Displaying episodes 1 - 30 of 250 in total

Why You Should (Not) Work 12-Hour Days

AICPA is trying to produce more accounting students by pitching guidance counselors on accounting careers, the elite (non-accounting) masters degrees that cost six figures, a really bad reason why grads should work 12-hour days 7 days per week, the sad state of accounting standards, Bill.com acquires Invoice2Go, finance chiefs still trying to replace Excel, and 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

Intuit drops out of the IRS Free File program, a startup called Ivix aims to help governments catch tax evaders around the world, Relay Financial releases advanced bill pay, accounting startup Proper raises $9 million to do the books for property managers, 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!

IRS Can't Afford to Collect Taxes, Says IRS Chief Rettig

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!

Ask AICPA: Is IRS Underfunded? Service Levels & The Tax Gap

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.

The IRS Is Infrastructure

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!

Value Pricing Secrets Revealed

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!

Alphabet Soup Stimulus Update with Justin Elanjian, CPA

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.

Will Your Firm Survive Jeff Bezos?

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!

May The 17th Be With You This Tax Season

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.

CPA Leaders Most Optimistic Since Pandemic

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.

PREVIEW: Accounting Salon Conversations

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.

AICPA Calls For SBA To Change Unfair PPP Guidance

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!

#Accountant Is Not What You Think It Is On TikTok

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!

Bad App Causes $900 Million Bill Pay Blunder

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!

Deloitte Canada Gives Up On CAS

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!

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