The best job in America... is for accountants!

Sep 29, 2019

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Show Notes

01:44 – Another five-star review!
02:52 – Some familiar faces made CPA Practice Advisor's 2019 40 Under 40 list | CPA Practice Advisor
04:10 – AICPA held a not-so-time-zone-inclusive webinar on diversity and inclusion | Accounting Today
04:59 – David's Home Away from Podcast, AutoEntry, just got acquired by Sage! | Sage
07:18 – Better late than never - Blake finally files is taxes!
10:15 – Fyre Festival - Accounting Version | Financial Post
11:17 – Testing, testing … Is this thing on? CPA Canada failed to test its test-taking software before unleashing it on test-takers | Going Concern
14:45 – Wanna play with numbers AND carry a gun? | Journal of Accountancy
14:56 – AICPA has released new standards for forensic accountants | AICPA
15:21 – Tipalti raises $76 million in a recent D funding round | CPA Practice Advisor
15:46 – Fundbox packs a bigger punch now with $176 million in Series-C funding |
17:23 – Speaking of Intuit, QuickBooks Online is now offering mileage tracking, and if adding some other performance-enhancing elements in its September round of updates | QuickBooks
19:31 – Not-so-thrifty glitch in TurboTax results in a $216 million tax bill for one probably very unsuspecting thrift-store employee | Forbes
21:53 – Out with the V, in with the X ... Microsoft ushers in a newer, shinier function for Excel | Microsoft
24:35 – Wells Fargo and Plaid's new data-sharing agreement gives customers even more data control | Bank Innovation
26:00 – BBVA wants to be a lover, not a fighter, using its Open Platform, and further innovation to help fintech startups | Bank Innovation
28:45 – Sharing the love, fintechs are pairing up with smaller banks to overcome the no-charter hurdle | L.A. Times
31:54 – It’s a numbers game – accounting-related positions are the best jobs to have in America! | MarketWatch
35:57 - A position that allows you to learn and move upward leads to the highest amount of job satisfaction
37:57 – Tech is top priority … Really, it is! | Deloitte Controllership Digest
40:11 -- Make sure you come back next week for more important survey results, like the third-quarter AICPA Economic Outlook Survey!
40:36 – The moment you've been waiting for! More news and insight on the MyPayroll fiasco!
41:32 – Meet two of the frontline reporters in the MyPayrollHR situation - Chelsea Diana, and Michael Williams
47:44 – It's important to note that there is no indication that the employees of MyPayrollHR knew what was going on.
49:16 – It's still not clear where all that money went, or if parties, like Cachet, who eventually covered the missing payroll, will be reimbursed
49:40 – Just how big of a tangled web did Michael Mann weave?
50:22 – At least three banks claim a combined loss of $36 million due to fraud, but did not name Mann, or MyPayrollHR in their disclosures
50:58 – This Michael actually laid eyes on that elusive Michael, and can confirm he is human, sort of ...
51:40 – The Big Chill - Mann's check-kiting antics resulted in frozen accounts at both Bank of America, and Pioneer Bank
52:55 – Mann, and MyPayrollHR's parent company, Valuewise, had their hands in a variety of business, ranging from staffing to healthcare, and beyond
57:22 – Though Mann has admitted to $70 million worth of fraud, it's up in the air what will happen next
59:27 – No matter Mann's motive for committing this fraud, the key takeaway for accountants and bookkeepers recommending payroll services to clients is to know exactly who you're dealing with!

Connect with Our Guests!
Michael Williams

Website: https://www.timesunion.com/author/michael-williams/
Twitter: https://twitter.com/michaeldamianw?lang=en

Chelsea Diana

Website: https://www.bizjournals.com/albany/bio/25841/Chelsea+Diana
LinkedIn: https://www.linkedin.com/in/chelsea-diana/
Twitter: https://twitter.com/AlbBizChelsea

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

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