458 episodes

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.

The Accounting Podcast Blake Oliver & David Leary

    • News
    • 4.7 • 236 Ratings

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.

    Earmark Media Presents: Federal Tax Updates - Corporate Transparency Act Ruled Unconstitutional

    Earmark Media Presents: Federal Tax Updates - Corporate Transparency Act Ruled Unconstitutional

    Here's a preview of Blake's recent appearance on Federal Tax Updates, where he joined host Roger Harris to unpack some of the biggest tax stories making headlines, from a federal court ruling deeming a new business reporting law unconstitutional to the staggering estimates of tax evasion by the wealthy. To hear the complete discussion, visit Federal Tax Updates: https://share.transistor.fm/s/d8c45ed9
    Need CPE?
    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com

    Get in Touch
    Thanks 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.

    Sponsorships
    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

    Need Accounting Conference Info? 
    Check out our new website - accountingconferences.com

    Limited edition shirts, stickers, and other necessities
    TeePublic Store: http://cloudacctpod.link/merch

    Subscribe
    Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast
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    • 17 min
    The Race to Automate Audits

    The Race to Automate Audits

    Blake and David meet up with AJ Yawn, partner at Armanino LLP, about Armanino's new tool, Audit Ally, which streamlines and automates SOC 2 audits. They discuss the growing trend of tech companies entering the audit space and commoditizing services like SOC 2 audits, and explore how Audit Ally aims to help accounting firms compete on price and quality by utilizing AI and machine learning.
    Meet Our Guest, AJ YawnLinkedIn: https://www.armanino.com/company/people/aj-yawn
    Learn about about Audit Ally
    Need CPE?
    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com

    Get in Touch
    Thanks 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.

    Sponsorships
    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

    Need Accounting Conference Info? 
    Check out our new website - accountingconferences.com

    Limited edition shirts, stickers, and other necessities
    TeePublic Store: http://cloudacctpod.link/merch

    Subscribe
    Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast
    Classifieds
    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

    Transcripts
    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

    • 22 min
    IRS Agents Working From Home Can Watch H&R Block Reality TV Show

    IRS Agents Working From Home Can Watch H&R Block Reality TV Show

    We're celebrating surpassing 10,000 YouTube subscribers! Thank you! Blake and David look into H&R Block's new reality show about teaching people life skills like doing their taxes. They also talk about workflow automation challenges for accounting firms, how the IRS is contacting wealthy non-filers, and the Trump Organization CFO pleading guilty to perjury. They also break down the SEC's extensive new climate disclosure rules and the job opportunities this could create for accountants.

    Sponsors FreshBooks - http://accountingpodcast.promo/freshbooksRelay - http://accountingpodcast.promo/relay Webgility - http://accountingpodcast.promo/webgility
    Chapters(03:04) - H&R Block is creating a reality TV show

    (08:51) - WSJ Op-Ed says IRS agents shouldn't work from home

    (12:21) - The Accountant 2 gets a big tax credit

    (14:42) - South Carolina finds $2 billion in bank account

    (20:49) - Bloomberg article on the lack of accountants

    (23:18) - Regional banks in trouble?

    (27:00) - Lyft being sued by their shareholders

    (29:39) - Is bad workflow automation the cause of bad work/life balances?

    (37:42) - CPA Trendlines: "Which Niche is the Best Niche?"

    (46:28) - TurboTax and H&R Block are using AI giving awful tax advice

    (50:12) - Blake shares new SEC rule's GPT he made

    (53:19) - AI and data privacy concerns

    (55:48) - Can AI predict when you'll die?

    (01:01:37) - Former Trump CFO Allen Weisselberg pleads guilty to perjury

    (01:03:56) - Thanks for listening and remember to subscribe
     
    Show Notes
    2024 Report: The State of Accounting Workflow Automation
    https://financial-cents.com/resources/articles/2024-report-state-of-accounting-workflow-automation/
     
    Gartner Survey Shows That a Third of Accountants Make Several Financial Errors Per Week due to Capacity Constraints       
    https://www.gartner.com/en/newsroom/press-releases/2024-02-21-gartner-survey-shows-that-a-third-of-accountants-make-several-error-per-weeo-due-to-capacity-constraints
     
    The U.S. is short 340,000 accountants-just look at the wave of earnings report mistakes
    https://fortune.com/2024/03/01/accounting-shortage-earnings-report-mistakes/
     
    Intuit, H&R Block tax AIs critiqued on accuracy
    https://www.accountingtoday.com/news/intuit-h-r-block-tax-ais-critiqued-on-accuracy-of-answers-many-inaccurate
     
    SC accounting error gets renewed focus over $1.8B sitting in state bank account
    https://www.southcarolinapublicradio.org/sc-news/2024-03-05/legis-treasurermoney
     
    Ex-Trump Org CFO Pleads Guilty to Perjury in Fraud Case
    https://www.cpapracticeadvisor.com/2024/03/05/ex-trump-org-cfo-pleads-guilty-to-perjury-in-fraud-case/102306/
     
    H&R Block to Release Short Format Comedy Streaming Series, “Responsibility Island”
    https://www.cpapracticeadvisor.com/2024/02/29/hr-block-to-release-short-format-comedy-streaming-series-responsibility-island/102172/
     
    Federal court holds Corporate Transparency Act unconstitutional
    https://www.journalofaccountancy.com/news/2024/mar/federal-court-holds-corporate-transparency-act-unconstitutional.html
     
    Lyft earnings report error prompts shareholder lawsuit              
    https://finance.yahoo.com/news/lyft-earnings-report-error-prompts-150849490.html
    Need CPE?
    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com

    Get in Touch
    Thanks 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.

    Sponsorships
    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

    Need Accounting Conference Info? 
    Check out our new website - accountingconferences.com

    Limited edition shirts, stickers, and other necessities
    TeePublic Store: http://cloudacctpod.link/merch

    • 1 hr 6 min
    SPAC Attack: Why Withum Got Slapped with a $2M PCAOB Fine

    SPAC Attack: Why Withum Got Slapped with a $2M PCAOB Fine

    Blake and David meet with Chris Vanover, President of CPAClub, about the recent $2 million PCAOB fine against Withum for poor audit quality on many 2021 SPAC audits. They examine Withum's 500% increase in audits with minimal staff growth, leading to overworked teams and partners working 100+ hour weeks. They also debate whether the fines are large enough to change behavior or just a cost of doing business.
    Meet Our Guest, Chris Vanover
    LinkedIn: https://www.linkedin.com/in/chrisvcpa/

    Learn more about CPAClub
    Website: https://cpaclub.cpa/
    Need CPE?
    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com

    Get in Touch
    Thanks 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.

    Sponsorships
    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

    Need Accounting Conference Info? 
    Check out our new website - accountingconferences.com

    Limited edition shirts, stickers, and other necessities
    TeePublic Store: http://cloudacctpod.link/merch

    Subscribe
    Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast
    Classifieds
    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

    Transcripts
    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

    • 15 min
    Weighing The Risks and Rewards Of Surge Pricing Tax Returns

    Weighing The Risks and Rewards Of Surge Pricing Tax Returns

    Fast food chain Wendy's considers demand pricing – should your firm, too? We discuss the potential for surge pricing tax returns to smooth workload and raise revenue. We also dive into new AI-powered accounting productivity tools from Sage and Xero, Zoho's $5 per user practice management suite, and analyze the results of our listener survey.

    SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoClient Hub - http://accountingpodcast.promo/clienthub
    Chapters(06:40) - What can accountants learn and try in pricing?

    (13:59) - The IRS debuts free file system

    (26:47) - Xero announces their AI tool JAX

    (34:12) - QuickBooks new offering, Solopreneur

    (40:11) - Zoho is getting into practice management

    (44:52) - FTC goes after H&R Block over free filing claims

    (47:15) - Can AI teach accounting?

    (55:41) - TAP Listener Survey results

    (01:00:40) - Blake asks AI to generate an image of the average listener

    (01:05:09) - Thanks for listening and remember to subscribe
     
    Show Notes
    Just Ask Xero | Xero US 
    Introduction to QuickBooks Solopreneur (intuit.com)
     
    Practice software features for businesses | Zoho practice
     
    FTC alleges H&R Block deleted customer tax data, used deceptive advertising             
    IRS Direct File free tax system moves into public test phase
     
    Intuit introduces QuickBooks Solopreneur for one-person businesses
     
    Intuit Introduces QuickBooks Solopreneur, an Easy-to-Use Financial Tool Built for One-Person Businesses   
     
    H&R Block’s online tax prep tricked customers into paying more money, FTC claims
     
    AI will 'change nature' of accounting, says Sage boss   
     
    Sage launches generative AI copilot assistant for SME accounting
     
    H&R Block ‘Data Wiping’ and Upgrade Policies Harm Taxpayers, FTC Says
     
    Expert Examines AI's Role in Accounting Education      
     
    Sage Intacct Unveils New Features to Streamline Operations and Boost Productivity
     
    Zoho dives into practice management with Zoho Practice
     
    Xero's AI Leap: Unveiling 'Just Ask Xero' to Revolutionize Small Business Accounting
     
    How GenAI will shape the future for our customers      
     
    IRS reopens Direct File testing after pause
     
    Study: ChatGPT Won’t Be Replacing Accounting Professors In the Near Future
     
    ChatGPT in Education: Study Reveals Utility and Limits in Financial Accounting Learning
     
    Xero wants to use AI to help your SMB solve all its accounting woes
     
    Wendys surge pricing ai backlash internet        
    Need CPE?
    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com

    Get in Touch
    Thanks 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.

    Sponsorships
    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

    Need Accounting Conference Info? 
    Check out our new website - accountingconferences.com

    Limited edition shirts, stickers, and other necessities
    TeePublic Store: http://cloudacctpod.link/merch

    Subscribe
    Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/pod...

    • 1 hr 11 min
    Trust Me, I'm an AI: Aaron Harris on the Future of Accounting

    Trust Me, I'm an AI: Aaron Harris on the Future of Accounting

    Aaron Harris joins Blake and David to discuss Sage's new AI offering, Sage Copilot, which brings generative intelligence into Sage Intacct to eliminate routine accounting work. They discuss specific use cases Copilot handles, like chasing people for approvals/documents, drafting emails, and answering ad hoc questions without running reports. Aaron also shares his perspective on AI’s impact on the accounting profession and why increased automation will make human review and trust even more essential.
    Meet Our Guest, Aaron Harris, CTO, Sage
    LinkedIn: https://www.linkedin.com/in/aaron-harris-7407b2/Twitter: https://twitter.com/i/flow/login?redirect_after_login=%2FAaronRHarris

    Learn more about Sagehttp://www.sage.com
    Listener SurveyPlease take our listener survey: https://accounting.show/survey

    Need CPE?
    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com

    Get in Touch
    Thanks 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.

    Sponsorships
    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

    Need Accounting Conference Info? 
    Check out our new website - accountingconferences.com

    Limited edition shirts, stickers, and other necessities
    TeePublic Store: http://cloudacctpod.link/merch

    Subscribe
    Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast
    Classifieds
    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

    Transcripts
    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

    • 24 min

Customer Reviews

4.7 out of 5
236 Ratings

236 Ratings

Brown4 ,

Appreciate the strong points of view!

I’m so glad I found this podcast! After 10 years as a small business controller I am getting into consultancy and trying to catch up on all the news I missed. I love that viewpoints are stated with integrity and with conviction. Thank you!

Abe827473 ,

Amazing

Entertaining and content rich update on the accounting industry! Listen weekly and get CPE by using the Earmark App!

ArlieLP ,

(I’m) Too Obsessed!

So glad to have discovered this show! From the debunking the IRS drama in the Barbie movie to covering fascinating Intuit AI developments, David and Blake are *the* resource for all things accounting. Tune in for valuable insights from excellent guests and easy to consume conversations on the latest news in the CPA space. You won’t regret it!

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