EPISODE · Jul 8, 2020 · 42 MIN
Tax Day is July 15... Still
from The Accounting Podcast · host Blake Oliver & David Leary
SponsorsSynder: https://cloudaccountingpodcast.promo/synderClockShark: https://cloudaccountingpodcast.promo/clocksharkBQE Core: http://cloudaccountingpodcast.promo/coreShow Notes07:02 - Treasury Department, IRS will not extend Tax Day a second time - CNBC07:09 - July 15 Filing Date — Not to Move – AICPAIn March, the AICPA advocated to move the deadlines to October 15 - AICPA Some AICPA tweet (and replies) about the filing extension issue – Twitter 09:10 - Tax TeleGraf tweet on reasons you can control vs. can’t control: - Twitter11:10 - IRS will not postpone July 15 deadline - Journal of Accountancy 12:02 - Wirecard’s Adventure-Seeking No. 2 Was Key to the Firm’s Rapid Rise. Then He Disappeared. - WSJ12:58 - Wirecard ex-COO Marsalek's entry into Philippines was faked, minister says - Reuters14:40 - More Wirecard discussion from last week's episode, 18116:17 - Wirecard Scandal Puts Spotlight on Auditor Ernst & Young - WSJ17:05 - Wirecard Exposes Big 4 Accounting Lapses Endure Post-Enron – Claims Journal 20:06 - Your Wirecard E-Cash Was Safe Until It Wasn’t - Bloomberg21:24 - SoftBank Wants Out Of Wirecard Partnership | PYMNTS.com 22:27 - Corporate audits fell 71% as coronavirus crippled IRS – Accounting Today 22:33 - Millionaires face near-zero chance of IRS audit — for now – Accounting Today 23:12 - IRS wasting millions on audits with no results, watchdog says – Accounting Today 26:05 - IRS chief pledges to work with Congress on examining tax code's role in racial wealth disparities – The Hill26:59 - House joins Senate in approving 5-week PPP extension - Journal of Accountancy Senate passes extension of small business loan program – Accounting Today 27:50 - Has There Been $1 Billion in PPP Fraud? - Entrepreneur29:19 - Watchdog’s deceased mother one of 1.1M to get stimulus check – Accounting Today 29:58 - What Should Business Owners Do After They Run Out of PPP Loan Money? - AccountingWEB 33:09 - In the Covid-19 Economy, You Can Have a Kid or a Job. You Can’t Have Both. - The New York Times 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/OvercastClassifiedsClientHub: https://clienthub.appSmansha: https://cloudaccountingpodcast.promo/smanshaGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd TranscriptIf you...
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What this episode covers
In today's episode, we're talking about how the IRS refuses to postpone the July 15 deadline, and why the AICPA won't argue the point, despite a survey of members finding that a plurality want another delay. In other news, Wirecard's COO is on the lam while the spotlight falls on auditor Ernst & Young; tax audits fall dramatically as coronavirus cripples the IRS, and millionaires face a near-zero chance of an audit. We'll also get into the Senate's extension of the PPP, and one estimate of PPP fraud exceeds $1 billion. All this, and more! Grab snacks!
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Tax Day is July 15... Still
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