The Accounting Podcast

We just couldn't resist more talk about the IRS ... This week, we're examining how they may be losing up to $1 trillion per year due to tax cheats and a lack of tax collectors to go after them, and how the Biden budget might help, especially since a monthly Child Tax Credit is set to roll out this summer. In the shadow of Blake's discussion with AICPA's Ed Karl in Episode 22, we got lots of feedback from listeners expressing their frustration with the lack of answers! Meanwhile, the AICPA is protecting the CPA license from deregulation in West Virginia. In other news, ACH payments have a record quarter, PwC UK to allow 50% remote work, and there's more AICPA weigh-in on the subject of remote work. All that plus a ton of app news, including what's going on with Oracle NetSuite, a new niche app for truckers, and more!

Show Notes

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Show Notes

1:45 – The Interview with AICPA’s Ed Karl 
https://www.cloudaccountingpodcast.com/bonus222
 
Reviews – Thank you all! 
 
4:41Nels Larsen CPA via Podchaser
5:02The Finance Wizard via Apple Podcasts 
5:26Scott Scarano via Apple Podcasts
5:50Lolololoic via Apple Podcasts 
6:12ItsmeBeek via Apple Podcasts
 
7:15 – Anonymous Listener email about Episode 222 
 
11:56 – Legislative threat to CPA licensure stalls in West Virginia
https://www.journalofaccountancy.com/news/2021/apr/legislative-threat-to-cpa-licensure-stalls-in-west-virginia.html
 
20:18 – IRS Chief Says $1 Trillion in Taxes May Go Uncollected Each Year
https://www.wsj.com/articles/irs-chief-says-1-trillion-in-taxes-may-go-uncollectedeach-year-11618337765
 
21:41 – U.S. sues Trump ally Roger Stone, alleging he owes about $2 million in unpaid taxes
https://www.reuters.com/world/us/us-sues-trump-ally-roger-stone-alleged-nonpayment-federal-income-taxes-2021-04-16/
 
23:00 – Listener voicemail! Thank you, Ian Crook!
 
26:40 – ACH Network Hits 2.7 Billion Monthly Payments
https://www.pymnts.com/news/payment-methods/2021/ach-network-has-record-setting-quarter/
 
28:05 – IRS to roll out expanded Child Tax Credit on July 1
https://www.accountingtoday.com/news/irs-on-track-to-roll-out-expanded-child-tax-credit-on-july-1
 
29:50 – Biden Seeks 10% IRS Funding Hike to Spur More Audits of Wealthy
https://news.bloombergtax.com/daily-tax-report/biden-seeks-10-irs-funding-hike-to-spur-more-audits-of-wealthy
 
31:37 – More Listener Mail! Thank you, Amir Banihashemi! 
 
32:08 – Get your value-pricing refresher here! 
https://www.cloudaccountingpodcast.com/221
 
37:47 – This accounting firm will let staff choose start times — and clock off early in the summer
https://www.marketwatch.com/story/pwc-lets-u-k-based-staff-choose-start-times-and-clock-off-early-in-the-summer-11617275290
 
38:14 – Grant Thornton says almost 90% of staff want to work from home
https://www.fnlondon.com/articles/grant-thornton-says-almost-90-of-staff-want-to-work-from-home-20210407
 
38:53 – CPAs are humans, too: Workplace relationships matter 
https://blog.aicpa.org/2021/03/cpas-are-humans-too-workplace-relationships-matter-1.html
 
40:34 – Fully Remote Work Will Make You Less Happy
https://www.theatlantic.com/family/archive/2021/04/zoom-remote-work-loneliness-happiness/618473/
 
44:39 – The Latest Workplace Perk: Cash Bonuses for Taking Vacations
https://www.wsj.com/articles/the-latest-workplace-perk-cash-bonuses-for-taking-vacations-11617960601
 
46:58 – NetSuite Helps Organizations Capitalize on New Growth Opportunities
https://www.prnewswire.com/news-releases/netsuite-helps-organizations-capitalize-on-new-growth-opportunities-301267202.html
 
 48:44 – NetSuite Expands Commitment to Accounting Communityhttps://www.netsuite.com/portal/company/newsroom/netsuite-expands-commitment-to-accounting-community.shtml
 
49:55 – Google migrates from Oracle financial software to SAP 
https://www.zdnet.com/article/google-migrates-from-oracle-financial-software-to-sap/
 
51:08 – Grant Thornton releases controls testing app
https://www.accountingtoday.com/news/grant-thornton-releases-controls-testing-app
 
51:38 – Announcing TruckersBooksOnline: A Mobile Bookkeeping Management Services App for Owner/Operator Truckers 
https://www.einnews.com/pr_news/538425423/announcing-truckersbooksonline-a-mobile-bookkeeping-management-services-app-for-owner-operator-truckers
 
52:45 – New Investors Discover Tax Pitfalls of Robinhood and Other Trading Appshttps://www.wsj.com/articles/new-investors-discover-tax-pitfalls-of-robinhood-and-other-trading-apps-11618565406
 
56:02 – David wants to hear your thoughts! 


Get in Touch

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.