Why Accountants Don't Become CPAs
We've got a plethora of news today, including the reasons behind IMA's concerns about AICPA & NASBAs new accounting curriculum, and why accountants are passing on getting the CPA license. We'll cover some finer points about the SPAC atrocity known as Lordstown Motors, and then dive into app news, including Expensify's foray into payroll, some neobank news, Gusto's acquisition of Ardius for R&D tax credits, Intuit's final blow to TradeGecko, aka QuickBooks Commerce, and more!
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Show Notes
1:56 – David talks specifics on Bookkeepers.com
https://www.goingconcern.com/the-ima-is-beefing-with-the-aicpa-and-nasba-over-the-future-of-accounting-education/
6:22 – AICPA, NASBA launch CPA Evolution Model Curriculum - Journal of Accountancy https://www.journalofaccountancy.com/news/2021/jun/aicpa-nasba-launch-cpa-evolution-model-curriculum.html
IMA pushes back on CPA Evolution
13:20 – Time commitment, relevance push people away from CPA Exam
13:40 – A CPA Pipeline Report: Decoding the Decline
17:58 – Let us know your take on the CPA – if you have it, if you don’t, if you’re thinking about it …Tell us why you love it, hate it, or feel nothing about it! Call us at 202.695.1040!
21:54 – SPAC Deals Slow Dramatically After Move by SEC | Los Angeles Business Journal
https://labusinessjournal.com/news/2021/jun/21/spac-deals-slow-dramatically-sec-changes/
https://labusinessjournal.com/news/2021/jun/21/spac-deals-slow-dramatically-sec-changes/
22:20 – SPAC IPO Market Slowly Resurfaces With Play-it-Safe Accounting
https://news.bloombergtax.com/financial-accounting/spac-ipo-market-slowly-resurfaces-with-play-it-safe-accounting
https://news.bloombergtax.com/financial-accounting/spac-ipo-market-slowly-resurfaces-with-play-it-safe-accounting
23:10 – The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno
23: 51 – Top Lordstown Motors executives out as SPAC-backed startup teeters
https://www.freightwaves.com/news/top-lordstown-motors-executives-out-as-spac-backed-startup-teeters
26:35 [Expensify] WhatsApp + Splitwise = Expensify.cash (now open for early access)
33:06 – The Expensify Discussion on Blake’s Twitter:
https://twitter.com/BlakeTOliver/status/1405745448380366848
https://twitter.com/BlakeTOliver/status/1405745448380366848
37:15 – AmEx opens first business banking accounts
39:10 – Novo, a neobank for SMBs, banks $41M
40:20 – Unit Raises $51M To Expand Products, Integrations
43:28 – Gusto makes first acquisition, buying Ardius to expand into R&D tax credits – TechCrunch
46:00 – Sunsetting of the QuickBooks Commerce standalone product (formerly TradeGecko)
50:18 – Fastly: The Right Way to Apologize for an Outage | SaaStr
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Full Transcript Available Upon Request - info@cloudaccountingpodcast.com
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