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Blake and David meet with Geoffrey Brown of the Illinois CPA Society to examine some key findings from ICPAS's recent retention report, including top reasons for turnover, where departing accountants are going, and ideas for improving work-life balance. Meet Our Guest, Geoffrey Brown LinkedIn: https://www.linkedin.com/in/geoffrey-brown-cae-9039484/Twitter: https://twitter.com/IllinoisCPAFacebook: https://www.facebook.com/ICPASInstagram: https://www.instagram.com/illinoiscpasociety/ Learn more about the Illinois CPA Society (ICPAS) Website: https://www.icpas.org/ Listener SurveyPlease take our listener survey: https://accounting.show/survey 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 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

Blake and David break down the IRS's $99 million paper-check limit, how states use tax credits to attract movie productions (sometimes unsuccessfully) and give their take on actor Kenan Thompson losing $1.5 million to fraud as a child. They also cover couples arguing over finances, AI answering tax questions in California, accounting rules hiding commercial real estate loan losses on bank balance sheets, and the lack of action from accounting standards boards to change these rules. SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Relay - http://accountingpodcast.promo/relayClient Hub - http://accountingpodcast.promo/clienthub Chapters(00:40) - What's the largest check you can write to the IRS? (05:38) - Jeff Bezos could be saving $600 million from moving to Florida (14:44) - Why movie studios are throwing out projects for tax breaks (20:54) - Keenan Thompson's accountant stole $1.5 million from him (26:18) - How much of relationship problems are finance-related? (31:29) - California plans to use AI to help answer people's tax questions (35:42) - PwC UK boss says AI is why workers should be in the office (40:36) - Silicon Valley Bank collapse follow-up and why it could happen again (51:00) - Thanks for listening and check out the Unofficial Quickbooks Accountants Podcast   Show Notes Warner Bros.' Disgusting Accounting Trick May Find an Opponent in the U.S. Government IRS Seeks More Than $1 Billion From SVB for Taxes IRS sues FDIC to get $1.45B in SVB back taxes        Mayweather’s $18 Million Check To The IRS Packs A Punch, But Is Under The $100 Million Weight Limit California plans to use AI to answer your tax questions Jeff Bezos will save over $600 million in taxes by moving to Miami The Indicator from Planet Money : NPR   Mayweather’s $18 Million Check To The IRS Packs A Punch,But Is Under The $100 Million Weight Limit   Jeff Bezos reaps Florida tax benefit with $4B Amazonshare sale   Young staff need to be in the office because of AI, saysPwC's UK boss | Accounting Today   Money is the Biggest Relationship Hurdle for 1 in 4Couples, Survey Reveals - CPA Practice Advisor   Kenan Thompson Reveals a Crooked Accountant Stole $1.5Million From Him During His Nickelodeon Days | Video   When accountants attack: why Netflix is cancelling HalleBerry’s new sci-fi movie   Ben Affleck Reportedly Filming The Accountant 2 This Year   FASB Won’t Consider Changes in Securities AccountingAfter Bank Failures - WSJ New York Community Bank’s Commercial Real Estate LoanProblem May Be Isolated, Experts Say   Banking Crisis Plays Out at America’s Smallest Lenders Listener SurveyPlease take our listener survey: https://accounting.show/survey 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:...

Blake and David talk with Chayton Farlee, an accounting student at the University of the Pacific, about his journey into accounting and his thoughts on the profession. They discuss his inspiring path from cleaning carpets during the pandemic to pursuing his CPA and CMA, the disconnect many students feel between accounting theory and real-world application, the importance of bookkeeping skills, and considerations around starting his career at a Big Four firm or a smaller, more lifestyle-friendly firm. Meet Our Guest, Chayton Farlee LinkedIn: https://www.linkedin.com/in/chaytonfarlee/ Listener SurveyPlease take our listener survey: https://accounting.show/survey 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/OvercastClassifieds 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

Blake and David discuss a wealth of timely topics, including the risks of filing taxes electronically versus by mail, the impact of the 150-hour rule on diversity in the accounting profession, and how major accounting firms are turning to private equity funding to accelerate growth. They also explore news from the artificial intelligence space, including Google's unveiling of Gemini, as well as ADP's new AI assistant, and examine how deepfake video calls enabled the theft of $25 million. SponsorsRelay - http://accountingpodcast.promo/relayFreshBooks - http://accountingpodcast.promo/freshbooksAirbase - http://accountingpodcast.promo/airbase Chapters(00:29) - Welcome to the show (03:24) - Finance worker pays $25 million after video call with a deep fake of company CFO (08:54) - Is QuickBook taking tax accountants' jobs? (16:23) - Three AI accounting startups raise money funding round (25:14) - Baker Tilly is now private-equity-owned (27:32) - How much do the Big 4 spend on lobbying? (31:52) - The Wall Street Journal's terrible opinion piece of E-filing (38:25) - 13 states are suing the IRS for direct file system (40:15) - MIT study on effects of 150-hour rule (46:28) - Dual licensed CPAs and CMAs earn almost $40k more per year (49:17) - Google releases Gemini and is retiring BARD (53:33) - ADP launches ADP Assist (56:48) - Gemini also now does AI art (59:25) - Thanks for listening and please fill out our survey   Show Notes Finance Employee Defrauded for $25M by Deepfake CFO Dual Certifications Mean Big Bucks for Accountants - CPA Practice Advisor Baker Tilly US gets PE investment | Accounting Today Big Four Lobby Congress on Accounting Pipeline, AI, Crypto Beware of E-Filing Your Tax Return QuickBooks Live Tax Update: Understanding QuickBooks customers use of tax prep services Accounting software startup Pennylane becomes France’s latest unicorn | TechCrunch Google’s Gemini is now in everything. Here’s how you can try it out. Accounting body tells members to make annual pledge to be ethical     Platform Accounting Group gets $85M funding round    Finally, now with $10M, adds AI for better insight into small business accounting     AI Will Be Doing More Accounting If Startup Investors Have Their Way     ADP launches ADP Assist genAI assistant     Republican attorneys general denounce IRS free file pilot as rival to products like TurboTax     Higher tax filing costs could take a bite out of your refund     DataSnipper, startup that uses AI to eliminate some of the ‘dread’ in accounting, is valued at $1 billion in latest funding round     Platform Accounting Group Secures $85 million in Funding Led by Cynosure Group     Finally Raises $10 Million to Expand Small Business Automation Solutions     Finally, the AI-Powered Accounting & Finance Suite, Closes $10M Raise to Propel SMB Growth Forward     France gains a new unicorn as Pennylane raises €40m     QuickBooks Live Tax Update      Beware of E-Filing Your Tax Return     DataSnipper Raises $100M at $1B Valuation to Empower Auditors with AI     Big Four Lobby Congress on Accounting Pipeline, AI, Crypto     Finance worker pays out $25 million after video call with deepfake ‘chief financial officer’     I'm an Accountant and Here's Why I'd Never File My Taxes Online — Best Life  Listener SurveyPlease take our listener survey: https://accounting.show/survey 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 ...

Yoseph West joins Blake and David to examine Relay Financial's background and their ambition to solve banking problems by becoming a bank themselves, designing the ideal user experience, and overcoming regulatory challenges. West also outlines Relay's redesigned accountant partner program, its many benefits, and upcoming features like receipt capture. The discussion turns to best practices for incorporating technology like Relay into accounting practices to solve client problems and the importance of understanding client pain points. Meet Our Guest, Yoseph West LinkedIn: https://www.linkedin.com/in/yosephwest/Twitter: https://twitter.com/bankwithrelayFacebook: https://www.facebook.com/bankwithrelayInstagram: https://instagram.com/bankwithrelay Learn more about the Relay Partner Program:  https://www.relayfi.com/advisor-partner-program?referralcode=acctpod&utm_source=ab&utm_medium=podcast&utm_campaign=abpartnerprogram Disclaimer: Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance are provided through Thread Bank; Member FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted Listener SurveyPlease take our listener survey: https://accounting.show/survey 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 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

CNBC tells taxpayers to seek out EAs if they can't find a CPA, crypto fraud by a pastor who claims God told him to do it, issues with IRS taxpayer notices and filing, accounting irregularities at agricultural giant ADM send the stock plummeting, CPA reciprocity is a pain, AI updates including Microsoft Mesh VR meetings in Teams, FTC forcing TurboTax to stop advertising as "free," Wave’s new paid subscription model, and the liquidation threat facing massive Chinese developer Evergrande. SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoClient Hub - http://accountingpodcast.promo/clienthub Chapters(00:29) - Welcome to the show (02:19) - CNBC article on what to do if you can't find a CPA to do your taxes (07:12) - Trump tax leaker sentenced to 5 years in prison (08:45) - FTC rules Intuit can no longer advertise their product as free (12:51) - H&R Block and Intuit are suing each other and each one's AI (18:39) - Brex is cutting 20% of their staff (20:59) - Microsoft Mesh and virtual reality meetings (24:14) - Wave introduces paid pro plan (26:05) - Microsoft passes Apple as the world's most valuable company (30:01) - Blake reads a few live viewer comments (30:57) - ADM suffers big stock drop amid accounting investigation (36:07) - Pastor charged with cryptocurrency fraud (38:39) - FTX has amassed $4.4 billion by selling cyrpto assets (39:58) - Tingo fraud update and correction (44:47) - Iowa CPA survey shows CPAs support alternative pathways to license besides 150-hour requirement (52:34) - A few IRS stories (01:00:24) - Blake teases China and Evergrande story (01:01:42) - Wrap up and please fill out our listener survey   Show Notes SEC Charges Tingo Mobile Founder, Three Companies with Massive Fraud and Obtains Emergency Relief Pastor Charged With Cryptocurrency Fraud Said God Told Him to Do It - The New York Times Accounting investigation under way at ADM and its top financial executive has been placed on leave | AP News Here's what to do if you can’t find an accountant for tax season Former IRS Contractor Sentenced for Disclosing Tax Return Information to News Organizations | United States Department of Justice TurboTax Can No Longer Advertise Products as Free, F.T.C. Says H&R Block launches AI tax filing assistant - The Verge TurboTax bolsters support options, both human and AI Brex cuts 20% of staff amid reports of stalled growth, high burn | TechCrunch Bring virtual connections to life with Microsoft Mesh, now generally available in Microsoft Teams Investors see Microsoft's stock market value leaving Apple behind Input steers CPA licensure pathways recommendation - Iowa Society of CPAs Listener SurveyPlease take our listener survey: https://accounting.show/survey 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 ClassifiedsREFRAME WORKSHOP - https://www.reframe2024.com/Royalwise - https://royalwise.com/partnerForwardly - h

This week, Blake and David Leary sort through the mail and respond to a variety of listener emails and voicemails. Amongst the topics covered, they explore working as a TurboTax preparer to barriers faced by career-changers entering public accounting. They go on to debate the root causes behind accounting's heavy workloads and offer perspectives on how licensing rules and firm profitability shape experiences. SponsorsOnPay - http://accountingpodcast.promo/onpayA2 Advisors - http://accountingpodcast.promo/luke Earmark - https://earmarkcpe.promo/EarmarkMediaKit Chapters(00:04) - Welcome to the show and some personal updates from David and Blake (07:38) - A TurboTax expert tells us why she loves her job (16:26) - Tyler writes in about the pipeline problem (23:42) - Looking at other career certification requirements as inspiration for CPA change (27:47) - CPA mobility and reciprocity (37:32) - Bank statements are the norm for getting any loan in Puerto Rico (39:37) - The CPA profession is the transmission of a car (44:37) - Accountant's starting salaries are the biggest pipeline problem (53:39) - Blake checks in with the live chat (57:26) - Creating a "paralegal" type license in the accounting field (58:59) - Ways to mitigate busy season (01:02:17) - Wrap up and remember to send us your thoughts and stories   Show Notes Coming soon! Listener SurveyPlease take our listener survey: https://accounting.show/survey 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 ClassifiedsREFRAME WORKSHOP - https://www.reframe2024.com/Royalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/ 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

Blake and David discuss the challenges of busy season and achieving work-life balance as accountants. They also debate the value and investment risks of cryptocurrency and analyze global economic impacts like outflows from China's economy. They also review some of the latest AI trends including self-driving vehicle safety data, and examine some recent news regarding a software error falsely accusing hundreds, an SEC crypto ETF approval, and a feel-good small town tax budget balanced without rate hikes thanks to a new accounting system implementation. Grab your favorite snack and have a listen! SponsorsOnPay - http://accountingpodcast.promo/onpayFinDaily - http://accountingpodcast.promo/findailyClient Hub - http://accountingpodcast.promo/clienthub Chapters(00:31) - Welcome to the show. Blake has been traveling (07:04) - How can accountants attract lifelong customers (09:59) - KPMG working to reduce late hours and weekend work (16:08) - UK coffee shop introduces subscription pricing (19:54) - Are accounting tech jobs more balanced? (21:49) - We did a bonus interview with Rightworks and more AI updates (24:32) - Waymo caused accidents vs human drivers (29:39) - Are AI-caused layoffs coming? (31:29) - The SEC approves crypto ETFs (34:52) - NYT story on NYU student's $6 million crypto mine (39:35) - Update on UK Postal scandal and Fujitsu (43:52) - An estimated $50 billion per month moved out of China in 2023 (47:54) - Hydroxychloroquine and putting numbers in perspective (51:14) - David's personal information may have been leaked in the Framework leak (53:08) - GM suing the city of San Francisco over taxes (55:23) - Small Pennsylvania town cancels tax hikes after new accounting system finds unaccounted revenue (56:25) - Thanks for listening and remember to subscribe   Show Notes KPMG looks to take some of the pain out of the auditing ‘busy season’   OpenAI debuts ChatGPT subscription aimed at small teams | TechCrunch   Comparison of Waymo Rider-Only Crash Data to Human Benchmarks at 7.1 Million Miles   Expanding Copilot for Microsoft 365 to businesses of all sizes   A third of companies have already laid off workers due to AI   This N.Y.U. Student Owns a $6 Million Crypto Mine. His Secret Is Out. - The New York Times   SEC Approves Bitcoin ETFs for Everyday Investors   Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China. - The New York Times   Hydroxychloroquine could have caused 17,000 deaths during Covid, study finds   GM blasts San Francisco in lawsuit over $108M tax bill   OpenAI debuts small team ChatGPT subscription   Intuit sues H&R Block over marketing claims it says are false, misleading The role of auditors in the Post Office scandal: A need for greater accountability?   Framework email customers for data breach from accounting partner getting phished Fujitsu shares drop nearly 4% as its Europe chief says compensating Post Office victims is a 'moral obligation'         Report: 25% of CEOs Expect AI to Lead to Job Cuts in 2024            Expanding Copilot for Microsoft 365 to businesses of all sizes  Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Listener SurveyPlease take our listener survey: https://accounting.show/survey 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, st...

Dominic Piscopo is the founder of Big4Transparency.com, an accounting salary transparency website. Dominic was inspired to start the site based on his experience discovering the disparity in compensation between his accounting job and what other accountants were making in the same city. To date, Big4Transparency.com has collected over 13,000 salary data points. In the episode, we discuss the value of using the platform for salary negotiation. Dominic also highlights trends in accounting salaries, the impact of job hopping on earnings, and the relationship between work environment and job satisfaction. Meet Our Guest, Dominic Piscopo LinkedIn: https://www.linkedin.com/in/dopiscopo/ Learn more about Big4Transparency.com Website: https://www.big4transparency.com/ 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 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

Blake and David mull over the Arizona CPA Society's survey revealing that 80% of Arizona CPAs support 150-hour-rule alternatives. They also examine the UK Post Office scandal that led to hundreds of criminal convictions of postmasters, as well as Deloitte's recent massive audit failures, and the impacts of the talent shortage illustrated by delayed government audits in Wyoming. Wrapping things up, some reflections on the need for major reforms in auditing and regulation of the accounting profession. All this and more, right here, right now! Sponsors Zoho - http://accountingpodcast.promo/zohoRelay - http://accountingpodcast.promo/relayClient Hub - http://accountingpodcast.promo/clienthub Chapters(00:29) - Blake goes over the Arizona Society of CPA's survey results (06:09) - Do 150-hour employees do better work? (09:38) - Are firms facing an accounting shortage? (14:49) - Did you know Nikki Haley was an accountant? (16:35) - Deloitte audit failure in Nigeria (29:42) - Certified Pastry Aficionado (31:44) - Tsunami miracle baby, now 19, pursuing an accounting degree (34:37) - Fujitsu, Horizon, and the disgusting postal worker prosecution failure by the UK government (48:48) - Blake checks in on the live chat (53:26) - Going Concern: Wyoming firm faces staffing shortage in critical government audits (56:56) - Download Earmark. Earn free CPE for listening  Show Notes Arizona CPA Society releases 150-hour survey results https://www.ascpa.com/news/ddf50a1e-70cc-4d5b-9e00-cc9c5f82c17e:az-cpa-januaryfebruary-2024 How Deloitte missed a massive Nigerian company fraud https://www.forbes.com/sites/brandonkochkodin/2024/01/10/how-auditor-deloitte-missed-a-nigerian-companys-massive-fraud/?sh=49b6cce059f4 Tsunami miracle baby now majoring in accounting https://www.nst.com.my/news/nation/2023/12/994163/tsunami-miracle-baby-now-19-pursues-accounting-degree-nsttv Only two firms in Wyoming can do government audits, and one can’t do its job https://www.goingconcern.com/there-are-only-two-firms-in-wyoming-that-can-do-government-audits-and-one-cant-do-its-job-because-of-staff-shortages/ There Are Only Two Firms in Wyoming That Can Do Government Audits and One Can’t Do Its Job Because of Staff Shortages             https://www.goingconcern.com/there-are-only-two-firms-in-wyoming-that-can-do-government-audits-and-one-cant-do-its-job-because-of-staff-shortages/   Revealed: The Fujitsu fat cats who pocketed huge salaries while its flawed Horizon accounting system ruined... https://www.dailymail.co.uk/news/article-12948671/The-Fujitsu-fat-cats-pocketed-huge-salaries-flawed-Horizon-accounting-ruined-lives-thousands-postmasters-wrongly-accused-stealing-Post-Office-emerges-charge-government-contracts.html   What should accounting technology providers learn from the Post Office Horizon scandal? https://www.accountancyage.com/2024/01/09/what-should-accounting-technology-providers-learn-from-the-post-office-horizon-scandal/   Plans to legislate for resolution of Post Office accounting scandal https://www.accountancydaily.co/plans-legislate-resolution-post-office-accounting-scandal   Post Office under criminal investigation for potential fraud over Horizon scandal https://www.theguardian.com/uk-news/2024/jan/05/post-office-criminal-investigation-potential-horizon-accounting-fraud   Some 86 people have seen their convictions for false accounting and theft overturned https://curated.tncontentexchange.com/partners/afp/the-firm-created-faulty-accounting-software-that-saw-subpostmasters-wrongly-convicted-of-theft/image_383af729-fda2-517c-b5ff-85afffefb214.html   UK police launch fraud inquiry over post office IT scandal https://www.themountaineer.com/news/national/uk-police-launch-fraud-inquiry-over-post-office-it-scandal/article_72e76f8b-7e6f-55ad-9605-93183aefb01e.html   How the Post Office’s Horizon system failed: a technical breakdown https://www.theguardian.com/uk-news/2024/jan/09/how-the-post-offices-horizon-system-failed-a

Blake and David meet up with TJ Lewis and Aaron Van Ruler from Rightworks about their new AI tool called Spark, built specifically for accountants on top of ChatGPT. They discuss how Spark helps accounting professionals by providing industry-specific content, tools, and assistants to enhance efficiency and expertise. TJ and Aaron also share details on Spark's capabilities, roadmap, and potential integration with other Rightworks products. Meet Our GuestsTJ Lewis, Innovation Strategist, Rightworks LinkedIn: https://www.linkedin.com/in/tj-lewis/ Aaron Van Ruler, Innovation Strategist, RightworksLinkedIn: https://www.linkedin.com/in/avanruler/ Learn more about Rightworks https://ai.rightworks.com/ 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 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

Blake throws his hat into the ring for President and CEO of NASBA! Hear how he intends to shake things up should he be chosen! Next, Blake and David unpack a survey on the surprisingly low tax-preparer fees across the country, discuss the headaches still posed by interstate CPA licensing, and consider some solutions like modeling CPA reciprocity rules! Grab some snacks and enjoy! Sponsors LiveFlow - http://accountingpodcast.promo/liveflowUncat - http://accountingpodcast.promo/uncatBookkeep - http://accountingpodcast.promo/bookkeep Chapters(00:00) - How Much Tax Preparers Charge (01:24) - Blake applied to be the new NASBA President and CEO (09:02) - David's customer experience at a Publix's grocery store (11:12) - National Association of Tax Professionals 2023 survey results (18:00) - What type of returns are they doing? (23:23) - How do tax preparers operate? (24:39) - How do tax preparers price? (27:45) - Now lets talk about business tax returns (32:09) - When do tax preparers get paid? (51:04) - What work went unbilled? (55:05) - Type of services offered (55:34) - Average wages for tax employees (56:15) - Blake checks in with the live stream (59:21) - Daryl asks for career advice (01:05:03) - New TurboTax ad doesn't shy away from "free" claim (01:06:17) - Listener email on reciprocity (01:18:45) - Wrap up and where to reach us   Show Notes Intuit TurboTax's 2024 "Make Your Moves Count" Campaign Highlights Its Tax Experts, AI Technology and Filing Solutions Ensuring the Best Tax Outcome for All Types of Filers     TurboTax Free Edition 2024 Commercial "Free Connoisseur" (Official TV Ad :30)   NATP 2023 Tax Professional Fee Study 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 ClassifiedsRoyalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/LiveFlow Event - https://www.liveflow.io/events/greg-kyte-eventREFRAME WORKSHOP - https://www.reframe2024.com/ 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