How To Know If An App Will Survive; Big Tax Prep Sent Taxpayer Data to Facebook; Dearth of Accountants Visible In Financials

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at earmarkcpe.com.Sponsors
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Chapters
(00:00) - Preview: Owning your own accounting firm is a path to the upper middle class (00:59) - Welcome to The Accounting Podcast (03:04) - Jirav raises $20 million in series B round (04:09) - How likely a startup is to fail based on their funding round (09:45) - Is this the end of Evernote? (12:00) - Codat shutting down most desktop APIs (15:14) - Pilot lays off 13% of its workforce (18:10) - Collective raises $50 million (19:49) - Are tax prep companies giving customers' personal information to social media giants? (29:38) - Even the IRS website sends your data to Google Analytics! (35:06) - WSJ article on the accounting shortage (39:32) - Blake checks in on the live chat (49:15) - Accountests ChatGPT challenge (53:29) - Claude.AI as a ChatGPT alternative (56:49) - Wrap up and please check out our TurboTax Live Business Tax Return experience video on our YouTube channel
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Show NotesJirav raises $20M in Series B | Accounting Today https://www.accountingtoday.com/news/jirav-raises-20m-in-series-b 3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers sayhttps://apnews.com/article/irs-taxpayer-tax-preparation-meta-congress-9315cfca7a0942ab89f765d183fbf822 Tax prep companies shared private taxpayer data with Google and Meta for years, congressional probe finds | CNN Business               https://www.cnn.com/2023/07/12/tech/tax-prep-companies-taxpayer-data-google-meta/index.html The dearth of accountants has now become visible in several financial reports, with companies pleading difficulty in finding and retaining skilled people.         https://www.wsj.com/articles/the-accountant-shortage-is-showing-up-in-financial-statements-b14a6b94 ChatGPT Does Accountests Debits & Credits Test https://www.accountests.com/blogs/news/chatgpt-does-accountests-debits-credits-test Pilot lays off 13% of workforce – 45 Employees - LayoffsTracker    https://layoffstracker.com/pilot-lays-off-13-of-workforce-45-employees/?expand_article
ChatGPT scores 90% on debits & credits test