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The Accounting Podcast

Latest episodes

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Feb 24, 2024 • 23min

Why Accountants Quit Public Accounting Firms

Exploring reasons why accountants quit public firms, including salary, burnout, and work-life balance. Discussing career transitions to public accounting, companies, and private equity. Addressing talent shortage, online perceptions, and career progression challenges. Highlighting solutions for improving retention rates through increased compensation and flexible benefits.
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Feb 21, 2024 • 57min

The Biggest Check You Can Write to The IRS

Blake and David break down the IRS's $99 million paper-check limit, how states use tax credits to attract movie productions (sometimes unsuccessfully) and give their take on actor Kenan Thompson losing $1.5 million to fraud as a child. They also cover couples arguing over finances, AI answering tax questions in California, accounting rules hiding commercial real estate loan losses on bank balance sheets, and the lack of action from accounting standards boards to change these rules.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Relay - http://accountingpodcast.promo/relayClient Hub - http://accountingpodcast.promo/clienthubChapters(00:40) - What's the largest check you can write to the IRS? (05:38) - Jeff Bezos could be saving $600 million from moving to Florida (14:44) - Why movie studios are throwing out projects for tax breaks (21:03) - Keenan Thompson's accountant stole $1.5 million from him (26:27) - How much of relationship problems are finance-related? (31:38) - California plans to use AI to help answer people's tax questions (35:51) - PwC UK boss says AI is why workers should be in the office (40:45) - Silicon Valley Bank collapse follow-up and why it could happen again (51:09) - Thanks for listening and check out the Unofficial Quickbooks Accountants Podcast  Show NotesWarner Bros.' Disgusting Accounting Trick May Find an Opponent in the U.S. GovernmentIRS Seeks More Than $1 Billion From SVB for TaxesIRS sues FDIC to get $1.45B in SVB back taxes       Mayweather’s $18 Million Check To The IRS Packs A Punch, But Is Under The $100 Million Weight LimitCalifornia plans to use AI to answer your tax questionsJeff Bezos will save over $600 million in taxes by moving to MiamiThe Indicator from Planet Money : NPR  Mayweather’s $18 Million Check To The IRS Packs A Punch,But Is Under The $100 Million Weight Limit Jeff Bezos reaps Florida tax benefit with $4B Amazonshare sale Young staff need to be in the office because of AI, saysPwC's UK boss | Accounting Today Money is the Biggest Relationship Hurdle for 1 in 4Couples, Survey Reveals - CPA Practice Advisor Kenan Thompson Reveals a Crooked Accountant Stole $1.5Million From Him During His Nickelodeon Days | Video When accountants attack: why Netflix is cancelling HalleBerry’s new sci-fi movie Ben Affleck Reportedly Filming The Accountant 2 This Year FASB Won’t Consider Changes in Securities AccountingAfter Bank Failures - WSJNew York Community Bank’s Commercial Real Estate LoanProblem May Be Isolated, Experts Say Banking Crisis Plays Out at America’s Smallest LendersListener SurveyPlease take our listener survey: https://accounting.show/surveyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast:...
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Feb 16, 2024 • 23min

From Carpet Cleaner to CPA: An Accounting Student's Journey

Chayton Farlee, an accounting student, shares his journey from cleaning carpets to pursuing CPA and CMA. They discuss the disconnect between accounting theory and real-world application, the importance of bookkeeping skills, and considerations between Big Four firms and smaller firms.
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Feb 15, 2024 • 1h 6min

Beware of E-Filing Your Tax Return

The podcast discusses the risks of e-filing taxes, deepfake video calls causing theft, AI accounting startups raising money, major accounting firms turning to private equity, the impact of 150-hour rule on diversity in the accounting profession, and Google's Gemini AI release.
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Feb 8, 2024 • 31min

Building a Bank for Accountants and Small Businesses

Yoseph West, an expert in banking solutions for accountants and small businesses, discusses Relay Financial's ambition to solve banking problems by becoming a bank. They cover topics such as the redesigned accountant partner program, best practices for incorporating technology into accounting practices, and the importance of understanding client pain points. They also highlight the success some firms have had with Relay, saving time and speaking the client's language. Additionally, they discuss the launch of a new receipt capture feature and the benefits of combining banking, bill pay, and expense management into one app.
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Feb 2, 2024 • 1h 8min

What to Do if You Can't Find an Accountant for Tax Season

Topics discussed in the podcast include difficulty finding accountants for tax season, strategies for finding a tax preparer, the use of AI for taxes, Brex's journey and Microsoft Mesh, questionable accounting practices and a cryptocurrency fraud, cryptocurrency losses and questionable actions by FTX, the influence of bonuses on acquisitions and the role of due diligence, CPA licensure and mobility challenges, and the real estate crisis in China.
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Jan 30, 2024 • 1h 7min

Listener Mail: Finding Balance with Tech & CPA Pipeline Problem

Topics explored in this podcast include working as a TurboTax preparer, barriers faced by career-changers entering public accounting, root causes behind accounting's heavy workloads, licensing rules and firm profitability shaping experiences, the norm of using bank statements for loans in Puerto Rico, creating a 'paralegal' type license in the accounting field, ways to mitigate busy season, and the importance of hiring experts and building client relationships.
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Jan 25, 2024 • 1h 1min

How To Take The Pain Out Of Busy Season

The podcast discusses the challenges of busy season and work-life balance for accountants. They also explore cryptocurrency investment risks, global economic impacts, and AI trends. Topics include AI-caused layoffs, SEC approval of crypto ETFs, self-driving vehicle safety, and a small town tax budget balanced with an accounting system implementation. The podcast covers various chapters including attracting lifelong customers, reducing late hours in accounting firms, subscription pricing in coffee shops, and the impact of moving money out of China's economy.
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Jan 23, 2024 • 24min

Pay Transparency Website Levels Playing Field for Accountants

Dominic Piscopo, Founder of Big4Transparency.com, discusses the value of using the platform for salary negotiation and highlights trends in accounting salaries. They also explore the impact of job hopping on earnings, the relationship between work environment and job satisfaction, and their consulting work on determining pay levels for firms.
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Jan 19, 2024 • 1h 4min

Survey Says 80% of CPAs Support Alternatives to 150 Hours

Blake and David discuss the Arizona CPA Society's survey on alternatives to the 150-hour rule, the UK Post Office scandal, Deloitte's audit failures, the talent shortage in auditing, and the need for major reforms in the accounting profession.

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