EPISODE · Apr 6, 2020 · 42 MIN
Coronavirus is Faster Than the Stimulus
from The Accounting Podcast · host Blake Oliver & David Leary
SponsorsBREX: https://cloudaccountingpodcast.promo/brexClockShark: https://cloudaccountingpodcast.promo/clocksharkBQE Core: http://cloudaccountingpodcast.promo/coreShow Notes03:05 - Navigating the SBA Paycheck Protection Program https://www.cloudaccountingpodcast.com/16804:20 - SBA Paycheck Protection Program https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-pppSBA issues details for Paycheck Protection Program loans https://www.journalofaccountancy.com/news/2020/apr/paycheck-protection-program-ppp-loans-sba-details-coronavirus.html - Journal of Accountancy06:28 - Fun facts about PPP loan stats from Jovita Carranza, 26th Administrator of the SBA https://twitter.com/SBAJovita 11:01 - Some coronavirus stimulus checks may not arrive until September https://www.accountingtoday.com/articles/some-coronavirus-stimulus-checks-may-not-arrive-until-september Accounting Today17:22 - Customers Fume as Wells Fargo, Bank of America Struggle with Stimulus Loan Rollout https://www.newsweek.com/customers-fume-wells-fargo-bank-america-struggle-stimulus-loan-rollout-1496097 Newsweek17:57 - Marco Rubio scolds Bank of America, via tweet https://twitter.com/marcorubio/status/1246114718990979075 21:25 - SoftBank-Backed Lender Kabbage Cuts Off Businesses as Cash Needs Mount https://www.bloomberg.com/news/articles/2020-04-01/softbank-backed-lender-cuts-off-businesses-as-cash-needs-mount - Bloomberg Technology23:44 - WeWork Asks Landlords to Help It Cut Its Rent Bill by Up to 30% https://www.bloomberg.com/news/articles/2020-04-01/wework-asks-landlords-to-help-it-cut-its-rent-bill-by-up-to-30 - Bloomberg Technology 25:30 - Companies Form #paytoday Coalition Encouraging Enterprises and Government Agencies to Pay Their Small Business Suppliers Today https://www.globenewswire.com/news-release/2020/03/31/2009086/0/en/Companies-Form-paytoday-Coalition-Encouraging-Enterprises-And-Government-Agencies-To-Pay-Their-Small-Business-Suppliers-Today.html - GlobeNewswire#PayToday https://paytoday.club26:07 - Small Business Relief Initiative: QuickBooks and GoFundMe combine forces https://quickbooks.intuit.com/small-business/coronavirus/26:25 Intuit announced updated resources for U.S. firms and their clients https://intuit.me/2JLAJai - Intuit27:30 Going Concern's Layoff Watch '20 https://goingconcern.com/?s=Layoff+Watch+%E2%80%992028:21 BDO USA Is Cutting Everyone's Pay to Stave Off Layoffs https://goingconcern.com/bdo-cutting-pay-to-stave-off-layoffs/ - Going Concern29:25 Goldman Says Recovery May Be Fastest In History https://www.pymnts.com/coronavirus/2020/goldman-says-recovery-could-be-the-fastest-in-history/ - PYMNTS30:07 - Lime eyes layoffs as COVID-19 squeezes revenue https://www.bizjournals.com/sanfrancisco/news/2020/03/23/lime-eyes-layoffs-in-s-f-as-revenues-get-squeezed.html San Francisco Business Times31:34 - David almost got phished! 33:39 IRS issues warning about coronavirus-related scams https://proconnect.intuit.com/taxprocenter/tax-law-and-news/irs-issues-warning-about-coronavirus-related-scams/ - Tax Pro Center - Intuit 33:49 Hospitals VPNs Targeted by Ransomware as COVID19 Takes its Toll https://www.infosecurity-magazine.com:443/news/hospitals-vpns-ransomware-covid19/ - Infosecurity Magazine 34:41 - Idaho, Mississippi, and Virginia are the Holdouts on July 15 Tax Deadlines https://taxfoundation.org/idaho-mississippi-virginia-tax-deadline/ - Tax Foundation36:58 - AICPA Calls on Accounting Profession to Support Rollout of Small Business Relief Program https://finance.yahoo.com/news/aicpa-calls-accounting-profession-support-164500760.html - Yahoo! Finance40:40 - Feed our egos, and help feed people in need at the same time! https://www.podchaser.com/podcasts/cloud-accounting-podcast-588480Get 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) 695-1040.Reviews4GoodRight now, when you visit us on Podchaser, and interact, Podchaser is donating 25 cents per review - and 25 cents every time we respond to a review - to the Meals on Wheels America COVID-19 Response Fund. Pay us a visit on
Embed this episode
What this episode covers
There's nothing fast about the consumer, corporate, and small business protections that have been created to get us through the COVID-19 pandemic. We're covering a lot, including problems with the SBA Paycheck Protection Program (PPP); how the IRS can only print 5 million checks per week; and what makes Mnuchin's direct deposit website a fraud paradise. Then we'll touch on how fintech lenders are cutting credit with zero warning, WeWork's further troubles, accounting-industry layoffs, and how Lime screwed up laying off hundreds of employees. In addition, we'll check out what Intuit and other tech companies are doing to help small business, why some states have yet to get the COVID-19 memo when it comes to tax deadlines, and how David nearly got phished!
Ready to play
Coronavirus is Faster Than the Stimulus
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.