Rubber Stamped Forgiveness for PPP Loans
We've got news! A lot of news! In this episode, we cover the latest on PPP forgiveness, the IRS's continuing lack of resources, and how they make it easier to audit the poor, while those with lots of cash, like the NRA's Wayne LaPierre, and John McAfee, software pioneer, are suspected of, and indicted for tax fraud. In the midst of, and beyond COVID, there's more news around remote work, and productivity, including how Microsoft is now allowing employees work from home 50% of the time, and Google is challenging Microsoft Office with a new version of G Suite, called Google Workspace. We cover app news, with updates on offerings from Gusto, Expensify, Avalara, Client Hub, and more, and talk about the recent Robinhood "potential" hackery, serious mystery software errors that plagued the state of Georgia, and more flaws in Excel affecting accurate reporting of COVID cases in the UK. All this and so much more!
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Show Notes
07:15 – Microsoft will let employees work from home half the time
https://www.cnbc.com/2020/10/09/microsoft-implements-new-hybrid-remote-work-policy.html
10:47 – SBA and Treasury simplify forgiveness of PPP loans under $50K+
https://www.accountingtoday.com/news/sba-and-treasury-simplify-forgiveness-of-ppp-loans-under-50k
https://www.cnbc.com/2020/10/09/microsoft-implements-new-hybrid-remote-work-policy.html
10:47 – SBA and Treasury simplify forgiveness of PPP loans under $50K+
https://www.accountingtoday.com/news/sba-and-treasury-simplify-forgiveness-of-ppp-loans-under-50k
11:47 – PPP forgiveness simplified for loans of $50,000 or less
https://www.journalofaccountancy.com/news/2020/oct/ppp-forgiveness-simplified-for-loans-50000-less.html
14:21 – IRS Investigating NRA’s Wayne LaPierre for Possible Tax Fraud
https://www.wsj.com/articles/irs-investigating-nras-wayne-lapierre-for-possible-tax-fraud-11601923467
15:46 – Software Pioneer John McAfee Indicted On Tax Charges
https://www.forbes.com/sites/kellyphillipserb/2020/10/05/software-millionaire-john-mcafee-indicted-on-tax-charges/#65df8ef72672
19:00 – IRS: Sorry, but It’s Just Easier and Cheaper to Audit the Poor
https://www.propublica.org/article/irs-sorry-but-its-just-easier-and-cheaper-to-audit-the-poor
21:20 – IRS Whittles Mail Backlog, Aims to Make Final Stimulus Payments
https://www.wsj.com/articles/irs-whittles-mail-backlog-aims-to-make-final-stimulus-payments-11602097587
23:20 – Robinhood Reports Potential Hacking Incident
https://www.pymnts.com/news/security-and-risk/2020/robinhood-reports-potential-hacking-incident/
29:12 – BoA Goes Micro With Consumer Loan Up To $500
https://www.pymnts.com/loans/2020/bank-of-america-goes-micro-with-consumer-loan-up-to-500-dollars/
30:04 – Introducing New Modern Benefits that Expand Access to Affordable Health Coverage and Put an End to Predatory Banking Practices
https://gusto.com/company-news/introducing-gusto-benefits-for-all
32:20 – Expensify introduces free vendor bill-pay
https://www.accountingtoday.com/news/expensify-introduces-free-vendor-bill-pay
36:58 – Tipalti valued at $2B+ after raising $150M for its accounting automation platform
https://siliconangle.com/2020/10/06/tipalti-valued-2b-raising-150m-accounting-automation-platform/
38:20 – Avalara acquires Transaction Tax Resources for $377M
https://www.accountingtoday.com/news/avalara-acquires-transaction-tax-resources-for-377m
42:26 – Accounting error costs Georgia, tax collections stay strong https://www.thetelegraph.com/news/article/Accounting-error-costs-Georgia-tax-collections-15626264.php
14:21 – IRS Investigating NRA’s Wayne LaPierre for Possible Tax Fraud
https://www.wsj.com/articles/irs-investigating-nras-wayne-lapierre-for-possible-tax-fraud-11601923467
15:46 – Software Pioneer John McAfee Indicted On Tax Charges
https://www.forbes.com/sites/kellyphillipserb/2020/10/05/software-millionaire-john-mcafee-indicted-on-tax-charges/#65df8ef72672
19:00 – IRS: Sorry, but It’s Just Easier and Cheaper to Audit the Poor
https://www.propublica.org/article/irs-sorry-but-its-just-easier-and-cheaper-to-audit-the-poor
21:20 – IRS Whittles Mail Backlog, Aims to Make Final Stimulus Payments
https://www.wsj.com/articles/irs-whittles-mail-backlog-aims-to-make-final-stimulus-payments-11602097587
23:20 – Robinhood Reports Potential Hacking Incident
https://www.pymnts.com/news/security-and-risk/2020/robinhood-reports-potential-hacking-incident/
29:12 – BoA Goes Micro With Consumer Loan Up To $500
https://www.pymnts.com/loans/2020/bank-of-america-goes-micro-with-consumer-loan-up-to-500-dollars/
30:04 – Introducing New Modern Benefits that Expand Access to Affordable Health Coverage and Put an End to Predatory Banking Practices
https://gusto.com/company-news/introducing-gusto-benefits-for-all
32:20 – Expensify introduces free vendor bill-pay
https://www.accountingtoday.com/news/expensify-introduces-free-vendor-bill-pay
36:58 – Tipalti valued at $2B+ after raising $150M for its accounting automation platform
https://siliconangle.com/2020/10/06/tipalti-valued-2b-raising-150m-accounting-automation-platform/
38:20 – Avalara acquires Transaction Tax Resources for $377M
https://www.accountingtoday.com/news/avalara-acquires-transaction-tax-resources-for-377m
42:26 – Accounting error costs Georgia, tax collections stay strong https://www.thetelegraph.com/news/article/Accounting-error-costs-Georgia-tax-collections-15626264.php
44:02 – Spill some tea! If you know which software was involved in the Georgia tax fiasco, do tell. Hit us up on Twitter, or LinkedIn. Inquiring accountants want to know!
46:02 – Botched Excel import may have caused loss of 15,841 UK COVID-19 cases
https://arstechnica.com/tech-policy/2020/10/excel-glitch-may-have-caused-uk-to-underreport-covid-19-cases-by-15841/
48:41 – Introducing Client Hub Frictionless Workflow
https://blog.clienthub.app/frictionlessworkflow/
49:27 – This is Google's new plan to take on Microsoft Office - Latest News
https://timesofindia.indiatimes.com/gadgets-news/this-is-googles-new-plan-to-take-on-microsoft-office/articleshow/78533493.cms
52:08 – Japanese Startup Surges 300% on Demand for Cloud-Based Accounting
https://finance.yahoo.com/news/japan-startup-surges-300-demand-200000131.html
54:10 – Square stock gains after company purchases $50 million in bitcoin
https://www.marketwatch.com/story/square-stock-gains-after-company-purchases-50-million-in-bitcoin-11602164665
56:45 – EY Changes Its Vacation Policy, Oh and BTW They’re Not Paying Out Accrued PTO If You “Leave”
https://www.goingconcern.com/ey-flexible-vacation-policy-pto/
https://arstechnica.com/tech-policy/2020/10/excel-glitch-may-have-caused-uk-to-underreport-covid-19-cases-by-15841/
48:41 – Introducing Client Hub Frictionless Workflow
https://blog.clienthub.app/frictionlessworkflow/
49:27 – This is Google's new plan to take on Microsoft Office - Latest News
https://timesofindia.indiatimes.com/gadgets-news/this-is-googles-new-plan-to-take-on-microsoft-office/articleshow/78533493.cms
52:08 – Japanese Startup Surges 300% on Demand for Cloud-Based Accounting
https://finance.yahoo.com/news/japan-startup-surges-300-demand-200000131.html
54:10 – Square stock gains after company purchases $50 million in bitcoin
https://www.marketwatch.com/story/square-stock-gains-after-company-purchases-50-million-in-bitcoin-11602164665
56:45 – EY Changes Its Vacation Policy, Oh and BTW They’re Not Paying Out Accrued PTO If You “Leave”
https://www.goingconcern.com/ey-flexible-vacation-policy-pto/
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