Episode from the podcastCloud Accounting Podcast

IRS To Increase Audits On Small Business By 50%

Released Wednesday, 25th November 2020
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SponsorsShow Notes

07:58 – 36% of Americans Won't Move to Rural Areas Due to Slow Internet Speeds

11:09 – Women less likely to feel fairly comped for WFH expenses

17:01 – Congress blasts IRS for limits on forgiven PPP loan tax breaks

17:23 – IRS clarifies deductibility of PPP loan expenses, as AICPA criticizes forgiveness questionnaire

17:50 – IRS Crushes Hopes Of Deducting PPP-Paid Expenses Before Forgiveness Approval; But Questions Remainhttps://www.forbes.com/sites/anthonynitti/2020/11/19/irs-crushes-hopes-of-deducting-ppp-paid-expenses-before-forgiveness-approval-but-questions-remain/

19:13 – Letters signed by AICPA raise concerns about PPP Loan Necessity Questionnaires

20:01 – PODCAST: How Fraud and Waste Seeped into a COVID Stimulus Program (WSJ’s The Journal)

23:22 – Evidence of PPP Fraud Mounts, Officials Say

24:55 – Mnuchin pulls plug on some pandemic lending programs that Fed considers essential

25:54 – IRS plans a 50% ramp-up in small-biz audits next year

27:57 – AICPA disagrees with IRS commissioner Rettig on penalty relief

30:10 – IRS investigating fewer tax preparers

31:35 – Top Challenges? Staffing, Staffing, Staffing

33:18 – PayPal Gives Employees Early Paycheck Access

34:48 – QuickBooks Connect 2020 Hosts Thousands Virtually

39:28 – QuickBooks Live Bookkeeping update: November 2020

41:36 – Intuit has Launched HubSpot for QuickBooks

47:28 – Intuit (INTU) Q1 Earnings & Revenues Top Estimates, Increase Y/Y

51:19 – Why Xero investors should forget the US market

54:41 – A Review! Thank you, B Stoltzfus! 

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58m 11s
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