Intuit Grows More Defensive, CCH Gets an IRS Extension, QuickBooks Live Quintuples, and Xero Has a New Americas President

May 19, 2019 / 48:27/E74

This week, ProPublica got its hands on an internal video from Intuit CEO Sasan Goodarzi to his 9,000 employees defending the company's actions before and after the Free File fiasco. Meanwhile, Wolters Kluwer negotiated on behalf of its customers with the IRS for a 7-day extension to file tax returns due to the CCH outage. Also, Intuit is increasing its QuickBooks Live workforce in anticipation of a June launch date, and Xero hired a new President to lead their Americas operation. All this and more on this episode of the Cloud Accounting Podcast!

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Show Notes

03:11 - Thanks for the reviews! Click here to leave a review on iTunes and we'll read it on the air.
05:44 - Elon Musk tells Tesla employees he'll review all of company’s expenses in new cost-cutting plan | FOX Business
07:20 - IRS statement and instructions regarding recent software outage | Internal Revenue Service
09:07 - QuickBooks Live Bookkeeping Update: May 2019 | Firm of the Future
15:29 - Intuit CEO in Internal Video: Hiding Free TurboTax Was In “Best Interest of Taxpayers” | ProPublica
19:18 - Audio of a phone call with a TurboTax customer support agent who repeatedly cites false information | Twitter
26:12 - Intuit grows more defensive | Accounting Today
26:47 - Kessler Topaz Meltzer & Check, LLP : Announces the Filing of a Consumer Class Action Lawsuit Against Intuit Inc., Maker of TurboTax, for Improperly Charging Fees
28:09 - Subscribers boost gives accounting software giant Sage profit spike of 16%
29:30 - Drury family stake in Xero soars to $1.1b after Xero moves into profit | Stuff.co.nz
31:09 - Sage's Nancy Harris: "We do not intend to push our customers to the cloud" | Twitter
32:42 - Xero announces Tony Ward as new President of the Americas | Twitter
33:31 - Matt Paff on the appointment of Tony Ward as President of the Americas | Twitter
34:56 - Sage Research Reveals that 90% of Accountants Worldwide Believe There Has Been a Cultural Shift in the Accountancy Profession | AP News
41:05 - Warren Buffett decries accounting rule change that has made a mess of Berkshire's earnings | Yahoo Finance
45:06 - Developing your own specialized niche practice | Journal of Accountancy

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