EPISODE · Oct 12, 2021 · 51 MIN
The One With Elizabeth Warren, Britney Spears, And Florida Man
from The Accounting Podcast · host Blake Oliver & David Leary
SponsorsRippling: https://cloudaccountingpodcast.promo/ripplingDark Horse: https://cloudaccountingpodcast.promo/darkhorseClient Hub: https://cloudaccountingpodcast.promo/clienthubShow Notes1:27 – David is leaving the building ... On vacation! 1:52 – CAP Voicemail – Thank you, Jonathan Weiss! Is it too hard to become a CPA? Practitioners speak outhttps://www.accountingtoday.com/news/is-it-too-hard-to-become-a-cpa-practitioners-speak-out 5:50 – CPA firms lay out top issues in 2021 and beyondhttps://www.accountingtoday.com/opinion/cpa-firms-lay-out-top-issues-in-2021-and-beyond 9:42 – Service levels hit new lows at swamped IRShttps://www.accountingtoday.com/news/service-levels-hit-new-lows-at-swamped-irs 11:28 – IRS didn’t spot $20.6M in bogus nonresident tax refundshttps://www.accountingtoday.com/news/irs-didnt-spot-20-6m-in-bogus-nonresident-tax-refunds 12:04 – Florida man filed 745 tax returns in 4 years, collecting $235K in bogus refunds — ‘I found a flaw in your system, and I took advantage of it’https://www.marketwatch.com/story/i-found-a-flaw-in-your-system-and-i-took-advantage-of-it-florida-man-filed-745-tax-returns-in-4-years-collecting-235k-in-bogus-refunds-11633540003 15:58 – Sage buys proposal software vendor GoProposalhttps://www.enterprisetimes.co.uk/2021/10/05/sage-buys-proposal-software-vendor-goproposal/ Sage buys U.K. proposal management software makerhttps://www.accountingtoday.com/news/sage-buys-uk-proposal-management-software-maker 19:32 – Latest product news – October 2021 | Xero Bloghttps://www.xero.com/blog/2021/10/product-news-oct-2021/ 23:05 – FreshBooks Acquires FastBill to Boost Growth in Canadahttps://www.pymnts.com/news/partnerships-acquisitions/2021/freshbooks-acquires-fastbill-to-boost-growth-in-canada/ 24:24 – Google Drive Is Getting Labels for Your Fileshttps://www.howtogeek.com/759458/google-drive-is-getting-labels-for-your-files/ 25:20 – Chargebee acquires RevLockhttps://www.accountingtoday.com/news/chargebee-acquires-revlock 26:17 – Pipe launches trading platform for recurring revenuehttps://www.accountingtoday.com/news/pipe-launches-trading-platform-for-recurring-revenue 30:05 – Hackers exploit MFA flaw to steal from 6,000 Coinbase customershttps://cointelegraph.com/news/hackers-exploit-mfa-flaw-to-steal-from-6-000-coinbase-customers-report 32:59 – Sage Intacct 2021 Release 3: What’s New?https://www.accttwo.com/blog/sage-intacct-2021-release-3-whats-new 39:03 – Elizabeth Warren Shocked to Learn Big Public Accounting Firms Do Shady Sh*thttps://www.goingconcern.com/elizabeth-warren-shocked-to-learn-big-public-accounting-firms-do-shady-sht/ 40:58 – The tax agency would like to look at your financial transactions above $600. What could go wrong?https://www.wsj.com/articles/internal-revenue-service-irs-rettig-yellen-brady-bank-account-tax-proposal-revenue-privacy-data-breach-11633287461 41:55 – Democrats eye narrowing Biden plan on bank reporting to IRShttps://www.accountingtoday.com/articles/democrats-eye-narrowing-biden-plan-on-bank-reporting-to-irs Banks enlist customers to kill Biden’s account data reporting planhttps://www.accountingtoday.com/articles/banks-enlist-customers-to-kill-bidens-account-data-reporting-plan 45:06 – Adios, David – Enjoy Cancun! 46:23 – Who Is John Zabel? Britney Spears' New Conservator Takes Over From Jamie Spearshttps://www.yourtango.com/news/who-is-john-zabel-britney-spears-new-conservator Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeGet 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?
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What this episode covers
Before David departs for sunny Cancun, we've got a lot to talk about! We've got some listener feedback on the difficulty getting the CPA (and whether it was worth it). We'll also talk about what CPA firms lay out as the top issues in 2021 and beyond. As per usual, IRS service levels continue to plummet, and we'll look at Florida Man's tax practitioner's terrible tax fraud scheme. In app news, Sage buys GoProposal, Xero's got updates, and FreshBooks buys FastBill. Google Drive is getting labels, Chargebee buys RevLock, and a new app, Pipe, lets you trade recurring revenue for cash. Meanwhile, Coinbase customers got hacked, and we've got more updates from Sage Intacct. We'll round out this pre-vacation episode with news about Elizabeth Warren's crusade against the Big 4 revolving door practices, and talk about whether a 1099 for bank accounts is in the works. Then, just for fun, #FreeBritney's got a new conservator - a CPA! Pull up a beach, grab a snack, or an umbrella-garnished beverage of your choice, and enjoy!
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The One With Elizabeth Warren, Britney Spears, And Florida Man
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