Blake and David get caught up on all the news that slipped by during AICPA Engage, Scaling New Heights and Xerocon, plus David's got some new intel on QuickBooks Live. Facebook announced a new cryptocurrency, B2B IPOs are triggering investor zeal, a disappointing percentage of firms are taking advantage of videoconferencing tech, we have a couple of podcast recommendations, the CMA is growing like crazy, Pilot plans to bring 450 jobs to Nashville, Freshbooks has a new Retainers feature, and much, much more!
In this episode: David shares his experience at the AICPA Annual Executive Roundtable for software vendors, Super Bowl LII will feature an ad about expense reports, tax season could get really ugly as only 57% of IRS workers return (unpaid), (another) new $99 tax service for the masses, ScaleFactor raises $30 million from Bessemer, BeachFleischman teams up with a small firm to create a new virtual firm called MOD Ventures, nurses take the top spot for most trustworthy professions (but accountants aren’t far behind), Google raises prices for G Suite, Will Farnell announces a 6-hour workday for his firm, Bank of America’s Zelle P2P payments service takes off, and efforts to evolve the CPA license to match evolving technology
Blake shares his thoughts on the first year of the Accounting & Finance Show LA under new management, then David & Blake discuss the latest accounting news, including: NetSuite's outage this week that prevented many businesses from accessing their ERP for almost a whole day, Google's hardware multi-factor authentication program that has prevented 100% of phishing attacks on its huge workforce, the recent breach of ComplyRight (a large 1099 processor), and why Hector Garcia's popular QuickBooks-focused YouTube channel was suddenly deleted without any warning. (We still don't know).