Sponsors

• Justworks: https://cloudaccountingpodcast.promo/justworks
• AccountingSuite: https://cloudaccountingpodcast.promo/asuite
• BQE Core: http://cloudaccountingpodcast.promo/core

Show Notes

• 03:34 - Get Down with PPP - YouTube
• 06:24 - Bankers Rebuke S.B.A. as Loan System Crashes in Flood of Applications - NYTimes
• 08:08 - SBA, Treasury ban use of RPA to submit PPP loans - Journal of Accountancy
• 09:03 - Mnuchin sends top deputy to fix small-business loan mess - Politico
• 09:46 - Steven Mnuchin goes after private schools with big endowments - Twitter
• 12:00 - Update: Latest in regulations and government changes prompted by COVID-19 - Armanino
• 12:40 - Mnuchin: All PPP Loan Recipients Will Face Audits - PYMNTS.com
  • Justice Department investigating possible PPP application fraud - CNBC
• 13:56 - IRS: Companies who receive PPP loans will not qualify for tax deductions - The Hill
• 17:32 - Hotelier’s Push for $126 Million in Small-Business Aid Draws Scrutiny - NYTimes
• 21:47 - Gene Marks says blame banks and big businesses:
  • Shake Shack handed back its $10m loan. But that's no reason to applaud | Gene Marks - The Guardian
  • America's big banks should be ashamed of themselves - The Hill
• 25:17 - AICPA makes PPP loan forgiveness recommendations - Journal of Accountancy
• 25:53 - AICPA challenging nondeductibility of PPP-related expenses - Journal of Accountancy
• 28:05 - SMBSNew Data: Separating The PPP Haves, Have Nots and Don’t Wants - PYMNTS.com
• 28:40 - More PPP Discussion from Episode 172
• 29:00 - PPP Is No Panacea, But Is Crucial To SMB Outlook - PYMNTS
• 31:48 - Fed Turns To Banks For Feedback On Main Street Lending Program - PYMNTS.com
• 35:00 - BREAKING NEWS: Windows Update Causing QuickBooks to Crash - Insightful Accountant

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

TeePublic Store: http://cloudacctpod.link/merch

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Classifieds

• Hector Garcia - How to Make Video Tutorials: http://www.hectorgarcia.com/tutorial 
• ClientHub: https://clienthub.app
• Accounting Salon - SALONv:  https://accountingsalon.com/

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

Transcript

Wouldn't it be great if your small business clients could offer big company benefits to their employees, plus automated payroll, compliance support and HR tools? By using Justworks, you can offer these four essential services to your clients via one simple platform. Stay tuned to hear more from our sponsor, Justworks, later in the episode.

[00:01:13] 

PPP, how can I explain it? 

I hope you will obtain it. 

If you listen, I will show you how to claim it. 

It's a program that they made for a virus called Corona. 

They give you free money 'cause you gotta stay at homa. 

The first P's for Paycheck. 

You may think you know what that is. 

Boss gives you moolah, shekels, lettuce, scratch, or cabbage. 

That part is true, but what if you are self-employed? 

Profit counts as payroll, so your biz don’t get destroyed. 

The other P’s Protection,...