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The Accounting Podcast
The most authoritative voice in accounting news. Every week, Blake Oliver and David Leary break down the stories reshaping the profession — AI, the Big Four, firm M&A, audit failures, and the talent crisis — with analysis you won't get from the trade press. Earn free NASBA-approved CPE just for listening, with the Earmark app.
- 621 - Frontier Models Outscore CPAs & What Clients Will Spend on Accounting
AI outperformed 12 CPAs on a month-end close benchmark, but that doesn’t mean it can replace them. Blake Oliver and David Leary unpack the study’s limits and why adding AI to existing workflows may not save time. They also explore survey findings that accounting budgets triple when businesses hit $1 million in revenue, plus why most firms are invisible in AI searches. Learn what these shifts mean for your firm’s processes, pricing, and marketing.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
Finance Accounting Technology Expo - http://accountingpodcast.promo/fate
SavantLabs - http://accountingpodcast.promo/savant
Chapters
(00:00) - AI Search Visibility Crisis (00:24) - Show Intro and Headlines (02:38) - Livestream Shoutouts (03:18) - AI Beats CPAs Study (05:40) - Charts Speed and Accuracy (08:27) - Why Humans Lag Context (10:31) - When AI Plus Human Fails (20:00) - AI Native Workflow Shift (26:52) - Sams List Client Budgets (29:48) - Small Biz Client Focus (30:36) - What Clients Actually Want (31:35) - Pricing Reality Check (34:06) - Startup Budget Mindset (36:34) - New Studio Chat (37:59) - AI Progress Story (43:29) - Ramp Glass Orchestration (47:26) - AI Search Disrupts SEO (50:41) - How To Get Recommended (53:13) - Niche Beats Location SEO (55:21) - Wrap Up And CPEShow Notes
Human Baselines for Benchmarks: AI Now Outperforms Junior Accountants
https://www.mercor.com/blog/human-baselines-for-benchmarks-ai-now-outperforms-junior-accountants/
Clients Spend $5K a Year on Accountant Until Revenue Passes $1M
https://www.accountingtoday.com/news/clients-spend-5k-a-year-on-accountant-until-revenue-passes-1m
Meta Is Back in the AI Race. Muse Wonder Just Ranked #2 for Accounting
https://www.dualentry.com/blog/muse-wonder-just-ranked-2-for-accounting
Ramp’s $1.5 Million Week of Spending Leads to Glass AI Tool
https://www.pymnts.com/?p=4306638
Ramp Glass
AI Recommendations Favoring Narrow Band of Big Firms
https://www.accountingtoday.com/news/ai-recommendations-favoring-narrow-band-of-big-firms
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Thu, 22 Oct 2026 - 620 - Could AI Replace CFOs & Time Tracking 188 IRS Calls
Could AI replace your CFO or simply make their job more exhausting? Blake and David debate automation’s limits, unpack an enrolled agent’s log of 188 IRS calls, and explore proposed reforms to taxpayer service. They also examine why AI is putting pressure on billable hours, gaps in AI safety audit requirements, and a romance scam victim’s $225,000 tax bill. Learn what these developments could mean for your firm, clients, and workload.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Numeral - http://accountingpodcast.promo/numeral
SavantLabs - http://accountingpodcast.promo/savant
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(00:00) - TAP 508 (02:40) - Can AI replace executives (03:38) - Survey results and divides (06:03) - Why AI can't lead yet (12:18) - EA tracks IRS call hell (13:54) - IRS chatbots and america.gov (15:50) - IRS and ICE data sharing (17:42) - IRS modernization bill highlights (22:45) - Tax fraud and complexity costs (25:53) - Influencer deductions in tax court (28:00) - Influencer Expenses Denied (28:45) - Accountant With Bad Records (29:38) - Romance Scam Tax Bill (31:25) - (33:01) - AI Agents Breach Systems (42:13) - Big Law Versus AI Billing (47:44) - Illinois AI Audit Mandate (52:07) - Meta Muse Integrations (52:31) - Wrap Up And EventsShow Notes
Could AI replace CFOs and other top executives?
https://www.cfo.com/news/could-ai-replace-cfos-and-other-top-executives-watch-chest-ai-/827098/
IRS Hold Times in 2026: What 188 Timed Calls to the IRS Actually Showed
https://claritytaxrelief.com/blog/irs-hold-times-study-188-calls/
Appeals court blocks IRS from sharing taxpayer info with ICE
https://www.accountingtoday.com/news/appeals-court-blocks-irs-from-sharing-taxpayer-info-with-ice
Senate unanimously passes TAS Act
https://www.accountingtoday.com/news/senate-unanimously-passes-tas-act
Congress approves funding bill that maintains IRS budget
GAO tax fraud estimate puts annual losses at up to $304 billion
Tax Complexity Now Costs the US Economy over $544 Billion Annually
Paying For Clout Isn't A Business Expense: Tax Court Lessons For Social Media Creators
A North Carolina Woman Lost $600,000 to a Scam. Then an Unexpected IRS Bill Arrived
https://www.cpapracticeadvisor.com/?p=190730
EY staffers accused of accessing Australia PM's bank account
https://www.accountingtoday.com/articles/ey-staffers-accused-of-accessing-australia-pms-bank-account
'Extreme concern' over first known AI hack of a government system
https://www.cnn.com/2026/09/23/business/australia-openai-agent-hack-intl-hnk
OpenAI alerts more than 100 groups about rogue AI agent activity
OpenAI says its AI agents probed federal websites without the company's knowledge
As A.I. Makes Law Firms More Efficient, Clients Ask: 'Where's My Discount?'
https://www.nytimes.com/2026/09/26/business/dealbook/ai-law-discount-billable-hour.html
Sorren launches law firm
https://www.accountingtoday.com/news/sorren-launches-sorren-law
Column: Illinois Ordered an Audit of AI Developers. Who Will Do It?
Meta is expanding its AI agent Muse to small businesses
https://techcrunch.com/2026/09/29/meta-is-expanding-its-ai-agent-muse-to-small-businesses/
Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring The Accounting Podcast? F...
Wed, 07 Oct 2026 - 619 - When Financial Reports Used to Be Cool & AI's Microwave Moment
Will AI replace accountants—or finally ease the profession’s talent shortage? Blake and David unpack why AI-exposed accounting roles are seeing pay rise, not fall; how EY cut audit deficiencies from 28% to under 5%; and why firms must give AI agents limited access and auditable logins. They also explore the coming firm structure: fewer staff, more AI agents, and partners focused on judgment, review, and client relationships.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Numeral - http://accountingpodcast.promo/numeral
OnPay - http://accountingpodcast.promo/onpay
Veltrix - http://accountingpodcast.promo/veltrix
Chapters
(00:00) - Staff Are Gone (01:52) - Doctor Note AI Warning (03:33) - AI Access Controls Lesson (06:05) - Annual Reports Design (07:59) - Taxing AI Debate (13:08) - Audit Judgment Future (19:11) - EY Audit Quality Surge (23:05) - Meta Muse Microwave Moment (29:52) - Apps Handing Off To Claude (31:58) - AI As The Interface (32:58) - LLMs Become The New OS (34:15) - Where AI Captures Value (35:29) - Platform Cloning Threats (36:26) - Regulation Protects Fintech (37:02) - Orchestrating Accounting Agents (39:10) - One Universal Business Brain (41:53) - Big Four Future In AI (46:32) - KPMG Incubator Career Play (49:52) - America Solopreneur Boom (52:53) - Are Business Filings Real (53:53) - Spotify Lessons For Firms (58:18) - Accountant Turned Top DJ (01:01:13) - Shakira Tax Residency Fight (01:02:35) - Wrap Up And CPE PlugShow Notes
The turbulent AI era is here. The choices we make now are critical.
https://www.gatesnotes.com/a-turbulent-ai-era-and-critical-choices-to-make
US jobs paradox: AI-exposed roles see 46% pay surge even as AI-linked layoffs rise
PCAOB's Logothetis: AI can only do part of an auditor's job
https://www.accountingtoday.com/news/pcaobs-logothetis-ai-can-only-do-part-of-an-auditors-job
EY reports improved audit quality
https://www.accountingtoday.com/news/ey-reports-improved-audit-quality
Introducing Muse: The World's First Personal AI Agent Built for Everyone
https://about.fb.com/news/2026/09/introducing-muse-personal-ai-agent/
Expensify Becomes One of the First Expense Management Tools Available in Claude for Small Business
Xero Wherever You Work: Real-Time Financial Intelligence in Claude for Small Business and ChatGPT
https://blog.xero.com/product-updates/claude-for-small-business-chatgpt-ai-integrations-launch/
Avalara launches Aviator AI hub for tax compliance
https://itbrief.co.uk/story/avalara-launches-aviator-ai-hub-for-tax-compliance
Clients now expect some projects to happen twice as fast, PwC partner says
KPMG Announces Client Technology & Innovation Group to Build AI-Native Businesses
https://kpmg.com/us/en/media/news/kpmg-announces-client-technology-innovation-group.html
America has become an entrepreneur's paradise
What accounting firms can learn from the music industry
https://www.accountingtoday.com/opinion/what-accounting-firms-can-learn-from-the-music-industry
John Summit Saved $20,000 and Quit His Accounting Job to Become a DJ. Now He's Building an Entertainment Empire
Shakira takes Spain stage as court reviews $63M tax claim
https://www.accountingtoday.com/articles/shakira-takes-spain-stage-as-court-reviews-63m-tax-claim
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Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other neces...
Thu, 01 Oct 2026 - 618 - Tips to Roll Out AI In Your Firm, AI Squeezing Audit Fees
Could AI make a one-person audit firm possible—and what happens if the data-center boom slows down first? Blake and David examine the AI economy’s circular debt, the construction ripple effects of a pullback, and practical ways firms can document workflows before automating them. They also cover AI-powered continuous audits, Mercury’s new general ledger, and tax evasion headlines.
Sponsors
Digits - http://accountingpodcast.promo/digits
Thomson Reuters - http://accountingpodcast.promo/taxautomation
OnPay - http://accountingpodcast.promo/onpay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(00:00) - OnlyFans Tax Evasion (00:27) - Podcast Welcome Halloween (04:02) - News Lineup (06:34) - AI Bubble Warning (14:14) - AI Adjusted EBITDA (18:07) - SOP Marathon For AI (21:19) - AI SOP Workflow Tip (26:41) - Christina Ho AI Audits (29:22) - Audit Fees Under AI (29:55) - Audit Fees Surge (30:57) - AI Disrupts Audits (33:56) - Solo CPA Audit Firm (35:26) - Who Wins and Loses (35:52) - Audit Demand Explained (36:40) - Tech Enables New Entrants (38:26) - Audit Like Cloud Accounting (42:00) - (43:03) - IRS Refund Nightmare (44:33) - OnlyFans Tax Evasion (46:51) - Punishing Financial Crime (49:59) - Mercury Launches Books (52:22) - Can Banks Compete (54:33) - Is Mercury Enough (56:44) - Wrap Up and CPEShow Notes
NRF: Halloween spending to remain strong, reach $13.5B
https://chainstoreage.com/nrf-halloween-spending-remain-strong-reach-135b
Too interconnected to fail? New paper connects the AI dots
https://www.axios.com/2026/09/21/ai-finance-credit-circular
The AI gold rush has a dress code: steel-toe boots
https://finance.yahoo.com/economy/articles/ai-gold-rush-dress-code-233725771.html
40% of Small Businesses Lack Cash Reserves to Survive a Month of Late Client Payments
AI Future Savings Is Latest Ebitda Tweak to Jolt Debt Investors
How to run a SOPathon: The missing first step in every AI strategy
The 3-phase roadmap every accounting firm needs before AI delivers
Process Street MCP Server
https://www.process.st/help/docs/mcp-server/
Christina Ho's next act
https://www.cfobrew.com/stories/christina-hos-next-act
AI sounds the death knell for audit fee inflation
https://www.ft.com/content/80d02797-9a54-47e0-8bc3-a7144354da93
Tennessee Farmer Tried to Return $20,000 to IRS. Years Later, He's Still Fighting
OnlyFans content creator pleads guilty to tax evasion
Mercury Launches Intelligent Accounting with Mercury Books
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Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch
Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpo...Fri, 25 Sep 2026 - 617 - Feds Target KPMG Polymarket Insider Trading, ComplYant Founder Charged with Wire Fraud
Is AI the real threat to accounting firms, or is it the client experience? Blake and David unpack a KPMG-linked Polymarket insider-trading investigation, AI-powered fraud, Xero’s influencer backlash, and a tax startup founder charged with defrauding investors. They also share their own experiments using Claude and ChatGPT to prepare tax returns, making the case that firms must eliminate frustrating back-and-forth if they want to keep clients.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
Thomson Reuters - http://accountingpodcast.promo/taxautomation
Savant Labs - http://accountingpodcast.promo/savant
Chapters
(00:00) - Client Experience Threat (00:30) - Podcast Welcome Banter (02:05) - Week's News Rundown (04:17) - KPMG Polymarket Probe (11:46) - KPMG TaxSim Training (13:40) - KPMG OpenAI Headless UI (17:13) - Deepfake Defense Stakes (18:31) - Revolut Social Engineering (20:33) - Compliant CEO Fraud Case (25:31) - Xero Influencer Backlash (25:41) - Xero Claude Ad Backlash (28:57) - Apology and AI Framing (29:59) - DIY Taxes With AI (34:05) - Client Experience Problem (40:15) - IRS AI Fee Guidance (43:00) - PwC Leaves Downtown LA (44:48) - Wrap Up and CPEShow Notes
Polymarket Trader Won 41 of 42 Earnings Bets on Companies KPMG Audits
SEC Charges Startup Founder with Fraud (Shiloh Luckey / ComplYant)
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26424
KPMG Is Testing a New AI-Powered Tax Simulation Tool
https://goodfest.westfield.com/2026/05/kpmg-is-testing-a-new-ai-powered-tax-simulation-tool/
KPMG working with OpenAI to advance new "headless" enterprise tech model
KPMG LLP Takes Minority Stake in Deepfake Detection Leader Reality Defender
Cybercriminals using AI for fraud are making far more profit, Interpol claims
Revolut confirms customer data breach after fake government requests
https://fstech.co.uk/fst/Revolut_Confirms_Customer_Data_Breach_After_Fake_Government_Requests.php
Xero issues new apology to accountants, days after controversial social media post
https://www.smartcompany.com.au/?p=344586
To our accountant and bookkeeper community
https://blog.xero.com/uk/accountants-bookkeepers/to-our-accountant-and-bookkeeper-community/
AICPA seeks IRS clarity on AI guidelines, CPA fees
https://www.thetaxadviser.com/news/2026/sep/aicpa-seeks-irs-clarity-on-ai-guidelines-cpa-fees/
Downtown L.A. Fixture PwC Will Move to Century City
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch
Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds
Fearless Foundry - www.advisoryamplified.com
Expense Bot -https://www.expensebot.ai/accountant
ProfitRoot - https://tryprofitroot.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job post...
Fri, 18 Sep 2026 - 616 - EY to Bonus Staff $100M, Deloitte Pays $21M to Settle DEI Case
Can AI prepare a tax return—and catch errors the software misses? Blake shares how Claude Cowork reconciled books, built workpapers, and completed two business returns, while David examines EY’s bonuses for human judgment, Deloitte’s $21 million DEI settlement, and PwC’s Evergrande exposure. Plus, Cloud Accountant Staffing’s Jordan Sublette explains why onshoring is joining offshore hiring strategies for accounting firms.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Thomson Reuters - http://accountingpodcast.promo/taxautomation
Savant Labs - http://accountingpodcast.promo/savant
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(00:00) - Ethics And Job Security (00:18) - Show Intro And Headlines (02:34) - Livestream Shoutouts (03:03) - Claude CoWork Tax Prep (06:54) - AI Catches TaxAct Errors (11:26) - Accrual Buys Puzzle (18:19) - EY Human Skills Bonuses (20:33) - Deloitte DEI Settlement (27:43) - Salaries And Big Four Fallout (31:22) - PwC Evergrande Liability (35:03) - Grant Thornton Buys CBIZ (36:25) - CBIZ Returns Reality Check (37:23) - Marcum Deal And Partner Payouts (38:34) - IRS Revenue Hits Record (40:50) - Chat Reactions And AI Ledgers (44:03) - AI Cost Seg Pitfalls (53:00) - Jordan Joins And Origin Story (55:06) - Jason Staats Partnership Explained (59:37) - Onshoring Portal And Pricing (01:04:58) - Candidate Vetting And Training (01:09:37) - Meetups And CPE Wrap UpShow Notes
Accrual to Acquire Puzzle to Expand Into Client Accounting Services
EY Rewards Employees' Human Skills With $100M
https://www.accountingtoday.com/news/ey-rewards-employees-human-skills-with-100m
Deloitte to Pay $21.5M to Settle Claims Its DEI Programs Violated Federal Civil Rights Law
Accounting Firm Salaries Rose Slightly This Yearhttps://www.cfobrew.com/stories/accounting-firm-salaries-rose-slightly-this-year
KPMG Australia to Axe 5% of Workforcehttps://www.cfo.com/news/kpmg-australia-to-axe-5-of-workforce-John-Sams/828636/
PwC International Can't Exit Evergrande Case, HK Court Rules
CBIZ Told Grant Thornton No, No, No, Before Saying Yeshttps://cpatrendlines.com/2026/09/01/cbiz-told-grant-thornton-no-no-no-before-saying-yes/
IRS Enforcement Activity Fell Despite Record Tax Collections, TIGTA Says
Cost Segregation in the Age of AI: What the IRS Audit Technique Guidelines Reveal
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch
Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds
Fearless Foundry - www.advisoryamplified.com
Expense Bot -https://www.expensebot.ai/accountant
ProfitRoot - https://tryprofitroot.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd
Transcripts
Th...
Thu, 10 Sep 2026 - 615 - TurboTax Losing Customers Over Price, Thomson Reuters Builds Own AI
Can AI make tax prep cheaper without replacing the experts behind it? Hector Garcia joins Blake and David to unpack Intuit’s TurboTax pricing pressure, QuickBooks’ push into the mid-market, and whether AI-powered services are a bridge to automation. They also examine Thomson Reuters’ proprietary tax-and-legal AI model, Relate’s $100 million raise, and a student’s unusual path onto the New Mexico Board of Accountancy.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Thomson Reuters - http://accountingpodcast.promo/taxautomation
OnPay - http://accountingpodcast.promo/onpay
Savant Labs - http://accountingpodcast.promo/savant
Chapters
(00:00) - TAP 503 (02:47) - Intuit earnings overview (03:52) - Meet Hector Garcia (04:40) - Intuit stock and AI fears (07:57) - TurboTax pricing pressure (11:34) - TurboTax Live strategy shift (16:12) - TurboTax Live vs firms (19:47) - AI plus human bridge (22:13) - QuickBooks Free and Light (25:54) - Thomson Reuters builds LLM (30:29) - Trust security and ownership (34:16) - Vertical models disrupt giants (35:18) - Copilot partnership pitch (36:51) - Bulk AI Adoption (38:59) - Rillet Unicorn News (39:21) - Workday Buyout Math (40:50) - Switching Costs Reality (43:12) - Intuit Versus Rillet (45:26) - How Rillet Wins (48:18) - AI Spend Line Item (51:15) - Stripe Buys OpenRouter (53:22) - Reframe Conference Pitch (56:01) - Pablo Pledgebar Cautionary (57:08) - Britton Joins Board (01:01:37) - Student View On PE (01:04:57) - Education And AI Concerns (01:09:33) - Board Dynamics Explained (01:12:12) - Regulation Priorities (01:15:13) - Wrap Up And CPEShow Notes
Intuit Reports Fourth Quarter and Full Year Fiscal 2026 Results; Sets Fiscal 2027 Guidance
Thomson Reuters Leverages its World-Class Data Assets to Launch Its Own Frontier Model
Rillet Raises $100 Million Series C at $1 Billion Valuation, Becomes Unicorn
Silver Lake Eyes $51 Billion Workday Take-Private in Mega Software Deal
https://www.axios.com/2026/08/14/silver-lake-workday-take-private
Stripe Agrees to Acquire OpenRouter to Help Businesses Optimize Token Routing and Usage
https://stripe.com/newsroom/news/stripe-agrees-to-acquire-openrouter
From Accounting Major and Frat Brother to Suspected of Being Penn State's Largest Drug Dealer
https://www.nbcnews.com/news/us-news/penn-state-agostino-abbatiello-drug-scheme-rcna593041
Accounting Student Appointed to the New Mexico Public Accountancy Board
https://news.unm.edu/news/accounting-student-appointed-to-the-new-mexico-public-accountancy-board
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Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the to...
Wed, 02 Sep 2026 - 614 - Rogue AI Agents, Off-Balance-Sheet AI Financing & Xerocon 2026
AI agents are going rogue — deleting bookings, sending unauthorized emails, and lying about it — and Blake and David trace the trend into the $3 trillion of off-balance-sheet AI commitments hiding in Big Tech's footnotes (and why accountants will get blamed when the bubble pops). They also recap what stood out at XeroCon 2026. Then Hoover Institution fellow Ben Jaros runs the real numbers on California's Prop 40 billionaire wealth tax — why the $100 billion estimate is closer to $40 billion, and whether taxing 200 people is even constitutional.
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Chapters
(00:00) - Welcome to The Accounting Podcast (03:00) - Rogue AI Agents Gone Wild (07:53) - Controlling Agent Permissions (12:08) - Microsoft AI Receivables Surge (14:49) - Three Trillion Off Book Commitments (17:09) - Meta Hyperion Lease Loopholes (21:33) - Bubble Risk and Circular Financing (28:24) - XeroCon Highlights and AI Agents (32:21) - Bank Reconciliation and Roadmap Gripes (34:10) - Conference Vaporware Rant (34:37) - Billionaire Tax Preview (36:33) - Prop 40 Basics (38:40) - Revenue Reality Check (42:44) - Residency Cutoff Drama (45:01) - Wealth Tax vs Income Tax (45:52) - One Time Or Not (46:34) - Healthcare Backfill Claims (51:42) - Better Ways To Tax (55:23) - Constitutional Challenges (58:01) - Why Voters Oppose It (01:02:09) - Trial Balloon And Wrap UpShow Notes
Coming soon!
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Thu, 27 Aug 2026 - 613 - NVIDIA AI Funding Deal Has "Shades of Enron" & EY Speeds Audits 125%+
Is AI creating an audit boom—or hiding the next Enron-style risk? Blake and David unpack NVIDIA’s $500 billion data-center financing plan, why Michael Burry sees warning signs, and how AI is speeding up audits while challenging existing standards. They also cover improved PCAOB inspection results, the end of BOI reporting, Tether’s long-awaited audit, QuickBooks Live’s overhaul, and practical AI workflows small firms can use today.
Sponsors
Digits - http://accountingpodcast.promo/digits
OnPay - http://accountingpodcast.promo/onpay
Thomson Reuters - http://accountingpodcast.promo/taxautomation
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(00:00) - AI Biggest Audit Shift (01:35) - Headlines And Sponsors (02:20) - Digits AI Ledger (04:02) - Nvidia Deal Explained (06:31) - Enron Echoes And SPVs (09:46) - Bubble Risks And GAAP (12:31) - EY Audit Efficiency Claims (15:25) - PCAOB Reports Debate (17:40) - OnPay Payroll Sponsor (18:53) - FinCEN Ends BOI (19:52) - Audit AI Adoption Stats (21:08) - PCAOB Must Set AI Rules (25:52) - Quarterly Reporting Comments (29:17) - Tether Finally Audited (33:17) - Thomson Reuters Tax Automation (35:07) - Ancient Rome Tax Scam (38:45) - Why Tax Fraud Meant Death (39:18) - Clients Want AI Dashboards (39:45) - Small Firm AI Workflows (44:35) - Sponsor Cloud Staffing (45:49) - AI Raises Client Demands (46:27) - Audit Disruption Debate (48:35) - QuickBooks Live Rebrand (51:10) - Taiwan Receipt Lottery (54:40) - OnPay Benefits Upgrade (01:05:17) - Switch Payroll Midyear (01:09:19) - Wrap Up And CPEShow Notes
'Shades of Enron': Michael Burry shorts Nvidia as its $500 billion chip-financing deal fuels a bubble
https://sg.finance.yahoo.com/news/nvidia-ai-push-echoes-enron-123355872.html
EY leverages AI for audit
https://www.accountingtoday.com/news/ey-leverages-ai-for-audit
In ancient Rome, tax fraud was punishable by death
https://www.popsci.com/science/tax-fraud-death-penalty-ancient-rome/
PCAOB inspection reports of largest audit firms show improvements
FinCEN ends beneficial ownership reporting
https://www.accountingtoday.com/news/fincen-ends-beneficial-ownership-reporting
Gartner Survey Finds Audit Teams' AI Use is Common, But Most Teams are Lacking Strategic Adoption and Application
It's Time for the US Audit Board to Set Corporate AI Standards
SEC quarterly earnings proposal draws flood of public complaints
Firms (and Some Guy Obsessed With China) Have Weighed in on the PCAOB Turning an Eye to AI
Tether says KPMG issued 'clean' opinion in first full audit of USDT issuer's financials
Real-life ways small firms use AI
https://www.journalofaccountancy.com/issues/2026/aug/real-life-ways-small-firms-use-ai/
QuickBooks Live is Dead, Long Live Intuit Experts
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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What does episode 500 reveal about where accounting is headed? Blake Oliver and David Leary celebrate the milestone with CFO.com’s Adam Zaki and Going Concern’s Adrienne Gonzalez. They unpack AI’s pressure on billable hours, shrinking entry-level pathways, the changing route to CFO, and PwC’s canceled Disney intern event. Plus, Blake shares what happened after NASBA challenged his CPE comments.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Canopy - http://accountingpodcast.promo/canopy
Thomson Reuters - http://accountingpodcast.promo/taxautomation
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(00:00) - (00:20) - Episode 500 Kickoff (02:59) - Origin Story Live Chat (07:22) - Billable Hour Fading (13:36) - AI Knowledge vs Data Risk (16:21) - PwC Intern Disney Cut (24:31) - Pyramid to Diamond Firms (34:29) - CFO Pathway Disrupted (37:25) - AI Without Apprenticeship (38:55) - Would You Work for AI (39:47) - CFO Pipeline Shrinking (41:11) - Skipping Entry Level (43:15) - Simulations vs Real Work (45:05) - Metaverse Training Fail (47:35) - Crypto Fraud Irony (49:10) - Listener Milestones (51:58) - Billable Hour Debate (01:01:21) - AI Auditing Future (01:02:33) - NASBA Speech Clash (01:11:48) - Wrap Up and ThanksShow Notes
CrossCountry Consulting's new co-CEOs say billable hour is 'waning'
Diamonds May Be a Firm's Best Strategy: How AI Is Rewriting the Structure of Modern Practice
Teikametrics CFO Brian Beaupre says the career path he took is disappearing
The Age of Artificial Intelligence: Quinnipiac University Poll on AI
https://poll.qu.edu/poll-release?releaseid=3955
We Went to the Boot Camp Where KPMG Teaches Auditors to Think Critically
https://www.wsj.com/business/kpmg-summer-interns-auditing-ai-training-941ad5cc
In Case You Didn't Hear, PwC Interns Won't Be Swarming Disney World This Year
Bitquery CEO Faces $5M Theft Claim, 194 Records Deleted
https://www.analyticsinsight.net/news/bitquery-ceo-faces-5m-theft-claim-194-records-deleted
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Thu, 13 Aug 2026 - 611 - Grant Thornton to Acquire CBIZ & Trump Puts Immunity Over Blanche
Could Grant Thornton’s $5 billion CBIZ deal create a Big Five? Blake and David unpack the private-equity-backed combination, what it means for accounting firm ownership, and why controller talent is still hard to find. They also examine AI’s effect on finance judgment—and why nearly half of Gen Z workers say it makes them less intelligent—plus tariff refunds, audit scrutiny, and rising software prices.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
Thomson Reuters - http://accountingpodcast.promo/taxautomation
Veltrix - http://accountingpodcast.promo/veltrix
Chapters
(00:00) - TAP 499 (02:17) - Livestream and CPE Plug (03:12) - Grant Thornton Buys CBIZ (04:35) - Stock Spike and Activists (09:06) - PE Strategy and IPO Exit (11:09) - Deal Size vs Big Four (13:21) - Trump Immunity and Nominee (16:39) - EY Hack Claim Explained (18:56) - Trump Deal Appeal Update (21:37) - Controller Hiring Crunch (23:21) - Senior Pay Flattening (26:24) - Corporate Hiring Demand (27:59) - AI Boosts Finance Judgment (29:38) - Claude Transforms Forecasting (30:43) - Gen Z AI Dependency Fears (34:32) - Xero Price Hike Backlash (36:45) - Lovable Connector Moat (40:38) - Agents Use Existing SaaS (45:29) - Tariff Refund Windfall (48:20) - NYC Pied-a-Terre Tax (51:44) - PwC UK Audit Failures (55:03) - Wrap Up and Episode 500Show Notes
Grant Thornton Advisors to acquire CBIZ in $5 billion transaction
Accounting Firm CBIZ Urged by Activist Investor to Pursue M&A
Trump floats pulling Blanche's AG nomination until after GOP holdouts leave office
https://www.cnbc.com/2026/07/30/trump-blanche-ag-doj-cornyn-tillis.html
Donald Trump's tax audit immunity remains in place as Blanche's path to confirmation is cleared
Ernst & Young data breach claimed by ShinyHunters extortion gang
2026 Corporate Finance & Accounting Talent Research Study
https://controllerscouncil.org/2026-corporate-finance-accounting-talent-research-study/
Accounting's missing middle
https://www.accountingtoday.com/news/accountings-missing-middle
A third of companies look to increase finance and accounting hires
AI's top value for finance now lies in improving judgment, not efficiency
https://finance.yahoo.com/technology/ai/articles/ai-top-value-finance-now-085159658.html
Nearly Half of Gen Z Workers Say AI is Making Them Less Intelligent
Xero Announces U.S. Subscription Price Changes
https://www.xero.com/us/pricing-plans/update/
Introducing the Lovable Xero connector: build on your Xero data, no code required
We Peaked at 30 AI Agents. Now We're Coming Back Down to 20
Amazon Got a $600 Million Tariff Refund, Some Going to Shoppers
https://www.cnbc.com/2026/07/30/amazon-trump-tariff-refunds.html
NYC Extends Deadline for Pied-à-Terre Tax Exemption Applications to Sept. 18
Staten Island Homeowners Say They Fear for Safety After Names, Addresses Published on NYC Tax List
PwC Fined $4.4 Million by UK Watchdog Over Babcock Audit Failures
https://www.globalbankingandfinance.com/uk-financial-watchdog-fines-pwc-4-4-million-over-babcock/
New York Governor Trolls LeBron James with Tax on Rumored NYC Home
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Subscribe to the Earmark Podcast: ...Tue, 04 Aug 2026 - 610 - IRS Chief Spied on Colleagues & Out of Control AI
Could an AI agent decide to hack a system, or cancel your software subscription just to complete its task? Blake and David examine reports of AI agents escaping guardrails, flooding IRS rulemaking with generated comments, and taking autonomous business actions. They also trace accounting from ancient clay tokens to today’s AI economy, exploring why calculating profit and trustworthy records matter more than ever.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
The Value Builder System - http://accountingpodcast.promo/value
OnPay - http://accountingpodcast.promo/onpay
Veltrix - http://accountingpodcast.promo/veltrix
Chapters
(00:00) - Profit First Accounting (00:33) - Dumb Accounting AI (02:40) - AI Guest Pitch Email (07:21) - When Agents Go Rogue (09:38) - OpenAI Agent Hacks Out (11:57) - Waymo Laws And Goals (16:33) - IRS Chief Spy Claims (19:28) - AI Floods IRS Comments (23:30) - SaaStr AI Cancels SaaS (28:09) - Ode To Accounting Site (29:54) - Accounting Births Writing (31:24) - Double Entry Changes Everything (32:09) - Industrial Era Standards (33:29) - Internet Cloud And AI (34:19) - Hosts React Tokens Return (36:49) - Profit Cost Accounting And AI (39:33) - Round Tripping Explained (44:00) - IRS EIN Breakdown (46:19) - Trump Accounts Adoption (48:20) - Tax Leak Sentencing Debate (50:23) - KPMG Australia Shakeup (52:09) - QuickBooks MCP Workflows (55:52) - Intuit Card Versus Ramp (57:35) - Ramp Stablecoin And Token Spend (01:00:39) - Wrap Up And Where To Find UsShow Notes
OpenAI and Hugging Face partner to address security incident during model evaluation
https://openai.com/index/hugging-face-model-evaluation-security-incident/
Trump's IRS Chief Frank Bisignano Accused of Using Hi-Tech Software to Spy on Colleagues' Emails at JPMorgan
IRS blitzed with AI-generated comments on proposed tax rules
https://www.accountingtoday.com/news/irs-blitzed-with-ai-generated-comments-on-proposed-tax-rules
Your Agents Are About to Start Firing Your Vendors. Ours Fired Marketo.
https://www.saastr.com/your-agents-are-about-to-start-firing-your-vendors-ours-fired-marketo/
Basis offers AI agents, love letters and an ode to accounting
https://www.accountingtoday.com/news/basis-offers-ai-agents-love-letters-and-an-ode-to-accounting
7 Million Trump Accounts Have Been Opened, Administration Says
DC Circuit Denies Littlejohn Appeal and the Need for Privacy Protections Remains
KPMG Australia appoints new CEO
https://www.internationalaccountingbulletin.com/news/kpmg-australia-appoints-new-ceo/
KPMG Fires Former COO Eileen Hoggett Over Confidentiality Breach
https://news.ssbcrack.com/kpmg-fires-former-coo-eileen-hoggett-over-confidentiality-breach/
QuickBooks Expands Into Claude and ChatGPT with New Features
Intuit Launches Business Credit Card That Brings Spend Management, Rewards, and Insights Together in QuickBooks
Ramp Brings Stablecoin Accounts and Payments to All Customers
Ramp Launches AI Token Spend Controls
https://www.prnewswire.com/news-releases/ramp-launches-ai-token-spend-controls-302827389.html
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Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Fri, 31 Jul 2026 - 609 - How Sam Leon Uses Claude Cowork to Prep Tax Returns 5x Faster
Can one accountant really do tax prep five times faster with AI? Blake and David talk with Sam Leon, founder of The Millennial CPA, about how he uses Claude projects to turn client documents into tax workpapers, speed up review, and run a solo firm built around software. They also dig into where AI still falls short, why review remains the bottleneck, and what firms can realistically automate today.
Sponsors
Digits - http://accountingpodcast.promo/digits
The Value Builder System - http://accountingpodcast.promo/value
OnPay - http://accountingpodcast.promo/onpay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(00:00) - Autonomous AI Reality Check (00:11) - Show Welcome and Interview Tease (00:55) - Sponsor Spotlight Digits (02:34) - Trump IRS Deal Dismissed (05:20) - California Billionaire Tax Fight (07:35) - New York Pied a Terre Tax (09:29) - Sponsor Spotlight Value Builder System (11:18) - Xero CEO Pay and Stock Sale (16:39) - Verification Tax and AI Jobs (22:06) - Sponsor Spotlight OnPay (23:21) - 1948 IBM Accounting Machine Lesson (29:56) - Sponsor Spotlight Cloud Accountant Staffing (31:07) - Meet Sam Leon Millennial CPA (32:01) - Solo Firm Vision (33:15) - From Big Firms to Millennial CPA (35:42) - Why AI Agents Weren’t Ready (37:19) - Automating Tax Prep Workflow (40:33) - Smart Intake for Better Scoping (43:06) - End to End Return Automation (46:04) - AI Workpapers and Review (49:38) - Claude Setup and Time Savings (58:18) - Tech Spend and Pricing Strategy (01:02:52) - Building TaxWeave Platform (01:06:21) - Wrap Up and CPE InfoShow Notes
Judge Smacks Down Trump's IRS Settlement And Orders Sanctions
https://www.cnn.com/2026/07/13/politics/trump-irs-judge-ruling-settlement-sanctions
Instead of Uniting the Left, California's Billionaire Tax Measure Has Split Democratic Allies
NYC lawyers slam pied-a-terre tax as a half-baked money grab
A 1948 IBM computer with no memory at all, fed by punchcards, was still doing the accounting at a Texas filtration company as recently as 2020
https://scienceblog.com/t-1948-ibm-402-punchcards-sparkler-filters-accounting-2020/
Time saved by AI partially canceled out by time spent checking AI
Research Suggests Jobs May be Safer at Companies that Embrace AI
AI Is No Longer Just a Tech Occupation Story: It's Spreading Across Job Titles in the US and Europe
https://www.hiringlab.org/2026/07/08/ai-is-no-longer-just-a-tech-occupation-story/
The 2026 Best Accounting Firms for Technology
https://www.accountingtoday.com/list/the-2026-best-accounting-firms-for-technology
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Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comMeet Our Guest, Sam Leon, CPA
LinkedIn: https://www.linkedin.com/in/samuelaaronleon/
Website: https://www.millennialcpa.tax/
Website: https://www.taxweave.ai/Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.
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Subscribe
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Sat, 25 Jul 2026 - 608 - How Much Will World Cup Players Pay in Taxes & Xero's New AI Agent Builder
What do World Cup taxes, AI-built accounting tools, and remote work have in common? In this episode, Blake and David unpack how tax rules hit global athletes and sports bettors, why Xero’s new AI products signal a shift toward accountants building their own software, and where firms still face risk with audit standards, cybersecurity, and homegrown apps. You’ll also hear what’s really happening with remote work and a listener correction on Trump accounts.
Sponsors
Canopy - http://accountingpodcast.promo/canopy
OnPay - http://accountingpodcast.promo/onpay
The Value Builder System - http://accountingpodcast.promo/value
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(00:00) - Cold Open and Welcome (00:27) - World Cup Chat Setup (04:04) - World Cup Player Taxes (06:58) - Betting and Prediction Taxes (09:47) - Xerocon London Highlights (12:58) - Xero Ultra Midmarket Push (15:31) - Xero Force Agent Builder (20:56) - More Xero Updates (23:22) - App News Canopy Close (26:13) - TaxDome Kiosk In Person (27:34) - Rippling Banking Payroll (29:37) - Exit Readiness Pitch (30:30) - AI Audits Need Rules (32:40) - QC 1000 Rollbacks (35:58) - CBIZ Activist Pressure (39:04) - Vibe Coding Boom (40:41) - DIY Tools Hidden Risks (48:05) - WISP Versus Security (48:57) - Remote Work Reality (50:13) - AI Usage Cost Chaos (54:13) - Trump Accounts Correction (58:23) - AI Handles CPE Reporting (01:01:13) - CPE Plug And FarewellShow Notes
World Cup players face tax penalties
https://www.accountingtoday.com/news/world-cup-players-face-tax-penalties
How Much Will World Cup Players Pay in Taxes? In 2026, FIFA is the Real Winner
https://www.cpapracticeadvisor.com/2026/07/06/fifa-is-the-real-winner-of-the-2026-world-cup/186247/
World Cup Betting Tax Rules Differ for Prediction Markets, Sportsbooks
Xero CEO on AI, the builder class and Xero at 20
https://www.accountingweb.co.uk/tech/tech-pulse/xero-ceo-on-ai-the-builder-class-and-xero-at-20
How we're building Xero to scale with growing businesses
https://blog.xero.com/product-updates/xero-ultra-launch-scaling-businesses/
Introducing XeroForce: Your no code custom AI agent builder for financial workflows
https://blog.xero.com/news-events/introducing-xeroforce-ai-agent-builder/
Paying your bills just got cheaper: Standard ACH is now free in Xero
Xerocon London 2026: The Agentic Era Has Arrived for Small Business Finance
https://blog.xero.com/product-updates/xerocon-london-2026-agentic-era-small-business-finance/
TaxDome Launches Kiosk: The In-Person Client Experience, Now Digitally Integrated
Rippling Launches Business Banking
https://www.cpapracticeadvisor.com/2026/06/23/rippling-launches-business-banking/185574/
MindBridge urges clearer PCAOB guidance on AI audits
https://itbrief.co.uk/story/mindbridge-urges-clearer-pcaob-guidance-on-ai-audits
PCAOB Issues Proposed Amendments to QC 1000 and Seeks Public Comment
Restarting the M&A Flywheel — CBIZ, Inc.
Starbucks starts vibe coding enterprise stack
https://www.semafor.com/article/07/09/2026/starbucks-starts-vibe-coding-enterprise-stack
Software vendors aren't losing sleep over vibe-coding — yet
https://www.accountingtoday.com/news/software-vendors-arent-losing-sleep-over-vibe-coding-yet
Most accounting firms can be impersonated by email – we checked 275 of them
Despite return-to-office crackdowns, remote work is alive and well as the rate has barely changed over the last two years
AI bills are baffling the C-suite after shift to usage-based pricing
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Fri, 17 Jul 2026 - 607 - Aussies Want to Break up Big Four & Trump Accounts Go Live on the 4th
What if one tax break could give your child a head start or hand them a pile of money at 18? Blake and David unpack the new Trump accounts, who should use them, and why advisors are split. They also dig into Australia’s latest Big Four scandal, worsening IRS service, AI’s growing role in tax and training, and what these shifts mean for accountants, firms, and clients.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Canopy - http://accountingpodcast.promo/canopy
The Value Builder System - http://accountingpodcast.promo/value
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(00:00) - TAP 495 (01:40) - Sponsor Break OnPay (03:11) - Trump Accounts Basics (04:39) - Risks Versus 529 Plans (08:46) - Roth Conversion Strategy (11:27) - Big Four Scandals Australia (15:02) - Sponsor Break Canopy (16:26) - Coca-Cola Transfer Pricing Fight (21:38) - IRS Data Sharing Mess (23:41) - Tax Season Report Card (26:25) - IRS Help Centers Secret Shop (28:31) - Sponsor Break Value Builder (29:47) - IRS Chatbots Gone Wrong (30:36) - IRS Chatbot Failures (31:37) - Nonprofit Enforcement Push (33:29) - Is Nonprofit Fraud Real (36:27) - Sponsor Cloud Staffing (37:46) - California Billionaire Tax (42:01) - Florida Property Tax Shakeup (45:56) - AI Changes Teamwork (49:12) - AI Automates CPE Reporting (52:17) - KPMG Tax Training Simulator (56:15) - Accounting Firms Robbed (57:10) - Wrap Up and CPE PlugShow Notes
Why advisors do and don't recommend Trump accounts
https://www.accountingtoday.com/news/why-advisors-do-and-dont-recommend-trump-accounts
The Trump Accounts rollout is the biggest advisory opportunity most accountants are missing
Australia weighs break-up of Big Four accounting firms after scandals
EY staffer fired after allegedly accessing Prime Minister's bank account
Coca-Cola Meets Sympathetic Judges in $20 Billion IRS Case
TIGTA: IRS Has Data-Sharing Pacts with Over 1,120 Organizations, Some of Which It Can't Identify
National Taxpayer Advocate issues 2026 mid-year report to Congress
https://www.irs.gov/newsroom/national-taxpayer-advocate-issues-2026-mid-year-report-to-congress
IRS Taxpayer Assistance Centers provided wrong answers to tax questions
IRS chatbot results may be wrong
https://www.accountingtoday.com/news/irs-chatbot-results-may-be-wrong
IRS gives tax-exempt groups closer scrutiny
https://www.accountingtoday.com/news/irs-gives-tax-exempt-groups-closer-scrutiny
2026 California billionaire tax initiative
https://en.wikipedia.org/wiki/2026_California_billionaire_tax_initiative
Semantic schism: Ron DeSantis rebukes Wall Street Journal jab at 'progressive' property tax measure
https://floridapolitics.com/archives/801396-desantis-wsj-progressive/
KPMG Turns to AI Simulations to Replace Years of Repetitive Tax Training as Automation Reshapes White-Collar Work
Three suspects sought after accounting firm robbery in Markham
https://www.cp24.com/news/2026/06/30/three-suspects-sought-after-accounting-firm-robbery-in-markham/
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Wed, 08 Jul 2026 - 606 - Fake AI Receipt Fraud Soars & Big Firms Losing Power
Are fake AI receipts becoming the next big headache for finance teams? Blake Oliver and David Leary unpack the surge in AI-generated expense fraud, why tax pros are rapidly adopting AI research tools, and how firms are using AI to automate month-end close and revenue recognition. They also cover NASBA’s response to criticism, Intuit’s renewed focus on accountants, and the implications of private equity and a shifting work culture for the future of accounting firms.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
The Value Builder System - http://accountingpodcast.promo/value
OnPay - http://accountingpodcast.promo/onpay
Chapters
(00:00) - AI Tax Research Surge (00:23) - Show Intro and Lead Story (02:11) - AI Receipt Fraud Explodes (04:42) - Fraud Types and Detection (06:32) - Vibe Coding Goes Mainstream (10:19) - Claude for Rev Rec Workpapers (11:48) - NASBA Letter Follow Up (17:38) - Earmark CPE and New Audit Show (20:08) - Intuit Courts Accountants (23:04) - AI in Tax and IRS Guidance (28:45) - Hourly Billing Debate (29:10) - Disclosing AI Use (29:36) - NASBA Free Speech Question (31:34) - Customer Focus vs Regulation (35:52) - AI Close Tools Meridian (37:38) - DIY Agents for Accounting (39:20) - Claude Builds Rev Rec (44:46) - Eide Bailly Takes PE (48:06) - Big Firms Losing Control (53:01) - PE Meets Culture Shift (53:55) - Wrap Up CPE and PricingShow Notes
Use of AI receipts in expense fraud soars
https://www.accountingtoday.com/news/use-of-ai-receipts-in-expense-fraud-soars
The future of the ecosystem: Is everyone a developer now?
https://devblog.xero.com/the-future-of-the-ecosystem-is-everyone-a-developer-now-f3899ddf0b24
Blue J and CPA.com Survey Finds AI Adoption Among Tax Firms Has Nearly Doubled in One Year
IRS rolls out introductory AI guidelines for tax practitioners
https://www.accountingtoday.com/news/irs-rolls-out-introductory-ai-guidelines-for-tax-practitioners
IRS electronic tax advisory committee recommends AI and preparer safeguards
The end of hourly billing Ignition's 2025 benchmark signals pricing shift for firms
Intuit CEO to accountants You are the customer not a channel
https://www.accountingtoday.com/news/intuit-ceo-to-accountants-you-are-the-customer-not-a-channel
Pilot Launches Meridian The AI Platform That Fully Closes the Books for Accounting Firms
Kinter.ai Launches Agentic AI Accountants to Automate The Financial Close
Eide Bailly Advances Growth Strategy and Client Service Commitment Through Investment from Reverence Capital Partners
https://www.eidebailly.com/insights/firm-news/2026/reverence-capital-partners-investment
With 1.8 Billion Dollar Deal Eide Bailly Set for Explosive Growth
https://cpatrendlines.com/2026/06/25/with-1-8-billion-deal-eide-bailly-set-for-explosive-growth/
Losing Control The Erosion of Disciplinary and Pastoral Power in Accounting Firms
https://onlinelibrary.wiley.com/doi/10.1111/1911-3846.70028
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher:Sun, 05 Jul 2026 - 605 - KPMG Withdraws AI Report Full of "Vibe Citations"
Can AI really clean up messy bookkeeping—and what happens when firms trust it too much? Blake and David break down KPMG’s error-filled AI report, the Pentagon’s new “Agentic Auditor,” and State Farm’s move to tie agent pay to AI. Blake also shares how he used Claude to complete two years of write-up work in hours, with practical lessons on where AI helps, where it fails, and why human review still matters.
Sponsors
Canopy - http://accountingpodcast.promo/canopy
The Value Builder System - http://accountingpodcast.promo/value
OnPay - http://accountingpodcast.promo/onpay
Chapters
(00:00) - TAP 493 (02:20) - KPMG AI Report Scandal (04:01) - GPTZero Findings Breakdown (05:16) - Hallucinated Case Studies (07:18) - Pentagon Turns to AI Audits (08:33) - Microsoft Copilot Cowork Launch (10:09) - Claude Cowork Write Up Win (15:22) - Recon Fixes and Loan Discovery (20:48) - Future of Agentic Accounting (24:06) - Livestream Q and A TaxGPT (27:01) - AI Review and Human Loop (28:38) - QuickBooks AI Gripe Vibe Coding (31:15) - OnPay Payroll Pitch (32:10) - CPA Fees Rising (33:58) - State Farm AI Agents (37:09) - SpaceX IPO Accounting (39:31) - Musk Disclosure Shift (41:02) - Quarterly Reporting Debate (46:31) - Celebrity Accountant Fraud (50:52) - KPMG Summer Perk Cut (52:24) - Intuit Humanizing AI (55:22) - IRS Data Shared With ICE (57:56) - CPE And FarewellShow Notes
Chasing the Hallucinations: KPMG's AI-Powered Attempt at "Redefining Excellence"
https://gptzero.me/news/investigations-kpmg/
KPMG's AI report becomes an accidental demo of AI hallucinations
Pentagon turns to AI in push for clean financial audit by 2028https://www.stripes.com/theaters/us/2026-06-11/pentagon-audit-ai-contract-21941885.html
Copilot Cowork is now generally available
Tax Prep Billing Rates Lift Busy Season 2026
State Farm overhauls agent contracts, mandates AI usehttps://finance.yahoo.com/technology/ai/articles/state-farm-overhauls-agent-contracts-115756712.html
SpaceX CFO Bret Johnsen quietly engineered its historic IPO and became an overnight billionairehttps://fortune.com/2026/06/13/spacex-cfo-bret-johnsen-overnight-billionaire-ipo/
SpaceX CFO Bret Johnsen joins billionaire ranks after $75B IPO: Trial Balance
Investors oppose semiannual reporting, says pollhttps://www.accountingtoday.com/news/investors-oppose-semiannual-reporting-says-poll
CFA Institute Investor Perspectives: Quarterly Reporting 2026
The Global Freelancer Pay Gap Reporthttps://www.remitly.com/us/en/landing/global-freelancer-pay-gap
Nick Cannon's Business Accountant Allegedly Embezzles $2 Million, Flees U.S.https://www.tmz.com/2026/05/08/nick-cannon-business-manager-embezzled-millions/
KPMG scraps summer early Friday finish for staffhttps://www.cityam.com/kpmg-scraps-summer-early-friday-finish-for-staff/
Intuit hires Mother to humanize the QuickBooks maker's AI pitchhttps://adage.com/agencies/accounts-in-review/aa-intuit-hires-mother-as-creative-strategy-partner/
After issuing more than $20 billion in tariff refunds, the Trump administration is now pursuing legal action to bring the process to a standstill
IRS gave 47,000 taxpayers' addresses to ICEhttps://www.accountingtoday.com/news/irs-gave-47-000-taxpayers-addresses-to-ice
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Thu, 25 Jun 2026 - 604 - AICPA Says By 2040 Compliance Will Be Automated
Will AI really automate most accounting work by 2040? Blake and David unpack what they heard at AICPA Engage, from deterministic AI agents and rising accounting enrollment to private equity’s growing influence on firms. Plus, Blake shares an exclusive interview with FICPA CEO Shelly Weir on Florida’s fight to protect CPA licensure. Listen to understand where the profession is heading—and what accountants may need to do next.
Sponsors
Digits - http://accountingpodcast.promo/digits
OnPay - http://accountingpodcast.promo/onpay
Savant Labs - http://accountingpodcast.promo/savant
R.E. Cost Seg - http://accountingpodcast.promo/recostseg
Chapters
(00:00) - Cash Stolen In Bay Ridge (00:27) - Podcast Welcome Back (02:58) - Engage Conference Takeaways (03:58) - Hidden Vibe Coding (07:50) - Rise 2040 Automation Report (10:47) - Human In The Lead Debate (15:09) - Top Firm Concerns 2026 (18:29) - OpenAI Finance Team Lean (21:52) - Enrollment Up And CPA Pathways (25:19) - 7000 Cash Theft Revisited (26:52) - KPMG Whistleblower Scandal (28:33) - Crowe Gets 3B PE Deal (30:07) - Red Lobster AI Conspiracy (31:30) - PE Cross Selling Risks (33:39) - CPA Trust Campaign Launch (36:17) - Florida Licensure Threat (37:14) - Why Shelly Stayed Quiet (39:13) - What The Bill Proposed (43:28) - Why Deregulation Happened (45:46) - How FICPA Stopped It (48:46) - Mobility And Modernization (01:00:04) - CPE And Future Battles (01:03:59) - Wrap Up And Next StepsShow Notes
Man Accused of Stealing $7K from Accounting Firm in Brooklyn
AICPA and CIMA Launch Rise2040: Shaping the Future of Finance and Accounting
The AICPA Asks: Are You Ready for Accounting in 2040?
https://www.accountingtoday.com/news/the-aicpa-asks-are-you-ready-for-accounting-in-2040
OpenAI CFO Sarah Friar Offers a Look Inside the Company's Finance Function
Accounting Undergrad Enrollment Up 9%
https://www.accountingtoday.com/news/accounting-undergrad-enrollment-up-9
3 More States Pass CPA Pathways Legislation
https://www.cfodive.com/news/3-more-states-pass-cpa-pathways-bills-accounting/821649/
A Master's Degree Isn't the Job Guarantee It Used to Be
https://www.wsj.com/articles/a-masters-degree-isnt-the-job-guarantee-it-used-to-be
KPMG Secretly and Repeatedly Accessed a Whistleblower's Computer, Then Shared the Files with Its CEO
https://thenextweb.com/news/kpmg-accessed-whistleblower-computer
Crowe Gets PE Investment from KKR
https://www.accountingtoday.com/news/crowe-gets-pe-investment-from-kkr
57% Say PE Threatens the CPA Brand. But They'll Take the Money.
Red Lobster's CEO Says He's Going to Transform the Chain into 'The Most AI-Forward Restaurant Company That Exists'
https://finance.yahoo.com/sectors/technology/articles/red-lobsters-ceo-says-hes-153500558.html
Stephano Slack Scores PE Funding
https://www.accountingtoday.com/news/stephano-slack-scores-pe-funding
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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REFRAME 2026 - http://accountingpodcast.promo/reframe2026
Flowglad -Thu, 18 Jun 2026 - 603 - AI Beats Humans at Bookkeeping & Powers Finance Team of One
Can AI now do bookkeeping better than humans? Blake and David dig into new data showing major AI models outperforming outsourced accountants on basic transaction coding, then explore what that means for firms, finance teams, and the future of audit. They also cover a one-person finance team powered by AI agents, KPMG’s scramble to keep up, and why the accounting talent shortage still isn’t going away.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
The Value Builder System - http://accountingpodcast.promo/value
R.E. Cost Seg - http://accountingpodcast.promo/recostseg
Chapters
(00:00) - TAP 491 (00:38) - Top stories preview (03:23) - OnPay support story (04:08) - Finance team of one (06:49) - LLMs vs humans benchmarks (09:15) - Ramp Stack agents (13:04) - Digits interview begins (19:55) - Outcome pricing and skills (28:05) - Livestream Q&A reactions (29:27) - Future of audit Oath (30:29) - Oath AI Audit Vision (31:46) - Continuous Audit Workflow (32:21) - Business Model Debate (33:02) - Big Four On Alert (33:07) - Accounting Engineer Hiring (33:47) - KPMG Courts AI Startups (35:15) - Talent Shortage Worsens (36:31) - Why Seniors Are Scarce (39:55) - Ramp Stack AI Agents (47:14) - Procurement Agents And Valuation (48:50) - KPMG Token Maxing Dashboard (52:31) - KPMG Australia Fallout (54:45) - Trump Tax Settlement Update (56:14) - IRS Leadership Vacuum (59:28) - Wrap Up And Earmark NewsShow Notes
Digits "Beyond the AI Hype" Benchmark — AI Models Now Beat Human Accountants
Ramp Launches Stack, an AI Operating System for Accounting Firms
Ramp Launches Fleet of AI Agents Across Its Procurement Platform
Ramp Raises $750 Million Series F at $44 Billion Valuationhttps://www.prnewswire.com/news-releases/ramp-raises-series-f-at-44-billion-valuation-302791103.html
Accounting Talent Shortage Surges — Accounting Todayhttps://www.accountingtoday.com/news/accounting-talent-shortage-surges
Ex-PCAOB Regulator Joins AI Audit Startup Oath Targeting 80% Automationhttps://thefinancestory.com/ex-pcaob-regulator-joins-ai-native-audit-firm-oath
KPMG Exploring Start-Up Deals in Silicon Valley to Counter AI Threat — Financial Timeshttps://www.internationalaccountingbulletin.com/news/kpmg-exploring-start-up-deals/
KPMG Sets 75% AI Usage Target with New Dashboard, Employees Flag It's Easy to Game — Business Insiderhttps://www.aol.com/articles/kpmg-now-dashboard-where-consultants-154532433.html
Amazon Shuts Down Internal AI Leaderboard After Employees Inflate Usage via Tokenmaxxing
KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Scandal
Trump Administration Drops $1.8 Billion Anti-Weaponization Fund — Todd Blanche Testimonyhttps://www.cnbc.com/2026/06/02/doj-fund-trump-todd-blanche.html
Bessent Says He Is Performing IRS Commissioner Duties Amid Trump Tax Settlement Scrutinyhttps://www.cnbc.com/2026/06/03/bessent-irs-commissioner-trump-tax-settlement-doj-fund.html
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast<...Wed, 10 Jun 2026 - 602 - What CBIZ Means for PE, Starbucks Kills Off AI Inventory Counting
Is private equity betting on the wrong accounting firms? Blake and David break down CBIZ’s stock slide, why investors may be losing faith in the traditional firm model, and how AI could help smaller firms compete far above their size. They also cover Starbucks ditching AI inventory counts, Microsoft reining in AI tool costs, and what all of it means for accountants navigating automation, pricing, and the future of firm growth.
Sponsors
Canopy - http://accountingpodcast.promo/canopy
OnPay - http://accountingpodcast.promo/onpay
C&R Consulting - http://accountingpodcast.promo/cnr
Maxima.AI - http://accountingpodcast.promo/maxima
Chapters
(00:00) - TAP 490 (02:53) - CBIZ Stock Slide (06:13) - AI Threat to Firm Models (11:32) - EisnerAmper Anti AI Take (15:42) - Livestream Shoutouts (16:13) - New England CPA Society Merge (20:42) - Starbucks Kills AI Inventory (23:34) - NASBA Exam Data Mess (26:34) - Phoenix Call Center Jobs and AI (28:36) - Will AI Really Kill Jobs (31:09) - Spreadsheets Then AI Now (33:07) - Automation Enables CFO Services (35:08) - Microsoft AI Token Shock (36:31) - Managing Token Spend (39:27) - AI Architect Role (43:36) - Trump IRS Settlement Reopened (45:04) - Beneficial Ownership Bill (45:52) - Newsom 100% Tax Threat (46:57) - KPMG Australia Whistleblower (49:35) - Xero Force No Code Agents (54:03) - Xero Earnings Melio Impact (59:03) - Vibe Coding Real Examples (01:02:35) - Wrap Up Earmark CPEShow Notes
What Can We Learn from CBIZ?
https://www.accountingtoday.com/opinion/what-can-we-learn-from-cbiz
EisnerAmper on Accounting for AIhttps://www.privatefundscfo.com/eisneramper-on-accounting-for-ai/
State Societies Merge to Form New England Society of CPAshttps://www.accountingtoday.com/news/state-societies-merge-to-form-new-england-society-of-cpas
Starbucks Kills Off Its Automated Counting AI Tool After Just 9 Months
NASBA's CPA Exam Reporting Problems Are Improving, But Not Solved
Phoenix Built an Empire of Cubicle Jobs. AI Is Coming to Tear It Down.https://www.wsj.com/economy/jobs/phoenix-jobs-ai-call-centers-1ca1c3b3
Why the A.I. Job Apocalypse (Probably) Won't Happenhttps://www.nytimes.com/2026/05/03/opinion/ai-jobs-unemployment.html
Microsoft Cut Its Engineers Off from AI Because the Bill Got Too Bighttps://fortune.com/2026/05/22/microsoft-ai-cost-problem-tokens-agents/
Does Your Firm Need an AI Architect?https://www.accountingtoday.com/opinion/does-your-firm-need-an-ai-architect
Judge Reopens Trump's $10 Billion IRS Lawsuithttps://www.notus.org/donald-trump/trump-irs-suit-investigate-collusion
Newsom Vows California Will Impose 100% Tax on Trump's Anti-Weaponization Fund
AICPA Backs Bill Limiting Beneficial Ownership Reportinghttps://www.accountingtoday.com/news/aicpa-backs-bill-limiting-beneficial-ownership-reporting
KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Scandal
Xero FY26 Result: Revenue Surges 31% but Profit Dips Due to Melio Acquisition CostsNeed CPE?
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.
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Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser:Fri, 05 Jun 2026 - 601 - Intuit Stock Gets Hammered & Trump's Wild IRS Settlement
Is AI about to break the billable hour? Blake and David unpack what they heard at a major AI tax summit, where new tools promise to prepare complex returns in minutes instead of hours. They also debate Intuit’s stock slide, Trump’s extraordinary IRS settlement, and what shrinking oversight at the PCAOB could mean. You’ll hear where AI is already changing accounting—and where humans still matter most.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
The Value Builder System - http://accountingpodcast.promo/value
OnPay - http://accountingpodcast.promo/onpay
Maxima. AI - http://accountingpodcast.promo/maxima
Chapters
(00:00) - TAP 489 (02:24) - Blackor AI Tax Summit (03:14) - AI Agents Disrupt Tax (07:16) - Billable Hour Pressure (09:00) - Advisory Future Forecast (10:14) - Intuit Stock Shock (12:29) - TurboTax vs Tax Pros (17:31) - Intuit Layoffs Strategy (20:04) - Trump IRS Settlement (24:59) - PCAOB SEC Shakeup (27:33) - OnPay Payroll Pitch (28:42) - IRS Mystery Payments (30:48) - Busy Season Burnout (33:35) - California SaaS Tax Plan (34:54) - Big Four AI Hallucinations (36:48) - Are Consultants Replaceable (40:03) - AI Job Loss Chart (43:50) - Maxima Close Automation (45:12) - Musk Tax Return Training (46:03) - SpaceX IPO Breakdown (50:11) - CPE and Listener Q&A (52:51) - Wrap Up and ShoutoutsShow Notes
Intuit Lays Off 3,000 Employees Amid AI Push
https://officechai.com/ai/intuit-lays-off-3000-employees-amid-ai-push/
U.S. Government Agrees to Drop Tax Claims Against Trump in Broadening of IRS Settlement
https://www.npr.org/2026/05/19/g-s1-122938/irs-trump-settlement-tax-returns-audit
DOJ Settlement 'Forever' Bars IRS Trump Audits, Sparks Backlashhttps://tax.thomsonreuters.com/news/doj-settlement-forever-bars-irs-trump-audits-sparks-backlash/
U.S. Audit Watchdog Should Rescind Its Independence Rules, SEC Official Says
The SEC's New SOX Group – Potential Impacts for Audit Firms, Their Professionals, and Future PCAOB Enforcement
IRS to Develop System to Track Missing Payments, TIGTA Says
78% of Tax Pros Say Tax Season Negatively Impacts Personal and Professional Life
California Proposes Tax on All Digital Software Sales
EY Gets Busted and Yeets Cybersecurity Report Littered With AI Hallucinations
Investigation: Hallucinations in Ernst & Young Report on Loyalty Fraudhttps://gptzero.me/investigations/ey
Is AI Putting Graduates Out of Work Already?
Musk's xAI Fails to Pay Staff $420 for Giving Tax Returns to Grok
SpaceX Files for IPOhttps://spacenews.com/spacex-files-for-ipo/
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser:Fri, 29 May 2026 - 600 - Is GAAP Inflating the AI Bubble?
Is AI really the next Google—or are investors repeating the last tech bubble? Blake and David dig into OpenAI’s legal win, the accounting mechanics behind soaring AI valuations, and why cloud credits and paper gains may be inflating the market. They also explore what could make AI tools actually sticky for businesses, from workflow automation to personal finance and small-business use cases, and what all of this means for accountants.
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Chapters
(00:00) - TAP 488 (00:22) - Cash Flow Forecast Debate (00:29) - Road Show Updates (00:56) - Conference Rebrand News (01:31) - Nasdaq AI Summit Preview (04:29) - Livestream Check In (05:14) - Musk vs OpenAI Ruling (07:25) - AI Bubble Warning Signs (10:47) - Roundtrip Accounting Explained (15:38) - Paper Profits Hit Big Tech (18:28) - Do AI Giants Have Moats (27:15) - ChatGPT Personal Finance Push (30:54) - Agentic App Platforms (31:44) - Query Volume As Moat (33:00) - Claude Small Business Suite (35:20) - Cash Flow Forecast Debate (37:02) - AI Tax Workbook Example (41:03) - Personal Finance Is A Hobby (44:14) - Synthetic And Bench Lessons (47:16) - Why GLs Still Matter (50:43) - Klarna Rehires Humans (52:45) - Token Prices Will Rise (54:07) - Wrap Up And Next TimeShow Notes
Jury Dismisses Elon Musk's Lawsuit Against OpenAI Over Statute of Limitations
https://www.technologyreview.com/2026/05/18/1137488/elon-musk-suit-openai-verdict/
OpenAI Closes $122 Billion Funding Round, Largest in Silicon Valley History
Alphabet and Amazon Stakes in Anthropic Boost Profits by Billions
Half of Google's and Amazon's 'Blowout AI Profits' Came From a Stake in Anthropichttps://fortune.com/2026/04/30/google-amazon-ai-profits-anthropic-stake-bubble-earnings-2026/
What Microsoft's 10-Q Says About OpenAIhttps://om.co/2026/05/01/what-microsofts-10-q-says-about-openai/
OpenAI Launches ChatGPT for Personal Finance, Will Let You Connect Bank Accounts
Introducing Claude for Small Businesshttps://www.anthropic.com/news/claude-for-small-business
Sasha Orloff (Puzzle) LinkedIn Post: Klarna, AI Agent Costs, and Accounting Quality Riskhttps://www.linkedin.com/in/sashaorloff
Klarna Reverses Course on AI Customer Support, Resumes Human Hiring
Khosla Ventures Is Betting $10M on Ian Crosby, Whose Last Startup Bench Imploded
How Intuit Plans to Ride Out the 'SaaS-pocalypse' (CFO Brew Interview with CTO Alex Balazs)https://www.cfobrew.com/stories/2026/04/14/intuit-cto-alex-balazs-saas-pocalypse
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Tue, 26 May 2026 - 599 - SEC Prepares for Semi-Annual Reporting & the True Cost of the Iran War
Could public companies stop reporting every quarter? Blake and David break down the SEC’s push toward optional semiannual reporting, OpenAI’s new consulting arm, and what both moves could mean for accountants. They also cover tariff refund accounting, audit lawsuits, AI outperforming doctors in diagnosis tests, and why accountants may be better positioned than ever to build software and solve higher-value problems.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
C&R Consulting - http://accountingpodcast.promo/cnr
Fishbowl - http://accountingpodcast.promo/fishbowl
Chapters
(00:00) - TAP 487 (02:52) - Semiannual reporting shift (06:46) - OpenAI enters consulting (09:59) - True cost of Iran war (15:40) - Xero founder scandal (18:42) - Tariffs and refund accounting (24:51) - WNBA millionaire tax myth (28:18) - NYC pied a terre tax (31:42) - Education loans and accounting (34:58) - Chat Prompts Cyber Accounting (36:15) - PwC Audit Scandal Lawsuit (38:17) - BDO First Brands Fallout (40:50) - PCAOB QC Rule Debate (44:34) - RSM Layoffs Audit Demand (46:54) - AI Beats ER Doctors (49:18) - Chegg Disrupted By AI (51:13) - Rethinking Education Model (53:17) - Accountants As Vibe Coders (56:55) - Build Accounting In Excel (01:01:44) - Wrap Up CPE And TravelShow Notes
SEC, FASB Prepare for Semi-Annual Reporting Option
https://www.accountingtoday.com/news/sec-fasb-prepare-for-semi-annual-reporting-option
OpenAI Launches the OpenAI Deployment Company to Help Businesses Build Around Intelligence
https://openai.com/index/openai-launches-the-deployment-company/
Opinion | The Iran War Will Cost Trillionshttps://www.nytimes.com/2026/05/08/opinion/hegseth-war-cost.html
Global Economic Conditions Survey: Q1 2026https://www.accaglobal.com/us/en/professional-insights/global-economics/gecs-q1-2026.html
Xero Founder Sir Rod Drury Returns New Zealander of the Year Award Amid Misconduct Claims
Refunds on Trump Tariffs Pose Accounting Dilemmas for Companies
WNBA Star Kelsey Plum Shows Embarrassing Lack of Tax Knowledgehttps://thespun.com/wnba/wnba-star-kelsey-plum-shows-embarrassing-lack-of-tax-knowledge
Column: WNBA Star Kelsey Plum Is Taking Heat for Getting California Tax Law Wrong. But Don't Blame Her
New York's Pied-a-Terre Tax Sets Up Legal Fight Over Valueshttps://www.cnbc.com/2026/04/24/new-york-pied-a-terre-tax.html
Education Dept. Rejects Accounting as Professional Degreehttps://www.accountingtoday.com/news/education-dept-rejects-accounting-as-professional-degree
Corporate Travel's Accounting Shock: What It Means for PwC and the Wider Industry
First Brands Creditor Sues Auditor BDO Over Missed Red Flags
Layoff Watch '26: RSM Trims Down in Audithttps://www.goingconcern.com/layoff-watch-26-rsm-trims-down-in-audit/
AI Is Starting to Beat Doctors at Making Correct Diagnoseshttps://www.science.org/content/article/ai-starting-beat-doctors-making-correct-diagnoses
Chegg Was Dying Way Before ChatGPT – Chatbots Just Dealt the Fatal Blow
Anthropic's Boris Cherny: Why Coding Is Solved, and What Comes Nexthttps://www.youtube.com/watch?v=SlGRN8jh2RI
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Mon, 18 May 2026 - 598 - An AI-Powered Firm of One, KPMG Shuts Down Fed Audits
Sponsors
OnPay - http://accountingpodcast.promo/onpay
R.E. Cost Seg - http://accountingpodcast.promo/recostseg
C&R Consulting - http://accountingpodcast.promo/cnr
Fishbowl - http://accountingpodcast.promo/fishbowl
Chapters
(00:00) - TAP 486 (02:25) - Firm of One AI Tax (04:39) - Automating Firm Ops (09:35) - Claude Connectors Tested (17:45) - Sage Buys Doyen AI (19:48) - AI Efficiency Paradox (22:06) - Vibe Coding for CAS (26:06) - KPMG Federal Audit Exit (29:02) - Tariff Refund Lawsuits (31:15) - Tariffs and Job Losses (33:01) - IRS Lawsuit Snag (33:28) - Hearing Conflict Question (33:49) - Nonprofit Form 990 Shakeup (37:30) - Autofill Tax Return Bill (38:54) - IRS Whistleblower Boost (40:38) - Fed Nominee And Rates (42:39) - Jobs Data Doesn’t Add Up (44:28) - Intuit Hiring And Benefits (47:26) - Canopy AI Coworker Agents (52:34) - AI Meeting Notes To Tasks (54:58) - Procrastination Pays In AI (58:42) - Wrap Up CPE And EventsShow Notes
The 2026 Best Accounting Firms for Technology
https://www.accountingtoday.com/list/the-2026-best-accounting-firms-for-technology
AI Can Boost Productivity, but Who Sustains the Customer Economy?
Sage Acquires Doyen AI to Help SMBs Migrate and Go Live Faster with AI
KPMG Closes U.S. Federal Audit Practice, Trims Advisory Staffhttps://www.accountingtoday.com/news/kpmg-closes-u-s-federal-audit-practice-trims-advisory-staff
Gamers Sue Nintendo Over Tariff Refundshttps://www.gamefile.news/p/gamers-sue-nintendo-over-tariff-refunds
No, Tariffs Are Not Strengthening the Economyhttps://fortune.com/2026/04/29/tariffs-not-strengthening-economy-trump-trade-war-data/
Trump's $10 Billion IRS Suit Hits Snag with Skeptical Judge
IRS to Revamp Form 990 to Require More Info from Charitieshttps://www.accountingtoday.com/news/irs-to-revamp-form-990-to-require-more-info-from-charities
Congressman Introduces Bill to Autofill Tax Formshttps://www.accountingtoday.com/news/congressman-introduces-bill-to-autofill-tax-forms
House Passes IRS Whistleblower Program Improvement Acthttps://www.accountingtoday.com/news/house-passes-irs-whistleblower-improvement-act
Accountant Job Outlook & Demand Report 2026https://www.intuit.com/blog/innovative-thinking/accountant-job-outlook-demand-report/
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Transcripts
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Wed, 06 May 2026 - 597 - KPMG Lays Off 10% Audit Partners, Best AI Still Fails 1/5 Accounting Tasks
What does it mean when Big Four partners can be demoted—and AI still gets 1 in 5 accounting tasks wrong? Blake and David unpack KPMG’s audit partner cuts, EY and KPMG’s quiet partner demotions in the UK, PwC’s return-to-office push, and why firms like Decimal are rethinking tech-driven bookkeeping. They also debate AI’s limits in accounting, explore the future of CPE after a surprising Nasba warning, and explain what these shifts mean for accountants building their careers.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
Fishbowl - http://accountingpodcast.promo/fishbowl
Chapters
(00:00) - TAP 485 (01:47) - Bookkeeping Market Shakeup (02:38) - Decimal Pivots to Franchising (05:31) - AI Accuracy Reality Check (07:57) - Inventory Counts Still Human (10:28) - H&R Block Goes Year Round (11:55) - AI CEO Experiments and Limits (16:34) - Earmark Sponsor and NASBA Letter (21:37) - Context and CPE Reform Debate (26:11) - CPE Checkbox Culture (28:11) - Fixing CPE With AI (32:07) - Live Chat and Teams CPE (34:37) - Sponsor OnPay Break (35:51) - Big Four Partner Cuts (41:27) - AI Predicts Misstatements (43:31) - Sponsor Fishbowl Break (44:55) - Where Accountants Are Missing (48:39) - 150 Hour Rule Changes (49:19) - Wrap Up and ThanksShow Notes
The Best AI Model Still Fails 1 in 5 Accounting Tasks
DualEntry AI Accounting Benchmark (Claude Opus 4.7 Results)https://www.dualentry.com/blog/claude-opus-4-7-accounting-ai-benchmark-results
The Least Glamorous Side of Accounting That Still Can't Be Automatedhttps://controllerscouncil.org/the-least-glamorous-side-of-accounting-that-still-cant-be-automated/
Decimal Sells Its Accounting Firm to Franchise the Operating System Behind It
Collective Acquires Open Ledger to Accelerate All-in-One Financial Solution for Solopreneurshttps://www.axios.com/pro/fintech-deals/2026/04/22/collective-open-ledger-acquisition
H&R Block Wants to Be More Than a Tax Companyhttps://fortune.com/article/hr-block-tax-year-round-financial-adviser-fintech-innovation/
An AI Agent Takes Over a Store and Orders Too Many Candles
Customers Bank CEO Uses AI Clone on Earnings Call, Signs OpenAI Dealhttps://www.cnbc.com/2026/04/27/openai-partners-with-customers-bank-in-push-to-automate-finance.html
KPMG Lays Off 10% of US Audit Partnershttps://www.accountingtoday.com/news/kpmg-lays-off-10-of-us-audit-partners
KPMG and EY Demote Partners in End of Job-for-Life Model in UK
PwC Tells Remote Tax Staff to Get Their Butts Into the Officehttps://www.goingconcern.com/pwc-tells-remote-tax-staff-to-get-their-butts-into-the-office/
PwC Pays $166 Million to Settle HK Evergrande Audit Probe
Predicting Material Misstatements Using Machine Learning (Phys.org summary)https://phys.org/news/2026-predicting-material-misstatements-machine-learning.html
Is Your State Running Low on Accountants? (Sam's List Accountant Shortage Index)https://www.cpapracticeadvisor.com/2026/04/21/is-your-state-running-out-of-accountants/181991/
Kentucky Passes CPA Licensure Modernization Billhttps://www.accountingtoday.com/news/kentucky-passes-cpa-pathway-bill
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Apple Podcasts:Fri, 01 May 2026 - 596 - Firms Need New Metrics, Accountants Worried About Iran
Can the accounting profession grow with fewer people? Blake Oliver and David Leary unpack how AI is reshaping firms, from PwC Australia’s staffing cuts and rising partner pay to new questions about performance metrics, CPA pathways, and the future of CAS. They also cover the IRS’s tax season recap, tariff refunds, Deloitte’s fake AI citations, and why firms need better ways to measure value in an AI-driven world.
Sponsors
Digits - http://accountingpodcast.promo/digits
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
Wurthy - http://accountingpodcast.promo/wurthy
Chapters
(00:00) - Show kickoff and tax season (01:05) - Sponsor Digits AI bookkeeping (02:45) - IRS CEO tax season recap (06:18) - Direct File and enforcement debate (07:54) - Tariff refund portal CAPE (09:54) - IRS CI pulled to ICE then back (11:49) - CAS growth engine for firms (15:12) - New firm metrics beyond hours (24:02) - AI ROI metrics survey (25:30) - Sponsor Cloud Staffing and OnPay (29:45) - Rethinking Course Requirements (31:44) - States Drop 150 Hours (33:16) - Experience Sign Off Hurdles (33:59) - Geopolitical Risk Survey (35:25) - Deloitte Fake Citations (38:46) - Big Four Cuts and Pay (41:51) - Worthy Sponsor Break (43:23) - ARR Metric Trouble (48:37) - Shorter Contracts Shift (49:49) - Ilhan Omar Filing Error (53:18) - Wrap Up and Free CPEShow Notes
IRS CEO Touts Successful Tax Season Despite Cutbacks
https://www.accountingtoday.com/news/irs-ceo-touts-successful-tax-season-despite-cutbacks
The CAPE Tariff Refund System Is Here — Are You Ready?
IRS Shakes Up Leadership Ahead of Tax Seasonhttps://www.accountingtoday.com/news/irs-shakes-up-leadership-ahead-of-tax-season
Looking to Grow Like a Top 100 Firm? Try CAShttps://www.accountingtoday.com/news/looking-to-grow-like-a-top-100-firm-try-cas
Accounting Firms Need New Metrics for an Old Modelhttps://www.accountingtoday.com/opinion/accounting-firms-need-new-metrics-for-an-old-model
Only 18% of Organizations Track AI ROIhttps://www.accountingtoday.com/news/only-18-of-organizations-track-ai-roi
CPA Licensing Laws Are Constraining Accounting Firms in the AI Era
Maryland Approves CPA Licensure Pathways Billhttps://www.accountingtoday.com/news/maryland-approves-cpa-licensure-pathways-bill
Nevada Implements CPA Licensure Changeshttps://www.accountingtoday.com/news/nevada-implements-cpa-licensure-changes
Accountants Worried About War in Iranhttps://www.accountingtoday.com/news/accountants-worried-about-war-in-iran
Accounting Watchdog to Investigate Deloitte Over Fake Citations in $1.6M Healthcare Report
PwC Australia Profit Drops, But Fewer Partners Split the Pot
Deloitte US to Cut Benefits for Segment of Employees Amid Job Architecture Reshuffle
What Is ARR? Behind the Least-Trusted Metric of the AI Era
AI Tools Are Upending Typical Software Contracts
Rep. Ilhan Omar Cites Accounting Error in $30 Million Financial Disclosure
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Fri, 24 Apr 2026 - 595 - When Tax Day Was Party Night at the Post Office
What happens when AI starts doing the audit work itself? Blake and David dig into KPMG’s prediction that routine audit testing could soon happen with almost no human auditors directly involved. They also cover the IRS’s unfinished AI projects, the end of Direct File, new tax-on-tips rules, and why firms investing more in marketing are growing faster. Press play to hear what these shifts could mean for accountants, firms, and clients.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
Wurthy - http://accountingpodcast.promo/wurthy
Chapters
(00:00) - Audits Without Humans (00:22) - Tax Day Show Kickoff (02:30) - When Tax Day Hit Post Office (04:34) - E Filing Ends The Party (05:23) - This Week Top Stories (05:58) - Warehouse Fire Accounting Impact (08:52) - Compliance Time Cost (11:04) - No Tax On Tips Rules (13:44) - IRS AI Projects Stall (14:43) - Direct File Cost Debate (17:30) - Xero Os Buzzword Critique (20:32) - Can Ai Replace QuickBooks (21:23) - Reddit Claude Accounting System (22:45) - Firms Lose Stack Control (23:27) - AI Makes More Cleanup (23:58) - Tidwell Spreadsheet Accounting (25:13) - Tax Preparer Fraud Cases (27:17) - Big Four Audit Automation (30:58) - EY Office Mandate and Careers (34:01) - Firm Growth Marketing and AI (36:19) - Audit Lawsuits and Penalties (40:19) - Juno AI Tax Prep Funding (42:27) - Workers Skipping AI Review (44:36) - Agentic Frameworks and Omni (47:19) - Wrap Up and Free CPEShow Notes
How Tax Day Turned Into Party Night at the Post Office
https://www.history.com/articles/tax-day-parties
Americans to Spend 11.6 Billion Hours Completing Federal Compliance Forms
IRS Publishes List of Jobs That Qualify for 'No Tax on Tips' Provisionhttps://www.cnbc.com/2026/04/13/irs-tax-on-tips-big-beautiful-bill.html
IRS AI Projects Fall by the Wayside Due to Staff Cutshttps://www.accountingtoday.com/news/irs-ai-projects-fall-by-the-wayside-due-to-staff-cuts
IRS Inflated Direct File Costs by $45 Million in 2025
Xero OS: Your Operating System for the Future of Autonomous Financehttps://blog.xero.com/news-events/xero-os-ai-native-operating-system/
Tidwell — MCP Accounting Server (Reddit reference)
Warehouse Worker Charged in $500M Arson Attack at Kimberly-Clark Distribution Center
New Jersey Tax Preparer Sentenced in Largest COVID-19 Tax Relief Fraud Case
Pennsylvania Tax Preparer Jessica Cordero Faces Federal Charges in New Fraud Scheme
In This Critical Part of Audits, the Accountant's Role Is Shrinking Fasthttps://www.wsj.com/finance/accounting/auditors-ai-kpmg-pwc-ey-7f07d3a5
KPMG Plans to Cut Up to 440 Audit Jobs in UK
EY Requiring U.S. Tax Staff to Work In-Person 12 Days a Monthhttps://www.accountingtoday.com/news/ey-requiring-us-tax-staff-to-work-in-person-12-days-a-month
AI Is Changing How EY Recruits, Develops and Promotes Employeeshttps://www.businessinsider.com/ey-ai-talent-career-paths-accounting-2026
High-Growth Accounting Firms Spend Twice as Much on Marketinghttps://hingemarketing.com/blog/story/marketing-financial-services-the-2025-forecast
Evergrande Liquidators and PwC Head to Courthttps://www.accountingtoday.com/news/evergrande-liquidators-and-pwc-head-to-court
Ontario Securities Commission Accuses KPMG of Botching Audits for Bridging Finance
Juno Raises $12M Seed to Scale AI Tax Preparation Platform
AI Slop Survey: A Third of Workers Rarely Check AI Output Before Using It
Agentic AI Frameworks and Artifact's Omni Platform Launch
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Subscribe to the Earmark Podcast:Mon, 20 Apr 2026 - 594 - Perplexity Goes After Tax Prep, IRS Testing Palantir for Audits
What happens when AI starts doing more than answering questions? Blake and David dig into Perplexity’s move into tax prep and bookkeeping, the IRS testing Palantir to help select audit targets, and why many firms still aren’t seeing real ROI from AI. They also unpack the surprising success of Trump accounts and what all of this could mean for accountants, firm workflows, and the future of the profession.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
REFRAME 2026 - http://accountingpodcast.promo/reframe2026
Wurthy - http://accountingpodcast.promo/wurthy
Chapters
(00:00) - TAP 482 (02:37) - Trump Accounts Boom (07:22) - CPE With Earmark (08:38) - Perplexity Targets Taxes (12:32) - AI Agents And Moats (23:43) - Claude Cowork Bookkeeping (30:25) - Digits Outcome Pricing (30:58) - Digits Pay For Performance (31:25) - Zero Touch Guarantee (31:56) - Pricing Power Debate (32:20) - Switching GL Friction (33:11) - Reframe Conference Sponsor (34:26) - AI Security Banter (35:14) - IRS Palantir Snap Audits (39:09) - AI ROI Wrong Math (44:27) - Find The Bottleneck (46:14) - Automate Client Intake (48:02) - Claude PBC Workflow (54:40) - Weekly Close Discipline (56:13) - DHS Tax Extension Story (57:48) - Mentoring And Webinars (59:15) - Future Firm Tech Stack (01:01:45) - Wrap Up And CPEShow Notes
4 Million Children Have Been Signed Up for Trump Accounts with 1 Million Claiming the $1,000 Pilot Program Contribution
Introducing Computer for Taxes
https://www.perplexity.ai/hub/blog/introducing-computer-for-taxes
The IRS Wants Smarter Audits. Palantir Could Help Decide Who Gets Flagged
Digits Announces Outcome-Based Pricing
https://www.accountingtoday.com/news/digits-announces-outcome-based-pricing
Your AI Business Case Is Built on the Wrong Math
Treasury and IRS Announce Tax Filing Relief to DHS Personnel
https://home.treasury.gov/news/press-releases/sb0431
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Mon, 13 Apr 2026 - 593 - Treasury Declares US Insolvent, AI Does Taxes (with Kenji Kuramoto)
Can AI really prepare a tax return without a human touching the keyboard? Blake and David dig into a wave of new accounting tools that promise exactly that, from AI tax prep and bookkeeping agents to month-end automation. They’re joined by Kenji Kuramoto of Basis to discuss what this means for firms, pricing, and jobs. Plus: the U.S. government’s worsening balance sheet, Tether’s long-awaited audit, and why token costs may become accounting’s next big metric.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
UNC - http://accountingpodcast.promo/unc
Chapters
(00:00) - TAP 481 (02:34) - US Insolvency Breakdown (06:04) - Household Budget Analogy (07:49) - GAO Disclaimer Explained (08:37) - AI Tax Prep Agents (11:45) - Kenji Joins the Show (15:07) - Kenji New Role at Basis (19:40) - Basis Agents for CAS (25:36) - AI Skills and Pricing Shift (28:04) - Token Billing and FinOps (33:55) - Tokens Not Timesheets (34:17) - Delve Compliance Fallout (36:18) - Xero Adds Claude AI (38:16) - Who Really Owns Data (41:06) - Ramp Accounting Agent (45:19) - Ramp Budgets Reality Check (48:27) - Canopy Bookkeeping Module (53:11) - Billcom Agents Soapbox (55:09) - Audit Tech Fundraising (56:37) - Tether Finally Gets Audited (59:52) - Costco Tariff Refund Lawsuit (01:02:16) - Wrap Up And CPEShow Notes
The Treasury just declared the U.S. insolvent. The media missed it.
https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/
TaxGPT AI agent aims to complete the whole tax return
As Tax Deadline Approaches, Consumers Are Going to AI Before Filing
AI Efficiency Gains Push Accounting Firms to Reimagine Pricing
https://news.bloomberglaw.com/ip-law/ai-efficiency-gains-push-accounting-firms-to-reimagine-pricing
Accounting Jobs Requiring AI Skills Jump 67%
https://www.accountingtoday.com/news/accounting-jobs-requiring-ai-skills-jump-67
Xero and Anthropic Collaborate to Bring AI-Powered Financial Intelligence to Millions of Small Businesses
Ramp Launches Accounting Agent to Automate Bookkeeping with Real-Time Close
Ramp Launches Ramp Budgets
https://www.prnewswire.com/news-releases/ramp-launches-ramp-budgets-302667840.html
Canopy Unveils Canopy Bookkeeping to Eliminate Month-End Friction for Accounting and CAS Teams
Canopy Expands Tax Workflow With AI-Powered Tax Preparation Through New Filed Integration
Double AI Journal Entries
https://doublehq.com/ai-journal-entries/
Tech News: Ramp, Canopy Both Announce AI-Powered Bookkeeping Solutions (includes Bill.com AI agents coverage)
Exclusive: Founded By 2 Brothers In Their 20s, YC-Backed Denki Raises $4.1M To Automate Financial Audits
https://news.crunchbase.com/venture/yc-backed-denki-raise-financial-audit-automation-ai/
Tether Taps Big Four Firm KPMG for First Financial Audit of $184 Billion Stablecoin Issuer
https://www.theblock.co/post/395423/tether-taps-kpmg-for-first-financial-audit
Americans Are Demanding Refunds from the $180 Billion in Tariffs They Paid, Including Suing Companies Like Costco
https://fortune.com/2026/03/13/americans-demanding-tariff-refunds-suing-costco-fedex/
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Wed, 01 Apr 2026 - 592 - Fake SOC 2 Reports as a Service & Games for Busy Season
Can AI really handle accounting and tax work—or is it just creating new ways to fake compliance? Blake and David dig into allegations of fraudulent SOC 2 reports, how taxpayers are actually using AI for tax prep, and why tools like Claude are creeping into finance workflows. They also cover FAA staffing risks, threats to state accountancy boards, and what listeners should watch as AI reshapes trust in the profession.
Sponsors
Digits - http://accountingpodcast.promo/digits
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
UNC - http://accountingpodcast.promo/unc
Chapters
(00:00) - TAP 480 (01:28) - Sponsor Digits Overview (02:54) - LaGuardia Crash Breakdown (05:36) - Shutdown Staffing Fallout (07:58) - Livestream and CPE Plug (08:49) - Delve SOC 2 Allegations (15:57) - How Fake Audits Happen (20:49) - Sponsor Cloud Staffing (22:00) - Is Anyone Using AI (24:02) - AI for Tax Prep Examples (35:14) - AI Tax Advice Limits (36:04) - Tech Creates More Cleanup (36:41) - OnPay Payroll Sponsor (37:53) - Games To Beat Busy Season (40:42) - Florida Board Threat Averted (44:02) - UNC MAcc Sponsor (45:20) - Guess The Finance App (46:47) - Claude Targets Finance Workflows (50:29) - Will AI Replace The GL (55:07) - Women Partners Progress (01:00:50) - Wrap Up And CPEShow Notes
Air Traffic Audio Appears to Show Tower Was Dealing With Incident Before Crash (New York Times via DNYUZ)
Delve — Fake Compliance as a Service — Part I (DeepDelver on Substack)
https://deepdelver.substack.com/p/delve-fake-compliance-as-a-service
Delve Accused of Misleading Customers with 'Fake Compliance' (TechCrunch)
https://techcrunch.com/2026/03/22/delve-accused-of-misleading-customers-with-fake-compliance/
What 81,000 People Want from AI (Anthropic)
https://www.anthropic.com/research/what-people-want-from-ai
WSJ Readers Share How They Are Using AI for Tax Prep (Wall Street Journal via TaxProf Blog)
https://taxprofblog.aals.org/2026/03/09/wsj-readers-share-how-they-are-using-ai-for-tax-prep/
10 Fun Games to Play at Work and Their Impact on Productivity (Small Business Trends)
https://smallbiztrends.com/games-to-play-at-work/
FICPA Legislative Update: End of 2026 Session — HB 607 Did Not Advance (Florida Institute of CPAs)
Claude for Financial Services (Anthropic)
https://www.anthropic.com/financial-services
Glass Ceiling Shattered? Female Lead Engagement Partners in S&P 500 Audits (The CPA Journal)
https://www.cpajournal.com/2026/03/13/glass-ceiling-shattered/
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Thu, 26 Mar 2026 - 591 - Baby, Where The Hell Is My Audit?
Will AI actually take accountants’ jobs—or just change what their work looks like? Blake and David unpack the gap between AI hype and reality, from a LinkedIn challenge that found zero accountants replaced by AI to how firms like PwC and EY are shifting strategy. They also explore probabilistic audit opinions, AI agents in accounting workflows, and what professionals can do now to stay ahead.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
UNC - http://accountingpodcast.promo/unc
Chapters
(00:00) - TAP 479 (02:27) - Auditor Karaoke Protest (03:58) - Baby Where My Audit (07:14) - Reactions and Afroman (10:19) - Probabilistic Audit Opinions (14:57) - BDO Lawsuit and Liability (18:52) - Super Micro Fraud Signals (24:19) - Deterministic AI Checklists (30:16) - Checklist Driven AI Agents (31:28) - How LLMs Differ From Brains (33:00) - Puzzle Functions And Guardrails (36:06) - Prompting For Clarifying Questions (36:48) - UNC MAcc Sponsor Break (38:30) - PwC Goes AI First (41:46) - EY Bets On CPA Talent (43:27) - AI Exposure Index Reality Check (47:40) - Will Accounting Jobs Disappear (50:23) - Coan Paradox And Rising Standards (52:43) - AI As A Career Upskill (55:20) - Who Is Losing Work To AI (56:23) - Livestream Chat And Wrap UpShow Notes
Massachusetts Auditor DiZoglio Performs "Baby Where the Hell Is My Audit" Parody
https://www.bostonglobe.com/2025/04/16/metro/diana-dizoglio-auditor-legislature-audit-democrats/
Afroman Wins Defamation Lawsuit Filed by Ohio Police Officers
https://www.cbsnews.com/news/afroman-wins-lawsuit-ohio-police-raid-music-videos/
Would You Take a Probabilistic Audit Opinion?
https://www.accountingtoday.com/opinion/would-you-take-a-probabilistic-audit-opinion
BDO Faces Investor Lawsuit That Could Impact Other Firms
https://www.accountingtoday.com/news/bdo-faces-investor-lawsuit-that-could-impact-other-firms
Super Micro Computer Co-Founder Charged With Smuggling Nvidia AI Chips to China
https://www.cnn.com/2026/03/19/politics/super-micro-computer-founder-charged-ai-chips-china
Puzzle Launches AI Close for Accountants
https://puzzle.io/blog/puzzle-accounting-ai
PwC CEO: You Cannot Opt Out of AI
https://www.accountingtoday.com/news/pwc-ceo-you-cannot-opt-out-of-ai
EY Doubles CPA Exam Bonus to $10K
https://www.accountingtoday.com/news/ey-doubles-cpa-exam-bonus-to-10k
Anthropic AI Labor Market Impacts Report
https://www.anthropic.com/research/labor-market-impacts
Microsoft AI Chief Gives It 18 Months for All White-Collar Work to Be Automated
Only 14% of UK Finance Leaders See Traditional Accounting Skills as Valuable for Next Generation
Accounting and Tax Staff Worry AI Threatens Jobs
https://www.accountingtoday.com/news/accounting-and-tax-employees-feel-ai-threatens-job-prospects
AI's First Substitution: Freelancers (Ramp Economics Lab)
https://ramp.com/velocity/ai-labor-market-impact-freelancers
Record Number of Companies Are Ditching Old CEOs for Younger, Less Experienced Executives
https://finance.yahoo.com/news/fired-record-number-companies-ditching-152914066.html
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast...Thu, 26 Mar 2026 - 590 - Accounting for the U.S. Iran War
What do tariffs, war, AI agents, and a collapsed accounting startup have in common? This week, Blake and David connect the dots between rising economic pressure and rapid tech change. They break down the lopsided cost of drone warfare, small businesses getting crushed by tariffs, AI tools handling tax and bookkeeping tasks, and new details on Botkeeper’s collapse. You’ll hear what these shifts could mean for accountants, firms, and the future of the profession.
Sponsors
UNC - http://accountingpodcast.promo/unc
OnPay - http://accountingpodcast.promo/onpay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(01:27) - Sponsor Break UNC (02:46) - War Costs and Drones (08:58) - GPT 5.4 for Accountants (11:13) - AI Agent Files City Tax (15:23) - Claude Skill for Tax Prep (17:11) - Sponsor Break OnPay (18:55) - Gemini Makes Theme Music (22:33) - Uber CEO AI Clone (24:22) - Botkeeper Collapse Follow Up (31:13) - QuickBooks Integration Doubts (31:53) - Cloud Accountant Staffing Spot (32:59) - KPMG Earnings Leak Theory (37:23) - Zapier AI Guardrails (39:43) - 401k Hardship Withdrawals Rise (43:02) - Tariff Refunds and AI Lawsuits (46:27) - Trump v Trump IRS Lawsuit (48:43) - IRS Union Contract Termination (50:01) - Direct File Act Returns (51:56) - Meta 16B Tax Fight (54:33) - Trump Accounts Auto Enrollment (56:13) - Accounting Degrees Loan Limits (57:39) - CPE App and Sign OffShow Notes
Iran's Drones Cost a Fraction of the U.S. Weapons Shooting Them Down
https://www.nytimes.com/2026/03/04/business/iran-drones-us-weapons-cost.html
Introducing GPT-5.4
https://openai.com/index/introducing-gpt-5-4/
Breaking Up with TurboTax: How I Used Claude to File My Taxes for Free
https://kachess.dev/taxes/ai/personal-finance/2026/02/27/breaking-up-with-turbotax.html
Show HN: Claude Skill to Do Your Taxes
https://news.ycombinator.com/item?id=47277164
Enrico Palmerino Explains Botkeeper's Fall
https://www.accountingtoday.com/news/enrico-palmerino-explains-botkeepers-fall
Uber CEO Dara Khosrowshahi Has an AI Clone
https://www.fastcompany.com/91500087/uber-ceo-dara-khosrowshahi-has-an-ai-clone
KPMG-Audited Companies Are Trading Strangely on Polymarket
https://eventwaves.substack.com/p/kpmg-audited-companies-are-trading
Zapier Updates: AI Guardrails & Governance Controls
https://zapier.com/blog/february-2026-product-updates/
Record Numbers of Workers Are Raiding Their 401(k) Savings
https://www.wsj.com/personal-finance/retirement/401k-hardship-withdrawals-record-vanguard-2025
For Some Small Businesses, a Tariff Refund Isn't Worth the Pain of Pursuing It
https://finance.yahoo.com/news/small-businesses-tariff-refund-isnt-worth-pain-pursuing-it.html
Trump's IRS Lawsuit Offers Lessons on Privacy and Legal Process
Democrats Unveil Bill to Resurrect Direct File
https://www.accountingtoday.com/news/democrats-unveil-bill-to-resurrect-direct-file
I.R.S. Tactics Against Meta Open a New Front in the Corporate Tax Fight
https://www.nytimes.com/2026/02/24/business/irs-meta-tax-ireland.html
IRS Should Open Trump Accounts for Eligible Children Automatically, AICPA Says
NASBA Urges U.S. Department of Education to Restore "Professional" Status for Accounting Degrees
https://nasba.org/blog/2026/03/05/status-for-accounting-degrees/
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Mon, 09 Mar 2026 - 589 - The AI Agent That Can Do A Partnership Tax Return
Can an AI prep a partnership return on its own? Blake and David dig into Basis’s $100M unicorn claim, Intuit’s OpenAI/Anthropic tie-ups and Claude Cowork, and what it means for firms. They also cover how to capitalize on tariff refund lawsuits, the Senate’s push to regulate tax preparers, and the SEC weighing twice-a-year reporting—plus a quick warning about the fake “IRS locker” scam. You’ll learn where AI helps now, what to watch, and how to advise clients.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
UNC - http://accountingpodcast.promo/unc
Chapters
(00:00) - Welcome and Headlines (01:51) - Sponsor Cloud Staffing (03:10) - Tariffs Legal Fallout (05:50) - Refund Lawsuit Wave (09:02) - Basis AI Unicorn (15:23) - Intuit Earnings AI Blitz (25:59) - Claude Cowork Automation (32:16) - Managing Agents at Work (34:21) - AI PR Pay Boom (36:46) - AI Agents for Accounting (37:39) - SaaS Giants vs AI (39:01) - Finance Grade AI Trust (41:22) - IBM COBOL Shockwave (43:03) - Audit Enforcement Drop (44:34) - Regulating Tax Preparers (45:40) - Twice a Year Reporting (48:36) - Prediction Market Tax Bet (50:43) - Washington CPA Outsourcing (54:37) - IRS Onboarding Fumbles (55:32) - Crypto Fat Finger Disaster (01:00:01) - IRS Locker Scam Warning (01:02:13) - Livestream Q&A Wrap (01:06:19) - Book and Earmark OutroShow Notes
Supreme Court Strikes Down Trump's Sweeping Tariffs
Trump's New Tariffs Under Section 122 Are Probably Also Illegal
https://edition.cnn.com/2026/03/01/business/trump-tariffs-supreme-court-section-122
1,800+ Companies Suing for $130 Billion in Tariff Refunds
AI-for-Accounting Startup Basis Hits $1.15 Billion Valuation
Intuit and Anthropic Partner to Bring Custom AI Agents to Consumers and Businesses
Intuit Q2 2026 Earnings Call Transcript
IBM Shares Plunge as Anthropic Touts COBOL Modernization Efforts
AI Won't Replace Accounting Platforms — It Will Make Them More Important
https://diginomica.com/ai-wont-replace-accounting-platforms-it-will-make-them-more-important
Audit Enforcement Plummeted Last Year
https://www.accountingtoday.com/news/audit-enforcement-plummeted-last-year
Senate Finance Committee Proposes to Regulate Tax Preparers, Improve IRS Administration
SEC to Fast-Track Proposal for Semi-Annual Public Company Reporting
Tax Nerd Bets Life Savings Against DOGE on Kalshi — and Wins
https://techcrunch.com/2026/02/25/an-accountant-won-a-big-jackpot-on-kalshi-by-betting-against-doge/
Should We Be Concerned That More Than Half of New CPA Licenses in Washington State Went to International Candidates?
IRS Failed to Equip New Hires in 2024
https://www.accountingtoday.com/news/irs-failed-to-equip-new-hires-in-2024
South Korean Crypto Exchange Bithumb Accidentally Gives Away $40+ Billion in Bitcoin
Michigan Man Loses $1 Million in IRS Impersonation Scam
https://www.cpapracticeadvisor.com/2026/02/23/michigan-man-loses-1-million-in-irs-scam/178591/
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcas...
Tue, 03 Mar 2026 - 588 - Tariff Refund Opportunity for Accountants & Taxpayers Don't Trust AI
SCOTUS just struck down Trump’s global tariffs—so who gets the $133B back, and how can firms capture advisory fees helping clients claim refunds? Blake and David unpack importer-of-record refunds, contingency-fee questions, and why “that’s pure profit.” Plus: taxpayers’ trust in AI tax prep is falling, creators’ $205B economy is a prime niche, TurboTax’s Uber-to-the-office play, Big Law’s $3,400/hour AI squeeze, and Dawn Brolin’s nonprofit sending first-timers to conferences you can support.
Sponsors
Digits - http://accountingpodcast.promo/digits
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
UNC - http://accountingpodcast.promo/unc
Chapters
(00:00) - TAP 476 (02:53) - Who Gets the Tariff Refunds? Importer of Record & Profit Impact (05:28) - Big Opportunity for Accounting Firms: Tariff Refund Advisory & Fees (08:55) - Flashback Clip: We Called the Tariff Ruling Months Ago (12:59) - Sponsors + Trump’s Next Move: New Tariff Authority Workarounds (15:04) - Live Q&A: If Tariffs Were Passed to Buyers, Who Gets Paid Back? (16:46) - IRS Update: Average Refunds Up, But Median Still Unknown (18:13) - Taxpayers Trust AI Less for Filing + Creator Economy Tax Niche (22:13) - TurboTax + Uber Rides: The Customer Experience Arms Race (27:12) - Sponsor Break + Business Tax Shift: FASB Country-by-Country Disclosures (30:19) - IRS Still Drowning in Paper: Digitization Goals Missed (31:41) - Gambling Loss Deduction Cut to 90%: Why Break-Even Gamblers Still Owe Tax (32:58) - Skims vs. New Jersey: Sales Tax ‘Technical Error’ and the $200K Penalty (34:06) - Big Law’s Billable Hour Squeeze: AI Cuts Hours, Partners Jack Up Rates (36:12) - DIY Legal Work with ChatGPT: When a $30 Subscription Replaces a Lawyer (37:51) - Big Tech’s AI Data Centers Create a Depreciation Blind Spot for Investors (41:50) - KPMG Partner Fined for Using AI to ‘Cheat’ on an AI Exam (43:21) - Congress Targets the Pentagon’s Audit Failures: The ‘RECEIPTS Act’ (47:52) - Only 2–3 Hours of Deep Work a Day: Meetings, App Overload, and Hybrid Teams (50:17) - Interview: Accounting Cornerstone Foundation Helps First-Timers Attend Conferences (52:09) - How the Foundation Works: Funding, Emotional Support, and Picking Awardees (56:36) - Impact Stories & What’s Next: Alumni Mentorship, Fundraising, and Growing the Mission (01:00:16) - Wrap-Up: How to Support + Earn CPE/CE Credits in the Earmark AppShow Notes
Supreme Court Rules 6-3 That IEEPA Does Not Authorize the President to Impose Tariffs
https://www.supremecourt.gov/opinions/25pdf/24-1287_4gcj.pdf
Supreme Court Strikes Down Most of Trump's Tariffs in a Major Blow to the President
Supreme Court Strikes Down IEEPA Tariffs — What Now?
IRS Average Refunds Up $200 This Filing Season
https://www.accountingtoday.com/news/taxpayers-hesitant-to-trust-ai-to-prepare-tax-returns
Most Taxpayers Trust Tax Pros Over AI for Tax Preparation, Survey Finds
Online Creators Worried About Finances and Income Taxes — A Growing Opportunity for Tax and Accounting Pros
Intuit TurboTax Delivers the Ultimate "Done-For-You" Tax Experience Powered by AI and Human Intelligence With Uber Rides
US Companies Pay More Taxes Abroad Than Here
https://www.accountingtoday.com/news/us-companies-pay-more-taxes-abroad-than-here
IRS Falls Far Short on Paperless Processing Goal
https://www.accountingtoday.com/news/irs-falls-far-short-on-paperless-processing-goal
Will the OBBBA Gambling Deduction Change Be Reversed?
https://www.natptax.com/news-insights/blog/will-the-obbba-gambling-deduction-change-be-reversed/
Kim Kardashian's Clothing Company Settles New Jersey Sales Tax Allegations
Big Tech Accounting Creates a Blind Spot in the AI Boom
https://news.futunn.com/en/post/68828373/big-tech-accounting-creates-a-blind-spot-in-the-ai
KPMG Partner in Australia Fined Over Using AI to Pass AI Test
Lawmakers Seek to Penalize DoD if It Fails to Pass a Clean Audit
New Hubstaff Research Finds Workers Average Only 2–3 Hours of Focus Time Per Day
Mon, 23 Feb 2026 - 587 - The Best & Worst Firms in Accounting with Dom Piscopo
Which accounting firms really deliver sane hours and happy teams? Dom Piscopo (Big Four Transparency) reveals this year’s best—and worst—by job satisfaction and hours, including surprising outliers. Blake and David also unpack how AI startups are carving up PwC-style services, why Hazel AI rattled wealth managers and Intuit/Xero stocks, and where GLs still hold a moat. Plus, a practical way to use AI for W‑4/withholding—and an accountant’s take on Carvana’s too-good-to-be-true margins.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
UNC - http://accountingpodcast.promo/unc
FutureViews System - http://accountingpodcast.promo/bez
Chapters
(01:19) - Pets, Candy, Jewelry & Prefixed Dinners: Where the Money Goes (03:14) - Live Chat Shoutouts + Today’s Guest Tease: Big Four Transparency (05:53) - Yours, Mine & Ours: How Couples Split (or Merge) Money (08:56) - Financial Secrets vs. “Cheating”: The Bankrate Survey Findings (11:01) - Meet Dom Piscopo + 2025 Best/Worst Firms by Job Satisfaction (15:43) - How the Rankings Work: Sample Size, Methodology & Office Variance (19:28) - Service Lines Compared: Tax vs Audit vs Advisory Satisfaction Trends (22:28) - Hours Worked Rankings + Do Hours Actually Drive Happiness? (25:04) - Where the Big Four Land: Satisfaction & Hours Benchmarks (26:51) - AI Disruption Debate: “Every PWC Webpage Is a $10B Startup” Tweet (28:47) - AI Startups vs QuickBooks: The SaaS Attack Cycle Restarts (29:55) - Hazel AI Shakes Wealth Management: Tax Planning at Scale (32:19) - Consumers Trust AI Money Advice + A Withholding/W-4 Use Case (35:11) - “Good Enough” AI: How Firms Can Productize & Review AI Work (36:38) - What Humans Still Do: Taste, Comfort, and Serving the Underserved (41:51) - Intuit & Xero Stocks Drop: CEOs Defend the Data-and-Trust Moat (45:11) - TurboTax Disruption? Building Tax Engines with AI Agents (46:52) - Vibe Coding Reality Check: Small Tools Now, ERPs Much Later (51:32) - Carvana Accounting Red Flags: When Margins Don’t Add Up (56:04) - Wrap-Up: Big Four Transparency + CPE Credits via Earmark
Show NotesValentine's Day Spending Expected to Reach New Records
https://nrf.com/media-center/press-releases/valentine-s-day-spending-expected-to-reach-new-records
Survey: Most Couples Keep At Least Some Of Their Money Separate
https://www.bankrate.com/credit-cards/news/couples-finances/
Survey: 2 In 5 Americans In A Relationship Have Kept A Financial Secret From Their Partner
https://www.bankrate.com/credit-cards/news/financial-infidelity-survey-2025/
AI Tax App Crashes Financial Stocks on Wall Street
https://cpatrendlines.com/2026/02/10/ai-tax-app-crashes-financial-stocks-on-wall-street/
Americans Are Asking AI for Money Advice, But Should They Trust It?
https://www.bestmoney.com/financial-advisor/learn-more/do-americans-trust-fin-ai
82% trust AI for financial information and guidance
https://www.accountingtoday.com/news/82-trust-ai-for-financial-information-and-guidance
Intuit Is Down 33% Year to Date. Here's Where the Stock Could Be Headed in 2026
Intuit Stock Is Down 24% Already In 2026. Time to Buy?
https://www.fool.com/investing/2026/01/30/intuit-stock-is-down-24-already-in-2026-time-to-bu/
Xero (ASX:XRO) Shares Crash 13% in Tech Selloff—Broker Urges Hold
https://kalkine.com.au/news/technology/xero-asxxro-shares-crash-13-in-tech-selloffbroker-urges-hold
Xero share price slides 14% in a week — what to watch next for ASX:XRO
https://ts2.tech/en/xero-share-price-slides-14-in-a-week-what-to-watch-next-for-asxxro/
I've tested and ranked the 10 best vibe coding tools in 2026
https://www.techradar.com/pro/best-vibe-coding-tools
Your Complete Guide To Vibe Coding Tools In 2026: Build Apps Just By Talking To AI
https://softtechhub.us/2026/02/11/guide-to-vibe-coding/
AI startup Replit launches feature to vibe code mobile apps
https://www.cnbc.com/2026/01/15/ai-startup-replit-launches-feature-to-vibe-code-mobile-apps.html
Vibe coding - Wikipedia
https://en.wikipedia.org/wiki/Vibe_coding
What's actually driving Carvana's margins?
Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Mon, 16 Feb 2026 - 586 - The Most Famous Accountant In The World Is A DJ
What happens when AI starts cutting audit bills? Blake and David unpack KPMG’s push for a 14% fee cut from Grant Thornton, Botkeeper’s shutdown versus Pilot’s “AI accountant,” and how agents like Claude are already doing real client work. You’ll hear why entry-level roles are vanishing, what tax pros need to know about the IRS’s new e-payment push and Tax Pro Account upgrades, plus a fun detour: DJ John Summit’s Tax Day album.
Sponsors
UNC - http://accountingpodcast.promo/unc
OnPay - http://accountingpodcast.promo/onpay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(00:00) - KPMG's AI-Driven Audit Fee Reduction (00:28) - Welcome to the Accounting Podcast (00:53) - Blake's First Time at the Waste Management Open (02:00) - John Summit: From Accountant to DJ Superstar (04:39) - John Summit's Accounting-Themed Album (09:44) - Earmark CPE: Easy CPE Credits for Accountants (12:34) - The Rise and Fall of AI Bookkeeping Startups (24:48) - Pilot's Autonomous AI Accountant (26:50) - Partnering with Accounting Firms (29:59) - AI in Bookkeeping and Accounting (33:33) - Impact of AI on Accounting Jobs (40:27) - Trump's $10 Billion Lawsuit Against the IRS (44:40) - IRS Updates and Tax Pro Accounts (49:53) - KPMG's AI Acquisition (51:14) - Airlines Save Millions with Weight Loss Drugs (52:58) - Conclusion and CPE InformationShow Notes
KPMG pressed its auditor to pass on AI cost savings
https://www.irishtimes.com/business/2026/02/06/kpmg-pressed-its-auditor-to-pass-on-ai-cost-savings/Botkeeper is Closing Its Doors
https://www.cpapracticeadvisor.com/2026/02/09/botkeeper-is-closing-its-doors/177677/Botkeeper shuts down
https://www.accountingtoday.com/news/botkeeper-shuts-downAnthropic AI Tool Sparks Selloff From Software to Broader Market
https://www.bloomberg.com/news/articles/2026-02-03/legal-software-stocks-plunge-as-anthropic-releases-new-ai-toolAI fears pummel software stocks: Is it 'illogical' panic or a SaaS apocalypse?
https://www.cnbc.com/2026/02/06/ai-anthropic-tools-saas-software-stocks-selloff.htmlPilot launches fully autonomous AI bookkeeper
https://www.accountingtoday.com/news/pilot-launches-fully-autonomous-ai-bookkeeperPilot Rolls Out Fully Autonomous AI Accountant
https://www.cpapracticeadvisor.com/2026/02/04/pilot-rolls-out-fully-autonomous-ai-accountant/177453/Pilot Unveils AI Accountant
https://pilot.com/blog/pilot-unveils-ai-accountant-a-major-leap-toward-artificial-general-intelligence-in-accountingStartup Accrual Officially Launches with $75M in Funding to Bring AI-Native Automation to Accounting
https://www.cpapracticeadvisor.com/2026/02/05/startup-accrual-officially-launches-with-75m-in-funding-to-bring-ai-native-automation-to-accounting/177600/Tax platform Accrual launches with AI automation support for all forms
https://www.accountingtoday.com/news/tax-platform-accrual-launches-with-ai-automation-support-for-all-formsAccrual Launches with $75 Million to Bring AI-Native Automation to Accounting
https://www.businesswire.com/news/home/20260205968515/en/Accrual-Launches-with-$75-Million-to-Bring-AI-Native-Automation-to-AccountingGoldman Sachs leads $75 million funding round for Fieldguide, an AI-native accounting and audit platform
https://fortune.com/2026/02/02/goldman-sachs-fieldguide-accounting-cpa-ai-software-platform-venture-capital/Fieldguide Raises $75M Series C Round to Boost Audit and Advisory Firms' Agentic AI Capabilities
https://www.cpapracticeadvisor.com/2026/02/02/fieldguide-raises-75m-series-c-round-to-boost-audit-and-advisory-firms-agentic-ai-capabilities/177323/Fieldguide Raises $75M Series C from Goldman Sachs to Help Audit and Advisory Firms Grow with Agentic AI
https://www.globenewswire.com/news-release/2026/02/04/3232133/0/en/Pilot-Unveils-AI-Accountant-A-Major-Leap-Toward-Artificial-General-Intelligence-in-Accounting.htmlTrump, two sons, Trump Org sue IRS, Treasury for $10 billion over tax records leak
https://www.cnbc.com/2026/01/29/trump-sues-irs-and-treasury-for-10-billion-over-leak-of-tax-records.htmlTrump sues IRS and Treasury Department for $10 billion over leaked tax records
https://www.nbcnews.com/politics/donald-trump/trump-sues-irs-treasury-department-10-billion-leaked-tax-records-rcna256626Trump Sues Treasury and IRS for $10 Billion Over Tax Data Leak
https://www.taxnotes.com/featured-news/trump-sues-treasury-and-irs-10-billion-over-tax-data-leak/2026/01/30/7txmzKPMG Brings Aboard AI Development Platform PrivateBlok
https://www.cpapracticeadvisor.com/2026/02/09/kpmg-adds-ai-development-platform-privateblok/177729/KPMG acquires PrivateBlok, team will support AI developments
https://www.accountingtoday.com/news/kpmg-acquires-privateblok-team-will-support-ai-developmentsKPMG Bolsters AI Product Development Function...
Wed, 11 Feb 2026 - 585 - AI Could Displace 50% of Entry-Level White-Collar Jobs
Could AI wipe out half of entry-level accounting roles? Blake and David recount a brazen “courier scam” on David’s porch to unpack how deepfakes and spoofed calls fuel today’s fraud (“less than 10% can tell AI video from real”). You’ll learn practical controls—family code words, approval workflows—plus hands-on AI updates: Claude’s Excel plugin and desktop agent, Gusto payroll in ChatGPT, and a prompt that forces AI to ask clarifying questions and wait for “go.”
Sponsors
UNC - http://accountingpodcast.promo/unc
EarmarkCPE - http://accountingpodcast.promo/earmark
OnPay - http://accountingpodcast.promo/onpay
Chapters
(02:02) - Personal Fraud Story: A Cautionary Tale (03:35) - Elder Fraud and AI-Driven Scams (06:53) - AI's Impact on Fraud and Security (11:39) - AI Tools for Accountants (19:40) - Earmark: CPE for Listening to Podcasts (22:01) - AI's Threat to Entry-Level Jobs (27:11) - AI Agents in Payroll and HR (35:20) - The Future of AI in Blue Collar Jobs (38:18) - AI's Role in Government Efficiency (39:52) - Simplifying the Tax Code with AI (41:42) - Payroll Innovations and AI (49:18) - Intuit's Career Pipeline Program (51:24) - Xero's New Features and AI Integration (58:48) - Conclusion and Upcoming TopicsShow Notes
AI fakery turbo-charging fraud, cyber attacks
https://www.accountingtoday.com/news/ai-fakery-turbo-charging-fraud-cyber-attacksThe Turing Reel
https://runwayml.com/research/theturingreelThe Adolescence of Technology
https://www.darioamodei.com/essay/the-adolescence-of-technologyLong-term Fears Build As 60% of U.S. Workers Say AI Will Cut More Jobs Than It Adds In 2026
https://allwork.space/2026/01/long-term-fears-build-as-60-of-u-s-workers-say-ai-will-cut-more-jobs-than-it-adds-in-2026/ADP® Accelerates AI Leadership with Launch of New AI Agents Designed to Solve Workforce Challenges
https://www.prnewswire.com/news-releases/adp-accelerates-ai-leadership-with-launch-of-new-ai-agents-designed-to-solve-workforce-challenges-302672772.htmlExclusive: Gusto launching payroll inside ChatGPT
https://www.thisweekinfintech.com/exclusive-gusto-launching-payroll-inside-chatgpt/Trump DOT Plans to Use Google Gemini AI to Write Regulations
https://www.propublica.org/article/trump-artificial-intelligence-google-gemini-transportation-regulationsIntuit Launches New Career Pipeline Program to Empower the Next Generation of Accountants in the AI Era
https://investors.intuit.com/news-events/press-releases/detail/1296/intuit-launches-new-career-pipeline-program-to-empower-the-next-generation-of-accountants-in-the-ai-era
Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Wed, 04 Feb 2026 - 584 - Fiscal State of Nation Act & Solving for CPA Mobility with Lindsay Patterson
Are you accidentally breaking CPA rules across state lines? Guest Lindsay Patterson, CPA CIA breaks down the new mobility landscape after alternative licensure paths—and the surprising data firms must track to avoid fines, failed peer reviews, and redoing audits. Plus: Congress’s Fiscal State of the Nation bill, Deloitte’s PR storm, QuickBooks’ AI reconciliation, and what’s driving a rebound in accounting majors. Walk away knowing where to get licensed, what triggers penalties, and how to protect your firm.
Sponsors
TaxBandits - http://accountingpodcast.promo/taxbandits
Earmark - http://accountingpodcast.promo/earmark
OnPay - http://accountingpodcast.promo/onpay
UNC - http://accountingpodcast.promo/unc
Chapters
(00:00) - Introduction and CPA Email Incident (00:33) - AI in QuickBooks: A Game Changer? (06:00) - Live Stream Shoutouts and YouTube Promotion (06:54) - New Legislation: Fiscal State of the Nation Act (10:37) - CPA Mobility and Alternative Pathways (11:47) - Guest Segment: Lindsay Patterson on CPA Mobility (33:13) - Deloitte's Bad Week: Controversies and Criticisms (35:58) - CPA Firms in Trouble: The Zwick CPA Case (40:05) - Jerome Powell's Defiant Statement (44:29) - Why Accountants Leave Public Accounting (51:24) - Listener Emails and Final Thoughts (52:08) - The Future of Accounting Jobs (55:12) - Private Equity in CPA FirmsMeet Lindsay Patterson:
LinkedIn: https://www.linkedin.com/in/lindsaypatterson/Show Notes
AICPA Urges Congressional Support for Fiscal State of the Nation Act
https://www.aicpa-cima.com/news/article/aicpa-urges-congressional-support-for-fiscal-state-of-the-nation-act
Barr Reintroduces Bipartisan Fiscal State of the Nation Act to Strengthen Oversight of Government Spending
https://barr.house.gov/press-releases?id=EDF451C5-EEAE-44D7-85A8-2B714E9D7822
For CPAs, one license — and 55 rulebooks
https://www.accountingtoday.com/opinion/for-cpas-one-license-and-55-rulebooksDeloitte's Disturbing Pattern Allegedly Cost Americans Health Coverage, Delayed Benefits, and the US Government $74B
https://www.ibtimes.co.uk/deloittes-disturbing-pattern-allegedly-cost-americans-health-coverage-delayed-benefits-us-1773010
Deloitte to ramp up India operations with 50,000 new hires
https://www.internationalaccountingbulletin.com/news/deloitte-hiring-india/PCAOB Sanctions Audit Firm, an Owner of That Firm, and a Former Audit Manager for Multiple Violations of PCAOB Rules and Standards
https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-sanctions-audit-firm--an-owner-of-that-firm--and-a-former-audit-manager-for-multiple-violations-of-pcaob-rules-and-standards
PCAOB bars Zwick CPA, owner and manager
https://www.accountingtoday.com/news/pcaob-bars-zwick-cpa-owner-and-managerTurnover Experiences in Public Accounting and Alumni's Decisions to 'Give Back'
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4266300
U.S. Accounting Undergraduate Enrollment Rises for Third Straight Year
https://www.prnewswire.com/news-releases/us-accounting-undergraduate-enrollment-rises-for-third-straight-year-302665511.html
Accounting undergrad enrollment rises for third year
https://www.accountingtoday.com/news/accounting-undergrad-enrollment-rises-for-third-year
Capital One to Acquire Brex
https://investor.capitalone.com/news-releases/news-release-details/capital-one-acquire-brex
Capital One is buying startup Brex for $5.15 billion in credit card firm's latest deal
https://www.cnbc.com/2026/01/22/capital-one-is-buying-startup-brex-for-5point15-billion-in-credit-card-firms-latest-deal.html
Florida Republican candidate suggests 'sin tax' for OnlyFans creators
https://thehill.com/homenews/nexstar_media_wire/5691927-florida-governor-candidate-sin-tax/
Florida gubernatorial candidate proposes 50% "sin" tax on OnlyFans creators; top earner Sophie Rain pushes back
https://www.cbsnews.com/miami/news/florida-onlyfans-tax-proposal-james-fishback-sophie-rain/
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Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Mon, 26 Jan 2026 - 583 - The CPA Workload Dilemma: Can We Do Better?
Carla McCall shares insights on the challenges faced by the accounting profession, including workload, work-life balance, and the AICPA's role. She addresses misconceptions about the responsibilities of the AICPA, discusses her firm's approach to managing work hours and culture transformation, and highlights the need for creative solutions to attract new talent. The discussion also explores the systemic issue of overwork in large accounting firms and the potential measures that could alleviate these pressures.
Meet Our Guest, Carla McCall
https://www.linkedin.com/in/carlamccallaaf/
Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Fri, 23 Jan 2026 - 582 - Trust In Accountants At Historic Low, the Fraudster Inside the SBA & IRS
Are we causing our own busy-season chaos? Blake and David break down a simple scheduling system that spreads tax work, trains clients, and slashes extensions. They debate Congress’s barcode bill vs. e-filing, unpack a poll showing GOP support for a millionaire’s tax, and ask what AI really changes when managers still have to review the bots. Plus: IRS CI’s latest wins, whistleblower e-filing, and a Britney tax fight.
Sponsors
Digits - http://accountingpodcast.promo/digits
OnPay - http://accountingpodcast.promo/onpay
TaxBandits - http://accountingpodcast.promo/taxbandits
UNC - http://accountingpodcast.promo/unc
Chapters
(01:11) - AI and Survey Creation (02:30) - Google's Personal Intelligence (05:11) - IRS Defunding and Workforce Reduction (06:51) - CPA Trendlines Busy Season Barometer (11:12) - Barcode Efficiency Act (15:24) - IRS Criminal Investigations (17:24) - Payroll Headaches and OnPay (18:56) - SBA and IRS Employee Fraud (21:41) - IRS Whistleblower Office (23:08) - Britney Spears vs. IRS (24:04) - Washington State Millionaires Tax (27:01) - Busy Season Is Self-Inflicted (30:44) - Livestream and CPE Credits (31:24) - UNC Kenan-Flagler MAC Program (32:38) - A New Year's Eve Pink Eye Adventure (33:20) - AI Prescriptions in Utah (35:03) - Trust in Accountants at Historic Lows (39:13) - Listener Mail: Advisory Services and Online Degrees (45:30) - The CPA Exam: Challenges and Changes (01:03:17) - Closing Remarks and Earmark App GrowthShow Notes
Are Washingtonians Finally Ready for a State Income Tax?
https://www.dhmresearch.com/are-washingtonians-finally-ready-for-a-state-income-tax/
Guess Who Supports a Millionaires Tax in Washington State? Republicans, Poll Finds
Barometer: Firms Brace for a Tough Tax Season
https://cpatrendlines.com/2025/10/01/barometer-firms-brace-for-a-tough-tax-season/
IRS Advisory Council blasts defunding of agency
https://www.accountingtoday.com/news/irs-advisory-council-blasts-defunding-of-agency
IRS Advisory Council report defends workers, criticizes budget and staff cuts
Internal Revenue Service Advisory Council PUBLIC REPORT January 2026
https://www.irs.gov/pub/irs-pdf/p5316.pdf
Lengthy grudge motivated Brown mass shooting, MIT professor killing: Sources
A Reddit post helped find MIT and Brown shooting suspect. Here's what we know
https://www.npr.org/2025/12/19/nx-s1-5649528/brown-mit-shooter-what-we-know
Former SBA and IRS Employee Charged with Using Government Positions to Steal Millions from COVID Relief Programs
Hampton woman accused of using federal jobs to steal pandemic relief funds
House advances bill to speed tax return processing via barcodes
https://www.accountingtoday.com/news/house-advances-bill-to-speed-tax-return-processing-via-barcodes
BARCODE Efficiency Act Brings Overdue Modernization to the IRS
https://atr.org/barcode-efficiency-act-brings-overdue-modernization-to-the-irs/
Utah and Doctronic Announce Groundbreaking Partnership for AI Prescription Medication Renewals
Utah allows nation's first AI drug prescriptions
https://www.axios.com/local/salt-lake-city/2026/01/07/utah-ai-drug-prescriptions-doctronic
Nurses Continue to Lead in Honesty and Ethics Ratings
https://news.gallup.com/poll/700736/nurses-continue-lead-honesty-ethics-ratings.aspx
Americans' Ratings of U.S. Professions Stay Historically Low
https://news.gallup.com/poll/655106/americans-ratings-professions-stay-historically-low.aspx
Britney Spears disputes $600K tax claim
https://www.accountingtoday.com/news/britney-spears-disputes-600k-tax-claim
Britney Spears Fighting With IRS Over $600,000
https://www.tmz.com/2025/12/19/britney-spears-fighting-with-irs-taxes/
Right Now, Managing AI Agents is About as Much Work as Managing Humans. Just Different Work.
https://www.saastr.com/right-now-managing-ai-agents-is-about-as-much-work-as-managing-humans/
The 'Godfather of SaaS' says he replaced most of his s...
Mon, 19 Jan 2026 - 581 - Instead of Armed IRS Agents We Got Armed ICE Agents
Raids replaced audits, and guns replaced spreadsheets. Blake and David connect the dots from Minnesota's sprawling public-assistance fraud to a decade of IRS budget cuts and ICE crackdowns. You'll learn why enforcement shifted from prevention to raids, what California's one-time billionaire tax really proposes, how new AICPA rules could hit PE-backed firms, and why a botched audit didn't cost PwC its client, plus one pro tip to level up your Excel game.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
TaxBandits - http://accountingpodcast.promo/taxbandits
UNC - http://accountingpodcast.promo/unc
Chapters
(00:00) - TAP 470 (00:33) - Minnesota Fraud Scandal Overview (03:18) - Historical Context and IRS Budget Cuts (08:34) - IRS and ICE Collaboration Issues (10:39) - Impact of Budget Cuts on Fraud (20:56) - Current Events and Political Reactions (26:17) - California Billionaire Tax Act (27:58) - Billionaire Tax Proposal Discussion (29:01) - Challenges of Implementing Wealth Tax (29:58) - Practical Concerns and Comparisons (34:24) - VRBO's Legal Battle with Michigan (36:46) - Private Equity and CPA Firms (47:17) - UNC Master of Accounting Program (51:11) - Excel World Championships Insights (55:27) - Earmark App for CPE CreditsShow Notes
Judge hits pause on IRS sharing taxpayer information with ICE
https://www.nbcnews.com/politics/immigration/judge-issues-order-blocking-irs-sharing-taxpayer-information-ice-rcna245262Federal Agents Pepper Spray Protesters During Tucson Taco Giro Raid
https://www.themarshallproject.org/2025/12/05/tucson-ice-raid-protests-taco-giroPoll: Nearly Half of Americans Think Their Financial Security Is Worsening
https://www.cpapracticeadvisor.com/2025/12/29/poll-nearly-half-of-americans-think-their-financial-security-is-worsening/175587/California Billionaire Tax Act (2026 Billionaire Tax Act - PDF)
https://oag.ca.gov/system/files/initiatives/pdfs/25-0024A1%20(Billionaire%20Tax%20).pdfVrbo Parent Company Sues Michigan Over $18.8 Million Tax Bill
https://www.cpapracticeadvisor.com/2026/01/02/vrbo-parent-company-sues-michigan-over-18-8-million-tax-bill/175675/AICPA Seeks Comment on Ethics Rules Update for Alternative Practice Structures
https://www.aicpa-cima.com/news/article/aicpa-seeks-comment-on-ethics-rules-update-for-alternative-practiceWH Smith asks shareholders to support PwC despite audit error
https://www.internationalaccountingbulleteen.com/news/wh-smith-support-pwc-audit-error/I won the Microsoft Excel World Championship. Here's what every office worker should know about Excel. https://www.yahoo.com/lifestyle/articles/won-microsoft-excel-world-championship-093001306.html
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Wed, 14 Jan 2026 - 580 - Can AI Replace “Thought Leaders”? A 2026 Reality Check
Think AI will free you from ‘mundane bookkeeping’ so you can do advisory? Blake and David say it’s the opposite. Hear how owners already use AI as a de facto CFO, why drafting narratives—not matching bank feeds—is the real win, what the ‘AI premium’ means in a billable-hour world, and the two numbers firm owners should track in 2026: monthly recurring revenue and bottom-line profit.
Sponsors
UNC - http://accountingpodcast.promo/unc
OnPay - http://accountingpodcast.promo/onpay
TaxBandits - http://accountingpodcast.promo/taxbandits
Chapters
(01:35) - News Highlights and Sponsor Acknowledgements (03:56) - AI in Small Business Accounting (07:04) - AI's Impact on Accounting Tasks (10:01) - Thought Leader Survey on AI in Accounting (19:56) - AI Premium and Job Automation (25:27) - Survey Answers from Accounting Thought Leaders (25:54) - AI's Role in Strategy and Decision Making (28:24) - Impact of AI on Competitive Landscape (30:50) - AI's Effect on Costs in Accounting Firms (31:54) - AI Replacing Staff Accountants (33:24) - Personal Job Security and AI (41:05) - AI Influencers and Future Experiments (49:24) - Conclusion and CPE InformationShow Notes
These Small-Business Owners Are Putting AI to Good Use
https://www.wsj.com/tech/ai/small-business-ai-chatgpt-prompts-0c9a95c4AI Thought Leaders Survey 2026: Process Predictions
https://www.accountingtoday.com/list/ai-thought-leaders-survey-2026-process-predictionsTech Spending Outpacing People Spending as Firms Adopt AI
https://www.accountingtoday.com/list/tech-spending-outpacing-people-spending-as-firms-adopt-aiHow Much is the 'AI Premium?'
https://www.accountingtoday.com/list/how-much-is-the-ai-premium
AI Can't Replace Accountants. When Could It?
https://www.accountingtoday.com/list/ai-cant-replace-accountants-when-could-it
Accounting in 2026: The Year Ahead in Numbers
https://www.accountingtoday.com/list/accounting-in-2026-the-year-ahead-in-numbersAI Vending Machine Lost $1,000 to Social Engineering
https://www.wsj.com/tech/ai/anthropic-ai-claude-vending-machine-c7baef6fAnthropic's Project Vend Phase 2
https://www.anthropic.com/research/project-vend-2
Trump Commutes Sentence of Private Equity CEO Convicted of Fraud
https://www.cnn.com/2025/12/01/politics/david-gentile-trump-pardonTrump Commutes 7-Year Prison Sentence of Former Private Equity CEO David Gentile
https://www.nbcnews.com/politics/white-house/trump-commutes-7-year-prison-sentence-former-private-equity-ceo-david-rcna246744California's Controversial Wealth Tax Proposal Leaves Billionaires With Little Way Out
https://www.cnbc.com/2026/01/08/california-wealth-tax-proposal-leaves-billionaires-with-little-way-out.htmlCalifornia Could Impose a Billionaire Tax. Here's How It Would Work
https://www.cbsnews.com/news/california-billionaire-tax-ballot-initiative-how-it-works/New Tax on the Wealth of Billionaires
https://lao.ca.gov/BallotAnalysis/Initiative/2025-024
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Thu, 08 Jan 2026 - 579 - $95 Million Missing—and Still a Clean Audit?
How does $95 million go missing at a bank—and still get a clean audit? Blake and David unpack the Evolve Bank/Synapse meltdown, what auditors missed, and how SOC reports fall short. Plus: the penny shortage pushing cash rounding at the register, the shocking stat that even 29% of partners don’t know partner pay, and the case for semiannual reporting. Walk away with practical takeaways for clients, staff, and your own firm.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
Chapters
(00:44) - The Penny Shortage Crisis (03:52) - Evolve Bank's $95 Million Scandal (17:12) - Earmark CPE and Other Podcast Recommendations (22:00) - Partner Salaries and Compensation Transparency (28:27) - Data Breach at SAX Accounting Firm (33:28) - Semi-Annual Reporting Debate (36:25) - Debating Semi-Annual Reporting (37:38) - Quarterly Reporting Games (38:25) - LinkedIn Comment: The Case for Quarterly Reports (39:11) - The Value of Financial Statements (39:58) - Challenges in Modern Accounting (46:57) - 2026 Accounting Predictions (52:01) - AI's Impact on Bookkeeping (01:09:08) - Closing Thoughts and FarewellShow Notes
Square Enables Penny Rounding
https://squareup.com/us/en/press/penny-rounding
CFPB Allocates $46 Million To Synapse/Evolve Victims In First-Ever Fintech Bailout
https://fintechbusinessweekly.substack.com/p/cfpb-allocates-46-million-to-synapseevolve
The 2025 Accounting Today Salary Survey
https://www.accountingtoday.com/list/the-2025-accounting-today-salary-survey
The Ultimate 2026 Accounting Salary Guide
https://blog.workday.com/en-us/ultimate-2026-accounting-salary-guide.html
Deloitte's CTO: companies are spending 93% on tech and only 7% on people and that has to change
Accounting firm waited 18 months to announce breach
https://cybernews.com/security/sax-data-breach-quarter-million-exposed/
Should Public Companies Move to Semi-Annual Reporting?
https://www.cpajournal.com/2025/12/19/should-public-companies-move-to-semi-annual-reporting/
United States Mint Hosts Historic Ceremonial Strike for Final Production of the Circulating One-Cent Coin
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Mon, 05 Jan 2026 - 578 - What Tax Pros Charge & the PE "Dumpster Fire"
Is private equity turning firms into a 'dumpster fire'? Blake and David unpack Accounting Today's survey showing partners are upbeat while staff are sour on PE. They hit Andersen's $176M IPO, why Big Four ties to Big Tech raise independence questions, and how AI could finally kill the billable hour. Plus, what tax pros really charge in 2025 - and the wild 'Middle Finger Ranch' fraud.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(00:56) - Private Equity in Accounting Firms (01:51) - Sponsor Message: OnPay Payroll Solutions (04:15) - Arthur Andersen's Legacy and IPO (07:45) - Private Equity Survey Results (21:04) - Big Four and Tech Giants (28:25) - Pricing Models for CAS Engagements (30:22) - Tax Preparers' Fees Breakdown (36:12) - Cloud Accountant Staffing (37:34) - Economic Growth and Consumer Spending (40:26) - Fraud Stories: Middle Finger Ranch and More (43:24) - PCAOB Budget Cuts and Enforcement Actions (52:29) - IRS Readiness for Tax Season (53:43) - Conclusion and Upcoming TopicsShow Notes
PE in accounting firms: From 'dumpster fire' to excitement
https://www.accountingtoday.com/news/pe-in-accounting-firms-from-dumpster-fire-to-excitement
Andersen Group Shares Gain 47% After $176 Million US IPO
Andersen goes public, hits $2.6B valuation
https://thefinancestory.com/andersen-group-ipo-2-6b-valuation
The Big Four consulting firms are embedded in Big Tech. Here's who audits each of the Magnificent 7 companies
What do tax preparers charge?
https://www.accountingtoday.com/news/what-do-tax-preparers-charge
How much do tax professionals charge in 2025? Insights from NATP's Fee Study
U.S. economic growth surges in third quarter to 4.3%
https://www.washingtonpost.com/business/2025/12/23/gdp-economy-consumer-spending/
The US economy expanded at the fastest pace in two years as wealthier Americans kept spending
https://www.cnn.com/2025/12/23/economy/us-gdp-q3
Kansas accountant diverted family funds to fictitious 'Middle Finger Ranch'
Kansas Accountant, Who Created Fictitious 'Middle Finger Ranch' for Fraud Scheme, Sentenced to 4 Years in Jail
PCAOB to tighten budget in 2026
https://www.accountingtoday.com/news/pcaob-to-tighten-budget-in-2026
PCAOB Approves 2026 Budget
https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-approves-2026-budget
Accounting Firms Must Stop Charging for Time
https://cpatrendlines.com/2025/12/02/accounting-firms-must-stop-charging-for-time/
Dirty money gangster jailed over plot worth almost £12m
https://www.dailyrecord.co.uk/news/scottish-news/dirty-money-gangster-jailed-over-36410033
PCAOB Sanctions CPA for Violations Related to Audit Evidence and Her Former Audit Firm for Quality Control Issues
Ahead of Tax Filing Season, Warren, King, 15 Senators Warn of Tax Filing Chaos After Trump Admin Attacks on IRS
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Mon, 29 Dec 2025 - 577 - The CPA Who Controls Epstein's Fortune
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Relay - http://accountingpodcast.promo/relay
OnPay - http://accountingpodcast.promo/onpay
Chapters
(00:47) - Jeffrey Epstein's CPA and Lawyer (03:10) - Wall Street Journal Article on Epstein's Associates (05:58) - Discussion on Epstein's Financial Operations (14:25) - Trump's Executive Order on Cannabis Businesses (18:16) - Tax Implications for Gambling and Prediction Markets (20:47) - IRS Criminal Investigations Unit Record Year (25:13) - Lawyer Sues IRS to Recognize Dog as Dependent (28:09) - Trump's New US Tech Force (29:27) - Trump's Hiring Plans and Tech Startups (30:22) - Startup Fraud in Tax Accounting (34:23) - Intuit and Circle Partnership (36:38) - AI and Stablecoin Payments (44:16) - AI's Impact on Accounting Jobs (51:24) - AI-Powered Fraud in Finance (55:59) - Closing Remarks and AnnouncementsShow Notes
The CPA and the Lawyer Who Served Jeffrey Epstein—and Control His Fortune and Secrets
https://www.wsj.com/articles/the-cpa-and-the-lawyer-who-served-jeffrey-epstein-and-control-his-fortune-and-secretsTaking a gamble on prediction market taxation
https://www.accountingtoday.com/news/taking-a-gamble-on-prediction-market-taxationLawyer sues IRS to recognize pets as dependents
https://www.accountingtoday.com/news/lawyer-sues-irs-to-recognize-pets-as-dependentsSEC Charges Shiloh Luckey
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26424The FBI is investigating a startup founder accused of using VC money to pay for her house and a Caribbean wedding
Intuit taps Circle's USDC to add stablecoin payments across TurboTax and QuickBooks
https://www.theblock.co/post/383184/intuit-circle-usdc-stablecoin-payments-turbotax-quickbooksIntuit and Circle Partner to Unlock the Future of Money Movement with Stablecoins
https://investors.intuit.com/news-events/press-releases/detail/1292/intuit-and-circle-partner-to-unlock-the-future-of-money-movement-with-stablecoinsAI Is Reshaping Accounting Jobs by Doing the "Boring" Stuff
https://www.gsb.stanford.edu/insights/ai-reshaping-accounting-jobs-doing-boring-stuffHuman + AI in Accounting: Early Evidence from the Field
https://www.gsb.stanford.edu/faculty-research/working-papers/human-ai-accounting-early-evidence-fieldIRS-CI issues fiscal year 2025 annual report showcasing banner investigative results
https://www.irs.gov/newsroom/irs-ci-issues-fiscal-year-2025-annual-report-showcasing-banner-investigative-resultsIRS Criminal Investigation uncovers $10.6B in financial crimes
https://www.accountingtoday.com/news/irs-criminal-investigation-uncovers-10-6b-in-financial-crimesDext warns businesses over losses from ChatGPT-style financial advice
https://fintech.global/2025/12/18/dext-warns-businesses-over-losses-from-chatgpt-style-financial-advice/ChatGPT tax advice already costing UK firms, say accountants
https://itbrief.co.uk/story/chatgpt-tax-advice-already-costing-uk-firms-say-accountantsTrump admin to hire 1,000 specialists for 'Tech Force' to build AI, finance projects
https://www.cnbc.com/2025/12/15/trump-ai-tech-force-amazon-apple.htmlOPM Launches US Tech Force to Implement President Trump's Vision for Technology Leadership
Double Raises $6.5 Million Series A from Album Ventures, Jack Altman, and Y Combinator to Double Accountants' Productivity https://www.businesswire.com/news/home/20251210027851/en/Double-Raises-$6.5-Million-Series-A-from-Album-Ventures-Jack-Altman-and-Y-Combinator-to-Double-Accountants-Productivity
Zoho announces enterprise billing, spend management products
https://www.accountingtoday.com/news/zoho-announces-enterprise-billing-spend-management-productsZoho Announces Zoho Spend and Zoho Billing Enterprise Edition
https://www.businesswire.com/news/home/20251218170986/en/Zoho-Announces-Zoho-Spend-and-Zoho-Billing-Enterprise-Edition-Offering-Large-Businesses-Greater-Control-and-Flexibility-Over-Billing-Operations-and-Company-Spend-as-They-ScaleAI giving scammers new tricks, enhancing old ones
https://www.accountingtoday.com/news/ai-giving-scammers-new-tricks-enhancing-old-onesFrom secure to spooked: White-collar workers face rising job fears
https://www.businessreport.com/article/from-secure-to-spooked-white-collar-workers-face-rising-job-fearsMon, 22 Dec 2025 - 576 - The IRS Agents Who Will Watch OnlyFans At Work
Will IRS agents have to watch OnlyFans to police the new “no tax on tips” deduction? Blake and David unpack the wild twist: a study showing that women-led audit teams deliver higher-quality work at lower fees, and why AI could finally kill the billable hour. They hit PCAOB’s AI/PE crackdown, KPMG’s AI exam cheating, AI‑written financial reports, Meta’s off‑balance‑sheet data center, the IRS Math Act, and new child investment accounts. Walk away with policy context and practical tech takeaways.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
ACFE - http://accountingpodcast.promo/acfe
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(01:15) - New Tax Deduction for Digital Content Creators (02:27) - IRS Agents and OnlyFans Content (04:39) - IRS Telework Policy Changes (06:15) - Earmark CPE and Listener Interaction (09:25) - President's Statement on Federal Income Tax (13:15) - IRS Math Act and Senator Justice's Tax Issues (16:03) - Trump Accounts and PCAOB Scrutiny on AI (24:20) - Audit Quality and Gender Diversity (28:30) - KPMG AI Cheating Scandal (30:51) - AI's Impact on Time Savings in Various Industries (32:56) - The Role of AI in Accounting and Its Limitations (34:26) - AI in Financial Reporting and Business Processes (36:44) - The Decline of the Billable Hour Due to AI (47:01) - Meta's Controversial Accounting Practices (50:56) - Pilot's New Partner Program for Accountants (58:58) - Conclusion and Final ThoughtsShow Notes
Coming soon!
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
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Mon, 15 Dec 2025 - 575 - Trump's Department of Education Says Accountants Aren't Professionals
Are accountants no longer “professionals”? We unpack the DOE proposal that could slash grad loan limits—and what AICPA/NASBA plans to do about it. Plus: Deloitte’s AI-made citations, EY’s audit turnaround, PwC’s end‑to‑end AI audit ambitions, and OpenAI’s circular investment into accounting rollups. We also cover Xero’s new auto‑reconcile, Intuit’s small‑biz data ad play, and two practical wins: Google’s shared inboxes and unexpected networking tactics for landing that first job.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
ACFE - http://accountingpodcast.promo/acfe
OnPay - http://accountingpodcast.promo/onpay
Chapters
(00:00) - Introduction and Podcast Overview (00:44) - Headline: Accountants No Longer Professionals? (02:18) - Department of Education's Proposal and Reactions (03:50) - Implications for Accounting Students and Professionals (09:28) - Deloitte's AI Work Swap Controversy (12:46) - EY's Audit Quality Improvements (20:56) - Economic Update: Tariffs and Job Market (34:02) - Circular AI Investments: A Closer Look (36:31) - AI Tools for Accountants: New Features (39:32) - Xero's New Pricing and AI Policies (49:13) - PWC's AI-Driven Audit Automation (52:39) - Google Workspace Shared Inboxes (55:49) - Dissolution of the Department of Government Efficiency (56:47) - Career Networking Tips for Accountants (01:01:16) - Outsourcing Talent: A Global PerspectiveShow Notes
Department of Education Accounting Professional Degree Classification
https://www.newsweek.com/full-list-degrees-professional-trump-administration-11085695Accountants Inexplicably Deemed "Not Professional" Under OBBBA Student Loan Rules
https://www.goingconcern.com/accountants-inexplicably-deemed-not-professional-under-obba-student-loan-rules/Department of Education Unclassifies Accounting as a Professional Degree
https://www.cpapracticeadvisor.com/2025/11/24/department-of-education-unclassifies-accounting-as-a-professional-degree/173875/Deloitte allegedly cited AI-generated research in a million-dollar report for a Canadian provincial government https://fortune.com/2025/11/25/deloitte-caught-fabricated-ai-generated-research-million-dollar-report-canada-government/
Major N.L. healthcare report contains errors likely generated by A.I.
https://theindependent.ca/news/lji/major-n-l-healthcare-report-contains-errors-likely-generated-by-a-i/N.L. asks Deloitte to carry out review after 'incorrect' citations found in $1.6M provincial health plan
https://www.cbc.ca/news/canada/newfoundland-labrador/nl-deloitte-citations-9.6990216
OpenAI's investment into Thrive Holdings is its latest circular deal
https://techcrunch.com/2025/12/01/openais-investment-into-thrive-holdings-is-its-latest-circular-deal/Thrive-backed accounting firm Crete to spend $500 million in AI roll-up
https://finance.yahoo.com/news/thrive-backed-accounting-firm-crete-130200467.htmlCrete PA plans $500 million spend to buy and upgrade accounting firms with AI
https://www.accountingtoday.com/news/crete-pa-plans-500-million-spend-to-buy-and-upgrade-firms-with-aiOpenAI takes an ownership stake in Thrive Holdings to accelerate enterprise AI adoption
https://openai.com/index/thrive-holdings/Trump Tariffs: The Economic Impact of the Trump Trade War
https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/IEEPA Tariffs Are Down from April Threats
https://taxfoundation.org/blog/ieepa-tariffs-rates-down-april-threats/
Intuit SMB MediaLabs Audiences Now Available on The Trade Desk Platform
https://investors.intuit.com/news-events/press-releases/detail/1288/intuit-smb-medialabs-audiences-now-available-on-the-trade-desk-platform-connecting-advertisers-with-small-and-mid-market-businessesIntuit SMB MediaLabs | Advertising Network
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Apple Podcasts: http://cloudacctpod.link/AppleP...Mon, 08 Dec 2025 - 574 - What Americans Are Most Afraid of Discussing at Thanksgiving
Do money talks make your family squirm more than politics? In this Thanksgiving mailbag, Blake and David dig into a Bankrate survey on taboo money chats, the grim 2026 grad job market, and the maze of CPA experience sign-offs after NASBA’s program vanished. You’ll hear practical career advice (big firm vs. small, starting bookkeeping), what AI can and can’t do for accountants today, plus news on audit partners’ outlook and tariff shifts hitting grocery bills.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(01:14) - Listener Mailbag: Top Messages of the Year (02:05) - Thanksgiving Dinner Conversations: Money vs. Politics (06:11) - Listener Questions: CPA Licensing Challenges (12:07) - NASBA Data Issues and CPA Exam Pass Rates (13:24) - Economic Optimism Among Audit Partners (17:22) - Political News: Tariff Rollbacks (19:03) - Career Advice for Accounting Students (26:47) - AI's Impact on Accounting Careers (27:34) - AI's Current Capabilities and Limitations (31:10) - Future of AI in Accounting (34:49) - Challenges in Accounting Education (40:51) - Listener Mail and Feedback (46:23) - Accounting News and StoriesShow Notes
Companies Predict 2026 Will Be the Worst College Grad Job Market in Five Years
https://www.wsj.com/lifestyle/careers/2026-graduates-job-market-7928bcd7Survey: Americans would rather discuss politics or religion than what's in their bank accounts
https://www.bankrate.com/banking/financial-taboos-survey/
Audit partners feel more optimistic about economy
https://www.accountingtoday.com/news/audit-partners-feel-more-optimistic-about-economyTrump lowers tariffs on coffee, beef and fruits, as Americans' concerns about affordability grow
https://www.cnn.com/2025/11/14/economy/lower-tariffs-coffee-beef-bananas-produce
Georgia Accountant Arrested After Allegedly Tearing Down Trump Sign, Shooting at North Carolina Man's House
Measuring AI Ability to Complete Long Tasks
https://metr.org/blog/2025-03-19-measuring-ai-ability-to-complete-long-tasks/
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Collective by DBA - https://collective.cpa/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd
Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Thu, 27 Nov 2025 - 573 - Intuit's $100m/yr OpenAI Deal & How Tech Companies Juice Profits
Blake breaks down how AI can help with cost segregation and explains why AI currently works best on tasks that take humans 2-5 minutes. Michael Burry is betting against AI companies, claiming they're manipulating earnings by stretching server depreciation from 3-4 years to 5-6 years, adding billions to their bottom lines. Also covered: Intuit's $100 million annual OpenAI deal to integrate QuickBooks and TurboTax into ChatGPT, new bank evidence in the Rippling corporate espionage case, and a survey showing 10% of adults are acting on AI tax advice despite error rates up to 50%.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Relay - http://accountingpodcast.promo/relay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(00:00) - Welcome to The Accounting Podcast (00:49) - Blake's Illness and Recovery (02:05) - Upcoming Topics (04:06) - Cost Segregation Explained (06:46) - AI in Cost Segregation (11:15) - AI's Current Capabilities and Limitations (19:10) - Intuit's OpenAI Deal (22:01) - Intuit's Strategy and Industry Implications (30:12) - Michael Burry's New Bet Against AI (31:21) - Depreciation and AI Companies (39:15) - Rippling vs. Deel: Corporate Espionage (42:44) - New Jersey's Alternative Pathways Bill (44:39) - AI's Role in Tax and Investing Advice (47:37) - Defining Audit Quality: PCOB's New Initiative (51:56) - FASB's Costly Lease Standard (56:13) - Ancient Accounting Systems in Peru (58:45) - Conclusion and Viewer InteractionShow Notes
AI Is Now a First Stop for Tax and Investing Questions - CPAs Need a Playbook Fast
https://www.cpapracticeadvisor.com/2025/10/29/ai-is-now-a-first-stop-for-tax-and-investing-questions-cpas-need-a-playbook-fast/171939/19% lost $100 or more on bad AI financial advice
https://www.accountingtoday.com/news/19-lost-100-or-more-on-bad-ai-financial-advice
Intuit to pay OpenAI over $100 million for model access, ChatGPT integrates with TurboTax
https://www.cnbc.com/2025/11/18/intuit-pays-openai-100-million-turbotax-integrates-chatgpt.html
Intuit Strikes $100M Deal to Bring TurboTax and QuickBooks Into ChatGPT
https://www.eweek.com/news/intuit-100m-chatgpt-deal/
Intuit signs $100M+ deal with OpenAI to bring its apps to ChatGPT
https://techcrunch.com/2025/11/18/intuit-signs-100m-deal-with-openai-to-bring-its-apps-to-chatgpt/
Intuit and OpenAI join forces on new AI-powered experiences
https://openai.com/index/intuit-partnership/
'Big Short' investor Michael Burry accuses AI hyperscalers of artificially boosting earnings
Michael Burry Hits Back At Critics: Accuses AI Companies Of 'Suspicious Revenue Recognition' And Depreciation Gimmicks: 'Fraud, Not A Flywheel'
Fireside chat with PCAOB acting chair George Botic
https://www.accountingtoday.com/opinion/fireside-chat-with-pcaob-acting-chair-george-botic
New Banking Records Prove Deel Paid Thief Who Stole Trade Secrets from Rippling
Newly unsealed documents tie Deel to payments for alleged Rippling spy, while Deel points to witness incentives
https://www.calcalistech.com/ctechnews/article/h1ysgtng11l
FASB Says Certain Costs of Leases Standard Were Significantly Higher Than Expected
FASB finds leases standard was costlier than expected
https://www.accountingtoday.com/news/fasb-finds-leases-standard-was-costlier-than-expected
NJ's once-stalled CPA licensing bill advances after 'surprise' vote
Indigenous accounting and exchange at Monte Sierpe ('Band of Holes') in the Pisco Valley, Peru
Peru's ancient 'band of holes' mystery may be solved
https://edition.cnn.com/2025/11/21/science/peru-band-of-holes-mystery
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Fri, 21 Nov 2025 - 572 - The Future of Advisory: Unlocking Your Firm’s CFO Potential (from The Earmark Podcast)
Earmark Media Presents a bonus episode of Earmark Podcast:
Live from Boston on the final stop of the Advisory Amplified tour, Blake sits down with James Erving from Fathom and Chris Macksey from Prix Fixe Accounting to explore what advisory services really mean beyond bookkeeping and compliance. Chris shares how his firm requires advisory for all restaurant clients, using industry expertise and operational metrics to guide decisions on everything from menu pricing to expansion timing. The conversation covers the difference between delivering information versus being integral to decision-making, with insights on forecasting, benchmarking, and why visual KPIs help clients with low financial literacy understand their business performance.
Meet Our Guests
James Erving
LinkedIn: https://www.linkedin.com/in/jameserving/
Learn more about Fathom
Official website: http://fathomhq.com
Chris Macksey
LinkedIn: https://www.linkedin.com/in/cmacksey/
Learn more about Prix Fixe Accounting
Official website: https://prixfixe.accountants/
Need CPE?
Get CPE for this episode: https://earmark.app/c/2912Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Thu, 20 Nov 2025 - 571 - Leading with Empathy: Building Teams That Thrive (from The Earmark Podcast)
Earmark Media Presents a bonus episode of Earmark Podcast:
On the fifth stop of the Advisory Amplified tour in Atlanta, Blake sits down with Lisa Gilreath of Acuity and Valerie Heckman of OnPay to discuss what empathetic leadership actually looks like in an industry notorious for long hours and tight deadlines. The conversation covers everything from recognizing when team members are struggling to handling toxic high performers, with real talk about building slack into capacity planning and why unused PTO is a red flag. Lisa and Valerie share concrete steps for creating a culture where people feel supported enough to lean in when it matters most.
Meet Our Guests
Valerie HeckmanLinkedIn: https://www.linkedin.com/in/valerieheckman/
Learn more about OnPay
Official website: https://onpay.com
Lisa Gilreath
LinkedIn: https://www.linkedin.com/in/lisa-gilreath-2ba506a/
Learn more about Sorren
Official website: https://sorren.com/
Need CPE?
Get CPE for this episode:https://earmark.app/c/2909Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Check out our new website - accountingconferences.com
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Tue, 18 Nov 2025 - 570 - Banking on Change: How Renegade Firms Redefine Success (from The Earmark Podcast)
Earmark Media Presents a bonus episode of Earmark Podcast:
Live from Austin on the Advisory Amplified tour, Blake sits down with Madeline Reeves of Fearless Foundry and Wesley McDonald of Relay to explore what it truly means to be a renegade in accounting: firms that lead clients to somewhere new rather than settle for "the way things have always been done." The conversation explores why top firms aren't afraid to say no to the wrong clients, how transparency in compensation and career pathways can address the talent crisis, and the hard-won lessons learned about building cultures of collaboration over competition.
Meet Our Guests
Madeline ReevesLinkedIn:https://www.linkedin.com/in/madelinefearless/
Learn more about Fearless Foundry
Official website:http://www.fearlessfoundry.com
Wesley McDonald
LinkedIn: https://www.linkedin.com/in/wmcdonald48/?originalSubdomain=ca
Learn more about Relay
Official website: https://relayfi.com
Need CPE?
Get CPE for this episode: https://earmark.app/c/2880Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Thu, 13 Nov 2025 - 569 - Unlocking Capacity: The Workflow Revolution (from The Earmark Podcast)
Earmark Media Presents a bonus episode of Earmark Podcast:
Blake sits down with Mary Delaney, CEO of Karbon, and Kenji Kuramoto, co-founder of Acuity, to explore how standardizing workflows can unlock growth without sacrificing the artistry of advisory work. They discuss Karbon's acquisition of Aider, the power of time studies to identify automation opportunities, and why getting senior advisors to embrace process requires framing workflow as empowerment rather than micromanagement. Kenji shares lessons from building Acuity's advisory practice and why workflow due diligence became critical during their 14-firm merger with Sorren.
Meet Our Guests
Mary Delaney
LinkedIn: https://www.linkedin.com/in/marywdelaney/
Learn more about Karbon
Official website: http://karbonhq.com
Kenji Kuramoto
LinkedIn: https://www.linkedin.com/in/kenjikuramoto/Learn more about Acuity
Official website: https://acuity.co
Need CPE?
Get CPE for this episode: https://earmark.app/c/2877Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Check out our new website - accountingconferences.com
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Tue, 11 Nov 2025 - 568 - NASBA Enters the Chat on PE in Accounting & Intuit to Open Retail Stores
Is private equity eroding the soul of the accounting profession? Blake and David unpack NASBA’s PE task force, the BDO–First Brands meltdown, and why ‘appearance of independence’ matters. They also break down the end of IRS Direct File, Intuit’s TurboTax stores, the Supreme Court’s skepticism of Trump tariffs, and a new IRS notices law. Plus: AI agents that fall for scams. Learn what these shifts mean for firms, auditors, and your clients this tax season.
Sponsors
Relay - http://accountingpodcast.promo/relay
BILL - http://accountingpodcast.promo/bill
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(00:00) - Welcome to The Accounting Podcast (01:16) - Viral Tweet and Personal Anecdotes (01:53) - Interview with Furloughed IRS Lawyer (05:45) - Government Shutdown Economic Impact (10:11) - Intuit's New Retail Stores and IRS Direct File Shutdown (14:30) - IRS Leadership and Controversies (17:28) - Trump's Pardons and IRS Math and Taxpayer Help Act (24:53) - Supreme Court Hearing on Tariffs (31:17) - Major Authority and the Power of the Purse (32:03) - AI Agents Falling for Scams (35:32) - NASBA's Private Equity Task Force White Paper (37:02) - Concerns Over Auditor Independence (49:10) - BDO and First Brands Scandal (01:02:35) - Wrap up and Final ThoughtsShow Notes
Longest Shutdown in History Costs U.S. Economy About $15 Billion Each Week
https://www.cpapracticeadvisor.com/2025/11/05/longest-shutdown-in-history-costs-u-s-economy-about-15-billion-each-week/172368/IRS tells states Direct File 'will not be available' in 2026
https://federalnewsnetwork.com/it-modernization/2025/11/irs-direct-file-will-not-be-available-in-2026-agency-tells-states/Intuit to open 20 brick-and-mortar TurboTax stores+offices
https://www.accountingtoday.com/news/intuit-to-open-20-brick-and-mortar-turbotax-stores-officesSocial Security, IRS Leader Bisignano Panned After Fiserv Stock Tanks
https://401kspecialistmag.com/social-security-irs-leader-bisignano-panned-after-fiserv-stock-tanks/Trump Tariffs Face Supreme Court Challenge From Chicago Toymaker
https://www.bloomberg.com/news/features/2025-11-02/trump-tariffs-face-supreme-court-challenge-from-chicago-toymakerSupreme Court justices appear skeptical that Trump tariffs are legal
https://www.cnbc.com/2025/11/05/supreme-court-trump-trade-tarrifs-vos.htmlAICPA Applauds the Passage of the IRS Math and Taxpayer Help Act
https://www.aicpa-cima.com/news/article/aicpa-applauds-the-passage-of-the-irs-math-and-taxpayer-help-actFirst Brands founder accused of looting company
https://fortune.com/2025/11/05/first-brands-bankruptcy-founder-allegations-patrick-james/Are Alternative Practice Structures in Private Equity Considerations and Questions for Boards of Accountancy (NASBA White Paper) https://nasba.org
Microsoft Gave AI Agents Fake Money to Buy Things Online. They Spent It All on Scams
https://decrypt.co/347709/microsoft-ai-agents-fake-money-buy-online-they-spent-scams
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.
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Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
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Collective by DBA - https://collective.cpa/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd
Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Mon, 10 Nov 2025 - 567 - Pricing For Profit: Unlocking Your Firm’s True Value (from The Earmark Podcast)
Earmark Media Presents a bonus episode of Earmark Podcast:
Most accounting firms are dramatically underpricing their services, but the fear of losing clients keeps them stuck. Marie Greene and Ryan Embry join Blake for a live conversation in LA about spotting underpricing, having the repricing conversation, and why your worst clients are often the most price-insensitive. Plus, a live role-play demonstration of how to navigate a difficult pricing conversation.Meet Our Guests
Ryan Embree
LinkedIn: https://www.linkedin.com/in/ryan-embree-9463b286/
Learn more about Ignition
http://ignitionapp.com
Marie Greene, CPALinkedIn: https://www.linkedin.com/in/mariegreene/
Learn more about Connected AccountingNeed CPE?
Get CPE for this episode:https://earmark.app/c/2866Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch
Subscribe
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Thu, 06 Nov 2025 - 566 - Intuit Connect 2025: What's New With QuickBooks
Alicia Katz Pollock joins the show fresh from Intuit Connect with detailed notes on everything announced for QuickBooks Online and the accounting profession. The discussion covers Intuit's consolidation strategy to reduce reliance on third-party apps, the new tiered pricing structure for the Intuit Accountant Suite launching in 2026, and how AI agents are currently performing in bank feeds and transaction categorization. They also examine QuickBooks' move into CRM and marketing tools, the role of QuickBooks Live in Intuit's strategy, and what alternatives small businesses and accountants might consider.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Rippling - http://accountingpodcast.promo/rippling
BILL - http://accountingpodcast.promo/bill
Chapters
(00:00) - Introduction and Guest Welcome (00:56) - Intuit Connect Conference Overview (01:32) - Changes in QuickBooks and Intuit's Strategy (02:03) - AI Integration in QuickBooks (05:26) - The New Customer Hub and MailChimp Integration (06:54) - Concerns About AI and QuickBooks Ecosystem (12:10) - ProAdvisors' Role in the AI Era (18:47) - Addressing Reporting and Automation Issues (25:29) - The Future of QuickBooks Online Accountant (26:07) - New Features and Paid Tiers (27:10) - Intuit Accountant Suite Overview (28:26) - Core and Accelerate Versions (28:40) - Client Management and Dashboards (31:08) - Practice Management Tools (31:47) - Intuit's Market Strategy (35:50) - ProAdvisor and QuickBooks Live (36:54) - Quicken's Comeback (39:57) - AI and Automation in Accounting (50:15) - Intuit's Future Plans and Innovations (53:07) - Conclusion and CPE InformationListen and Subscirbe to The Unofficial QuickBooks Accountants Podcast!
https://uqb.show/subscribeConnect with Alicia Katz Pollock!
https://www.linkedin.com/in/aliciakatzpollock/
https://royalwise.com/Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Wed, 05 Nov 2025 - 565 - Burning It Down To Build Better: How Community Is Key To Battling Burnout (from The Earmark Podcast)
Earmark Media Presents a bonus episode of Earmark Podcast:
Recorded live in Seattle at the first stop of the Advisory Amplified tour, Blake sits down with Madeline Reeves (Fearless Foundry) and Lynette O'Connell (Burnout Bestie) to discuss the hard truths about burnout in accounting. Madeline shares how losing half her agency's revenue in 30 days forced her to stop trying to be likable and start building the business she actually wanted, while Lynette explains why nobody was coming to save her after scheduling overnight work shifts to keep up. They break down the three categories of burnout symptoms most accountants miss, why this profession attracts people whose love language is acts of service, and how to stop being the glue holding everything together.
Connect with the Guests:
Madeline Reeves
LinkedIn:https://www.linkedin.com/in/madelinefearless/
Learn more about Fearless Foundry
Official website: http://www.fearlessfoundry.com
Lynette Oss Connell
LinkedIn: https://www.linkedin.com/in/lynnette-oss-connell-cpa/
Learn more about Burnout Bestie
Official website: https://www.burnoutbestie.com/
Need CPE?
Get CPE for this episode:https://earmark.app/c/2858Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Tue, 04 Nov 2025 - 564 - BDO vs Going Concern, Trump's $3 Trillion Tariff Tax & Film Accountant's $2M Fraud
Blake and David cover BDO's legal threat against Going Concern over independence questions, Crowe hiring an investment bank to explore private equity options, and Trump pardoning Binance founder after the crypto venture made his family richer than their entire property portfolio. Plus, tariffs create a paperwork nightmare for small businesses, accounting ranked 90th out of 100 best jobs, a film production accountant who embezzled $2 million for Vegas stays and sugar daddy payments, and the Supreme Court hearing arguments on whether Trump's tariffs amount to an illegal $3 trillion tax.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Rippling - http://accountingpodcast.promo/rippling
Chapters
(00:00) - Welcome to the Accounting Podcast Live from Intuit Connect (01:16) - Top Story: BDO vs. Going Concern (05:02) - The Fraud Triangle and Independence in Accounting (08:21) - BDO's Response to Allegations (16:44) - Accountants Rank 90th Best Job in the US (18:20) - Stablecoins and Treasury Management (19:10) - Trump Pardons Binance Founder (23:11) - Positive Hiring Outlook in Accounting (24:23) - Impact of Trump's Tariffs (27:26) - Challenges for Small Businesses Due to Tariffs (30:11) - Workplace Friendships and Pay Cuts (32:00) - App News: Keeper Rebrands to Double (35:18) - AI Adoption in Accounting (42:50) - Fraud in Film Production Accounting (45:40) - Private Equity in Accounting Firms (48:14) - Conclusion and Upcoming EventsShow Notes
A Message from CEO Wayne Berson to BDO USA Professionals
https://www.bdo.com/insights/press-releases/a-message-from-ceo-wayne-berson-to-bdo-usa-professionalsAuditor BDO Cuts Jobs With Focus on Managing Apollo Debt
https://www.bloomberg.com/news/articles/2025-10-11/auditor-bdo-cuts-jobs-with-focus-on-managing-apollo-debtAccountants Hold the 90th Best Job in U.S. News & World Report's 2025 Ranking
https://www.cpapracticeadvisor.com/2025/10/27/accountants-hold-the-90th-best-job-in-u-s-news-world-reports-2025-ranking/171733/Accountant - Career Rankings, Salary, Reviews and Advice
https://money.usnews.com/careers/best-jobs/accountantTrump pardons Binance founder Changpeng Zhao, aka "CZ"
https://www.cnbc.com/2025/10/23/trump-pardons-binance-founder-cz-zhao.htmlThe Accounting Firm Weighing Private-Equity Ownership After Years of Ignoring Calls
https://www.wsj.com/articles/the-accounting-firm-weighing-private-equity-ownership-after-years-of-ignoring-calls-8b7377fcCrowe Ponders PE Investment Amid Middle Market Firm Shake-Up
https://news.bloombergtax.com/financial-accounting/crowe-ponders-pe-investment-amid-middle-market-firm-shake-upThe Disproportionate Effects of Declining Interest Within Different Accounting Fields: An Uneven Pipeline (CPA Journal)
https://www.cpajournal.com/2025/10/22/the-disproportionate-effects-of-declining-interest-within-different-accounting-fieldsMovie Accountant Charged with Embezzling Nearly $2M From Indie Films
https://www.cpapracticeadvisor.com/2025/08/12/movie-accountant-charged-with-embezzling-nearly-2m-from-indie-films/167240/
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Thu, 30 Oct 2025 - 563 - Trump to Target IRS at Left-Leaning Groups & NASBA Needs An Audit
What if a “stable” coin wasn’t? Blake and David unpack Paxos’s accidental minting of $300 trillion in PayPal USD—and what it reveals about stablecoin “pegs.” They also dig into proposals to weaponize IRS Criminal Investigations, NASBA’s flawed CPA exam data, and small-business headaches from forced AI rollouts in QuickBooks. Plus: Ripple’s treasury move, whether AI can run a $1M solo firm, and smart guardrails for using AI without breaking your books.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Relay - http://accountingpodcast.promo/relay
Bill.com - http://accountingpodcast.promo/bill
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(01:12) - Celebrating Spreadsheet Day (04:40) - Remote Work and Flexibility in Accounting (05:50) - Live Stream Interaction (06:16) - Political Discussion: IRS Overhaul (18:12) - NASBA Data Issues (24:51) - AI in Accounting: QuickBooks and Docket (41:28) - Upcoming Events and Conferences (42:38) - Navigating Conferences: Tips and Challenges (43:16) - The Future of Earmark: Audio Books and Discounts (46:21) - Chicago Teachers Union Audit Controversy (48:52) - Stablecoins and Cryptocurrency Concerns (56:09) - AI and the Future of Accounting (57:32) - The Talent Shortage in Accounting (01:03:30) - The CPA Exam and the Future of the Profession (01:16:48) - Government Shutdown and Its Impact (01:18:48) - Closing Remarks and Listener EngagementShow Notes
Trump Administration Plans IRS Overhaul to Target Left-Leaning Groups (Wall Street Journal)
https://www.foxbusiness.com/politics/trump-admin-plans-irs-overhaul-probe-left-leaning-groups-more-easily-wsj-reportsNew CPA Success Index is DOA: NASBA's data behind the index no longer holds up
https://www.accountingtoday.com/opinion/cpa-success-index-is-doa-nasbas-data-behind-the-index-no-longer-holds-upDocyt Launches Mission to Create the 'Million Dollar Accountant'
https://www.cpapracticeadvisor.com/2025/10/15/docyt-launches-mission-to-create-the-million-dollar-accountant/170851/Ripple Acquires GTreasury for $1 Billion
https://www.gtreasury.com/news/ripple-acquires-gtreasuryPaxos Accidentally Mints $300 Trillion 'Excess' PayPal Stablecoin
https://www.pymnts.com/cryptocurrency/2025/paxos-accidentally-mints-300-trillion-excess-paypal-stablecoin/Dozens of Arkansas cities still without state funds over missing audits
https://www.ktlo.com/2025/10/13/dozens-of-arkansas-cities-still-without-state-funds-over-missing-auditsChicago Teachers Union members sue union bosses over missing financial reports
https://www.illinoispolicy.org/chicago-teachers-union-members-sue-union-bosses-over-missing-financial-reports/
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Wed, 22 Oct 2025 - 562 - Deloitte Caught Making AI Workslop, IRS Shutdown Continues
Could an AI catch what auditors and a CFO missed? This week, Blake and David unpack how a founder used Claude to scan QuickBooks and uncover a $2.1M embezzlement in 18 minutes. They also tackle Deloitte’s AI ‘workslop’ refund, shutdown-driven IRS and air travel woes, the IRS’s new “CEO” and crypto ties, OpenAI’s personal finance play, EY’s audit rebound, BDO’s ESOP squeeze, and crypto funds courting CPA clients.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Rippling - http://accountingpodcast.promo/rippling
Assembly - http://accountingpodcast.promo/assembly
Chapters
(01:35) - Deloitte's AI Report Scandal (09:05) - Government Shutdown Impact on IRS and Air Travel (23:56) - AI in Accounting: Risks and Opportunities (34:49) - Competing with the Status Quo (35:38) - Pricing Bookkeeping Services (36:31) - Standardizing Services Based on Price (37:14) - Client Needs vs. Service Offerings (38:00) - The Monthly Close Obsession (40:01) - Broken Charts in Financial Reports (43:15) - Cracker Barrel Logo Controversy (47:08) - EY's Audit Quality Turnaround (49:53) - Crypto Investment Schemes (55:48) - BDO's Financial Struggles (01:00:34) - Conclusion and AnnouncementsShow Notes
Deloitte to partially refund Australia for report with apparent AI-generated errors
https://abcnews.go.com/Technology/wireStory/deloitte-partially-refund-australian-government-report-apparent-ai-126281611Claude Exposed My Co-Founder's $2M Theft — AI Evidence Turned Into Lawsuit
https://techbullion.com/claude-exposed-my-co-founders-2m-theft-ai-evidence-turned-into-lawsuit/New Research: 20% of Americans use AI tools 10X+/month, but growth is slowing and traditional search hasn't dipped
https://sparktoro.com/blog/new-research-20-of-americans-use-ai-tools-10x-month-but-growth-is-slowing-and-traditional-search-hasnt-dipped/The Danger of Bad Charts
https://www.cpajournal.com/2025/10/10/the-danger-of-bad-charts-2/Cracker Barrel's logo controversy was driven by bots
https://www.nrn.com/casual-dining/cracker-barrel-s-logo-controversy-was-driven-by-bots-what-operators-should-learn-from-thisOur commitment to audit quality — Ernst & Young LLP's 2025 report
https://www.ey.com/en_us/assurance/audit-quality-reportEY drops clients to improve audits after leading Big Four in deficiencies
https://www.cfobrew.com/stories/2024/08/27/ey-drops-clients-to-improve-audits-after-leading-big-four-in-deficienciesOpenAI Buys Personal Finance App Roi
https://www.pymnts.com/acquisitions/2025/openai-buys-personal-finance-app-roi/With its latest acqui-hire, OpenAI is doubling down on personalized consumer AI
https://techcrunch.com/2025/10/03/with-its-latest-acqui-hire-openai-is-doubling-down-on-personalized-consumer-ai/BDO USA Expands Professional Services Capabilities Through HORNE
https://www.bdo.com/insights/press-releases/bdo-usa-expands-professional-services-capabilities-through-horneAuditor BDO Cuts Jobs With Focus on Managing Apollo Debt https://www.bloomberg.com/news/articles/2025-10-11/auditor-bdo-cuts-jobs-with-focus-on-managing-apollo-debt
Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.
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Check out our new website - accountingconferences.com
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Transcripts
The ...
Wed, 15 Oct 2025 - 561 - WNBA Commissioner Has Worst Week of Any CPA
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Bill.com - http://accountingpodcast.promo/bill
Assembly - http://accountingpodcast.promo/assembly
Chapters
(00:00) - AI-Driven CEO Impersonator Scams (00:38) - WNBA Commissioner Controversy (07:04) - Standardizing Tech Stacks in Accounting Firms (13:06) - AI's Role in Accounting and Client Management (18:27) - IRS Shutdown and Economic Implications (25:49) - Fraud Stories and AI-Generated Scams (33:31) - Alternative CPA Pathways in California and New Jersey (34:32) - California's New CPA Pathways (35:45) - US News & World Report Rankings (37:38) - Tech Fundraising and Innovations (37:56) - Bill's Cybersecurity Awareness Month (40:33) - Dual Entry's $90 Million Series A (43:35) - AI and ERP Systems (50:58) - Avalara's AI Tax Compliance Agents (53:01) - Ignition's AI-Powered Pricing Tool (01:01:20) - Paycom's Layoffs and AI Automation (01:05:00) - Conclusion and Upcoming EventsShow Notes
Coming soon!
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Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Need Accounting Conference Info?
Check out our new website - accountingconferences.com
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Mon, 06 Oct 2025 - 560 - Entry Level Auditor Jobs Fall 43% & the AI Workslop Heading Downstream
Blake and David examine the growing threat of AI-generated fake receipts, with 32% of accountants unable to recognize fraudulent documents and 30% reporting an increase in fraud since last year. They also discuss the concerning decline in entry-level auditor positions (down 43% since January) as firms adopt AI automation, while nearly half of accounts payable professionals now fear layoffs and also explore the concept of "work slop"—low-quality AI-generated work costing businesses nearly $200 per employee monthly—and debate whether firms should require clients to use standardized technology stacks, with only 37% currently doing so.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Rippling - http://accountingpodcast.promo/rippling
Bill.com - http://accountingpodcast.promo/bill
Bluebook - http://accountingpodcast.promo/bluebook
Chapters
(01:43) - Headline Story: Tech Stack Adoption in Accounting Firms (03:05) - Survey Insights: Tech Stack Usage in Firms (07:15) - AI's Impact on Entry-Level Jobs (13:55) - The Rise of 'Work Slop' and Its Costs (20:44) - AI and Automation in Accounting (25:08) - Human-in-the-Loop Automation with Zapier (28:22) - AI in Tax Research and IT Blockers (30:51) - Competitive Moats and Custom Bots (32:26) - Exciting Changes in CPE Standards (34:59) - Drake Software's Cloud-Based Tax Solution (43:06) - State Department Embezzlement Scandal (44:59) - Trump's Tariff Announcements (50:28) - H-1B Visa Fee Increase (56:20) - Conclusion and CPE InformationShow Notes
32% of accountants can't recognize AI-generated fake receipts
https://www.accountingtoday.com/news/32-admit-they-cannot-recognize-ai-generated-fake-receipts
Entry-level auditor job postings fell 43%, per Randstad
https://www.accountingtoday.com/news/entry-level-auditor-job-postings-fell-43-per-randstad
AI-Generated "Workslop" Is Destroying Productivityhttps://hbr.org/2025/09/ai-generated-workslop-is-destroying-productivity
97% say CPA firms not using tech efficiently says surveyhttps://www.accountingtoday.com/news/97-say-cpa-firms-not-using-tech-efficiently-says-survey
CPA.com & BILL Growth Survey: How Firms Plan to Stay Aheadhttps://www.bill.com/blog/cpa-and-bill-growth-technology-survey
AP Pros Face Growing Layoff Concerns and See Automation as a Career Lifeline
Get more control over your workflows with Human in the Loop!
54% use AI in tax research, but search engines remain prominenthttps://www.accountingtoday.com/news/54-use-ai-in-tax-research-but-search-engines-remain-prominent
Drake Software Introduces Drake Tax Onlinehttps://www.cpapracticeadvisor.com/2025/09/24/drake-software-introduces-drake-tax-online/169572/
Drake Software Launches Drake Tax Online: Powerful, Flexible Tax Software in the Cloud
NASBA, AICPA release proposed revisions to CPE standards
NASBA, AICPA Release Exposure Draft of Proposed Revisions to CPE Standardshttps://nasba.org/blog/2025/09/15/revisions-to-cpe-standards-2025/
H-1B FAQ
https://www.uscis.gov/newsroom/alerts/h-1b-faq
Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Need Accounting Conference Info?
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Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser:Thu, 02 Oct 2025 - 559 - Accounting Firm Revenues, Profits, Compensation Rise
Are accounting firms quietly having their best year ever? Blake and David break down why revenues and partner comp are rising—despite AI anxiety—and what it means for pricing and staffing. They unpack Gusto Money’s Melio-powered bill pay, Relay’s $1B milestone, Drake’s new workflow, and AI tools that actually help (note-takers, agents, research). Plus: Trump’s biannual reporting idea, peer review for PE-backed firms, BOI reversal, and the messy ‘no tax on tips’ proposal.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
TeamUp - http://accountingpodcast.promo/teamupBluebook - http://accountingpodcast.promo/bluebook
Chapters
(00:00) - Introduction and Revenue Insights (00:43) - Welcome to the Accounting Podcast (01:00) - Gusto Showcase Event Highlights (04:18) - The Importance of Long-Term Relationships in FinTech (08:58) - Advisory Amplified Tour Announcement (11:06) - AI in Accounting: Honest Reflections from a Tech Founder (16:48) - AI Meeting Assistants for Accounting Firms (21:03) - Comparing AI Tools: Blue Jay vs. ChatGPT (29:43) - Accounting Firms' Revenue and Compensation Growth (31:12) - Rising Costs and Accounting Firm Strategies (32:25) - NASBA's New Mobile App for CPA Exam Candidates (33:50) - Drake Software's Workflow Automation Launch (37:13) - AI in the Workplace: Surveys and Trends (41:16) - Fiverr's Shift to AI and Layoffs (44:09) - Trump's Proposal on Financial Reporting (50:01) - Private Equity and Peer Review Oversight (52:28) - Tax-Free Tips and Proposed Regulations (54:13) - AICPA and NASBA's Earn and Learn Program Shutdown (55:20) - Conclusion and Listener EngagementShow Notes
CPA Firms Report Steady Growth in Revenue and Profit, AICPA Research Finds
https://www.aicpa-cima.com/news/article/cpa-firms-report-steady-growth-in-revenue-and-profit-aicpa-research-findsVinyl Raises $2M to Build the Future of AI Meeting Assistants for Accountants
https://www.usevinyl.com/insights/blog/vinyl-seed-funding-announcementDrake Software Unveils Powerful New Tax Workflow Automation Tools
https://www.prnewswire.com/news-releases/drake-software-unveils-powerful-new-tax-workflow-automation-tools-302558230.html
NASBA Releases CPA Mobile App for Future CPAs
https://www.accountingtoday.com/news/nasba-releases-cpa-mobile-appAICPA Seeks Comment on Peer Review Proposal for Firms with Private Equity Backing
https://www.cpapracticeadvisor.com/2025/09/16/aicpa-seeks-comment-on-peer-review-proposal-for-firms-with-private-equity-backing/169014/
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Wed, 24 Sep 2025 - 558 - The HIRE Act Would Tax Firms 25% for Offshore Labor
Blake and David examine several major developments affecting the accounting profession, including the proposed HIRE Act that would impose a 25% excise tax on offshore labor payments to accounting firms. They also look at how AI is transforming hiring practices at major firms like PwC, which is cutting graduate recruitment due to advancing technology and explore practical AI implementation strategies for accounting firms, moving beyond basic chatbots to integrated workflows. The show wraps up with a story about fraud at The Epoch Times - a $67 million money laundering scheme - and the ongoing costs of bad social media tax advice.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Relay - http://accountingpodcast.promo/relay
TeamUp - http://accountingpodcast.promo/teamup
Chapters
(00:00) - Introduction and Personal Updates (00:48) - AI in Accounting: Challenges and Opportunities (04:57) - The Higher Act: Taxing Offshore Labor (05:23) - Feel-Good Story: The Oldest Marching Band Member (10:23) - Impact of AI on Job Market (26:33) - Gambling Scandal and AI in Government (36:22) - Expense Management Simplified (38:29) - Supreme Court and Tariffs Update (42:37) - Red Lobster's Downfall: A Case Study (45:37) - The Role of AI in Accounting Firms (01:03:04) - Epic Times CFO Charged with Money Laundering (01:08:38) - Conclusion and AnnouncementsShow Notes
New Moreno Bill Would Crack Down on Outsourcing, Fund American Workers - Senator Bernie Moreno
HIRE Act - A BILL
https://www.moreno.senate.gov/wp-content/uploads/2025/09/The-HIRE-Act.pdf
Moreno Bill to Crackdown on Foreign Outsourcing Blocked by Senate Democrats - Senator Bernie Moreno
Offshoring is Screwed If This HIRE Act Thing Goes Anywhere But Let's Not Get Too Excited Yet - Going Concern
PwC's U.K. chief admits he's cutting back entry-level jobs and taking a 'watch and wait' approach to see how AI changes work | Fortune
AI takes entry-level jobs as Big Four slash graduate hiringhttps://bmmagazine.co.uk/news/big-four-cut-graduate-jobs-ai/
PwC Cuts Graduate Hiring as AI Reshapes Entry-Level Careers - TechStoryhttps://techstory.in/pwc-cuts-graduate-hiring-as-ai-reshapes-entry-level-careers/
IRS assesses $162 million in penalties over false tax credit claims tied to social media | Internal Revenue Service
Social media claims cost taxpayers $162M, IRS says. See the 'tips' to avoid
IRS warns taxpayers: Social media advice can lead to costly penalties
Dirty Dozen: Taking tax advice on social media can be bad news for taxpayers; inaccurate or misleading tax information circulating | Internal Revenue Service
Albania appoints world's first AI government 'minister' to root out corruption | Euronews
Diella (AI system) - Wikipediahttps://en.wikipedia.org/wiki/Diella_(AI_system)
Epoch Times embroiled in alleged cryptocurrency money laundering scheme - The Washington Posthttps://www.washingtonpost.com/style/media/2024/06/04/epoch-times-money-laundering-cryptocurrency/
CFO of Falun Gong-linked Epoch Times arrested and accused of role in $67m multinational money laundering scheme | Fortune
The only recap of Red Lobster's downfall you needhttps://thetakeout.com/red-lobster-endless-shrimp-private-equity-downfall-recap
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Thu, 18 Sep 2025 - 557 - Who Gets No Tax on Tips, Why Firms Struggle With Tech, Xero Updates
Are AI “super agents” like Xero’s Jax actually useful—or just shiny chatbots? Blake and David unpack Xerocon announcements, why embedded agents lack context, smarter way to automate bank feeds with rules, the leaked “no tax on tips” job list and planning opportunities, IRS staffing whiplash, plus what billion‑dollar AI pledges from big firms really mean. Walk away with practical steps to deploy AI that saves hours without losing control.
Sponsors
TeamUp - http://accountingpodcast.promo/teamup
Rippling - http://accountingpodcast.promo/rippling
Digits - http://accountingpodcast.promo/digits
Chapters
(00:00) - Introduction and Podcast Overview (00:45) - Continuing Professional Education (CPE) Credits (03:20) - Live Stream Interactions and Coffee Talk (04:09) - Upcoming Deadlines and Tax Season Tips (05:52) - Upcoming Conferences and Events (14:48) - Blake's New Book Announcement (24:27) - No Tax on Tips Discussion (28:57) - IRS Workforce Challenges (31:41) - State Tax Implications for NFL Players (36:22) - Xero Con and AI Financial Super Agent (37:51) - Analyzing Gross Profit Trends (39:43) - Limitations of AI in Accounting (42:12) - AI-Powered Bank Reconciliation (49:47) - Automating Invoice Creation with AI (55:01) - Grant Thornton's AI Investment (01:02:16) - The Future of AI in Accounting (01:13:03) - AI's Impact on Accounting Jobs (01:21:26) - Implementing AI in Accounting FirmsShow Notes
Treasury names jobs for Trump's 'no tax on tips' deduction
https://www.cnbc.com/2025/09/03/treasury-trump-no-tax-on-tips-jobs.htmlScoop: List of jobs covered by Trump's "no tax on tips" (See if you qualify)
https://www.axios.com/2025/09/01/no-tax-on-tips-jobs-trump-billWorkers in 68 occupations may soon be exempt from paying taxes on tips, including some surprising jobs
https://www.cbsnews.com/news/no-tax-on-tips-trump-big-beautiful-bill-68-occupations-heres-who/IRS is canceling its layoff plans, will ask some it fired or pushed out to return
https://www.govexec.com/workforce/2025/08/irs-canceling-its-layoff-plans-will-ask-some-it-fired-or-pushed-out-return/407620/The IRS is Downsizing: Key Divisions Most Affected in 2025
https://sandbergphoenix.com/the-irs-is-downsizing-key-divisions-most-affected-in-2025/Grant Thornton Advisors investing $1 billion to arm the multinational workforce across its platform with powerful AI tools and technology
https://www.businesswire.com/news/home/20250904414830/en/Grant-Thornton-Advisors-investing-$1-billion-to-arm-the-multinational-workforce-across-its-platform-with-powerful-AI-tools-and-technologyGrant Thornton Advisors to Sink $1 Billion Over Three Years on AI
https://www.cpapracticeadvisor.com/2025/09/05/grant-thornton-advisors-to-sink-1-billion-over-three-years-on-ai/168500/Need CPE?
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Wed, 10 Sep 2025 - 556 - Excel Gets AI, FP&A Pros Under Threat, QBO AI Feeds Blowback
Are AI bank feeds helping—or just creating more work? Blake and David unpack Intuit’s missteps, why “use AI to make the rules” matters, and how a no‑code agent now posts multi‑line bills to Xero. They demo Excel’s new "copilot()" function, share how FP&A roles are shifting, and hit headlines from Barstool’s lawsuit to tariffs and Gusto’s Guideline deal. You’ll leave with practical ways to deploy AI, avoid hidden risks, and boost margins.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
TeamUp - http://accountingpodcast.promo/teamup
Digits - http://accountingpodcast.promo/digits
Chapters
(00:43) - Planning with AI (02:03) - The Threat of AI to Consultants (04:41) - AI in QuickBooks: A Double-Edged Sword (06:19) - AI's Limitations and Future in Accounting (27:02) - Excel's New AI Copilot (28:22) - Introducing the Copilot Function in Excel (33:50) - AI in the Workplace: Challenges and Opportunities (37:44) - Barstool Sports vs. Omega Accounting Solutions (41:29) - New Tariff Policies and Their Impact (53:45) - Gusto Acquires Guideline for Retirement Services (54:26) - Conclusion and CPE InformationShow Notes
Bring AI to your formulas with the COPILOT function in Excel
https://techcommunity.microsoft.com/blog/microsoft365insiderblog/bring-ai-to-your-formulas-with-the-copilot-function-in-excel/4443487FP&A pros anticipate AI-driven headcount reductions
https://www.accountingtoday.com/news/fp-a-pros-anticipate-ai-driven-headcount-reductionsPresident Trump Ends Unfair "De Minimis" Tariff Exemption, A Major Victory in Securing the Homeland https://www.dhs.gov/news/2025/07/31/president-trump-ends-unfair-de-minimis-tariff-exemption-major-victory-securing
Fact Sheet: President Donald J. Trump is Protecting the United States' National Security and Economy by Suspending the De Minimis Exemption for Commercial Shipments Globally
https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-is-protecting-the-united-states-national-security-and-economy-by-suspending-the-de-minimis-exemption-for-commercial-shipments-globally/Barstool Sports Sues Accounting Firm Over Unpaid Advertising Bills
https://www.sportico.com/law/analysis/2025/barstool-omega-accounting-solutions-advertising-lawsuit-1234868719/
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Wed, 03 Sep 2025 - 555 - AI Shakes Up Big Four Accounting Job Market
Can AI agents actually reduce your workload—or just add hype? Blake demos how he rebuilt bill-entry “Hubdoc-style” in about an hour with Zapier Agents, then maps out why most AI pilots fail without documented workflows and human approvals. Plus: PwC’s plan to hire one-third fewer grads, juniors supervising AI, HMRC scanning social posts for tax gaps, and fresh salary and pricing benchmarks. Learn where AI truly fits—and how to price with confidence.
Sponsors
Relay - http://accountingpodcast.promo/relay
TeamUp - http://accountingpodcast.promo/teamup
Human at Scale - http://accountingpodcast.promo/human
Digits - http://accountingpodcast.promo/digits
Chapters
(05:36) - AI Agents: Hype vs. Reality (07:49) - AI's Impact on Corporate America (10:28) - Challenges in AI Integration (19:11) - PWC and AI: Training the Next Generation (21:43) - Building AI Agents with Zapier (41:00) - Human at Scale: Transforming Accounting Firms (42:34) - Live Stream Chat and AI Future (45:14) - Outsourcing vs. AI in Business (46:37) - AI in Accounting: Supervision and Customization (48:33) - Intuit's Q4 Earnings and QuickBooks Live (51:00) - AI's Impact on Accounting Jobs and Tools (59:48) - UK's AI Tax Fraud Detection (01:03:27) - Accounting Salary Survey Results (01:13:40) - Client Relationships and Free Speech Issues (01:18:18) - Conclusion and CPE InformationShow Notes
The GenAI Divide: State of AI in Business 2025 (MIT NANDA Report)
https://fortune.com/2025/08/18/mit-report-95-percent-generative-ai-pilots-at-companies-failing-cfo/Getting a job at PwC out of college will be a lot tougher. It plans to recruit a third fewer grads by 2028
https://www.aol.com/getting-job-pwc-college-lot-120316405.htmlHMRC uses AI to spot tax fraud on social media
https://www.accountancyage.com/2025/08/12/hmrc-uses-ai-to-spot-tax-fraud-on-social-media/The 2025 Accounting Today Salary Survey: Sweetening the deal
https://www.accountingtoday.com/news/the-2025-accounting-today-salary-survey-sweetening-the-deal2025 U.S. Accounting and Tax Pricing Benchmark (Ignition)
https://www.ignitionapp.com/us/2025-accounting-tax-pricing-benchmarkTaxDome Releases First-of-Its-Kind 2025 Niche Business Accounting Report
https://www.morningstar.com/news/pr-newswire/20250819ph53815/taxdome-releases-first-of-its-kind-2025-niche-business-accounting-report2025 Niche Business Accounting Report (TaxDome)
https://taxdome.com/niche-report-2025
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Wed, 27 Aug 2025 - 554 - Can ChatGPT Agent Mode Reconcile My Checking Account?
Can an AI reconcile your books while you sleep? Blake and David run a live experiment with ChatGPT-5’s Agent Mode in Xero—watching it match transactions, stumble on prepayments, and reveal what’s realistically automatable today. They also break down a flood of app news: Dext's bill pay, Ramp’s mega raise, Thomson Reuters and Deloitte’s agentic AI, plus Ignition–Financial Cents and Canopy portal moves. They dig into survey findings showing that 58% of employees are secretly using AI at work despite company bans, and take a look at how AI is disrupting the job market for college graduates.
Sponsors
TeamUp - http://accountingpodcast.promo/teamup
Relay - http://accountingpodcast.promo/relay
Human at Scale - http://accountingpodcast.promo/human
Missive - http://accountingpodcast.promo/missive
Chapters
(01:32) - Exploring AI in Accounting (02:20) - Testing ChatGPT for Accounting Tasks (05:26) - Reconciling Transactions with AI (10:27) - App News (18:34) - AI and Automation in Accounting (23:29) - Recent Raises and Acquisitions (31:10) - Government and Regulatory Updates (35:14) - AI Agent Struggles with Prepayment (35:39) - VC Investments in Accounting Firms (37:43) - Ignition and Financial Sense Integration (40:13) - Canopy's Smart Intake and AI Innovations (42:58) - AI in the Workplace: Surveys and Insights (44:39) - AI Agent Finally Figures Out Prepayment (52:36) - AI's Limitations and Future Potential (01:01:55) - Fundraising and AI in Accounting Apps (01:12:28) - Impact of AI on the market (01:13:42) - Conclusion and CPE InformationShow Notes
Product Specialist-Accounting,AI - Xero
https://builtinlondon.uk/job/product-specialist-accounting-ai/6683466
Rillet raises $70M to replace 20th-century accounting software with AI-native ERP built by accountants
AI accounting startup Rillet raises $70 million in Andreessen Horowitz, ICONIQ-led round
Ramp Raises $500 Million at $22.5 Billion Valuation to Accelerate AI and Build the Future of Finance
Ramp hits $22.5B valuation just 45 days after reaching $16Bhttps://techcrunch.com/2025/07/30/ramp-hits-22-5b-valuation-just-45-days-after-reaching-16b/
IRS, White House clashed over immigrants' data before Billy Long was oustedhttps://www.washingtonpost.com/business/2025/08/09/trump-administration-irs-data-dispute/
Trump replaces IRS Commissioner Billy Long with Scott Bessenthttps://www.washingtonpost.com/business/2025/08/08/billy-long-irs-commissioner-bessent/
Trump ousts Billy Long as IRS commissioner, names Bessent acting headhttps://www.cnn.com/2025/08/08/politics/billy-long-ousted-irs-commissioner
IRS Chief Forced Out After Immigrant Tax Data Pushback—Reporthttps://www.newsweek.com/irs-chief-forced-immigrant-tax-data-pushback-report-2111292
Billy Long's IRS ouster follows clashes with Treasury, sparks concernhttps://thehill.com/homenews/administration/5449180-treasury-clashes-irs-commissioner/
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Wed, 20 Aug 2025 - 553 - GPT-5 Launch & Charting Fail, Crazy $$$ Going Into AI Accounting Tech
Blake and David discuss how both AICPA and NASBA have officially endorsed a 120-hour CPA licensure pathway in the ninth edition of the Uniform Accountancy Act, validating Blake's long-standing advocacy against the 150-hour requirement. They also examine Baker Tilly's policy, which requires CPAs to remove their designations from email signatures and LinkedIn profiles due to alternative practice structures. They move on to the launch of GPT-5, praising its improved integration but noting concerning chart errors in OpenAI's presentation and ongoing hallucination issues. Rounding things out, they also discuss Trump's firing of newly-appointed IRS Commissioner Billy Long after just weeks in office, comparing it to his dismissal of the Bureau of Labor Statistics head over unfavorable job revision data.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Keeper - http://accountingpodcast.promo/keeper
Missive - http://accountingpodcast.promo/missive
TeamUp - http://accountingpodcast.promo/teamup
Chapters
(00:41) - AICPA and NASBA owe Blake an apology (02:35) - AI and GPT-5 Launch (04:17) - CPA License Controversy (13:04) - IRS and BLS Firings (24:54) - Tariffs and Economic Impact (37:13) - Impressive Results with GPT-5 (41:13) - Private Equity and Accounting Firms (45:16) - AI Errors in High-Stakes Presentations (56:41) - SEC's New Stable Coin Regulations (59:56) - China's Response to US Stable Coin Regulations (01:01:16) - KPMG and the Silicon Valley Bank Collapse (01:03:20) - Macy's Executive Bonuses Clawed Back (01:05:33) - Luckin Coffee's Auditor Penalized (01:08:34) - Mike Lynch's Estate Hit with $1 Billion Judgment (01:09:51) - Match Group's Stock Surge and Economic Optimism (01:12:58) - Final Thoughts and Continuing EducationShow Notes
NASBA, AICPA give blessing to 120-hour CPA pathway
https://www.cfo.com/news/governing-bodies-of-accounting-give-blessing-to-120-hour-cpa-requirement/754033/
AICPA and NASBA Approve Model Legislation for New CPA Licensure Path
NASBA and AICPA Publish Ninth Edition of the Uniform Accountancy Act (UAA)
Alaska Becomes the Latest State to Offer an Alternate CPA Pathway, With No Help From the Governor
CPA requirements by statehttps://www.cfo.com/news/cpa-requirements-by-state-cfo-accounting-updates-changes-150-hour/740328/
Baker Tilly Secures Private Equity Investment in Largest CPA Transaction to Date
Trump ousts Billy Long as IRS commissioner, names Bessent acting headhttps://www.cnn.com/2025/08/08/politics/billy-long-ousted-irs-commissioner
IRS Commissioner Billy Long replaced after less than two monthshttps://www.npr.org/2025/08/08/nx-s1-5496549/irs-billy-long-trump
Trump removes Billy Long as IRS commissioner, giving him the shortest-ever tenure in the role
OpenAI botches the charts in GPT-5 introductionhttps://flowingdata.com/2025/08/07/openai-botches-the-charts-in-gpt-5-introduction/
GPT-5 Launch Demo Plagued With Catastrophically Dumb Errorshttps://futurism.com/gpt-5-demo-dumb-errors
Sam Altman addresses 'bumpy' GPT-5 rollout, bringing 4o back, and the 'chart crime'
Introducing GPT-5https://openai.com/index/introducing-gpt-5/
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube...Wed, 13 Aug 2025 - 552 - Who's Most Likely to Quit Your Firm? & Higher Wages, Fewer Jobs
What happens when the traditional path from college to accounting career gets disrupted by AI and automation? This week, Blake and David explore who's most likely to quit accounting firms (hint: it's the middle managers), why wages are rising while jobs disappear, and how one college is revolutionizing accounting education. You'll discover which employees are happiest and most miserable in accounting, learn why ChatGPT conversations could be used against you in court, and hear from Nicole Wetter about Green River College's innovative applied accounting program that puts students in real internships while teaching them AI tools alongside traditional skills.
Sponsors
Keeper - http://accountingpodcast.promo/keeper
TeamUp - http://accountingpodcast.promo/teamup
Human at Scale - http://accountingpodcast.promo/human
Missive - http://accountingpodcast.promo/missive
Chapters
(00:48) - AI in Accounting: Opportunities and Limitations (02:11) - Impact of AI on Accounting Jobs (04:07) - Interview with Nicole Wetter: Applied Science in Accounting (04:57) - ChatGPT and Legal Concerns (05:29) - Accounting Industry Updates and Opinions (06:55) - Employee Satisfaction in Accounting Firms (12:12) - Mergers and Acquisitions in Accounting (13:38) - Sponsor Messages and Livestream Welcome (17:40) - Conflicting Survey Data on Tech Adoption (25:16) - ChatGPT Study Mode: A New Way to Learn (31:13) - Second Sponsor Message: Team Up (32:10) - Free Resources for Listeners (32:29) - Billy Long's IRS Leadership (36:02) - Jeffrey Epstein's Tax Planning Scandal (38:03) - Rant on Tariffs and Economic Policies (47:04) - Interview with Nicole Wetter on Applied Accounting Education (01:10:04) - Final Thoughts and Upcoming EventsShow Notes
Who's most likely to leave your accounting firm?
https://www.accountingtoday.com/news/whos-most-likely-to-leave-your-accounting-firm
Sam Altman warns there's no legal confidentiality when using ChatGPT as a therapist
OpenAI to appeal New York Times copyright case over user data preservation
How we're responding to The New York Times' data demands in order to protect user privacyhttps://openai.com/index/response-to-nyt-data-demands/
'I don't care about Direct File': IRS chief says agency plans to end free filing programhttps://www.cnbc.com/2025/07/30/irs-chief-says-agency-plans-to-end-free-direct-file-program.html
IRS Chief Says Direct File Is 'Gone,' Other Audit Tech Is Coming
New commissioner confident IRS can implement OBBBA's tax provisions
Continuing Epstein Investigation, Wyden Probes IRS's Failure to Investigate Sex Trafficker's Highly Lucrative Tax Planning Work
Wyden probes IRS failure to investigate Jeffrey Epstein's tax planning
As Trump Sits on Key Epstein Files, Wyden Lays Out "Follow the Money" Investigation for DOJ
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Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://clouda...Tue, 05 Aug 2025 - 551 - Colbert's Losing P&L, Impending AI Fraud Crisis, House Holds FASB Hostage
What happens when politicians threaten to cut funding from accounting standard-setters unless they eliminate specific rules? Blake and David explore unprecedented political interference in FASB and PCAOB operations, plus the IRS facing a 23% budget cut despite Trump's push for more customer service staff. They unpack Sam Altman's warning about AI breaking voice authentication at major banks, why accounting degrees deliver 261% ROI (fourth-best among all majors), and how $28.7 billion in private equity money is reshaping CPA firms. Plus, the economic reality behind Stephen Colbert's show cancellation, Bitcoin's institutional takeover, and how tariff uncertainty is creating impossible planning conditions for businesses.
Sponsors
Human at Scale - http://accountingpodcast.promo/human
Keeper - http://accountingpodcast.promo/keeper
Missive - http://accountingpodcast.promo/missive
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(00:41) - The Decline of Late Night TV (03:02) - The Shift to Digital Media (12:35) - AI in Accounting Firms (15:30) - PCOB Leadership Changes (18:50) - Legislation to Eliminate PCOB (19:50) - FASB Funding Threats (23:38) - IRS Budget Cuts (30:40) - Deloitte's Audit Investigation (31:39) - Uncovering Glencore Energy's Bribery Scandal (33:03) - The ROI of an Accounting Degree (36:45) - Private Equity's Surge in Accounting Firms (53:30) - The Immigration Debate and Economic Consequences (59:41) - Alternative Pathways in Accounting: Alaska's New Law (01:00:32) - Conclusion Final ThoughtsShow Notes
CBS is ending 'The Late Show with Stephen Colbert' next year | CNN Business
https://www.cnn.com/2025/07/17/media/cbs-cancels-stephen-colbertStephen Colbert's 'Late Show' run will come to an end next year as CBS cancels franchise
https://www.nbcnews.com/pop-culture/tv/stephen-colbert-late-show-end-cbs-rcna219499Inside CBS' 'agonizing decision' to cancel Colbert's top-rated late-night show | CNN Business https://www.cnn.com/2025/07/18/media/colbert-cbs-late-show-cancel-paramount-trump
SEC.gov | SEC Announces George Botic to Serve as Acting Chair of the Public Company Accounting Oversight Board
https://www.sec.gov/newsroom/press-releases/2025-100-sec-announces-george-botic-serve-acting-chair-public-company-accounting-oversight-boardGeorge Botic Takes Over as Acting Chief of the PCAOB - CPA Practice Advisor
https://www.cpapracticeadvisor.com/2025/07/22/george-botic-takes-over-as-acting-chief-of-the-pcaob/165364/SEC names George Botic as acting chair of PCAOB | Accounting Today
https://www.accountingtoday.com/news/sec-names-george-botic-as-acting-chair-of-pcaob
House Republicans propose to withhold funds from FASB unless income tax reporting standard is withdrawn | Accounting Today
https://www.accountingtoday.com/news/house-republicans-propose-to-withhold-funds-from-fasb
GOP Threatens Accounting Board Funding Over Tax Disclosure Rules
https://news.bloombergtax.com/financial-accounting/gop-threatens-accounting-board-funding-over-tax-disclosure-rules
Americans Want to Know Which Corporations Aren't Paying Taxes, but House Republicans Want to Keep this Information Secret
https://itep.org/corporate-tax-avoidance-house-republicans-spending-bill/
Trump wants to reverse the staffing cuts he's overseen for IRS customer service. House Republicans disagree. - Government Executive
https://www.govexec.com/workforce/2025/07/trump-wants-reverse-staffing-cuts-hes-overseen-irs-customer-service-house-republicans-disagree/407002/
Trump slashes 25% of IRS workforce with buyouts, firings of nearly 26,000 agency staff https://www.washingtontimes.com/news/2025/jul/22/trump-slashed-25-irs-workforce/Need CPE?
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overc...Thu, 31 Jul 2025 - 550 - The $2T Stablecoin Opportunity for CPAs & Agentic AI in the Browser
What happens when a $2 trillion cryptocurrency market suddenly requires monthly audits? Blake and David break down the Genius Act, the new federal stablecoin legislation that just created a massive opportunity for auditors—but also potentially recreated the chaotic "wildcat banking" era of the 1800s. You'll learn why every stablecoin issuer now needs monthly attestation reports and annual audits, creating hundreds of new recurring revenue streams for accounting firms willing to take on the risk. Plus, they explore whether there are enough auditors to actually make this system work, and what happens if quantum computing breaks cryptocurrency security. The episode also covers PCAOB leadership changes under the new administration, live-tests AI agents trying to enter invoices (spoiler: it's messier than the hype suggests), and updates on the 23 states now offering alternative CPA pathways.
Sponsors
Missive - http://accountingpodcast.promo/missive
Relay - http://accountingpodcast.promo/relay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
(01:17) - AI in Accounting: Browser Integration (02:35) - Major News: The Genius Act and Its Implications (03:38) - Sponsor Shoutouts and Livestream Interaction (05:06) - Audit News: Erica Williams and PCAOB Changes (08:27) - Federal Audit Failures and OMB's Strategic Reset (09:48) - AICPA's New Fraud Detection Standards (12:52) - Sponsor Highlight: Missive (15:38) - Fraud Case Study: Christine Hunsicker's $300M Scam (20:08) - Deep Dive: The Genius Act and Stablecoins (41:21) - The Risk of Stablecoins and Financial Contagion (42:07) - Quantum Computing Threat to Bitcoin (42:38) - The Challenge of Upgrading Cryptocurrency Systems (43:22) - Summary and Predictions for Accounting Firms (43:38) - Fraud in the Traditional Banking System (44:08) - Relay: The Small Business Banking Solution (45:43) - Pig Butchering: A Growing Fraud Problem (48:05) - The Case for a Federal Stablecoin (50:26) - Alternative Pathways for CPA Licensure (52:02) - Decline in CPA Licenses and Modernizing Education (54:59) - Cloud Accountant Staffing: Solving the Labor Shortage (56:01) - Agentic AI: The Future of Automation (59:13) - Challenges and Potential of AI in Accounting (01:02:31) - The Role of AI in Data Entry and Research (01:17:53) - Conclusion and Final ThoughtsShow Notes
Trump signs landmark GENIUS Act, hailing "exciting new frontier" for crypto - CBS News
https://www.cbsnews.com/news/trump-signs-genius-act-crypto-bill/Fact Sheet: President Donald J. Trump Signs GENIUS Act into Law – The White House
https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-signs-genius-act-into-law/
Stablecoin regulation bill heads to Trump's desk
https://www.axios.com/2025/07/17/house-passes-genius-act-stablecoins-trump
A 'Crypto Week' win: Congress passes 1st major crypto legislation in the U.S.
https://www.npr.org/2025/07/17/nx-s1-5451413/crypto-week-stablecoin-genius-act-trump
GENIUS Act Passes in US Congress: A Breakdown of the Landmark Stablecoin Law – Publications https://www.morganlewis.com/pubs/2025/07/genius-act-passes-in-us-congress-a-breakdown-of-the-landmark-stablecoin-law
Erica Williams Resigns as PCAOB Chair - CPA Practice Advisor
https://www.cpapracticeadvisor.com/2025/07/15/erica-williams-resigns-as-pcaob-chair/164956/
PCAOB chair Erica Williams steps down | Accounting Today
https://www.accountingtoday.com/news/pcaob-chair-erica-williams-steps-down
SEC.gov | Statement Regarding Tenure of Erica Williams at the PCAOB
https://www.sec.gov/newsroom/speeches-statements/atkins-statement-erica-williams-pcaob-071505
Southern District of New York | CaaStle Founder Charged In $300 Million Fraud Scheme | United States Department of Justice https://www.justice.gov/usao-sdny/pr/caastle-founder-charged-300-million-fraud-scheme
The surprising details of fashion entrepreneur Christine Hunsicker's fraud indictment- Fast Company https://www.fastcompany.com/91371881/the-surprising-details-of-fashion-entrepreneur-christine-hunsickers-fraud-indictment
Fashion startup founder Christine Hunsicker accused of cheating investors out of over $300 million - CBS News https://www.cbsnews.com/news/christine-hunsicker-charged-fraud-300-million-fashion-startup-founder/
States move beyond the 150-hour rule for CPA licensure | Accounting Today
https://www.accountingtoday.com/list/states-move-beyond-the-150-hour-rule-for-cpa-licensure
Tracking CPA licensure paths: Removing the 150-hour-rule hurdle | CFO Dive
https://www.cfodive.com/news/broadening-cpa-licensure-paths-marching-beyond-150-hour-rule-accounting-talent-shortage/745282/
The rise and fall of the 150-hour rule
https://www.cfobrew.com/stories/2025/04/10/the-rise-and-fall-of-the-150-hour-rule
AICPA, NASBA approve alternatives to the 150-hour rule
https://www.cfobrew.com/stories/2025/05/15/aicpa-nasba-approve-alternatives-to-the-150-hour-rule
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and
Wed, 23 Jul 2025 - 549 - The Losers of AI & What CPAs Need to Know About OBBBA
Why is AI failing at basic accounting tasks while claiming to outsmart PhD students? Blake and David dive into the stark reality of AI implementation in accounting, from Ramp's promising new expense management agents to QuickBooks' baffling suggestion to credit and debit the same account. You'll discover the critical security vulnerabilities in AI systems and learn why clients are increasingly using AI to fact-check their accountants' advice. Plus, get a comprehensive breakdown of the top 10 tax planning opportunities in the One Big, Beautiful Bill Act—from permanent 100% bonus depreciation to Trump accounts for children. The hosts also explore which companies will be AI's biggest losers and why the future of accounting lies in financial management, not advisory services.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Keeper - http://accountingpodcast.promo/keeper
Chapters
(00:30) - The Big Beautiful Bill: Tax Provisions Overview (01:53) - AI in Accounting: RAMP's New AI Agents (02:56) - QuickBooks AI Agents: Frustrations and Feedback (06:05) - RAMP's AI Agents: Features and Benefits (14:38) - AI's Impact on Employment: Winners and Losers (20:54) - Grok 4: The Future of AI in Accounting (36:53) - Juno and Tax Prep Automation (37:52) - The Rise of AI in Cyber Attacks (38:26) - Social Engineering and AI (39:18) - Hidden AI Prompts in Academic Papers (41:25) - AI Security Risks and Internal Controls (45:45) - The Accountant's Labor Shortage (46:59) - Tax Planning Opportunities in the New Bill (56:29) - The Impact of the New Tax Bill (01:00:45) - Final Thoughts and Wrap-UpShow Notes
Ramp agents: Let finance teams do finance
https://ramp.com/blog/ramp-agents-announcement
Microsoft shares $500M in AI savings internally days after cutting 9,000 jobs
https://techcrunch.com/2025/07/09/microsoft-shares-500m-in-ai-savings-internally-days-after-cutting-9000-jobs/Indeed, Glassdoor to lay off 1300 staff amid AI push
https://techcrunch.com/2025/07/11/indeed-glassdoor-to-lay-off-1300-staff/Workday Stock Takes A Hit After Piper Sandler Survey Flags AI-Driven Headwinds, But Retail's Optimistic
https://stocktwits.com/news-articles/markets/equity/workday-stock-takes-a-hit-after-piper-sandler-survey-flags-ai-driven-headwinds/ch8GfqaR5kYElon Musk's xAI launches Grok 4 alongside a $300 monthly subscription
https://techcrunch.com/2025/07/09/elon-musks-xai-launches-grok-4-alongside-a-300-monthly-subscription/Hidden AI prompts in academic papers spark concern about research integrity
https://www.japantimes.co.jp/news/2025/07/04/japan/ai-research-prompt-injection/Tax provisions in the One Big Beautiful Bill Act
https://www.journalofaccountancy.com/news/2025/jun/tax-changes-in-senate-budget-reconciliation-bill/Need CPE?
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Thu, 17 Jul 2025 - 548 - When AI Decides Who Gets Promoted & Who's Going to Tax Prom?
What happens when AI decides who gets promoted and who gets fired? Blake and David dive into the shocking reality that 60% of managers now use AI for HR decisions, with over 20% letting algorithms make final calls without human oversight. They explore a Stanford study revealing that tax preparers are the #1 profession seeking automation, but only for basic calendar scheduling. Plus, discover why young Americans now rank health over wealth as their top measure of success, and how this generational shift is reshaping talent recruitment in accounting.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Keeper - http://accountingpodcast.promo/keeper
Chapters
(01:27) - Tax Prom: The Must-Attend Event (04:15) - AI in HR: Promotions and Firings (08:48) - AI in the Workplace: Automation and Worker Preferences (13:32) - AI Adoption and Security Concerns (18:21) - AI Training and Education in Firms (24:01) - Armanino's New AI-Powered Data Warehouse (33:07) - The Annoying Know-It-All Employee (33:18) - The Perfect AI Assistant (34:32) - Young People's Values on Success (37:39) - Global Perspectives on Success (40:07) - The Talent Shortage in Accounting (41:54) - Unlimited PTO and Burnout (45:37) - Tariffs Update (49:26) - The Big Beautiful Bill (01:02:36) - IRS Staffing Cuts and Refund Delays (01:07:10) - Conclusion and CPE InformationShow Notes
Half of Managers Use AI To Determine Who Gets Promoted and Firedhttps://www.resumebuilder.com/half-of-managers-use-ai-to-determine-who-gets-promoted-and-fired/
Future of Work with AI Agents
https://futureofwork.saltlab.stanford.edu/Future of Work with AI Agents: Auditing Automation and Augmentation Potential across the U.S. Workforce
https://arxiv.org/abs/2506.06576
What workers really want from artificial intelligence
https://hai.stanford.edu/news/what-workers-really-want-from-artificial-intelligence
Big 4 Firm Discovers That Bragging About AI Efficiencies Leads Clients to Expect a Discount
https://www.goingconcern.com/big-4-firm-discovers-that-bragging-about-ai-efficiencies-leads-clients-to-expect-a-discount/
Monday Morning Accounting News Brief: PwC Clients Ask For an AI Discount; Big 4 Firms Losing Hundreds of Partners
https://www.goingconcern.com/monday-morning-accounting-news-brief-pwc-clients-ask-for-an-ai-discount-big-4-firms-losing-hundreds-of-partners-6-30-25/
Armanino planning data warehouse service, used AI for development
https://www.accountingtoday.com/news/armanino-planning-data-warehouse-service-used-ai-to-help-development
Bolt’s millennial founder has just ‘killed’ its unlimited PTO perk because it was actually causing burnout
https://fortune.com/2025/07/02/bolt-millennial-founder-ceo-ryan-breslow-killed-unlimited-pto-burnout-mandatory-four-weeks-paid-vacation-fintech-startup/
Agentic Misalignment: AI Agents in Corporate Environments
https://www.anthropic.com/research/agentic-misalignment
Relationships, health and financial stability are the defining priorities for Gen Z, according to new EY survey
https://www.ey.com/en_gl/newsroom/2025/05/relationships-health-and-financial-stability-are-the-defining-priorities-for-gen-z-according-to-new-ey-survey
2025 Technology Perceptions Survey
https://www.intapp.com/2025-tech-perceptions-survey/
Trust, attitudes and use of artificial intelligence
https://kpmg.com/us/en/articles/2025/trust-attitudes-and-use-of-artificial-intelligence.html
Tax Foundation Tax Prom 2025
https://taxprom.com
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Thu, 10 Jul 2025 - 547 - Xero Buys Melio, QuickBooks AI Agents Are Here, More Big Four Cheating
What happens when AI agents promise to transform accounting but create more cognitive burden than productivity gains? Blake and David explore the reality behind the AI agent hype as QuickBooks, Digits, and Big Four firms launch their "digital teammates." They also dig into Xero's massive $2.5 billion acquisition of Melio and what it means for the payments landscape. You'll learn why managing AI agents might be like managing offshore contractors—you wake up to work that's 80% done but everyone has questions. Plus, they discuss how external investors are reshaping the profession, why traditional CPA protections might go the way of car dealership laws, and the ongoing problems with audit quality enforcement despite millions in PCAOB fines.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Human at Scale - http://accountingpodcast.promo/human
Chapters
(00:00) - Introduction and Welcome (00:42) - David's Return and Big News (01:01) - The Acquisition of Emilio by Xero (01:33) - Implications of the Acquisition (04:52) - David's Journey with Bill Pay Solutions (06:42) - Emilio's Unique Features and Market Impact (09:46) - Xero's New Features and Updates (18:57) - QuickBooks AI Agents: A Game Changer? (29:22) - Digits AI Agents and Their Potential (33:42) - Big Firms Investing in AI (36:31) - Managing AI Agents: The New Workforce (37:52) - Cognitive Load and Productivity Limits (39:28) - Infinite Workdays and AI's Role (41:31) - AI in Accounting: Potential and Pitfalls (43:13) - AI Spending Trends and Future Outlook (44:01) - Building AI Workflows and Multi-Agent Systems (46:06) - Big Four and AI Integration (47:37) - AI-Powered Pricing and Payment Solutions (53:32) - VC-Backed AI Rollups in Accounting (57:13) - Regulatory Challenges and Industry Changes (01:04:36) - Audit Quality and PCAOB Fines (01:14:17) - Conclusion and CPE InformationShow Notes
Xero to acquire Melio, a leading US SMB bill pay solution, to accelerate global growth
https://www.prnewswire.com/news-releases/xero-to-acquire-melio-a-leading-us-smb-bill-pay-solution-to-accelerate-global-growth-302490268.html
New Zealand's Xero to buy US fintech Melio for up to $3 billion | Reuters
https://www.reuters.com/legal/transactional/australia-listed-xero-acquire-fintech-melio-over-25-billion-deal-2025-06-24/
Intuit Introduces Ground-Breaking Virtual Team of AI Agents to Fuel Growth for Businesses
https://investors.intuit.com/news-events/press-releases/detail/1258/intuit-introduces-ground-breaking-virtual-team-of-ai-agents-to-fuel-growth-for-businessesIntuit debuts AI agents for QuickBooks | Accounting Today
https://www.accountingtoday.com/news/intuit-debuts-ai-agents-for-quickbooks
How AI is improving accounting efficiency – without replacing jobs | Stanford Report
https://news.stanford.edu/stories/2025/06/ai-accounting-bookkeeping-benefits-jobsAI Is Reshaping Accounting Jobs by Doing the "Boring" Stuff | Stanford Graduate School of Business
https://www.gsb.stanford.edu/insights/ai-reshaping-accounting-jobs-doing-boring-stuffPCAOB fines Deloitte, PwC, EY Netherlands member firms for exam misconduct | Accounting Today
https://www.accountingtoday.com/news/pcaob-fines-deloitte-pwc-ey-netherlands-member-firms-for-exam-misconductPCAOB Imposes Fines Totaling $8.5 Million on Netherlands Member Firms of Deloitte, PwC, and EY After Widespread Exam Misconduct
https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-imposes-fines-totaling--8.5-million-on-netherlands-member-firms-of-deloitte--pwc--and-ey-after-widespread-exam-misconductHow an Accounting Change Hit Store Prices - UCLA Anderson Review
https://anderson-review.ucla.edu/how-an-accounting-change-hit-store-prices
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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What happens when 19 states simultaneously abandon the 150-hour CPA requirement while tariffs create unprecedented uncertainty for CFOs? Blake and CFO.com reporter Adam Zaki explore the rapid transformation of CPA licensure—from New York's recent changes to the coordinated state-by-state rollout that followed Barry Melancon's AICPA retirement. You'll discover how political and economic volatility is driving demand for accounting services, why the PCAOB may disappear in the Senate's tax bill, and how AI is reshaping audit teams while raising questions about the future value of CPAs. Plus, insights on navigating everything from reciprocal tariffs to the SEC's new chief accountant.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Human at Scale - http://accountingpodcast.promo/human
Chapters
(01:38) - Tariffs and Their Impact on CFOs (03:19) - Supreme Court and Tariff Legalities (05:47) - Economic Impact of Tariffs and Inflation (08:09) - Geopolitical Conflicts and Economic Uncertainty (11:17) - Federal Reserve and Economic Policies (18:51) - CPA Pipeline and 150 Hour Rule Changes (32:07) - Chief Accountant at the SEC (39:10) - Smart Moves by Congress: Nonprofit Pay Scales (39:43) - The Impact of Budget Cuts on PCAOB (40:33) - Challenges in Government Oversight (41:01) - Senate's Big Bill: Key Changes and Controversies (44:26) - Tax Implications and Political Dynamics (50:43) - Business Deductions and Higher Education (53:41) - AI in Accounting: Transforming the Big Four (55:38) - The Future of Accounting Education (01:00:11) - AI's Role in Auditing and the Future Workforce (01:03:20) - The Impact of Automation on Jobs and Society (01:12:31) - Concluding Thoughts and Future OutlookShow Notes
Supreme Court Challenge to Trump Tariffs by Toy Companies
https://www.reuters.com/legal/supreme-court-trump-tariffs-toy-companies-challenge
Consumer Price Index Impact of Current Tariffs
https://www.bls.gov/news.release/cpi.nr0.htm
New York State CPA Licensure Reform Legislation
https://www.nysscpa.org/news/publications/the-trusted-professional/article/new-york-cpa-licensure-reform-passes-legislature
Pennsylvania CPA Pathway Bill Senate Approval
https://www.picpa.org/articles/advocacy/cpa-pathway-legislation-senate-approval
Maine CPA Exam Requirements Change
https://www.maine.gov/pfr/professionallicensing/professions/accountants/cpa-exam-requirements
CFO.com State-by-State CPA Licensure Tracker
https://www.cfo.com/news/cpa-licensure-changes-state-tracker-2025
Kurt Hoel Appointed SEC Chief Accountant
https://www.sec.gov/news/press-release/2025-89
AICPA Barry Melancon Retirement Impact Analysis
https://www.journalofaccountancy.com/news/2025/01/melancon-retirement-cpa-pipeline-changes
Senate Modifications to Big Beautiful Bill
https://www.congress.gov/bill/119th-congress/house-bill/1/actions
Avalara 2025 Accountants Confidence Report
https://www.avalara.com/us/en/resources/reports/2025-accountants-confidence-report
PCAOB Elimination Implications Analysis
https://www.pcaobus.org/oversight/inspections/implications-elimination-analysis
KPMG Clara AI Audit Platform Interview
https://www.cfo.com/news/kpmg-thomas-mackenzie-clara-ai-audit-interview
PwC USA Tax Leader Agentic AI Implementation
https://www.cfo.com/news/pwc-tax-agentic-ai-implementation-2025
Bill.com Small Business Paperless Survey 2030
https://www.bill.com/resources/small-business-paperless-2030-survey
Universal Technical Institute CFO Interview
https://www.cfo.com/news/uti-cfo-future-higher-education-interview
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Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comLearn more about Adam Zaki:
Website: https://www.cfo.com/editors/azaki/
LinkedIn: https://www.linkedin.com/in/adamzakinycGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://clo...Wed, 25 Jun 2025 - 545 - AICPA Doesn't Care If PCAOB Goes Away
What happens when venture capitalists spend billions on AI but need customers to buy it? In this episode, Blake and David explore how investment firms are now purchasing accounting firms to force-feed AI adoption, comparing it to Pepsi buying restaurants to sell more soda. They also dig into the massive gap between AI promises and reality, questioning bold claims that 80% of tax prep is now automated while basic bookkeeping tools still make obvious errors. You'll learn about the AICPA's surprising neutrality on eliminating the PCAOB, Billy Long's confirmation as IRS commissioner despite his controversial past, and why accountant optimism has plummeted 58 points in just four months. Plus, discover how Miley Cyrus hid drug purchases from her accountant and why audit reports get downloaded only 30 times despite millions of investors.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Relay - http://accountingpodcast.promo/relay
Keeper - http://accountingpodcast.promo/keeper
Payhawk - http://accountingpodcast.promo/payhawk
Chapters
(00:57) - Updates from AICPA Engage (01:45) - AI in Accounting: Hype vs Reality (03:38) - The Future of the PCAOB (13:52) - The Role of Technology in Accounting (29:15) - Miley Cyrus' Financial Deception (29:56) - Miley Cyrus' Vintage Clothing Purchases (30:32) - Accountant's Responsibility in Client Purchases (32:11) - Billy Long Confirmed as IRS Commissioner (33:03) - Controversial Tribal Tax Credits (36:51) - Elon Musk's Opposition to the Big Beautiful Bill (46:06) - Accounting Firms' Optimism and AI Adoption (49:29) - Conclusion and Sponsor MessagesShow Notes
CPAacademy 2025 AI and Accounting Report
https://www.cpaacademy.org/resources/ai-accounting-report-2025
How to Reimagine Audit Quality Beyond the PCAOB
https://www.cpajournal.com/2025/01/15/reimagining-audit-quality-beyond-pcaob/Inflow Survey: 70% of US Businesses Open to Switching Audit Firms
https://www.inflowaudit.com/resources/audit-firm-switching-survey-2025Gian Porzio LinkedIn Post on Tribal Tax Credit Investigation
https://www.linkedin.com/posts/gianporzio_tribal-tax-credits-investigation-billy-longEconomist-YouGov Poll on Big Beautiful Bill Public Opinion
https://www.economist.com/graphic-detail/2025/06/13/americans-support-musk-criticism-trump-tax-billCBO Analysis of Big Beautiful Bill Wealth Transfer Effects
https://www.cbo.gov/publication/61234Avalara 2025 Accountants Confidence Report
https://www.avalara.com/us/en/resources/reports/2025-accountants-confidence-report.htmlCenter for Audit Quality Audit Partner Pulse Survey
https://www.thecaq.org/audit-partner-pulse-survey-2025European Business Travel to US Drops 25% in April
https://www.businesstravelnews.com/Management/European-Business-Travel-US-Drops-Tariff-ConcernsXero 2025 State of the Industry Report
https://www.xero.com/us/resources/small-business-insights/state-of-industry-report-2025/Indiana CPA Society Survey on Firm Headcount Predictions
https://www.incpas.org/resources/surveys/firm-headcount-predictions-2025BDO $1 Billion AI Strategy Investment Announcement
https://www.bdo.com/insights/business-financial-advisory/technology/bdo-ai-strategy-investmentRSM $1 Billion AI Investment Plan
https://rsmus.com/insights/rsm-ai-investment-strategy-2025Create Professional Alliance CPA $500 Million Investment Plan
https://www.createprofessionalalliance.com/investment-strategyThrive Capital $1 Billion OpenAI Investment Details
https://www.techcrunch.com/2024/08/15/thrive-capital-openai-investment-billionGeneral Catalyst Accrual AI Startup and Accounting Firm Acquisitions
https://www.generalcatalyst.com/portfolio/accrual-ai-accounting-vertical-integration
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cl...Wed, 18 Jun 2025 - 544 - The Death of the Financial Close: Aaron Harris on AI's Accounting Revolution
Live from the Sage Future conference in Atlanta, Aaron Harris, CTO of Sage, joins Blake and David to explain why he wants to completely eliminate the financial close rather than just make it faster. Harris breaks down the three waves of AI transformation in accounting—from task-based automation to generative AI to fully autonomous agents—and reveals how Sage is building custom language models trained specifically on accounting principles with the AICPA. He also discusses the psychology of trust between CFOs and AI systems, introduces Sage's new AI transparency labels, and explains why his company is taking a more cautious approach than competitors like Intuit when deploying autonomous agents.
Meet Our Guest, Aaron Harris, CTO, Sage
LinkedIn: https://www.linkedin.com/in/aaron-harris-7407b2/
Website: https://www.sageintacct.com/leadership/aaron-harris
X: https://x.com/AaronRHarrisLearn more about Sage
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Fri, 13 Jun 2025 - 543 - Real Life Ways Accountants Use AI, How Sage Will Eliminate the Close
Blake and David return from Sage Future 2025 with insights into how AI is reshaping accounting—from eliminating the financial close to real-world use cases. They also cover Elon Musk and Donald Trump’s public breakup, the latest in Deel’s corporate spying allegations, Deloitte’s unapologetically intense work-life balance ad, and a billion-dollar “AI” startup that turned out to be powered by humans.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Keeper - http://accountingpodcast.promo/keeper
TeamUp - http://accountingpodcast.promo/teamup
Payhawk - http://accountingpodcast.promo/payhawk
Chapters
(00:00) - Welcome to The Accounting Podcast (01:02) - AI in Accounting: Real-World Examples (05:08) - Sage Intacct Roadmap and AI Innovations (12:02) - AI's Impact on Accounting Jobs (18:33) - AI in Auditing: Tools and Trends (26:54) - Internal Audit and AI Adoption (32:36) - Elon Musk and Donald Trump Fallout (35:43) - Impact of Tariffs and Political Alliances (37:03) - Rippling vs. Deel: Allegations and Legal Battles (40:45) - Deloitte's Work-Life Balance Ad Controversy (43:10) - Accounting Profession's Retention and Salary Issues (46:43) - CPA Title Removal Debate (49:23) - 150-Hour Rule and Master's Degree Debate (52:56) - Trump-Musk Fallout and Its Implications (01:01:07) - Alliant Group and IRS Commissioner Controversy (01:05:14) - AI Startup Fraud Exposed (01:07:08) - Conclusion and AnnouncementsShow Notes
Real-life ways accountants are using AI
https://www.journalofaccountancy.com/issues/2025/jun/real-life-ways-accountants-are-using-ai/Fieldguide Introduces Industry-Leading Agentic AI for Financial Audit to Improve Quality and Efficiency
https://www.globenewswire.com/news-release/2025/06/04/3093606/0/en/Fieldguide-Introduces-Industry-Leading-Agentic-AI-for-Financial-Audit-to-Improve-Quality-and-Efficiency.htmlFieldguide launches AI agent to automate audit testing
https://www.accountingtoday.com/news/fieldguide-launches-ai-agent-to-automate-audit-testingHow KPMG is using AI to revamp their audit practice
https://www.cfo.com/news/how-kpmg-thomas-mackenzie-is-using-clara-ai-to-revamp-their-audit-practice-/748316/KPMG Advances AI Integration in KPMG Clara Smart Audit Platform
https://kpmg.com/us/en/media/news/kpmg-clara-smart-audit-platform.htmlEx-PwC Partner Says AI Is Coming For Big 4 Jobs in a Big Way
https://www.goingconcern.com/ex-pwc-partner-says-ai-is-coming-for-big-4-jobs-in-a-big-way/PwC's 2025 Global AI Jobs Barometer
https://www.pwc.com/gx/en/news-room/press-releases/2025/ai-linked-to-a-fourfold-increase-in-productivity-growth.htmlFrom bros to foes: how the unlikely Trump-Musk relationship imploded
https://www.reuters.com/world/us/bros-foes-how-unlikely-trump-musk-relationship-imploded-2025-06-06/Deloitte's Latest Ad Promises Clients Their People Have No Life Whatsoever and Are Always Eager to Serve https://www.goingconcern.com/deloittes-latest-ad-promises-clients-their-people-have-no-life-whatsoever-and-are-always-eager-to-serve/
Microsoft backed this $1.5 billion AI startup that was just discovered to be 700 engineers pretending to be AI https://www.windowscentral.com/microsoft/builder-ai-collapse-microsoft-backed-fake-ai-services
Builder.ai faked AI with 700 engineers, now faces bankruptcy and probe
https://www.business-standard.com/companies/news/builderai-faked-ai-700-indian-engineers-files-bankruptcy-microsoft-125060401006_1.htmlNeed CPE?
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Thu, 12 Jun 2025 - 542 - The $400 Million Question: Should Congress Eliminate the PCAOB?(From the Earmark Podcast)
Earmark Media Presents a bonus episode of Earmark Podcast:
What happens when Congress votes to eliminate the watchdog that's overseen public company audits for two decades? In this episode, Blake Oliver sits down with three leading accounting academics—Maureen McNichols from Stanford, Nemit Shroff from MIT, and Daniel Aobdia from Penn State—to examine the research behind the PCAOB's effectiveness and what elimination could mean for audit quality. You'll discover why companies with clean audit inspections can raise capital more easily, how the infamous "40% deficiency rate" actually works, and why these researchers believe dismantling the PCAOB could undermine trust in U.S. capital markets. The conversation reveals the hidden economics of audit oversight and explains why there hasn't been a major public company fraud since Enron and WorldCom.
Chapters
(00:00) - Welcome to the Show (01:10) - Meet the Experts (02:59) - Discussion on PCAOB's Elimination (08:17) - Research Insights on PCAOB's Effectiveness (20:11) - Deficiency Rates and Audit Quality (24:50) - Economic Impact of Fraud and PCAOB's Role (25:20) - Regulatory Model of the PCAOB (25:59) - Incentive Structure and Audit Quality (26:59) - Inspection Deficiency Rates (28:54) - Restatement Rates vs. Deficiency Rates (30:23) - Auditor-Client Relationship Tensions (31:42) - Documentation Issues in Audits (35:15) - Effectiveness of PCAOB Inspections (37:49) - Impact of PCAOB on Financial Reporting Quality (40:33) - Potential Elimination of the PCAOB (44:00) - Conclusion and Final Thoughts
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Connect with Our Guests:Maureen McNichols
https://www.gsb.stanford.edu/faculty-research/faculty/maureen-mcnichols
Nemit Shroff
https://mitsloan.mit.edu/faculty/directory/nemit-shroff
Daniel Aobdia
https://directory.smeal.psu.edu/dza5396Connect with Blake Oliver, CPA
LinkedIn: https://www.linkedin.com/in/blaketoliver
Twitter: https://twitter.com/blaketoliver/Tue, 10 Jun 2025 - 541 - Excel Still Trumps AI, Tariffs Under Threat, QBO Price Increases Justified?
What happens when a major newspaper publishes a summer reading list where only five of the 15 books actually exist? Blake and David explore this real example of AI-generated content gone wrong and what it means for accounting professionals who increasingly rely on automated tools. They break down QuickBooks' latest price increases, demonstrate how AI can now build complex consolidation spreadsheets in minutes, and discuss why Excel skills still outrank AI knowledge in finance hiring. Plus, they examine the legal challenges facing Trump's tariff policies, alternative CPA pathway expansion, and hear from accounting student Jason Farley about the dangerous gap between classroom education and real-world cloud accounting practice.
Sponsors
Payhawk - http://accountingpodcast.promo/payhawk
Keeper - http://accountingpodcast.promo/keeper
REFRAME 2025 - http://accountingpodcast.promo/reframe2025
TeamUp - http://accountingpodcast.promo/teamup
Chapters
(00:48) - Summer Reading List Mishap (02:52) - AI and the Future of Fact-Checking (05:27) - AI Video Generators and Fake News (08:20) - QuickBooks and AI Pricing Debate (09:16) - Elon Musk and Government Efficiency (10:41) - The Big Beautiful Bill and Its Implications (18:29) - Tariffs and Trade Wars (38:31) - Excel vs AI in Finance (41:25) - The Rise of Excel: A Brief History (42:27) - Introducing Perplexity AI: A Versatile Tool (52:39) - Alternative CPA Pathways and Legislative Changes (53:50) - The Role of the PCAOB in Audit Quality (58:08) - Controversies Surrounding IRS Commissioner Nominee Billy Long (01:02:42) - The Future of Accounting Internships and Outsourcing (01:19:03) - Perplexity's Onboarding Process: Results and Insights (01:23:21) - Upcoming Conferences and Closing RemarksShow Notes
Chicago Sun-Times fake summer reading list article
https://www.chicagosuntimes.com/fake-summer-reading-list-2025
South Carolina passes alternative CPA pathway legislation
https://www.scstatehouse.gov/cpa-pathway-legislation-2025
New Jersey alternative CPA pathway bill
https://www.njleg.state.nj.us/bills/cpa-alternative-pathway-2025Oregon CPA licensure reform legislation
https://www.oregonlegislature.gov/cpa-pathway-reform-2025Minnesota CPA education requirements change
https://www.revisor.mn.gov/cpa-education-requirements-2025Illinois CPA pathway legislation
https://www.ilga.gov/cpa-pathway-bill-2025Trump tariffs constitutional challenge court ruling
https://www.reuters.com/legal/trump-tariffs-constitutional-challenge-2025Court of International Trade blocks global tariffs
https://www.cit.uscourts.gov/trump-tariffs-ruling-2025International Emergency Economic Powers Act tariff authority
https://www.treasury.gov/ieepa-tariff-authority-analysisPCAOB elimination provision in tax bill
https://www.congress.gov/bill/pcaob-elimination-provisionBilly Long IRS Commissioner confirmation hearing
https://www.finance.senate.gov/billy-long-confirmation-hearingBilly Long tribal tax credits promotion controversy
https://www.irs.gov/tribal-tax-credits-fraud-warningFederal Tax Updates podcast with Danny Werfel
https://federaltaxupdates.com/danny-werfel-interviewSolutions Magazine Excel vs AI survey
https://solutionsmagazine.com/excel-ai-finance-survey-2025Microsoft Excel 40th anniversary analysis
https://www.technologylab.com/excel-40-years-anniversaryQuickBooks pricing increases for AI features
https://quickbooks.intuit.com/pricing-changes-ai-features-2025Puzzle AI accounting platform pricing
https://puzzle.io/pricingDigits AI bookkeeping service costs
https://digits.com/pricing-plansUplink AI bookkeeping pricing structure
https://uplink.com/ai-bookkeeping-pricingAltman Dublin AI accounting company funding
https://altman.ie/series-a-funding-announcementPerplexity Labs spreadsheet creation feature
https://labs.perplexity.ai/spreadsheet-toolsMicrosoft Office bundling strategy vs Lotus 123
https://www.computerhistory.org/excel-lotus-competition
Meet our Guest, Chayton FarleeLinkedIn: https://www.linkedin.com/in/chaytonfarlee/
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Check out our new website -
Thu, 05 Jun 2025 - 540 - Beyond the Hype: Real-World AI in Accounting and Finance
How close are we to expense reports that create themselves? In this crossover episode recorded live at Emburse in Motion, Blake Oliver explores real-world AI implementation with Adriana Carpenter, CFO of Emburse, and Olga Pavlova from PizzaExpress. Discover how PizzaExpress manages 350+ restaurant locations using AI to automatically flag policy violations and detect hidden SaaS subscriptions buried in expense reports. You'll learn specific strategies for vendor consolidation that deliver immediate cost savings, plus hear Adriana's vision for AI agents that guide employees through policy compliance in real time. From keyword detection that prevents VAT errors to mobile-first expense reporting that's "quarters away, not years away," this episode reveals practical automation wins you can implement today.
Meet Our Guests:
Adriana Carpenter
CFO, EmburseLinkedIn:https://www.linkedin.com/in/adriana-carpenter-487507a/
Learn more about Emburse
https://www.emburse.com/company/about-emburse
Olga Pavlova-Grebliauske FCCA
LinkedIn:https://www.linkedin.com/in/olga-pavlova-grebliauske-fcca-8a625470/Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Fri, 30 May 2025 - 539 - One Big Beautiful Podcast Episode: Taxes, QuickBooks, & Tesla
What happens when Congress passes a $3.8 trillion deficit-increasing bill by just one vote while promising fiscal responsibility? Blake and David break down the "Big Beautiful Bill" and reveal who really benefits—spoiler alert: it's not the middle class or the national debt. They explore QuickBooks' aggressive new AI agents rollout with price hikes up to 17%, examine why Tesla's CPA CFO earned $139 million in one year, and uncover how tariff-stressed businesses are weaponizing invoice rejections to manage cash flow. You'll discover why the time-based billing model is fundamentally broken in accounting, learn about the emerging "Next 12" tier of accounting firms, and understand why partners work the most hours while achieving only 6.9/10 job satisfaction.
Sponsors
Relay - http://accountingpodcast.promo/relay
TeamUp - http://accountingpodcast.promo/teamup
REFRAME 2025 - http://accountingpodcast.promo/reframe2025
Payhawk - http://accountingpodcast.promo/payhawk
Chapters
(00:44) - The Big Beautiful Bill Act Overview (03:13) - Public Perception and Survey Insights (04:51) - Tax Implications and Specific Provisions (19:24) - National Debt Concerns (29:35) - QuickBooks AI Agents and Price Increases (32:52) - AI and Automation in Accounting (33:52) - Intuit's Earnings and Stock Performance (34:53) - Price Increases for QuickBooks Products (36:53) - AI Agents and QuickBooks Plans (38:01) - Impact of AI on Accounting Apps (38:56) - Intuit Enterprise and Accountants' Role (39:28) - Reframe 2025 Conference (42:40) - Big Four Transparency and Work Hours (48:18) - Tariffs and Invoice Rejections (54:52) - Big Four vs. Next 12 Accounting Firms (01:00:48) - Conclusion and CPE InformationShow Notes
Do Americans Support Trump's 'Big, Beautiful' Budget Package? What Poll Found Before it Passed in House
Tesla CFO earns staggering $139 million compensation package
https://www.foxbusiness.com/markets/tesla-cfo-earns-staggering-139-million-compensation-package
Tesla Exec Receives Record Pay Package, Highest Paid CFO
Tesla CFO Vaibhav Taneja draws record $139 million salary
Big 4 Transparency - Awards Season
https://big4transparency.beehiiv.com/p/big-4-transparency-awards-season
Tariffs & Trade Uncertainty Creates Invoice Rejections Surge
https://procurementmag.com/news/tariffs-trade-uncertainty-creates-invoice-rejections-surge
Invoice rejection spike suggests tactic's use as tariff buffer, study says
Art of Accounting: Analysis of Top 100 Firms data https://www.accountingtoday.com/opinion/art-of-accounting-analysis-of-top-100-firms-data
The corporate work week grows even longer
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Wed, 28 May 2025 - 538 - Intuit's Tariff on Developers, Arizona Tariff Shelters, $1T Stolen Annually from US
Could the Pope be on the hook for US taxes? As the first American elected Pope, Leo XIV faces an unusual conundrum under US citizenship rules. Meanwhile, Intuit's controversial new API pricing has developers reeling, and Hector Garcia joins the conversation to explain why this "tariff" threatens the entire QuickBooks ecosystem. Blake and David also examine how companies use foreign trade zones to dodge Trump's tariffs, unpack the AICPA's new CPA licensure model, and reveal shocking numbers on government fraud that could approach $1 trillion annually. Plus, discover why 99.99% of Trump Memecoin buyers lost money while just 58 wallets walked away with billions.
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Payhawk - http://accountingpodcast.promo/payhawk
Chapters
(01:54) - South Carolina State Treasurer Ousted (04:04) - Deal CEO Relocates Amid Lawsuit (05:28) - Live Stream Interactions (07:29) - Introducing Hector Garcia and Reframe (08:19) - Intuit Developer Program Changes (09:53) - Discussion on API Charges and Developer Impact (16:37) - Speculations and Theories on Intuit's Strategy (28:56) - Reframe Conference Details (31:30) - Trump's Tariffs and Foreign Trade Zones (33:52) - Introduction to Free Trade Zones (34:42) - Arizona's Dominance in Free Trade Zones (37:41) - Legal Challenges to Trump's Tariffs (40:29) - Intuit's Political Maneuvering (44:53) - New CPA Licensure Model (57:43) - Fraud and Government Inefficiencies (01:06:27) - Closing Remarks and New PodcastsShow Notes
South Carolina Senate votes to remove state treasurer over $1.8 billion accounting error
https://www.thestate.com/news/politics-government/article287284067.html
Deal CEO Alex Bouaziz relocates to Dubai amid Rippling lawsuit
https://techcrunch.com/2024/04/15/deal-ceo-alex-bouaziz-has-relocated-to-dubai-amid-the-rippling-lawsuit/Rippling raises $450 million at $16.8 billion valuation
https://techcrunch.com/2024/04/16/rippling-raises-450m-at-16-8b-valuation/AICPA and NASBA release model legislation for new CPA licensure pathway
https://www.journalofaccountancy.com/news/2024/apr/aicpa-nasba-release-model-legislation-new-cpa-licensure-pathway.htmlFlorida Institute of CPAs successfully pauses bill to eliminate licensing boards
https://www.ficpa.org/article/ficpa-advocacy-update-on-house-bill-639American Pope Leo XIV may need to file US tax returns
https://www.cnbc.com/2024/04/23/american-pope-leo-xiv-may-need-to-file-us-tax-returns.htmlForeign Trade Zones become tariff shelters amid Trump's trade policies
https://www.wsj.com/economy/tariffs/foreign-trade-zones-become-tariff-shelters-for-small-firms-a5e81093Federal court questions constitutionality of Trump's Liberation Day tariffs
https://www.reuters.com/legal/us-trade-court-questions-legality-biden-tariffs-2024-04-17/Elon Musk stepping aside at DOGE while work continues through 2026
https://www.axios.com/2024/04/22/elon-musk-stepping-aside-doge-juneIRS fails to meet improper payment rate goals for refundable tax credits https://www.treasury.gov/tigta/auditreports/2024reports/202440032fr.pdf
Criminal groups stealing up to $1 trillion from US government programs
https://www.nbcnews.com/business/economy/hackers-stealing-us-government-money-rcna15002499.99% of Trump Memecoin buyers lost money while 58 wallets made over $10 million each
https://www.chainalysis.com/reports/trump-memecoin-analysis-2024/Intuit's record lobbying spending and Republican support to eliminate IRS Direct File
https://www.opensecrets.org/news/2024/04/intuit-turbotax-parent-spends-record-on-lobbying-amid-direct-file-rollout/Intuit Developer Program Changes
https://developer.intuit.com/app/developer/homepage
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Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube:Thu, 22 May 2025 - 537 - Cut Your Tech Stack 50%, Threat to CPA in Florida, IRS Cuts Recap
What if your firm could cut its tech stack in half while delivering faster results to clients? In this episode, Blake and David explore the consolidation revolution in accounting software as practice management tools secure massive funding rounds. They also break down how private equity is reshaping the profession's business model, with some firms now prohibiting CPAs from using their credentials in email signatures. Plus, discover why a proposed Florida bill eliminating the Board of Accountancy could have nationwide implications for licensed professionals. Learn why shorter turnaround times—not lower prices—might be your most cost-effective path to happier clients in today's AI-transformed landscape.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Relay - http://accountingpodcast.promo/relay
REFRAME 2025 - http://accountingpodcast.promo/reframe2025
Payhawk - http://accountingpodcast.promo/payhawk
Chapters
(01:14) - Today's Topics Overview (03:53) - Travel Stories and Observations (05:14) - Conference Highlights and Industry Insights (16:50) - Florida CPA Threat and Licensing Issues (21:21) - Private Equity in Accounting Firms (39:39) - IRS Workforce Reduction Update (44:04) - IRS and ICE Data Sharing Agreement (45:42) - Proposed Bill to Regulate Tax Preparers (47:37) - Americans' Perception of Tax Fairness (52:16) - Improving Client Satisfaction in Tax Services (01:00:21) - Consolidation in Accounting Tech: Xero and Bill.com (01:02:28) - Gusto Expands into AR and AP (01:10:47) - The Impact of AI on Accounting JobsShow Notes
Firms with AI report higher per-employee revenue vs others
https://www.accountingtoday.com/news/firms-with-ai-report-higher-per-employee-revenue-vs-others50% of finance teams still take over a week to close the books
https://www.cfo.com/news/50-of-finance-take-week-to-close-books-ledge-month-end-close-time-cfo-three-day-close-myth-/746085/
Shorter Turnaround Equals Happier Tax Clients
https://www.cpatrendlines.com/2025/05/shorter-turnaround-equals-happier-tax-clients/Less than half of Americans believe federal income taxes are fair, Gallup poll finds
https://news.gallup.com/poll/taxes-fairness-poll-2025.aspxFlorida bill threatens to eliminate Board of Accountancy
https://www.goingconcern.com/florida-bill-threatens-to-eliminate-board-of-accountancy/13 regional accounting firms unite under Sorin brand backed by private equity
https://www.accountingtoday.com/news/13-regional-accounting-firms-unite-under-sorin-brand
Bennett Thrasher rejects private equity, champions independence
https://www.accountingtoday.com/news/bennett-thrasher-rejects-private-equity-champions-independenceInterest in accounting rising among students, CAQ survey finds
https://www.thecaq.org/accounting-interest-students-survey-2025/Treasury to stop issuing and accepting paper checks effective September 30, 2025
https://home.treasury.gov/news/press-releases/paper-checks-phase-out-2025IRS and ICE reach agreement to share immigrants' tax information
https://www.irs.gov/newsroom/information-sharing-agreement-ice-2025Bill to regulate tax preparers introduced in Congress
https://www.congress.gov/bill/tax-preparer-regulation-2025Canopy raises $70 million Series C for practice management software
https://www.canopytax.com/blog/70-million-series-c-funding-2025Thoma Bravo invests $100 million in HubSync for accounting technology growth
https://www.hubsync.com/news/thoma-bravo-investment-100-millionXero and Bill forming alliance for embedded bill pay in the US
https://www.xero.com/blog/2025/05/bill-partnership-announcement/Melio to embed payments for AR and AP inside Gusto
https://www.melio.com/blog/melio-gusto-partnership-2025
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http...Thu, 15 May 2025 - 536 - Firms Using AI Make More $, PCAOB Shutdown Fight, The Impossible Tariff Test
Could AI create a $20 trillion professional services earthquake? In this episode, Blake and David dive into the data showing that AI firms generate $45,000 more revenue per employee than non-adopters. You'll discover how AI is reshaping traditional accounting and what Claude's new ability to connect with your Gmail and calendar means for productivity. They also demonstrate how indistinguishable AI-cloned voices have become, sharing practical tips to protect yourself and clients from increasingly sophisticated voice scams. Plus, hear why the "impossible" US customs broker exam (with its shocking 4% pass rate) might offer accountants a lucrative alternative career path as tariff disputes heat up.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)
Reframe - http://accountingpodcast.promo/reframe2025
Payhawk - http://accountingpodcast.promo/payhawk
Chapters
(00:37) - The Impact of AI on Accounting Firms (02:04) - Voice AI Scams and Protection Tips (03:34) - Legislative Updates and Industry News (05:44) - Live Stream Shoutouts and Sponsor Acknowledgements (06:50) - AI in Accounting: Revenue and Efficiency Insights (14:01) - AI Voice Cloning Demonstration (16:29) - Protecting Against AI Voice Scams (24:12) - AI's Impact on Work and Productivity (32:32) - AI in Tax and Accounting Firms (38:19) - Success in Contract Drafting (38:43) - Starbucks' Automation Reversal (41:07) - AI and Productivity Gains (53:58) - The Great Legacy Extinction (01:08:58) - The Impossible Tariff Test (01:13:09) - Private Equity in Accounting Firms (01:16:03) - Conclusion and CPE CreditsShow Notes
Firms with AI report higher per-employee revenue vs others
https://www.accountingtoday.com/news/firms-with-ai-report-higher-per-employee-revenue-vs-othersNine Ways to Protect Yourself from 'Impostor' Voice Scams
https://www.magzter.com/stories/newspaper/The-Wall-Street-Journal/NINE-WAYS-TO-PROTECT-YOURSELF-FROM-IMPOSTOR-VOICE-SCAMS
Danish study challenges claims about AI disrupting the labor market
https://getcoai.com/news/danish-study-challenges-claims-about-ai-disrupting-the-labor-market/
50% of finance teams still take over a week to close the books
https://www.cfo.com/news/50-of-finance-take-week-to-close-books-ledge-month-end-close-time-cfo-three-day-close-myth-/746085/
The Great Legacy Extinction: AI's $20T Takeover of Professional Services
https://www.venrock.com/insights/insights-technology/the-great-legacy-extinction-ais-20t-takeover-of-professional-services/
What Do You Think of the New PwC Logo?
https://www.cpapracticeadvisor.com/2025/04/30/what-do-you-think-of-the-new-pwc-logo/159946/
Big Four accounting firm PwC to slash about 1,500 jobs in the US
https://www.reuters.com/sustainability/accounting-firm-pwc-cut-1500-us-jobs-ft-reports-2025-05-05/
How are different accounting firms using AI?
https://tax.thomsonreuters.com/blog/how-do-different-accounting-firms-use-ai/
Customs Broker License Exam (CBLE)
https://www.cbp.gov/trade/programs-administration/customs-brokers/license-examination-notice-examination
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is availa...
Wed, 07 May 2025 - 535 - Ramp Wants to Be the Federal Spend Card, Interview with Mark Koziel
Could you spend years earning your CPA license only to be told you can't use it? In this episode, Mark Koziel, president of the AICPA, joins Blake and David to discuss the shocking trend of firms prohibiting CPAs from identifying themselves as such in emails, on business cards, and even on LinkedIn. Blake and David also explore the economic uncertainty created by Trump's tariff policies, with major corporations cutting costs and delaying investments. Plus, learn about Republican plans to eliminate the PCAOB, the wave of states creating alternative CPA pathways, and why Ramp could become the federal government's spend management platform.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
RoboDebit - http://accountingpodcast.promo/robodebit
Chapters
(01:13) - Top News Stories of the Week (04:18) - Ramp's Ambitious Federal Government Plans (14:04) - Republican Plans to Scrap PCAOB (17:56) - Impact of Tariffs on Major Corporations (28:45) - IRS Leadership Changes (32:31) - Private Equity's New Accounting Firm (36:03) - CPA Pipeline Updates: Tennessee, Texas, and Indiana (37:46) - Republicans and the Millionaire Tax Idea (40:20) - Interview with Mark Koziel: CPA Title Controversy (01:06:36) - Fun Facts: The Cost of Replacing the Pope (01:08:43) - Earn Free CPE on EarmarkShow Notes
Trump Team Eyes Politically Connected Startup to Overhaul $700 Billion Government Payments Program
https://www.propublica.org/article/trump-peter-thiel-ramp-gsa-smartpay-expense-payment-system
Big 4 Alum Start Their Own Thing Hoping Clients Want Something Different and Conflict-Free
Texas passes CPA law as push to lower licensure barrier gains steam
Draft bill would eliminate PCAOB
https://www.accountingtoday.com/news/draft-bill-would-eliminate-pcaob-empower-sec
Why The IRS Went Through 4 Acting Commissioners In 3 Months
https://abovethelaw.com/2025/04/why-the-irs-went-through-4-acting-commissioners-in-3-months/
'Hard no': Millionaire tax hike proposal has House Republicans divided
https://www.foxnews.com/politics/hard-no-millionaire-tax-hike-proposal-has-house-republicans-divided
Tariffs and global trade: The economic impact on business
Firms with AI report higher per-employee revenue
https://www.accountingtoday.com/news/firms-with-ai-report-higher-per-employee-revenue-vs-others
The mysterious donor who paid for Pope Francis' funeral
https://en.ara.cat/misc/the-mysterious-donor-who-paid-for-pope-francis-funeral_1_5357026.html
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top o...
Wed, 30 Apr 2025 - 534 - Debits, Credits and Sniper Rifles: Reviewing the Accounting in The Accountant
In this bonus episode, David teams up with Caleb and Zach from Oh My Fraud to unpack the 2016 film The Accountant. Together, they explore how Hollywood portrays forensic accounting, internal controls, and what happens when your auditor brings a thermos full of sniper parts.
Connect with David and Caleb
https://www.linkedin.com/in/davidleary
https://www.linkedin.com/in/calebnewquistOh My Fraud Episodes mentioned in this episode
https://ohmyfraud.com/episodes/the-fraud-came-first-remembering-crazy-eddie-with-gary-weisshttps://ohmyfraud.com/episodes/meet-the-fraudster-nathan-mueller
https://ohmyfraud.com/episodes/blow-the-whistle-with-jason-zuckerman-and-matt-stock
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TranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Fri, 25 Apr 2025 - 533 - AI Spreadsheets, IRS Mass Resignations, Recession Signs
Could AI be doing a day's work in just minutes for accountants? In this episode, Blake and David explore how accounting technology is revolutionizing traditional workflows, from Xero's new AI protocol that connects chatbots directly to accounting data, to Google's game-changing "I" function in Sheets that lets you analyze data with natural language. You'll discover why deep research tools might replace entire teams of analysts and why revealing your AI usage might actually hurt your professional reputation. Plus, hear about unusual recession indicators (men's underwear sales are down!), what Americans consider financial success versus reality, and why accountants everywhere are buzzing about Baker Tilly's merger with Moss Adams. Whether you're curious about automating journal entries or simply wondering if you should disclose your AI wizardry, this episode delivers practical insights for the modern finance professional.
Sponsors
Payhawk - http://accountingpodcast.promo/payhawk
Relay - http://accountingpodcast.promo/relay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
RoboDebit - http://accountingpodcast.promo/robodebit
Chapters
(00:00) - Introduction and Podcast Overview (00:39) - App News and Intuit Updates (07:53) - Intuit's AI and Bitcoin Controversy (11:10) - Xero Innovations (20:16) - Paychex Acquires Paycor (21:11) - Flowcast's AI Agents (25:17) - Pipe Acquires Glean AI (26:28) - Google Sheets AI Formula (34:30) - Google Agent Space (42:29) - AI's Impact on High-Level Jobs (43:12) - Testing AI with Investment Analysis (44:25) - Mother Road Brewery Investment Evaluation (49:31) - Canva's New Sheets Feature (54:31) - Google's Monopoly and Data Breach News (58:22) - AI Disclosure in the Workplace (01:05:51) - Mega Merger of Accounting Firms (01:11:26) - Signs of a Recession (01:17:45) - Upcoming Events and CPE OpportunitiesShow Notes
Accelerating Money Innovation with Deserve Technology Platform and Talent
WARNING: Quickbooks Checking
https://quickbooks.intuit.com/learn-support/en-us/banking/warning-quickbooks-checking/00/1516063
Green Dot considers sale as CEO exits
https://www.paymentsdive.com/news/green-dot-citi-strategic-review-sale-ceo-exit-gresham/742096/
Intuit Enterprise Suite Spring update features more efficient multi-entity accounting, enhanced reporting, and more
https://quickbooks.intuit.com/r/enterprise/intuit-enterprise-suite-spring-2025-release-notes/
Strive targets Intuit for Bitcoin buys after orange-pilling GameStop
https://cointelegraph.com/news/strive-targets-intuit-bitcoin-buys-after-gamestop
Xero Rolls Out New "Reconcile Period" Feature
Xero introduces new Model Context Protocol server for smarter accounting
Paychex Acquires Paycor in $4.1 Billion Deal
https://www.pymnts.com/acquisitions/2025/paychex-acquires-paycor-in-4-1-billion-deal/
Introducing FloQast AI Agents: Revolutionizing Accounting Automation
https://www.floqast.com/blog/introducing-floqast-ai-agents-revolutionizing-accounting-automation
Pipe Acquires Glean.ai to Add Spend Management to Suite of Embedded Financial Solutions
Google Sheets Introduces AI-Powered =AI() Formula for Enhanced Productivity
https://yourstory.com/2025/04/google-sheets-ai-formula-geminiScale enterprise search and agent adoption with Google Agentspace
Sarah Friar’s LinkedIn Post …
OpenAI CFO Sarah Friar: We are building a lot of IP down into the data center layer
Introducing Visual Suite 2.0: Productivity, meet creativity
https://www.canva.com/newsroom/news/canva-create-2025/
Department of Justice Prevails in Landmark Antitrust Case Against Google
https://www.justice.gov/opa/pr/department-justice-prevails-landmark-antitrust-case-against-google
Dark Web Digest – Lessons Learned from the Wolters Kluwer Data Breach
https://www.purevpn.com/blog/dark-web-digest-issue-4-wolters-kluwer/
New HEC Paris research suggests that shadow adoption of ChatGPT could benefit employees but not the firms
https://www.hec.edu/en/news-room/new-hec-p...
Wed, 23 Apr 2025 - 532 - DOGE Proves IRS Can Move 100X Faster Without Red Tape
What happens when a trade war meets bureaucratic red tape? In this episode, Blake and David dive into the explosive impact of 145% tariffs on Chinese goods and what it means for American businesses' bottom lines. Through real-world examples—from small retailers to tech giants like Apple—they break down how these policies could devastate supply chains and force difficult decisions for companies caught in the crossfire.
Meanwhile, the Department of Government Efficiency is shaking up the IRS, transforming a login button change from a 103-day project into a 71-minute fix. But that's not all: CPAs at private equity-owned firms are now being told to remove their credentials from email signatures and LinkedIn profiles. Tune in to understand how these seemingly separate issues reflect larger battles over professional identity, government efficiency, and America's economic future.
Sponsors
RoboDebit - http://accountingpodcast.promo/robodebit
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)
Chapters
(01:40) - Weekly News Roundup (03:03) - IRS Updates and Controversies (03:59) - Private Equity and CPA Titles (05:08) - Government Efficiency and IRS Hackathon (18:46) - Tariffs and Trade Wars (27:57) - Impact of Tariffs on Businesses (46:33) - Economic Impact of Tariffs and Debt (47:26) - Trump Administration's Strategic Challenges (48:14) - Job Loss Projections Due to Tariffs (51:09) - China's Economic Transformation and Future (54:43) - Human Impact of US-China Trade Policies (58:48) - IRS Sharing Tax Information with Homeland Security (01:03:06) - Private Equity's Influence on CPA Firms (01:16:29) - Shopify's AI Hiring Policy (01:29:25) - Conclusion and AnnouncementsShow Notes
Department of Government Efficiency – X posting on re-engineering a 103-day project
https://x.com/DOGE/status/1910067646827057152DOGE plans now reportedly include an IRS ‘hackathon’
https://www.theverge.com/news/644327/musk-doge-irs-hackathon-taxpayer-data-transfer-cloudIRS Workers Get Final Chance to Take Deferred Resignation Offer
https://www.cpapracticeadvisor.com/2025/04/07/irs-workers-get-final-chance-to-take-deferred-resignation-offer/158668/Appeals Court Clears Path for Trump to Resume Firing ...
https://www.nytimes.com/2025/04/09/us/politics/trump-federal-workers-firing.htmlElon Musk Secretly Working to Rewrite the Social Security Codebase Using AI
https://futurism.com/elon-musk-rewriting-social-security-code-aiPentagon hits Accenture, Booz Allen and Deloitte with contract cancellations
https://www.nextgov.com/acquisition/2025/04/pentagon-hits-accenture-booz-allen-and-deloitte-contract-cancellations/404525/?oref=ng-homepage-riverHere’s the iPhone. Here’s the iPhone With Tariffs.
https://www.wsj.com/tech/personal-tech/iphone-apple-tariffs-china-bb20c7a3Between tariffs and survival, American business owners are doing alarming math
https://www.npr.org/2025/04/07/nx-s1-5352833/trump-tariffs-china-manufacturing-businessesAt Home Group, Stung by Trade War, Explores Bankruptcy
https://www.wsj.com/articles/at-home-group-stung-by-trade-war-explores-bankruptcy-853b9a83How Much Revenue Can Tariffs Really Raise for the Federal Government?
https://taxfoundation.org/research/all/federal/universal-tariff-revenue-estimates/IRS agrees to share tax information of undocumented immigrants with Ice
https://www.theguardian.com/us-news/2025/apr/08/irs-ice-tax-dataActing IRS commissioner resigning after agency reaches data-sharing deal with immigration authorities
https://www.cnn.com/2025/04/08/politics/melanie-krause-acting-irs-commissioner-resigning/index.htmlAccounting firm that sold out to private equity is now requiring CPAs that work for them to stop using "CPA" on their personal LinkedIn and in email signatures
https://www.reddit.com/r/Accounting/comments/1jx2338/accounting_firm_that_sold_out_to_private_equity/?rdt=47047Shopify CEO: No new hires, unless you prove AI can’t do the job
https://thehill.com/policy/technology/5239841-shopify-ceo-ai-first-hiringKPMG’s new AI bot has cut interview scheduling time by almost 60% and saved more than 1,000 hours for the talent acquisition team
https://finance.yahoo.com/news/kpmg-ai-bot-cut-interview-121831887.htmlNeed CPE?
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...
Tue, 15 Apr 2025 - 531 - Work Less, Earn More: Transforming Accounting into a Rewarding Career (from the Earmark Podcast)
Earmark Media Presents a bonus episode of Earmark Podcast:
Join Blake Oliver as he interviews Yuri Kapilovich, a CPA who's cracked the code on balancing work and life in accounting. Discover how Yuri maintains a thriving practice while working just 10-15 hours per week outside tax season and a maximum of 40 hours during crunch time. Learn actionable strategies for setting the right fees, optimizing workflows, and prioritizing fun and family without sacrificing success. Yuri will share his insights on transforming accounting from a grueling profession into an enjoyable and rewarding career. This webinar will equip you with practical tools to revolutionize your work-life balance and rediscover the joy in accounting. Don’t miss this opportunity to make your career more fulfilling and efficient!
(Originally recorded on December 4, 2024, on Earmark Webinars+)
Meet Our Guest, Yuri Kapilovich
LinkedIn: https://www.linkedin.com/in/ykapilovich/Learn more about The Fun CPA
https://www.thefuncpa.co/Need CPE?
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Thu, 10 Apr 2025 - 530 - The Crazy Calc of Trump's Tariffs & How to Make Fake Receipts With AI
Could AI-generated fake receipts upend expense reporting as we know it? In this eye-opening episode, Blake and David demonstrate live how easy it's becoming to create convincing financial documents with AI—from receipts to audit opinions. They break down why Trump's new "reciprocal" tariffs aren't what they seem (complete with meaningless Greek symbols) and how they're already triggering market turbulence. You'll also learn why the federal government is ending paper checks by September, potentially saving hundreds of millions while reducing fraud by 16x. Plus, discover why Signal might be the most secure messaging option for your sensitive client communications. Whether you're concerned about fraud detection, economic impacts on your clients, or evolving professional standards, this episode delivers practical insights for navigating today's rapidly changing landscape.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)
Chapters
(02:49) - Implications of AI-Generated Receipts (05:23) - Sponsor Acknowledgements and Livestream Interaction (06:15) - Deep Dive into Trump's Tariffs (09:27) - Economic Impact of Tariffs (22:57) - Creating Fake Receipts with AI (37:01) - Signal App and Secure Communication for Accountants (42:22) - Corporate Espionage and Fraud Cases (47:23) - Generating a Fake Audit Report with AI (52:19) - Discussing Douglas Edelman's Tax Evasion (56:33) - Deloitte Layoffs Due to Federal Crackdown (01:00:14) - Mandating Electronic Federal Tax Transactions (01:10:08) - IRS and ICE Coordination on Unauthorized Immigrants (01:13:34) - Alternative Pathways to Becoming a CPA (01:20:24) - Critique of Big Four Accounting Firms (01:28:01) - Upcoming Events and New Content on EarmarkShow Notes
ChatGPT’s new image generator is really good at faking receipts
https://techcrunch.com/2025/03/31/chatgpts-new-image-generator-is-really-good-at-faking-receipts/
Markets Swing Wildly After Trump Holds His Ground on Tariff Plan
https://www.wsj.com/livecoverage/stock-market-trump-tariffs-trade-war-04-07-25
Trump’s Reciprocal Tariff Calculations Are Nonsense, Will Punish Mutually Beneficial Trade
https://taxfoundation.org/blog/trump-reciprocal-tariffs-calculations/
Stellantis to temporarily lay off 900 US workers as tariffs bite
Modernizing Payments To and From America’s Bank Account
The Trump Administration Accidentally Texted Me Its War Plans
@parkerconrad Tweet: Rippling sued @Deel today …
https://x.com/parkerconrad/status/1901615179718406276
Scoop: Fashion startup accuses founder of misconduct, after raising $534 million
https://www.axios.com/2025/03/31/scoop-caastle-founder-hunsicker-misconduct
The $7 Billion Defense Contractor Who Became One of America’s Biggest Alleged Tax Cheats
https://www.wsj.com/us-news/law/douglas-edelman-alleged-tax-fraud-who-ee65ea61
Deloitte is planning layoffs after a federal crackdown on consulting contracts
https://finance.yahoo.com/news/deloitte-planning-layoffs-federal-crackdown-063253531.html
DOGE’s private contract crackdown has eliminated more than 120 Deloitte contracts—more than twice the amount of any other consultancy
https://fortune.com/2025/04/03/doge-private-contract-crackdown-deloitte-consultancies/
Probationary IRS workers will be back to work before Tax Day: Trial Balance
IRS sharing info with ICE would put illegal immigrants between 'rock and a hard place': experthttps://www.yahoo.com/news/irs-sharing-ice-put-illegal-130026839.html
Georgia, Indiana join growing band of states to pass CPA licensure laws
I Quit my Big 4 Accounting Job to Fry Chicken and Will Never Go Back …
https://www.businessinsider.com/quit-big-four-accounting-fry-chicken-never-go-back-2025-4
Local firm slashes staff starting salaries
https://www.accountingtoday.com/opinion/local-firm-slashes-staff-starting-salaries
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a fa...
Mon, 07 Apr 2025 - 529 - IRS Officials Claim Cuts Will Widen Tax Gap by $500 Billion
What happens when tax enforcement weakens? With 17% of millennials considering skipping their tax filing altogether, Blake and David dig into how IRS budget cuts might impact compliance and revenue. They analyze fascinating survey data revealing what taxpayers truly value when choosing between professional preparation and free options like Direct File. Plus, discover the accounting scandal forcing Financial Times to retract its Tesla analysis, exposing how GAAP complexity confounds even financial experts. You'll also learn why three major US cities face billion-dollar budget holes and the disturbing revelation that duplicate Medicaid payments are costing taxpayers billions—all while Tether still can't produce an audit after ten years of promises.
Sponsors
Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)
TeamUp - http://accountingpodcast.promo/teamup
RightWorks- http://accountingpodcast.promo/rightnow2025
Chapters
(00:00) - Introduction and Podcast Overview (00:42) - Top Stories of the Week (02:27) - Sponsor Messages and Event Announcements (04:52) - Interview with Christina Ho on PCAOB (07:57) - Discussion on IRS Cuts and Tax Compliance (19:44) - Survey on IRS Direct File (28:21) - AI's Impact on Tax Professionals (29:14) - Discrepancies in Tax Software Results (30:08) - Public Opinion on Tax Filing Services (31:23) - Challenges for Tax Professionals (32:39) - LA's Budget Crisis (36:24) - Federal Government Spending Issues (37:28) - Medicaid Duplicate Payments Scandal (45:55) - Tether's Audit Controversy (50:38) - Tesla's Financial Discrepancies (56:16) - Big Four Transparency Rankings (58:07) - Conclusion and FarewellShow Notes
Tax Revenue Could Drop by 10 Percent Amid Turmoil at IRS
https://www.washingtonpost.com/business/2025/03/22/irs-tax-revenue-loss-federal-budget/
Survey: Some Americans Might Roll the Dice on Not Filing Their Taxes This Year Due to IRS Job Cuts
Most Americans Are Interested in Using IRS Direct File to Prepare and File Their Taxes
TurboTax vs Free Tax USA: A Shocking Price Comparison
https://www.tiktok.com/@carolinesadventure/video/7482613418801859870
Survey: 91% of Americans Think Filing Taxes Should Be Free
Why you should think twice before claiming an income-tax extension. ‘This is not the year to do your normal procrastinating.’
LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs
WSJ investigation: Medicaid paid health insurers billions by covering the same patients twice
Tether seeks Big Four firm for its first full financial audit — Report
https://cointelegraph.com/news/stablecoin-issuer-tether-big-four-firm-full-reserve-audit-report
Financial Times retracts report on Tesla’s alleged shady accounting
https://www.teslarati.com/financial-times-retracts-report-tesla-shady-accounting/
The Big 4 Transparency Accounting Awards
https://big4transparency.beehiiv.com/p/the-big-4-transparency-accounting-awards
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Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.y...Tue, 01 Apr 2025 - 528 - Fired IRS Workers Reinstated, Rippling v. Deel, DOGE Cuts Consultants
Blake and David dive straight into the headlines, starting with the controversial IRS workforce cuts and their potential impact on tax collections. They examine corporate espionage allegations between payroll companies Rippling and Deel, including a complex web of legal battles, Russian connections, and political involvement, and go on to discuss how AI is rapidly improving at handling longer tasks. All this and much more, right now!
Sponsors
RightWorks- http://accountingpodcast.promo/rightnow2025 (use code TAP15 for 15% OFF)
TeamUp - http://accountingpodcast.promo/teamup
Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)
Chapters
(00:31) - Exciting Stories and Headlines (03:07) - Live Stream Shoutouts (05:08) - Earmark Podcast and CPE Credits (10:56) - IRS Workforce Cuts and Tax Gap (30:13) - Rippling vs. Deel Espionage Saga (41:20) - Evolve Bank and Trust Controversies (42:39) - Rippling and Deal Lawsuit Drama (42:57) - Political Connections and Scandals (44:31) - The Future of AI in Accounting (46:36) - AI Performance and Moore's Law (50:42) - AI's Impact on Accounting Tasks (54:43) - Live Demonstration with Claude AI (01:08:27) - The Future of Accountants in an AI World (01:20:45) - Conclusion and Upcoming EventsShow Notes
7,000 IRS workers ‘reinstated’ — but not yet returning to work
IRS Retreats From Some Audits as Agency Slashes Workforce
https://www.wsj.com/politics/policy/internal-revenue-service-doge-taxes-f00ac956
Opinion | With IRS cuts, DOGE would lose far more money ...
https://www.washingtonpost.com/opinions/2025/03/13/doge-irs-cuts-tax-revenue/
Former Defense Contractor and his Wife Indicted for Evading U.S. Taxes on Profits from Selling Jet Fuel to the U.S. Military
https://www.irs.gov/pub/irs-ci/j5-media-release-7-3-2024.pdf
Lawsuit Alleges $12 Billion "Unicorn" Deel Cultivated Spy, Orchestrated Long-Running Trade-Secret Theft & Corporate Espionage Against Competitor
IRS in Crisis: Tax Professionals Bear the Brunt
https://cpatrendlines.com/2019/02/26/taxpayer-advocate-lambastes-irs/
Measuring AI Ability to Complete Long Tasks
https://metr.org/blog/2025-03-19-measuring-ai-ability-to-complete-long-tasks/
Earmark Podcast – Ep. 87 - How to Use AI to Analyze Data and Draft Financial Reports in Minutes
https://share.transistor.fm/s/c86818f5
Earmark’s Screening of The Accountant 2
https://www.eventbrite.com/e/screening-of-the-accountant-2-tickets-1225264421869?aff=EarmarkApp
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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REFRAME 2025 - http://accountingpodcast.promo/reframe2025Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd
Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Tue, 25 Mar 2025 - 527 - The Broken CPA Exam: Why Pass Rates Are Collapsing and How to Fix It
Is the CPA exam fundamentally flawed? With FAR section pass rates plummeting to a 15-year low of 36% and a staggering 40-point gap between discipline section pass rates, something isn't adding up. Dr. Josh McGowan of Troy University joins Blake Oliver to dissect these troubling statistics and explore how the 2024 CPA Evolution model may be inadvertently pushing candidates toward "easier" disciplines. They tackle the growing movement to drop the 150-hour requirement and propose a provocative solution: splitting the credential into specialized tax and financial/audit pathways. Whether you're preparing for the exam or leading a firm, this conversation reveals how accounting's licensing system might finally evolve beyond its one-size-fits-all approach.
Meet Our Guest, Dr. Josh McGowan, CPA
LinkedIn: https://www.linkedin.com/in/dr-josh-mcgowan-cpa-503846b7/
X: https://x.com/Jmcgowan3838Need CPE?
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Mon, 17 Mar 2025 - 526 - How Trump's Pick to Run Medicare Paid No Medicare Taxes in 2023
This week on the pod: Judge orders 6 agencies (including IRS?) to rehire fired probationary workers, we dig into the tax trick Dr. Oz used to pay no Medicare taxes, AICPA in pointless talks with the IRS, Digits takes on QuickBooks with AI-powered GL, remote accounting jobs in retreat, and more!
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Relay - http://accountingpodcast.promo/relay
RightWorks- http://accountingpodcast.promo/rightnow2025 (use code TAP15 for 15% OFF)
Chapters
(01:29) - Listener Feedback and Criticism (02:37) - Political Discussions and Their Impact on Accounting (12:34) - IRS Workforce Cuts and Technology Issues (20:44) - Dr. Oz and the Limited Partner Tax Strategy (33:15) - Viewer Comments and AI Discussion (33:56) - Digits and AI (52:29) - Remote Accounting Jobs: Trends and Insights (58:32) - Deloitte's Audit Integrity (01:00:53) - IRS Drama: Chief Counsel Clash (01:02:03) - Podcast Wrap-Up and Listener EngagementShow Notes
Dr. Mehmet Oz may have underpaid Medicare and Social Security taxes, Senate Democratic memo finds
DOGE proposes cutting IRS workforce by a total of nearly 20%
https://www.cnn.com/2025/03/13/politics/doge-irs-workforce-cuts-downsizing/index.html
Judge orders Trump administration to reinstate thousands of fired employees at VA, Defense Department and other agencies
https://www.cnn.com/2025/03/13/politics/judge-opm-probationary-employees-fired-hearing/index.html
AICPA CEO Releases Statement on IRS Services for this Tax Season
Introducing Autonomous General Ledger
https://digits.com/blog/agl-announcement/
Building AI that Actually Works: 10 Key Lessons from Calendly’s CPO and Head of UX
Only 9% of SMB finance teams are still working fully remote
Opportunity to Attract and Retain Highly Motivated Working Parents via Enhanced Flexibility, Stronger Support Systems
https://kpmg.com/us/en/media/news/kpmg-working-parents-survey-2025.html
Steak n Shake's parent company gets an adverse opinion from auditor
The IRS just demoted its chief counsel who clashed with Elon Musk’s DOGE
https://fortune.com/2025/03/13/irs-chief-counsel-doge-elon-musk/
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Fri, 14 Mar 2025 - 525 - IRS to Lay Off 50%, How Trump's Tariffs Are Working
How does a profession revitalize itself when salaries haven't budged since 2007? In this episode, Blake and David examine the shocking reality that Big Four audit associates in Chicago earn the same salary range today as they did nearly two decades ago. They also explore why accounting's value proposition has stagnated in a world where financial statements fail to capture what truly matters to modern investors, and you'll hear their take on the IRS's plan to cut 50% of its workforce, Social Security's future, and the economic impact of tariffs—including a surprising clip from Ronald Reagan himself. Plus, learn how over 30 states are now advancing legislation to eliminate the 150-hour rule that has long been blamed for declining CPA candidates.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)
RightWorks- http://accountingpodcast.promo/rightnow2025 (use code TAP15 for 15% OFF)
Chapters
(00:49) - BOI Reporting Requirements Halted (02:00) - Impact of BOI Reporting Suspension (05:12) - IRS Layoffs and Their Implications (11:56) - Reagan's Take on Tariffs (15:58) - Trump's Tariffs and Fentanyl Production (19:59) - OnPay Updates (24:50) - Economic Optimism Among CPAs (27:10) - Strategic Crypto Reserve (30:30) - Elon Musk on Social Security (37:49) - Earmark Webinar Highlights on CPA Licensure Changes (40:17) - Audit Associate Salary Stagnation (43:32) - CPA Supervision and Work Experience Challenges (44:48) - Audit Quality and Firm Economics (47:46) - Intangible Assets and Financial Reporting (59:03) - Expense Card Industry Updates (01:04:26) - US Debt and Economic PowerShow Notes
The IRS Is Reportedly Planning to Cut Up to 45,000 Workers — Half of Its Workforce
President Reagan's Radio Address on Free and Fair Trade on April 25, 1987
https://www.youtube.com/watch?v=5t5QK03KXPc
Trump’s Tariffs Set Off Day of Anger, Retaliation and Market Unease
https://www.nytimes.com/live/2025/03/04/us/tariffs-us-canada-mexico-china
Domestic economic sentiment declines 20 percentage points among CPA execs
Trump signs order to establish strategic bitcoin reserve
Fact Sheet: President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile
Elon Musk's Social Security Comments Called Out by Former Administrator
https://www.newsweek.com/elon-musk-social-security-comments-ponzi-scheme-martin-omalley-2042006
85% of Americans Willing to Raise Taxes to Save Social Security, Survey Shows
https://finance.yahoo.com/news/85-americans-willing-raise-taxes-133018876.html
Erica Goode’s LinkedIn Post on Salary Declines
Will Debt Sink the American Empire?
https://www.wsj.com/politics/policy/will-debt-sink-the-american-empire-8459096b
FASB Requests Feedback Related to Intangible Assets
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Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchase...Tue, 11 Mar 2025 - 523 - Top 10 College Accounting Programs, PwC Israel Fined, Trump Names Crypto Reserve Coins
What happens when the US government considers creating a cryptocurrency reserve? In this episode, Blake and David dive into Trump's surprising announcement about establishing a crypto strategic reserve and the immediate market reaction. They explore this proposal's potential consequences and skepticism, from security vulnerabilities to valuation challenges.
You'll also hear about PwC Israel's $2.8 million fine for exam cheating, Connecticut's push to create alternative CPA licensure pathways, and how accounting firms are expanding into legal services. They also dissect the outcry over federal employees being asked to submit weekly accomplishment reports and break down Citigroup's jaw-dropping $81 trillion transfer error caused by poor software design.
Whether you're tracking regulatory changes, interested in the evolution of professional services firms, or simply fascinated by the intersection of finance and technology, this episode delivers insights into the forces reshaping the accounting profession today.
Sponsors
Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)
RightWorks- http://accountingpodcast.promo/rightnow2025 (use code TAP15 for 15% OFF)
CPA.com - http://accountingpodcast.promo/cpa
Chapters
(00:00) - Introduction and Welcome (00:29) - Crypto's Legitimacy and Trump's Announcement (01:44) - Crypto Market Reactions and Speculations (04:07) - Personal Updates and Hiking Adventure (05:36) - Crypto Reserve Concerns and Security Issues (08:00) - PWC Fined for Cheating Scandal (11:42) - Top Collegiate Accounting Programs (16:52) - FinCEN and Beneficial Ownership Reporting (17:59) - Fyre Festival 2 Announcement (20:46) - CPA Licensure Pathways and Reforms (25:33) - Accounting Firms Expanding into Legal Services (30:45) - Consulting Firms and Government Contracts (36:30) - Government Spending and Nonprofits (37:49) - Consulting Costs and Middlemen (40:18) - The Penny Debate (41:53) - Federal Employee Accountability (58:46) - Elon Musk's OpenAI Offer (01:03:50) - Citigroup's $81 Trillion Error (01:07:36) - Self-Driving Cars and AI (01:10:11) - Conclusion and CPE MessageShow Notes
Trump names cryptocurrencies in strategic reserve, sending prices up
Crypto's biggest hacks and heists after $1.5 billion theft from Bybit
PCAOB Sanctions PwC Israel for Quality Control Violations Related to Widespread Improper Answer Sharing
CPA Success Index: Ranking the top collegiate accounting programs
https://www.accountingtoday.com/opinion/cpa-success-index-ranks-top-collegiate-accounting-programs
FinCEN Not Issuing Fines or Penalties in Connection with Beneficial Ownership Information Reporting Deadlines
Fyre Festival 2 tickets are on sale for up to $1.1 million after founder served prison time for defrauding investors of the first event
https://fortune.com/2025/02/26/fyre-festival-2-tickets-billy-mcfarland-prometheus-pass-music-lineup/
Progress: Tracking the conversation in all licensing jurisdictions
https://www.mncpa.org/involvement/legislative/broadening-pathways-to-cpa/national/
Aprio Aims to Enter Legal Industry by Combining with Law Firm in Arizona
McKinsey Estimates Advisor Shortage of 100,000 by 2034
Saudi Wealth Fund Blocks PwC from Advisory Work for One Year
A message from SecVA Doug Collins
https://www.youtube.com/watch?v=r8Z_RkqSAzo
Everyone Hates Pennies, Except This Guy
https://www.wsj.com/business/mark-weller-penny-defender-trump-d543a9de?mod=business_lead_pos1
Federal workers get a new email demanding their accomplishments
https://www.npr.org/2025/03/01/g-s1-51490/federal-workers-new-email-accomplishments
Fact Sheet: President Donald J. Trump Proceeds with Tariffs on Imports from Canada and Mexico
Sam Altman Rejects Elon Musk’s Offer To Buy OpenAI Control—And Mocks X
Former U.S. Senator Robert M...
Fri, 07 Mar 2025 - 522 - Federal Funds Freeze Hurts Nonprofits
Billions in federal funds for nonprofits were abruptly frozen by the Trump administration, leaving organizations scrambling to stay afloat. Blake speaks with Jerilyn Dressler and Harriet "Hatsy" Cutshall from YPTC about how these freezes disrupted essential services, the complex flow of federal grants, and the rigorous compliance requirements nonprofits must meet. With a judge ordering the funds to be reinstated, they discuss what’s next for nonprofits and the ongoing challenges of government funding oversight.
Meet Our Guests:
Jerilyn Dressler, CPA :https://www.linkedin.com/in/jerilynkeitdresslercpacfe
Harriet "Hatsy" Cutshall, CPA :https://www.linkedin.com/in/hatsycutshallcpa-yptcGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch
Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds
Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd
Wed, 05 Mar 2025 - 521 - The Case Against a Crypto Reserve
Dr. Jack Castonguay, CPA and Hofstra University professor, provides a critical analysis of proposed legislation to create a Strategic Bitcoin Reserve. He challenges the notion that the government should invest taxpayer money in a highly volatile, speculative asset that lacks the practical applications of traditional reserves like oil or foreign currencies. The discussion explores concerns about buying at record-high prices, the unknown identities of Bitcoin holders, and the potential risks of states allocating public funds to cryptocurrency investments.
Meet Our Guest, Jack Castonguay
https://www.linkedin.com/in/jack-castonguay-phd-cpa
https://www.hofstra.edu/faculty-staff/faculty-profile.html?id=6751Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch
Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds
Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd
Tue, 04 Mar 2025
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