The Accounting Podcast

We're celebrating the passing of the final official tax deadline of 2020 with a huge slew of news! We'll dive into what E&Y has in common with a string of imploding firms. Then we'll Zoom into a wide array of updates and features that will take the yawn factor out of videoconferencing, and enhance employee safety, and enable hybrid workforces. If you've been itching to travel, a new study reveals that it's nearly impossible to catch COVID on a plane. Venturing into other news, we'll talk about Robinhood, and the lack of security in many newer fintech players, and we look at Revolut's play to get a bank charter in Cali. Then, we'll round out the party with some IRS updates, PPP happenings, and we'll also see who's not charging for PPP services. All this, and party favors! Enjoy!

Show Notes

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Show Notes


03:35 – Reviews from Julie Sigety, CPA, Angela, and MarieP86! 
 
06:44 – String of Firms That Imploded Have Something in Common: Ernst & Young Audited Them
https://www.wsj.com/articles/string-of-firms-that-imploded-have-something-in-common-ernst-young-audited-them-11602863319
 
13:12 – New Zoom Enhancements to Help Customers Re-Enter the Office & Enable Hybrid Workforces
https://blog.zoom.us/new-zoom-enhancements-to-help-customers-re-enter-the-office-enable-hybrid-workforces/

18:00 – Introducing Zapps, Bringing Best-of-Breed Apps Into the Zoom Experience
https://blog.zoom.us/introducing-zapps-bringing-best-of-breed-apps-into-zoom/

18:24 – Bring Zoom Into Your Apps With Our Customizable SDK
https://blog.zoom.us/bring-zoom-into-your-apps-with-our-customizable-sdk/

18:54 – From The Folks Who Brought You Boring Meetings: CEOs Want To Ditch Sterile Zoom Calls
https://www.npr.org/2020/10/14/923428794/from-the-folks-who-brought-you-boring-meetings-ceos-want-to-ditch-sterile-zoom-c

23:11 – It's Almost Impossible to Get COVID-19 on an Airplane, New Military Study Suggests
https://www.military.com/daily-news/2020/10/15/its-almost-impossible-get-covid-19-airplane-new-military-study-suggests.html

26:53 – Report: Hackers Hit 2,000 Robinhood Accounts
https://www.pymnts.com/news/security-and-risk/2020/report-hackers-hit-2000-robinhood-accounts/

30:16 – What’s New in the Sage Intacct Release 3
https://www.accttwo.com/blog/whats-new-in-the-2020-sage-intacct-release-3

31:25 – BofA adds three new APIs to CashPro treasury producthttps://www.finextra.com/pressarticle/84422/bofa-adds-three-new-apis-to-cashpro-treasury-product

33:46 – European fintech giant Revolut is close to applying for a bank charter in California, sources say
https://www.cnbc.com/2020/10/12/european-fintech-giant-revolut-is-close-to-applying-for-a-bank-charter-in-california.html

35:55 – Square Introduces Terminal API For Payments
https://www.pymnts.com/api/2020/square-introduces-terminal-api-for-all-in-one-payments/

38:33 – TD Bank files lawsuit against Plaid, accusing it of trying to 'dupe' consumers
https://ca.finance.yahoo.com/news/td-bank-files-lawsuit-against-194530182.html

41:24 – Intuit QuickBooks achieves open banking milestone
https://www.accountantsdaily.com.au/technology/14942-intuit-quickbooks-achieves-open-banking-milestone

42:51 – QR codes added to IRS balance-due notices
https://www.accountingtoday.com/news/irs-adds-qr-codes-to-balance-due-notices

44:31 – Starling Bank small business customers get PayStream accounting platform as an option
https://www.techradar.com/uk/news/starling-bank-small-business-customers-get-paystream-accounting-platform-as-an-option

45:11 – Receipt Bank launches 'one place to pay' app
https://www.finextra.com/pressarticle/84473/receipt-bank-launches-one-place-to-pay-app

46:34 – Treasury encouraged banks to prioritize PPP loans for existing clients, hurting minority- and women-owned small businesses, House report says
https://www.cnbc.com/2020/10/16/treasury-encouraged-banks-to-prioritize-ppp-loans-for-existinG-clients.html

50:32 – Survey: Who’s Not Billing for PPP Services?
https://cpatrendlines.com/2020/10/12/more-than-1-in-5-accountants-are-not-charging-for-ppp-services/

53:19 – Wells Fargo terminates employees over potential COVID-19 relief fraud
https://www.foxbusiness.com/economy/wells-fargo-fires-employees-over-potential-covid-19-relief-fraud

55:01  – Voicemail!!  


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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 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.