The Accounting Podcast

PPP is out of money and the IRS is out of ink for the printers. Meanwhile, Biden's plan to fund the IRS would also give the agency authority to regulate tax preparers. We review Accounting Today's list of top firms for technology, and pontificate on which tasks knowledge workers dread the most. In app news, Bill.com is buying Divvy for $2.5 billion, and Veryfi raises $12 million. Meanwhile, Chime can no longer call itself a bank, and FloQast has created a coloring book and a 12-minute guided meditation to relieve the stress our friends are caught up in during busy season. Ommmm.

Show Notes

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Show Notes

5:22 – SBA stops accepting new PPP applications from most lenders as general funds run out
https://www.journalofaccountancy.com/news/2021/may/sba-stops-accepting-most-new-ppp-applications-funds-run-out.html
 
Paycheck Protection Program Closes to Most Applicants - The New York Times
https://www.nytimes.com/live/2021/05/04/business/stock-market-today
 
6:11 – SBA unveils initial Restaurant Revitalization Fund results
https://www.journalofaccountancy.com/news/2021/may/sba-restaurant-revitalization-fund-initial-results.html
 
8:09 – IRS employees say ‘out of ink’ printers are delaying tax returns
https://money.yahoo.com/irs-employees-say-out-of-ink-printers-are-delaying-tax-returns-171522801.html

9:48 – Biden plan would give IRS authority to regulate tax preparers
https://www.accountingtoday.com/news/biden-plan-would-give-irs-authority-to-regulate-tax-preparers
 
13:03 – The Best Firms for Technology for 2021
https://www.accountingtoday.com/list/the-best-firms-for-technology-for-2021
 
19:25 – Knowledge workers' most dreaded tasks
https://zapier.com/blog/most-dreaded-tasks
 
23:34 – Bill.com Adds Divvy to Back-Office Solutions
https://www.cfo.com/applications/2021/05/bill-com-adds-divvy-to-back-office-solutions/
 
24:17 – Bill.com to Acquire Divvy, a Leader in Spend Management for SMBs
https://www.businesswire.com/news/home/20210506006169/en/Bill.com-to-Acquire-Divvy-a-Leader-in-Spend-Management-for-SMBs
 
25:39 – David elaborates on the core value of Bill.com 
 
29:13 – Divvy Joining forces with Bill.com 
https://getdivvy.com/blog/joining-forces-with-bill-com/
 
37:48 – Metric of the Month: T&E Expense Reimbursements - CFO
https://www.cfo.com/expense-management/2021/05/metric-of-the-month-total-cost-to-process-te-reimbursements/
 
42:53 – Accountant view: Move from Intuit Online Payroll to QuickBooks Online Payroll 
https://quickbooks.intuit.com/learn-support/en-us/accounting/accountant-view-move-from-intuit-online-payroll-to-quickbooks/00/863888
 
46:52 – Veryfi Raises $12 Million To Use AI to Tackle The Unstructured Data Entry Market
https://www.forbes.com/sites/rebeccaszkutak/2021/04/26/veryfi-raises-12-million-to-use-ai-to-tackle-the-unstructured-data-entry-market/

50:17 – Chime Stops Using Word 'Bank' After Pushback
https://www.pymnts.com/legal/2021/chime-stops-using-word-bank-after-regulator-pushback/
 
53:12 – FloQast releases accounting coloring book ahead of Tax Day
https://www.accountingtoday.com/news/floqast-releases-accounting-coloring-book-and-guided-meditation-ahead-of-tax-day


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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.