Are accounting firm partners just franchisees? Also, how Square could make cryptocurrency go mainstream

What this episode covers

CPA Practice Advisor has announced their annual “40 Under 40” in the accounting profession for 2018. Congrats to our friend and interview victim Dr. Sean Stein Smith for making the list! His Cloud Accounting Podcast episode will drop in the coming weeks. Down under (in Australia), Jason Andrew makes the argument that accounting firm partners are essentially franchisees. Not sure if going for partner is the right move? This post should help you decide. Up in the great North (AKA Canada), Ryan Lazanis blogs about a guy who is probably the most remote cloud accountant in the world. At least he’ll hold that title until someone sends us an even better story — Tweet suggestions to @BlakeTOliver and @DavidLeary. Meanwhile, back home (in the USA) our fabulous FASB has simplified GAAP for cloud computing, but manages to use complicated English to describe it (if you can call it English). Finally, it looks like Square could be the disruptor that makes cryptocurrency payments go mainstream. The payment processor and point of sale supplier has got a new patent that could make accepting Bitcoin and Ether super easy for millions of Main Street merchants. Oh, and Blake had an exciting morning.

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