The Accounting Podcast

Apparently April showers bring lots of accounting news! We've got the latest on the SBA's SVOG portal reopening, and legislation introduced to fix PPP loan inequity. We'll hit on more IRS news, including (quelle surprise) how the IRS is way behind on processing tax returns, why Biden's agenda relies on the IRS, one big 1099 change for gig workers, and why Florida finally started collecting sales tax from out-of-state sellers. In more random news, we're exploring Netflix's foray into training production accountants, the state of the workday, what the House passing a bill to create safe harbor for cannabis banking means, and your brain on Zoom. We'll also discuss the various reasons business owners want to hire bookkeepers (and how knowing that will help your marketing). If that weren't enough, we've got a plethora of app news for you to chew on, including integrations, investments, feature rollouts, and much, much more!

Show Notes

Sponsors

Uncat: https://cloudaccountingpodcast.promo/uncat
MarginDriver: https://cloudaccountingpodcast.promo/margindriver
Odoo: https://cloudaccountingpodcast.promo/odoo


Show Notes

2:22 – SBA to reopen Shuttered Venue Operators Grant portal Saturday
https://www.journalofaccountancy.com/news/2021/apr/sba-reopen-shuttered-venue-operators-grant-portal-april-24.html
 
Shuttered Venue Operators Grant portal begins accepting applications - Journal of Accountancy
https://www.journalofaccountancy.com/news/2021/apr/sba-reopen-shuttered-venue-operators-grant-portal-april-24.html
 
SBA offers targeted advances to small businesses
https://www.accountingtoday.com/news/sba-offers-targeted-advances-to-small-businesses-and-tries-again-on-shuttered-venue-program
 
5:23 – Lawmakers push PPP revamp as funding lapse looms
https://www.politico.com/news/2021/04/20/congress-ppp-funding-483803
 
7:06 – IRS is holding over 29 million tax returns, delaying refunds for many poorer Americans
https://money.yahoo.com/irs-holds-over-29-million-tax-returns-delaying-refunds-192532885.html
 
10:33 – Biden’s Big Agenda Relies on a Shrunken, Strained Agency: The IRS
https://www.wsj.com/articles/biden-agenda-relies-on-shrunken-strained-irs-11618928830
 
13:20 – IRS sees delays in tax refunds and quarterly payments
https://www.accountingtoday.com/news/irs-sees-delays-in-tax-refunds-and-quarterly-payments
 
15:18 – Federal Stimulus Bill Has Huge Tax Change For Gig Workers
https://www.forbes.com/sites/lizfarmer/2021/03/12/federal-stimulus-bill-has-huge-tax-change-for-gig-workers/
 
17:35 – Controversy Erupts as Florida Follows Forty-Three States in Adopting Uncontroversial Tax Provision
https://taxfoundation.org/florida-online-sales-tax/
 
19:22 – We’ve got reviews!  Thank you, De (via Podchaser), JGBC, and Jedda88 (via Apple Podcasts)! 
 
21:34 – Netflix funds accounting program through CNM, NM Film Office » Albuquerque Journal
https://www.abqjournal.com/2383393/netflix-funds-accounting-program-through-cnm-nm-film-office-2.html
 
25:27 – House OKs Bill to Make Weed Banking Legal
https://www.cfo.com/regulation/2021/04/house-oks-bill-to-make-weed-banking-legal/
 
28:30 – Why we ditched our accounting software for a bookkeeper
https://zapier.com/blog/why-hire-a-bookkeeper
 
34:38 – Lumanu Talks Influencers' AR Challenges
https://www.pymnts.com/news/b2b-payments/2021/lumanu-content-creators-influencers-accounts-receivable/
 
36:23 – This is your brain on Zoom – TechCrunch
https://techcrunch.com/2021/04/21/this-is-your-brain-on-zoom/
 
38:21 – New Data Shows How American Workday is Getting Longer
https://smallbiztrends.com/2021/04/american-workday-getting-longer.html
 
43:13 – Our Workplace of the Future Strategy – Intuit®: Official Blog
https://www.intuit.com/blog/intuitlife/our-workplace-of-the-future-strategy/
 
46:45 – Bill.com Announces Integrations with Microsoft Dynamics 365
https://www.cpapracticeadvisor.com/small-business/news/21219374/billcom-announces-integrations-with-microsoft-dynamics-365
 
47:22 – Paymogy Invests In Invoice Stream For P2P Services
https://www.pymnts.com/news/b2b-payments/2021/paymogy-invests-in-invoice-stream-for-p2p-services/
 
48:20 – Pleo Debuts ‘Bills’ To Digitize SMB Invoicing
 https://www.pymnts.com/news/b2b-payments/2021/pleo-debuts-bills-to-digitize-smb-invoicing/
 
48:39 – Bank of America’s Complete AP Helps Transform A Company’s Accounts Payablehttps://newsroom.bankofamerica.com/content/newsroom/press-releases/2021/04/bank-of-america-s-complete-ap-helps-transform-a-company-s-accoun.html
 
50:00 – Deluxe Acquires First American Payments For $960M
https://www.pymnts.com/news/partnerships-acquisitions/2021/deluxe-signs-960-million-acquisition-deal-for-first-american-payments/
 
51:17 – Xero and Bookkeeper360 collaborate to help US small businesses navigate financial complexities
https://www.xero.com/blog/2021/04/xero-and-bookkeeper360-support-us-small-business/
 
54:30 – Square Announces New Inventory Management Features for Retailers
https://finance.yahoo.com/news/square-announces-inventory-management-features-160000767.html
 
55:40 – Avalara Buys DAVO To Boost Sales Tax Automation
https://www.pymnts.com/news/partnerships-acquisitions/2021/avalara-buys-davo-boost-sales-tax-automation-services/
 
56:37 – Deel Raises $156M For Remote Payroll Solution
https://www.pymnts.com/news/investment-tracker/2021/deel-raises-156m-for-remote-payroll-solution/
 
58:05 – Affirm To Buy Returnly For About $300 Million
https://www.pymnts.com/news/partnerships-acquisitions/2021/bnpl-firm-affirm-to-buy-returnly-for-about-300-million-in-cash-equity/


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


Need Accounting Conference Info? 

Check out our new website - accountingconferences.com


Limited edition shirts, stickers, and other necessities

TeePublic Store: http://cloudacctpod.link/merch


Subscribe

Classifieds
Xero: A Comprehensive Guide for Accountants and Bookkeepers
Realize Accountant Community: https://rlz.io
BKX Conference: https://bkx.com/tickets/
Future Firm: https://futurefirmaccelerate.com/
Accounting Podcast Network: https://accountingpodcastnetwork.com/

Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd  

Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the show notes for the link to get more info.

Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

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.