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.

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• (00:00) - Preview: Owning your own accounting firm is a path to the upper middle class

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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    

https://layoffstracker.com/pilot-lays-off-13-of-workforce-45-employees/?expand_article

ChatGPT scores 90% on debits & credits test        

https://www.blakeoliver.com/blog/chatgpt-scores-90-on-debits-amp-credits-test

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

https://www.nbcchicago.com/news/local/some-chicago-restaurants-are-still-adding-surcharges-of-up-to-20-to-your-bill-should-they/3055697/

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

https://docs.codat.io/updates/231010-deprecation-onprem-erp-premium

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

https://www.cnn.com/2023/07/12/tech/tax-prep-companies-taxpayer-data-google-meta/index.html

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

https://www.warren.senate.gov/imo/media/doc/Attacks%20on%20Tax%20Privacy_Final.pdf

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

https://www.intuitiveaccountant.com/in-the-news/people-and-business/jirav-announces-20m-series-b-round-led-by-cota-capital/

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

https://taxfoundation.org/irs-efile-prefilled-tax-returns/

IRS renews cybersecurity push for tax pros            

https://www.accountingtoday.com/news/irs-renews-cybersecurity-push-for-tax-pros

The Accountant Shortage Is Showing Up in Financial Statements 

https://www.wsj.com/articles/the-accountant-shortage-is-showing-up-in-financial-statements-b14a6b94

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

https://techcrunch.com/2023/07/11/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

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