Tax Evasion & Spreadsheets: A Lesson From Trump's CFO
Today, in news of the less-than-intelligent, we're talking about how someone's meticulous bookkeeping skills may lead to the downfall of the Trump Organization CFO. We're also discussing an analysis of the Biden tax plan, and qualities that make a good accounting firm partner. Meanwhile, not shockingly, cash payments dropped during the pandemic. In app news, Gusto makes its second acquisition, and algorithms at Chime and Amazon are doing not-very-nice things to regular people. All this and more, right here, right now!
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Show Notes
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Show Notes
4:48 – Trump Organization Is Charged With Running 15-Year Employee Tax Scheme
13:35 – June Job Report?
Employers added 850K jobs in June, including 2.8K in accounting
13:50– U.S. Job Openings Hit Record 9.2M in May
16:37 – SBA to Drop Its Review of PPP Loans of $2 Million and Above
https://www.inc.com/diana-ransom/small-business-administration-ppp-loan-necessity-questionnaire.html
19:45 – Biden Plan’s Higher Taxation of Businesses Would Boost Collections to Highest in 40-Plus Years
23:09 – Art of Accounting: Qualities that make someone a partner
https://www.accountingtoday.com/opinion/art-of-accounting-qualities-that-make-someone-a-partner
https://www.accountingtoday.com/opinion/art-of-accounting-qualities-that-make-someone-a-partner
25:48 – When Money Is No Object
29:48 – SURVEY: CPA Firms Reject Staff Vaccine Mandates
31:30 – EisnerAmper adds tech firm
33:35 – Sage X3 software vulnerability found, addressed
35:29 – Paycom Launches Beti, an Industry-First Employee-Driven Payroll Solution
https://www.businesswire.com/news/home/20210706005447/en/Paycom-Launches-Beti-an-Industry-First-Employee-Driven-Payroll-Solution
https://www.businesswire.com/news/home/20210706005447/en/Paycom-Launches-Beti-an-Industry-First-Employee-Driven-Payroll-Solution
38:59 – Welcoming Symmetry to Gusto
44:38 – New & Improved in FreshBooks: Recurring Revenue Widget, Reply-To Emails, and More
45:36 – Liberty Tax acquired by NextPoint
47:45 – PSA: Chime Banking App Is Closing Accounts and Withholding Peoples’ Money
https://www.reviewgeek.com/91482/psa-chime-banking-app-is-closing-accounts-and-withholding-peoples-money/
https://www.reviewgeek.com/91482/psa-chime-banking-app-is-closing-accounts-and-withholding-peoples-money/
A Banking App Has Been Suddenly Closing Accounts, Sometimes Not Returning Customers’ Money — ProPublica
51:52 – Fired by Bot at Amazon: ‘It’s You Against the Machine’
https://www.bloomberg.com/news/features/2021-06-28/fired-by-bot-amazon-turns-to-machine-managers-and-workers-are-losing-out
https://www.bloomberg.com/news/features/2021-06-28/fired-by-bot-amazon-turns-to-machine-managers-and-workers-are-losing-out
53:40 – Quote: “All your automated processes should start with a human interaction and end with a human interaction”
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Full Transcript Available Upon Request - info@cloudaccountingpodcast.com
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