The Accounting Podcast

Learn more about Geni and what she’s up to at evenanerd.com and mentorplus.com (an organization that teaches accountants how to be better consultants to their clients).  Subscribe: Listen on iTunesListen on Google Play

Stories in this episodeGAO: U2F Security Keys Could Protect Taxpayers — Tom's HardwareGusto raises $140 million to go after small business payroll and benefits with more gusto — TechCrunchXero acquires Hubdoc — Accounting TodayStampli raises $6.7M in Series A funding to streamline invoice management — TechCrunchBalancing “We” and “Me”: The Best Collaborative Spaces Also Support Solitude — Harvard Business ReviewSubscribe: Listen on iTunesListen on Google Play

Stories in this episode:NetSuite Outage Idles Finance Departments — CFOGoogle: Security Keys Neutralized Employee Phishing — Krebs on SecurityHuman Resources Firm ComplyRight Breached — Krebs on SecuritySubscribe: Listen on iTunesListen on Google Play

Subscribe: Listen on iTunesListen on Google Play

Stories in this episode:What is the cloud? Inside a secret Microsoft site that’s securing your data — TodayAccounting software biz Intuit flogging bit barn to throw its lot in with AWS — The RegisterBringing full-service payroll to customers in all 50 states — Xero BlogCertify acquires Abacus — Accounting TodaySubscribe: Listen on iTunesListen on Google Play

Stories in this episode:Hey Mid-Market, Xero and Intuit are coming! — Digital FirstSubscribe: Listen on iTunesListen on Google Play

Stories in this episode:Hey Mid-Market, Xero and Intuit are coming! - Digital FirstLabor Costs Will Skyrocket Over the Next Decade - CFO.comGlobal Business Payment Is Becoming Much Easier - Bill.comSubscribe: Listen on iTunesListen on Google Play

Stories in this episode:Here's How The New Postcard-Sized 1040 Differs From Your Current Tax ReturnThe New Tax Form Is Postcard-Size, but More Complicated Than EverCalifornia Unanimously Passes Historic Privacy BillCalifornia Passes Groundbreaking Consumer Data Privacy Law With Fines for ViolationsAnalysis: The California Consumer Privacy Act of 2018Subscribe: Listen on iTunesListen on Google Play

Questions asked in this episode: Does the decision affect sales of services online across state borders in addition to goods?Are there any strategies businesses can use to avoid sales or quantity thresholds for collecting sales tax?Will we see an increase in states taxing services? What process or technology should we look at for tracking sales by jurisdiction?Is it even worth it to comply?Will Amazon help out Amazon Marketplace sellers by doing more to track and collect sales tax?Are there any benefits to this decision for businesses?Stories in this episode:South Dakota v. Wayfair, Inc. — Wikipedia — Check out the Wikipedia article on the SCOTUS decision for an overview of the case or to catch up on the news.Overstock.com Expanding Physical, Digital Presence Following U.S. Supreme Court Ruling — Overstock.com — Overstock.com issued a press release stating that the company plans to expand "its physical and digital operations, including supply chain, marketing, and recruiting, into states in which tax nexus concerns previously prevented the company from having a direct presence."Subscribe:Listen on iTunes/Apple PodcastsListen on Google Play

Stories in this episode:Last week’s IPO, Avalara, is today’s big winner in internet tax rally — Accounting Today — Shares in the sales tax management firm rose as much as 32 percent after Wednesday’s ruling, extending gains to more than double since its public debut last week. Supreme Court rules that internet businesses must collect all state and local sales taxes — Los Angeles Times — Check out this article for a chart showing states that will benefit most from the Supreme Court decision, including California, Texas, New York, and FloridaWhy Amazon is the winner of the Supreme Court sales tax ruling — CNBC — The Supreme Court overturned a ruling from 1992 that allowed online retailers to skirt sales tax collection responsibilities if they didn't have a physical presence in the state. But Amazon stands to benefit from the ruling, experts say. Amazon already collects sales tax on the products it sells directly, and the ruling doesn't make clear how third-party sales should be taxed.Steve Forbes: Internet sales tax would be fatal for small businesses — Fox News — Steve Forbes argued before the ruling that extending sales tax collection requirements to out of state, online retailers will have a dramatic, ugly impact on small businesses and entrepreneurs.The Land Of Duty Free — Planet Money — The Planet Money team follows the surprising origin of duty free stores, and try to answer the question: Are they really saving you any money?A machine has figured out Rubik’s Cube all by itself — MIT Technology Review — Unlike chess moves, changes to a Rubik’s Cube are hard to evaluate, which is why deep-learning machines haven’t been able to solve the puzzle on their own. Until now.Subscribe:Listen on iTunes/Apple PodcastsListen on Google Play