Every App Wants A Slice Of The Payroll Pie

We're covering all the bases today, from how Congress wants to regulate tax preparers, and why the Taxpayer Advocate again bemoans IRS service levels. In app news, Gusto is opening up payroll to other apps via their API, and we've got Xero updates for July, moves by ServiceTitan, and LegalZoom, and Canopy's latest $$$ raise. We'll marvel at how two companies managed to dominate PPP lending, and we'll get into the Robinhood-FINRA settlement and what it means for the future of the investment app. In other news, accountants are more likely to return to the office, even though most employees say they have too many meetings. We'll also talk about Colorado's new law that's causing trouble for workers seeking remote positions in that state. Grab a piece of real pie, and listen in!

Show Notes

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Show Notes

2:49 – Blake and David talk high-tech dining

 

10:00 – A listener voicemail about the CPA get/not get issue! Thanks, Byron! 

 

16:54 – Proposed bill to regulate tax preparers has AICPA support - Journal of Accountancy
https://www.journalofaccountancy.com/news/2021/jun/proposed-bill-to-regulate-tax-preparers-has-aicpa-support.html

 

19:41 – Taxpayer Advocate prods IRS to improve service, reduce backlog

https://www.accountingtoday.com/news/taxpayer-advocate-prods-irs-to-improve-service-reduce-backlog

 

21:43 ­– Why call the IRS when you call us and tell us your CPA and IRS troubles? We guarantee you’ll have a better chance of us hearing you than if you called the IRS! [phone]

 

22:18 – Gusto is now offering pieces of its service to other companies via API – TechCrunch

https://techcrunch.com/2021/06/30/2171608/

 

22:55 – Gusto Embedded Payroll
https://gusto.com/embedded-payroll/

 

26:13 – Intuit to Share Payroll Data from 1.4M Small Businesses With Equifax
https://krebsonsecurity.com/2021/07/intuit-to-share-payroll-data-from-1-4m-small-businesses-with-equifax/

 

31:20 – Latest product news – July 2021

https://www.xero.com/blog/2021/07/latest-product-news-july-2021/

 

33:05 – ServiceTitan acquires Aspire to move into landscaping, raises $200M at a $9.5B valuation – TechCrunch
https://techcrunch.com/2021/06/30/servicetitan-acquires-aspire-to-move-into-landscaping-raises-200m-at-a-9-5b-valuation/

 

35:58 – Slice Launches Pizzeria Payment Platform
https://www.pymnts.com/restaurant-innovation/2021/fintech-goes-niche-with-slice-pizzeria-payment-platform/

 

36:48 – Slice Is Giving 50 Winners $500 & Free Pizza for a Year
https://www.thrillist.com/news/nation/slice-app-giving-free-pizza-for-a-year

 

37:35 – LegalZoom shares jump 35% in market debut; CEO sees further opportunity in online legal services
https://www.cnbc.com/2021/06/30/legalzoom-debuted-up-30percent-ceo-sells-further-push-into-digital-market.html

 

38:22 – Canopy scores $11M in funding for tax practice management software

https://www.accountingtoday.com/news/canopy-scores-11m-in-funding-for-tax-practice-management-software

 

42:07 – How Two Start-ups Made a Fortune in Fees on P.P.P. Loans - The New York Times
https://www.nytimes.com/2021/06/27/business/ppp-relief-loans-blueacorn-womply.html

 

45:07 – Robinhood to Pay $70M to Settle FINRA Probe

https://www.cfo.com/regulation/2021/06/robinhood-to-pay-70m-to-settle-finra-probe/

 

46:48 – Squarespace Survey Reveals Gen Z Find Digital Life More Important And Memorable Than In-Person Life

https://newsroom.squarespace.com/blog/squarespace-survey-reveals-genz

 

48:34 – Accountants more likely to return to offices than others: Study

https://www.accountingtoday.com/list/accountants-more-likely-to-return-to-offices-than-other-businesses-study

 

49:30 – Do Chance Meetings at the Office Boost Innovation? There’s No Evidence of It.

https://www.nytimes.com/2021/06/23/upshot/remote-work-innovation-office.html

 

51:03 – 56% of Employees Believe Too Many Meetings Affecting Job Performance
https://smallbiztrends.com/2021/07/meetings-affecting-job-performance.html

 
55:14 – Melio Selects Colorado to Power its Explosive U.S. Growth | Colorado Office of Economic Development and International Trade
https://oedit.colorado.gov/press-release/melio-selects-colorado-to-power-its-explosive-us-growth

 

55:32 – Many Companies Want Remote Workers—Except From Colorado

https://www.wsj.com/articles/many-companies-want-remote-workersexcept-from-colorado-11623937649

Get in Touch

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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.