EPISODE · May 6, 2021 · 46 MIN
IRS Is Getting $80 Billion To Audit The Rich
from The Accounting Podcast · host Blake Oliver & David Leary
SponsorsSage Advice: https://cloudaccountingpodcast.promo/sageadvice Client Hub: https://cloudaccountingpodcast.promo/clienthubRelay Financial: https://cloudaccountingpodcast.promo/relayShow Notes4:24 – Biden to propose tax hikes, $80B for audits of richhttps://www.accountingtoday.com/articles/biden-to-propose-tax-hikes-80b-for-audits-of-rich 7:36 – U.S. companies went right back to heavy use of nonstandard accounting metrics during the pandemichttps://www.marketwatch.com/story/u-s-companies-went-right-back-to-heavy-use-of-non-standard-accounting-metrics-during-the-pandemic-11619550987 11:30 – Under Armour Paying $9 Million to Resolve SEC Accounting Probehttps://www.wsj.com/articles/under-armour-paying-9-million-to-resolve-sec-accounting-probe-11620079991 13:21 – QuickBooks Payroll sufferers outage on Friday morning … many employees never got their direct deposithttps://www.theverge.com/2021/4/30/22412349/quickbooks-issue-missed-direct-deposit-paychecks 16:25 – Financial impact of COVID-19 revealed in QuickBooks analysis of 1 million small businesseshttps://quickbooks.intuit.com/r/coronavirus/small-business-recovery/ 22:18 – Expensify Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offeringhttps://www.businesswire.com/news/home/20210503005265/en/Expensify-Announces-Confidential-Submission-of-Draft-Registration-Statement-for-Proposed-Initial-Public-Offering 23:11 – Stripe buys TaxJarhttps://techcrunch.com/2021/04/27/stripe-acquires-taxjar-to-add-cloud-based-automated-sales-tax-tools-into-its-payments-platform/amp/?__twitter_impression=true More about TaxJarhttps://stripe.com/partners/taxjar TaxJar will be joining Stripe to help build the world’s tax compliance infrastructurehttps://blog.taxjar.com/taxjar-will-be-joining-stripe-to-help-build-the-worlds-tax-compliance-infrastructure/ 24:34 – Brex raises $425M at a $7.4B valuation, as the corporate spend war rages onhttps://techcrunch.com/2021/04/26/brex-raises-425m-at-a-7-4b-valuation-as-the-corporate-spend-war-rages-on/ Brex massive raise …https://www.businessinsider.com/brex-raises-mega-round-doubles-down-on-finance-management-2021-4 24:49 – Brex Unveils All-In-One Financial Solution For Businesseshttps://www.businesswire.com/news/home/20210426005625/en/Brex-Unveils-All-In-One-Financial-Solution-For-Businesses#.YIcUHNRGTfg.whatsapp 25:18 – Brex Premium, our Series D, and the future of Brex as all-in-one financehttps://medium.com/building-brex/brex-premium-our-series-d-and-the-future-of-brex-as-all-in-one-finance-1ad40690edde 29:35 – OnDeck Markets First ABS Since Purchase by Subprime Lender Enovahttps://www.washingtonpost.com/business/on-small-business/ondeck-markets-first-abs-since-purchase-by-subprime-lender-enova/2021/04/26/80919a32-a6a6-11eb-a8a7-5f45ddcdf364_story.html 31:14 – Latest product news – May 2021https://www.xero.com/blog/2021/05/latest-product-news-may-2021/ 34:06 – ACH payments on Invoices via Squarehttps://www.pymnts.com/news/payment-methods/2021/businesses-can-accept-ach-payments-via-square-invoices/ 36:20 – The robots are coming UiPath is Europe’s most successful tech export since Spotifyhttps://www.economist.com/business/2021/04/22/uipath-is-europes-most-successful-tech-export-since-spotify 37:20 – How UiPath Turned Into A $37 Billion Powerhousehttps://www.forbes.com/sites/tomtaulli/2021/05/01/how-uipath-turned-into-a-37-billion-powerhouse/?sh=6e1e53d62e40 37:40 – Heirlume raises 1.38 millionhttps://techcrunch.com/2021/04/30/heirlume-raises-1-38m-to-remove-the-barriers-of-trademark-registration-for-small-businesses/ 40:39 – New & Improved in FreshBooks: Income Importer, Dashboard Widgets, and Morehttps://www.freshbooks.com/blog/product-updates-april-2021Get 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,
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What this episode covers
Today, we're scaling back the tax talk, talking only about how Biden wants $80 billion for the IRS, and how non-GAAP is back, baby! Then, we move on to copious amounts of app news. We'll hit on the brief but heart-stopping QuickBooks Online Payroll outage, how Expensify is filing for an IPO, acquisitions, and raises, including the Stripe acquisition of TaxJar, and Brex's $425 million raise. We've got updates from Xero, and Square, and more!
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IRS Is Getting $80 Billion To Audit The Rich
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