The Accounting Podcast

David Leary has a theory... that Donald Trump's tax cuts way back at the beginning of his presidency were ultimately what caused him to lose this election, and an Excel error leads to voter fraud accusations. In other news, we'll talk about why Walmart's abandoning shelf-scanning robots, how to double your client conversions, and just what Bill.com and Square earnings are telling us about the future of cloud accounting. In PPP news, we'll discuss how a judge ordered the SBA to reveal PPP loan data it sought to obscure, while evidence of PPP fraud mounts. We'll also talk about the income tax surprise waiting for remote workers in 2021, and why California fined KPMG $1.3M for cheating scandal. All this and more, right now!

Show Notes

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Show Notes 

07:37 – No, Biden did not receive thousands of mysteriously surfaced votes in Michigan
https://www.politifact.com/factchecks/2020/nov/04/tweets/no-biden-did-not-receive-thousands-mysteriously-su/

10:02 – Meet the Excel warriors saving the world from spreadsheet disaster
https://www.wired.co.uk/article/spreadsheet-excel-errors

11:20 – It's time for the Leary Theory on How Trump Lost

13:46 – 691,145 Californians left last year: What state did they go to? – Orange County Register
https://www.ocregister.com/691145-californians-left-last-year-what-state-did-they-go-to

13:54 – Where to Move from California in 2018: Top 10 Places Californians Move - TSI Moving
https://www.tsishipping.com/blog/moving/top-10-places-californians-now-call-home-2018

16:20 – Judge orders Trump administration to reveal PPP loan data it sought to obscure
https://www.nbcnews.com/business/business-news/judge-orders-trump-administration-reveal-ppp-loan-data-it-sought-n1246792

19:05 – Evidence of PPP Fraud Mounts, Officials Say
https://www.wsj.com/articles/ppp-was-a-fraudster-free-for-all-investigators-say-11604832072

20:33 – Walmart abandons shelf-scanning robots, lets humans do work
https://www.foxbusiness.com/technology/walmart-abandons-shelf-scanning-robots-lets-humans-do-work

22:28 –  If you worked remotely due to Covid-19, a state tax surprise could be coming
https://www.cnbc.com/2020/11/06/if-you-worked-remotely-due-to-covid-19-a-state-tax-surprise-could-be-coming.html

26:42 – How one simple Zapier workflow created a multimillion-dollar business https://zapier.com/blog/how-zapier-helped-create-bonjoro/

28:14 – How to Get Accounting Clients in a Changing World
https://futurefirm.co/how-to-get-accounting-clients/

30:59 – Acuity Launches Accounts Receivable Services as Standalone Service
https://acuity.co/accounts-receivable-services/

36:00 – California accounting board fines KPMG $1.3M for cheating scandal
https://www.complianceweek.com/regulatory-enforcement/california-accounting-board-fines-kpmg-13m-for-cheating-scandal/29683.article

38:16 – Bill.com tops earnings expectations as more small businesses get back to work, but stimulus questions linger
https://www.marketwatch.com/story/bill-com-tops-earnings-expectations-as-more-small-businesses-get-back-to-work-but-stimulus-questions-linger-11604628670

39:50 – Square stock soars after earnings 'beat by a mile,' analysts applaud growth in Cash App
https://www.cnbc.com/2020/11/06/square-stock-soars-after-massive-earnings-beat-helped-by-cash-app-.html 

45:13 – Customise your chart of accounts templates in Xero HQ
https://www.xero.com/blog/2020/11/customise-chart-of-accounts-templates-in-xero-hq/

47:06 – Does Your Firm Have a Clear Vision for Hosting: Public Cloud, Private Cloud, SaaS
https://www.cpapracticeadvisor.com/firm-management/article/21157787/does-your-firm-have-a-clear-vision-for-hosting-public-cloud-private-cloud-saas

48:57 – Osome Banks On $3M For Accounting ‘Super App’
https://news.crunchbase.com/news/osome-banks-on-3m-for-accounting-super-app/

52:40 – Lightspeed To Buy ShopKeep For $440M
https://www.pymnts.com/news/partnerships-acquisitions/2020/lightspeed-buy-shopkeep-advance-pos/

54:00 – NerdWallet Acquires SMB Finance Platform Fundera
https://www.pymnts.com/news/partnerships-acquisitions/2020/nerdwallet-acquires-smb-finance-platform-fundera/
 
55:25 – A Review! – Thank you, Joe Pavone! 

57:09 – Last, but definitely not least, this is our 200th Episode!🎉👏😁

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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 and 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 most authoritative voice in accounting news. Every week, Blake Oliver and David Leary break down the stories reshaping the profession — AI, the Big Four, firm M&A, audit failures, and the talent crisis — with analysis you won't get from the trade press. Earn free NASBA-approved CPE just for listening, with the Earmark app.