The Accounting Podcast

This week, Blake and David talk app survival signs, Big Tax Prep sending taxpayer data to Facebook, and the dearth of accountants visible in financials. They cover news from the accounting world, including Jirav's $20 million raise in its series B round, and Pilot's 13% workforce layoff, Collective's $50 million raise, and the story about the IRS website sending data to Google Analytics. They also discuss the Accountests ChatGPT challenge and Claude.AI as a ChatGPT alternative.


Chapters

• (00:00) - Preview: Owning your own accounting firm is a path to the upper middle class
• (01:19) - Welcome to The Accounting Podcast
• (03:24) - Jirav raises $20 million in series B round
• (04:29) - How likely a startup is to fail based on their funding round
• (10:05) - Is this the end of Evernote?
• (12:20) - Codat removing desktop API support from some plans
• (17:05) - Pilot lays off 13% of its workforce
• (20:01) - Collective raises $50 million
• (21:40) - Are tax prep companies giving customers' personal information to social media giants?
• (32:35) - Even the IRS website sends your data to Google Analytics!
• (38:03) - WSJ article on the accounting shortage
• (44:00) - Blake checks in on the live chat
• (53:43) - Accountests ChatGPT challenge
• (57:57) - Claude.AI as a ChatGPT alternative
• (01:01:17) - Wrap up and please check out our TurboTax Live Business Tax Return experience video on our YouTube channel

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Jirav raises $20M in Series B | Accounting Today 

 

3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers say

 

Tax prep companies shared private taxpayer data with Google and Meta for years, congressional probe finds | CNN Business               

 

The dearth of accountants has now become visible in several financial reports, with companies pleading difficulty in finding and retaining skilled people.         

 

ChatGPT Does Accountests Debits & Credits Test 

 

Pilot lays off 13% of workforce – 45 Employees - LayoffsTracker    

ChatGPT scores 90% on debits & credits test        

 

Some Chicago Restaurants Are Still Adding Surcharges Of Up to 20% to Checks. Should They?

 

2023-10-10: Change in pricing for some accounting integrations  

 

Tax prep companies shared private taxpayer data with Google and Meta for years, congressional probe finds          

 

Attacks%20on%20Tax%20Privacy_Final.pdf

 

Jirav Announces $20M Series B Round Led By Cota Capital              

 

The U.S. Tax Code Is Too Complex for Direct eFile to Work              

 

IRS renews cybersecurity push for tax pros            

 

The Accountant Shortage Is Showing Up in Financial Statements 

 

Collective, a financial management platform for freelancers, raises $50M 

 

Bay Area tech firm relocating to Europe, lays off most staff https://www.sfgate.com/tech/article/evernote-layoffs-moving-to-europe-18190083.php

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

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The full transcript for this episode is available by clicking on the Transcript tab at the top of this page