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!
We dig into the latest Intuit and Xero earnings reports to figure out who is winning the battle to conquer the world of small business cloud accounting. Also, one controller used the IRS to steal $2.8M, TurboTax uses a “military discount” to trick troops into filing their taxes, Senator Warren is on the attack against Intuit, QuickBooks Live plans to scale rapidly to 500 ProAdvisors, Baltimore is held hostage by ransomware, and why blockchain is all talk in accounting (at this point, anyway).
Blake and David dig into the lack of growth in accounting salaries despite the tight job market, KPMG’s representative contestant on this season of “The Bachelor,” Plaid’s acquisition of Quovo, TaxJar’s $60 million round of fundraising, Craig Smalley’s argument against virtual offices for accountants, where Americans moved in 2018, how the California Board of Accountancy just started (finally) accepting credit cards, and how some small businesses are no longer accepting cash.
David is tired of “social media influencers” who have no real experience acting as experts on social media, pumping the latest product or app that writes them a check. The gang also chats about Joe Woodard’s announcement on Twitter that Scaling New Heights Online will now include Xero as a sponsor. Other stories discussed: Right Networks acquires Propelware, Fintech startup Plaid raises $250 million at a $2.65 billion valuation, Intuit is (once again) relaunching the ProAdvisor program, Expensify releases a $5 per month personal plan. Finally, Blake shares Ryan Lazanis’ predictions for accounting firm trends through 2022 based on the World Economic Forum 2018 “Future of Jobs” report.