Earmark Podcast | Earn Free Accounting CPE

Experienced auditor Alan Anderson and finance expert Blake Oliver discuss the future of assurance in auditing. They address challenges like commoditization, the need for innovation, and the importance of providing value-added assurance. The podcast explores embracing technology, redefining audit processes, understanding business through audits, and revitalizing auditing to make it more appealing and relevant in today's evolving landscape.

Do you have clients living or working abroad who could save big on their taxes? In this episode, expat tax specialist Vincenzo Villamena outlines creative strategies US citizens overseas can use to legally reduce their tax burden. Learn how your expat clients can exclude $120,000 in foreign earned income, set up offshore corporate structures to cut their tax rate in half, eliminate 15% self-employment tax, and more.SponsorShareFile - https://earmarkcpe.promo/sharefileChapters(00:50) - Welcome Vincenzo to the Show (01:50) - Exploring Expat Taxation with Vincenzo Villamena (03:27) - Vincenzo's Journey from Corporate America to Entrepreneurship Outside of the US (09:53) - The Remote Work Revolution and Its Impact (12:36) - Navigating the Complex World of Expat Taxes (13:00) - Where are Most of Your Clients? (15:05) - Strategies for Expats to Optimize Taxes (24:10) - Understanding Corporate Structures and Tax Deferral (24:20) - The Good, the Bad, and the Planning of Tax Strategies (28:18) - What Work Do We Have to Do to Get These Benefits? (30:23) - Comprehensive Service Offerings: From Setup to Compliance (31:57) - How Do You Charge For Your Services? (33:12) - The Exponential Savings of Offshore Structuring (35:36) - Exploring the Vibrant Culture of Carnival in Brazil (37:22) - Building a Strong Remote Team Culture (41:57) - Leveraging Technology for Remote Collaboration (45:04) - A Day in the Life of an Expat Entrepreneur (50:38) - The Transformative Experience of Living Abroad (53:23) - Wrapping Up: Insights from an Expat Tax Expert Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comDownload the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our Guest, Vincenzo VillamenaWebsite: https://onlinetaxman.com/Website: https://globalexpatadvisors.com/LinkedIn: https://www.linkedin.com/company/online-taxman/Twitter: Guest TwitterFacebook: https://www.facebook.com/OnlineTaxman?mibextid=LQQJ4dInstagram: https://instagram.com/onlinetaxman?igshid=OGQ5ZDc2ODk2ZA%3D%3D&utm_source=qrConnect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/

Explore the world of entertainment finance with a CPA's journey into Hollywood accounting, discussing complex profit participation, Netflix content accounting, and the evolution of crypto assets in accounting standards. Discover the vital role of accountants in the creative industry and the potential integration of CPA abilities into AI applications.

Recounting the history of QuickBooks Desktop vs Online, predicting Desktop's demise, AI's role in shaping the future, controversy over Live Bookkeeping, impact on accounting professionals, Intuit's shift to assisted services, and the future of AI and automation in accounting

Rob Valdez discusses how AI and chatbots can transform audit tasks, improve staff training, save time on testing, and enhance work quality. Challenges include security fears and resistance to change. Future AI implications on audit staff roles and data management efficiency are explored.

Phong Ngo and Charley Howe from MakersHub discuss their accounts payable automation software that helps businesses capture detailed invoice data. They emphasize solving the accounts payable pain point, the power of their proprietary technology, and the limitations of existing solutions. They share their journey from engineering and banking to startups, the evolution of MakersHub, and the value it creates for accounting firms. They also highlight the benefits of partnerships and efficiency in accounting. Sign up to earn free CPE credits for listening!

Former chief accounting officer at GrubHub and current CAO at Ethos Life, Brandt Kucharski, shares his journey from public accounting to leading startups through IPOs. Topics include scaling accounting teams, nonprofit work, thoughts on increasing accounting talent, challenges of merging and going public, and the convenience and innovation of Ethos.

Explore the potential of AI in automating accounting tasks, including document analysis and tax research. Learn about leading AI chatbots like ChatGPT, Claude, and BARD. Discover how AI can improve communication in accounting and draft policies and procedures. Understand the benefits of using AI for client questions and voicemail transcripts. Get insights into the Haslam family's lawsuit and pushdown accounting. Find out how AI can be used as a research tool and for drafting replies. Learn about creating a traveling expense policy and the use of AI transcription tools for continuing education.

Hitendra R. Patil joins Blake for an insightful conversation about the staffing shortage in the accounting profession, identifying overwork and lack of work-life balance as key issues causing high burnout rates. They explore potential solutions like dropping the billable hour model, measuring impact rather than hours worked, outsourcing certain tasks, and focusing on specific value-added services. Patil also describes how his company helps accounting firms efficiently leverage offshore talent.SponsorShareFile - https://earmarkcpe.promo/sharefileChapters(00:47) - Hitendra Patil joins the show (03:24) - Let's talk about CAS (04:43) - What do you see firms call their communication with clients? (12:19) - National Association of Tax Professionals 2023 study (13:27) - CAS is vague and firms need to figure out what they want to offer from it (14:17) - What is causing the accounting shortage? (20:35) - How big of problems are the overwork and pay? (25:01) - More and more firms are offshoring work (29:34) - How long is offshoring a viable option? (32:52) - What are the accounting student numbers in India? (35:03) - Korn Ferry study on future shortages of working professionals (40:13) - What is the real underlying cause of the talent shortage (41:52) - Hourly timesheets and billing (44:01) - How can accountants measure impact on clients? (51:13) - Datamatics Business Solutions Inc. (58:07) - Thanks for listening and remember to earn your free CPE on Earmark Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comDownload the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our Guest, Hitendra R. PatilLinkedIn: https://www.linkedin.com/in/hitendrapatil/Twitter: https://twitter.com/HitendraRPatilFacebook: https://www.facebook.com/HitendraRPatil/Instagram: https://www.instagram.com/accountaneur/Learn more about Datamatics Business Solutions, Inc. (DBSI) Website: https://datamaticscpa.com/accounting-bookkeeping-outsourcing-for-usa-cpas/Connect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/

Blake is joined by two "Young" CPAs, Hannah Hood, and Joey Kinney, both virtual CFOs with Summit Virtual CFO by Anders. Among the topics of discussion are challenges for young accountants including low starting salaries, lack of flexibility and career path at traditional firms, the value of remote work, and the need for more women leaders and work-life balance in the accounting industry. Hannah and Joey also promote changing the accounting profession to be more adaptable and inclusive.SponsorShareFile - https://earmarkcpe.promo/sharefileChapters(00:49) - Welcome Hannah and Joey to the show (04:47) - Where are Hannah and Joey located? (07:12) - Hannah, what is it like being a virtual CFO? (09:16) - What kind of clients do you work with? (10:04) - Joey what is different about your job and clients? (13:30) - How did you learn to do forecasting (16:05) - Are accountants leaving the profession because of boredom? (19:49) - Joey can you tell us about how you set your own schedule with hours (22:14) - How is your pay determined? (29:46) - Summit allows you to work fully remote (33:43) - What do you think holds back most firms from making these types of shifts? (41:15) - How do we get higher starting salaries in accounting? (42:16) - How Hannah and Joey each got their 30 extra semester hours for CPA licensure (49:10) - Is the old promise of the accounting dream gone? (55:54) - What's one thing you would change about the accounting profession if you could change anything? (01:01:28) - Wrap up and how to listen to The Young CPA Success Show Sign up to get free CPE for listening to this podcasthttps://earmarkcpe.comDownload the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our GuestsHannah HoodLinkedIn: https://www.linkedin.com/in/hannah-hood-7a4740b2Joey KinneyLinkedIn: https://www.linkedin.com/in/joey-kinney-cpa-60658188/Learn more about Summit Virtual CFO by AndersWebsite: https://www.summitcpa.netConnect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/