Tax Deadline Extended, IRS Yet to Confirm episode artwork

EPISODE · Mar 21, 2020 · 46 MIN

Tax Deadline Extended, IRS Yet to Confirm

from The Accounting Podcast · host Blake Oliver & David Leary

SponsorsBill.com: https://cloudaccountingpodcast.promo/billClockShark: https://cloudaccountingpodcast.promo/clocksharkOnPay: http://cloudaccountingpodcast.promo/onpayShow Notes24:54 - Senator Dumped Up to $1.7 Million of Stock After Reassuring Public About Coronavirus Preparedness26:38 - Some webinars re: Food Service and Accounting During This Crisis Five Crisis Numbers for Food & Bev - YouTubeNow What? Business Ops Guide for Restaurants 03 18 2020 - YouTube29:24 - Planning for the Coronavirus Recession - CPA Trendlines32:34 - FYI, CPA Exam Candidates, COVID-19 Just Killed Prometric - Going Concern34:35 - Tracker: These Public Accounting Firms Are In Mandatory Work-From-Home Mode - Going Concern39:36 - How to (and not to) write an email about COVID-19 to your clients - The Profitable Firm43:23 - Find Kelly's Forbes contributions here - Forbes.comConnect with Kelly Phillips ErbTwitter: @taxgirlLinkedIn: Kelly (Taxgirl) Phillips ErbWebsite: Taxgirl.comGet 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! Need 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/OvercastClassifiedsHigh Rock Accounting: [email protected] Bookkeeping Side Hustle: www.BookkeepingSideHustle.com/bookkeeping-guidebookGo here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd  TranscriptDid you know that you could use AP automation as an entry point to offering client accounting services? A successful transformation from clunky manual processes to automated processes can lead to your clients wanting even more of the services your firm can provide. Stay tuned to hear more from our sponsor, Bill.com, later in the episode. Kelly Phillips Erb: [00:00:21] What the bill does is it expands the eligibility for small businesses, meaning those that are under 500 employees to receive loans under the Small Business Act. These loans are specifically targeted for folks who are affected by the virus, and they can be used for payroll ... ____________________This episode of The Cloud Accounting Podcast is sponsored by ClockShark. Way back in October of 2013, I became ClockShark's very first Twitter follower. Today, ClockShark has grown into a highly rated and very-much-loved time-tracking app that is now used by over 5,000 small businesses. With features like crew tracking, scheduling, overtime notifications, routes, geofencing locations, job costing, budgeting, and reporting, the ClockShark team has built a robust mobile time-tracking app to handle the unique that face your clients who have mobile workforces.  By using ClockShark, you and your clients will be confident that their time-tracking data is correct and perfectly synced with their QuickBooks, or ADP, allowing payroll to be on time, and accurate. While other time-tracking apps are charging as much as $8 or more per month, per employee, ClockShark offers ClockShark Standard Plan for just $6 a month, per employee. Head over to cloudaccountingpodcast.promo/clockshark. That is Cloud Accounting Podcast dot promo forward slash C-L-O-C-K-S-H-A-R-K.____________________This episode of The Cloud Accounting Podcast is sponsored by OnPay. Many times when choosing a payroll service, you have to choose between a new startup with a great app, or an established company whose tech may feel behind the times. With OnPay, you get the best of both worlds - a great app from the established company that has been providing payroll services for over 30 years in all 50 states. OnPay is an easy-to-use full-service payroll that's the right fit for all your clients, whether they have just one or 500 employees. They handle all the complicated stuff, like agricultural payrolls, Form 943, multi-state, and H-2A visas. OnPay even makes it easy to switch from other payroll services by doing all the data entry for each client that you set up. Right now, Cloud Accounting Podcast listeners can get three free months of OnPay payroll service. To learn more, head over to cloudaccountingpodcast.promo/onpay. That is Cloud Accounting Podcast dot promo forward slash O-N-P-A-Y. ____________________Blake Oliver: [00:02:20] Welcome to The Cloud Accounting Podcast. I'm Blake Oliver. David Leary: [00:02:23] And I'm David Leary. Kelly Phillips Erb: [00:02:24] An...

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We're joined by tax expert, tax attorney, author, and Forbes columnist Kelly Phillips Erb AKA @taxgirl. Kelly gives us the rundown of what's been going on in Congress with tax deadline extensions, small business relief due to coronavirus, and more. We also discuss the Senate stock sale scandal, potential job losses in accounting due to the recession we have almost certainly entered, accounting firms going remote, the challenges of remote work, and how we can more effectively communicate clients about COVID-19.

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Tax Deadline Extended, IRS Yet to Confirm

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