The ERC Jumps The Shark with Snoop Dogg Deepfake - a podcast by David Leary & Blake Oliver, CPA

from 2023-09-21T07:17:08

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Buckle up for a wild ride covering everything from brazen ERC scams to cutting-edge AI. Join Blake and David as they expose the rampant fraud sucking billions from the federal coffers. You'll hear an unbelievable voicemail scam promising gangbusters refunds—could it really be Snoop Dogg or is your mind playing tricks?

Fast forward to the bleeding edge of technology with jaw-dropping examples of AI voice and face swapping. Think real-time translation opening global markets. But not so fast—can emerging tech replace human accountants offshore? We tackle the automation debate head-on.

Strap on your justice caps as the crew champions entrepreneurial accountants breaking free from the shackles of the timesheet. But will AI be the death knell of the billable hour? Tune in to find out!

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Chapters

  • (00:45) - David got a voicemail from Snoop Dogg!

  • (08:42) - Mark Cuban and Warren Buffett talk about why accounting is important

  • (12:50) - Couple gets married in the accounting classroom where they met

  • (14:51) - Purdue accounting professors invite accounting students and alumni to tailgate together at football games

  • (15:51) - AICPA drops the ball on member survey

  • (19:11) - Vegas gets hit by cyber attacks

  • (23:30) - Square outage causes problems for small businesses

  • (25:32) - The Doberman dog breed is named after a German tax collector

  • (26:33) - JP Morgan partners with Gusto to offer online payroll

  • (28:36) - American Express & Walmart expand small business offerings

  • (31:47) - AI real-time language translation for video and audio is not far away

  • (39:01) - The future of voice assists and integration with LLM's

  • (43:58) - 29-year-old accountant quits firm to open her own

  • (49:34) - Offshoring vs. automation

  • (55:26) - Blake's new lawyer charges by the hour...sometimes

  • (57:39) - Thanks for listening and how to earn free CPE


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Show Notes

JPMorgan to offer online payroll services                

https://www-cnbc-com.cdn.ampproject.org/c/s/www.cnbc.com/amp/2023/09/14/jpmorgan-to-offer-online-payroll-services.html

 

I.R.S. Freezes Pandemic-Era Tax Credit Amid Fraud Fears  

https://www.nytimes.com/2023/09/14/us/politics/irs-pandemic-employee-credit-fraud.html

 

The Cyberattack That Sent Las Vegas Back in Time              

https://www.wsj.com/lifestyle/travel/las-vegas-mgm-cyberattack-casinos-6ca43dcf

 

Caesars Paid Ransom After Suffering Cyberattack – WSJ

https://www.wsj.com/business/hospitality/caesars-paid-ransom-after-suffering-cyberattack-7792c7f0

 

Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. She has her own firm now

https://finance.yahoo.com/news/meet-29-old-accountant-whose-110000532.html

 

Mark Cuban on Accounting via Hector Garcia

https://youtube.com/watch?v=VT_SCYbkmd8&si=3fLUqsQbqIlCzkgA

Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. She has her own firm now

https://finance.yahoo.com/news/meet-29-old-accountant-whose-110000532.html

 

How Amex is building a B2B ecosystem for SMBs 

https://tearsheet.co/smb-finance/how-amex-is-building-a-b2b-ecosystem-for-smbs/

 

IRS halts new ERC processing after flood of bogus claims 

https://www.accountingtoday.com/news/irs-halts-new-employee-retention-credit-processing-after-flood-of-bogus-claims

 

Don't offshore. Automate instead             

https://www.accountingtoday.com/opinion/dont-offshore-automate-instead

 

MGM hack has Vegas hotels resorting to cash bars, paper vouchers           

https://bankautomationnews.com/allposts/risk-security/mgm-hack-has-vegas-hotels-resorting-to-cash-bars-paper-vouchers/

 

They found love in their accounting classroom. Ten years later, they ...      

https://www.wenatcheeworld.com/lifestyles/they-found-love-in-their-accounting-classroom-ten-years-later-they-got-married-there/article_c0ee232e-5334-11ee-a4ac-e359a3362f03.html

 

Walmart Business Has a Plan to Boost SMB Cash Flow      

https://www.pymnts.com/commercial-payments/2023/walmart-business-has-a-plan-to-boost-smb-cash-flow/

 

Square and Cash App outage creates trouble for small businesses               

https://www.asbn.com/articles/square-and-cash-app-outage-creates-trouble-for-small-businesses/

 

MGM Resorts Hack Becomes Hassle for Vacationers Who Must Use Cash 

https://www.pymnts.com/cybersecurity/2023/mgm-resorts-hack-becomes-hassle-vacationers-must-use-cash/

 

Cash App And Square Face System Outage, Keeping Users From Their Coins           

https://finance.yahoo.com/news/cash-app-square-face-system-162101298.html

 

Square outage costs small business owners thousands in lost revenue       

https://www.nbcnews.com/business/consumer/square-outage-costs-small-business-owners-thousands-lost-revenue-rcna103504

 

Americans Would Pay $120 a Year to Have a Reliable and Smart Voice Assistant    

https://www.pymnts.com/voice-activation/2023/americans-would-pay-120-a-year-to-have-a-reliable-and-smart-voice-assistant/

 

Catering to the $300 billion SMB industry with American Express Business Blueprint           

https://tearsheet.co/smb-finance/catering-to-the-300-billion-smb-industry-with-american-express-business-blueprint/

 

MGM Resorts says cyberattack could have material effect on company     

https://www.cnbc.com/2023/09/13/mgm-resorts-cyberattack-and-outage-stretches-into-third-day.html

 

Hackers claim MGM cyberattack as outage drags into fourth day 

https://techcrunch.com/2023/09/14/mgm-cyberattack-outage-scattered-spider/

 

Hackers claim it only took a 10-minute phone call to shut down MGM Resorts       

https://www.engadget.com/hackers-claim-it-only-took-a-10-minute-phone-call-to-shutdown-mgm-resorts-143147493.html

 

Purdue University professors created a formula that's attracting more students to accounting        

https://fortune.com/2023/09/15/purdue-university-accounting-fill-void-market/


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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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