The U.S. Supreme Court decision expanding nexus to out-of-state online retailers continued to dominate the accounting news this week; analytics company Domo went public as watchdog warns 'stay away from this IPO'; LeaseAccelerator raised $30M in funding for lease accounting software; how Walmart is leading an effort to track its grocery supply chain using blockchain technology; and more
Donny Shimamoto joins the podcast to chat about the IRS's new "postcard sized" 1040 form, the potential consequences of California's new privacy law for businesses, and the Houston CPA Society's efforts to improve education and outreach to accounting students.
Mike Fleming, CEO of Sales Tax and More, joins Blake & David on the podcast to discuss in detail the ramifications of the U.S. Supreme Court decision allowing states to collect sales taxes from online sellers who have no physical presence in the state.
Blake and David discuss the implications of Thursday's Supreme Court ruling that states can require out of state retailers to collect taxes on sales to residents, even if those retailers don't have a physical presence in the state.
David reports on IRS plans to spend $291 million on technology upgrades and why some lawyers are dropping the billable hour. Blake shares takeaways from FloQast's 2018 Cloud Accounting Survey and the recent Cloud Accounting Roundtable in Culver City.
Aprio to acquire HPC, half of midsize and large accounting firms (51%) have outsourced their entire IT infrastructure to the cloud, Vermont will pay people $10,000 to move there and work remotely, and lots of app updates to talk about on this episode of the Cloud Accounting Podcast.
Blake and David chat about how time tracking software has entered the world of "wage theft" lawsuits, Slack's new and improved third-party integrations, the crazy fast growth of QuickBooks Online, the dismal trust Millennials place in banks, what the deal is with GDPR, and the fear and loathing of automation in Las Vegas.
Brendan Woods, Founder and CEO at AutoEntry, joins the podcast to chat about his OCR and document processing solution for accountants and bookkeepers.
Blake is skeptical about KPMG Australia's move to get into the ERP developer game with Microsoft, and David shares PayPal's acquisition of iZettle and what that means for point of sale options for small businesses.
It's the second episode of the Cloud Accounting Podcast 2.0 with my new co-host, David Leary! We chat about Warren Buffet's "Accounting Nightmare” and the net worth composition of wealthy individuals.
David Leary joins the podcast for the first time as my new co-host. We discuss the IRS' ancient computer systems that caused the crash on tax day, a case study of a CPA who got hacked by a malicious "keylogger" program, news from Blake's visit to NetSuite's SuiteWorld 2018, and a robot that can assemble an IKEA chair.
How many people does it take to make an idea go viral? It's lower than you might think. All it takes is 10% of the population to come around and change is inevitable. To learn how we've already passed that tipping point for cloud accounting technology, read my article in the July 2018 issue of California CPA Magazine.
I'm looking forward to explaining the potential (and insanity) of blockchain technology for real world applications to IMA members at their annual conference using the example of CryptoKitties, the "collectable, breedable, adorable" digital cats. It's like Beanie Babies in the cloud!
Recently I was asked to speak for FloQast at the The CFO Leadership Council annual conference in Boston. The theme was "Radical CFO," so I thought I'd do something radical and share a lesson I learned about leadership as a young cellist in the San Francisco Symphony Youth Orchestra.
I was in San Francisco earlier this year and stopped by the Kruze Consulting offices to chat with Scott Orn on the Founders & Friends podcast. Take a listen!
Check out my interview in the May 2018 issue of California CPA Magazine. I share how I got into playing the cello, the relationship between music and accounting, and what I think symphony orchestras should be doing to stay relevant.
I joined John Garrett recently on the Green Apple Podcast to talk about how my background in classical music helps my accounting career, how automation is attracting more creative individuals to the accounting profession, and why being authentic at work is the key to developing relationships that will aid your career. Listen here.
Read my interview with Ed Kless on the Sage Advice Podcast. We talk about how my first career as a classical cellist was disrupted by automation, what drew me to accounting technology, and how teams in the accounting profession are increasingly becoming a mix of full-time employees, part-time employees, contractors, and outsourcing firms.
There’s something that keeps me coming back to Xerocon year after year...
IRS guidance is silent on which section of the tax code cryptocurrency falls into. This has major implications for the tax treatment of transactions involving Bitcoin. Read Craig Smalley's analysis on CPA Practice Advisor.
Intuit announced a number of new features and improvements at the annual QuickBooks Connect user conference. Read about the updates on the QuickBooks Blog.
Going Concern featured my list of places to work other than a coffee shop in their article on how to stay productive when working remotely. Check it out for more tips.
New designs are partly a backlash to wide-open floor plans and include a “palette of places,” meaning that people don’t sit in just one spot.
Want to instantly improve your productivity at work? It's easy. Just stop constantly checking your email. Research shows that workers who only check email 3 to 4 times per day have significantly lower stress levels than those who don't, and they feel more productive.
Starting in June, UpWork will start charging a processing fee to employers. Freelancers will now pay a fee on a sliding scale as opposed to the previous 10%.
As a freelancer or remote worker, eventually you get sick of working from home or cafes. Here's a list of other places where you can sit down, focus, and finally get some work done.
From the article on NYTimes.com: "Makers can’t live like Managers. They require ‘‘Maker hours’’ — long, unspoiled afternoons to muse, contemplate the verities, build digital things and play stress-relieving games of Carcassonne. They need rich, solitary, germinative time."
This year, the team at HPC switched to Zoom for our company video conferencing tool. I've added it to my list of Recommended Apps for Accountants and Bookkeepers.
Over the past two years of running a completely virtual, cloud accounting service business, I’ve learned a lot about what works and what doesn’t when it comes to project management (PM) applications. After spending hours on hours evaluating PM software, I’ve come up with a set of criteria that I hope will help you decide on your own solution.
Basecamp just released a big update to their iPhone app. The update includes some long-awaited key features for mobile, making Basecamp a much stronger option for mobile project management. The iPhone app also now supports cool new features in Yosemite and iOS 8 including the iOS sharing extension and Handoff.
Email newsletters have an insane ROI, but for some crazy reason, most accountants don't send one. I'm sharing what I've learned from sending 70+ issues of Cloud Accounting Weekly, including how to do it FAST
There are so many social media channels and there’s always something new coming. Check out this article by The Profitable Firm to figure out if your accounting firm needs to be on every social media channel.
Mark Wickersham’s rules for successful value pricing:
- You must have a face-to-face pricing conversation with your client
- You must offer certainty and choice
- You must offer a menu of options
Read the full story on the Accountex Report.
Read this article in Accounting Today about the importance of keeping the focus on the prospect, not yourself or your own firm. My key takeaway: "Try asking more and telling less. Asking great questions is the route to more engagements and one of the best ways to grow your practice and your firm’s revenues."
Here are some excellent tips for writing well from Help Scout, including my favorite, "Don't write words, write 'music'."
Since 2008, Expensify has acquired nearly 4 million users while spending next to nothing on promotion. Here's how.
Previously on Going Concern, I wrote a post called "Why Accountants Suck at Marketing." As a follow up, here are four simple ways accountants can do better.
From my first post on Going Concern:
"Valuing logic and reason above all else is an excellent trait for an accountant, but is terrible for understanding how and why people buy things. That’s because most people buy products and services according to how they feel, not how they think."