Founder and Director of Two Sides Accounting: Natalie Lennon established Two Sides Accounting to focus on small businesses, startups, and family-owned enterprises. Her firm emphasizes providing clients with the tools and guidance necessary to understand their financial situations and achieve their business goals. Chartered Accountant and Tax Agent: She holds a Graduate Diploma of Chartered Accounting and has extensive experience in both industry and public practice. Xero Expertise: Natalie is...

Based on my research, here are some key findings and speculations about potential new forms of accounting drudgery that may emerge in an AI-driven future: 1. AI model management and maintenance: As AI becomes more integrated into accounting processes, accountants may need to spend significant time fine-tuning, updating, and maintaining AI models to ensure they remain accurate and compliant with changing regulations. 2. Data quality assurance: While AI can process vast amounts of data,...

Hi Kevin, Thank you for being a long-time listener of The Accounting Podcast! I'm glad to hear the show has been informative and entertaining during your commutes. Let me address your question about automatic payments for variable invoice amounts. Several merchant services providers offer solutions for automatic payments with variable amounts, which would suit your needs as a custom home builder where invoice totals likely change month-to-month. Here are some options to consider: Helcim...

Here's a draft reply for Ma. Carmela de Torres: Dear Ma. Carmela, Thank you for reaching out about expanding your knowledge of US taxation. It's great to hear you're taking initiative with online courses. You're absolutely right that hands-on experience can be invaluable in this field. Regarding internship opportunities, there are several options you might consider: 1. Remote Tax Internships: Many accounting firms and companies offer remote tax internships, which could be ideal for your...

This article, published by Stuff on May 28, 2024, details a series of controversies and investigations surrounding EY New Zealand (EY NZ), a branch of the global accounting and professional services firm EY (formerly Ernst & Young). Here's a comprehensive analysis of the key points: EY is one of the "Big Four" global accounting and professional services firms. The issues at EY NZ began in February 2024 with the departure of the company's chair, Braden Dickson, over an "historical behavioural...

Based on the search results, one particularly interesting and trending topic in accounting that would likely engage your podcast listeners is: The Rise of AI and Machine Learning in Accounting This topic stands out as a significant trend for 2024 and beyond, with wide-ranging implications for the accounting profession. Here's why it would make for an engaging podcast discussion: 1. Transformative impact: AI and machine learning are no longer just buzzwords - they're becoming integral tools...

Based on the search results, several states are considering changes or alternatives to the 150-hour rule for CPA licensure: 1. Ohio: Ohio has been ahead of the curve for decades, offering alternative pathways to CPA licensure alongside the traditional 150-hour requirement. These alternatives include: A bachelor's degree, a score of at least 670 on the GMAT, and four years of experience (in place since 2000) An associate degree plus additional requirements (details not specified in the search...

The Synapse bankruptcy has affected customers of several fintech companies, leaving them unable to access their funds. Here are the key details: 1. Affected Companies and Customers: Customers of fintech companies like Yotta, Juno, Yieldstreet, and Copper have been unable to access their funds. Other affected companies include those that partnered with Synapse for banking services. 2. Scale of the Impact: Over 100,000 Americans with approximately $265 million in deposits have been...

There have been numerous assassination attempts on U.S. Presidents throughout history. While four sitting presidents were successfully assassinated, many more attempts have been made on both sitting and former presidents. Here's a summary: Four U.S. Presidents were assassinated while in office: 1. Abraham Lincoln (1865) 2. James A. Garfield (1881) 3. William McKinley (1901) 4. John F. Kennedy (1963) Additionally, several other presidents survived assassination attempts: Andrew Jackson...