The IRS Is Infrastructure

Lots and lots of news today, including the latest on the SBA's SVOG fail, why stimulus checks can't arrive faster, when there is still $1.3 billion in stimulus waiting to be distributed to taxpayers, and more talk about the IRS's constant state of being underfunded, and backlogged. We'll examine the implications around China creating its own cryptocurrency, review the Facebook's Global State of Small Business Survey, and dive into reasons why CFOs are more optimistic. We've also got conference updates from David, assorted acquisitions and funding rounds, and much more!

Show Notes

1:47 – Blake’s Discussion with Ed Karl, Vice President of Taxation at the AICPA
6:37 – Shutter Venue Operators Grant Snafu
7:45 – SBA SVOG Tweet
8:35 – Why Can’t Stimulus Checks Arrive Faster?
10:40 – Billions waiting in 2017 federal refunds
11:38 – China Creates Its Own Digital Currency, a First for Major Economy
18:29 – Pickup in CFO Optimism Continues in Q1
25:06 – Global minimum tax gains momentum
25:37 – IRS Program Summary by Budget Activity
27:47 – How to Collect $1.4 Trillion in Unpaid Taxes
30:15 – Blake’s Discussion with Ed Karl, Vice President of Taxation, AICPA
38:44 – Wealthiest Taxpayers Cheat IRS Out of $400 Billion a Year
More IRS Reading: 
173% Increase in IRS Correspondence Backlog
The IRS’s $3-Billion Problem
IRS Commissioner Chuck Rettig Response 
41:00 – An update about Xerocon 2021 | Xero Blog
41:20 – Sage Transform
43:10 – Check out for all the latest on ’21 conferences!
44:00 – Dallas firm buys provider of property tax data software
44:40 – Ramp Reaches Record-Setting $1.6B Valuation
46:48 – Blue Dot's AI Helps You Manage, Comply With Tax Accounting and Codes: Company Raises $31 Million— How It Works
47:12 – Blue Dot raises $32M for AI that helps companies comply with tax codes
48:50 – How Per Diem Payments Can Simplify Your Accounting and Taxes

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040

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