🚀 From Google Podcasts to Moon FM in No Time: Your Hassle-Free Migration Guide
👉
The Accounting Podcast
Blake Oliver & David Leary
The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast.
- 1 hour 15 minutesTikTok & IRS Direct File Saved; Trump Issues Own Currency
Blake and David jump into the latest news, including the launch of Trump's own cryptocurrency and KPMG's expansion into legal services in Arizona, taking advantage of new rules allowing non-lawyers to own law firms. They also examine the Treasury Department's Chinese hack attack, South Carolina's $1.8 billion accounting error resolution, and Trump's proposed External Revenue Service.
Sponsors
Relay - http://accountingpodcast.promo/relay
Keeper - http://accountingpodcast.promo/keeper
TaxBandits - http://accountingpodcast.promo/taxbandits
Basil - http://accountingpodcast.promo/basil
Chapters- (00:48) - Trump's TikTok Saga
- (03:35) - Live Stream and CPE Credits
- (04:48) - Trump's Cryptocurrency Launch
- (06:54) - Sage AI Data Leak Incident
- (12:27) - Relay Sponsorship and Banking Solutions
- (14:13) - Trump's Cryptocurrency Impact
- (28:06) - Direct File and IRS Developments
- (32:45) - KPMG Enters Legal Services
- (38:51) - Tax Bandits: Streamlining Your Tax Season
- (39:50) - Legal Document Automation with AI
- (41:04) - South Carolina's $1.8 Billion Accounting Error
- (45:56) - Trump's External Revenue Service Proposal
- (49:54) - Chinese Hackers Breach U.S. Treasury
- (56:51) - FDIC Sues Silicon Valley Bank Executives
- (01:04:39) - American Express Settles for $230 Million Over Bad Tax Advice
- (01:08:28) - Testing Google's Gemini Advanced for Tax Research
- (01:12:17) - Earn Free CPE Credits with Earmark
- (01:14:22) - Conclusion and Live Stream Announcement
Show Notes
TikTok restores US service after Trump says “we have to save it”
https://www.reuters.com/technology/tiktok-goes-dark-us-users-trump-says-save-tiktok-2025-01-19/
Donald and Melania Trump debuted meme coins, $Trump and $Melania. Here's what to know.
https://www.cbsnews.com/news/donald-trump-melania-meme-coin-cryptocurrency-what-to-know/
KPMG’s Bold Move: How Arizona’s ABS Rules Are Reshaping the U.S. Legal Landscape
https://lawleaders.com/kpmgs-bold-move-how-arizonas-abs-rules-are-reshaping-the-u-s-legal-landscape/
IRS Direct File set to expand availability in a dozen new states and cover wider range of tax situations for the 2025 tax filing season
Sage Copilot grounded briefly to fix AI misbehavior
https://www.theregister.com/2025/01/20/sage_copilot_data_issue/
FDIC sues 17 former Silicon Valley Bank executives over collapese
https://www.cnn.com/2025/01/16/business/fdic-sues-svb-executives-directors-intl-hnk/index.htmlFDIC sues former SVB execs over bank closure
https://bankingjournal.aba.com/2025/01/fdic-sues-former-svb-execs-over-bank-closure/
SoftBank-Backed Fish Firm Allegedly Faked Most of Its Sales
https://finance.yahoo.com/news/softbank-backed-fish-startup-allegedly-141253969.html
American Express to pay $230 million to settle US charges over deceptive sales practices
U.S. Sanctions Chinese Cybersecurity Firm Over Treasury Hack Tied to Salt Typhoon
https://thehackernews.com/2025/01/us-sanctions-chinese-cybersecurity-firm.html
SC auditor resigns after outside audit found $1.8 billion ‘surplus’ was actually an accounting error
Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet 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
- Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
- YouTube: https://www.youtube.com/@TheAccountingPodcast
- Spotify: http://cloudacctpod.link/Spotify
- Podchaser: http://cloudacctpod.link/podchaser
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://cloudacc...
24 January 2025, 12:20 am - 1 hour 13 minutesJPMorgan's RTO Drama, VC Love for Accounting and the Fall of Bench
Blake and David examine Bench's bankruptcy filing, revealing fascinating details about their spending patterns and challenges with the business model. They also explore venture capital's growing interest in accounting firms, particularly focusing on AI automation claims and their potential impact on the profession, and there's a lively discussion about JP Morgan's controversial return-to-office mandate and its implications for workplace flexibility, sparked by Blake's viral tweet that garnered nearly 5 million views.
Sponsors
TaxBandits - http://accountingpodcast.promo/taxbandits
Relay - http://accountingpodcast.promo/relay
BoomTax - http://accountingpodcast.promo/boomtax
Basil - http://accountingpodcast.promo/basil
Chapters- (01:23) - Bench Accounting Bankruptcy Deep Dive
- (02:17) - Venture Capital's Interest in Accounting
- (02:42) - JP Morgan's Return to Office Policy
- (04:04) - Continuing Professional Education Credits
- (05:05) - Bench Bankruptcy Filing Details
- (05:50) - Bench's Financial Breakdown
- (07:42) - Bench's Customer Acquisition Strategy
- (10:55) - Bench's Development and Management Costs
- (13:17) - Operations and Outsourcing at Bench
- (16:07) - Service Delivery and Refunds
- (19:47) - Venture Capital and AI in Accounting
- (29:16) - Relay: The Small Business Bank
- (35:28) - AI-Powered Bookkeeping: A New Frontier
- (36:44) - Debating the Future of Software Costs
- (41:14) - AI's Impact on Job Markets
- (45:15) - Challenges in Replacing Human Jobs with AI
- (50:57) - The Remote Work Debate
- (01:02:05) - Corporate Accountability and Legal Issues
- (01:12:03) - Closing Remarks and Future Topics
Show Notes
AI Has Venture Investors Excited About (Yes) Accounting Firms
https://www.wsj.com/articles/ai-has-venture-investors-excited-about-yes-accounting-firms-3b9b3226
Bench Accounting, Inc. and 10Sheet Services, Inc.
https://www.ksvadvisory.com/experience/case/benchJPMorgan tells all its employees they must return to office full-time
https://finance.yahoo.com/news/jpmorgan-tells-employees-must-return-140000800.html
Work From Home Policies and Practices
https://pearlmeyer.com/insights-and-research/research-report/work-from-home-policies-and-practices
Workplace Policies and Pay Transparency
https://pearlmeyer.com/insights-and-research/research-report/workplace-policies-and-pay-transparency
H&R Block Agrees to $7M FTC Settlement and Will Make Downgrading Tax Tiers Easier
Capital One sued by CFPB over alleged deception on savings account interest rates
Imposing a $500,000 Fine, PCAOB Sanctions Baker Tilly US, LLP for Quality Control Violations
Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet 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
- Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
- YouTube: https://www.youtube.com/@TheAccountingPodcast
- Spotify: http://cloudacctpod.link/Spotify
- Podchaser: http://cloudacctpod.link/podchaser
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://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
21 January 2025, 2:00 am - 1 hour 16 minutesOhio Killed The 150-Hour Rule - Who's Next?
Blake and David dive into major industry news, including Ohio ending the 150-hour CPA rule, setting a potential precedent for other states. They also discuss the Blackston acquisition of Citrin Cooperman and explore the implications of private equity involvement in accounting firms. Moving on, they examine workplace trends, including new data revealing that 61% of medium and large employers now require minimum in-office days, and debate the effectiveness of Net Promoter Scores (NPS) in accounting firms.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
BoomTax - http://accountingpodcast.promo/boomtax
TaxBandits - http://accountingpodcast.promo/taxbandits
Basil - http://accountingpodcast.promo/basil
Chapters- (01:03) - Private Equity in Accounting Firms
- (03:14) - Personal Update: Blake's Hand Injury
- (05:18) - California's Insurance Crisis
- (13:57) - Ohio Ends the 150-Hour Rule
- (22:02) - App News: OnPay, SafeSend, and More
- (30:16) - Carvana's Questionable Accounting Practices
- (36:36) - Return to Office Policies
- (40:01) - RTO Policies and Office Leases
- (41:15) - Client Satisfaction and Net Promoter Score
- (42:53) - Debate on the Effectiveness of NPS
- (44:20) - Implementing NPS in Accounting Firms
- (52:03) - PCAOB Fines and Audit Quality
- (01:03:15) - Bitcoin and Government Policies
- (01:06:54) - Private Equity in Accounting Firms
- (01:15:07) - Earmark App and CPE Credits
Show Notes
Return-to-office policies gain steam
Citrin Cooperman, a Leading Professional Services Firm, to Receive Significant Investment as Blackstone Acquires Stake from New Mountain Capital
Ohio is the first state to end the 150-hour rule for CPA licensure
https://www.blakeoliver.com/blog/ohio-first-state-to-end-the-150-hour-rule-for-cpa-licensure
Ohio gov signs alternative CPA licensure pathway bill into law
Thomson Reuters Acquires SafeSend, Expanding Tax Automation Capabilities
Xero Partners with Gusto to Offer Integrated Payroll Solution
https://www.wellesleyhillsfinancial.com/2025/01/05/xero-partners-with-gusto-to-offer-integrated-payroll-solution/
Sync your transactions to QuickBooks Desktop with Ramp's direct integrationhttps://ramp.com/integrations/quickbooks-desktop
Hindenburg Research short on used-car retailer Carvana
Enforcement Activity Involving Auditors – 2024 Mid-Year Update
Amid Barely ‘Average’ Client Satisfaction, Why Aren’t More Firms Using NPS to Improve?
The federal government just got the greenlight to sell $6.5 billion in Bitcoin seized from Silk Road
https://fortune.com/crypto/2025/01/09/federal-government-allowed-sell-bitcoin-silk-road-courts/
Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet 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
- Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
- YouTube:
18 January 2025, 1:36 pm - 1 hour 23 minutesHow H1-B Visas Suppress Accounting Salaries
Blake and David explore the controversial H-1B visa program's impact on the accounting profession, particularly how firms like Deloitte reportedly pay visa holders 10% less than U.S. workers and the potential implications for audit quality. They also examine Bench's sudden shutdown and subsequent acquisition and then discuss Barry Melancon's farewell interview with the Financial Times as he steps down as AICPA CEO, where he defended the 150-hour rule, his legacy, and his impact on the profession.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
BoomTax - http://accountingpodcast.promo/boomtax
TaxBandits - http://accountingpodcast.promo/taxbandits
Basil - http://accountingpodcast.promo/basil
Chapters- (05:01) - Sponsors and H1B Visa Discussion
- (11:14) - H1B Visa Impact on Accounting
- (26:53) - Bench Accounting Shutdown
- (45:17) - VCs and the Tough Decisions
- (47:42) - Challenges in Automating Bank Transactions
- (48:58) - H1B Visa Workers and Financial Misconduct
- (52:19) - Predictions for 2025 and Beyond
- (58:12) - Private Equity's Impact on Accounting Firms
- (01:08:15) - Barry Melanson's Legacy and the Future of CPA
- (01:15:23) - Conclusion and CPE Credits
- (01:16:45) - Bitcoin and Quantum Computing
Show Notes
Robert Sterling – Twitter - H-1B DATA MEGA-THREAD
https://x.com/RobertMSterling/status/1873174358535110953
Deloitte employees with H-1B visas were paid 10% less than US workers, report finds
Bench to be acquired after abruptly shutting down
https://techcrunch.com/2024/12/30/bench-to-be-acquired-after-abruptly-shutting-down/
‘Most important man in accounting’ warns against lowering standards
https://www.ft.com/content/033792af-18e4-4d69-92f9-5b78b01f2012
Meet Willow, our state-of-the-art quantum chip
https://blog.google/technology/research/google-willow-quantum-chip/
Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet 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
- Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
- YouTube: https://www.youtube.com/@TheAccountingPodcast
- Spotify: http://cloudacctpod.link/Spotify
- Podchaser: http://cloudacctpod.link/podchaser
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://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
11 January 2025, 3:30 am - 1 hour 10 minutesBOI On Again Off Again, Bench Shuts Down, Dying Language of Accounting
Rounding out 2024, Blake and David tackle tons of accounting news, including bookkeeping startup Bench's shutdown and the ongoing BOI reporting requirements saga. They also examine concerns about IRS Commissioner nominee Billy Long's credentials, including his "Certified Tax and Business Advisor" designation from a three-day seminar. Wrapping up, they review some of 2024's hottest stories, including declining CPA candidates, audit quality issues, and KPMG CEO Paul Knopp's Wall Street Journal op-ed about the "dying language of accounting."
Sponsors
LiveFlow - http://accountingpodcast.promo/liveflow
Suralink - http://accountingpodcast.promo/suralink
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
TaxBandits - http://accountingpodcast.promo/taxbandits
Chapters- (01:36) - Beneficial Ownership Information Reporting (BOI)
- (03:39) - Bench Accounting Shutdown
- (12:35) - Automated Bookkeeping Challenges
- (18:35) - Tax Fraud Case: The Magician
- (28:20) - IRS Commissioner Nominee Controversy
- (33:55) - Tax Refunds and Lifetime Advisors
- (36:16) - The Dying Language of Accounting
- (37:44) - CPA Licensure Reform
- (39:05) - Working Conditions in Accounting
- (42:28) - Reflecting on 2024: Key Themes and Events
- (55:34) - AI and the Future of Accounting
- (01:00:59) - San Francisco's Tax Controversies
- (01:04:03) - IRS Special Payments and Predictions for 2025
- (01:06:25) - Bitcoin and Quantum Computing Risks
- (01:09:13) - Closing Remarks and CPE Information
Show Notes
Bench shuts down, leaving thousands of businesses without access to accounting and tax docs
New York tax preparer called ‘the Magician’ charged for tax fraud of $145m
https://www.theguardian.com/us-news/2024/dec/17/new-york-magician-tax-fraud
Billy Long, Trump’s Nominee to Lead the IRS, Touts a Credential That Tax Experts Say Is Dubious
https://www.propublica.org/article/billy-long-irs-trump-certified-tax-business-advisor-missouri
How a Consulting Firm and Trump’s I.R.S. Pick Pushed a Problematic Tax Credit
https://www.nytimes.com/2024/12/24/business/billy-long-irs-tax-credit.html
The Dying Language of Accounting
https://www.wsj.com/opinion/the-dying-language-of-accounting-cpa-licensing-fede2e74
CPAs Deliberate on the Decline of Accounting
Most Americans say a salary of $270K deems financial success
CFPB Sues Walmart and Branch Messenger for Illegally Opening Deposit Accounts for More Than One Million Delivery Drivers
Lyft Accuses San Francisco of $100 Million Tax Overcharge
IRS announces special payments going this month to 1 million taxpayers who did not claim 2021 Recovery Rebate Credit; encourages non-filers about approaching deadline to claim credits
Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet 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
- Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
- YouTube: https://www.youtube.com/@TheAccountingPodcast
- Spotify: http://cloudacctpod.link/Spotify
- Podchaser: http://cloudacctpod.link/podchaser
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://cloudacctpod.link/Overcast
3 January 2025, 2:30 am - 1 hour 14 minutesHow Private Equity Could Hurt the Accounting Profession
Blake, David, and special guest ChatGPT examine the impact of private equity on accounting firms, looking at how PE ownership affects compensation and firm structures. They dig into recent data showing record numbers of accounting errors in public companies, linking these issues to the broader talent shortage crisis. They explore CalCPA's pushback against proposed licensing changes, the surprising economic costs of Daylight Savings Time, and more.
Sponsors
LiveFlow - http://accountingpodcast.promo/liveflow
Suralink - http://accountingpodcast.promo/suralink
SmartVault - http://accountingpodcast.promo/smartvault
TaxBandits - http://accountingpodcast.promo/taxbandits
Chapters- (00:59) - Introducing ChatGPT as Co-Host
- (01:58) - Hot Topics in Accounting News
- (04:05) - Private Equity in Accounting Firms
- (07:35) - Debating the Impact of Private Equity
- (22:40) - DirectFile Controversy
- (28:02) - App News and Updates
- (34:23) - Enron's Return?
- (38:28) - Fraudsters and Presidential Pardons
- (42:00) - Accounting Errors on the Rise
- (44:52) - The Daylight Savings Debate
- (50:04) - AI Tools: The Good, The Bad, and The Ugly
- (58:26) - Final Thoughts and Announcements
Show Notes
Accounting errors force US companies to pull statements in record numbers
https://www.ft.com/content/716c4ad5-e8fa-4a34-afba-9fb2d1db019d
Republican lawmakers ask Trump to kill IRS Direct File
IRIS to buy Dext in £500m deal
https://www.accountingweb.co.uk/tech/accounting-software/iris-to-buy-dext-in-ps500m-deal
How Private Funds Could Hurt Americans Under Trump
https://www.nytimes.com/2024/12/03/opinion/trump-presidency-billionaires.html
LegalZoom and 1-800Accountant Join Forces to Deliver Full-Service Tax and Bookkeeping Solutions for Small Business Owners
Zoho Releases New Payroll Solution in the U.S.
https://www.cpapracticeadvisor.com/2024/12/13/zoho-releases-new-payroll-solution-in-the-u-s/152935/
BILL Unveils 1099 Form Filing Solution for SMBs
Is Enron back? Here’s what we know …
CalCPA Submits Comments on Exposure Draft on CPA Licensure
https://www.calcpa.org/whats-happening/articles/calcpa-submits-comments-on-exposure-draft-on-cpa
CEOs Want Trump to Change Course on Tariffs. He Isn’t Budging.
https://www.wsj.com/economy/trade/trump-tariff-plan-business-lobbying-8f02ccea
Donald Trump vows to end daylight saving time
https://www.youtube.com/watch?v=EDR1IURzO1Q
More Than a Lost Hour of Sleep: The True Cost of Daylight Saving Time
Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet 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
- Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
- YouTube: https://www.youtube.com/@TheAccountingPodcast
- Spotify: http://cloudacctpod.link/Spotify
- Podchaser: http://cloudacctpod.link/podchaser
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://cloudacctpod.link/Overcast
Classifieds
Forwardly - https://www.forwardly.com/
Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fanc...
21 December 2024, 1:30 am - 1 hour 3 minutesNew IRS Commissioner Was An ERTC Peddler
Blake and David take a look at several significant developments in the accounting world, including Trump's controversial IRS Commissioner nomination of former Congressman Billy Long. They also dig into updates on the Macy's accounting scandal and explore Square's potential move into accounting software with their new head of Product Accounting Solutions hire. They also share insights from the AICPA's 2024 CAS benchmark survey showing significant growth in client accounting services practices and much more!
Sponsors
RoboDebit - http://accountingpodcast.promo/robodebit
Relay - http://accountingpodcast.promo/relay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
TaxBandits - http://accountingpodcast.promo/taxbandits
Chapters- (00:28) - Welcome to The Accounting Podcast
- (00:40) - Digital CPA Conference Highlights
- (01:17) - CAS Practices on the Rise
- (02:22) - IRS Commissioner Nominee: Billy Long
- (03:42) - Employee Retention Tax Credit Controversy
- (14:45) - Macy's Financial Misstatements
- (28:30) - Intuit Assist: A Closer Look
- (29:48) - The Evolution of Bill Scanning with AI
- (31:25) - AI's Impact on Accounting Tools
- (33:06) - AI and Tax Returns: The Future of Automation
- (34:54) - Relay: The Ultimate Small Business Bank
- (36:19) - Supermicro's Accounting Scandal
- (40:48) - Square's Move into Accounting Solutions
- (57:21) - The Rise of Client Advisory Services
- (01:00:55) - Closing Remarks and Future Insights
Show Notes
He Promised Huge Tax Refunds. Now Trump Wants Him to Lead the I.R.S.
https://www.nytimes.com/2024/12/06/us/politics/billy-long-trump-irs-tax-credit.html
Brainsky Unleashed (Instagram) – Billy Long – December 6, 2024
https://www.instagram.com/brainskyunleashed/reel/DDQS_GjRn4P/
Macy’s employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say
https://www.cnbc.com/2024/12/11/macys-m-earnings-q3-2024.html
Macy’s Probe Found Employee Acted Alone in $151 Million Accounting Scandal
https://www.wsj.com/business/retail/macys-m-q3-earnings-report-2024-c7363662
LinkedIn – Andy Schwartz – Profit Labs Update – December 6, 2024
Amazon integrates QuickBooks for sellers
https://www.accountingtoday.com/news/amazon-integrates-intuit-quickbooks
AICPA and CPA.com Benchmark Survey: CAS Practices Report 17% Growth
Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet 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
- Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
- YouTube: https://www.youtube.com/@TheAccountingPodcast
- Spotify: http://cloudacctpod.link/Spotify
- Podchaser: http://cloudacctpod.link/podchaser
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://cloudacctpod.link/Overcast
Classifieds
Forwardly - https://www.forwardly.com/
Client Hub - https://clienthub.app/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
14 December 2024, 3:00 am - 1 hour 7 minutesBOI Blocked | 57% of Firms Raising Prices | Creepy EY Bot
Congratulations to Blake for making Accounting Today's Top 100 Most Influential People list! Today, Blake and David dig into several significant developments in accounting, including a federal court's decision to block BOI reporting nationwide. They also examine which of the 57% of accounting firms plan to raise fees in 2025 and take a look at the AICPA's Experience Learn and Earn (ELE) program. There's also talk about new PCAOB reporting requirements for audit firms and the recent acquisition of Dext by Iris Software Group.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Zoho - http://accountingpodcast.promo/zoho
SmartVault - http://accountingpodcast.promo/smartvault
Chapters- (00:31) - Celebrating Achievements and Social Media Impact
- (03:16) - Key News Stories: Price Increases and Regulatory Changes
- (04:17) - BOI Reporting Requirement Blocked
- (14:21) - Raising Prices in Accounting Firms
- (17:39) - Experience, Learn, and Earn Program
- (22:26) - AICPA and Overtime Pay Ruling
- (30:12) - PCAOB's New Reporting Requirements
- (34:48) - Debating the Future of Auditing
- (35:50) - Impact of AI on Auditing
- (37:21) - Evaluating PCAOB's Effectiveness
- (38:32) - PCAOB Sanctions and Penalties
- (45:00) - Macy's Financial Controversy
- (48:31) - EY's AI Interview Bot
- (53:29) - AI's Impact on Productivity
- (58:14) - Dext Acquisition by Iris
- (01:01:58) - Closing Remarks and Future Topics
Show Notes
Accounting Today - The 2024 Top 100 Most Influential People https://arizent.brightspotcdn.com/c3/0f/2649ee17493eab95634bbc91f5f7/top-100-most-influential-people-updated.pdf
Federal Court Enjoins Enforcement of the CTA Nationwide; Reporting Companies “Need Not Comply” with January 1 Deadline
Survey Says 57% of Firms Are Raising Prices Next Year
https://cpatrendlines.com/2024/11/14/survey-says-57-of-firms-are-raising-prices-next-year/
Experience, Learn, and Earn
https://experiencelearnearn.org/Expanded Access Now Available for AICPA-NASBA ELE Program
https://nasba.org/blog/2024/11/15/expanded-access-aicpa-nasba-ele-program/
Texas Judge Tosses Biden Overtime Expansion for Millions
Follow up to the "AICPA is illegally hiding salary info on job postings". After several emails, I convinced them to comply with the law
PCAOB Adopts Auditor Performance Metrics, Increased Firm Reporting Rules https://tax.thomsonreuters.com/news/pcaob-adopts-auditor-performance-metrics-increased-firm-reporting-rules
Critics see chance to close down US audit regulator under Trump
https://www.ft.com/content/e9a7247f-84fd-4df7-8163-6518954470e9
Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings
https://apnews.com/article/macys-accounting-quarter-b1cb0927d9b6a58ee4396838df7973c9
KPMG Survey: AI Adoption Across US Finance Functions Reaches Highest Levels, with ROI Exceeding Expectations
IRIS Software Group Announces Intent to Acquire Dext Software Ltd.
https://dext.com/us/iris-announces-intent-to-acquire-dext
Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet 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
- Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
- YouTube: https://www.youtube.com/@TheAccountingPodcast
- Spotify: http://cloudacctpod.link/Spotify
- Podchaser: http://cloudacctpod.link/podchaser
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://cloudacctpod.link/Overcast
6 December 2024, 4:00 pm - 1 hour 7 minutesMacy's Thanksgiving Accounting Mystery
Blake and David examine the mysteries and motives surrounding the recent Macy's accounting scandal, where a single employee allegedly concealed $132-154 million through improper accrual entries. They also examine Trump's proposed 25% tariff plan on imports from Mexico and Canada (plus an additional 10% on China), discussing its potential impact on American businesses and consumers.
Sponsors
Zoho - http://accountingpodcast.promo/zoho
Suralink - http://accountingpodcast.promo/suralink
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters- (00:46) - Macy's Accounting Error: Breaking News
- (01:40) - Understanding the Impact of Macy's Error
- (02:46) - The Mystery Behind Macy's Accounting Error
- (02:53) - Join the Live Discussion
- (03:42) - Upcoming Topics and Teasers
- (05:15) - Thanking Our Sponsors
- (06:42) - Diving Deeper into Macy's Accounting Mystery
- (19:29) - Exploring the Fraud Triangle
- (27:54) - Auditors and Materiality Standards
- (32:04) - Auditors' Role in Detecting Fraud
- (33:25) - Impact of Fraud on Macy's Stock
- (33:47) - Challenges in Auditing Practices
- (34:08) - Internal Controls and Their Limitations
- (38:53) - Expense Fraud: A Growing Concern
- (44:01) - AI in Auditing: The Future of Fraud Detection
- (52:28) - Trump Tariffs and Their Economic Impact
- (01:03:13) - Thanksgiving Reflections and Closing Remarks
Show Notes
Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings
https://apnews.com/article/macys-accounting-quarter-b1cb0927d9b6a58ee4396838df7973c9
Macy’s says accountant hid as much as $154M in expenses
UPS to Pay $45 Million SEC Penalty Over Improper Valuation
https://finance.yahoo.com/news/ups-hit-45-million-penalty-144424675.html
Strippers, Christmas gifts and an RV: Workers push it with company cards
Ex-Jaguars employee who stole $22 million from team files lawsuit against FanDuel
https://www.nytimes.com/athletic/5809925/2024/10/01/jaguars-lawsuit-fanduel-amit-patel/
Trump's Truth Social tariffs pledge is a teachable moment for America
What does Trump’s latest tariff plan mean for the U.S.?
https://www.pbs.org/newshour/politics/what-does-trumps-latest-tariff-plan-mean-for-the-u-s
Walmart CFO Says They Don't Want To Raise Prices, But 'Prices Will Go Up For Consumers' Due To Upcoming Tariffs
https://finance.yahoo.com/news/walmart-cfo-says-dont-want-161640110.html
Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet 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
- Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
- YouTube: https://www.youtube.com/@TheAccountingPodcast
- Spotify: http://cloudacctpod.link/Spotify
- Podchaser: http://cloudacctpod.link/podchaser
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://cloudacctpod.link/Overcast
Classifieds
Forwardly - https://www.forwardly.com/
Client Hub - https://clienthub.app/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
2 December 2024, 9:00 pm - 1 hour 5 minutesDOGE Goes After TurboTax & Remote Work
Blake and David discuss Trump's proposed Department of Government Efficiency (DOGE) and its potential impact on tax filing and federal remote work policies. They analyze the Pentagon's seventh consecutive failed audit and examine Intuit's ambitious plans to expand its enterprise offerings. The duo also explores a groundbreaking study showing ChatGPT-4 outperforming human doctors in medical diagnoses, highlighting AI's growing capabilities in professional decision-making.
Sponsors
Relay - http://accountingpodcast.promo/relay
Suralink - http://accountingpodcast.promo/suralink
SmartVault - http://accountingpodcast.promo/smartvault
Artiffex - http://accountingpodcast.promo/artiffex
Chapters- (00:00) - Welcome to the Accounting Podcast
- (01:52) - DOGE's Impact on H&R Block and TurboTax Stocks
- (02:57) - IRS Free File Program
- (04:49) - Intuit's Response to DOGE Initiative
- (10:43) - Remote Work for Federal Employees
- (16:25) - Pentagon's Audit Failures
- (22:36) - AI Outperforms Doctors in Diagnosing Illnesses
- (32:12) - Boosting Productivity with ChatGPT
- (36:09) - Salesforce's AI Irony
- (38:15) - Anthropic's AI in Action
- (45:34) - Intuit's AI Strategy and TurboTax
- (48:36) - Intuit Enterprise Suite and Market Expansion
- (55:27) - Closing Remarks and Future Topics
Show Notes
Coming soon!
Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet 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
- Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
- YouTube: https://www.youtube.com/@TheAccountingPodcast
- Spotify: http://cloudacctpod.link/Spotify
- Podchaser: http://cloudacctpod.link/podchaser
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://cloudacctpod.link/Overcast
Classifieds
Client Hub - https://clienthub.app/
Forwardly - https://www.forwardly.com/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
25 November 2024, 10:30 pm - 1 hour 13 minutesTrump's Tax Plans, IRS PPS Fraud, & PCAOB Drama
Blake and David dive into the economic implications of Trump's election victory, including proposed tariffs that could significantly impact businesses and inflation. They explore potential tax changes under a new Trump administration, from corporate rate reductions to the elimination of the SALT cap. They also examines an alarming $47 million IRS fraud scheme targeting tax practitioners and debate the future of Bitcoin as speculation grows about a potential national Bitcoin reserve.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Suralink - http://accountingpodcast.promo/suralink
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Artiffex - http://accountingpodcast.promo/artiffex
Chapters- (00:00) - Welcome to The Accounting Podcast
- (03:05) - Avalara Crush Conference Insights
- (07:48) - AI and the Future of Tax Compliance
- (13:21) - Trump's Economic Impact
- (17:26) - Tariffs and Global Trade
- (25:40) - Tax Proposals and Implications
- (36:53) - Bitcoin's Meteoric Rise and Market Speculations
- (47:43) - AI Adoption in the Workforce
- (49:53) - IRS PPS Fraud: A Deep Dive
- (01:00:49) - PCAOB Drama and Audit Deficiencies
- (01:06:49) - BOI Reporting and AICPA's Response
- (01:10:33) - Closing Remarks and CPE Information
Show Notes
How Trump Won the Economy-is-Everything Election
How Will Trump’s Universal and China Tariffs Impact the Economy?
https://taxfoundation.org/blog/trump-tariffs-impact-economy/
Which Workers Are Embracing AI?
https://www.chicagobooth.edu/review/which-workers-are-embracing-ai
Actions Were Not Taken to Timely Strengthen Practitioner Priority Service Telephone Line Authentication Controls
https://www.tigta.gov/sites/default/files/reports/2024-10/2025ier001fr.pdf
Fraudsters get $47 million from practitioner priority service line scheme
Freddie Freeman on World Series MVP, Ohtani Media Mayhem and His Surprising Backup Career | Ep 109
https://www.youtube.com/watch?v=ZimDH_hW7LU
PCAOB board member complains of persecution by senators
https://www.accountingtoday.com/news/pcaob-board-member-complains-of-persecution-by-senators
AICPA to Congress: Delay needed in BOI reporting deadline
https://www.thetaxadviser.com/news/2024/nov/aicpa-to-congress-delay-needed-in-boi-reporting-deadline
New Development Re: BOI Reporting – 44 Congressmen Seek to Delay FinCEN Beneficial Ownership Reporting
Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet 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
- Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
- YouTube: https://www.youtube.com/@TheAccountingPodcast
- Spotify: http://cloudacctpod.link/Spotify
- Podchaser: http://cloudacctpod.link/podchaser
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://cloudacctpod.link/Overcast
Classifieds
Coefficient - http://accountingpodcast.promo/coefficientexpo
Forwardly - https://www.forwardly.com/
Client Hub - https://clienthub.app/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
16 November 2024, 9:15 pm - More Episodes? Get the App
About The Accounting Podcast
- https://accounting.show
- en-us
Links
Your feedback is valuable to us. Should you encounter any bugs, glitches, lack of functionality or other problems, please email us on [email protected] or join Moon.FM Telegram Group where you can talk directly to the dev team who are happy to answer any queries.
© MoonFM 2025. All rights reserved.