37 Burst results for "Accountant"
Fresh update on "accountant" discussed on Greater LA
"We have ah, very politicized issue, and there could be enough votes on the court to take it in order, really, to protect the president. I think we should remind people that even though this might be resolved before the election, this this particular part of the litigation that doesn't mean that any of us are going to see what's in any of these records. It's a grand jury subpoena. Grand jury documents or secret we would unless there was an illegal leak. We would only see what's in these documents. Presumably if Vance actually brought charges against someone, and they were and they were introduced as evidence at a trial, and we think that the reason that he would be interested in these records from Trump's accountants. The advance already has Trump's taxes because those were filed with the government. The question is, if there were false statements in the tax documents, what was the intent? Did Trump know that they were making false statements? Or can he blame the accountant? And if you look at drafts and communications, you might get a bit you might get better clarity on who made whatever decisions were made about what those documents would say. Right. So if there's a dialogue with the accountants about what can or can't be claimed, if there's advice from the accountant? No, You can't do that. If there is, ah, communication that shows consciousness at some particular claim or other is invalid. All that is sort of thing that prosecutors would look at. To try to make any sort of tax fraud or bank fraud charges Stick. One piece of this investigation is those hush payments to stormy Daniels. And speaking of stormy Daniels, listeners will recall the saga around her president. Trump said her accusations that he had someone threatened her in a parking lot. Where a quote con job So she sued him for defamation for accusing her of lying. Or she did that in conjunction with her attorney, Michael have a naughty remind me, Ken is Michael. Evan, I need a good lawyer. Well, he may be one of the best lawyers in his cell block, but I don't think these objectively a very good lawyer overall. Right, So I have a naughty and Daniel's brought this claim they lost. They lost badly enough that stormy Daniels is responsible for the president's legal fees because that tweet that he made was not a provable statement of fact, it was an opinion about a matter of public concern. And so then she appealed that ruling. And now she's lost again in the ninth Circuit Court of Appeals, which upheld the order that she has to pay the president's attorney's fees. Wasn't this a pretty clear cut loss for her? Why would she have appealed? Well, she might have appealed because she got terrible advice. I mean, it was Abba Nadie, who at the time had not yet been charged with federal felonies in three different cases who filed the appeal on her behalf and boasted that it was certain Toa win. It wasn't certain when it was almost certain to lose because, as you suggested, Josh, the president's tweet was pretty clearly. Rhetoric and hyperbole, something that was not susceptible to defamation analysis. So now she's in the position where she's going to get hit with emotion for fees on appeal. She's already been hit with more than $300,000 in attorney's fees. In this case, I think you can expect at least another 100 150,000 off of this appeal. So, ah, that was a bad choice and left. Parness is also in more trouble left. Parness had already been under indictment for his role in an alleged scheme to root foreign money to Republican political campaigns. Now. He is also indicted for conspiracy to commit wire fraud along with his business partner, David Korea. The government alleges that pornos in Korea induced atleast seven people to invest in their company fraud guarantee..
Fresh update on "accountant" discussed on Ace and TJ
"Goes by taking us farther and off. Away from those memories of the past. Do you remember remember that time? Remember when now you don't have to remember because when you do this is the Ace and TJ total, there's a new internet acronym called slam feeling like a mom and essentially though if you read up on what they're talking about most of the young women that are describing feeling like a mom has revolved wine with dinner into bed early watching a movie reading sleeping. That kind of stuff. So we asked what do you think being a mom is all about specifically the younger women but didn't want to share one response on Twitter that says chores lots of chores talking smack about the husband with their girlfriends. Now that's from a guy myself. Yeah, so this is a single women. What is it that you think stay-at-home moms too? And Rob said that that most of the calls we got were from stay-at-home moms explaining they do are we get that I have am married to a stay-at-home mom and she's been a stay-at-home mom way before we even had kids. I don't know how that worked out with the title, but it did so obviously in my own life my personal life. I feel like and my wife feels like that that that's the proper choice for us that she be a stay-at-home mom. So there's no way but I don't know what stay-at-home moms do. We're not trying to take away, you know anything from you you're still a martyr, you're still a victim you're still all of those things that women love to be and you can't stand to have it taken away from you. You're all of those and thought you we salute you now if you call here and you're single working lady or a working mom and you want to tell your story page you're able to get through which would be you'd have to be a magician at this point. I'll say the same thing. Nobody's trying to take away your martyrdom or victimhood home. We're not we're not trying to do that because we know that that is the kiss of death to a woman is taken away her victim status. We're off to the right half years Ashley Ashley. You're twenty-two years old. Is that right? Yes. Okay. And what is your idea of what the stay-at-home mom does so, I guess before I actually started working and getting to see them more often felt like they all I did was stay at home and cook clean and take care of the kids. But now that I work and actually an area that there's a ton of stay-at-home moms that doesn't seem to be the perception because I'm almost all of them have a nanny so there's not there. They can't be doing as much cleaning and cooking as I thought they were doing. So as far I know they go drop their kids off at school actually be helpful in the morning go to the gym and it's usually with friends then they come to Iraq in a restaurant actually in Ballantyne. And that's where I see a majority of them suck. Feel like they go to lunch every single day. We get the same exact customers pretty much all the time. Then they go pick up the kids from carpool. Then they come back you I feel like they do more maybe with their kids and Thursday after the kids come back to school and that's just what I see I could be wrong, but that's just what I see again to recap drop the kids off go to the gym lunch with friends wage then pick up the kids and do some stuff with them. Right and you're wrong if that's what you say. I mean, yeah, that's that's hurt me again seen this is the thing. You're not off all in the same situation, you know some some women do that some don't but she sees her and she's gotta be thankful for them or she wouldn't have a job over there often Tyne is an area of our home Market of Charlotte if you're sitting there wondering what she talking about. That's what she was talking. I can tell you when I was twenty-two stay-at-home moms basically paid my salary. I was the manager at A very upscale handbag store off and that's who bought all the handbags all day. I loved them. Come on stay-at-home. Mom do this. I don't think I'll stay at home moms drink wine all day. But the ones I know are little self-involved just from a lady constantly posting on Facebook looking at their friends and families Facebook pages. I know I could be a stay-at-home mom because I need to work keep my sanity. So hat is off to them for all they do but stay-at-home moms come across as a little self-involved. Yeah. Oh you come across as a little I'm kidding. Of course. I mean, you know, that's not what my wife does. She's one of them that does, you know things that aren't exactly that way. She doesn't drink wine during the day off. Um, I didn't hear her mention anything about playing on their iPad know whatever the latest version of Candy Crush is. And you know watching her shows. And that's all my wife does huh? And I'm kidding. Okay, my wife handles all of them. My wife is like the home accountant and and stuff. Which that was part of the deal getting married, you're going to have handle this or we'll never have a dime no matter how much money I make never has no problem being the person handling the money that she's going to head off the agency J. Totally gone podcast. You were asking what you had to unlearn because of your parents things your parents taught you that you had to unlearn Before we get to the really rare ones a few from our Facebook page that are pretty funny. I had to unlearn ripping a butt off of clothes then asking the cashier for a discount then so in that button back on at the house Lakes are bom to Del Sol store snapped the button off put in your pocket when you get off there's a button missing. Can I get discount? Sure, then she take it home and pull the button out of our pocket. So it back home pretty normal right racism has come up a couple of times that's good. People are unknown no racism from their parents. I had to unlearn that being a working mom was sin. Hm. How did you unlearn that I wonder I had to unlearn that it was okay to pile up the clean laundry until the weekend wage. So they would so they would wash it and dry then just pile it all up and pulled it on the weekends and put it away. So what it sounds like. Seems like you're really creating work for yourself in that case. Let's see. I had to unlearn how to behave in a restaurant like not leaving a tip or complaining about silly stuff like my chips are too crunched up or they're not enough whole chips or the ice is not pebbled and then leave a $1 tip. They drive me nuts. Now I go back to the table behind my parents every time I eat out with them and apologized over and over. I have a good one. I had to unlearn that you don't pass around each other's prescriptions when somebody needs a peel-off excellent, and I had to unlearn that..
Job hunting tips for cybersecurity professionals
"I WANNA jump from you know your your career to sort of general talk of career because obviously we have you know a career. Person Who's WHO's WHO's on podcast is is giving you know cybersecurity career advice and so forth. So I WANNA start with the big question that's you know keeps coming up on every podcast I'm sure you've asked head asked before but what are your thoughts on these so called cybersecurity skills gap or shortage? The is a conundrum. So like I said, I have degree not gonna mix I. Really Big. It's fine the bigger and I'm sitting gone it. If you really have cyber security skill gap, why is it so difficult at times higher somebody. So the first thing that I would ask is this, what is your definition of a cybersecurity professional when you're talking about a skills gap? If I have a seller who was selling services better cybersecurity special what about a project manager? Who is an IT project manager who is now working for a project that I'm dealing with installing June radar our sin at is that a savage professional or we talk about people that I like to say her keyboard eaters somebody doing the volmer ability scan. So staring eyes on glass or so that is doing pen testing or read. Those cyberspace? We need to figure it out and I recently saw a threat on leap. Dan. In a guy made really like point he goes, Hey, listen for short three million jobs one percent of the population of the United States and statistically speaking Nelson probably a hundred and fifty million professionals. So really. Two percent of the population are GONNA be in information security. Short much I really buy. So for same statistics everywhere that are just lies down licenses except I do not believe we have skills gap of three million people in cybersecurity with that. said I absolutely believe we have a skills gap. In what I consider the true cybersecurity keyboard beater the vulnerability near here. The is on last the ship somebody's comedy from Asia in hitting my system they should and then I have to escalate it threat hunting astronaut. Yeah I, think we need to understand what are we talking about wit cybersecurity nationals, but there is a gap in certain areas. Yeah and you know I think that's one of the things that we've discussed also that I've learned just by doing this podcast is that there's the cyber security is such a vast range of job types, job opportunities, and especially skills and backgrounds. You know there's so many jobs that we've talked about like risk assessment or. You know you know threat modeling or things like that. That don't need any real keyboard beating experience necessarily if your problems oliver if you can you know explain things to the client. Well, if you're good writer like you're you can get into the industry and so I think maybe there's also a perceptual issue people say, well, at loved jump over to cybersecurity but I don't I don't know how to do all that computer stuff but there's there's so many jobs that are not don't have anything to do with that aspect of it. I I had a lady reach out to me She's in Canada. She is an accountant auditor and she wants to get over to cyber. My wife actually does cyber security is well, she's on the compliance side and so interesting dinnertime compensation about her day were, and I told this this Canadian lady, it's easy topping over it's like if you were to fixing. Will work for Toyota. An audit is you know what compliance is. Now about ISO twenty, seven, O one in. Our region is yeah, right. So. Don't think it is great Great Point. Christopher audience don't think because you're doing something today that it doesn't correlate to Cyber Security Rahm. Yeah I had a a guy out here yesterday detailing my car is really nice. Very personable acid one you can get cybersecurity he likes meat while he's good with hands you know inspected lacking I need to know a little bit more about it, but I can certainly find places for him to go help work in the help desk. A great place to start because you see everything find out what's what's your favorite candy and the Columbus Door
One Thing all Entrepreneurs Must Do Well to Succeed
"So the first most important thing is you must get clarity. Because you can't message in the market that this is clear. So you think that's the hardest thing for people to focus on. I think believe it or not. It is absolutely among the hardest things it may not be the single. Hardest. Thing because different people have different levels of complexity with this, but it is absolutely one of the hardest phase you know even even people like Accountants have a hard time with us. You know it's pretty simple on that accountant. Well, what kind of account they're all different kinds of accountant some accountants specialize in the entertainment business who got a lot of specialty stuff some accountants specialising manufacturing concerns some do Dennis, some do doctors because these these people, the clients, they have certain common problems and they really good at solving those problems.
PPP Loans Help Nearly 200 Philadelphia Businesses
"Philadelphia businesses would get a crack at cash from the payroll protection program. Says it helped about 200 of those businesses, awarding a total of more than $7 million. Notably City Hall bureau chief Pat Lobe has the story. Dr. Santa Coriolis tried to get a P P P loan from two different large banks last spring when no one was coming to his cardiology practice, and it looked like you might have to lay off his six employees. He got nowhere. Then he heard about Linda Stry was almost like a breath of questions. I'll tell you, I was able to very quickly put my education. I was getting very clear. Frequent communications I felt included in the process industry is a community development. Financial institution CEO Everett San says its mission was to support businesses that for various reasons, big banks, including its partner, Goldman Sachs, wouldn't lend. Tio got Nell Stallone's Who got barbers We've got But restaurants we've got doctors, lawyers, accountants going to make sure their team members don't leave tryingto make sure they have enough money to make it through. It was a tiny fraction of the total lending but to customers like Dr Corey Alice met everything to me. Pat Lowe became Y. W NewsRadio, House Democrats will investigate whether the
Guide To Personal Financial Wellness by William Johnson
"Guide to personal financial wellness part two by William Johnson with FLEX SENSE DOT COM. Insurance. Insurance has two important functions when it comes to financial wellness one insurance protects the wealth and lifestyle that you have worked long and hard to build and to insurance protects your family's future. If you do not have anyone depending on your income then you might not need life insurance but health auto homeowners and disability are still required or good ideas to make sure that you're protected for an accident or disaster when you have a family that relies on you to keep a roof over their heads and food on the table. Then Life Insurance is a necessity. Typically, people look for enough insurance to cover their debt including student loans and. Mortgage, as well as a number of years of living expenses the proceeds of life insurance can be invested, which can factor into your calculations. For example, if your living expenses are thirty thousand dollars a year and you wanted to cover ten years of expenses in the immediate thought is the need three, hundred thousand dollars in life insurance. However, with market growth assumptions, you can buy a bit less insurance, invest the payout and get a similar level of income. When shopping for life, insurance get recommendations on agents and be sure you understand the difference between whole and term if the agent cannot adequately answer your questions using easy to understand terms about what they're recommending then find an agent can. Retirement. Retirement readiness a specific component of financial wellness is being on track to have the money saved to pay for your living expenses in retirement without worrying about running out of money if you live longer than you anticipate. When talking with someone about their desired retirement age there's one point that I really tried to drive home the day you retire you moving to another phase in your life currently you're earning income. When you're retired, you live solely off your investments and social security. This often gives people pause as their projected retirement income falls far short of what they think. They're living expenses will be if possible, wait to retire and start taking your social security, it'll give you longer to build your nest egg and less time to draw down building retirement savings is something that people do over the many decades of their career but many get started too late or hit a bump and raid their retirement savings to get around it. It is never too late to start saving for retirement and anything one saves is better than not saving at all. The two big factors to the amount of savings you'll have when you retire are one contributions and to asset allocation. The contributions are the amount of money that you have contributed to your retirement accounts up to the point that you start taking money out contributions made earlier in your career are worth more than contributions may later in your career because they've had. More. Time to grow the more years, you wait to retire the more years you can contribute to your retirement accounts. Asset allocation refers to what you have invested your retirement money into typically that is a mix of stocks and bonds. When you're younger, you can take more risk due to the longer time horizon until you retire and will hold more stocks than bonds. With our a few years until retirement, you cannot afford a downturn or recession when you need to start drawing on your savings for your living expenses. Thus you'll be more conservative and hold more bonds than you do stocks the more money you have invested and the longer it's invested, the more asset allocation affects the outcome. Estate. Estate Planning. Varies widely from person to person with everyone having different needs. At a basic level, it's setting up instructions on what should happen to you and your assets upon your death. If you have children who are minors then establishing who will care for them is the primary concern. Everyone should have an inventory of all assets, accounts and passwords. We recommend using password manager that you can keep in a safe place and that will be accessible to the surviving spouse or the executor of their estate. All retirement accounts should have a primary beneficiary and a secondary beneficiary you should have a will that covers your assets and living will to ensure that your decisions on your health are respected. Should you not be able to make them yourself? Additionally, a healthcare proxy should be specified to cover any gray area or new treatment options that are not covered by the leading will. As wealth grows in size as well as in diversity of assets estate planning becomes more complex and considerations grow. It is often worth it to consult an attorney and Accountant to walk through your options. Small steps and forward progress. Accomplishing financial wellness will take a lot of planning and effort. It is usually achieved by focusing on a single thing and working to improve it rather than trying to improve everything all at once a series of small winds adds up to a big win. That will keep you moving forward towards your financial goals and the momentum provided by each small win will keep you motivated getting in a good place with your personal finances and future planning is life changing. Your efforts are a gift to your future self put in the work today to make sure they are in the best position to be successful.
How To Hire For Skills You Don't Have
"As, the business owner your job is to get the right pieces of the puzzle the right players on your team succeed in your mission to succeed in your goal as a business. You can help find the right people in one perspective in terms of the culture fit for the team the right attitude, the right outlook, the potential for growth, all that kind of stuff. I, want to come to the actual technical knowledge and skills they need for a particular position like I said at the top of the episode, this could be like a developer. A social media marketer, an accountant finance person. A sales person. You may not be verse in every single skill in every single trade. So how do you hire the right person? How do you find this person and make sure you're getting the right talent? Many people go down the recruiter out the fine a recruitment agency to find the town for them. I personally haven't had really good luck in this area. Every time I've tried this I really didn't get the best fit. So I've tried a different row I've done this over the years, and now because our team is large enough and we have the right managers in place, I don't need to do this because those people can find me the right talent. But when you're starting out, you need a way to that people. To interview them and make sure you find the people that have the skills you need to pull off what you want enter the adviser you need to hire somebody who is an adviser, and you can do this for every department. So you can literally try to hire for a position. This could be an hourly position or contract for a certain period of time. Could be seen as like a project to make a higher for you. This person's job is to understand your needs to understand where your company's at what you're looking to achieve and help you find that town. This person is not going to do the job. Their job is defined you great talent. They don't have any other incentive other than to find you somebody. Brilliant. And by the way, this is not rare. You can find advisors in every department, a marketing adviser, a technical advisor, a financial adviser for business because there's a lot of top tier professionals that love helping businesses like yourself have high paying high stakes jobs elsewhere, but they may some free time on the weekend in the evenings to work on some passion. Projects to work with startups to work with growing businesses and help them out. Now, you might be saying, well, I'm going to spend some money to make a higher which will cost me money and this kind of held me back this thought this mindset at the start when I wanted to start finding talent. But here's the bottom line you can waste. Of Money by making the wrong higher by paying somebody month in a month out year in year out, and they're just the best most efficient best fit for the job you're gonNA. Save money in the long run and maybe even in the short term and also save time and effort by getting somebody to help you in this process. This is the process. Let me explain to you what you're going to do with these adviser so you're going to say. Advisor, we're going to get on a call I'm explain to you exactly what I'm looking for on look to achieve a little bit about the business or history where we're going our vision, our mission, all that kind of stuff. This is literally a thirty minute call, and from that call, we're GONNA be able to get a good understanding of what you actually need for this. Position, what kind of person what kind of skillset they know the jargon, all the lingo, all the certifications, they would need all that kind of stuff and the first step they're going to do is they're going to create a job description for you. They're going to ask you to fill in some blanks in the job description maybe about the business culture or maybe some adleman about. Hours or time offer benefits they then can help you with that job description and post it. We're they believe will get the best candidates for that position. Every industry will have their own kind of sites to find greytown. So if I was going to hire somebody to work remotely for me as a developer on my team, I would post on places like we work. Remotely up work maybe a large odds if there are a larval a developer, every kind of niche has a good place to post. They're going to recommend hey, this we should post his job you'll do for you or you can do yourself and just pay the fees from their people are going to apply to the job with applications are going to send their CV's resumes. This advisors going to help you sift through these. CVS's applications to screen them to make sure that, hey, these top candidates are worth our time for an interview and what we did to save time and money and save. The time of the adviser is we did a two step interview step. One was one call with with maybe the founders of the company and we just sat down to have their good culture fit if they're a good person to work with the team if we just drive because if they don't fit the culture of the team, there's no reason to keep. On going if they do then they move onto the next step of the interview, which is another interview with the advisor and the advisor is going to be asking technical questions about that position finding out. You can really do the job that they're applying for. Now you can be on this interview you may not want to be on this interview up to you. This interview is really there to grill them and even have a live tests component alive demo component where they actually display their skills. We do this in a lot of departments whether it's customer service where they're actually answering. An example support chat right on the call or hiring for a new designer of the designer is going to critique a old design that recreate and ass into kind of give their tips in there. you know advice on how they improve that design from. The adviser within can say, Hey, these are my recommendations. These are the people that pass you choose who you want a based on your cultural
Which is cooler, zero or infinity?
"Zero and infinity. They're both kind of just like the. Ultimate mind boggling what happens if I pit their cruel nece against each other, which was more important more expensive. The mind blow up factor best and kind of only people that I would really talk about it would be none other than mathematician. Hi Do I have both of you you have me. Hi. Okay so on the phone right now, I was able to call up James Grind and Eugenie Chin. There are both super awesome math people who do a lot of thinking about the importance of these numbers I give lots of talks around the world and people might see me on Youtube Channel could number file. Now Eugenia is the scientist in residence. At the School of the Art Institute of Chicago, which is pretty cool and I've written several books and the second one was cooled beyond infinity. I have that book actually. Oh, I'm so glad to hear this is the crazy super debate about coolness of zero versus infinity. James. Can explain to me what zero even is as a mathematical concept. Okay so on one hand zero is a number. As, like the other numbers one, two, three, four, five, two, nine. Zero Times one is zero. Zero. Times two is zero but also that means that it just come. You come sit out Zeros. I'm have one goes to well no, we can't. So we do have to treat zero slightly differently from the other numbers. It's a number that represents nothing. Both of them of an abstract ideas in ways, but that's what matters about. Mathis about going to the abstract to solve problems. Because like even if we just have the drawing of the number one that doesn't mean, it's one that's our interpretation are symbol to represent the concept you could point out one sheep, one, cow, one coin but one of those things have in common is this idea of oneness that they have in common, which is not something you can point at, but is something they all share? When you try and teach small child how to count You keep showing them objects in going one, two, three, one, two three but they have to make a leap inside their head from the objects in front of them to this concept of as James says one nurse. And you can't do it for them. You can't point that's it. You can't see you can't touch it. You can't feel it. You can't eat it and so you just have to do it in your head. It's weird because it's it's there. But at the same time, it's not there. That's how I think of maths. It's kind of it's definitely there in my head, but it's also not fair because it's just in my head the shame applies to zero you can't really point at. Zero is the harder idea. It's harder than one, two, three, one sheep and one cow have something in common but zero sheep zero cows almost have more in common somehow at least to me, it's much easier to get zero sheep and zero cows. I've got them right in front of me. Now what about infinity? You can't go up to your kid like look this is one cow this is no cows. This is everything. Infinite. Yeah. Unfortunately, we don't even have infinite cows on the entire planet so we couldn't even try to assemble infinite cows and it's so it's really something that happens inside your brain but something that you can show to any child and they've probably understood it themselves is that if you eat half of your chocolate cake, then you have Hof left and then if you eat half of what's left, then still some left and if you eat half of what's left there, still some left. If you keep eating Hof of your remaining chocolate cake, you can take an infinite number of bites of chocolate cake and there will still be some left. I have the best producers in the world and they actually brought me a cake God this. Oh, awesome on the traffic cut infinitely and see if it goes to zero. Okay. Here we go. So I'm cutting the cake. Eaten at times? Dom. Yep. We'll just keep eating whenever you. Half again, make the third. Sky The sixteenth. Through I could keep calling it forever and ever and ever ever. Ever ever. Anyway. Back to the question at hand. Is a lot less flashier than infinity is something. That, you would use in everyday life actually came from merchants and traders and accountant rather then they sort of intellectuals studying Matt's but then again, infinity turns out to be practical as well, and it also turns out to be everywhere through the field of calculus, which is a piece of mathematics that really governs everything that changes continuously I'm that means practically. Everything in the modern world including things like well `electricity and that's how infinity can be thought of as very practical as well as having mind-bending and weird properties way you can play around and create strange pistes and strange universes in which peculiar and amazing things happen. Yeah. Infinity is the one that's the strangest I mean strange paradoxes the I can't understand. One. Example of those paradoxes that cake conundrum which explained in the cake break and another one is Hilbert's hotel. That was proposed by the mathematician Hilbert's where he said let's imagine we have a hotel with an infinite number of rooms. Now Hubert's hotels confusing for bear with me. matchy of a really big hotel. Now, this hotel infinite roofs. and. Let's say that one man walks in one night and says, Hey, on the book room, you know you can't send him. To the infant floor that doesn't really seem fair. You know because you still have to walk all that way. So. You sent him to room one and send the person on route one term deal. Then send the person on route to to room three and keep going. So instead of this one guy after travel. So incredibly infinitely far everyone just travels wants. which works out such a small number, but it eventually converges into infinity. And that's quite odd because in a normal finite hotel. If it's full, you can't just fit in other guests dune without asking them to share room which they probably wouldn't want to do. Yes my head hurts. We're all getting clever. Now, James, what do you think of what you genius saying and why do you think Zeros Cooler Think, we're going to find that these two ideas are going to be very connected because they are related ideas. One being nothing won't being everything, but without zero, you wouldn't have any of modern mathematics today the reason zero. So important is because without it you wouldn't have a place value system. So in the old times when you wanted to count thirteen sheep or something like that, you would have to make a mark for each sheep. So you have make thirteen marks you can count them what the Egyptians and the Babylonians did is they started using news to represent lodging numbers. So now if you want to count thirteen, you can just use. A one and a three. So now you need zero in here because what is the difference between thirty two and three hundred to? Well, you need that space in the middle in the old times that would be actually a space. It was any later that zero recognized as a number. But with place value system, you can do the whole of mathematics today. Oh Man. If it wasn't for the concept of the numbers zero, we would still have to use the talents just be no the one where it's like one, two, three, four, and then five is the horizontal line. That won't be pretty bad. It's like that boat will cost thirteen, thousand dollars one, two, three, four, I agree with James Zero is really important and possibly even more important than infinity because more maths depends on zero. Really. But just because something's important I personally don't necessarily think it's cool. There are plenty of things in life that are really important without being cool to me at all like, for example, sleep which I find pretty boring but I recognize that it's very, very important.
How to Manage Cash Flow Through Uncertainty
"Well as your company grows or looks to save money especially people expenses. It's always good to look at the best tools and process run your business. The right tools and processes can help you either scale, your business, or running more profitably hit help and Tony Ward with the President of zero for the Americas. He has twenty years of experience in senior leadership positions with global technology companies including Microsoft Australia linked in spark, serving monkey and dropbox Tony Welcome to the show. Bearing talking. So first of all, tell me how you doing doing this pandemic you and your family. Yeah, it's actually we moved here from Australia in January? So my twelve year old my wife Celts in. I would say, pretty easily the worst time deposits. Hundred Years So. One Thousand Nine Hundred Eighteen Exactly, it's all upside from your very I would agree with that. Well, a lot of small business owners right now are trying to figure out how they can more effectively run their business with better prices with cost-saving apps where do you start? On The first thing I would say is that cloud technology I think has been we'll be seemed to be a real. Savior for a lot of businesses particularly through coded and. I give you an example I think everything from the front end of Your Business. So you know looking appointments things like timely. I can see a of people using figuring out new ways to market their business like your facebook and Google. In fact, if you'll get facebook's recent results that added a million new advertisers, a lot of those are going to be small businesses trying to figure out how to get more people in the door and then things like zero put back. Then to figure out what is actually going with your business and I know everyone is all talks about Cash is king and casual super important. But when you have a shoebox little receipts, it's very difficult to figure out what's happening with cash flow. So and I, kind of you don't running out of cash is almost like. An Iceberg and the sooner you could see coming the sooner you can potentially avoid it and so things like that. Help you do that are really really important always. But in this time, even more important to figure out what's going on your business and just automate as much as you possibly can to free free up your time to work on the business versus in business I think too many small businesses. Honesty that they're gonNA try diy everything and there are certain pieces of software that you can use action at free up to do things in your business. So Tony and your point of view where you actually start because I always say that you can't do everything at one time. What's really the tip of the spear? We'll the first thing that I would do, and this is a really interesting stat when you compare the US versus other markets that were unlike strapping young candidate UK in the US around thirty only thirty percent of small businesses have an accountant or bookkeeper. It's very much a diy mentality and what I would say to people is look we we get personal trainers we get coaching all the time and our daily lives. Yes. Seventy presenting small businesses don't have a coach don't have someone to go to and really talk about their business. And when you think about it, it's a lot of small businesses of debt their house on their business yet they don't necessarily see the value or having thought about getting our coach. So I would say getting a calendar bookkeeper, get a businesses visor it's going to be the best money era we're GONNA stand. So let me ask you a question about that. Why don't people do that? Because I agree with you so many people have no idea what's financially going their business why don't they take that step? Is it that they don't think they need it or they don't want to know what's really going on. Inching. Research over the last six months in their research. It's something to do the pioneering spirit of America where people believe I can do myself do it yourself and what we're trying to say, we tried to move people from Diy d I t do it together and so our research shows us that if A small business ties zero, and they're using an accountant bookkeeper, their survival rates, Shuki sixty percent higher over five years so. Logically. You think I should do that I think part of it is people get so passionate about their dream of writing because they just get into it and usually take some sort of compelling events tax issues or whatever, and when the most secret lies are I would think you know. Clan up from what you're GONNA do and you're probably enemy our data shows you can be more successful Malaga. So that's the first thing I do. Then you're kind of bookkeepers probably GONNA look how you're running your business and and work out with software like zero and others where you making money where you're losing money record to save money. You know and right now what you should be doing is you know renegotiating with your landlord if you can't if you have physical space figuring out of their other avenues, other ways, you can actually get your product to market that maybe aren't a traditional retail sense. So you seeing things like shop with Wind Amazon just explode 'cause you know businesses are trying to figure out how can I sell more product or service in the virtual world because physical world is so challenge that Obama. Tony I wonder if these are the same people that don't balance their checkbook. I don't have the date on that, but you'd argue, yes, I think that's probably true. You know what? They say the penny look after the pennies. The dog themselves. So yeah to it's probably reasonable. It's because we're not really taught these kind of financial concepts in school. Actually it's hard to understand what the profit and loss statement says. The balance sheet says the cash flow statement says and many times there with the wrong accountant that really doesn't take time to explain to them. So they kind of keep their distance from this stuff. I think it's been a chicken and egg I think a lot of our accounts into the paper is there really they want to get into advisory services? That's all they see the growth and Really are passionate about the small businesses that they look after. Talking to some of our Council peepers, curious cove experience, they're really struggling because they're talking to small businesses who are potentially business potentially losing her house. So I think small accountants want to do this, but they kind of need to be invited into the Party needs created a couple of products lately to try to help on accounts to give a reason to actually have that conversation. So something called the business sack shot thirty castles state and our new. Features inside zero where you can literally see in real time what's going on in your business and the thirty day cash will actually give you some insights as the white new should do Ingram plain English for a small business like collect these bills. Hey, this you're gonNA run into cash unless you collect these deals unless you delayed payment of these other bills so. And one thing zero does really really. Well as we we talk in Layman's terms. I think about my Mama's a hairdresser right Sheila Ramos along for twenty five years. She didn't get a peer now or anything like that. Say we use terms like money owed money owing inside zero because like okay I kind of that because I get money all money that's oats me I don't really get profit and loss credits and debits into council I think. Financial Literacy to your point area in small business is is not great because people just want my mum's London runner hairdressing Salon. She didn't WanNa do the books and I think making it easier for people to run their business and having software advisers that that do the boring accounting stuff is really critical to successively small. Wanted to brag about financial literacy because when I sold my last business in one, thousand, nine, hundred, nine told this toward many times before I lost a million dollars off the sale of the company because I send my balance sheet nine MBA for northwestern university. So that's nothing to be proud of. It's it's really really challenging running a small business. You brand businesses I've had small businesses you spend so much of your time and effort certainly some people think are GonNa start a cafe a lifestyle. It's a lifestyle business. Alright sixty seventy, eighty hours. It's it's really really challenging. So anything that software due. To free up some your time to have more time with your family or to grow your businesses is really what we're trying to achieve. This idea of the three day cash flow because again, every business goes out of business. The exact same reason they run out of money and during the recession cash definitely slows down what suggestions would you have for small business owners for managing their cash flow during this period of time. The first thing I would do I would be really really hard core on any money that's actually ot you to collect that to be the squeaky wheel because a squeaky wheel gets the oil in this where we are right now there's a lot of money owed and certainly there are the ones that are actually really persists. are the ones that are going to get it. I'm I would be as I said before I be trying to renegotiate any kind of a large expenses that I have either get more favorable terms or reduction in order to protect your cash flow and then I would be thinking really creatively how I could get on routes to market for my product or service. So if I could I sell more online, there's really creative things that people are doing like I was talking to somebody today who they got a haircut for the first time in you know since March since the lockdown started. Your hairdresser had a physical salon. She wasn't able to have people in anymore. So she was literally going to people's houses and she said now that she probably wasn't going to reopen her physical business that this is really going to be the future of her business and then she was selling product, which you know is generally high margin she had that on. A website where she was promoting products and All the same time. I think you're gonNA see more and more of that sort of creativity. My Wife's still you know getting a personal trainer she's doing it over soon call right so she's not physically going to see this personal trainer personal trainers still making money, but they're doing it over in know a virtual environment versus a physical environment. It's really amazing because there are things that we're doing now that we never thought could be done remotely like my wife again, it's teaching Yoga classes remotely and I'm taking karate class remotely. It's really quite amazing what you can get used to. Yeah I just think it's the Sunders. Certain the research that we have is they're growing they're actually seeing this as as an opportunity and you know there are other business I really feel for you know Pasta Taliban businesses retell the that are doing it really really tough with someone are figuring out new channels new ways to do. So for sure there's GonNa be winners and losers. Like. There isn't every single economic downturn. Feel like it's kind of like a game of musical chairs things are going well in the economy. Excuse me. Things are going well in the economy and all of a sudden the music stops you don't know if you're gonNA have a chair. Yeah and I think you know the really smart service savvy entrepreneurs out. There are going to figure out ways to be successful, and there's going to be just like integrates recession. This is going to be a whole bunch of starting the kind of the hypothesis that we haggas. Particularly millennials every Neil you talked to, you seems to have some side side-hustle right and what's happening is is a lot of people are losing their their jobs, their side hustles becoming their main hustle. So you're gonNA see a whole bunch of new businesses come out of this, and some of them will be really successful on some will some won't make it, but you're definitely seeing green shoots in new businesses starting out. When should people actually choose zero? Of course the elephant in the room is always quickbooks. Why do people choose zero over quick? Book Solutions. I think one of the main reasons they choose it is very easy to use. It's very simple. It's very non accounting language. It was you know we created the category of small business cloud accounting. So we we don't have a desktop business we've always just had a class business so. It's it's built for the cloud doesn't it's not coming from the desktop and moving to the cloud. So I think ease of use. And just. Talked about being Hashtag. Beautiful. It's really nice piece of software to use very intuitive. and. One of the things I find that small business owners make as far as mistake is they don't set up a separate accounting system for their business. They just do it as an extension of their personal accounting system, which really is a problem. Yeah sickly sole-traders when they start out a lot of rooms are mixed kind of discolored business and pleasure or their personal encounter banking account. I would say that that is you know five starting a business. The first thing I do is I would set up a business bank account right and I would basically get some sort of accounting software whether it's you know zero or what have you I would look for the line of business software that is kind of the market leader in the category that I in. So you know in construction, they'd be Pro Gore finding you know running a hair salon. Be Timely find getting all my kind of soft were sorted out, and then I would find a really great accountable infect around flights ten percent of our accountable keeper channel. The people that are zero advisers are almost acting like managed service providers were there. Basically providing a stack of software plus advisory services to small businesses for a monthly fee. So the small business doesn't need to worry about. Well, what should I choose choose? Their their adviser is basically saying if you're in this particular industry, this is the the bundle of software that you need to run your business and all manage it all, and I'll help you with coaching. You run your business and I want everyone to hear what Tony is saying because to many times we don't spend any time setting up the infrastructure for our company and that's really easy these days with these cloud. APPS Tony. It's interesting. You know long time ago when Islands University announced doing. It. Guidance was eighty percent of your time. You're doing it should be planning twenty percent doing and I don't think that's much different for business I think, generally some small. Rush out and getting to it, and they don't think about the planning side of it. But if you don't build the foundations thinking about building a house with the foundation isn't rock-solid. You know, how are you going to build that twenty story building? If you have aspirations to grow your business, you gotta get the foundations down. You GotTa get a coach just set it up right from the start in your our research shows you're going to drastically improve your chances of being successful. We'll Tony I appreciate you joining the show where can people get more information about and that's spelled x. e zero? Zero DOT COM and check it out. There's you can get on there for a free trial and. I hope everyone loves it up everyone stay safe I. Hope all the small businesses out there. I know you're doing itself. We're here to help. Just, take care good life and. Hope you're joining continues to grow.
What would a payroll tax holiday look like?
"Begin this work week with business owners and accountants and economists and people who are working in this economy trying to figure out what exactly president trump did to this economy this weekend. You some things one executive order and three memoranda after negotiations on another. Plan on Capitol Hill collapsed that much. You know whether the president can actually do most of what he did depends on who you talk to. So rather than engage in that particular back and forth, we'll focus today here on the thing he did that he can do deferring collection of payroll taxes specifically putting on hold the collection of taxes on the employee portion of social security taxes six point two percent per paycheck if you're curious. Starts September. The first ends at New Year's only for people making less than about one hundred, thousand dollars a year that much is what we know. Now. What's IT GONNA mean. Here's marketplace's Mitchell Hartman. The committee for a Responsible Federal Budget Wades through complicated tax proposals and regulations all the time but President Miami McGuinness says the White House's memorandum on deferring payroll tax obligations leaves her with West Mark Mar starting with this one happens come January when employee payroll taxes that weren't collected come do nobody knows how the repayment part will have to restructure it's going to. Complicate the life of employers. Tremendously. If they have to be responsible for making sure that money gets paid back and small business tax advisor Barbara Weltman says this payroll tax holiday could change. So right now we're talking about deferral meaning you don't pay now you pay later the president has instructed the Treasury. Secretary to explore options including legislation to forgive those payroll taxes altogether. Pete Iceberg at payroll processor ADP says, it's going to be really complicated for employers to alter payroll tax collection media year for only some employees based on a salary threshold cramming changes of this magnitude normally require like six months to do. So it can be done sort of an emergency basis but maybe problematic he says employers could be liable for not withholding enough tax and underpaying the Treasury Randy dellwo owns a business that makes scientific instruments in Bend Oregon he talked to his ten employees at Zoom meeting this morning and. The consensus among our employees is that everyone would rather not defer their payroll taxes. For one thing, they would need to save the money so that they'd have it available to pay back at the end of the year the committee for a responsible federal budget estimates temporary payroll tax deferment could leave us workers with as much as one hundred, billion dollars of extra pay through December. But if a lot of businesses and employees followed the lead of Randy Woes Company, the impact will be more muted.
Cryptocurrency and Taxes
"We're talking about taxes right? It was crazy to me. Is that when we first got into space everyone thought it was like. I Dunno taxes was like such an afterthought but now that we're at the point where taxes have to be of forethought. Kinda shows the growth of everything. For example, my pops he hit me up. And he's like, how's do my taxes this year? And I got ask a bunch of questions about crypto like Bitcoin and do I trade and do I train light kind crypto and I. Didn't have the answers. So I didn't know what to do. And I'm like in my opinion I think that shows just the progression of space since we started the ship like. Regular Joes. I mean it certainly shows. Like a outward perception, a legitimacy. Of like how people feel this is a thing and it's gotten big enough to where like. Government authorities have to start asking questions because enough people are using it to justify them wanting to collect taxes on it. Enough. Businesses are asking questions in terms of like, how do I properly file if I WANNA. Take this as a form of income because I would like to. and the there's not a lot of answers across the board like hard answers but. It definitely speaks to like I said the legitimacy of how people feel. About this technology and if you think back to earlier days a good portion of it was like. An effort to completely get around. All of this stuff and make it a global currency that doesn't require that. That's ridiculous like an realistically speaking. You're never going to be able to run a business. Without paying taxes to the justification that business exists in. Now like it may get odd in. Answering the question as to where your business exists if it exists on the Internet. What jurisdiction it's it's reliant upon that's a whole different story the. I think as a business one thing I found out recently from a from my accountant nine attacks just an account. If? Your Business. And you want to buy an old crypto. That is just a balance sheet transaction. So that means, is Ya gotTA pay taxes You're basically moving in that's highly liquid southern that slightly less liquid on your balance sheet and that's it. So you can buy whole cook does business and your tax as if his property. Ebay capital-gains tax long term short term been how long you held it. I think long terms just one qualification anything long eating your whole longer than a year I, think qualifies for that long term capital gains tax. So. I think it's so difficult though like even if you were business trying to do this stuff. Like. This is something that I had an issue with and some project that I wanted to work on button due to lack of time and never got done was small business services like the turbo tax for understanding. How you deal with even invoicing accepting pricing timing of all these things and look how how value fluctuates in between all of these different points and so like if you think about this specific, that bothers me we say like Bitcoin or whatever is money it's not. It depends on how you like define money but like. When you the if the price of what you're billing in changes drastically from when you invoice to win, you receive to win. You can rec- when you spend it to etcetera like that's not this is going to do that. They're not giants several conversations throughout the whole process of like estimate to invoice to collecting you gotTa have three different several conversations. They're like, Hey, I know and we estimated the Bad Boy. This is how much big when you're GonNa give me but it seems like the prices gone down. So you're going to have to give me a little bit more big guess class not going to do anything like fuck that this quote we signed it it's a it's a go. This is go. So as a business loan, it's not feasible to accept cryptocurrency except for I would say Oh very short term projects or products. Right. If you have a factored in that, the spot price is going to change so much right. So if I sell this bag of chips I'm not I'm not concerned with the float.
Trump and company could be under investigation for bank and insurance fraud
"Donald Trump and the trump organization may now be under investigation for possible insurance and bank fraud Manhattan district attorney Cyrus Vance says, he is justified in demanding trump's tax returns citing public reports of extensive and protracted criminal conduct at the trump organization in his court filing vans pointed to reports that trump inflated his wealth to potential lenders and business partners. He urged a federal judge to toss out trump's new legal effort to prevent prosecutors from getting his tax returns and other records. From his accountant's three grand jury subpoena the Supreme Court earlier this summer rejected trump's bid to block the subpoena ruling that presidents do not have immunity from being investigated for crimes by state prosecutors while in office. Even if the DA succeeds in obtaining president trump's records, they are unlikely to become public because they will be shielded by grand jury secrecy rules. Trump has since responded to the report team that it's quote, a continuation of the worst witch hunt in American history
Capital Allocation with Blair Silverberg and Chris Olivares
"Blair and Chris Welcome to the show. Thank, you good to be here. We're talking about capital allocation today and I'd like you to start off by describing the problems that you see with modern capital allocation for technology companies. I'm happy happy to start there. So I think it might be helpful to give. The listeners, a little bit of our backgrounds so I was a venture capitalist at draper. Fisher Jurvetson for five years I worked very closely with Steve. Jurvetson and we were financing are very MD intensive. Technology projects that became businesses things like satellite companies companies that were making chips to challenge the GP you new applications of machine learning algorithm so on and so forth and I think the most important thing to recognize is that the vast majority of technology funding does not actually go to those kinds of companies. The venture space is a two hundred fifty billion dollars per year investment space. The vast majority of the capital goes to parts of businesses that are pretty predictable like raising money in in investing that in sales, marketing and inventory or building technologies that have a fairly low technical risk profile, so the vast majority of tech companies find themselves raising money. From a industry that was designed to finance crazy high technology risk projects at a time where that industry because technology so pervasive you know really do the great work of of many entrepreneurs over the past twenty to thirty years, technology is now mainstream, but the financing structure to finance businesses not has not really changed much in that period of time. Yeah, and then I guess I'll talk a little bit. My my background is I came from consumer education sort of background, so direct to consumer, thinking about how you use tools and make tools that ingrained into the lives of teachers, parents students I was down in the junior class dojo before starting capital with Blair. We were working on the Earth thesis He. He was telling me a lot about this. The the date out. There exists to make more data driven in data rich decisions. How do we go software to make that easy to access in self service and sort of servicing the signal from the noise, and we kicked around the idea and I thought that they were just a tremendous opportunity to bring. What Silicon Valley really pioneered which is I think making software that is easy to use in agreeing to your live into kind of old industry fund raising capital Haitian. The kinds of capital allocation that exist there's. And debt, financing and different flavors of these. Of these things say more about the different classes of fundraising in how they are typically appropriated two different kinds of businesses. So. You have the main the main groups you know. Absolutely correct, so there's. Equity means you sell part of your business forever to a group of people and as Business Rosen succeeds. They'll get a share in that. Success and ultimately income forever. Debt means you temporarily borrow money from somebody you pay them money, and then at some point in time that money's paid back and you all future income for your business, so equities permanent, not permanent. If you think about how companies are finance like. Let's take the P five hundred. About thirty percents of the capital that S&P five hundred companies use to run. Businesses comes from debt. In the venture world that's remarkably just two percent. And the thing that's crazy is this is two percent with early stage seed companies, also two percent with public venture, backed companies in places like the best cloud index, which is like a one trillion dollar index of publicly traded technology companies started their life, and in with injure backing many of them SAS companies, these companies, also just two percent finance with debt, but nonetheless within these these classes, the reason it's obviously economically much better for a business and pretty much every case to finance itself with debt because it's not. Not It's not permanent, and it can be paid back. It's much much cheaper to use debt. That's why you buy a house with a mortgage show. You know you don't sell twenty percent of your future income forever to your bank help you buy a house, but the reason that people use equity comes back to the risk profile so just like. If you lose your job and you can't pay off your mortgage. The bank owns your home. Same exact thing happens with debt in so restorick Louis, if there's very low. Certainty around the outcome in typically early stage investment you're you're doing a lot of brand new are indeed you have no idea if it's GonNa work you cope. You know over time that you'll be successful, but there's really quite a bit of uncertainty equities a great tool because you're. You'RE NOT GONNA lose a business, you know everybody can basically react to a failed. Are Indeed project. Decide what to do next had saints. Equity is kind of the continent tool for high technical risk, high uncertainty investments, and then debt is basically the tool for everything else, and it can be used as most companies do for. Ninety percent of The places that businesses are investing so if you're spending money on sales and marketing, and you know what you're doing and you've been running campaigns before. That were successful, very. Little reason you should use equity for that if you're buying inventory if you are a big business that's. Reach a level of success that on. Means you have a bunch of diversified cashless. Coming in businesses might take out dead on business kind of overall, so it's less important what specifically you're using the money for, but it's important to recognize that most companies are financed roughly fifty fifty equity versus dead, just just intra back companies that. That are kind of uniquely Equity Finance. Scaling a sequel cluster has historically been a difficult task cockroach. DB Makes Scaling your relational database much easier. COCKROACH! DVD's a distributed sequel database that makes it simple to build resilient scalable applications quickly. COCKROACH DB is post grass compatible giving the same familiar sequel interface that database developers have used for years. But unlike databases scaling with Cockroach DB's handled within the database itself, so you don't need to manage shards from your client application. And because the data is distributed, you won't lose data if a machine or data center goes down. cockroach D is resilient and adaptable to any environment. You can hosted on Prem. You can run in a hybrid cloud, and you can even deploy across multiple clouds. Some of the world's largest banks and massive online retailers and gaming platforms and developers from companies of all sizes, trust cockroach DB with their most critical data. Sign up for a free thirty day trial and get a free t shirt at cockroach labs dot com slash save daily thanks to coach labs for being a sponsor and nice work with cockroach DB. The capital that is being steered towards a recipient. It's often originating in a large source, a sovereign wealth fund or family office in it's being routed through something like capital allocators cater like a venture capital firm for example or a bank. How does this capital get allocated to these smaller sources? What is the supply chain of capital in the traditional sense? You know it's kind of funny to think about capital and things like the stock market in the form of a supply supply chain, but this is exactly how we think about it so at the end of the day. Capital originate. In somebody savings, basically society savings right you. You have a retirement account or your population like you know in in Singapore and Norway with a lot of capital, it sort of accumulated from. From the population and these sovereign wealth funds, or you're an endowment that's you know managing donations of accumulated over many many years, and ultimately you're trying to invest capital to earn a return and pay for something pay for your retirement pay for the university's operation so on so forth so that's Capitol starts, and it basically flows through the economy in theory. To all of the economic projects that are most profitable, inefficient for society, and so, if you step back, and you think about like how how is it that the American dream or the Chinese Miracle Happen? You know in in both of those cases different points of the last hundred years. Why is it that society basically stagnated? You know the world was a pretty scary. Scary place to live in up until about seventeen fifty, the industrial revolution started. Why is it that you know basically for all of human history? People fought each other for food and died at the age of thirty or forty, and over the last two hundred fifty years that it's totally changed. It's because we have an economic system that converts capital from its original owners. Diverts it to the most productive projects. which if they're successful, replace some old more expensive way of doing something with newer better way and so I think when when I described that like you know I, think most people can step back and say yeah, okay I. kind of see how capital flows through the system, it goes automatically to someone making an investment decision like a venture capital firm ultimately gets into the hands of the company company decides to invest in creating some great product that people love. Let's. Let's say like Amazon and then everybody switches from you know buying goods at some store that may or may not be out of you know may or may not being stock to the world's best selection of anything you'd never wanted. The most efficient price that's society gets wealthier basically through these these kind of steps in these transformations, but it's asking if you step back and think about it like nobody actually thinks it's processes as efficient as it could be like. We asked people all the time. People were interviewing journalists companies. We work with sewn. So how efficient do you think world's capital allocation is? I've never met a person that says it's pretty good. You know we're like ninety percent of the way there. In fact, most people think it's pretty inefficient. They think of companies like you know we work, and some of the more famous cases lately of of Silicon. Valley back businesses that that totally. underwhelmed disappointed. Their initial expectations and I think most people admit that the efficiency of capital allocation is either broken or nowhere close to achieving its potential, and so we basically we'll talk more about our technology and how we do we do. We basically think of this problem our problem to solve. There's an incredible amount of Apache inefficiency in how data that goes from a project or a company, ultimately funneling up to an investor flows, and so you know it's hard to place blame because there's so many people in the supply chain, but. But I think it super clear that if it's difficult to measure whether or not a project or a business is good at converting capital into value in wealth, and you know products that people want, it's nearly impossible for society to become really good and efficient at allocating its capital, so we're we're here basically to make the data gathering data transformation visualization communication of what's actually going on under the out of business as efficient as possible and you know from that, we thank some great things are going to happen to the economy. Goes a little bit deeper on the role that a bank typically plays in capital allocation. If you think about our bank works like let's take. Let's take a consumer bank that most people think about you gotTA checking account. Right, now you've got some money in that checking account. That account actually takes your money or dot and most people know this your dollars sitting in that account. You know just waiting around. You'd withdraw them. Your dollars are actually rolling up into the bank's treasury. There's somebody at the bank working with the regulators to say hey, how much of this money can we actually put into things like mortgages, commercial loans, all of the the uses of capital that society. Has In some some effort to. To, move the world forward and make the economy efficient, and so those deposits basically roll up into a big investment fund, and there's ratios that regulators set globally that say those dollars needed to be kept in reserve, versus how many are actually able to be invested, but with the portion that's able to be invested. It's there to fun. You know building a house to fund a business back -Tory to fund sales and marketing or inventory procurement for some other business, and so a bank was was basically the original investment fund, and a bank has unlike venture funds and other sources of. We typically think private capital. The bank has tricky. Problem were any moment all of the depositors holding the checking accounts could show up and say hey. I want my money back and so that's why banks have to deal with reserving capital predicting the amount of withdraw and classically everybody wants her money at once at the worst possible time, and so banks have to deal with quite a bit of volatility now if you take an investment fund on the other hand. Totally totally different structure, so your typical venture fund will have money available to it for a period of ten years from you know typically these larger pools of capital. We talked we talked about so very rarely. Individuals are investing retirement savings in venture funds, typically sovereign wealth funds down that's. Basically pools of that individuals capable. Win One of these funds makes a commitment to a venture fund. It'll say you've got the capital for ten years. You've gotta pay back. You know as investments exit, but other than that will check in ten years from now. We hope that we have more than we gave you the star with and there there's no liquidity problem because the fun has effectively carte blanche to keep the money invested until some set of businesses grow and succeed and go public and make distributions so one thing that's fascinating. The Tappan in the last twenty five years is private capital capital in the format of these kinds of funds. Have just grown tremendously and so today. There's a little over five trillion dollars. Of private capital being allocated in this way to think like buyout funds venture funds so on and so forth. Funds don't have the liquidity problems of banks. They can make much longer term for looking investments. This is created tremendous potential to make the economy more more efficient by taking out the time spectrum. You know this is why venture investors can do things like finance spacex or Tesla. Really. Build fundamental technologies in the way that a bank never could so this is an amazing thing it. However leads to a very long. You DAK cycle, so the incentive goes down when you take out the time line over which investment needs to pay back. To carefully monitor and understand what's going on in the business day today, so it's pretty interesting thing about the different pools of capital. There's not not to. Make it sound too confusing, but I think everybody will admit that the financial markets are incredibly diverse complicated we track basically about fifteen different kinds of capital, and they're sort of pros and cons with each one, but you know a bank is one. A private fund is wanted insurance companies balancing as another. You've got things like ETF and public vehicles that hold capital so there's quite a bit of complexity and the the structure of the financial markets. All right well. That's maybe the supply side of Capitol on. All kinds of middlemen and all kinds of different arrangements, but ultimately there is also the demand side of Capitol, at least from the point of view of companies getting started which is. Startups or computer in later stage with the maybe they're not exactly considered startup anymore, but they're mature. These companies have models for how they are predicting. They're going to grow, but oftentimes these companies are very. Lumpy in terms of how their their revenues come in how closely their predictions can track reality. So how do technology companies even model their finances? Is there a way to model their finances? That actually has some meaningful trajectory. Sure so first. Companies you know need need a base think of all the places that they're spending our money and. We're pretty. We Do I. Think a pretty good job of organizing this and making it simple so when we look at companies and we can, we can talk more about how the the cabinet machine operates, but when we look at companies, we basically think they're only a handful of places of money. Get spent you spend money on. Short term projects that you hope proficient things, sales and marketing. Houston money on paying for your sources of financing like paying interest on debt, making distributions to your investors, and then you spend money on everything else and everything else can be designing software building products on, and so forth, and so if you break the demand for capital down into just those three buckets. And look at them that way. Some pretty interesting things happen. The first is for the short term investments that you hope productive. You can track pretty granular nearly whether or not they are, and we'll come back to that. For paying back your investors, you sort of know exactly how much you're paying your investors so a pretty easy thing to track, and then for the operating costs you know most people will help us. Apax, that you're paying to keep the lights on things like Renton the your accountants, the CEO salaries on and so forth these are these are table stakes expenditures. You need to stay in business and so. Amongst each of those three things, there's different things that you wanna do to optimize and I'm happy to go into more detail sort of go through each one. If you think that'd be useful. Yeah Bliss a little bit more about about how these companies should be a modeling, their revenues are that is meaningful to model their revenue so that you can potentially think of them as targets for for capital allocation so. If we think about. Understanding what company might be a viable recipient of capital? How can you accurately predict the trajectory of that company, or or do they? Would they present a model? Would they develop a model good through a little more detail? How a company would serve justify? It's need for capital. So typically what what most companies do and this is not terribly useful or accurate, but I'll tell you what most people do I mean by the way like how central the entire economy predicts, predicts demand for capital works like this. Companies take. Their income statement on their. Balance Sheet historically. And they they basically have this excel file got a bunch of you know, rose and have different things like my revenue, my you revenue that sort of linked or my expenses that are linked revenue Mukasey could sold so on and so forth, and they grow each of those rose by some number that they hope to hit so if you want your revenue to double next year, you'll say my revenue one hundred dollars today I wanted to be two hundred. Hundred dollars twelve months from now I'm just GONNA draw a line between those two points and every month. There will be some number that's on that line, and that's why monthly revenue I want my expenses. You know everyone knows. Expenses are going to have to go up if my revenue goes up but I don't want them to go up as much as my revenue, so I'm going to draw a line. That's you know somewhere less than a doubling. and. You pull these lines together on one big excel file and there's your you know they're your corporate projections. In general, this is true for big companies small companies, but that's not actually how. Company revenue works because if you go back to the three categories, we talked about before, and you just focus on the one that talks about the short term investments. The. Way Company Revenue Actually Works is a company this month. Let's say they spend one hundred dollars on sales marketing. Well. They're hoping to get a return on that sales marketing, and so they're hoping that in the next you know six months. That's paid back. Twelve months that's paid back. You can actually track every time they spend money on sales and marketing. how quickly it gets paid back so it's that level of precision that can accurately predict revenue, and so what we do is we basically just get a list of every time? Money was spent on one of these short-term investments, so you sales and marketing for for an example, and then we get a list of all of the revenue that was ever earned. And we attribute between both of those lists causing effect. And we do that using a bunch of techniques that are pretty commonplace in your typical data, company or machine learning company. We use some math things like factor graphs. We use simple kind of correlations. We have You know a whole kind of financial framework to. Guess. What attribution should be because you learn a lot as you see different businesses and you see a bunch of different different patterns, which you can basically cluster on, but it is this linkage between spending on something like sales and marketing emceeing seeing revenue, go up or down, but makes or breaks a business, and you want to look at it and I is. Not a bundled. Entirety which is how financial projections are typically built? Okay, well! Let's talk a little bit more about what you actually do so if you're talking about early stage technology companies. Describe how you are modeling, those companies and how you are making decisions as to whether they should receive capital. When a company comes to capital they they come to our website. They sign up for this system that we built which which we've called the capital machine. And the first thing that they do is they connect their accounting system their payment processor typically, so think like a strike, and then sometimes they'll provide other things like a pitch deck or a data room, or whatever other information they have prepared. The system pulls down. All of the date in the accounting system and the the payment processor, and we look at other systems to these are the two key ones that all all dive into detail, and so, what ends up happening is from the accounting system. We get a list of all the times. Businesses spend money on these things like sales and marketing that we were talking about before. From the payment processor we get a list of all the revenue transactions in crucially we get it at. The level of each. Each customer payment, and so you know we scrub I all we really care about is having a customer ID, but once we have data at that level. We can start to do this linkage and say all right look. You know this business spent. A million dollars on sales and marketing and March of two thousand eighteen in April of twenty eighteen, and we saw revenue grow by twenty percent. That was a pretty substantial chain. You know what actually happened here. You can typically identify the subcategories of sales and marketing and start to do this link between these two, and this is really the you know the magic behind our our data science in our team pairing with our engineering team to figure out this problem and solve away that is, that's robust. Bud once we have these two data feeds, and the system goes through, and does all of these attribution. Populations were able to present that back to accompany a pretty clear picture of what's going on, and so we'll say things like hey. Your Business is pretty seasonal, and in the summer is when you're typically more more efficient at converting your sales and marketing dollars into growth so I, you want to finance growth in the summer. The second thing is only about eighty percent of your businesses financeable. There's twenty percent where you might not know it because you're not looking at this level of detail, you're busy building your business, which is exactly exactly what you should be doing, but Twenty percent of your businesses, not efficient. You're spending money on on your sales and marketing categories, product lines, and CETERA that just shouldn't exist and so if you get rid of those. If you double down on the part of Your Business, it is efficient. Then we predict your revenue will be act fifty percent higher, and we'll tell you exactly how much money you need to invest to raise money to to raise the revenue by fifty percent. We give you a bunch of charts that allow you to see how history and projections merged together and dig down. Inspect how we do that linkage to make sure you agree, but. This is what the capital machine does at its core. It Converts Company data into a fully audited completely transparent picture of. How business works where it sufficient where it's not efficient. And then that's where our technology stops, and where balanced she comes in, and so we then take this information, and we make balancing investments directly in companies, and so primarily at this point we lend money to technology companies that we see from their data are eligible for non dilutive funding. We make capital available to them directly. We basically allow them to access it through the capital machine. We use one system to communicate changes to the business. No keep both sides and form so on and so forth, but this is the kind of analytics layer that's essential to making these capital allocation decisions more efficient, and so I think you could imagine a day at least for us in the not too distant future when it's not just US using our balance sheet in this tool to make investments, but in fact, just like excel, every investor can benefit from a similar level of analytics and transparency, as can companies by getting more accurately priced faster access to capital less friction so on and so forth. Get Lab commit, is! Get labs inaugural community event. Get Lab is changing how people think about tools and engineering best practices and get lab commit in Brooklyn is a place for people to learn about the newest practices in devops, and how tools and processes come together to improve the software development life cycle. Get Lab commit is the official conference. Forget lab. It's coming to Brooklyn new. York September Seventeenth Twenty nineteen. If you can make it to Brooklyn, on September Seventeenth Mark Your calendar, forget lab, commit and go to software engineering daily dot, com slash commit. You can sign up with code commit s E. D.. That's COM MIT S. E. D.. And Save thirty percent on. Conference passes. If you're working in devops, and you can make it to New York. It's a great opportunity to take a day away from the office. Your company will probably pay for it, and you get thirty percent off if you sign up with code, commit S, e. There a great speakers from Delta. Airlines Goldman. Sachs northwestern, mutual, T, mobile and more. Check it out at software engineering daily Dot Com slash, commit and use code. Commit S. E. D.. Thank you to get lab for being sponsor. The inputs specifically if you think about a model for determining whether or not, a company should should be eligible to receive capital. I'd like to know how the the models are built. The the data science models that you're building are constructed from the point of view of the inputs. So how are you determining or how do you like company comes to you? How do you turn that company into some structured form of data that you could put into your models and determine whether it's worthy of capital. Yeah I mean it comes down to what what the data is your down so when we talk to a system like striper transaction records system, you know that that's the revenue of the company now where things get interesting when we connect to balance sheets in penalizing, it's of accompanying really onto understanding. Weighing. What exactly these numbers mean, and that sort of where we made our pipelines were built from the ground up to give us that granular. Of A company's cash family revolutions. Where's the money going where they allocating? And it's savable greenway or you once. What do you understand that data through that Lens? That let's build pretty sophisticated financial models Linda. And you know as soon as you have the picture of Company You can really do a lot of flexible analysis on the back leg distributed computation. Come stuff that you would never be able to excel and quite frankly a lot of these companies don't have the stacking internally or really the tools to understand for themselves, so you'd be surprised it you know when we surface this analysis back to the company by virtue of just being transparent on how we're making decision how it is perceived their business, the signals that were uncovering. These operators the CEO's the CFO's that are really focused on building company. Really surprising. They're really making these insights really transforming. How they think they should have capital. Should invest growing business. Are there any? Sources of Third Party data that you can gather to improve decision making. There are at a macro economic sense, and so it's actually quite useful to look at public company performance and say hey. SAS businesses in general. Most people notice, but facilities in general are seasonal in the fourth quarter. Budgets basically expire and people come in, and they buy a bunch of SAS. Software and so to take concepts like that basically shapes of curves, signals and apply them to private company. Financials is useful. Crucially though there is no private company. Data repository of any kind like it just doesn't exist, and you know notoriously even even with small businesses. It's actually quite quite difficult to get access to any sort of meaningful credit data, and so, what ends up happening is these aw. These businesses. Give you a picture of their business directly as an investor and you have to interpret it directly, and that's basically how this works totally unlike consumer credit, there's no credit bureau that people paying so most investors are analyzing the state and excel. Excel notoriously breaks when there's about a million cells worth of data, and so we've got this great visualization showing our data pipeline, and it's basically a bunch of boxes, and there's a little tiny. Tiny box in the bottom of corner that's excel, and there's a bunch of other boxes across the entire rest of the page that are nodes in our in our distributed computations, but accelerate very very limited, and so it makes it impossible to actually understand what's going on in business from the source data, and it's at the source that you see this variability in this linkage between profitable capital allocation decisions in unprofitable capital allocation decisions. Describing more detail, the workflow so a company comes to you and they're going to put their inputs into the. Would you call the capital machine? What does that workflow look like in a little bit more depth? Yes when they come to the website, they creighton count much like you would on. Twitter facebook account. When your details your email, you terrify your email, and then you on what's recalling like the capital portable on there? You have et CETERA. Tools to connect your sins record and these are typical offload. So you know people are very familiar with you. You know you say hey, let's connect by quickbooks you in your credentials and sort of be as secure way, and you click okay and the system checkmark by your quickbooks in the system start pulling that data out of regular cadence and. Depending on what system you're connecting you of the characteristics of that's not go systems of record, and how much data you have you know. The data's available anywhere from ten minutes to a couple of hours later and you know once we have Dr. System, we run that through our partake analysis pipeline in the users as a company. You get you get charged. In Tableau kind of call it, the insight Saban's these refused that we think would be helpful for you as an operator company understanding about Your Business in separately. We also get views of that data that are useful to our our internal investment team. Whoever is looking to capitalization systems? Are there certain business categories that are a better fit for modeling in better fit for the kind of. Predictable capital returns that you can, you can expect with the investments that you're making so like you ride sharing or Gig economy businesses or some businesses. What are the categories that are the best fit? Say Very few categories don't shit from the from the perspective of of linkages, but they're certainly models at their easier to think through and easier to understand, but our our system can underwrite today A. Lease on a commercial aircraft, a fleet of ships and Insurance Agency ask company the most important. Thing about our system is that the financial theory that underlies it is very general, just like p. e. rate is very general, and so that's kind of sounds crazy like. A lot of. A. Lot of people say what what businesses the best fit for your your system and you know it's kind of like asking what businesses the best for Warren Buffett like Warren. Buffett is a generalist. In any business, and he has a framework in his own head to figure out how to make ship comparable to American Express our assistant has a very similar framework. It just operates at the level of transactions instead of at the level of financial statements, but certainly within. That framework there's some examples that are just easier describes I think like you know thinking through the fishing of sales and marketing something. That's a lot more obvious than thinking through like the stability in refurbishment of commercial aircraft parts, which is a key question you know. Pricing pricing refurbished parts, which is a key question if your financing commercial aircraft and Our team, the ambassadors that use the capital machine internally which we primarily do internally do a little bit of partnering with without the groups to to use this as well. These people are all specialists in some particular area, but it's crucial to understand. They're looking at the exact same chance as all the other specialists and all the other areas, so it's like literally the the Fast Company and a commercial aircraft will have the same series of charts at investors. Are there two two draw their conclusion? Is the question for Chris. Can you describe the stack of technologies that you built in more detail? Yeah Yeah. Of course on the front, we are react type script, xjs, you know everything is on aws, and in the back, and we're. We're all python, and in really the reason for that is if you're doing any serious machine, learning or data science today can't really get away in python stack, so we're all python them back in. We have flasks. As a as our API late here and That's the that's a high level. And get a little bit more detail about how the data science layer works. Yeah, yeah, yeah, of course, so we put on the dea into basically a data lake the that goes down into Ardito pipeline in that's all air orchestrated on top of each called airflow, and we use a technology called desk for are distributed computation, and I think that this is a good choice. Choice for us at this moment you know I see us doing a lot of work on. You know using a spark in other distributed technologies in the future and his team and it turns out that when we pull this data down organizing the data was really important to us as we build a lot of attractions to make accessing that data, really easy for quantitative analysts. Important central to our whole technology is that we're able to do a lot of different financials experiment very quickly on top of this so the the implications of that really cascade down all the way into. You know what technologies where choosing how we structure our delayed. Even even how strokes are teams, so it really is brought up locations across all product. How is it when you're analyzing company that you have enough data that it warrants a spark cluster because I can imagine? The financial data around the company. How can there really be that much data to analyze how you do surprised in a lot of these transactions systems taking up the companies have been around a couple of years and their direct to consumer. These data sets can be can be pretty large. You know we're talking about in the millions and millions and millions of transactions that were pulling down and storing. Storing and that just on a per company basis. You know that's not even talking about if we wanted to. Benchmarks Cross companies, and also if we want to do scenario analysis, so you know one of the things we was part of a pipeline is take this data, and through like nine ninety nine hundred thousand simulations to understand the sensitivity of different variables on the performance of Your Business and If, you're starting out with starting that already large. Sort of a multiplying effect. On how much data the system is the old process? is you go through those different stages? And, can you tell me a little more detail? What would a typical spark job? Look like for a company that you're assessing. Yes, so first episode is ribbon. Our our financial didn't ingestion parts, so we download something on the order of you know forty fifty bytes of Tim's action data for for a company. We have to do all the work to interpret and understand what that means in reorganized that data in a way that are downstream analysis and primitives can. Make sense of and use for useful analysis so really the first step at this point job is is transformed the datum some it's useful, and then there's all the work on what are the clusters in order to machines and analysis in the computational. Resources needed to run simulations. You know not not just say local computer locally owned of fall over the only about thirty to sixty four gigabytes of Ram what league, so that's where workflow comes in creating easier faces into data, clusters and being. Should you know when you run a job? You know when it fails. You know it's done. You know when the team can't okay. This part of analysis done I had intermediate date asset to do more analysis on now get back to work is a lot of the time we spend developing internal tools to make. One other thing that'll mentioned that I think's important is. A lot of the underlying technology in our data pipeline it's no different than like what a tableau or you need. Traditional BI business would have access to, but what's fascinating when you have a vertically specific domain so financial data in our case you can make a lot of interpretations about the date of the let you do much more intelligent things, and so for example we. Don't have to make your own charts as a user of the capital machine. We make all the charts for you can of course. As a business we work with. Give us ideas for charts. You can mock up your own. We we basically have an interface for for business. The I team's to to write some code if they if they want to bought when you have clients who are thinking about financial risk, financial attribution across all of the companies that we see distilling that down into a series of indicators that are detailed, but generalize -able, and then publishing that back to all of the companies that use the capital machine to run their own capital, allocation, decisions and access, external fundraising and capital. Some pretty amazing things happen in so it's only with a vertical view. You actually having these we, we call our data scientists Kwan's, but but actually having these people who you know typically are graduate level economists, thinking for the first time about using transaction level data in their analysis, which is notoriously not not available to to normal economists that you get the kinds of insights and analysis the actionable for businesses, and then in terms of the data pipeline that then means we actually store a bunch of intermediate data that's opinionated in that way, and that makes it much faster to access much easier to benchmark much more useful across a network of companies, versus just that isolated excel model that. Explains only one business. One thing I'd like to ask you about. Capital intensity so there are kinds of businesses that are capital intensive for example where you have to pay upfront for a lot of ridesharing rides, and you know as Uber or lift. His has known in much detail. You allocate all this capital two things to subsidize rise because you try to win a market, there's all kinds of other capital intensive businesses. How does capital intensity change? What makes sense with regard to the equity financing the debt financing that you are shepherding for these companies? That is a great question and be because of where you focus in your audience. You totally get the most financiers don't so. The first point exactly like you said. Capital intensity means a business consumes a lot of capital. It doesn't mean a business has a physical factory or plant or railcars, so it is absolutely true exactly like you said that there are a lot of tech businesses that are incredibly capital intensive. If you are capital intensive business that means UNI especially if you're growing, you need to raise a lot of external capital, and so it is even more important that your capital or a big portion of your capital base is not dilutive. That's that's just essential. Table stakes because what you see with these businesses, the ride sharing companies are great. Example is by the time one of these things actually goes public the early owners in the business on a very very very miniscule. KEESA that business, still if you contrast that to company like Viva Systems which I think is one of the most capital capitol efficient businesses in venture history, I think that this race something like twelve or fifteen million dollars total before it went public in a at a multi billion dollar market cap. So capital intensity. Is a synonym for dilution your own way less. Than you think when you exit entities even more important that you figure out a way to raise capital non ludicrously upfront. Some broader questions zooming out in in getting your perspective. Do a thesis for what is going on in the economy right now where you look at. The fact that We have. Obvious pressures to. Reducing the size of the economy through the lack of tourism, the lack of social gatherings while the stock market climbs higher and higher, and it appears that the technology side of things is almost unaffected by Corona virus is there. Is there a thesis that you've arrived at or or their set of theses that through conversations with other people, you've found most compelling. Sure the most important thing to realize about the stock market is that it discounts all cash flows from all businesses in the stock market to infinity, and so the value, the stock market about eighty percent of the value. The stock market is. Pretty far into the future like more than three years from now, and so if you believe that the current economic crisis and this is why there's always a. At least in the Western, world, last two hundred fifty years after an economic crisis. If you believe the crisis will eventually revert, and there will be a recovery, then it only makes sense discount stock market assets by anywhere between ten and twenty five percent. If you believe businesses fundamentally going to go out of business because of this crisis, that's a different story, but that explains why something as terrible as Kobe nineteen and a pandemic. Only discount the stock market by by roughly thirty thirty five percent in a in March, but that's not what's actually going on today as you mentioned and so stock market prices now have completely recovered. That is something that we think is a little bit of out of sync with reality but I. I mention you know we're not. We don't spend too much time about the stock market beyond that we just look at you. Know Private Company fundamentals. We try to understand what's actually going on in individual businesses across all businesses that are network to see what you know what we can understand, and you know what kind of conclusions we can draw, and so if you take that Lens and you actually look at what's happening to businesses due to Cova nineteen, it's fascinating. Some businesses like think the food delivery space have gotten a lot more efficient, so those businesses lot like ridesharing businesses back twelve months ago, there was sort of a bloodbath between bunch of companies competing in local markets to acquire customers all all fighting Google and facebook console, and so forth you subsidies drivers, etc.. That's essentially stopped. These businesses incredibly profitable, the cost acquire customers has fallen by more than half a lot of cases. The channels were slot less competitive, and so if you're running one of those businesses. Now is a great time to be aggressively expanding. Weird things like commercial construction businesses. They're actually a handful businesses that we've seen do things like install windows and doors and commercial buildings whose businesses have accelerated because all of these buildings are closed down. Construction project timelines have gotten pulled up. All of these orders are coming. Do in they're you know sort of rapidly doing it solutions? There's obviously a bunch of other businesses have been that have been hurt by by the pandemic, but our general thesis are we've studied. Pretty detailed way the Spanish flu in nineteen eighteen, you know. These things eventually go away. There will be a vaccine. Economy will get back to normal, and as long as we can stay focused on working through this as as a society and of maintain our our fabric of of kind of economic progress then. DESAGUADERO values today will eventually make sense just sort of a question of of win for the stock market, and then if you're if you're actually running business in thinking about your own performance in isolation, really being clear about is now the time to invest and grow my business now the time to be very careful with my expenses interest, get through this for the next year or however long it takes for there to be a vaccine. So the way to think about your company, if I understand correctly if I was to to put in a nutshell, is that. I think of you as a data science middleman between large capital allocators, and and start ups deserving of capital, so the the sovereign wealth funds the banks the I guess. Funds of funds. These kinds of sources are essentially looking to you for guidance on where to direct the capital, and you're on the on the other side, absorbing data and creating opportunities from these startups to source the good directions of that capital. Just wrap up. Would you put any more color around that description or or refining anyway. Yeah I mean I. think that at the core of what capital is is where the. Core Technology Ambler of sort of. The private market if you think about public markets today, you've clearing-houses like the New York Stock Exchange, and you have companies that provide analysis on top of that like Bloomberg, you know we see a tremendous opportunity to shift the paradigm where you know the place where all the financial transactions happen. is also the place that collects the data improvise information for those making these decisions and yeah, so I think capitals really at the center of making a transparent technologically enabled financial marketplace. Guys. Thank you so much for coming on the show and discussing capital, and I guess one last question is. Do you have any predictions for how capital allocation for startups will look differently in five ten years? Sure so! The first prediction. And this is happening now. I mean the the infrastructure is. In place both within. And others. Most startups fairly early in their life. Think is equity only way to do this and. So. That's a cultural shift. That's that's already happened. People are starting to ask that question. The second prediction is. Seed and series a funding will be entirely unchanged. After series. There'll be a bifurcation between businesses that. Are Really. Capital intensive gigantic rnd projects think like SPACEX. The series, B. C. d. e. enough are really about building and launching a rocket. Those businesses will by and large not. Turn outside of equity to finance themselves, but there's very few of those businesses. Pretty much every other business businesses that you see raising a series B. Serie C. Will like any normal business in the entire rest of the economy raise maybe half of that capital nine allegedly either in the form of debt. Royalty financing factoring all of the other instruments that normal companies use to finance themselves in the void delusion that will happen roughly three years her. Now that'll that'll kind of we'll see obvious obvious signs of that from very early very early base, and then the final the final thing is. Steve Case talks a lot about this. With the rise of the rest, he's got this great venture fund that invests explicitly outside the coast, so kind of the rest of America and we've seen that there's there's a pretty dramatic distinction between being a coastal business non-coastal business from capital access perspective, but there's no distinction from an actual performance perspective, and so we'll start to see some of the regional. Differences in bias sees around where capital flows, go away. And so I would maybe put that on a five year timeline like raising capital is actually much more predictable, much less biased, and that's great back to the beginning of our conversation. That's great for the economy I mean every project or business that can convert capital, two products and services that people love should get finance. No questions asked doesn't mean it doesn't matter what the color of your skin is. What background you have whether you went to college didn't go to. College doesn't matter. You have a business with data that can prove whether people love it
Supreme Court Issues Key Rulings on Trump's Finances
"On the final day of its term, the Supreme Court issued two highly anticipated rulings involving president trump's financial records. One decision clears the way for Manhattan District Attorney Cy Vance to potentially view the president's taxes. The other was a mixed decision involving congressional efforts to obtain the president's personal financial documents both were sent back to lower courts for further consideration. Joining me now with more details is our legal affairs reporter Brent Kendall. So rent. The court rejected the president's efforts to block New York subpoena seeking his tax records, but issued a mixed ruling in a related case involving subpoenas from House Democrats. Can you tell us more about these rulings? And why in the congressional case? It was a mixed ruling. On the congressional case we'll start there that the court made pretty clear that it was not at all satisfied with either president trump's position. which the court said would really neuter Congress and make it harder for the legislative branch to do investigation while also being equally dissatisfied with Congress's position here and said look. Lawmakers you're under the belief that you can just get almost anything you want under the Sun, and the the you know, the president here is different. This is about his personal papers, and we really do need to give more scrutiny here to make sure that these requests are targeted and limited and these. Don't harass the president or become a really burdensome on him in some ways that case ended up as kind of a draw, and we will have significant further lower proceedings, and it's. It's hard to know at this point at the end of the day whether Congress is going to get. Any some all of these records that it is seeking the one thing we do know. It's extremely unlikely that they're going to get any of them before the election in November The vans case with a lot clearer and a lot. More of a straight forward and fairly sweeping loss for the president who argued that he was absolutely immune from having his financial information, disclosed or turned over to state prosecutors Wyle. He was in office, and the court flatly rejected that claim and basically sided with newer prosecutors and all their basic. That case isn't completely resolved. either. The president still potentially has more arguments. He can make against the subpoenas which he will certainly try to do in the lower courts, but it did remove a big roadblock for prosecutors in Manhattan who are examining whether President, trump or people close to him violated any state record keeping laws. So these separate cases, both came down and seven to two votes, and the president's appointees neal gorsuch and bright cavanaugh were in the majority. What do you make of that breakdown? While I mean it's a pretty remarkable thing and most of the big cases here right at the end of the term, the chief justice avoided five four rulings, and so for example we had some big religious freedom cases that were issued on Wednesday and have been the kinds of cases in the past. We're liberal justices, all descended and they're. The just got to the Liberals to join with the Conservatives, and what is was a pair of fairly conservative rulings in favor of religious institutions, and then flipping things around today we had the chief justice in the four liberal justices, and the chief was also bring along justices, neal gorsuch and Brett Cavanaugh, who are both trump appointees and to the majority in both of these rulings, those two didn't agree on all the same reasoning, but joined the outcomes. We ended up out of the nine justices with only two dissenters justices clarence. Thomas Samuel Alito. Tell us more about what happens next. For these two cases, what questions are now left for the lower courts? especially as we're looking ahead to the November election, even if these issues won't be resolved by then. There are a lot more issues for the lower courts in the congressional cases, basically because the Supreme Court crafted a whole new set of standards, the judges should now look out for these kinds of disputes. I mean the disputes. Themselves are pretty rare, normally congress and the White House work out their differences when Congress wants to have people testify when they want information. But now the court is basically said you lower chords take these new standards. We've articulated that we think will provide some protections to the president as well as some protections to Congress and sort out who's got the better argument here. That's going to take time. The New York case may take a little less time. The president still has some arguments available to him to contest the criminal subpoena here to his accountant's but they're more straightforward at. That courts can deal with more quickly, but even there it's going to take time, and even if he loses and the accountants turnover this information to Manhattan prosecutors. This comes in the context of a secret grand jury proceeding, and it will be many months, if ever, before details of of what prosecutors learn would become public. And the president quickly responded to these rulings on twitter. We are hearing responses. Continue to roll in. Tell me a little bit about your impressions of what he's been saying well, the president has been frustrated with a Supreme Court on several of its rulings, including one day invalidated his cancellation of the Dhaka and program and right after the ruling came out today, and he expressed clear frustration on twitter that this case would continue and express his views that this is sort of a political partisan prosecution that's designed to harass him, and he said that it was not fair to him or his administration. While the president was frustrated with the rulings today. Sivan's in New York. The prosecutor who is leading this investigation was thrilled and said this was a day really where the Supreme Court affirmed the rule of law that is applied to the president, just like everybody else. And he said now his team would get back to doing the business that had been doing of investigating this case and proceeding as it had planned to proceed, while also knowing they're still future battles ahead against president trump and his lawyers as this probe continues. France it's been a busy few weeks as supreme. Court now heads into its recess. Any final thoughts that you're leaving with well. It was a really big momentous term, even though the court ended up hearing less cases than it had planned because of corona virus, but we had these major rulings today on presidential power. We've had blockbuster rulings on religious freedom on gay rights in the workplace on the DACA immigration case. A lot at the court has tackled, and so it will take at at least a little bit of a breather now while we all sort out what's on the horizon. Wall Street Journal. Legal, affairs reporter Brent Kendall Brent thank you so much for joining me sure. Thank thank you.
Don't limit yourself during the job search
"Just applying online. Okay my friends I have been in recruiting for over twenty plus years, and if one thing I have said over and over during my career, when asked for job, search advice, it's that you can't simply apply to jobs and expect to get a callback especially right now with over forty million people who are applying to jobs daily. There is a ton of competition in as I mentioned a last week's episode You have to make it super obvious that you are the best fit for the job. If you want that job search to last and last and last and last, then just keep continuing to rely solely on. You know posting in submitting your resume online. If you WANNA move your search head. Start finding and then building a relationship and a network with the people who actually work at the company that you're interested in. So do things like schedule. Informational interviews with would be peers people. You might work with potential co workers approach maybe even an internal recruiter. For the company and just simply ask you questions you know, get on the radar of the very people who might influence you actually getting an interview, so here's your tip by connecting with people on the inside of the companies that which you want to work, you will instantly set yourself apart like there's not many people who do that. Most people just they see a job online. They read the job description. They hit the apply, and then that's it. They just wait for the automated response and maybe get a call back, maybe they. They don't typically people find jobs because of a referral, we're network, not just applying John Online and in this case, the hiring manager or the decision maker interviews people who come recommended or by way of maybe like a personal referral before they even start sorting through the massive pile of resumes that come in through the company job posting in their all nine applicant tracking system. So what you WanNa do is for example. You are an accountant. You're looking for an accounting job. You see a job on say, Ziprecruiter or and indeed. Read the job description looks like a good fit. You hit the apply. Submit your resume. Fill out the information. Of course you're going to immediately get that email back, saying. Hey, we receive your resume. If you don't hear from US Blah Blah Blah Blah Blah. You know the drill. Here's what you WanNa do at that point. You're going to want to go over to link ten and go into the search bar and you're GONNA type in the company name and you're going to go to that business page, and then from there it's going to tell you generally over to the right and a blue link that there are you know one hundred people that work there are three hundred. Hundred people that work there or fifty four hundred people that work there in May. Enlist people that you might already be connected to that happen to work at that company. So you're click on that link and you're gonNA. pull up all the people that work there and you're going to do a deeper dive in the search and screen that search for other accountants that worked there or just use A. Search term like accounting or finance or whatever it is, and then start looking for people who work in that department work in that division within the company, and then start sending you know invites to connect pb. You can even connect with the hiring manager, so you're going to find somebody you're going to want to connect with. Let's say maybe they accept your connection, but that's about all the amount. The you know that's about all that you get from. Reaching out and making the invite what you WanNa do then is go over to the company's web page. Find their contact information. Make a phone call. And then you'll probably get their automated system or receptions. Ask for the person that you've just connected with, and you're going to want to put maybe a twenty four hour to forty eight hour space between the time. You connect unwilling den and the time that you do this, but then you're going to want to ask for that person. Leave a message, just say hey, so and so we connected on link Danjus recently I recently saw job. Ad For an accounting position that was posted I'd love to chat with you further about the opportunity I think there might be a really good fit here, and of course you can do this, too. If you find hiring manager. Of course that would be the best bet is to look for the hiring manager for this position and see if you connect can connect directly to them. You can also look for. They're actually email. You can use a service like hunter dot Io, where you can type in the web address. For a company and it'll give you the potential email addresses that you could use to try and connect with the hiring manager, and actually cinder resume directly to them. The good news is you know they're not going to be a hopefully at this point. They're not going to be like. Hey, go ahead and just apply online. You can say in your intro that you've already applied to the job and you're really interested in with to learn more about the opportunity, so there's a quick. Quick tip on how to apply and then connect with the right people that might be able to help influence you actually getting into an interview with that first round. You know the recruiter,
'The CHOP project is now concluded,' organizers say in Seattle
"Some confusion this evening over the future of the Capitol Hill occupy protests the latest right now from come most Jeff postal address earlier today a tweet from a supposed top accountants said the protest has concluded but that account hasn't been verified by Twitter and at this hour many protesters remain we can't tell you that this morning few people fewer people were in the protest zone that increased the previous days and it did not appear that people were moving out a mass now the defaced barricades are still there the east precinct remains boarded up intense are still pitch to cal Anderson park a sign still remains quote we are not leaving until our demands are met the mayor Jenny Durkan has previously said it is time for those protesters to go home but so far it doesn't appear that that protest
A renewed call for justice in the death of Breonna Taylor in Louisville
"In that interview this week with the Wall Street journal president trump was asked about the existence of systemic racism in American life saying although he'd like to think it doesn't exist unfortunately in his words there probably is some the president held a rose garden ceremony three weeks after the death of George Floyd signing an executive order to reform policing he met with several families of black victims killed by white police officers including the family of both from John a twenty six year old accountant who was fatally shot in his own home in twenty eighteen by a Dallas police officer who say she mistakenly entered his home thinking it was her own nearly two years later another killing in a home by a police officer caught the attention of many it happened in Louisville Texas and the woman who was shot and killed was named Brianna Taylor since her death in March of celebrities activists and protesters have been calling on the nation just say her name A. B. C.'s I'm always has more on Brianna Taylor's life and one of family as called for in the wake of her death protests across the country and demands for justice in the deaths of black men continue a fight for black women including Brianna Taylor and I focus on the matter this is much more than ninety days have passed since Brianna Taylor was killed as Louisville police raided her apartment using a no knock warrant plainclothes officers forced their way inside claiming a man had been using that apartment to traffic drugs Brianna's boyfriend who was not the suspect and his license to Kerry I thought it was a burglary and fired a single shot hitting an officer in the time police firing back several shots hitting Brianna eight times killing the twenty six year old health care worker in her home in the door in our group her boyfriend taken into custody after her death charged with attempted murder of a police officer for firing that shot charges were later dismissed no drugs were found in the apartment our Hey on June eleventh Louisville city council unanimously passed Brianna's law outlawing no knock warrants and requiring body cameras are recording before and after each search her mother to make a Palmer speaking to family attorney Ben Crump law it was here today but on a brighter note it's really cared about continue to do that Brianna's family says the search for answers has not been easy the FBI is investigating the incident report released by police three months after the shooting is mostly blank it identifies Taylor as the victim with very few details the box for forced entry checked no in the space for injuries it said none even though Taylor died at the scene the murals the posters the black squares on social media continue now addresses but celebrities are now using their platforms to raise awareness and demand there's tangible action Beyonce they wrote a letter to the Kentucky Attorney General called for charges against the officers saying the office has the power to demonstrate the value of a black woman's life and on the ground for birthday celebrations to memorials people like Courtney Riley organizing people talk about what it could be my kid to be my brother this as Brianna's mother fights to ensure her death and the deaths of so many others like her are not in
Are You Putting Too Much Money Back Into Your Business?
"Started as lesson. I WanNa make a quick disclaimer. This is not financial advice. You should speak to an accountant. Speak to an expert. You could speak to the nerdwallet guys over at nerdwallet DOT com. I'm just GONNA. Share with you a perspective some things I learned along the way some mistakes I made along the way something that have been brought to my attention when it comes to this topic of what do you do your profits with Your Business? Do pump everything back in. Do you take things back to the founders? Things like that I also want to say that for a very long time I was a big believer that if you're going to bootstrap your business if you're gonNA. Grow and be competitive. Put everything you got into the business whether it's your time or energy, but especially your money to run a lean business, so that every single sent you have leftover can go back into it the issue with this as a founder. You pay yourself peanuts and you could do this forever in the problem is that that's not sustainable for a very long time and even till today to some extent all. All my in police. Every single one of them on my team was getting paid more than I was. That's Kinda hard to believe, but yeah. I had the absolute minimum salary as possible because I wanted all the prophet as much as possible to go back into the business for years. I did this, but imagine doing this for your first year your second year the third year the fourth year after about five years. Living that kind of life being so selfless for the business, it's just not sustainable. You can't continue to run a business like that. When you don't get any fulfilment, especially financial fulfillment, you know this is part of the game, the reason why you're into businesses, so you can be financial freeze. You can afford some luxuries in life, so you can have an enjoyable lifestyle, some sort of standard with the hopes that hey you're going, have a big successful business whether it's accessible because it has. Has All these customers and you're running this thing and you have so many great teammates, or it's accessible, because somebody buys it off your hands all that kind of stuff, but if no one's buying your company anytime soon, or you'll have a buyer in mind then this is not sustainable. You can't continue to pay yourself peanuts because what's going to happen. Is You're GonNa Start Resenting Your Business and you're not treating one of the most important people on your team. Which is yourself the founder? Founder of the leader. There's a big reason why big CEO's from big companies get paid millions of dollars her salary. Okay now. I'm not saying to pay yourself millions of dollars. This is not what I'm saying. But what I'm saying is that you need to make sure that you take some money off the table once. You're somewhat profitable once. Your Business is off the ground. You're past the MVP. You have a good amount of customers. You're able to grow the team at some point you. You got to start paying herself on normal wage, so you can start taking some of that wage and saving it for yourself saving for a rainy day, 'cause businesses, unpredictable business might go down in might get really rough at some points, and you need to have a safety financial sixteen for yourself, so you can be able to you know. Eat Breathe live. Have a roof over your head. Most founders that I speak to in the first years their paycheck to paycheck. They are little really. Thin line financially, and you shouldn't be living like that. You should be a little bit comfortable, so you can think creatively, so you can feel confident in your business, and sometimes you don't need to make that extra higher actually need to take that funds and pay yourself something a little bit more reasonable, so that's the first way you
Using Crystals to Learn About the Tarot Minor Arcana
"Hello and thank you so much for joining me for the love and light live podcast brought to you by love and Light School Dot Com. I'm your House Ashley and this. Podcast is the number one place for all things crystals and today's show we're going to be looking at part two of our two part episode all about crystals and the Tarot so today we'll be looking at using crystals to learn about the minor arcane. Ah IN THE TORONTO BUT BEFORE WE GET STARTED WITH THAT. I'd like to answer one of our listener questions remember. You could submit your own questions anytime at love and light school dot com slash. Ask for the chance to have your questions answered right here on the show. Today's question comes from L. G. An ALGAE ASKS. How do you start a rock or metaphysical shop? Well G. This is a big loaded question. In fact it's so big that I've created an entire program of study all about this. It's my spiritual business mastermind group where I help out get started launching their own sacred businesses. Just like I did but there's a lot that goes into this. You need to make sure that you file for your articles of incorporation or articles of organization with your state if you're in the US you need to register your business with the state as well as get your federal E. N. set up your business banking account. Make sure that you have proper business insurance. Hire employees if you're going to have any and make sure that you have all the proper workers compensation insurance and that you're following employment guidelines and Osha game for safety. You might even want to have an accountant or bookkeeper to help you with your bookkeeping and payroll as well as your taxes. And then you'll also need to make sure that you order your inventory and you'll want do this through a wholesale dealer in there are some that are super reputable great and some. That aren't so great so mind. Vice is to start small start small by doing some pop up shops. Where maybe you're a guest for a weekend at a salon or SPA. Maybe asked to set up a small table display of items at a massage. Therapy office where. You'll have a place to showcase your items to people who might be interested and pay the owner of the massage studio or Yoga. Studio a small percentage of your profits. Or maybe you want to start out online with an se shop or by selling live on instagram really. There are so many ways to be successful with this these days and this is one of the things that makes it really an exciting time to be a spiritual entrepreneur so really. Lg When you're thinking about your next steps and what you'd like to do. The best place to start is with a business plan. A thorough business plan will cover the WHO? What where when and why of Your Business so that you truly understand what your next steps forward will be. Although I think the biggest problem most people have is getting started. There are quite a few people who do the total opposite and really Russian without having a grounded approach to their business and then they feel lost or don't know where to go from there so starting with that thorough business plan will really help you see the path forward and get some clarity on if this feels like the right path for you. Algae then goes on to ask. Do you have a college degree? If so what did you study and has helped you in your current business so I do have a college degree my degree is in ornamental horticulture and then was working toward second degree in botany but I opted out of that one just a little bit before I finished it and has it helped me in my current business. Oh boy that's really hard to say. I think it helped me learn to be really disciplined and dedicated to what I'm doing and I think that it helped me realize that. That's not what I wanted to do for my forever job so if nothing else helped me get a lot of clarity on my soul path and figure out what it was that I wanted to do and what it was that I wanted my life to look like and feel like and for that reason. I'm so grateful for every experience that led me right here to this point in time but is it something that I use day to day. Not exactly it's still something. I'm very passionate about. I love plants. I love herbs. I love digging in the dirt in growing things but I wouldn't say something is terribly useful in my business and in fact algae what has been more helpful for me is things that. I've taught myself or things that I've learned from others online of taken lots of online business training in programs. A you business classes actually in college as well but mostly this has been kind of a diy. Learn on the fly as you go situation anything that I don't know I've learned from Youtube or through exhaustive research and later on in my business by working with some amazing business coaches but take it from me if I can do this so can you. I think that there's a world of possibility available to all of us. I started the love and light school with five hundred dollars from my tax return. Many many many moons ago and it has grown into something so much bigger than I ever could have imagined at the
Debit vs. Credit
"First episode about accounting accounting me at first seemed like adult topic but understanding its basic functions in how it operates is important especially if you're wanting to improve year investing where we start off on accounting with the short lessons anguishing between two debit and credit to understand accounting. You I know exactly what debit and credit meets and no does not exactly relate to debit cards and credit card. Debit and credit means an accounting. Is that for every transaction? You have one in one credit in order to know what gets debited in what gets credited. You have to know. What accounts are classified. Where what does that even meat will. I'm willing to give you an acronym. It's called dealer this. I couldn't help me and hopefully will help you understand what debits and credits are now. How does dealer help you? All the first thing to know about dealer is that you have to imagine a dividing line between the A and the L. So you split the word into two equally long hats one have DA and the other half is l. E. Are now everything on the left side of the word so. Da is a debit account and everything on the right L. E. R. The credit account. What do I mean when I use the word account will? Let's spell out. What each letter in dealer is the letters dealer in order. Stanford Dividends Expenses Assets Liabilities owner's equity in revenue. So using what. I've said so far we know. Da So dividends expenses and assets are debits and E. R. Liabilities Equity and revenue. Are Credits. Okay but what does that mean in terms of accounting? What's you the hypothetical example? Imagine that we are the accountant of a fictional company responsible for overseeing the company's finances. Let's use common terms and examples and convert them into accounting classifications. So the amount of cash that the company has pure cash not cash from sales or anything else just imagined physical cash for example purpose. What category does that fall under? Dividend asset expense liability equity or revenue. Acid cash is an asset. Because it's something that provides value to your company now. I mentioned the cash from sales before you may be wondering how that ties. It will at the beginning. I said that there's a debit and a credit transaction for every movement of money. See that your company's sold ten thousand dollars worth of product. The credit side of the transaction would be classified. Revenue in the debit side of that transaction would be classified as cash. That ten thousand dollars presumably gets added to your company's cash amount. Let's go over some other common examples. What about alone will eventually pay back that loan. So how might that money be classified as a liability and loans are generally a type of liability known as accounts payable in the accounting world? Now when I say that an account is classified as they debit or credit I'm referring to an increase in that accounts value for example before we talked about sales and our cash increasing by ten thousand dollars since the cash account is increasing and cashes and asset. That is a debit account. We document the ten thousand dollars as a debit to cash. But what if we instead use ten thousand dollars in cash to pay off the loan that we took will? Our cash is decreasing. Instances cash is a debit account. Whenever we decrease the debit account. We have to do the opposite of its classification so he credit the cash account when we take out ten thousand dollars. What if your company's manufacturing company and buys a new machine that will dramatically help your business produce more products and it costs two thousand dollars. Will that machine? Something that provides value is necessary for your business so the cost of machine is debited as an asset as well. Meanwhile you spent two thousand dollars from say or cash. The cash accounts credit.
"accountant" Discussed on Trump, Inc.
"Ever had <Music> <Music> <Music> <Music> <Music> <Music> <Speech_Music_Male> maziarz. Usa <Speech_Male> faces huge <Speech_Male> document <Speech_Male> requests from Congress. <Speech_Male> And the Manhattan District <Speech_Male> Attorney <Speech_Male> Sivan's junior <Speech_Male> for trump's business <Speech_Male> records <Speech_Male> Vance's investigating <Speech_Male> potential violations <Speech_Male> of New York <Speech_Male> business law <Speech_Male> declaring hush money <Speech_Male> as a legal expense <Speech_Male> in the stormy <Speech_Male> Daniels affair. <Speech_Male> It's not <Speech_Male> clear what <Speech_Male> Ms Ours. In preparing <Speech_Male> the trump organization <Speech_Male> tax filings <Speech_Male> and auditing <Speech_Male> books. Knew <Speech_Male> or should <Speech_Male> have known about <Speech_Male> this. <Speech_Male> Mazaar said <Speech_Male> in a statement <Speech_Male> massage. Usa <Speech_Male> will respect <Speech_Male> the legal process <Speech_Male> and will fully <Speech_Male> comply with its legal <Speech_Male> obligations. <Speech_Male> We believe strongly <Speech_Male> in the ethical <Speech_Male> and professional rules <Speech_Male> and regulations <Speech_Male> that govern our industry <Speech_Male> our work <Speech_Male> and our client <Silence> interactions <Speech_Male> last <Speech_Male> fall in a Manhattan <Speech_Male> courtroom. <Speech_Male> Donald Trump's lawyers <Speech_Male> asked a panel <Speech_Male> of judges from <Speech_Male> the Second Circuit Court <Speech_Male> of Appeals to <Speech_Male> block district <Speech_Male> attorney's investigation. <Speech_Male> <Speech_Male> This advances <Speech_Male> probe into their <Speech_Male> clients finances <Speech_Male> was politically <Speech_Male> motivated. <Speech_Male> It's basis flimsy <Speech_Male> and that <Speech_Male> presidents enjoy <Speech_Male> absolute <Speech_Male> immunity from <Speech_Male> state criminal <Speech_Male> proceedings <Silence> while in office <Speech_Male> <Speech_Male> judged any Chin <Speech_Male> asked does <Speech_Male> that principle apply <Speech_Male> even <Speech_Male> when the possible crime <Speech_Male> being investigated <Speech_Male> is plain <Speech_Male> for anyone to see <Speech_Male> he picked <Speech_Male> a hypothetical <Speech_Male> raised by trump himself <Speech_Male> <SpeakerChange> during the two thousand <Speech_Male> sixteen campaign. <Speech_Male> I could stand <Speech_Male> in the middle of Fifth Avenue <Speech_Male> and shoot somebody <Speech_Male> and I wouldn't lose any voters. <Speech_Music_Male> Okay <SpeakerChange> it's like <Speech_Male> incredible. <Speech_Male> What's <Speech_Male> your view on? On <Speech_Male> the Fifth Avenue <Speech_Male> <Advertisement> Example <Speech_Male> <Advertisement> Judge Chin Local <Speech_Male> <Advertisement> Authorities couldn't <Speech_Male> <Advertisement> investigate. They <Speech_Male> <Advertisement> can do anything about <Speech_Male> it. Trump attorney <Speech_Male> William <SpeakerChange> <Speech_Male> Gave the answer. <Speech_Male> I think <Speech_Male> once the <Speech_Male> president <Speech_Male> is <Speech_Male> removed from office <Speech_Male> bill any <Speech_Male> local authority. <SpeakerChange> This is not <Speech_Male> a permanent immunity. <Speech_Male> Well I've talked about <Speech_Male> while in office <Speech_Male> now. <Speech_Male> Hypo <Speech_Male> I <Speech_Male> think would be done. That's <Speech_Male> your position that's <Speech_Male> correct <Speech_Male> so so <SpeakerChange> even <Speech_Male> gathering documents. <Speech_Male> The appeals <Speech_Male> panel rejected. <Speech_Male> That argument <Speech_Male> <Speech_Male> they noted that the Supreme <Speech_Male> Court in Nineteen <Speech_Male> seventy four ruled <Speech_Male> against another <Speech_Male> president trying <Speech_Male> to draw a line around <Speech_Music_Male> his records <Speech_Telephony_Male> <Speech_Music_Male> in that case <Speech_Music_Male> it was president. <Speech_Music_Male> Richard Nixon's <Speech_Music_Male> taped conversations <Speech_Music_Male> with advisers. <Speech_Music_Male> The decision <Music>
"accountant" Discussed on Go Beyond Disruption
"Helped us to head of the curve. Whatever sector you work at this episode is slightly unusual because this past Sunday was international accounting being day? Why was it so important? How did accounting as we know it developed since ancient times to what it is today find out in this special accounting day retrospective episode of the Gobi on disruption podcast where we start with a definition what is accounting? It's defined as a system over coding and summarizing business and financial transactions wants action. So we know that but where did the definition stuff. Well the clues on the calendar. This weekend was the five hundred twenty third anniversary of the publication of a really important work and that was in the fifteenth century by Italian mathematician. But chilly it was born in Tuscany in fourteen forty five and Charlie was a Franciscan monk a fryer. So he's often referred to simply Fra Luca and it was around this week sometime between Sunday November and the twentieth to November this weekend that what he published the first book which outlined the system that we know today is double entry bookkeeping and that is why he is often called the father of accounting. And even though he didn't actually actually invent the system but surely did take the double entry system that had been in use for centuries and was the first person to formally put it down on paper paper and when he was doing was describing the system of debit and credit entries for transactions which were methods widely used by traders in Venezuela lived and in fact around the whole of the Mediterranean during the Renaissance era. So that was about the fifteenth century and the book we talking about the one is publishing. Data being chosen for International Counting Day wasn't actually the whole book. In fact it was part of when he wrote all about maths and that book is generally referred to as the Added May Tika. The full title translated late into English. Is Everything about arithmetic. Geometry and proportions and in that was a section on accounting. It was just one of five of sections in the book but that vital section twenty-seven pages long included most of what we know is the accounting cycle as we'd recognize it today and that essentially became the world's first and Only Accounting Textbook for the next century. So that's well into the sixteenth century but accounting's intriguing past begins way way before the fifteenth century in fact it goes back to the fifth century before the common era about seven thousand years ago. The mess of attainment empire in Western in Asia used accounting systems to track goods being exchanged between ancient temples then the ancient Egyptians have received records from clay tablets to more practical the pirates which is a bit more like paper and then the ancient Greeks used advanced recordkeeping to help build engineering marvel that we can still see today. Things like the Parthenon in Athens. And and of course what did the Romans do for us. Well they did quite a bit for accounting because it was accounting principles that help them develop the system of commerce and tax that help the Romans bill that global empire and that's why many accounting terms have Latin roots. For example the term debits comes from the Latin word debatable which means that which is owing living credits comes from creditor which is defined as something entrusted to another or alone and then between the fall of the Roman Empire and the Middle Ages almost two thousand years. Nothing thing much changed about the importance of accounting did expand in the Middle Ages especially in the thirteenth century is Europe was moving towards monetary economy. And then of course shortly after that look Pacelli wrote his book in Fourteen Ninety four and then through the Middle Ages the field of accounting develops the renaissance this period saw growth and then in the mid nineteenth century the industrial revolution here in England. Scotland in that part of the United Kingdom. I saw an unprecedented explosion explosion in the number and size of companies which operated across the world. They all needed strong. Accounting Departments to underpin all aspects of their business operations and then in the nineteen th century. Here in England Queen Victoria signed a Royal Charter Making Accounting officially recognized profession and that moved to county into the modern organized organized profession that we know to be today. So that's why this November tenth was International Accounting Day it marked date over five centuries ago that the Franciscan this can monk and mathematician Luca but chilly who is often called. The father of accounting published. His book the Sumatra added Matija. And that's why all modern accounting and finance practitioners in fact all users of financial information. It's all still work with the system. I laid out by that Rene Sense. Era Mathematician Friar Luca Chile. It's the man. We remember on International Accounting Day for his foundation role in the development of accounting as we know it today and you can read more about international accounting day by following bring links in our show notes and one of those. We'll take you to a dedicated article packed with answers to the question. Why did you become an accountant? Where you'll hear stories like like this? I became a CPA. Because I wanted to help people's dreams come true. Dreams often start with a solid financial footprint in CPI the best at helping people achieve either financial drains so that their clients are able to pay for their children to go to college and achieve their dreams are by their dream vacation homering entire earlier plus because I became a CPA. Because I really liked to work with people in connect with them so that I am part of their cheap in terms of their financial and tax planning the CPA. Profession is extremely rewarding impregnable. The experiences I've had in his allowed me it will opportunity to grow Oscar and work out so I can make time for all the things that I enjoy. Why did you become an accountant? That's just one of many specially recorded videos on the page. You can find deny show notes you can also click through to a special blog written by our own resident. Didn't historian Dr Martin Farah. He's written a very interesting article which outlines much more about how the history of our profession doesn't start or stop in the fifteenth century. He's he's touched on many of the things that I've just told you about and could also include things you probably didn't know about accounting for example. How in the Chicago police couldn't stop him? It was actually really accountants from the FBI that finally down to tourists nine hundred thirty two gangster. Al Capone went to Joe for tax evasion. You might discover how it's very likely the first words Everton down in history were written by an accounted raven that without the council nobody could win an Oscar Film Award Bubble Gum. All that accountants helped write. The Bible is true. Several of the Christian Gospels were written by former tax collectors and in fact Saint Matthew. The Apostle is the patron saints of Accountants bookkeepers purpose and tax collectors. And that's because before he became an apostle matthew as a tax collector in the ancient town of Poonam so all of that and more is at your fingertips tips. Just click on the links in our show notes. They'll help you find out all about history accounting and of course by the time the next international accounting day rolls around which will be Tuesday tenth November twenty twenty twenty. You'll be much more today so happy and slightly belated International Accounting Day from the AICPA and seem office in the heart of the city of London. And Kyle Heaven until next time goodbye. Thanks for listening to this episode of beyond disruption brought to you by the Association of International National Certified Professional Accounts Learn more about today's topic at AICPA Dash Dot com forward slash disruption Russian. This podcast is designed to provide illustrative information with respect to the subject matter covered. It does not represent an official opinion or position of the Association. Asian of international certified professional accountants or any of its subsidiaries or affiliates it is provided with the understanding the association it's affiliates and subsidiaries are are not engaged in rendering legal accounting or other professional services if such adviser expert assistance is required. The services of a competent professional person should be sought the association its subsidiaries and affiliates make no representations warranties or guarantees as to and assume no responsibility for the content or application one of the material contained herein and expressly disclaimed all liability for such damages arising out of the use of reference to or reliance on such material..
"accountant" Discussed on Connected
"I'm joined by my friend Mr Federico Vitucci other friend Mr Mike early why did she say that in that way what do you mean you paused you're like my of a friend I don't understand the other one federico will be the other friend next week that's how this works we alternate say about like a funny thing happened to you and I last week so I'm just gonNA bring listeners in to this situation Mike and I found ourselves the other day I was going to message trying to find it so this was on the seventeenth so four or five days ago I sent you a link to a rare vintage apple parker roller pen on Ebay so sometimes I just cruise the Eh anti apple vintage computer section on Ebay I don't believe that's true I bet you have a lots no honestly I don't really sometimes of you know can't sleep or stuck somewhere I'm like what's going on Ebay and I found this pin and I know that your Opin Guy and I sent it to you and I said I think this is something that would pique your interest pen or is it a p and Stephen an ink pen okay I can't say those two words but they sound differently I just can't do it so it'll be a link to this and the sooner that you can look at it nice thing I I recognize the brand parker I know they are a company that does things so I sent to Mike ex- exact quote was I must have it and then I thought you know we've had a busy year Mike needs present and so I- bid on this pen ultimately losing to someone else Mike who won this pin oxen I did I wanna I said I must have it so I bid on it right I felt like that was clear saying that was not cleared almost have it therefore if I must have it I can't rely on the universe dropping it into my last year so I bid down the original bit and then I put my maximum woman turns out I ended up only therefore stephen maybe pay more because he was bidding against me sorry about that but he did it love so it doesn't really count yeah yeah it's just there's worse things that happened to me as also another cool Pan Nazi this is how you get any better the black one here which looks kind of but one of the reason that I did buy this is because my expectation because it is poca pen the I will be able to get a different refill for this and actually be able to use it yeah it would have been a good gift thanks to me it would have been it would have you know what would have been gift and now it's a great gift for more than you would have how'd you find these products even just randomly Blouse Browsing Ebay for for Vintage Apple as a search query no there is a vintage apple I guess section on Ebay a category okay there's also vintage manuals and merchandise and there's always weird apple stuff in there too so I right now I just searched and the first thing is new old stock vintage apple care original the Logo Lapel Pin Spelled P. Chore Chore that Sounds Nice Up at that the chat room so I'm not GonNa bid on that so feel free to bid on it you're not going to get into a bidding war with me or is that what he wants you to believe that looks awesome that pin is amazing why did they cast so much about apple care they made such a cool looking been expensive if you should you should put that on and walk around the apple store the Apple Care Guy you just be like I'm the only one the cast pin. I'm pretty sure that least convince to people to believe you if you do that yeah well you all remember the Amazing prizes I brought to Wbz this year this is the category Ebay in which they came like that disc Bronx and everything that all came from if you would have gotten me this applicant pin all the pen I would have been much more excited than the stupid old bucks you that's all in your office now my incredible hulk system take the trophy one in the family like the real trophy I won incompetent won the tiny caffeine right W W C no toilet yet no this year oh you mean when you say the tiny coffin you mean the wooden box yeah yeah it was like a diskette box floppy disks that's that's our Ebay follow up for the week I don't know what you bought a thing you I saw this is very you go who I keep thinking is El Gato in different it is very different company they created a silicone episodes case that makes your airports case look like a Macintosh shiny little touch I would say this is not only -pletely up your alley is actually a really cool looking it's not too bad trend will immediately destroyed I've seen a lot of these types of a silicone cases for air pods really seemed I can't really imagine they provide that much utility just making your eye postal cooler uh well cooler from very particular point of view but yes I think for most point of view it's like I don't know what it is it looks like a weird little cool thing right gets this like a fun little thing so it's that you bought one what is your view of the L. gotta thing a Lago Tena Show I did the same thing that company was very confusing it's great you know it's it's beautiful if you're into this sort of thing as an airport case it's totally fine it's still wirelessly urges this company makes a bunch of cool things yes they make an Apple Watch charger thing that I reviewed on youtube few years ago but they also make one that looks like a Gameboy and they makes one looks like the g three looks like a Gameboy hold the sold on Amazon page Gatto is a ghetto Lago walk Oh okay so that we can do this okay Ayla go all right where is it oh there's one of the epaulets I found the game by one Oh my God gameboy once coal right they have something called ear hooks that turn ear pods into power beats pro the thing over your ear all sorts of stuff I like the little the G. Three one yeah it's cute it's cute little blue so anyways it's fine it makes what is a slippery little hockey pucks in case of bulky and sort of awkward again out of your pocket but it looks cool keeping them in the know you just have some fun you know go to the gym with those things out stand back everybody I'm here with my McIntosh air pods Does Google Docs support multiple windows on ipad Os so there was an update for Google docs and Google sheets just before this episode I also checked but no does not support no I'm getting concerned about this follow up on we have to do it forever I think forever yeah maybe we'd stop asking it and as a drop in this clip for like weeks over and over maybe like maybe they could just be like coded like message you know if you play the podcast backwards you find out if it's supported us but still not supported I would love it to be supported it has not been my time is running out because I said the twentieth nineteen now my greatest pick in hindsight probably uh-huh I wanted to talk a little bit about the map air and putting this is like a tiny topic slash follow up because if you all will remember what Y'all probably because you probably got up and got a snack when I was talking about the map air but listeners I never leave you paid attention will remember that I bought my wife a Mac book air to replace her original twelve inch macbook which actually got off the shelf the other day and oh boy that computers tiniest slow but when I bought her air I did sixty Aram and at and I wanted to do a bigger SSD she has a lot of photos la documents interests needs storage and at the time for the eight twenty eighteen Mac precare you could do five hundred twelve gigabyte or you could do a one point five terabyte SSD and this was before apple drop their price says and it basically I forget exactly what it was I think it was like almost a thousand dollars or thousand dollars like upgrade to the terabyte and a half and I wasn't going to do that on a computer that cost fifteen hundred dollars it's couldn't do it so gotta the five twelve and of course he's out of space and so I just did the the dance of getting an thrown SSD and putting her photos library on that she uses this basically as a desktop ninety eight percent of the time hooked up to four K ultra fine display seven bless His d one of those little Samsung t five hanging off the back of it moved her Photos Library too but of course now if I would replace his machine which I'm not going to do for this but if were there's a terabyte upgrade option and it's like four hundred bucks just like the thing that really bugged me about this computer they fixed but too late to help me this six hundred from the base but four hundred it's to two hundred dollars to fifty six four hundred dollars five thousand six hundred dollars per terabyte okay advice line I would be willing to do that but 'cause it was an option then sorry about that might tell us about your new computer Ah Mac pro is here and longtime listeners may remember the I bought this computer through fear of Catalina and was getting cons- increasingly concerned I had lots of people that claimed that they would know the answer to this as to whether my computer arrive with Mojave or Catalina on it till there was no way that would arrive of Mojave on it because Catalina shipping well the answer is that this machine in fact came out the box running Mojave I'm very happy because now I have the machine that I wanted Bhave is weird in a bunch of places a it has lots of people remember this it has lots of security messages which I wasn't expecting so I've got that going on there's lots of things won't permissions to do things 'cause I've Never Rama heavy on my Mac mini I think but I never really do much with them Mac mini I use it like my machine right like it up his stuff oh me but I am baptised I'm boxing instagram at linked to my instagram story the problem I had when transferring over was migration assistant but gracious system sucked to say the least I bought cables and calls that Stevens advice like what thunderbolt two to three and then from the bolt to cable or whatever And I ended up on two instances and left it for multiple hours and it just froze like it just stopped working time stop changing nothing was going on and then after getting frustrated then did it from my time machine backup from a one terabyte hard drive like it was not doing right like it was getting to a point and it stopped and it was be like two hours remaining five hours something bad happened here so I did that ended up getting up I would like to tell you a story of how I significantly upset dropbox short okay so I installed everything the computer up cultural books sync everything that was that it was all taken care of but then I noticed that my home folder was named weirdly right so less imagine my home for was called Mike it was called Mike One two three that's your developers name exactly nice that was good as a niceness reference the third migration system attempt right so the machine was keeping one two three and now it's like I don't WanNa look at this forever so I googled what you needed to do and I found an apple document which told you what you had to do to change it and there are a bunch of steps yet to go through to make sure it was all done properly without like destroying things used to be a real log into that one which was interesting but I did it but this absolutely destroyed drugs the it would not open anymore like dropbox was very very upset and it gave me an error that when pressed okay opened by would and just gave me this like massive text document that was supposed to send to us individual like yeah like the it was like this huge error log it was crazy so I googled the situation and sounds some support documentation and some form posts and it was all about copying and pasting things into the terminal which tried but nothing happened so the situation I don't know if people will be proud of my problem solving here but it worked what I did was a create a folder in my uses the new like what quote Unquote New Yousef Alda and then I just copy and paste it all at the stuff into 'cause then like dropbox created like a second a dropbox support assistant as supposed to do and they just sent me basically the is five terminal commands like the things that are already found website and as I don't worry about it affects so that was my it it has they haven't been able to get out the door right which just means that this is a very hard problem which makes me feel less willing to trust things to you.
"accountant" Discussed on Practical Tax with Steve Moskowitz
"Lot of people say, but I only have an accountant, but I want a second opinion. There can be a huge difference between an accountant and attorney I started my career as a practicing CPA. And the sole reason I went to law school was become a tax attorney because I knew as a practicing CPA. There was so many things that I couldn't do for client. And I wanted to be able to do more things for him. Do it all including representation and task court and many other things not to mention the privileges. That only in attorney has I'm talking about attorney client privilege where if you come in. And you tell me your secrets by law. It remains a secret. If you tell them to anybody else say a CPA, the IRS can get that information from the CPA APA testify against you Steve privileges in. Factor. But I also I really enjoy as a practitioner, I'm now, I'm not a CPA. I love CPA's. I love our CPA's. I love other CPA's I need them. Right. Because it provides such a great tension between practice of tax off, the CPA tax preparation tax positions. And I think really ultimately it gets the best result for the client. Having this debate going back and forth whittling down issued and finding out what your clients risk position really is. And how they wanna proceed I think everybody should have both. It's worth fortunate. We have both here. I have a lawyer client that had CPI that was doing the returns, and they were getting K ones based on a they're retired partnership retirement agreement, and you know, the question arose, and maybe because they were lawyers. You know, they were a little bit more into the definitions of the law, and what might be what should be self employment tax, and what should not be or subject vica, and ultimately were able to advise them that maybe this shouldn't be subject vica based on their review of their at their review their documents, and what top end, and they're working positions and or non-working positions. So that was interesting. It saved them a lot of money and just going through the returns, we just happened to find a couple minor things. I can AMT credit or some depreciation that been missed, but I thought that was kind of a routine second review, I think that's interesting for clients that might be considering big tax positions. And what that really means to their find out books and their business operations and going through that. So if they're going to invest in pension invest in some. An insurance physician or something like that which is certainly provided within the tax code. What does that mean to their ongoing business? What does that mean to documentation ongoing tax transactions things like that? Those opinions or so important, for example as mentioned pensions. Most people are familiar with the common pensions, they get in the Bank. But there's many different types of pensions. If you're otherwise qualify, you can have multiple pensions. And there are a lot of pensions at business people can have where they individually can deduct hundreds of thousands of dollars or more every year for themselves and also with pensions, there's even a cashflow benefit. It's the only deduction where most things you have to go ahead and spend the money by twelve thirty one year one with pension. You have up to the time of filing the return plus extension in year two so essentially three-quarters away into year two you put some money in pension, you deduct in your one, it's fantastic. And they have a lot of other benefits to whether or not you have an accountant, I take a collaborative approach, especially when I know they that Allah g and I feel that they're the competency is there and that there's no breach of my ethics to continue the relationship either with accountant or to the client to. Provide this kind of global comprehensive service. I also think it's important when there's a new business or a partnership, for instance, you count might not be up with do we need to modify the partnership agreement, you know, to keep up with the laws. Do we need to do that? These are the little things that we can add when it comes to developing the pension strategy developing the business strategy in terms of what's going to be compliant with the on.
"accountant" Discussed on Working Cows Podcast
"Land prices around you and and be ready right now to take advantage of that. What do you see as the way that most? Farmers and ranchers handle these these situations are they just always leveraged as much as they can be buying land. As soon as it comes available because it's next to them or or fits within a reasonable distance that they can make it work. How how do you? What do you see mostly on operations that you are working with in mo-, most of the people that I work with are pretty responsible with their money or they wouldn't really be called? They don't really call because they just don't have anything. So they're not completely leveraged. I mean, there are some that are leveraged. And there are some of them that I just can't do anything with because they are so leveraged, and that gets into the whole point of whose responsibility is Terragno operation is it the banks is it the accountants or is it yours who signs off on the check in. So as happened through the eighties. These bankers came in and said, hey, Al. I'll give you whatever you want. And in video you'll see some of the farmers go back and say, it will the banker the banker made me by it. And we saw some of that. When corn prices were, you know, six seven dollars a bushel, right? The banker made me by it. And I call your via phone that did the banker make you buy it did the banker signing your check for you. Did he did he forged your name? Or did you sign that check in? You bought it based on high corn prices or high commodity prices. The the people that are the people that are not leveraged to the hilt. I talked to a guy yesterday they are operating everything on cash. It's it's really remarkable. And I said, well when are your payments going to end on your? He said, oh, so in three years, he won't have one single payment left because he bought when corn he bought them prices were high. He didn't by brand new. He bought used equipment. He didn't overpay for it in. So not. Well, maybe he did a little bit at that point. But it's not like he bought brand new and he couldn't make his payments. So he's been able to make his payments because they've been locates. He he did it based on. Hey, if I can't if corns not gonna stay at six and a quarter seven dollars, a bushel, I can still make those payments at three and a quarter of a shawl. And so when we have to look at the hoosiers responsibility as it to look at our numbers, do your accounting, cheap your books. Make sure that you understand your numbers because if you don't understand your numbers when commodity prices go to hell and interest rates go. Hi, who's going to be caught in the crossfire? You has been of the day the. Bankers telling you to take a loan because he's making interest money, and he's got some cash will that he can be turning money ten times. Right. John Deere financial is actually turned in money thirty times because they can. And so is John Deere financial actually helping out or are they hurting you they're causing inflation because they're turning money even more than a Bank can turn money. And so you really have to look at you to protect you. And unfortunately, I understand you're the farmer, and you're not God probably didn't create you to do books, but he created somebody to do books. So find that person to do those books. So that you know, exactly where you're at and pay pay attention to them. You don't have to study on constantly, but pay attention to them in don't let the banker or the accountant run your operation, you run the operation. We talk a lot about on the working cows podcast taking the emotion out of the decision making process when it comes to. This cow. Yes, she raised the seven hundred pound calf two years ago. But. She's she's opened this year for Tillery drives the bus. I'm gonna make the t shirt it's coming. So you can't make an emotional decision about that cow raise the big calf wants, so I'm gonna keep her around. So that she can raise another because if she's opened one year she has to go. And so we need to figure out a way to take the.
"accountant" Discussed on 600 WREC
"Accountant. Hi, welcome back. Rush Limbaugh meeting and surpassing. All audience expectations everyday. So Donald Trump has been busy tweeting among the things that he has tweeted, by the way, this I saw this all day yesterday on my tech blogs. There was a story. The New York Times had a story that Donald Trump has three iphones and the one that he uses the most is totally unsecure ended the Tchaikovsky and the Iranians listen in on every conversation, and the Trump knows it, but doesn't care. Really? Really, really? And so all of my little tech blog buddies pick the story up and running with it with the snarky laughter. They believe it because like everybody else on the left. They believe Trump is a blooming idiot because they're God's at the New York Times and the Washington Post and CNN tell them that. So you put on a story this stupid this stupid. The Donald Trump knows that a cell phone. He uses is routinely regularly monitored by the tricalm's and he uses it anyway. And they don't say maybe Trump is spreading false Intel. Maybe he uses that phone to confused. They automatically assume that Trump is such an idiot such an ego maniac that he's so much smarter. Not even tchaykovsky and understand what he's talking about. That's the tone of the.
"accountant" Discussed on Gettin' Grown
"So that when you're filing your taxes while you can follow them together, you can still have a separation between the two and it actually be good benefit to you for text refund. Go best friend. That's my best friend. That's my best friend. You bet up here. Oh. A good old rope. You know, I love her own. Era hate the mayor. I actually had a question four in the Kia, go ahead. Community come on. For you? I'm actually an accountant. I see CPI here. two degrees. I was laid off guard been out of work for like four months and I'm starting back with the project. But I noticed when I hope you CPA they kind of want to hire me and I feel like I'm not ready like I'm not there to be like. Oh. She's Jamaican, so she's very forward. Because I'm only than corporate. I don't really like tax. Like I know I know my stuff, but I don't have anybody. I guess to like fall back on like a boss, I have friends who are in different industries, so I recently got a client, but I'm still hesitant to be. Like with that client, I'm always like, maybe you should like I met him through a bookkeeper. I do more than bookkeeping for him, but I'm like, maybe should ask her. 'cause she's like a tax expert and he's like non asking you and I'm like. So how do why, I guess just like put myself out there like I am really nervous to like member, somebody stuff, but I know I don't, but it's just still know your nerves is bad. You just gotta get over them. You gotta do..
"accountant" Discussed on Slate's Dear Prudence
"I refuse to work with the sky again, I should not have let you override me the last time we talked about this and I'm not gonna let you do it now. Like that's what needs to happen. I, I think one hundred percent time for fried green tomatoes moment. The also on a lighter note. I guess it sounds like the first countenance real old and it's gonna drop dead soon. So he won't be able to do this. Too many more people. By the way, it took me a second to realize what you meant by fried green tomatoes moment. 'cause all I could think of was the thinly-veiled lesbian sex scene where they're having the food fight in the kitchen. Yeah. The I was like, wow, that's, that's great. But I'm not. This letter writer with her situation, but I do wish the best is she as she finds sort of Mary Louise Parker of her very own. Yeah. No, I was talking about feeling to want him down the walls of the house with a hammer. It has been awhile since I've seen this movie actually. It really good gotta rewatch. Yeah, I gotta give it another shot, but yeah, so so step one is you get rid of this accountant and step two is you and your husband have serious heart to heart about why he's been so comfortable kind of keeping you at arm's length around the business that you apparently both run together? Because I again, I just do not think you should take him at his word. If he's like, wow, I had no idea. This male accountant who I have run. The financial side of our business has a really specific idea about what wives should and shouldn't do, and he is somehow never brought that up with me. I just don't think that's likely. Yeah. Yeah, I'm with you. Yeah, this is going to be big. I don't think this is necessarily like the end of your marriage, but this is going to be a big ongoing fight. I think this is this is big stuff. This is secretive hidden stuff..
"accountant" Discussed on Slate's Dear Prudence
"Provide you with a place to stay go for it. Yeah, hundred percent. All right, slightly different kind of problem. In this next letter, the subject line is family, heirloom accountant, dear prudence for many years. My husband and I have used his beloved family accountant to run our small business. I've never been wild about the guy, but my husband has been so adamant about using him that I haven't put up much of a fight. However, I finally spoke to another accountant and discovered that the guy has withheld giving the ownership of the business because he thinks a wife should be taken care of financially by her husband. I'm livid, but I know I'm in part culpable because they didn't press hard enough for answers. However, I think my husband's to blame for shutting down my concerns and I think this guy should lose his license. Do I have any real. Course. Boy, I got a lot of thoughts about this guy. All right. Hit me with a okay, first of all, do I have any recourse me personally, a person that didn't graduate college and ADA bunch of pizza. And that's the thing that I'm known for. I have no idea what the recourse is for holding accountant accountable. I will say, can I say, fuck this guy in this podcast? Yes. At you can say, fuck this guy on any podcast. I think at this point, this guy, fuck that guy so much. He just get first of all, get a new accountant, tell your husband to eat one and that his family guy can go to hell because this is not. I like I wanna feel. I've been trying to be more sympathetic to men as like a compassion practice or something. When I do my twelve step, you know, whatever, like try to find a way to feel, send out thoughts of compassion to people that you don't like. And I just send them men overall share you can do that. Yeah, you know, I'm working on it because I feel like they're people, you know, but I just, you know. And so the part of me that's trying to work on that is like maybe the husband has a thing with his family and the guys relationship, and it's sympathetic. And it's not like it's not pernicious, but even if it's not pernicious, this accountant is taken away. This person's agency. And I gotta say, I just think the odds that the husband had no idea that the accountant thinks that women should not be given ownership in a business because it's her husband's jobs too. Provide for them financially slim to none. I I have a feeling your husband does, and that's at least part of the reason why he wanted to use this guy. Yeah. Oh, yeah. I don't trust this husband at all, but on the off chance that were wrong about not trusting the husband just you need, you need a new account. And yeah, if there is a board to report this due to get him in as much trouble as possible. Like that is unethical to? Yeah, I have no idea. What governs accountants or if there's like a tribunal. So I think I think the real conversation to be had here with the husband like, obviously, I think that the accountants worldview is awful, but I don't know what recourse you have professionally, maybe talked to that other count- who is giving you better advice in the first place and say like, hey, if I know that he's been withholding important like end of the business deal from me because he thinks that like as a married woman, I don't deserve to be a part of it. What can I do that person can help you out. But most importantly, I think, is to talk to your husband, say like, all right, this is our business, not just your business. I wanna be a partner in as well. I want ownership of this as well..
"accountant" Discussed on The Tom Leykis Show
"Have an accountant certified public accountant to just spend fifteen minutes or thirty minutes with an accountant is not that expensive it's also the tax deductible so you can use it you can write it off the cost of having an accountant you go in you ask them those tax questions and get the answer from somebody who is a bona fide certified expert in that field and that way you you don't have to worry about whether you're breaking the law not the accountant who has who subscribed to certain standards of ethics what have you the account will show you what is and isn't legal what you can and can't do and it makes things so easy people cheap out because it could get accounts gonna cost them ten thousand dollars a couple of hundred bucks you can have a consultation with a with a professional and there are many good ones why don't pretend to be a certified public account tell everybody i have my own certified public accountant and i recommend that for you too so you would recommend to counting first and well i would recommend you do that i again to to confirm what i just told you because i'm not count convict be sure to confirm and i do believe it's true but i i would like to have an accountant confirmed that for you i confirm that an inheritance at least at that level of eighty k i don't believe there's any tax coming out of that at all and so therefore you don't have to hide that money and the account will tell you you know if you have to report it and how to report it if you have to and we're not you owe any tax on it but let me tell you something i know a lot of people like to cut corners with their taxes i i have always had honest tax returns yeah i don't like the idea of losing sleep or having to hide hide money in a safe deposit box that nobody will find out about it the only time i ever recommend to save deposit box is you know if you have a woman in your life and you think she may be taking money out of your bank account yeah you keep the money then you.
"accountant" Discussed on Part-Time Genius
"If you focus your business so over the years he moved from damasio to helping people like pink floyd jethro tull a bunch of other bands and and then when russell simmons start is business he actually recruited pedal to work with him so they're all these stories of the years of pedal helping artists get their money back and you know he actually turned his office into an early we work for young hip hop artists and entrepreneurs like he let them work there for free and uses conference rooms and and whatever but my favorite part is that one of the artists he worked with said that for twenty eight years burt would call him up early on his birthday and sing him happy birthday and he did this for everyone he loved him believed in how that that's pretty sweet yeah according to this book the the history of business of hip hop as people were exploiting these young artists he was like the person who everyone trusted and he's known as the guy who helped artists get their money right you know one thing i hadn't thought about in a while was that even villains need accountants which is what makes the accountant story and that that's the book written by pablo escobar is brother and chief accountant roberto so interesting so the book is filled with all sorts of crazy details you know from the ingenious methods the cartel used to move that much cocaine across international lines i was reading about this they used to fill airplane tires with coke then they'd figure out how to liquefy it so it was coming across and bottles of cooking oil and pain and whatever and then they figured out how to embed it in plastic i mean the science just nuts but and i know back in our rats episode we talked about how escobar spent i think it was like twenty five hundred dollars a month on rubber bands on all that cash together and you know the rats used eat like ten percent of the profits just nibbling away at the cash in these warehouses but there were few other things that i didn't know about the accounting team so escobar's brother managed accounting team of ten people to oversee this cash you kind of forget that at the height of his reign escobar controlled eighty percent of the cocaine market forbes actually had him listed as the seventh.
"accountant" Discussed on Marketplace All-in-One
"It is a tax prep side hustle obviously you're not going to have a full book of business to begin with so there's a lot of downtime during your first couple tax seasons into it allowed me to take in as many hours as i really needed up to forty hours a week i mean it's you can work fulltime if you like baki is one of more than two thousand accountants working part time for turbo tax he signs up for shifts in advance and gets paid by the hour to log into into its cloud based system and fire up his webcam and he says those basic tech skills are not standard for most accountants some they just wanted to use paper pencil and their ten key you know with the spool of little paper they're amazingly fast on those things baki is part of a trend highly educated workers joining the gig economy not to drive cars or put together i ki furniture but to offer law advice or public relations or tax prep help a ruined sunderarajan is the author of the book the sharing economy the end of employment and the rise of crowd based capitalism he says high level professionals also want the ability to choose their own hours the platform has algorithms and network that allows you to get access to the same kind of high quality work and top notch corporate work but with a schedule that may be far better suited to your like you know your work life balance needs but as a consumer you might not want your accountant or your lawyer to be as random as your uber driver when you press that button on your uber up and you might want the driver that you liked but what you're really looking for us to get from point data point on the other hand the consequences of not getting the right professional when you requested and contin until win requesting lawyer.
"accountant" Discussed on Marketplace All-in-One
"This marketplace podcast is brought to you by bell healthcare needs help patient visits costs and paperwork are spiraling battelle advanced technology in the lyrics are designed to improve efficiency patient outcomes and the healthcare experience at patel it can be done learn more at patel dot org slash q i and by michigan economic development corporation our world is becoming more hands free and thanks to planet m that will also include the future of transportation with facilities like the american center from ability michigan has the most comprehensive autonomous real world testing under every road and weather condition and leads the nation in patents relating to navigation at smart mobility to learn more visit planet m dot com planet m michigan were big ideas mobility are born the gig economy it's not just for drivers task rabbits it is also for accountants from american public media this is marketplace tech i'm ali would it's tacking day and if you like me prepared your taxes online this year you might have seen an option to talk to a real accountant if you were having problems i noticed it in turbo tax and the reason it's there is because the gig economy has now come to taxes more than ninety percent of americans file their taxes online every year into its turbo tax and h and r block are two of the most popular programs and this year turbo tax is offering a feature that lets you talk to a real accountant over video chat to get help if you have a question one of those on demand accountants is jake baki i mean i get every kind of question some of it has released like well where do i enter my my w to some very simple ones too you know where they might have incentive stock options and they're trying to calculate the adjusted basis i do have a lot of questions about whatever that is balki is an accountant based in denver he left his old firm to start his own practice and he's supplementing his income by working as an ondemand accountants with turbo tax.
"accountant" Discussed on Slate's Hang Up and Listen
"The game really that much though or was this just a thirty six year old accountant taking the ice in an nhl game and when thirty six year old accountant takes the field in any sport he's not gonna look as good as the actual nhl players or whatever sport they play i think that's the distinction here is that and that's what makes this so much fun right it's that this really is plutonium i mean this is a guy that you are literally pulling out of the stands to play in a real game yeah i think it can be both to right you know he's i would say you know even even in my experience playing you know beer league hockey that shirts it's not professional but you know this guy played division one sports and i've played in beer leagues with guys on teams who played at notre dame and they were really would even like ten years out from college later so to say that to come in and you know in a blowout game like that he wouldn't be able to at least not look competent maybe is kind of a it's not surprising i guess and i think that's what i mean my point is only that it re further reinforces something that i think most fans don't appreciate enough is just that how much better the best players the nhl nfl mlb mls world cup whatever professional athletes are then really competent guys and women who played at a high level.
"accountant" Discussed on Progressive Talk 1350 AM
"You do most of the time when you're not here in the studio doing free talk live and you're not just any old accountant you're an anarchist accountant and i think we can count on one hand the number of anarchists accountants anywhere in the world but you're the one who actually hear there's probably a few of them that are kind of quietly anarchists who you know believe in liberty but don't tell any of their coworkers imagined there there's some hidden libertarian accountants out there but you're out in the open you hang it out from your shingle you're here on national radio admitting that you hate the state and you wanna do people's taxes for them because he the hell wants to do their own taxes my god want a nightmare tis the season to be reaching out for melania's assistance right now as soon as you get your w twos in order the whatever paper works that these companies have to send you that's when they should call you write for personal taxes yes yes said whenever you get whatever papers you're going to gets then set of an appointment if it gets to i've had a couple of people get stuff late and then try to call me like april 13th if it gasoline colmey any way and we'll see what's going on um well if it gets lewis can tell we hope the fallen extension right yes yes if you call me april 14th at six pm i'm not going to promise what i'm going to be able to do in the next no no no i meant if it if you haven't got everything in its april first or something like that or you know it's a few weeks in advance in it's not looking good that would be a good time to get to get in.
"accountant" Discussed on The Flop House Podcast
"Kramer vs kramer because even that had jokes in it units at like are you making schindler's list is that while you're taking this autistic hitman movie so seriously unlike ben affleck's perform like you this out elliott wh how did you to screw would you describe and aflac does this is a little derogatory if it is i think what you're it's ascribed as a very small man is clearly very smart who seems incapable of portraying intelligence sunscreen lady always seems like kind of a kind of a lug onscreen even on in person i know he is an intelligent person here he's cleared he's gonna be a smart guy yeah but for whatever reason white for instance in this movie there are see his like his ability to interact with humans fluctuate so much were there some scenes where like why are you doing that i'm ben are flood is love i am a robot yeah and then there's other scenes is just like i'm diesel me men from the block and there's a there's he has this he has the feeling of a movie wear lately you don't let this is the worst way to put it i guess but in this movie he has he's doing his lease for the worst way is have you ever seen a porn video charreyre agenda here a jacked up pornstar puts on glasses and a suit and he's supposed to be like an accountant were like somebody who were or leica a mildmannered teacher something that's kind of what it feels like at times that has that feeling of like a football player puts glasses on to look a little smarter you there was a point where we were introduced to like an older heavyset balding ma'am yeah nerd accountant he looked like a real like an account and there is appoint were like wouldn't it be way better of that guy was kim yeah it's either that or make jason stake than the account at 'cause that be literally as if this was a crazy movie that would be a different story but it's a movie that takes the tell very seriously like if it's spoken scott adkins.
"accountant" Discussed on The Flop House Podcast
"Area while over the flop house i've their mccoy hail you knew listeners out there on stewart the cool guy willing to a new all listeners know me as that young lipper snap rally keleti just can't keep interrupting all these other guys for gosh darn sakes now of course i'm addressing the the new listeners la's address in the old listeners 'cause i'm sure they all came to the yard to here is talk about the biggest movie the world star in with starting with a day the accountant now dan what is this i guess devout voice your time at the account it's a piped gas where we watch a bad movie and then we talk about it making of hey guys i got an idea for movie sure a new movie okay ram new it's called it's called yet call dr wonka and the cavity factor earlier densest our creator of america doesn't like the dentist your says corbyn burdensome if he'll be called dr wonka and the chocolate cavity all right batalike cavity factory i now here's the thing i arago cavities gross carr's hits the bathroom guess say no more injuries isn't or maybe i am i dunno by and there's of it's a musical there's ones goes like this come with me and you'll see a world of dental sanitation that's all i got so far dental sanitation yet because my teeth keep a deep cling i understand with very little light trucks the camera am yes to the world wednesday her others little trucks full of other called the muller lupus yours across over with pixar's at trucks franchise yahya end other hit teeth franchise.