Cloud Accounting Podcast

JULY 7, 2020

So, if they don't file the returns, if the deadline doesn't stick, and it gets extended again, then clients aren't gonna turn in their paperwork, and the firm is not gonna be able to collect the cash. Did you know you could be using Synder to automatically do this for you? Blake Oliver: [00:29:11] Right.

Tax 40

Tax Auditing Deposits Accounting 40

Cloud Accounting Podcast

MARCH 21, 2020

When you're talking about taxpayer checks, notwithstanding the physical piece, which is that not everybody has direct deposit, I think there are some real security issues that you have to worry about when you have remote workers, at that point, because how- who has access to the system? The IRS should not be collecting.

Tax 40

Tax Billing Payroll Bookkeeping 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. So, if you owe money to the IRS, they are suspending all of their collections activities. Now, step back and do the math on this. 900 billion.

Accounting 40

Accounting Accounting Tax Deposits 40