IRS Can't Afford to Collect Taxes, Says IRS Chief Rettig

We just couldn't resist more talk about the IRS ... This week, we're examining how they may be losing up to $1 trillion per year due to tax cheats and a lack of tax collectors to go after them, and how the Biden budget might help, especially since a monthly Child Tax Credit is set to roll out this summer. In the shadow of Blake's discussion with AICPA's Ed Karl in Episode 22, we got lots of feedback from listeners expressing their frustration with the lack of answers! Meanwhile, the AICPA is protecting the CPA license from deregulation in West Virginia. In other news, ACH payments have a record quarter, PwC UK to allow 50% remote work, and there's more AICPA weigh-in on the subject of remote work. All that plus a ton of app news, including what's going on with Oracle NetSuite, a new niche app for truckers, and more!

Show Notes

1:45 – The Interview with AICPA’s Ed Karl 
Reviews – Thank you all! 
4:41 – Nels Larsen CPA via Podchaser
5:02 – The Finance Wizard via Apple Podcasts 
5:26 – Scott Scarano via Apple Podcasts
5:50 – Lolololoic via Apple Podcasts 
6:12 – ItsmeBeek via Apple Podcasts
7:15 – Anonymous Listener email about Episode 222 
20:18 – IRS Chief Says $1 Trillion in Taxes May Go Uncollected Each Year
21:41 – U.S. sues Trump ally Roger Stone, alleging he owes about $2 million in unpaid taxes
23:00 – Listener voicemail! Thank you, Ian Crook!
26:40 – ACH Network Hits 2.7 Billion Monthly Payments
28:05 – IRS to roll out expanded Child Tax Credit on July 1
29:50 – Biden Seeks 10% IRS Funding Hike to Spur More Audits of Wealthy
31:37 – More Listener Mail! Thank you, Amir Banihashemi! 
32:08 – Get your value-pricing refresher here! 
37:47 – This accounting firm will let staff choose start times — and clock off early in the summer
38:14 – Grant Thornton says almost 90% of staff want to work from home
38:53 – CPAs are humans, too: Workplace relationships matter 
44:39 – The Latest Workplace Perk: Cash Bonuses for Taking Vacations
46:58 – NetSuite Helps Organizations Capitalize on New Growth Opportunities
49:55 – Google migrates from Oracle financial software to SAP 
51:08 – Grant Thornton releases controls testing app
51:38 – Announcing TruckersBooksOnline: A Mobile Bookkeeping Management Services App for Owner/Operator Truckers 
52:45 – New Investors Discover Tax Pitfalls of Robinhood and Other Trading Apps
56:02 – David wants to hear your thoughts! 

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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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