The Accounting Podcast

The Accounting Podcast

By Blake Oliver & David LearyNewsNews CommentaryBusiness News
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The Accounting Podcast episodes

  • CPA Crisis: NASBA CEO Ken Bishop On The 150-Hour Rule & Accounting Talent Crisis

    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 Bishop
    LinkedIn: https://www.linkedin.com/in/ken-l-bishop-5a142414/

    Learn more about NASBA
    Website: http://nasba.org

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    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

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

    Subscribe

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    • YouTube: https://www.youtube.com/c/CloudAccountingPodcast


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    57 min
  • Silicon Valley Bank FAIL With Paul Barnhurst, The FP&A Guy

    Guest: Paul Barnhurst, The FP&A Guy; Corporate frauds go undetected; Xero lays off 800; IRS process had a 20X improvement, and more!

    Sponsors

    OnPay - https://cloudaccountingpodcast.promo/onpay
    Relay - https://cloudaccountingpodcast.promo/relay
    Client Hub - https://cloudaccountingpodcast.promo/clienthub



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    • (00:00) - E323
  • (00:04) - State regulators shut down Silicon Valley Bank
  • (00:33) - Introduction and some thoughts on their Ken Bishop interview
  • (04:14) - Some background on Paul
  • (09:10) - Silicon Valley Bank is in trouble
  • (12:03) - How banks work and make money
  • (15:08) - Blake shares a tweet from a listener
  • (16:22) - Almost all corporate fraud goes undetected
  • (21:39) - News breaks that SVB has been shut down
  • (26:01) - Fireball sued for whiskey fraud
  • (27:53) - Ramp raises $5 million to build expense tracking
  • (34:12) - ChatGPT used to recover over $100k in unpaid invoices
  • (38:55) - FinTech failures and Xero's layoffs
  • (43:13) - Startup CFO used Chat GPT to create FP&A tool
  • (48:25) - Which GL will embed AI first?
  • (51:08) - Randomly assigning auditors to companies improves their quality
  • (53:42) - The IRS has already scanned 20 times more documents than all of 2022
  • (54:59) - New commissioner of IRS approved
  • (55:30) - Wrap up and where to reach everyone

  • Show Notes

    Xero to lay off up to 800 staff as tech downturn spreads to accounting

    https://www.accountingweb.co.uk/tech/accounting-software/xero-to-lay-off-up-to-800-staff-as-tech-downturn-spreads-to-accounting

     

    IRS expands digital processing

    https://www.accountingtoday.com/news/irs-expands-digital-processing

     

    Senate approves Werfel as IRS chief

    https://www.accountingtoday.com/news/senate-approves-werfel-as-irs-chief

     

    Reshaping Xero to enable disciplined growth and focus

    https://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 Platform

    https://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-study

    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/
    RightTool for QuickBooks Online - https://righttool.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...

    59 min
  • Silicon Valley Bank Collapse: Understanding The Impact On Your Firm & Clients

    Bank Collapse App Information:
    https://bankcollapseapp.info/

    Meet Our Guests:

    Matthew May
    LinkedIn: https://www.linkedin.com/in/thetechcpa/
    Twitter: @TheTechCpa
    Website: Acuity.co

    Mike Moïse
    LinkedIn: https://www.linkedin.com/in/mikemoise/
    Twitter: @mavidormike
    Website: https://www.leadwithvalue.team/

    Rey Arellano, CPA PFS CGMA
    LinkedIn: https://www.linkedin.com/in/reynaldoarellano/

    Akshay Shrimanker
    LinkedIn: https://www.linkedin.com/in/shaycpa/
    Twitter: @ShayCPA
    Website: Shaycpa.com

    Need CPE? 

    Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com
    Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe

    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


    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 - [email protected]

    57 min
  • Catching Up On AccounTech News

    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 AICPA

    Sponsors

    Tri-Merit - https://cloudaccountingpodcast.promo/trimerit
    LiveFlow - https://cloudaccountingpodcast.promo/liveflow
    Patriot - https://cloudaccountingpodcast.promo/patriot



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    • (00:00) - Catching Up On AccounTech News
  • (00:31) - Introduction and why we are doing this extra episode
  • (01:26) - Voice authentication in the banking industry
  • (04:29) - ESG update from David
  • (13:46) - Deloitte's Australia becomes a victim of fraud
  • (16:29) - Armanino crypto team has now started a new firm
  • (17:33) - CAAS by the numbers
  • (26:24) - Why switching from QuickBooks to Xero or vice versa is so difficult
  • (30:22) - Accounting conferences entry fees excludes average CPA from going
  • (36:28) - Listener mail on pricing
  • (41:23) - QuickBooks POS system is partnering with Shopify
  • (45:14) - AICPA and CPA.com new startup accelerator cohort
  • (48:54) - Intuit cohort of startups
  • (51:26) - Revolut struggles
  • (57:54) - How to contact Blake or David
  •  

    Show Notes

    Revolut 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 Touch

    Thanks for listening and for the great reviews! We appreciate you! Follow and ...

    1 hr 1 min
  • Bridging the Skills Gap for New Accounting Graduates

    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 risk

    Sponsors

    Uncat - https://cloudaccountingpodcast.promo/uncat
    LiveFlow - https://cloudaccountingpodcast.promo/liveflow
    First Republic Bank - https://cloudaccountingpodcast.promo/firstrepublic 



    Need CPE? 

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    Get 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
  • (00:49) - Josh McGowan joins the show
  • (02:08) - Why should a student choose to be an accounting major
  • (09:16) - How is accounting enrollment trending at your University?
  • (12:06) - David asks Josh survey questions from a CPA Journal article
  • (23:20) - How do we fix the work/life balance image of bigger firms
  • (25:52) - Josh tell us your personal accounting journey
  • (34:24) - Blake shares some listener mail
  • (39:05) - Are students with accounting exposure in high school better prepared for college accounting classes?
  • (40:23) - Lets talk about the 150 hour rule with Josh
  • (54:16) - Is the branding of the accounting profession the bigger problem?
  • (01:05:04) - What if we change the 150 requirement and still have a pipeline issue?
  • (01:09:21) - Should accountants even need a bachelor's degree?
  • (01:18:36) - Wrap up and where to find Josh online
  • Show Notes

    The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

    https://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 Firm

    https://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.html

    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
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    • 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/
    RightTool for QuickBooks Online - https://righttool.app
    Future 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: [email protected]

    1 hr 22 min
  • China Tells State Firms To Drop Big Four Auditors

    IRS stuck on 1970's technology; Twitter poll says change back to 120 hours; Photos prove accounting thought leaders met; Intuit's 2023 Q2 Results

    Sponsors

    Relay - https://cloudaccountingpodcast.promo/relay
    Zoho - https://cloudaccountingpodcast.promo/zoho
    Client Hub - https://cloudaccountingpodcast.promo/clienthub



    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) - China Tells State Firms to Drop Big Four
  • (00:04) - Preview: "The IRS is broken"
  • (00:48) - Blake and David recap the CPA Educators Conference
  • (08:06) - Some quick listener feedback and Blake interviewed a guest earlier in the week
  • (10:23) - China is telling firms to drop their Big 4 auditors
  • (14:09) - Some updates from Intuit's latest earnings report
  • (19:06) - Blake gives live Chat GPT demo on email responses
  • (22:41) - Vanderbilt University is getting criticized for using Chat GPT to write sympathy email to Michigan State
  • (24:04) - The IRS is using 60 year old technology and won't upgrade it
  • (29:04) - Open Secrets article on Intuit's lobbying money
  • (31:21) - Blake checks in on some live viewer chat
  • (33:07) - The Big 4 and their purpose statements
  • (36:03) - Interview with Jimmy Corley and the 150 hour rule
  • (50:52) - Blake shares a poll from Twitter on 150 hour requirement
  • (52:35) - Criticism on CPA Practice Advisors photo op and article on future of profession
  • (54:56) - Join us next week and where to reach Blake and David

  • Show Notes

    Opinion | Badly outdated technology plagues the IRS - The Washington Post

    https://www.washingtonpost.com/opinions/2023/02/22/outdated-technology-irs/

     

    China urges state firms to drop Big Four auditors on data risk | Accounting Today

    https://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=ETTs0WOvobuoMmjCN8GztQ

    What You Should Know About Changing the 150 Hour Rule Before You Debate For or Against It

    https://www.goingconcern.com/150-hour-rule-changes-issues/

     

    Accounting Thought Leaders Discuss Future of the Profession, Advisory Services, and Tax

    https://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 technology

    https://www.washingtonpost.com/opinions/2023/02/22/outdated-technology-irs/

     

    Intuit's (INTU) Q2 Earnings and Revenues Beat Estimates

    https://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 Guidance

    http://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 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:
    57 min
  • NASBA Says No Way To Lower 150-Hour Rule

    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!

    Sponsors
    SuiteFiles - https://cloudaccountingpodcast.promo/suitefiles
    LiveFlow - https://cloudaccountingpodcast.promo/liveflow
    Anchor - https://cloudaccountingpodcast.promo/anchor

    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) - 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 Notes

    The 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 Concern

    https://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 Advisor

    https://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 Accountancy

    https://www.journalofaccountancy.com/news/2023/feb/nasba-upholds-150-hour-education-requirement-for-cpa-licensure.html

     

    CFOs Vow to Boost Tech Influence in 2023

    https://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 B

    https://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 accounting

    https://azbigmedia.com/business/eller-college-scholarship-aims-to-promote-diversity-in-accounting/

     

    KPMG becomes first Big Four accounting firm to cut staff in US: Report

    https://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 department

    https://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-jobs


    Get in Touch

    Thanks for listening and for ...

    1 hr 16 min
  • AICPA's 8-Point Plan To Fix The Accounting Pipeline Problem

    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 project

    Sponsors
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    • (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 Notes

    How 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 Time

    https://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 B

    https://www.startupdaily.net/topic/funding/self-employed-bookkeeping-platform-hnry-books-35-million-series-b/

     

    McDonalds Presidents Says California FAST Act Will Kill Restaurants

    https://smallbiztrends.com/2023/01/mcdonalds-presidents-says-california-fast-act-will-hurt-small-business.html

     

    New York Requires Disclosure in Small Businesses Financing

    https://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 Comparison

    https://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 Financing

    https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202302011

     

    Crypto’s One-Time Favorite Bank Faces Federal Probe Into FTX Relationship

    https://www.pymnts.com/cryptocurrency/2023/cryptos-one-time-favorite-bank-faces-federal-probe-into-ftx-relationship/

     

    US Bank launches automated direct deposit switching

    https://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/

    1 hr 3 min
  • How Intuit is Going to Save Accounting

    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!

    Sponsors
    Relay - https://cloudaccountingpodcast.promo/relay
    LiveFlow - https://cloudaccountingpodcast.promo/liveflow
    Client Hub- https://cloudaccountingpodcast.promo/clienthub

    Need CPE? 

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    Get 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 Notes

    Celsius Was Using QuickBooks for Its Accounting—Just Like FTX – Decrypt

    https://decrypt.co/120284/celsius-quickbooks-accounting-ftx

    Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible

    https://coingeek.com/celsius-tosses-scraps-to-victims-alex-mashinsky-thought-himself-infallible/

     

    Celsius Network: Final report from the examiner — lies, incompetence and Ponzi schemes

    https://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 Filing

    https://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 AI

    https://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 FAQ

    https://quickbooksconnect.com/faq/



    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

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    Classifieds
    Client Hub - https://clienthub.app/
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    1 hr 10 min
  • Remote Work Accountants Are More Billable

    Recession needed to increase accounting grads; Amber Setter on improving the CPA pipeline; 2023 tax season officially starts; tech layoffs hit accounting tech

    Sponsors
    Keeper - https://cloudaccountingpodcast.promo/keeper
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    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) - 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 Notes

    New Xero data sees US small business sales slow as consumer spending tightens

    https://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 Accounting

    https://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% Growth

    https://www.cpapracticeadvisor.com/2023/01/24/accounting-software-maker-iris-sees-30-growth/76127/

     

    IRS clarifies crypto question on tax form

    https://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 War

    https://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 2023

    https://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 season

    https://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 Owners

    https://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

    1 hr 7 min

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The most authoritative voice in accounting news. Every week, Blake Oliver and David Leary break down the stories reshaping the profession — AI, the Big Four, firm M&A, audit failures, and the…

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