Big Accounting Firms Are Doomed - a podcast by David Leary & Blake Oliver, CPA

from 2022-03-10T20:57:10

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Show Notes

02:33 – David’s QBO Troll             

https://twitter.com/davidleary/status/1499514128435531800

 

08:26 – Are the big firms falling apart? 

 

09:59 – The Big Firm Biz Model

 

13:03 – Is this model sustainable? 

 

14:29 – Why Blake moved to tech

 

17:06 – Remote work changed everything

 

18:21 – Can accounting jobs be more meaningful? 

 

20:27 – Accounting standards haven’t changed in 100 years 

 

22:52 – Companies and investors don't care about the financial numbers like they used to. The metrics are changing. 

 

26:39 – People want a meaningful job

 

28:45 – Lifestyle spending accounts - what are they?

 

31:45 – Schools aren't teaching accounting students about other opportunities

 

35:18 – ‘I spent 5 hours on the phone’: Woman exposes TurboTax for taking thousands of her tax return in viral TikTok

https://www.dailydot.com/debug/tiktok-tax-return-turbotax/

 

36:38 – TPG refund         

https://ttlc.intuit.com/community/after-you-file/discussion/tpg-refund/00/2511328

 

39:56 – DIY vs. tax pro: How taxpayers choose

https://www.accountingtoday.com/news/study-finds-tax-software-users-prioritize-cost-and-paid-preparer-users-prioritize-accuracy

 

41:53 – Working with tax organizers needs to be easier - bad customer experience

 

44:11 – Companies need to raise their prices and focus on customer experience instead of speed

 

46:29 – AICPA & CIMA stand with the people of Ukraine

https://www.fm-magazine.com/news/2022/mar/aicpa-cima-ukraine-statement.html

 

49:11 – Ex-Big 4 Partner On Why the Big 4 Firms Should Pull Out of Russia: 'It's the Right Thing to Do and You Know It'

https://www.goingconcern.com/ex-big-4-partner-why-big-4-firms-should-leave-russia/

 

50:31 – Visa and Mastercard Suspend Russian Operations             

https://www.wsj.com/livecoverage/russia-ukraine-latest-news-2022-03-04/card/visa-and-mastercard-suspend-russian-operations-LAhp94TyXAXrNzaILwz5

 

51:05 – Spoils of War? Ukraine Says No Taxes Due on Captured Russian Tanks

https://www.cpapracticeadvisor.com/tax-compliance/news/21259037/spoils-of-war-ukraine-says-no-taxes-due-on-captured-russian-tanks

 

52:51 – KPMG set to drop some clients over Russian sanctions

https://www.accountingtoday.com/articles/kpmg-set-to-drop-some-clients-over-russian-sanctions

 

53:05 – Grant Thornton Drops Its Russian Affiliate Over Conflict In Ukraine

https://www.goingconcern.com/grant-thornton-drops-its-russian-affiliate-over-conflict-in-ukraine/

 

Big 4 Firms Condemn Russia's Invasion of Ukraine, But Will They Sever Relationships With Any Russian Clients? (UPDATE)

https://www.goingconcern.com/big-4-firms-condemn-russias-invasion-of-ukraine-but-will-they-sever-relationships-with-any-russian-clients/

 

54:09 – Voicemail from Jack Thiel – Talking startups, etc. in accounting

 

57:06 – Voicemail from Joe Cangelosi – Leaving accounting

 

‎01:02:05 – Jacob I. Oberlander, CPA on Twitter: "@BlakeTOliver We're not charging by the hour and not billing by the hour. But we're still tracking time.

https://twitter.com/JacobOberlander/status/1498320967331983361

 

01:04:01 - Technology has changed the way time is measurable for work success


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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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