The Accounting Podcast

Lots of news today, including reasons why the Dems in the Senate want to change up the PCAOB leadership, and how KPMG relaxes remote work policies to relieve remote work fatigue. There's also news about ongoing PPP and stimulus fraud investigations, and we'll talk crypto for a bit, discussing China's central bank ban that prohibits other Chinese institutions from crypto, take a look at how the US Federal Reserve is dipping it's toes in the crypto water. There's a ton of app news, including updates from Canopy, Square, Avalara, Revolut, and much more!

Show Notes

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Show Notes

5:41 – Warren, Sanders Urge SEC to Immediately Remove and Replace Members of the Public Company Accounting Oversight Board – YubaNet
https://yubanet.com/usa/warren-sanders-urge-sec-to-immediately-remove-and-replace-members-of-the-public-company-accounting-oversight-board/
 
7:11 – KPMG launches relaxed work policies to combat remote work fatiguehttps://www.accountingtoday.com/news/kpmg-launches-relaxed-work-policies-to-combat-remote-work-fatigue
 
12:47 – Congress Investigates PPP Fraud at Fintech Lenders BlueVine and Kabbagehttps://www.businessinsider.com/congress-investigates-ppp-fraud-at-fintech-lenders-bluevine-and-kabbage-2021-5
 
18:39 – IRS is trying to catch stimulus payment fraud, but billions may have been paid
https://www.accountingtoday.com/news/irs-is-trying-to-catch-stimulus-payment-fraud-but-billions-may-have-been-paid
 
20:34 – Digital Dollar Project to launch five U.S. central bank digital currency pilotshttps://www.reuters.com/business/finance/digital-dollar-project-launch-five-us-central-bank-digital-currency-pilots-2021-05-03/
 
24:03 – China bans financial, payment institutions from cryptocurrency business
https://www.reuters.com/technology/chinese-financial-payment-bodies-barred-cryptocurrency-business-2021-05-18/
 
26:24 – Opinion | Ban Cryptocurrency to Fight Ransomware
https://www.wsj.com/articles/ban-cryptocurrency-to-fight-ransomware-11621962831
 
28:33 – Is Bitcoin a Buy?
https://www.cfo.com/cash-management/2021/05/is-bitcoin-a-buy/
 
29:24 – Treasury calls for crypto transfers over $10K to be reported
https://www.accountingtoday.com/articles/treasury-calls-for-crypto-transfers-over-10-000-to-be-reported-to-irs
 
30:24 – 2021 Reader's Choice Awards: The Tech Getting Us Through the Pandemic
https://www.cpapracticeadvisor.com/accounting-audit/article/21215751/2021-readers-choice-awards-the-tech-getting-us-through-the-pandemic
 
34:19 – Step in the time machine and visit PCSAI.com – See for yourself! 
http://pcsai.com/
 
43:08 – IRS tests secure transcript technology for tax pros
https://www.accountingtoday.com/news/irs-tests-secure-transcript-technology-for-tax-pros

45:09 – Square may soon offer small-business checking and savings accounts, app code showshttps://www.bankingdive.com/news/square-small-business-checking-savings-accounts/600734/
 
46:05 – Avalara for Accountants is live
https://www.accountingtoday.com/news/avalara-for-accountants-is-live
 
47:45 – Revolut adds invoicing for SMBs as it builds out ‘financial super app’https://www.emarketer.com/content/revolut-adds-invoicing-smbs-builds-financial-super-app
 
49:55 – Bookkeep.com™ Secures $3.3 Million in Venture Financing led by Lerer Hippeau
https://bookkeep.com/bookkeep-secures-3-3-million-in-venture-financing/
 
51:16 – Bookkeeper360 Announces Integration with QuickBooks Online and Pay-as-you-go Accounting
https://www.prnewswire.com/news-releases/bookkeeper360-announces-integration-with-quickbooks-online-and-pay-as-you-go-accounting-301300723.html
 
52:59 – What's New in Sage Intacct's Release 2 2021
https://www.accttwo.com/blog/whats-new-in-sage-intaccts-release-2-2021
 
54:28 – Sage launches its first Sage Intacct data centre in Canada Channel Daily Newshttps://channeldailynews.com/news/sage-launches-its-first-sage-intacct-data-centre-in-canada/74091
 
54:59 – Got Tech Neck? Check this out! Tech Neck Prevention Tips
https://smallbiztrends.com/2021/05/tech-neck-prevention.html


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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.