Is the U.S. Tax Code Racist?

from The Accounting Podcast · host Blake Oliver & David Leary

SponsorsLiscio: https://cloudaccountingpodcast.promo/liscioOnPay: https://cloudaccountingpodcast.promo/onpayPayPie: https://cloudaccountingpodcast.promo/paypieShow Notes06:15 - What Impact Did the TCJA Have on Homeowners? - AccountingWEB 06:57 - Racial Disparities and the Income Tax System – Tax Policy Center 09:07 - [OC] People Killed by Police Forces (Annual rate per 10 million people) - Reddit11:28 - Police Unions And Civilian Deaths - NPR12:41 - The Illusion of Race-Neutral Tax Policy - ITEP 13:41 - Executive at top U.S. accounting firm details plan to combat racism, says workers 'want action' - CNBC15:38 - Fifty Years, Little Progress for Black Accountants – Bloomberg Tax16:49 - Accounting profession responds to George Floyd killing and anti-racism protests – Accounting Today 19:21 - Economic Reports and Issues – NAACP 21:20 - PPP forgiveness changes coming as Senate passes House bill – Journal of Accountancy26:48 - Banking Groups Call For PPP Loan Forgiveness - PYMNTS.com 28:21 - Is It Easier to Ask for Forgiveness Than Permission? Not for PPP Loans Under $150K AQN Strategies 29:06 - Dear Senate: Just forgive the Paycheck Protection Program loans – The Hill 29:38 - What to Make of the Rebound in the U.S. Jobs Report - NYTimes32:10 - Accountants see pandemic over by year's end; recovery will take longer – Accounting Today 33:31 - How SMB Accounting and Finance Teams are Responding to COVID-19 – Intuitive Accountant 35:26 - Accounting group CPA victimized by cyberattack, some data on 329,000 people stolen - CBC News 37:06 - Exclusive: U.S. small business program handed out virus aid to many borrowers twice - Reuters39:31 - Zoom Crushes Estimates With ‘Incredible’ Quarter – CFO.com40:19 - Microsoft Just Dealt A Striking New Blow To Zoom With This Crucial Feature – Forbes43:30 - Lenovo Chromebook Duet (10.1") 2 in 1 - Lenovo45:52 - Top three ways to get the most out of Microsoft Teams for your small business – OnMSFT.com47:21 - Latest product news: May 2020 - Xero51:16 - Xero Financial Web52:01 - Xero delays price hike indefinitely amid COVID-19 fallout for SME customers - SmartCompany 53:09 - Intuit QuickBooks expands Australian offering – Accountants Daily Get 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/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsAccountingTax.com: http://accountingtax.com/cloudSteve Chase’s Excel Bootcamp: https://www.sequen...

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What this episode covers

In this episode, we're talking about how tax policy impacts social policy, how the U.S. PwC chief details "plan" to combat racism — is it just more talk? Also, after 50 years, there's still little progress for Black accountants. What should we make of the jobs report? CPA execs have a bleaker outlook thanks to coronavirus. In other news, Zoom crushes quarterly earnings estimates but Microsoft has taken notice, PPP forgiveness rules are eased by Congress, and which banking groups are calling for PPP forgiveness. We'll also touch on three ways to get the most out of Microsoft Teams, how Xero delays price increases and releases new business and cash flow dashboards, and more!