The Accounting Podcast

Heat Is On SVB Auditors & Hot Takes From A Tax Lawyer (Guest: Matt Foreman)


Listen Later

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 drop

Sponsors

Softledger - https://cloudaccountingpodcast.promo/softledger
LiveFlow - https://www.cloudaccountingpodcast.promo/liveflow
Keeper - https://www.cloudaccountingpodcast.promo/keeper



Need CPE? 

Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com
Get 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 Notes

    10 most-installed Zoho CRM extensions of 2022 

    https://www.zoho.com/blog/marketplace/10-most-installed-Zoho-CRM-extensions-of-2022.html

    SVB 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 Touch

    Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040

    Need Accounting Conference Info? 

    Check out our new website - accountingconferences.com

    Limited edition shirts, stickers, and other necessities

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

    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • Podchaser: http://cloudacctpod.link/podchaser
    • Spotify: http://cloudacctpod.link/Spotify
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast
    • YouTube: https://www.youtube.com/c/CloudAccountingPodcast

    Classifieds

    Client 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

    ...more
    View all episodesView all episodes
    Download on the App Store

    The Accounting PodcastBy Blake Oliver & David Leary

    • 4.4
    • 4.4
    • 4.4
    • 4.4
    • 4.4

    4.4

    316 ratings


    More shows like The Accounting Podcast

    View all
    Accounting Best Practices with Steve Bragg by Steve Bragg

    Accounting Best Practices with Steve Bragg

    251 Listeners

    WSJ Your Money Briefing by The Wall Street Journal

    WSJ Your Money Briefing

    1,739 Listeners

    Journal of Accountancy Podcast by AICPA & CIMA

    Journal of Accountancy Podcast

    77 Listeners

    PwC's accounting podcast by PwC

    PwC's accounting podcast

    177 Listeners

    Accounting Today Podcast by Accounting Today

    Accounting Today Podcast

    73 Listeners

    Bold Names by The Wall Street Journal

    Bold Names

    1,455 Listeners

    Talking Tax by Bloomberg Tax

    Talking Tax

    109 Listeners

    Small Business Tax Savings Podcast by Mike Jesowshek, CPA

    Small Business Tax Savings Podcast

    249 Listeners

    Future Firm Accounting Podcast by Ryan Lazanis

    Future Firm Accounting Podcast

    29 Listeners

    The Unique CPA by Randy Crabtree, CPA

    The Unique CPA

    22 Listeners

    Earmark Podcast | Earn Free Accounting CPE by Blake Oliver, CPA

    Earmark Podcast | Earn Free Accounting CPE

    25 Listeners

    Oh My Fraud by Caleb Newquist

    Oh My Fraud

    124 Listeners

    Federal Tax Updates by Roger Harris, EA and Annie Schwab, CPA

    Federal Tax Updates

    29 Listeners

    Jason On Firms Podcast by Jason Staats

    Jason On Firms Podcast

    40 Listeners

    Unofficial QuickBooks Accountants Podcast by Alicia Katz Pollock, MAT

    Unofficial QuickBooks Accountants Podcast

    42 Listeners