We've got as full agenda of stupid financial, accounting, and digital tricks on today's episode, including how Google manipulates search results to trick you into clicking on ads, why goodwill is sparking division, KPMG's unveiling of a less-than-brilliant $450 million tech training center, and how audit fees continue to rise. We'll examine what CPAs should know about "tax zapper" software, how a former Wells Fargo CEO has been banned from banking, and share some updates on the continued fallout from the MyPayrollHR debacle, as Cachet Financial Services files for bankruptcy. Because that's not enough, we also explore the Pentagon's $35 trillion in accounting adjustments over a single year, how New Orleans is still suffering after malware attack, and why Mint budgeting software sucks. We'll also take a look at a new "Digital Dollar" project, and talk about Seattle's testing of mobile voting, and more!
Grab a snack, there's a lot to talk about in this episode! We talk about Visa's acquisition of Plaid, how Intuit has made ChronoBooks exclusive to QuickBooks Online Advanced, and Expensify's newest release - Karma Points. We'll also dig into the reasons why FASB is the villain, more consequences of California's Consumer Privacy Act, along with why email is the biggest threat to small business, how even more elaborate frauds are swindling big business, and check fraud. There's discussion about Walmart's attempt at warehouse automation, and why the "Buffet Indicator" may be a fairly reliable warning sign that the stock market is headed for another big crash.
It's Tax Season! In this episode, we talk about how much tax cheaters really cost everyone else, some IRS Free File updates, dealing with 1099s and how tax season might actually be the best time to boost your firm's business. We also examine a survey from AccountingWEB about implementing tech and advisory services, how Facebook lost its own employee data, Chase's directive to ban screen scraping, and the during and aftermath of the Thomson Reuters Virtual Office outage. All this and more cloud accounting news you need to know!
It's January and you know what that means... Everyone is making predictions! We cover the best and worst predictions for the profession, and make some of our own. In this episode: Accountex USA is no more, what's next for blockchain, what's next for gadgets, what Millennials want from your firm, accounting trends that will shape 2020, critical issues facing the profession, what regulators are up to in accounting, AI predictions, creepy applications that will change your business, and how big tech is coming for fintech.
We dive deep into two laws that took effect January 1: 1) California's Consumer Privacy Act and 2) AB-5, which reclassifies many independent contractors as employees. Even if you aren't based in California, these laws could affect you or your firm, especially if you do business or employ California residents. Also, Moss Adams reported a data breach, Receipt Bank raised $73 million, Google has developed an AI system that can match or outperform radiologists, how to keep your customers for a decade or longer, small businesses are generally getting hosed by terrible interest rates on business loans, what's up at FASB, and how much it should cost to run finance as a percentage of revenue.
We look back from the end of 2019 all the way to 2009 — a decade in which technology changed our lives and the accounting profession. Listen for what worked, as well as the tech predictions from the 2010s that aged badly. QR codes, anyone? Also, hear the new Ghostbusters-themed QuickBooks Live commercial, stories about businesses adapting to life in a post-Wayfair sales tax world, what's new with cloud computing accounting rules, how much firms are spending on tech vs. marketing, and what firm leaders can learn from Old Navy.
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Copyright (c) 2019 Blake Oliver