We discuss whether the economy is headed for a soft landing or hard fall with Gusto's Chief Economist Liz Wilke. Topics include: Recession outlook and key indicators like interest rates and inflation Labor shortage impacts on the economy Commercial real estate risks for banks Impacts of bank mergers on small business lending Liz evaluates recession odds, labor trends, and lending risks - offering nuanced outlooks on potential impacts for businesses, workers, banks, and more. It's a timely discus...
Aug 22, 2023•22 min
Jen Cryder, CEO of the Pennsylvania Institute of Certified Public Accountants, joins Blake and David to discuss the accounting profession's pipeline problems, including the decline in accounting majors and the difficulties of replacing retiring CPAs. Join the discussion on solutions like work-and-learn models and redefining education requirements. Discover strategies to attract and retain talent, prioritizing the preferences of younger generations and aligning company culture with marketing effo...
Aug 16, 2023•53 min•Ep. 345
Today, we have a special bonus episode from our sister podcast, Oh My Fraud. Hosts Caleb Newquist and Greg Kyte speak with Nathan Mueller. As a young person, Nathan was hyper-focused on wanting to make money, which led him to perpetuate an $8-million embezzlement scheme in the mid-2000s. Nathan tells his story and answers questions about the fraud, his time in prison, and his new job as ... an accountant! Want to hear more Oh My Fraud episodes? Listen and subscribe at ohmyfraud.com Follow Oh My ...
Aug 14, 2023•1 hr 32 min
Blake and David delve into the use of AI in detecting plagiarism in students' papers and its implications for the ongoing debate on AI's impact on employment. They also shed light on the increasing cost of audits and the alarming decline in audit quality. Shifting the focus to remote work, they analyze a study's findings on productivity and emphasize the importance of considering the nature of the work. The conversation takes a concerning turn as they address the shortage of accounting staff and...
Aug 10, 2023•1 hr 2 min•Ep. 344
In this episode, Blake and David cover the downfall of Mattel's co-founder and Barbie inventor, Intuit's new ad network that allows businesses to target specific audiences using data from QuickBooks Online, and the increasing rate of deficiencies in public company audits. They also discuss the detrimental effect of the 150-hour rule on students pursuing careers in accounting, the availability of a malicious code-writing tool called Fraud GPT on the dark web, and the use of AI in customer support...
Aug 02, 2023•57 min•Ep. 343
In this episode of The Accounting Podcast, Blake and David discuss the economic impact of Taylor Swift's "The Eras Tour," Microsoft's CoPilot price with AI, the SEC vs Ripple case decision, the launch of FedNow, and a bill proposed by two senators to ban lawmakers from owning stocks. They also dig into stories about Apple's work on AppleGPT, software spending rising 25% over the last 12 months, the 150-hour rule, and the lack of black accountants in the profession. They dive into a case study fo...
Jul 26, 2023•1 hr 7 min•Ep. 342
This week, Blake and David talk app survival signs, Big Tax Prep sending taxpayer data to Facebook, and the dearth of accountants visible in financials. They cover news from the accounting world, including Jirav's $20 million raise in its series B round, and Pilot's 13% workforce layoff, Collective's $50 million raise, and the story about the IRS website sending data to Google Analytics. They also discuss the Accountests ChatGPT challenge and Claude.AI as a ChatGPT alternative. Sponsors Zoho - h...
Jul 20, 2023•1 hr 1 min•Ep. 341
Join Blake Oliver, CPA, and David Leary as they review using TurboTax Live Full Service for their business taxes. See their candid reactions and feedback as they go through the process of filing their 2022 taxes with TurboTax for the first time. Blake and David walk through the steps of getting matched with a tax expert, gathering documents, communicating with their preparer, and finally filing their partnership return. You'll look at the portal used for document exchange, see the questions aske...
Jul 18, 2023•48 min
Learn how Meryl built a 30-headcount bookkeeping firm in eight years that can operate without her. We also get Meryl's take on the PwC scandal in Australia. Earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at earmarkcpe.com. Sponsors Relay - https://cloudaccountingpodcast.promo/relay FinDaily - https://accountingpodcast.promo/findaily Earmark for Teams - https://accountingpodcast.promo/freeshirt Chapters (00:04) - Preview: Why can't the US tax deadlines be as r...
Jul 14, 2023•1 hr 3 min•Ep. 340
In this episode, Blake and David examine the story of the 15-year-old who recently passed the CPA exam, as well as recent news involving accounting firms transitioning to corporations, AI investments, and new laws concerning AI hiring. They also cover several tech stories related to accounting, problems with client portals, and much more! Sponsors OnPay - https://cloudaccountingpodcast.promo/onpay Relay - https://cloudaccountingpodcast.promo/relay Forwardly - https://cloudaccountingpodcast.promo...
Jul 11, 2023•56 min•Ep. 339
In this episode of the Accounting Podcast, Blake and David talk to CPA Roger Knecht about how much CPAs should charge for business tax returns. They also touch on the latest news, including Hunter Biden's plea deal for tax charges, the Pentagon overestimating supplies sent to Ukraine by $6.2 billion, and the SEC charging Marcum with quality control failures. They also dig into sports gamblers losing more money as parlays gain popularity, Roger's five pricing strategies, and AI in accounting. Spo...
Jun 28, 2023•1 hr 2 min•Ep. 338
In this episode, Blake and David talk about the lack of audits hurting the profession, alternatives to tracking hours, whether to pursue a CPA or EA, and salary advice for new accountants. Next, they tackle a ton of news including AI integration in Mailchimp, the launch of FedNow Payment Network, the ROI of IRS audits, and the UK's Making Tax Digital rollout. Remote work, the ESG startup Omnevue securing $3 million in funding, Xero's third price increase in two years and Intuit's response, and m...
Jun 21, 2023•1 hr 9 min•Ep. 337
Welcome to the new era of "The Accounting Podcast," formerly known as "The Cloud Accounting Podcast." Why the name change? This show was born out of a passion for technology's role in accounting, and over the last five years, as cloud-based tools became the norm, we broadened our scope to cover a wide range of topics. We're now delving into everything from PPP and the talent crisis to artificial intelligence, fraud, the business models of accounting firms, the IRS, politics, and much more. Our a...
Jun 15, 2023•2 min
We're back from the AICPA Engage conference sharing takeaways. Also, we're talking about all the latest generative AI developments in accounting, plus the recent PwC scandal in Australia. Sponsors LiveFlow - https://cloudaccountingpodcast.promo/liveflow Zoho - https://cloudaccountingpodcast.promo/zoho Helcim - https://cloudaccountingpodcast.promo/helcim Chapters (00:00) - PREVIEW: The PwC scandal (00:46) - Blake and David are back from AICPA Engage (02:08) - Blake shares his mom's tax return hor...
Jun 14, 2023•1 hr 7 min•Ep. 336
David is a lifelong programmer who founded Expensify in 2008 and built it into the most popular "pre-accounting" platform on the planet. Hear David's vision for the New Expensify, in which every payment is a conversation. Meet Our Guest: David Barrett, CEO of Expensify https://www.linkedin.com/in/davidmbarrett/ Learn more about Expensify http://expensify.com Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com Get CPE for listening to podcasts with Earmark CPE: h...
Jun 09, 2023•48 min
Why AICPA's 12-point plan won't solve the CPA crisis; Earnings reports from Intuit, Sage, and Xero; Ramp adds AI features to spend management platform; why grads are ditching jobs at the Big Four; 70% of Gen Z employees would switch jobs for better tech, and more! Sponsors LiveFlow - https://cloudaccountingpodcast.promo/liveflow Tech Guru - https://cloudaccountingpodcast.promo/techguru Client Hub - https://cloudaccountingpodcast.promo/clienthub Chapters (00:00) - IRS Loses $10 Billion In Debt Ce...
Jun 01, 2023•1 hr 8 min•Ep. 335
We're joined by Ashley the CPA (@seattle_tax) to talk about artificial intelligence coming soon to Microsoft products plus all the news you can use at the intersection of accounting and technology. Sponsors ShareFile - https://cloudaccountingpodcast.promo/sharefile Tech Guru - https://cloudaccountingpodcast.promo/techguru Helcim - https://cloudaccountingpodcast.promo/helcim Chapters (00:00) - ChatGPT is only the beginning (01:23) - Introduction and welcome Ashley to the show (03:12) - Microsoft ...
May 30, 2023•1 hr 8 min•Ep. 334
We're back from ExpensiCon in Italy with thoughts on Expensify's future and the future of spend management; a report from Kristen Keats at Accounting Today's Firm Growth Forum conference; ChatGPT coming soon to a Wendy's drive-thru near you! Sponsors CCH Access - https://cloudaccountingpodcast.promo/axcess SuiteFiles - https://cloudaccountingpodcast.promo/suitefiles Client Hub - https://cloudaccountingpodcast.promo/clienthub Chapters (00:25) - Every Payment Is A Conversation (01:11) - Blake and ...
May 25, 2023•1 hr 12 min•Ep. 333
Accounting Today said ChatGPT failed the CPA Exam — here's why that's misleading; a WSJ reporter clones herself with AI and tricks her bank and family; TurboTax tops the TV ads for tax year 2022; Audit firms remove partners who fault clients' internal controls; 80 percent of BDO Alliance partners vote to eliminate or modify the 150-hour rule Sponsors ShareFile - https://cloudaccountingpodcast.promo/sharefile CCH Axcess - https://cloudaccountingpodcast.promo/axcess SuiteFiles - https://cloudaccou...
May 16, 2023•1 hr 4 min•Ep. 332
Matt Rissell of TSheets dead in apparent murder-suicide; a review of the AI features you can use right now in Client Hub, Canopy, Karbon, Financial Cents and... Sturppy?; This week's guest: Giles Pearson, CEO of Accountests Sponsors OnPay - https://cloudaccountingpodcast.promo/onpay Relay - https://cloudaccountingpodcast.promo/relay Tech Guru - https://cloudaccountingpodcast.promo/techguru Chapters (00:00) - Have your AI contact my AI (00:21) - Introduction and thoughts on the horrible news of M...
May 09, 2023•1 hr 3 min•Ep. 331
In this episode, Pat White and Rafael Casas interview Mackenzie Patel, CEO of Hash Basis, a crypto-native accounting firm based in San Francisco. Mackenzie shares her accounting background and how she got into crypto accounting. They also discuss the challenges of revenue accounting in crypto and the emerging trend of specialized crypto accounting. Get NASBA Approved CPE or IRS Approved CE Launch the course on EarmarkCPE to get free CPE for listening to this episode. Checkout the Bitwave channel...
May 05, 2023•48 min
Raising prices is a priority; NASBA extends time to complete CPA exam; Canopy now writes emails with AI; PwC to invest $1 billion in AI; staff not allowed to go to conferences Sponsors CCH Axcess - https://cloudaccountingpodcast.promo/axcess Zoho - https://cloudaccountingpodcast.promo/zoho Keeper - https://cloudaccountingpodcast.promo/keeper Chapters (00:05) - Preview: Accounting is in a bad place (02:58) - We launched the Federal Tax Updates Podcast with Padgett and welcome to our guests (07:27...
May 03, 2023•1 hr 1 min•Ep. 330
FTX had 80,000 transactions in Ask My Accountant; the crazy cost accounting behind EY's failed breakup; using ChatGPT for financial statement analysis; what the tech world thinks AI will automate in accounting and more! Sponsors LiveFlow - https://cloudaccountingpodcast.promo/liveflow Chapters (00:00) - CAP 329 (00:39) - PREVIEW: How ChatGPT saved Erica (01:09) - Introduction (07:48) - FTX had 80,000 transactions in Ask My Accountant (12:04) - Blake plays a clip from the All-In podcast on AI acc...
Apr 27, 2023•1 hr 12 min•Ep. 329
The M-Score is warning that the chance of fraud is the highest in over 40 years; Did KPMG fail to issue a critical audit matter for Silicon Valley Bank?; The spreadsheet apocalypse, revisited; Former startup founder charged by prosecutors for defrauding JPMorgan Chase; EY split fails; watch out for AI voice cloning scams; and more! Sponsors ShareFile - https://cloudaccountingpodcast.promo/sharefile Relay - https://cloudaccountingpodcast.promo/relay Client Hub - https://cloudaccountingpodcast.pro...
Apr 19, 2023•1 hr 8 min•Ep. 328
We’re joined by Heidi Henderson, EVP at Engineered Tax Services, for our weekly roundup of news at the intersection of accounting and technology. Topics include: How the IRS plans to spend $80 billion over the next 10 years; the top five TikTok tax myths; security issues with AI chatbots; CLA voices support for MNCPA’s 150-hour alternative; why revenue is up 20% in the top 100 firms, and more! Sponsors Zoho - https://cloudaccountingpodcast.promo/zoho LiveFlow - https://cloudaccountingpodcast.pro...
Apr 12, 2023•1 hr 11 min•Ep. 327
Using ChatGPT to audit; accounting salaries on the rise; misclassification of expenses at heart of Trump indictment; church sued for forcing employees to tithe; here's what you can do to help the accountant shortage; a dating sim that does your taxes; half of U.S. workers earn money from a side gig; CEOs quietly backtracking on remote work; where all the SVB depositor money went Sponsors OnPay - https://cloudaccountingpodcast.promo/onpay Zoho - https://cloudaccountingpodcast.promo/zoho Keeper - ...
Apr 05, 2023•1 hr 12 min•Ep. 326
The Federal Tax Updates podcast is a recent addition to the Earmark Media network of accounting-focused podcasts. In this episode, Roger and Annie discuss the most recent IRS updates and recommendations for tax preparers dealing with the surge of inaccurate ERC claims. They also provide some detailed insights into filing extensions for clients. Want to hear more Federal Tax Updates episodes? Listen and subscribe at federaltaxupdates.com Follow the Federal Tax Updates podcast on Social Media: twi...
Mar 30, 2023•52 min
This Week's Guest: Terrell Turner, CPA; 85% of MNCPA members working in public accounting support an alternative to 150 hours; The Silicon Valley Bank Balance Sheet Time Bomb "Sitting In Plain Sight"; Senator Warren complains to PCAOB about sham crypto "audits"; JPMorgan Chase’s nickel bags turn out to be full of stones; PwC introduces AI chatbot for 4,000 lawyers to speed up work; Xero kills WorkflowMax Sponsors SuiteFiles - https://cloudaccountingpodcast.promo/suitefiles Zoho - https://cloudac...
Mar 28, 2023•1 hr 16 min•Ep. 325
Join us for an exclusive interview with Linda Wedul from the MNCPA! We'll dive deep into the pressing issues surrounding the 150-hour rule, the talent shortage facing CPA firms in Minnesota, and how MNCPA is exploring alternative pathways to licensure. Tune in as we explore innovative solutions for keeping the CPA career path competitive and bridging the gap for aspiring professionals. Broadening Pathways to the CPA Credential: https://www.mncpa.org/involvement/legislative/broadening-pathways-to...
Mar 27, 2023•40 min
Matt Foreman explains what tax lawyers do; KPMG in the spotlight for signing off on SVB's books; digital bank apps benefit from SVB collapse; CLA launches paid high school accounting internships; Zoho's 10 most-installed CRM extensions of 2022; accounting talent shortage may cause city credit ratings to drop Sponsors Softledger - https://cloudaccountingpodcast.promo/softledger LiveFlow - https://www.cloudaccountingpodcast.promo/liveflow Keeper - https://www.cloudaccountingpodcast.promo/keeper Ne...
Mar 22, 2023•1 hr 4 min•Ep. 324
