Displaying episodes 1 - 30 of 241 in total
Liz Mason, CPA and CEO of High Rock joins the show! We discuss: Is the Maricopa County election audit really an audit? Also, the PCAOB chair is out, QuickBooks pricing is changing for ProAdvisors, Bench raises more $$$, Xero's report on the economy, and more
Blake Oliver sits down (virtually) with Jeffery Giavotella, one of Sage's Finance Futurists, who are a diverse group of finance leaders who have been recognized for driving innovation and showing leadership across the industry.
Lots of news today, including reasons why the Dems in the Senate want to change up the PCAOB leadership, and how KPMG relaxes remote work policies to relieve remote work fatigue. There's also news about ongoing PPP and stimulus fraud investigations, and we'll talk crypto for a bit, discussing China's central bank ban that prohibits other Chinese institutions from crypto, take a look at how the US Federal Reserve is dipping it's toes in the crypto water. There's a ton of app news, including updates from Canopy, Square, Avalara, Revolut, and much more!
Kristen Keats, CPA, founder of Breakaway Bookkeeping & Advising, joins the show to talk about busy season burnout, KPMG Canada's new foray into outsourced accounting with "KPMG Finance Plus," along with updates on the Restaurant Revitalization Fund, and Child Tax Credit expansion. We'll also talk about the AICPA's advocacy for tax penalty relief, whether or not the Biden IRS will come after your clients, Elizabeth Warren's opinions about the tax prep industry, the latest opportunities for automation in audit, and more!
We've got a lot to talk about today, including how accounting first-year salaries are on the rise, and what Kabbage did to become under investigation for PPP fraud. In raises, we've got news on Collective's $20 million raise (in part from Ashton Kutcher) to support conquering the S corp freelancer market, and Relay Financial's $19 million raise to support their modern banking services focused on the accountant's use case, while Lili raises a cool $55 Million for helping freelancers tackle their expenses, and access credit. We're also talking about employee engagement in light of WeWork's CEO's comments on the subject, and diving into the subscription-based world we now find ourselves in. All this and much more!
PPP is out of money and the IRS is out of ink for the printers. Meanwhile, Biden's plan to fund the IRS would also give the agency authority to regulate tax preparers. We review Accounting Today's list of top firms for technology, and pontificate on which tasks knowledge workers dread the most. In app news, Bill.com is buying Divvy for $2.5 billion, and Veryfi raises $12 million. Meanwhile, Chime can no longer call itself a bank, and FloQast has created a coloring book and a 12-minute guided meditation to relieve the stress our friends are caught up in during busy season. Ommmm.
Today, we're scaling back the tax talk, talking only about how Biden wants $80 billion for the IRS, and how non-GAAP is back, baby! Then, we move on to copious amounts of app news. We'll hit on the brief but heart-stopping QuickBooks Online Payroll outage, how Expensify is filing for an IPO, acquisitions, and raises, including the Stripe acquisition of TaxJar, and Brex's $425 million raise. We've got updates from Xero, and Square, and more!
Apparently April showers bring lots of accounting news! We've got the latest on the SBA's SVOG portal reopening, and legislation introduced to fix PPP loan inequity. We'll hit on more IRS news, including (quelle surprise) how the IRS is way behind on processing tax returns, why Biden's agenda relies on the IRS, one big 1099 change for gig workers, and why Florida finally started collecting sales tax from out-of-state sellers. In more random news, we're exploring Netflix's foray into training production accountants, the state of the workday, what the House passing a bill to create safe harbor for cannabis banking means, and your brain on Zoom. We'll also discuss the various reasons business owners want to hire bookkeepers (and how knowing that will help your marketing). If that weren't enough, we've got a plethora of app news for you to chew on, including integrations, investments, feature rollouts, and much, much more!
We just couldn't resist more talk about the IRS ... This week, we're examining how they may be losing up to $1 trillion per year due to tax cheats and a lack of tax collectors to go after them, and how the Biden budget might help, especially since a monthly Child Tax Credit is set to roll out this summer. In the shadow of Blake's discussion with AICPA's Ed Karl in Episode 22, we got lots of feedback from listeners expressing their frustration with the lack of answers! Meanwhile, the AICPA is protecting the CPA license from deregulation in West Virginia. In other news, ACH payments have a record quarter, PwC UK to allow 50% remote work, and there's more AICPA weigh-in on the subject of remote work. All that plus a ton of app news, including what's going on with Oracle NetSuite, a new niche app for truckers, and more!
Blake interviews Ed Karl, CPA & Vice President of Taxation at the Association of International Certified Public Accountants about Internal Revenue Service funding levels and the impact on both IRS service levels and the Tax Gap (the difference between what taxpayers should pay and what they actually pay on time). For years, service levels have been declining while the Tax Gap has been increasing, mostly due to unreported business income. A 2019 analysis by the IRS estimated that Americans report less than half of all income not subject to some form of third-party verification (such as a W-2). This year, unpaid federal income taxes could amount to more than $600 billion, and over the next decade, it could be as high as $7.5 trillion. Could increasing funding for the IRS help to solve both these issues? We discuss this and more in this in-depth interview.
Lots and lots of news today, including the latest on the SBA's SVOG fail, why stimulus checks can't arrive faster, when there is still $1.3 billion in stimulus waiting to be distributed to taxpayers, and more talk about the IRS's constant state of being underfunded, and backlogged. We'll examine the implications around China creating its own cryptocurrency, review the Facebook's Global State of Small Business Survey, and dive into reasons why CFOs are more optimistic. We've also got conference updates from David, assorted acquisitions and funding rounds, and much more!
Today, we're covering a wide range of topics, including why accounting needs to support #StopAsianHate, off-balance-sheet financing, and more on Pilot, who is now being described as the "AWS for SMB backoffice," and more. We're addressing listener mail, and Blake reveals his fixed/value pricing methodology, which he used in his own firm, and we'll talk about some solutions for accountants facing QuickBooks Online ACH woes, all this, and app news await you!
Get a run down of what's new with stimulus programs from our friend Justin Elanjian, CPA, including the Paycheck Protection Program, Employee Retention Credit, Shuttered Venues Operators Grant, and Restaurant Revitalization Fund.
We're marching out of this month with a discussion on what Jeff Bezos' investment in Pilot (now valued at a cool $1.2 billion) means for you. We've got some random facts, figures, and philosophies on why the IRS has such a hard time collecting money, and also check out India's new requirement for audit trails on all GLs. We'll look at why Slack, and Zoom want to keep us engaged, even when the COVID dust settles, although Slack is backing off of direct connections across orgs, and we'll also talk about how firms prefer to communicate with clients and prospects. In app news, Xero acquires e-invoicing company Tickstar, and we've got news on raises for BQE, and ServiceTitan, and BaCo Tech's new patent. All this and maybe a bit more! Enjoy!
Kerfuffles abound this week with stimulus payments going out, and small businesses starting to fully reopen. The federal tax deadline has been extended to May, but tax pros aren't happy about it. The PPP deadline is likewise extended. In app news, BDO partners with Xero, ProAdvisors are up in arms about having to pay higher ACH fees, and a production payroll startup takes aim at payroll for the entertainment industry. In education, a study shows that CPA education is lagging behind tech, and even the CPA exam. Lastly, we investigate what's more difficult — the CPA exam, or the bar exam? All this and more in our latest episode.
Today, we're talking about how economic confidence is recovering to near pre-pandemic levels for finance leaders. We've got exciting news about accounting conferences, including Scaling New Heights, and AICPA ENGAGE being rescheduled. We'll dig into Deloitte's role in the California unemployment debacle, the huge increase in demand for payroll services, and explore the advantage accountants have over architects. In app news, Lightspeed acquires Vend, $$ raises by Karbon, Autobooks, and Zeni (another software company that wants to automate your bookkeeping work), and a brief exploration of QBO's latest feature add. We'll round out the discussion with an examination of a new accountant-targeted app, Bookgel, which focuses on client acquisition.
SPECIAL PREVIEW EPISODE: In this episode of the Accounting Salon Conversations podcast, Ryan Watson of Upsourced Accounting joins Amanda to chat about CAS, tax, apps, and the latest high-tech baby gear. Ryan talks about how he has grown his practice yearly and turned it into a sustainable engine. They also reflect on the history of Xero in the US market.
Pull up an ear and check out the latest accounting news for this week! We're talking about whether the IRS can make crypto any more confusing with its new 1040 crypto FAQ, and we'll do a rundown of what's important for accountants to know in the latest stimulus bill. Meanwhile, AICPA is calling for the SBA to change unfair PPP guidance, and calling for a tax filing deadline extension. In app news, we've got updates from FreshBooks, QuickBooks, Xero, and Square. Then, we'll dive into robotic process automation (RPA), thanks to a New York Times article, and we'll learn why Excel is the most important tool for at least one marijuana grower, and because munchies, we're going to travel to a Canadian burger joint that makes your meal choices expensable! All this, and more on today's episode!
Does the accounting profession have an image problem on TikTok? We'll talk about what it really means to be an accountant on TikTok. We'll also dive into the latest on the PPP, and how increased fraud protection, and some technical glitches are slowing down round two, and we'll look at the impacts of the Fed's recent ACH outage. We're talking more about diversity in accounting, and taking another look at crypto (since our recent update episode). In app news, rebranding continues, as Receipt Bank becomes Dext, and ADP "rolls" out a new payroll app, which appears to compete with Gusto, and we'll run down the latest updates for QuickBooks, Xero, and FreshBooks. Grab a beverage, and enjoy!
David trades his lottery winnings for Bitcoin - will he be the next zillionaire? We're talking tax, including why lawmakers are starting to complain about a slow start to tax season, and how proposed legislation will dramatically increase IRS audits on the wealthy and corporations. We're also examining how to take control of your calendar in busy season, and what CPAs would do if they had more time. In app news, we ponder how Citigroup accidentally paid off a $900 million loan due to a horrible app, and talk about tax zapper software that's costing states hundreds of millions in lost sales tax revenue. We'll check out PayPal's plan for world super-app domination, acquisitions by Amazon, and Cin7, and so much more!
Rachel Fisch returns to the show to discuss Deloitte Canada's sale of its small business accounting services practice to MNP, Canadian quarantine rules, and much more. We're also reviewing EY's Super Bowl ad, learning about unemployment fraud, and a new e-file identity theft scam tax preparers need to know about, as well as PPP bottlenecks at the SBA. We'll get some app news about Rippling, and PayZen, and updates on Luckin Coffee, Wirecard, and much more!
BNY Mellon, America's oldest bank, is making the leap into the market for Bitcoin. Meanwhile, Tesla has bought $1.5 billion in Bitcoin at the direction of Elon Musk, who says that he expects Tesla to also begin accepting payment in cryptocurrency in the future. It appears that Bitcoin and cryptocurrency are going mainstream. Is this the next big bubble, or the dawn of a new asset class? Shehan Chandrasekera, Head of Strategy for Tax at CoinTracker, and Dr. Sean Stein Smith, Assistant Professor at Lehman College, join the podcast to discuss this and more in a wide-ranging cryptocurrency update for the accounting profession.
It’s looking more and more like 2021 is going to be another year of remote work, and flexible schedules are here stay. That makes this a perfect time to broadcast this interview originally recorded in June 2020 as part of the Sage Accountants Network quarterly call. Ed Kless and Blake Oliver discuss the impact of the pandemic on accounting firms and their relation to the physical office in this bonus episode.
Join us as we talk about all the terrible financial advice on social media, and why we should do something about it! Also, let's do something about diversity in accounting, which is, frankly, terrible. In app news, lots from Intuit and QuickBooks this week. Plus, Bill.com stock pops on fantastic quarterly earnings, Xero gives Blake a treat for Valentine's Day, whistleblowing grows with remote work as employees become less engaged, and Deloitte is not looking good when it comes to the CDC's vaccine appointment system.
This episode is packed with news, and opinions, and more GameStop factoids than you can possibly use! We'll learn why Blake sympathizes with r/wallstreetbets, then move on to updates, and listener views on the multi-week Sage South Africa outage leads to massive discontent. In App News, Melio and Pilot raise big rounds, CheckHQ could be disrupting an industry with "payroll as an API," and we've got some QuickBooks Online updates. We'll talk tax with news on TaxAct, and how TaxJar successfully lobbies to change sales tax regulation on behalf of clients. We've got info on the latest IRS activity, and discussion about unemployment fraud, how it dwarfs PPP fraud, and how bad it's getting in California. All this and so much more, right here, right now!
Welcome to our 100-percent PPP-free episode! We've got lots of other news to cover though, including a new survey proves that remote work is more productive for accounting firms, which makes it all the more astounding that it took a global pandemic to make working from home the norm in this profession. Also, Sage Business Cloud suffered a multi-day outage in South Africa, Biden's financial watchdogs set new targets, Syndio raises millions for its pay equity app, and Rewind (coincidentally our sponsor for this episode) raises a Series A. We'll also cover some of the best laptops for 2021, SMS apps you should consider for your firm, and talk about a survey showing Zoom fatigue is real, why nearly a third of professionals would rather quit than go back to the office, and more stories about remote work than you can shake a martini at!
We've got a lot to talk about today. First and foremost, Blake gets his PPP loan forgiveness (and feels guilty about it), and we'll talk more on the forgiveness process. In M&A news, the Department of Justice convinces Visa and Plaid their merger is just not meant to be. In the political realm, payment, and marketplace platforms, such as Stripe and Shopify "cancel" Trump. There's a plethora of app-related news to share, including the risks you should know about using a .CPA domain, and a thorough discussion around Intuit's decision to finally give Mint some attention, then we've got some listener emails to round out the episode.
We hope you're enjoying your extended free trial of 2021! We've got lots of news to share in today's episode, including how Big 4 leaders reacted to the Capitol riot, and some tips and tricks on how to avoid being de-platformed (like a certain president). Plus, there's more news on the kickoff of PPP 2.0, stimulus payment issues, agent fees, and such. In app news, we'll talk about Pennylane's fundraising to build software plus an accounting service, the departure of a neobank, Azlo, Avalara's new Cloud Sales Tax Returns solution, and more. We'll take a "look" at BKD's film noir, "The Missing Deduction," examine what FASB plans to tackle, like Goodwill, in 2021, and unearth some other interesting accounting-related tidbits.
Whether you're starting a new year, or just continuing 2020 indefinitely, we've got new news, including Blake's quest to find out how to offer CPE credits for our loyal U.S. listeners! We're talking a $2 billion tax fraud, and the Treasury's claim of no evidence to suggest taxpayer data was stolen in IRS hack, along with some stories of PPP winners and losers, and how the NASBA offices narrowly avoided the Nashville bombing. We'll also explore how to get your CPA without spending tons of $$. Then, we'll rummage through the latest app news, and acquisitions, some enlightening survey data, and more!
Grab your party favors, confetti, and tinfoil, it's time to look back, and move forward! Blake and David review their past predictions and make some new ones for 2021. Also, a survey reveals that the majority of bookkeepers now offer AP services, and another survey suggests the remote work method is here to stay, post-pandemic, along with more discussion on state income taxes. In app news, Zoom phones in text messaging support and announces an email/calendar service, Square is buying a music streaming service, and Expensify launches Expensify.cash, plus some discussion on what Google's return-to-office strategy suggests about the future of remote work. Happy New Year, and thank you for joining us!
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