Demand for PPP Cools Due to Worries About Loan Forgiveness

SponsorsSmartBooks Genie: https://cloudaccountingpodcast.promo/genieOnPay: https://cloudaccountingpodcast.promo/onpayBQE Core: http://cloudaccountingpodcast.promo/coreShow Notes06:03 - White House considers measures to boost economy without Congress - NBC News06:30 - Intuit Accountants (@IntuitAccts) Survey - Twitter07:59 - QuickBooks Town Hall with Senators Rubio and Cardin: Full transcript, video - Intuit QuickBooks08:38 - Demand for Small-Business Loans Cools - Wall Street Journal09:34 - Footwear Company Allbirds To Return PPP Loan - PYMNTS.com10:26 - Two Men Charged In First US Case Of PPP Fraud - PYMNTS.com11:02 - SBA issues PPP guidance on laid-off employees who refuse to be rehired - Journal of Accountancy 11:05 - Accountant BDO looks at virus testing staff every 2 weeks - Financial Times11:29 - New Guidance: SBA Clarifies That Foreign Employees Must Be Counted for PPP - National Law Review11:46 - Deadline To Return PPP Loans Is May 14 - PYMNTS.com11:59 - Last week's discussion about Monty Bennett, the hotelier who checked out some serious PPP cash12:58 - SBA Inspector General Report - Small Business Administration14:12 - AICPA Town Hall Update - CARES Act and Paycheck Protection Program (PPP) May 7 - AICPA TV15:25 - SBA halts nearly all new applications for its disaster loan program and caps loan amounts - The Washington Post19:42 - Fintechs hope PPP performance will lead to expanded role with SBA - American Banker24:44 - The accounting profession and the coronavirus: The crisis in numbers - Accounting Today35:14 - AICPA delays effective dates of ethics rules due to coronavirus - Accounting Today35:51 - AICPA supports bill that would make PPP-funded expenses deductible - Journal of Accountancy 36:58 - COVID-19 roundup: Shopify becomes Canada’s most valuable public company - The Logic 38:07 - Rootworks Now a Part of Right Networks Due to Purchase - AccountingWEB40:56 - Sage announces new updates to small business cloud accounting solution - Digi-Key Electronics41:58 - Transforming Sage Intacct Advantage 2020 - Sage IntacctGet 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/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsClientHub: https://clienthub.appJetPack Workflow: http://jetpackworkflow.com/freetemplatesGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd  TranscriptAre you struggling to free up time for client advisory work? Is scope creep hurting your fixed-pricing model? Are your quality-control processes lacking? Is your staff stuck in a never-ending monthly close process? Ever wish you had a genie that could help you out? Stay tuned to hear more from our sponsor, SmartBooks Genie, later in the episode....