The Accounting Podcast

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Show Notes

1:46 – 🚀Big news from David Leary and Blake Oliver! 🚀

https://www.linkedin.com/pulse/big-news-from-david-leary-blake-oliver-david-leary-/

2:14 – Dotcom Pioneer AccountingWEB Shuts Down - CPA Trendlines

https://cpatrendlines.com/2022/08/18/dotcom-pioneer-accountingweb-shuts-down/

3:43 – Sift to Close AccountingWEB US Division

https://www.sift.co.uk/blog/sift-closes-accountingweb-us/

5:58 – IRS issues immediate guidance for EV credits under Inflation Reduction Act

https://www.accountingtoday.com/opinion/irs-issues-immediate-guidance-for-ev-credits-under-inflation-reduction-act

7:24 – Yellen sets six-month timeline for IRS plan to target tax cheats | Accounting Today

https://www.accountingtoday.com/articles/yellen-sets-six-month-timeline-for-irs-plan-to-target-tax-cheats

Yellen: These are the 4 priorities for the $80 billion in IRS funding

https://www.cnbc.com/2022/08/18/yellen-these-are-the-4-priorities-for-the-80-billion-in-irs-funding.html

IRS Funding: Inflation Reduction Act IRS Tax Enforcement Provisions

https://taxfoundation.org/inflation-reduction-act-irs-funding/

11:21 – Inflation Reduction Act potentially doubles R&D tax credit | Accounting Today

https://www.accountingtoday.com/news/inflation-reduction-act-potentially-doubles-r-d-tax-credit

15:00 – Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud

https://www.nytimes.com/2022/08/16/business/economy/covid-pandemic-fraud.html

COVID Fraud Could Hit $163B, Experts Say

https://www.pymnts.com/news/security-and-risk/2022/covid-fraud-could-hit-163b-experts-say/

Bills extend statute of limitation for prosecuting PPP, EIDL fraud - Journal of Accountancy

https://www.journalofaccountancy.com/news/2022/aug/bills-extend-statute-limitation-prosecuting-ppp-eidl-fraud.html

18:06 – A Plethora of Pandemic PPP Fraud – Oh My Fraud

https://ohmyfraud.com/episodes/ppp-placeholder

19:28 – Trump Organization, CFO tax-fraud trial to begin Oct. 24 | Accounting Today

https://www.accountingtoday.com/articles/trump-organization-cfo-tax-fraud-trial-to-begin-oct-24

Ex-finance chief of the Trump Organization Allen Weisselberg pleads guilty to tax crimes

https://www.wsj.com/articles/former-trump-organization-finance-chief-pleads-guilty-to-tax-crimes-11660834259

23:32 – Tether said it switched the accounting firm that signs off on its attestation reports to BDO Italia

https://www.wsj.com/articles/biggest-stablecoin-issuer-tether-switches-accounting-firm-to-bdo-italia-11660795062

Bankrupt Crypto Brokerage Voyager Ordered to Cease False Promises About U.S. Banking Insurance – WSJ

https://www.wsj.com/articles/bankrupt-crypto-brokerage-voyager-ordered-to-cease-false-promises-about-u-s-banking-insurance-11659044094

Voyager customers beg New York judge for money back after bankruptcy

https://www.cnbc.com/amp/2022/08/15/voyager-customers-beg-new-york-judge-for-money-back-after-bankruptcy.html

32:41 – Revenue from crypto scams down 65%, crypto hacks up 58% | Accounting Today

https://www.accountingtoday.com/news/revenue-from-crypto-scams-down-65-crypto-hacks-up-58

34:21 – IRS expands crypto question on draft version of 1040 | Accounting Today

https://www.accountingtoday.com/news/irs-expands-crypto-question-on-draft-version-of-1040

36:51 – TikTok: Mid range-entry level pay bands for Deloitte

https://www.tiktok.com/t/ZTRyYgTKT/

40:47 – Request Finance Introduces ‘Salaries’ Feature to Automate Crypto Payroll

https://ffnews.com/newsarticle/request-finance-introduces-salaries-feature-to-automate-crypto-payroll/

44:41 – Latest product news — August 2022 | Xero Blog

https://www.xero.com/blog/2022/08/product-news-august-2022/

48:16 – Sage Launches Canadian Sage Payroll Version

https://www.intuitiveaccountant.com/in-the-news/people-and-business/sage-launches-canadian-sage-payroll-version/

Sage acquires accounting software provider Lockstep | Accounting Today

https://www.accountingtoday.com/news/sage-acquires-accounting-software-provider-lockstep

Sage to acquire Lockstep

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Show Notes

2:25 – davidleary on Twitter: "How come @amazon can do this with a $20 picture frame ...but @Ford can't do it with a $50k automobile? How do you lose a Mustang #MachE?!?!!?!? I find it hard to believe that a company puts millions $$$ of automobiles on train cars ...and can't track them. cc @jimfarley98 https://t.co/YmHTXsbqlR"

https://twitter.com/davidleary/status/1558108425724108801

9:04 – How will the IRS use $80B in funding it could receive from the Inflation Reduction Act?

https://www.morningbrew.com/daily/stories/IRS-funding-80-billion-inflation-reduction-act

14:01 – Tax Compliance:Trends of IRS Audit Rates and Results for Individual Taxpayers by Income

https://www.gao.gov/products/gao-22-104960#:~:text=From%20tax%20years%202010%20to,0.9%20percent%20to%200.25%20percent.

22:10 – Twitter: What % of individual income tax returns should the IRS audit?

https://twitter.com/blaketoliver/status/1557876501789286400?s=12&t=QCA6FrS6BD8_eXrAlVoxMA

27:29 – IRS Deletes Job Posting Seeking Applicants Willing to ‘Use Deadly Force’ | National Review

https://www.nationalreview.com/news/irs-deletes-job-posting-seeking-applicants-willing-to-use-deadly-force/

29:26 – Tweet by Adam Markowitz

https://twitter.com/adammarkowitzea/status/1555548397389635587?s=12&t=XCaiAZbt78Tt-0fan9Qbzw

31:15 – Hyperbolic GOP claims about IRS agents and audits - The Washington Post

https://www.washingtonpost.com/politics/2022/08/11/hyperbolic-gop-claims-about-irs-agents-audits/

53:09 – Opinion | Inside the IRS ‘Pipeline’ used to process tax returns - Washington Post

https://www.washingtonpost.com/opinions/interactive/2022/irs-pipeline-tax-return-delays/

57:57 – AICPA demands IRS answer calls on 'plummeting' practitioner priority phone line

https://www.accountingtoday.com/news/aicpa-demands-irs-answer-calls-on-plummeting-practitioner-priority-phone-line

59:59 – AICPA weighs in on Inflation Reduction Act

https://www.accountingtoday.com/news/aicpa-weighs-in-on-inflation-reduction-act

Private-equity lobbyists have won their latest battle to preserve the carried-interest tax break.

https://www.wsj.com/articles/how-the-private-equity-lobby-wonagain-11659834467

1:03:59 – Avalara To Go Private With $8.4B Acquisition By Vista Equity

https://www.crn.com/news/applications-os/avalara-to-go-private-with-8-4b-acquisition-by-vista-equity

Avalara to be bought by private investment firm

https://www.accountingtoday.com/news/avalara-to-be-bought-by-private-investment-firm-vista

1:05:40 – Mailchimp Bans Crypto Companies Again

https://thedigitalsanctuary.org/mailchimp-bans-crypto-companies-again/

1:06:05 – Mark Cuban, Mavericks in hot water over Voyager 'Ponzi scheme'

https://techcrunch.com/2022/08/11/mark-cuban-mavericks-face-lawsuit-over-crypto-voyager-ponzi-scheme/

1:08:49 – Letter from Tom Herbert – Thank you!

1:10:00 – Message from Aileen Asche via CloudAccountingPodcast.com - [email protected] - Earmark Mail

https://mail.google.com/mail/u/0/#inbox/FMfcgzGqPpcnhlBpXnRkSWrVbWgxNFTq

1:11:58 – Message from Brian – Thank you!

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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Show Notes

03:41 – Firms big and small are facing a crisis. There's not enough accountants (CPAs) : The Indicator from Planet Money : NPR

https://www.npr.org/2022/08/04/1115790852/if-the-world-had-no-accountants

The Indicator from Planet Money : NPR

https://www.npr.org/2022/08/04/1115790852/if-the-world-had-no-accountants

The Indicator from Planet Money

https://pca.st/tLRP

06:03 – How to fix the leaky CPA pipeline

https://www.mncpa.org/resources/publications/footnote/august-september-2022/how-to-fix-the-leaky-cpa-pipeline/

17:04 – U.S. job growth seen slowing in July; but far from recession levels | Reuters

https://www.reuters.com/markets/us/us-job-growth-seen-slowing-july-far-recession-levels-2022-08-05/

Despite a drop in June, job openings remain well above the number of people unemployed but looking for work

https://www.wsj.com/articles/job-openings-hiring-economy-june-2022-11659388973

22:05 – DealBook: A tax loophole’s powerful defender

https://messaging-custom-newsletters.nytimes.com/template/oakv2?campaign_id=4&emc=edit_dk_20220805&instance_id=68516&nl=dealbook&productCode=DK®i_id=103928575&segment_id=100533&te=1&uri=nyt%3A%2F%2Fnewsletter%2Fc8714674-e316-52c1-bf11-83af763fd4a7&user_id=238a5e61c9e3ba1f8e99bcc06b505749

DealBook: The new power brokers on taxes

https://messaging-custom-newsletters.nytimes.com/template/oakv2?campaign_id=4&emc=edit_dk_20220804&instance_id=68424&nl=dealbook&productCode=DK®i_id=103928575&segment_id=100423&te=1&uri=nyt%3A%2F%2Fnewsletter%2F01624dbe-566d-5ac1-8a90-419f9a88508c&user_id=238a5e61c9e3ba1f8e99bcc06b505749

25:02 – Two SEC Commissioners Frown on Accounting Rules for ESG Issues

https://news.bloombergtax.com/financial-accounting/two-sec-commissioners-frown-on-accounting-rules-for-esg-issues

Comment on the Financial Accounting Foundation Draft Strategic Plan

https://www.sec.gov/news/statement/peirce-uyeda-statement-draft-financial-accounting-foundation-strategic-plan-072222

30:05 – Founder of My Big Coin Convicted of Fraud

https://www.pymnts.com/cryptocurrency/2022/founder-of-my-big-coin-convicted-of-fraud/

Titanium Blockchain CEO Pleads Guilty in $21M Crypto Fraud Case

https://www.pymnts.com/legal/2022/titanium-blockchain-ceo-pleads-guilty-in-21m-crypto-fraud-case/

SEC insider trading case against Coinbase holds larger implications

https://www.accountingtoday.com/news/sec-insider-trading-case-against-coinbase-holds-larger-jurisdictional-implications

Millions Drained in Solana Wallet Hack

https://www.pymnts.com/news/security-and-risk/2022/millions-drained-in-solana-wallet-hack/

Two settle with Securities and Exchange Commission over alleged $300 million cryptocurrency Ponzi scheme

https://www.accountingtoday.com/news/two-settle-with-securities-and-exchange-commission-over-alleged-300-million-cryptocurrency-ponzi-scheme

31:44 – Web3 network Helium claims rideshare company Lime is one of its biggest clients. Lime says that's not true. | Mashable

https://mashable.com/article/helium-lime-web3-crypto

35:58 – Hackers Force a $4B Question: Can DeFi Ever Be Safe?

https://www.pymnts.com/cryptocurrency/2022/hackers-force-a-4b-question-can-defi-ever-be-safe/

37:59 – Georgia residents can claim an embryo as a dependent on tax returns

https://twitter.com/thehill/status/1554491493569667073?s=12&t=vkja1dbRfIlSLC16YvOusg

39:34 – Tesla’s Bitcoin dump leaves accounting mystery in its wake | Accounting Today

https://www.accountingtoday.com/articles/teslas-bitcoin-dump-leaves-accounting-mystery-in-its-wake

Tesla Records $170 Million Impairment Charge on Bitcoin – WSJ

https://www.wsj.com/articles/tesla-records-170-million-impairment-charge-on-bitcoin-11658751201

40:50 – Ernst & Young Split Plan Held Up by Debt Issues – WSJ

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Meet Billy DeClercq

LinkedIn: https://www.linkedin.com/in/declercqwb
Website: https://declercq.law/about.php

Show Notes

The Invite: https://drive.google.com/file/d/11Jere06NPnSziLqGONdqflqQCov6a1In/view

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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Full Transcript Available Upon Request - [email protected]

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Show Notes

1:11 – Accountants are voted the best kissers in Britain ahead of doctors and nurses | Daily Mail Online

https://www.dailymail.co.uk/news/article-10953579/Accountants-voted-best-kissers-Britain-ahead-doctors-nurses.html

4:34 – How Will ESG Impact be Measured?

https://www.cfo.com/accounting-tax/disclosure/2022/07/esg-disclosures-impact-accounting-regulation/

8:19 – Tesla sells 75% of its bitcoin as profits slump due to production challenges

https://www.theguardian.com/technology/2022/jul/20/tesla-second-quarter-earnings-elon-musk

9:09 – FBI warns $42.7 million stolen via fake crypto trading apps

https://www.accountingtoday.com/news/fbi-warns-42-7-million-stolen-via-fake-crypto-trading-apps

11:14 – FASB Scraps Project on Goodwill Accounting, Disclosure – WSJ

https://www.wsj.com/amp/articles/fasb-scraps-project-on-goodwill-accounting-disclosure-11655317940

15:05 – Inflation Puts Spotlight on Companies’ Use of Last-In, First-Out Accounting – WSJ

https://www.wsj.com/articles/inflation-puts-spotlight-on-companies-use-of-last-in-first-out-accounting-11656322200?mod=pls_whats_news_us_business_f

19:07 – EY suffers payroll problem | Accounting Today

https://www.accountingtoday.com/news/ey-suffers-payroll-problem

21:16 – Is remote work effective: We finally have the data | McKinsey

https://www.mckinsey.com/industries/real-estate/our-insights/americans-are-embracing-flexible-work-and-they-want-more-of-it

92 million US workers now have the opportunity to work remotely: survey - The Verge

https://www.theverge.com/2022/6/28/23186112/us-flexible-remote-hybrid-work-survey-mckinsey

25:50 – Cherry Bekaert receives private equity funding from Parthenon Capital | Accounting Today

https://www.accountingtoday.com/news/cherry-bekaert-receives-private-equity-funding-from-parthenon-capital

26:37 – Two U.S. Attorneys are investigating Kabbage’s PPP lending | Miami Herald

https://www.miamiherald.com/news/local/crime/article263376788.html

31:47 – Xerocon London updates – Recorder

https://recorder.google.com/share/424be2ce-ba19-4fc6-8377-a6fd5b149552

Xero releases Xero Go app to provide basic accounting to small business owners, freelancers

https://www.accountingtoday.com/news/xero-releases-xero-go-app-to-provide-basic-accounting-to-small-business-owners-freelancers

Announcing Xero Go: Our new app for UK-based sole traders

https://www.xero.com/blog/2022/07/xero-go-for-uk-based-sole-traders/

38:02 – Xero reveals future of accounting

https://gadget.co.za/xero-reveals-future-of-accounting/

38:48 – Announcing Excel Live - Transform Microsoft Teams meetings with real-time collaboration - Microsoft Tech Community

https://techcommunity.microsoft.com/t5/microsoft-365-blog/announcing-excel-live-transform-microsoft-teams-meetings-with/ba-p/3573371

41:28 – Sage deepens Microsoft partnership and “unveils” Sage Active –

https://www.enterprisetimes.co.uk/2022/07/20/sage-deepens-microsoft-partnership-and-unveils-sage-active/

43:46 – Accountants: How to Manage Your Clients’ Chart of Accounts in FreshBooks | FreshBooks Blog

https://www.freshbooks.com/blog/manage-client-chart-of-accounts

47:16 – NetSuite rolls out new Smart Count solution plus improvements to Analytics Warehouse | Accounting Today

https://www.accountingtoday.com/news/netsuite-rolls-out-new-smart-count-solution-plus-improvements-to-analytics-warehouse

49:07 – Why did Intuit decide to stop offering QuickBooks in India?

https://www.mmcconvert.com/blog/intuit-stop-offering-quickbooks-in-india/

Discontinuation of QuickBooks in India

https://quickbooks.intuit.com/in/notice/

Zoho to hire 2,000 people, expand operations in India, abroad

https://economictimes.indiatimes.com/tech/startups/zoho-plans-to-hire-2000-workers-for-indian-and-global-expansion/articleshow/92940061.cms

52:06 – Voicemail from Donnie Shimamoto – Thank you!

Email from Keith – Thank you!

Get in Touch

Thanks for listening and for...

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Show Notes

1:06 – David Picture with Luca

https://twitter.com/davidleary/status/1546767184541761536/photo/1

8:30 – Celsius Owes $4.7 Billion to Users But Lacks the Money to Pay

https://gizmodo.com/celsius-bankrupt-billion-money-crypto-bitcoin-price-cel-1849181797

Crypto Lender Celsius Files for Chapter 11 Bankruptcy

https://www.pymnts.com/cryptocurrency/2022/crypto-lender-celsius-files-for-chapter-11-bankruptcy/

13:21 – Where in the world are the Three Arrows Capital founders? | Fortune

https://fortune.com/2022/07/13/three-arrows-capital-crypto-su-zhu-kyle-davies-location-dubai/

EU officials agreed on rules that would regulate the crypto market in the bloc, forcing platforms to seek authorization to operate and providing safeguards to users

https://www.wsj.com/articles/eu-sets-first-rules-to-regulate-cryptocurrencies-11656682089

18:01 – CFTC charges bitcoin firm for operating $1.7 billion crypto scam - Business Insider

https://stocks.apple.com/A6yX2Uny3TUeN1vZkMLF00Q

20:43 – Fintech execs convicted in US after $160 million sent to Nigeria

https://bankautomationnews.com/allposts/risk-security/fintech-execs-convicted-in-us-after-160-million-sent-to-nigeria/

Report Alleges Wirecard Forged Client Data to Obtain €900M SoftBank Investment

https://www.pymnts.com/news/security-and-risk/2022/report-alleges-wirecard-forged-client-data-to-obtain-e900m-softbank-investment/

23:57 – Bad lesson: Accounting professor at Drexel University charged with allegedly using creative bookkeeping to evade millions in taxes – MarketWatch

https://www.marketwatch.com/story/bad-lesson-accounting-professor-at-drexel-university-charged-with-allegedly-using-creative-bookkeeping-to-evade-millions-in-taxes-11652389459

27:37 – CPA Firms That Referred Clients to Alliantgroup Have Been Subpoenaed, Asked to Turn Over 11 Years of Client Data

https://www.goingconcern.com/alliantgroup-federal-grand-jury-subpoena/

Leann on Twitter: "I’m hearing that the IRS Criminal Investigation raid on alliantgroup allegedly has to do with the 179D racketeering lawsuits filed years ago. Pending confirmation. /14https://t.co/wTqKwk9JSa"

https://twitter.com/LAFinTexas/status/1527709177036021763

Alliantgroup LP v The University Of Texas System And The University Of Houston System – Global Legal Chronicle

https://globallegalchronicle.com/alliantgroup-lp-v-the-university-of-texas-system-and-the-university-of-houston-system/

alliantgroup Comments from Women | InHerSight

https://www.inhersight.com/company/alliantgroup/comments

Strategic Advisory Board | alliantgroup

https://www.alliantgroup.com/strategic-advisory-board/

DOJ suing Lane Grigsby and wife over ‘erroneous’ $750,000 tax refund

https://www.1012industryreport.com/legal/doj-suing-lane-grigsby-and-wife-over-erroneous-750000-tax-refund/

Bloomberg blows the whistle on the IRS

https://archives.cjr.org/the_audit/bloomberg_blows_the_whistle_on.php

36:57 – Neal: Odds of selecting Comey and McCabe for audits were like winning the lottery | The Hill

https://thehill.com/policy/finance/3560143-neal-odds-of-selecting-comey-and-mccabe-for-audits-were-like-winning-the-lottery/

IRS audited former FBI directors Comey and McCabe

https://www.accountingtoday.com/news/irs-audited-former-fbi-directors-comey-and-mccabe

41:01 – Senator Warren Leads 22 Colleagues in Introducing the Tax Filing Simplification Act of 2022

https://www.warren.senate.gov/newsroom/press-releases/senator-warren-leads-22-colleagues-in-introducing-the-tax-filing-simplification-act-of-2022

Americans spend 13 hours and $240 on average to file their taxes—while corporations like @Intuit rake in billions. That’s outrageous. Today I;m leading 22 colleagues on legislation to make filing taxes free and easy for taxpayers. The IRS itself can and should adopt my plan; Elizabeth Warren (@SenWarren) July 13, 2022 

https://twitter.com/SenWarren/status/1547260220551806976

45:10 – AICPA recommends additional IRS backlog measures - Journal of Accountancy

https://www.journalofaccountancy.com/news/2022/jul/aicpa-recommends-additional-irs-backlog-measures.html

49:43 – Obviously most CPAs are against the 15...

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Show Notes

5:47 – Karbon’s 2022 Practice Excellence Report

https://karbonhq.com/resources/2022-practice-excellence-report/

17:59 – 76 Fake Charities Shared a Mailbox. The I.R.S. Kept Approving More. - The New York Times

https://www.nytimes.com/2022/07/03/us/politics/irs-fake-charities.html?smid=nytcore-ios-share%20https://www.nytimes.com/2022/07/03/us/politics/irs-fake-charities.html?referringSource=articleShare

76 Fake Charities Shared a Mailbox. The I.R.S. Approved Them All.

https://www-nytimes-com.cdn.ampproject.org/c/s/www.nytimes.com/2022/07/03/us/politics/irs-fake-charities.amp.html

22:01 – Crypto Lender Voyager Seeks Chapter 11 Protection

https://www.pymnts.com/cryptocurrency/2022/crypto-lender-voyager-seeks-chapter-11-protection/

Crypto Lender Vauld Suspends Withdrawals as Customers Yanked $200M

https://www.pymnts.com/cryptocurrency/2022/crypto-lender-vauld-suspends-withdrawals-as-customers-yanked-200m/

Behind the Celsius Sales Pitch Was a Crypto Firm Built on Risk – WSJ

https://www.wsj.com/articles/behind-the-celsius-sales-pitch-was-a-crypto-firm-built-on-risk-11656498142

26:33 – Crypto crash halts plans by statehouses to accept Bitcoin tax payments | Accounting Today

https://www.accountingtoday.com/articles/crypto-crash-halts-plans-by-statehouses-to-accept-bitcoin-tax-payments

28:51 – A FinTech horror story: How one company prioritizes cybersecurity

https://www.darkreading.com/edge-articles/a-fintech-horror-story-how-one-company-prioritizes-cybersecurity

35:14 – World-wide, venture-capital funding for AI accounting startups hit a total of $233.3 million between January and the end of March, surpassing the $210.2 million in funding for all of 2021, according to PitchBook

https://www.wsj.com/articles/vcs-target-ai-accounting-startups-as-companies-look-to-control-spending-in-uncertain-economy-11655151883

38:52 – Clients Would Switch for Portals - CPA Trendlines

https://cpatrendlines.com/2022/06/26/clients-would-switch-for-portals/

42:11 – Toast Serves up Expanded Restaurant Solutions with Sling Acquisition

https://www.pymnts.com/acquisitions/2022/toast-serves-up-expanded-restaurant-solutions-with-sling-acquisition/

44:39 – Voicemail from Tony Novac – Thank you!

Voicemail from Erin Millie Smith – Thank you!

Email from Paul – Thank you!

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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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Show Notes

8:35 – EY fined $100m over US audit exam cheating

https://www.accountancydaily.co/ey-fined-100m-over-us-audit-exam-cheating

How Exactly Did EY Auditors Cheat on CPE Exams? Details From the SEC Order

https://www.goingconcern.com/how-exactly-did-ey-auditors-cheat-on-cpe-exams-details-from-the-sec-order/

Top accounting firm fined $100 million after employees cheated on CPA exams

https://www.cnn.com/2022/06/28/business/ernst-and-young-sec-cheating-fine/index.html

25:16 – Broken enQ blog post

https://blog.callenq.com/urgent-update-changes-at-the-irs-impacting-enq-service-levels/?utm_source=pocket_mylist

CallEnQ on Twitter: "We’ve listened to our customers and are re-evaluating the next steps due to the recent drop in IRS level of service (and thus enQ level of service). @taxtherapist505 @PKubeyEA"

https://twitter.com/callenqinc/status/1541833877186318336

28:59 – IRS Delayed on Tax Refunds Partly Due to Massive Backlog

https://smallbiztrends.com/2022/06/irs-delayed-tax-refunds.html

Taxpayer advocate sees much larger backlog than IRS reported

https://www.accountingtoday.com/news/taxpayer-advocate-sees-much-larger-tax-return-backlog-than-irs-reported

National Taxpayer Advocate report targets IRS service

https://www.journalofaccountancy.com/news/2022/jun/national-taxpayer-advocate-report-targets-irs-service.html

36:36 – GOP lawmaker proposes to double R&D tax credit

https://www.accountingtoday.com/news/gop-lawmaker-proposes-to-double-r-d-tax-credit-in-new-bill

Senators Reintroduce Bill to Preserve Freedom of Payment Choice

https://www.pymnts.com/news/regulation/2022/senators-reintroduce-bill-to-preserve-freedom-of-payment-choice/

50:44 – The promise and peril of crypto for black investors – NPR

https://www.npr.org/2022/06/28/1108413738/the-promise-a

The Indicator from Planet Money : NPR

https://www.npr.org/transcripts/1108413738

58:18 – Intuit pulls QuickBooks from India, uncomfortably quickly • The Register

https://www.theregister.com/2022/07/01/intuit_quickbooks_quits_india/

59:32 – Email from Jonathan Reed – Thank you!

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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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Show Notes

11:25 – Abortion statistics in the United States – Wikipedia

https://en.wikipedia.org/wiki/Abortion_statistics_in_the_United_States?wprov=sfti1

21:16 – Abortions Increase in the U.S., Reversing a 30-Year Decline, Report Finds

https://www.nytimes.com/2022/06/15/health/abortion-rate-increase.html?referringSource=articleShare

26:32 – This is how much child care costs in 2022

https://www.care.com/c/how-much-does-child-care-cost/

Future costs of raising a child

https://www.concordmonitor.com/getattachment/ab3e8593-195d-460d-9e7f-700c26c20c26/kidcost-cmlife-012217-ph03

The Cost of Raising a Child

https://www.usda.gov/media/blog/2017/01/13/cost-raising-child

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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Show Notes

4:18 – Listener mail on Clearspend shutdown

10:11 – Brex, which started out serving startups, now says it is ‘less suited to meet the needs of smaller customers’ | TechCrunch

https://techcrunch.com/2022/06/17/brex-which-started-out-serving-startups-now-says-it-is-less-suited-to-meet-the-needs-of-smaller-customers/

Brex | Why am I no longer qualified to be a Brex customer?

https://www.brex.com/support/why-am-i-no-longer-qualified-to-be-a-brex-customer/

15:25 – Lili Adds Third-Party Integrations for SMBs

https://www.pymnts.com/smbs/2022/lili-adds-third-party-integrations-smbs/

16:16 – Voicemail from Heather Smith – Thank you!

21:02 – Internet Explorer Is Shutting Down in a Burst of Nostalgia

https://www.nytimes.com/2022/06/15/business/internet-explorer-shutting-down.html?referringSource=articleShare

30:38 – New: Introducing Fathom’s integration with Google Sheets

https://blog.fathomhq.com/google-sheets-integration

34:02 – Voicemail from Byron Patrick – Thank you!

37:12 – EY invests $1B in new audit technology | Accounting Today

https://www.accountingtoday.com/news/ey-invests-1b-in-new-audit-technology

EY plans $1bn investment in audit technology

https://www.accountancydaily.co/ey-plans-1bn-investment-audit-technology

EY Puts Its Money Where Its Mouth Is on Audit Quality With a Technology Investment

https://www.goingconcern.com/ey-puts-its-money-where-its-mouth-is-on-audit-quality-with-a-technology-investment/

41:41 – Nuula launches in Canada to support small businesses, entrepreneurs

https://www.prnewswire.com/news-releases/nuula-launches-in-canada-to-support-small-businesses-entrepreneurs-301566984.html

42:59 – Decimal Raises $9.2mm Seed to Automate Accounting Operations for SMBs

https://www.wfmz.com/news/pr_newswire/pr_newswire_technology/decimal-raises-9-2mm-seed-to-automate-accounting-operations-for-smbs/article_b675dc95-f7c4-5d54-afcf-e27df29b7b65.html

46:31 – Bill Gates says crypto and NFTs are based on 'greater fool theory'

https://www.cnbc.com/2022/06/15/bill-gates-says-crypto-and-nfts-are-based-on-greater-fool-theory.html

49:12 – Celsius Is Crashing, and Crypto Investors Are Spooked – WSJ

https://www.wsj.com/articles/celsius-is-crashing-and-crypto-investors-are-spooked-11655371801

Crypto Lender Celsius Under Investigation by Several US State Regulators

https://www.pymnts.com/cryptocurrency/2022/crypto-lender-celsius-under-investigation-by-several-us-state-regulators/

Who Pays for Crypto’s Collapse? – WSJ

https://www.wsj.com/articles/who-pays-for-crypto-collapse-class-action-lawsuits-bitcoin-ethereum-losses-investors-coinbase-luna-xrp-11655056359

54:08 – Sen. Cynthia Lummis pumps crypto

https://twitter.com/means_tv/status/1534894872271929344?s=12&t=ChIXLXFTq7uE3xzW2ZnNJg

58:24 – Software Company MicroStrategy’s Bitcoin Losses Almost $1B

https://www.pymnts.com/cryptocurrency/2022/software-company-microstrategys-bitcoin-losses-almost-1b/ 

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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