The Accounting Podcast

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Show Notes

02:33 – David’s QBO Troll             

https://twitter.com/davidleary/status/1499514128435531800

08:26 – Are the big firms falling apart? 

09:59 – The Big Firm Biz Model

13:03 – Is this model sustainable? 

14:29 – Why Blake moved to tech

17:06 – Remote work changed everything

18:21 – Can accounting jobs be more meaningful? 

20:27 – Accounting standards haven’t changed in 100 years 

22:52 – Companies and investors don't care about the financial numbers like they used to. The metrics are changing. 

26:39 – People want a meaningful job

28:45 – Lifestyle spending accounts - what are they?

31:45 – Schools aren't teaching accounting students about other opportunities

35:18 – ‘I spent 5 hours on the phone’: Woman exposes TurboTax for taking thousands of her tax return in viral TikTok

https://www.dailydot.com/debug/tiktok-tax-return-turbotax/

36:38 – TPG refund         

https://ttlc.intuit.com/community/after-you-file/discussion/tpg-refund/00/2511328

39:56 – DIY vs. tax pro: How taxpayers choose

https://www.accountingtoday.com/news/study-finds-tax-software-users-prioritize-cost-and-paid-preparer-users-prioritize-accuracy

41:53 – Working with tax organizers needs to be easier - bad customer experience

44:11 – Companies need to raise their prices and focus on customer experience instead of speed

46:29 – AICPA & CIMA stand with the people of Ukraine

https://www.fm-magazine.com/news/2022/mar/aicpa-cima-ukraine-statement.html

49:11 – Ex-Big 4 Partner On Why the Big 4 Firms Should Pull Out of Russia: 'It's the Right Thing to Do and You Know It'

https://www.goingconcern.com/ex-big-4-partner-why-big-4-firms-should-leave-russia/

50:31 – Visa and Mastercard Suspend Russian Operations             

https://www.wsj.com/livecoverage/russia-ukraine-latest-news-2022-03-04/card/visa-and-mastercard-suspend-russian-operations-LAhp94TyXAXrNzaILwz5

51:05 – Spoils of War? Ukraine Says No Taxes Due on Captured Russian Tanks

https://www.cpapracticeadvisor.com/tax-compliance/news/21259037/spoils-of-war-ukraine-says-no-taxes-due-on-captured-russian-tanks

52:51 – KPMG set to drop some clients over Russian sanctions

https://www.accountingtoday.com/articles/kpmg-set-to-drop-some-clients-over-russian-sanctions

53:05 – Grant Thornton Drops Its Russian Affiliate Over Conflict In Ukraine

https://www.goingconcern.com/grant-thornton-drops-its-russian-affiliate-over-conflict-in-ukraine/

Big 4 Firms Condemn Russia's Invasion of Ukraine, But Will They Sever Relationships With Any Russian Clients? (UPDATE)

https://www.goingconcern.com/big-4-firms-condemn-russias-invasion-of-ukraine-but-will-they-sever-relationships-with-any-russian-clients/

54:09 – Voicemail from Jack Thiel – Talking startups, etc. in accounting

57:06 – Voicemail from Joe Cangelosi – Leaving accounting

‎01:02:05 – Jacob I. Oberlander, CPA on Twitter: "@BlakeTOliver We're not charging by the hour and not billing by the hour. But we're still tracking time.

https://twitter.com/JacobOberlander/status/1498320967331983361

01:04:01 - Technology has changed the way time is measurable for work success

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

00:24 – We make snow-shoveling fun! Thanks, Jonathan! 

02:20 – Countries consider suspending Russia from the world’s main payment infrastructure

https://twitter.com/i/events/1497079584633745408?s=12

03:50 – What is SWIFT? 

06:10 – Will Russia just flip to crypto? 

07:23 – Lightspeed Leads Deal for Brex Rival Payhawk at $1 Billion Valuation https://www.theinformation.com/articles/lightspeed-leads-deal-for-brex-rival-payhawk-at-1-billion-valuation

07:37 – Brex Debuts Mobile Cash Flow Management Tools 

https://www.pymnts.com/mobile-applications/2022/brex-debuts-mobile-cash-flow-management-tools/ 

10:18 – Amex, Airbase Team on Accounting Automation https://www.pymnts.com/partnerships/2022/amex-airbase-team-on-automation-of-accounting-approvals-for-virtual-cards/ 

12:48 – Intuit beta tests revenue sharing program with accountants https://www.accountingtoday.com/news/intuit-beta-tests-revenue-sharing-program-with-pro-advisor-accountants 

16:00 – Intuit Revenue Share - Are You Eligible?  

https://report.woodard.com/articles/intuit-revenue-share-are-you-eligible-ocawr

ProAdvisor Revenue Share Program 

https://quickbooks.intuit.com/accountants/products-solutions/pricing-promotions/papp/revenue-share/ 

20:35 – What’s new in QuickBooks Online: January 2022 – QuickBooks

https://quickbooks.intuit.com/blog/whats-new/whats-new-in-quickbooks-online-january-2022/

24:15 – Intuit Inc. (INTU) Second Quarter Earnings Show QuickBooks, MailChimp Revenue Growth - InvestorsObserver 

https://www.investorsobserver.com/news/stock-update/intuit-inc-intu-second-quarter-earnings-show-quickbooks-mailchimp-revenue-growth 

28:00 – The Future of QuickBooks with Hector Garcia – Earmark Accounting Podcast

https://share.transistor.fm/s/60ebf866

32:45 – Blake’s interview with Ben Taylor of SoftLedger 

https://share.transistor.fm/s/3edead94

Intuit cuts sales forecast on ‘slower forming’ tax season | Accounting Today

https://www.accountingtoday.com/articles/intuit-cuts-sales-forecast-on-slower-forming-tax-season

Intuit Reports Second Quarter Results and Reiterates Full Year Guidance; Organic Online Ecosystem Revenue Grew 37 Percent https://www.businesswire.com/news/home/20220224005433/en/Intuit-Reports-Second-Quarter-Results-and-Reiterates-Full-Year-Guidance-Organic-Online-Ecosystem-Revenue-Grew-37-Percent 

Intuit Corp (INTU) Q2 2021 Earnings Call Transcript @themotleyfool #stocks $INTU https://www.fool.com/earnings/call-transcripts/2021/02/23/intuit-corp-intu-q2-2021-earnings-call-transcript/ 

35:30 – Xero’s new App Launcher: Bringing apps closer to Xero small businesses and their advisors | Xero Blog

https://www.xero.com/blog/2022/02/xero-app-launcher/

New Xero App Launcher helps get more apps to small businesses https://itbrief.com.au/story/new-xero-app-launcher-helps-get-more-apps-to-small-businesses

Introducing the new Xero App Launcher | by Xero Developer | Feb, 2022 | Xero Developer https://devblog.xero.com/introducing-the-new-xero-app-launcher-ab6a21a650be 

38:50 –Introducing Xero Product Ideas | Xero Blog            

https://www.xero.com/blog/2022/02/introducing-xero-product-ideas/

42:50 – Dallas Accounting Platform Rebrands as Once, Then Gets Selected by Industry Accelerator Program » Dallas Innovates 

https://dallasinnovates.com/dallas-accounting-platform-rebrands-as-once-then-gets-selected-by-aicpa-accelerator-program/ 

43:43 – Bench strength: Shopify hires accounting software entrepreneur Ian Crosby to oversee banking products | Ottawa Business Journal    https://www.obj.ca/article/techopia/bench-strength-shopify-hires-accounting-software-entrepreneur-ian-crosby-oversee

48:00 – Feedback on our compilations discussion – Thank you, Chris! 

48:45 – Now Trump Says His Accounting Firm Was 'Broken' By 'Radical Leftist' Racists https://www.huffpost.com/entry/trump-radical-leftist-racists-mazars-usa_n_6212e537e4b08ee35ee43b3c 

50:28 – Email from Eric Fraint, President, and Founder of YPTC weighs in on timesheets. Thank you, Eric! 

56:58 – Ford Baker, creator...

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Show Notes

04:55 – Another listener weighs in on the timesheet issue

08:42 – Logan L. George, CPA on LinkedIn: #ditchhourly #nomoretimesheets

https://www.linkedin.com/posts/logan-l-george-cpa-09166a112_ditchhourly-nomoretimesheets-activity-6897759335934492672-xJLY

12:05 – Years after calling Bitcoin ‘rat poison,’ Warren Buffett just invested $1 billion in a crypto-friendly bank

https://finance.yahoo.com/news/warren-buffett-just-invested-1-163230481.html

16:05 - Colorado’s Plans To Accept Tax Payments in Crypto Could Be Rocky for Investors - Blockworks https://blockworks.co/colorados-plans-to-accept-tax-payments-in-crypto-could-be-rocky-for-investors/

18:14 – Celebrities and NFTs: why your favourite stars are trying to sell you cryptocurrency https://www.thenationalnews.com/arts-culture/2022/02/13/celebrities-and-nfts-why-your-favourite-stars-are-trying-to-sell-you-cryptocurrency/

20:40 – Accountant Shortage, Resignations Fuel Financial Reporting Risks https://news.bloombergtax.com/financial-accounting/accountant-shortage-resignations-fuel-financial-reporting-risks 

21:30 – 'Limited pipeline' biggest challenge in advancing DE&I, survey finds | Accounting Today

https://www.accountingtoday.com/news/limited-pipeline-biggest-challenge-in-advancing-de-i-survey-finds

25:15 – Public accountants are deducting themselves from their jobs

https://www.theverge.com/2022/1/31/22903016/public-accountants-big-quit-memes-reddit

25:40 – r/Accounting - News story featuring r/Accounting

https://www.reddit.com/r/Accounting/comments/sh35dk/news_story_featuring_raccounting/

26:38 – Forwarded from Will Hill (linkedin.com/in/wghill)             

Accountant Shortage, Resignations Fuel Financial Reporting Risks

https://news.bloombergtax.com/financial-accounting/accountant-shortage-resignations-fuel-financial-reporting-risks

32:00 – The decreasing value of accounting

33:40 – Digging into the Trump Dump - Trump's Long-Time Accounting Firm Cuts Ties Over Financial Statements

https://www.nytimes.com/2022/02/14/nyregion/mazars-trump-organization-financial-statements.html

36:20 – Letter from Mazars on Donald Trump’s 2011-2020 financial statements - The Washington Post

https://www.washingtonpost.com/context/letter-from-mazars-on-donald-trump-s-2011-2020-financial-statements/05c11ff2-b2e2-4d95-bcf4-cdffee6454bf/

41:50 – Trump’s accountants, Mazars, just quit. What took so long? | Accounting Today

https://www.accountingtoday.com/articles/trumps-accountants-just-quit-what-took-so-long

44:21 – Why Mazars accounting firm ditched Trump - The Washington Post https://www.washingtonpost.com/politics/2022/02/15/why-trumps-accounting-firm-ditched-him/

49:30 – Does Any Blame Lie With Mazars USA In Trump Organization Financial Statement Mess?

https://www.goingconcern.com/does-any-blame-lie-with-mazars-usa-in-trump-organization-financial-statement-mess/

50:46 – Why It’s No Surprise Trump’s Accounting Firm Is Saying His Financial Statements Are Unreliable https://www.forbes.com/sites/chasewithorn/2022/02/16/why-its-no-surprise-trumps-accounting-firm-is-saying-his-financial-statements-are-unreliable/

56:43 – Why Blake thinks compilations are garbage

59:50 – Trump Makes New Claims About His Wealth After Accountants Drop Him

https://www.nytimes.com/2022/02/16/business/trump-wealth-mazars.html

SEC accounting and auditing enforcement plunged in 2021, but PCAOB enforcement increased https://www.accountingtoday.com/news/sec-accounting-and-auditing-enforcement-plunged-in-2021-but-pcaob-enforcement-increased 

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. DI...

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Show Notes
 
... We've also got updates on the IRS "facelift" that fell flat, some big raises, some app news, and much more! 

02:44 – IRS backs away from facial recognition

https://www.journalofaccountancy.com/news/2022/feb/irs-backs-away-from-facial-recognition.html

04:26 – IRS To Ditch Biometric Requirement for Online Access

https://krebsonsecurity.com/2022/02/irs-to-ditch-biometric-requirement-for-online-access/

06:33 – A Guide to Completing Your Organizer This Tax Season

https://news.bloombergtax.com/tax-insights-and-commentary/a-guide-to-completing-your-organizer-this-tax-season

11:00 –  Listener Mail – A Tale of Two Timesheet Stories 

14:20 – The first Rule of Timesheet Club ... 

17:42 – Listener Mail – Big 4 Timesheet Racket  

20:11 – Listener Mail - Letters from Outside Alcatraz

23:49 – Deloitte audit chief sees profession evolving amid pandemic | Accounting Today

https://www.accountingtoday.com/news/deloitte-audit-chief-sees-profession-evolving-amid-pandemic

27:35 – The Real Reason America Doesn’t Have Enough Truck Drivers

https://www.nytimes.com/2022/02/09/business/truck-driver-shortage.html

34:09 – Payroll Employee Quits on the Spot After Finding Potential Wage Theft, Exposes Company with Viral TikToks, Sparks Controversy

https://amp.cheezburger.com/473351/payroll-employee-quits-on-the-spot-after-finding-potential-wage-theft-exposes-company-with-viral

38:34 – The Timesheet Lies Coffee Table Book Needs You! 

39:59 – The Crypto Bowl is the beginning of a blockchain advertising bonanza

https://www.protocol.com/fintech/super-bowl-crypto-bowl

41:59 – Crypto paychecks have more appeal outside the U.S. | Accounting Today

https://www.accountingtoday.com/articles/crypto-paychecks-have-more-appeal-outside-the-u-s

44:53 – Accounting Standards Are Key to Getting Digital Assets on Corporate Balance Sheets

https://www.coindesk.com/layer2/2022/02/07/accounting-standards-are-key-to-getting-digital-assets-on-corporate-balance-sheets/

46:54 – Uber CEO: Crypto Payments Are Coming…Someday

https://www.pymnts.com/cryptocurrency/2022/uber-ceo-crypto-payments-are-coming-someday/

47:37 – ­­KPMG Canada Latest Firm to Add Bitcoin, Ether to Balance Sheet – Blockworks

https://blockworks.co/kpmg-canada-adds-bitcoin-ether-to-balance-sheet/

Accounting Giant KPMG Invests in Bitcoin and Ethereum

https://www.investopedia.com/kpmg-invests-in-bitcoin-and-ethereum-5218436

48:40 – More Listener Mail – Modern Treasury

50:21 – $66 million to give accounting firms the practice management solution they deserve | Karbon resources

https://karbonhq.com/resources/66million-to-give-accounting-firms-the-practice-management-solution-they-deserve/

Next Xero? Aussie accounting tech firm worth $402m after $93m raise

https://www.afr.com/technology/next-xero-aussie-accounting-tech-firm-worth-402m-after-93m-raise-20220204-p59tv0

50:59 – GoCardless Valued at $2.1B After Series G

https://www.pymnts.com/news/investment-tracker/2022/gocardless-valued-at-2-1b-after-series-g/

51:15 – Neat Inks Deal With Document Scanner Maker Raven

https://www.accountingweb.com/technology/accounting-software-news/neat-inks-deal-with-document-scanner-maker-raven

51:42 – Taxfyle raises $20M Series B round, plans to grow its team by 100+

https://www-refreshmiami-com.cdn.ampproject.org/c/s/www.refreshmiami.com/taxfyle-raises-20m-series-b-round-plans-to-grow-its-team-by-100/

53:08 – One More Listener Mail – Gaming the Accounting System

54:15 - Accounting Games - They're a Thing?
https://www.youtube.com/watch?v=dBXV1feuKSs

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 Insta...

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Show Notes

... We'll also get into some app news, conference updates, and talk more tax, as we wander through the land of IRS troubles.

02:10 – Listener Mail: On the Sovietness of Timesheeting 

06:34 – Listener Message: Squarely Tax – Cash App gets in the tax game

Taxes Help

https://taxeshelp.cash.app/s/article/What-forms-and-situations-does-Cash-App-Taxes-support

07:16 – TurboTax and Coinbase Team Up to Help You Invest Your Refund in Cryptocurrency

https://blog.turbotax.intuit.com/turbotax-news/turbotax-and-coinbase-team-up-to-help-you-invest-your-refund-in-cryptocurrency-50791/

TurboTax: Deposit your tax refund into your Coinbase account       

https://rb.gy/azugh5

09:24 – New bill would change tax rules for cryptocurrency purchases

https://www.accountingtoday.com/news/lawmakers-introduce-virtual-currency-tax-fairness-act

10:01 – Intuit CEO warns of tax bill shock for Bitcoin, NFT traders   

https://www.accountingtoday.com/articles/intuit-ceo-warns-of-tax-bill-shock-for-bitcoin-nft-traders

13:38 – Why Is Matt Damon Shilling for Crypto?       

https://www.nytimes.com/2022/02/02/magazine/matt-damon-crypto.html?referringSource=articleShare

15:59 – Listener Voicemail: Anti-Crypto Boo! 

18:58 – Blake responds ... 

23:38 – ACH Network up to 29.1B Payments Valued at $72.6T in 2021

https://www-pymnts-com.cdn.ampproject.org/c/s/www.pymnts.com/news/faster-payments/2022/ach-network-up-to-29-1b-payments-valued-at-72-6t-in-2021/amp/

24:06 - Crypto, NFTs are rife with ‘mountains’ of fraud, IRS says      

https://www.accountingtoday.com/articles/crypto-nfts-are-rife-with-mountains-of-fraud-irs-says

26:24 – Deluxe Reports 6% YoY Growth in Checks Segment

https://www.pymnts.com/news/b2b-payments/2022/deluxe-reports-6-percent-yearly-growth-checks-segment/

26:59 – Deluxe Corporation (DLX) CEO Barry McCarthy On Q4 2021 Results - Earnings Call Transcript

https://seekingalpha.com/article/4483948-deluxe-corporation-dlx-ceo-barry-mccarthy-on-q4-2021-results-earnings-call-transcript

27:24 – More Listener Mail: Splitting Bad Haircuts

29:41 – When you log in to your IRS account this tax season you'll likely have to use ID.me to verify your identity. The service scoops up a huge pool of personal data that police and other authorities could tap into.

https://www.businessinsider.com/irs-partner-idme-logs-inferred-citizenship-all-users-data-privacy-2022-2?utm_source=pocket_mylist

31:00 – GOP lawmakers move to stop IRS facial recognition technology

https://www.accountingtoday.com/news/gop-lawmakers-move-to-stop-irs-facial-recognition-technology

32:25 – IRS to add 1,200 employees as agency confronts delays, backlog   

https://www.accountingtoday.com/articles/irs-to-add-1-200-employees-as-agency-confronts-delays-backlog

33:10 – What’s the IRS Hiding?          

https://cpatrendlines.com/2022/02/01/whats-the-irs-hiding/

35:22 – Even More Listener Mail: The Prometric Remote-Testing Faux Pas

36:41 – You guessed it – Listener Message: Another Disgruntled CPA looking for Work-Study Credit

37:45 – Weeks after a ransomware attack, some workers still worry about paychecks

https://www.nbcnews.com/tech/security/weeks-ransomware-attack-workers-still-worry-paychecks-rcna14186

38:53 – Intuit warns of phishing emails threatening to delete accounts

https://www.bleepingcomputer.com/news/security/intuit-warns-of-phishing-emails-threatening-to-delete-accounts/

41:15 – Important update - Xerocon date change - Xero Blog          

https://www.xero.com/blog/2022/02/xerocon-new-orleans-date-change/

43:15 – Keri Gohman new CEO @ Abacus Next         

https://twitter.com/kerigohman/status/1488242061811744768?s=12

45:48 – Pennylane wants to overhaul the accounting tech stack in France  

https://techcrunch.com/2022/01/30/pennylane-wants-to-overhaul-the-accounting-tech-stack-in-france/

48:39 – Lendio’s Sunrise Financial Platform Delivers Small Businesses Premier Tools Built To Save Time and Money

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Show Notes

... We're also covering assorted listener mail around our Tether talk from Episode 263, why it may be wise to avoid that Prometric remote testing, and how bosses can also be less than honest when it comes to timesheets. We've got app news, fintech news, and so much more. Enjoy! 

03:35 - You know that portal you are sending clients to...

https://twitter.com/davidleary/status/1486426809054887939?s=12

07:39 – The logic of Typeform

12:56 – Saying goodbye to TurboTax 

16:44 - USDC audited     

https://twitter.com/jacobbschroeder/status/1487470168246784009?s=12

18:13 - Tether's New Accounting Firm Is the Old One, With Baggage

https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/

19:16 – The Case of the Missing Billable Hours 

21:30 - Avoid Prometric Remote Tests! 

23:13 - NFL star's massive tax bill highlights problems with BTC salaries

https://cointelegraph.com/news/nfl-star-s-massive-tax-bill-highlights-problems-with-btc-salaries/amp

26:15 - IRS kicks off challenging tax season

https://www.accountingtoday.com/news/irs-kicks-off-challenging-tax-season

27:22 - IRS Child Tax Credit letters may have wrong information

https://www.accountingtoday.com/news/irs-child-tax-credit-letters-may-have-wrong-information

29:05 - AICPA notes IRS announcement on notices, asks Service to do more - Journal of Accountancy

https://www.journalofaccountancy.com/news/2022/jan/aicpa-notes-irs-announcement-on-notices-asks-more.html

31:47 - Announcing Plaid Portal: An ongoing commitment to data privacy

https://plaid.com/blog/data-privacy-week-2022/

Plaid Debuts Data Privacy Tool Plaid Portal

https://www.pymnts.com/digital-payments/2022/plaid-debuts-data-privacy-tool-plaid-portal/

35:52 - The IRS is reportedly looking for ID.me alternatives amid privacy concerns

https://www.theverge.com/2022/1/29/22907853/irs-idme-facial-recognition-alternatives-privacy-concerns

38:43 - PPP and IRS Disappointment

https://www.nber.org/papers/w29669

40:20 - Here’s where billions in PPP cash meant for workers actually ended up going

https://www.dallasnews.com/business/banking/2022/01/21/heres-where-billions-in-ppp-cash-meant-for-workers-actually-ended-up-going/

46:35 - Apple (AAPL) to Let iPhones Accept Credit Cards in Threat to Square – Bloomberg

https://www.bloomberg.com/news/articles/2022-01-27/apple-to-let-iphones-accept-credit-cards-without-extra-hardware

Apple Makes New Moves to Turn iPhones into Payment Terminals

https://www.pymnts.com/apple/2022/apple-iphones-will-soon-serve-as-payment-terminals-in-jolt-to-square/

48:59 - Expensify Releases First-Ever Corporate Card for CPAs and Accounting Firms

https://www.businesswire.com/news/home/20220124005167/en/Expensify-Releases-First-Ever-Corporate-Card-for-CPAs-and-Accounting-Firms

55:29 - Walmart’s FinTech Hazel Acquires Even and One to Build Finance Super App

https://www.pymnts.com/acquisitions/2022/walmarts-fintech-hazel-acquires-even-and-one-to-build-finance-super-app

Walmart-Backed Fintech Startup Is Acquiring Two Firms and a New Name

https://www.wsj.com/articles/walmart-backed-fintech-startup-is-acquiring-two-firms-and-a-new-name-11643199601

55:54 - QuickBooks Launches 2 New SMB Tools

https://www.pymnts.com/smbs/2022/quickbooks-launches-2-new-smb-tools/

57:09 - Play Wordle in Google Sheets | Zapier     

https://zapier.com/blog/wordle-in-google-sheets/

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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

01:37 – FBI says crooks are using fake QR codes to steal money

https://www.cnn.com/2022/01/19/politics/fbi-qr-codes-cybercrime/index.html

06:31 – Managers are now quitting during busy season: what is going on? 

https://www.reddit.com/r/Accounting/comments/s8nq0r/managers_are_now_quitting_during_busy_season_what/

06:55 – You Quit. I Quit. We All Quit. And It’s Not a Coincidence.

https://www.nytimes.com/2022/01/21/business/quitting-contagious.html

Great Resignation repositions accountants

https://www.accountingtoday.com/news/great-resignation-repositions-accountants

08:23 – Blake gets an Oculus! 

13:02 – Cryptocurrency Is a Giant Ponzi Scheme 

https://jacobinmag.com/2022/01/cryptocurrency-scam-blockchain-bitcoin-economy-decentralization

18:45 – Crypto Mystery: Where’s the $69 Billion Backing the Stablecoin Tether? – Bloomberg

https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether

28:10 – MicroStrategy Plummets as SEC Rejects Its Bitcoin Accounting (3)

https://news.bloombergtax.com/financial-accounting/sec-rejects-microstrategys-bitcoin-accounting-strategy

34:00 – Fed opens debate over a U.S. central bank digital currency with long-awaited report.

https://www.nytimes.com/2022/01/20/business/fed-digital-currency.html?referringSource=articleShare

Crypto firms gear up for battles over new rules in Washington | Accounting Today

https://www.accountingtoday.com/articles/crypto-firms-gear-up-for-battles-over-new-rules-in-washington

35:06 – Eric Adams, a Bitcoin Booster, Is Taking First Paycheck in Crypto

https://www.nytimes.com/2022/01/20/nyregion/eric-adams-bitcoin-cryptocurrency.html

35:51 – IRS begins requiring new ID system for accessing online accounts | Accounting Today

https://www.accountingtoday.com/news/irs-begins-requiring-new-id-system-for-accessing-online-accounts

IRS will require taxpayers to sign up with ID.me to access their online accounts

https://www.cbsnews.com/news/irs-tax-file-2022-id-me/

40:37 – H&R Block launches the challenger bank it teased last year | Accounting Today

https://www.americanbanker.com/news/h-r-block-launches-the-challenger-bank-it-teased-last-year

41:30 – Digital Bank Chime Looks to Go Public With $40B IPO

https://www.pymnts.com/news/ipo/2022/digital-bank-chime-looks-to-go-public-with-40b-ipo/

41:51 – NetSuite Cash 360 Helps Organizations Effectively Manage Cash Flow | NetSuite

https://www.netsuite.com/portal/company/newsroom/netsuite-cash-360-helps-organizations-effectively-manage-cash-flow.shtml

43:05 – HoneyBook, jaris Team on Managing Client, Cash Flow

https://www.pymnts.com/partnerships/2022/honeybook-jaris-team-on-managing-client-cash-flow/

43:42 – AI-powered tax platform April launches after $10M seed round | Accounting Today

https://www.accountingtoday.com/news/ai-powered-tax-platform-april-launches-after-10m-seed-round

Israeli startup April raises $10 million in Seed funding for U.S tax platform

https://m.calcalistech.com/Article.aspx?guid=3927452

48:02 – When it comes to billing clients, what is your current process?

https://twitter.com/ignitionapp/status/1483481623916351492?s=12

53:10 – Tally Street is now part of Rootworks

https://tallystreet.com/2022/tally-street-rootworks/

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

02:23 – IRS opens Free File program for 2022

https://www.accountingtoday.com/news/irs-opens-free-file-program-for-2022

04:06 – Online tax filing. You’ve got this.

https://earmark.link/a1j

06:26 – Let’s find the right tax solution for you

https://turbotax.intuit.com/personal-taxes/online/live/

08:51 – Jackson Hewitt offers $25 flat fee for DIY tax prep | Accounting Today      

https://www.accountingtoday.com/news/jackson-hewitt-offers-25-flat-fee-for-diy-tax-prep

10:00 – IRS targets your side hustle in crackdown on transactions over $600 | Accounting Today            

https://www.accountingtoday.com/articles/irs-targets-your-side-hustle-in-crackdown-on-transactions-over-600

12:06 – IRS to Start Accepting Tax Returns on Jan. 24, 2022 | CPA Practice Advisor       

https://www.cpapracticeadvisor.com/tax-compliance/news/21252603/irs-to-start-accepting-tax-returns-on-jan-24-2022

12:18 – IRS adds new members to Advisory Council

https://www.accountingtoday.com/news/irs-adds-new-members-to-advisory-council

12:51 – AICPA CEO Melancon concerned about IRS bottleneck ahead of tax season | Accounting Today 

https://www.accountingtoday.com/news/aicpa-ceo-melancon-concerned-about-irs-bottleneck-ahead-of-tax-season

15:41 – IRS is in crisis, Taxpayer Advocate warns

https://www.cbsnews.com/news/irs-crisis-taxpayer-advocate-warns/

23:17 – Listener email - Illinois CPA 150 to 120 hours and a request for advice         

27:33 – CAP Listener Dan Luthi’s thoughts on the educational gap  

33:24 – After $1B Fundraise, Checkout CEO Says Company Is 100% Enterprise Focused

https://www.pymnts.com/news/investment-tracker/2022/after-1b-fundraise-checkout-ceo-company-100-pct-enterprise-focused/

34:33 – Coinbase Buys Crypto Futures Platform FairX - CFO 

https://www.cfo.com/ma/2022/01/coinbase-buys-crypto-futures-platform-fairx/

36:24 – GoFundMe Acquiring Nonprofit Software Firm Classy

https://www.pymnts.com/acquisitions/2022/gofundme-acquiring-nonprofit-software-firm-classy/

37:31 – Tax leaders looking for better tech skills | Accounting Today            

https://www.accountingtoday.com/news/tax-leaders-looking-for-better-tech-skills

38:13 – Edmonton-based Jobber raises $76 million CAD growth equity round

https://betakit.com/edmonton-based-jobber-raises-76-million-cad-growth-equity-round/

39:26 – Wagepoint acquires Timesheet Mobile to expand line of powerful, friendly small business tech

https://www.newswire.ca/news-releases/wagepoint-acquires-timesheet-mobile-to-expand-line-of-powerful-friendly-small-business-tech-869887442.html

40:23 – IMA offers remote testing for CMA and CSCA exams | Accounting Today 

https://www.accountingtoday.com/news/ima-offers-remote-testing-for-cma-and-csca-exams

43:49 – Deloitte Launches Unlimited Reality: An Experience and Impact Offering for Virtual Worlds

https://www.prnewswire.com/news-releases/deloitte-launches-unlimited-reality-an-experience-and-impact-offering-for-virtual-worlds-301460142.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

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Show Notes

01:47 – Another reconciliation issue for David 

03:56 – Shortbread | Encyclopedia.com         

https://www.encyclopedia.com/places/asia/indian-political-geography/shortbread

06:03 – Accounting firms face the Great Resignation | Accounting Today

https://www.accountingtoday.com/news/accounting-firms-face-the-great-resignation

06:37 ­– Tips for recruiting and retention in a 'Great Resignation' world | Accounting Today

https://www.accountingtoday.com/list/tips-for-recruiting-and-retention-in-a-great-resignation-world

10:18 – You guys weren’t joking about busy season. : Accounting

https://www.reddit.com/r/Accounting/comments/rxudnu/you_guys_werent_joking_about_busy_season/

16:48 – 50 Accounting Puns for CPAs, Accountants, and Anyone Who Needs a Laugh During Tax Season

https://parade.com/1316855/jessicasager/accounting-puns/

19:29 – Elizabeth Holmes and her Big 4 audit firm buddies at Theranos

https://thedig.substack.com/p/elizabeth-holmes-and-her-big-4-audit

Timing of auditor firings raises questions | Accounting Today

https://www.accountingtoday.com/news/timing-of-auditor-firings-raises-questions

27:15 – California’s $1 billion accounting program delayed again, could affect state’s credit

https://www.sacbee.com/news/politics-government/the-state-worker/article257054247.html

30:01 – Bank accidentally deposits $176 million into people's accounts on Christmas Day

https://www.cnbc.com/2021/12/31/santander-accidentally-put-millions-into-random-accounts-on-christmas-day.html

31:03 – Kronos outage latest: Attackers crippled backup access

https://thestack.technology/kronos-outage-latest-ransomware-backups/

Kronos outage latest: back-ups hit; Log4j not involved.        

https://thestack.technology/kronos-outage-latest-ransomware-backups/

34:32 – Confessions of an ex-partner | Accounting Today

https://www.accountingtoday.com/opinion/confessions-of-an-ex-partner

38:34 – QuickBooks to air first Super Bowl spot for its own brand

https://adage.com/article/special-report-super-bowl/super-bowl-commercials-quickbooks-air-spot-own-brand/2391066

40:04 – PayPal Explores Launch of Own Stablecoin in Crypto Push

https://www.bloomberg.com/news/articles/2022-01-07/paypal-is-exploring-launch-of-own-stablecoin-in-crypto-push

43:23 – LinkedIn is taking on Zoom and Microsoft Teams with a new audio and video events platform

https://www.techradar.com/news/linkedin-is-taking-on-zoom-and-microsoft-teams-with-a-new-audio-and-video-events-platform

45:08 – Ready for Tech Transformation?

https://cpatrendlines.com/2022/01/06/are-cpas-ready-for-accounting-to-transform/

48:08 – Ted on Tech: Time for a home office update? | Accounting Today

https://www.accountingtoday.com/news/ted-on-tech-time-for-a-home-office-update

54:26 – The 2021 Controller Awards: Call for Applicants    

https://controllerscouncil.org/the-2021-controller-awards-call-for-applicants/

55:56 – Controller and Corporate Accounting/Finance Statistics

https://controllerscouncil.org/controller-and-corporate-accounting-finance-statistics/

57:59 – Accounting Firms Scoop Up Virtual Land in the Metaverse

https://www.wsj.com/articles/accounting-firms-scoop-up-virtual-land-in-the-metaverse-11641599590

61:25 – Tax pros should prepare for ‘grueling’ year: NATP | Accounting Today

https://www.accountingtoday.com/news/tax-pros-should-prepare-for-grueling-year-natp

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 u...

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Show Notes

02:05 - QuickBooks Saves David’s Day 

05:12 - 9 Valley people indicted in PPP fraud scheme totaling more than $23 million 

https://www.abc15.com/news/state/9-valley-people-indicted-in-ppp-fraud-scheme-totaling-more-than-23-million 

06:09 - How a Relief Fund for Restaurants Picked Winners and Losers 

https://www.nytimes.com/2021/12/24/business/restaurant-revitalization-fund-problems.html 

07: 51 - All West Virginia state employees will get paid Friday, even after Kronos ransomware attack 

https://www.wowktv.com/news/west-virginia/all-west-virginia-state-employees-will-get-paid-friday-even-after-kronos-ransomware-attack/ 

12:35 - Nancy Bagranoff, CPA, DBA 

https://www.journalofaccountancy.com/issues/2022/jan/nancy-bagranoff-cpa-dba.html 

14:55 - Why I quit an accountancy career to be a prison officer 

https://www.bbc.com/news/uk-59691026 

17:14 - Audit profession unattractive to new recruits, says PwC boss | Financial Times 

https://www.ft.com/content/a8c60322-3e56-4889-b346-e34d3c5f1e97 

20:16 - Big Four Accounting Firm Enters the Metaverse With Purchase of Virtual Land in The Sandbox (SAND) 

https://dailyhodl.com/2021/12/24/big-four-accounting-firm-enters-the-metaverse-with-purchase-of-virtual-land-in-the-sandbox-sand/ 

22:09 - A DoorDash employee making $400K a year complained about a company-wide initiative requiring that he personally make one delivery a month 

https://www.businessinsider.com/doordash-employee-making-400k-complains-about-one-delivery-a-month-2021-12 

25:34 - Elon Musk says his wealth not a 'deep mystery,' my taxes are super simple  

https://www.cnbc.com/2021/12/22/elon-musk-says-his-wealth-isnt-a-deep-mystery-his-taxes-are-simple.html 

29:19 - Can the IRS be trusted with your data? | Accounting Today  

https://www.accountingtoday.com/articles/can-the-irs-be-trusted-with-your-data 

33:56 - What's new in QuickBooks Online: December 2021 – QuickBooks 

https://quickbooks.intuit.com/blog/whats-new/whats-new-in-quickbooks-online-december-2021/ 

38:02 - What’s new in Intuit® ProConnect™ Tax 2022 

https://proconnect.intuit.com/taxprocenter/proconnect/whats-new-in-intuit-proconnect-tax-2022/ 

40:26 - IRIS Software Group Acquires AccountantsWorld to Help North American CPAs and Accountants Expand Their Client Accounting Services and Improve Practice Management Efficiencies With Cloud-Based Payroll 

https://www.businesswire.com/news/home/20211230005026/en/IRIS-Software-Group-Acquires-AccountantsWorld-to-Help-North-American-CPAs-and-Accountants-Expand-Their-Client-Accounting-Services-and-Improve-Practice-Management-Efficiencies-With-Cloud-Based-Payroll 

41:34 - LiveFlow raises $3.5M in seed funding for fintech | Accounting Today 

https://www.accountingtoday.com/news/liveflow-raises-3-5m-in-seed-funding-for-fintech 

43:58 - Expensify reports 72% revenue jump in Q3 | Accounting Today 

https://www.accountingtoday.com/news/expensify-reports-72-revenue-jump-in-q3 

48:26 - VCs say Web3, party rounds, and New York's resurgence are among the tech trends to watch in 2022 

https://www.businessinsider.com/tech-trends-venture-capital-startups-predictions-2022 

All the Trends, and Predictions Reading:  

5 ways the Metaverse will change accounting | Accounting Today 

https://www.accountingtoday.com/list/5-ways-the-metaverse-will-change-accounting 

Data Technology Trends That Will Reshape the Future of Accounting 

https://www.smartdatacollective.com/data-technology-trends-that-will-reshape-future-of-accounting/ 

In Firm: 2022 IT Predictions and 2021 Results 

https://www.cpapracticeadvisor.com/accounting-audit/article/21250348/in-firm-2022-it-predictions-and-2021-results 

Importance of Payroll Service and Top HR Trends to Know About in 2022 

https://factstea.com/payroll-service-hr-trends-know-2022/ 

5 Small Business Trends to Expect in 2022 

https://www.paycheckcity.com/insights/5-small-business...