David trades his lottery winnings for Bitcoin - will he be the next zillionaire? 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. We're also examining how to take control of your calendar in busy season, and what CPAs would do if they had more time. In app news, we ponder ...

Rachel Fisch returns to the show to discuss Deloitte Canada's sale of its small business accounting services practice to MNP, Canadian quarantine rules, and much more. We're also reviewing EY's Super Bowl ad, learning about unemployment fraud, and a new e-file identity theft scam tax preparers need to know about, as well as PPP bottlenecks at the SBA. We'll get some app news about Rippling, and PayZen, and updates o...

BNY Mellon, America's oldest bank, is making the leap into the market for Bitcoin. Meanwhile, Tesla has bought $1.5 billion in Bitcoin at the direction of Elon Musk, who says that he expects Tesla to also begin accepting payment in cryptocurrency in the future. It appears that Bitcoin and cryptocurrency are going mainstream. Is this the next big bubble, or the dawn of a new asset class? Shehan Chandrasekera, Head of Strategy fo...

Join us as we talk about all the terrible financial advice on social media, and why we should do something about it! Also, let's do something about diversity in accounting, which is, frankly, terrible. In app news, lots from Intuit and QuickBooks this week. 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 e...

This episode is packed with news, and opinions, and more GameStop factoids than you can possibly use! We'll learn why Blake sympathizes with r/wallstreetbets, then move on to updates, and listener views on the multi-week Sage South Africa outage leads to massive discontent. In App News, Melio and Pilot raise big rounds, CheckHQ could be disrupting an industry with "payroll as an API," and we've got some QuickBooks ...

Welcome to our 100-percent PPP-free episode! We've got lots of other news to cover though, including a new survey proves that remote work is more productive for accounting firms, which makes it all the more astounding that it took a global pandemic to make working from home the norm in this profession. Also, Sage Business Cloud suffered a multi-day outage in South Africa, Biden's financial watchdogs set new targets, Syndio ...

We've got a lot to talk about today. First and foremost, Blake gets his PPP loan forgiveness (and feels guilty about it), and we'll talk more on the forgiveness process. In M&A news, the Department of Justice convinces Visa and Plaid their merger is just not meant to be. In the political realm, payment, and marketplace platforms, such as Stripe and Shopify "cancel" Trump. There's a plethora of app-related ne...

We hope you're enjoying your extended free trial of 2021! We've got lots of news to share in today's episode, including how Big 4 leaders reacted to the Capitol riot, and some tips and tricks on how to avoid being de-platformed (like a certain president). Plus, there's more news on the kickoff of PPP 2.0, stimulus payment issues, agent fees, and such. In app news, we'll talk about Pennylane's fundraising to...

Whether you're starting a new year, or just continuing 2020 indefinitely, we've got new news, including Blake's quest to find out how to offer CPE credits for our loyal U.S. listeners! We're talking a $2 billion tax fraud, and the Treasury's claim of no evidence to suggest taxpayer data was stolen in IRS hack, along with some stories of PPP winners and losers, and how the NASBA offices narrowly avoided the Nashv...

Grab your party favors, confetti, and tinfoil, it's time to look back, and move forward! Blake and David review their past predictions and make some new ones for 2021. Also, a survey reveals that the majority of bookkeepers now offer AP services, and another survey suggests the remote work method is here to stay, post-pandemic, along with more discussion on state income taxes. In app news, Zoom phones in text messaging support ...

CAP NEWS EXCLUSIVE: LegalZoom has purchased an accounting firm and is growing it with bookkeeping, tax, and onboarding hires in Austin, Texas. With recent executive hires from Intuit, it seems clear that LegalZoom is intent on building a tax and accounting services business that could very well compete with your firm. David and Blake have the details. Also in this episode: How Bob Dylan’s catalog sale highlights a tax advantage for...

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. There's a plethora of app news, including some details on Oracle's move to Austin, how Square is "Cash"-ing in on clothing, BQE's partnership with AffiniPay, and more talk about fintech, including how Revolut quietly broke even...

Ho-ho-ho ... Can't figure out what to buy that special accountant in your life? We've got a list of great gifts for the remote workers in your life! In all the news that matters, we've got a ton of PPP news, including the release of PPP loan data. In the world of fraud, you'll learn how virtual escape rooms help train employees to catch fraud and avoid scams, and we'll talk about the QuickBooks phishing email yo...

If you survived Black Friday and Cyber Monday, you can relax and enjoy the soothing sounds of Cloud Accounting news while you recover! There's a lot to cover, including Salesforce's potential Slack acquisition, how virtual HQs are racing to win over a remote work fatigued market, and what happens now that Intuit has won U.S. approval for purchase of Credit Karma. We'll also examine Expensify's $100 million in annual...

Happy Almost Thanksgiving! Before we stuff ourselves senseless on socially distanced turkey, we're talking remote work, and compensation for all those work-from-home expenses. We'll also discuss why women are less likely than men to feel fairly compensated for those expenses. 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 o...

With the holidays fast approaching, we talk about new ways to celebrate, at a healthy distance, of course. Inspired by feedback from Leary's theory on why Trump lost, we dive deep into the reasons, and logic behind it. Looking for some great practice management ideas for winning millennial clients? We've got 11 from Ryan Lazanis, founder of FutureFirm. In app news, we talk about how NetSuite's debut of an accounting pa...