The Accounting Podcast | Accounting for Coronavirus

Accounting for Coronavirus

March 2, 2020 / 54:46/E162

We've got a lot of news to keep you occupied this week, including how Shark Tank host, Barbara Corcoran, lost $400K due to invoice scam; Intuit's Q2 Earnings call & plans for Credit Karma; and how high housing costs contribute to the growth of remote work. We'll talk about Intuit partnering with Karbon for practice management, Revolut's plans to revolutionize banking in the United States, the best online banks for businesses, and what's new with QuickBooks Online. Then, we'll cover Pilot's new CFO services, the Drake Hosted outage, IRS confusion regarding virtual currency, how AI is coming for tax evaders, and the AICPA's thoughts on climate change.

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Show Notes

02:57 Shark Tank host Barbara Corcoran loses $400,000 in a scam - CNN
04:55 Email Scammers are Savvier, and More Successful than Ever - WSJ
07:51 Los Angeles is now the least affordable housing market - Housing Wire
10:59 SEC and PCAOB offer potential relief for audit firms in China amid coronavirus - Accounting Today
11:49 Under Armour is Investigated for Accounting Fraud - Yahoo! Finance
12:58 Intuit confirms that it is buying Credit Karma for $7.1B in cash and stock – TechCrunch
13:23 TurboTax's Bid to Buy Free Tax Prep Competitor Might Violate Antitrust Law, Experts Say - ProPublica
15:01 With Credit Karma, Intuit to boost personalization - Bank Innovation
16:02 How to Cancel Your Credit Karma Account If You Hate the Intuit Acquisition - Wirecutter
22:54 Intuit Corp (INTU) Q2 2020 Earnings Call Transcript - The Motley Fool
26:12 Intuit ProConnect and Karbon Ink Practice Management Partnership - AccountingWEB
28:05 Fintech firm Revolut bags $500 million in funding round led by TCV - CNBC
29:35 Best Online Business Banking for 2020 - Quicksprout
31:43 What's new in QuickBooks Online: February 2020 - QuickBooks
33:04 Misty Megia steps down as global head of QuickBooks ProAdvisor Program - Accounting Today
34:05 Pilot.com Launches Three New Products That Reach Beyond Bookkeeping - oaoa.com
38:31 Drake Software Status - Drake
41:17 IRS quietly deletes guideline that Fortnite virtual currency must be reported on tax returns - CNN
- IRS backtracks on whether video game currencies are taxable - The Verge
45:29 AI Comes to the Tax Code - WSJ
47:55 Accounting profession leaders call for action against climate change - Journal of Accountancy

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