The Accounting Podcast

We're marching out of this month with a discussion on what Jeff Bezos' investment in Pilot (now valued at a cool $1.2 billion) means for you. We've got some random facts, figures, and philosophies on why the IRS has such a hard time collecting money, and also check out India's new requirement for audit trails on all GLs. We'll look at why Slack, and Zoom want to keep us engaged, even when the COVID dust settles, although Slack is backing off of direct connections across orgs, and we'll also talk about how firms prefer to communicate with clients and prospects. In app news, Xero acquires e-invoicing company Tickstar, and we've got news on raises for BQE, and ServiceTitan, and BaCo Tech's new patent. All this and maybe a bit more! Enjoy!

Show Notes

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Show Notes

2:07 - The pandemic made us all coworkers — whether we like it or not
https://www.msnbc.com/opinion/slack-s-new-dm-feature-proves-we-re-all-office-n1261983
 
3:00 - Slack’s walkback of its new DM feature is a sign of user power
https://www.marketplace.org/2021/03/25/slacks-walkback-of-its-new-dm-feature-is-a-sign-of-user-power/
 
3:38 - Zoom Wants You to Zoom Even When Using Other Companies’ Apps
https://www.wsj.com/articles/zoom-wants-you-to-zoom-even-when-using-other-companies-apps-11616419800
 
4:45 - SURVEY: Phone, Email Tied for Client Communication
https://cpatrendlines.com/2021/03/21/survey-phone-email-tied-for-client-communication/
 
9:05 - HR Tech Startup Ease Raises $41 Million To Help Small Businesses Better Support Their Employees
https://www.forbes.com/sites/kristinstoller/2021/03/25/hr-tech-startup-ease-raises-41-million-to-help-small-businesses-better-support-their-employees/
 
9:23 - Jeff Bezos-backed accounting start-up hits $1.2 billion valuation after new funding round
https://www.cnbc.com/2021/03/26/jeff-bezos-backed-start-up-pilot-hits-1point2-billion-valuation-.html
 
19:52 - It’s time to end re-authenticating every 90 days: Have your say | Xero Blog
https://www.xero.com/blog/2021/03/end-re-authenticating-every-90-days/
 
23:05 - Xero to acquire Tickstar to drive adoption of e-invoicing globally
https://www.xero.com/blog/2021/03/xero-driving-e-invoicing-adoption-globally/
 
Xero buys Swedish-based company Tickstar after Planbuy acquisition
https://www.theceomagazine.com/business/innovation-technology/xero/
 
25:45 - Mandatory audit trail of companies' accounts to curb backdate entries
https://www.businesstoday.in/current/economy-politics/mandatory-audit-trail-of-companies-accounts-to-curb-backdate-entries/story/434847.html
 
28:52 - Opinion | How to Collect $1.4 Trillion in Unpaid Taxes
https://www.nytimes.com/2021/03/20/opinion/sunday/unpaid-tax-evasion-IRS.html
 
31:20 - Richest 1% hide a fifth of their income from the IRS
https://www.accountingtoday.com/articles/richest-1-of-americans-hide-a-fifth-of-their-income-from-the-irs
 
31:27 - IRS failed to collect $2.4B in taxes from millionaires
https://www.accountingtoday.com/articles/irs-failed-to-collect-2-4b-in-taxes-from-millionaires
 
31:55 - IRS audits of millionaires plunged 72%
https://www.accountingtoday.com/news/irs-audits-of-millionaires-plunged-72-in-8-years
 
32:43 - IRS Has Recruiting Problems, Too
https://cpatrendlines.com/2021/02/25/irs-has-recruiting-problems-too/
 
34:56 - ServiceTitan, Software Provider For Tradespeople, Reaches $8.3 Billion Valuation
https://www.forbes.com/sites/alexkonrad/2021/03/26/servicetitan-software-provider-for-tradespeople-reaches-85-billion-valuation/
 
35:11 - BQE Software secures growth investment for accounting suite
https://www.accountingtoday.com/news/bqe-software-secures-growth-investment-for-accounting-suite
 
BQE Software Secures Significant Growth Investment from Serent Capital
https://www.businesswire.com/news/home/20210324005338/en/BQE-Software-Secures-Significant-Growth-Investment-from-Serent-Capital
 
36:01 - Dallas Tech Startup, BaCo Tech, Receives US Patent for CPA Firm Transaction-Based Workflow
https://www.businesswire.com/news/home/20210323005845/en/Dallas-Tech-Startup-BaCo-Tech-Receives-US-Patent-for-CPA-Firm-Transaction-Based-Workflow
 
37:12 – A review! Thank you, Adam CPA!


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. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040


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Creators & Guests

Host
Blake Oliver
Founder and CEO of Earmark CPE
Host
David Leary
President and Founder, Sombrero Apps Company

What is The Accounting Podcast?

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.