Cloud Accounting Podcast

OCTOBER 15, 2020

In this episode, we cover the latest on PPP forgiveness, the IRS's continuing lack of resources, and how they make it easier to audit the poor, while those with lots of cash, like the NRA's Wayne LaPierre, and John McAfee, software pioneer, are suspected of, and indicted for tax fraud. Hit us up on Twitter, or LinkedIn. A lot of news!

Auditing 40

Auditing Tax Collections Billing 40

Bookkeeping Express

APRIL 12, 2023

One common issue that many small businesses face is a disorganized payroll process, which may include any number of problems, including: Inefficient data collection. It is critical to keep up with what the rules require to ensure that you comply with tax and labor regulations and minimize the risk of audits, fines, and penalties.

Payroll 52

Payroll Record Keeping Tax Collections 52

CapActix

MARCH 23, 2023

Organizations collect data from various sources to store and gather insights about the market, customers, and competitors. Accountants use data analytics tools for risk management, budgeting, tax consulting, forecasting, and auditing. Data Analytics and Forecasting Tools The use of data analytics in accounting is not new.

Accounting 98

Accounting Accounting CPA Accounting Software 98

Future Firm

JUNE 8, 2023

It also provides opportunities for networking, career advancement, and professional collaboration through webinars, career advice, and peer connections. Members often seek advice and share their experiences on accounting principles, taxation, financial reporting, bookkeeping, and auditing.

Accounting 52

Accounting Accounting CPA Tax 52

Nanonets

DECEMBER 12, 2023

How it works - A lead takes part in a webinar. Approach: Frame your questions to collect information respectfully, without alienating the prospect. Crafting a BANT Form Creating a BANT form effectively means choosing appropriate data fields for each BANT component to ensure precise and efficient information collection.

Budgeting 52

Budgeting QuickBooks Invoicing Collections 52

IMA's Count Me

MARCH 28, 2021

My advice to the organizations is that they should appoint highly-skilled people who are able to collect suitable data, analyze it and define the anomalies and the variances. For example, if we are talking for the IMA, we have a lot of webinars. I think that these webinars can add value to IMA members and to everyone.

Tax 40

Tax Budgeting Accounting Accounting 40

Nanonets

DECEMBER 18, 2023

Or a clothing brand dropping exclusive first looks at new collections to their WhatsApp list. ” Event Invites and Updates : Hosting a webinar? Archiving - Quickbooks : The completed transaction is archived for future reference and audit trails. How about a local bakery sending out daily menus or special deals?

QuickBooks 52

QuickBooks Invoicing Customer Service Purchase Order 52

Nanonets

DECEMBER 15, 2023

Examples of Successful Qualification Criteria in Various Sectors: Technology Sector : A tech company might focus on leads that have a certain level of technical expertise, have interacted with tech webinars or whitepapers, and belong to industries that commonly use their products.

Budgeting 52

Budgeting QuickBooks Invoicing Collections 52

Cloud Accounting Podcast

MARCH 18, 2022

Go here to create your classified ad: [link] Full Transcript Available Upon Request - info@cloudaccountingpodcast.com Lack of IRS audits hurts CPAs; IRS to hire as many as 10,000; Brazillian accounting firm raises $160 million; QuickBooks enters restaurant niche; and more Hit the link below to get more info.

Accounting 40

Accounting Accounting Auditing Computation 40

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. The logic there is a little bit interesting. We'll talk about that. How about you?

Tax 40

Tax Auditing Deposits Accounting 40

Cloud Accounting Podcast

FEBRUARY 29, 2024

Other news includes the future of commercial real estate taxes, the use of AI tools to monitor employee communications, and how the IRS plans to collect over $500 billion more in owed taxes. Let the listeners of The Accounting Podcast know by running a classified ad.

Customer Service 53

Customer Service Collections CPA Auditing 53

Cloud Accounting Podcast

JUNE 23, 2020

The Treasury Inspector General estimates that the IRS could collect $45.6 I [00:35:00] don't know the audit process. That's the conflict of interest inherent in auditing. One of early ones in the QuickBooks world was something called Audit My Books. Because the IRS isn't coming after them. It's just kind of crazy to me.

QuickBooks 40

QuickBooks Computation XERO Tax 40

Cloud Accounting Podcast

JULY 20, 2020

Regulator Orders Big Four to Separate Audit Practices by 2024 – Wall Street Journal 32:27 – Debating the CPA License: Martin Zych + Blake Oliver + Brian Tankersley - CPA Review & More 33:40 – FASB Concepts Statement No. 8 – Conceptual Framework for Financial Reporting. David Leary: [00:04:53] I heard about that.

Accounting 40

Accounting Accounting Auditing QuickBooks 40

Cloud Accounting Podcast

SEPTEMBER 1, 2020

Then, they'll be pissed at you because you didn't do it, or worse, they're going to leave their job, and take a new one in January, and you won't be able to collect that payroll tax, so you'll be on the hook for it because the employer is responsible. If you're doing webinars, all the other communications around your product.

Payroll 40

Payroll Tax QuickBooks CPA 40

Cloud Accounting Podcast

JUNE 1, 2020

They just don't have the manpower to audit even a tiny fraction. So, maybe that's all they'll do is do a tiny fraction, and the rest will just get automatically approved, or they'll approve them conditionally, and then reserve the right to go back and audit years later. They don't know if they're gonna have. They're already in debt.

Tax 40

Tax Billing QuickBooks Payroll 40

Cloud Accounting Podcast

APRIL 19, 2020

It Felt Like a Black Mirror Episode' The Inside Account of How Bird Laid off 406 People in Two Minutes via a Zoom Webinar" [link] - dot.LA She had a webinar on PPP and the emergency loan, and I attended her webinar. Now, you're gonna get who knows how many reports to audit people? Hope you have a great weekend!

Payroll 40

Payroll Bookkeeping Accounting Accounting 40

Cloud Accounting Podcast

MAY 18, 2020

Well, do you remember how Mnuchin was threatening to audit every business that got a PPP loan? Then, Mnuchin started saying, "We're gonna audit people over 2 million; businesses over $2 million in PPP money are definitely gonna get audited." Then, they started saying that everybody's gonna get audited potentially.

Payroll 40

Payroll Billing Deposits Accounting 40

Cloud Accounting Podcast

APRIL 20, 2021

Billion Monthly Payments [link] 28:05 – IRS to roll out expanded Child Tax Credit on July 1 [link] 29:50 – Biden Seeks 10% IRS Funding Hike to Spur More Audits of Wealthy [link] 31:37 – More Listener Mail! 26:40 – ACH Network Hits 2.7 Thank you, Amir Banihashemi! 32:08 – Get your value-pricing refresher here!

Collections 40

Collections Tax CPA Bookkeeping 40

Cloud Accounting Podcast

JULY 14, 2020

The AICPA had another one of their weekly webinars. I guess the reasoning here, which kind of makes sense to me, is that you wanna start the statute of limitations sooner rather than later because the longer you wait, then, the longer the IRS has to do audits. David Leary: [00:15:52] A couple of things that are interesting.

XERO 40

XERO QuickBooks Tax Billing 40

Cloud Accounting Podcast

APRIL 27, 2020

Five years ago, the inspector general's office did audits of the SBA and found that they have longstanding security weaknesses and identified 35 open-information technology audit recommendations. So, if you owe money to the IRS, they are suspending all of their collections activities. But this is not a one-time thing.

Accounting 40

Accounting Accounting Tax Deposits 40

Cloud Accounting Podcast

AUGUST 25, 2020

They're gonna pause these collections notices while they work through their backlog. [00:19:21] That was causing a ton of confusion for tax preparers and for their clients. One out of three clients didn't know if their tax accountant provides audit protection services. It lets you collect your thoughts.

Accounting 40

Accounting Accounting QuickBooks XERO 40

Cloud Accounting Podcast

SEPTEMBER 15, 2020

CFO 07:41 – Auditors Struggle to Access Data, Count Inventory During Remote Work – Wall Street Journal 07:47 – 8 things to know about the audit evidence standard – AICPA 09:17 – DOJ: 57 Charged With Alleged PPP Fraud – PYMNTS.com 10:10 – More on Liar Loans – Wikipedia 11:52 – Quickie lender Kabbage doled out billions in PPP loans.

Tax 40

Tax Payroll Financial Statements QuickBooks 40

Cloud Accounting Podcast

OCTOBER 1, 2020

Inflo, a data analytics company, has introduced Workpapers, a new audit module for end-to-end external digital audits, which I am sure are growing when you can't go to the office. David Leary: [00:36:44] Digital audits. Blake Oliver: [00:36:45] Yes, and actually I have a story. or just systems.

Accounting 40

Accounting Accounting QuickBooks CPA 40

Cloud Accounting Podcast

AUGUST 17, 2020

Blake Oliver: [00:10:37] The reason that the Trump administration is concerned with TikTok is because - and this is a legitimate concern - the app is owned by a Chinese company, and it aggressively collects data on American citizens, when you load TikTok. He can change, though, the collection date. There have been people who have said.

Payroll 40

Payroll Tax Accounting Accounting 40