The Accounting Podcast

Guests

Shehan Chandrasekera, CPA
https://www.linkedin.com/in/shehanc/

• CPA Practice Advisor 40 Under 40 honoree
• Head of Strategy for Tax at CoinTracker

Dr. Sean Stein Smith, CPA
https://www.linkedin.com/in/dr-sean-stein-smith-dba-cpa-63307444/

• Assistant Professor at Lehman College (CUNY)
• Founder at Company NameInstitute for Blockchain & Cryptoasset Research

Show Notes

2:55 - Bitcoin to Come to America’s Oldest Bank, BNY Mellon
https://www.wsj.com/articles/bitcoin-to-come-to-america-s-oldest-bank-bny-mellon-11613044810 

4:49 - Tesla Buys $1.5 Billion in Bitcoin: What Could Possibly Go Wrong?
https://www.wsj.com/articles/tesla-and-bitcoin-what-could-possibly-go-wrong-11612797620 
 

5:47 - What Do Bitcoin and Tulip Mania Have in Common?
https://interestingengineering.com/what-do-bitcoin-and-tulip-mania-have-in-common

5:50 - The underlying value of cryptocurrency 

7:00 - Store of value, or more?  

8:18 - Exiting Robinhood Could Create A Tax Nightmare For Crypto Users
https://www.forbes.com/sites/shehanchandrasekera/2021/01/28/exiting-robinhood-could-create-a-tax-nightmare-for-crypto-users/?sh=7a02ea1b4ad6

11:07 - Five taxable events regarding crypto 

14:42 - Four types of cryptocurrency holders in the U.S.

16:18 - If your clients hold crypto, what risks do you face, as an accountant, or tax preparer? 

21:39 - Asking About Crypto on An Organizer? It's Not Enough

https://www.boomer.com/post/asking-about-crypto-on-an-organizer-it-s-not-enough?vgo_ee=76sfxqcZn66PFl4np71OpQ%3D%3D

By Gary Boomer

22:00 - Is Bitcoin a bubble? 

33:27 - What does the future hold for Bitcoin? 

38:53 - What are the business use cases for blockchain? 

41:10 - Smart contracts in the blockchain

Additional Crypto Reading: 

Mastercard to Support Some Cryptocurrencies on Its Network
https://www.wsj.com/articles/mastercard-to-support-some-cryptocurrencies-on-its-network-11613004823?mod=article_inline

Intent On Ban, India To Give Transition Time To Crypto Investors
https://www.bloombergquint.com/business/intent-on-ban-india-to-give-transition-time-to-crypto-investors-bq-exclusive
 
As Bitcoin Soars Toward $50,000, Data Reveals Tesla Billionaire Elon Musk Triggered A $1.2 Billion Price Short-Squeeze

https://www.forbes.com/sites/billybambrough/2021/02/12/as-bitcoin-soars-toward-50000-data-reveals-tesla-billionaire-elon-musk-triggered-a-12-billion-bitcoin-price-short-squeeze/?sh=98368a2219ed

Bitcoin Is an Incredibly Dirty Business
https://www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost

 
Bitcoin's wild ride renews worries about its massive carbon footprint

https://www.cnbc.com/2021/02/05/bitcoin-btc-surge-renews-worries-about-its-massive-carbon-footprint.html

What is dogecoin? Elon Musk has sent the meme cryptocurrency soaring
https://finance.yahoo.com/news/what-is-dogecoin-the-meme-cryptocurrency-elon-musk-has-sent-soaring-170244933.html

Get in Touch

Thanks 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) 695-1040

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Full Transcript Available Upon Request - ...

Meet Ed Kless

• LinkedIn - https://www.linkedin.com/in/edkless/
• Twitter - https://twitter.com/edkless
• Sage - https://www.sage.com/en-us/blog/author/ed-kless/
• Sage Thought Leadership Podcast – https://sagethoughtleadership.com
• The Soul of Enterprise – http://thesoulofenterprise.com/

Show Notes

Another Remote-Work Year Looms as Office-Reopening Plans Are Delayed
https://www.wsj.com/articles/another-remote-work-year-looms-as-office-reopening-plans-are-delayed-11613039402

Learn  more about the Sage Accountants Network

https://www.sage.com/en-us/accountants/products/sage-accountants-network/

Get in Touch

Thanks 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) 695-1040

Need Accounting Conference Info? 

Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities

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Full Transcript Available Upon Request - [email protected]

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Show Notes

1:30 - Terrible financial advice is going viral on TikTok

https://www.vox.com/the-goods/22229551/tiktok-personal-finance-day-trading-tesla-scam

1:44 - TikTok Compilation Life Hack A Piece Of Information You Learned That feels Illegal to Know MashUps

https://www.youtube.com/watch?v=An3zt1xE6bA

2:20 - Question: https://youtu.be/An3zt1xE6bA?t=16

3:40 - Start a church: https://youtu.be/An3zt1xE6bA?t=71

4:25 - S corp: https://youtu.be/An3zt1xE6bA?t=97

9:44 - Closing the Diversity Gap - Strategic Finance

https://sfmagazine.com/post-entry/february-2021-closing-the-diversity-gap/

11:28 - Diverse talent leaving accounting jobs due to 'lack of inclusion'

https://www.accountingtoday.com/news/diverse-talent-leaving-accounting-jobs-due-to-lack-of-inclusion

13:00 - Accounting profession marks centennial of first Black CPA with new diversity campaign

https://www.accountingtoday.com/news/accounting-profession-marks-centennial-of-first-black-cpa-with-new-diversity-campaign

13:20 - Here's Another Reminder That Accounting Firms Used to Be Pretty Racist Back In the Day

https://www.goingconcern.com/heres-another-reminder-that-accounting-firms-used-to-be-pretty-racist-back-in-the-day/

14:00 - BlackCPAcentennial 

https://www.icpas.org/BlackCPAcentennial

15:47 - What Auditors Know about Amazon Product Ratings

https://cpatrendlines.com/2021/02/05/what-auditors-know-about-amazon-product-ratings/

The Paper: Audit Leadership Diversity and Audit Quality

http://hdl.handle.net/10125/70473

21:16 - TSheets is Becoming QuickBooks Time 

 https://www.intuitiveaccountant.com/general-ledger/tsheets-is-becoming-quickbooks-time/

Introducing QuickBooks Time: It’s TSheets … with a new name

https://quickbooks.intuit.com/blog/news/introducing-quickbooks-time-its-tsheets-with-a-new-name/

22:01 - QuickBooks Online Accountants Getting Upgrade https://www.accountingweb.com/technology/accounting-software-news/quickbooks-online-accountants-getting-upgrade

23:54 - Intuit - Changes to QuickBooks Online Payments Bank Transfer (ACH) Deposit Speed & Pricing

https://intuit.me/3tSGicC

26:06 - Small Business Bank Account & Debit Card - QuickBooks Cash https://quickbooks.intuit.com/payments/business-bank-account/

27:37 - CAP Listener, Todd Plager, weighs in on QuickBooks Cash

30:00 - Intuit Acquires OneSaas 

https://www.intuit.com/blog/investors/intuit-acquires-onesaas/

32:21 - Okta: Best-of-Breed Apps Are Still Winning 

https://www.saastr.com/okta-best-of-breed-apps-are-still-winning/

34:24 - Xero: Latest product news – February 2021

https://www.xero.com/blog/2021/02/latest-product-news-february-2021/

38:02 - Here's Why This Fintech Stock Is Skyrocketing on Friday

https://www.fool.com/investing/2021/02/05/heres-why-this-fintech-stock-is-skyrocketing-on-fr/

42:06 - Cloud AP/AR company Lockstep closes $10M in Series A funding

https://www.accountingtoday.com/news/cloud-accounting-company-lockstep-closes-10m-in-series-a-funding

42:41 - Whistleblowing soars to record with Americans working from home

https://www.accountingtoday.com/articles/whistleblowing-soars-to-record-with-americans-working-from-home

43:45 - Microsoft CEO Nadella Bets Businesses Are Ready to Spend Big on Employee Software

https://www.wsj.com/articles/microsoft-ceo-nadella-bets-businesses-are-ready-to-spend-big-on-employee-software-11612447214

Microsoft Viva

https://www.microsoft.com/en-us/microsoft-viva

45:46 - Deloitte in hot water in China after an employee makes a PPT exposing alleged accounting violations 

https://www.globaltimes.cn/page/202102/1215067.shtml

Deloitte Whistleblower Alleges Auditing Violations in China

https://www.caixinglobal.com/2021-02-06/deloitte-whistleblower-alleges-auditing-violations-in-china-101661171.html

49:20 - CDC paid Deloitte $44 million for faulty vaccine appointment system https://www.businessinsider.com/cdc-deloitte-flawed-coronavirus-vaccine-appointment-system-2021-2

53:21 - We've got VOICEMAIL! Thank you, Sean Birdsell! 

55:18 - Taxpayers need clarity on coordination of ERC and PPP loans

https://www.journalofaccountancy.com/news/2021/jan/ppp-loan-employee-retention-credit-erc-taxpayers-need-clarity.html

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet

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Show Notes

01:08 - GameStop https://en.wikipedia.org/wiki/GameStop
 

01:31 - Can’t Stop GameStop

https://www.npr.org/2021/01/25/960454567/cant-stop-gamestop

03:38 - This is how Wall Street thinks the Reddit-fueled GameStop trade unravelshttps://www.cnbc.com/2021/01/28/this-is-how-wall-street-thinks-the-reddit-fueled-gamestop-trade-unravels-.html

05:27 - Robinhood Raises $1B Amid GameStop Firestorm

https://www.cfo.com/credit/2021/01/robinhood-draws-1b-from-credit-line-amid-gamestop-firestorm

07:01 - For GameStop day traders, the moment they've dreamed about

https://apnews.com/article/us-news-health-coronavirus-pandemic-financial-markets-financial-crisis-834f2dd17cbbc5222e2fc4be3f41ab42

09:47 - The CAP-GameStop Connection? 

13:18 - Sage customers are losing their minds – and could face SARS trouble – after outageshttps://www.businessinsider.co.za/on-sars-deadline-day-sage-systems-go-down-again-and-clients-are-going-crazy-2021-1

14:17 -  A South African CAP Listener  weighs in on the Sage Debacle. Thank you! 

17:55 - We've got eMAIL - on PPP guilt, and Quicken! Thank you, Anonymous Listener!

20:44 - Melio raises $110M on a $1.3B valuation to bring B2B payments for SMBs into the 21st century

https://techcrunch.com/2021/01/25/melio-raises-110m-on-a-1-3b-valuation-to-bring-b2b-payments-for-smbs-into-the-21st-century/

21:01 - Melio hits $1.3bn valuation

https://www.finextra.com/newsarticle/37337/melio-hits-13bn-valuation

22:27 - Expensify adds Enhanced Invoicing And Bill Pay to its Preaccounting Platform https://www.intuitiveaccountant.com/vendor-news/expensify-adds-enhanced-invoicing-and-bill-pay-to-its-preacc/

Expensify Rounds Out Its Preaccounting Platform With Enhanced Invoicing And Bill Pay

https://www.businesswire.com/news/home/20210125005260/en/Expensify-Rounds-Out-Its-Preaccounting-Platform-With-Enhanced-Invoicing-And-Bill-Pay

27:05 - FLEETCOR Acquires Cloud Software Platform Provider of B2B Online Bill Paymenthttps://www.fleetcor.com/news/fleetcor-acquires-cloud-software-platform-provider-of-b2b-online-bill-payment/

Additional Reading on Roger: 

Roger Has Been Acquired by FLEETCORhttps://www.accountingweb.com/technology/accounting-software-news/roger-has-been-acquired-by-fleetcor

Roger Blog | Roger acquired by FLEETCOR, a leading global business payments companyhttps://www.roger.ai/post/roger-acquired-by-fleetcor

27:51 - Pilot Raises $60M To Help SMBs Modernize Finances

https://www.pymnts.com/news/b2b-payments/2021/pilot-raises-60-million-dollars-help-smbs-modernize-finances/

28:16 - Pilot Closes $60M Series C from Sequoia: What Comes Next

https://pilot.com/blog/pilot-closes-60m-series-c-from-sequoia-what-comes-next

32:24 - Check Launches With $35M To Streamline Payroll

https://www.pymnts.com/news/b2b-payments/2021/check-launches-with-35-million-streamline-payroll/

33:27 - Plaid Unveils Deposit Switch

https://www.pymnts.com/news/banking/2021/plaid-unveils-deposit-switch-to-digitize-account-funding/

34:47 - DailyPay Launches CYCLE To Disburse Payments

https://www.pymnts.com/news/b2b-payments/2021/dailypay-launches-cycle-disburse-off-cycle-payments/

38:55 PPP loan application within QuickBooks Capital now available

https://quickbooks.intuit.com/blog/news/ppp-loan-application-within-quickbooks-capital-now-available/

39:43 - What’s new in QuickBooks Online: January 2021

https://quickbooks.intuit.com/blog/whats-new/whats-new-in-quickbooks-online-january-2021/

41:51 - TaxJar goes to bat for customers in Tennessee

https://blog.taxjar.com/taxjar-goes-to-bat-for-customers-in-tennessee/

43:56 - TaxAct and TaxDome pair to create end-to-end tax managementhttps://www.accountingtoday.com/news/taxact-and-taxdome-pair-to-create-end-to-end-tax-management

44:53 - Tax filing season to start Feb. 12, IRS announces

https://www.journalofaccountancy.com/news/2021/jan/tax-return-filing-season-starts-feb-12-2021.html

45:08 - IRS chief: Agency is 'current' on mail as start of filing season approaches

https://thehill.com/policy/fin...

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Show Notes

01:10 - Sage cloud accounting offline for entire week as SMMEs wait to file returns

https://citizen.co.za/business/business-news/2424489/sage-cloud-accounting-offline-for-entire-week-as-smmes-wait-to-file-return

02:02 - Sage South Africa on Twitter: "📢We’re really sorry that our customers are still experiencing problems with Sage Business Cloud Accounting. We understand this is causing serious disruption to our customers’ business and we are working round the clock, with our partners, to restore the service." 

https://twitter.com/SageGroupZA/status/1352157566344814592

04:11 - WE'VE GOT VOICEMAIL! Thank you, Mary Going! 

06:29 - WFH In 2021? Get Ready For Those Remote Salary Adjustments

https://www.goingconcern.com/wfh-in-2021-get-ready-for-those-remote-salary-adjustments/?utm_source=rss&utm_medium=rss&utm_campaign=wfh-in-2021-get-ready-for-those-remote-salary-adjustments

10:57 - Biden’s Wall Street watchdogs signal new era of tough oversight

https://www.accountingtoday.com/articles/bidens-wall-street-watchdogs-signal-new-era-of-tough-oversight

12:02 - Pay Equity Startup Raises $17.1 Million in Round Led by Bessemer

https://www.theinformation.com/articles/pay-equity-startup-raises-17-1-million-in-round-led-by-bessemer

14:47 - LendingClub Gets OK to Acquire Radius Bancorp

https://www.pymnts.com/news/partnerships-acquisitions/2021/lendingclub-gets-ok-to-acquire-radius-bancorp/

15:46 - Rewind Closes $15 Million Series A to Meet Mounting Market Demand for Cloud Data Protection 

https://www.intuitiveaccountant.com/vendor-news/rewind-closes-15-million-series-a-to-meet-mounting-market-de/

17:25 - TripActions Raises $155 Million To Boost Travel 

https://www.pymnts.com/news/investment-tracker/2021/tripactions-raises-155-million-to-boost-travel-spend-management/

19:39 - The best laptop 2021: 15 best laptops money can buy in 2021

https://www.techradar.com/news/mobile-computing/laptops/best-laptops-1304361

22:42 - The 5 best SMS apps for small businesses in 2021

https://zapier.com/blog/best-sms-app

24:23 - Navigate from Hubdoc to Xero and streamline your work

https://www.xero.com/blog/2021/01/navigate-from-hubdoc-to-xero/

26:48 - 'Zoom fatigue' has hit 4 in 10 employees -- your best course of action

https://www.cfodailynews.com/articles/zoom-fatigue/

29:24 - Need to Take a Dump but Stuck in a Zoom Call? There’s an App for That

https://www.goingconcern.com/need-to-take-a-dump-but-stuck-in-a-zoom-call-theres-an-app-for-that/?utm_source=rss&utm_medium=rss&utm_campaign=need-to-take-a-dump-but-stuck-in-a-zoom-call-theres-an-app-for-that

31:22 - Nearly a Third of Workers Say They’d Quit Before Returning to the Office When All This is Over

https://www.goingconcern.com/nearly-a-third-of-workers-say-theyd-quit-before-returning-to-the-office-when-all-this-is-over/?utm_source=rss&utm_medium=rss&utm_campaign=nearly-a-third-of-workers-say-theyd-quit-before-returning-to-the-office-when-all-this-is-over

31:46 - OfficeSpace Survey: 71 Percent of Employed Americans Eager to Return to the Office 

https://rebusinessonline.com/officespace-survey-71-percent-of-employed-americans-eager-to-return-to-the-office/

33:49 - A Cultural Tax History Of The Three-Martini Lunch https://www.forbes.com/sites/taxnotes/2021/01/21/a-cultural-tax-history-of-the-three-martini-lunch/

36:34 - Remote Work Is More Productive

https://cpatrendlines.com/2021/01/07/remote-work-is-more-productive/

39:46 - Welcome to the Fake Office Commute (Turns Out People Miss the Routine)

https://www.wsj.com/articles/welcome-to-the-fake-office-commute-turns-out-people-miss-the-routine-11610383617

41:24 - WFH In 2021? Get Ready For Those Remote Salary Adjustments

https://www.goingconcern.com/wfh-in-2021-get-ready-for-those-remote-salary-adjustments/?utm_source=rss&utm_medium=rss&utm_campaign=wfh-in-2021-get-ready-for-those-remote-salary-adjustments

43:00 - No Meetings, No Deadlines, No Full-Time Employees

https://sahillavingia.com/work

Get in Touch

Thanks 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

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Show Notes

00:56 - Blake's been forgiven by the PPP! 

05:50 - ‘It Was a Joke’: Some Small Businesses Got $1 Relief Loans

https://www.nytimes.com/2021/01/11/business/small-businesses-ppp-covid.html?referringSource=articleShare

09:42 - Bitcoin and SPACs Give 2021 a Flavor of Dot-Com Bubble

https://www.bloomberg.com/opinion/articles/2021-01-04/bitcoin-and-spacs-give-2021-a-flavor-of-dot-com-bubble

14:24 - Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block https://www.justice.gov/opa/pr/visa-and-plaid-abandon-merger-after-antitrust-division-s-suit-block

17:38 - Visa, Fintech Startup Plaid Drop Merger Plans After DOJ Antitrust Lawsuit https://www.forbes.com/sites/rachelsandler/2021/01/12/visa-drops-plans-to-acquire-fintech-startup-plaid-after-doj-antitrust-lawsuit

Related stories: 

Plaid CEO touts new ‘clarity’ after failed Visa acquisition 

https://techcrunch.com/2021/01/14/plaid-ceo-touts-new-clarity-after-failed-visa-acquisition/

Visa Opts Out Of Plaid Acquisition, Cites Lawsuit 

https://www.pymnts.com/news/partnerships-acquisitions/2021/visa-opts-out-plaid-acquisition-cites-complex-litigation/

18:44 - Stripe Stops Processing Payments for Trump Campaign Website

https://www.wsj.com/articles/stripe-stops-processing-payments-for-trump-campaign-website-11610319116

19:54 - Shopify Takes Trump Organization and Campaign Stores Offline

https://www.wsj.com/articles/shopify-takes-trumpstore-com-offline-in-response-to-riot-11610035673

21:10 - Who is Jack Ma? Where the Alibaba co-founder came from and disappeared https://nypost.com/article/who-is-jack-ma-where-alibaba-founder-cam-from-disappeared-to/

23:16 - Individual CPAs can apply for .cpa domains now

https://www.accountingtoday.com/news/individual-cpas-can-apply-for-cpa-domains-now

31:57 - Cloud-based farm accounting solution launched by ag tech start-up Traction
https://www.agriculture.com/news/technology/cloud-based-farm-accounting-solution-launched-by-ag-tech-startup-traction

32:57 - TrustBooks Releases Full Accounting Software Niched Specifically for Legal https://www.prweb.com/releases/trustbooks_releases_full_accounting_software_niched_specifically_for_legal/prweb17651217.htm

35:25 - Commerce7 and Ekos Integrate to Help Wineries Sync D2C Sales, Inventory and Accounting 

https://wineindustryadvisor.com/2021/01/13/commerce7-ekos-integrate-help-wineries

36:32 - Lightspeed Rolls Out Vendor Network For SMBs 

https://www.pymnts.com/news/b2b-payments/2021/lightspeed-rolls-out-vendor-network-for-smbs/

40:26 - Here’s Intuit’s plan to get Mint back on track after years of neglect

https://www.fastcompany.com/90591464/intuit-mint-new-version-and-alternatives

47:45 - Listener questions from M. Ives. Thank you! 

50:55 - Melody Seefeldt talks credit hours for the CPA. 

51:56 - Color us corrected (via Twitter)! 

53:10 - Talk to us! Tell us how your tax season goes! Share your PPP adventures! We really want to know! 

Get in Touch

Thanks 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) 695-1040

Need Accounting Conference Info? 

Check out our new website - accountingconferences.com

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Show Notes

3:28 - Accounting firm heads urge Congress to accept Electoral College results

https://www.accountingtoday.com/news/accounting-firm-heads-business-leaders-urge-congress-to-accept-electoral-college-results

3:37 - Firm leaders weigh in on storming of Capitol building

https://www.accountingtoday.com/news/firm-leaders-weigh-in-on-storming-of-capitol-building

7:35 - Trump Loses Social Media Megaphone as Facebook, Twitch Act

https://www.bloomberg.com/news/articles/2021-01-07/facebook-instagram-restrictions-on-trump-accounts-extended

10:38 - Why it's imperative to own your own marketing channels

13:41 - Employers cut 140K jobs in December, but added 2.3K in accounting

https://www.accountingtoday.com/news/employers-cut-140k-jobs-in-december-but-added-2-3k-in-accounting

15:05 - A Week Into Full Brexit, the Pain for U.K. Businesses Has Arrived

https://www.nytimes.com/2021/01/09/business/Brexit-British-economy.html

17:00 - With Congress approving up to $284 billion to loans, small businesses can apply for Paycheck Protection starting Jan. 11

https://www.cnbc.com/2021/01/08/small-businesses-can-apply-for-ppp-loans-starting-jan-11.html

Date set for limited PPP reopening

https://www.journalofaccountancy.com/news/2021/jan/ppp-application-reopening-date.html

17:40 - TurboTax and H&R Block say they have fixed the issues that prevented $600 stimulus checks from being paid out

https://www.businessinsider.com/turbotax-hr-block-fixed-issues-delaying-stimulus-payments-2021-1

18:32 - Treasury issues millions of second Economic Impact Payments by debit card | Internal Revenue Service

https://www.irs.gov/newsroom/treasury-issues-millions-of-second-economic-impact-payments-by-debit-card

20:51- Banks Withhold Stimulus To Cover Overdraft Feeshttps://www.pymnts.com/bank-regulation/2021/banks-may-withhold-stimulus-checks-to-cover-overdraft-fees/

21:25 - Stimulus law may put disputes over PPP agent fees to rest for banks

https://www.americanbanker.com/news/stimulus-law-may-put-disputes-over-ppp-agent-fees-to-rest-for-banks

24:15 - Ted Callahan announced as new accountant business leader for Intuit’s Small Business Self-Employed Group - Firm of the Future https://www.firmofthefuture.com/content/ted-callahan-announced-as-new-accountant-business-leader-for-intuits-small-business-self-employed-group/

25:52 - Pennylane raises $18.4 million for its accounting service https://techcrunch.com/2021/01/07/pennylane-raises-18-4-million-for-its-accounting-service/

30:21 - Avalara Unveils Cloud Sales Tax Returns Solution for Accounting Firms of All Sizes https://www.businesswire.com/news/home/20210107005090/en/Avalara-Unveils-Cloud-Sales-Tax-Returns-Solution-for-Accounting-Firms-of-All-Sizes

31:41 - Deloitte deal makes Tax Analysts’ law library publichttps://www.accountingtoday.com/news/deloitte-deal-makes-tax-analysts-law-library-public

33:05 - Go Forth and Azlohttps://www.azlo.com/blog/go-forth-and-azlo

39:00 - IRS overlooks billions in potential taxes from nonfilers

https://www.accountingtoday.com/news/irs-overlooks-billions-in-potential-taxes-from-nonfilers-and-underreporters

42:36 - BKD premieres film noir tax parody

https://www.accountingtoday.com/news/bkd-helms-tax-film-noir-short

45:18 - EY and Microsoft expand Xbox blockchain smart contract platform

https://www.accountingtoday.com/news/ey-and-microsoft-expand-xbox-blockchain-smart-contract-platform

46:33 - U.S. Accounting Standard-Setter Looks to Tackle Controversial Topics in 2021 https://www.wsj.com/articles/u-s-accounting-standard-setter-looks-to-tackle-controversial-topics-in-2021-11609434034

47:23 - Cost Versus Value: Is GAAP Obsolete? 

https://www.accountingtoday.com/opinion/cost-versus-value-is-gaap-obsolete

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Show Notes

02:12 - Do David and Blake have any 2021 resolutions? 

04:38 - Apparently NASBA Offices Narrowly Avoided the Nashville Bombing
https://www.goingconcern.com/apparently-nasba-offices-narrowly-avoided-the-nashville-bombing/

05:54 - IRS taxpayer data wasn’t exposed in SolarWinds hack, says TIGTA
https://www.accountingtoday.com/news/irs-taxpayer-data-wasnt-exposed-in-solarwinds-hack-says-tigta

08:07 - Sovos buys LTax
https://www.accountingtoday.com/news/sovos-buys-ltax-provider-of-payroll-and-unemployment-tax-automation

08:51 - Tax Software Firm Avalara Acquires INPOSIA
https://www.pymnts.com/news/partnerships-acquisitions/2020/tax-compliance-software-firm-avalara-acquires-inposia/ 

09:46 - RSM acquires MondayCall

https://www.accountingtoday.com/news/rsm-acquires-salesforce-consultancy-mondaycall

12:10 - FedEx Wraps Up ShopRunner Purchase
https://www.pymnts.com/news/partnerships-acquisitions/2020/fedex-wraps-up-shoprunner-purchase/

17:00 - Justice Dept. charges Texas billionaire with biggest tax fraud case in US history

https://thehill.com/policy/finance/521253-justice-dept-charges-texas-billionaire-with-biggest-tax-fraud-case-in-us

20:48 - Some businesses thrived, many lagged during pandemic in 2020
https://dayton247now.com/news/coronavirus/some-businesses-thrived-many-lagged-during-pandemic-in-2020

23:23 - Six Stories From a Downtown District Show Pandemic’s Uneven Toll
https://www.wsj.com/articles/some-asheville-businesses-thrived-with-government-backed-ppp-loans-others-struggled-11609426801

29:21 - We've got VOICEMAIL! Thank you, Kelly! 

37:06 - 2019 Small Business Finance and HR Report

https://onpay.com/small-business-hr-software/2019-small-business-finance-hr

40:39 - SURVEY: Tech Spending Slows

https://cpatrendlines.com/2020/12/12/survey-tech-spending-slows/

46:11 - We're on the edge!  A review from Ilibanili on Apple Podcasts. Thank you, Ili!  

Get in Touch

Thanks 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) 695-1040

Need Accounting Conference Info? 

Check out our new website - accountingconferences.com

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Show Notes

4:05 - 2019 Predictions! Also, Isaac Asimov predicted the computer automation revolution, Mindbody to be sold, senators prod regulators on FinTech, and what’s new in QBO
https://www.cloudaccountingpodcast.com/episodes/2019-predictions-also-isaac-asimov-predicted-the-computer-automation-revolution-mindbody-to-be-sold-senators-prod-regulators-on-fintech-and-what-s-new-in-qbo 

5:23 - Bookkeepers are embracing the role of trusted advisor

https://www.accountingtoday.com/opinion/bookkeepers-embrace-role-of-trusted-advisor 

7:07 - Elevate Messaging & Safety with Zoom Phone SMS, Reporting & E911 Enhancements

https://blog.zoom.us/elevate-messaging-safety-with-zoom-phone/

8:13 - The best and worst 2020 predictions (and some of our own) https://www.cloudaccountingpodcast.com/154

10:53 - Zoom may launch an email service and calendar app to compete with Google and Microsofthttps://www.theverge.com/2020/12/23/22197057/zoom-email-service-calendar-app-microsoft-google-competition

13:27 - Square has discussed acquiring Jay-Z’s Tidal servicehttps://bankinnovation.net/allposts/products/payments/square-has-discussed-acquiring-jay-zs-tidal-service/

17:23 - Introducing Expensify.cash, open-source financial group chat, built with React Nativehttps://community.expensify.com/discussion/7862/introducing-expensify-cash-open-source-financial-group-chat-built-with-react-native

Expensify.cashhttps://expensify.cash/#/signin 

27:45 - SEC Sues Ripple Over Sales of XRP Digital Assets

http://feedproxy.google.com/~r/cfo/daily_briefing/~3/vZdi6MdgeUI/ 

30:45 - Google Delays Return to Office and Eyes ‘Flexible Work Week’

https://www.nytimes.com/2020/12/14/technology/google-delays-return-to-office-and-eyes-flexible-work-week.html?referringSource=articleShare

32:41 - 81% of firms expect more remote work post-pandemic: Survey

https://www.accountingtoday.com/news/81-percent-of-firms-expect-more-remote-work-post-pandemic-survey

34:58 - Can employers make COVID-19 vaccination mandatory?https://apnews.com/article/can-employers-covid-19-vaccine-mandatory-ba22c99f01f24ea3be7631ff751f0d82

36:40 - States battle over billions in work-from-home taxes

https://www.accountingtoday.com/articles/states-battle-over-billions-in-work-from-home-taxes

41:37 - What Running a Virtual CPA Firm Really Costs

https://cpatrendlines.com/2020/12/12/what-running-a-virtual-cpa-firm-really-costs/

44:15 - Don’t Worry Everyone, Deloitte Says Everything Is Fine After SolarWinds Hack

https://www.goingconcern.com/deloitte-solarwinds-hack/?utm_source=rss&utm_medium=rss&utm_campaign=deloitte-solarwinds-hack

45:25 - How To Declutter Your Life in 15 Steps

 http://apartmenttherapy.com/declutter-your-life-268462

49:42 - The moment you've all been waiting for - Blake and David divulge their 2021 predictions! 

50:10 - David says expect the unexpected in the accounting space! 

51:02 - Blake predicts that predictions (of the cashflow kind) will be the thing in 2021. 

54:05 - Maybe predicting the obvious - PPP will just keep going, and going, and going ... 

55:28 - Two reviews to round out 2020! Thank you, Mrs. ShannyBanany, and some CPA in a small bookkeeping firm, aka 10594816! 

Get in Touch

Thanks 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) 695-1040

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Check out our new website - accountingconferences.com

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TeePublic Store: http://cloudacctpod.link/merch

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Show Notes

2:32 - Consolidated Appropriations Act of 2021 Enhances the Employee Retention Credit
https://www.aprio.com/whatsnext/employee-retention-credit-is-now-eligible-to-ppp-loan-recipients/ 

4:56 - How does this impact the PPP loan forgiveness application deadline? 

7:22 - [Updated] Top 10 PPP Changes from the Consolidated Appropriations Act of 2021
https://www.aprio.com/whatsnext/new-stimulus-package-finally-on-the-horizon/ 

7:43 - Simplified forgiveness application - REALLY Simplified! 

11:20 - Employee Retention Credit - the good, the bad, and the utterly confusing

21:12 - Provider Relief Funds - CARES Act

 
Don't miss Justin Elanjian's webinar on December 29 - Unpacking PPP Updates from the Latest Stimulus Bill
https://aprio.zoom.us/webinar/register/5316085644641/WN_dTqlpoVKR5eZcK2XL-Ofug

Get in Touch

Thanks 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) 695-1040

Need Accounting Conference Info? 

Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities

TeePublic Store: http://cloudacctpod.link/merch

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
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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 - [email protected]