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 AccountingConferences.com 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 codeshttps://venturebeat.com/2021/04/07/blue-dot-raises-32m-for-ai-that-helps-companies-comply-with-tax-codes/
 
48:50 – How Per Diem Payments Can Simplify Your Accounting and Taxeshttps://finance.yahoo.com/news/per-diem-payments-simplify-accounting-134500596.html



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