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.
Sponsors
LiveFlow - http://accountingpodcast.promo/liveflow
Zoho - http://accountingpodcast.promo/zoho
Client 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
- (36:03) - 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 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 Survey
Please take our listener survey: https://accounting.show/survey
Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com
Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch
Subscribe
Classifieds
REFRAME WORKSHOP - https://www.reframe2024.com/
Royalwise - https://royalwise.com/partner
Forwardly - https://www.forwardly.com/
The CAS Cache -
