The Accounting Podcast

Feeling dazed, and confused? We've got a lot of news this week to level you out! We're talking about our recent trip to AICPA Engage, the accounting knowledge super-spreader event of the year, and more accounting conference announcements. Then, we'll dive into all things SBA, and PPP. If that wasn't enough, we've got news on the IRA front, including updates on how IRAs are maybe being abused or misused, and how you can avoid paying taxes on crypto mining from inside of an IRA. We've got survey-related proof that texting with clients is a winning strategy, and we'll also talk about all the stuff that just doesn't f***ing matter to entrepreneurs (and how it can help you market better). If your mellow is still harshed, we've got news on Matthew McConaughey's investment in employee management & payroll app Homebase, and app news, including Xero's 11 hour outage, a new way to use apps in Zoom, FreshBooks updates, and Odoo's $215M raise. Clearly, you'll need snacks!

Show Notes

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Show Notes

2:00 – A rundown of our visit to AICPA Engage in Vegas, plus news on some other upcoming events. You can find out more about the latest, greatest accounting conferences here: https://accountingconferences.com
 
12:00 – SBA Announces Opening of Paycheck Protection Program Direct Forgiveness Portal
https://www.sba.gov/article/2021/jul/28/sba-announces-opening-paycheck-protection-program-direct-forgiveness-portal
 
12:17 – Small Business Administration to Revamp PPP Forgiveness in Bid to End Historic Program
https://www.politico.com/news/2021/07/27/paycheck-protection-program-ending-501046
 
13:49 – Nearly 500 taxpayers had over $150M in their IRAs
https://www.accountingtoday.com/news/nearly-500-taxpayers-had-over-150m-in-their-iras
 
16:53 – New IRA product allows for tax-free Bitcoin mining
https://www.accountingtoday.com/articles/new-ira-product-allows-for-tax-free-bitcoin-mining
 
21:02 – Fed's Brainard: Can't wrap head around not having U.S. central bank digital currency
https://reut.rs/3ygDh7S
 
23:10 – Tether Executives Said to Face Criminal Probe into Bank Fraud
https://www.bloomberg.com/news/articles/2021-07-26/tether-executives-said-to-face-criminal-probe-into-bank-fraud
 
24:40 – 74% of Consumers Prefer Texting with Businesses if a Real Person is Texting Back
https://smallbiztrends.com/2021/07/customers-prefer-texting-business-real-people.html
 
27:16 – Small businesses face bookkeeping challenges, overdue invoices during pandemic
https://www.accountingtoday.com/news/small-businesses-face-bookkeeping-challenges-overdue-invoices-during-pandemic
 
32:17 – It doesn’t fucking matter
https://medium.com/@thedannorris/it-doesnt-fucking-matter-391a399c7caa
 
40:11 – Homebase raises $71M for a team management platform aimed at SMBs and their hourly workers – TechCrunch
https://techcrunch.com/2021/07/29/homebase-raises-71m-for-a-team-management-platform-aimed-at-smbs-and-their-hourly-workers/
 
43:40 – Xero says accounting software users were locked out by login glitch, not nefarious deeds
https://www.theregister.com/2021/07/28/xero_login_glitch_resolved/
 
45:42 – New & Improved in FreshBooks: Advanced Client Search, KeyPay Payroll, and More
https://www.freshbooks.com/blog/product-updates-july-2021
 
46:40 – Sage Q3 2021 Results
https://www.sage.com/investors/financial-information/results/
 
47:41 – Introducing Zoom Apps: Use the Apps You Love, Right in Zoom
https://blog.zoom.us/start-using-zoom-apps/
 
48:47 – PandaDoc for Zoom
https://marketplace.zoom.us/apps/hHK3qVpjTCycz2xXS249gA
 
50:22 – Summit invests $215M into Odoo, an open-source business management software developer, at a $2.3B+ valuation
https://techcrunch.com/2021/07/29/summit-invests-215m-into-odoo-an-open-source-business-management-software-developer-at-a-2-3b-valuation/
 
51:12 – We’ve Got Reviews! Thanks, Smackramen, and Brianqzo! 


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


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Cover Art Image License - Author: Moody College of Communication Source: Matthew McConaughey and Scott Rice conversation with film director and screenwriter Jeff Nichols. Date: 1 October 2019, 09:30
Url:https://commons.wikimedia.org/wiki/File:Matthew_McConaughey_and_Scott_Rice_host_conversation_with_film_director_and_screenwriter_Jeff_Nichols._(48829043471).jpg

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.