Cloud Accounting Podcast

We're celebrating the passing of the final official tax deadline of 2020 with a huge slew of news! We'll dive into what E&Y has in common with a string of imploding firms. Then we'll Zoom into a wide array of updates and features that will take the yawn factor out of videoconferencing, and enhance employee safety, and enable hybrid workforces. If you've been itching to travel, a new study reveals that it's n...

We've got news! A lot of news! In this episode, we cover the latest on PPP forgiveness, the IRS's continuing lack of resources, and how they make it easier to audit the poor, while those with lots of cash, like the NRA's Wayne LaPierre, and John McAfee, software pioneer, are suspected of, and indicted for tax fraud. In the midst of, and beyond COVID, there's more news around remote work, and productivity, including ...

Birthdays abound! Both David and Microsoft Excel celebrated special days this week! We'll take a brief look at Excel's long run and talk about their future. We spot some almost silver linings in the COVID clouds, including why your website is crucial to gaining new business in this "new normal" landscape, and how EisnerAmper is leading the "return to work" charge with its own homegrown social-distancing app...

Accountants favor Trump in election by large margin; New Job Cuts at CPA Firms; Is It Insane to Start a Business During Coronavirus? Millions of Americans Don’t Think So; Not One PPP Loan Has Been Forgiven; Trump's tax returns show chronic losses and years of income tax avoidance; FreshBooks Buys Mexico's Facturama; Intuit launches new QuickBooks Commerce platform; 2 Shopify Employees Took Consumer Data; Avalara debuts suit...

So. Much. News. TikTok Bid Highlights Oracle’s Public Embrace of Trump; Senate, Supreme Court opt out of Trump payroll tax deferral; House Republicans push to reopen Paycheck Protection Program amid coronavirus relief gridlock; E-filing problems plague some Sept. 15 tax returns; Penalty relief may be available to those who miss Sept. 15 deadline due to COVID-19; IRS set to begin rolling out new case management system; US Offices On...

So. Much. News! Grab a beverage, and/or snacks! Major companies reject Trump’s payroll tax deferral; SaaS Firm CEO Resigns; Layoffs, Probe Follow; DOJ: 57 Charged With Alleged PPP Fraud; Melio Raises $144M to keep Small Businesses in Business by Simplifying their B2B Payments; Sage and Revolut partner to hand back three weeks of admin time to small business owners; The FTC Is Investigating Intuit Over TurboTax Practices; Deel Lan...

There's a lot to talk about today, including news on how CPA domain applications are now open, and some discussion on the Federal Reserve's new FedNow service. We'll also touch on Arizona being the first state to okay non-lawyer ownership of law firms. In App News, Karbon releases Time & Budgets; a spreadsheet error led to Edinburgh hospital opening delay, and some news of Zoom, and Xero. Then, the piece de resistan...

While we wait for AI to take over the world, there's a lot to talk about in the now, like the fact that the IRS guidelines put employers on the hook for Trump's payroll tax break, and how Intuit's revenue is up 13 percent. Beyond that, Xero is entering the lending arena with an $80m Waddle acquisition, and they've appointed a director to help grow the U.S. Hispanic market. Meanwhile, Amazon gets hit with a $19M invo...

We've got a lot to talk about in this episode including how clients disappointed with tax refunds, expect more from accountants, more app news with QuickBooks Online Advanced now supporting fiscal weeks for restaurants; NetSuite adding more remote-friendly accounting features, and Xero and TriNet providing full-service HR solutions to U.S. small businesses. In other news, a reported 57% of parents feel closer to coworkers now, ...

Lots of news to cover in this episode, including how before BigCommerce’s 200% IPO pop, Intuit offered $1.5 billion for the software company, and why AmEx is in advanced talks to buy SoftBank-backed Kabbage. In addition, employers are wary they could be on the hook for payroll taxes due to Trump's executive order, and accountants want clarity, and Trump advisors urge delisting of U.S.-listed Chinese companies that fail to meet ...

On today's episode, we're talking about how cloud spending has reached record highs amidst the economic fallout of COVID. We'll cover industry news, such as Intuit's acquisition of TradeGecko for $80M, how Proper raised $4.8 million to become the 'Uber of property accounting,' and why Kabbage is in the market for a buyer, and how Rippling scored $145B in their Series B Round. In other news, Xero is going ‘On...

In this episode, we've got more PPP news, including the debate over accounting firms paying back PPP loans, the elusive and nonexistent deal on federal unemployment benefits, and how one Florida Man buys a Lambo with fraudulent PPP money to ease his pandemic burdens. In other news, we've got updates from Xero, FreshBooks, YayPay, Gusto, and big news from Intuit about their latest product, QuickBooks Cash. We'll also tal...

There's a lot to cover in this episode. We'll talk about McConnell’s stimulus waiting game becoming a race against clock, and just what Democrats and Republicans want in the next coronavirus relief package, and what Arizona's tenuous coronavirus plateau could teach us. We'll also focus on the demise of ScaleFactor, from the employees' perspective, talk about all the rescues ruining capitalism, and Modern Monetar...

Faulty data collection raises questions about Trump’s claims on PPP program; New York City didn't get its fair share of PPP loans, says comptroller; Accountants predict 2020 will be worst year for economy since World War II; A surprising number of S&P 500 companies pull guidance; Under stress, accountants turn to technology to get through the pandemic; Firms commit to remote work; U.K. orders Big Four to separate audit prac...

Much of the Paycheck Protection Program loan data is now public — Let the PPP shaming begin! Big banks pledge to donate PPP profits; Trump's tax returns may eventually become public, but not before the election; AICPA urges IRS to waive failure to file and late fee penalties; big jumps seen in tax prep fees; Turbo Tax Sucks Ass (according to Hasan Minhaj); What's new with Xero; Venmo releases business profiles feature; and ...

In today's episode, we're talking about how the IRS refuses to postpone the July 15 deadline, and why the AICPA won't argue the point, despite a survey of members finding that a plurality want another delay. In other news, Wirecard's COO is on the lam while the spotlight falls on auditor Ernst & Young; tax audits fall dramatically as coronavirus cripples the IRS, and millionaires face a near-zero chance of an au...

We're covering lots of ground in this episode, with news about how ScaleFactor, the "accounting firm with software engineers" that raised $100 million from A-list venture capital firms, is abruptly shutting down, and how Wirecard's future in doubt after revealing missing $2.1B; Wirecard's CEO, Markus Braun, is arrested, and why EY failed to ask Wirecard for bank statements for three years. We'll also examine...

Today, we're talking about how Wave releases small business banking features bundled with their accounting software, but it turns out QuickBooks already quietly launched a similar feature. Then, we'll dive into how some businesses hit by coronavirus are now being hit by holdbacks from their payment processors; and though CPA firms and societies are pledging to change following Black Lives Matter protests, will things actual...