Cloud Accounting Podcast

JULY 7, 2020

I've got follow up on Wirecard, the Ernst & Young audit that apparently did not detect $2 billion in money that was missing. David Leary: [00:04:18] I've got some Wirecard, as well. Blake Oliver: [00:04:19] IRS news, appropriate for Tax Day coming up. Did you know you could be using Synder to automatically do this for you?

Tax 40

Tax Auditing Deposits Accounting 40

Cloud Accounting Podcast

MARCH 30, 2020

I send it to ADP to do the direct deposits, and when they shoot out those direct deposits, they're adding in that extra 1,200 bucks, or whatever the proper amount is that's from the government [crosstalk] the accounts. If you're getting audited, like, "Hey, we're gonna stop right now and not do anything."

Accounting 40

Accounting Accounting Payroll Billing 40

Cloud Accounting Podcast

APRIL 27, 2020

The last stimulus, in 2008, it was twice that. Yes, they sent out $155 billion, but there are still $36 billion that they haven't mailed yet or deposited that they're just sitting on. Now, step back and do the math on this. 900 billion. That's $45 billion for the banks that they get in fees. Blake Oliver: [00:21:06] Right.

Accounting 40

Accounting Accounting Tax Deposits 40

Cloud Accounting Podcast

MAY 26, 2020

bust, the 2008 crisis. Direct deposit volumes are surging three times, up to 14 million customers. Thankfully, during coronavirus, all of that thought leadership about how blockchain is going to eliminate the audit profession has disappeared. This could actually bode well for QuickBooks, and Xero. Blake Oliver: [00:26:36] Yes.

XERO 40

XERO Accounting Accounting QuickBooks 40