#Xerocon San Diego: Xero and Stripe Join Forces

#Xerocon San Diego: Xero and Stripe Join Forces

Blake and David are reunited again in San Diego at the end of Day 1 of Xerocon! David wonders if accountants and bookkeepers are getting fed up with "fetching," and Blake shares the biggest news stories from Xerocon so far, including Xero Tax Mapper as well as partnerships with Stripe and PwC.

SNH19: Right Networks Challenges QuickBooks Online

SNH19: Right Networks Challenges QuickBooks Online

David is on the ground in Salt Lake City reporting from the Scaling New Heights conference. He's got the highlights from the QuickBooks Online keynote, as well as a new "Always On" capability developed by Right Networks, which claims to have made QuickBooks Desktop hosting "in every way equivalent to, and as capable as, that of QuickBooks Online."

Is the CPA worth it in 2019, 2020, 2021…? Also, H&R Block acquires Wave and Xero appoints Jamie McDonald to lead Accounting & Global Services

Is the CPA worth it in 2019, 2020, 2021…? Also, H&R Block acquires Wave and Xero appoints Jamie McDonald to lead Accounting & Global Services

Blake is back from the annual AICPA Engage conference with lots of questions about the future value of the CPA. Meanwhile, H&R Block announced that they are acquiring Wave Financial, a provider of accounting software to millions of small businesses. Looks like H&R Block will be competing with QuickBooks Live? In other app news, Xero has appointedHubdoc co-founder Jamie McDonald to lead Accounting and Global Services. We’ll find out what that means for the future of Xero soon at Xerocon in San Diego.

Another AI startup aims to eliminate accountants

Another AI startup aims to eliminate accountants

Georges raises $11.2 million to automate accounting, Canopy releases tax prep software, IRS to stop faxing, Free File stripped from IRS bill, continuous testing is in the cards for the CPA exam, ATAX expands nationwide, sign-in with Apple ID is coming to QBO and Xero, and more

QuickBooks Live could be a Top 100 firm by 2020, fake bots from Google, Roger raises $7.35M to automate accounting with AI, and why the NSA might be to blame for the CCH malware attack

QuickBooks Live could be a Top 100 firm by 2020, fake bots from Google, Roger raises $7.35M to automate accounting with AI, and why the NSA might be to blame for the CCH malware attack

Blake crunches the numbers and figures that if Intuit meets its publicly stated goals, QuickBooks Live will likely be a $60 million per year accounting firm by 2020, (depending on whether or not you’d call an on-demand bookkeeping service an accounting firm, of course). Also, Roger, the accounting automation tool, has raised a $7.35M Series A. Guess who is one of the investors? Dan Wernikoff, the former GM of QuickBooks and TurboTax. Google admitted that its AI still needs human help, but you’ve got to listen to a recording of a call from Google Duplex (a bot) to a restaurant to book a dinner reservation. Next, the New York Times details how a leaked N.S.A. hacking tool might be responsible for the recent malware attacks on CCH, Centrom (a provider of cloud hosting to CPA firms) and the City of Baltimore. Speaking about security, did you know that a surprising percentage of people will apparently give out their passwords in exchange for… chocolate? All this and more insanity in this episode of the Cloud Accounting Podcast with Blake Oliver and David Leary.

Over 6 million small businesses using cloud accounting: QuickBooks and Xero numbers compared

Over 6 million small businesses using cloud accounting: QuickBooks and Xero numbers compared

We dig into the latest Intuit and Xero earnings reports to figure out who is winning the battle to conquer the world of small business cloud accounting. Also, one controller used the IRS to steal $2.8M, TurboTax uses a “military discount” to trick troops into filing their taxes, Senator Warren is on the attack against Intuit, QuickBooks Live plans to scale rapidly to 500 ProAdvisors, Baltimore is held hostage by ransomware, and why blockchain is all talk in accounting (at this point, anyway).

Intuit grows more defensive, CCH gets an IRS extension, QuickBooks Live quintuples, and Xero has a new Americas President

Intuit grows more defensive, CCH gets an IRS extension, QuickBooks Live quintuples, and Xero has a new Americas President

This week, ProPublica got its hands on an internal video from Intuit CEO Sasan Goodarzi to his 9,000 employees defending the company's actions before and after the Free File fiasco. Meanwhile, Wolters Kluwer negotiated on behalf of its customers with the IRS for a 7-day extension to file tax returns due to the CCH outage. Also, Intuit is increasing its QuickBooks Live workforce in anticipation of a June launch date, and Xero hired a new President to lead their Americas operation. All this and more on this episode of the Cloud Accounting Podcast!

Wolters Kluwer cloud tax products go down for almost a week after malware attack

Wolters Kluwer cloud tax products go down for almost a week after malware attack

This past week, Wolters Kluwer's CCH tax software division suffered a malware attack. In response, the company took offline a number of CCH products for 3 to 4 days, causing significant disruption to accounting firms, especially midsize and large ones. In other news, a Firm of the Future finalist firm loses a client to QuickBooks Live, the Vermont House voted for a new "cloud tax" that would tax Software-as-a-Service (SaaS), the Los Angeles City Attorney dues Intuit and H&R Block, and more.

How Intuit and H&R Block may have tricked low-income Americans into paying to file their taxes

How Intuit and H&R Block may have tricked low-income Americans into paying to file their taxes

We go in-depth on ProPublica's IRS Free File investigation that has implicated H&R Block and Intuit in misleading schemes to push taxpayers who could have gotten their taxes done for free into paid offerings. Also, follow-up on QuickBooks with Live Bookkeeping (which goes live in June), Divvy's gigantic $200 million fundraising round, OnDeck's concerns about small business credit worthiness, NetSuite's new analytics tool, why accidents like the Notre-Dame fire happen, and more

Is Intuit marketing QuickBooks with Live Bookkeeping to clients of ProAdvisors?

Is Intuit marketing QuickBooks with Live Bookkeeping to clients of ProAdvisors?

David found some more Visor reviews (they aren’t so great); how personalized service is one way traditional accounting firms can compete against these new “accounting startups;” we mourn the passing ofHenry Bloch, the “H” in H&R Block; Blake recalls his article about why there won’t be an Uber for Bookkeeping, given the upcoming QuickBooks Live offering; more on QuickBooks Advanced rate limits; now you can get next-day funding with QuickBooks Payments; TurboTax reports revenue numbers; the top 10 cities for accountants, and three ways to charge $25k to your clients