Wave Makes Waves by Becoming a Bank episode artwork

EPISODE · Jun 16, 2020 · 59 MIN

Wave Makes Waves by Becoming a Bank

from The Accounting Podcast · host Blake Oliver & David Leary

SponsorsAccountant Connect: https://cloudaccountingpodcast.promo/adpMelio Payments: https://cloudaccountingpodcast.promo/melioPayPie: https://cloudaccountingpodcast.promo/paypieShow Notes05:06 – Wave expands into banking with new small business account and debit card -    BetaKit Wave Money is a new no fee bookkeeping solution aimed at small business users - TechRadar 07:39 – QuickBooks Online new features and improvements - March 2020 - Firm of the Future 09:05 – Banking App Lili Raises $10M In Seed Funding - PYMNTS.com 09:29 – Challenger bank Varo, soon to become a real bank, raises $241M Series D – TechCrunch09:36 – Wise locks down $5.7 million to scale its challenger bank designed for small businesses – TechCrunch 11:43 – Square: Why Its Stock Is Soaring And How It’s Threatening Banks - Forbes 12:50 – Hit by Coronavirus—and a 30% Holdback by the Payment Processor – Wall Street Journal17:23 – Alibaba.com moves into SMB financing – Bank Innovation  20:23 – QuickBooks Online new features and improvements - March 2020 - Firm of the FutureQuickBooks boosts reports for accountants, upgrades Enterprise edition – Accounting Today 22:28 – QuickBooks Connect 2020 was cancelled, but continue to watch this space because something new and exciting is coming – Intuit QuickBooks. 25:13 – FreshBooks launches Accounting Professionals Program – Accounting Today 30:22 – Tax1099 Builds Integration with BQE Core to Streamline 1099 eFilings – Yahoo! Finance32:39 –  CalCPA CEO pledges change in wake of George Floyd killing - Accounting Today42:21 – SBA and Treasury Announce New and Revised Guidance Regarding the Paycheck Protection Program - PR Newswire44:40 – Rubio vowed to make PPP loans public. Now he asks if they are trade secrets – The Sun Sentinel 46:17 – Mnuchin secrecy on bailout sparks rift with Congress – POLITICO50:22 – Harris, Porter Blast Trump Administration for Hiding Data on Small Business Grants - KAMALA D. HARRIS U.S. Senator for California50:57 – Senate Democrats press for simplified Paycheck Protection Program loan forgiveness application - Washington Post51:39 – The Paycheck Protection Program is a success, except for one big issue – The Washington Times53:00 – Paycheck Protection Program – Developments You Should Know – The National Law Review54:50 – Fed expands Main Street program to allow for both smaller and bigger loans - CNBC 55:44 – Federal Help Could Be Coming For Looted Stores - PYMNTS.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! 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/Overcast

Episode metadata supplied by the publisher feed · Published Jun 16, 2020

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Today, we're talking about how Wave releases small business banking features bundled with their accounting software, but it turns out QuickBooks already quietly launched a similar feature. Then, we'll dive into how some businesses hit by coronavirus are now being hit by holdbacks from their payment processors; and though CPA firms and societies are pledging to change following Black Lives Matter protests, will things actually change? We've got more on the PPP front, with Kudlow and Mnuchin walking back promises of transparency for the Paycheck Protection Program (PPP), how Senate Democrats are pressing for a simplified PPP forgiveness process. In other news, FreshBooks launches its Accounting Professionals Program, and much more!

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Wave Makes Waves by Becoming a Bank

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