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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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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. Erik Asgeirsson: [00:28:43] Yeah. It's $350 billion, and we're worried about fraud.

Payroll 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. David Leary: [00:28:23] So, these examples are techniques this firm used during the 2008 crisis.

Tax 40
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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. from 10.2%

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. She couldn't get it back- recoup it from the customer.