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The Accounting Podcast

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Dec 2, 2020 • 58min

Credit Karma Exits Tax Prep, Square Enters

SponsorsSynder: https://cloudaccountingpodcast.promo/synderClockShark: https://cloudaccountingpodcast.promo/clocksharkOnPay: https://cloudaccountingpodcast.promo/onpayShow Notes03:30 - Amazon cloud-computing outage Wednesday triggered by effort to boost system’s capacity https://www.inquirer.com/business/technology/amazon-web-services-failure-added-capacity-20201128.htmlAWS Outage Interrupts Service for Spotify, Square And Others https://www.pymnts.com/amazon/2020/aws-outage-interrupts-web-service-for-spotify-square-and-others/People Can't Vacuum Or Use Their Doorbell Because Amazon's Cloud Servers Are Down - Eminetra Australiahttps://eminetra.com.au/people-cant-vacuum-or-use-their-doorbell-because-amazons-cloud-servers-are-down/74505/06:30 - Will Zoom Apps be the next hot startup platform?https://techcrunch.com/2020/11/18/will-zoom-apps-be-the-next-hot-startup-platform/08:44 -  Salesforce in Acquisition Talks with Slack – Good News or not? https://customerthink.com/salesforce-in-acquistion-talks-with-slack-good-news-or-not/13:54 - Salesforce buying Slack would mark the first big software deal in a boom year for the cloud https://www.cnbc.com/2020/11/28/salesforce-slack-would-be-first-big-deal-in-boom-year-for-software.html14:05 - Expensify Surpasses $100 Million in Annual Recurring Revenuehttps://www.businesswire.com/news/home/20201123005455/en/Expensify-Surpasses-100-Million-in-Annual-Recurring-Revenue19:28 - Tudor, the Virtual Accounting Robot, launched by Connectionshttps://business-review.eu/tech/tudor-the-virtual-accounting-robot-launched-by-connections-21518927:22 - Pentagon fails audit yet again, could pass around 2027, comptroller sayshttps://uk.reuters.com/article/us-usa-pentagon-auditor/pentagon-fails-audit-yet-again-could-pass-around-2027-comptroller-says-idUSKBN27X03P29:45 - Some in Scottsdale will get deliveries from Walmart in autonomous Cruise vehicleshttps://www.azcentral.com/story/money/business/consumers/2020/11/10/walmart-use-cruise-vehicles-autonomous-deliveries-scottsdale/3761006001/31:52 - Pandemic Speeds Americans’ Embrace of Digital Commercehttps://www.wsj.com/articles/pandemic-speeds-americans-embrace-of-digital-commerce-1160543620034:07 - FinTech Stripe Eyes Funding Round, $100B Valuationhttps://www.pymnts.com/news/investment-tracker/2020/fintech-stripe-eyes-funding-round-that-could-put-valuation-at-100b/34:46 - Second Share Purchase Values Toast POS At $8Bhttps://www.pymnts.com/restaurant-technology/2020/second-share-purchase-deal-values-pos-startup-toast-at-8b/35:58 - TurboTax maker Intuit wins U.S. antitrust nod for Credit Karmahttps://bankinnovation.net/allposts/focus/comp-reg/turbotax-maker-intuit-wins-u-s-antitrust-nod-for-credit-karma/Credit Karma To Divest Tax Unit In Merger https://www.pymnts.com/news/partnerships-acquisitions/2020/credit-karma-to-divest-tax-unit-to-square-in-7-1b-merger-with-intuit/38:22 - Square and Xero: Enhanced integration and point-of-sale features for UKhttps://www.xero.com/blog/2020/11/square-xero-enhanced-integration-uk/39:05 - Xero's cash mountain suggests a major deal is on the horizonhttps://www.afr.com/technology/xero-s-cash-mountain-suggests-a-major-deal-is-on-the-horizon-20201125-p56hrn39:56 - Crunch Free is a new online accounting platform aimed at the self-employedhttps://www.techradar.com/uk/news/crunch-free-is-a-new-online-accounting-platform-aimed-at-the-self-employed41:21 - Latest product news – December 2020https://www.xero.com/blog/2020/11/latest-product-news-december-2020/41:52 - New: Easily Manage Your Bills With Accounts Payablehttps://www.freshbooks.com/blog/accounts-payable42:30 - FreshBooks Ramps Up Its Focus on the UK Small Business Market, Announcing a Partnership with Barclays, and Launching a Suite of New Features https://www.globenewswire.com/news-release/2020/11/25/2133461/0/en/FreshBooks-Ramps-Up-Its-Focus-on-the-UK-Small-Business-Market-Announcing-a-Partnership-with-Barclays-and-Launching-a-Suite-of-New-Features.html42:53 - Biden confirms he wants Janet Yellen to be his Treasury secretary — what that means for cash-strapped American familieshttps://www.marketwatch.com/story/janet-yellen-is-poised-to-become-treasury-secretary-in-a-biden-cabinet-what-that-means-for-cash-strapped-american-families-2020-11-2443:17 - Virtual HQs race to win over a remote-work-fatigued market
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Nov 25, 2020 • 58min

IRS To Increase Audits On Small Business By 50%

SponsorsThomson Reuters: https://cloudaccountingpodcast.promo/trcloudClockShark: https://cloudaccountingpodcast.promo/clocksharkOnPay: https://cloudaccountingpodcast.promo/onpayShow Notes07:58 – 36% of Americans Won't Move to Rural Areas Due to Slow Internet Speeds https://smallbiztrends.com/2020/11/rural-internet-speeds-urban-sprawl.html11:09 – Women less likely to feel fairly comped for WFH expenses https://www.accountingtoday.com/news/women-less-likely-to-feel-fairly-compensated-for-work-from-home-expenses-during-pandemic17:01 – Congress blasts IRS for limits on forgiven PPP loan tax breaks https://www.accountingtoday.com/articles/congress-blasts-irs-for-limits-on-forgiven-ppp-loan-tax-breaks17:23 – IRS clarifies deductibility of PPP loan expenses, as AICPA criticizes forgiveness questionnaire https://www.accountingtoday.com/news/irs-and-treasury-clarify-deductibility-of-ppp-loan-expenses-as-aicpa-criticizes-forgiveness-questionnaire17:50 – IRS Crushes Hopes Of Deducting PPP-Paid Expenses Before Forgiveness Approval; But Questions Remainhttps://www.forbes.com/sites/anthonynitti/2020/11/19/irs-crushes-hopes-of-deducting-ppp-paid-expenses-before-forgiveness-approval-but-questions-remain/19:13 – Letters signed by AICPA raise concerns about PPP Loan Necessity Questionnaires https://www.journalofaccountancy.com/news/2020/nov/aicpa-signed-letters-raise-concerns-ppp-loan-necessity-questionnaires.html20:01 – PODCAST: How Fraud and Waste Seeped into a COVID Stimulus Program (WSJ’s The Journal) https://podcasts.apple.com/us/podcast/the-journal/id1469394914?i=100049927249523:22 – Evidence of PPP Fraud Mounts, Officials Say https://www.wsj.com/articles/ppp-was-a-fraudster-free-for-all-investigators-say-1160483207224:55 – Mnuchin pulls plug on some pandemic lending programs that Fed considers essential https://de.reuters.com/article/us-usa-fed-mnuchin-idUSKBN27Z34P25:54 – IRS plans a 50% ramp-up in small-biz audits next yearhttps://www.accountingtoday.com/articles/irs-plans-a-50-ramp-up-in-audits-of-small-businesses-next-year27:57 – AICPA disagrees with IRS commissioner Rettig on penalty relief https://www.accountingtoday.com/news/aicpa-disagrees-with-irs-commissioner-rettig-on-penalty-relief30:10 – IRS investigating fewer tax preparers https://www.accountingtoday.com/news/irs-investigating-fewer-tax-preparers31:35 – Top Challenges? Staffing, Staffing, Staffinghttps://cpatrendlines.com/2020/11/19/web-portals-are-here-to-stay/33:18 – PayPal Gives Employees Early Paycheck Accesshttps://www.pymnts.com/news/payments-innovation/2020/paypal-gives-employees-early-access-to-paychecks-though-evens-app/34:48 – QuickBooks Connect 2020 Hosts Thousands Virtuallyhttps://www.intuitiveaccountant.com/general-ledger/quickbooks-connect-2020-hosts-thousands-virtually/39:28 – QuickBooks Live Bookkeeping update: November 2020 https://www.firmofthefuture.com/content/quickbooks-live-bookkeeping-update-november-2020/41:36 – Intuit has Launched HubSpot for QuickBookshttps://www.intuitiveaccountant.com/general-ledger/intuit-has-launched-hubspot-for-quickbooks/47:28 – Intuit (INTU) Q1 Earnings & Revenues Top Estimates, Increase Y/Y https://finance.yahoo.com/news/intuit-intu-q1-earnings-revenues-131201694.html51:19 – Why Xero investors should forget the US markethttps://www.afr.com/technology/why-xero-investors-should-forget-the-us-market-20201110-p56d8y54:41 – A Review! Thank you, B Stoltzfus!  Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaser...
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Nov 16, 2020 • 1h 6min

Millennials Need Helicopter Accountants

SponsorsAccountant Connect: https://cloudaccountingpodcast.promo/adpA2X: https://cloudaccountingpodcast.promo/a2xBQE CORE: http://cloudaccountingpodcast.promo/coreShow Notes03:55 – It’s not too late to cancel Thanksgiving https://www.technologyreview.com/2020/11/14/1012128/its-not-too-late-to-cancel-thanksgiving/ 08:11 – Follow up on Leary's theory about Trump's Loss from last week's episodehttps://www.cloudaccountingpodcast.com/200 12:34 – Blake sheds some light on his discussion with David Barrett, CEO of Expensify 20:32 – The Time Has Come for a True Wealth Taxhttps://dvorak.substack.com/p/the-time-has-come-for-a-true-wealth 25:11 – Deutsche Bank calls for a 5 percent 'privilege' tax on peoplehttps://thehill.com/changing-america/respect/poverty/525480-deutsche-bank-calls-for-a-5-privilege-tax-on-people-choosing People Who Work from Home Should Pay a New Tax, Economists Suggesthttps://gizmodo.com/people-who-work-from-home-should-pay-a-new-tax-economi-1845646500 26:50 – Personal banking vs. business banking: Do you need separate bank accounts? | QuickBooks https://quickbooks.intuit.com/r/banking/personal-vs-business-banking/ 30:50 – Millennials & Your Firm [Xero Survey]: 11 Key Takeawayshttps://futurefirm.co/millennials-accounting-firm/ 33:28 – My Startup Story: How This Founder Uses Tech to Prove Work-Life Harmony Is Possible For Accountants » Dallas Innovates https://dallasinnovates.com/my-startup-story-how-this-founder-uses-tech-to-prove-work-life-harmony-is-possible-for-accountants/  35:57 – Microsoft now lets you bring your own data types to Excel – TechCrunchhttps://techcrunch.com/2020/10/29/microsoft-now-lets-you-bring-your-own-data-types-to-excel/38:26 – NetSuite debuts SuiteAccountants programhttps://www.accountingtoday.com/news/netsuite-debuts-suiteaccountants-program-to-help-accountants-elevate-service 41:20 – Xero's fast growth slows, but profits surgehttps://www.afr.com/technology/xero-s-fast-growth-slows-but-profits-surge-20201109-p56cul 43:19 – Receipt Bank now available for QuickBooks Desktop via Right Networks https://www.accountingtoday.com/news/receipt-bank-now-available-to-quickbooks-desktop-users-via-right-networks 46:13 – Avalara buys Businesses Licenses LLC for $97M https://www.accountingtoday.com/news/avalara-buys-businesses-licenses-llc-for-97m48:06 – Blake's tax discussion with CAP listener Juventino Gaytan (Tino) https://www.linkedin.com/in/tinogaytan/  60:05 – Reviews x 3! Thank you, Vcjgvjgbufbycjg (however you would pronounce that), Nonickname7395, and Jesse Gildesgame! Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsBaCo Tech: https://www.bacotech.com/ClientHub: https://clienthub.appGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd  Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the show notes for the link to get more info and be sure to check out our special stimulus pricing of four episodes for just $100. Full Transcript Available Upon Request - info@cloudaccountingpodcast.com
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Nov 10, 2020 • 60min

How Trump's TCJA Caused Him to Lose

SponsorsFinancial Cents: https://cloudaccountingpodcast.promo/centsA2X: https://cloudaccountingpodcast.promo/a2xBQE CORE: http://cloudaccountingpodcast.promo/coreShow Notes 07:37 – No, Biden did not receive thousands of mysteriously surfaced votes in Michiganhttps://www.politifact.com/factchecks/2020/nov/04/tweets/no-biden-did-not-receive-thousands-mysteriously-su/ 10:02 – Meet the Excel warriors saving the world from spreadsheet disasterhttps://www.wired.co.uk/article/spreadsheet-excel-errors11:20 – It's time for the Leary Theory on How Trump Lost13:46 – 691,145 Californians left last year: What state did they go to? – Orange County Registerhttps://www.ocregister.com/691145-californians-left-last-year-what-state-did-they-go-to13:54 – Where to Move from California in 2018: Top 10 Places Californians Move - TSI Movinghttps://www.tsishipping.com/blog/moving/top-10-places-californians-now-call-home-201816:20 – Judge orders Trump administration to reveal PPP loan data it sought to obscurehttps://www.nbcnews.com/business/business-news/judge-orders-trump-administration-reveal-ppp-loan-data-it-sought-n124679219:05 – Evidence of PPP Fraud Mounts, Officials Sayhttps://www.wsj.com/articles/ppp-was-a-fraudster-free-for-all-investigators-say-11604832072 20:33 – Walmart abandons shelf-scanning robots, lets humans do workhttps://www.foxbusiness.com/technology/walmart-abandons-shelf-scanning-robots-lets-humans-do-work22:28 –  If you worked remotely due to Covid-19, a state tax surprise could be cominghttps://www.cnbc.com/2020/11/06/if-you-worked-remotely-due-to-covid-19-a-state-tax-surprise-could-be-coming.html26:42 – How one simple Zapier workflow created a multimillion-dollar business https://zapier.com/blog/how-zapier-helped-create-bonjoro/28:14 – How to Get Accounting Clients in a Changing Worldhttps://futurefirm.co/how-to-get-accounting-clients/30:59 – Acuity Launches Accounts Receivable Services as Standalone Servicehttps://acuity.co/accounts-receivable-services/36:00 – California accounting board fines KPMG $1.3M for cheating scandalhttps://www.complianceweek.com/regulatory-enforcement/california-accounting-board-fines-kpmg-13m-for-cheating-scandal/29683.article38:16 – Bill.com tops earnings expectations as more small businesses get back to work, but stimulus questions lingerhttps://www.marketwatch.com/story/bill-com-tops-earnings-expectations-as-more-small-businesses-get-back-to-work-but-stimulus-questions-linger-11604628670 39:50 – Square stock soars after earnings 'beat by a mile,' analysts applaud growth in Cash App https://www.cnbc.com/2020/11/06/square-stock-soars-after-massive-earnings-beat-helped-by-cash-app-.html 45:13 – Customise your chart of accounts templates in Xero HQhttps://www.xero.com/blog/2020/11/customise-chart-of-accounts-templates-in-xero-hq/47:06 – Does Your Firm Have a Clear Vision for Hosting: Public Cloud, Private Cloud, SaaShttps://www.cpapracticeadvisor.com/firm-management/article/21157787/does-your-firm-have-a-clear-vision-for-hosting-public-cloud-private-cloud-saas 48:57 – Osome Banks On $3M For Accounting ‘Super App’ https://news.crunchbase.com/news/osome-banks-on-3m-for-accounting-super-app/ 52:40 – Lightspeed To Buy ShopKeep For $440Mhttps://www.pymnts.com/news/partnerships-acquisitions/2020/lightspeed-buy-shopkeep-advance-pos/ 54:00 – NerdWallet Acquires SMB Finance Platform Funderahttps://www.pymnts.com/news/partnerships-acquisitions/2020/nerdwallet-acquires-smb-finance-platform-fundera/ 55:25 – A Review! – Thank you, Joe Pavone! 57:09 – Last, but definitely not least, this is our 200th Episode!🎉👏😁Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcasts
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Nov 5, 2020 • 1h

Accounting Jobs Are Coming Back

SponsorsThomson Reuters SYNERGY: https://cloudaccountingpodcast.promo/synergyClockShark: https://cloudaccountingpodcast.promo/clocksharkOnPay: https://cloudaccountingpodcast.promo/onpayShow Notes03:41 – Why political campaigns are sending 3 billion texts in this electionhttps://www.technologyreview.com/2020/10/28/1011301/why-political-campaigns-are-sending-3-billion-texts-in-this-election/07:43 – America’s Password Habits: 2020https://www.security.org/resources/online-password-strategies/   - 14% of Americans Using COVID in Online Passwords, New Survey Reveals      https://smallbiztrends.com/2020/10/americans-using-covid-online-passwords.html 09:34 – At the expense of its partners’ neutrality, Expensify boosts Bidenhttps://www.accountingtoday.com/opinion/at-the-expense-of-its-partners-neutrality-expensify-boosts-biden09:54 – Coinbase CEO discourages politics at work, offers generous severance to employees who want to quithttps://www.cnbc.com/2020/09/30/coinbase-ceo-offers-severance-to-employees-leaving-over-politics.html12:20 – SBA presses big businesses to justify aid, sparking uproarhttps://www.politico.com/news/2020/10/30/sba-big-businesses-ppp-loans-43373616:23 – Fed lowers minimum loan level for small business lending programhttps://www.cnbc.com/2020/10/30/fed-lowers-minimum-loan-level-for-small-business-lending-program.html17: 51 – An Avalanche of Fraud Buried a Small-Business Relief Programhttp://www.bnnbloomberg.ca/an-avalanche-of-fraud-buried-a-small-business-relief-program-1.151467423:00 – SEC awards record $114M to whistleblowerhttps://www.accountingtoday.com/news/sec-awards-record-114m-to-whistleblower24:49 – Employers refilling open accounting jobs amid pandemichttps://www.accountingtoday.com/news/employers-refilling-open-accounting-jobs-amid-pandemic25:55 – Number of the Day: 75%https://www.goingconcern.com/number-of-the-day-75/27:12 – More than Half of Small Businesses Say They're the Same or Better Than Before COVIDhttps://smallbiztrends.com/2020/10/capital-one-small-business-confidence-survey.html31:00 – More than Half of U.S. Companies Have Hired New Staff Remotelyhttps://www.cpapracticeadvisor.com/payroll/news/21159623/more-than-half-of-us-companies-have-hired-new-staff-remotely34:14 – Vast migration of over 14 million Americans coming due to rise in remote work, study showshttps://www.cnbc.com/2020/10/28/vast-migration-of-over-14-million-americans-coming-due-to-remote-work.html37:52 – 9Spokes signs new Bank of New Zealand contract for further two-year term https://www.proactiveinvestors.com.au/companies/news/932539/9spokes-signs-new-bank-of-new-zealand-contract-for-further-two-year-term-932539.html38:12 – BlueVine Takes Wraps Off Biz Banking Platform https://www.pymnts.com/news/banking/2020/bluevine-takes-wraps-off-small-biz-banking-platform/38:56 – Sunrise Bookkeeping, a Lendio Company, Releases Its First Mobile Apphttps://www.globenewswire.com/news-release/2020/10/29/2117108/0/en/Sunrise-Bookkeeping-a-Lendio-Company-Releases-Its-First-Mobile-App.html39:52 – QuickAccept First Step To Building SMB Ecosystemhttps://www.pymnts.com/news/b2b-payments/2020/chase-neukirchen-quickaccept-first-step-building-smb-ecosystem/40:41 – Stripe Expands Partnership With Mindbodyhttps://www.pymnts.com/news/payment-methods/2020/stripe-expands-partnership-with-mindbody-for-fitness-payments/42:01 – Credit Karma in Talks to Sell Tax-Preparation Business to Square https://www.wsj.com/articles/credit-karma-in-talks-to-sell-tax-preparation-business-to-square-1160406727443:59 – What’s new in QuickBooks Online: October 2020https://quickbooks.intuit.com/blog/whats-new/whats-new-in-quickbooks-online-october-2020/46:25 – Tech news: Wolters Kluwer adds eSignature to ATX, and morehttps://www.accountingtoday.com/list/tech-news-wolters-kluwer-adds-esignature-to-atx-and-more46:57 – Report: DOJ May Sue To Block Visa's Plaid Acquisitionhttps://www.pymnts.com/news/partnerships-acquisitions/2020/report-doj-could-soon-decide-if-it-will-try-to-block-visas-acquisition-of-plaid/Visa $5.3 billion Plaid deal triggers DOJ antitrust worries https://bankinnovation.net/allposts/focus/comp-reg/visa-5-3-billion-plaid-deal-triggers-doj-anti...
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Oct 25, 2020 • 55min

Expensify Stand Down and Stand By

SponsorsADP Marketplace: https://cloudaccountingpodcast.promo/adpClockShark: https://cloudaccountingpodcast.promo/clocksharkLivePlan: https://cloudaccountingpodcast.promo/liveplanShow Notes07:14 – Expensify’s CEO explains how he made the decision to tell all his customers to vote for Biden  https://www.protocol.com/expensify-email-biden-trump-david-barrett 20:34 – Expensify CEO Emails 10 Million Customers Urging Them to Vote for Bidenhttps://www.bloomberg.com/news/articles/2020-10-23/expensify-biden-email-goes-out-to-10-million-customers More Expensify Coverage:  CEO emails 10 million customers to tell them to vote for Biden https://www.cbsnews.com/news/expensify-ceo-david-barrett-emails-customers-vote-biden/Expensify CEO Urges Customers to Vote Against Trump https://www.wsj.com/articles/expensify-ceo-urges-customers-to-vote-against-trump-11603489825Expensify CEO implores customers to vote for Biden over Trump in an explosive mass email https://www.fastcompany.com/90567857/expensify-ceo-biden-trump-david-barrett 27:37 – The results are in from our own Expensify v. Democracy survey on Twitterhttps://twitter.com/CloudAcctPod/status/1319606666690580480 29:15 – Our discussion on which way accountants will vote in 2020https://www.cloudaccountingpodcast.com/194 35:48 – Jirav named CPA.com's preferred business planning software partner https://www.accountingtoday.com/news/jirav-is-now-cpa-coms-preferred-business-planning-software-partner  38:10 – JPMorgan Takes On Square, PayPal At Point Of Sale  https://www.pymnts.com/smbs/2020/jpmorgan-takes-on-square-and-paypal-at-the-point-of-sale/ 38:48 – JPMorgan Chase takes on Square and PayPal with smartphone card reader, faster deposits for merchantshttps://www.cnbc.com/2020/10/21/jpmorgan-takes-on-square-and-paypal-with-smartphone-card-reader-faster-deposits-for-merchants.html 39:47 – PayPal to open up network to cryptocurrencieshttps://www.reuters.com/article/paypal-cryptocurrency-int-idUSKBN2762D5 PayPal Eyes Buying Crypto Firm BitGo, Others  https://www.pymnts.com/cryptocurrency/2020/paypal-eyes-buying-crypto-firm-bitgo-others/ 42:17 – Intuit account – Why now for QuickBooks Desktop?https://quickbooks.intuit.com/blog/accountant-advice/intuit-account-why-now-for-quickbooks-desktop/ 43:27 – New: Track Your Inventory Directly in FreshBookshttps://www.freshbooks.com/blog/inventory 44:10 – Feature Release: Introducing Plan, the 1st Feature in the All-New Scale Tierhttps://jetpackworkflow.com/blog/scale-tier-plan-release/ 45:02 – As stimulus talks drag on in Washington, millions of small businesses await guidance on PPP loan forgiveness https://www.cnbc.com/2020/10/23/millistimulus-talks-drag-on-and-uncertainty-over-ppp-loan-forgiveness-hangs-in-the-balance.html 47:09 – Deer crashes through window into accounting office https://www.upi.com/Odd_News/2020/10/23/Deer-crashes-through-window-into-accounting-office/7171603475615/  47:42 – Accounting Seed Releases Downloadable Accounting Basics Board Game https://curated.tncontentexchange.com/states/maryland/accounting-seed-releases-downloadable-accounting-basics-board-game/article_869e752d-bbad-5927-ac13-ba0b64fc19f1.html 50:00 – Historic bookkeeping record suggests Washington's horse fell in water near iconic Bull's Covered Bridge https://connecticut.news12.com/historic-bookkeeping-record-suggests-washingtons-horse-fell-in-water-near-iconic-bulls-covered-bridge  52:02 – Another listener voicemail from Shane Mason, Brooklyn FI TaxGet in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribe<...
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Oct 21, 2020 • 1h 2min

Ernst & Young Auditors Under Scrutiny After String of Massive Frauds

SponsorsBQE CORE: http://cloudaccountingpodcast.promo/coreClockShark: https://cloudaccountingpodcast.promo/clocksharkOnPay: https://cloudaccountingpodcast.promo/onpayShow Notes03:35 – Reviews from Julie Sigety, CPA, Angela, and MarieP86!  06:44 – String of Firms That Imploded Have Something in Common: Ernst & Young Audited Themhttps://www.wsj.com/articles/string-of-firms-that-imploded-have-something-in-common-ernst-young-audited-them-11602863319 13:12 – New Zoom Enhancements to Help Customers Re-Enter the Office & Enable Hybrid Workforceshttps://blog.zoom.us/new-zoom-enhancements-to-help-customers-re-enter-the-office-enable-hybrid-workforces/ 18:00 – Introducing Zapps, Bringing Best-of-Breed Apps Into the Zoom Experience https://blog.zoom.us/introducing-zapps-bringing-best-of-breed-apps-into-zoom/ 18:24 – Bring Zoom Into Your Apps With Our Customizable SDK https://blog.zoom.us/bring-zoom-into-your-apps-with-our-customizable-sdk/18:54 – From The Folks Who Brought You Boring Meetings: CEOs Want To Ditch Sterile Zoom Callshttps://www.npr.org/2020/10/14/923428794/from-the-folks-who-brought-you-boring-meetings-ceos-want-to-ditch-sterile-zoom-c 23:11 – It's Almost Impossible to Get COVID-19 on an Airplane, New Military Study Suggests https://www.military.com/daily-news/2020/10/15/its-almost-impossible-get-covid-19-airplane-new-military-study-suggests.html 26:53 – Report: Hackers Hit 2,000 Robinhood Accounts https://www.pymnts.com/news/security-and-risk/2020/report-hackers-hit-2000-robinhood-accounts/ 30:16 – What’s New in the Sage Intacct Release 3 https://www.accttwo.com/blog/whats-new-in-the-2020-sage-intacct-release-331:25 – BofA adds three new APIs to CashPro treasury producthttps://www.finextra.com/pressarticle/84422/bofa-adds-three-new-apis-to-cashpro-treasury-product33:46 – European fintech giant Revolut is close to applying for a bank charter in California, sources sayhttps://www.cnbc.com/2020/10/12/european-fintech-giant-revolut-is-close-to-applying-for-a-bank-charter-in-california.html 35:55 – Square Introduces Terminal API For Payments https://www.pymnts.com/api/2020/square-introduces-terminal-api-for-all-in-one-payments/ 38:33 – TD Bank files lawsuit against Plaid, accusing it of trying to 'dupe' consumers https://ca.finance.yahoo.com/news/td-bank-files-lawsuit-against-194530182.html41:24 – Intuit QuickBooks achieves open banking milestonehttps://www.accountantsdaily.com.au/technology/14942-intuit-quickbooks-achieves-open-banking-milestone42:51 – QR codes added to IRS balance-due noticeshttps://www.accountingtoday.com/news/irs-adds-qr-codes-to-balance-due-notices 44:31 – Starling Bank small business customers get PayStream accounting platform as an option https://www.techradar.com/uk/news/starling-bank-small-business-customers-get-paystream-accounting-platform-as-an-option 45:11 – Receipt Bank launches 'one place to pay' app https://www.finextra.com/pressarticle/84473/receipt-bank-launches-one-place-to-pay-app 46:34 – Treasury encouraged banks to prioritize PPP loans for existing clients, hurting minority- and women-owned small businesses, House report says https://www.cnbc.com/2020/10/16/treasury-encouraged-banks-to-prioritize-ppp-loans-for-existinG-clients.html 50:32 – Survey: Who’s Not Billing for PPP Services? https://cpatrendlines.com/2020/10/12/more-than-1-in-5-accountants-are-not-charging-for-ppp-services/ 53:19 – Wells Fargo terminates employees over potential COVID-19 relief fraud https://www.foxbusiness.com/economy/wells-fargo-fires-employees-over-potential-covid-19-relief-fraud55:01  – Voicemail!!  Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts...
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Oct 16, 2020 • 1h 1min

Rubber Stamped Forgiveness for PPP Loans

SponsorsDEAR Systems: https://cloudaccountingpodcast.promo/dearClockShark: https://cloudaccountingpodcast.promo/clocksharkBQE CORE: http://cloudaccountingpodcast.promo/coreShow Notes07:15 – Microsoft will let employees work from home half the time https://www.cnbc.com/2020/10/09/microsoft-implements-new-hybrid-remote-work-policy.html 10:47 – SBA and Treasury simplify forgiveness of PPP loans under $50K+https://www.accountingtoday.com/news/sba-and-treasury-simplify-forgiveness-of-ppp-loans-under-50k 11:47 – PPP forgiveness simplified for loans of $50,000 or lesshttps://www.journalofaccountancy.com/news/2020/oct/ppp-forgiveness-simplified-for-loans-50000-less.html 14:21 – IRS Investigating NRA’s Wayne LaPierre for Possible Tax Fraudhttps://www.wsj.com/articles/irs-investigating-nras-wayne-lapierre-for-possible-tax-fraud-11601923467 15:46 – Software Pioneer John McAfee Indicted On Tax Charges https://www.forbes.com/sites/kellyphillipserb/2020/10/05/software-millionaire-john-mcafee-indicted-on-tax-charges/#65df8ef72672 19:00 – IRS: Sorry, but It’s Just Easier and Cheaper to Audit the Poorhttps://www.propublica.org/article/irs-sorry-but-its-just-easier-and-cheaper-to-audit-the-poor 21:20 – IRS Whittles Mail Backlog, Aims to Make Final Stimulus Paymentshttps://www.wsj.com/articles/irs-whittles-mail-backlog-aims-to-make-final-stimulus-payments-11602097587 23:20 – Robinhood Reports Potential Hacking Incidenthttps://www.pymnts.com/news/security-and-risk/2020/robinhood-reports-potential-hacking-incident/ 29:12 – BoA Goes Micro With Consumer Loan Up To $500https://www.pymnts.com/loans/2020/bank-of-america-goes-micro-with-consumer-loan-up-to-500-dollars/ 30:04 – Introducing New Modern Benefits that Expand Access to Affordable Health Coverage and Put an End to Predatory Banking Practiceshttps://gusto.com/company-news/introducing-gusto-benefits-for-all 32:20 – Expensify introduces free vendor bill-payhttps://www.accountingtoday.com/news/expensify-introduces-free-vendor-bill-pay 36:58 – Tipalti valued at $2B+ after raising $150M for its accounting automation platformhttps://siliconangle.com/2020/10/06/tipalti-valued-2b-raising-150m-accounting-automation-platform/ 38:20 – Avalara acquires Transaction Tax Resources for $377Mhttps://www.accountingtoday.com/news/avalara-acquires-transaction-tax-resources-for-377m 42:26 – Accounting error costs Georgia, tax collections stay strong https://www.thetelegraph.com/news/article/Accounting-error-costs-Georgia-tax-collections-15626264.php 44:02 – Spill some tea! If you know which software was involved in the Georgia tax fiasco, do tell. Hit us up on Twitter, or LinkedIn. Inquiring accountants want to know!  46:02 – Botched Excel import may have caused loss of 15,841 UK COVID-19 cases https://arstechnica.com/tech-policy/2020/10/excel-glitch-may-have-caused-uk-to-underreport-covid-19-cases-by-15841/ 48:41 – Introducing Client Hub Frictionless Workflowhttps://blog.clienthub.app/frictionlessworkflow/ 49:27 – This is Google's new plan to take on Microsoft Office - Latest Newshttps://timesofindia.indiatimes.com/gadgets-news/this-is-googles-new-plan-to-take-on-microsoft-office/articleshow/78533493.cms 52:08 – Japanese Startup Surges 300% on Demand for Cloud-Based Accountinghttps://finance.yahoo.com/news/japan-startup-surges-300-demand-200000131.html 54:10 – Square stock gains after company purchases $50 million in bitcoinhttps://www.marketwatch.com/story/square-stock-gains-after-company-purchases-50-million-in-bitcoin-11602164665 56:45 – EY Changes Its Vacation Policy, Oh and BTW They’re Not Paying Out Accrued PTO If You “Leave”https://www.goingconcern.com/ey-flexible-vacation-policy-pto/Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/Ap...
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Oct 8, 2020 • 56min

Happy Birthday Excel 🎂

SponsorsOnPay - https://cloudaccountingpodcast.promo/onpayClockShark: https://cloudaccountingpodcast.promo/clocksharkBQE CORE: http://cloudaccountingpodcast.promo/coreShow Notes04:17 – Happy Birthday, Microsoft Excel!https://www.goingconcern.com/happy-birthday-microsoft-excel/ 06:06 – Love them or hate them, spreadsheets are going 3D https://www.techradar.com/news/love-them-or-hate-them-spreadsheets-are-going-3d 07:50 – Updates on Scaling New Heights and announcing a new, ongoing strategic alliance with Woodard Institute https://www.firmofthefuture.com/content/updates-on-scaling-new-heights-and-announcing-a-new-ongoing-strategic-alliance-with-woodard-institute/ 11:13 – EisnerAmper releases return-to-office, social distancing apphttps://www.accountingtoday.com/news/eisneramper-releases-return-to-office-social-distancing-app 14:25 – Sage Launches AI-Powered Timesheets App Built Directly into the Sage Intacct Cloudhttps://www.accountingweb.com/technology/accounting-software-news/sage-launches-ai-powered-timesheets-app-built-directly-into-the 16:35 – Zapier Launches New Microsoft Teams Integration to Bolster Productivityhttps://www.prnewswire.com/news-releases/zapier-launches-new-microsoft-teams-integration-to-bolster-productivity-301138171.html 18:53 – Canopy Enhances PM and Tax Resolution Featureshttps://www.accountingweb.com/technology/accounting-software-news/canopy-releases-feature-updates-for-its-practice-management- and20:35 – Expert’s choice: Top accounting appshttps://www.accountingtoday.com/list/experts-choice-top-accounting-apps 26:48 – Apps Will Get You Paid Early, for a Pricehttps://www.nytimes.com/2020/10/02/your-money/cash-advance-apps-paychecks.html 30:57 – Banks Push Back On Possible Banking Chartershttps://www.pymnts.com/bank-regulation/2020/banks-push-back-on-possible-banking-charters-for-big-techs-like-amazon-and-facebook/32:36 – E.C.B. says it is considering issuing a digital euro.https://www.nytimes.com/live/2020/10/02/business/stock-market-today-coronavirus#ecb-says-it-is-considering-issuing-a-digital-euro 33:28 – IRS releases final rules on business meals and entertainmenthttps://www.journalofaccountancy.com/news/2020/oct/irs-rules-business-meals-entertainment.html 35:49 – IRS adds marijuana industry page to websitehttps://www.irs.gov/businesses/small-businesses-self-employed/marijuana-industry  37:14 – Apple’s credit card won’t make you question the existence of a 10-person Texas tax firm anymorehttps://www.theverge.com/2020/10/2/21498824/apple-credit-card-mislabeling-at-t-charges-transactions-waters-hardy-co 39:18 – COVID-19 has just turned your website into a rainmakerhttps://www.accountingtoday.com/list/COVID-19-has-just-turned-your-website-into-your-rainmaker 42:09 – Accountants are now 'key workers', say UK firmshttps://www.techradar.com/nz/news/accountants-are-now-key-workers-say-uk-firms 45:20 – Despite Billions in Fees, Banks Predict Meager Profits on PPP Loanshttps://www.nytimes.com/2020/10/01/business/ppp-loans-bank-profits.html 48:12 – Man tries to steal millions in PPP loans named after 'Game of Thrones'https://www.businessinsider.com/man-tries-to-steal-millions-ppp-loans-game-of-thrones-2020-10 49:51 – Reviews and Voicemail!  52:20 – Brave – A Chromium browser https://brave.com/?ref=tom660 53:56 – See Blake and David at the Accounting & Finance Show! https://cloudacctpod.link/AccountingShowUSA Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePod...
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Oct 2, 2020 • 46min

Who Are Accountants Voting For?

SponsorsADP Marketplace: https://cloudaccountingpodcast.promo/adpClockShark: https://cloudaccountingpodcast.promo/clocksharkSmansha: https://cloudaccountingpodcast.promo/smanshaCome See Us Here: The Accounting & Finance Show October 20-21 - https://cloudacctpod.link/AccountingShowUSA Show Notes05:23 - Reviews! 07:41 - No forgiveness: Small businesses still on hook for rescue loanshttps://www.politico.com/news/2020/09/27/no-forgiveness-small-businesses-still-on-hook-for-rescue-loans-421940Report: Not One PPP Loan Has Been Forgivenhttps://www.pymnts.com/loans/2020/report-not-one-ppp-loan-has-been-forgiven/08:17 - IRS says lenders don’t need to report PPP loan forgiveness https://www.accountingtoday.com/news/irs-says-lenders-dont-need-to-report-ppp-loan-forgiveness09:08 - Is It Insane to Start a Business During Coronavirus? Millions of Americans Don’t Think So. https://www.wsj.com/articles/is-it-insane-to-start-a-business-during-coronavirus-millions-of-americans-dont-think-so-1160109284112:36 - New Job Cuts at CPA Firmshttps://cpatrendlines.com/2020/09/21/covid-impact-32300-jobs-gone/14:31 - Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidancehttps://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.htmlTrump didn't pay income tax for 10 of 15 years before 2016 election: https://thehill.com/homenews/administration/518510-trump-paid-no-income-taxes-for-10-of-past-15-years-report17:42 - The Ordinary Taxpayer’s Guide To The Extraordinary Story Of Trump’s Tax Returns https://www.forbes.com/sites/kellyphillipserb/2020/09/28/the-ordinary-taxpayers-guide-to-the-extraordinary-story-of-trumps-tax-returns/18:56 - Accountants favor Trump in election by large marginhttps://www.accountingtoday.com/list/accountants-favor-trump-in-election-by-large-margin22:06 - If Your Small Business Died, Blame Trump  https://planningshop.com/2020/09/if-your-small-business-died-blame-trump/26:12 - Blackbaud Ransomware Breach Victims, Lawsuits Pile Uphttps://www.bankinfosecurity.com/blackbaud-ransomware-breach-victims-lawsuits-pile-up-a-1505328:03 - Shopify: 2 Employees Took Consumer Datahttps://www.pymnts.com/news/security-and-risk/2020/shopify-2-employees-took-consumer-data-from-merchant-sites/29:48 - Intuit launches new QuickBooks Commerce platformhttps://www.zdnet.com/article/intuit-launches-new-quickbooks-commerce-platform/32:10 - QuickBooks Recurring Transactions now available to third-party appshttps://blogs.intuit.com/blog/2020/09/22/quickbooks-recurring-transactions-now-available-to-third-party-apps/33:42 - Xero Business Community - Reporting: Insert page breaks https://community.xero.com/business/discussion/441431434:34 - FreshBooks Buys Mexico's Facturamahttps://www.pymnts.com/news/b2b-payments/2020/freshbooks-buys-mexico-based-digital-invoicing-firm-facturama/35:30 - Tech News: OnPay debuts customizable reports, and morehttps://www.accountingtoday.com/list/onpay-debuts-customizable-reports-and-more36:57 - 8 things to know about the audit evidence standardhttps://blog.aicpa.org/2020/08/8-things-to-know-about-the-audit-evidence-standard.html#sthash.8BCbEvgj.J65rwht5.dpbs37:32 - Avalara debuts suite for alcohol industry https://www.accountingtoday.com/news/avalara-debuts-compliance-product-suite-for-alcoholic-beverage-industry40:00 - Another satisfied listener - Thank you, Jackson Wilcox! 42:36 - Google launches a work-tracking tool and Airtable rival, Tables https://techcrunch.com/2020/09/22/google-launches-a-work-tracking-tool-and-airtable-rival-tables/Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessities...

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