May The 17th Be With You This Tax Season

Kerfuffles abound this week with stimulus payments going out, and small businesses starting to fully reopen. The federal tax deadline has been extended to May, but tax pros aren't happy about it. The PPP deadline is likewise extended. In app news, BDO partners with Xero, ProAdvisors are up in arms about having to pay higher ACH fees, and a production payroll startup takes aim at payroll for the entertainment industry. In education, a study shows that CPA education is lagging behind tech, and even the CPA exam. Lastly, we investigate what's more difficult — the CPA exam, or the bar exam? All this and more in our latest episode.

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Show Notes

2:53 - U.S. Treasury has sent out $242B in stimulus checks so far
 
5:50 - More Than Half Of Small Businesses Have Reopened: Survey
 
 
14:39 - IRS to automatically process refunds on jobless-benefit payments
 
15:10 - House passes PPP deadline extension in 415-3 vote - Journal of Accountancyhttps://www.journalofaccountancy.com/news/2021/mar/ppp-application-deadline-extension-bill-gains-backing.html
 
House votes to extend PPP deadline until May 31
 
17:35 - Tax season turns into 'dumpster fire' for advisors, clients after stimulus bill passes
 
18:10 - SBA defers repayment of disaster loans until 2022
 
20:27 - BDO and Xero join forces in global agreement | Xero Bloghttps://www.xero.com/blog/2021/03/bdo-and-xero-join-global-agreement/
 
BDO becomes first Xero Global Partner
 
22:42 - Changes Rolling Out to QuickBooks Payments - insightfulaccountant.comhttps://www.intuitiveaccountant.com/payroll-merchant-services/changes-rolling-out-to-quickbooks-payments/
 
24:43 - The Revolt Against the 30% Mafia. When did Big Tech gatekeepers from Apple to DoorDash decide they were entitled to a third of the internet’s sales?
 
 
32:25 - What's new in Sage Intacct's Release 1 2021
 
34:00 - Stripe: $95B After New $600M Funding Round
 
34:55 - Squarespace Raises $300 Million Investment Round at $10 Billion Valuation
 
35:23 - Jeffrey Katzenberg’s WndrCo, Michael Ovitz Invest in Production Payroll Startup Wrapbook as Part of $27M Round
 
Wrapbook Talks Entertainment Industry Payroll
 
38:10 - College accounting programs not covering emerging topics: AICPA/NASBA report
 
42:13 - Which is more difficult: The CPA Exam or the Bar?
 
 
48:54 - Risky trading targeted in Democrat proposal for financial transaction tax


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