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We hope you're enjoying your extended free trial of 2021! We've got lots of news to share in today's episode, including how Big 4 leaders reacted to the Capitol riot, and some tips and tricks on how to avoid being de-platformed (like a certain president). Plus, there's more news on the kickoff of PPP 2.0, stimulus payment issues, agent fees, and such. In app news, we'll talk about Pennylane's fundraising to build software plus an accounting service, the departure of a neobank, Azlo, Avalara's new Cloud Sales Tax Returns solution, and more. We'll take a "look" at BKD's film noir, "The Missing Deduction," examine what FASB plans to tackle, like Goodwill, in 2021, and unearth some other interesting accounting-related tidbits.
Show Notes
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Show Notes
3:28 - Accounting firm heads urge Congress to accept Electoral College results
3:37 - Firm leaders weigh in on storming of Capitol building
7:35 - Trump Loses Social Media Megaphone as Facebook, Twitch Act
10:38 - Why it's imperative to own your own marketing channels
13:41 - Employers cut 140K jobs in December, but added 2.3K in accounting
15:05 - A Week Into Full Brexit, the Pain for U.K. Businesses Has Arrived
17:00 - With Congress approving up to $284 billion to loans, small businesses can apply for Paycheck Protection starting Jan. 11
Date set for limited PPP reopening
17:40 - TurboTax and H&R Block say they have fixed the issues that prevented $600 stimulus checks from being paid out
18:32 - Treasury issues millions of second Economic Impact Payments by debit card | Internal Revenue Service
20:51- Banks Withhold Stimulus To Cover Overdraft Feeshttps://www.pymnts.com/bank-regulation/2021/banks-may-withhold-stimulus-checks-to-cover-overdraft-fees/
21:25 - Stimulus law may put disputes over PPP agent fees to rest for banks
24:15 - Ted Callahan announced as new accountant business leader for Intuit’s Small Business Self-Employed Group - Firm of the Future https://www.firmofthefuture.com/content/ted-callahan-announced-as-new-accountant-business-leader-for-intuits-small-business-self-employed-group/
25:52 - Pennylane raises $18.4 million for its accounting service https://techcrunch.com/2021/01/07/pennylane-raises-18-4-million-for-its-accounting-service/
30:21 - Avalara Unveils Cloud Sales Tax Returns Solution for Accounting Firms of All Sizes https://www.businesswire.com/news/home/20210107005090/en/Avalara-Unveils-Cloud-Sales-Tax-Returns-Solution-for-Accounting-Firms-of-All-Sizes
31:41 - Deloitte deal makes Tax Analysts’ law library publichttps://www.accountingtoday.com/news/deloitte-deal-makes-tax-analysts-law-library-public
33:05 - Go Forth and Azlohttps://www.azlo.com/blog/go-forth-and-azlo
39:00 - IRS overlooks billions in potential taxes from nonfilers
42:36 - BKD premieres film noir tax parody
45:18 - EY and Microsoft expand Xbox blockchain smart contract platform
https://www.accountingtoday.com/news/ey-and-microsoft-expand-xbox-blockchain-smart-contract-platform
46:33 - U.S. Accounting Standard-Setter Looks to Tackle Controversial Topics in 2021 https://www.wsj.com/articles/u-s-accounting-standard-setter-looks-to-tackle-controversial-topics-in-2021-11609434034
47:23 - Cost Versus Value: Is GAAP Obsolete?
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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.