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I’m delighted to announce that Xero has partnered with Parolla , to offer Xero accounting and bookkeeping partners and small business customers a free VAT solution, enabling you to easily prepare and generate revenue-compliant VAT3 returns for direct upload to Revenue Online Services (ROS). I want to start off by saying thank you.
Learn more at earmarkcpe.com. Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Learn more at earmarkcpe.com. Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad?
They move on to tech topics, like the slow adoption of AI tools such as ChatGPT among accountants and new product features announced by Intuit and Xero. 51:57) - Intuit released their year end earnings (55:07) - Some new Xero AI news & Xerocon is back in the US for 2024 (59:15) - Relay ups FDIC insurance to $2.5
Then we'll dig into PPP news, with talks about how the IRS plans to increase audits on small businesses by 50% — and how that's a joke based on the latest numbers. In app-ish news, we'll talk all things QuickBooks Connect (Virtual) 2020, QuickBooks Live, Intuit earnings, and why Xero investors should forget about the United States market.
in taxes from millionaires [link] 31:55 - IRS audits of millionaires plunged 72% [link] 32:43 - IRS Has Recruiting Problems, Too [link] 34:56 - ServiceTitan, Software Provider For Tradespeople, Reaches $8.3 Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad?
49:27 – Introducing the Xero Stripe App in the new Stripe App Marketplace | Xero Blog [link] 54:27 – Qonto adds invoice accounting to business finance platform [link] 56:19 – ADP Makes Enhancements to Accountant Connect [link] 58:05 – Austin St.
Sponsors Odoo: [link] Client Hub: [link] Rewind: [link] Meet Liz LinkedIn: [link] Twitter: [link] Website: [link] Show Notes 1:12 – Meet our guest, Liz Mason, CEO and Founder of High Rock Accounting 2:46 – Is the Maricopa County election audit truly an audit? We'll also talk about the PCAOB house-cleaning efforts.
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. Thank you, Sean Birdsell!
Today, we're talking about one good reason to get your CPA, along with a host of news from the accounting world, including PwC's new mandate that allows staff to work remotely forever (with a catch), how work-life balance improves audits, but not job satisfaction, and why going back to the office isn't so great when teams are hybrid.
We’ve got news from Gusto, Audit Sight, and Xero, as well. [link] 10:15 – Scaling New Heights 2022: Thrive [link] 11:13 – Parker Conrad’s Rippling is now valued at $6.5 Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Also, in today’s episode, we’re looking at Rippling’s $6.5
Full Transcript Available Upon Request - info@cloudaccountingpodcast.com Today, some of our loyal listeners take us to school about where we've missed the mark on things like audit, tax, and our favorite subject - the Paycheck Protection Program, and more.
We'll ponder over why fintechs are to blame for PPP fraud, and why accountants should audit AI companies, and it strikes again - the "Accounting Firm Xero." Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad?
Aussie accounting tech firm worth $402m after $93m raise [link] 50:59 – GoCardless Valued at $2.1B Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad?
Pros Nanonets integrates with QuickBooks, Xero, Sage, NetSuite, and other top ERPs and business systems. With special user training materials, webinars, and detailed documentation, Rossum is an invoicing processing software that makes change management easier than ever.
Nanonets AP automation integrates with QuickBooks, Xero, and Sage, allowing you to go fully paperless. Automate reporting and audit trails With paper-based systems, these tasks often require more time and effort. Maintaining a clear audit trail is also a challenge, as it's easy to lose track of paper documents.
I've got follow up on Wirecard, the Ernst & Young audit that apparently did not detect $2 billion in money that was missing. David Leary: [00:04:18] I've got some Wirecard, as well. Blake Oliver: [00:04:19] IRS news, appropriate for Tax Day coming up. The logic there is a little bit interesting. We'll talk about that. How about you?
Go here to create your classified ad: [link] Full Transcript Available Upon Request - info@cloudaccountingpodcast.com Salary and bonus increases for accountants; PCAOB and China in talks about audits; Xero to pull plug on Russian customers; AI news from Fiskl, AuditBoard, Botkeeper, and Stamped, and more
24:07 – Microsoft Excel Esports Tournament Is Real And Actually Happening [link] 28:15 – Osome raises $16M to automate repetitive accounting tasks [link] 29:35 – Corporate services “superapp” Osome lands $16M Series A [link] Super app for SMEs Osome raises $16 million [link] 31:00 – Pennylane raises $18.3
link] 41:37 – Elizabeth Warren’s take on the tax-preparer industry 44:39 – Innovations in audit: KPMG deploys smart glasses [link] 47:00 – Auditors leverage technology lessons from pandemic [link] 49:14 – We Found Joe Biden’s Secret Venmo. Here’s Why That’s A Privacy Nightmare For Everyone.
Sponsors Sage Advice: [link] Client Hub: [link] Relay Financial: [link] Show Notes 4:24 – Biden to propose tax hikes, $80B for audits of rich [link] 7:36 – U.S. We've got updates from Xero, and Square, and more!
Accountants and bookkeepers love Relay because they get a partner portal, can manage staff access without compromising security, and enjoy enriched direct bank feeds to QuickBooks Online, and Xero. It's almost like- and even Xero when they bought Hubdoc. It's called a Xero On Air. I saw that press release. Ring a bell?
You finished the week up with a big, huge webinar, or something? So, we planned a series of webinars, and we did one on Friday. We did it on CPAacademy, and 1,758 people attended this webinar. My conclusion, after doing this webinar and a bunch of research around it, is we're gonna peak in May, probably. 1,200 people?
We're talking tax, including why lawmakers are starting to complain about a slow start to tax season, and how proposed legislation will dramatically increase IRS audits on the wealthy and corporations. Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad?
We'll also examine Expensify's $100 million in annual recurring revenue, a wealth of FreshBooks news, and ponder all the possibilities for spending Xero's mountain of cash. Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? approval for purchase of Credit Karma.
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. They use QBO or Xero. They're a cash-accounting service.
Could fraud be part of the solution? [link] Is Audit in Crisis Because of Definitions? - 43:10) - 3 professors know how to solve the pipeline problem? (46:45) CPA Trendlines [link] The 'proof of reserves' myth in crypto-accountancy [link] OpenAI gives ChatGPT access to the entire internet | VentureBeat [link] Need CPE?
Go here to create your classified ad: [link] Full Transcript Available Upon Request - info@cloudaccountingpodcast.com Why the White House is comparing PPP and student loan forgiveness; updates from Xerocon New Orleans; what public accounting can learn Disney's new pricing magic; former Atlanta BDO audit manager kills ex-boss
Regulator Orders Big Four to Separate Audit Practices by 2024 – Wall Street Journal 32:27 – Debating the CPA License: Martin Zych + Blake Oliver + Brian Tankersley - CPA Review & More 33:40 – FASB Concepts Statement No. 8 – Conceptual Framework for Financial Reporting. David Leary: [00:04:53] I heard about that.
Sponsors AccountingSuite: [link] LivePlan Bootcamp: [link] BQE CORE: [link] Show Notes 04:33 – One of this week's voicemail messages – Shana 06:40 - Increase your restaurant profits by tracking fiscal weeks in QuickBooks Online Advanced – Intuit QuickBooks 08:16 - Xero and TriNet provide full-service HR solutions to U.S.
It has an easy-to-use dashboard, integrations with QuickBooks and Xero, and additional automated tools to serve the modern workforce. They just don't have the manpower to audit even a tiny fraction. Their around-the-clock support team is standing by with dedicated support just for accountants. Justworks is simple and fast.
Billion Monthly Payments [link] 28:05 – IRS to roll out expanded Child Tax Credit on July 1 [link] 29:50 – Biden Seeks 10% IRS Funding Hike to Spur More Audits of Wealthy [link] 31:37 – More Listener Mail! 26:40 – ACH Network Hits 2.7 Thank you, Amir Banihashemi! 32:08 – Get your value-pricing refresher here!
CFO 07:41 – Auditors Struggle to Access Data, Count Inventory During Remote Work – Wall Street Journal 07:47 – 8 things to know about the audit evidence standard – AICPA 09:17 – DOJ: 57 Charged With Alleged PPP Fraud – PYMNTS.com 10:10 – More on Liar Loans – Wikipedia 11:52 – Quickie lender Kabbage doled out billions in PPP loans.
billion in back taxes (51:40) - IRS tax-gap predictions, and scams to watch for in 2022 (54:59) - Jamie Dimon predicts AI will reduce workweeks to 3.5 Let the listeners of The Accounting Podcast know by running a classified ad.
OnPay includes deep integrations to benefit providers, workers' comp plans, QuickBooks, and Xero. I have never done any webinar that huge and that many. As soon as we disconnected the one webinar, five minutes later, they had to be on that because it's CPE credit. I picked that up from the webinar. No, Monday morning?
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. I [00:35:00] don't know the audit process.
It Felt Like a Black Mirror Episode' The Inside Account of How Bird Laid off 406 People in Two Minutes via a Zoom Webinar" [link] - dot.LA She had a webinar on PPP and the emergency loan, and I attended her webinar. We get the bank feeds, and we do whatever we want to them, and then we move that data to QuickBooks and Xero."
A2X posts tidy summaries of sales, returns, and fees from Shopify and Amazon directly into QuickBooks, or Xero that will exactly match the deposits that appear in your bank account. A2X has won the support of Amazon, Intuit, and has hundreds of five-star reviews by accountants and bookkeepers in both the QuickBooks and Xero app stores.
David Leary: [00:09:37] Well, he's also announced, I saw earlier this week, about they're gonna investigate now, or audit anybody that's done $2 million or more. So, basically, the Treasury is saying they're gonna audit. So, we have Mnuchin sending Muzinich to the SBA to sort this thing out. So, we'll see.
OnPay includes deep integrations to benefit providers, workers' comp plans, QuickBooks, and Xero. Blake Oliver: [00:03:33] Yes. David Leary: [00:03:33] I have the earning season - Xero, Sage, and Intuit have all released earnings. Blake Oliver: [00:09:32] Xero released their earnings first, so maybe we should hit Xero, quickly?
OnPay includes deep integrations to benefit providers, workers' comp plans, QuickBooks, and Xero. Well, do you remember how Mnuchin was threatening to audit every business that got a PPP loan? Then, they started saying that everybody's gonna get audited potentially. So, you're not gonna get audited. How easy is it?
The AICPA had another one of their weekly webinars. David Leary: [00:23:08] So, Xero, they had their blog post of some new features that were in Xero. You can do one thing in QuickBooks, and you can do it in Xero; one thing in Xero, you can do it in QuickBooks. Now, Xero, you can email a bill to Xero.
Blake Oliver: [00:23:20] Xero has released a chart of accounts templates in Xero HQ. So, I logged into my Xero HQ, and I saw there are now templates for C Corps, S Corps, legal, LLCs, not-for-profits, partnerships, retail, services, and sole proprietors. listed Chinese firms that fail to meet audit standards. It's crazy.
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