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Tax Day is July 15. Still

Cloud Accounting Podcast

Blake Oliver: [00:10:40] I don't think this was listed in the blog post about the reasoning for not moving the deadline, but I did hear some speculation that the big reason managing partners wouldn't wanna move the deadline is that they collect payment from clients when they file returns.

Tax 40
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Earnings Before Interest, Taxes, Depreciation, Amortization, and Coronavirus

Cloud Accounting Podcast

It has an easy-to-use dashboard, integrations with QuickBooks and Xero, and additional automated tools to serve the modern workforce. The firm grew 15 percent from 2008 to 2009, and that has been the normal amount of growth ever since. Their around-the-clock support team is standing by with dedicated support just for accountants.

Tax 40
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Is PPP Failing? We Get Answers from the AICPA

Cloud Accounting Podcast

Accountants and bookkeepers love Relay because they get a partner portal, can manage staff access without compromising security, and enjoy enriched direct bank feeds to QuickBooks Online, and Xero. We learned this in the 2008 stimulus package. Accounts can be accessed via the web, iOS, and Android. Erik Asgeirsson: [00:28:43] Yeah.

Payroll 40
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Tax Deadline Extended, IRS Yet to Confirm

Cloud Accounting Podcast

I bet we'll find that a number of highly placed people in Congress did insider trading. David Leary: [00:25:54] This Burr guy's even worse because, when they had the bill a decade to go, after the 2008 situation - they passed that bill about Congress and insider trading - he's one of the three senators that voted against it.

Tax 40
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PPP Round 2 May Be Over Before It Even Started

Cloud Accounting Podcast

The applications came in pretty slow at first, but now, my understanding is, starting Thursday night, or Friday - as soon as the President signed the bill - PayPal, Kabbage, Intuit QuickBooks, all the banks. The last stimulus, in 2008, it was twice that. I've got called back by two lenders. Now, step back and do the math on this.

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Employers Take Hard Pass on Trump Tax Deferral

Cloud Accounting Podcast

There was a story in the Wall Street Journal about how auditors are struggling to work remotely, which doesn't surprise me given the reliance on paper for a lot of auditing and in-person interviews. [00:07:46] There's some good news; the AICPA issued a new audit evidence standard that allows for non-human evidence collection.

Tax 40
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Why ScaleFactor Failed, According to Employees (It Wasn't COVID-19)

Cloud Accounting Podcast

My biggest takeaway from the conversations was how you can 100 percent use BQE Core as your standalone accounting system or pair it up with either QuickBooks Online, or Xero. Blake Oliver: [00:38:04] So, she was out $17,000; couldn't collect it. David Leary: [00:38:04] $17,000. That was the same when I was at QuickBooks.