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They also get into Minnesota's CPA licensure bill for 150-hour requirement alternatives and KPMG's audit findings on the Department of Education and the cost of the federal student loan program. Show Notes Could CPAs telling their stories be the key to attracting Gen Zers to accounting?
Blake and David, joined by guest Amber Setter, dive into the California Board of Accountancy's move to create legislation for an alternative to the 150-hour rule for CPA licensure. They discuss the potential impact on the accounting profession, the need for modernization, and the challenges faced by aspiring CPAs.
Go here to create your classified ad: [link] Full Transcript Available Upon Request - info@cloudaccountingpodcast.com Shana Veale, CPA, VP/CFO of PharmChem, Inc., Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Get in Touch Thanks for listening and for the great reviews!
Meet Our Guest: Megan Walker, CPA - Vice President of Accounting and Finance at Oxford Corporate [link] Learn more about Oxford Collection: [link] Need CPE? Today's special guest is Megan Walker, CPA. We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary.
Cloud-Based Accounting Accounting & CPA firms earn higher year-after-year revenue and acquire 5X more customers with cloud-based accounting. CPA firms and businesses have been using it for years, but now it is more prevalent than ever. CPA firms can deliver efficient services to their clients while saving costs.
Trillion in Unpaid Taxes [link] 31:20 - Richest 1% hide a fifth of their income from the IRS [link] 31:27 - IRS failed to collect $2.4B Trillion in Unpaid Taxes [link] 31:20 - Richest 1% hide a fifth of their income from the IRS [link] 31:27 - IRS failed to collect $2.4B Thank you, Adam CPA! We appreciate you!
Show Notes How to Collect $1.4 Trillion in Unpaid Taxes [link] Get in Touch Thanks 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.
tax Advisors for Change: [link] Ambitious Bookkeeper: [link] Oh My Fraud: A True Crime Podcast for Accountants: ohmyfraud.com 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?
There’s a bunch of users sharing their pet peeves, CPA exam tips, investment strategies, and even complaints about certain jobs or the government. There is seemingly not much moderation, meaning members can post just about anything, from CPA exam questions to technical queries.
Million of Stock After Reassuring Public About Coronavirus Preparedness 26:38 - Some webinars re: Food Service and Accounting During This Crisis Five Crisis Numbers for Food & Bev - YouTube Now What? I went to two webinars this week that are really focused on restaurants who are struggling with cash flow, obviously.
Today, Blake and David explore how artificial intelligence is reshaping accounting, discussing its potential to handle 70% of information-based tasks and impact workflows like data collection, reconciliation, and client services. Let the listeners of The Accounting Podca.
Is it too hard to become a CPA? Practitioners speak out [link] 5:50 – CPA firms lay out top issues in 2021 and beyond [link] 9:42 – Service levels hit new lows at swamped IRS [link] 11:28 – IRS didn’t spot $20.6M We've got some listener feedback on the difficulty getting the CPA (and whether it was worth it).
I'm gonna read the letter, itself - Accounting firms should repay PPP loans - "As a practicing CPA I was glad to see July 15 finally arrive and signal the end of a long busy season. I was shocked when I heard that CPA firms had received PPP loans. These allow you to collect payments on fixed-price items and services using a simple URL.
He's a CPA, PFS, and CGMA. There's a tweet from Logan Graf, CPA. So, if they don't file the returns, if the deadline doesn't stick, and it gets extended again, then clients aren't gonna turn in their paperwork, and the firm is not gonna be able to collect the cash. So that's Reynaldo Arellano. Thank you, Reynaldo.
This prior webinar, we said, "Assume positive intent," that the intent was to get money in the hands of small business. The business advisor, to the CPA firm can help navigate that with the client. Some businesses absolutely do, but some businesses wanna go out and get their employees back on payroll. They're doing it through a loan.
Other news includes the future of commercial real estate taxes, the use of AI tools to monitor employee communications, and how the IRS plans to collect over $500 billion more in owed taxes. Let the listeners of The Accounting Podcast know by running a classified ad.
Hopefully, in our next episode, we'll have an actual bill or a proposal to talk about. [00:14:10] Something related - state CPA societies, and the AICPA are calling for federal relief for state and local governments amid the coronavirus. I mean, Kurt's a CPA, right? That's what's going on with stimulus right now. They really are.
Going Concern Remove roadblocks to CAS practice growth – Journal of Accountancy 41:28 – Non-CPA “CPA” Firms? CPA Trendlines 42:18 – Does the US tax code favor automation? – CPA Trendlines 42:18 – Does the US tax code favor automation? We appreciate you! That's according to Accounting Today.
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: [00:32:24] I have some homework for you.
Jobs Report - NYTimes 32:10 - Accountants see pandemic over by year's end; recovery will take longer – Accounting Today 33:31 - How SMB Accounting and Finance Teams are Responding to COVID-19 – Intuitive Accountant 35:26 - Accounting group CPA victimized by cyberattack, some data on 329,000 people stolen - CBC News 37:06 - Exclusive: U.S.
The legislation suspended wage garnishments, and other involuntary collections on federal student loans until September 30, but the Education Department, or Department of Education has been garnishing people's stimulus payments to pay their federal student loans, despite that. What about agent fees? Blake Oliver: [00:51:04] Uh, like 10.
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. trillion in loans to support the economy [link] - Federal Reserve 42:27 - Correction from Ep. It flipped.
So, how are these businesses gonna reopen if they can't bring people back to work because those people are sitting at home collecting fat checks? I spotted some data from CPA Trendlines, their research division. Retail rent collection plunges to 58 percent in April." Blake Oliver: [00:43:43] Wow. Now, I saw there's an article.
Meanwhile, the AICPA is protecting the CPA license from deregulation in West Virginia. sues Trump ally Roger Stone, alleging he owes about $2 million in unpaid taxes [link] 23:00 – Listener voicemail! Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad?
So, I'm also cross-referencing this with the CPA Trendlines analysis that they did. CPA Trendlines says that 6,610 tax, accounting, payroll, and bookkeeping firms, so far, received millions in SBA-PPP money. The AICPA had another one of their weekly webinars. Blake Oliver: [00:12:12] Yes. A lot of firms got PPP loans.
So, if you owe money to the IRS, they are suspending all of their collections activities. The IRS agents have been told by the director of the Collections Department for Small Business and Self-employed that they're gonna temporarily not collect. I've got a good one related to this.
Normally they do, but sometimes they can't collect because the merchant then goes out of business. There's actually a webinar this week with him talking about an update on the status of that conference in Florida. She's a CPA who joined FreshBooks, which is based in Toronto, about two months ago. They're out. It's frustrating.
They're gonna pause these collections notices while they work through their backlog. [00:19:21] That was causing a ton of confusion for tax preparers and for their clients. Sign this; send this in; we're done," right? David Leary: [00:31:33] Is it a problem with the CPA branding? It lets you collect your thoughts.
I did not because then I ended up taking that long arduous path to the CPA, but I'm curious to know if anyone out there is a certified public bookkeeper who's listening, and if you have any thoughts on that. There's some new numbers courtesy of CPA Trendlines about job levels in the accounting world broken down by different types of firms.
Blake Oliver: [00:10:37] The reason that the Trump administration is concerned with TikTok is because - and this is a legitimate concern - the app is owned by a Chinese company, and it aggressively collects data on American citizens, when you load TikTok. He can change, though, the collection date. There have been people who have said.
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