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27:34 – Accountants reply: Is it too hard to become a CPA? link] 29:36 – Listener Mail on CPA – Thanks T.C. A New York law firm files class action lawsuit over QuickBooks Payments fees, Intuit launches a venture arm, China bans crypto, and the top virtual conference software for CPA firms.
We'll also get into some app news, conference updates, and talk more tax, as we wander through the land of IRS troubles. Payments Valued at $72.6T to verify your identity.
Sponsors QuickFee: [link] Practice Ignition: [link] Odoo: [link] Show Notes 1:30 - Terrible financial advice is going viral on TikTok [link] 1:44 - TikTok Compilation Life Hack A Piece Of Information You Learned That feels Illegal to Know MashUps [link] 2:20 - Question: [link] 3:40 - Start a church: [link] 4:25 - S corp: [link] 9:44 - Closing the Diversity (..)
I've got an article in CPA Trendlines, an opinion piece - "When Time-Based Pricing Works." Blake Oliver: [00:21:59] So, all this real-time deposits thing is getting bigger and bigger because we were just talking about this last episode. He wrote an article on CPA Trendlines called: "When Time-Based Pricing Works." I don't know.
I send it to ADP to do the direct deposits, and when they shoot out those direct deposits, they're adding in that extra 1,200 bucks, or whatever the proper amount is that's from the government [crosstalk] the accounts. It all needs to get pushed past July 15. You can still go into the office.
Wrapping up, they review some of 2024's hottest stories, including declining CPA candidates, audit quality issues, and KPMG CEO Paul Knopp's Wall Street Journal op-ed about the "dying language of accounting."
If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. he's a CPA first. That's my follow up in the fraud world.
Biden vows to veto GOP plan to abolish the IRS; CPA exam takers down 25% since 2018; IRS too busy to replace old computers, suspends project Sponsors OnPay - [link] Relay - [link] First Republic Bank - [link] Need CPE? WSJ asks: "How can we make accounting cool?"; WSJ [link] Passing or failing? We appreciate you!
consumer fintech –– CNBC 54:47 – Klarna Valued At $10.65B After $650M Fundraise – PYMNTS.com 56:03 – Wolters Kluwer Acquires XCM – CPA Practice Advisor 57:30 – KKR to sell Epicor Software in $4.7 Instead of me, like right now when I get paid, I can specify what accounts I want my direct deposit to go to – my bank accounts.
What he did, is he- somewhere along the line, he crossed the line, and he rerouted payroll direct deposit money that was supposed to go into employees' bank accounts, and the money to pay taxes. David Leary: [00:25:01] I mean, the trouble here is you have to have the cash to deposit in people's accounts. That's what I'm not following.
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