The Accounting Podcast

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Show Notes

03:35 – Reviews from Julie Sigety, CPA, Angela, and MarieP86! 

06:44 – String of Firms That Imploded Have Something in Common: Ernst & Young Audited Them
https://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 Workforces
https://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 Calls
https://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-3

31:25 – BofA adds three new APIs to CashPro treasury producthttps://www.finextra.com/pressarticle/84422/bofa-adds-three-new-apis-to-cashpro-treasury-product

33:46 – European fintech giant Revolut is close to applying for a bank charter in California, sources say
https://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.html

41:24 – Intuit QuickBooks achieves open banking milestone

https://www.accountantsdaily.com.au/technology/14942-intuit-quickbooks-achieves-open-banking-milestone

42:51 – QR codes added to IRS balance-due notices
https://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-fraud

55:01  – Voicemail!!  

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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Show Notes

07:15 – 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 less

https://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 Fraud
https://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 Poor
https://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 Payments
https://www.wsj.com/articles/irs-whittles-mail-backlog-aims-to-make-final-stimulus-payments-11602097587

23:20 – Robinhood Reports Potential Hacking Incident
https://www.pymnts.com/news/security-and-risk/2020/robinhood-reports-potential-hacking-incident/

29:12 – BoA Goes Micro With Consumer Loan Up To $500
https://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 Practices
https://gusto.com/company-news/introducing-gusto-benefits-for-all

32:20 – Expensify introduces free vendor bill-pay
https://www.accountingtoday.com/news/expensify-introduces-free-vendor-bill-pay

36:58 – Tipalti valued at $2B+ after raising $150M for its accounting automation platform
https://siliconangle.com/2020/10/06/tipalti-valued-2b-raising-150m-accounting-automation-platform/

38:20 – Avalara acquires Transaction Tax Resources for $377M
https://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 Workflow
https://blog.clienthub.app/frictionlessworkflow/

49:27 – This is Google's new plan to take on Microsoft Office - Latest News
https://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 Accounting
https://finance.yahoo.com/news/japan-startup-surges-300-demand-200000131.html

54:10 – Square stock gains after company purchases $50 million in bitcoin
https://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 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

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• OnPay - https://cloudaccountingpodcast.promo/onpay
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Show Notes

04:17 – 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 app
https://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 Cloud
https://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 Productivity
https://www.prnewswire.com/news-releases/zapier-launches-new-microsoft-teams-integration-to-bolster-productivity-301138171.html

18:53 – Canopy Enhances PM and Tax Resolution Features
https://www.accountingweb.com/technology/accounting-software-news/canopy-releases-feature-updates-for-its-practice-management- and

20:35 – Expert’s choice: Top accounting apps
https://www.accountingtoday.com/list/experts-choice-top-accounting-apps

26:48 – Apps Will Get You Paid Early, for a Price
https://www.nytimes.com/2020/10/02/your-money/cash-advance-apps-paychecks.html

30:57 – Banks Push Back On Possible Banking Charters
https://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 entertainment
https://www.journalofaccountancy.com/news/2020/oct/irs-rules-business-meals-entertainment.html

35:49 – IRS adds marijuana industry page to website
https://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 anymore
https://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 rainmaker
https://www.accountingtoday.com/list/COVID-19-has-just-turned-your-website-into-your-rainmaker

42:09 – Accountants are now 'key workers', say UK firms
https://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 Loans
https://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 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

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The Accounting & Finance Show October 20-21 - https://cloudacctpod.link/AccountingShowUSA

Show Notes

05:23 - Reviews!

07:41 - No forgiveness: Small businesses still on hook for rescue loans
https://www.politico.com/news/2020/09/27/no-forgiveness-small-businesses-still-on-hook-for-rescue-loans-421940

Report: Not One PPP Loan Has Been Forgiven
https://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-forgiveness

09:08 - 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-11601092841

12:36 - New Job Cuts at CPA Firms
https://cpatrendlines.com/2020/09/21/covid-impact-32300-jobs-gone/

14:31 - Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html

Trump 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-report

17:42 - 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 margin
https://www.accountingtoday.com/list/accountants-favor-trump-in-election-by-large-margin

22:06 - 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 Up
https://www.bankinfosecurity.com/blackbaud-ransomware-breach-victims-lawsuits-pile-up-a-15053

28:03 - Shopify: 2 Employees Took Consumer Data
https://www.pymnts.com/news/security-and-risk/2020/shopify-2-employees-took-consumer-data-from-merchant-sites/

29:48 - Intuit launches new QuickBooks Commerce platform
https://www.zdnet.com/article/intuit-launches-new-quickbooks-commerce-platform/

32:10 - QuickBooks Recurring Transactions now available to third-party apps
https://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/4414314

34:34 - FreshBooks Buys Mexico's Facturama
https://www.pymnts.com/news/b2b-payments/2020/freshbooks-buys-mexico-based-digital-invoicing-firm-facturama/

35:30 - Tech News: OnPay debuts customizable reports, and more
https://www.accountingtoday.com/list/onpay-debuts-customizable-reports-and-more

36:57 - 8 things to know about the audit evidence standard
https://blog.aicpa.org/2020/08/8-things-to-know-about-the-audit-evidence-standard.html#sthash.8BCbEvgj.J65rwht5.dpbs

37:32 - Avalara debuts suite for alcohol industry
 https://www.accountingtoday.com/news/avalara-debuts-compliance-product-suite-for-alcoholic-beverage-industry

40:00 - 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 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

...

Sponsors

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Show Notes

• 03:40 – TikTok Bid Highlights Oracle’s Public Embrace of Trump– New York Times 
• 08:41 – The Oracle of National ID Cards – Wired
• 09:15 – Mnuchin Mum On Oracle, TikTok Deal  – PYMNTS.com 
• 13:07 – Senate, Supreme Court opt out of Trump payroll tax deferral– Accounting Today 
• 14:15 – House Republicans push to reopen Paycheck Protection Program amid coronavirus relief gridlock
• 15:53 – Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent – CNBC
• 17:20 – This tweak to the PPP could save small businesses $7 billion
• 18:55 – America’s Offices Sit Half-Empty Six Months Into the Covid-19 Pandemic – Wall Street Journal
  •         US Offices Only At 50 Pct Capacity In August – PYMNTS.com
• 20:31 – Survey Says: Fintech On The Rise During COVID – Crunchbase
• 21:44 – CCH Axcess e-filing goes down on tax deadline – Accounting Today 
  •         E-filing problems plague some Sept. 15 tax returns – Journal of Accountancy
• 24:56 – Penalty relief may be available to those who miss Sept. 15 deadline due to COVID-19 – Accounting Today 
• 26:05 – IRS set to begin rolling out new case management system – Accounting Today  
• 29:45 – Square launches payroll feature that could boost its banking business through the Cash App –CNBC
• 35:12 – Square Sees Hike In Cashless Transactions – PYMNTS.com
• 36:10 – What’s new in QuickBooks Online: September 2020 – QuickBooks
• 40:44 – QuickBooks Desktop 2021 updates respond to new COVID realities – Accounting Today 
• 43:00 – Xero revamps Early U.S. plans, debuts ‘Xero on Air’– Accounting Today 
• 44:10 – A refreshed Xero plan to support small businesses during COVID-19 – Xero Blog   
• 50:14 – TD Rolls Out Online Accounting In Bid For Small Biz Accounts – PYMNTS.com
• 52:53 – Chime is now worth $14.5 billion, surging past Robinhood as the most valuable U.S. consumer fintech –– CNBC  
• 54:47 – Klarna Valued At $10.65B After $650M Fundraise – PYMNTS.com 
• 56:03 – Wolters Kluwer Acquires XCM – CPA Practice Advisor   
• 57:30 – KKR to sell Epicor Software in $4.7 billion deal, 4 years after buying the company – MarketWatch
• 57:58 – Acumatica update focuses on COVID-19 challenges– Accounting Today 
• 59:02 – Cloud Startup Airtable Raises $185 Million At $2.5 Billion Valuation And Launches API For Outside Coders – Forbes  
• 1:01:02 – Bookkeeper360 Launches App That Integrates with Xero to Provide Real-Time Business Insights –Yahoo! Finance  
• 1:02:32 – Saasable - Recurring Revenue Simplified – Intuit QuickBooks

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

Join us at the Accounting a...

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Show Notes

• 05:46 – Melio Raises $144M to keep Small Businesses in Business by Simplifying their B2B Payments – Silicon Valley Daily  
  •          Melio Payments: Out of stealth with $144 million – Bessemer Venture Partners  
• 06:53 – Is Working Remotely the Future of Finance? – CFO
• 07:41 – Auditors Struggle to Access Data, Count Inventory During Remote Work – Wall Street Journal
• 07:47 – 8 things to know about the audit evidence standard – AICPA
• 09:17 – DOJ: 57 Charged With Alleged PPP Fraud – PYMNTS.com  
• 10:10 – More on Liar Loans – Wikipedia 
• 11:52 – Quickie lender Kabbage doled out billions in PPP loans. A number of borrowers raised red flags. – Miami Herald 
• 15:42 – SBA Loan Program Contractor and Rocket Loans Face Scrutiny – Wall Street Journal 
• 18:26 – The FTC Is Investigating Intuit Over TurboTax Practices – ProPublica
• 20:39 – IRS Wants to Break Privacy on Monero and Bitcoin’s Lightning Network – News Break
• 22:48 – SaaS Firm CEO Resigns; Layoffs, Probe Follow – PYMNTS.com 
  •           CEO of cyber fraud startup NS8 arrested for defrauding investors in $123m scheme –ZDNet
• 25:44 – Major companies reject Trump’s payroll tax deferral – Accounting Today
• 28:09 – Employers added 1.4M jobs in August, but subtracted 1.6K in accounting – Accounting Today 
• 29:16 – Millions of U.S. jobs to be lost for years, IRS projections show – Accounting Today
• 31:50 – Sage and Revolut partner to hand back three weeks of admin time to small business owners – Sage UK 
• 33:20 – Deel Lands $30M For Workforce Payroll – PYMNTS.com
• 35:50 – How Do You Know a Human Wrote This? – New York Times
  •         OpenAI’s new language generator GPT-3 is shockingly good—and completely mindless – MIT Technology Review
• 36:21 – GPT-3 bot that lets people with no accounting knowledge generate financial statements – Twitter 
• 41:13 – The majority of workers use automation software at work—here's why – Zapier 
• 48:12 – Time for REVIEWS!!! 

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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Transcript

ADP has your back with ADP Marketplace, a digital HR storefront. Be a more trusted advisor to your clients by recommending apps to help streamline HR processes and free up time to focus on people. Stay tuned to hear more from our sponsor, ADP Marketplace, later in the episode.

David Leary: [00:00:20] It's basically, President Trump's gonna get his next paycheck because he works for the federal government. There won't be Social Security ta...

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Show Notes

• 04:46 – Turns out, the people who work at Facebook are fighting just as much as the rest of us – Marketplace Tech
• 11:01 – We've got ... VOICEMAIL! 
• 15:26 – A new internet domain for the CPA profession: .cpa – Journal of Accountancy
  •         AICPA opens up applications for .cpa domains – Accounting Today 
• 20:00 – Arizona First State to OK Nonlawyer Ownership of Law Firms (2) – Bloomberg Law
• 23:18 – Time & Budgets – Karbon
  •         Karbon releases Time & Budgets – Accounting Today 
  •         App Aware: Karbon Updates Work Management Software – Intuitive Accountant
• 25:23 – Latest product news – September 2020 – Xero Blog
• 26:23 – Drury family sells $204m Xero shares, PushPay boss Bruce Gordon offloads on way out the door – New Zealand Herald
  •         Second Xero block flies, this time via Jarden – Financial Review
• 28:41 – Zoom Revenue Soars on Remote Work Boom – CFO.com
• 30:52 – Zoom (ZM) Chief Accounting Officer to Resign – StreetInsider.com
• 31:51 – Plaid Unveils New Instant Account Update Feature | PYMNTS 
• 32:58 – How your firm is missing a $682,000 opportunity – Accounting Today 
• 38:03 for Summary why the pyramid scheme 
• 41:26 – Spreadsheet error led to Edinburgh hospital opening delay – BBC News
• 43:13 – FedNow Aimed At Transforming The US Payment System Approved By The Board Of Governors Of The Federal Reserve – Forbes
  •         FedNow: The Federal Reserve’s Planned Instant Payments Service – Harvard Law School Forum on Corporate Governance 
  •         Fed Announces "FedNow" Real-Time Payments Service – White & Case LLP
•  44:27 – Fed to have payments service ready 'as soon as practicably possible – American Banker
• 44:56 –  Coronavirus prompts renewed calls for postal banking, faster payments – American Banker
  •          Roundtable: Public Money - A. Klein, How to Fix the Covid Stimulus Payment Problem: Accounts, Information, and Infrastructure – Just Money  
• 46:18 – Why Kamala Harris matters to fintech in the 2020 election – PaymentsSource
• 50:14 – One more voicemail! 

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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Show Notes

• 03:29 – IRS says companies are responsible for deferred payroll taxes – Accounting Today
  •         IRS guidelines put employers on the hook for Trump's payroll tax break – CNBC 
• 05:33 – White House dissatisfaction slows IRS payroll tax guidance – Accounting Today
• 08:18 – Postal Service’s $522M in Overtime Costs Questioned – CFO 
• 10:13 – Crisis At The Post Office – NPR Planet Money 
  •         What A Piece Of Work Is The Post Office – NPR
  •         The United States Postal Service – Civics 101: A Podcast 
• 12:42 – Fed Approves Shift on Inflation Goal, Ushering In Longer Era of Low Rates – WSJ
• 14:35 – Intuit Full Year Revenue Up 13 Percent – Intuit 
• 16:18 – Intuit 13% annual growth driven by strong TurboTax performance – Accounting Today
• 19:13 – Intuit rebounds from challenging tax season with strong Q4 results | ZDNet 
  •        Intuit Corp (INTU) Q4 2020 Earnings Call Transcript @themotleyfool #stocks $INTU – Motley Fool 
• 20:09 – What’s new in QuickBooks Online: August 2020– Intuit QuickBooks
• 25:59  – Xero appoints director to lead growth in US Hispanic market – Insightful Accountant
• 27:01 – Episode 126 – #AccountexUSA: Getting to know the Latino market
• 27:46 – Xero flags move into lending with A$80m Waddle acquisition – NZME
  •         Xero acquires Waddle to help improve small business cash flow– Xero Blog
• 28:34 – New & Improved in FreshBooks: Mileage Tracking, Auto Apply Credits, and More – FreshBooks
• 29:18 – Google Chrome update brings better tab management, QR codes, plus performance improvements – TechCrunch
• 32:30 – Invoice Fraud Strikes Amazon In $19M Scam – PYMNTS.com 
• 35:07 – PwC pledges to review fraud detection after Wirecard scandal shakes industry – Financial Times
• 36:01 – CPA firms' hiring of accounting grads down 30% – Accounting Today  
  •         What Percentage of Straight White Businessmen Don’t Give a Crap About Diversity and Inclusion? – Going Concern               
•              Remove roadblocks to CAS practice growth – Journal of Accountancy
• 41:28 – Non-CPA “CPA” Firms? Really? – CPA Trendlines
• 42:18 – Does the US tax code favor automation?– Brookings
• 46:32 – Blake Oliver's Accounting Story – Yaeger CPA Review
• 47:56 – The Future of Business - How Finance is Becoming a Catalyst For Change (PDF)– NetSuite

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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Show Notes

• 04:33 – One of this week's voicemail messages – Shana
• 06:40 - Increase your restaurant profits by tracking fiscal weeks in QuickBooks Online Advanced – Intuit QuickBooks
• 08:16 - Xero and TriNet provide full-service HR solutions to U.S. small businesses – Xero Blog
• 09:00 - NetSuite Adds More Remote-Friendly Accounting Features – CPA Practice Advisor
• 10:20 – More about building your own bank feed – Episode 132  
• 11:07 - Intuit’s QuickBooks Accounting Software May Now Access Financial Data Provided by Bank of Montreal Customers via New API– Crowdfund Insider
• 11:45 - Amex acquires SoftBank-backed Kabbage after tough 2020 for the SMB lender– TechCrunch
• 13:13 - Trump Expresses Support for Oracle to Buy TikTok – WSJ
• 14:43 - Automate bank reconciliations with Excel Power Query – Financial Management
• 17:27 - The Oracle of National ID Cards – Wired 
• 18:10 - IRS To Begin Sending Out Interest Payments To Millions Of Taxpayers With 2019 Tax Refunds – Taxgirl
• 19:00 - IRS will stop sending overdue notices until it catches up on mail backlog – Accounting Today 
• 19:56 - The payroll tax holiday will kick off in two weeks. Your employer isn’t ready – CNBC
• 20:13 - NPRC Statement on Employee Social Security Tax Deferral - NPRC
• 21: 51 - Potbelly returned its first $10M PPP loan after public uproar — then it applied for another one– Fox Business
• 22:14 -  AICPA is urging congress to make a technical correction to fix the tax treatment of loan forgiveness on PPP loans – Accounting Today 
• 24:00 – Our second voicemail, from TCAP friend, Hector Garcia. 
• 30:35 - Clients disappointed with tax refunds, expect more from accountants (The Canopy Survey) – Accounting Today 
• 38:42 - Patrick Knight of Adobe: 57% of Parents Feel Closer to Coworkers Now Despite Working from Home – Small Business Trends 
• 42:20 - Where Opportunity Meets Value: Business Model Trends Report (Bill.com survey) – Bill.com 
• 56:25 – A review! 

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? 

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Transcript

Do you have some clients that need more than what your current cloud-accounting software can offer - more robust inventory tracking, more connections to online sales channels, more users, more permissions, more reports, more control, more customization, more flexibility? Stay tuned to hear more from our sponsor, AccountingSuite, later in the podcast.

Blake Oliver: [00:00:22] ... And you don't have to go get new clients. If you're serving small clients, you can increase your revenue 31% just by adding advisory services.

David Leary: [00:00:30] Especially if you already are doing this. If you already offer this service at your firm, and you're not selling this in a good way to an exi...

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Show Notes

• 10:01 - Mnuchin: Trump Is Serious About TikTok - PYMNTS
• 12:14 - Before BigCommerce's 200% IPO pop, Intuit offered $1.5 billion for the software company - CNBC
• 16:18 - Square Tests Small-Dollar, Short-Term Loans - PYMNTS.com
• 17:25 – Afterpay lets US consumers pay by instalments with their NFC mobile phone - NFCW
• 18:53 -  Gusto is launching a new product called Cash Reserve – Gusto
• 20:10 - FreeAgent launches CoPilot in the UK – FreeAgent
• 21:09 -  QuickBooks Live adding enhancements – Intuit QuickBooks Live
• 21:43 - FreshBooks Launches Mileage Tracking App for iOS – Small Business Trends 
• 22:12 - Routable Raises $12M For Digital B2B Services | PYMNTS
• 23:20 - Xero releases CoA templates in Xero HQ– Xero
• 25:21 - Revolut partners with Dublin accounting software firm Bullet - Siliconrepublic.com 
• 25:34 - FinTech Revolut's Losses Triple | PYMNTS 
• 26:21 - AmEx in advanced talks to buy SoftBank-backed Kabbage – Bank Innovation 
• 28: 24 - Trump’s executive order only guarantees $300 per week in enhanced unemployment for some workers – CNBC
• 28:44 – Trump Signs Payroll Tax Deferral Executive Order - National Law Review
• 29:41 - Employers Cast Wary Eye on Trump Payroll-Tax Deferral - WSJ
• 30:14 – AICPA Asks IRS and Treasury for Clarity on Trump's Payroll Tax Deferral – News Break
• 32:47 - Derailment of small business rescue clouds U.S. recovery - Politico 
• 34:19 - These business owners who took PPP money will have their loan forgiveness reduced - CNBC
• 35:24 - Trump advisers urge delisting of U.S.-listed Chinese firms that fail to meet audit standards - Reuters
• 36:55 - Wirecard, the fintech behind a $2 billion accounting scandal, leaves the DAX by August 21 after a new rule kicks in - Markets Insider 
• 37:23 - The former COO at Wirecard has fled to Russia – WSJ
• 38:05 - Wirecard’s Jan Marsalek added to Interpol’s most wanted list – Accounting Today   
• 38:49 - Former Wirecard Exec Reported Dead - PYMNTS
• 39:52 - Almost Half Of Wirecard’s Debt Stemmed From SoftBank’s $1B Investment - PYMNT
• 41:27 -  Ex-MyPayrollHR CEO Pleads Guilty to Fraud, But Can He Pay It Back? – Spectrum News 
  • Former MyPayrollHR CEO Michael Mann pleads guilty in company's collapse – Times Union 
• 42:22 - New York attorney general seeks to dissolve NRA in suit accusing gun rights group of wide-ranging fraud and self-dealing
• 51:52 - This 'Almost-Rockstar'-Developed 10-key Is the Best Thing to Happen to Accounting Since Microsoft Excel - Going Concern 

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 P...