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The Accounting Podcast

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The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.

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United States

Description:

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.

Language:

English


Episodes
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Remote Accountants Get Paid Less

4/19/2024
Blake and David delve into the effects of remote work on accountant salaries and the mental health challenges faced by auditors at Big Four firms. They inspect a recent study showing lower pay for hybrid workers compared to fully remote or in-office employees. They also contemplate the future of work organization inspired by Bill Anderson, CEO of Bayer, and discuss the potential impact of AI on the accounting profession, the accuracy of AI-related surveys, and the misrepresentation of AI capabilities in recent news headlines. Sponsors LiveFlow - http://accountingpodcast.promo/liveflow Uncat - http://accountingpodcast.promo/uncat Earmark - https://earmark.app Settle - http://accountingpodcast.promo/settle Chapters Show Notes 71% of Big 4 Auditors Worry About Mental Health | CFO https://www.cfo.com/news/71-of-big-4-auditors-worry-about-mental-health/712063/ Will Getting Rid of Bosses Fix the Workplace? - The Journal. - WSJ Podcasts https://www.wsj.com/podcasts/the-journal/will-getting-rid-of-bosses-fix-the-workplace/fc0d31d3-2d08-441e-abd8-d77b660fe258 59% of accountants use AI to save about 30 hours a week on tasks | Accounting Today https://www.accountingtoday.com/news/59-of-accountants-use-ai-to-save-about-30-hours-a-week-on-tasks Y Combinator wants to fund new enterprise resource planning (ERP) software" https://www.instagram.com/reel/C3-zHmOIqbI/?igsh=dTMxMDBjNGg3a2p0 Ohtani translator charged with stealing millions for 19,000 bets | Accounting Today https://www.accountingtoday.com/articles/ohtani-translator-charged-with-stealing-millions-for-19-000-bets KPMG Fined Record $25 Million in Exam-Cheating Scandal – WSJ https://www.wsj.com/articles/kpmg-fined-25-million-over-alleged-netherlands-exam-cheating-a4dcba2a?st=yl6xiqm8nh6gug8 Botkeeper Infinite replaces outsourcing with more AI to help firms automate | Accounting Today https://www.accountingtoday.com/news/botkeeper-infinite-replaces-outsourcing-with-more-ai-to-help-firms-automate More Companies Adopt 4-Day Work Week - CPA Practice Advisor https://www.cpapracticeadvisor.com/2024/03/27/more-companies-adopt-4-day-work-week/103199/ When Layoffs Happen, Remote Workers Are Hardest Hit - WSJ https://www.wsj.com/lifestyle/careers/layoffs-remote-work-data-980ed59d?reflink=integratedwebview_share Does Working from Home Boost Productivity Growth? | San Francisco Fed https://www.frbsf.org/economic-research/publications/economic-letter/2024/january/does-working-from-home-boost-productivity-growth/ Trump Media's Accounting Firm Has Audit Deficiency History https://finance.yahoo.com/news/trump-media-accounting-firm-history-150150627.html Amazon's Just Walk Out Actually Uses 1,000 People in India https://www.businessinsider.com/amazons-just-walk-out-actually-1-000-people-in-india-2024-4 PCAOB Wallops KPMG Netherlands With Record $25M Fine For Exam Cheating https://www.cpapracticeadvisor.com/2024/04/10/pcaob-wallops-kpmg-in-the-netherlands-with-25-million-fine-for-exam-cheating/103803/ PCAOB crackdown shifting to focus on auditing firms https://www.accountingtoday.com/news/pcaob-crackdown-shifting-to-focus-on-auditing-firms PCAOB Proposal Would Require Audit Firms to Disclose a Variety of Metrics https://www.cpapracticeadvisor.com/2024/04/10/pcaob-issues-proposal-requiring-audit-firms-to-disclose-variety-of-metrics/103758/ PCAOB proposals call for firms to disclose more about themselves https://www.journalofaccountancy.com/news/2024/apr/pcaob-proposals-call-firms-to-disclose-more-about-themselves.html Only 48% of accounting, consulting, legal, and private capital professionals have used AI tools at work despite near ...

Duration:01:10:25

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Delivering Nuclear Value in Accounting

4/15/2024
Joe Woodard joins Blake and David to examine how accountants and bookkeepers can increase the value of their services in the eyes of their clients. Joe introduces the Cobb value curve, illustrating how differentiation and relative value impact pricing. He emphasizes the importance of offering unique, high-value services like controllership and financial planning to stand out from commoditized offerings and command premium prices. Meet Our Guest, Joe Woodard LinkedIn: https://www.linkedin.com/in/quickbooksadvisor Twitter: https://twitter.com/joewoodard Learn more about Woodard Website: http://www.woodard.com Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Duration:00:29:50

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Get Rich Doing Bad Audits

4/11/2024
Blake and David dive into the concerning trend of small CPA firms conducting shoddy audits of large companies and SPACs, raking in big fees while facing minimal consequences for deficient work. They also discuss the latest accounting app funding news, the power of AI for crafting persuasive arguments, and the American Institute of CPAs' puzzling resistance to changes in CPA licensure requirements and touch on the growing importance of client accounting services for public accounting firms. Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/cas Uncat - http://accountingpodcast.promo/uncat Earmark - https://earmark.app Chapters Show Notes Fieldguide Raises $30 Million to Combat CPA Shortage With AI https://www.pymnts.com/news/investment-tracker/2024/fieldguide-raises-30-million-to-combat-cpa-shortage-with-ai/ AI accounting startup raises $100M https://www.accountingtoday.com/articles/ai-accounting-startup-fundguard-raises-100m-in-new-funds On the Conversational Persuasiveness of Large Language Models: A Randomized Controlled Trial (PDF) https://arxiv.org/pdf/2403.14380.pdf?utm_source=www.therundown.ai&utm_medium=newsletter&utm_campaign=nvidia-s-new-ai-chip-competitor The year CAS took over https://www.accountingtoday.com/opinion/the-year-cas-took-over-accounting Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds Royalwise - https://royalwise.com/partner Forwardly - https://www.forwardly.com/ Classifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Duration:00:53:05

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Pizza Parties Boost Morale

4/4/2024
Blake and David dig through the latest accounting news, including the effectiveness of pizza parties in boosting accounting firm morale, the record number of baby boomers reaching retirement age, and the impact on Social Security, as well as the massive amount of COVID-related fraud originating in South Florida. They also take a look at audit integrity issues, the long working hours in accounting, and some of the latest app headlines. Sponsors LiveFlow - http://accountingpodcast.promo/liveflow Relay - http://accountingpodcast.promo/relay Bookkeep - http://accountingpodcast.promo/bookkeep Chapters Show Notes FTX Founder Sam Bankman-Fried Sentenced to 25 Years https://www.wsj.com/finance/currencies/sam-bankman-fried-sentencing-ftx-fraud-2d92fce9?st=d45lmr6uc8gg6wc Trump ‘cheats like a mafia accountant’ at golf, writer who played with him says - pennlive.com https://www.pennlive.com/news/2024/03/trump-cheats-like-a-mafia-accountant-at-golf-writer-who-played-with-him-says.html Big 4 Transparency - Awards Season 🏆 https://big4transparency.beehiiv.com/p/big-4-transparency-awards-season?utm_source=big4transparency.beehiiv.com&utm_medium=newsletter&utm_campaign=big-4-transparency-awards-season PCAOB bars Colorado firm Gries & Associates from doing audits | Accounting Today https://www.accountingtoday.com/news/pcaob-bars-colorado-firm-from-doing-audits San Francisco 49ers docked 2025 fifth-round draft pick for accounting error | FOX Sports https://www.foxsports.com/stories/nfl/san-francisco-49ers-docked-2025-fifth-round-draft-pick-for-accounting-error Grant Thornton gets major PE stake from New Mountain Capital | Accounting Today https://www.accountingtoday.com/news/grant-thornton-gets-major-pe-stake How Miami Became a Hub of PPP Fraud After Pandemic https://www.cpapracticeadvisor.com/2024/03/26/how-miami-became-a-hub-of-ppp-fraud-after-pandemic/103156/ Audit Plan to Flag Illegal Acts Needs Do-Over, Critics Charge https://news.bloombergtax.com/financial-accounting/audit-plan-to-flag-illegal-acts-needs-do-over-critics-charge Blackrock larry fink annual letter 8484e68e https://www.wsj.com/finance/investing/blackrock-larry-fink-annual-letter-8484e68e Ahead of sentencing, SBF team argues for 5-6 years in jail because FTX customers will get money back https://www.cnbc.com/2024/03/27/sbf-team-argues-for-5-6-year-sentence-ftx-customers-to-get-money-back.html The Home Stretch: Strategies & insights for today’s tax professionals as their busy season concludes https://www.thomsonreuters.com/en-us/posts/tax-and-accounting/home-stretch-tax-professionals/ Trump's social media company rises 16% in first day trading gains, but the stock could fall 95%, says an IPO expert https://fortune.com/2024/03/26/trump-social-media-rises-trading-gains-fall-expert/ FTX founder Sam Bankman-Fried gets 25 years in prison https://www.bankingdive.com/news/sam-bankman-fried-25-years-prison-fraud-conspiracy-ftx-crypto-sbf-kaplan-alameda/711601/ IRS Criminal Investigation Says COVID-Related Fraud Totaled Nearly $9 Billion https://www.forbes.com/sites/kellyphillipserb/2024/03/28/irs-criminal-investigation-says-covid-related-fraud-totaled-nearly-9-billion/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? ...

Duration:00:59:58

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Modern Pricing Models Drive Higher Valuations for Accounting Firms

4/3/2024
Blake and David meet with M&A advisor Charles Bedard about valuations for accounting firms looking to sell. Bedard explains that subscription-based "modern" firms command much higher multiples than traditional hourly billing firms. Bedard provides specific valuation ranges based on revenue and EBITDA multiples and highlights the importance of recurring revenue. He also offers actionable tips for firm owners to increase their value in preparation for an exit. Meet Our Guest, Charles Bedard LinkedIn: https://www.linkedin.com/in/charlesbedard/ Twitter: https://twitter.com/SolvingtheValue Learn more about ERGO Comps, LLC http://www.ergocomps.com/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Duration:00:31:08

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A Sizable Portion of Accountants See No Use Case for AI

3/29/2024
Blake and David look at the potential impact of AI on the accounting profession and discuss how AI tools like ChatGPT can boost productivity by automating tasks, improving communication, and assisting with problem-solving. They also examine the implications of these efficiency gains on the billable hour, predicting that firms will need to adapt their pricing strategies as a result. Finally, they review the results of a recent Accounting Today survey, which reveals accountants' perceptions and concerns about AI in the profession. Sponsors OnPay - http://accountingpodcast.promo/onpay Keeper - http://accountingpodcast.promo/keeper Bookkeep - http://accountingpodcast.promo/bookkeep Chapters Show Notes JPMorgan Says Its AI Cashflow Tool Cut Human Work Almost 90% https://www.entrepreneur.com/business-news/jpmorgan-says-its-ai-cashflow-tool-cut-human-work-almost-90/470682 Accounting's reluctant AI revolution https://www.accountingtoday.com/research-report/accountings-reluctant-ai-revolution Firms find it’s cool to be kind https://www.journalofaccountancy.com/issues/2024/mar/firms-find-its-cool-to-be-kind.html Bank Of America CashPro Forecasting https://business.bofa.com/en-us/content/cashpro-forecasting.html Americans Don’t Care as Much About Work. And It Isn’t Just Gen Z. https://www.wsj.com/lifestyle/careers/americans-attitude-work-data-0c2e487c?st=zyx80zw1zyfu1jf Gratitude is Better Than a Pay Raise for 55% of U.S. Workers, Survey Finds https://www.cpapracticeadvisor.com/2024/02/29/gratitude-is-better-than-a-pay-raise-for-55-of-u-s-workers/102148/ 12 ChatGPT Prompts For Leaders And Managers In 2024 https://www.forbes.com/sites/rachelwells/2024/01/23/12-chatgpt-prompts-for-leaders-and-managers-in-2024/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds Royalwise - https://royalwise.com/partner Forwardly - https://www.forwardly.com/ Classifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Duration:00:58:18

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Do Audit Opinions Matter? A Discussion with Professor Ed Ketz

3/26/2024
Professor Ed Ketz of Penn State joins the show to discuss audits' current state and future. We delve into the relevance of audits and explore the value of unqualified opinions in making audits meaningful. The discussion also touches on the overstandardization of audit reports and how this can lead to investor misunderstandings. Professor Ketz brings a unique perspective, sparking a debate on whether the existence of the unqualified opinion creates value rather than the content within. The episode ends with a brainstorm on potential regulation improvements to improve audit quality and usefulness. Meet Our Guest, Ed Ketz Website: https://directory.smeal.psu.edu/k55 LinkedIn: https://www.linkedin.com/in/ed-ketz-7982421a7 Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Duration:00:23:06

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Banks Will Fail & Listener Mail

3/21/2024
Blake and David start with a discussion on Federal Reserve Chairman Jerome Powell's testimony regarding the failure of small and mid-sized banks due to exposure to the commercial real estate sector. They also get into Minnesota's CPA licensure bill for 150-hour requirement alternatives and KPMG's audit findings on the Department of Education and the cost of the federal student loan program. Rounding out the episode, they answer listener questions and comments on topics including the psychological challenges of CPA firm employment, NASBA's lack of customer service, and the high fees for taking the CPA exam internationally. Sponsors LiveFlow - http://accountingpodcast.promo/liveflow Keeper - http://accountingpodcast.promo/keeper Client Hub - http://accountingpodcast.promo/clienthub Chapters Show Notes Could CPAs telling their stories be the key to attracting Gen Zers to accounting? A PwC vice chair thinks so https://fortune.com/2023/11/15/cpa-attracting-gen-z-accounting-pwc/ Senate File 1660, the MNCPA-backed bill to broaden the pathways to CPA licensure, advanced in the Minnesota Senate on Thursday. https://www.mncpa.org/about/press/releases/pathways-cpa-senate-bill-hearing/ Powell: ‘There will be bank failures’ caused by commercial real estate losses https://thehill.com/business/4516758-powell-there-will-be-bank-failures-caused-by-commercial-real-estate-losses/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds FutureFirm - https://futurefirmaccelerate.com/cap Royalwise - https://royalwise.com/partner Forwardly - https://www.forwardly.com/ Classifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Duration:01:04:39

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Earmark Media Presents: Corporate Transparency Act Ruled Unconstitutional (Federal Tax Updates)

3/18/2024
Here's a preview of Blake's recent appearance on Federal Tax Updates, where he joined host Roger Harris to unpack some of the biggest tax stories making headlines, from a federal court ruling deeming a new business reporting law unconstitutional to the staggering estimates of tax evasion by the wealthy. To hear the complete discussion, visit Federal Tax Updates: https://share.transistor.fm/s/d8c45ed9 Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Duration:00:17:02

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The Race to Automate Audits

3/15/2024
Blake and David meet up with AJ Yawn, partner at Armanino LLP, about Armanino's new tool, Audit Ally, which streamlines and automates SOC 2 audits. They discuss the growing trend of tech companies entering the audit space and commoditizing services like SOC 2 audits, and explore how Audit Ally aims to help accounting firms compete on price and quality by utilizing AI and machine learning. Meet Our Guest, AJ Yawn LinkedIn: https://www.armanino.com/company/people/aj-yawn Learn about about Audit Ally Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Duration:00:22:17

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IRS Agents Working From Home Can Watch H&R Block Reality TV Show

3/12/2024
We're celebrating surpassing 10,000 YouTube subscribers! Thank you! Blake and David look into H&R Block's new reality show about teaching people life skills like doing their taxes. They also talk about workflow automation challenges for accounting firms, how the IRS is contacting wealthy non-filers, and the Trump Organization CFO pleading guilty to perjury. They also break down the SEC's extensive new climate disclosure rules and the job opportunities this could create for accountants. Sponsors FreshBooks - http://accountingpodcast.promo/freshbooks Relay - http://accountingpodcast.promo/relay Webgility - http://accountingpodcast.promo/webgility Chapters Show Notes 2024 Report: The State of Accounting Workflow Automation https://financial-cents.com/resources/articles/2024-report-state-of-accounting-workflow-automation/ Gartner Survey Shows That a Third of Accountants Make Several Financial Errors Per Week due to Capacity Constraints https://www.gartner.com/en/newsroom/press-releases/2024-02-21-gartner-survey-shows-that-a-third-of-accountants-make-several-error-per-weeo-due-to-capacity-constraints The U.S. is short 340,000 accountants-just look at the wave of earnings report mistakes https://fortune.com/2024/03/01/accounting-shortage-earnings-report-mistakes/ Intuit, H&R Block tax AIs critiqued on accuracy https://www.accountingtoday.com/news/intuit-h-r-block-tax-ais-critiqued-on-accuracy-of-answers-many-inaccurate SC accounting error gets renewed focus over $1.8B sitting in state bank account https://www.southcarolinapublicradio.org/sc-news/2024-03-05/legis-treasurermoney Ex-Trump Org CFO Pleads Guilty to Perjury in Fraud Case https://www.cpapracticeadvisor.com/2024/03/05/ex-trump-org-cfo-pleads-guilty-to-perjury-in-fraud-case/102306/ H&R Block to Release Short Format Comedy Streaming Series, “Responsibility Island” https://www.cpapracticeadvisor.com/2024/02/29/hr-block-to-release-short-format-comedy-streaming-series-responsibility-island/102172/ Federal court holds Corporate Transparency Act unconstitutional https://www.journalofaccountancy.com/news/2024/mar/federal-court-holds-corporate-transparency-act-unconstitutional.html Lyft earnings report error prompts shareholder lawsuit https://finance.yahoo.com/news/lyft-earnings-report-error-prompts-150849490.html Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds FutureFirm - https://futurefirmaccelerate.com/cap Royalwise - https://royalwise.com/partner Forwardly - https://www.forwardly.com/ Classifieds Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel ma...

Duration:01:06:15

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SPAC Attack: Why Withum Got Slapped with a $2M PCAOB Fine

3/8/2024
Blake and David meet with Chris Vanover, President of CPAClub, about the recent $2 million PCAOB fine against Withum for poor audit quality on many 2021 SPAC audits. They examine Withum's 500% increase in audits with minimal staff growth, leading to overworked teams and partners working 100+ hour weeks. They also debate whether the fines are large enough to change behavior or just a cost of doing business. Meet Our Guest, Chris Vanover LinkedIn: https://www.linkedin.com/in/chrisvcpa/ Learn more about CPAClub Website: https://cpaclub.cpa/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Duration:00:15:30

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Weighing The Risks and Rewards Of Surge Pricing Tax Returns

3/6/2024
Fast food chain Wendy's considers demand pricing – should your firm, too? We discuss the potential for surge pricing tax returns to smooth workload and raise revenue. We also dive into new AI-powered accounting productivity tools from Sage and Xero, Zoho's $5 per user practice management suite, and analyze the results of our listener survey. Sponsors LiveFlow - http://accountingpodcast.promo/liveflow Zoho - http://accountingpodcast.promo/zoho Client Hub - http://accountingpodcast.promo/clienthub Chapters Show Notes Just Ask Xero | Xero US Introduction to QuickBooks Solopreneur (intuit.com) Practice software features for businesses | Zoho practice FTC alleges H&R Block deleted customer tax data, used deceptive advertising IRS Direct File free tax system moves into public test phase Intuit introduces QuickBooks Solopreneur for one-person businesses Intuit Introduces QuickBooks Solopreneur, an Easy-to-Use Financial Tool Built for One-Person Businesses H&R Block’s online tax prep tricked customers into paying more money, FTC claims AI will 'change nature' of accounting, says Sage boss Sage launches generative AI copilot assistant for SME accounting H&R Block ‘Data Wiping’ and Upgrade Policies Harm Taxpayers, FTC Says Expert Examines AI's Role in Accounting Education Sage Intacct Unveils New Features to Streamline Operations and Boost Productivity Zoho dives into practice management with Zoho Practice Xero's AI Leap: Unveiling 'Just Ask Xero' to Revolutionize Small Business Accounting How GenAI will shape the future for our customers IRS reopens Direct File testing after pause Study: ChatGPT Won’t Be Replacing Accounting Professors In the Near Future ChatGPT in Education: Study Reveals Utility and Limits in Financial Accounting Learning Xero wants to use AI to help your SMB solve all its accounting woes Wendys surge pricing ai backlash internet Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/pod...

Duration:01:11:04

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Trust Me, I'm an AI: Aaron Harris on the Future of Accounting

3/1/2024
Aaron Harris joins Blake and David to discuss Sage's new AI offering, Sage Copilot, which brings generative intelligence into Sage Intacct to eliminate routine accounting work. They discuss specific use cases Copilot handles, like chasing people for approvals/documents, drafting emails, and answering ad hoc questions without running reports. Aaron also shares his perspective on AI’s impact on the accounting profession and why increased automation will make human review and trust even more essential. Meet Our Guest, Aaron Harris, CTO, Sage LinkedIn: https://www.linkedin.com/in/aaron-harris-7407b2/ Twitter: https://twitter.com/i/flow/login?redirect_after_login=%2FAaronRHarris Learn more about Sage http://www.sage.com Listener Survey Please take our listener survey: https://accounting.show/survey Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Duration:00:24:21

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Lyft's Big Financial Typo

2/29/2024
Blake and David discuss the Lyft financial typo that sent its stock price soaring. They also examine how AI-powered help desks and customer service are improving efficiency by 10-20%, and look at some alternatives to the pesky 150-hour rule. Other news includes the future of commercial real estate taxes, the use of AI tools to monitor employee communications, and how the IRS plans to collect over $500 billion more in owed taxes. Sponsors OnPay - http://accountingpodcast.promo/onpay Cloud Accountant Staffing - http://accountingpodcast.promo/cas Webgility - http://accountingpodcast.promo/webgility Chapters Show Notes How Walmart, Delta, Chevron and Starbucks are using AI to monitor employee messages Lyft's Extra Zero Puts Focus on Corporate Controls: Explained $1,741 Is the Average Tax Refund So Far, IRS Says IRS aims to close 'inequity gap' for unpaid taxes. How the agency targets top earners for audit As A New Tax Filing Season Kicks Off, We Look at the IRS Efforts to Improve Customer Service and the Audits of Two Very Different Kinds of Taxpayers Trump civil fraud case: Judge fines Trump $354 million, says frauds 'shock the conscience' How WeWork became the largest tenant in Boston In biggest office lease of the year, Deloitte plans move to Winthrop Center Lyft CEO addresses major typo in earnings report Listener Survey Please take our listener survey: https://accounting.show/survey Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds The CAS Cache - https://cas.beehiiv.com/ Royalwise - https://royalwise.com/partner Forwardly - https://www.forwardly.com/ FutureFirm - https://futurefirmaccelerate.com/cap Classifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Duration:00:59:35

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Why Accountants Quit Public Accounting Firms

2/23/2024
Blake and David meet with Geoffrey Brown of the Illinois CPA Society to examine some key findings from ICPAS's recent retention report, including top reasons for turnover, where departing accountants are going, and ideas for improving work-life balance. Meet Our Guest, Geoffrey Brown LinkedIn: https://www.linkedin.com/in/geoffrey-brown-cae-9039484/ Twitter: https://twitter.com/IllinoisCPA Facebook: https://www.facebook.com/ICPAS Instagram: https://www.instagram.com/illinoiscpasociety/ Learn more about the Illinois CPA Society (ICPAS) Website: https://www.icpas.org/ Listener Survey Please take our listener survey: https://accounting.show/survey Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Duration:00:23:25

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The Biggest Check You Can Write to The IRS

2/21/2024
Blake and David break down the IRS's $99 million paper-check limit, how states use tax credits to attract movie productions (sometimes unsuccessfully) and give their take on actor Kenan Thompson losing $1.5 million to fraud as a child. They also cover couples arguing over finances, AI answering tax questions in California, accounting rules hiding commercial real estate loan losses on bank balance sheets, and the lack of action from accounting standards boards to change these rules. Sponsors LiveFlow - http://accountingpodcast.promo/liveflow Relay - http://accountingpodcast.promo/relay Client Hub - http://accountingpodcast.promo/clienthub Chapters Show Notes Warner Bros.' Disgusting Accounting Trick May Find an Opponent in the U.S. Government IRS Seeks More Than $1 Billion From SVB for Taxes IRS sues FDIC to get $1.45B in SVB back taxes Mayweather’s $18 Million Check To The IRS Packs A Punch, But Is Under The $100 Million Weight Limit California plans to use AI to answer your tax questions Jeff Bezos will save over $600 million in taxes by moving to Miami The Indicator from Planet Money : NPR Mayweather’s $18 Million Check To The IRS Packs A Punch, But Is Under The $100 Million Weight Limit Jeff Bezos reaps Florida tax benefit with $4B Amazon share sale Young staff need to be in the office because of AI, says PwC's UK boss | Accounting Today Money is the Biggest Relationship Hurdle for 1 in 4 Couples, Survey Reveals - CPA Practice Advisor Kenan Thompson Reveals a Crooked Accountant Stole $1.5 Million From Him During His Nickelodeon Days | Video When accountants attack: why Netflix is cancelling Halle Berry’s new sci-fi movie Ben Affleck Reportedly Filming The Accountant 2 This Year FASB Won’t Consider Changes in Securities Accounting After Bank Failures - WSJ New York Community Bank’s Commercial Real Estate Loan Problem May Be Isolated, Experts Say Banking Crisis Plays Out at America’s Smallest Lenders Listener Survey Please take our listener survey: https://accounting.show/survey Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcher

Duration:00:56:56

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From Carpet Cleaner to CPA: An Accounting Student's Journey

2/16/2024
Blake and David talk with Chayton Farlee, an accounting student at the University of the Pacific, about his journey into accounting and his thoughts on the profession. They discuss his inspiring path from cleaning carpets during the pandemic to pursuing his CPA and CMA, the disconnect many students feel between accounting theory and real-world application, the importance of bookkeeping skills, and considerations around starting his career at a Big Four firm or a smaller, more lifestyle-friendly firm. Meet Our Guest, Chayton Farlee LinkedIn: https://www.linkedin.com/in/chaytonfarlee/ Listener Survey Please take our listener survey: https://accounting.show/survey Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/OvercastClassifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Duration:00:22:42

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Beware of E-Filing Your Tax Return

2/15/2024
Blake and David discuss a wealth of timely topics, including the risks of filing taxes electronically versus by mail, the impact of the 150-hour rule on diversity in the accounting profession, and how major accounting firms are turning to private equity funding to accelerate growth. They also explore news from the artificial intelligence space, including Google's unveiling of Gemini, as well as ADP's new AI assistant, and examine how deepfake video calls enabled the theft of $25 million. Sponsors Relay - http://accountingpodcast.promo/relay FreshBooks - http://accountingpodcast.promo/freshbooks Airbase - http://accountingpodcast.promo/airbase Chapters Show Notes Finance Employee Defrauded for $25M by Deepfake CFO Dual Certifications Mean Big Bucks for Accountants - CPA Practice Advisor Baker Tilly US gets PE investment | Accounting Today Big Four Lobby Congress on Accounting Pipeline, AI, Crypto Beware of E-Filing Your Tax Return QuickBooks Live Tax Update: Understanding QuickBooks customers use of tax prep services Accounting software startup Pennylane becomes France’s latest unicorn | TechCrunch Google’s Gemini is now in everything. Here’s how you can try it out. Accounting body tells members to make annual pledge to be ethical Platform Accounting Group gets $85M funding round Finally, now with $10M, adds AI for better insight into small business accounting AI Will Be Doing More Accounting If Startup Investors Have Their Way ADP launches ADP Assist genAI assistant Republican attorneys general denounce IRS free file pilot as rival to products like TurboTax Higher tax filing costs could take a bite out of your refund DataSnipper, startup that uses AI to eliminate some of the ‘dread’ in accounting, is valued at $1 billion in latest funding round Platform Accounting Group Secures $85 million in Funding Led by Cynosure Group Finally Raises $10 Million to Expand Small Business Automation Solutions Finally, the AI-Powered Accounting & Finance Suite, Closes $10M Raise to Propel SMB Growth Forward France gains a new unicorn as Pennylane raises €40m QuickBooks Live Tax Update Beware of E-Filing Your Tax Return DataSnipper Raises $100M at $1B Valuation to Empower Auditors with AI Big Four Lobby Congress on Accounting Pipeline, AI, Crypto Finance worker pays out $25 million after video call with deepfake ‘chief financial officer’ I'm an Accountant and Here's Why I'd Never File My Taxes Online — Best Life Listener Survey Please take our listener survey: https://accounting.show/survey Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver ...

Duration:01:05:48

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Building a Bank for Accountants and Small Businesses

2/7/2024
Yoseph West joins Blake and David to examine Relay Financial's background and their ambition to solve banking problems by becoming a bank themselves, designing the ideal user experience, and overcoming regulatory challenges. West also outlines Relay's redesigned accountant partner program, its many benefits, and upcoming features like receipt capture. The discussion turns to best practices for incorporating technology like Relay into accounting practices to solve client problems and the importance of understanding client pain points. Meet Our Guest, Yoseph West LinkedIn: https://www.linkedin.com/in/yosephwest/ Twitter: https://twitter.com/bankwithrelay Facebook: https://www.facebook.com/bankwithrelay Instagram: https://instagram.com/bankwithrelay Learn more about the Relay Partner Program: https://www.relayfi.com/advisor-partner-program?referralcode=acctpod&utm_source=ab&utm_medium=podcast&utm_campaign=abpartnerprogram Disclaimer: Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance are provided through Thread Bank; Member FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted Listener Survey Please take our listener survey: https://accounting.show/survey Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 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 http://cloudacctpod.link/ApplePodcastshttps://www.youtube.com/@TheAccountingPodcasthttp://cloudacctpod.link/Spotifyhttp://cloudacctpod.link/podchaserhttp://cloudacctpod.link/Stitcherhttp://cloudacctpod.link/Overcast Classifieds 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Duration:00:30:53