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Kerfuffles abound this week with stimulus payments going out, and small businesses starting to fully reopen. The federal tax deadline has been extended to May, but tax pros aren't happy about it. The PPP deadline is likewise extended. In app news, BDO partners with Xero, ProAdvisors are up in arms about having to pay higher ACH fees, and a production payroll startup takes aim at payroll for the entertainment industry. In education, a study shows that CPA education is lagging behind tech, and even the CPA exam. Lastly, we investigate what's more difficult — the CPA exam, or the bar exam? All this and more in our latest episode.
Show Notes
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Show Notes
2:53 - U.S. Treasury has sent out $242B in stimulus checks so far
5:50 - More Than Half Of Small Businesses Have Reopened: Survey
10:10 - IRS postpones April 15 deadline - Journal of Accountancyhttps://www.journalofaccountancy.com/news/2021/mar/irs-postpones-april-15-tax-filing-deadline.html
14:39 - IRS to automatically process refunds on jobless-benefit payments
15:10 - House passes PPP deadline extension in 415-3 vote - Journal of Accountancyhttps://www.journalofaccountancy.com/news/2021/mar/ppp-application-deadline-extension-bill-gains-backing.html
House votes to extend PPP deadline until May 31
17:35 - Tax season turns into 'dumpster fire' for advisors, clients after stimulus bill passes
18:10 - SBA defers repayment of disaster loans until 2022
20:27 - BDO and Xero join forces in global agreement | Xero Bloghttps://www.xero.com/blog/2021/03/bdo-and-xero-join-global-agreement/
BDO becomes first Xero Global Partner
22:42 - Changes Rolling Out to QuickBooks Payments - insightfulaccountant.comhttps://www.intuitiveaccountant.com/payroll-merchant-services/changes-rolling-out-to-quickbooks-payments/
24:43 - The Revolt Against the 30% Mafia. When did Big Tech gatekeepers from Apple to DoorDash decide they were entitled to a third of the internet’s sales?
31:18 - Trullion Announces Real-Time, AI-Powered Accounting Platform, Secures Seed Financing
https://www.businesswire.com/news/home/20210316005168/en/Trullion-Announces-Real-Time-AI-Powered-Accounting-Platform-Secures-Seed-Financing
https://www.businesswire.com/news/home/20210316005168/en/Trullion-Announces-Real-Time-AI-Powered-Accounting-Platform-Secures-Seed-Financing
32:25 - What's new in Sage Intacct's Release 1 2021
34:00 - Stripe: $95B After New $600M Funding Round
34:55 - Squarespace Raises $300 Million Investment Round at $10 Billion Valuation
35:23 - Jeffrey Katzenberg’s WndrCo, Michael Ovitz Invest in Production Payroll Startup Wrapbook as Part of $27M Round
Wrapbook Talks Entertainment Industry Payroll
38:10 - College accounting programs not covering emerging topics: AICPA/NASBA report
42:13 - Which is more difficult: The CPA Exam or the Bar?
48:54 - Risky trading targeted in Democrat proposal for financial transaction tax
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