Aaron Harris joins Blake and David to discuss Sage's new AI offering, Sage Copilot, which brings generative intelligence into Sage Intacct to eliminate routine accounting work. They discuss specific use cases Copilot handles, like chasing people for approvals/documents, drafting emails, and answering ad hoc questions without running reports. Aaron also shares his perspective on AI’s impact on the accounting profession and why increased automation will make human review and trust even more essential.Meet Our Guest, Aaron Harris, CTO, SageLinkedIn: https://www.linkedin.com/in/aaron-harris-7407b2/Twitter: https://twitter.com/i/flow/login?redirect_after_login=%2FAaronRHarrisLearn more about Sagehttp://www.sage.comListener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant 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/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Trust Me, I'm an AI: Aaron Harris on the Future of Accounting

Blake and David discuss the Lyft financial typo that sent its stock price soaring. They also examine how AI-powered help desks and customer service are improving efficiency by 10-20%, and look at some alternatives to the pesky 150-hour rule. Other news includes the future of commercial real estate taxes, the use of AI tools to monitor employee communications, and how the IRS plans to collect over $500 billion more in owed taxes. Sponsors OnPay - http://accountingpodcast.promo/onpayCloud Accountant Staffing - http://accountingpodcast.promo/casWebgility - http://accountingpodcast.promo/webgilityChapters(00:39) - David asks Blake to guess the profession

(07:25) - Lyft&#39;s earnings report typo

(14:36) - Trump found guilty!

(23:08) - The City of Boston could lose over $1 billion from commercial real estate taxes

(29:24) - How are some companies using generative AI to improve their businesses?

(37:11) - Companies using AI to monitor employee messaging

(40:20) - New Jersey CPA Society talks 150-hour rule

(52:21) - The IRS is collecting $500 billion more in taxes

(54:04) - Thanks for listening, leave us a review and Earn Free CPE
 Show NotesHow Walmart, Delta, Chevron and Starbucks are using AI to monitor employee messagesLyft&#39;s Extra Zero Puts Focus on Corporate Controls: Explained$1,741 Is the Average Tax Refund So Far, IRS SaysIRS aims to close &#39;inequity gap&#39; for unpaid taxes. How the agency targets top earners for auditAs A New Tax Filing Season Kicks Off, We Look at the IRS Efforts to Improve Customer Service and the Audits of Two Very Different Kinds of Taxpayers               Trump civil fraud case: Judge fines Trump $354 million, says frauds &#39;shock the conscience&#39;                How WeWork became the largest tenant in Boston           In biggest office lease of the year, Deloitte plans move to Winthrop Center             Lyft CEO addresses major typo in earnings report Listener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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&#39;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/SpotifyPodcha

Lyft's Big Financial Typo

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 BrownLinkedIn: 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/surveyNeed 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: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant 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/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Why Accountants Quit Public Accounting Firms

Blake and David break down the IRS&#39;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/clienthubChapters(00:40) - What&#39;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&#39;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&#39;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 NotesWarner Bros.&#39; Disgusting Accounting Trick May Find an Opponent in the U.S. GovernmentIRS Seeks More Than $1 Billion From SVB for TaxesIRS 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 LimitCalifornia plans to use AI to answer your tax questionsJeff Bezos will save over $600 million in taxes by moving to MiamiThe 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&#39;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 - WSJNew York Community Bank’s Commercial Real Estate LoanProblem May Be Isolated, Experts Say Banking Crisis Plays Out at America’s Smallest LendersListener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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 Faceboo

The Biggest Check You Can Write to The IRS

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 FarleeLinkedIn: https://www.linkedin.com/in/chaytonfarlee/Listener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant 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/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

From Carpet Cleaner to CPA: An Accounting Student's Journey

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&#39;s unveiling of Gemini, as well as ADP&#39;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/airbaseChapters(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&#39; 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&#39;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 NotesFinance Employee Defrauded for $25M by Deepfake CFODual Certifications Mean Big Bucks for Accountants - CPA Practice AdvisorBaker Tilly US gets PE investment | Accounting TodayBig Four Lobby Congress on Accounting Pipeline, AI, CryptoBeware of E-Filing Your Tax ReturnQuickBooks Live Tax Update: Understanding QuickBooks customers use of tax prep servicesAccounting software startup Pennylane becomes France’s latest unicorn | TechCrunchGoogle’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 &amp; 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

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 WestLinkedIn: https://www.linkedin.com/in/yosephwest/Twitter: https://twitter.com/bankwithrelayFacebook: https://www.facebook.com/bankwithrelayInstagram: https://instagram.com/bankwithrelayLearn more about the Relay Partner Program: https://www.relayfi.com/advisor-partner-program?referralcode=acctpod&utm_source=ab&utm_medium=podcast&utm_campaign=abpartnerprogramDisclaimer: 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 acceptedListener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant 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/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Building a Bank for Accountants and Small Businesses

CNBC tells taxpayers to seek out EAs if they can&#39;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 &quot;free,&quot; 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/clienthubChapters(00:29) - Welcome to the show

(02:19) - CNBC article on what to do if you can&#39;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&amp;R Block and Intuit are suing each other and each one&#39;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&#39;s most valuable company

(30:01) - Blake reads a few live viewer comments

(30:57) - ADM suffers big stock drop amid accounting investigation

(36:03) - Pastor charged with cryptocurrency fraud

(38:35) - FTX has amassed $4.4 billion by selling cyrpto assets

(39:54) - Tingo fraud update and correction

(44:43) - Iowa CPA survey shows CPAs support alternative pathways to license besides 150-hour requirement

(52:29) - A few IRS stories

(01:00:19) - Blake teases China and Evergrande story

(01:01:37) - Wrap up and please fill out our listener survey
 Show NotesSEC Charges Tingo Mobile Founder, Three Companies with Massive Fraud and Obtains Emergency ReliefPastor Charged With Cryptocurrency Fraud Said God Told Him to Do It - The New York TimesAccounting investigation under way at ADM and its top financial executive has been placed on leave | AP NewsHere&#39;s what to do if you can’t find an accountant for tax seasonFormer IRS Contractor Sentenced for Disclosing Tax Return Information to News Organizations | United States Department of JusticeTurboTax Can No Longer Advertise Products as Free, F.T.C. SaysH&amp;R Block launches AI tax filing assistant - The VergeTurboTax bolsters support options, both human and AIBrex cuts 20% of staff amid reports of stalled growth, high burn | TechCrunchBring virtual connections to life with Microsoft Mesh, now generally available in Microsoft TeamsInvestors see Microsoft&#39;s stock market value leaving Apple behindInput steers CPA licensure pathways recommendation - Iowa Society of CPAsListener SurveyPlease take our listener survey: https://accounting.show/surveyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listen

What to Do if You Can't Find an Accountant for Tax Season

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/EarmarkMediaKitChapters(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 NotesComing soon!Listener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsREFRAME WORKSHOP - https://www.reframe2024.com/Royalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/ClassifiedsWant 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

Listener Mail: Finding Balance with Tech & CPA Pipeline Problem

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&#39;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/clienthubChapters(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&#39;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&#39;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 NotesKPMG 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&amp;R Block over marketing claims it says are false, misleadingThe role of auditors in the Post Office scandal: A need for greater accountability?  Framework email customers for data breach from accounting partner getting phishedFujitsu shares drop nearly 4% as its Europe chief says compensating Post Office victims is a &#39;moral obligation&#39;        Report: 25

How To Take The Pain Out Of Busy Season

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 PiscopoLinkedIn: https://www.linkedin.com/in/dopiscopo/Learn more about Big4Transparency.comWebsite: https://www.big4transparency.com/Need 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: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant 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/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Pay Transparency Website Levels Playing Field for Accountants

Blake and David mull over the Arizona CPA Society&#39;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&#39;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/clienthubChapters(00:29) - Blake goes over the Arizona Society of CPA&#39;s survey results

(06:06) - Do 150-hour employees do better work?

(09:35) - Are firms facing an accounting shortage?

(14:42) - Did you know Nikki Haley was an accountant?

(16:28) - Deloitte audit failure in Nigeria

(29:35) - Certified Pastry Aficionado

(31:37) - Tsunami miracle baby, now 19, pursuing an accounting degree

(34:30) - Fujitsu, Horizon, and the disgusting postal worker prosecution failure by the UK government

(48:41) - Blake checks in on the live chat

(53:19) - Going Concern: Wyoming firm faces staffing shortage in critical government audits

(56:49) - Download Earmark. Earn free CPE for listening
 Show NotesArizona CPA Society releases 150-hour survey resultshttps://www.ascpa.com/news/ddf50a1e-70cc-4d5b-9e00-cc9c5f82c17e:az-cpa-januaryfebruary-2024How Deloitte missed a massive Nigerian company fraudhttps://www.forbes.com/sites/brandonkochkodin/2024/01/10/how-auditor-deloitte-missed-a-nigerian-companys-massive-fraud/?sh=49b6cce059f4Tsunami miracle baby now majoring in accountinghttps://www.nst.com.my/news/nation/2023/12/994163/tsunami-miracle-baby-now-19-pursues-accounting-degree-nsttvOnly two firms in Wyoming can do government audits, and one can’t do its jobhttps://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 resolu

Survey Says 80% of CPAs Support Alternatives to 150 Hours

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, RightworksLinkedIn: https://www.linkedin.com/in/tj-lewis/Aaron Van Ruler, Innovation Strategist, RightworksLinkedIn: https://www.linkedin.com/in/avanruler/Learn more about Rightworkshttps://ai.rightworks.com/Need 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: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant 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/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

AI for Accountants - Exploring Rightworks Spark

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/bookkeepChapters(00:00) - How Much Tax Preparers Charge

(01:24) - Blake applied to be the new NASBA President and CEO

(09:02) - David&#39;s customer experience at a Publix&#39;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&#39;t shy away from &quot;free&quot; claim

(01:06:17) - Listener email on reciprocity 

(01:18:45) - Wrap up and where to reach us
 Show NotesIntuit TurboTax&#39;s 2024 &quot;Make Your Moves Count&quot; 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 &quot;Free Connoisseur&quot; (Official TV Ad :30) NATP 2023 Tax Professional Fee StudyNeed 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&#39;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: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsRoyalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/LiveFlow Event - https://www.liveflow.io/events/greg-kyte-eventREFRAME WORKSHOP - https://www.reframe2024.com/

How Much Tax Preparers Charge

In this 2023 wrap-up, Blake and David discuss an appeals court ruling that audit reports are so generic they are essentially useless to investors. They also explore the concept of &quot;productivity theater&quot; where employees pretend to be constantly working, even though it leads to disengagement and burnout. Continuing the theme, they contemplate why mandatory weekend work persists and share ideas on how firms can improve work-life balance. Rounding out the discussion, they offer up some career advice to accounting students on finding fulfilling roles and avoiding common traps such as extreme overwork. Sponsors LiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoEarmark - https://earmarkcpe.promo/EarmarkMediaKitChapters(00:21) - David will get an Earmark tattoo at 100,000 subscribers

(04:19) - Slack survey reveals forced overtime reduces productivity

(07:43) - Remote workers&#39; surveillance 

(10:23) - Mandatory Saturdays going away

(16:18) - What is keeping firms up at night?

(21:45) - What percentage of firms are filing tax extensions for their clients

(23:53) - A junior accounting student asks for some advice

(29:55) - Appeals court rules audit report is immaterial

(35:05) - SPACs accounted for at least 21 bankruptcies and $46 billion lost in 2023

(39:57) - The importance of finding and making your own work/life balance 

(48:49) - Back to advice for younger accountants entering the profession

(57:48) - An accountant has a breakdown at the airport

(59:50) - Thanks for listening and remember to subscribe 
 Show NotesTurning staff into workaholics makes them way less productive | FortuneBurned Investors Ask ‘Where Were the Auditors?’ A Court Says ‘Who Cares?’ - WSJAccounting in 2024: The year ahead in numbersFull PDF of study is here: https://www.accountingtoday.com/research-report/optimism-abounds-but-people-problems-persistSPAC companies accounted for at least 21 bankruptcies this year and a staggering $46 billion in lost investor value | FortuneNeed 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&#39;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/Spotif

Turning Staff Into Workaholics Makes Them Way Less Productive

Just in time for the holidays, Blake and David examine the accounting professor from NYU who charged Trump nearly $900,000 for expert testimony. They also tackle issues around accountant retention and turnover, tax updates, the financial operations of Hamas, as well as Hunter Biden&#39;s indictment on tax charges, and tips for using spreadsheets in filmmaking and other creative projects. All this and more to keep you entertained while you wrap those last-minute gifts!Sponsors LiveFlow - http://accountingpodcast.promo/liveflowEarmark - https://earmarkcpe.promo/EarmarkMediaKit Keeper - https://cloudaccountingpodcast.promo/keeperChapters(00:38) - Who knew being an expert witness paid so well

(06:49) - Former Wall Street accountant leaves profession to become an escort and exotic dancer

(09:43) - Illinois retention survey

(17:27) - Has AI job replacement theory reached mainstream?

(18:37) - Why employees resign

(21:02) - Accounting rules and the supply of accountants

(25:00) - FASB announces new rules for cryptocurrencies

(26:14) - IRS expanding their modernization efforts for technology

(27:55) - FinCEN updates a new service opportunity for accountants

(34:27) - Former Jaguars employee accused of stealing over $22 million

(39:30) - Nikola founder sentenced to prison for fraud

(43:17) - 64% of employees waste time due to lack of deadlines

(45:27) - EY laying off US partners

(48:35) - EY names Janet Truncale first female global CEO of big 4 firm

(49:27) - The IRS plans reorg at the highest leadership levels

(50:09) - Israel and the US knew of Hamas bank account

(54:07) - Hunter Biden&#39;s indictment

(58:29) - All Sorts director demonstrates how he uses spreadsheets

(01:02:14) - Wrap up and where to reach us
 Show NotesTrump PAC paid for expert witness testimony in NY civil fraud trialhttps://www.nbcnews.com/politics/donald-trump/trump-pac-paid-expert-witness-testimony-ny-civil-fraud-trial-rcna128804 EY Is Laying Off U.S. Partners Amid Tough Economic Conditions – WSJhttps://www.wsj.com/articles/ey-is-laying-off-u-s-partners-amid-tough-economic-conditions-9efc4aa6 Accounting Rules and the Supply of Accountants by Anthony Le :: SSRNhttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=4666335 Righting Retention - Insight Special Featurehttps://www.icpas.org/information/professional-issues/talent-retention Stripper and escort rakes in $34k per week catering to Wall Streethttps://nypost.com/2023/12/18/business/stripper-and-escort-rakes-in-34k-per-week-catering-to-wall-street/ FinCEN ramps up guidance as beneficial ownership requirements looms | Accounting Todayhttps://www.accountingtoday.com/opinion/fincen-ramps-up-guidance-as-beneficial-ownership-requirements-fast-approach Trevor Milton Gets Four Years in Prison for Deceptions on Zero-Emission Truckshttps://www.wsj.com/us-news/law/trevor-milton-lied-about-nikolas-zero-emission-trucks-is-that-worth-a-decade-in-prison-ae35ce40 64% of Employees Waste Hours Due to Lack of D

Accounting Professor Bills Trump $900,000 for Expert Testimony

Keila Hill-Trawick joins Blake and David to discuss her philosophy on intentionally building a firm to the &quot;right&quot; size, rather than pursuing endless revenue growth. She also explains how her firm narrowed its service offerings to focus on core recurring services like tax planning and fractional CFO work. Blake and David examine research on how much money Americans think they need annually to be happy, with millennials citing much higher targets. They also talk about an accounting reference in the new Trolls movie and the need for more diverse and positive CPA portrayals in media.Sponsors LiveFlow - http://accountingpodcast.promo/liveflowEarmark - https://earmarkcpe.promo/EarmarkMediaKit Keeper - https://cloudaccountingpodcast.promo/keeperChapters(00:31) - Keila Hill-Trawick joins the show

(07:38) - How did you decide to cut back on services your firm offered?

(09:50) - What core services do you offer?

(12:10) - Do you help clients set up the services you don&#39;t offer?

(13:30) - What does your current team look like and how did you build it?

(17:10) - What are you charging clients?

(20:39) - How many clients does each employee handle and will that change with technology?

(23:25) - What&#39;s the ultimate goal?

(28:32) - Berkshire Hathaway lawsuit

(38:58) - SmileDirectClub declares bankruptcy

(45:44) - Thoughts on accountants doing IT audits

(51:10) - How much money do Americans need to be happy?

(01:04:31) - Accounting reference in the newest Trolls movie

(01:07:38) - Wrap up and how to reach Keila
 Show NotesWhat’s Behind Warren Buffett’s Fight With a Truck-Stop Mogul – WSJhttps://www.wsj.com/business/warren-buffett-berkshire-hathaway-jimmy-haslam-pilot-lawsuit-70ef0413Trolls movie CPAhttps://www.linkedin.com/posts/jacob-g-5819b780_went-to-see-the-new-trolls-movie-with-my-activity-7134882587042320384-RC32Warren Buffett&#39;s Berkshire Hathaway sued by Haslam family over Pilot truckstop chain takeoverhttps://cdllife.com/2023/haslam-family-sues-pilot-majority-owner-berkshire-hathaway-over-accounting-practices/Bankrupt SmileDirectClub shuts down, says its ‘Lifetime Smile Guarantee’ is canceled - but Smile Pay users are expected to keep paying https://fortune.com/2023/12/11/bankrupt-smiledirectclub-shutting-down/Meet our Guest, Keila Hill-TrawickWebsite: http://www.littlefishaccounting.com/LinkedIn: https://www.linkedin.com/in/keilahilltrawickTwitter: https://twitter.com/littlefishcpaInstagram: https://www.instagram.com/littlefishaccounting/Need 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&#39;ll play it on the show. DIAL

Building a Firm to the Right Size with Keila Hill-Trawick, CPA

Lexy Kessler, National Pipeline Advisory Group (NPAG) chair and Sue Coffey, Chief Executive Officer – Public Accounting with AICPA join us for a special bonus episode to address the accounting talent crisis and talk about how we can improve the CPA pipeline. Along with these issues, they also emphasize the importance of working together as a profession, being data-driven in their approach, and looking at the broader ecosystem of accounting, with updates and more comprehensive strategies expected to be detailed in the NPAG draft national strategy plan in May 2024.Meet Our GuestsLexy Kessler, Chair - National Pipeline Advisory Group (NPAG)Website: https://www.accountingpipeline.org/LinkedIn: https://www.linkedin.com/in/lexykessleraprio/Susan S. Coffey, CPA, CGMA - CEO – Public Accounting at the Association of International Certified Professional AccountantsWebsite: https://www.aicpa-cima.com/resources/article/susan-s-coffey-cpa-cgmaLearn more about the National Pipeline Advisory Group (NPAG)https://www.accountingpipeline.org/Need 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: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant 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/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Solving the CPA Pipeline Problem: An Interview with AICPA's National Pipeline Advisory Group

Blake and David discuss Intuit&#39;s announcement that QuickBooks Desktop will no longer be sold as new subscriptions after July 2024. They also talk about the need for changes in the accounting profession, such as simplifying financial reporting requirements and revising the 150-hour rule. In other news, they cover sanctions against China-based accounting firms, incorrect IRC claims by businesses, and the Adidas-Kanye West fallout. They also explore how AI can help explain complex concepts to clients clearly and accurately.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Relay - https://cloudaccountingpodcast.promo/relay Keeper - https://cloudaccountingpodcast.promo/keeperChapters(01:13) - Accounting has been in the news a lot recently

(04:03) - QuickBooks Desktop is dead

(11:32) - Blake&#39;s thoughts from The Digital CPA Conference

(16:24) - CPA Journal - eliminate the 150-hour rule

(18:32) - The Accountant 2 film confirmed

(21:11) - Blake went to Kentucky

(22:46) - The PCAOB sanctioned 3 China-based firms 

(25:40) - The IRS sends 20,000 letters regarding ERC claims

(30:09) - Kanye West and Adidas fallout 

(38:48) - Earmark updates and the IRS releasing taxpayer business accounts

(40:55) - CFO.com: 61% of finance executives are not using AI

(45:01) - Can AI trim years off of the partner path?

(46:32) - The traditional CPA firm structure

(50:17) - Blake asks AI to explain basis to a non-accountant

(56:34) - AccountingWeb tricks to help detect AI-written articles  

(59:16) - Wrap up and how to reach us
 Show NotesTwitter: Any good plain-English way to explain basis? https://x.com/wtfoote/status/1725193933410668755?s=12 61% of Finance Execs Not Using AI Yet: Weekly Stat | CFOhttps://www.cfo.com/news/artificial-intelligence-implementation-adoption-gartner-survey/699082/ The Yeezy standard for accounting | Financial Timeshttps://www.ft.com/content/8b094370-f7e7-492b-b56d-6c0096be7784BST &amp; Co. Got Sick of Hounding Rudy Giuliani to Pay His Bill So Now They’re Suing Him          https://www.goingconcern.com/bst-co-got-sick-of-hounding-rudy-giuliani-to-pay-his-bill-so-now-theyre-suing-him/ PCAOB sanctions three Chinese firms, including PwC affiliateshttps://www.accountingtoday.com/news/pcaob-sanctions-three-chinese-firms-including-pwc-affiliates The Accounting Profession Is in Crisis    https://www.cpajournal.com/2023/12/01/the-accounting-profession-is-in-crisis/ BREAKING NEWS: QuickBooks Desktop Product Changeshttps://insightfulaccountant.com/accounting-tech/general-ledger/breaking-news-quickbooks-desktop-product-changes/ What Can the Profession Do?       https://www.cpajournal.com/2023/12/04/what-can-the-profession-do/ Supreme Court could make massive tax impact — or none at allhttps://www.accountingtoday.com/news/supreme-court-to-hear-arguments-in-moore-v-u-s Billionaire Tax Rests on a Disputed $14,729 Refund at the Supreme Courthttps://www.cpapracticeadvisor.com/2023/12/04/billion

QuickBooks Desktop Is Dead. Long Live Online!

Blake and David discuss updates from the AICPA&#39;s Talent Pipeline Committee, including surprises about the high dropout rate of accounting majors in college. They also explore new custom AI capabilities in ChatGPT that allow users to create specialist bots and speculate on applications for accounting firms. They also cover lawsuits alleging Hollywood accounting tricks used by Disney to deprive financial partners of profits. Grab some snacks and enjoy!Sponsors LiveFlow - http://accountingpodcast.promo/liveflowEarmark - https://earmarkcpe.promo/EarmarkMediaKit Keeper - https://cloudaccountingpodcast.promo/keeperChapters(01:34) - NASBA is hiring a new COO

(05:33) - What we&#39;ll cover on this week&#39;s show

(07:19) - AICPA talks about the pipline issues on Accounting Today&#39;s podcast

(13:34) - Blake checks in on the live chat

(22:15) - Two vastly different articles on CPAjournal.com about how to solve the accountant shortage

(31:06) - Making the CPA more accessible

(42:12) - Blake demonstrates OpenAI&#39;s new custom GPT maker

(54:39) - Disney sued for &quot;Hollywood Accounting&quot; methods

(01:01:14) - Thanks for listening and how to reach us

 Show NotesNASBA Begins Search for New President and CEO | NASBAhttps://nasba.org/blog/2023/11/28/nasba-begins-search-for-new-president-and-ceo/ Rethinking the 150-Hour Requirement for CPA Licensure - The CPA Journalhttps://www.cpajournal.com/2023/11/27/rethinking-the-150-hour-requirement-for-cpa-licensure/ The Accounting Pipeline - The CPA Journalhttps://www.cpajournal.com/2023/11/22/the-accounting-pipeline/ Disney sued over accounting by film financiershttps://www.cfobrew.com/stories/2023/08/29/disney-sued-by-film-financiersA pipeline progress report            https://www.accountingtoday.com/podcast/a-progress-report-on-accountings-pipeline-problem Rethinking the 150-Hour Requirement for CPA Licensurehttps://www.cpajournal.com/2023/11/27/rethinking-the-150-hour-requirement-for-cpa-licensure/ Accounting Education Disrupted https://www.cpajournal.com/2023/11/21/accounting-education-disrupted/ KPMG, Deloitte Ask Staff to Use Burner Phones for HK Visits: FThttps://news.bloombergtax.com/financial-accounting/kpmg-deloitte-ask-staff-to-use-burner-phones-for-hk-visits-ft Deloitte and KPMG encourage use of burner phones in Hong Konghttps://uk.finance.yahoo.com/news/deloitte-kpmg-encourage-burner-phones-101802848.html NASBA starts search for CEO successor    https://www.accountingtoday.com/news/nasba-starts-search-for-ceo-successorNeed 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&#39;ll

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