In this episode, Blake and David talk app integration frustrations, Gusto's new payroll feature, increased fees for tax professionals, a tragic accident involving an IRS agent, low job fulfillment among accountants, and an employee stock ownership plan at BDO. They also dive into Amazon's new product review feature and the appointment of a former Intuit executive as the new CEO of PayPal. Rounding things out, they speculate on Alex Chriss' move to PayPal and the potential benefits for accountants and bookkeepers.

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• (00:04) - Preview: BDO's new equity model
• (00:55) - Welcome to The Accounting Podcast
• (02:35) - Every app for accountants should have a spreadsheet view
• (05:59) - We have reached peak user interface: How AI will simplify app design
• (07:22) - Why Bob from accounting could soon be a bot
• (12:30) - NATP study shows tax pros raised prices by over 20% in 2023
• (20:57) - IRS agent accidentally killed by fellow agent at gun range
• (24:12) - Sam Bankman Fried sent to jail
• (25:19) - 60% of accountants rate their job fulfillment at C or lower
• (27:20) - BDO USA borrows $1.3 billion to create an employee stock ownership plan
• (32:05) - How to solve the accounting talent crisis
• (35:50) - Amazon using AI to summarize customer reviews
• (37:25) - PayPal's names new CEO: How Intuit, PayPal, and X are all connected
• (47:24) - Wrap up, where to reach us, and checking in on the live chat

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Show Notes

PayPal Names Alex Chriss as Next President and CEO        

https://newsroom.paypal-corp.com/2023-08-14-PayPal-Names-Alex-Chriss-as-Next-President-and-CEO

Alex Chriss Succeeds Dan Schulman as the new CEO of PayPal       

https://ceoworld.biz/2023/08/17/alex-chriss-succeeds-dan-schulman-as-the-new-ceo-of-paypal/

IRS agent accidentally shot, killed by fellow agent during training at Phoenix gun range

https://www.azfamily.com/2023/08/17/irs-agent-accidentally-shot-killed-by-fellow-agent-during-training-phoenix-gun-range/

AICPA, NASBA Team to Help Ease Path to CPA Licensure   

https://www.intuitiveaccountant.com/in-the-news/people-and-business/aicpa-nasba-team-to-help-ease-path-to-cpa-licensure/

Withum and Seton Hall launch CPA apprenticeship

https://www.accountingtoday.com/news/withum-and-seton-hall-launch-cpa-apprenticeship

Large firm shakes up business model with employee stock ownership plan

https://www.journalofaccountancy.com/news/2023/aug/large-firm-shakes-up-business-model-employee-stock-ownership-plan.html

Intuit Names Marianna Tessel General Manager of Small Business and Self-Employed Group

https://www.businesswire.com/news/home/20230814601878/en/Intuit-Names-Marianna-Tessel-General-Manager-of-Small-Business-and-Self-Employed-Group/

Can PayPal’s incoming CEO jump-start profitable growth?

https://www.paymentsdive.com/news/paypal-ceo-checkout-venmo-smb-payments/690928/

BDO to create ESOP with $1.3B credit deal            

https://www.accountingtoday.com/news/bdo-to-create-esop-with-1-3b-credit-deal

Former eBay CEO Still Wields Influence over PayPal as It Names New CEO

https://www.ecommercebytes.com/2023/08/14/former-ebay-ceo-still-wields-influence-over-paypal-as-it-names-new-ceo/

Elon Musk's 25-year obsession with 'X' explains what he did to Twitter

https://mashable.com/article/musk-x-twitter-paypal

With plans to hire 200, a former PayPal CEO launches new digital bank in Miami

https://www.miamiherald.com/news/business/article251326533.html

Outspoken: Bill Harris, Founder and Chairman of Personal Capital and former CEO of Intuit and Paypal       

https://www.jsbarefoot.com/podcasts/2017/5/21/outspoken-bill-harris-ceo-of-personal-capital-and-former-ceo-of-intuit-and-paypal

5 things to know about Intuit’s small business guru Alex Chriss—PayPal’s incoming CEO
https://www.fastcompany.com/90938418/paypal-ceo-alex-chriss-dan-schulman-what-to-know

X.com names former Intuit brass its CEO

https://www.cnet.com/tech/tech-industry/x-com-names-former-intuit-brass-its-ceo/

5 ways the IRS funding boost is paying offhttps://www.washingtonpost.com/opinions/2023/08/17/irs-funding-tax-season-wait-times/

How Amazon continues to improve the customer reviews experience with generative AI

https://www.aboutamazon.com/news/amazon-ai/amazon-improves-customer-reviews-with-generative-ai

BDO partners in line for windfall after $1.3bn debt deal with Apollo Global Management | Financial Times               

https://www.ft.com/content/78f60830-57a2...