Where we get to know YOUR business and what REALLY matters when it comes to growing a successful enterprise!
TCA, Financial Advisory for Growth Leaders and Accountants
Tammy Hess is passionate about Accounting Fraud. Not committing! She finds it endlessly fascinating how organizations fall victim, what happens in the aftermath what measures can be taken to avoid it.
At TCA we strongly recommend that organizations have good solid accounting that follows best practices. As always our aim is for understanding the business model and the impact of the plan on future cash flow. We see accounting as the cornerstone of achieving those goals.
This episode is from back in March, 2023 and is based on our initial journey into AI tools with ChatGPT 3.0. For those of you following this area closely, you'll recognize that immediately upon posting this within a month's time, some of our observations are outdated. But I hope you find that our musings and ideas are still interesting as you consider your own journey with this rapidly developing technology.
Interviewing Tammy Hess on her passion for the topic of Budgeting! We discuss if Budgeting and Planning are the same thing and other perspectives on the budgeting and planning processes. None of Our Businesses Episode 129, February 2023
In this Episode, AJ Wheeler discusses how his passion for working with non-profits led to sharing his nonprofit grant management experience with audiences. See the slide for the presentation we are discussing in this video at https://www.tyeecarr.com/post/nonprofit-grant-management-tips-and-best-practices-deck None of Our Businesses Episode 128, February 2023
The None of our Businesses crew gather to discuss a cannabis company expanding by buying a brewing company, Todd and Julie Chrisley have been sentenced jail time for tax evasion, Twitter's debt increases as revenue drops, what employers should know about accounting students, and tips for your accounting firm's client onboarding. Cannabis Brewing - https://www.theglobeandmail.com/business/article-cannabis-company-tilray-to-buy-montauk-brewing-company-as-it-seeks-to/ Chrisley In Jail - https://www.accountingtoday.com/news/reality-tv-stars-todd-and-julie-chrisley-sentenced-to-prison-for-tax-evasion Twitter's Debt - https://finance.yahoo.com/news/analysis-twitters-massive-revenue-drop-110740959.html?guccounter=1 Accounting Students - https://www.orcpa.org/news-resources/3144:what-employers-should-understand-about-today-s-accounting-students/article Client Onboarding - https://www.accountingtoday.com/list/5-tips-for-better-client-onboarding-at-your-accounting-firm None of Our Businesses Episode 127, December 2022
The None of our Businesses crew gather to discuss the continued consumer spending despite the claims of an impending recession, how shrinkflation is affecting the portion sizes of Halloween candy and other products, moves are being made to apply fair-value accounting to crypto reporting, and a divisive topic on how spreadsheets are not always the best option. Continued Spending - https://www.morningbrew.com/daily/stories/2022/10/21/americans-continue-to-spend-despite-a-chorus-of-recession-warnings Shrinkflation - https://www.washingtonpost.com/business/2022/10/21/halloween-candy-smaller-shrinkflation/ Crypto Reporting - https://www.cfobrew.com/stories/2022/10/14/accounting-standards-crypto-reporting Costly Spreadsheets - https://www.accountingtoday.com/opinion/leasecrunch-ceo-spreadsheets-are-not-free None of Our Businesses Episode 126, November 2022
The None of our Businesses crew gather to discuss Nissan selling its Russian branch for only 1 euro, there will be higher late fees and renewed penalties for the next tax return coming up, scientists are having a hard time creating reproducible experiments, and how body language may affect your business conversations. Nissan's Loss - https://www.reuters.com/markets/deals/japanese-automaker-nissan-sells-off-russian-business-state-trade-ministry-says-2022-10-11/ Late Filing Penalties - https://www.accountingtoday.com/articles/late-u-s-tax-filers-face-higher-interest-rates-and-renewed-penalties Reproducibility - https://www.nature.com/articles/533452a Business Body Language - https://www.forbes.com/sites/forbesbusinesscouncil/2022/08/01/15-common-body-language-mistakes-to-avoid-when-talking-to-vips/?sh=94f7ff55d286 None of Our Businesses Episode 125, October 2022
The None of our Businesses crew welcome special guest Amanda Lilley to discuss hiring new employees and retaining your employees, the importance of creating mentorship programs not only to help employees grow, but to let them know they are cared for, and a discussion on the path to partnership within a CPA firm. None of Our Businesses Episode 124, October 2022
The None of our Businesses crew gather to discuss the death of a 33 year old woman at an Ernst & Young firm in Sydney which is raising questions about overworking at big 4 firms, John Stankey, CEO of AT&T, is criticizing T-Mobile for it's bogus claims about senior discounts from competing companies, the new tax bill and how it affects high revenue corporations, Ernst & Young plans to split into two businesses, a potentially ridiculous recommendation on how to make your commute productive. Big 4 Overwork - https://www.linkedin.com/posts/briankuo_inside-dark-work-culture-where-33yo-died-activity-6976625837311766528-YTbM/?utm_source=share&utm_medium=member_desktop Senior Discounts - https://finance.yahoo.com/news/att-ceo-slams-tmobile-senior-discounts-marketing-campaign-132006114.html?guccounter=1 Tax Bill - https://www.thetaxadviser.com/news/2022/aug/congress-enacts-tax-climate-bill.html Ernst & Young Split - https://www.morningbrew.com/daily/stories/2022/09/08/ey-plans-split-into-two-separate-businesses Productive Commute - https://www.accountingtoday.com/opinion/make-your-commute-the-most-productive-time-of-day None of Our Businesses Episode 123, September 2022
The None of our Businesses crew gather to talk about Maine's cannabis residency requirements, Bank of America's reduction of overdraft fees, a presentation on accounting GL software and operational accounting for craft spirits finance, a delay for Vegas cannabis lounges due to regulation issues, and the IRS is erasing all tax return late fees given out during the pandemic. Maine Cannabis - https://www.forbes.com/sites/ajherrington/2022/08/22/federal-court-strikes-down-maines-residency-requirement-for-cannabis-business-owners/?sh=7747ad737146 Overdraft Fees - https://www.usnews.com/news/business/articles/2022-08-17/bank-of-americas-overdraft-fees-down-90-under-new-policy Accounting GL Software & Operational Accounting - https://www.tyeecarr.com/post/finance-for-craft-spirits-accounting-gl-software-operational-accounting Vegas Cannabis Lounges - https://lasvegassun.com/news/2022/aug/21/not-yet-regulatory-delays-keep-lid-on-marijuana-co/ IRS Late Fees - https://www.accountingtoday.com/articles/irs-will-wipe-away-1-2b-in-late-fees-from-pandemic None of Our Businesses Episode 122, August 2022
The None of our Businesses crew gather to talk about the possibility of unionizing in the cannabis industry, various updates around finance related tech, a look at considering people before tools in your finance department for a craft spirits company, landlord tax evasion is exacerbating the housing crisis, and Disney is raising it's prices due to increased demand rather than inflation. Cannabis Unions - https://www.theguardian.com/us-news/2022/jul/31/us-cannabis-industry-union-recognition Tech Stories - https://www.accountingtoday.com/list/the-excel-macro-crackdown-and-other-technology-stories-you-may-have-missed-last-month People First - https://www.tyeecarr.com/post/finance-for-craft-spirits-people-first Housing Crisis - https://thehill.com/policy/3585336-how-landlords-are-evading-taxes-and-fueling-the-housing-crisis/ Disney's Prices - https://www.cnbc.com/2022/08/11/disney-is-raising-prices-but-this-time-dont-blame-inflation.html None of Our Businesses Episode 121, August 2022
The None of our Businesses crew gather to discuss how to think about the finances of accounting, Trump's ex Ivana buried at his golf club adds a tax benefit, guidelines for craft spirits business finance, BMW is testing a subscription service for heated seats, and Massachusetts Society of CPAs hosts an accounting camp for high school students. Accounting Finances - https://www.accountingtoday.com/opinion/rethinking-the-finances-of-accounting Ivana's Tax Benefit - https://www.nbcnewyork.com/news/local/would-ivana-trumps-gravesite-at-trump-national-golf-club-be-tax-benefit-for-trump-org/3804517/ Craft Spirits Finance - https://www.tyeecarr.com/post/size-budget-scalability-finance-for-craft-spirits Heated Seats - https://arstechnica.com/cars/2022/07/no-bmw-is-not-making-heated-seats-a-subscription-for-us-cars/ Accounting Camp - https://www.accountingtoday.com/news/high-school-students-explore-accounting-careers-at-masscpas-summer-program None of Our Businesses Episode 120, August 2022
The None of our Businesses crew gather to talk about Google's AI named LaMDA has hired an attorney, Macaroni and Cheese being rebranded to Mac & Cheese, a look at what Level 3 operators of craft distilleries want from accounting, KPMG opens a collaboration hub in the metaverse where employees and clients can meet, and an update on how many people are working remotely. LaMDA - https://www.giantfreakinrobot.com/tech/artificial-intelligence-hires-lawyer.html Mac & Cheese - https://www.cnn.com/2022/06/22/business-food/kraft-mac-and-cheese-name/index.html Meta Collaboration - https://www.accountingtoday.com/news/kpmg-opens-collaboration-hub-in-the-metaverse?utm_campaign=accountingtoday-tw&utm_medium=social&utm_content=socialflow&utm_source=twitter Remote Work Update - https://www.accountingtoday.com/news/convergencecoaching-opens-up-2022-remote-work-survey None of Our Businesses Episode 119, June 2022
The None of our Businesses crew gather to discuss people going back to work yet still in zoom meetings, the IRS claims that it is auditing a higher number of the wealthy, a discussion on what Level 2 operators of craft distilleries want from accounting, the cannabis industry's marketing is not nearly as effective as it could be, and reality stars, the Chrisley's, have been convicted of tax evasion. Zoom Calls - https://www.bloomberg.com/news/articles/2022-04-01/employees-are-returning-to-office-post-covid-just-to-sit-on-zoom-calls?utm_content=business&utm_source=facebook&utm_campaign=socialflow-organic&utm_medium=social&cmpid=socialflow-facebook-business&fbclid=IwAR1YDj9PYh5p1mYmdt0KuyngiDMyPBMabMH0m01k1J5Ev9Y7L7bfsvfdd8E&fs=e&s=cl Wealthy Audits - https://www.accountingtoday.com/news/irs-tries-to-boost-audit-rates-of-wealthy Cannabis Marketing - https://www.forbes.com/sites/joanoleck/2022/06/04/the-rapidly-expanding-cannabis-industry-needs-to-get-its-marketing-act-together-a-new-report-finds/?sh=3469a609c67b Tax Evasion - https://www.accountingtoday.com/news/chrisley-reality-tv-stars-convicted-for-tax-evasion None of Our Businesses Episode 118, June 2022
The None of our Businesses crew gather to talk about California's failing public school system, communication skills are becoming a necessary part of financial roles, the US committing to the global minimum corporate tax rate of at least 15%, the impact of Florida taking away Disney World's self governing status, Musk is planning to purchase and revolutionize twitter. CA Public Ed- https://www.city-journal.org/california-public-schools-are-failing?utm_source=Twitter&utm_medium=Organic_Social&s=09 Communication Skills - https://www.journalofaccountancy.com/news/2022/apr/as-finances-role-grows-communication-skills-more-vital.html GMCT Commitment - https://tax.thomsonreuters.com/news/us-committed-to-global-corporate-minimum-tax-conformity-biden-team-says/ Florida vs. Disney - https://www.cnbc.com/2022/04/21/disney-special-district-florida-taxpayers-could-face-a-1-billion-debt-bomb-if-dissolved.html Musk's Twitter - https://www.nbcnews.com/tech/tech-news/elon-musk-reaches-deal-buy-twitter-rcna25806 None of Our Businesses Episode 116, May 2022
The None of our Businesses crew gather to talk about California making moves towards having a four day work week, how to avoid an IRS audit during busy tax season, Musk calls the SEC “bastards” after a forced settlement over the legality of past tweets about Tesla, a survey comes to the conclusion that toxic company culture is the primary reason for the great resignation, and Musk's current attempt at a Twitter coup. Four Day Work Week - https://finance.yahoo.com/news/california-takes-giant-step-toward-090000713.html?guccounter=1&guce_referrer=aHR0cHM6Ly9uZXdzLmdvb2dsZS5jb20v&guce_referrer_sig=AQAAAGwkYl1mLAH4LLw5k2MM8L7-mHr8lXcb8je_2V2bQ0L3yvxZi53XqXDczLXsxQNz5bi8oNYfDQFEKU4_v4pMnkBEtgpyfvzOcAsBIdUamN51H0Icuo7lBcMhLq-czc26D6dYgjOnpWuMU6KuGWq2o3zOKI-q2s4tqjDTCO1z2rVO Avoiding Audits - https://www.accountingtoday.com/articles/scrambling-to-file-your-clients-taxes-heres-how-to-avoid-an-irs-audit Musk's Settlement - https://www.reuters.com/technology/musk-says-us-sec-bastards-forced-settlement-over-tesla-tweets-2022-04-14/ Toxic Company Culture - https://www.msn.com/en-us/money/careersandeducation/toxic-company-culture-is-the-no-1-reason-workers-are-quitting-jobs-survey-finds/ar-AAWb8Pr More Musk - https://www.cnn.com/2022/04/15/tech/elon-musk-twitter-bid-strategy/index.html None of Our Businesses Episode 115, April 2022
The None of our Businesses crew gather to discuss the announcement of a marijuana lounge opening in Denver, the controversial statistic that the IRS audits poor families more than any other demographic, the sec proposes new requirements for SPAC disclosures, how laws for salary transparency may help job seekers negotiate, and the FTC is attempting to sue Intuit for overly advertising the misleading free tax preparation. Marijuana Lounge - https://www.9news.com/article/news/local/denver-hotel-marijuana-lounge/73-5005b2f2-5680-4209-a032-0691e4dfba06 Poor Audits - https://www.accountingtoday.com/news/irs-continues-to-audit-poorest-families-more-heavily-this-year SPAC Disclosure - https://www.wsj.com/articles/sec-considers-new-disclosure-rules-for-spacs-11648654298 Transparent Salaries - https://nypost.com/2022/03/27/new-pay-transparency-laws-can-help-in-salary-talks/?utm_source=reddit.com FTC sues Intuit - https://money.yahoo.com/ftc-sues-intuit-for-turbotax-195908146.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAA-fQ9jxQXiSrV7ZSloumVhGOFSQW05vd23PQxF50qxSdX2rKZR95u-JzI-EABMH9mZViuNhCKEsk1VrZoMPVezxDmrDrDK0Ip_oMX0DNCyJ3TA4GEhTHRJYc_5nk1Od6cLpICLUzHzWiVQEE7sRmNnsRS2LHPgBECBN-2l7e6Tb None of Our Businesses Episode 114, April 2022
The None of our Businesses crew along with long time friend AJ Wheeler gather to talk about how New York will be dealing with cannabis legalization, how the IRS's hiring wave may not be successful, the Big Four getting minimal penalties for breaking auditing rules, corporations using inflation as a cover to raise prices, and Netflix has plans to charge for letting friends and family sharing passwords. New York Cannabis - https://www.forbes.com/sites/chrisroberts/2022/03/10/new-york-marijuana-sales-could-begin-as-early-as-this-fall-and-drug-war-victims-will-be-first-sellers/?sh=3b439b201d0a IRS Hiring - https://www.accountingtoday.com/news/irs-plans-to-hire-thousands-more-employees-likely-to-fall-short Big 4 Wrist Slaps - https://www.goingconcern.com/sec-investigating-big-4-non-audit-services-audit-clients/?utm_source=feedly&utm_medium=rss&utm_campaign=sec-investigating-big-4-non-audit-services-audit-clients Corporate Inflation - https://scheerpost.com/2022/03/13/corporations-are-shamelessly-using-inflation-as-a-cover/ Netflix Fees - https://www.cnn.com/2022/03/16/media/netflix-password-sharing-test/index.html None of Our Businesses Episode 113, March 2022
The None of our Businesses crew gather to discuss how businesses may be technically related to cannabis banking, fantasy writer Brandon Sanderson was incredibly successful in raising millions to self publish a new novel, concerns over a possible revolving door scheme involving the Big Five and the government, the Sackler family to pay six billion dollars for their part in the US opioid crisis, and how resume gaps are not seen as negatively as they once were. Cannabis Relations - https://harrisbricken.com/cannalawblog/cannabis-banking-all-businesses-are-marijuana-related-businesses/ Fantasy Kickstarter - https://www.cnbc.com/2022/03/03/brandon-sanderson-kickstarter-tops-19-million-in-two-days.html Opioid Payback - https://www.bbc.com/news/world-us-canada-60610707 Resume Gaps - https://www.cnn.com/2022/03/02/success/resume-gap-career-break/index.html None of Our Businesses Episode 112, March 2022
The None of our Businesses crew gather to talk about how companies may survive brand blunders due to miscommunication, phishing schemes targeting tax professionals, crypto app downloads skyrocketed due to Super Bowl ads, organizational tips for accounting firms, and a restaurateur needing to spend a lot on security. Brand Blunders - https://en.wikipedia.org/wiki/Brand_blunder Tax Phishing - https://www.accountingtoday.com/news/new-phishing-scheme-targets-tax-pros-irs-says Super Bowl Crypto - https://techcrunch.com/2022/02/17/super-bowl-ads-boosted-crypto-app-downloads-by-279-led-by-coinbase/ Accounting Organization - https://www.accountingtoday.com/list/5-organizational-best-practices-all-accounting-firms-should-follow Restaurant Security - https://www.cnbc.com/2022/02/16/restauranteur-says-he-spends-around-750000-on-security-to-deal-with-unruly-diners.html None of Our Businesses Episode 111, March 2022
The None of our Businesses crew gather to discuss the pros and cons of moving to a four day workweek, new equity rules proposed by the SEC, and the silver lining to the great resignation. Four Day Workweek - https://www.cnbc.com/2022/02/11/the-four-day-workweek-helped-online-retailer-primary-cure-employee-burnout.html SEC Equity Rules - https://www.journalofaccountancy.com/news/2022/feb/sec-proposes-new-rules-private-equity.html Resignations' Silver Lining - https://www.accountingtoday.com/list/is-there-a-silver-lining-to-the-great-resignation-for-auditors?utm_source=house-list&utm_medium=email&utm_campaign=act-subs-nb-content_drip-great_resignation_sequel&utm_content=email_2&bt_ee=bDe9J95v73J%2BADdf0CV%2FenuOQf%2BXXUN5dWC2yKlbvJ8bfCzUUTFdlkNaqiks9g%2Bo&bt_ts=1644526873002 None of Our Businesses Episode 110, February 2022
The None of our Businesses crew gather to talk about the development of iPhones to be able to accept credit cards, rising salaries in the big four to combat the wave of resignations, the top ten crimes against the IRS in 2021, malls beginning to add apartments to help dwindling numbers, and Taco Bell is opening a university to help educate franchise owners. iPhone Terminals - https://www.bloomberg.com/news/articles/2022-01-27/apple-to-let-iphones-accept-credit-cards-without-extra-hardware?utm_medium=social&utm_content=business&utm_campaign=socialflow-organic&cmpid=socialflow-facebook-business&utm_source=facebook&fbclid=IwAR2nN4-iUfL3-BvKo6aLIgSIS3K4itb2zRXVAc_nHGh-bNIfjSqGeyCgTBg Big Four Resignations - https://www.cityam.com/kpmg-invests-160m-into-upping-salaries-as-big-four-face-the-heat-in-battle-for-talent/ IRS Crimes - https://www.irs.gov/newsroom/irs-ci-counts-down-the-top-10-cases-of-2021 Mall Apartments - https://www.ocregister.com/2022/01/25/malls-adding-apartments-to-offset-dwindling-numbers-of-shoppers/ Taco Bell University - https://www.marketwatch.com/story/taco-bell-launching-a-business-school-for-prospective-franc7hisees-11642597289?mod=mw_latestnews None of Our Businesses Episode 109, February 2022
The None of our Businesses crew gather to discuss Mark Cuban's affordable pharmaceuticle company, the controversial CEO who fired 900 employees over zoom resumes duties, accounting tips for dealing with cryptocurrency, El Salvador has invested millions in bitcoin while adopting it as legal currency, and the IRS has agreed to dial back their automated penalty notices. Cost Plus Drugs - https://www.forbes.com/sites/lisakim/2022/01/20/billionaire-mark-cuban-opens-online-pharmacy-to-provide-affordable-generic-drugs/?sh=31893113e4a3 Better CEO - https://www.nbcnews.com/business/business-news/ceo-laid-900-workers-zoom-returns-break-duties-rcna12772 Cryptoasset Accounting - https://www.journalofaccountancy.com/news/2022/jan/cryptoasset-accounting-tips-common-scenarios.html Crypto in El Salvador - https://www.forbes.com/sites/zacharysmith/2022/01/21/el-salvador-buys-15-million-worth-of-bitcoin-really-cheap-president-crows-as-selloff-continues/?sh=3dc0017860ed IRS Notices - https://www.accountingtoday.com/news/irs-agrees-to-ease-automated-penalty-notices None of Our Businesses Episode 108, February 2022
The None of our Businesses crew gather to talk about Martin Shkreli unethically inflating malaria drugs leading to his ban from the pharmaceutical industry, Amazon's intention to increase the price of their annual Prime membership, more PPP fraud in the tens of millions conducted in Oregon, the tax platform called April launches with the power of AI, Oscar Mayer has sold out of face masks which make it look like you put a slice of bologna on your face. Martin Shkreli - https://www.newsweek.com/martin-shkreli-gets-lifetime-ban-pharmaceutical-industry-inflating-cost-malaria-drugs-1669653 Prime Price Hike - https://www.yahoo.com/now/amazon-prime-could-see-another-175926997.html More PPP Fraud - https://www.mercurynews.com/2022/01/07/covid-fraudster-who-bought-property-tesla-stock-with-stolen-cash-is-caught/ April Tax Platform - https://www.accountingtoday.com/news/ai-powered-tax-platform-april-launches-after-10m-seed-round Bologna Face Mask - https://www.cnn.com/2022/01/20/business/bologna-mask-oscar-mayer-sold-out/index.html None of Our Businesses Episode 107, January 2022
The None of our Businesses crew gather to discuss tax leaders may be looking to advanced tech to enhance their skills, this tax season may be full of delays due to backlogs at the IRS, specifications of the reference tax system, Mississippi showing how behind they are on the discussion of cannabis regulation, and cats sitting on Starlink satellites to keep warm. Tax Tech - https://www.accountingtoday.com/news/tax-leaders-looking-for-better-tech-skills Delayed Taxes - https://www.politico.com/news/2022/01/10/treasury-tax-filing-season-526833?cid=apn Mississippi Reefer - https://www.marijuanamoment.net/mississippi-senate-votes-to-legalize-medical-marijuana-defying-governors-veto-threat/ Cat Satellites - https://gizmodo.com/if-i-fits-i-sits-starlinks-self-heating-internet-sate-1848327155 None of Our Businesses Episode 106, January 2022
The None of our Businesses crew gather to talk about tips for elevating businesses in 2022, the concern over how much easier it is to pirate movies and shows from streaming sites, the factors for determining worker classifications, certain transactions of payment apps like PayPal or Venmo will need to be reported to the IRS, price-fixing chickens, and the issue around financial accounting income not being able to determine tax base. Elevating Business - https://www.accountingtoday.com/news/5-ways-finance-teams-can-elevate-their-businesses-in-2022 Streaming Pirates - https://www.polygon.com/22868589/matrix-resurrections-black-widow-torrent-streaming-release FinTech Reports - https://www.dailymail.co.uk/news/article-10372327/Venmo-PayPal-Cash-App-report-transactions-totaling-600-IRS.html Buying Chickens - https://www.yahoo.com/now/chicken-price-fixing-case-ends-005723085.html None of Our Businesses Episode 105, January 2022
The None of our Businesses crew gather to discuss analysis paralysis around data analytics, self replicating robots called xenobots which happen to look like Pac-Man, making money through innovations in the poop industry, Musk is making waves on twitter again this time through heated debate with Elizabeth Warren, how Powerball winners may be taxed resulting in a lower payout than expected. Data Analytics - https://www.accountingtoday.com/news/3-steps-to-improving-your-accounting-data-analytics-results Xenobots - https://www.npr.org/2021/12/01/1060027395/robots-xenobots-living-self-replicating-copy Poop Money - https://news.crunchbase.com/news/vc-poop-startups-agricultural-human-waste/?utm_source=cb_daily&utm_medium=email&utm_campaign=20211213&utm_content=intro&utm_term=content&utm_source=cb_daily&utm_medium=email&utm_campaign=20211213 Musk vs. Warren - https://www.cnn.com/2021/12/15/investing/elon-musk-elizabeth-warren-taxes/index.html Powerball - https://www.cnbc.com/2021/12/16/powerballs-jackpot-is-353-million-mega-millions-is-at-160-million.html None of Our Businesses Episode 104, January 2022
The None of our Businesses crew gather to talk about a credit card which can be used at dispensaries, debt collectors can now contact you through texting and social media, considerations for new lease accounting rules, someone spending $1.6 million in fraudulent PPP loans, and the incoming psychedelic industry. Cannabis Credit - https://techcrunch.com/2021/12/01/supernet-credit-card-cannabis-weed-dispensaries/ Texting Debt Collections - https://www.cnbc.com/2021/12/07/debt-collectors-can-text-email-and-message-you-on-social-media.html Lease Accounting - https://news.crunchbase.com/news/asc842-new-lease-accounting-rule-ipo-spac/?utm_source=cb_daily&utm_medium=email&utm_campaign=20211206&utm_content=intro&utm_term=content&utm_source=cb_daily&utm_medium=email&utm_campaign=20211206 PPP Fraud - https://www.cbsnews.com/news/lee-price-iii-ppp-loans-fraud-prison/ Shroom Business - https://www.cbc.ca/news/canada/calgary/psychedelics-drugs-psygen-calgary-1.6245793 None of Our Businesses Episode 103, December 2021
The None of our Businesses crew gather to talk about Facebook facing trouble trying to change its name to Meta by an anti-capitalist organization of the same name, cargo shipping companies being fined for sitting in the ocean, Uber fudging the numbers to hide their actual losses, a proposed tax plan which would result in much higher taxation for billionaires scuttled by the same billionaires, Kevin O'Leary shares what he considers a major red flag on a resume. Fighting Meta - https://www.commondreams.org/news/2021/10/29/hands-varoufakis-tells-zuckerberg-after-facebook-steals-meta-name-anti-capitalist Shipping Fines - https://www.cnbc.com/2021/11/02/port-of-los-angeles-gene-seroka-fines-for-lingering-cargo-starting-to-help.html Uber Losses - https://techcrunch.com/2021/11/04/uber-squeaks-tiny-adjusted-profit-in-q3-despite-2-4b-net-loss/ Billionaire Tax - https://www.forbes.com/sites/giacomotognini/2021/10/29/these-billionaires-might-have-just-dodged-a-333-billion-tax-bullet-thanks-to-revised-tax-proposal/?sh=313fb9b5fbde Resume Red Flag - https://www.cnbc.com/2021/11/04/kevin-oleary-on-the-biggest-resume-red-flag.html None of Our Businesses Episode 101, November 2021
The None of our Businesses crew gather to discuss optimizing tax departments through data strategies, Boston Beer disposed of more than a million cases of excess hard seltzer, finding the best staff to fit your company culture, the IRS is starting to use videoconferencing to meet with businesses, Facebook is rebranding itself as Meta, and 100 ships are backed up outside of Los Angeles' ports causing unfortunate pollution for nearby communities. Data Strategies - https://www.accountingtoday.com/list/5-data-strategies-to-optimize-your-tax-department Boston Beer - https://www.cnbc.com/2021/10/22/boston-beer-tossed-millions-of-cases-of-excess-truly-hard-seltzer-chairman-says.html?recirc=taboolainternal Hiring Culture - https://www.journalofaccountancy.com/podcast/guy-gage-firm-culture-hiring-part-2.html IRS Videoconference - https://www.accountingtoday.com/news/irs-begins-using-videoconferencing-to-meet-with-big-businesses Meta - https://www.msn.com/en-us/news/technology/facebook-changes-name-to-meta-mark-zuckerberg-announces-company-rebrand-as-it-moves-to-the-metaverse/ar-AAQ46rd?ocid=msedgdhp&pc=U531 100 Idling Ships - https://www.nbcnews.com/business/100-ships-idle-offshore-california-communities-see-rise-toxic-pollutan-rcna3984 None of Our Businesses Episode 100, November 2021
The None of our Businesses crew gather to discuss Levi's opening a large number of physical stores even with online success, new lease accounting standards are going into effect before the end of the year, a South Korean internet service provider is suing Netflix for high traffic network usage due to the new show Squid Game, client advisory service has seen a substantial growth in regards to client fees per professional. Levi's - https://www.cnbc.com/2021/10/17/why-levis-is-opening-100-new-stores-as-covid-online-sales-boom-grows.html Lease Accounting - https://www.journalofaccountancy.com/news/2021/sep/nonpublic-organizations-lease-accounting-standards-implementation.html Squid Game Debacle - https://www.reuters.com/business/media-telecom/skorea-broadband-firm-sues-netflix-after-traffic-surge-squid-game-2021-10-01/ CAS Growth - https://www.journalofaccountancy.com/news/2021/oct/cas-practices-20-percent-growth-rate.html None of Our Businesses Episode 99, October 2021
The None of our Businesses crew gather to talk about a strike of workers at John Deere, the impracticality of opting into a C Corp tax structure for most small businesses, Best Buy acquires Current Health to move further into the healthcare industry, and the penalty for fraud. Deere Strike - https://www.desmoinesregister.com/story/news/2021/10/14/john-deere-strike-2021-uaw-contract-union-negotiations-iowa-illinois-kansas/8450157002/ C Corp Magic Shield - https://www.linkedin.com/pulse/c-corp-magic-shield-probably-doesnt-work-tyee-carr-cpa-/ Best Buy Benefits - https://www.cnbc.com/2021/10/12/best-buy-is-acquiring-british-health-care-company-current-health.html None of Our Businesses Episode 98, October 2021
The None of our Businesses crew gather to discuss the proposal of a 15% global minimum tax rate, the impact of the microchip shortage on holiday shopping, accountants migrating around the profession to different firms, Yellen's opposition to using a trillion dollar platinum coin as a solution for the federal debt limit, Facebook went down for several hours had an impact on many small business owners, the unfair taxation on income not yet received. Global Tax Rate - https://www.theguardian.com/business/2021/oct/05/global-deal-on-15-minimum-tax-rate-for-multinationals-edges-closer?CMP=Share_iOSApp_Other Chip Shortage - https://hayspost.com/posts/5166ea34-e741-44b6-a84a-444b96531004 Resignations - https://www.accountingtoday.com/list/its-not-the-great-resignation-its-a-mighty-migration Platinum Coin - https://seekingalpha.com/news/3749271-yellen-opposes-trillion-dollar-coin-solution-for-debt-limit Facebook Outage - https://www.nbcnews.com/business/business-news/after-hours-long-outage-small-business-owners-lament-reconsider-dependence-n1280838 Unfair Taxes - https://www.linkedin.com/pulse/taxed-income-received-fair-tyee-carr-cpa-/?published=t None of Our Businesses Episode 97, October 2021
The None of our Businesses crew gather to talk about a successful stock trading hamster, expanded tax benefits to help people making charitable contributions, the US government proposing raising the debt ceiling, and the IRS is not allowed to use tax evaluations to rank their employees. The Crypto Hamster - https://www.npr.org/2021/09/25/1040683057/crypto-trading-hamster-goxx-warren-buffet-s-p-500 Charitable Contributions - https://www.irs.gov/newsroom/expanded-tax-benefits-help-individuals-and-businesses-give-to-charity-during-2021-deductions-up-to-600-available-for-cash-donations-by-non-itemizers Debt Ceiling - https://seekingalpha.com/news/3746436-can-a-trillion-dollar-coin-solve-the-debt-ceiling-impasse?lctg=60aeaec277b88726cd6e9ec0&mailingid=25190916&messageid=wall_street_breakfast&serial=25190916.257036&userid=48005578&utm_medium=email&utm_source=seeking_alpha#comments IRS Tax Evaluations - https://www.treasury.gov/tigta/auditreports/2021reports/202130052fr.pdf None of Our Businesses Episode 96, October 2021
The None of our Businesses crew gather to discuss a decrease in drug testing in order to widen the market for new hires, international tax policies emerging via twitter, for the near future your rental car may be an older model due to microchip shortages reducing car production, and the IRS' plans to increase their revenue. Drug Testing - https://money.com/labor-shortage-jobs-no-drug-tests/?xid=applenews Tax Tweets - https://www.linkedin.com/pulse/international-tax-policy-emerging-via-tweet-tyee-carr-cpa-/ Older Rental Cars - https://www.latimes.com/business/story/2021-09-13/car-rental-problems-persist-until-at-least-2022 Increased IRS Funding - https://www.cbo.gov/publication/57444 None of Our Businesses Episode 95, September 2021
The None of our Businesses crew gather to talk about the demand for workers levelling off, General Motors has shut down eight factories due to a chip shortage caused by a semiconductor scarcity, the unfortunate backlog of unpaid bills as pandemic benefits end, Reddit is making moves to go public on the stock market with an IPO next year, and lumber costs seem to be going down which will hopefully reach the consumer sometime soon. Job Postings - https://www.wsj.com/articles/job-postings-level-off-as-delta-variant-cools-demand-for-in-person-workers-11631093400 GM Chip Shortages - https://news.sky.com/story/general-motors-halts-production-at-eight-north-american-factories-due-to-chip-shortage-12398110 Expiring Benefits - https://www.bloomberg.com/news/articles/2021-09-05/jobless-americans-are-stuck-in-backlog-nightmare-as-pandemic-benefits-expire?utm_campaign=news&utm_medium=bd&utm_source=applenews Reddit Going Public - https://www.reuters.com/technology/exclusive-reddit-seeks-hire-advisers-us-ipo-sources-2021-09-02/ Lumber Costs - https://fortune.com/2021/08/28/lumber-prices-2021-chart-update-price-of-lumber-going-down-sharply/ None of Our Businesses Episode 94, September 2021
The None of our Businesses crew gather to discuss reasons why staff are leaving your accounting firm, the east asian youth's philosophy of “Lying Flat” in a highly competitive job market, whether or not the R&D Tax Credit is still safe to claim, and Bronson's Virgin Galactic is being investigated by the FAA for veering off course during flight Unity 22. Staff Are Leaving - https://www.accountingtoday.com/list/5-reasons-staff-are-leaving-your-firm Lying Flat - https://www.cnn.com/2021/08/28/economy/china-japan-korea-youth-intl-dst-hnk/index.html R&D Tax Credit - https://www.accountingtoday.com/opinion/irs-lists-r-d-tax-credit-among-its-dirty-dozen-so-is-it-still-safe-to-claim Virgin Galactic Grounded - https://www.cnn.com/2021/09/02/tech/richard-branson-virgin-galactic-space-danger-scn/index.html None of Our Businesses Episode 93, September 2021
The None of our Businesses crew to talk about how elective surgeries are being prioritized during a new wave of packed hospitals, a photo of a rock was sold as an NFT for $1.3 million, a cyber attack on Memorial Health System, a tech exec goes to prison for successfully getting millions in PPP loans for fake companies, Delta Air Lines charging a higher insurance rate for the unvaccinated. Elective Surgeries - https://www.statnews.com/2021/08/13/elective-surgeries-delayed-again-doctors-response/ Rock Pics - https://www.cnbc.com/2021/08/23/people-are-paying-millions-of-dollars-for-digital-pictures-of-rocks.html?__source=androidappshare&utm_source=Iterable&utm_medium=email&utm_campaign=campaign_2772736 Health System Cyber Attack - https://www.wtap.com/2021/08/15/memorial-health-systems-experiences-cyber-attack/ PPP Fraud - https://www.ien.com/home/news/21627300/tech-exec-gets-2-years-for-18m-covid-fraud?lt.lid=6126625ed6ef1c746039fcdd<.usr=6911F3546689H5A&utm_source=IMCD210819007&utm_medium=email&utm_campaign=08252021&utm_term=IMCD210819007&oly_enc_id=6911F3546689H5A Delta's Insurance - https://www.reuters.com/business/aerospace-defense/delta-add-200-monthly-health-insurance-charge-unvaccinated-staff-2021-08-25/ None of Our Businesses Episode 92, August 2021
The None of our Businesses crew discuss the possibility for the denial of unemployment benefits for those who get fired for being unvaccinated, Taco Bell's ingredients shortage limiting their menu availability, companies having to revise their fall plans as Carona cases rise again, slime mold called “The Blob” is being sent to the International Space Station to study how it may be affected by microgravity. Unemployment Benefits - https://www.cnbc.com/video/2021/08/06/those-fired-for-being-unvaccinated-could-be-ineligible-for-jobless-benefits.html IU Vaccine Requirements - https://www.cnbc.com/2021/08/12/supreme-court-rejects-challenge-to-indiana-universitys-vaccination-requirement.html Taco Bell - https://www.cbsnews.com/news/taco-bell-food-shortage-chicken-beef-lettuce-tortillas/ Ditching Plans - https://www.wsj.com/articles/companies-thought-they-had-a-plan-for-fall-now-they-are-scrapping-it-11628415001 Space Blob - https://www.vice.com/en/article/5dbqqq/a-brainless-blob-that-can-think-is-being-sent-to-space-to-see-what-happens None of Our Businesses Episode 91, August 2021
The None of our Businesses crew talk about the extension of the eviction moratorium, Robinhood has an unsuccessful first day for an IPO of its size, Ernst & Young charged with auditing misconduct, more nations have been winning gold than ever before, and China is planning to activate the first clean nuclear reactor. Eviction Moratorium - https://www.wsj.com/articles/house-adjourns-without-extending-covid-19-eviction-moratorium-11627684248 Robin Hood - https://finance.yahoo.com/news/robinhood-flirts-worst-debut-ever-172454124.html EY Misconduct - https://www.accountingtoday.com/news/sec-charges-ey-and-partners-with-audit-independence-misconduct?position=editorial_1&campaignname=V2_ACT_Daily_20210503-08032021&utm_source=newsletter&utm_medium=email&utm_campaign=V2_ACT_Daily_20210503%2B%27-%27%2B08032021&bt_ee=2k8ei32c%2BraD6KYheKBlJ2O3weITp3J7yZ5GAknmM5aukYR6USS%2FVoG285xbL1oo&bt_ts=1627984834257 Olympic Gold - https://www.nbcolympics.com/news/powerhouses-parity-more-nations-winning-medals-ever Clean Nuclear Power - https://www.livescience.com/china-creates-new-thorium-reactor.html None of Our Businesses Episode 90, August 2021
The None of our Businesses crew discuss the space race currently being run by billionaires, the willingness to help Mom & Pop Shoppes, Microsoft predicting a high number of people to be quitting their jobs in the near future, businesses choosing whether or not to require masks again, and why Portland has been seeing fewer speeding tickets. Space Race - https://boondoggle.substack.com/p/the-not-so-private-space-race Mom & Pop Shoppes - https://www-cleveland-com.cdn.ampproject.org/c/s/www.cleveland.com/opinion/2021/07/mom-pop-stores-need-us-back-at-work-jon-kozesky.html?outputType=amp Quitting Trends - https://www.windowscentral.com/microsoft-predicts-people-may-quit-their-jobs-this-year Re-masking - https://thehill.com/business-a-lobbying/565324-retailers-face-tough-decision-on-requiring-masks-again Portland Traffic - https://www.kgw.com/article/news/local/speeding-tickets-are-way-down-in-portland/283-600087cc-248f-4775-b64a-a4f1a1ae42d2 None of Our Businesses Episode 89, August 2021
The None of our Businesses crew talk about how long the effects of the stimulus packages will last, the Dow closes with its worst day this year, how masters degrees may or may not payoff, jobs which were lost due to the pandemic may not come back, and Intuit opting out of its free file program. Lasting Stimulus - https://www.washingtonpost.com/business/2021/07/12/coronavirus-spending-economy/ Low Dow - https://www.nbcnews.com/business/business-news/dow-drops-700-points-fears-covid-rebound-n1274356 Masters Degrees - https://www.wsj.com/articles/financially-hobbled-for-life-the-elite-masters-degrees-that-dont-pay-off-11625752773?mod=e2fb&fbclid=IwAR0FkIcP2V5eA1KYQ8Oz8ZuKYU8IdA0-rSLnazIj0zc74YM-cPtY4Z_eRxM_aem_AdGvJ2-qUorGQSpWkj0-z5hOfjm4uQST_80wgBxvLzJzEyNipTqRuf5aXwj28QW-EPs9fdhQv-K4lxW8iLgn1ighC-RLb_4OMgCWuBcYaBcmNy4Zy4SkHS2TM1b1Ng6AKK8 Lost Jobs - https://www.marketwatch.com/story/many-jobs-lost-during-the-pandemic-just-arent-coming-back-11626360481 Intuit Free File- https://apple.news/ACs3ZLO6zT0qIu0k4aCZXTQ None of Our Businesses Episode 88, July 2021
The None of our Businesses crew discuss the confiscation of $1 billion in illegally grown cannabis, a British microchip factory has been taken over by a state backed Chinese company, how the trucking industry may be affected by the legalization of cannabis, and the large amount of restaurant workers quitting their jobs. Confiscating Weed - https://nypost-com.cdn.ampproject.org/c/s/nypost.com/2021/07/07/la-county-authorities-seize-1-billion-in-weed-in-historic-takedown/amp/ British Factory Taken Over - https://www.breitbart.com/europe/2021/07/07/communist-china-seizes-control-of-britains-largest-microchip-factory/ Cannabis Trucking - https://www.benzinga.com/markets/cannabis/21/06/21745228/trucking-industry-looks-at-cannabis-legalization-and-what-it-means-for-thousands-of-drivers Quitting Restaurants - https://finance.yahoo.com/news/restaurant-workers-are-quitting-like-crazy-morning-brief-090741854.html None of Our Businesses Episode 87, July 2021
The None of our Businesses crew talk about Japan's government supporting a four day workweek, restaurant's hiring robots rather than paying their human employees more, how Non-fungible Tokens may be taxed in various circumstances, two brothers disappear with 2.5 billion in bitcoin investment funds, and how to deliver bad news to your clients while maintaining a good relationship. Four Day Work Week - https://mainichi.jp/english/articles/20210619/p2g/00m/0na/014000c Restaurant Robots - https://www.businessinsider.in/policy/economy/news/restaurants-are-starting-to-hire-robots-instead-of-people-who-are-demanding-higher-pay/articleshow/84053058.cms NFT Taxes - https://www.journalofaccountancy.com/news/2021/jun/tax-consequences-of-nfts-nonfungible-tokens.html Crypto Heist - https://www.thesun.co.uk/news/15390502/bitcoin-brothers-vanish-with-2-5billion-in-investor-funds/ Bad News - https://www.accountingweb.com/practice/clients/how-to-tell-clients-bad-news-without-losing-them None of Our Businesses Episode 86, July 2021
The None of our Businesses crew discuss whether or not people consider their job as useless, American Airlines can't find enough people to staff their flights, a Swiss political party with a strong stance against Powerpoint, and a gold mine is promising jobs while potentially harming the local ecosystem in Haines, Alaska. Useless Jobs - https://www.cam.ac.uk/research/news/one-in-twenty-workers-are-in-useless-jobs-far-fewer-than-previously-thought Understaffed Airlines - https://www.cnn.com/2021/06/20/business/american-airlines-flights-canceled-labor-shortages/index.html Anti-PowerPoint Party - https://en.wikipedia.org/wiki/Anti-PowerPoint_Party Alaskan Goldmining - https://www.theguardian.com/us-news/2021/jun/22/alaska-haines-village-salmon-fishing-gold-mine?CMP=oth_b-aplnews_d-1 None of Our Businesses Episode 85, June 2021
The None of our Businesses crew talks about international chocolate production using child labor, millions of people quitting their jobs with the hopes of finding something better, if lower lumber prices are actually a good sign, China forcing out their resource heavy bitcoin miners. Child Labor - https://fortune.com/2021/06/17/child-labor-case-supreme-court-big-chocolate-nestle-cargill-scotus/ Quitting Jobs - https://www.cnbc.com/2021/06/09/4-million-people-quit-their-jobs-in-april-to-find-better-work.html Lumber Prices - https://www.barrons.com/articles/lumber-prices-drop-transitory-inflation-51621449913 Chinese Bitcoin Miners - https://www.cnbc.com/2021/06/15/chinas-bitcoin-miner-exodus-.html None of Our Businesses Episode 84, June 2021
The None of our Businesses crew discuss Apple employees desiring the option to stay remote, job searches declining despite an early cancelation of unemployment benefits, eBay is no longer allowing sellers to use PayPal, and being able to see what others are spending through exchange apps. Remote Apples - https://appleinsider.com/articles/21/06/05/apple-employees-ask-for-more-flexible-remote-work-options Job Searches - https://finance.yahoo.com/news/job-searches-fell-in-states-canceling-unemployment-benefits-early-183421915.html?guccounter=1 Paypal at eBay - https://news.yahoo.com/ebay-sellers-no-longer-paypal-130415195.html Neighbor's Spending - https://money.com/obsessed-with-personal-finance/?xid=applenews None of Our Businesses Episode 83, June 2021
The None of our Businesses crew talk about a cyberattack on the largest meat supply chain in the U.S., whether or not Spongebob is costing you tax money, companies challenged to find new workers despite increasing wages, and the accountant's survival trap with the never ending busy season. More Cyberattacks - https://www.bloomberg.com/news/articles/2021-05-31/meat-is-latest-cyber-victim-as-hackers-hit-top-supplier-jbs?utm_campaign=news&utm_medium=bd&utm_source=applenews Viacom's Taxes - https://www.nytimes.com/2021/06/01/business/media/viacom-cbs-tax-scheme.html Finding Workers - https://www.cnbc.com/2021/06/02/beige-book-companies-are-paying-more-but-still-cant-find-workers.html Accountant's Survival Trap - https://www.accountingtoday.com/list/the-accountants-survival-trap-10-ways-to-escape Random Articles Tyee was bringing up during this episode: Labor Shortages - https://www.washingtonpost.com/outlook/2021/06/03/pandemics-have-long-created-labor-shortages-heres-why/ Shrinkflation - https://www.washingtonpost.com/business/2021/06/01/package-sizes-shrink-inflation/ None of Our Businesses Episode 82, June 2021
The None of our Businesses crew discuss the IRS' nex tax transcription tech which may be used in accounting firms in the near future, Amazon in the process of purchasing MGM Studios, how serious are WeWork's reported losses of more than $2 billion, cracking down on potentially predatory wholesaling house-flipping. Tax Transcripts - https://www.accountingtoday.com/news/irs-tests-secure-transcript-technology-for-tax-pros Amazon's MGM - https://www.cnbc.com/2021/05/26/amazon-to-buy-mgm-studios-for-8point45-billion.html WeWork's Losses - https://finance.yahoo.com/news/wework-reports-over-2-billion-214839113.html Wholesale Real Estate - https://www.bloomberg.com/news/articles/2021-05-25/u-s-states-take-aim-as-house-wholesalers-flood-poor-areas?utm_campaign=news&utm_medium=bd&utm_source=applenews None of Our Businesses Episode 81, June 2021