Trump's Tax Plans, IRS PPS Fraud, & PCAOB Drama
Blake and David dive into the economic implications of Trump's election victory, including proposed tariffs that could significantly impact businesses and inflation. They explore potential tax changes under a new Trump administration, from corporate rate reductions to the elimination of the SALT cap. They also examines an alarming $47 million IRS fraud scheme targeting tax practitioners and debate the future of Bitcoin as speculation grows about a potential national Bitcoin reserve.
Chapters
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Chapters
- (00:00) - Welcome to The Accounting Podcast
- (03:05) - Avalara Crush Conference Insights
- (07:48) - AI and the Future of Tax Compliance
- (13:21) - Trump's Economic Impact
- (17:26) - Tariffs and Global Trade
- (25:40) - Tax Proposals and Implications
- (36:53) - Bitcoin's Meteoric Rise and Market Speculations
- (47:43) - AI Adoption in the Workforce
- (49:53) - IRS PPS Fraud: A Deep Dive
- (01:00:49) - PCAOB Drama and Audit Deficiencies
- (01:06:49) - BOI Reporting and AICPA's Response
- (01:10:33) - Closing Remarks and CPE Information
Show Notes
How Trump Won the Economy-is-Everything Election
How Will Trump’s Universal and China Tariffs Impact the Economy?
Which Workers Are Embracing AI?
Actions Were Not Taken to Timely Strengthen Practitioner Priority Service Telephone Line Authentication Controls
Fraudsters get $47 million from practitioner priority service line scheme
Freddie Freeman on World Series MVP, Ohtani Media Mayhem and His Surprising Backup Career | Ep 109
PCAOB board member complains of persecution by senators
AICPA to Congress: Delay needed in BOI reporting deadline
https://www.thetaxadviser.com/news/2024/nov/aicpa-to-congress-delay-needed-in-boi-reporting-deadline
New Development Re: BOI Reporting – 44 Congressmen Seek to Delay FinCEN Beneficial Ownership Reporting
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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