The Accounting Podcast

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Show Notes

• 02:23 – Blake and David recap the ongoing iNSYNQ ransomware debacle
• 03:07 – Official iNSYNQ ransomware update (https://www.insynq.com/support/#status)
• 04:00 – iNSYNQ feedback from unhappy Tweeters 
• 05:12 – Homeland Security's October 2018 warning about possible ransomware attacks (https://www.msspalert.com/cybersecurity-news/dhs-warning-msps-csps/) 
• 06:18 – Tweeting with iNSYNQ CEO Elliot Luchansky on 7/23 before he backed out of the interview (https://twitter.com/BlakeTOliver/status/1153550898435485696?s=20)
• 08:21 – Get a clue - You can't control the conversation
• 08:59 – Should Intuit do more to protect customer data? (http://www.intuithostingprogram.com/authorized_hosts.php) 
• 11:01 – From the Intuit Hosting Program FAQs - "The Commercial and Standard Hosts who participate in the program are solely responsible for the security, privacy, availability and backup of QuickBooks data files and the software that they host, in accordance with their end user hosting service agreements" (http://www.intuithostingprogram.com/faqs.php)
• 12:40 – Meanwhile, on Apps.com, out of 650 apps, only one has been breached
• 13:36 – Wake-up call to hosting providers (https://www.channele2e.com/news/msp-judgment-day/) 
• 14:14 – Blake's take on the iNSYNQ Situation
• 15:28 – Jack Newton on the "unholy combination" of cloud and on-prem technologies - (https://twitter.com/jack_newton/status/1154368009906970625)
• 16:51 – Slightly ironic? Five Ways to Avoid a Ransomware Attack (https://www.insynq.com/blog/5-ways-to-avoid-a-ransomware-attack/)
• 17:27 – Rachel sheds light on some of Sage's cloud and desktop hosting elements
• 22:30 – How "Six Ways How Cloud Computing Improves Accounting Practices" confuses the issue of  cloud v. desktop  (https://www.hostreview.com/blog/190723-6-ways-how-cloud-computing-improves-accounting-practices)
• 24:56 – Rachel talks about MindBridge, and the benefits of using AI for audits
• 28:15 – Part of MindBridge's successful marketing campaign (https://www.mindbridge.ai/university-alliance-alumni/)
• 32:44 – According to Michael Izza, ICAEW Chief Executive, the auditing profession needs to "be prepared to think and act differently" (https://www.cpacanada.ca/en/news/pivot-magazine/2018-08-28-michael-izza-interview)
• 34:04 – Words of wisdom for auditors (https://www.cpacanada.ca/en/news/pivot-magazine/2019-02-26-mindbridge-ai-auditing)
• 35:35 – Where IS the best place to find top-level accounting talent? (https://www.accountingtoday.com/opinion/where-should-you-be-looking-for-top-accounting-talent)
• 37:36 – The IRS issues some 10,000 gentle reminders about cryptocurrency filing obligations (https://www.journalofaccountancy.com/news/2019/jul/virtual-currency-irs-filing-201921691.html)
• 38:30 – How to pay your $3 million IRS bill in cash (https://www.foxbusiness.com/politics/pot-company-ceo-tax-bill-cash)
• 40:19 – Expensify takes home some bling for its 2019 Super Bowl 2 Chainz video (https://www.accountingtoday.com/news/expensify-wins-big-in-cannes-for-2-chainz-video)
• 43:08 – Using Microsoft Excel’s Power Query might leave you vulnerable to malware attacks (https://www.zdnet.com/article/microsoft-excel-power-query-feature-can-be-abused-for-malware-distribution/)
• 44:16 – SMB lender OnDeck wants to become a bank (https://bankinnovation.net/allposts/operations/comp-reg/smb-lender-ondeck-actively-pursuing-bank-charter/)
• 45:26 – Lendio, another SMB player, acquires Billy, a cloud-accounting app, rebranding it as Sunrise, perhaps offering a ‘light’ alternative to QBO and Xero (https://smallbiztrends.com/2019/07/sunrise-bookkeeping-app.html)
• 47:37 – California wants to increase truth-in-lending protections for small business borrowers (https://www.pymnts.com/loans/2019/california-proposed-business-lending-rules-draw-support/)
• 49:30 – 59 percent of larger firms still haven’t tackled payment automation (https://www.pymnts.com/news/payments-innovation/2019/mastercard-on-tackling-ap-automation-last-mile/)
• 51:24 – Gusto’s Series-D round raises $200 million for East Coast expansion and continued development on its Flexible Pay feature (https://techcrunch.com/2019/07/24/smb-payroll-startup-gusto-raises-200m-series-d-plans-rd-expansion-to-nyc/)

Connect with Rachel

• Rachel Fisch on Twitter: @FischBooks 
• LinkedIn: Rachel Fisch, CPB

Get in Touch

Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

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• O...

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• LivePlan: http://cloudaccountingpodcast.promo/liveplan 
• HalonTax: http://cloudaccountingpodcast.promo/halontax
• TOA Global: http://cloudaccountingpodcast.promo/toaglobal

Show Notes

• 00:56 – Welcome to The Cloud Accounting Podcast
• 01:06 – David's at Scaling New Heights
• 01:38 – Mayumi talks about life before CPA MOMS®
• 03:13 – Why CPA MOMS® wants to be the “eHarmony” of the accounting world
• 05:45 – How CPA MOMS® helps its mompreneurs – the CPA Moms – provide top-level service to entrepreneurs
• 08:25 – Why CPA MOMS® is the perfect fit for military spouses and other remote or virtual service providers
• 09:44 – Thanks to our sponsor, Halon Tax, you can provide a little peace of mind to your small business clients! 
• 11:11 – How gender, and location affect pricing for CPA services. 
• 12:42 – Mayumi explains why accountants and bookkeepers are becoming the bookends of technology. 
• 15:15 – What is Society 5.0 and how will it make our lives better? 
• 16:52 – Comparing Society 5.0 and the Information Age – which one wins? 
• 18:38 – When will we see CPA DADS? 
• 19:39 – Visit the CPA MOMS® to learn more about the company, find a wealth of resources, and discover your CPA pathway

Connect with Mayumi

• @MayumiYoung on Twitter https://twitter.com/MayumiYoung
• Mayumi Young, CPA https://www.linkedin.com/in/mayumiyoung/

Connect with CPA MOMS®

• CPA MOMS® Website https://cpa-moms.com/
• CPA MOMS® on Facebook https://www.facebook.com/cpamoms
• CPA MOMS® on Twitter https://twitter.com/cpamoms

Get in Touch

Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

This episode was recorded live at the Accounting & Finance Show LA at the Los Angeles Convention Center on July 24, 2019.

Sponsor

• Accounting & Finance Show LA: http://cloudaccountingpodcast.promo/accountingshowla 

Show Notes 

• 02:31 — QuickBooks Cloud Hosting Firm iNSYNQ Hit in Ransomware Attack — Krebs on Security (https://krebsonsecurity.com/2019/07/quickbooks-cloud-hosting-firm-insynq-hit-in-ransomware-attack/)
• 09:50 — Trump’s Tax Law Threatened TurboTax’s Profits. So the Company Started Charging the Disabled, the Unemployed and Students. — ProPublica (https://www.propublica.org/article/trump-tax-law-threatened-turbotax-profits-started-charging-disabled-unemployed-and-students)
• 13:42 — SURVEY: 60% of Firms Employ Remote Access Tools (https://cpatrendlines.com/2019/07/14/survey-60-of-firms-employ-remote-access-tools/)
• 16:22 — About Marie Phillips, CPA (https://www.linkedin.com/in/phillipsmarie/)
• 19:28 — Here's where you can have a 4-day work week. Is this the next big thing? (https://www.usatoday.com/story/money/2019/07/17/jobs-4-day-work-week-next-bif-thing/1748695001/)
• 24:58 — The problem(s) with timesheets
• 32:00 — About Jennie Taber, CPA: (https://www.linkedin.com/in/jennie-taber-cpa-778408120/)

Connect with Marie 

• Marie Phillips, CPA: https://www.linkedin.com/in/phillipsmarie/
• Gursey | Schneider LLP: https://www.gursey.com/

Connect with Jennie 

• Jennie Taber, CPA: https://www.linkedin.com/in/jennie-taber-cpa-778408120/
• Armanino LLP: https://www.armaninollp.com/

Get in Touch 

Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsors

• TOA Global: http://cloudaccountingpodcast.promo/toaglobal
• LivePlan: http://cloudaccountingpodcast.promo/liveplan
• Halon Tax: http://cloudaccountingpodcast.promo/halontax

Show Notes

• 1:20 - Ben’s view of advisory and where it fits in with compliance
• 4:36 - What is Ben’s biggest challenge in his role as VP of Business Growth in the Americas?
• 5:53 - The importance of book-to-tax workflow
• 8:23 - Ben’s background (how he got to be where he’s at)
• 10:28 - The problem with going too far into the future with sessions at conferences (thought leaders are scaring firms about blockchain when hardly anybody is using it yet)
• 12:38 - The biggest barrier to innovation for large accounting firms in the United States
• 15:10 - What if accountants just focused on their processes?

Connect with Ben

• LinkedIn: https://www.linkedin.com/in/ben-richmond-ca-b8794220/
• Twitter: https://twitter.com/benrichmond1 
• Email: [email protected] 

Links

• Deloitte's 2019 Global Blockchain Survey: (https://www2.deloitte.com/content/dam/insights/us/articles/2019-global-blockchain-survey/DI_2019-global-blockchain-survey.pdf)

Subscribe 

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Get in Touch

Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Sponsors

• FloQast:  http://cloudaccountingpodcast.promo/floqast
• AutoEntry: http://cloudaccountingpodcast.promo/autoentry

Show Notes

• 00:53 - Welcome to the Cloud Accounting Podcast!
• 00:57 - Amazon’s Latest Experiment: Retraining Its Work Force | NYTimes (https://www.nytimes.com/2019/07/11/technology/amazon-workers-retraining-automation.html)
• 05:23 - The end of the war for talent? | Accounting Today (https://www.accountingtoday.com/news/the-end-of-the-war-for-accounting-talent)
• 08:39 - Companies use this creative trick keep wages stagnant, even in a strong economy | MarketWatch (https://www.marketwatch.com/story/this-theory-could-help-explain-why-wages-arent-rising-faster-2018-08-06)
• 12:00 - Microsoft Teams reaches 13 million daily active users, introduces 4 new ways for teams to work better together | Microsoft (https://www.microsoft.com/en-us/microsoft-365/blog/2019/07/11/microsoft-teams-reaches-13-million-daily-active-users-introduces-4-new-ways-for-teams-to-work-better-together/)
• 14:32 - We talked to 10 Robinhood insiders about how the $6 billion trading app botched a launch so badly Congress got involved | Business Insider (https://www.businessinsider.com/robinhood-millennial-trading-app-ignored-rules-checking-and-savings-2019-7)
• 17:47 - Bill.com Doubles Currencies and Countries for No-Fee International Payments | Insightful Accountant (https://www.intuitiveaccountant.com/vendor-news/bill-com-doubles-currencies-and-countries-for-no-fee-interna/)
• 19:20 - MindBridge Ai gets $11M in new funding to accelerate AI development | Accounting Today (https://www.accountingtoday.com/news/mindbridge-ai-gets-11m-in-new-funding-to-accelerate-ai-development)
• 20:21 - Kabbage secures $200M to fuel its AI-based loans platform for small businesses | TechCrunch (https://techcrunch.com/2019/07/02/kabbage-secures-200m-to-fuel-its-ai-based-loans-platform-for-small-businesses/)
• 22:04 - CPAs see risks in complex financial instruments and derivatives | Accounting Today (https://www.accountingtoday.com/news/cpas-see-risks-in-complex-financial-instruments-and-derivatives)
• 26:13 - Monopoly Goes Cashless, Games Gain Popularity | PYMNTS.com (https://www.pymnts.com/innovation/2019/monopoly-goes-cashless-board-games-gain-popularity/)
• 28:39 - myGov website goes down affecting tax return services | Twitter (https://twitter.com/i/events/1149484643801939970)
• 30:47 - Follow @BlakeTOliver and @DavidLearn on Twitter
• 31:32 - Meet us in person at the Accounting & Finance Show LA (https://www.terrapinn.com/exhibition/accounting-finance-show-la/index.stm)

Get in Touch

Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
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Sponsors

• Halon Tax: http://cloudaccountingpodcast.promo/halontax
• TOA Global: http://cloudaccountingpodcast.promo/toaglobal
• LivePlan: http://cloudaccountingpodcast.promo/liveplan

Show Notes 

Coming soon! 

Get in Touch

Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsors

• FloQast: http://cloudaccountingpodcast.promo/floqast
• AutoEntry: http://cloudaccountingpodcast.promo/autoentry

Show Notes

• 00:53 - Welcome to the Cloud Accounting Podcast!
• 04:34 - A California law now means chatbots have to disclose they’re not human | Quart
• 07:21 - 73% Think It's OK to Text Clients After Business Hours | SmallBizTrends
• 10:28 - Layoff Watch ’19: Walmart Accountants and Finance Workers In Charlotte, NC | Going Concern
• 14:58 - MYOB glitch sees 220 payment summaries sent in error | Accountants Daily
• 17:41 - Deloitte flash poll: "What is your organization’s biggest challenge associated with controllership transformation?"
• 21:43 - Fifty Years, Little Progress for Black Accountants | Bloomberg Tax
• 23:47 - Proposal would enable adaptive-learning CPE self-study for CPAs | Journal of Accountancy
• 29:25 - Subscribe to show notes via email

Get in Touch

Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsor

• FloQast: http://cloudaccountingpodcast.promo/floqast

Show Notes

Coming Soon! 

Get in Touch

Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsor

• FloQast: http://cloudaccountingpodcast.promo/floqast

Show Notes

• 00:53 - Welcome to the Cloud Accounting Podcast
• 01:16 - We're at AICPA ENGAGE 2019
• 02:09 - What are the top threats facing the accounting profession?
• 04:53 - If I'm not doing audit, why would I go to the trouble of being a CPA firm these days?
• 06:07 - What's going on with the CPA in Canada
• 09:22 - Over the last 8 years, CPA hires have increased 4% but non-CPA hires have increased 10%
• 12:03 - What's with this Canadian firm getting sued by the SEC?
• 15:04 - Tom Maxwell on Twitter: "Do you text with your clients?"
• 20:15 - What do you see as the best opportunities for CPAs as robots take over lower level tasks?
• 30:13 - Follow @fischbooks, @byron_cpa, and @LizzyNorMa on Twitter

Get in Touch

Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsors

• Halon Tax: http://cloudaccountingpodcast.promo/halontax
• TOA Global: http://cloudaccountingpodcast.promo/toaglobal
• LivePlan: http://cloudaccountingpodcast.promo/liveplan

Show Notes

• 00:53 - Welcome to the Cloud Accounting Podcast!
• 01:27 - What are you looking forward to the most at Scaling New Heights?
• 02:40 - How is the balance between desktop and cloud at the conference?
• 04:05 - What do you think about the Right Networks QB Desktop "Always On" announcement?
• 06:23 - Why not just shift to full cloud accounting?
• 07:53 - Any other SNH highlights?
• 08:32 - What's next for the Desktop Accounting Podcast?
• 09:04 - Follow the Desktop Accounting Podcast on Twitter

Get in Touch

Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast