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By Blake Oliver & David Leary
4.6
249249 ratings
The podcast currently has 506 episodes available.
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.
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Show Notes
Coming soon!
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Thanks 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.
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Transcripts
The 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.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Suralink - http://accountingpodcast.promo/suralink
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Show Notes
How Trump Won the Economy-is-Everything Election
https://www.livemint.com/politics/news/how-trump-won-the-economy-is-everything-election-11730973573508.html
How 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-ai
Actions Were Not Taken to Timely Strengthen Practitioner Priority Service Telephone Line Authentication Controls
https://www.tigta.gov/sites/default/files/reports/2024-10/2025ier001fr.pdf
Fraudsters get $47 million from practitioner priority service line scheme
https://www.journalofaccountancy.com/news/2024/nov/fraudsters-get-47-million-from-practitioner-priority-service-line-scheme
Freddie Freeman on World Series MVP, Ohtani Media Mayhem and His Surprising Backup Career | Ep 109
https://www.youtube.com/watch?v=ZimDH_hW7LU
PCAOB board member complains of persecution by senators
https://www.accountingtoday.com/news/pcaob-board-member-complains-of-persecution-by-senators
AICPA to Congress: Delay needed in BOI reporting deadline
https://www.thetaxadviser.com/news/2024/nov/aicpa-to-congress-delay-needed-in-boi-reporting-deadline
New Development Re: BOI Reporting – 44 Congressmen Seek to Delay FinCEN Beneficial Ownership Reporting
https://gpwcpas.com/new-development-re-boi-reporting-44-congressmen-seek-to-delay-fincen-beneficial-ownership-reporting/
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Transcripts
The 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.
Sponsors
LiveFlow - http://accountingpodcast.promo/liveflow
Relay - http://accountingpodcast.promo/relay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Show Notes
EY 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.html
Intuit Connect 2024: Sasan Goodarzi on AI & the Future of Accounting
https://www.youtube.com/watch?v=1xzKztkuhRY
Introducing computer use, a new Claude 3.5 Sonnet, and Claude 3.5 Haiku
https://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 effort
https://www.nbcnews.com/politics/2024-election/elon-musks-high-stakes-trump-door-knocking-effort-america-pac-rcna176255
BDO must face AmTrust investors' fraud case after US appeals court backtracks
https://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 Challenge
https://www.wsj.com/tech/online-ad-market-google-tiktok-9599d7e8
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Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
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TeePublic Store: http://cloudacctpod.link/merch
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Transcripts
The 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.
Sponsors
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Zoho - http://accountingpodcast.promo/zoho
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Show Notes
Exposure 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 Licensure
https://www.dca.ca.gov/cba/applicants/ed-requirements.shtml
EY Got Rid of Staff Who Took Multiple CPE Courses at the Same Time
https://www.cpapracticeadvisor.com/2024/10/23/ey-got-rid-of-staff-who-took-multiple-web-training-course-at-once/112128/
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Thanks 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.
Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
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Transcripts
The 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.
Sponsors
LiveFlow - http://accountingpodcast.promo/liveflow
Zoho - http://accountingpodcast.promo/zoho
Practice Protect - http://accountingpodcast.promo/protect
Show Notes
Do immigrants really take jobs and lower wages?
https://www.npr.org/2024/06/28/1197959366/immigration-economics-mariel-boatlift
Escalating Cyber Threats Demand Stronger Global Defense and Cooperation
https://blogs.microsoft.com/on-the-issues/2024/10/15/escalating-cyber-threats-demand-stronger-global-defense-and-cooperation/
American productivity still leads the world
https://www.economist.com/special-report/2024/10/14/american-productivity-still-leads-the-world
Public sector talent shortage: Unique challenges require unique solutions
https://www.journalofaccountancy.com/news/2024/oct/public-sector-accounting-challenges.html
Intuit asked us to delete part of this Decoder episode
https://www.theverge.com/2024/10/21/24273820/intuit-ceo-sasan-goodarzi-turbotax-irs-quickbooks-ai-software-decoder-interview
Buffett'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--EQHbm5iLN4LTvbgNW29W
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Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch
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Transcripts
The 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.
Sponsors
LiveFlow - http://accountingpodcast.promo/liveflow
Ignition - http://accountingpodcast.promo/ignition
Mercury - http://accountingpodcast.promo/mercury
Show Notes
TurboTax ‘Breakup’ Ad Draws Ire From Tax Pro Org
https://tax.thomsonreuters.com/news/turbotax-breakup-ad-draws-ire-from-tax-pro-org/
Deloitte takes fire from Trump-Vance allies over leaked employee messages
https://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 Shortage
https://tax.thomsonreuters.com/news/kpmg-supports-alternative-cpa-paths-to-address-accountant-shortage
SEC Drops Auditor Misconduct Cases After In-House Judges Ruling
https://news.bloombergtax.com/financial-accounting/sec-drops-auditor-misconduct-cases-after-in-house-judges-ruling
Fat Joe Suing Accountants Over Fraud Activity
https://www.bet.com/article/dh3bcc/fat-joe-suing-accountants-over-fraud-activity
Numeric grabs $28M Series A to automate accounting using AI
https://techcrunch.com/2024/10/10/numeric-grabs-28m-series-a-for-automating-accounting-with-ai/
Ex-Tingo Auditor Aided, Concealed ‘Massive Fraud,’ SEC Claims
https://news.bloombergtax.com/financial-accounting/ex-tingo-auditor-aided-concealed-massive-fraud-sec-claims
Fat Joe On Getting Robbed By Accountants, Using The N-Word, BET Hip Hop Awards + More
https://www.youtube.com/watch?v=xL3RV6SHY4E
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Thanks 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.
Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch
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Transcripts
The 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/relay
Ignition - http://accountingpodcast.promo/ignition
Mercury - http://accountingpodcast.promo/mercury
Show Notes
OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia
https://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 success
https://www.goldmansachs.com/insights/goldman-sachs-talks/joe-kudla
FreshBooks lays off 140
https://www.accountingtoday.com/news/freshbooks-lays-off-140-staff-cites-challenging-18-months
SEC Charges Olayinka Oyebola and His Accounting Firm With Aiding and Abetting Massive Fraud
https://www.sec.gov/newsroom/press-releases/2024-157
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Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch
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Transcripts
The 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.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Ignition - http://accountingpodcast.promo/ignition
WorkflowCon - http://accountingpodcast.promo/workflowcon
interVal - http://accountingpodcast.promo/interval
Show Notes
TurboTax 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 Guidance
https://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 2024
https://karbonhq.com/resources/state-of-ai-accounting-report-2024/
AICPA, NASBA propose a new pathway to CPA licensure
https://www.journalofaccountancy.com/news/2024/sep/cpa-competency-based-licensure-pathway.html
AICPA and NASBA Propose Changes to the Uniform Accountancy Act
https://www.masscpas.org/news/f339a29a-f278-4bc3-bf30-b1e10d198ca2:aicpa-and-nasba-propose-changes-to-the-uniform-accountancy-act
The Hazards of Redefining Mobility
https://nasba.org/blog/2024/09/19/the-hazards-of-redefining-mobility/
How Accounting Firms Can Overcome the Profit Plateau
https://www.accountingtoday.com/opinion/how-accounting-firms-can-overcome-the-profit-plateau
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Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.
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
Classifieds
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Transcripts
The 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 Lennon
LinkedIn: https://www.linkedin.com/in/natalielennon/
TikTok: https://www.tiktok.com/@natlenno
Learn more about Two Sides Accounting
Website: https://www.twosides.com.au/
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Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.
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
Classifieds
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Transcripts
The 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.
Sponsors
Zoho - http://accountingpodcast.promo/zoho
Relay - http://accountingpodcast.promo/relay
SafeSend - http://accountingpodcast.promo/safesend
interVal - http://accountingpodcast.promo/interval
Show Notes
How Remote Work Is Impacting Accounting Firms
https://cpatrendlines.com/2024/09/22/how-remote-work-is-impacting-accounting-firms/
2024 KPMG U.S. CEO Outlook Pulse Survey
https://kpmg.com/us/en/articles/2024/kpmg-2024-ceo-outlook-pulse-survey.html
Amazon tells employees to return to office five days a week
https://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 say
https://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 Video
https://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 Requirements
https://www.sec.gov/newsroom/press-releases/2024-133
Beneficial Ownership Reporting Outreach and Education Toolkit
https://www.fincen.gov/boi/toolkit
BOI requirements roll along despite concerns about too little outreach
https://www.journalofaccountancy.com/news/2024/aug/boi-reporting-requirements.html
Property Fraud Allegations Snowball as Commercial Real Estate Values Fall
https://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 2026
https://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 Estate
https://www.wsj.com/finance/banking/commercial-property-loans-real-estate-banks-249a43b9
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