The Accounting Podcast

Pull up an ear and check out the latest accounting news for this week! We're talking about whether the IRS can make crypto any more confusing with its new 1040 crypto FAQ, and we'll do a rundown of what's important for accountants to know in the latest stimulus bill. Meanwhile, AICPA is calling for the SBA to change unfair PPP guidance, and calling for a tax filing deadline extension. In app news, we've got updates from FreshBooks, QuickBooks, Xero, and Square. Then, we'll dive into robotic process automation (RPA), thanks to a New York Times article, and we'll learn why Excel is the most important tool for at least one marijuana grower, and because munchies, we're going to travel to a Canadian burger joint that makes your meal choices expensable! All this, and more on today's episode!

Show Notes

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Show Notes

2:30 - Cryptocurrency Buys Are Not Reportable To The IRS
https://www.cointracker.io/blog/cryptocurrency-buys-are-not-reportable-to-the-irs
 
7:29 - What’s in the $1.9T stimulus bill passed by the Senate
https://www.accountingtoday.com/articles/whats-in-the-1-9t-stimulus-bill-passed-by-the-senate
 
13:47 - AICPA calls on SBA to change 'unfair' PPP guidance, deadline
https://www.journalofaccountancy.com/news/2021/mar/aicpa-calls-on-sba-to-change-unfair-ppp-guidance-deadline.html
 
16:05 - AICPA urges delay in tax deadline until June 15
https://www.accountingtoday.com/news/aicpa-urges-delay-in-tax-deadline-until-june-15
 
19:42 - FreshBooks, Salt Edge Team On Open Banking Tech
https://www.pymnts.com/news/b2b-payments/2021/freshbooks-teams-with-salt-edge-smb-open-banking-tech/
 
20:22 - QuickBooks launches all-new Business Account https://www.techradar.com/uk/news/quickbooks-launches-a-new-business-account-powered-by-fintech-modulr
 
20:36 - QuickBooks gets all Modulr with new business accounts  https://www.enterprisetimes.co.uk/2021/03/03/quickbooks-gets-all-modulr-with-new-business-accounts/
 
21:44 - Xero to buy Planday
https://www.accountingtoday.com/news/xero-to-buy-planday
 
25:33 – Why we’re securing your account with Multi-Factor Authentication
https://www.xero.com/blog/2021/03/introducing-xero-verify/
 
Xero – Further Reading 
 
https://www.planday.com/
 
Xero to acquire Planday to simplify workforce management and compliance https://www.xero.com/blog/2021/03/xero-to-acquire-planday/
 
Xero steps into workforce management space with $285m dealhttps://www.smh.com.au/business/small-business/xero-steps-into-workforce-management-space-with-285m-deal-20210304-p577s8.html
 
Xero buys Planday: Accounting software firms biggest ever deal creates four growth optionshttps://www.afr.com/chanticleer/xero-s-biggest-ever-deal-creates-four-growth-options-20210304-p577q6
 
What our new multi-factor authentication process means for Aussie customers https://www.xero.com/blog/2021/03/mfa-what-it-means-for-au-customers/
 
A message from Anna Curzon: What the Planday acquisition means for you https://www.xero.com/blog/2021/03/what-the-planday-acquisition-means-for-you/ 
 
28:06 - Countingup closes £9.1M for its business current account with built-in accounting features 
https://techcrunch.com/2021/03/04/countingup-series-a/
 
29:33 - Square acquires majority of Tidal, Jay-Z’s streaming service, in $297 million deal.
https://www.nytimes.com/2021/03/04/business/media/tidal-square-jay-z-dorsey.html
 
34:42 - The Robots Are Coming for Phil in Accounting - The New York Timeshttps://www.nytimes.com/2021/03/06/business/the-robots-are-coming-for-phil-in-accounting.html
 
​42:37 - Burger Restaurant Renames Menu So You Can Expense Items
https://www.ladbible.com/news/food-burger-restaurant-renames-menu-so-you-can-expense-items-20210221
 
43:54 - Indoor marijuana grower keeps strict schedule to maximize output, avoid bottlenecks
https://mjbizdaily.com/indoor-marijuana-grower-schedule-maximizes-output-and-avoids-bottlenecks/

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Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040

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Creators & Guests

Host
Blake Oliver
Founder and CEO of Earmark CPE
Host
David Leary
President and Founder, Sombrero Apps Company

What is The Accounting Podcast?

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.