About this episode
Blake and David cover a plethora of topics including positive customer experiences, legal rulings, top cities for accountants, and the pressure on Intuit from major banks. They also dig into the discovery of a large sum of cash at a senator's home, how Trump defrauded the banks, another potential government shutdown, and the accounting talent crisis. All this, and more, right here, right now! Sponsors OnPay - https://cloudaccountingpodcast.promo/onpay Relay - https://cloudaccountingpodcast.promo/relay OhMyFraud - https://ohmyfraud.com Chapters (00:58) - Blake shares a good customer experience at a parking garage (05:14) - CPACharge adds invoice payment directly through app (07:58) - Donald Trump defrauded banks and insurers (14:32) - Intuit pressured by credit card companies and banks to not support gun stores (20:04) - Throwback to Burger King first accepting credit card payments (24:04) - Top cities to be an accountant (29:14) - Bob Menendez and how much cash an average person should keep at home (35:25) - Government shutdown update and predictions (39:30) - Kelly Richmond Pope on the accountant talent crisis (47:28) - The IRS revolving door (51:58) - PCAOB announces new audit rule (55:25) - What accountants can learn from Smucker's hybrid work model (58:35) - Amazon invests $4 billion in Anthropic's Claude (01:00:30) - The Pentagon is using AI to navigate its own bloated policies (01:02:30) - Deloitte CEO says he doesn't deserve his pay (01:04:29) - We need more practical application in accounting classes (01:07:40) - Wrap up and where to reach us Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe Show Notes Now the Profession Is Losing Experienced Accountants Too https://www.goingconcern.com/accountants-leaving-the-profession/ Nearly 1,000 millionaires haven't filed tax returns https://www.accountingtoday.com/news/nearly-1-000-millionaires-havent-filed-tax-returns Jayapal, Warren Call on IRS to Address Revolving Door Between ... https://jayapal.house.gov/2023/09/28/jayapal-warren-call-on-irs-to-address-revolving-door-between-irs-and-giant-accounting-firms-after-troubling-inspector-general-findings/ What CPAs can learn from Smucker's https://www.accountingtoday.com/opinion/smuckers-sweet-recipe-for-rto-a-blend-of-flexibility-and-focus The top cities in the U.S. to be an accountant https://www.accountingtoday.com/list/the-top-cities-in-the-u-s-to-be-an-accountant Intuit Reverses Ban On Gun-Related Businesses https://www.zerohedge.com/political/intuit-reverses-ban-gun-related-businesses JPMorgan Chase Caught Trying to Block Gun Purchases https://catholicvote.org/jpmorgan-caught-trying-block-gun-purchases/ CPACharge Announces Automated Invoicing, Streamlining Customer Billing Cycle For Accounting Professionals https://finance.yahoo.com/news/cpacharge-announces-automated-invoicing-streamlining-150000639.html As Government Shutdown Appears More Likely, Treasury Releases IRS Contingency Plan https://www.forbes.com/sites/kellyphillipserb/2023/09/28/as-government-shutdown-appears-more-likely-treasury-releases-irs-contingency-plan/ The last government shutdown was the longest in more than 40 years https://www.cnn.com/2023/09/29/politics/last-federal-government-shutdown-longest-dg/index.html Audit Firms Face Stiffer Mandate to Verify Client Details Under New Rule https://www.wsj.com/articles/audit-firms-face-stiffer-mandate-to-verify-client-details-under-new-rule-679e30cd The top cities in the U.S. to be an accountant | Accounting Today https://www.accountingtoday.com/list/the-top-cities-in-the-u-s-to-be-an-accountant The Right Amount of Cash to Keep at Home for Emergencies. Hint: Not $480,000. – WSJ https://www.wsj.com/personal-finance/emergency-fund-cash-on-hand-b04136d1 Judge rules Donald Trump defrauded banks and insurers while building real estate empire | AP News https://apnews.com/article/donald-trump-letitia-james-fraud-lawsuit-1569245a9284427117b8d3ba5da74249 Pentagon’s Budget Is So Bloated That It Needs an AI Program to Navigate It https://theintercept.com/2023/09/20/pentagon-ai-budget-gamechanger/ Amazon bets $4 billion on Anthropic’s Claude, the chatbot platform rivaling ChatGPT and Google's Bard | VentureBeat https://venturebeat.com/ai/amazon-bets-4-billion-on-anthropics-claude-the-chatbot-that-rivals-chatgpt-and-googles-bard/ Deloitte CEO Says He Doesn't Deserve His Pay - Going Concern https://www.goingconcern.com/monday-morning-accounting-news-brief-deloitte-ceo-says-he-doesnt-deserve-his-pay-the-accountant-shuffle-7-17-23/ ...