Cloud Accounting Podcast

OCTOBER 18, 2019

Sponsors OnPay: [link] Show Notes 00:56 – How much pain has the Tax Cuts and Jobs Act caused? | 09:14 – Cruisin' on down the highway - QBO now offers mileage tracking | Insightful Accountant 09:57 – BQE Core is also offering mileage tracking | BQE 11:07 – David’s #1 prediction of 2019 comes true!

AR / AP

Cloud Accounting Podcast

NOVEMBER 12, 2019

12:39 – Benchmarking tools are splendid, but how do you know the data is solid? | Business Wire 23:14 – Bankifi is throwing down the Banking-as-a-Service gauntlet | Forbes 27:11 – Is another tax software company getting ready to bite the dust?

QuickBooks

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

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

Cloud Accounting Podcast

AUGUST 3, 2020

There's no alignment on any pieces of this - the tax breaks for businesses, stimulus checks, unemployment benefits. There's a form called Form 3115, which you file with your income tax return to change your accounting method from cash to accrual, vice versa. million in payroll in 2019. The Democrat plan has zero; zero of a $3.4

QuickBooks

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

Cloud Accounting Podcast

JUNE 23, 2020

If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. David Leary: [00:12:44] Yeah.

QuickBooks

Cloud Accounting Podcast

SEPTEMBER 22, 2020

15 tax returns – Journal of Accountancy 24:56 – Penalty relief may be available to those who miss Sept. 15 tax returns – Journal of Accountancy 24:56 – Penalty relief may be available to those who miss Sept. David Leary: [00:12:11] Which felt like a redo of May of 2019. Blake Oliver: [00:12:11] Yeah.

QuickBooks

Cloud Accounting Podcast

JUNE 8, 2020

AccountingWEB 06:57 - Racial Disparities and the Income Tax System – Tax Policy Center 09:07 - [OC] People Killed by Police Forces (Annual rate per 10 million people) - Reddit 11:28 - Police Unions And Civilian Deaths - NPR 12:41 - The Illusion of Race-Neutral Tax Policy - ITEP 13:41 - Executive at top U.S.

Tax

Cloud Accounting Podcast

SEPTEMBER 1, 2020

CPA Trendlines 42:18 – Does the US tax code favor automation? tax code actually favors automation, according to a new paper. When you add up all the taxes on labor – hiring people, employing people to do work – it ends up being about 28.5% Now, what is the tax rate on replacing those people with software, and equipment?

Payroll

Cloud Accounting Podcast

MAY 18, 2020

carat diamond ring for himself, a 2019 Rolls-Royce Wraith, $40,000 in child support. With OnPay's COVID-19 Resource Center, you'll have a one-stop shop for your up-to-date HR, and tax information. People are suing the bank because they've been holding the tax money. Apparently, he spent $1.5 It was a domino effect from there.

Payroll

Cloud Accounting Podcast

JUNE 28, 2020

If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. They need help with local tax issues. That just happens.

Bookkeeping

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

Cloud Accounting Podcast

JUNE 16, 2020

Then, talking about that whole QuickBooks Live type model of you get your tax and your bookkeeping all under one roof for one price type model, they've been heading down that way. No account minimums, no monthly fees, free instant payouts, built-in bookkeeping, mobile check deposit. billion in deposits in the Cash App?

QuickBooks

Cloud Accounting Podcast

AUGUST 17, 2020

Oh, we have to talk about the Trump payroll-tax deferral. This is another example of this, that basically they're going to help the Revolut Business customers reduce their tax bills and automate their company accounts. Let's talk about economics, payroll tax, the Trump executive actions. That was really crazy.

Payroll

Cloud Accounting Podcast

AUGUST 25, 2020

All right let's talk about what's going on with tax, IRS, payroll tax. I got a deposit from the IRS in my bank account for $32.12, and I thought, oh, no, is this my stimulus payment? million Americans are getting a tax refund interest. So, now, this makes me question- they obviously have my direct deposit info.

Accounting