TikTok & IRS Direct File Saved; Trump Issues Own Currency

Blake and David jump into the latest news, including the launch of Trump's own cryptocurrency and KPMG's expansion into legal services in Arizona, taking advantage of new rules allowing non-lawyers to own law firms. They also examine the Treasury Department's Chinese hack attack, South Carolina's $1.8 billion accounting error resolution, and Trump's proposed External Revenue Service.


Chapters
  • (00:48) - Trump's TikTok Saga
  • (03:35) - Live Stream and CPE Credits
  • (04:48) - Trump's Cryptocurrency Launch
  • (06:54) - Sage AI Data Leak Incident
  • (12:27) - Relay Sponsorship and Banking Solutions
  • (14:13) - Trump's Cryptocurrency Impact
  • (28:06) - Direct File and IRS Developments
  • (32:45) - KPMG Enters Legal Services
  • (38:51) - Tax Bandits: Streamlining Your Tax Season
  • (39:50) - Legal Document Automation with AI
  • (41:04) - South Carolina's $1.8 Billion Accounting Error
  • (45:56) - Trump's External Revenue Service Proposal
  • (49:54) - Chinese Hackers Breach U.S. Treasury
  • (56:51) - FDIC Sues Silicon Valley Bank Executives
  • (01:04:39) - American Express Settles for $230 Million Over Bad Tax Advice
  • (01:08:28) - Testing Google's Gemini Advanced for Tax Research
  • (01:12:17) - Earn Free CPE Credits with Earmark
  • (01:14:22) - Conclusion and Live Stream Announcement
 

Show Notes
TikTok restores US service after Trump says “we have to save it”
 
Donald and Melania Trump debuted meme coins, $Trump and $Melania. Here's what to know.
 
KPMG’s Bold Move: How Arizona’s ABS Rules Are Reshaping the U.S. Legal Landscape
 
IRS Direct File set to expand availability in a dozen new states and cover wider range of tax situations for the 2025 tax filing season
 
Sage Copilot grounded briefly to fix AI misbehavior
 
FDIC sues 17 former Silicon Valley Bank executives over collapese
https://www.cnn.com/2025/01/16/business/fdic-sues-svb-executives-directors-intl-hnk/index.html

FDIC sues former SVB execs over bank closure
 
SoftBank-Backed Fish Firm Allegedly Faked Most of Its Sales
 
American Express to pay $230 million to settle US charges over deceptive sales practices
 
U.S. Sanctions Chinese Cybersecurity Firm Over Treasury Hack Tied to Salt Typhoon
 
SC auditor resigns after outside audit found $1.8 billion ‘surplus’ was actually an accounting error

Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com

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 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

Subscribe

Classifieds
Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Creators and Guests

David Leary
Host
David Leary
President and Founder, Sombrero Apps Company
TikTok & IRS Direct File Saved; Trump Issues Own Currency
Broadcast by