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!


Show Notes

07:15 – Microsoft will let employees work from home half the time

10:47 – SBA and Treasury simplify forgiveness of PPP loans under $50K+ 

11:47 – PPP forgiveness simplified for loans of $50,000 or less

14:21 – IRS Investigating NRA’s Wayne LaPierre for Possible Tax Fraud

15:46 – Software Pioneer John McAfee Indicted On Tax Charges

19:00 – IRS: Sorry, but It’s Just Easier and Cheaper to Audit the Poor

21:20 – IRS Whittles Mail Backlog, Aims to Make Final Stimulus Payments

23:20 – Robinhood Reports Potential Hacking Incident

29:12 – BoA Goes Micro With Consumer Loan Up To $500

30:04 – Introducing New Modern Benefits that Expand Access to Affordable Health Coverage and Put an End to Predatory Banking Practices

32:20 – Expensify introduces free vendor bill-pay

36:58 – Tipalti valued at $2B+ after raising $150M for its accounting automation platform

38:20 – Avalara acquires Transaction Tax Resources for $377M

42:26 – Accounting error costs Georgia, tax collections stay strong 

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

48:41 – Introducing Client Hub Frictionless Workflow

49:27 – This is Google's new plan to take on Microsoft Office - Latest News

52:08 – Japanese Startup Surges 300% on Demand for Cloud-Based Accounting

54:10 – Square stock gains after company purchases $50 million in bitcoin

56:45 – EY Changes Its Vacation Policy, Oh and BTW They’re Not Paying Out Accrued PTO If You “Leave”

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