastonguayWebsite: https://scholar.google.com/citations?user=Pg5p99EAAAAJ&hl=en&oi=sraLinkedIn: https://www.linkedin.com/in/jack-castonguay-phd-cpa/Twitter: https://twitter.com/profjackc?lang=enInstagram: https://www.instagram.com/profjackscout/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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/Spotify

Join us for an in-depth conversation with Jerry Maginnis, a retired Big Four audit partner, about the value and criticisms of financial statement audits.Jerry draws on his decades of experience auditing public companies to respond to issues around audit quality, staff work conditions, complexity in accounting standards, and whether audits truly protect investors. He provides perspective on PCAOB inspections, the pass/fail system, and deficient audits.Blake and David ask tough questions about audit fees increasing while staff salaries stagnate, whether accounting and auditing standards should be simplified, and whether audits provide usefulness to average investors.Jerry argues audits still provide an invaluable service in capital markets despite imperfections but also sees opportunities for improvement through leveraging technology. He gives advice on maintaining a value-creation mindset and shares his motivation behind writing a book for young accountants.Meet Our Guest:Jerry MaginnisLinkedIn: https://www.linkedin.com/in/jerry-maginnis-18a47813/Read Jerry's book, Advice for a Successful Career in the Accounting Profession: How to Make Your Assets Greatly Exceed Your Liabilities: https://a.co/d/6SWvDwm Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

We’ve got an AI-packed episode this week! Ryan Lazanis demonstrates how AI and voice cloning technology can be utilized to streamline the analysis of financial statements. Blake and David examine various applications of AI in accounting, including tools for extracting key information from emails and documents, an AI-powered tax analysis tool, and the potential for AI to enhance advisory services. They also dig into some issues related to spam and scams in QuickBooks support, emphasizing the need for more granular requirements for accounting services and specialized education in areas like tax and much much more!SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Zoho - http://accountingpodcast.promo/zoho Forwardly - http://accountingpodcast.promo/forwardlyChapters(00:00) - TAP 348 (01:02) - Preview: Why we need more CPAs (01:45) - David finally gets with the TSA Pre program (03:20) - Using ChatGPT to write a Medicare appeal letter (04:41) - Chad took Beginning Walk/Jog to finish out his 150 hours (10:03) - Reflecting on the Unique CPA Bridging The Gap 2023 Conference (12:58) - Blake renewed his CPA license with 3 minutes to spare! (18:49) - Professor pumps accounting on Wheel of Fortune (24:14) - Accounting can make for a flexible lifestyle (25:07) - ABC News investigates the Big Four in Australia (34:21) - Is there a revolving door between Intuit employees and the IRS? (38:54) - Using AI to automate a P&L walkthrough video (48:41) - Doing tax research with AI (52:26) - Annoucing the "Unofficial QuickBooks Accountants Podcast" (54:00) - QuickBooks support scammer caught and punished (57:20) - Sean asks: "Is it a CPA shortage, or a resource allocation problem?" (01:02:46) - The CPAs education requirement for taxes is too low (01:06:44) - Wrap up and remember to subscribe so you don't miss an episode Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow Notes“Tax prep giants are terrified. Their lobbyists are working overtime to try to keep the federal government from finally providing an easy, free way to file taxes. But we’re at a historic moment where we can get this done—so let’s keep pushing.” Elizabeth Warren (@ewarren) August 17, 2023https://twitter.com/ewarren/status/1692232917806698820 Democrats are increasingly optimistic about the IRS' plan to offer free tax prep software and break TurboTax and H&R Block's strangleholdhttps://www.businessinsider.com/democrats-optimistic-about-irs-plans-to-offer-free-tax-filing-services-2023-8      Democrats accuse tax prep firms of undermining new IRS effort on electronic free file tax returns https://apnews.com/article/irs-free-file-tax-returns-391ded1dbd73444bada5e946e962d70c Danielle Booker, Ph.D., CPA on LinkedIn: #accountants #accounting #cpa #patsajak #vannawhite #wheeloffortune…                https://www.linkedin.com/posts/danielle-booker-ph-d-cpa-05142238_accountants-accounting-cpa-activity-7097604071477362688--U2u ‘The World’s Fastest Accountant’ Is Running Away From the ‘Boring Stiff Squares’ Stereotypehttps://www.goingconcern.com/the-worlds-fastest-accountant-is-running-away-from-the-boring-stiff-squares-stereotype/ The 'revolving door' between accounting and the IRShttps://www.accountingtoday.com/news/hundreds-of-irs-employees-worked-for-accounting-firms IRS agents are getting paid by private accounting firms: watchdoghttps://thehill.com/business/4176786-irs-agents-are-getting-paid-by-private-accounting-firms-watchdog/ No Cubicles Here! The Shockingly Sun-Kissed Life of Digital Nomad Accountantshttps://hbculifestyle.com/digital-nomad-accountants/ MACPA Chair Christine Aspell looks to combat accounting ...https://www.bizjournals.com/bizwomen/news/profiles-strategies/2023/08/accounting-misconceptions.html?page=all Passaic County Man Charged in $13 Million Technology Support ...             https://www.justice.gov/usao-nj/pr/passaic-county-man-charged-13-million-technology-support-scam-targeting-over-seven Hundreds of IRS employees worked for accounting firmshttps://www.accountingtoday.com/news/hundreds-of-irs-employees-worked-for-accounting-firms I took "Intro to Philosophy" to finish out my 150 credits. I thought that was ridiculous. But this guy has me beat!   https://www.linkedin.com/posts/blaketoliver_cpa-activity-7103070376422735872-JZkC 'The World's Fastest Accountant' Is Running Away From the 'Boring Stiff Squares' Stereotypehttps://www.goingconcern.com/the-worlds-fastest-accountant-is-running-away-from-the-boring-stiff-squares-stereotype/ Jennifer Wilson on LinkedIn: Love this. Accounting is a cool, tech-forward, difference-making…https://www.linkedin.com/posts/jenniferwilsonprofile_accountants-accounting-cpa-activity-7098413369098919936-vRqf Tax Genii 1 4 Demohttps://www.youtube.com/watch?v=x-SXc1V58gQ How a sleeper issue inside the big four accounting giants could topple the economyhttps://www.abc....

Blake and David discuss issues relating to the accounting profession's talent pipeline, including a high school student's negative experience in her first accounting class and efforts by state CPA societies to reduce licensing barriers. They move on to tech topics, like the slow adoption of AI tools such as ChatGPT among accountants and new product features announced by Intuit and Xero. Wrapping things up, they share listener feedback on finding resources to learn new accounting software and workflows and provide commentary on app subscription price increases and the need for accountants to price their services properly.Sponsors OnPay - https://cloudaccountingpodcast.promo/onpay CCH Access - https://cloudaccountingpodcast.promo/axcess Keeper - https://cloudaccountingpodcast.promo/keeperChapters(00:00) - Preview: Accountants need to charge more (01:02) - Welcome to The Accounting Podcast : Blake talks to high school senior in an accounting class (10:41) - The South Carolina Accociation of CPAs introduces new changes to 150 rule (20:02) - Air traffic controllers are understaffed and narrowly avoiding disaster (23:51) - The number of EA's in The NAEA is down 23% over the last 5 years (26:10) - Comparing air traffic controller shortage to accounting shortage (31:26) - Attestation reports are not audits (34:09) - Listener mail from a bookkeeper asking for recommendations on how to learn QuickBooks better (40:36) - What should firms do when accounting software raise their prices? (46:26) - LegalZoom launches LegalZoom Books (49:02) - How many Ohio CPAs have tried ChatGPT at all? (51:57) - Intuit released their year end earnings (55:07) - Some new Xero AI news & Xerocon is back in the US for 2024 (59:15) - Relay ups FDIC insurance to $2.5 million and Stripe offers sales tax calculations (01:01:25) - Wrap up and where to reach us Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesProduct wrap from Xerocon Sydney 2023 | Xero Blog        https://www.xero.com/blog/2023/08/product-wrap-from-xerocon-sydney-2023/ 150 Hours is a Barrier – Really! - Going Concern  https://www.goingconcern.com/150-hours-is-a-barrier-really/ Jacob Schroeder: 86% of OSCPA Town Hall attendees have not used ChatGPT at allhttps://x.com/jacobbschroeder/status/1694748226904060157?s=12 SCACPA Proposing Legislation to Address Pipeline Challenges – SCACPAhttps://www.scacpa.org/scacpa-proposing-legislation-to-address-pipeline-challenges/ Airline Close Calls Happen Far More Often Than Previously Knownhttps://www.nytimes.com/interactive/2023/08/21/business/airline-safety-close-calls.html Please join the Arizona State Society of Enrolled Agents “Town Hall”          https://aztaxpros.org/images/meeting/082323/Town_Hall/azsea_invite_to_town_hall_on_aug_23__2023.pdf Question from a bookkeeperhttps://www.linkedin.com/feed/update/urn:li:activity:7094151084134338560/Upcoming changes to QuickBooks Desktop pricing + FAQshttps://www.firmofthefuture.com/product-update/quickbooks-desktop-pricing-changes/ Dext pricing change from today https://www.accountingweb.co.uk/any-answers/dext-pricing-change-from-today Introducing Ramp Plus   https://ramp.com/blog/introducing-ramp-plus Fintech Ramp is Raising Capital at $5.5 Billion Valuation, Down 30%           https://www.theinformation.com/articles/fintech-ramp-is-raising-capital-at-5-5-billion-valuation-down-30 Accountants face up to the cost of cloud app stacks          https://www.accountingweb.co.uk/tech/tech-pulse/accountants-face-up-to-the-cost-of-cloud-app-stacks Stripe Unveils “Tax for Platforms” to Streamline Tax Compliance for Small Businesses         https://smallbiztrends.com/2023/08/stripe-unveils-tax-for-platforms-to-streamline-tax-compliance-for-small-businesses.html Intuit (INTU) Q4 2023 Earnings Call Transcript      https://www.fool.com/earnings/call-transcripts/2023/08/24/intuit-intu-q4-2023-earnings-call-transcript/ Why Students Opt for Accounting (or Don’t)         https://cpatrendlines.com/2023/08/20/why-students-opt-for-accounting-or-dont/ CPA Exam Changes and Pipeline Woes Are a Perfect Storm of Problems For the Profession               https://www.goingconcern.com/cpa-exam-changes-and-pipeline-woes-are-a-perfect-storm-of-problems-for-the-profession/ Stop calling them auditshttps://blockworks.co/news/blockchain-audits-ey FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Dayhttps://www.coindesk.com/policy/2023/08/23/ftx-bankruptcy-burning-through-15m-in-legal-costs-every-day/ 150 Hours is a Barrier - Really!    https://www...

The requirements to become a licensed CPA differ across states, yet CPAs maintain mobility to practice in multiple jurisdictions. How does this work? David Knoble, Chair of the South Carolina Association of CPAs (SCACPA), joins the show to bust myths around substantial equivalency and mobility rules for CPAs and discuss the SCACPA's proposed changes to licensure requirements in the state to encourage more accountants to become CPAs.Knoble clarifies how states have flexibility in setting licensing requirements under existing standards while still enabling cross-border practice privileges. With an in-depth look at the Uniform Accountancy Act, including real examples of alternative pathways, we shed light on this complex topic to provide an accurate understanding of what substantial equivalency and mobility mean for you as an accounting professional. Tune in as we separate fact from fiction around these critical concepts impacting the CPA profession.Meet Our Guest, David KnobleLinkedIn: https://www.linkedin.com/in/davidmknoble/Twitter: https://twitter.com/knoblecpaLearn more about Knoble Ingle CPAshttps://www.knobleingle.com/Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

In this episode, Blake and David talk app integration frustrations, Gusto's new payroll feature, increased fees for tax professionals, a tragic accident involving an IRS agent, low job fulfillment among accountants, and an employee stock ownership plan at BDO. They also dive into Amazon's new product review feature and the appointment of a former Intuit executive as the new CEO of PayPal. Rounding things out, they speculate on Alex Chriss' move to PayPal and the potential benefits for accountants and bookkeepers.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowAero Workflow - http://accountingpodcast.promo/aeroKeeper - https://cloudaccountingpodcast.promo/keeperChapters(00:04) - Preview: BDO's new equity model (00:55) - Welcome to The Accounting Podcast (02:35) - Every app for accountants should have a spreadsheet view (05:59) - We have reached peak user interface: How AI will simplify app design (07:22) - Why Bob from accounting could soon be a bot (12:30) - NATP study shows tax pros raised prices by over 20% in 2023 (20:57) - IRS agent accidentally killed by fellow agent at gun range (24:12) - Sam Bankman Fried sent to jail (25:19) - 60% of accountants rate their job fulfillment at C or lower (27:20) - BDO USA borrows $1.3 billion to create an employee stock ownership plan (32:05) - How to solve the accounting talent crisis (35:50) - Amazon using AI to summarize customer reviews (37:25) - PayPal's names new CEO: How Intuit, PayPal, and X are all connected (47:24) - Wrap up, where to reach us, and checking in on the live chat Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesPayPal Names Alex Chriss as Next President and CEO        https://newsroom.paypal-corp.com/2023-08-14-PayPal-Names-Alex-Chriss-as-Next-President-and-CEO Alex Chriss Succeeds Dan Schulman as the new CEO of PayPal       https://ceoworld.biz/2023/08/17/alex-chriss-succeeds-dan-schulman-as-the-new-ceo-of-paypal/ IRS agent accidentally shot, killed by fellow agent during training at Phoenix gun rangehttps://www.azfamily.com/2023/08/17/irs-agent-accidentally-shot-killed-by-fellow-agent-during-training-phoenix-gun-range/ AICPA, NASBA Team to Help Ease Path to CPA Licensure   https://www.intuitiveaccountant.com/in-the-news/people-and-business/aicpa-nasba-team-to-help-ease-path-to-cpa-licensure/ Withum and Seton Hall launch CPA apprenticeshiphttps://www.accountingtoday.com/news/withum-and-seton-hall-launch-cpa-apprenticeship Large firm shakes up business model with employee stock ownership planhttps://www.journalofaccountancy.com/news/2023/aug/large-firm-shakes-up-business-model-employee-stock-ownership-plan.html Intuit Names Marianna Tessel General Manager of Small Business and Self-Employed Grouphttps://www.businesswire.com/news/home/20230814601878/en/Intuit-Names-Marianna-Tessel-General-Manager-of-Small-Business-and-Self-Employed-Group/ Can PayPal’s incoming CEO jump-start profitable growth?https://www.paymentsdive.com/news/paypal-ceo-checkout-venmo-smb-payments/690928/ BDO to create ESOP with $1.3B credit deal            https://www.accountingtoday.com/news/bdo-to-create-esop-with-1-3b-credit-deal Former eBay CEO Still Wields Influence over PayPal as It Names New CEOhttps://www.ecommercebytes.com/2023/08/14/former-ebay-ceo-still-wields-influence-over-paypal-as-it-names-new-ceo/ Elon Musk's 25-year obsession with 'X' explains what he did to Twitterhttps://mashable.com/article/musk-x-twitter-paypal With plans to hire 200, a former PayPal CEO launches new digital bank in Miamihttps://www.miamiherald.com/news/business/article251326533.html Outspoken: Bill Harris, Founder and Chairman of Personal Capital and former CEO of Intuit and Paypal       https://www.jsbarefoot.com/podcasts/2017/5/21/outspoken-bill-harris-ceo-of-personal-capital-and-former-ceo-of-intuit-and-paypal 5 things to know about Intuit’s small business guru Alex Chriss—PayPal’s incoming CEO https://www.fastcompany.com/90938418/paypal-ceo-alex-chriss-dan-schulman-what-to-know X.com names former Intuit brass its CEOhttps://www.cnet.com/tech/tech-industry/x-com-names-former-intuit-brass-its-ceo/ 5 ways the IRS funding boost is paying offhttps://www.washingtonpost.com/opinions/2023/08/17/irs-funding-tax-season-wait-times/ How Amazon continues to improve the customer reviews experience with generative AIhttps://www.aboutamazon.com/news/amazon-ai/amazon-improves-customer-reviews-with-generative-ai BDO partners in line for windfall after $1.3bn debt deal with Apollo Global Management | Financial Times               https://www.ft.com/content/78f60830-57a2...

We discuss whether the economy is headed for a soft landing or hard fall with Gusto's Chief Economist Liz Wilke. Topics include:Recession outlook and key indicators like interest rates and inflationLabor shortage impacts on the economyCommercial real estate risks for banksImpacts of bank mergers on small business lendingLiz evaluates recession odds, labor trends, and lending risks - offering nuanced outlooks on potential impacts for businesses, workers, banks, and more. It's a timely discussion providing an expert economic perspective on uncertainties ahead.Meet Our Guest, Liz Wilke, PhD LinkedIn: https://www.linkedin.com/in/lizwilke/Learn more about GustoWebsite: https://gusto.com/Show NotesListen to the Gustonomics podcast: https://podcasts.apple.com/ca/podcast/the-gustonomics-podcast/id1700748603The Economy Explained - August edition: https://gusto.com/partner-resources/the-economy-explained-august2023Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Jen Cryder, CEO of the Pennsylvania Institute of Certified Public Accountants, joins Blake and David to discuss the accounting profession's pipeline problems, including the decline in accounting majors and the difficulties of replacing retiring CPAs. Join the discussion on solutions like work-and-learn models and redefining education requirements. Discover strategies to attract and retain talent, prioritizing the preferences of younger generations and aligning company culture with marketing efforts. Tune in to learn how accounting firms can refresh their image and flourish.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowForwardly - http://accountingpodcast.promo/forwardlySouth Carolina Association of CPAs (SCACPA) - http://accountingpodcast.promo/SCACPAChapters(00:00) - Preview: Not getting a Big 4 offer was the best thing to ever happen to me (00:48) - Welcome Jen Cryder to the show and her overall thoughts on the accounting talent shortage and pipeline problem (06:19) - What are your thoughts on Tulane's new professional advancement program? (13:28) - Are substantial equivalency and mobility really a roadblock? (18:45) - Smaller firms are the ones really impacted by this talent shortage (20:04) - PCAOB says 40 percent of 2022 audits are deficient (24:35) - What are the things younger accountants are really complaining about? (30:34) - CPA firms hike starting salaries 14% (32:32) - How do we encourage young people to go into the accounting profession? (38:55) - Does accounting have more of a retention problem than a pipeline problem? (47:12) - Accounting firms need to think of more creative ways to recruit (50:23) - Remember to subscribe to The Accounting Podcast and where to reach Jen Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesUnveiling CalCPA’s New Brand     https://www.youtube.com/watch?v=diGVHSgDpU0 Tax and Accounting Pay Advancing at 5.9% Pace  https://cpatrendlines.com/2023/08/08/tax-and-accounting-pay-advancing-at-5-9-pace/ AICPA, NASBA team with Tulane to ease CPA licensing | Accounting Todayhttps://www.accountingtoday.com/news/aicpa-nasba-team-with-tulane-to-ease-cpa-licensing CPA firms facing talent shortage hike starting salaries 14% | CFO Divehttps://www.cfodive.com/news/cpa-firms-facing-talent-shortage-hike-starting-salaries-accounting-accountants/689913/ Pennsylvania CPAs try out work-and-learn model for young accountants | Accounting Todayhttps://www.accountingtoday.com/news/pennsylvania-cpas-try-out-work-and-learn-model-for-young-accountantsConnect with Our Guest, Jen CryderLinkedIn: https://www.linkedin.com/in/jencryder/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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsFinDaily - https://findaily.io/ Forwardly - https://www.forwardly.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Today, we have a special bonus episode from our sister podcast, Oh My Fraud. Hosts Caleb Newquist and Greg Kyte speak with Nathan Mueller. As a young person, Nathan was hyper-focused on wanting to make money, which led him to perpetuate an $8-million embezzlement scheme in the mid-2000s. Nathan tells his story and answers questions about the fraud, his time in prison, and his new job as ... an accountant! Want to hear more Oh My Fraud episodes? Listen and subscribe at ohmyfraud.comFollow Oh My Fraud on Social Media:twitter.com/ohmyfraudfacebook.com/OhMyFraud  linkedin.com/oh-my-fraud EARN FREE CPELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Blake and David delve into the use of AI in detecting plagiarism in students' papers and its implications for the ongoing debate on AI's impact on employment. They also shed light on the increasing cost of audits and the alarming decline in audit quality. Shifting the focus to remote work, they analyze a study's findings on productivity and emphasize the importance of considering the nature of the work. The conversation takes a concerning turn as they address the shortage of accounting staff and the urgent need to address overwork and its detrimental effects. The episode wraps up with an intriguing discussion on the IRS's transition to paperless operations and recent incidents involving lost tax information. As a bonus, they share amusing anecdotes of fraudsters and a heartwarming story of an accountant being inducted into a water ski hall of fame.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoSouth Carolina Association of CPAs (SCACPA) - http://accountingpodcast.promo/SCACPAChapters(00:04) - Preview: Where did Hunter Biden's income come from? (00:59) - Welcome to the show and a few quick AI stories (04:49) - Leaders split on whether AI will reduce or expand headcount (06:44) - The price of audits has doubled over the last 20 years (12:54) - Remote workers are less productive? (21:02) - The cost of forcing employees back to the office (29:07) - Less than 1% of accounting firms can find enough staff (34:58) - EY Oceania survey shows problems with work hours and culture at firm (40:12) - The IRS is going paperless? (45:37) - The IRS is losing track of tax info during shipments (47:05) - Some new details on the Hunter Biden story (48:58) - Tax preparer arrested after seeking over $124 million in phony tax credits (51:56) - A Chinese accountant stole the equivalent of $677,000 USD in an attempt to keep her boyfriend (54:30) - Blake reads some listener mail on ways to get the extra 30 hours required for a CPA license, and if getting a CPA license is the right choice (01:00:14) - How to reach David and Blake and subscribe to us on YouTube Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesIRS loses track of tax info during shipments between processing centers | Accounting Todayhttps://www.accountingtoday.com/news/irs-loses-track-of-tax-info-during-shipments-between-processing-centers Leaders split on whether AI will reduce or expand headcount | Accounting Todayhttps://www.accountingtoday.com/news/leaders-split-on-whether-ai-will-reduce-or-expand-headcount Hunter Biden plea deal outlines tax and accounting problems | Accounting Todayhttps://www.accountingtoday.com/articles/hunter-biden-plea-deal-outlines-tax-and-accounting-problems Less than 1% of accounting firms can find enough staff | Accounting Todayhttps://www.accountingtoday.com/news/less-than-1-of-accounting-firms-can-find-enough-staff IRS will finally let most Americans file taxes online next yearhttps://www.theverge.com/2023/8/3/23818531/irs-paperless-tax-filings-2024 Audit fees triple in 20 years | Accounting Today  https://www.accountingtoday.com/news/audit-fees-triple-in-20-years We're now finding out the damaging results of the mandated return to the office–and it's worse than we thoughthttps://fortune.com/2023/08/01/research-damaging-results-mandated-return-to-office-worse-than-we-thought-rto-remote-work-careers-leadership-gleb-tsipursky/ Students can use AI on applications, Arizona State law school says | Reutershttps://www.reuters.com/legal/transactional/students-can-use-ai-applications-arizona-state-law-school-says-2023-07-28/ EY Finally Admits It Has Some Serious Culture and Overwork Problems After Someone Died at the Officehttps://www.goingconcern.com/ey-finally-admits-it-has-some-serious-culture-and-overwork-problems-after-someone-died-at-the-office/ JPMorgan CEO Jamie Dimon chides managers who work from home: ‘I don’t know how you can be a leader and not be completely accessible to your people’     https://finance.yahoo.com/news/jpmorgan-ceo-jamie-dimon-chides-184750015.htmlGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://clo...

In this episode, Blake and David cover the downfall of Mattel's co-founder and Barbie inventor, Intuit's new ad network that allows businesses to target specific audiences using data from QuickBooks Online, and the increasing rate of deficiencies in public company audits. They also discuss the detrimental effect of the 150-hour rule on students pursuing careers in accounting, the availability of a malicious code-writing tool called Fraud GPT on the dark web, and the use of AI in customer support and sales calls. Sponsors OnPay - https://cloudaccountingpodcast.promo/onpayRelay - https://cloudaccountingpodcast.promo/relayForwardly - https://cloudaccountingpodcast.promo/forwardlyChapters(00:04) - Be prepared for higher prices because of AI (01:05) - What does Barbie have to do with accounting? (05:03) - Intuit is launching an ad network (11:58) - As much as 40% of audits in 2022 could be deficient (20:48) - Why are students switching majors away from accounting? (25:57) - IRS will no longer do any unannounced visits (27:14) - Hunter Biden saga update (28:54) - Sage announces latest earnings (30:34) - FraudGPT - dark web service (32:08) - Real-life example of AI use case for a company (36:53) - New conversational AI Air demo sales call (41:40) - ChatGPT introduces custom instructions (42:26) - Plaid announces deal with Cross River Banks (44:19) - Blake reads some Youtube comments on the TurboTax video (48:56) - A few quick final stories (52:53) - Wrap up and where to reach us Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow Notes22 years after the $63 billion Enron collapse, a key audit review board finds the industry in a 'completely unacceptable' statehttps://fortune.com/2023/07/26/pcaob-audit-completely-unnacceptable-error-rate-enron-big-4-consulting/ 150-hour requirement seen as a significant barrier to accounting by young peoplehttps://www.accountingtoday.com/news/150-hour-requirement-seen-as-a-significant-barrier-to-accounting-by-young-people The Sage Group plc (SGGEF) Q3 2023 Earnings Call Transcripthttps://seekingalpha.com/article/4620753-sage-group-plc-sggef-q3-2023-earnings-call-transcript Plaid Taps Cross River to Offer Real-Time Payments           https://www.pymnts.com/real-time-payments/2023/cross-river-teams-with-plaid-to-offer-real-time-payments/ Sage sees solid growth in Q3https://www.enterprisetimes.co.uk/2023/07/28/sage-sees-solid-growth-in-q3/ Intuit Launches B2B Ad Network Targeting Small Business Owners              https://www.mediapost.com/publications/article/387583/intuit-launches-b2b-ad-network-targeting-small-bus.html Unannounced IRS revenue officer visits discontinued        https://proconnect.intuit.com/taxprocenter/tax-law-and-news/unannounced-irs-revenue-officer-visits-discontinued/ U.S. Accounting Watchdog Flags 'Unacceptable' Increase in Audit ...           https://money.usnews.com/investing/news/articles/2023-07-25/u-s-accounting-watchdog-flags-unacceptable-increase-in-audit-deficiencies IRS good at addressing cyberthreats, but not documenting themhttps://www.accountingtoday.com/news/report-says-irs-good-at-addressing-cyberthreats-but-not-at-documenting-them-later Exclusive: Mailchimp Owner Intuit Launches Media Network for Small Businesseshttps://www.adweek.com/programmatic/exclusive-mailchimp-owner-intuit-launches-media-network-for-small-businesses/ New AI Tool 'FraudGPT' Emerges, Tailored for Sophisticated Attackshttps://thehackernews.com/2023/07/new-ai-tool-fraudgpt-emerges-tailored.html Accounting Watchdog Expects Deficiencies in 40% of Public-Company Audits in 2022 - WSJ             https://www.wsj.com/articles/accounting-watchdog-expects-deficiencies-in-40-of-public-company-audits-in-2022-badfcda All About Barbie Inventor Ruth Handler: Where She Is Todayhttps://www.womenshealthmag.com/life/a44610455/ruth-handler-barbie/ How Vector Media transformed its customer support with AI | Zapierhttps://zapier.com/blog/nations-largest-ad-transit-company-transformed-customer-support-with-ai/ theCAQ.org | Significant Barriers Deter Students from Pursuing a Degree in Accounting, According to CAQ Report https://www.thecaq.org/pipelineresearch2023 IRS whistleblowers accuse Hunter Biden during congressional hearing | Accounting Todayhttps://www.accountingtoday.com/news/irs-whistleblowers-accuse-hunter-biden-during-congressional-hearing Want to Search PCAOB Inspection Reports By How Many Screw-Ups an Audit Firm Made? You Can Now Do That - CPA Practice Advisor https://www.cpapracticeadvisor.com/2023/07/20/new-online-tools-pcaob-inspection-reports/82128/...

In this episode of The Accounting Podcast, Blake and David discuss the economic impact of Taylor Swift's "The Eras Tour," Microsoft's CoPilot price with AI, the SEC vs Ripple case decision, the launch of FedNow, and a bill proposed by two senators to ban lawmakers from owning stocks. They also dig into stories about Apple's work on AppleGPT, software spending rising 25% over the last 12 months, the 150-hour rule, and the lack of black accountants in the profession. They dive into a case study for good marketing in accounting, ClientEarth warning Big 6 audit firms to protect the planet, a WSJ editorial board blaming accounting shortage on Biden, and close with a few fast QuickBooks stories, and much more! SponsorsLiveFlow - https://cloudaccountingpodcast.promo/liveflowZoho - https://cloudaccountingpodcast.promo/zohoAccruer - http://accountingpodcast.promo/accruerChapters(00:04) - Preview: Taylor Swift's "The Eras Tour" economic impact (00:53) - Welcome to The Accounting Podcast and a quick overview of topics for this episode (03:16) - Microsoft announces CoPilot price with AI (10:24) - SEC vs Ripple case decision (19:08) - FedNow finally launched (25:16) - Two senators are proposing bill on ban of lawmakers owning stocks (27:50) - Blake checks in on the live chat (28:30) - Apple working on AppleGPT (30:46) - Software spending rose 25% over the last 12 months (33:12) - Article on the 150-hour rule and lack of black accountants in the profession (35:54) - Blake and David look at a case study for good marketing in accounting (39:11) - Taylor Swift's billion-dollar impact on the economy (42:15) - ClientEarth warning Big 6 audit firms to protect the planet (44:31) - WSJ editorial board blames accounting shortage on Biden (51:04) - Bench Accounting (51:41) - 3 fast QuickBooks stories (54:01) - Accounting startup Dougs raises $27 million (55:06) - Shopify builds in a Zoom cost calculator (56:59) - Shopify releases AI update (01:00:49) - Blake reads some listener mail (01:04:01) - Wrap up and where to reach David and Blake Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesSens. Kirsten Gillibrand and Josh Hawley to unveil a bill to bar executive-branch members and lawmakers from owning stock in individual companies      https://www.wsj.com/articles/senators-to-propose-ban-on-u-s-lawmakers-executive-branch-members-owning-stock-6db6411 New comment on "339. 15-Year-Old Passes CPA Exam; NY Requires Independent Audits of AI Hiring Processes"     https://mail.google.com/mail/u/0/#inbox/FMfcgzGtwCxwDBHndZBtfKHkBgCgXhpr Taylor Swift's Economic Impact Has Caught the Eye of the Fedhttps://markets.businessinsider.com/news/stocks/taylor-swifts-economic-impact-catches-attention-federal-reserve-hotel-revenue-2023-7 After bootstrapping for 8 years, accounting startup Dougs raises $27 million | TechCrunchhttps://techcrunch.com/2023/07/04/after-bootstrapping-for-8-years-accounting-startup-dougs-raises-27-million/ Shopify's crusade against Zoom meetings now includes a cost calculator: 'Most of the modern work environment is broken' https://fortune.com/2023/07/12/remote-work-zoom-meeting-shopify-cost-calculator-modern-work-broken/ Shopify Sidekick video    https://twitter.com/tobi/status/1679114154756669441?s=20 Bridging the Gap: Between the Generations          https://www.intuitiveaccountant.com/education-hub/training-center/bridging-the-gap-between-the-generations/ ☕️ NOW, FED ☙ Friday, July 21, 2023 ☙ C&C NEWS 🦠 https://www.coffeeandcovid.com/p/now-fed-friday-july-21-2023-c-and KPMG Rolls Out Generative AI to Tax Pros, Launches Audit Pilothttps://news.bloombergtax.com/financial-accounting/kpmg-rolls-out-generative-ai-to-tax-pros-launches-audit-pilot QuickBooks Checking Simplifies Bank Feeds Matchinghttps://www.intuitiveaccountant.com/accounting-tech/general-ledger/quickbooks-checking-simplifies-bank-feeds-matching/ Big Six senior leadership missing in action on climate reporting and ...https://www.clientearth.org/latest/press-office/press/big-six-senior-leadership-missing-in-action-on-climate-reporting-and-audit/ FedNow launch: Fed's new instant payment system, goes live July 20https://www.usatoday.com/story/money/2023/07/20/fednow-launch-fed-instant-pay-service/70434964007/ Accounting firms accused of missing climate risks in company auditshttps://www.ft.com/content/befa329f-43bb-42fb-baeb-e0ae22d68acf The Biden Accounting Jobs Boom - WSJ  https://www.wsj.com/articles/tax-accounting-jobs-boom-biden-economy-taxes-internal-revenue-service-8db189ae QuickBooks Time Now QuickBooks Workforce     https://www.intuitiveaccountant.com/accounting-tech/general-ledger/quickbooks-time-now-quickbooks-workforce/ Why the CPA qualification’s 150-hour college credit rule is outdated–and inequitable

This week, Blake and David talk app survival signs, Big Tax Prep sending taxpayer data to Facebook, and the dearth of accountants visible in financials. They cover news from the accounting world, including Jirav's $20 million raise in its series B round, and Pilot's 13% workforce layoff, Collective's $50 million raise, and the story about the IRS website sending data to Google Analytics. They also discuss the Accountests ChatGPT challenge and Claude.AI as a ChatGPT alternative. SponsorsZoho - https://cloudaccountingpodcast.promo/zoho Forwardly - https://cloudaccountingpodcast.promo/forwardlyAccruer - http://accountingpodcast.promo/accruerChapters(00:00) - Preview: Owning your own accounting firm is a path to the upper middle class (01:19) - Welcome to The Accounting Podcast (03:24) - Jirav raises $20 million in series B round (04:29) - How likely a startup is to fail based on their funding round (10:05) - Is this the end of Evernote? (12:20) - Codat removing desktop API support from some plans (17:05) - Pilot lays off 13% of its workforce (20:01) - Collective raises $50 million (21:40) - Are tax prep companies giving customers' personal information to social media giants? (32:35) - Even the IRS website sends your data to Google Analytics! (38:03) - WSJ article on the accounting shortage (44:00) - Blake checks in on the live chat (53:43) - Accountests ChatGPT challenge (57:57) - Claude.AI as a ChatGPT alternative (01:01:17) - Wrap up and please check out our TurboTax Live Business Tax Return experience video on our YouTube channel Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesJirav raises $20M in Series B | Accounting Today https://www.accountingtoday.com/news/jirav-raises-20m-in-series-b 3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers sayhttps://apnews.com/article/irs-taxpayer-tax-preparation-meta-congress-9315cfca7a0942ab89f765d183fbf822 Tax prep companies shared private taxpayer data with Google and Meta for years, congressional probe finds | CNN Business               https://www.cnn.com/2023/07/12/tech/tax-prep-companies-taxpayer-data-google-meta/index.html The dearth of accountants has now become visible in several financial reports, with companies pleading difficulty in finding and retaining skilled people.         https://www.wsj.com/articles/the-accountant-shortage-is-showing-up-in-financial-statements-b14a6b94 ChatGPT Does Accountests Debits & Credits Test https://www.accountests.com/blogs/news/chatgpt-does-accountests-debits-credits-test Pilot lays off 13% of workforce – 45 Employees - LayoffsTracker    https://layoffstracker.com/pilot-lays-off-13-of-workforce-45-employees/?expand_articleChatGPT scores 90% on debits & credits test        https://www.blakeoliver.com/blog/chatgpt-scores-90-on-debits-amp-credits-test Some Chicago Restaurants Are Still Adding Surcharges Of Up to 20% to Checks. Should They?https://www.nbcchicago.com/news/local/some-chicago-restaurants-are-still-adding-surcharges-of-up-to-20-to-your-bill-should-they/3055697/ 2023-10-10: Change in pricing for some accounting integrations  https://docs.codat.io/updates/231010-deprecation-onprem-erp-premium Tax prep companies shared private taxpayer data with Google and Meta for years, congressional probe finds          https://www.cnn.com/2023/07/12/tech/tax-prep-companies-taxpayer-data-google-meta/index.html Attacks%20on%20Tax%20Privacy_Final.pdfhttps://www.warren.senate.gov/imo/media/doc/Attacks%20on%20Tax%20Privacy_Final.pdf Jirav Announces $20M Series B Round Led By Cota Capital              https://www.intuitiveaccountant.com/in-the-news/people-and-business/jirav-announces-20m-series-b-round-led-by-cota-capital/ The U.S. Tax Code Is Too Complex for Direct eFile to Work              https://taxfoundation.org/irs-efile-prefilled-tax-returns/ IRS renews cybersecurity push for tax pros            https://www.accountingtoday.com/news/irs-renews-cybersecurity-push-for-tax-pros The Accountant Shortage Is Showing Up in Financial Statements https://www.wsj.com/articles/the-accountant-shortage-is-showing-up-in-financial-statements-b14a6b94 Collective, a financial management platform for freelancers, raises $50M https://techcrunch.com/2023/07/11/collective-a-financial-management-platform-for-freelancers-raises-50m/ Bay Area tech firm relocating to Europe, lays off most staff https://www.sfgate.com/tech/article/evernote-layoffs-moving-to-europe-18190083.phpGet in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet

Join Blake Oliver, CPA, and David Leary as they review using TurboTax Live Full Service for their business taxes. See their candid reactions and feedback as they go through the process of filing their 2022 taxes with TurboTax for the first time.Blake and David walk through the steps of getting matched with a tax expert, gathering documents, communicating with their preparer, and finally filing their partnership return. You'll look at the portal used for document exchange, see the questions asked during onboarding, and find out what last-minute items held up their return filing.See if the "tax expert" delivers and how the return process compares to working directly with a CPA or EA. If you're on the fence about trying TurboTax Live Full Service for your business taxes, this candid review will showcase the pros and cons to help you decide.Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Learn how Meryl built a 30-headcount bookkeeping firm in eight years that can operate without her. We also get Meryl's take on the PwC scandal in Australia. Earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at earmarkcpe.com.SponsorsRelay - https://cloudaccountingpodcast.promo/relayFinDaily - https://accountingpodcast.promo/findailyEarmark for Teams - https://accountingpodcast.promo/freeshirtChapters(00:04) - Preview: Why can't the US tax deadlines be as relaxed as Australia's (00:50) - Welcome Meryl Johnston to the show and some background on Bean Ninjas (05:49) - Tell us a little about the growth of Bean Ninjas, remote work, and taking a step back from day-to-day operations (10:26) - How does Meryl track employees' work when they're remote? (12:13) - Can you tell us about Bean Ninja's journey of niching? (22:46) - How do you deal with communication challenges with remote work and different schedules (28:31) - What is the current size of your firm, and what type of work do you now do? (35:16) - What do you tell accountants who are afraid to niche? (39:20) - Is the accounting talent crisis also happening in Australia? (41:19) - Meryl gives her take on the PwC scandal in Australia (47:38) - Are 2 new Australian tech companies coming for Xero's throne? (55:25) - Is software plus a service the future of accounting tech? (59:02) - Wrap up and how people can listen to Meryl's podcasts Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesFuel Up the Bus, PwC Australia Has Named and Shamed Eight Partners Tied to the Tax Leak Scandalhttps://www.goingconcern.com/fuel-up-the-bus-pwc-australia-has-named-and-shamed-eight-partners-tied-to-the-tax-leak-scandal/ PwC Sold Off Its Scandal-Plagued Government Consulting Business For 67 Cents - Going Concernhttps://www.goingconcern.com/pwc-sold-off-its-scandal-plagued-government-consulting-business-for-67-cents/ PwC Sold a Part of Its Australian Business for $1 Because of Tax Leak Scandal - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/06/29/pwc-sold-a-part-of-its-australian-business-for-67-cents-because-of-tax-leak-scandal/81609/ A new threat to Xero? The rise of Hnry: a one-stop shop for sole traders, ft. Karan Anandhttps://www.raskmedia.com.au/2023/06/27/xero-risk-hnry-accounting-karan-anand/ Exclusive: PwC Australia ties Google to tax leak scandal – sourceshttps://www.reuters.com/technology/pwc-australia-ties-google-tax-leak-scandal-sources-2023-07-05/ Thriday swings at big accounting platforms with AI expense toolhttps://www.smartcompany.com.au/finance/tax/thriday-business-expense-bank-ai-artificial-intelligence/Meet Our Guest, Meryl JohnstonLinkedIn: https://www.linkedin.com/in/meryl-johnston-3a483728/Website: https://beanninjas.com/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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/FinDaily - https://findaily.io/ Forwardly - https://www.forwardly.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

In this episode, Blake and David examine the story of the 15-year-old who recently passed the CPA exam, as well as recent news involving accounting firms transitioning to corporations, AI investments, and new laws concerning AI hiring. They also cover several tech stories related to accounting, problems with client portals, and much more!SponsorsOnPay - https://cloudaccountingpodcast.promo/onpayRelay - https://cloudaccountingpodcast.promo/relayForwardly - https://cloudaccountingpodcast.promo/forwardlyChapters(00:04) - Preview: Accounting firms will transition to corporations (01:00) - Blake and David are back from their trips (05:03) - A 15-year-old in Mississippi has passed the CPA exam (07:00) - Jennifer asks about TAP's TurboTax Live Business experience (10:05) - Mackenzie's voicemail re: accounting shortage (18:37) - BDO USA is shifting from a partnership to a corporation (20:55) - EY officially announces it has called off "Project Everest" but is still the number one US audit firm for public companies (24:25) - M365 Co-Pilot updates (29:50) - Thomson Reuters announces $100 million per year AI investment (32:04) - Avalara launches a sales tax calculator in ChatGPT (36:17) - Gusto hires former head of data science and analytics from Google (37:09) - Taxfyle releases AI tax-prep bot (39:04) - New York announces new AI law for hiring (44:15) - A few more quick tech stories and the problems with client portals (47:06) - Wrapbook wrap-up (51:45) - Where to reach David and Blake Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesTech News: TaxFyle releases AI tax prep bot          https://www.accountingtoday.com/list/tech-news-taxfyle-releases-generative-ai-tax-prep-bot Why everyone is mad about New York’s AI hiring lawhttps://www.technologyreview.com/2023/07/10/1076013/new-york-ai-hiring-law/ Mississippi youth passes CPA Exam – at Age 15https://www.journalofaccountancy.com/news/2023/jun/mississippi-youth-passes-cpa-exam-at-age-15.html BDO USA is Shifting From a Partnership to a Corporation - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/06/26/bdo-usa-is-shifting-from-a-partnership-to-a-corporation/81445/ Gusto hires former Google exec to add AI to products | Accounting Todayhttps://www.accountingtoday.com/news/gusto-hires-former-google-exec-to-add-ai-to-products KPMG cuts 5% of U.S. workforce | Accounting Today        https://www.accountingtoday.com/news/kpmg-cuts-5-of-u-s-workforce KPMG’s Big Four Dominance on Bank Audits Shaken by Failureshttps://news.bloombergtax.com/financial-accounting/kpmgs-big-four-dominance-on-bank-audits-shaken-by-failures Thomson Reuters adding AI to tax software | Accounting Todayhttps://www.accountingtoday.com/news/thomson-reuters-adding-ai-to-tax-software EY Tops Rival Audit Firms in Public Company Clients - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/06/20/ey-tops-rivals-in-public-company-audit-clients/81193/ Shopify vows to fight CRA request to hand over records from more than 121,000 Canadian businesseshttps://www.ctvnews.ca/business/shopify-vows-to-fight-cra-request-to-hand-over-records-from-more-than-121-000-canadian-businesses-1.6454822 Accounting firm EY calls off ‘Project Everest’ to break up firm ...https://www.dailymirror.lk/business/Accounting-firm-EY-calls-off-Project-Everest-to-break-up-firm/215-261867 Finance Automation Platform Ramp Acquires AI Startup Cohere.iohttps://www.pymnts.com/artificial-intelligence-2/2023/finance-automation-platform-ramp-acquires-ai-startup-cohere-io/ BDO USA is Shifting From a Partnership to a Corporation https://www.cpapracticeadvisor.com/2023/06/26/bdo-usa-is-shifting-from-a-partnership-to-a-corporation/81445/  M365 Copilot, Microsoft’s generative AI tool, explainedhttps://www.computerworld.com/article/3700709/m365-copilot-microsofts-generative-ai-tool-explained.html Intuit Supercharges Intuit GenOS with OpenAI’s Large Language Models to Bring GenAI Experiences to Customershttps://investors.intuit.com/news/news-details/2023/Intuit-Supercharges-Intuit-GenOS-with-OpenAIs-Large-Language-Models-to-Bring-GenAI-Experiences-to-Customers/default.aspx Wrapbook Expands its Payroll Platform to Enable Seamless ...https://www.businesswire.com/news/home/20230629819270/en/Wrapbook-Expands-its-Payroll-Platform-to-Enable-Seamless-Collaboration-Across-Production-and-Accounting-Teams Kraken ordered to turn over its users' information to the IRShttps://www.accountingtoday.com/articles/kraken-ordered-to-turn-over-its-users-information-to-the-irs

In this episode of the Accounting Podcast, Blake and David talk to CPA Roger Knecht about how much CPAs should charge for business tax returns. They also touch on the latest news, including Hunter Biden's plea deal for tax charges, the Pentagon overestimating supplies sent to Ukraine by $6.2 billion, and the SEC charging Marcum with quality control failures. They also dig into sports gamblers losing more money as parlays gain popularity, Roger's five pricing strategies, and AI in accounting. SponsorsOnPay - https://cloudaccountingpodcast.promo/onpayRelay - https://cloudaccountingpodcast.promo/relay Helcim - https://cloudaccountingpodcast.promo/helcimChapters(00:23) - Preview: CPAs are pricing themselves too low (01:13) - Welcome Roger to the show and a little background on what he does (03:20) - What topics we'll cover in this episode (04:25) - Hunter Biden takes plea deal in tax charges (09:20) - Pentagon overestimates supplies sent to Ukraine by $6.2 billion (12:27) - Who will win: Elon Musk vs Mark Zuckerberg (16:07) - CPA Ontario and CPA Quebec sever ties with CPA Canada (20:56) - The SEC charges Marcum with quality control failures (31:52) - Yahoo Finance article on how much people should expect to pay for a CPA (38:33) - Sports bettors losing more money as parlays gain popularity (43:59) - Roger's 5 pricing strategies (48:53) - Some updates on AI in accounting (57:18) - Wrap up and where to reach Roger Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeMeet Our Guest, Roger Knecht:Website: https://universalaccounting.com/LinkedIn: https://www.linkedin.com/in/rogerknecht/Twitter: https://twitter.com/universalacctFacebook: https://www.facebook.com/universalaccountingschoolInstagram: https://www.instagram.com/rogerknecht/Show NotesEven by the standards of billionaire-versus-billionaire tiffs, the proposed cage fight between Elon Musk and Mark Zuckerberg stands out    https://www.wsj.com/articles/elon-musk-mark-zuckerberg-cage-fight-b71fa4ff Marcum, the SEC said, audited nearly half of the roughly 860 SPAC IPOs in 2020 and 2021. The firm agreed to pay the SEC $10 million in fines for widespread failures in its audits.          https://www.wsj.com/articles/marcum-to-settle-sec-pcaob-claims-over-widespread-failures-in-spac-audits-bb8f3d48 Accounting Mistake Caused Pentagon to Overestimate Cost of Weapons Sent to Ukraine by $6.2B - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/06/21/accounting-error-caused-pentagon-to-overestimate-cost-of-weapons-sent-to-ukraine-by-6-2b/81322/ I'm a Small Business Owner. How Much Will a CPA Cost Me?         https://finance.yahoo.com/news/im-small-business-owner-much-130149992.html 4 in 5 Australians want PwC banned from new government work  | Accountants Daily       https://www.accountantsdaily.com.au/regulation/18685-four-in-five-australians-want-pwc-banned-from-new-government-work CPA Quebec, Ontario bodies sever ties with national organizationhttps://financialpost.com/fp-finance/cpa-quebec-ontario-sever-ties-national-organization Hunter Biden expected to plead guilty to tax-related misdemeanor crimes as part of a plea agreement       https://www.nbcnews.com/news/amp/rcna90144 How much did Congress lose by defunding the IRShttps://www.washingtonpost.com/opinions/interactive/2023/irs-enforcement-costs-congress-funding/ Parlay bets are becoming a bigger part of online sports betting—which is good news for the house              https://www.wsj.com/articles/sports-better-win-lose-ddcaae24 BDO to Convert to a Corporation, Replacing US Partnership (2)https://news.bloombergtax.com/financial-accounting/bdo-to-convert-to-a-corporation-replacing-its-us-partnership New bookkeeping platform Thriday says AI is on its way to save you from taxes and accountantshttps://stockhead.com.au/tech/new-bookkeeping-platform-thriday-says-ai-is-on-its-way-to-save-you-from-taxes-and-accountants/ CLA launches high school summer intern program             https://www.accountingtoday.com/news/cla-launches-high-school-summer-intern-program Jeff Seibert, CEO and Co-Founder of Digits – Interview Series         https://www.unite.ai/jeff-seibert-ceo-and-co-founder-of-digits-interview-series/ KPMG's Banking Troubles Give Accounting a Black Eye (Podcast)https://news.bloombergtax.com/daily-tax-report/kpmgs-banking-troubles-give-accounting-a-black-eye-podcast Digits AI Debuts as World's First Secure, Accurate, Business Finance AIhttps://www.prnewswire.com/news-releases/digits-ai-debuts-as-worlds-first-secure-accurate-business-finance-ai-301857407.html Pentagon's Ukraine ac...

In this episode, Blake and David talk about the lack of audits hurting the profession, alternatives to tracking hours, whether to pursue a CPA or EA, and salary advice for new accountants. Next, they tackle a ton of news including AI integration in Mailchimp, the launch of FedNow Payment Network, the ROI of IRS audits, and the UK's Making Tax Digital rollout. Remote work, the ESG startup Omnevue securing $3 million in funding, Xero's third price increase in two years and Intuit's response, and more round out the show!SponsorsLiveFlow - https://cloudaccountingpodcast.promo/liveflowAccountests - https://cloudaccountingpodcast.promo/accountestsClient Hub - https://cloudaccountingpodcast.promo/clienthubChapters(00:00) - PREVIEW: Lack of audits is hurting the accounting profession (01:07) - Welcome to The Accounting Podcast (02:39) - Listener mail: Audits are just checking a box (06:56) - Listener mail: David asks for alternatives to tracking hours (14:39) - Listener mail: Courtney asks if they should pursue a CPA or EA (25:04) - Listener mail: William asks how new accountants should approach their starting salary at firms (28:14) - Is QBO starting to integrate AI into Mailchimp? (30:37) - FedNow is launching in July (35:50) - The ROI of IRS audits (46:41) - UK's Making Tax Digital rollout is struggling (52:10) - Latest on remote work (55:41) - ESG startup Omnevue secures $3 million in funding (58:41) - Xero announces third price increase in two years and Intuit's response (01:00:19) - Some final thoughts and where to reach David and Blake Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesHow much did Congress lose by defunding the IRS? Way more than we thought.https://www.washingtonpost.com/opinions/interactive/2023/irs-enforcement-costs-congress-funding/ Elon Musk Calls Remote Work Morally Wrong 'Bullshit'    https://www.businessinsider.com/elon-musk-remote-work-morally-wrong-get-off-high-horse-2023-5 ESG accounting startup Omnevue secures $3.1 million in Seed fundinghttps://www.finextra.com/pressarticle/97225/esg-accounting-startup-omnevue-secures-31-million-in-seed-funding Credit Unions Gear Up to Build Instant Payments Ecosystems as FedNow Loomshttps://www.pymnts.com/credit-unions/2023/credit-unions-prepare-build-instant-payments-ecosystems-fednow-looms/ FedNow’s Rollout Will Spur ‘Major Shift’ for Businesses and Digital Wallets, Says Trustlyhttps://www.pymnts.com/news/faster-payments/2023/fednows-rollout-will-spur-major-shift-for-businesses-and-digital-wallets-says-trustly/ Fintech ForwardAI, An Aggregated Direct Data Access Provider To Accounting And ERP Platforms, Launcheshttps://www.crowdfundinsider.com/2023/06/208515-fintech-forwardai-an-aggregated-direct-data-access-provider-to-accounting-and-erp-platforms-launches-forwardly/ Rethinking the CPA 150-hour requirement: There must be a changehttps://www.firmofthefuture.com/training-and-certification/rethinking-150-hour-requirement/ Government execution of MTD ‘out of control’ as costs spiralhttps://www.accountancyage.com/2023/06/16/government-execution-of-mtd-out-of-control-as-costs-spiral/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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/Future Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/FinDaily - https://findaily.io/ Benchmark Growth - https://marketingforaccountingfirms.com/mastermind/ Forwardly - https://www.forwardly.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or t...

Welcome to the new era of "The Accounting Podcast," formerly known as "The Cloud Accounting Podcast." Why the name change? This show was born out of a passion for technology's role in accounting, and over the last five years, as cloud-based tools became the norm, we broadened our scope to cover a wide range of topics. We're now delving into everything from PPP and the talent crisis to artificial intelligence, fraud, the business models of accounting firms, the IRS, politics, and much more. Our aim is to provide the best audio-based news and analysis in the accounting profession.Celebrating an incredible milestone of 1 million downloads, we extend our heartfelt thanks to all our listeners and guests who have supported us over the years. As we step into this exciting new phase, we encourage you to engage with us - whether you're a longtime listener or just tuning in. Please send us your feedback, story ideas, or even a voicemail that we might play on the air at cloudaccountingpodcast@earmarkcpe.com.Remember, you can earn free CPE for listening with the Earmark app. Visit earmarkcpe.com for more information. We're thrilled to have you on this journey with us, and we look forward to bringing you quality content for many more years to come! Enjoy the show.Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let The Cloud Accounting Podcast listeners know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

We're back from the AICPA Engage conference sharing takeaways. Also, we're talking about all the latest generative AI developments in accounting, plus the recent PwC scandal in Australia.SponsorsLiveFlow - https://cloudaccountingpodcast.promo/liveflowZoho - https://cloudaccountingpodcast.promo/zoho Helcim - https://cloudaccountingpodcast.promo/helcimChapters(00:00) - PREVIEW: The PwC scandal (00:46) - Blake and David are back from AICPA Engage (02:08) - Blake shares his mom's tax return horror story (10:13) - Thoughts on the AICPA's 100th Town Hall podcast episode (16:10) - How can AICPA grow Engage to be an even bigger event (21:03) - It was great to see everyone at AICPA Engage (27:11) - Advanced Auto Parts misses 10-Q deadline because they couldn't staff position (30:37) - Accounting firms are getting sued for improper ERC returns (35:31) - Checking in on the live chat (37:31) - Intuit's AI announcement (43:33) - CPA.com announces their own generative AI initiative (44:50) - Spreadsheet company Equals launches AI Assist (45:29) - ChatGPT makes up court cases in federal briefing (47:59) - Ikea buys warehouse management SaaS company (48:58) - Google DeepMind can create its own algorithms (51:23) - Crypto scams are 5x more costly than other cyber crimes (52:09) - Let's talk about PwC Australia (01:01:25) - Wrap up and where to reach Blake and David Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesGoogle DeepMind’s game-playing AI just found another way to make code faster | MIT Technology Review              https://www.technologyreview.com/2023/06/07/1074184/google-deepmind-game-ai-alphadev-algorithm-code-faster/ Crypto scams five times as costly as other cybercrimes says study | Accounting Todayhttps://www.accountingtoday.com/news/crypto-scams-five-times-as-costly-as-other-cybercrimes-says-study A Man Sued Avianca Airline. His Lawyer Used ChatGPT. - The New York Timeshttps://www.nytimes.com/2023/05/27/nyregion/avianca-airline-lawsuit-chatgpt.html?smid=nytcore-ios-share&referringSource=articleShareEquals Launches the First Native AI Assistant for Spreadsheetshttps://www.newswire.com/news/equals-launches-the-first-native-ai-assistant-for-spreadsheets-22045667 Intuit introduces proprietary large language models for fintech with GenOShttps://cointelegraph.com/news/intuit-introduces-proprietary-large-language-models-for-fintech-with-genos Intuit (INTU) Introduces Generative AI Operating Systemhttps://www.zacks.com/stock/news/2105195/intuit-intu-introduces-generative-ai-operating-system?cid=CS-ZC-FT-analyst_blog|company_news_tech_sector-2105195 Intuit Unveils Generative AI Operating System and Finance LLMs for TurboTax, Credit Karma, QuickBooks, and Mailchimp Developers    https://voicebot.ai/2023/06/07/intuit-unveils-generative-ai-operating-system-and-finance-llms-for-turbotax-credit-karma-quickbooks-and-mailchimp-developers/ Intuit Introduces Generative AI Operating System with Custom Trained Financial Large Language Modelshttps://financialpost.com/pmn/business-wire-news-releases-pmn/intuit-introduces-generative-ai-operating-system-with-custom-trained-financial-large-language-models Intuit Launches GenOS: AI Operating System for Financial Datahttps://medium.com/@cryptomarket06/intuit-launches-genos-ai-operating-system-for-financial-data-6bf8f161ef3a IKEA Parent Ingka Acquires Supply Chain Software Solutions Provider Made4nethttps://www.pymnts.com/news/retail/2023/ikea-parent-ingka-acquires-supply-chain-software-solutions-provider-made4net/ Landscaping Business Sues Accounting Firm Over Alleged COVID ...https://www.law.com/dailyreportonline/2023/05/30/landscaping-business-sues-accounting-firm-over-alleged-covid-19-scheme/ Intuit Expert BrandVoice: How Intuit Is Leveraging AI To Catapult The Role Of Tax And Bookkeeping Experts To Deliver Confidence Inspiring Customer Experiences           https://www.forbes.com/sites/intuit-expert/2023/05/23/how-intuit-is-leveraging-ai-to-catapult-the-role-of-tax-and-bookkeeping-experts-to-deliver-confidence-inspiring-customer-experiences/  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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIA...

David is a lifelong programmer who founded Expensify in 2008 and built it into the most popular "pre-accounting" platform on the planet. Hear David's vision for the New Expensify, in which every payment is a conversation.Meet Our Guest:David Barrett, CEO of Expensifyhttps://www.linkedin.com/in/davidmbarrett/Learn more about Expensifyhttp://expensify.comNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Why AICPA's 12-point plan won't solve the CPA crisis; Earnings reports from Intuit, Sage, and Xero; Ramp adds AI features to spend management platform; why grads are ditching jobs at the Big Four; 70% of Gen Z employees would switch jobs for better tech, and more!SponsorsLiveFlow - https://cloudaccountingpodcast.promo/liveflowTech Guru - https://cloudaccountingpodcast.promo/techguruClient Hub - https://cloudaccountingpodcast.promo/clienthubChapters(00:00) - IRS Loses $10 Billion In Debt Ceiling Deal & Proof ChatGPT Massively Increases Productivity (00:52) - Welcome to the show (04:52) - Potential debt-ceiling deal cuts IRS funding by $10 billion (07:38) - Chat GPT made workers 37% faster at completing tasks (11:44) - Accounting Today has ChatGPT retake the CPA exam (16:36) - Number of people taking accountancy exams drops to lowest level in 17 years (19:23) - WSJ article on the accounting industry’s low starting pay problem (23:35) - The AICPA's 12-point plan to solve the accountant shortage (35:13) - Thetab.com article on why grads are ditching jobs at Big Four firms (38:13) - Update on the IRS's Free File tax system (41:18) - Let's talk about the Intuit earnings call (46:38) - Sage had their earnings call (48:43) - Ramp announces "Ramp Intelligence" (53:31) - Employee satisfaction reached an all-time high last year (55:33) - Gen Z employees would change jobs for better tech (01:01:34) - Wrap up and where to reach us. See you at AICPA Engage! Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesNew MIT Research Shows Spectacular Increase In White Collar Productivity From ChatGPT – JOSH BERSINhttps://joshbersin.com/2023/03/new-mit-research-shows-spectacular-increase-in-white-collar-productivity-from-chatgpt/ ChatGPT retakes CPA Exam as v4.0, passes | Accounting Todayhttps://www.accountingtoday.com/news/chatgpt-retakes-cpa-exam-as-v4-0-passes AICPA Council approves CPA pipeline plan | Accounting Todayhttps://www.accountingtoday.com/news/aicpa-council-approves-cpa-pipeline-plan 70% of Gen Z Employees Say They Would Switch Jobs for Better Tech: Weekly Stathttps://www.cfo.com/human-capital/workforce-management/2023/05/gen-z-gen-x-baby-boomer-millennials-technology-work-environments-productivity-work-life-balance/ AICPA details plans to boost CPA pipeline | Accounting Todayhttps://www.accountingtoday.com/news/aicpa-details-plans-to-boost-cpa-pipeline Overworked and underpaid: Why grads are ditching jobs at the Big Fourhttps://thetab.com/uk/2023/05/10/big-four-grad-scheme-whats-it-like-306634 The Future of AI in Finance is Here | Ramp Intelligencehttps://ramp.com/intelligence Numbers taking US accountancy exams drop to lowest level in 17 years | Financial Timeshttps://www.ft.com/content/e8dc2264-6b8d-4ed5-8bbd-e4a67e7d1e46 Avii Announces Significant Uplifts to Financial Modules In Avii ...https://www.businesswire.com/news/home/20230508005420/en/Avii-Announces-Significant-Uplifts-to-Financial-Modules-In-Avii-WorkspaceTM-Platform-for-Accounting-Firms Overworked and underpaid: Why grads are ditching jobs at the Big Fourhttps://thetab.com/uk/2023/05/10/big-four-grad-scheme-whats-it-like-306634 Sage Intact Launches Native AP Bill Automation to Cut Down on ...https://www.digitaljournal.com/pr/news/pr-zen/sage-intact-launches-native-ap-bill-automation-to-cut-down-on-invoice-processing-time Intuit Inc. (INTU) Q3 2023 Earnings Call Transcript              https://seekingalpha.com/article/4606883-intuit-inc-intu-q3-2023-earnings-call-transcript Intuit (INTU) Reports Q3 Earnings: What Key Metrics Have to Sayhttps://www.zacks.com/stock/news/2098768/intuit-intu-reports-q3-earnings-what-key-metrics-have-to-say ChatGPT retakes CPA Exam as v4.0, passes            https://www.accountingtoday.com/news/chatgpt-retakes-cpa-exam-as-v4-0-passes Xero reports 28% year-over-year growth https://www.accountingtoday.com/news/xero-reports-28-year-over-year-growth Pentagon Says Accounting Mistake Leaves U.S. With $3 Billion ...https://www.wsj.com/articles/accounting-error-leaves-pentagon-with-3-billion-more-in-arms-for-ukraine-u-s-says-6d6f4576 AICPA details plans to boost the CPA pipeline                https://www.accountingtoday.com/news/aicpa-details-plans-to-boost-cpa-pipeline AICPA releases expanded plan for addressing CPA pipeline ...https://www.journalofaccountancy.com/news/2023/may/aicpa-releases-expanded-plan-addressing-cpa-pipeline-challenges.html IRS to pilot free tax prep system in January

We're joined by Ashley the CPA (@seattle_tax) to talk about artificial intelligence coming soon to Microsoft products plus all the news you can use at the intersection of accounting and technology.SponsorsShareFile - https://cloudaccountingpodcast.promo/sharefileTech Guru - https://cloudaccountingpodcast.promo/techguruHelcim - https://cloudaccountingpodcast.promo/helcimChapters(00:00) - ChatGPT is only the beginning (01:23) - Introduction and welcome Ashley to the show (03:12) - Microsoft Copilot updates (09:08) - A new Microsoft Teams is coming (11:11) - Report from Microsoft says meetings are the #1 productivity killer (16:26) - A very small percentage of accountants are using these tools (20:57) - How is consistency with AI? (23:09) - Personalized training for these AI's (33:56) - ChatGPT ads plugins (37:28) - TurboTax is adding AI (42:26) - Why should you learn AI now? (48:23) - Tell us about your newsletter Ashley (58:18) - Blake asks ChatGPT to book him a flight (01:01:52) - Wrap up and where to reach us Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesMicrosoft Crunches Some Data to Find Out Teams is the Biggest Productivity Killer at Workhttps://www.goingconcern.com/microsoft-crunches-some-data-to-find-out-teams-is-the-biggest-productivity-killer-at-work/ The No. 1 workplace distraction that kills productivity, according to Microsofthttps://www.cnbc.com/2023/05/09/the-no-1-workplace-distraction-that-kills-productivity-according-to-microsoft.html Meet our Guest, Ashley Francis, CPALinkedIn: https://www.linkedin.com/in/ashley-francis-0115073/Website: https://kitchentableautomations.substack.com/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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/Future Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/FinDaily - https://findaily.io/ Benchmark Growth - https://marketingforaccountingfirms.com/mastermind/ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

We're back from ExpensiCon in Italy with thoughts on Expensify's future and the future of spend management; a report from Kristen Keats at Accounting Today's Firm Growth Forum conference; ChatGPT coming soon to a Wendy's drive-thru near you!SponsorsCCH Access - https://cloudaccountingpodcast.promo/axcessSuiteFiles - https://cloudaccountingpodcast.promo/suitefilesClient Hub - https://cloudaccountingpodcast.promo/clienthubChapters(00:25) - Every Payment Is A Conversation (01:11) - Blake and David are back from Italy (05:01) - Let’s talk about ExpensiCon (10:09) - The original Expensify and ExpensiCon (12:36) - The new Expensify they're building (18:12) - Expensify is adding great tech support (25:14) - The future of Expensify (30:13) - How much do we think this event cost and playing the long game (41:24) - Some general observations on Italy (49:04) - Kristen Keats checks in from Accounting Today's conference (56:34) - Let's hear some listener reviews of CAP (57:16) - Is AI encouraging or discouraging for accountants and jobs? (01:01:45) - Wendy's Fresh AI (01:04:13) - ChatGPT 4 passes CPA exam (01:05:36) - Wrap up and where to reach us Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesExpensify Launches Transactional Chat for Accountants - Business Wirehttps://stocks.apple.com/ATL9AZYOSSKO_4jLMtB30pA Wendy’s to Launch AI-Powered Drive-Thru Service             https://smallbiztrends.com/2023/05/ai-drive-thru-wendys-google-cloud.html What if AI could rebuild the middle class? : Planet Money : NPRhttps://www.npr.org/sections/money/2023/05/09/1174933574/what-if-ai-could-rebuild-the-middle-classGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/Future Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/FinDaily - https://findaily.io/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Accounting Today said ChatGPT failed the CPA Exam — here's why that's misleading; a WSJ reporter clones herself with AI and tricks her bank and family; TurboTax tops the TV ads for tax year 2022; Audit firms remove partners who fault clients' internal controls; 80 percent of BDO Alliance partners vote to eliminate or modify the 150-hour ruleSponsorsShareFile - https://cloudaccountingpodcast.promo/sharefileCCH Axcess - https://cloudaccountingpodcast.promo/axcessSuiteFiles - https://cloudaccountingpodcast.promo/suitefilesChapters(00:00) - ChatGPT Was Set Up To Fail The CPA Exam (00:30) - Does the accounting profession give your life meaning? (01:00) - Welcome to the show, David is on the road this week (04:49) - Accounting Today says ChatGPT completely failed CPA exam (07:48) - Blake ran some of his own tests with GPT-4 and takeaways people should get from this article (13:23) - WSJ article on the potential of AI and fraud (15:09) - Blake plays clips of Joanna's voice cloned compared to her actual voice (18:28) - TechCrunch article on Intuit's AI journey (23:35) - Accounting Today article on firms removing audit partners from engagements where they found internal control problems (28:41) - Accounting Today: PCAOB turns up the heat on auditing firms (32:20) - Three failed banks all had KPMG in common (38:26) - Which brands spent the most money on ads around tax day 2023? (41:30) - TurboTax starts sending out checks as part of "free free free" settlement (42:58) - Listener email about the 150 hour rule and underpaid CPAs (46:57) - BDO Alliance poll results on the 150 hour requirement (50:29) - Blake buys MedEvac insurance for the first time (53:09) - Some quick app news roundup (58:33) - Wrap up and where to reach us Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesKPMG pens deal with MindBridge to apply AI to digital audits | Accounting Todayhttps://www.accountingtoday.com/news/kpmg-pens-deal-with-mindbridge-to-apply-ai-to-digital-audits We ran the CPA exam through ChatGPT and it failed miserably | Accounting Todayhttps://www.accountingtoday.com/news/we-ran-the-cpa-exam-through-chatgpt-and-it-failed-miserably I Cloned Myself With AI. She Fooled My Bank and My Family.        https://www.wsj.com/articles/i-cloned-myself-with-ai-she-fooled-my-bank-and-my-family-356bd1a3 Audit firms remove partners who fault clients' internal controls | Accounting Todayhttps://www.accountingtoday.com/news/audit-firms-remove-partners-who-fault-clients-internal-controls BDO Alliance poll of managing partners on 150-hour rulehttps://twitter.com/BlakeTOliver/status/1654553693830914048 TurboTax customers to receive checks for $141M settlement        https://apnews.com/article/turbotax-inuit-settlement-checks-mail-0c01cf25aa34693163886d135f7a6560Accounting automation developer Gappify scores $10mhttps://fintech.global/2023/05/02/accounting-automation-developer-gappify-scores-10m/             Intuit’s shifthttps://techcrunch.com/2023/04/27/intuit-ai-shift/ Hundreds Of Tax Prep Services Hit The Airwaves Before April https://www.insideradio.com/free/hundreds-of-tax-prep-services-hit-the-airwaves-before-april-18/article_b59beb46-e5a2-11ed-a08f-d7b730e240b8.html We had ChatGPT take the CPA exam — and it failed           https://www.accountingtoday.com/news/we-ran-the-cpa-exam-through-chatgpt-and-it-failed-miserably ChatGPT Just Failed This Accounting Examhttps://www.digitalinformationworld.com/2023/04/chatgpt-just-failed-this-accounting-exam.html Accounting clerk created original art on billing statements to help a patient healhttps://www.cbsnews.com/video/accounting-clerk-created-original-art-on-billing-statements-to-help-a-patient-heal/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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: ht...

Matt Rissell of TSheets dead in apparent murder-suicide; a review of the AI features you can use right now in Client Hub, Canopy, Karbon, Financial Cents and... Sturppy?; This week's guest: Giles Pearson, CEO of AccountestsSponsorsOnPay - https://cloudaccountingpodcast.promo/onpayRelay - https://cloudaccountingpodcast.promo/relayTech Guru - https://cloudaccountingpodcast.promo/techguruChapters(00:00) - Have your AI contact my AI (00:21) - Introduction and thoughts on the horrible news of Matt Rissell
 (06:18) - Some of the history of TSheets
 (12:36) - Practical application of Chat GPT and AI
 (20:10) - Giles was a partner at PwC
 (25:46) - Blake check on the live chat discussion (00:50) - David has used ChatGPT to create and organize his calendar appointments
 (30:43) - Let's look at Client Hub using their AI integration to help create tasks
 (35:09) - Lets see how Canopy can help you draft emails
 (37:51) - What Karbon has done with email
 (44:48) - Is Giles using AI for anything?
 (45:42) - Financial Sense integrates with ChatGPT
 (47:52) - Expensify's genius AI blog post
 (49:40) - Sturppy's AI virtual CFO (00:30) - Wrap up and where to reach everyone
 (57:07) - Congressional letter written about AI to create tax scams
 (58:56) - Where to learn more about Accountest and follow Giles Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesKarbon AI | Karbon         https://karbonhq.com/feature/ai/ Founder of TSheets Dies in Self-Inflicted Shootinghttps://www.cpapracticeadvisor.com/2023/05/04/founder-of-tsheets-dies-in-self-inflicted-shooting/79360/ Senators want IRS to stop AI-generated tax scamshttps://www.accountingtoday.com/news/senators-want-irs-to-stop-chatgpt-generated-ai-tax-scams “What is the Best Expense Management App?” according to ChatGPT?https://blog.expensify.com/2023/05/02/what-is-the-best-expense-management-app-according-to-chatgpt/ TSheets founder Rissell dead after what police call attempted murder/suicide in Eagle homehttps://boisedev.com/news/2023/05/04/matt-rissell-dead/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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/Future Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/FinDaily - https://findaily.io/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

In this episode, Pat White and Rafael Casas interview Mackenzie Patel, CEO of Hash Basis, a crypto-native accounting firm based in San Francisco. Mackenzie shares her accounting background and how she got into crypto accounting. They also discuss the challenges of revenue accounting in crypto and the emerging trend of specialized crypto accounting.Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE for listening to this episode.Checkout the Bitwave channel on Earmark to get even more CPEChapters(00:00) - Preview: What does Hash Basis do? (00:50) - Introduction and welcome Mackenzie to the show (02:04) - A little bit of Mackenzie's background (04:24) - Did you instantly love accounting? (10:39) - What did you do after college? (11:47) - What does revenue accounting look like in crypto? (13:58) - Are you seeing more accountants who specialize in crypto accounting? (18:32) - How did you get into crypto specifically? (20:40) - Can you walk us through some fundamentals of crypto accounting? (28:31) - What is streaming payroll and payments? (31:53) - What resources do you do to stay up to date on crypto and crypto accounting? (34:51) - FASB guidance has come out (35:31) - What do you think about wrapped tokens now being counted as impaired? (42:08) - Tell us about your new company, Hash Basis (44:14) - Mackenzie will be speaking at EDAS (46:13) - Thanks for listening and please subscribe for new episodes Connect with our guest, Mackenzie Patellinkedin.com/in/mackenziepatel/twitter.com/maccbasisConnect with Patlinkedin.com/in/patwhitetwitter.com/patwhiteConnect with Rafaellinkedin.com/in/rafaelcasastwitter.com/RafaelCasasBWFollow the Crypto With Accountants Podcastfacebook.com/CryptoAcctsPodtwitter.com/CryptoAcctsPodlinkedin.com/showcase/cryptoacctspodLeave a review on Apple Podcasts or PodchaserSubscribe to the Crypto With Accountants Podcast in your favorite podcast app!This podcast is a production of the Earmark Media

Raising prices is a priority; NASBA extends time to complete CPA exam; Canopy now writes emails with AI; PwC to invest $1 billion in AI; staff not allowed to go to conferencesSponsorsCCH Axcess - https://cloudaccountingpodcast.promo/axcessZoho - https://cloudaccountingpodcast.promo/zohoKeeper - https://cloudaccountingpodcast.promo/keeperChapters(00:05) - Preview: Accounting is in a bad place (02:58) - We launched the Federal Tax Updates Podcast with Padgett and welcome to our guests (07:27) - Amanda, why was this tax season harder than last? (09:13) - Tell us more about the Padgett REtreat (10:41) - What are some ways to think about raising your prices? (13:44) - The accounting shortage is affecting cities getting credit scores (22:36) - NASBA extends the time to take the CPA exam to 30 months (24:48) - AI and its future in accounting (27:09) - Canopy integrates ChatGPT into their suite (29:09) - PWC to invest $1 billion over the next 3 years in AI (33:10) - How long do you think until smaller and midsize firms will be using AI (35:14) - Lili Bank promises one-button accounting (46:17) - Listener mail about staff not being given chances to go to conferences (49:02) - Are accounting students set up only for the benefit of the Big 4 firms? (53:16) - Wrap up and thanks for listening Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesChatGPT Fails When It Comes to Accounting, Finds Major Studyhttps://www.latestly.com/technology/chatgpt-fails-when-it-comes-to-accounting-finds-major-study-5078092.htmlKPMG Joins MindBridge in Global Launch of AI-Assisted Audit Techhttps://news.bloombergtax.com/financial-accounting/kpmg-joins-mindbridge-in-global-launch-of-ai-assisted-audit-techWhat Microsoft’s Dynamics GP Announcement Means for the User Communityhttps://dynamicscommunities.com/ug/dynamics-gp-ug/what-microsofts-dynamics-gp-announcement-means-for-the-user-community/ ChatGPT is still no match for humans when it comes to accounting             https://phys.org/news/2023-04-chatgpt-humans-accounting.html Lili Claims Super App Status With New Accounting Platformhttps://www.pymnts.com/smbs/2023/lili-claims-super-app-status-with-new-accounting-platform/ Leading Financial Platform, Lili, Launches 'Lili Smart' to Integrate ...https://www.businesswire.com/news/home/20230418005500/en/Leading-Financial-Platform-Lili-Launches-%E2%80%98Lili-Smart%E2%80%99-to-Integrate-and-Consolidate-Accounting-Services-into-Small-Business-Banking KPMG signs AI deal to improve audit transparency            https://www.accountancydaily.co/kpmg-signs-ai-deal-improve-audit-transparency NASBA extends time to complete the CPA exam to 30 monthshttps://www.accountingtoday.com/news/nasba-extends-time-to-complete-the-cpa-exam-to-30-months Accounting Bachelors Degree Requirements: What You Need to Knowhttps://seaver.pepperdine.edu/blog/posts/accounting-bachelors-degree-requirements-what-you-need-to-know.htm ChatGPT: How AI will change law, finance, accounting and property ...       https://www.afr.com/work-and-careers/workplace/how-chatgpt-will-change-these-four-industries-20230328-p5cvzx Canopy Launches ChatGPT AI in Accounting Practice Management Softwarehttps://www.einnews.com/pr_news/629260399/canopy-launches-chatgpt-ai-in-accounting-practice-management-software Accountant shortage hurts city credit scores         https://fortune.com/2023/04/21/accountant-shortage-affecting-city-credit-scores/ Technology News | ⚡Study Finds ChatGPT No Match for Human When It Comes to Accountinghttps://www.latestly.com/quickly/technology/study-finds-chatgpt-no-match-for-human-when-it-comes-to-accounting-5078092.html PwC Stakes $1 Billion on AI Investments in Tax, Consulting Workhttps://news.bloombergtax.com/financial-accounting/pwc-us-partners-with-microsoft-in-1-billion-ai-investmentGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.com...

FTX had 80,000 transactions in Ask My Accountant; the crazy cost accounting behind EY's failed breakup; using ChatGPT for financial statement analysis; what the tech world thinks AI will automate in accounting and more!SponsorsLiveFlow - https://cloudaccountingpodcast.promo/liveflowChapters(00:00) - CAP 329 (00:39) - PREVIEW: How ChatGPT saved Erica (01:09) - Introduction (07:48) - FTX had 80,000 transactions in Ask My Accountant (12:04) - Blake plays a clip from the All-In podcast on AI accounting (17:25) - ChatGPT vs real accountants and students on tests (25:48) - Hector Garcia's example of using ChatGPT for analysing financial statements (31:24) - Is Erica using ChatGPT at all in her firm? (36:18) - EY breakup news (42:13) - Donna's voicemail on her sons college tour and accounting majors (48:18) - Deloitte kicks off program for high school students to earn accounting credits (49:29) - Can AI help save education? (52:48) - The IRS shows customer service improvements in 2023 (54:22) - Are accountants actually experiencing a better tax season? (01:01:49) - Crazy MYOB commercial (01:03:41) - Wrap up and where to reach everyone Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesBlake Oliver on Twitter: "My speaking session was selected for #Expensicon”https://twitter.com/BlakeTOliver/status/1649440639355097088 SURVEY: Busy Season Looking Good - CPA Trendlines         https://cpatrendlines.com/2023/04/10/survey-busy-season-looking-good/ EY Confronts Slowing Growth After Breakup Deal Fails - WSJ          https://www.wsj.com/articles/ey-confronts-slowing-growth-after-breakup-deal-fails-9442c85d Magic Workflow: AI-Powered Workflow and Process Generator   https://clienthub.app/blog/new-feature-magic-workflowai-powered-workflow-and-process-generator/ Ernst & Young has axed its plan for a split of its auditing and consulting arms, marking a dramatic and costly retreat                https://www.wsj.com/articles/ernst-young-halts-breakup-plan-bd2e2fa0Is that the IRS with your refund? No, it's a ChatGPT scamhttps://www.politico.com/newsletters/weekly-tax/2023/04/17/is-that-the-irs-with-your-refund-no-its-a-chatgpt-scam-00092169 Taylor Swift avoided $100 million FTX deal with securities question: lawyer https://www.businessinsider.com/taylor-swift-avoided-100-million-ftx-deal-with-securities-question-2023-4 ChatGPT less than 50% accurate in accounting exams, study finds https://www.accountancyage.com/2023/04/21/chatgpt-less-than-50-accurate-in-accounting-exams-study-finds/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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/RightTool for QuickBooks Online - https://righttool.appFuture Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

The M-Score is warning that the chance of fraud is the highest in over 40 years; Did KPMG fail to issue a critical audit matter for Silicon Valley Bank?; The spreadsheet apocalypse, revisited; Former startup founder charged by prosecutors for defrauding JPMorgan Chase; EY split fails; watch out for AI voice cloning scams; and more!SponsorsShareFile - https://cloudaccountingpodcast.promo/sharefileRelay - https://cloudaccountingpodcast.promo/relayClient Hub - https://cloudaccountingpodcast.promo/clienthubChapters(00:00) - Preview: Incentives to allow fraudulent users (01:17) - Introduction and welcome to the show (04:16) - WSJ reports fraud indicator "M" score is up (10:30) - Should KPMG have issued a critical audit matter for SVB? (17:51) - EY no longer to split off auditing (20:14) - JPMorgan defrauded for $175 million by startup founder (25:00) - CPA in Bakersfield stole $355,000 from investors (26:10) - Block accused of allowing fake accounts to boost their user growth numbers (29:27) - Square is changing their refund policy to not refund processing fees (30:42) - A few new Intuit announcements (33:45) - Security risks with AI and voice cloning is happening in real life (37:32) - Microsoft Loop (42:13) - Nicholas asks for recs for CPAs who want to start their own small firm (48:29) - Michael's email about barriers to CPA (50:01) - Corey from Minnesota CPA Society shares message and website with resources (51:06) - Will AI attract or detract more people to the accounting profession? (59:29) - Blake co-wrote an article for CPA Practice Advisor (01:04:10) - Wrap up and where to reach us Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesIntuit QuickBooks Launches Rest-of-World App Store - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/04/11/intuit-quickbooks-launches-rest-of-world-app-store/78582/ EY’s leaders missed a brewing revolt at the firm’s biggest operation. Soon, their deal was scuttledhttps://www.wsj.com/articles/ey-breakup-plan-doomed-by-miscalculations-and-powerful-opponents-61b7e02d ‘I’ve got your daughter’: Scottsdale mom warns of close call with AI voice cloning scamhttps://www.azfamily.com/2023/04/10/ive-got-your-daughter-scottsdale-mom-warns-close-encounter-with-ai-voice-cloning-scam/ Bond losses such as those at Silicon Valley Bank could have been raised as “critical audit matters”—a measure designed to help investors decode risks and uncertainties buried in financial statementshttps://www.wsj.com/articles/auditors-didnt-flag-risks-building-up-in-banks-6506585c Former Start-Up Founder Charged by Prosecutors for Defrauding JPMorgan Chasehttps://www.nytimes.com/2023/04/04/business/charlie-javice-jpmorgan-fraud.html The Spreadsheet Apocalypse, Revisited [Chart]https://twitter.com/johnnosta/status/1641586085640695810?s=12 The M-Score is warning that the chance of fraud at major companies is the highest in over 40 years, writes Numbers columnist @JoshZumbrunhttps://www.wsj.com/articles/accounting-fraud-indicator-signals-coming-economic-trouble-506568a0 New Microsoft Loop app is built for co-creation | Microsoft 365 Bloghttps://www.microsoft.com/en-us/microsoft-365/blog/2023/03/22/new-microsoft-loop-app-is-built-for-modern-co-creation/ Shares of the payments company formerly known as Square fell more than 20% in early trading Thursday after a short seller questioned the company’s user numbers and accused it of predatory tacticshttps://www.wsj.com/articles/short-seller-hindenburg-says-jack-dorseys-payments-company-inflates-user-numbers-f3216466 Startup CEO charged in $175 million fraud case        https://abcnews.go.com/Business/startup-ceo-charged-175-million-fraud-case/story?id=98363900 Our Obsession with Hours Is Destroying the Accounting Professionhttps://www.cpapracticeadvisor.com/2023/04/12/our-obsession-with-hours-is-destroying-the-accounting-profession/78643/ Accounting firm EY calls off 'Project Everest' to break up firmhttps://www.bbc.com/news/65247525 Intuit QuickBooks Launches Rest-of-World App Storehttps://www.cpapracticeadvisor.com/2023/04/11/intuit-quickbooks-launches-rest-of-world-app-store/78582/ Intuit Mailchimp Launches Email Content Generatorhttps://www.destinationcrm.com/Articles/ReadArticle.aspx?ArticleID=158086 Mailchimp’s new GPT-powered AI tool can write marketing emailshttps://www.fastcompany.com/90877547/mailchimp-gpt-powered-tool-can-write-marketing-emailsGet 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,

We’re joined by Heidi Henderson, EVP at Engineered Tax Services, for our weekly roundup of news at the intersection of accounting and technology. Topics include: How the IRS plans to spend $80 billion over the next 10 years; the top five TikTok tax myths; security issues with AI chatbots; CLA voices support for MNCPA’s 150-hour alternative; why revenue is up 20% in the top 100 firms, and more!SponsorsZoho - https://cloudaccountingpodcast.promo/zohoLiveFlow - https://cloudaccountingpodcast.promo/liveflowClient Hub - https://cloudaccountingpodcast.promo/clienthubChapters(00:00) - CAP 327 (00:24) - PREVIEW: Breast implants are a tax write off? (01:08) - Welcome Heidi Henderson to the show and some background (06:36) - How did you get into tax credits? (08:32) - Heidi's take on ERC mills (11:56) - How will the IRS spend their $80 billion? (13:59) - Breakdown on how the IRS plans to spend that money (24:01) - Tax advice from TikTok (34:39) - What is the accounting pro's role in advising a client on taxes (37:47) - Accounting Today's April Fools Day post (39:40) - Minnestoa CPA Society gets a big supporter in CLA on the 150 rule (45:39) - Should we move the tax deadlines? (49:56) - SBF student fund for improving humanity has run dry (51:06) - Revenue for the top 100 firms was up almost 20% (54:54) - What impact will AI make on accounting? (01:01:11) - What are the potential risks of AI for accountants (01:05:38) - Wrap up and where to reach everyone Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesThe accounting pipeline: 'Above all, try something'https://www.accountingtoday.com/opinion/the-accounting-pipeline-above-all-try-something ChatGPT Took Our CPA Public Accounting Test – Accountests Australiahttps://www.au.accountests.com/blogs/news/chatgpt-took-our-cpa-public-accounting-test The IRS reveals how it will spend its $80B               https://www.accountingtoday.com/news/the-irs-reveals-how-it-will-spend-its-80b GPT Predicts Which Jobs the AI will replacehttps://www.reddit.com/r/Futurology/comments/128xl05/gpt_predicts_which_jobs_the_ai_will_replace/ CLA backs changes in 150-hour CPA requirement              https://www.accountingtoday.com/news/cla-backs-changes-in-150-hour-cpa-requirement File your taxes in 10 minutes? TurboTax says it’s possible with AI-powered ‘express lanes’https://www.fastcompany.com/90875480/turbotax-irs-ai-file-taxes-phone-fast-lane Collapse of FTX deprives academics of grants, stokes fears of forced repaymenthttps://www.reuters.com/technology/collapse-ftx-deprives-academics-grants-stokes-fears-forced-repayment-2023-04-06/ The Problem With the IRS Vow to Avoid Stepping Up Audits of Earners Under $400,000https://www.wsj.com/articles/the-problem-with-the-irs-vow-to-avoid-stepping-up-audits-of-earners-under-400-000-6ffa5185 Healthy Wealthy & Wise Accountants     https://healthywealthywise.show/5 Three ways AI chatbots are a security disaster  | MIT Technology Reviewhttps://www.technologyreview.com/2023/04/03/1070893/three-ways-ai-chatbots-are-a-security-disaster/ Accounting firm sets retirement age at 85 to avert staffing crisis | Accounting Todayhttps://www.accountingtoday.com/opinion/accounting-firm-sets-retirement-age-at-85-to-avert-staffing-crisis CLA backs changes in 150-hour CPA requirement | Accounting Todayhttps://www.accountingtoday.com/news/cla-backs-changes-in-150-hour-cpa-requirement The IRS reveals how it will spend its $80B | Accounting Todayhttps://www.accountingtoday.com/news/the-irs-reveals-how-it-will-spend-its-80b ChatGPT Took Our CPA Public Accounting Test – Accountests Australiahttps://www.au.accountests.com/blogs/news/chatgpt-took-our-cpa-public-accounting-testConnect with Heidi HendersonWebsite: http://engineeredtaxservices.comLinkedIn: https://www.linkedin.com/in/heidihendersonets/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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store:

Using ChatGPT to audit; accounting salaries on the rise; misclassification of expenses at heart of Trump indictment; church sued for forcing employees to tithe; here's what you can do to help the accountant shortage; a dating sim that does your taxes; half of U.S. workers earn money from a side gig; CEOs quietly backtracking on remote work; where all the SVB depositor money wentSponsorsOnPay - https://cloudaccountingpodcast.promo/onpayZoho - https://cloudaccountingpodcast.promo/zohoKeeper - https://cloudaccountingpodcast.promo/keeperChapters(00:00) - CAP 326 (00:23) - Preview: Where does hush money go on the GL? (00:57) - Welcome Adrienne to the show (03:14) - What impact will ChatGPT have on accounting? (08:39) - Accountant salaries are rising (11:17) - Blake checks in on the live stream chat (14:06) - CFO Dive study with Open AI on productivity boost and some of tech concerns with AI in general (17:54) - WSJ article on jobs most exposed to ChatGPT (22:31) - Adrienne saved 150 hours automating a task for Going Concern (25:35) - Intuit survey of accountants (29:18) - The Trump indictment (33:32) - Kirkland Chruch forced employees to donate 10% of salary to chruch (36:24) - Back to AGI talk and will it take our jobs? (47:24) - Going Concern article on dating sim game for taxes (53:58) - Automating your job and having a side gig (55:36) - CEO's are starting to backtrack on remote work (59:22) - Follow up with Silicon Valley Bank (01:03:08) - Relay is now the official banking partner of Profit First (01:04:56) - Wrap up and where to reach everyone Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe Show NotesA dating sim that does your taxes: https://taxheaven3000.com/ The Accountant Shortage is So Bad Anime Waifu Girlfriends Are Taking Up Tax Prep Now - Going Concern               https://www.goingconcern.com/anime-dating-sim-tax-prep-game/Accountants are using technology to level up their businesses     https://quickbooks.intuit.com/r/small-business-data/accountant-tech-survey-2023/ Where Did Startups Put Their SVB Cash?  At JP Morgan Chase      https://www.saastr.com/where-did-startups-put-their-svb-cash-at/ Want to Do Your Part to Help the Accountant Shortage? Here’s What You Can Do Right Nowhttps://www.goingconcern.com/want-to-do-your-part-to-help-the-accountant-shortage-heres-what-you-can-do-right-now/ Meta, Microsoft, and Disney are reversing their bets on the metaversehttps://finance.yahoo.com/news/meta-microsoft-disney-reversing-bets-123000778.html Math Teachers Stage a Calculated Protesthttps://www.washingtonpost.com/archive/local/1986/04/04/math-teachers-stage-a-calculated-protest/c003ddaf-b86f-4f2b-92ca-08533f3a5896/ 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! 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 necessitiesTeePublic Store: http://cloudacctpod.link/merch SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/Future Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd  The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

The Federal Tax Updates podcast is a recent addition to the Earmark Media network of accounting-focused podcasts. In this episode, Roger and Annie discuss the most recent IRS updates and recommendations for tax preparers dealing with the surge of inaccurate ERC claims. They also provide some detailed insights into filing extensions for clients.Want to hear more Federal Tax Updates episodes? Listen and subscribe at federaltaxupdates.com Follow the Federal Tax Updates podcast on Social Media:twitter.com/FedTaxPodfacebook.com/FedTaxPodlinkedin.com/showcase/fedtaxpod

This Week's Guest: Terrell Turner, CPA; 85% of MNCPA members working in public accounting support an alternative to 150 hours; The Silicon Valley Bank Balance Sheet Time Bomb "Sitting In Plain Sight"; Senator Warren complains to PCAOB about sham crypto "audits"; JPMorgan Chase’s nickel bags turn out to be full of stones; PwC introduces AI chatbot for 4,000 lawyers to speed up work; Xero kills WorkflowMaxSponsorsSuiteFiles - https://cloudaccountingpodcast.promo/suitefilesZoho - https://cloudaccountingpodcast.promo/zohoKeeper - https://cloudaccountingpodcast.promo/keeperChapters(00:00) - Cloud Accounting Podcast Episode 325 (00:26) - Preview: Accountants aren't eating their own dog food (01:10) - Introduction and welcome Terrell Turner to the show (03:31) - What does Terrell's practice do and who do they serve? (05:11) - South Carolina's comptroller resigns due to $3.5 billion error (11:30) - Blake and David talked to Linda about alternative CPA pathway (15:37) - Blog Post on NASBA website on CPA pipeline problem (19:11) - Are salaries the bigger issue? (21:24) - Clip from the Financial Executive podcast (27:15) - A little bit about Sillicon Valley Bank (43:07) - The issue with non-profits finding auditors and throwing accountants under the bus (48:02) - Elizabeth Warren writes letter to PCAOB about scam crypto "audits" (49:32) - JPMorgan Chase's nickel bags turn out to be full of stones (51:33) - OpenAI is connecting ChatGPT to the internet (01:02:11) - Xero kills WorkflowMax (01:03:54) - PwC introduces AI chatbot for 4,000 lawyers to speed up work (01:10:23) - Wrap up and where to reach Terrell, Blake, & David Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comEarn CPE for listening to podcasts with Earmark CPE: https://earmarkcpeTranscriptThe transcript of this episode is available by clicking on the Transcript tab at the top of this page.Show NotesTexas Close to Allowing CPA Candidates to Test with 120 Creditshttps://www.cpapracticeadvisor.com/2023/03/22/texas-close-to-allowing-cpa-candidates-to-test-with-120-credits/78123/ South Carolina's Top Accountant to Step Down After $3.5 Billion Errorhttps://www.cpapracticeadvisor.com/2023/03/23/south-carolinas-top-accountant-to-resign-after-3-5-billion-error/78209/ MNCPA to Educators: "We Do Not Need New CPAs Who Have Additional College Credits; We Need More CPAs, Period."               https://www.goingconcern.com/mncpa-to-educators-we-do-not-need-new-cpas-who-have-additional-college-credits-we-need-more-cpas-period/ Banks and investors are reviving a push for changes to securities accounting after the SVB collapsehttps://www.wsj.com/articles/banks-investors-revive-push-for-changes-to-securities-accounting-after-svb-collapse-99caa9ce PwC introduces AI chatbot for 4,000 lawyers to speed up workhttps://gulfbusiness.com/pwc-introduces-ai-chatbot-for-4000-lawyers/ The More Things Change, the More They Stay the Same: Addressing the CPA Pipeline Crisis | NASBAhttps://nasba.org/blog/2023/03/14/addressing-the-cpa-pipeline-crisis/ QuickBooks leans into AI in 2023 | Accounting Todayhttps://www.accountingtoday.com/news/quickbooks-plans-to-go-all-in-on-ai-in-2023 SVB's balance-sheet time bomb was 'sitting in plain sight' https://www.accountingtoday.com/articles/svbs-balance-sheet-time-bomb-was-sitting-in-plain-sight-short-seller-saysGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/Future Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get ...

Join us for an exclusive interview with Linda Wedul from the MNCPA! We'll dive deep into the pressing issues surrounding the 150-hour rule, the talent shortage facing CPA firms in Minnesota, and how MNCPA is exploring alternative pathways to licensure. Tune in as we explore innovative solutions for keeping the CPA career path competitive and bridging the gap for aspiring professionals.Broadening Pathways to the CPA Credential: https://www.mncpa.org/involvement/legislative/broadening-pathways-to-cpa/Meet Our Guest, Linda WedulLinkedIn: https://www.linkedin.com/in/lindawedul/Learn more about the Minnesota Society of CPAshttp://mncpa.orgNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Matt Foreman explains what tax lawyers do; KPMG in the spotlight for signing off on SVB's books; digital bank apps benefit from SVB collapse; CLA launches paid high school accounting internships; Zoho's 10 most-installed CRM extensions of 2022; accounting talent shortage may cause city credit ratings to dropSponsorsSoftledger - https://cloudaccountingpodcast.promo/softledgerLiveFlow - https://www.cloudaccountingpodcast.promo/liveflowKeeper - https://www.cloudaccountingpodcast.promo/keeperNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe(00:00) - CAP 324 (00:17) - Preview: The job of a lawyer in setting up businesses (00:49) - Introduction and welcome Matt to the show (04:18) - What does a tax lawyer do? (09:08) - What do you do for me as a client? (13:26) - What is the biggest mistake you see businesses make? (18:15) - The IRS is underfunded (23:08) - How often and when are clients meeting with Matt? (25:28) - How will the IRS ever agree how to spend their $80 billion (31:19) - Digital bank apps have benefited from SVB collapse (35:46) - Auditors under scrutiny for SVB collapse (39:16) - Blake's take on why auditors aren't the ones to blame (45:11) - Ron Baker's audit insurance idea (50:19) - CLA launches paid high school accounting internships (51:34) - Zoho lists their 10 most installed CRM extensions of 2022 (53:58) - Accounting talent shortage can cause city credit ratings to drop (01:00:17) - Wrap up and how to reach everyone Show Notes10 most-installed Zoho CRM extensions of 2022 https://www.zoho.com/blog/marketplace/10-most-installed-Zoho-CRM-extensions-of-2022.htmlSVB and Signature Bank Passed KPMG Audits Days Before Collapses https://www.pymnts.com/digital-first-banking/2023/svb-and-signature-bank-passed-kpmg-audits-days-before-collapses/CLA Launches Paid High School Accounting Internships in 15 ...https://www.cpapracticeadvisor.com/2023/03/14/cla-launches-paid-high-school-accounting-internships-in-15-locations/77932/For Banks, Guaranteeing 100% of Everyone’s Money Threatens Moral Hazard https://www.pymnts.com/news/regulation/2023/for-banks-guaranteeing-100percent-of-everyones-money-threatens-moral-hazard/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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/Future Firm Accelerate - https://futurefirmaccelerate.com/cap Uncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

We're talking about the release of GPT-4 and Microsoft's Copilot built into Office 365. Both will have a huge impact on accountants in the near future. Tune in to learn how!Show Notes:  Introducing Microsoft 365 Copilot | Microsoft 365 Bloghttps://www.microsoft.com/en-us/microsoft-365/blog/2023/03/16/introducing-microsoft-365-copilot-a-whole-new-way-to-work/GPT-4 Developer Livestream - YouTubehttps://www.youtube.com/watch?v=outcGtbnMuQOpenAI releases GPT-4, artificial intelligence that can 'see' and do taxeshttps://www.nbcnews.com/tech/tech-news/openai-gpt-4-rcna74916Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Join us for a conversation with Ken Bishop, President and CEO of NASBA, as he shares his insights into the shrinking CPA pipeline. We'll be discussing the controversial 150-hour rule and possible solutions to the growing accounting talent shortage.Meet Ken BishopLinkedIn: https://www.linkedin.com/in/ken-l-bishop-5a142414/Learn more about NASBAWebsite: http://nasba.orgNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Guest: Paul Barnhurst, The FP&A Guy; Corporate frauds go undetected; Xero lays off 800; IRS process had a 20X improvement, and more!SponsorsOnPay - https://cloudaccountingpodcast.promo/onpay Relay - https://cloudaccountingpodcast.promo/relayClient Hub - https://cloudaccountingpodcast.promo/clienthubNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe(00:00) - E323 (00:23) - State regulators shut down Silicon Valley Bank (00:52) - Introduction and some thoughts on their Ken Bishop interview (04:33) - Some background on Paul (09:29) - Silicon Valley Bank is in trouble (13:45) - How banks work and make money (16:50) - Blake shares a tweet from a listener (18:04) - Almost all corporate fraud goes undetected (23:21) - News breaks that SVB has been shut down (27:43) - Fireball sued for whiskey fraud (30:51) - Ramp raises $5 million to build expense tracking (37:10) - ChatGPT used to recover over $100k in unpaid invoices (43:11) - FinTech failures and Xero's layoffs (47:29) - Startup CFO used Chat GPT to create FP&A tool (52:41) - Which GL will embed AI first? (55:24) - Randomly assigning auditors to companies improves their quality (57:58) - The IRS has already scanned 20 times more documents than all of 2022 (59:15) - New commissioner of IRS approved (59:46) - Wrap up and where to reach everyone Show NotesXero to lay off up to 800 staff as tech downturn spreads to accountinghttps://www.accountingweb.co.uk/tech/accounting-software/xero-to-lay-off-up-to-800-staff-as-tech-downturn-spreads-to-accounting IRS expands digital processinghttps://www.accountingtoday.com/news/irs-expands-digital-processing Senate approves Werfel as IRS chiefhttps://www.accountingtoday.com/news/senate-approves-werfel-as-irs-chief Reshaping Xero to enable disciplined growth and focushttps://www.xero.com/blog/2023/03/reshaping-xero-to-enable-growth/ Bill.com Holdings: QuickBooks Flips From Asset To Serious Threat ...https://seekingalpha.com/article/4585422-billcom-holdings-quickbooks-flips-from-asset-to-serious-threat Ramp Raises $5 Million for User and Revenue Forecasting Platformhttps://www.pymnts.com/news/investment-tracker/2023/ramp-raises-5-million-for-user-and-revenue-forecasting-platform/ The Week That Broke the Bank for Crypto             https://www.pymnts.com/cryptocurrency/2023/the-week-that-broke-the-bank-for-crypto/ FinTech Cash Burn Totaled $12 Billion in 2022      https://www.pymnts.com/news/fintech-investments/2023/fintech-cash-burn-totaled-12-billion-in-2022/ What’s going on at Silicon Valley Bank?! https://newsletter.dtrh.co/p/whats-going-on-at-silicon-valley Silicon Valley Bank shoots self in foot      https://techcrunch.com/2023/03/09/silicon-valley-bank-shoots-self-in-foot/ Most corporate fraud goes undetected  https://www.cfobrew.com/stories/2023/01/26/most-corporate-fraud-undetected-new-studyGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/RightTool for QuickBooks Online - https://righttool.appFuture Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/ Nett Tracker - https://www.nett-tracker.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro...

Bank Collapse App Information: https://bankcollapseapp.info/Meet Our Guests:Matthew MayLinkedIn: https://www.linkedin.com/in/thetechcpa/Twitter: @TheTechCpaWebsite: Acuity.coMike MoïseLinkedIn: https://www.linkedin.com/in/mikemoise/ Twitter: @mavidormike Website: https://www.leadwithvalue.team/ Rey Arellano, CPA PFS CGMALinkedIn: https://www.linkedin.com/in/reynaldoarellano/ Akshay ShrimankerLinkedIn: https://www.linkedin.com/in/shaycpa/Twitter: @ShayCPA Website: Shaycpa.com Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

Majority of CAS practices support 3+ general ledgers; KPMG may have turned a blind eye to deforestation; Intuit to replace QuickBooks Desktop POS with Shopify; Startup accelerators from Intuit and AICPASponsorsTri-Merit - https://cloudaccountingpodcast.promo/trimeritLiveFlow - https://cloudaccountingpodcast.promo/liveflowPatriot - https://cloudaccountingpodcast.promo/patriotNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe (00:00) - Catching Up On AccounTech News (00:47) - Introduction and why we are doing this extra episode (01:42) - Voice authentication in the banking industry (04:45) - ESG update from David (14:02) - Deloitte's Australia becomes a victim of fraud (16:45) - Armanino crypto team has now started a new firm (17:49) - CAAS by the numbers (28:07) - Why switching from QuickBooks to Xero or vice versa is so difficult (32:05) - Accounting conferences entry fees excludes average CPA from going (39:32) - Listener mail on pricing (45:52) - QuickBooks POS system is partnering with Shopify (49:43) - AICPA and CPA.com new startup accelerator cohort (53:23) - Intuit cohort of startups (55:55) - Revolut struggles (01:02:23) - How to contact Blake or David  Show NotesRevolut auditor concerned over £477m in late accounts https://www.accountancydaily.co/revolut-auditor-questions-ps477m-late-accounts Intuit Announces 2023 Cohort of Toronto Startup Accelerator Program   http://www.businesswire.com/news/home/20230302005347/en/Intuit-Announces-2023-Cohort-of-Toronto-Startup-Accelerator-Program/?feedref=JjAwJuNHiystnCoBq_hl-SP7CEH_PxTjduXJ0SDrbU6qcp-o_pnudlUwsb5apQ1S4gUE65BTfjH3-pSuqdv0gW3cb3F4oTIgUqCPafFkgu67Ap_pA_yJ1XPgPy1DuJnY The Dishonest Accounting of Net-Zero Emissions               https://capitalandmain.com/the-dishonest-accounting-of-net-zero-emissions AICPA and CPA.com Announce 2023 Startup Accelerator Cohort https://www.cpapracticeadvisor.com/2023/02/28/aicpa-and-cpa-com-announce-2023-startup-accelerator-cohort/77261/ Say Goodbye to QuickBooks Desktop Point-of-Sale           https://www.intuitiveaccountant.com/accounting-tech/general-ledger/say-goodbye-to-quickbooks-desktop-point-of-sale/ AICPA & CIMA Sponsor Inaugural 'IFRS Sustainability Symposium'              https://www.intuitiveaccountant.com/in-the-news/people-and-business/aicpa-cima-sponsor-inaugural-ifrs-sustainability-symposium/ Professional accountants fall out of favour on ESG assurance       https://www.responsible-investor.com/professional-accountants-fall-out-of-favour-on-esg-assurance/ ESG Reporting Now Common at Large Companies, But Report ... https://www.cpapracticeadvisor.com/2023/02/28/esg-reporting-now-common-at-large-companies-but/77221/ Voice Cloning: A Blessing or a Curse for the Voice Banking Industry?         https://www.finextra.com/blogposting/23813/voice-cloning-a-blessing-or-a-curse-for-the-voice-banking-industry Revolut User Base Grows Alongside Auditor Warnings     https://www.pymnts.com/news/digital-banking/2023/revolut-user-base-grows-alongside-auditor-warnings/ How auditing giant KPMG became a global sustainability leader while serving companies accused of forest destruction - ICIJ      https://www.icij.org/investigations/deforestation-inc/audit-firms-kpmg-environmental-sustainability-logging/ AICPA and CPA.com announce new startup accelerator cohort for 2023 | Accounting Today          https://www.accountingtoday.com/news/aicpa-and-cima-announce-new-startup-accelerator-cohort-for-2023 Xero Announces New Chief Product Officer - CPA Practice Advisor             https://www.cpapracticeadvisor.com/2023/02/28/xero-announces-new-chief-product-officer/77265/ IRS Processing Returns as Fast as It Gets Them - CPA Trendlines  https://cpatrendlines.com/2023/02/27/irs-processing-returns-as-fast-as-it-gets-them/ Tweet from Ryan Elblein re: cost of ENGAGE        https://twitter.com/relblein/status/1631125387005640704?s=12&t=bI7JWUng6zVr0Ei5O2Qv3g [CAP] Accounting / Finance as a percentage of Revenue https://mail.google.com/mail/u/0/?tab=cm#inbox/FMfcgzGrcjRMDlRGJhxfWPBrwJQzLxWQ CAS by the numbers | Accounting Today                https://www.accountingtoday.com/list/cas-by-the-numbers Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow a...

Guest: Dr. Josh McGowan, CPA from Troy University; Blake calculates the cost of the 150-hour rule; Minnesota says AICPA & NASBA are not the regulators; Accounting department budgets at riskSponsorsUncat - https://cloudaccountingpodcast.promo/uncatLiveFlow - https://cloudaccountingpodcast.promo/liveflowFirst Republic Bank - https://cloudaccountingpodcast.promo/firstrepublic Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe(00:00) - Preview: The struggle is finding students who want to be an accounting major (01:08) - Josh McGowan joins the show (02:27) - Why should a student choose to be an accounting major (09:35) - How is accounting enrollment trending at your University? (12:25) - David asks Josh survey questions from a CPA Journal article (23:39) - How do we fix the work/life balance image of bigger firms (27:33) - Josh tell us your personal accounting journey (37:27) - Blake shares some listener mail (42:08) - Are students with accounting exposure in high school better prepared for college accounting classes? (43:26) - Lets talk about the 150 hour rule with Josh (58:20) - Is the branding of the accounting profession the bigger problem? (01:09:08) - What if we change the 150 requirement and still have a pipeline issue? (01:13:25) - Should accountants even need a bachelor's degree? (01:22:40) - Wrap up and where to find Josh online Show NotesThe Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Uphttps://www.goingconcern.com/the-beef-between-the-aicpa-and-minnesota-over-the-150-hour-rule-heats-up/ An Update on the Future of Accounting Education             https://www.cpajournal.com/2022/11/14/an-update-on-the-future-of-accounting-education/ The cost of the 150-hour rule: $2 billion https://www.accountingtoday.com/opinion/the-cost-of-the-150-hour-rule-2-billion Former Accounting Team of FTX US Auditor Armanino Sets Up Shop as The Network Firmhttps://www.coindesk.com/tech/2023/03/01/former-accounting-team-of-ftx-us-auditor-armanino-sets-up-shop-as-the-network-firm/ Entigrity Honored with 'Dream Companies to Work For' and 'Best ...         https://www.prnewswire.com/in/news-releases/entigrity-honored-with-dream-companies-to-work-for-and-best-employer-brand-award-by-world-hrd-congress-301751496.htmlGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/RightTool for QuickBooks Online - https://righttool.appFuture Firm Accelerate - https://futurefirmaccelerate.com/cap Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Full Transcript Available Upon Request: info@cloudaccountingpodcast.com

IRS stuck on 1970's technology; Twitter poll says change back to 120 hours; Photos prove accounting thought leaders met; Intuit's 2023 Q2 ResultsSponsorsRelay - https://cloudaccountingpodcast.promo/relayZoho - https://cloudaccountingpodcast.promo/zohoClient Hub - https://cloudaccountingpodcast.promo/clienthubNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe(00:00) - China Tells State Firms to Drop Big Four (00:25) - Preview: "The IRS is broken" (01:09) - Blake and David recap the CPA Educators Conference (08:27) - Some quick listener feedback and Blake interviewed a guest earlier in the week (10:44) - China is telling firms to drop their Big 4 auditors (14:30) - Some updates from Intuit's latest earnings report (19:27) - Blake gives live Chat GPT demo on email responses (24:19) - Vanderbilt University is getting criticized for using Chat GPT to write sympathy email to Michigan State (25:42) - The IRS is using 60 year old technology and won't upgrade it (30:42) - Open Secrets article on Intuit's lobbying money (34:29) - Blake checks in on some live viewer chat (36:15) - The Big 4 and their purpose statements (39:11) - Interview with Jimmy Corley and the 150 hour rule (55:18) - Blake shares a poll from Twitter on 150 hour requirement (57:01) - Criticism on CPA Practice Advisors photo op and article on future of profession (59:22) - Join us next week and where to reach Blake and David Show NotesOpinion | Badly outdated technology plagues the IRS - The Washington Posthttps://www.washingtonpost.com/opinions/2023/02/22/outdated-technology-irs/ China urges state firms to drop Big Four auditors on data risk | Accounting Todayhttps://www.accountingtoday.com/articles/china-urges-state-firms-to-drop-big-four-auditors-on-data-risk Twitter Poll: Should 150 college credits be required or 120 to be a CPA?https://twitter.com/mikesyl36625988/status/1626946277127729155?s=12&t=ETTs0WOvobuoMmjCN8GztQWhat You Should Know About Changing the 150 Hour Rule Before You Debate For or Against Ithttps://www.goingconcern.com/150-hour-rule-changes-issues/ Accounting Thought Leaders Discuss Future of the Profession, Advisory Services, and Taxhttps://www.cpapracticeadvisor.com/2023/02/21/accounting-thought-leaders-discuss-future-of-advisory-and-tax/76941/ Opinion | The IRS should not be running on 60-year-old technologyhttps://www.washingtonpost.com/opinions/2023/02/22/outdated-technology-irs/ Intuit's (INTU) Q2 Earnings and Revenues Beat Estimateshttps://www.zacks.com/stock/news/2058809/intuit-s-intu-q2-earnings-and-revenues-beat-estimates?cid=CS-ZC-FT-analyst_blog|earnings_article-2058809 China to shift away from Big Four accounting firms           https://asiatimes.com/2023/02/china-to-shift-away-from-big-four-accounting-firms/ Intuit Inc. (INTU) Q2 2023 Earnings Call Transcript              https://seekingalpha.com/article/4581444-intuit-inc-intu-q2-2023-earnings-call-transcript Intuit Reports Strong Second Quarter Results and Reiterates Full Year Guidancehttp://www.businesswire.com/news/home/20230223005037/en/Intuit-Reports-Strong-Second-Quarter-Results-and-Reiterates-Full-Year-Guidance How CPA Firms Are Engaging the Next Tax and Accounting Pros  https://news.bloombergtax.com/tax-insights-and-commentary/how-cpa-firms-are-engaging-the-next-tax-and-accounting-pros TurboTax parent company Intuit is pouring more money than ever into lobbying amid push for free government-run tax filing               https://www.opensecrets.org/news/2023/02/turbotax-parent-company-intuit-is-pouring-more-money-than-ever-into-lobbying-amid-push-for-free-government-run-tax-filing/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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher:

Guest Randy Crabtree of The Unique CPA podcast; the UK has an accountant turnover crisis, too; should accountants unionize? Field service app Jobber raises $100 million and more! SponsorsSuiteFiles - https://cloudaccountingpodcast.promo/suitefilesLiveFlow - https://cloudaccountingpodcast.promo/liveflowAnchor - https://cloudaccountingpodcast.promo/anchorNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe(00:00) - Thank you to our sponsor, SuiteFiles (00:26) - Preview: Why Saas businesses look horrible on paper (01:08) - Introduction and welcome Randy Crabtree to the show (03:04) - Some background on Randy and his firm (05:14) - NASBA votes on keeping the 150 hour requirement (08:56) - Will CPAs and audits even be necessary in the future? (11:48) - Did Randy have to get 150 hours? (15:54) - Accounting as an AP class and how to reach more high school students (21:59) - Thank you to our sponsor, SuiteFiles (23:25) - Checking in on the live chat (27:10) - Losing accountants isn't just a United States problem (29:47) - The University of Arizona partners with Deloitte for an accounting scholarship program (30:35) - Blakes plays a clip from Planet Money (35:08) - Thank you to our sponsor, LiveFlow (36:25) - Jobber raises $100 million and the SaaS business model (42:03) - Client Hub launches a free recategorized plan (43:35) - Google Calendar now fights calendar spam (45:23) - Thank you to our sponsor, Anchor (47:02) - CFO's vow to boost their tech influence in 2023 (47:48) - New Zealand company Hnry, raises $35 million in series B (49:03) - Chat CPA website (53:16) - Zapier blog post on best AI productivity tools (56:27) - Randy has to run, and another check on the chat (01:00:02) - Hinge Research put out a high growth study for 2023 (01:01:26) - Would accountants support a type of "union" for better working conditions? (01:06:49) - A few listener emails (01:11:58) - Wrap up and where to reach Blake and David (01:13:36) - Client Hub (01:14:12) - RightTool (01:14:35) - Future Firm Accelerate (01:15:22) - How to advertise in these classifieds Show NotesThe best AI productivity tools in 2023 | Zapier     https://zapier.com/blog/best-ai-productivity-tools/ The Accountant Shortage Isn't Bad Enough For NASBA to Entertain Dropping the 150 Hour Requirement - Going Concernhttps://www.goingconcern.com/nasba-150-hour-rule-accountant-shortage/ HF 1749 as introduced - 93rd Legislature (2023 - 2024)https://www.revisor.mn.gov/bills/text.php?number=HF1749&session=ls93&version=list&session_number=0&session_year=2023&keyword_type=all&keyword=Accountancy ChatCPA - Chat with an A.I. trained by a CPA        https://www.chatcpa.io/ Google adds a new way to block calendar spam. Here’s how to use ithttps://www.cnbc.com/2022/07/20/how-to-block-google-calendar-spam-with-a-new-feature-that-stops-it.html Client Hub Launches a Free Recategorize Plan - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/02/13/client-hub-launches-a-free-recategorize-plan/76782/ NASBA upholds 150-hour education requirement for CPA licensure - Journal of Accountancyhttps://www.journalofaccountancy.com/news/2023/feb/nasba-upholds-150-hour-education-requirement-for-cpa-licensure.html CFOs Vow to Boost Tech Influence in 2023https://www.cfo.com/technology/2023/02/tech-spending-2023-finance-team/ LinkedIn poll: Should accountants unionize?https://www.linkedin.com/posts/blaketoliver_accountants-activity-7016853793652838402-2_cC?utm_source=share&utm_medium=member_ios Self-employed bookkeeping platform Hnry books $35 million Series Bhttps://www.startupdaily.net/topic/funding/self-employed-bookkeeping-platform-hnry-books-35-million-series-b/ Jobber fixes on $100M as its platform for home services pros hits ...https://techcrunch.com/2023/02/07/jobber-fixes-on-100m-as-its-platform-for-home-services-pros-hits-200k-users/ Eller College scholarship aims to promote diversity in accountinghttps://azbigmedia.com/business/eller-college-scholarship-aims-to-promote-diversity-in-accounting/ KPMG becomes first Big Four accounting firm to cut staff in US: Reporthttps://www.indiatoday.in/business/story/kpmg-becomes-first-big-four-accounting-firm-to-cut-staff-in-us-2335430-2023-02-16 The Impact of AI on the Accounting Profession   https://www.cpapracticeadvisor.com/2023/02/13/the-impact-of-ai-on-the-accounting-profession/76772/ Accounting: uncovering the hidden gem of the math departmenthttps://www.inklingsnews.com/opinions/2023/02/10/accounting-uncovering-the-hidden-gem-of-the-math-department/ Third of accountants consider changing jobs        https://www.accountancydaily.co/third-accountants-consider-changing-jobsGet in TouchThanks for listening and for ...

We dissect the AICPA's plan; Short seller Hindenburg Research reports that Adani Group had 23 and 24 year-old auditors sign off on financials. WSJ asks: "How can we make accounting cool?"; Biden vows to veto GOP plan to abolish the IRS; CPA exam takers down 25% since 2018; IRS too busy to replace old computers, suspends projectSponsorsOnPay - https://cloudaccountingpodcast.promo/onpayRelay - https://cloudaccountingpodcast.promo/relayFirst Republic Bank - https://cloudaccountingpodcast.promo/firstrepublicNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe(00:00) - Thank you to our sponsor, OnPay (00:19) - Preview: (01:01) - Introduction and some of what we'll cover this episode (03:13) - NPR Marketplace interview with Adrienne Gonzalez and the struggle to find accountants (10:30) - AICPA's town hall (16:43) - Thank you to our sponsor, OnPay (18:01) - Checking in on our live chat (21:12) - Matt asks for ideas on how he should obtain his 150 hours (27:47) - Thank you to our sponsor, Relay (29:55) - Accounting Today article on CPA exam pass rates falling in 2022 (35:59) - GAO says IRS gave up on computer systems upgrade (39:49) - Thank you to our sponsor, First Republic Bank (40:35) - Republican bill to abolish the IRS (43:15) - Lets talk about Adani Group's auditors (46:20) - Tether releases latest attestation report (48:51) - Nikole's voicemail and the Accounting High bracket (51:32) - Company holds "funeral" for QuickBooks (53:35) - Blake reads some listeners comments and feeback (58:05) - Wrap up and the CAP is going ti Expensicon! (59:46) - Classifieds (59:48) - Client Hub (01:00:24) - RightTool (01:00:46) - Federal Tax Updates Podcast (01:01:59) - How to advertise in these classifieds Show NotesHow Can We Make Accounting Cool? - WSJ          https://www.wsj.com/articles/how-can-we-make-accounting-cool-11675973909 If You Let 23-Year-Olds Sign Off on Audits, You're Gonna Have a Bad Timehttps://www.goingconcern.com/adani-group-auditors/ Why there's a national shortage of accountants https://www.marketplace.org/2023/02/07/as-tax-season-approaches-accounting-firms-are-short-on-staff/ Biden Vows to Veto GOP Plan to Abolish the IRS https://www.cpapracticeadvisor.com/2023/02/02/biden-vows-to-veto-gop-plan-to-abolish-the-irs/76458/ Controller - National Women's Soccer League (New York · NY)     https://www.teamworkonline.com/soccer-jobs/nwslsoccer/nwsl-league-office/controller-2034269 What’s New in FreshBooks – 2023             https://www.freshbooks.com/blog/product-updates-2023 Self-employed bookkeeping platform Hnry books $35 million Series Bhttps://www.startupdaily.net/topic/funding/self-employed-bookkeeping-platform-hnry-books-35-million-series-b/ McDonalds Presidents Says California FAST Act Will Kill Restaurantshttps://smallbiztrends.com/2023/01/mcdonalds-presidents-says-california-fast-act-will-hurt-small-business.html New York Requires Disclosure in Small Businesses Financinghttps://www.pymnts.com/news/regulation/2023/new-york-requires-disclosure-in-small-businesses-financing/ Almost 70K ‘questionable’ Social Security numbers used for $5.4B in pandemic-related loans: watchdog  https://thehill.com/policy/finance/3837329-almost-70k-questionable-social-security-numbers-used-for-5-4b-in-pandemic-related-loans-watchdog/ The 15 largest banks in the US    https://finance.yahoo.com/news/15-largest-banks-us-160040404.html Football, lifeguarding, college and accounting      https://hoganstand.com/article/index/326378 Password Managers – An Insightful Accountant Software Comparisonhttps://www.intuitiveaccountant.com/accounting-tech/vendor-news/password-managers-an-insightful-accountant-software-comparis/ IRS more likely to audit Black taxpayers https://www.accountingtoday.com/news/irs-more-likely-to-audit-black-taxpayers Press Release- February 1, 2023: Superintendent Adrienne A. Harris Adopts Updated Regulation For Disclosure Requirements For Commercial Financinghttps://www.dfs.ny.gov/reports_and_publications/press_releases/pr202302011 Crypto’s One-Time Favorite Bank Faces Federal Probe Into FTX Relationshiphttps://www.pymnts.com/cryptocurrency/2023/cryptos-one-time-favorite-bank-faces-federal-probe-into-ftx-relationship/ US Bank launches automated direct deposit switchinghttps://bankautomationnews.com/allposts/payments/us-bank-launches-automated-direct-deposit-switching/ Chase to Expand Small Business Banking Workforce by 20%          https://www.pymnts.com/digital-first-banking/2023/chase-to-expand-small-business-banking-workforce-by-20-pct/

Guest: Intuit Accountants leader Ted Callahan; The latest on QuickBooks Connect 2023; How to defend against ChatGPT stealing your job; Crypto lender Celsius used QuickBooks, too!SponsorsRelay - https://cloudaccountingpodcast.promo/relayLiveFlow - https://cloudaccountingpodcast.promo/liveflowClient Hub- https://cloudaccountingpodcast.promo/clienthubNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe(00:00) - Thank you to our sponsor, Relay (00:26) - Intuit's "Prosperity Ladder" (01:04) - Introduction: Welcome Ted Callahan to the show (02:23) - Earmark launched "Crypto With Accountants" (03:35) - What is Ted's job title and what does he do day to day at Intuit (07:33) - What will Chat GPT and AI change in the accounting industry (09:28) - Will some of Intuit's own internal technology be available for customers to use? (12:08) - Thank you to our sponsor, Relay (13:19) - The Intuit message has changed re: taxes (18:44) - How do you respond to people who say Intuit is now an accountants competitor? (22:53) - Are intuit accounting employees part time? Full time? Get benefits? (26:45) - Thank you to our sponsor, LiveFlow (28:02) - Expanding more on Intuit's accounting employees (33:53) - What should a young owner of a small accounting firm focus on? Where is the opportunity? (38:06) - Let's talk a little about pricing (41:38) - Blake checks in on the live chat (44:40) - Thank you to our sponsor, 3 (46:03) - Some thought on QuickBooks Connect 2022 and plans for QB Connect 2023 (50:17) - FTX and Celsius were on QuickBooks... should they have been? (55:33) - ChatGPT article in Medium using accountants as examples (01:04:25) - David reads a job posting and wrap up (01:07:22) - Client Hub (01:07:59) - RightTool (01:08:21) - Federal Tax Updates Podcast (01:09:35) - How to advertise in these classifieds Show NotesCelsius Was Using QuickBooks for Its Accounting—Just Like FTX – Decrypthttps://decrypt.co/120284/celsius-quickbooks-accounting-ftxCelsius tosses scraps to victims, Alex Mashinsky thought himself infalliblehttps://coingeek.com/celsius-tosses-scraps-to-victims-alex-mashinsky-thought-himself-infallible/ Celsius Network: Final report from the examiner — lies, incompetence and Ponzi schemeshttps://davidgerard.co.uk/blockchain/2023/02/01/celsius-network-final-report-from-the-examiner-lies-incompetence-and-ponzi-schemes/ Intuit Supercharges Virtual Expert Platform with AI Enhancements to Streamline Expert-Assisted Tax Filinghttps://aithority.com/machine-learning/intuit-supercharges-virtual-expert-platform-with-ai-enhancements-to-streamline-expert-assisted-tax-filing/ Will ChatGPT replace you?           https://medium.com/@theo.seeds/will-chatgpt-replace-you-36b05cebe160 AI is not a threat to the accounting profession: as written by an AIhttps://www.accountingtoday.com/opinion/ai-is-not-a-threat-to-the-accounting-profession-as-written-by-an-ai Will ChatGPT replace you?. How to tell if you’re gonna lose your… | by Theo Seeds | Jan, 2023      https://medium.com/@theo.seeds/will-chatgpt-replace-you-36b05cebe160 QuickBooks Live Bookkeeping Pricing - Quickbooks           https://quickbooks.intuit.com/live/pricing/ QuickBooks Connect FAQhttps://quickbooksconnect.com/faq/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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/RightTool for QuickBooks Online - https://righttool.appFederal Tax Updates podcast - https://federaltaxupdates.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad:

Recession needed to increase accounting grads; Amber Setter on improving the CPA pipeline; 2023 tax season officially starts; tech layoffs hit accounting techSponsorsKeeper - https://cloudaccountingpodcast.promo/keeperLiveFlow - https://cloudaccountingpodcast.promo/liveflowAnchor - https://cloudaccountingpodcast.promo/anchorNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe(00:00) - Thank you to our sponsor, Keeper (00:20) - Preview : Accountants are prestressed for busy season (00:56) - Blake is in Tucson; Welcome Amber to the show (04:29) - Who is your ideal customer for coaching? (06:42) - Remote workers save an average of 72 minutes per day (14:49) - Thank you to our sponsor, Keeper (16:22) - YouTube Live comment from Sam on working from home (18:07) - WSJ says the job market for remote workers is shrinking — but the demand is still high (19:37) - Will tech layoffs lead college students to accounting? (22:17) - Is it realistic for someone in tech to transition into accounting? (25:43) - Thank you to our sponsor, LiveFlow (27:03) - George Santos was involved in an alleged $17 million Ponzi scheme in Florida (29:46) - Moody's is working on a scoring system for stable coins (31:09) - Wash sales represent up to 77% of trades on unregulated crypto exchanges (32:56) - The IRS released guidance on crypto check mark on 1040s (33:56) - Are accountants more optimistic for the 2023 tax season (37:53) - Thank you to our sponsor, Anchor (39:42) - The IRS has opened an online portal where businesses can file 1099s (42:08) - A few QuickBooks updates (43:45) - AccountingWED article summarizing all the accounting tech layoffs (46:42) - ChatGPT updates (48:41) - Rocket Lawyer has launched Rocket Tax (53:15) - Listener mail from Greg on his firm actually looking for more clients (58:39) - Message from Jared about Right Tool (01:01:33) - Wrap up, where to reach Amber, and one new review (01:04:17) - Client Hub (01:04:54) - RightTool (01:05:16) - Federal Tax Updates Podcast (01:06:30) - How to advertise in these classifieds Show NotesNew Xero data sees US small business sales slow as consumer spending tightenshttps://www.xero.com/us/media-releases/xero-small-business-insights-usa-january-2023/ KPMG Vice Chair Hopes All the Tech Layoffs Will Scare College Kids Into Accountinghttps://www.goingconcern.com/kpmg-vice-chair-hopes-all-the-tech-layoffs-will-scare-college-kids-into-accounting/ TurboTax Tax Trends Report    https://blog.turbotax.intuit.com/life/turbotax-tax-trends-report-tax-year-2021-53767/ The Argument for Accounting   https://merrimacknewspaper.com/the-argument-for-accounting/ Accounting Software Maker IRIS Sees 30% Growthhttps://www.cpapracticeadvisor.com/2023/01/24/accounting-software-maker-iris-sees-30-growth/76127/ IRS clarifies crypto question on tax formhttps://www.accountingtoday.com/news/irs-clarifies-crypto-question-on-tax-form This forensic accounting startup in Seattle is helping lawyers solve ...      https://www.geekwire.com/2023/this-forensic-accounting-startup-in-seattle-is-helping-lawyers-solve-fraud-investigations/ Bookkeeper Job Description      https://www.executivepastoronline.com/bookkeeper-job-description/ The Largest Accounting Firm in Kentucky Thinks a Tower Will Win the Talent Warhttps://www.goingconcern.com/the-largest-accounting-firm-in-kentucky-thinks-a-tower-will-win-the-talent-war/ Important Changes to QuickBooks Related 1099 Filing and Billing for 2023https://www.intuitiveaccountant.com/accounting-tech/general-ledger/important-changes-to-quickbooks-related-1099-filing-and-bill/ Over 2 in 3 small business owners already feel burnt out in first week of 2023 Intuit QuickBooks research shows  https://finance.yahoo.com/news/over-2-3-small-business-090000132.html IRS opens 2023 tax filing seasonhttps://www.accountingtoday.com/news/irs-opens-2023-tax-filing-season Small businesses lament Sage's monthly subscription changes amid rising costs   https://www.itpro.co.uk/software/369796/small-businesses-lament-sages-monthly-subscription-changes-amid-rising-costs Rocket Lawyer Launches Tax Prep Tool for Small Business Ownershttps://smallbiztrends.com/2023/01/rocket-tax-software-for-small-business.html State Corporate Income Tax Rates and Brackets for 2023 https://taxfoundation.org/state-corporate-income-tax-rates-brackets-2023/ 3.4m still need to file tax return https://www.accountancydaily.co/34m-still-need-file-tax-return Melio Launches Integration To Sync Payments Data with Xero   https://www.prnewswire.com/news-releases/melio-launches-integration-to-sync-payments-data-with-xero-301728971.html Firms Hope to Win With Receipt Data Solutions but Implementation Issues Abound

Meet Our Guest, Lea BriscoeLinkedIn: https://www.linkedin.com/in/lea-briscoe-0765418/Learn more about Purple Wavehttps://www.purplewave.com/Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

SponsorsKeeper - https://cloudaccountingpodcast.promo/keeperRelay - https://cloudaccountingpodcast.promo/relayFirst Republic Bank - https://cloudaccountingpodcast.promo/firstrepublicNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe(00:00) - Thank you to our sponsor, Keeper (00:20) - Preview: Will AI replace accountants in audits (01:04) - Introduction and quick recap of Blake's week in Park City (03:43) - Earmark has launched a new Federal Tax Updates podcast (07:15) - Source says Square is launching their own GL (10:46) - Some final takeaways from skiing trip (13:18) - Thank you to our sponsor, Keeper (14:55) - Article about a high school student who wants to become an accountant (17:56) - IRS audit rates declined further in 2022 (19:10) - The Tax Foundation made a graphic on the IRS backlog (21:54) - Accountants need to narrow their scope in 2023 (23:13) - Canadian accounting firm sues employee for overbilling on timesheets (28:46) - Thank you to our sponsor, Relay (30:04) - "Office Space" inspired sofrware engineering scam (32:40) - Are mid-career CPAs happy in your firm? (36:25) - David's first reaction to Chat GPT (41:28) - Thank you to our sponsor, First Republic Bank (42:31) - Blake uses Chat GPT live to demonstrate what it can do (47:33) - Chad Davis uses Chat GPT to write fake CAP episode intro (49:46) - Somebody used Chat GPT to try to pass a chartered accountant exam in England (54:45) - Paula's message and idea about a national CPA license (58:38) - Tori's email on how a radical step is needed to change the AICPA (59:53) - Deanna asks for best apps to import journal entries into QBO Advanced (01:01:47) - Accounting firms might want to look into hiring some of these laid off tech employees (01:02:26) - Checking in on the live chat discussion on ChatGPT (01:04:09) - Wrap up and reminder to subscribe to our YouTube channel (01:07:29) - Classifieds (01:07:31) - Client Hub (01:08:08) - RightTool (01:08:30) - Federal Tax Updates Podcast (01:09:44) - How to advertise in these classifieds Show NotesGeorge Clooney to be Headline Speaker at ExpensiCon 2023 - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/01/18/george-clooney-to-be-headline-speaker-at-expensicon-2023/75905/ AI chatbot falls just short on accounting exam | AccountingWEBhttps://www.accountingweb.co.uk/tech/tech-pulse/ai-chatbot-falls-just-short-on-accounting-exam IRS audit rates declined further in 2022 | Accounting Todayhttps://www.accountingtoday.com/news/irs-audit-rates-declined-further-in-2022 Are midcareer CPAs happy in your firm? | Accounting Todayhttps://www.accountingtoday.com/opinion/are-mid-career-cpas-happy-in-your-firm 2023 Tax Filing Season: Tax Season Delays & Complexity | Tax Foundationhttps://taxfoundation.org/2023-tax-filing-season/ Canadian accountant is ordered to repay employer for 'time theft' : NPRhttps://www.npr.org/2023/01/13/1148985075/time-tracking-software-canadian-woman-reach-cpa-court 'Office Space' Inspired Software Engineer's Scam, Prosecutors Say - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/01/06/office-space-inspired-software-engineers-theft-scheme-prosecutors-say/75515/?_ga=2.116447811.479438550.1673332096-1770167994.1673332096 3 Game-Changing Accounting Trends to Look Out for in 2023 https://www.spiceworks.com/finance/accounting/guest-article/3-game-changing-accounting-trends-to-look-out-for/ Facing Busy Season ’23: 99% of Accountants Suffer Burnouthttps://cpatrendlines.com/2023/01/12/facing-busy-season-23-99-of-accountants-suffer-burnout/ Basecamp details 'obscene' $3.2 million bill that caused it to quit the cloudhttps://www.theregister.com/2023/01/16/basecamp_37signals_cloud_bill/ Accountant must repay employer after software shows ‘time theft’https://www.accountingweb.co.uk/tech/practice-software/accountant-must-repay-employer-after-software-shows-time-theft George Clooney to Headline Expensicon 2023      https://www.intuitiveaccountant.com/education-hub/training-center/george-clooney-to-headline-expensicon-2023/ U.S. accounting watchdog faces lawsuit over its 'secretive ...        https://www.reuters.com/legal/us-accounting-watchdog-faces-lawsuit-over-its-secretive-disciplinary-process-2023-01-20/ TaxBit Announces Acquisition of Digital Asset Accounting Startup ...https://www.prnewswire.com/news-releases/taxbit-announces-acquisition-of-digital-asset-accounting-startup-tactic-301723033.html The IRS names the top tax crooks of 2022https://www.accountingtoday.com/list/the-irs-names-the-top-tax-crooks-of-2022 5 ideas to watch out for in accounting in 2023https://www.accountingtoday.com/news/5-ideas-to-watch-out-for-in-accounting-in-2023 CryptoCFOs Launch App to Access Crypto Tax & Accounting Communi...

Meet Our Guests:Bonnie ForssellLinkedIn: https://www.linkedin.com/in/bonnie-l-forssell-3534535a/Jennifer HerbertLinkedIn: https://www.linkedin.com/in/jennifer-herbert-a87919a5/Learn more about Vitamin Angelshttps://www.vitaminangels.org/Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

SponsorsZoho - https://cloudaccountingpodcast.promo/zohoLiveFlow - https://cloudaccountingpodcast.promo/liveflowAnchor - https://cloudaccountingpodcast.promo/anchorNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe(00:00) - Thank you to our sponsor, Zoho (00:27) - Preview: We need to make accountants aware of accounting career paths with real work life balance (01:11) - Introduction and quick overview of Blake's week and FAA meltdown (11:22) - What logic did the firm give David for letting him go? (21:15) - Thank you to our sponsor, Zoho (22:40) - Not enough firms are offering remote work (25:38) - Accountants don't need help getting clients (27:56) - Blake shares a story about his friend switching firms (29:44) - Blake shares a chart from CPA Trendlines (33:35) - What is the starting salary for a CPA at a medium to large firm? (37:16) - Thank you to our sponsor, LiveFlow (38:25) - Quick follow up on the story of a recent accounting graduate choosing the military over a Big 4 firm (40:06) - What is Profit First? And what do you do? (46:20) - Parkinson's Law (49:53) - Thank you to our sponsor, Anchor (52:39) - Jennifer's voicemail about her networking event for students (56:19) - Going over some comments in our live chat (01:02:47) - Linda's message about Illinois lowering the CPA hours requirement from 150 to 120 hours to sit for the exam (01:06:26) - Bernard's feedback on the Ron Baker episode (01:10:25) - David makes a new 2023 prediciton (01:11:08) - Rusty's message about North Carolina's CPA license requirements (01:13:54) - Wrap up and where to reach Blake and David (01:15:14) - Classifieds (01:15:16) - Client Hub (01:15:53) - RightTool (01:16:15) - Federal Tax Updates Podcast (01:17:27) - How to advertise in these classifieds LinksMore remote workers than workhttps://www.linkedin.com/news/story/more-remote-workers-than-work-5073937/http://btaxgo.com/ufadlli            SEC Charges Genesis and Gemini Following Crypto Collapse Contagion https://www.pymnts.com/cryptocurrency/2023/sec-charges-genesis-and-gemini-following-crypto-collapse-contagion/IRS Provides Tax Relief for California Storm Victims   https://blog.turbotax.intuit.com/tax-news/irs-provides-tax-relief-for-california-storm-victims-53808/AICPA Unveils Plans for Redesigned CPA Exam in 2024 ...https://insidepublicaccounting.com/2023/01/aicpa-unveils-plans-for-redesigned-cpa-exam-in-2024/2023: The Year of Crypto Compliance      https://www.corporatecomplianceinsights.com/2023-crypto-predictions/Quickbooks missed a golden opportunity to market itself with the FTX sagahttps://medium.com/coinmonks/quickbooks-missed-a-golden-opportunity-to-market-itself-with-the-ftx-saga-d381c373af05?source=rss----721b17443fd5---4The Financial Future: The Impact of AI on Finance and Accountinghttps://medium.com/@businessbreakthrough/the-financial-future-the-impact-of-ai-on-finance-and-accounting-d8d350edcb1dMost companies pay $11 or more per expense reporthttps://www.accountingtoday.com/news/most-companies-pay-11-or-more-per-processed-expense-reportTerry Smith fires darts at Meta, Apple, Unilever and accounting ...https://www.proactiveinvestors.com/companies/news/1002893/terry-smith-fires-darts-at-meta-apple-unilever-and-accounting-practices-after-fundsmith-underperforms-1002893.htmlIntuit Plans To Launch Crypto-Related Software’shttps://thecryptobasic.com/2023/01/10/intuit-plans-to-launch-crypto-related-softwares/IRS audit rates declined further in 2022https://www.accountingtoday.com/news/irs-audit-rates-declined-further-in-2022Addressing the accounting hiring crisis  https://www.accountingtoday.com/opinion/addressing-the-accounting-hiring-crisisIRS Cultivating Ties With Crypto Companies to Combat Fraud https://www.pymnts.com/cryptocurrency/2023/irs-cultivating-ties-with-crypto-companies-to-combat-fraud/Sam Bankman-Fried Tweets From Parent’s Basement, Denies Moving Funds From Alameda Researchhttps://beincrypto.com/sam-bankman-fried-tweets-parents-basement-denies-moving-funds-alameda-research/Chewy CFO Seeks Labor Cost Savings via Automated Fulfillmenthttps://www.pymnts.com/news/retail/2023/chewy-cfo-seeks-labor-cost-savings-via-automated-fulfillment/AICPA Says It Was Not Hacked, Refutes Reporthttps://www.cpapracticeadvisor.com/2023/01/12/aicpa-says-report-about/75816/Attackers steal AICPA emails passwords https://cybernews.com/news/attackers-steal-aicpa-emails-passwords/Connect with Ron SaharyanWebsite: https://profitfirstprofessionals.com/ LinkedIn: https://www.linkedin.com/in/ron-saharyan-3846a8/Twitter:

Meet Our Guest:Matthew Woodcockhttps://www.linkedin.com/in/matthew-woodcock-230a1210/Learn more about Sprague Pest SolutionsWebsite: https://www.spraguepest.com/ Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe 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! 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 necessitiesTeePublic Store: http://cloudacctpod.link/merch SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcast Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

SponsorsOnPay - https://cloudaccountingpodcast.promo/onpayLiveFlow - https://cloudaccountingpodcast.promo/liveflowPatriot Software - https://cloudaccountingpodcast.promo/patriotNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow Notes16:03 – Zero100 Supply Chain Predictions For 2023https://www.forbes.com/sites/kevinomarah/2022/12/29/zero100-supply-chain-predictions-for-2023/ 19:45 – 200262 top 10 fintech predictions for 2023https://www.crowdfundinsider.com/2022/12/200262-top-10-fintech-predictions-for-2023/ 36:50 – AccountingWEB quotes of the year 2022https://www.accountingweb.co.uk/tax/hmrc-policy/accountingweb-quotes-of-the-year-2022Get 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClientHub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Full Transcript Available Upon Request: info@cloudaccountingpodcast.com

Meet Our Guest:Cameka SmithLinkedIn: https://www.linkedin.com/in/camekasmith/ Learn more about The Boss NetworkWebsite: https://www.thebossnetwork.org/ Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe 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! 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 necessitiesTeePublic Store: http://cloudacctpod.link/merch SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcast Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd   Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

Meet Our Guests: Aaron Harris, Global CTO at SageWebsite: https://www.sageintacct.com/leadership/aaron-harrisLinkedIn: https://www.linkedin.com/in/aaron-harris-7407b2/ Walid Abu-Hadba, Chief Product and Development Officer at SageLinkedIn: https://www.linkedin.com/in/walida/ Steve HareLinkedIn: https://www.linkedin.com/in/steve-hare/Twitter: https://www.twitter.com/stevehare Learn more about SageWebsite: https://www.sage.com/en-us/Website: https://www.sageintacct.com/ Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe 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! 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 necessitiesTeePublic Store: http://cloudacctpod.link/merch SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcast Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd  Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

SponsorsLiveFlow - https://cloudaccountingpodcast.promo/liveflowZoho - https://cloudaccountingpodcast.promo/zohoNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow Notes7:30 – Larry Lonero - What happened to Southwest Airlines?https://m.facebook.com/story.php?story_fbid=pfbid0yKYoWfoFnjNZcCBP4fz1M6nSEiaW2CqKE2E5ZGCWEHRqPretS3LVvWfqsZMkjvwml&id=1315600950&mibextid=qC1gEa 17:00 – Why So Many Accountants Are Quittinghttps://www.wsj.com/articles/why-so-many-accountants-are-quitting-11672236016 25:00 – What's the Lowest Pay US Workers Would Accept for a New Job? Almost $74,000 – Bloomberghttps://trib.al/P7ACxdI 30:00 – FW: Promoting and Growing the CPA Profession TogetherGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Full Transcript Available Upon Request: info@cloudaccountingpodcast.com

SponsorsLiveFlow - https://cloudaccountingpodcast.promo/liveflowZoho - https://cloudaccountingpodcast.promo/zohoNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe Show NotesBuy Ron's book, "Time's Up!: The Subscription Business Model for Professional Firms": https://a.co/d/afwLczp14:27 – FTX US auditor Armanino defends work for failed crypto exchangehttps://www.ft.com/content/42087255-92ad-45b7-b5ad-3b8457e0c1f8Get 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsRightTool for QuickBooks Online - https://righttool.appWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

SponsorsZoho - https://cloudaccountingpodcast.promo/zohoLiscio - https://cloudaccountingpodcast.promo/liscioCanopy - https://cloudaccountingpodcast.promo/canopyNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow Notes14:24 – Accountant that vetted Binance's reserves halts all crypto work | Accounting Todayhttps://www.accountingtoday.com/articles/accountant-that-vetted-binances-reserves-halts-all-crypto-work 15:00 – Auditor Mazars Pauses All Work For Binance, Other Crypto Clientshttps://www.investopedia.com/mazars-suspends-crypto-clients-6931106 Binance says the accounting firm it used to verify its reserves has paused all work for crypto clientshttps://www.wsj.com/articles/binance-says-accounting-firm-pauses-work-for-its-crypto-clients-11671200654 Binance Shows 'Proof' It Has All Your Bitcoin — Critics Aren't Sold – Blockworkshttps://blockworks.co/news/binance-shows-proof-it-has-all-your-bitcoin-critics-arent-sold Twitter: What’s going on with Binance?https://twitter.com/grdecter/status/1603786519445135360?s=12&t=sLzsirYQevPrZ7y6qVSYBw 21:30 – Tether has increasingly been lending its own coins, adding risks to the stablecoin that is an important cog in the crypto systemhttps://www.wsj.com/articles/rising-tether-loans-add-risk-to-stablecoin-crypto-world-11669875590 36:39 – Intuit announces enhancements to tax productshttps://www.accountingtoday.com/news/intuit-tax-advisor-boosted-with-bevy-of-new-features 40:50 – Wayne Chang on LinkedIn: What an *incredible* last 5 years!https://www.linkedin.com/posts/waynechang_what-an-incredible-last-5-years-activity-7008861925388275712-330c?utm_source=share&utm_medium=member_ios 42:53 – Xero establishes a technology base in India | Xero Bloghttps://www.xero.com/blog/2022/11/xero-establishes-technology-base-in-india/ 45:27 – U.S. banks including JPMorgan Chase are creating a plan to refund victims of scams on the Zelle payment networkhttps://www.wsj.com/articles/jpmorgan-other-banks-in-talks-to-reimburse-scammed-zelle-customers-11669608886 45:55 – Build connections in Microsoft Teams with Games for Work, a new Microsoft Teams app| Microsoft 365 Bloghttps://www.microsoft.com/en-us/microsoft-365/blog/2022/11/16/build-connections-with-games-for-work-a-new-microsoft-teams-app/ 50:53 – Voicemail from Kate Johnson, re: education – Thank you! 54:56 – Crypto.com proof of reserve agreed upon procedureshttps://mail.google.com/mail/u/0/#inbox/FMfcgzGrbRZxbsrFFpflZqfdGLCtwTTl 56:20 – Luke Templin purchased FinDaily.io from Jason StaatsGet 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsRightTool for QuickBooks Online - https://righttool.appWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

SponsorsOnPay - https://cloudaccountingpodcast.promo/onpayCanopy - https://cloudaccountingpodcast.promo/canopyFreshBooks - https://cloudaccountingpodcast.promo/freshbooksNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeWatch More Highlights from QuickBooks Connect 2022 here: https://youtube.com/playlist?list=PLumDOwSc4oNqbL8OmegkyuFiyIK8KgerZShow Notes6:11 – Blake Oliver on Twitter: "3 things I learned at #qbconnecthttps://twitter.com/BlakeTOliver/status/1601675538656919552 20:10 – Intuit QuickBooks' Latest Innovations to Help Support and Drive Business Successhttps://www.intuitiveaccountant.com/accounting-tech/vendor-news/intuit-quickbooks-latest-innovations-to-help-support-and-dri/ 22:27 – Intuit rolls out new features for QuickBooks Online Accountanthttps://news.google.com/__i/rss/rd/articles/CBMiY2h0dHBzOi8vd3d3LmFjY291bnRpbmd0b2RheS5jb20vbmV3cy9pbnR1aXQtcm9sbHMtb3V0LW5ldy1mZWF0dXJlcy1mb3ItcXVpY2tib29rcy1vbmxpbmUtYWNjb3VudGFudNIBAA?oc=5 36:00 – 3000+ Accounting Pros Attend Live QB Connect Conference in Vegas: Intuit Announces Big New Featureshttps://www.cpapracticeadvisor.com/2022/12/08/intuit-announces-new-tech-at-qbc-conference/74149/ 52:55 – Congressional report: Scottsdale startup facilitated ‘massive’ amounts of pandemic-related fraudhttps://www.azfamily.com/2022/12/02/congressional-report-scottsdale-startup-facilitated-massive-amounts-pandemic-related-fraud/ 58:01 – Uplinq Raises $5.6M in Seed Fundinghttps://www.finsmes.com/2022/12/uplinq-raises-5-6m-in-seed-funding.html 1:03:18 – AICPA offers $1M in scholarships for 2023https://news.google.com/__i/rss/rd/articles/CBMiTWh0dHBzOi8vd3d3LmFjY291bnRpbmd0b2RheS5jb20vbmV3cy9haWNwYS1vZmZlcnMtMW0taW4tc2Nob2xhcnNoaXBzLWZvci0yMDIz0gEA?oc=5 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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsRightTool for QuickBooks Online - https://righttool.appuCollect - https://ucollect.biz/capWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Full Transcript Available Upon Request - info@cloudaccountingpodcast.com