Cloud Accounting Podcast

MARCH 21, 2020

David Leary: [00:02:39] So, last week, all this tax change, and deadlines, and all these things kept coming out, and I was like, "Oh, I should get Kelly on again." She writes for Forbes, and she writes for Bloomberg Tax. This hasn't been finalized yet," from the tax situation. I regale them with tax stories.

Tax 40

Tax Billing Payroll Bookkeeping 40

Cloud Accounting Podcast

JULY 7, 2020

I've got follow up on Wirecard, the Ernst & Young audit that apparently did not detect $2 billion in money that was missing. David Leary: [00:04:18] I've got some Wirecard, as well. Blake Oliver: [00:04:19] IRS news, appropriate for Tax Day coming up. 2 Was Key to the Firm’s Rapid Rise. . - PPP, of course, is still in the news.

Tax 40

Tax Auditing Deposits Accounting 40

Cloud Accounting Podcast

MARCH 30, 2020

I send it to ADP to do the direct deposits, and when they shoot out those direct deposits, they're adding in that extra 1,200 bucks, or whatever the proper amount is that's from the government [crosstalk] the accounts. I guess it's through payroll tax credits. So, you're gonna send less payroll tax money to the government.

Accounting 40

Accounting Accounting Payroll Billing 40

Cloud Accounting Podcast

APRIL 6, 2020

They have 60 million direct deposits they can do. Probably information from your tax return and your Social Security number. David Leary: [00:13:21] I was listening to a podcast with somebody who worked in the 2008 banking crisis, and he was in charge of rolling out the stimulus money for that. It's not that difficult.

Payroll 40

Payroll QuickBooks Tax Bookkeeping 40

Cloud Accounting Podcast

APRIL 27, 2020

David Leary: [00:13:00] Do you think if it wasn't for PPP and the loan situations - because tax season kinda got delayed - do you think it'd be less? Well, yeah, I think the tax season and PPP together create this really difficult situation. The last stimulus, in 2008, it was twice that. It's dead in the month of July, right?

Accounting 40

Accounting Accounting Deposits Tax 40

Cloud Accounting Podcast

MAY 26, 2020

Paycheck Protection Program, CARES Act, unemployment insurance, furloughs, layoffs, cash flow, CDC guidance, employee safety, paid leave, tax credits - tracking all of the constantly changing COVID-19-related information for your clients is getting overwhelming. They just wait longer and longer and longer in the tax season.

XERO 40

XERO Accounting Accounting QuickBooks 40