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TurboTax To Help Gamble Tax Refund On Crypto

Cloud Accounting Podcast

We'll also get into some app news, conference updates, and talk more tax, as we wander through the land of IRS troubles. Payments Valued at $72.6T to verify your identity.

Tax 40
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Terrible TikTok Tax Advice

Cloud Accounting Podcast

Plus, Bill.com stock pops on fantastic quarterly earnings, Xero gives Blake a treat for Valentine's Day, whistleblowing grows with remote work as employees become less engaged, and Deloitte is not looking good when it comes to the CDC's vaccine appointment system. In app news, lots from Intuit and QuickBooks this week.

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Make Electronic Payments Simpler: All you need to know

Nanonets

 The World Bank reports that two-thirds of adults worldwide make or receive a digital payment today, with the share in developing economies growing from 35% in 2014 to 57% in 2021. Efficiency: ePayment systems do not require waiting in long queues in ATMs and banks to withdraw cash or deposit checks.  

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IRS Is Getting $80 Billion To Audit The Rich

Cloud Accounting Podcast

We've got updates from Xero, and Square, and more! Sponsors Sage Advice: [link] Client Hub: [link] Relay Financial: [link] Show Notes 4:24 – Biden to propose tax hikes, $80B for audits of rich [link] 7:36 – U.S.

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When Time-Based Pricing Works (Or Does It?)

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. It's almost like- and even Xero when they bought Hubdoc. I saw that press release. I'm not totally understanding what that is. Ring a bell?

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Will $2T Stimulus Pay for Accountants’ Self Hair Cuts

Cloud Accounting Podcast

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. It's gonna be called Square Financial Services in 2021. As of right now, you could get the app in the U.S.

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ScaleFactor Fails to Scale, Blames COVID-19

Cloud Accounting Podcast

If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. They use QBO or Xero.