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Full Transcript Available Upon Request - info@cloudaccountingpodcast.com We've got a lot to talk about today, including how accounting first-year salaries are on the rise, and what Kabbage did to become under investigation for PPP fraud.
Trillion in Unpaid Taxes [link] 31:20 - Richest 1% hide a fifth of their income from the IRS [link] 31:27 - IRS failed to collect $2.4B Trillion in Unpaid Taxes [link] 31:20 - Richest 1% hide a fifth of their income from the IRS [link] 31:27 - IRS failed to collect $2.4B billion) means for you. All this and maybe a bit more!
Moving on to upgrades, and the like, we're talking Xero, their app upgrade, and their collab with Revolut. Sponsors Fyle: [link] AFO Wealth Management Forward: [link] Rewind: [link] Show Notes 01:30 – Blake and David talk smart homes, Zoom, and router recommendations, Mnuchin and movies. None of them helped.
Collecting all the relevant financial data, documentation, and signatures from new accounting clients during the onboarding phase can quickly become a long, drawn-out process. Security measures : Since you are collecting and storing sensitive client data (e.g.,
Smansha integrates with QuickBooks Online, and Xero to help put an end to cashflow problems. ADP has your back with ADP Marketplace. __ Blake Oliver: [00:24:30] I've got updates on Xero. Xero Premium customers can now sync Xero smart lists to Mailchimp, the popular email service, in real time. What does that mean?
We'll hit on more IRS news, including (quelle surprise) how the IRS is way behind on processing tax returns, why Biden's agenda relies on the IRS, one big 1099 change for gig workers, and why Florida finally started collecting sales tax from out-of-state sellers.
in bogus nonresident tax refunds [link] 12:04 – Florida man filed 745 tax returns in 4 years, collecting $235K in bogus refunds — ‘I found a flaw in your system, and I took advantage of it’ [link] 15:58 – Sage buys proposal software vendor GoProposal [link] Sage buys U.K.
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. Head over to cloudaccountingpodcast.promo/smansha.
This prior webinar, we said, "Assume positive intent," that the intent was to get money in the hands of small business. 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.
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. Because the IRS isn't coming after them.
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. They really are. It's all over social media.
A2X posts tidy summaries of sales, returns, and fees from Shopify and Amazon directly into QuickBooks, or Xero that will exactly match the deposits that appear in your bank account. A2X has won the support of Amazon, Intuit, and has hundreds of five-star reviews by accountants and bookkeepers in both the QuickBooks and Xero app stores.
OnPay include, deep integrations to benefit providers, workers' comp plans, QuickBooks, and Xero. PayPie integrates with QuickBooks Online, and Xero to help put an end to cashflow problems. All right, so my last app news story is Xero and their latest updates. Xero has been kind of quiet with updates for the U.S.
With ADP Accountant Connect, you can process payroll and easily integrate payroll data to the popular accounting systems, like QuickBooks, Xero, and Sage, and handle their clients' needs anywhere, anytime. It's not QuickBooks versus Xero anymore. It's QuickBooks and Xero versus the world.
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. David Leary: [00:45:14] A lot of Botkeeper's things was "No, bank feeds suck in QuickBooks and Xero.
It has an easy-to-use dashboard, integrations with QuickBooks and Xero, and additional automated tools to serve the modern workforce. That's jetpackworkflow.com/freetemplates. __ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created?
OnPay includes deep integrations to benefit providers, workers' comp plans, QuickBooks, and Xero. So, how are these businesses gonna reopen if they can't bring people back to work because those people are sitting at home collecting fat checks? Retail rent collection plunges to 58 percent in April." Blake Oliver: [00:43:43] Wow.
The AICPA had another one of their weekly webinars. David Leary: [00:23:08] So, Xero, they had their blog post of some new features that were in Xero. You can do one thing in QuickBooks, and you can do it in Xero; one thing in Xero, you can do it in QuickBooks. Now, Xero, you can email a bill to Xero.
Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: [link] Subscribe Apple Podcasts: [link] Podchaser: [link] Spotify: [link] Google Play: [link] Stitcher: [link] Overcast: [link] Classifieds Xero: A Comprehensive Guide for Accountants and Bookkeepers Realize Accountant Community: (..)
PayPie integrates with QuickBooks Online, and Xero to help put an end to cashflow problems. Just like we've been talking, Xero, Intuit, QuickBooks, they gotta become banks because the banks are heading towards the accounting package, as well. [00:05:57] Wave had a big announcement this week. It was up on Twitter. They're out.
Sponsors AccountingSuite: [link] LivePlan Bootcamp: [link] BQE CORE: [link] Show Notes 04:33 – One of this week's voicemail messages – Shana 06:40 - Increase your restaurant profits by tracking fiscal weeks in QuickBooks Online Advanced – Intuit QuickBooks 08:16 - Xero and TriNet provide full-service HR solutions to U.S.
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%
So, what we'll probably see is, in Intuit's numbers, and in Xero's numbers, and probably FreshBooks' numbers, all these entry-level accounting-package numbers, you're gonna probably see a bump in the numbers because when people can't get jobs, they start businesses because you have no other option. I was thinking about this TradeGecko thing.
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. Blake Oliver: [00:23:20] Xero has released a chart of accounts templates in Xero HQ.
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