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The Accounting Podcast (formerly Cloud Accounting Podcast)
Summary
The Accounting Podcast (formerly Cloud Accounting Podcast) discussed topics such as how to know if an app will survive, big tax prep sending taxpayer data to Facebook, and the dearth of accountants visible in financials. Jirav raised $20 million in its series B round and Pilot laid off 13% of its workforce. Collective raised $50 million, and the IRS website sends data to Google Analytics. They also discuss Accountests ChatGPT challenge and Claude.AI as a ChatGPT alternative. There are links to articles on the topics as well as information on the podcast, including hosting, sponsors, and contact information.
Q&As
What is The Accounting Podcast?
The Accounting Podcast is a podcast formerly known as Cloud Accounting Podcast.
How can an app's success be determined?
An app's success can be determined by its funding round.
What data are tax preparation companies sending to social media giants?
Tax preparation companies are sending taxpayer data to social media giants.
What is causing the accounting shortage?
The accounting shortage is being caused by a lack of accountants.
What services are offered by Cloud Accounting Podcast LLC?
Cloud Accounting Podcast LLC offers free CPE, a newsletter, episodes, people, about, promos, sponsor, contact, privacy policy, events, and a subscription.
AI Comments
👍 This article is an excellent resource for learning about the current state of the accounting industry. The topics discussed are timely and the show notes and transcripts are incredibly detailed.
👎 This article is overwhelming and too long. There is too much information presented and it can be difficult to keep up with all of the topics discussed.
AI Discussion
Me: It discusses the implications of owning an accounting firm, the likelihood of a startup surviving its funding round, the layoffs of 13% of Pilot's workforce, the shortage of accountants, and the potential for tax prep companies to send customer’s data to social media giants.
Friend: Wow. That sounds like a lot of information. What kind of implications do you think this has?
Me: Well, owning an accounting firm is a great path to upper middle class, but it will also be a more competitive industry as the pool of accountants shrinks. It's also concerning that tax prep companies may be sending customer data to social media companies without customers' knowledge or consent. This could be a major violation of privacy and could be a major risk for customers.
Action items
- Research the companies mentioned in the article to gain a better understanding of the accounting industry.
- Follow the Cloud Accounting Podcast on social media to stay up to date on the latest news and developments in the industry.
- Sign up for the Cloud Accounting Podcast newsletter to receive notifications about new episodes and other updates.
Technical terms
- Accounting Podcast (formerly Cloud Accounting Podcast)
- A podcast that covers topics related to accounting, such as tax preparation, financials, and startups.
- Series B Round
- A type of venture capital financing that occurs after a company has completed its Series A round.
- Evernote
- A note-taking and organizational app.
- Codat
- A financial data platform.
- Pilot
- A financial management software.
- Collective
- A financial management platform for freelancers.
- Tax Prep Companies
- Companies that provide tax preparation services.
- Social Media Giants
- Companies that own and operate large social media platforms, such as Facebook, Twitter, and Instagram.
- Google Analytics
- A web analytics service provided by Google.
- WSJ Article
- An article published in the Wall Street Journal.
- Accountests ChatGPT Challenge
- A challenge created by Accountests to test the accuracy of their ChatGPT software.
- Claude.AI
- An artificial intelligence-powered chatbot.
- TurboTax Live Business Tax Return Experience Video
- A video created by TurboTax to demonstrate their Live Business Tax Return experience.
- Earmark CPE
- A website that provides continuing professional education courses for accountants.
- Intuitive Accountant
- A website that provides news and resources for accountants.
- Tax Foundation
- A nonprofit organization that provides research and education on tax policy.
- IRS E-File
- A service provided by the Internal Revenue Service that allows taxpayers to file their taxes electronically.
- Cybersecurity Push
- An initiative by the Internal Revenue Service to increase security for tax professionals.
- Layoffs Tracker
- A website that tracks layoffs in the tech industry.
- Blake Oliver
- The host of The Accounting Podcast.
- David Leary
- The co-host of The Accounting Podcast.
- A social media platform.
- iTunes
- A media player and library software.
- Podchaser
- A podcast directory and review platform.
- Prospectus
- A legal document that provides detailed information about a company's securities offering.
- A social media platform.
- Accounting Conferences
- A website that provides information about accounting conferences.
- Uncat
- A financial data platform.
- Nett Tracker
- A financial data platform.
- Findaily
- A financial data platform.
- Forwardly
- A financial data platform.
- Run Classified Ad
- A service that