Rubber Stamped Forgiveness for PPP Loans episode artwork

EPISODE · Oct 16, 2020 · 1H 1M

Rubber Stamped Forgiveness for PPP Loans

from The Accounting Podcast · host Blake Oliver & David Leary

SponsorsDEAR Systems: https://cloudaccountingpodcast.promo/dearClockShark: https://cloudaccountingpodcast.promo/clocksharkBQE CORE: http://cloudaccountingpodcast.promo/coreShow Notes07:15 – Microsoft will let employees work from home half the time https://www.cnbc.com/2020/10/09/microsoft-implements-new-hybrid-remote-work-policy.html 10:47 – SBA and Treasury simplify forgiveness of PPP loans under $50K+https://www.accountingtoday.com/news/sba-and-treasury-simplify-forgiveness-of-ppp-loans-under-50k 11:47 – PPP forgiveness simplified for loans of $50,000 or lesshttps://www.journalofaccountancy.com/news/2020/oct/ppp-forgiveness-simplified-for-loans-50000-less.html 14:21 – IRS Investigating NRA’s Wayne LaPierre for Possible Tax Fraudhttps://www.wsj.com/articles/irs-investigating-nras-wayne-lapierre-for-possible-tax-fraud-11601923467 15:46 – Software Pioneer John McAfee Indicted On Tax Charges https://www.forbes.com/sites/kellyphillipserb/2020/10/05/software-millionaire-john-mcafee-indicted-on-tax-charges/#65df8ef72672 19:00 – IRS: Sorry, but It’s Just Easier and Cheaper to Audit the Poorhttps://www.propublica.org/article/irs-sorry-but-its-just-easier-and-cheaper-to-audit-the-poor 21:20 – IRS Whittles Mail Backlog, Aims to Make Final Stimulus Paymentshttps://www.wsj.com/articles/irs-whittles-mail-backlog-aims-to-make-final-stimulus-payments-11602097587 23:20 – Robinhood Reports Potential Hacking Incidenthttps://www.pymnts.com/news/security-and-risk/2020/robinhood-reports-potential-hacking-incident/ 29:12 – BoA Goes Micro With Consumer Loan Up To $500https://www.pymnts.com/loans/2020/bank-of-america-goes-micro-with-consumer-loan-up-to-500-dollars/ 30:04 – Introducing New Modern Benefits that Expand Access to Affordable Health Coverage and Put an End to Predatory Banking Practiceshttps://gusto.com/company-news/introducing-gusto-benefits-for-all 32:20 – Expensify introduces free vendor bill-payhttps://www.accountingtoday.com/news/expensify-introduces-free-vendor-bill-pay 36:58 – Tipalti valued at $2B+ after raising $150M for its accounting automation platformhttps://siliconangle.com/2020/10/06/tipalti-valued-2b-raising-150m-accounting-automation-platform/ 38:20 – Avalara acquires Transaction Tax Resources for $377Mhttps://www.accountingtoday.com/news/avalara-acquires-transaction-tax-resources-for-377m 42:26 – Accounting error costs Georgia, tax collections stay strong https://www.thetelegraph.com/news/article/Accounting-error-costs-Georgia-tax-collections-15626264.php 44:02 – Spill some tea! If you know which software was involved in the Georgia tax fiasco, do tell. Hit us up on Twitter, or LinkedIn. Inquiring accountants want to know!  46:02 – Botched Excel import may have caused loss of 15,841 UK COVID-19 cases https://arstechnica.com/tech-policy/2020/10/excel-glitch-may-have-caused-uk-to-underreport-covid-19-cases-by-15841/ 48:41 – Introducing Client Hub Frictionless Workflowhttps://blog.clienthub.app/frictionlessworkflow/ 49:27 – This is Google's new plan to take on Microsoft Office - Latest Newshttps://timesofindia.indiatimes.com/gadgets-news/this-is-googles-new-plan-to-take-on-microsoft-office/articleshow/78533493.cms 52:08 – Japanese Startup Surges 300% on Demand for Cloud-Based Accountinghttps://finance.yahoo.com/news/japan-startup-surges-300-demand-200000131.html 54:10 – Square stock gains after company purchases $50 million in bitcoinhttps://www.marketwatch.com/story/square-stock-gains-after-company-purchases-50-million-in-bitcoin-11602164665 56:45 – EY Changes Its Vacation Policy, Oh and BTW They’re Not Paying Out Accrued PTO If You “Leave”https://www.goingconcern.com/ey-flexible-vacation-policy-pto/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/Ap...

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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 how Microsoft is now allowing employees work from home 50% of the time, and Google is challenging Microsoft Office with a new version of G Suite, called Google Workspace. We cover app news, with updates on offerings from Gusto, Expensify, Avalara, Client Hub, and more, and talk about the recent Robinhood "potential" hackery, serious mystery software errors that plagued the state of Georgia, and more flaws in Excel affecting accurate reporting of COVID cases in the UK. All this and so much more!

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Rubber Stamped Forgiveness for PPP Loans

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