Big 4 Accounting Firms Take Big Stand

We hope you're enjoying your extended free trial of 2021! We've got lots of news to share in today's episode, including how Big 4 leaders reacted to the Capitol riot, and some tips and tricks on how to avoid being de-platformed (like a certain president). Plus, there's more news on the kickoff of PPP 2.0, stimulus payment issues, agent fees, and such. In app news, we'll talk about Pennylane's fundraising to build software plus an accounting service, the departure of a neobank, Azlo, Avalara's new Cloud Sales Tax Returns solution, and more. We'll take a "look" at BKD's film noir, "The Missing Deduction," examine what FASB plans to tackle, like Goodwill, in 2021, and unearth some other interesting accounting-related tidbits.

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Show Notes

3:28 - Accounting firm heads urge Congress to accept Electoral College results
 
3:37 - Firm leaders weigh in on storming of Capitol building
 
7:35 - Trump Loses Social Media Megaphone as Facebook, Twitch Act
 
10:38 - Why it's imperative to own your own marketing channels
 
13:41 - Employers cut 140K jobs in December, but added 2.3K in accounting
 
15:05 - A Week Into Full Brexit, the Pain for U.K. Businesses Has Arrived
 
17:00 - With Congress approving up to $284 billion to loans, small businesses can apply for Paycheck Protection starting Jan. 11
 
Date set for limited PPP reopening
                
17:40 - TurboTax and H&R Block say they have fixed the issues that prevented $600 stimulus checks from being paid out
 
18:32 - Treasury issues millions of second Economic Impact Payments by debit card | Internal Revenue Service
 
 
21:25 - Stimulus law may put disputes over PPP agent fees to rest for banks
 
24:15 - Ted Callahan announced as new accountant business leader for Intuit’s Small Business Self-Employed Group - Firm of the Future https://www.firmofthefuture.com/content/ted-callahan-announced-as-new-accountant-business-leader-for-intuits-small-business-self-employed-group/
 
25:52 - Pennylane raises $18.4 million for its accounting service https://techcrunch.com/2021/01/07/pennylane-raises-18-4-million-for-its-accounting-service/
 
 
31:41 - Deloitte deal makes Tax Analysts’ law library publichttps://www.accountingtoday.com/news/deloitte-deal-makes-tax-analysts-law-library-public
 
 
39:00 - IRS overlooks billions in potential taxes from nonfilers
 
42:36 - BKD premieres film noir tax parody
 
45:18 - EY and Microsoft expand Xbox blockchain smart contract platform
 
46:33 - U.S. Accounting Standard-Setter Looks to Tackle Controversial Topics in 2021 https://www.wsj.com/articles/u-s-accounting-standard-setter-looks-to-tackle-controversial-topics-in-2021-11609434034
 
47:23 - Cost Versus Value: Is GAAP Obsolete? 


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