The Accounting Podcast

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Show Notes

1:46 – Intuit owes customers $141 million after it 'cheated' them out of free tax services

https://www.engadget.com/intuit-owes-consumers-141-million-after-it-cheated-them-out-of-free-tax-services-090115518.html

Intuit Will Refund $141 Million to Low-Income TurboTax Users - The New York Times

https://www.nytimes.com/2022/05/04/business/turbotax-intuit-settlement.html

4:36 – Study: Nearly half of returns could be automatically populated

https://www.accountingtoday.com/news/study-says-nearly-half-of-tax-returns-could-be-automatically-pre-populated

8:09 – In-Person BNPL Coming Soon as Block Connects Seller, CashApp Ecosystems

https://www.pymnts.com/earnings/2022/in-person-bnpl-coming-soon-as-block-connects-seller-cashapp-ecosystems/

9:43 – H&R Block Wins Injunction Against Jack Dorsey’s Block Inc.

https://news.bloomberglaw.com/daily-tax-report/h-r-block-wins-injunction-against-jack-dorseys-block-inc

11:23 – Fireside chat with IRS Commissioner Chuck Rettig

https://www.accountingtoday.com/news/fireside-chat-with-irs-commissioner-chuck-rettig

19:00 – Marcum merges in Friedman to create $1B megafirm

https://www.accountingtoday.com/news/marcum-merges-in-friedman-to-create-1b-megafirm

19:54 – Klean Books Offering Free Business Bookkeeping Services With New Promotion

https://www.globenewswire.com/news-release/2022/05/04/2435980/0/en/Klean-Books-Offering-Free-Business-Bookkeeping-Services-With-New-Promotion.html

21:18 – PwC US announces $2.4B employee investment

https://www.accountingtoday.com/news/pwc-us-announces-2-4b-employee-investment

28:05 – Let's Mesh Other Business Buzzwords to Form the Next Big Accounting Firm Name

https://www.goingconcern.com/lets-mesh-other-business-buzzwords-to-form-the-next-big-accounting-firm-name/

31:11 – In KPMG Australia Cheating Scandal, Apparently Cheaters *Do* Win

https://www.goingconcern.com/in-kpmg-australia-cheating-scandal-apparently-cheaters-do-win/

32:58 – Why the Metaverse matters to you

https://www.accountingtoday.com/podcast/why-the-metaverse-matters-to-you

37:49 – What It Will Take for Augmented Reality to Become Our Reality

https://www.wsj.com/articles/what-it-will-take-for-augmented-reality-to-become-our-reality-11651844452

Law firm says employees can work from home full-time – but only if they take a 20% pay cut

https://www.cnbc.com/2022/05/05/workers-at-uk-law-firm-to-take-20percent-pay-cut-to-work-from-home-full-time.html

46:38 – Back In My Day, Accountants Had to Walk Uphill Both Ways In the Hot Sun to Get to Work, Says Crotchety Old British Guy

https://www.goingconcern.com/back-in-my-day-accountants-had-to-walk-uphill-both-ways-in-the-hot-sun-to-get-to-work-says-crotchety-old-british-guy/

51:41 – Pizza accountant to pay $2M for insider trading

https://www.accountingtoday.com/news/ex-dominos-accountant-to-pay-2m-for-insider-trading

55:34 – Stripe Offers Businesses Customer-Account Verification Tools

https://www.pymnts.com/news/security-and-risk/2022/stripe-offers-businesses-customer-account-verification-tools/

56:29 – Experiment finds RPA is 745% faster than manual processes

https://www.accountingtoday.com/news/experiment-finds-rpa-is-745-faster-than-manual-accounting-processes

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 ...

Sponsors

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Show Notes

17:43 – Clients left in the dark after not hearing from tax preparer, missing tax deadline

https://www.13abc.com/2022/04/26/clients-left-dark-after-not-hearing-tax-preparer-missing-tax-deadline/

20:12 – Taxpayer advocate calls on IRS to expand online services

https://www.accountingtoday.com/news/taxpayer-advocate-calls-on-irs-to-expand-online-services

30:52 – QuickBooks Online Advanced Now Syncs with Excel

https://www.accountingweb.com/technology/accounting-software-news/quickbooks-online-advanced-now-syncs-with-excel

Centage Announces Premium App for QuickBooks Online Advanced

https://www.prnewswire.com/news-releases/centage-announces-premium-app-for-quickbooks-online-advanced-301534214.html

45:36 – Formations Raises $8M Series A | Formations

https://formationscorp.com/formations-raises-8-million-dollar-series-a/

52:02 – Sage announces rebranding 

https://www.accountingtoday.com/news/sage-announces-rebrand-to-better-align-with-needs-of-smes

Sage announces rebrand to better align with needs of SMEs

https://www.accountingtoday.com/news/sage-announces-rebrand-to-better-align-with-needs-of-smes

54:25 – Sage acquires Mateo cloud savings and loan software, so nonprofit and faith-based organizations can maximize donations

https://www.globenewswire.com/news-release/2022/04/22/2427562/0/en/Sage-acquires-Mateo-cloud-savings-and-loan-software-so-nonprofit-and-faith-based-organizations-can-maximize-donations.html

Sage acquires Mateo cloud savings and loan software

https://www.accountingtoday.com/news/sage-acquires-mateo-cloud-savings-and-loan-software

55:50 – Thomson Reuters acquires Gestta

https://www.thomsonreuters.com/en/press-releases/2022/april/thomson-reuters-acquires-gestta.html

58:18 – Stripe Launches Stripe Partner Ecosystem

https://www.pymnts.com/partnerships/2022/stripe-launches-stripe-partner-ecosystem/

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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Classifieds

Future Firm: futurefirmaccelerate.com

GetW9: getw9.tax
Firmsta: firmsta.com
Oh My Fraud: A True Crime Podcast for Accountants: ohmyfraud.com

Advisors for Change: https://www.advisorsforchange.com

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Full Transcript Available Upon Request - [email protected]

Sponsors

Digits: https://www.cloudaccountingpodcast.promo/digits
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Show Notes

4:35 – Accounting Twins Podcast

https://www.accountingtwins.com/

7:37 – What is Disney World's 'special district'? - The Fulcrum

https://thefulcrum.us/balance-of-power/-2657192873

18:35 – Details on New Hires, Most In-Demand Service Lines, CPA Exam Numbers, and More From the Latest AICPA Trends Report - Going Concern

https://www.goingconcern.com/details-on-new-hires-most-in-demand-service-lines-cpa-exam-numbers-and-more-from-the-latest-aicpa-trends-report/?utm_source=rss&utm_medium=rss&utm_campaign=details-on-new-hires-most-in-demand-service-lines-cpa-exam-numbers-and-more-from-the-latest-aicpa-trends-report

45:21 – Scuffle sparked at Accounting Act reform meeting

https://www.taipeitimes.com/News/taiwan/archives/2022/04/22/2003777037

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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Classifieds

Future Firm: futurefirmaccelerate.com

GetW9: getw9.tax
Firmsta: firmsta.com
Oh My Fraud: A True Crime Podcast for Accountants: ohmyfraud.com

Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.

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Full Transcript Available Upon Request - [email protected]

Meet Our Guest, Wayne Chang

LinkedIn: https://www.linkedin.com/in/waynechang/
Twitter: https://twitter.com/wayne?lang=en

Learn more about Digits

Website: https://digits.com/

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

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

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]

Sponsors

Digits: https://www.cloudaccountingpodcast.promo/digits
Scrutinize: https://www.cloudaccountingpodcast.promo/scrutinize
Synder: https://www.cloudaccountingpodcast.promo/synder

Need CPE? 

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Show Notes

4:41 – Art of Accounting: Energizing staff for last-minute returns

https://www.accountingtoday.com/opinion/art-of-accounting-energizing-staff-for-last-minute-tax-returns

11:30 – Email from Listener – Thank you!

13:52 – Letter from Osidon

20:17 – Email from Trevor – Thank you!

24:08 – Voicemail from Ray – Thank you!

37:29 – PE investment fuels M&A at Citrin Cooperman

https://www.accountingtoday.com/news/pe-firm-buys-majority-stake-in-citrin-cooperman

38:52 – Man who paid $2.9m for NFT of Jack Dorsey’s first tweet set to lose almost $2.9m

https://www.theguardian.com/technology/2022/apr/14/twitter-nft-jack-dorsey-sina-estavi

48:07 –Marvel Star Simu Liu Thanks Accounting Firm For Laying Him Off 10 Years Ago

https://www.huffpost.com/entry/simu-liu-accounting-laid-off-anniversary_n_62575762e4b0be72bff23dad?ncid%3DNEWSSTAND0001

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

Classifieds

Future Firm: futurefirmaccelerate.com

GetW9: getw9.tax
Firmsta: firmsta.com
Oh My Fraud: A True Crime Podcast for Accountants: ohmyfraud.com

Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.

Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd 

Full Transcript Available Upon Request - [email protected]

Sponsors

OnPay: https://cloudaccountingpodcast.promo/onpay
FreshBooks: https://cloudaccountingpodcast.promo/freshbooks
Scrutinize: https://cloudaccountingpodcast.promo/scrutinize

Need CPE? 

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

Show Notes

13:09 – Legislation introduced in Senate to recognize accounting as a STEM field in K-12 education

https://www.journalofaccountancy.com/newsletters/extra-credit/legislation-introduced-recognize-accounting-as-stem-k-12-education.html

17:16 – Diverse accounting hires on the rise, AICPA report finds | Accounting Today

https://www.accountingtoday.com/news/diverse-accounting-hires-on-the-rise-aicpa-report-finds

CPA firms show progress in diversity amid pipeline challenges - Journal of Accountancy

https://www.journalofaccountancy.com/news/2022/apr/cpa-firms-show-progress-diversity-pipeline-challenges.html 

25:26 – Fake bank records are readily available as U.S. hunts for fraud | Accounting Today

https://www.accountingtoday.com/articles/fake-bank-records-are-readily-available-as-u-s-hunts-for-fraud 

33:12 – Walmart Stops $4M in Gift Cards From Reaching Scammers Targeting Older Victims

https://www.pymnts.com/walmart/2022/walmart-stops-4m-in-gift-cards-from-reaching-scammers-targeting-older-victims/

35:25 – Elon Musk delayed filing a form and made $156 million

https://www.washingtonpost.com/technology/2022/04/06/musk-twitter-sec/

41:07 – Block Confirms Cash App Breach by Former Employee 

https://www.pymnts.com/news/security-and-risk/2022/block-confirms-cash-app-breach-by-former-employee/

42:34 – Mailchimp says an internal tool was used to breach hundreds of accounts

https://news.google.com/articles/CAIiEC4n0jBa41XPsQx-Of5_IEsqFAgEKg0IACoGCAowlIEBMLEXMOc_?hl=en-US&gl=US&ceid=US%3Aen

46:33 – After Raising, Burning Through $120M+, Fast Fades Fast in One-Click Battle

https://www.pymnts.com/startups/2022/after-raising-burning-through-120m-fast-fades-fast-in-one-click-battle/

Fast, the checkout startup, shuts down: NPR

https://www.npr.org/2022/04/05/1091077398/checkout-startup-fast-is-shutting-down-after-burning-through-investors-money

50:38 – Bolt to Purchase Crypto Startup Wyre for $1.5B

https://www.pymnts.com/acquisitions/2022/bolt-to-purchase-crypto-startup-wyre-for-1-5b/

53:22 – Palantir alums raise $25M from Peter Thiel’s Founders Fund and other VCs for their finance startup, Mosaic | TechCrunch

https://techcrunch.com/2022/03/30/palantir-finance-alums-raise-25m-for-mosaic-in-founders-fund-peter-thiel-led-series-b/

Clockwork.ai Closes $2 MM Seed Funding to Automate Financial Planning and Analysis and Help Businesses 'Know Their Numbers'

https://www.digitaljournal.com/pr/clockwork-ai-closes-2-mm-seed-funding-to-automate-financial-planning-and-analysis-and-help-businesses-know-their-numbers

Docyt raises $11.5M Series A for its AI-powered accounting automation service | TechCrunch

https://techcrunch.com/2022/04/06/docyt-raises-11-5m-series-a-for-its-ai-powered-accounting-automation-service/?guccounter=1

56:31 – Thryv Hosts Investor Day, Announces SaaS Revenue Target of $1 Billion in 2027

https://finance.yahoo.com/news/thryv-hosts-investor-day-announces-100000925.html

59:58 – Xero appoints Chris O’Neill as Chief Growth Officer | Xero US

https://www.xero.com/us/media-releases/xero-appoints-chief-growth-officer/

1:02:09 – Spreadsheets Are Hot—and Cranking Out Complex Code

https://www.wired.com/story/spreadsheets-are-hot-and-cranking-out-complex-code/ 

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

Sponsors

Digits: https://www.cloudaccountingpodcast.promo/digits
Scribe: https://cloudaccountingpodcast.promo/scribe

Need CPE? 

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

00:59 – Taxpayer advocate urges IRS to use scanners to cut backlog

https://www.accountingtoday.com/news/taxpayer-advocate-urges-irs-to-use-scanners-to-cut-backlog 

IRS Says Paper Income Tax Returns are Major Cause of Logjam

https://www.cpapracticeadvisor.com/tax-compliance/news/21262251/irs-says-paper-income-tax-returns-are-major-cause-of-logjam

14:07 – FTC says TurboTax free filing not as free as advertised, Intuit vows to fight

https://www.accountingtoday.com/news/federal-trade-commission-complaint-says-turbotax-overstated-free-file-options-intuit-vows-to-fight-back

FTC Sues Intuit Over Deceptive TurboTax “Free” Filing Campaign

https://smallbiztrends.com/2022/03/ftc-sues-intuit-over-deceptive-turbotax-free-filing.html

‘False Claims and Buried Disclosures’: FTC Says TurboTax Tricks People Into Thinking They Can File for Free

https://money.com/turbotax-free-file-ftc-complaint/ 

18:32 – Five insights gleaned from PCAOB audit committee chair report

https://www.complianceweek.com/accounting-and-auditing/five-insights-gleaned-from-pcaob-audit-committee-chair-report/31507.article 

22:02 – House Bill Calls for Creation of Crypto-Less, Privacy-First Digital Dollar

https://www.pymnts.com/cbdc/2022/house-bill-calls-for-creation-of-crypto-less-privacy-first-digital-dollar/ 

24:58 – Voicemail from Ryan Pearcy – Thank you!

27:02 – Hedge funds are betting against a cryptocurrency whose price shouldn’t move. Tether says the short sellers are part of a ‘clever scheme to raise capital from those less knowledgeable’

https://www.wsj.com/articles/short-sellers-bet-tether-cryptos-central-bank-is-vulnerable-to-a-run-11648978202

29:14 – Hackers heist $600M in crypto from blockchain network

https://www.accountingtoday.com/news/hackers-steal-600-million-in-crypto-from-ronin-blockchain-network 

Crypto Gaming's Biggest Success Story Scammed Out Of $600 Million

https://kotaku.com/crypto-axie-infinity-scam-exploit-blockchain-ethereum-n-1848721147

34:12 – Accounting software: MCA yet again defers mandatory audit trail norm by 1 more year

https://www.thehindubusinessline.com/economy/accounting-software-mca-yet-again-defers-mandatory-audit-trail-norm-by-1-more-year/article65282052.ece 

35:49 – Ask These 3 Interview Questions to Hire the Best Accountant for Your Firm

https://news.bloombergtax.com/daily-tax-report/ask-these-3-interview-questions-to-hire-the-best-accountant-for-your-firm 

Former School of Medicine administrator pleads guilty to stealing $40 million from the University - Yale Daily News

https://yaledailynews.com/blog/2022/03/28/former-school-of-medicine-administrator-pleads-guilty-to-stealing-40-million-from-the-university%EF%BF%BC/ 

46:51 – Email from Tony – Thank you!

54:40 – Builder.ai Raises $100M Series C Funding Led by Global Software Investor Insight Partners

https://www.prnewswire.com/news-releases/builderai-raises-100m-series-c-funding-led-by-global-software-investor-insight-partners-301513079.html 

55:22 – Trullion tackles applying AI to accounting workflows | VentureBeat

https://venturebeat.com/2022/03/25/trullion-tackles-applying-ai-to-accounting-workflows/ 

56:43 – Finally, SMB Accounting Startup, Raises $95M | PYMNTS.com

https://www.pymnts.com/news/investment-tracker/2022/finally-a-small-business-accounting-automation-startup-raises-95m/amp/ 

Finally, a Small Business Accounting Automation Startup, Raises $95M

https://www.pymnts.com/news/investment-tracker/2022/finally-a-small-business-accounting-automation-startup-raises-95m/

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....

Sponsors

Dark Horse: https://cloudaccountingpodcast.promo/darkhorse
Synder: https://cloudaccountingpodcast.promo/synder
Relay: https://cloudaccountingpodcast.promo/relay

Need CPE? 

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

03:29 – Mister Car Wash Finding Loyalty Among Increasing Customer Base            

https://www.pymnts.com/news/retail/2022/mister-car-wash-finding-loyalty-among-increasing-customer-base/

05:51 – Voicemail from Nikole – Thank you!

13:08 – Intuit Rate Survey: COVID-19’s impact on accounting professionals and their clients           

https://www.firmofthefuture.com/content/intuit-rate-survey-covid-19s-impact-on-accounting-professionals-and-their-clients/

18:00 – Half of Remote Professionals Say They Would Quit if Required to Go Back to Office            

https://www.cpapracticeadvisor.com/payroll/news/21261548/half-of-remote-professionals-say-they-would-quit-if-required-to-go-back-to-office

20:27 – As more companies begin their return to the office, Facebook parent Meta Platforms is becoming more remote than ever before           

https://www.wsj.com/articles/mark-zuckerberg-and-metas-leadership-take-remote-work-to-the-extreme-11648040580

24:30 – Rick Scott touts importance of 'bookkeeping' classes when asked about financial literacy bill          

https://floridapolitics.com/archives/510781-bookkeeping-scott/

26:24 – Who stands to make and lose money if the SEC climate rule becomes law

https://www.cnbc.com/2022/03/23/sec-climate-rule-winners-and-losers.html

New SEC proposal would ramp up climate-change disclosures

https://www.journalofaccountancy.com/news/2022/mar/new-sec-proposal-ramp-up-climate-change-disclosures.html

34:09 – Advisory Services Continue to Grow in Accounting Firms 

https://www.cpapracticeadvisor.com/firm-management/article/21261215/advisory-services-continue-to-grow-in-accounting-firms

35:54 – Madonna Becomes Latest Celeb Aboard Bored Ape          

https://www.pymnts.com/nfts/2022/madonna-becomes-latest-celeb-aboard-bored-ape-yacht-club/

39:32 – Six months in, El Salvador’s bitcoin gamble is crumbling - Rest of World   

https://restofworld.org/2022/el-salvador-bitcoin/?utm_source=pocket-newtab

42:52 – Digits books $65M on a $565M valuation to bring a more dynamic, automated approach to legacy accounting tools – TechCrunch        

https://techcrunch.com/2022/03/24/digits-books-65m-on-a-565m-valuation-to-bring-a-more-dynamic-automated-approach-to-legacy-accounting-tools/

59:47 – Podcast 350: Wayne Chang of Digits - LendIt Fintech News            

https://www.lendacademy.com/podcast-350-wayne-chang-of-digits/

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Show Notes

01:02 – Talking Disney and Bars ... 

15:37 – Commissioner to Congress: IRS will clear backlog by year’s end 

https://www.journalofaccountancy.com/news/2022/mar/commissioner-congress-irs-will-clear-backlog-years-end.html

16:18 – IRS plans to hire thousands likely to fall short      

https://www.accountingtoday.com/news/irs-plans-to-hire-thousands-more-employees-likely-to-fall-short

19:50 – IRS Struggles Allow Secret Election Spending To Flourish

https://campaignlegal.org/update/irs-struggles-allow-secret-election-spending-flourish

20:43 – IRS Starts Using Chatbots for Calls             

https://www.cpapracticeadvisor.com/tax-compliance/news/21260152/irs-starts-using-chatbots-for-calls

21:46 – PCAOB confirms talks with China on audit firm access

https://www.accountingtoday.com/news/pcaob-confirms-talks-with-china-on-audit-firm-access

25:19 – The SEC is investigating the Big Four accounting firms for potential conflicts of interest that could influence their audits, people familiar say

https://www.wsj.com/articles/big-four-accounting-firms-come-under-regulators-scrutiny-11647364574

28:12 – Accounting Faces Reckoning After Years of Sluggish Pay Growth 

https://news.bloombergtax.com/daily-tax-report/accounting-faces-reckoning-after-years-of-sluggish-pay-growth

Big Four Accounting Firms Reportedly Probed by SEC       

https://www.businessinsider.com/big-four-accounting-firms-sec-probe-conflict-of-interest-report-2022-3

32:14 – Workers Care More About Flexible Hours Than Remote Work - WSJ           

https://www.wsj.com/articles/workers-care-more-about-flexible-hours-than-remote-work-11643112004

33:20 – 58% of Consumers Check on Work While Not in Office, Outside Normal Working Hours    

https://www.pymnts.com/connectedeconomy/2022/consumers-check-on-work-while-not-in-office-outside-working-hours/

35:30 – Tucson woman accused of gambling away $5M in embezzled funds

https://tucson.com/news/local/crime-and-courts/tucson-woman-accused-of-gambling-away-5m-in-embezzled-funds/article_b010f994-a70c-11ec-9940-7fa3aaccf602.html

37:01 – Botkeeper Upgrades Bookkeeping Task Platform               

https://www.accountingweb.com/technology/accounting-software-news/botkeeper-upgrades-bookkeeping-task-platform

39:09 – Stamped AI closes $2 million to simplify financial statement prep for SMBs            

https://betakit.com/stamped-ai-closes-2-million-to-simplify-financial-statement-prep-for-smbs/

40:19 – FISKL introduces modern API-driven accounting for small businesses        

https://www.wfmz.com/news/pr_newswire/pr_newswire_technology/fiskl-introduces-modern-api-driven-accounting-for-small-businesses/article_9626addf-cd8b-5324-b3a0-3725c43ad8e8.html

42:06 – AuditBoard rolls out new automation and analytics features         

https://www.accountingtoday.com/news/auditboard-releases-auditboard-automation-and-analytics-tool

46:35 – Coinbooks raises $3.2 million to build accounting software for DAOs         

https://www.theblockcrypto.com/linked/138356/coinbooks-raises-3-2-million-to-build-accounting-software-for-daos 

46:51 – Coinbooks Gathers $3.2 Million For Developing Accounting Software To Serve DAOs         

https://www.thecoinrepublic.com/2022/03/19/coinbooks-gathers-3-2-million-for-developing-accounting-software-to-serve-daos/

48:20 – Xerocon Sydney: Xerocon returns to Australia     

https://www.xero.com/blog/2022/03/xerocon-returns-to-australia/

49:17 – Xero’s position on Ukraine and Russia     

https://www.xero.com/blog/2022/03/our-position-on-ukraine-and-russia/

50:52 – The Ukraine crypto connection

52:00 – Bitcoin Price Surges on Biden’s Crypto Executive Order

https://www.wsj.com/articles/biden-to-order-study-of-cryptocurrency-risk-creation-of-u-s-digital-c...

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Show Notes

01:37 – Top Firms 2022: What Great Resignation?             

https://www.accountingtoday.com/news/top-firms-2022-what-great-resignation 

03:19 – 2022 State of Accounting Firms Trends Report

https://insights.caseware.com/caseware-2022-state-of-accounting-firms-trends-report

05:58 – The fastest-growing firms in the U.S. — 2022        

https://www.accountingtoday.com/list/the-fastest-growing-firms-in-the-u-s-2022

08:00 – YPTC Scores Second Place on Accounting Today’s 2021 List of Best Accounting Firms to Work For

https://www.yptc.com/yptc-scores-second-place-on-accounting-todays-2021-list-of-best-accounting-firms-to-work-for/

12:20 – Cloud computing expected to skyrocket in accounting firms

https://www.accountingtoday.com/news/caseware-survey-finds-two-thirds-plan-to-increase-use-of-cloud-computing-solutions

12:30 – Vast Majority of Accounting Firms Plan to Tap into Cloud Technology Due to Pandemic: Global Survey

https://www.cfodive.com/press-release/20220309-vast-majority-of-accounting-firms-plan-to-tap-into-cloud-technology-due-to/

14:25 – Email from Tyler – Audit at a Big Four – Thank you! 

21:33 – DoorDash Partners with Office Depot to Offer Business and Learning Essentials On Demand

https://doordash.news/consumer/doordash-partners-with-office-depot-to-offer-business-and-office-essentials-on-demand/

25:27 – A bit about surge pricing

27:24 – IRS budget increase slashed in latest spending bill              

https://www.accountingtoday.com/news/irs-budget-increase-slashed-in-latest-spending-bill

28:23 – IRS proposes to raise fees for enrolled agents

https://www.accountingtoday.com/news/irs-proposes-to-raise-fees-for-enrolled-agents

28:44 – IRS going on a hiring spree

https://www.accountingtoday.com/news/irs-looking-to-hire-10-000-people-fast

IRS to fast-track 10,000 hirings to address backlog

https://www.journalofaccountancy.com/news/2022/mar/irs-fast-track-10000-hirings-address-backlog.html

IRS direct-hiring 5,000 in service centers 

https://www.journalofaccountancy.com/news/2022/mar/irs-direct-hiring-in-service-centers.html

29:25 – IRS audits poorest families five times as much as others  

https://www.accountingtoday.com/news/irs-audits-poorest-families-five-times-as-much-as-others

IRS audits the poor at 5 times the rate of everyone else, analysis finds

https://www.cbsnews.com/news/irs-audit-eitc-five-times-as-likely-to-get-audited/

31:51 – Why underfunding the IRS hurts the accounting profession

37:18 – Practice Ignition becomes ‘Ignition’         

https://www.accountingtoday.com/news/practice-ignition-becomes-ignition-enhances-platform

38:17 – Contabilizei Receives Investment of $60M Led by Softbank

https://www.pymnts.com/smbs/2022/contabilizei-receives-investment-of-60m-led-by-softbank/

40:30 – Patriot Software patents dual-ledger feature

https://www.accountingtoday.com/news/patriot-software-successfully-patents-dual-ledger-accounting-solution-as-software-feature

44:35 – Chargebee acquires collections management platform

https://www.accountingtoday.com/news/chargebee-adds-accounts-receivable-services-by-acquiring-collections-management-platform-numberz

45:14 – MarginEdge & Intuit Launch Unified Restaurant Solution

https://www.prnewswire.com/news-releases/marginedge--intuit-launch-unified-restaurant-solution-301485003.html

50:35 – Fieldguide raises $17M in new funding   

https://www.accountingtoday.com/news/fieldguide-raises-20-million-in-series-a-funding-at-100-million-valuation

52:55 – Tax and audit software reaching the clouds? 

56:01 – Exclusive: Found raises $60 million for self-employed business banking

https://www.axios.com/exclusive-found-raises-60-million-for-self-employed-business-banking-944d74ad-d2e6-4c4a-b953-1b0a34cd7301.html 

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