The Accounting Podcast

Today, we're scaling back the tax talk, talking only about how Biden wants $80 billion for the IRS, and how non-GAAP is back, baby! Then, we move on to copious amounts of app news. We'll hit on the brief but heart-stopping QuickBooks Online Payroll outage, how Expensify is filing for an IPO, acquisitions, and raises, including the Stripe acquisition of TaxJar, and Brex's $425 million raise. We've got updates from Xero, and Square, and more!

Show Notes

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Show Notes

4:24 – Biden to propose tax hikes, $80B for audits of rich
https://www.accountingtoday.com/articles/biden-to-propose-tax-hikes-80b-for-audits-of-rich
  
7:36 – U.S. companies went right back to heavy use of nonstandard accounting metrics during the pandemic
https://www.marketwatch.com/story/u-s-companies-went-right-back-to-heavy-use-of-non-standard-accounting-metrics-during-the-pandemic-11619550987
 
11:30 – Under Armour Paying $9 Million to Resolve SEC Accounting Probe
https://www.wsj.com/articles/under-armour-paying-9-million-to-resolve-sec-accounting-probe-11620079991
 
13:21 – QuickBooks Payroll sufferers outage on Friday morning … many employees never got their direct deposit
https://www.theverge.com/2021/4/30/22412349/quickbooks-issue-missed-direct-deposit-paychecks
 
16:25 – Financial impact of COVID-19 revealed in QuickBooks analysis of 1 million small businesses
https://quickbooks.intuit.com/r/coronavirus/small-business-recovery/
 
22:18 – Expensify Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering
https://www.businesswire.com/news/home/20210503005265/en/Expensify-Announces-Confidential-Submission-of-Draft-Registration-Statement-for-Proposed-Initial-Public-Offering
 
23:11 – Stripe buys TaxJar
https://techcrunch.com/2021/04/27/stripe-acquires-taxjar-to-add-cloud-based-automated-sales-tax-tools-into-its-payments-platform/amp/?__twitter_impression=true 
 
More about TaxJar
https://stripe.com/partners/taxjar
 
TaxJar will be joining Stripe to help build the world’s tax compliance infrastructure
https://blog.taxjar.com/taxjar-will-be-joining-stripe-to-help-build-the-worlds-tax-compliance-infrastructure/
 
24:34 – Brex raises $425M at a $7.4B valuation, as the corporate spend war rages on
https://techcrunch.com/2021/04/26/brex-raises-425m-at-a-7-4b-valuation-as-the-corporate-spend-war-rages-on/
 
Brex massive raise …
https://www.businessinsider.com/brex-raises-mega-round-doubles-down-on-finance-management-2021-4
 
24:49 – Brex Unveils All-In-One Financial Solution For Businesses
https://www.businesswire.com/news/home/20210426005625/en/Brex-Unveils-All-In-One-Financial-Solution-For-Businesses#.YIcUHNRGTfg.whatsapp
 
25:18 – Brex Premium, our Series D, and the future of Brex as all-in-one finance
https://medium.com/building-brex/brex-premium-our-series-d-and-the-future-of-brex-as-all-in-one-finance-1ad40690edde
 
29:35 – OnDeck Markets First ABS Since Purchase by Subprime Lender Enova
https://www.washingtonpost.com/business/on-small-business/ondeck-markets-first-abs-since-purchase-by-subprime-lender-enova/2021/04/26/80919a32-a6a6-11eb-a8a7-5f45ddcdf364_story.html
  
31:14 – Latest product news – May 2021
https://www.xero.com/blog/2021/05/latest-product-news-may-2021/
 
34:06 – ACH payments on Invoices via Square
https://www.pymnts.com/news/payment-methods/2021/businesses-can-accept-ach-payments-via-square-invoices/
 
36:20 – The robots are coming UiPath is Europe’s most successful tech export since Spotify
https://www.economist.com/business/2021/04/22/uipath-is-europes-most-successful-tech-export-since-spotify
 
37:20 – How UiPath Turned Into A $37 Billion Powerhouse
https://www.forbes.com/sites/tomtaulli/2021/05/01/how-uipath-turned-into-a-37-billion-powerhouse/?sh=6e1e53d62e40
 
37:40 – Heirlume raises 1.38 million
https://techcrunch.com/2021/04/30/heirlume-raises-1-38m-to-remove-the-barriers-of-trademark-registration-for-small-businesses/
 
40:39 – New & Improved in FreshBooks: Income Importer, Dashboard Widgets, and More
https://www.freshbooks.com/blog/product-updates-april-2021


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Creators and 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 most authoritative voice in accounting news. Every week, Blake Oliver and David Leary break down the stories reshaping the profession — AI, the Big Four, firm M&A, audit failures, and the talent crisis — with analysis you won't get from the trade press. Earn free NASBA-approved CPE just for listening, with the Earmark app.