How California's new privacy and contractor laws could affect you
We dive deep into two laws that took effect January 1: 1) California's Consumer Privacy Act and 2) AB-5, which reclassifies many independent contractors as employees. Even if you aren't based in California, these laws could affect you or your firm, especially if you do business or employ California residents. Also, Moss Adams reported a data breach, Receipt Bank raised $73 million, Google has developed an AI system that can match or outperform radiologists, how to keep your customers for a decade or longer, small businesses are generally getting hosed by terrible interest rates on business loans, what's up at FASB, and how much it should cost to run finance as a percentage of revenue.
Sponsors
OnPay: http://cloudaccountingpodcast.promo/onpay
OnPay is offering an exclusive promo code only for the listeners of The Cloud Accounting Podcast to get three free months of OnPay payroll service for any of your clients that you set up by February of 2020! Visit the sponsor link, and use code "CAP3FREE" to take advantage of this offer!
OnPay is offering an exclusive promo code only for the listeners of The Cloud Accounting Podcast to get three free months of OnPay payroll service for any of your clients that you set up by February of 2020! Visit the sponsor link, and use code "CAP3FREE" to take advantage of this offer!
Show Notes
- 01:48 – When it comes to staying organized, there’s only OneNote for Blake
- 04:24 – This one time, at Pod Camp ... David’s reminiscing about the early days of podcasting
- 06:00 – Laws, laws, everywhere – We talk about what’s new for 2020 in California - Assembly Bill 5, and the California Consumer Privacy Act
- 10:31 – Who's gonna drive you home? Uber argues that they’re not “really” a ride service
- 13:34 – Time to get your CPA? Certain recognized professions, such as accounting, may be exempt from the AB 5 requirements
- 14:23 – A refresher on European data protection laws | European Commission
- 16:48 – The devil’s in the data – just how much data will businesses be required to provide to consumers? | NYT Bits Newsletter
- 21:11 – Multifactor authentication, anyone? Moss Adams is the latest to report a data breach | Accounting Today
- 25:27 – Receipt Bank rakes in $73M in new funding with an eye towards tackling the US market | Enterprise Times
- 27:58 – Show me your AI … Google’s latest AI innovation targets breast cancer detection | WSJ
- 32:15 – Face value – H&R Block targets our need for personal interaction with its new software offering | Accounting Today
- 34:01 – Top tips for 10-year Customers here | SaaStr
- 34:33 – Apparently, accounting clients do not have commitment issues! | Accounting Today
- 37:06 – There’s gotta be better way than a 100-percent interest rate on small-biz loan! biz | PYMNTS
- 39:02 – They’re going the distance – the IRS updates 2020 mileage rate |Small Business Trends
- 39:13 – Perhaps the FASB fears change? WSJ
- 40:31 – In the meantime, however, this is what FASB’s working on for 2020 | WSJ
- 43:21 – Big Four, Big Tech, Big To-Do About Nothing? | Bloomberg Tax
- 46:46 – Stats abound
- 50:20 – Stayed tuned! Predictions are coming! Really! Before the end of the year! We promise!
Get in Touch
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