The Accounting Podcast | Everyone wants to be a bank for small business

Everyone wants to be a bank for small business

October 18, 2019 / 01:01:40/E120

In this episode, there's a ton of accounting and bookkeeping news! QuickBooks might now be bigger than Xero in the UK, Expensify launches a commercial card, Veem and Xero get integrated, an accounting matchmaking platform raises $10M in financing, Intuit and VISA launch instant deposits, follow up on MyPayrollHR, and more. Also, don't forget to come visit us live and in person, or failing that, check out our new merch store for all the latest, greatest, exclusive Cloud Accounting Podcast stuff!

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Show Notes

00:56 – How much pain has the Tax Cuts and Jobs Act caused? | WSJ
01:29 – Blake left his heart in San Francisco , with Jirav, where he's now director of marketing
03:17 – Blake's excited to get back to his old stomping ground, helping educate CPAs, and small-biz accountants and bookkeepers
04:24 – Veem and Xero team up to offer a kinder, gentler, less-clunky invoicing system | CPA Practice Advisor
07:37 – While it's not the perfect AR/AP payment solution, David talks about some of the benefits of using a service like Checkbook.io
09:14 – Cruisin' on down the highway - QBO now offers mileage tracking | Insightful Accountant
09:57 – BQE Core is also offering mileage tracking | BQE
11:07 – David’s #1 prediction of 2019 comes true!
11:20 – Intuit and Visa are on the small-biz track, joining forces to offer instant deposits | Business Insider
12:16 – We’re not quite sure what we’re selling, but it’s in the TOS! | Intuit QuickBooks
12:25 – Thanks to Nina Casey for sending in this story, and offering her insights!
13:56 – Has Rich Preece left the Intuit building?
15:08 – Paro, a high-end accounting temp agency raises $10m in their latest round of funding | Accounting Today
17:58 – EasierAccounting.com, yet another new kid on the same ol’ AI-Accounting block? | Yahoo!
20:02 – Short story long, Expensify has launched “the world’s smartest corporate card! | CPA Practice Advisor
21:48 – Blake’s take on Expensify’s grassroots-y approach to marketing
25:50 – Brex teams up with Radius Bank to target those well-funded startups | PYMNTS.com
28:49 – Bank of America targets small business but misses the mark | Bank Innovation
31:02 – Mark your calendars! September 18th is now Bill.com Day in Houston! | CPA Practice Advisor
31:42 – Robinhood tightens their tights for another shot at banking | Bank Innovation
32:54 – Is Intuit overtaking Xero in the UK race? | Scoop Independent News
34:41 – Revolut is on the fast track to becoming Europe’s MVP in the fintech space | City A.M.
36:34 – The MyPayrollHR fallout continues | Albany Business Review
38:38 – Pioneer Bank, Michael Mann’s bank of choice, seems to be at a loss for useful words | Times Union
39:53 – New York State Department of Financial Services starts to gather intel in the search for missing payroll regulations | WSJ
42:13 – Bigger isn’t always smarter – More on California’s fiscal project fiasco | Government Technology
46:45 – The One-Percent crowd pays less taxes than the rest of us | Washington Post
47:32 – The rich keep getting richer, and the poor keeping being cheaper to audit | ProPublica
50:33 – The kiddos are raking in the allowance, with little to no savings to show for it | AICPA
55:42 – It’s time for reviews! Thanks to all our excellent listeners!
57:12 – Should Blake compose and perform the new Cloud Accounting Podcast theme song on his cello? Let us know what you think!

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