The Cost of Busy Season Burnout

Kristen Keats, CPA, founder of Breakaway Bookkeeping & Advising, joins the show to talk about busy season burnout, KPMG Canada's new foray into outsourced accounting with "KPMG Finance Plus," along with updates on the Restaurant Revitalization Fund, and Child Tax Credit expansion. We'll also talk about the AICPA's advocacy for tax penalty relief, whether or not the Biden IRS will come after your clients, Elizabeth Warren's opinions about the tax prep industry, the latest opportunities for automation in audit, and more!

1:12 – Welcome Kristen Keats, founder of Breakaway Bookkeeping & Advising, and practice owner at Sherwood Tax & Accounting

12:17 – David’s Rant of the Week – Virtual conferences suck

16:45 – REVIEW!  Thank you, Jolen.opyc! 

18:06 – KPMG Canada launches cloud accounting solution for SMEshttps://www.consulting.ca/news/2273/kpmg-canada-launches-cloud-accounting-solution-for-smes

24:06 – Burnout Is Real, On the Rise, and Retractable
 
28:50 – Restaurant Revitalization Fund to stop accepting applications Monday - Journal of Accountancy
 
29:11 – SBA will close Restaurant Revitalization Fund on Monday — just 3 weeks after opening
 
Restaurant Revitalization Fund faces huge funding shortfall
 
 
30:08 – Child Tax Credit Expansion Kicks In July 15 With Monthly Payments to Families
 
31:28 – Under Armour shareholders can sue over sales disclosures
 
32:37 – Taxpayers deserve pandemic penalty relief, AICPA says - Journal of Accountancy
https://www.journalofaccountancy.com/news/2021/may/taxpayers-deserve-pandemic-tax-penalty-relief-aicpa-says.html
 
36:22 – Will Biden’s IRS be coming after your clients?
 
41:37 – Elizabeth Warren’s take on the tax-preparer industry
 
44:39 – Innovations in audit: KPMG deploys smart glasses
 
47:00 – Auditors leverage technology lessons from pandemic
 
49:14 – We Found Joe Biden’s Secret Venmo. Here’s Why That’s A Privacy Nightmare For Everyone.
 
50:25 – Popularity of Venmo, Other Apps Prompt Questions for Lawyer Usehttps://news.bloomberglaw.com/us-law-week/popularity-of-venmo-other-apps-prompt-questions-for-lawyer-use
 
52:50 – April sees resurgence in ransomware attacks - IT-Online



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


Need Accounting Conference Info? 

Check out our new website - accountingconferences.com


Limited edition shirts, stickers, and other necessities

Subscribe

Accounting Podcast Network: https://accountingpodcastnetwork.com/


Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd  

Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the show notes for the link to get more info.

Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

Join our newsletter!

Get notified about new episodes and other updates from Blake and David

Got it. You're on the list!
Podchaser - Cloud Accounting Podcast

Copyright © 2020 Blake Oliver