How To Know If An App Will Survive & Big Tax Prep Sent Taxpayer Data to Facebook

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.

Sponsors
Zoho - https://cloudaccountingpodcast.promo/zoho
Forwardly - https://cloudaccountingpodcast.promo/forwardly
Accruer - http://accountingpodcast.promo/accruer

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

Need CPE? 

Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com
Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe

Show Notes

Jirav 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 say

https://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    

.css-j9qmi7{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;font-weight:700;margin-bottom:1rem;margin-top:2.8rem;width:100%;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:start;justify-content:start;padding-left:5rem;}@media only screen and (max-width: 599px){.css-j9qmi7{padding-left:0;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;}}.css-j9qmi7 svg{fill:#27292D;}.css-j9qmi7 .eagfbvw0{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;color:#27292D;}