The Accounting Podcast

The Accounting Podcast Trailer Bonus Episode 258 Season 1

How To Stop Intuit From Hiring Your Staff

How To Stop Intuit From Hiring Your StaffHow To Stop Intuit From Hiring Your Staff

00:00

Nipping at the heels of Christmas, we've got a proverbial sleigh full of news, from partnerships, raises, and updates, to discussions about SMB payments, the speed of ACH, and a review! We'll also break down the story of the attack on Kronos that is causing payment delays for its staff, and take a look at Intuit's (maybe not so new) approach to poaching employees straight out of their current firms. We've got a plethora of app updates, as well as a look at what FloQast intends to do with its new studio. Sing a Yuletide carol, hang a stocking, then grab a Christmas cookie or five, and have a listen!

Show Notes

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Show Notes

01:18 – David’s early Christmas present  - interns! 

04:03 – Blake’s early Christmas present – Earmark is almost live! 

04:55 – Some Kronos Customers Face Payroll, Scheduling Disruptions From Hack – CFO
https://www.cfo.com/cyber-security-technology/2021/12/firms-face-disruption-from-kronos-hack/
 
Cyberattack on Payroll Provider Sets Off Scramble Ahead of Holidays
https://www.wsj.com/articles/cyberattack-on-payroll-provider-sets-off-scramble-ahead-of-holidays-11639778286?mod=flipboard
 
06:04 – Kronos Warns Cyberattack May Knock HR Software Offline for Weeks
https://www.bloomberg.com/news/articles/2021-12-14/kronos-warns-cyberattack-may-knock-hr-software-offline-for-weeks
 
06:23 – Communications sent to impacted Kronos Private Cloud (KPC) customers beginning December, 13 at 12:45AM ET
https://community.kronos.com/s/feed/0D54M00004wJKHiSAO?language=en_US
 
More Kronos reading: 
 
Payroll Service Kronos Offline After Ransomware Attack
https://www.pymnts.com/cybersecurity/2021/payroll-service-kronos-offline-after-ransomware-attack/
 
Kronos Security
https://www.kronos.com/security?utm_source=pocket_mylist
 
Jonathan Feldman Tweet
https://twitter.com/_jfeldman/status/1470372667236618240
 
12:27 – Update on Hubdoc fetch
https://www.xero.com/blog/2021/12/hubdoc-importing-docs-changing/
 
16:08 – H&R Block is suing Block, formerly Square, over its new name
https://www.theverge.com/2021/12/17/22841182/square-block-hr-block-trademark-lawsuit-jack-dorsey
 
H&R Block sues Square to drop the name 'Block' | PaymentsSource | Accounting Today
https://www.accountingtoday.com/payments/news/h-r-block-sues-square-to-drop-the-name-block
 
22:07 – Just 30% of SMBs Have Taken Steps to Automate AP | PYMNTS.com
https://www.pymnts.com/news/b2b-payments/2021/30-percent-smbs-automate-ap-processes/
 
22:53 – Even Same-Day ACH Too Slow for Consumers as Instant Payouts Rewrite the Rules
https://www.pymnts.com/news/faster-payments/2021/same-day-ach-too-slow-consumers-instant-payouts-rewrite-rules/
 
23:33 – Jan Roberg Tweet
https://twitter.com/RobergTax/status/1470811448133795852
 
Intuit is going after your staff for TurboTax Live
https://twitter.com/davidleary/status/1471085593794805761?s=20
 
27:37 – Intuit’s culture of positivity and inclusion enables tax and bookkeeping experts to help consumers and small businesses in navigating stressful financial decisions
https://www.efinancialcareers.com/news/2021/12/intuits-culture-of-positivity-and-inclusion-enables-tax-and-bookkeeping-experts-to-help-consumers-and-small-businesses-in-navigating-stressful-financial-decisions-sc
 
30:09 – No time off policy             
https://twitter.com/brianwolfe6/status/1466030268230348807?s=12

 
33:08 – FloQast opens entertainment studio, teases upcoming accountant comedy series | Accounting Today       
https://www.accountingtoday.com/news/floqast-opens-entertainment-studio-teases-upcoming-accountant-comedy-series

 
38:27 – At tech company Expensify, workers vote on each other's pay raises
https://www.cbsnews.com/news/expensify-employee-wages-vote-raises/

 
44:50 – DiviPay Gets $20M in Series A Round
https://www.pymnts.com/news/investment-tracker/2021/divipay-gets-20m-in-series-a-round/
 
45:48 – OakNorth deepens support for SMEs with its first acquisition – and says there will be more
https://www.oaknorth.co.uk/oaknorth-in-the-news/oaknorth-deepens-support-for-smes-with-its-first-acquisition-and-says-there-will-be-more/
 
46:21 – Affirm spinout Resolve raises $25M in Insight Partners-led round to grow B2B buy now, pay later offering
https://techcrunch.com/2021/12/09/affirm-spinout-resolve-raises-25m-in-insight-partners-led-round-to-grow-b2b-buy-now-pay-later-offering/
 
46:51 – Built Technologies Debuts Built Pay Digital Payment Solution
https://www.pymnts.com/news/b2b-payments/2021/built-technologies-debuts-built-pay-digital-payment-solution/
  
47:22 – Software start-up Airtable hits $11 billion valuation in latest funding, adds Salesforce, Michael Dell as investors
https://www.cnbc.com/2021/12/13/low-code-software-start-up-airtable-worth-11-billion-in-new-funding.html



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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.