Episódios
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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(33:08) - Chief Accountant at the SEC(40:11) - Smart Moves by Congress: Nonprofit Pay Scales(40:44) - The Impact of Budget Cuts on PCAOB(41:34) - Challenges in Government Oversight(42:02) - Senate's Big Bill: Key Changes and Controversies(46:25) - Tax Implications and Political Dynamics(52:42) - Business Deductions and Higher Education(55:40) - AI in Accounting: Transforming the Big Four(57:37) - The Future of Accounting Education(01:02:10) - AI's Role in Auditing and the Future Workforce(01:05:19) - The Impact of Automation on Jobs and Society(01:15:48) - 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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Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
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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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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
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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
https://www.sage.com/
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? 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
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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
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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?
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? 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
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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
Sign up to get free CPE for listening to this podcast
https://earmarkcpe.com
https://earmark.app/Earn CPE for this episode
https://earmark.app/c/2542
Download the Earmark CPE App
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
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/ -
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(39:48) - Excel vs AI in Finance(42:42) - The Rise of Excel: A Brief History(43:44) - Introducing Perplexity AI: A Versatile Tool(53:56) - Alternative CPA Pathways and Legislative Changes(55:07) - The Role of the PCAOB in Audit Quality(59:25) - Controversies Surrounding IRS Commissioner Nominee Billy Long(01:03:59) - The Future of Accounting Internships and Outsourcing(01:20:20) - Perplexity's Onboarding Process: Results and Insights(01:24:38) - 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/
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? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website -
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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.
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
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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
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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
https://www.cpapracticeadvisor.com/2025/05/22/do-americans-support-trumps-big-beautiful-budget-package-what-poll-found-before-it-passed-in-house/161567/
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
https://www.entrepreneur.com/business-news/tesla-exec-receives-record-pay-package-highest-paid-cfo/491938
Tesla CFO Vaibhav Taneja draws record $139 million salary
https://americanbazaaronline.com/2025/05/21/tesla-cfo-vaibhav-taneja-draws-record-139-million-salary-462881/
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
https://www.cfodive.com/news/invoice-rejection-spike-suggests-tactics-use-as-tariff-buffer-study-says/748528/
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
https://www.cfo.com/news/the-corporate-work-week-grows-even-longer-survey-microsoft-reclaim-ai-/748628/
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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.
Sponsors
REFRAME 2025 - http://accountingpodcast.promo/reframe2025
TeamUp - http://accountingpodcast.promo/teamup
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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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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 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(01:01:36) - Consolidation in Accounting Tech: Xero and Bill.com(01:03:43) - Gusto Expands into AR and AP(01:12:02) - 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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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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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 availa...
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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
https://www.goingconcern.com/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
https://www.cfodive.com/news/broadening-cpa-licensure-paths-marching-beyond-150-hour-rule-accounting-talent-shortage/745282/
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
https://www.mckinsey.com/capabilities/geopolitics/our-insights/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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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.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top o...
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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
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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
https://www.intuit.com/blog/news-social/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
https://insightfulaccountant.com/accounting-tech/general-ledger/xero-rolls-out-new-reconcile-period-feature/
Xero introduces new Model Context Protocol server for smarter accounting
https://devblog.xero.com/xero-introduces-new-model-context-protocol-server-for-smarter-accounting-4d195ccaeda5
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
https://pipe.com/resources/press-releases/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
https://cloud.google.com/blog/products/ai-machine-learning/google-agentspace-enables-the-agent-driven-enterprise
Sarah Friar’s LinkedIn Post …
https://www.linkedin.com/posts/sarah-friar_what-an-ai-powered-finance-function-of-the-activity-7259765674506399744-IKQD
OpenAI CFO Sarah Friar: We are building a lot of IP down into the data center layer
https://www.cnbc.com/video/2025/03/20/openai-cfo-sarah-friar-we-are-building-a-lot-of-ip-down-into-the-data-center-layer.html
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...
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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(20:08) - Tariffs and Trade Wars(29:19) - Impact of Tariffs on Businesses(47:55) - Economic Impact of Tariffs and Debt(48:48) - Trump Administration's Strategic Challenges(49:36) - Job Loss Projections Due to Tariffs(52:31) - China's Economic Transformation and Future(56:05) - Human Impact of US-China Trade Policies(01:00:10) - IRS Sharing Tax Information with Homeland Security(01:04:28) - Private Equity's Influence on CPA Firms(01:17:51) - Shopify's AI Hiring Policy(01:30:47) - 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?
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.
Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.
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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?
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
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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
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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
https://www.reuters.com/business/autos-transportation/stellantis-says-will-temporarily-lay-off-900-us-workers-following-tariff-2025-04-03
Modernizing Payments To and From America’s Bank Account
https://www.whitehouse.gov/presidential-actions/2025/03/modernizing-payments-to-and-from-americas-bank-account/
The Trump Administration Accidentally Texted Me Its War Plans
https://www.theatlantic.com/politics/archive/2025/03/trump-administration-accidentally-texted-me-its-war-plans/682151/
@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
https://www.cfo.com/news/probationary-irs-workers-will-be-back-to-work-before-tax-day-trial-balance/744419/
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
https://www.cfodive.com/news/georgia-joins-growing-band-states-pass-cpa-licensure-laws-accounting-talent-shortage/744384/
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
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 fa...
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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(33:56) - LA's Budget Crisis(37:41) - Federal Government Spending Issues(38:45) - Medicaid Duplicate Payments Scandal(47:12) - Tether's Audit Controversy(51:55) - Tesla's Financial Discrepancies(57:33) - Big Four Transparency Rankings(59:24) - 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
https://www.cpapracticeadvisor.com/2025/03/26/survey-some-americans-might-roll-the-dice-on-not-filing-their-taxes-this-year-due-to-irs-job-cuts/157877/
Most Americans Are Interested in Using IRS Direct File to Prepare and File Their Taxes
https://taxpolicycenter.org/briefs/most-americans-are-interested-using-irs-direct-file-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
https://www.cpapracticeadvisor.com/2025/03/11/survey-91-of-americans-think-filing-taxes-should-be-free/157176/
Why you should think twice before claiming an income-tax extension. ‘This is not the year to do your normal procrastinating.’
https://www.marketwatch.com/story/why-you-should-think-twice-before-claiming-an-income-tax-extension-this-is-not-the-year-to-do-your-normal-procrastinating-89937e0d
LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs
https://www.bloomberg.com/news/articles/2025-03-20/la-faces-1-billion-budget-hole-warning-thousands-of-layoffs
WSJ investigation: Medicaid paid health insurers billions by covering the same patients twice
https://www.risehealth.org/insights-articles/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
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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Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.y... -
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
https://www.journalofaccountancy.com/news/2025/mar/7000-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
https://www.rippling.com/blog/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
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.
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
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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
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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?
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.
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
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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/OvercastClassifieds
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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
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