The Accounting Podcast By cover art

The Accounting Podcast

By: Blake Oliver & David Leary
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  • Summary

  • 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.
    © 2023 Earmark Media LLC
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Episodes
  • Google Blames Accounting Layoffs on AI

    Google Blames Accounting Layoffs on AI
    Apr 25 2024
    Blake and David take a dive into Google's decision to offshore accounting jobs to Mexico and India, which Google’s CFO claims is necessary to free up resources to invest in AI. They also discuss the stagnation of CPA salaries despite a shortage of talent. The conversation touches on a variety of other topics, including the modernization of the IRS, the future of the CPA profession, and advice for young accountants looking to carve their own career paths in a rapidly changing industry.Sponsors Relay - http://accountingpodcast.promo/relay Zoho - http://accountingpodcast.promo/zohoKeeper - http://accountingpodcast.promo/keeperSettle - http://accountingpodcast.promo/settleChapters(05:53) - Blake reads some tweets about hours people are working during busy season (10:52) - Unlimited PTO is worse for employees (13:22) - College degrees aren't necessary for success (20:24) - Florida creates retired CPA status (23:35) - Listener mail on the 150-hour rule and salaries (29:16) - Update on Boston's commercial real estate woes (33:48) - Why office rent prices are still so high (43:10) - Some encouraging IRS news (48:27) - Internal audit reveals 279 former IRS employees or contractors still had access to logins (52:12) - Offshoring can be good or bad (54:04) - Setting a limit on billable hours (55:50) - Let accounting firms decide what requirements accountants need (58:08) - The rise of the "remote partner" (01:04:00) - Wrap up and Earmark now has a web browser version Show NotesGoogle restructures finance team as part of AI shift, CFO tells employees in memohttps://www.cnbc.com/2024/04/17/google-restructures-finance-team-as-a-part-of-ai-shift-cfo-tells-employees-in-memo.html Josh Youngblood, EA didn’t work over 40 hours per week in tax seasonhttps://x.com/joshyoungblood/status/1779858374403747847?s=12 Skills-Based Hiring Can Shred the Paper Ceiling | BCGhttps://www.bcg.com/capabilities/diversity-inclusion/expert-insights/skill-based-hiring-can-shred-paper-ceiling The Office Market Is in Turmoil. So Why Are Rents More Expensive? – WSJhttps://www.wsj.com/real-estate/commercial/the-office-market-is-in-turmoil-so-why-are-rents-more-expensive-d096f961?st=9ieavh5j7ep3wcw Florida Legislature Passes Bill Creating New Retired CPA Status | Florida Institute of CPAshttps://www.ficpa.org/publication/florida-legislature-passes-bill-creating-new-retired-cpa-status Kyle J. Bauman, CPA on X: "“Unlimited PTO” “Only 2100 Hours”https://twitter.com/kjb_cpa/status/1763595505928442248 62% of Americans Lack a College Degree. Can They Solve the Labor Shortage?https://www.wsj.com/lifestyle/careers/employers-open-more-doors-to-workers-without-degrees-but-few-are-getting-in-732f1098 Senior Leaders Nearly Twice as Likely To Receive AI Resources as Junior Staff | CFOhttps://www.cfo.com/news/senior-leaders-are-nearly-twice-as-likely-to-receive-ai-guidance/707230/ IRS didn't remove contractors' access to sensitive information | Accounting Todayhttps://www.accountingtoday.com/news/irs-didnt-remove-contractors-access-to-sensitive-information Boston mulls commercial tax hike https://www.accountingtoday.com/articles/boston-mulls-commercial-tax-hike-to-counter-office-market-slump IRS Commissioner Delivers End Of Tax Filing Season Message Touting Improvementshttps://www.forbes.com/sites/kellyphillipserb/2024/04/15/irs-commissioner-delivers-end-of-tax-filing-season-message-touting-improvements/ Florida Creates New Status for Retired CPAs in the State https://www.cpapracticeadvisor.com/2024/04/15/florida-creates-new-status-for-retired-cpas-in-the-state/103983/ Treasury cash balance jumps most in 2 years as tax payments risehttps://www.accountingtoday.com/articles/treasury-cash-balance-jumps-most-in-2-years-as-tax-payments-rise The rise of the remote accounting firm partner https://www.accountingtoday.com/news/the-rise-of-the-remote-accounting-firm-partner Werfel sees IRS budget request yielding $341B in extra revenuehttps://www.cfodive.com/news/werfel-sees-irs-budget-request-yielding-341b-extra-revenue-tax-taxation-enforcement/713534/ Google restructures finance team as part of AI shift, CFO tells employees in memohttps://www.cnbc.com/2024/04/17/google-restructures-finance-team-as-a-part-of-ai-shift-cfo-tells-employees-in-memo.html Despite moratorium, IRS gets 20,000 ERC claims weekly, Werfel sayshttps://www.journalofaccountancy.com/news/2024/apr/despite-moratorium-irs-gets-20000-erc-claims-weekly-werfel-says.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.com...
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    1 hr and 11 mins
  • Remote Accountants Get Paid Less

    Remote Accountants Get Paid Less
    Apr 19 2024
    Blake 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 future of work organization inspired by Bill Anderson, CEO of Bayer, and discuss the potential impact of AI on the accounting profession, the accuracy of AI-related surveys, and the misrepresentation of AI capabilities in recent news headlines.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Uncat - http://accountingpodcast.promo/uncatEarmark - https://earmark.appSettle - http://accountingpodcast.promo/settleChapters(00:34) - Will accountants soon earn overtime pay? (04:57) - Listener writes in about their own audit experience at a Top-30 firm (08:14) - Trump's Truth Social audit update (14:44) - PCAOB proposed audit metrics (20:44) - 71% of Big 4 auditors worry about mental health (23:27) - Blake shares a clip from new Bayer CEO (33:48) - H&R Block employees prefer remote work (38:14) - Remote accountants get paid less (39:35) - Executives and managers perceive in-office workers as higher performers (42:06) - The four day work week is becoming more common (45:27) - Cody writes in about Big 4 vs industry (47:09) - Hannah asks about outsourcing and offshoring costs (49:59) - Amazon Fresh stores were using Indian employees for "just walk out" tech (55:22) - Shohei Ohtani's translator charged in sports gambling case (58:14) - Accounting Today wrongly claims accountants are saving 30 hours a week on average using AI (01:01:34) - Blake shares a clip from the All In podcast on the future of AI (01:04:48) - Is it time for a new ERP system? (01:07:47) - Thanks for listening and remember to subscribe Show Notes71% of Big 4 Auditors Worry About Mental Health | CFO https://www.cfo.com/news/71-of-big-4-auditors-worry-about-mental-health/712063/ Will Getting Rid of Bosses Fix the Workplace? - The Journal. - WSJ Podcastshttps://www.wsj.com/podcasts/the-journal/will-getting-rid-of-bosses-fix-the-workplace/fc0d31d3-2d08-441e-abd8-d77b660fe258 59% of accountants use AI to save about 30 hours a week on tasks | Accounting Todayhttps://www.accountingtoday.com/news/59-of-accountants-use-ai-to-save-about-30-hours-a-week-on-tasks Y Combinator wants to fund new enterprise resource planning (ERP) software"https://www.instagram.com/reel/C3-zHmOIqbI/?igsh=dTMxMDBjNGg3a2p0 Ohtani translator charged with stealing millions for 19,000 bets | Accounting Todayhttps://www.accountingtoday.com/articles/ohtani-translator-charged-with-stealing-millions-for-19-000-bets KPMG Fined Record $25 Million in Exam-Cheating Scandal – WSJhttps://www.wsj.com/articles/kpmg-fined-25-million-over-alleged-netherlands-exam-cheating-a4dcba2a?st=yl6xiqm8nh6gug8 Botkeeper Infinite replaces outsourcing with more AI to help firms automate | Accounting Todayhttps://www.accountingtoday.com/news/botkeeper-infinite-replaces-outsourcing-with-more-ai-to-help-firms-automate More Companies Adopt 4-Day Work Week - CPA Practice Advisor https://www.cpapracticeadvisor.com/2024/03/27/more-companies-adopt-4-day-work-week/103199/ When Layoffs Happen, Remote Workers Are Hardest Hit - WSJ https://www.wsj.com/lifestyle/careers/layoffs-remote-work-data-980ed59d?reflink=integratedwebview_share Does Working from Home Boost Productivity Growth? | San Francisco Fed https://www.frbsf.org/economic-research/publications/economic-letter/2024/january/does-working-from-home-boost-productivity-growth/Trump Media's Accounting Firm Has Audit Deficiency History https://finance.yahoo.com/news/trump-media-accounting-firm-history-150150627.html Amazon's Just Walk Out Actually Uses 1,000 People in Indiahttps://www.businessinsider.com/amazons-just-walk-out-actually-1-000-people-in-india-2024-4 PCAOB Wallops KPMG Netherlands With Record $25M Fine For Exam Cheatinghttps://www.cpapracticeadvisor.com/2024/04/10/pcaob-wallops-kpmg-in-the-netherlands-with-25-million-fine-for-exam-cheating/103803/ PCAOB crackdown shifting to focus on auditing firmshttps://www.accountingtoday.com/news/pcaob-crackdown-shifting-to-focus-on-auditing-firms PCAOB Proposal Would Require Audit Firms to Disclose a Variety of Metricshttps://www.cpapracticeadvisor.com/2024/04/10/pcaob-issues-proposal-requiring-audit-firms-to-disclose-variety-of-metrics/103758/ PCAOB proposals call for firms to disclose more about themselveshttps://www.journalofaccountancy.com/news/2024/apr/pcaob-proposals-call-firms-to-disclose-more-about-themselves.html Only 48% of accounting, consulting, legal, and private capital professionals have used AI tools at work despite near ...
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    1 hr and 10 mins
  • Delivering Nuclear Value in Accounting

    Delivering Nuclear Value in Accounting
    Apr 15 2024

    Joe 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 offering unique, high-value services like controllership and financial planning to stand out from commoditized offerings and command premium prices.

    Meet Our Guest, Joe Woodard

    LinkedIn: https://www.linkedin.com/in/quickbooksadvisor
    Twitter: https://twitter.com/joewoodard


    Learn more about Woodard

    Website: http://www.woodard.com

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    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe 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.


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    Transcripts

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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    30 mins
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The Must-Listen-To Podcast 4 Accountants

Love listening to David Leary and Blake Oliver's podcast. Super relevant and always interesting. Having their fingers on the pulse of the accounting industry, they bring current accounting news to listeners in a great format and engaging conversation. Happy to see them on Audible!

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