The Accounting Podcast Big Accounting Firms Are Doomed
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Show Notes
02:33 – David’s QBO Troll
https://twitter.com/davidleary/status/1499514128435531800
08:26 – Are the big firms falling apart?
09:59 – The Big Firm Biz Model
13:03 – Is this model sustainable?
14:29 – Why Blake moved to tech
17:06 – Remote work changed everything
18:21 – Can accounting jobs be more meaningful?
20:27 – Accounting standards haven’t changed in 100 years
22:52 – Companies and investors don't care about the financial numbers like they used to. The metrics are changing.
26:39 – People want a meaningful job
28:45 – Lifestyle spending accounts - what are they?
31:45 – Schools aren't teaching accounting students about other opportunities
35:18 – ‘I spent 5 hours on the phone’: Woman exposes TurboTax for taking thousands of her tax return in viral TikTok
https://www.dailydot.com/debug/tiktok-tax-return-turbotax/
36:38 – TPG refund
https://ttlc.intuit.com/community/after-you-file/discussion/tpg-refund/00/2511328
39:56 – DIY vs. tax pro: How taxpayers choose
41:53 – Working with tax organizers needs to be easier - bad customer experience
44:11 – Companies need to raise their prices and focus on customer experience instead of speed
46:29 – AICPA & CIMA stand with the people of Ukraine
https://www.fm-magazine.com/news/2022/mar/aicpa-cima-ukraine-statement.html
49:11 – Ex-Big 4 Partner On Why the Big 4 Firms Should Pull Out of Russia: 'It's the Right Thing to Do and You Know It'
https://www.goingconcern.com/ex-big-4-partner-why-big-4-firms-should-leave-russia/
50:31 – Visa and Mastercard Suspend Russian Operations
51:05 – Spoils of War? Ukraine Says No Taxes Due on Captured Russian Tanks
52:51 – KPMG set to drop some clients over Russian sanctions
https://www.accountingtoday.com/articles/kpmg-set-to-drop-some-clients-over-russian-sanctions
53:05 – Grant Thornton Drops Its Russian Affiliate Over Conflict In Ukraine
https://www.goingconcern.com/grant-thornton-drops-its-russian-affiliate-over-conflict-in-ukraine/
Big 4 Firms Condemn Russia's Invasion of Ukraine, But Will They Sever Relationships With Any Russian Clients? (UPDATE)
54:09 – Voicemail from Jack Thiel – Talking startups, etc. in accounting
57:06 – Voicemail from Joe Cangelosi – Leaving accounting
01:02:05 – Jacob I. Oberlander, CPA on Twitter: "@BlakeTOliver We're not charging by the hour and not billing by the hour. But we're still tracking time.
https://twitter.com/JacobOberlander/status/1498320967331983361
01:04:01 - Technology has changed the way time is measurable for work success
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