Latest Accounting news Podcast Episodes
Remote Accountants Get Paid Less
The Accounting Podcast - April 19, 2024 19:30 - 1 hour ★★★★★ - 207 ratingsBlake and David delve into the effects of remote work on accountant salaries and the mental health challenges faced by auditors at Big Four firms. They inspect a recent study showing lower pay for hybrid workers compared to fully remote or in-office employees. They also contemplate the ...
Delivering Nuclear Value in Accounting
The Accounting Podcast - April 15, 2024 22:30 - 29 minutes ★★★★★ - 207 ratingsJoe Woodard joins Blake and David to examine how accountants and bookkeepers can increase the value of their services in the eyes of their clients. Joe introduces the Cobb value curve, illustrating how differentiation and relative value impact pricing. He emphasizes the importance of of...
Get Rich Doing Bad Audits
The Accounting Podcast - April 11, 2024 20:30 - 52 minutes ★★★★★ - 207 ratingsBlake and David dive into the concerning trend of small CPA firms conducting shoddy audits of large companies and SPACs, raking in big fees while facing minimal consequences for deficient work. They also discuss the latest accounting app funding news, the power of AI for crafting persua...
Pizza Parties Boost Morale
The Accounting Podcast - April 04, 2024 21:00 - 59 minutes ★★★★★ - 207 ratingsBlake and David dig through the latest accounting news, including the effectiveness of pizza parties in boosting accounting firm morale, the record number of baby boomers reaching retirement age, and the impact on Social Security, as well as the massive amount of COVID-related fraud ori...
Modern Pricing Models Drive Higher Valuations for Accounting Firms
The Accounting Podcast - April 03, 2024 14:00 - 31 minutes ★★★★★ - 207 ratingsBlake and David meet with M&A advisor Charles Bedard about valuations for accounting firms looking to sell. Bedard explains that subscription-based "modern" firms command much higher multiples than traditional hourly billing firms. Bedard provides specific valuation ranges based on reve...
A Sizable Portion of Accountants See No Use Case for AI
The Accounting Podcast - March 29, 2024 17:00 - 58 minutes ★★★★★ - 207 ratingsBlake and David look at the potential impact of AI on the accounting profession and discuss how AI tools like ChatGPT can boost productivity by automating tasks, improving communication, and assisting with problem-solving. They also examine the implications of these efficiency gains on ...
Do Audit Opinions Matter? A Discussion with Professor Ed Ketz
The Accounting Podcast - March 26, 2024 20:00 - 23 minutes ★★★★★ - 207 ratingsProfessor Ed Ketz of Penn State joins the show to discuss audits' current state and future. We delve into the relevance of audits and explore the value of unqualified opinions in making audits meaningful. The discussion also touches on the overstandardization of audit reports and how th...
Banks Will Fail & Listener Mail
The Accounting Podcast - March 22, 2024 00:30 - 1 hour ★★★★★ - 207 ratingsBlake and David start with a discussion on Federal Reserve Chairman Jerome Powell's testimony regarding the failure of small and mid-sized banks due to exposure to the commercial real estate sector. They also get into Minnesota's CPA licensure bill for 150-hour requirement alternatives ...
Earmark Media Presents: Corporate Transparency Act Ruled Unconstitutional (Federal Tax Updates)
The Accounting Podcast - March 18, 2024 22:30 - 17 minutes ★★★★★ - 207 ratingsHere'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 evasio...
The Race to Automate Audits
The Accounting Podcast - March 15, 2024 18:00 - 22 minutes ★★★★★ - 207 ratingsBlake 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 Aud...
IRS Agents Working From Home Can Watch H&R Block Reality TV Show
The Accounting Podcast - March 12, 2024 21:00 - 1 hour ★★★★★ - 207 ratingsWe'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 wealth...
SPAC Attack: Why Withum Got Slapped with a $2M PCAOB Fine
The Accounting Podcast - March 08, 2024 22:00 - 15 minutes ★★★★★ - 207 ratingsBlake 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...
Weighing The Risks and Rewards Of Surge Pricing Tax Returns
The Accounting Podcast - March 07, 2024 00:00 - 1 hour ★★★★★ - 207 ratingsFast 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 managemen...
Trust Me, I'm an AI: Aaron Harris on the Future of Accounting
The Accounting Podcast - March 01, 2024 19:30 - 24 minutes ★★★★★ - 207 ratingsAaron 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,...
Lyft's Big Financial Typo
The Accounting Podcast - March 01, 2024 04:30 - 59 minutes ★★★★★ - 207 ratingsBlake and David discuss the Lyft financial typo that sent its stock price soaring. They also examine how AI-powered help desks and customer service are improving efficiency by 10-20%, and look at some alternatives to the pesky 150-hour rule. Other news includes the future of commercial ...
Why Accountants Quit Public Accounting Firms
The Accounting Podcast - February 24, 2024 02:30 - 23 minutes ★★★★★ - 207 ratingsBlake and David meet with Geoffrey Brown of the Illinois CPA Society to examine some key findings from ICPAS's recent retention report, including top reasons for turnover, where departing accountants are going, and ideas for improving work-life balance. Meet Our Guest, Geoffrey Brown ...
The Biggest Check You Can Write to The IRS
The Accounting Podcast - February 21, 2024 23:30 - 56 minutes ★★★★★ - 207 ratingsBlake and David break down the IRS's $99 million paper-check limit, how states use tax credits to attract movie productions (sometimes unsuccessfully) and give their take on actor Kenan Thompson losing $1.5 million to fraud as a child. They also cover couples arguing over finances, AI a...
From Carpet Cleaner to CPA: An Accounting Student's Journey
The Accounting Podcast - February 16, 2024 23:30 - 22 minutes ★★★★★ - 207 ratingsBlake and David talk with Chayton Farlee, an accounting student at the University of the Pacific, about his journey into accounting and his thoughts on the profession. They discuss his inspiring path from cleaning carpets during the pandemic to pursuing his CPA and CMA, the disconnect m...
Beware of E-Filing Your Tax Return
The Accounting Podcast - February 15, 2024 20:00 - 1 hour ★★★★★ - 207 ratingsBlake and David discuss a wealth of timely topics, including the risks of filing taxes electronically versus by mail, the impact of the 150-hour rule on diversity in the accounting profession, and how major accounting firms are turning to private equity funding to accelerate growth. The...
Building a Bank for Accountants and Small Businesses
The Accounting Podcast - February 08, 2024 00:15 - 30 minutes ★★★★★ - 207 ratingsYoseph West joins Blake and David to examine Relay Financial's background and their ambition to solve banking problems by becoming a bank themselves, designing the ideal user experience, and overcoming regulatory challenges. West also outlines Relay's redesigned accountant partner progr...
What to Do if You Can't Find an Accountant for Tax Season
The Accounting Podcast - February 02, 2024 20:00 - 1 hour ★★★★★ - 207 ratingsCNBC tells taxpayers to seek out EAs if they can't find a CPA, crypto fraud by a pastor who claims God told him to do it, issues with IRS taxpayer notices and filing, accounting irregularities at agricultural giant ADM send the stock plummeting, CPA reciprocity is a pain, AI updates inc...
Listener Mail: Finding Balance with Tech & CPA Pipeline Problem
The Accounting Podcast - January 30, 2024 21:00 - 1 hour ★★★★★ - 207 ratingsThis week, Blake and David Leary sort through the mail and respond to a variety of listener emails and voicemails. Amongst the topics covered, they explore working as a TurboTax preparer to barriers faced by career-changers entering public accounting. They go on to debate the root cause...
How To Take The Pain Out Of Busy Season
The Accounting Podcast - January 25, 2024 21:00 - 1 hour ★★★★★ - 207 ratingsBlake and David discuss the challenges of busy season and achieving work-life balance as accountants. They also debate the value and investment risks of cryptocurrency and analyze global economic impacts like outflows from China's economy. They also review some of the latest AI trends i...
Pay Transparency Website Levels Playing Field for Accountants
The Accounting Podcast - January 23, 2024 14:40 - 24 minutes ★★★★★ - 207 ratingsDominic Piscopo is the founder of Big4Transparency.com, an accounting salary transparency website. Dominic was inspired to start the site based on his experience discovering the disparity in compensation between his accounting job and what other accountants were making in the same city....
Survey Says 80% of CPAs Support Alternatives to 150 Hours
The Accounting Podcast - January 19, 2024 18:00 - 1 hour ★★★★★ - 207 ratingsBlake and David mull over the Arizona CPA Society's survey revealing that 80% of Arizona CPAs support 150-hour-rule alternatives. They also examine the UK Post Office scandal that led to hundreds of criminal convictions of postmasters, as well as Deloitte's recent massive audit failures...
AI for Accountants - Exploring Rightworks Spark
The Accounting Podcast - January 17, 2024 22:45 - 31 minutes ★★★★★ - 207 ratingsBlake and David meet up with TJ Lewis and Aaron Van Ruler from Rightworks about their new AI tool called Spark, built specifically for accountants on top of ChatGPT. They discuss how Spark helps accounting professionals by providing industry-specific content, tools, and assistants to en...
How Much Tax Preparers Charge
The Accounting Podcast - January 12, 2024 21:30 - 1 hour ★★★★★ - 207 ratingsBlake throws his hat into the ring for President and CEO of NASBA! Hear how he intends to shake things up should he be chosen! Next, Blake and David unpack a survey on the surprisingly low tax-preparer fees across the country, discuss the headaches still posed by interstate CPA licensin...
Turning Staff Into Workaholics Makes Them Way Less Productive
The Accounting Podcast - January 05, 2024 14:00 - 1 hour ★★★★★ - 207 ratingsIn this 2023 wrap-up, Blake and David discuss an appeals court ruling that audit reports are so generic they are essentially useless to investors. They also explore the concept of "productivity theater" where employees pretend to be constantly working, even though it leads to disengagem...
Accounting Professor Bills Trump $900,000 for Expert Testimony
The Accounting Podcast - December 28, 2023 14:00 - 1 hour ★★★★★ - 207 ratingsJust in time for the holidays, Blake and David examine the accounting professor from NYU who charged Trump nearly $900,000 for expert testimony. They also tackle issues around accountant retention and turnover, tax updates, the financial operations of Hamas, as well as Hunter Biden's in...
Building a Firm to the Right Size with Keila Hill-Trawick, CPA
The Accounting Podcast - December 22, 2023 22:00 - 1 hour ★★★★★ - 207 ratingsKeila Hill-Trawick joins Blake and David to discuss her philosophy on intentionally building a firm to the "right" size, rather than pursuing endless revenue growth. She also explains how her firm narrowed its service offerings to focus on core recurring services like tax planning and f...
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