Displaying episodes 1 - 30 of 263 in total

1000s Of Apps Could Lose Access To QuickBooks Online In 2022

We're getting the scoop on David's trip to Cancun, and Blake's trip to Taliesin West, and how vacations inspire thoughts of accounting. In other news, statistics show $600 billion paid to ransomware attacks in first half of 2021, which leads us to ponder on Jamie Dimon's thoughts on Bitcoin's lack of worth, and also whether crypto might be the cause of the next financial crisis. We'll check out why the USPS is offering paycheck cashing, and the ups and downs of the UPS Store offering bookkeeping. Then, we'll talk about how PE-backed firms will heighten the war for talent, why CAS practices are growing like crazy, and why SMBs need more tailored SaaS platforms. As if that weren't enough, we'll look at Microsoft's decision to shut down LinkedIn in China, and pontificate on whether enQ is genius or evil genius. All this, and more. Grab a snack and have a listen!

The One With Elizabeth Warren, Britney Spears, And Florida Man

Before David departs for sunny Cancun, we've got a lot to talk about! We've got some listener feedback on the difficulty getting the CPA (and whether it was worth it). We'll also talk about what CPA firms lay out as the top issues in 2021 and beyond. As per usual, IRS service levels continue to plummet, and we'll look at Florida Man's tax practitioner's terrible tax fraud scheme. In app news, Sage buys GoProposal, Xero's got updates, and FreshBooks buys FastBill. Google Drive is getting labels, Chargebee buys RevLock, and a new app, Pipe, lets you trade recurring revenue for cash. Meanwhile, Coinbase customers got hacked, and we've got more updates from Sage Intacct. We'll round out this pre-vacation episode with news about Elizabeth Warren's crusade against the Big 4 revolving door practices, and talk about whether a 1099 for bank accounts is in the works. Then, just for fun, #FreeBritney's got a new conservator - a CPA! Pull up a beach, grab a snack, or an umbrella-garnished beverage of your choice, and enjoy!

Earmark Excerpt: CPA Versus CMA With IMA President Jeff Thomson

This is an excerpt from Blake's interview with Jeff Thomson about the Certified Management Accountant (CMA) designation and how it compares to the CPA license. We learn that public accounting is no longer the only starting point in this profession, and that's one reason why the IMA opposes changes to the college accounting curriculum that may eliminate or reduce management accounting and cost accounting courses. Discover what it takes to become a CMA and the impact it can have on your career. Listen to the full interview on the Earmark podcast. To listen and subscribe visit podcast.earmarkcpe.com (or click the link in the show notes).

Excel And QuickBooks Hook Up

Welcome! Today, we're talking about one good reason to get your CPA, along with a host of news from the accounting world, including PwC's new mandate that allows staff to work remotely forever (with a catch), how work-life balance improves audits, but not job satisfaction, and why going back to the office isn't so great when teams are hybrid. FYI - if you feel the need to throw our names in the hat, nominations are open for the Accounting Today 100 Most Influential! In app news, Intuit hosts its 2021 Investor Day, while quietly acquiring DataDear to connect QBO Advanced with Excel. We've got some excellent listener feedback on Quicken v. QuickBooks, Avalara's acquisition of Track1099, Xero's day-long outage, along with more updates from QuickBooks Online. We'll talk about Sage's announcement about 800 job cuts, and how Lightspeed stock recently plummeted due to a short seller lawsuit (and 125-page article). Enjoy!

It's Not Too Hard To Get The CPA, It's Too Much Time And Money

We've got more discussion on the CPA this week, including whether or not it's too hard to get a CPA, along with other news, such as how AOC's dress should have said, "Tax The Met Gala," how departments in a company are becoming apps, and the IRS Tax Pro Account sees low adoption. Also, we'll talk about the revolving door of Big 4 and government, how California law requires disclosure of Amazon performance metrics, and KPMG urges boards to focus on climate risks. A New York law firm files class action lawsuit over QuickBooks Payments fees, Intuit launches a venture arm, China bans crypto, and the top virtual conference software for CPA firms. All the accounting news that's fit to use, right here!

Intuit Dome Needs A ProAdvisor Pavilion

Intuit secures naming rights to Clippers arena — for half a billion dollars! Meanwhile, some MailChimp employees aren't happy about the Intuit acquisition. Also, private equity is investing in more accounting firms, KPMG Australia gets lauded for cheating on ethics exams, why work takes so long in your firm, some lengthy PPP fraud sentences, the Elizabeth Holmes / Theranos trial begins, Xerocon 2022 is in the calendar, Toast plans for IPO, Zoom is investing $30 million in Neat, Chewy is building vet practice management, Rewind and Melio raise $$$, ADP adds vaccination status tracking, nobody (relatively speaking) is using Apple Pay, and more!

Survey Says Tax Preparers Charge Too Little, Too Late

On this episode, we'll finally talk about the results of the Drake Software 2021 tax preparer survey, along with the news that EisnerAmper bailed on the traditional CPA firm model (and even being a CPA firm), why KPMG UK set diversity targets for working class backgrounds, vaccine mandates at the Big Four, and Caleb Newquist's thoughts on why the IRS is looking into regulating tax return preparers. In app news, Facebook is buying $100M of unpaid invoices, Amazon is launching a point of sale; we'll look at what's new at Quicken, Clio makes acquisitions. Also, Notion is buying an automation/API company, and Expensify offers cash back. All this, and more, right here, right now!

How Deloitte Created A Marvel Hero

We've got a metric ton of news packed into this week's episode, including the rumor that Intuit is buying Mailchimp for $10B, Xero Tax in the UK gets personal, and there's talk about a digital driver license is coming to an Apple device near you! In app news, Neat releases NeatBooks, FreshBooks updates, Square announces a subscription invoicing product, Vic.ai raises $$$, Canopy integrates with QBO, and BakerTilly is set to acquire AcctTwo. We'll take a look at how Deloitte turned Simu Liu into a superhero, as well, and so much more!

The ROI Of An Accounting Degree

Is it too hard to become a CPA? Also, most companies continue to struggle to hire workers, we investigate the ROI of an accounting degree versus your other options, how to get an entry level job that requires 3 years of experience, Intuit's new bookkeeping certification (and how you can use it in your firm), how a video resume could get you your next job, is Intuit building QuickBooks Payroll Live? Zoom updates, Pry raises $4.2 million, Ramp, Zeel, Flexio, and Synder join the party, and more!

Intuit's Aggressive Move To Combat Square Cash App

We're kind of all over the place today, but it's well worth a listen or three! We've got a TikTok sorority future CPA's take on managing the millions that her sorority took in, why an interior designer loves doing bookkeeping, how to work two jobs at once, and PwC is (again) delaying return to office. We're diving deep on EY's launching of 150 credit hour effort - but we think maybe we should just cancel 150 hours). We'll also talk new suits, and how Ed Mendlowitz picked a fight with everyone in his recent blog post. We'll ponder over why fintechs are to blame for PPP fraud, and why accountants should audit AI companies, and it strikes again - the "Accounting Firm Xero." In app news, Blue J raises a bunch of money to add artificial intelligence to tax research, and Credit Karma integrates Money with QuickBooks Online. All this, and much more. Take a break from that second or third remote job, and have a listen!

Accounting Firm FreshBooks Becomes A Unicorn

Lots of ground to cover today, including why millions of PPP borrowers still haven't applied for forgiveness, what firms would have done differently this past tax season, news on a new infrastructure bill held up by crypto rules, and what closing date set for SVOG means. In app news, we'll examine why hundreds of AI tools developed to predict coronavirus infections failed miserably. Then in news of gigantic funding rounds, Gusto takes in a lotta cash, and FreshBooks (an accounting firm) has become a unicorn, raising $130M; Lockstep also got some cash. Moving on to upgrades, and the like, we're talking Xero, their app upgrade, and their collab with Revolut. We'll talk about how the IRS is using QR codes, take a look at the ZenBusiness Money launch, US Bank's purchase of Bento for Business, and Check's (the Stripe of payroll) new QBO integration. All that, more, and reviews from you! Thank you!

Square Buys Afterpay for $29B, Could Have Bought Xero for Less

This week, we've got all the news that's fit to use, including a few interesting acquisitions, such as Square's acquisition of Afterpay. We're wondering why they didn't buy Xero instead. Also, Rootworks buys CPA Practice Advisor, and Dext snags Greenback to to make importing transactions even smoother. In app news, we're talking Windows 365, where you can now subscribe to Windows-in-a-browser-tab, and we'll look at Earth Class Mail's new Android app, some Xero updates to their App Marketplace, and app. It's a slow funding week, but Zeni raised $34 million. If all that info hasn't boggled your brain, we've got survey results on what's really killing productivity, and also how much stuff (like your company's data and passwords) do people hang on to when they move from job to job? Check it out!

Alright, Alright, Alright

Feeling dazed, and confused? We've got a lot of news this week to level you out! We're talking about our recent trip to AICPA Engage, the accounting knowledge super-spreader event of the year, and more accounting conference announcements. Then, we'll dive into all things SBA, and PPP. If that wasn't enough, we've got news on the IRA front, including updates on how IRAs are maybe being abused or misused, and how you can avoid paying taxes on crypto mining from inside of an IRA. We've got survey-related proof that texting with clients is a winning strategy, and we'll also talk about all the stuff that just doesn't f***ing matter to entrepreneurs (and how it can help you market better). If your mellow is still harshed, we've got news on Matthew McConaughey's investment in employee management & payroll app Homebase, and app news, including Xero's 11 hour outage, a new way to use apps in Zoom, FreshBooks updates, and Odoo's $215M raise. Clearly, you'll need snacks!

Why You Should (Not) Work 12-Hour Days

It's almost back-to-school time, so it's a good time to talk about how AICPA is trying to produce more accounting students by pitching high school guidance counselors on accounting careers. For the college kids, we'll talk about elite (non-accounting) masters degrees that cost six figures, and also, why it's a really bad reason for grads to work 12-hour days, 7 days per week. We'll also examine the sad state of accounting standards. In app news, Bill.com acquires Invoice2Go, Visa acquires CurrencyCloud, finance chiefs are still trying to replace Excel, and much more!

The End of the Beginning for Cloud with Ben Richmond of Xero

Ben Richmond CA is the Country Manager for the United States at Xero. He sat down with Blake and David in New Orleans to chat about what's been going on at Xero during the pandemic, what he's been up to, the impact on accounting firms, what's next for Xero, where and when the next US Xerocon will be, and much more

Intuit TurboTax Drops Out of IRS Free File

We're live from the Big Easy, and we're talking about Intuit dropping out of the IRS Free File program, as well as how a startup called Ivix aims to help governments catch tax evaders around the world. There's more voicemail feedback on the CPA issue, and in app news, Relay Financial releases advanced bill pay, accounting startup Proper raises $9 million to do the books for property managers, and we've got updates from Xero, QuickBooks, Apple, and more!

Tax Evasion & Spreadsheets: A Lesson From Trump's CFO

Today, in news of the less-than-intelligent, we're talking about how someone's meticulous bookkeeping skills may lead to the downfall of the Trump Organization CFO. We're also discussing an analysis of the Biden tax plan, and qualities that make a good accounting firm partner. Meanwhile, not shockingly, cash payments dropped during the pandemic. In app news, Gusto makes its second acquisition, and algorithms at Chime and Amazon are doing not-very-nice things to regular people. All this and more, right here, right now!

Ted Callahan, Accountant Leader at Intuit, Talks QuickBooks Price Changes & More

Blake Oliver and David Leary sit down (virtually) with Ted Callahan, the Global Accountants Leader at Intuit. He joins the podcast to discuss Quickbooks and the current state of Intuit Pro Advisors. They touch on how QB Live is helping to grow the entire bookkeeping space and the challenges Intuit is facing when building it. Ted explains how tags in QuickBooks Online will allow for chart-of-accounts standardization which will lead to machine learning at scale. Also discussed, recent QBO price changes, the TradeGecko sunset, upcoming Pro Advisor support changes, and some surprising news about #QBConnect.

Every App Wants A Slice Of The Payroll Pie

We're covering all the bases today, from how Congress wants to regulate tax preparers, and why the Taxpayer Advocate again bemoans IRS service levels. In app news, Gusto is opening up payroll to other apps via their API, and we've got Xero updates for July, moves by ServiceTitan, and LegalZoom, and Canopy's latest $$$ raise. We'll marvel at how two companies managed to dominate PPP lending, and we'll get into the Robinhood-FINRA settlement and what it means for the future of the investment app. In other news, accountants are more likely to return to the office, even though most employees say they have too many meetings. We'll also talk about Colorado's new law that's causing trouble for workers seeking remote positions in that state. Grab a piece of real pie, and listen in!

How To Turn $2,000 Into $5 Billion Tax-Free

In this episode, we dive into the brilliant tax avoidance strategy Peter Thiel used to amass a $5 billion in a Roth IRA so that it will never be taxed, and also examine why Bobby Bonilla's "exit" strategy wasn't so brilliant. We asked, and you answered! We've got voicemail about why accountants chose to not take the CPA path. In acquisitions, VISA bought Tink, and in app news, we've got an overview of QuickBooks Online updates for June, and new accounts receivable management features from Wave, Venmo's updated pricing policies, and more!

Why Accountants Don't Become CPAs

We've got a plethora of news today, including the reasons behind IMA's concerns about AICPA & NASBAs new accounting curriculum, and why accountants are passing on getting the CPA license. We'll cover some finer points about the SPAC atrocity known as Lordstown Motors, and then dive into app news, including Expensify's foray into payroll, some neobank news, Gusto's acquisition of Ardius for R&D tax credits, Intuit's final blow to TradeGecko, aka QuickBooks Commerce, and more!

Secret IRS Files Reveal No Secrets

We're covering a lot of ground this week, starting with a bill in Congress that would make accounting part of the STEM curriculum. We'll also look into the secret IRS files that leaked a wealth of billionaire tax info! If you're looking to relocate, we've got the list of the best cities for accountants, and we'll talk about the Microsoft Excel Esports Tournament! In app news, more raises from accounting software + services startups Osome, and Penny Lane. As if that weren't enough, we might talk smack about SPACs, and ponder the significance of accounting firms stepping into the fray. Finally, we're rounding out this episode with some thoughts on how technology is filling the labor gap, and how it relates to advisory pricing!

Liz Mason And High Rock Don't Fear Bench Accounting

Liz Mason, CPA and CEO of High Rock joins the show! We're talking Arizona, today, specifically around the Maricopa County election audits, and we'll hear about some of Liz's insights into her own firms, and her work with Xero. We'll also talk about the PCAOB house-cleaning efforts. In app news, we've got a lot to talk about with the new, and not-so-popular QuickBooks pricing changes for ProAdvisors, and customers. We're taking a look at Bench's recent raise, and what it means for other providers. We've got a few surveys from Xero, Sage, and others, along with a listener voicemail, and a review! All this and more, right here, right now!

Building an Accounting System for Scale with Jeffery Giavotella

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.

Questionable Reader's Choice Awards

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!

The Cost of Busy Season Burnout

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!

Collective Raises $20 Million To Not Be An "Accounting Firm"

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!

Bill.com Buys Divvy For $2.5 Billion

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.

IRS Is Getting $80 Billion To Audit The Rich

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!

Why Business Owners Hire Bookkeepers

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!

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