The Accounting Podcast

Blake Oliver & David Leary
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The Accounting Podcast

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.

  1. DOGE Goes After TurboTax & Remote Work

    4 DAYS AGO

    DOGE 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. SponsorsRelay - http://accountingpodcast.promo/relaySuralink - http://accountingpodcast.promo/suralinkSmartVault - http://accountingpodcast.promo/smartvaultArtiffex - 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.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast ClassifiedsClient 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

    1h 6m
  2. Trump's Tax Plans, IRS PPS Fraud, & PCAOB Drama

    16 NOV

    Trump'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. SponsorsOnPay - http://accountingpodcast.promo/onpaySuralink - http://accountingpodcast.promo/suralinkCloud Accountant Staffing - http://accountingpodcast.promo/casArtiffex - 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 https://www.livemint.com/politics/news/how-trump-won-the-economy-is-everything-election-11730973573508.html 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 https://www.journalofaccountancy.com/news/2024/nov/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 https://gpwcpas.com/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.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast ClassifiedsCoefficient - http://accountingpodcast.promo/coefficientexpoForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/ Want to get the word out about your newsletter, webinar,

    1h 14m
  3. Sasan Apologizes to Accountants at Intuit Connect

    8 NOV

    Sasan Apologizes to Accountants at Intuit Connect

    Blake and David examine Sasan Goodarzi's apology and lukewarm reception regarding the recent controversial TurboTax ad campaign. They also take a look at Intuit's new Enterprise Suite product, which aims to compete with NetSuite and Sage Intacct by offering multi-entity accounting capabilities at a lower price point. Moving on, there's talk of Anthropic's new Claude computing capability, EY's resignation as Super Micro Computer's auditor, and Google's declining search market share in the face of AI competition. SponsorsLiveFlow - http://accountingpodcast.promo/liveflowRelay - http://accountingpodcast.promo/relayCloud Accountant Staffing - http://accountingpodcast.promo/cas Chapters(00:41) - Intuit Connect Recap (01:37) - Intuit CEO's Apology (09:32) - Intuit's Market Strategy (15:45) - Intuit Enterprise Suite Demo (30:00) - QuickBooks New Features (36:32) - Upcoming AI Webinar Announcement (37:06) - Feedback on AI Presentation (37:47) - The Future of Tax Preparation with AI (39:34) - AI in Action: Cloud Computer Use Demo (49:46) - Fraud in Political Campaigns (52:53) - Opportunities in Small Town Tax and Bookkeeping (57:08) - EY Resigns as Super Micro Auditor (01:07:39) - Conclusion and Upcoming Events (01:07:56) - Google's Ad Revenue Threatened by AI   Show Notes EY resigns as Super Micro auditor, causes stock to fall 33% https://www.cnbc.com/2024/10/30/super-micro-auditor-resigns-after-raising-concerns-months-earlier.html Intuit Connect 2024: Sasan Goodarzi on AI & the Future of Accounting https://www.youtube.com/watch?v=1xzKztkuhRY Introducing computer use, a new Claude 3.5 Sonnet, and Claude 3.5 Haiku https://www.anthropic.com/news/3-5-models-and-computer-use 'All hell has broken loose': Inside Elon Musk's high-stakes pro-Trump door-knocking effort https://www.nbcnews.com/politics/2024-election/elon-musks-high-stakes-trump-door-knocking-effort-america-pac-rcna176255 BDO must face AmTrust investors' fraud case after US appeals court backtracks https://www.reuters.com/legal/government/column-bdo-must-face-amtrust-investors-fraud-case-after-us-appeals-court-2024-11-04/ Google’s Grip on Search Slips as TikTok and AI Startup Mount Challenge https://www.wsj.com/tech/online-ad-market-google-tiktok-9599d7e8 Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast ClassifiedsCoefficient - http://accountingpodcast.promo/coefficientexpo 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

    1h 16m
  4. What Will Replace 150-Hour Rule? | EY CPAs Fired For Taking Too Much CPE

    30 OCT

    What Will Replace 150-Hour Rule? | EY CPAs Fired For Taking Too Much CPE

    In this episode, Amber Setter returns to discuss the AICPA and NASBA's newly proposed competency-based pathway to CPA licensure, offering a 150-hour-rule alternative. They argue that the complexity of the plan might create more bureaucratic barriers rather than simplifying the process. There's also talk on the challenges facing the profession, including stagnant salaries and declining CPA numbers. Rounding out the show, they examine a recent story about EY firing employees for attending multiple online CPE courses at once. SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoCloud Accountant Staffing - http://accountingpodcast.promo/casTabs - http://accountingpodcast.promo/tabs Chapters(02:30) - Blake's Session on Automation Toolkit (05:11) - Sponsor Acknowledgements (05:34) - Discussion on AICPA and NASBA Competency Pathway (06:35) - Amber Setter's Insights on the Proposed Pathway (10:47) - Concerns and Practical Challenges (16:21) - Potential Impact on CPA Candidates (30:29) - Live Stream Viewer Comments and Questions (36:02) - Debating CPA Education Requirements (36:29) - Personal Journey to Becoming a CPA (37:18) - State Differences in CPA Experience Requirements (39:34) - NASBA's Influence on State Boards (41:47) - Challenges in CPA Firm Hiring Practices (42:38) - Value of Prior Work Experience (42:55) - Different CPA Licenses Across States (45:06) - Master's Degree in Accounting: Is It Worth It? (47:41) - Experience vs. Education in CPA Training (52:35) - The Appeal of Starting Your Own Firm (01:00:15) - EY's Controversial CPE Policy (01:03:09) - Innovative CPE Solutions with Earmark (01:03:55) - Future of CPE and Mental Health Initiatives (01:09:42) - Conclusion and Final Thoughts   Show Notes Exposure draft: Proposed “CPA Competency-Based Experience Pathway” https://www.aicpa-cima.com/certifications/download/exposure-draft-proposed-cpa-competency-based-experience-pathway   Educational Requirements for CPA Licensure https://www.dca.ca.gov/cba/applicants/ed-requirements.shtml   EY Got Rid of Staff Who Took Multiple CPE Courses at the Same Time https://www.cpapracticeadvisor.com/2024/10/23/ey-got-rid-of-staff-who-took-multiple-web-training-course-at-once/112128/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast ClassifiedsCoefficient - http://accountingpodcast.promo/coefficientexpoForwardly - 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

    1h 8m
  5. Why Trump Will Win & AICPA Has a New President

    25 OCT

    Why Trump Will Win & AICPA Has a New President

    Blake and David examine why Trump may win in 2024, discussing immigration's economic impact on working-class wages and how this could affect voting patterns, particularly in border states like Arizona. They also look at the AICPA's selection of Mark Koziel as its new president, questioning whether the organization truly advocates for average CPAs. Moving on, they discuss Intuit's controversial TurboTax marketing campaign and consider why Berkshire Hathaway is reducing its BOA stake due to concerns about unrealized losses in the bank's bond portfolio. SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zoho Practice Protect - http://accountingpodcast.promo/protect Chapters(00:33) - Introduction and Grand Canyon Adventure (02:29) - Padgett Business Model and Amanda's Role (04:19) - Sponsors and Election Involvement (06:00) - Why Trump Will Win: Analyzing the Numbers (06:29) - AICPA Leadership and Industry News (10:29) - Earmark's Growth and Future Plans (24:11) - Immigration Debate and Economic Impact (43:30) - Economic Factors in Trump's Election Loss (44:21) - Ad Break: Zoho Practice Management (46:07) - Impact of Abortion and Immigration on Elections (47:42) - Offshoring and Wage Suppression in Accounting (49:49) - AICPA's Role in Offshoring and Technology (54:05) - Introducing Mark Koziel: New AICPA President (57:48) - Ad Break: Practice Protect Cybersecurity (01:00:04) - Debate on Abortion and Political Affiliations (01:04:50) - Banking Crisis and Economic Policies (01:07:02) - Intuit's Controversial Ad Campaign (01:15:19) - Warren Buffett's Stance on Bank of America (01:25:00) - Conclusion and Upcoming Events   Show Notes Do immigrants really take jobs and lower wages? https://www.npr.org/2024/06/28/1197959366/immigration-economics-mariel-boatlift Escalating Cyber Threats Demand Stronger Global Defense and Cooperation https://blogs.microsoft.com/on-the-issues/2024/10/15/escalating-cyber-threats-demand-stronger-global-defense-and-cooperation/ American productivity still leads the world https://www.economist.com/special-report/2024/10/14/american-productivity-still-leads-the-world Public sector talent shortage: Unique challenges require unique solutions https://www.journalofaccountancy.com/news/2024/oct/public-sector-accounting-challenges.html Intuit asked us to delete part of this Decoder episode https://www.theverge.com/2024/10/21/24273820/intuit-ceo-sasan-goodarzi-turbotax-irs-quickbooks-ai-software-decoder-interview Buffett's Berkshire Trims BofA Stake Closer to 10% https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-10-08-2024/card/buffett-s-berkshire-trims-bofa-stake-closer-to-10--EQHbm5iLN4LTvbgNW29W Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast Classifieds Client Hub - https://clienthub.app/Forwardly - https://www.forwardly.com/Coefficient - http://accountingpodcast.promo/coefficientexpo Want to get the word

    1h 33m
  6. NATP Breaks Up with Intuit & Fat Joe vs. BDO

    17 OCT

    NATP Breaks Up with Intuit & Fat Joe vs. BDO

    Blake and David touch on several hot topics in the accounting world, including the fallout from Intuit's controversial TurboTax ad, and the National Association of Tax Preparers cutting ties with the company. They also examine Trump Jr.'s threats against Deloitte, KPMG's support for alternative pathways to CPA licensure, and rapper Fat Joe's recent experiences with BDO. SponsorsLiveFlow - http://accountingpodcast.promo/liveflowIgnition - http://accountingpodcast.promo/ignitionMercury - http://accountingpodcast.promo/mercury Chapters(01:16) - Controversial Intuit Ad Campaign (03:29) - Blake's Grand Canyon Adventure (04:49) - Intuit's Industry Fallout (09:58) - Tax Preparation Fee Calculator (14:34) - NATP's AI Transition (22:01) - Trump Jr. vs. Deloitte (24:17) - Trump's Tax Policy for Expats (28:08) - Popular Tax Proposals (34:42) - App News: Numeric's Big Funding Round (35:46) - Understanding Flux Analysis (37:11) - AI in Accounting: Real-World Applications (40:38) - Tax Season Tips and Client Management (43:27) - CPA Licensure and Industry Challenges (53:33) - Auditor Misconduct and SEC Rulings (57:54) - Celebrity Financial Scandals: Fat Joe's Case (01:13:59) - Closing Remarks and Upcoming Adventures   Show Notes TurboTax ‘Breakup’ Ad Draws Ire From Tax Pro Org https://tax.thomsonreuters.com/news/turbotax-breakup-ad-draws-ire-from-tax-pro-org/ Deloitte takes fire from Trump-Vance allies over leaked employee messages https://thehill.com/business/4919910-deloitte-employee-trump-criticism/ Trump supports ending double taxation on Americans living abroad: ‘Let’s put America First’ https://nypost.com/2024/10/14/business/former-president-donald-trump-supports-ending-double-taxation-on-americans-living-abroad/ KPMG Supports Alternative CPA Paths to Address Accountant Shortage https://tax.thomsonreuters.com/news/kpmg-supports-alternative-cpa-paths-to-address-accountant-shortage SEC Drops Auditor Misconduct Cases After In-House Judges Ruling https://news.bloombergtax.com/financial-accounting/sec-drops-auditor-misconduct-cases-after-in-house-judges-ruling Fat Joe Suing Accountants Over Fraud Activity https://www.bet.com/article/dh3bcc/fat-joe-suing-accountants-over-fraud-activity Numeric grabs $28M Series A to automate accounting using AI https://techcrunch.com/2024/10/10/numeric-grabs-28m-series-a-for-automating-accounting-with-ai/ Ex-Tingo Auditor Aided, Concealed ‘Massive Fraud,’ SEC Claims https://news.bloombergtax.com/financial-accounting/ex-tingo-auditor-aided-concealed-massive-fraud-sec-claims Fat Joe On Getting Robbed By Accountants, Using The N-Word, BET Hip Hop Awards + Morehttps://www.youtube.com/watch?v=xL3RV6SHY4E Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast ClassifiedsForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Coefficient -  http://accountingpodcast.promo/coefficientexpo  Want to get the word out about your newsletter, webinar, party,

    1h 18m
  7. OpenAI's Insane Entity Structure

    10 OCT

    OpenAI's Insane Entity Structure

    Blake and David look into OpenAI's complex entity structure and potential conversion from nonprofit to for-profit, highlighting the significant financial implications. They also discuss the challenges facing FreshBooks amid recent layoffs and shifting market dynamics and then explore the journey of Vuori's CEO Joe Kudla, emphasizing how his accounting background contributed to the company's success. Wrapping things up, we’ve got listener questions about the value of CPA licenses and growing advisory services in accounting firms. Sponsors Relay - http://accountingpodcast.promo/relayIgnition - http://accountingpodcast.promo/ignitionMercury - http://accountingpodcast.promo/mercury Chapters(02:15) - OpenAI's Nonprofit to For-Profit Dilemma (05:44) - Understanding OpenAI's Complex Structure (13:28) - The Financial Implications of OpenAI's Transition (27:34) - Vuori's CEO: From Accounting to Fashion (34:44) - The Power of Pricing: Vuori's Success Story (35:09) - The Importance of Accounting in Entrepreneurship (36:48) - FreshBooks' Struggles and Market Position (39:42) - The Future of FreshBooks and Industry Trends (46:02) - Listener Mail: CPA Value and Audit Challenges (53:34) - Exploring Advisory Services and Technology Solutions (59:22) - Closing Thoughts and Community Engagement   Show Notes OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia https://www.reuters.com/technology/artificial-intelligence/openai-closes-66-billion-funding-haul-valuation-157-billion-with-investment-2024-10-02/ How Vuori’s Joe Kudla went from accountant to fashion industry success https://www.goldmansachs.com/insights/goldman-sachs-talks/joe-kudla FreshBooks lays off 140 https://www.accountingtoday.com/news/freshbooks-lays-off-140-staff-cites-challenging-18-months SEC Charges Olayinka Oyebola and His Accounting Firm With Aiding and Abetting Massive Fraud https://www.sec.gov/newsroom/press-releases/2024-157 Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast ClassifiedsForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Coefficient - http://accountingpodcast.promo/coefficientexpo  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

    1h 4m
  8. Intuit Attacks Tax Pros & IRS Can't Measure Audit Rate

    4 OCT

    Intuit Attacks Tax Pros & IRS Can't Measure Audit Rate

    Blake and David discuss a controversial TurboTax ad campaign encouraging people to "break up" with their tax professionals, analyze survey data on AI adoption in accounting firms, and critically examine proposed changes to CPA licensure requirements. They also explore NASBA's influence on the profession end debate the merits of automatic mobility for CPAs across states. SponsorsOnPay - http://accountingpodcast.promo/onpayIgnition - http://accountingpodcast.promo/ignitionWorkflowCon - http://accountingpodcast.promo/workflowconinterVal - http://accountingpodcast.promo/interval Chapters(01:32) - Intuit's Controversial NFL Commercial (03:52) - TurboTax's Pricing Strategy (06:32) - Intuit's Market Strategy and Tax Pro Reactions (12:55) - IRS Audit Rates and Challenges (20:25) - EY India Tragedy and Work Culture (27:18) - AI in Accounting: Adoption and Applications (34:02) - Introduction to Perplexity (37:09) - Empowering Your Team with AI (39:11) - Challenges in CPA Firms (42:30) - WorkflowCon 2024 Announcement (44:15) - Changes to CPA Licensure (49:06) - Critique of NASBA and AICPA (57:02) - The Future of CPA Mobility (01:10:44) - Conclusion and Call to Action   Show Notes TurboTax 2024 Beat Your Price Commercial "Tax Break-Up" (Official TV Ad :30) https://www.youtube.com/watch?v=GW7rfwO6_is   Intuit Hosts Investor Day, Reaffirms First-Quarter and Fiscal 2025 Guidance https://investors.intuit.com/news-events/press-releases/detail/1215/intuit-hosts-investor-day-reaffirms-first-quarter-and-fiscal-2025-guidance   The State of AI in Accounting Report 2024 https://karbonhq.com/resources/state-of-ai-accounting-report-2024/   AICPA, NASBA propose a new pathway to CPA licensure https://www.journalofaccountancy.com/news/2024/sep/cpa-competency-based-licensure-pathway.html   AICPA and NASBA Propose Changes to the Uniform Accountancy Act https://www.masscpas.org/news/f339a29a-f278-4bc3-bf30-b1e10d198ca2:aicpa-and-nasba-propose-changes-to-the-uniform-accountancy-act   The Hazards of Redefining Mobility https://nasba.org/blog/2024/09/19/the-hazards-of-redefining-mobility/ How Accounting Firms Can Overcome the Profit Plateau https://www.accountingtoday.com/opinion/how-accounting-firms-can-overcome-the-profit-plateau Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast ClassifiedsForwardly - 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

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About

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.

Information

  • Creator
    Blake Oliver & David Leary
  • Years Active
    2017 - 2024
  • Episodes
    506
  • Rating
    Clean
  • Copyright
    © 2023 Earmark Media LLC
  • Show Website
    The Accounting Podcast

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