The Accounting Podcast  By  cover art

The Accounting Podcast

By: Blake Oliver & David Leary
  • Summary

  • 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.
    © 2023 Earmark Media LLC
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Episodes
  • SEC Charges Trump's Audit Firm with Massive Fraud
    May 9 2024
    The SEC charged Trump's audit firm with a massive fraud – 1,500 fake filings over 2.5 years! Plus, hundreds of small US banks are at risk due to commercial real estate loan exposure. We're also talking about the potential of AI tools like Claude and ChatGPT to automate various accounting and business tasks, the controversial Corporate Transparency Act's beneficial ownership reporting requirements, and the possibility of its repeal. We wrap with fintech and crypto news, including Mercury Bank's rapid growth and potential regulatory issues.Sponsors Zoho - http://accountingpodcast.promo/zohoRelay - http://accountingpodcast.promo/relayKeeper - http://accountingpodcast.promo/keeperHarbor Compliance - http://accountingpodcast.promo/harborChapters(09:04) - Anthropic launches Claude for teams (11:12) - More LLM models pass CPA exam (18:28) - Blake demonstrates AI's abiity to help with emails (32:56) - 28 AI prompts for small businesses (36:39) - Oregon Senator going after TurboTax to issue refunds to Oregonians (38:44) - The possibility of a regional banking crisis (48:12) - The Corporate Transparency Act might be repealed (54:15) - Tether claims they can't find a Big 4 firm to audit them (56:54) - Mecurity Bank being looked at by FDIC (01:02:05) - Square to allow users to transfer percent of daily sales to Bitcoin (01:03:26) - Download and sign up for the Earmark app Show NotesAnthropic launches a free Claude iOS app and Team, its first enterprise plan | ZDNEThttps://www.zdnet.com/article/anthropic-launches-a-free-claude-ios-app-and-team-its-first-enterprise-plan/ SEC.gov | SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filingshttps://www.sec.gov/news/press-release/2024-51 Oregon senator demands refunds for TurboTax customers over glitch | Accounting Todayhttps://www.accountingtoday.com/news/oregon-senator-demands-refunds-for-turbotax-customers-over-glitch Can LLMs Pass the CPA Exam? Evaluating Large Language Model Performance on the Certified Public Accountant Test by Will Zacher, Sanmukh Kuppannagari :: SSRN https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4788096 Sam Altman says helpful agents are poised to become AI’s killer function | MIT Technology Review https://www.technologyreview.com/2024/05/01/1091979/sam-altman-says-helpful-agents-are-poised-to-become-ais-killer-function/ Why hundreds of U.S. banks may be at risk of failure https://www.cnbc.com/2024/05/01/why-hundreds-of-us-banks-may-be-at-risk-of-failure.html Tether CEO Says An Audit By A Big Four Giant Is Our Top Priority https://coingape.com/tether-ceo-says-an-audit-by-a-big-four-giant-is-our-top-prioritterrestrialBlock lets Square merchants convert a part of their daily sales to bitcoinhttps://techcrunch.com/2024/04/24/block-now-lets-square-merchants-convert-a-part-of-their-daily-sales-to-bitcoin/ The 28 best AI prompts for small businesses https://www.sage.com/en-us/blog/the-28-best-ai-prompts-for-small-businesses/ Congress considers how to fix the Corporate Transparency Acthttps://www.accountingtoday.com/news/congress-considers-how-to-fix-the-corporate-transparency-act Article from www.congress.gov https://www.congress.gov/bill/118th-congress/house-bill/8147/cosponsors Binance founder Changpeng Zhao sentenced to 4 months in prison after plea dealhttps://www.cnbc.com/2024/04/30/binance-founder-changpeng-zhao-cz-sentenced-to-four-months-in-prison-.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher:
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    1 hr and 8 mins
  • Finally! A Tax Bill That Adds Up
    May 2 2024
    Blake and David examine the latest tax legislation traveling through Congress, including a new bill requiring the IRS to provide detailed explanations for math errors on tax returns. They also discuss the IRS's new direct file program, the banning of non-compete agreements, and the coolest profession around (spoiler alert: it's not accounting). Lastly, they touch on the concerning data breach at BerryDunn and the AICPA's efforts to rebrand the CPA to attract more young people to the field.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Zoho - http://accountingpodcast.promo/zohoKeeper - http://accountingpodcast.promo/keeperHarbor Compliance - http://accountingpodcast.promo/harborChapters(02:40) - New proposed IRS Math Act (05:42) - IRS wraps first season with free file program (09:44) - "The Magician" tax preparer arrested for $100 million tax fraud (15:11) - The future of social security (19:01) - Sam Bankman-Fried makes a deal in civil suit (20:34) - FTC rules noncompetes are unlawful (25:32) - Ryan Tax Firm challenges FTC noncompete ruling (28:04) - QuickBooks Live announcement upsets accountants (41:24) - Anonymous listener says you can work normal hours and still make money (44:45) - Accountant charged with embezzling $800k from CA paving firm (47:53) - Ryanair CEO thinks more accountants should be running airlines (55:39) - Accounting firm sued for data leak (57:36) - CPA "Coolest Profession Around) (01:01:49) - What is "Accounting Plus" (01:06:52) - NASBA offers The Accountancy Licensing Library (01:10:14) - Thanks for listening and remember to subscribe Show NotesAccountant Charged With Embezzling $800,000 From Paving Firm in California - CPA Practice Advisor https://www.cpapracticeadvisor.com/2024/04/25/virginia-accountant-charged-with-embezzling-800000-from-richmond-paving-firm/104508/ Ryan Leads Charge Against Biden’s Ban on Noncompete Clauses - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2024/04/26/ryan-leads-charge-against-bidens-ban-on-noncompete-agreements/104537/ Move Over, TurboTax? IRS Considers Expanding Free Tax-Filing Program – WSJhttps://www.wsj.com/personal-finance/taxes/irs-considers-expanding-free-tax-filing-program-8f68cc9a?st=0akqqiu2v0gjb8v Boeing Needs Another Accountant As CEO, Says Ryanair CEO – Avwebhttps://www.avweb.com/aviation-news/boeing-needs-another-accountant-as-ceo-says-ryanair-ceo/ Ultra-Rich Should Pay More Taxes to Save Social Security, Poll Shows - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2024/04/25/ultra-rich-should-pay-more-taxes-to-save-social-security-poll-shows/104458/ FTC Bans Noncompete Agreements That Restrict Job Switching – WSJhttps://www.wsj.com/politics/policy/ftc-bans-noncompete-clauses-that-restrict-job-switching-984d2187?st=sxhwibcr49evqxc Bronx tax preparer known as "the magician" arrested for $100 million tax fraud | ADN Américahttps://adnamerica.com/en/new-york/bronx-tax-preparer-known-magician-arrested-100-million-tax-fraud With close calls mounting, the FAA will require more rest for air traffic controllershttps://www.npr.org/2024/04/22/1246349237/close-calls-faa-air-traffic-control-fatigue New bill would force IRS to explain tax return errors | The Hillhttps://thehill.com/business/4602429-new-bill-would-force-irs-to-explain-tax-return-errors/ The Accountancy Licensing Library: Your Ultimate Resource for CPA Licensure | NASBAhttps://nasba.org/blog/2024/04/01/the-accountancy-licensing-library-your-ultimate-resource-for-cpa-licensure/ The cost of doing your taxes are up nearly 10% this year – Marketplacehttps://www.marketplace.org/2024/03/15/tax-preaparation-costs-up-nearly-10-percent/Sam Bankman-Fried agrees to help FTX investors in lawsuits against Tom Brady, Larry Davidhttps://nypost.com/2024/04/22/business/sam-bankman-fried-agrees-to-help-ftx-investors-in-lawsuits-against-tom-brady-larry-david/ Intuit Hosting 'QuickBooks Live' Webinar https://insightfulaccountant.com/in-the-news/people-and-business/intuit-hosting-quickbooks-live-webinar/ QuickBooks "Live Experts" May Not Be So Badhttps://insightfulaccountant.com/accounting-tech/general-ledger/quickbooks-live-experts-may-not-be-so-bad/ Millions more salaried workers will be eligible for overtime pay under final Biden administration rulehttps://www.cnn.com/2024/04/23/politics/overtime-pay-salaried-workers-biden/index.html Senators introduce bill to simplify IRS notices https://www.accountingtoday.com/news/senators-introduce-bill-to-simplify-irs-notices IRS Says It Saw ‘Strong Response’ From Direct File Pilot Users This Tax Seasonhttps://www.cpapracticeadvisor.com/2024/04/26/irs-saw-strong-response-from-direct-file-pilot-users-this-tax-season/104545/ U.S. accounting firm Be...
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    1 hr and 13 mins
  • Maximizing Your Accounting Firm's Value with Brannon Poe
    Apr 26 2024

    Blake Oliver sits down with Brannon Poe of Poe Group Advisors to discuss the differences between traditional and subscription-based virtual accounting firms. Brannon shares his expertise on firm valuation, revealing that factors like cash flow to owner and owner hours play a significant role in determining a firm's value. He also emphasizes the importance of pricing strategies, noting that implementing value pricing and subscription models can dramatically improve a firm's profitability and overall value. Throughout the conversation, Brannon provides valuable insights and real-world examples to help firm owners maximize their firm's value in preparation for a potential sale.

    Meet Our Guest, Brannon Poe

    LinkedIn: https://www.linkedin.com/company/poe-group-advisors/
    Twitter: https://twitter.com/poegroupadvisor
    Facebook: https://www.facebook.com/PoeGroupAdvisors/
    Instagram: https://www.instagram.com/poegroup/

    Learn more about Poe Group Advisors

    Website: https://poegroupadvisors.com/

    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe 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/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

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    23 mins
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The Must-Listen-To Podcast 4 Accountants

Love listening to David Leary and Blake Oliver's podcast. Super relevant and always interesting. Having their fingers on the pulse of the accounting industry, they bring current accounting news to listeners in a great format and engaging conversation. Happy to see them on Audible!

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