Big Firms are Pyramid Schemes 😉 episode artwork

EPISODE · Sep 7, 2020 · 53 MIN

Big Firms are Pyramid Schemes 😉

from The Accounting Podcast · host Blake Oliver & David Leary

SponsorsADP Marketplace: https://cloudaccountingpodcast.promo/adpClockShark: https://cloudaccountingpodcast.promo/clocksharkBQE CORE: http://cloudaccountingpodcast.promo/coreShow Notes04:46 – Turns out, the people who work at Facebook are fighting just as much as the rest of us – Marketplace Tech11:01 – We've got ... VOICEMAIL! 15:26 – A new internet domain for the CPA profession: .cpa – Journal of Accountancy        AICPA opens up applications for .cpa domains – Accounting Today 20:00 – Arizona First State to OK Nonlawyer Ownership of Law Firms (2) – Bloomberg Law23:18 – Time & Budgets – Karbon        Karbon releases Time & Budgets – Accounting Today         App Aware: Karbon Updates Work Management Software – Intuitive Accountant25:23 – Latest product news – September 2020 – Xero Blog26:23 – Drury family sells $204m Xero shares, PushPay boss Bruce Gordon offloads on way out the door – New Zealand Herald        Second Xero block flies, this time via Jarden – Financial Review28:41 – Zoom Revenue Soars on Remote Work Boom – CFO.com30:52 – Zoom (ZM) Chief Accounting Officer to Resign – StreetInsider.com31:51 – Plaid Unveils New Instant Account Update Feature | PYMNTS 32:58 – How your firm is missing a $682,000 opportunity – Accounting Today 38:03 for Summary why the pyramid scheme 41:26 – Spreadsheet error led to Edinburgh hospital opening delay – BBC News43:13 – FedNow Aimed At Transforming The US Payment System Approved By The Board Of Governors Of The Federal Reserve – Forbes        FedNow: The Federal Reserve’s Planned Instant Payments Service – Harvard Law School Forum on Corporate Governance         Fed Announces "FedNow" Real-Time Payments Service – White & Case LLP 44:27 – Fed to have payments service ready 'as soon as practicably possible – American Banker44:56 –  Coronavirus prompts renewed calls for postal banking, faster payments – American Banker         Roundtable: Public Money - A. Klein, How to Fix the Covid Stimulus Payment Problem: Accounts, Information, and Infrastructure – Just Money  46:18 – Why Kamala Harris matters to fintech in the 2020 election – PaymentsSource50:14 – One more voicemail! Get 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/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsClientHub: https://clienthub.appGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd 

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There's a lot to talk about today, including news on how CPA domain applications are now open, and some discussion on the Federal Reserve's new FedNow service. We'll also touch on Arizona being the first state to okay non-lawyer ownership of law firms. In App News, Karbon releases Time & Budgets; a spreadsheet error led to Edinburgh hospital opening delay, and some news of Zoom, and Xero. Then, the piece de resistance - our take on the average annual compensation of equity partners in the top 100 accounting firms, and why big firms are starting to resemble pyramid schemes!

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Big Firms are Pyramid Schemes 😉

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