The Cloud Accounting Podcast is the #1 accounting and bookkeeping podcast in the world! Join Blake Oliver and David Leary at the intersection of accounting and technology for a weekly news roundup, plus interviews with industry leaders.
Survey Says Tax Preparers Charge Too Little, Too Late
Results of the Drake Software 2021 tax preparer survey, EisnerAmper bails on traditional CPA firm model (and even being a CPA firm), KPMG UK sets diversity targets for working class backgrounds, vaccine mandates at the Big Four, Caleb Newquist's thoughts on why the IRS is looking into regulating tax return preparers, Facebook is buying $100M of unpaid invoices, Amazon is launching a point of sale, what's new at Quicken, Clio makes acquisitions, Notion is buying an automation/API company, and Expensify offers cash back
How Deloitte Created A Marvel Hero
Rumor has it that Intuit is buying Mailchimp for $10B, Xero Tax in the UK is now personal, a digital driver license is coming to an Apple device near you, Neat releases NeatBooks, FreshBooks updates, Square announces a subscription invoicing product, Vic.ai raises $$$, Canopy integrates with QBO, BakerTilly to acquire AcctTwo, how Deloitte turned Simu Liu into a superhero, and more!
The ROI Of An Accounting Degree
Is it too hard to become a CPA? Also, most companies continue to struggle to hire workers, we investigate the ROI of an accounting degree versus your other options, how to get an entry level job that requires 3 years of experience, Intuit's new bookkeeping certification (and how you can use it in your firm), how a video resume could get you your next job, is Intuit building QuickBooks Payroll Live? Zoom updates, Pry raises $4.2 million, Ramp, Zeel, Flexio, and Synder join the party, and more!
Intuit's Aggressive Move To Combat Square Cash App
We're kind of all over the place today, but it's well worth a listen or three! We've got a TikTok sorority future CPA's take on managing the millions that her sorority took in, why an interior designer loves doing bookkeeping, how to work two jobs at once, and PwC is (again) delaying return to office. We're diving deep on EY's launching of 150 credit hour effort - but we think maybe we should just cancel 150 hours). We'll also talk new suits, and how Ed Mendlowitz picked a fight with everyone in his recent blog post. We'll ponder over why fintechs are to blame for PPP fraud, and why accountants should audit AI companies, and it strikes again - the "Accounting Firm Xero." In app news, Blue J raises a bunch of money to add artificial intelligence to tax research, and Credit Karma integrates Money with QuickBooks Online. All this, and much more. Take a break from that second or third remote job, and have a listen!
Accounting Firm FreshBooks Becomes A Unicorn
Lots of ground to cover today, including why millions of PPP borrowers still haven't applied for forgiveness, what firms would have done differently this past tax season, news on a new infrastructure bill held up by crypto rules, and what closing date set for SVOG means. In app news, we'll examine why hundreds of AI tools developed to predict coronavirus infections failed miserably. Then in news of gigantic funding rounds, Gusto takes in a lotta cash, and FreshBooks (an accounting firm) has become a unicorn, raising $130M; Lockstep also got some cash. Moving on to upgrades, and the like, we're talking Xero, their app upgrade, and their collab with Revolut. We'll talk about how the IRS is using QR codes, take a look at the ZenBusiness Money launch, US Bank's purchase of Bento for Business, and Check's (the Stripe of payroll) new QBO integration. All that, more, and reviews from you! Thank you!
Square Buys Afterpay for $29B, Could Have Bought Xero for Less
This week, we've got all the news that's fit to use, including a few interesting acquisitions, such as Square's acquisition of Afterpay. We're wondering why they didn't buy Xero instead. Also, Rootworks buys CPA Practice Advisor, and Dext snags Greenback to to make importing transactions even smoother. In app news, we're talking Windows 365, where you can now subscribe to Windows-in-a-browser-tab, and we'll look at Earth Class Mail's new Android app, some Xero updates to their App Marketplace, and app. It's a slow funding week, but Zeni raised $34 million. If all that info hasn't boggled your brain, we've got survey results on what's really killing productivity, and also how much stuff (like your company's data and passwords) do people hang on to when they move from job to job? Check it out!
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Blake and Oliver - thank you for never missing a show. I always get so excited when I see the blue cloud accounting podcast logo at the top of my podcast feed because it means a new show just dropped. Great content and thought leadership. Would love to see more deep dives into different apps!
Hey Blake and David. Congratulations on the great podcast. You have become my go to source of current events in the Accounting World. Can’t wait for next week, and the week after that, and after that too!