About this episode
Sponsors ADP Marketplace: https://cloudaccountingpodcast.promo/adp ClockShark: https://cloudaccountingpodcast.promo/clockshark BQE CORE: http://cloudaccountingpodcast.promo/core Show Notes 05:46 – Melio Raises $144M to keep Small Businesses in Business by Simplifying their B2B Payments – Silicon Valley Daily Melio Payments: Out of stealth with $144 million – Bessemer Venture Partners 06:53 – Is Working Remotely the Future of Finance? – CFO 07:41 – Auditors Struggle to Access Data, Count Inventory During Remote Work – Wall Street Journal 07:47 – 8 things to know about the audit evidence standard – AICPA 09:17 – DOJ: 57 Charged With Alleged PPP Fraud – PYMNTS.com 10:10 – More on Liar Loans – Wikipedia 11:52 – Quickie lender Kabbage doled out billions in PPP loans. A number of borrowers raised red flags. – Miami Herald 15:42 – SBA Loan Program Contractor and Rocket Loans Face Scrutiny – Wall Street Journal 18:26 – The FTC Is Investigating Intuit Over TurboTax Practices – ProPublica 20:39 – IRS Wants to Break Privacy on Monero and Bitcoin’s Lightning Network – News Break 22:48 – SaaS Firm CEO Resigns; Layoffs, Probe Follow – PYMNTS.com CEO of cyber fraud startup NS8 arrested for defrauding investors in $123m scheme –ZDNet 25:44 – Major companies reject Trump’s payroll tax deferral – Accounting Today 28:09 – Employers added 1.4M jobs in August, but subtracted 1.6K in accounting – Accounting Today 29:16 – Millions of U.S. jobs to be lost for years, IRS projections show – Accounting Today 31:50 – Sage and Revolut partner to hand back three weeks of admin time to small business owners – Sage UK 33:20 – Deel Lands $30M For Workforce Payroll – PYMNTS.com 35:50 – How Do You Know a Human Wrote This? – New York Times OpenAI’s new language generator GPT-3 is shockingly good—and completely mindless – MIT Technology Review 36:21 – GPT-3 bot that lets people with no accounting knowledge generate financial statements – Twitter 41:13 – The majority of workers use automation software at work—here's why – Zapier 48:12 – Time for REVIEWS!!! 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 Podchaser: http://cloudacctpod.link/podchaser Spotify: http://cloudacctpod.link/Spotify Google Play: http://cloudacctpod.link/GooglePlay Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast Classifieds ClientHub: https://clienthub.app Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcript ADP has your back with ADP Marketplace, a digital HR storefront. Be a more trusted advisor to your clients by recommending apps to help streamline HR processes and free up time to focus on people. Stay tuned to hear more from our sponsor, ADP Marketplace, later in the episode. David Leary: [00:00:20] It's basically, President Trump's gonna get his next paycheck because he works for the federal government. There won't be Social Security ta...