Big Accounting Firms Are Doomed

SponsorsONCE Accounting: https://cloudaccountingpodcast.promo/oncea2X: https://cloudaccountingpodcast.promo/A2XLiveFlow: https://cloudaccountingpodcast.promo/liveflowNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow Notes02:33 – 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 TikTokhttps://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 choosehttps://www.accountingtoday.com/news/study-finds-tax-software-users-prioritize-cost-and-paid-preparer-users-prioritize-accuracy 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 Ukrainehttps://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             https://www.wsj.com/livecoverage/russia-ukraine-latest-news-2022-03-04/card/visa-and-mastercard-suspend-russian-operations-LAhp94TyXAXrNzaILwz5 51:05 – Spoils of War? Ukraine Says No Taxes Due on Captured Russian Tankshttps://www.cpapracticeadvisor.com/tax-compliance/news/21259037/spoils-of-war-ukraine-says-no-taxes-due-on-captured-russian-tanks 52:51 – KPMG set to drop some clients over Russian sanctionshttps://www.accountingtoday.com/articles/kpmg-set-to-drop-some-clients-over-russian-sanctions 53:05 – Grant Thornton Drops Its Russian Affiliate Over Conflict In Ukrainehttps://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)https://www.goingconcern.com/big-4-firms-condemn-russias-invasion-of-ukraine-but-will-they-sever-relationships-with-any-russian-clients/ 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 successGet in TouchThanks 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, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: