- 57 minutes 47 secondsTips 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
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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 CPE
Show 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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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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25 September 2026, 8:00 pm - 49 minutes 9 secondsFeds 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 CPE
Show 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.
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18 September 2026, 6:00 pm - 1 hour 11 minutesEY 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 Up
Show 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.
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Transcripts
Th...
10 September 2026, 9:00 pm - 1 hour 15 minutesTurboTax 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 CPE
Show 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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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...
2 September 2026, 5:00 pm - 1 hour 3 minutesRogue 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.
Sponsors
Canopy - http://accountingpodcast.promo/canopy
Thomson Reuters - http://accountingpodcast.promo/taxautomation
OnPay - http://accountingpodcast.promo/onpay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
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 Up
Show 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
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
27 August 2026, 2:00 pm - 1 hour 9 minutesNVIDIA 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 CPE
Show 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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19 August 2026, 4:00 pm - 1 hour 13 minutesPwC Cuts Disney & The Uncertain Career Path for CPAs
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 Thanks
Show 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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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
13 August 2026, 11:00 pm - 57 minutes 22 secondsGrant 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 500
Show 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
Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: ...4 August 2026, 4:00 pm - 1 hour 1 minuteIRS 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 Us
Show 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
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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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
31 July 2026, 4:00 pm - 1 hour 7 minutesHow 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 Info
Show 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
Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
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.
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/ApplePodcasts
- YouTube: https://www.youtube.com/@TheAccountingPodcast
- Spotify: http://cloudacctpod.link/Spotify
- Podchaser: http://cloudacctpod.link/podchaser
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://cloudacctpod.link/Overcast
Classifieds
REFRAME 2026 - http://accountingpodcast.promo/reframe2026
Flowglad - https://cal.com/team/flowglad/flowgladWant 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 classi...
25 July 2026, 7:00 pm - 1 hour 2 minutesHow 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 Farewell
Show 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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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 @Dav...
17 July 2026, 7:30 pm - More Episodes? Get the App