The Accounting Podcast

Today, in news of the less-than-intelligent, we're talking about how someone's meticulous bookkeeping skills may lead to the downfall of the Trump Organization CFO. We're also discussing an analysis of the Biden tax plan, and qualities that make a good accounting firm partner. Meanwhile, not shockingly, cash payments dropped during the pandemic. In app news, Gusto makes its second acquisition, and algorithms at Chime and Amazon are doing not-very-nice things to regular people. All this and more, right here, right now!

Show Notes

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Show Notes
 
4:48 – Trump Organization Is Charged With Running 15-Year Employee Tax Scheme
https://www.pymnts.com/news/investment-tracker/2021/bolt-seeking-300m-in-next-fundraising-round/
 
13:35 – June Job Report? 
Employers added 850K jobs in June, including 2.8K in accounting
https://www.accountingtoday.com/news/employers-added-850k-jobs-in-june-including-2-8k-in-accounting
 
13:50– U.S. Job Openings Hit Record 9.2M in May
https://www.newsbreak.com/news/2303009196462/u-s-job-openings-hit-record-9-2m-in-may
 
16:37 – SBA to Drop Its Review of PPP Loans of $2 Million and Above
https://www.inc.com/diana-ransom/small-business-administration-ppp-loan-necessity-questionnaire.html
 
19:45 – Biden Plan’s Higher Taxation of Businesses Would Boost Collections to Highest in 40-Plus Years
https://taxfoundation.org/biden-business-tax-collections/
 
23:09 – Art of Accounting: Qualities that make someone a partner
https://www.accountingtoday.com/opinion/art-of-accounting-qualities-that-make-someone-a-partner
 
25:48 – When Money Is No Object
https://www.wsj.com/articles/when-money-is-no-object-11625839202
 
29:48 – SURVEY: CPA Firms Reject Staff Vaccine Mandates
https://cpatrendlines.com/2021/07/07/survey-hybrid-of-remote-and-on-site-work-is-here-to-stay/
 
31:30 – EisnerAmper adds tech firm
https://www.accountingtoday.com/news/eisneramper-adds-tech-firm-zentek-data-systems
 
33:35 – Sage X3 software vulnerability found, addressed
https://www.accountingtoday.com/news/sage-x3-software-vulnerability-found-addressed
 
35:29 – Paycom Launches Beti, an Industry-First Employee-Driven Payroll Solution
https://www.businesswire.com/news/home/20210706005447/en/Paycom-Launches-Beti-an-Industry-First-Employee-Driven-Payroll-Solution
 
38:59 – Welcoming Symmetry to Gusto
https://gusto.com/company-news/welcoming-symmetry-to-gusto
 
44:38 – New & Improved in FreshBooks: Recurring Revenue Widget, Reply-To Emails, and More
https://www.freshbooks.com/blog/product-updates-june-2021
 
45:36 – Liberty Tax acquired by NextPoint
 https://www.accountingtoday.com/news/liberty-tax-acquired-by-nextpoint
 
47:45 – PSA: Chime Banking App Is Closing Accounts and Withholding Peoples’ Money
https://www.reviewgeek.com/91482/psa-chime-banking-app-is-closing-accounts-and-withholding-peoples-money/
 
A Banking App Has Been Suddenly Closing Accounts, Sometimes Not Returning Customers’ Money — ProPublica
https://www.propublica.org/article/chime
 
51:52 – Fired by Bot at Amazon: ‘It’s You Against the Machine’
https://www.bloomberg.com/news/features/2021-06-28/fired-by-bot-amazon-turns-to-machine-managers-and-workers-are-losing-out
 
53:40 – Quote: “All your automated processes should start with a human interaction and end with a human interaction” 


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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 & 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.