Terrible TikTok Tax Advice episode artwork

EPISODE · Feb 10, 2021 · 59 MIN

Terrible TikTok Tax Advice

from The Accounting Podcast · host Blake Oliver & David Leary

SponsorsQuickFee: https://cloudaccountingpodcast.promo/quickfeePractice Ignition: https://cloudaccountingpodcast.promo/piOdoo: https://cloudaccountingpodcast.promo/odooShow Notes1:30 - Terrible financial advice is going viral on TikTokhttps://www.vox.com/the-goods/22229551/tiktok-personal-finance-day-trading-tesla-scam1:44 - TikTok Compilation Life Hack A Piece Of Information You Learned That feels Illegal to Know MashUpshttps://www.youtube.com/watch?v=An3zt1xE6bA2:20 - Question: https://youtu.be/An3zt1xE6bA?t=163:40 - Start a church: https://youtu.be/An3zt1xE6bA?t=714:25 - S corp: https://youtu.be/An3zt1xE6bA?t=979:44 - Closing the Diversity Gap - Strategic Financehttps://sfmagazine.com/post-entry/february-2021-closing-the-diversity-gap/11:28 - Diverse talent leaving accounting jobs due to 'lack of inclusion'https://www.accountingtoday.com/news/diverse-talent-leaving-accounting-jobs-due-to-lack-of-inclusion13:00 - Accounting profession marks centennial of first Black CPA with new diversity campaignhttps://www.accountingtoday.com/news/accounting-profession-marks-centennial-of-first-black-cpa-with-new-diversity-campaign13:20 - Here's Another Reminder That Accounting Firms Used to Be Pretty Racist Back In the Dayhttps://www.goingconcern.com/heres-another-reminder-that-accounting-firms-used-to-be-pretty-racist-back-in-the-day/14:00 - BlackCPAcentennial https://www.icpas.org/BlackCPAcentennial15:47 - What Auditors Know about Amazon Product Ratingshttps://cpatrendlines.com/2021/02/05/what-auditors-know-about-amazon-product-ratings/The Paper: Audit Leadership Diversity and Audit Qualityhttp://hdl.handle.net/10125/7047321:16 - TSheets is Becoming QuickBooks Time  https://www.intuitiveaccountant.com/general-ledger/tsheets-is-becoming-quickbooks-time/Introducing QuickBooks Time: It’s TSheets … with a new namehttps://quickbooks.intuit.com/blog/news/introducing-quickbooks-time-its-tsheets-with-a-new-name/22:01 - QuickBooks Online Accountants Getting Upgrade https://www.accountingweb.com/technology/accounting-software-news/quickbooks-online-accountants-getting-upgrade23:54 - Intuit - Changes to QuickBooks Online Payments Bank Transfer (ACH) Deposit Speed & Pricinghttps://intuit.me/3tSGicC26:06 - Small Business Bank Account & Debit Card - QuickBooks Cash https://quickbooks.intuit.com/payments/business-bank-account/27:37 - CAP Listener, Todd Plager, weighs in on QuickBooks Cash30:00 - Intuit Acquires OneSaas https://www.intuit.com/blog/investors/intuit-acquires-onesaas/32:21 - Okta: Best-of-Breed Apps Are Still Winning https://www.saastr.com/okta-best-of-breed-apps-are-still-winning/34:24 - Xero: Latest product news – February 2021https://www.xero.com/blog/2021/02/latest-product-news-february-2021/38:02 - Here's Why This Fintech Stock Is Skyrocketing on Fridayhttps://www.fool.com/investing/2021/02/05/heres-why-this-fintech-stock-is-skyrocketing-on-fr/42:06 - Cloud AP/AR company Lockstep closes $10M in Series A fundinghttps://www.accountingtoday.com/news/cloud-accounting-company-lockstep-closes-10m-in-series-a-funding42:41 - Whistleblowing soars to record with Americans working from homehttps://www.accountingtoday.com/articles/whistleblowing-soars-to-record-with-americans-working-from-home43:45 - Microsoft CEO Nadella Bets Businesses Are Ready to Spend Big on Employee Softwarehttps://www.wsj.com/articles/microsoft-ceo-nadella-bets-businesses-are-ready-to-spend-big-on-employee-software-11612447214Microsoft Vivahttps://www.microsoft.com/en-us/microsoft-viva45:46 - Deloitte in hot water in China after an employee makes a PPT exposing alleged accounting violations https://www.globaltimes.cn/page/202102/1215067.shtmlDeloitte Whistleblower Alleges Auditing Violations in Chinahttps://www.caixinglobal.com/2021-02-06/deloitte-whistleblower-alleges-auditing-violations-in-china-101661171.html49:20 - CDC paid Deloitte $44 million for faulty vaccine appointment system https://www.businessinsider.com/cdc-deloitte-flawed-coronavirus-vaccine-appointment-system-2021-253:21 - We've got VOICEMAIL! Thank you, Sean Birdsell! 55:18 - Taxpayers need clarity on coordination of ERC and PPP loanshttps://www.journalofaccountancy.com/news/2021/jan/ppp-loan-employee-retention-credit-erc-taxpayers-need-clarity.htmlGet in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet

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Join us as we talk about all the terrible financial advice on social media, and why we should do something about it! Also, let's do something about diversity in accounting, which is, frankly, terrible. In app news, lots from Intuit and QuickBooks this week. Plus, Bill.com stock pops on fantastic quarterly earnings, Xero gives Blake a treat for Valentine's Day, whistleblowing grows with remote work as employees become less engaged, and Deloitte is not looking good when it comes to the CDC's vaccine appointment system.

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Terrible TikTok Tax Advice

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