The Cost of Busy Season Burnout episode artwork

EPISODE · May 27, 2021 · 58 MIN

The Cost of Busy Season Burnout

from The Accounting Podcast · host Blake Oliver & David Leary

SponsorsClient Hub: https://cloudaccountingpodcast.promo/clienthubOdoo: https://cloudaccountingpodcast.promo/odooShow Notes1:12 – Welcome Kristen Keats, founder of Breakaway Bookkeeping & Advising, and practice owner at Sherwood Tax & Accounting12:17 – David’s Rant of the Week – Virtual conferences suck16:45 – REVIEW!  Thank you, Jolen.opyc! 18:06 – KPMG Canada launches cloud accounting solution for SMEshttps://www.consulting.ca/news/2273/kpmg-canada-launches-cloud-accounting-solution-for-smes24:06 – Burnout Is Real, On the Rise, and Retractablehttps://www-psychologytoday-com.cdn.ampproject.org/c/s/www.psychologytoday.com/us/blog/mental-health-in-the-workplace/202008/burnout-is-real-the-rise-and-retractable?amp  28:50 – Restaurant Revitalization Fund to stop accepting applications Monday - Journal of Accountancyhttps://www.journalofaccountancy.com/news/2021/may/sba-loan-restaurant-revitalization-fund-to-stop-accepting-applications.html 29:11 – SBA will close Restaurant Revitalization Fund on Monday — just 3 weeks after openinghttps://www.restaurantdive.com/news/sba-will-close-restaurant-revitalization-fund-on-monday-just-3-weeks-afte/600476/ Restaurant Revitalization Fund faces huge funding shortfallhttps://www.journalofaccountancy.com/news/2021/may/sba-restaurant-revitalization-fund-faces-huge-funding-shortfall.html NYC Introduces Restaurant Aggregator Data Billhttps://www.pymnts.com/news/delivery/2021/nyc-introduces-bill-to-require-restaurant-aggregators-to-share-customer-data/ 30:08 – Child Tax Credit Expansion Kicks In July 15 With Monthly Payments to Familieshttps://www.wsj.com/articles/monthly-child-tax-credit-payments-set-to-start-july-15-11621249203 31:28 – Under Armour shareholders can sue over sales disclosureshttps://reut.rs/3uYY3XZ 32:37 – Taxpayers deserve pandemic penalty relief, AICPA says - Journal of Accountancyhttps://www.journalofaccountancy.com/news/2021/may/taxpayers-deserve-pandemic-tax-penalty-relief-aicpa-says.html 36:22 – Will Biden’s IRS be coming after your clients?https://www.accountingtoday.com/articles/will-bidens-irs-be-coming-after-your-clients 41:37 – Elizabeth Warren’s take on the tax-preparer industry 44:39 – Innovations in audit: KPMG deploys smart glasseshttps://www.accountingtoday.com/news/innovations-in-audit-kpmg-deploys-smart-glasses 47:00 – Auditors leverage technology lessons from pandemichttps://www.accountingtoday.com/news/auditors-leverage-technology-lessons-from-pandemic 49:14 – We Found Joe Biden’s Secret Venmo. Here’s Why That’s A Privacy Nightmare For Everyone.https://www.buzzfeednews.com/article/ryanmac/we-found-joe-bidens-secret-venmo 50:25 – Popularity of Venmo, Other Apps Prompt Questions for Lawyer Usehttps://news.bloomberglaw.com/us-law-week/popularity-of-venmo-other-apps-prompt-questions-for-lawyer-use 52:50 – April sees resurgence in ransomware attacks - IT-Online https://it-online.co.za/2021/05/14/april-sees-resurgence-in-ransomware-attacks/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/OvercastClassifiedsFuture Firm: https://futurefirmaccelerate.com/Xero: A Comprehensive Guide for Accountants and BookkeepersAccounting Podcast Network:

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Kristen Keats, CPA, founder of Breakaway Bookkeeping & Advising, joins the show to talk about busy season burnout, KPMG Canada's new foray into outsourced accounting with "KPMG Finance Plus," along with updates on the Restaurant Revitalization Fund, and Child Tax Credit expansion. We'll also talk about the AICPA's advocacy for tax penalty relief, whether or not the Biden IRS will come after your clients, Elizabeth Warren's opinions about the tax prep industry, the latest opportunities for automation in audit, and more!

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The Cost of Busy Season Burnout

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