The Accounting Podcast

The Accounting Podcast Trailer Bonus Episode 263 Season 1

Crypto is a Scam

Crypto is a ScamCrypto is a Scam

00:00

Blake divulges the many reasons why he's not at all bullish on Bitcoin, or stablecoins, and then discover why he's been wearing a ballcap lately, and what peeves him most about accounting firm billing practices. In other news, the IRS has adopted a third-party ID tool to add, maybe, an extra layer of security, all the while, the identity thieves are taking advantage of those convenient QR codes on tax bills to do their dirty work. We'll also talk about H&R Block's latest news - the "Block" bank, and how Israeli tax startup April is planning to corner the market with their recent cash infusion. All this, and more, right now!

Show Notes

Sponsors

a2X:
https://cloudaccountingpodcast.promo/A2X
Relay: https://cloudaccountingpodcast.promo/relay
Synder: https://cloudaccountingpodcast.promo/synder

Need CPE? 

Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com
Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe


Show Notes

01:37 – FBI says crooks are using fake QR codes to steal money
https://www.cnn.com/2022/01/19/politics/fbi-qr-codes-cybercrime/index.html
 
06:31 – Managers are now quitting during busy season: what is going on? 
https://www.reddit.com/r/Accounting/comments/s8nq0r/managers_are_now_quitting_during_busy_season_what/
 
06:55 – You Quit. I Quit. We All Quit. And It’s Not a Coincidence.
https://www.nytimes.com/2022/01/21/business/quitting-contagious.html
 
Great Resignation repositions accountants
https://www.accountingtoday.com/news/great-resignation-repositions-accountants
 
08:23 – Blake gets an Oculus! 
 
13:02 – Cryptocurrency Is a Giant Ponzi Scheme 
https://jacobinmag.com/2022/01/cryptocurrency-scam-blockchain-bitcoin-economy-decentralization
 
18:45 – Crypto Mystery: Where’s the $69 Billion Backing the Stablecoin Tether? – Bloomberg
https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether
 
28:10 – MicroStrategy Plummets as SEC Rejects Its Bitcoin Accounting (3)
https://news.bloombergtax.com/financial-accounting/sec-rejects-microstrategys-bitcoin-accounting-strategy
 
34:00 – Fed opens debate over a U.S. central bank digital currency with long-awaited report.
https://www.nytimes.com/2022/01/20/business/fed-digital-currency.html?referringSource=articleShare
 
Crypto firms gear up for battles over new rules in Washington | Accounting Today
https://www.accountingtoday.com/articles/crypto-firms-gear-up-for-battles-over-new-rules-in-washington
 
35:06 – Eric Adams, a Bitcoin Booster, Is Taking First Paycheck in Crypto
https://www.nytimes.com/2022/01/20/nyregion/eric-adams-bitcoin-cryptocurrency.html
 
35:51 – IRS begins requiring new ID system for accessing online accounts | Accounting Today
https://www.accountingtoday.com/news/irs-begins-requiring-new-id-system-for-accessing-online-accounts
 
IRS will require taxpayers to sign up with ID.me to access their online accounts
https://www.cbsnews.com/news/irs-tax-file-2022-id-me/
 
40:37 – H&R Block launches the challenger bank it teased last year | Accounting Today
https://www.americanbanker.com/news/h-r-block-launches-the-challenger-bank-it-teased-last-year
 
41:30 – Digital Bank Chime Looks to Go Public With $40B IPO
https://www.pymnts.com/news/ipo/2022/digital-bank-chime-looks-to-go-public-with-40b-ipo/
 
41:51 – NetSuite Cash 360 Helps Organizations Effectively Manage Cash Flow | NetSuite
https://www.netsuite.com/portal/company/newsroom/netsuite-cash-360-helps-organizations-effectively-manage-cash-flow.shtml
 
43:05 – HoneyBook, jaris Team on Managing Client, Cash Flow
https://www.pymnts.com/partnerships/2022/honeybook-jaris-team-on-managing-client-cash-flow/
 
43:42 – AI-powered tax platform April launches after $10M seed round | Accounting Today
https://www.accountingtoday.com/news/ai-powered-tax-platform-april-launches-after-10m-seed-round
 
Israeli startup April raises $10 million in Seed funding for U.S tax platform
https://m.calcalistech.com/Article.aspx?guid=3927452
 
48:02 – When it comes to billing clients, what is your current process?
https://twitter.com/ignitionapp/status/1483481623916351492?s=12
 
53:10 – Tally Street is now part of Rootworks
https://tallystreet.com/2022/tally-street-rootworks/



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


Need Accounting Conference Info? 

Check out our new website - accountingconferences.com


Limited edition shirts, stickers, and other necessities

TeePublic Store: http://cloudacctpod.link/merch


Subscribe

Classifieds

Oh My Fraud: A True Crime Podcast for Accountants: ohmyfraud.com
Accounting Podcast Network: https://accountingpodcastnetwork.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? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.

Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd 

Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

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.