The Accounting Podcast

Is AI about to break the billable hour? Blake and David unpack what they heard at a major AI tax summit, where new tools promise to prepare complex returns in minutes instead of hours. They also debate Intuit’s stock slide, Trump’s extraordinary IRS settlement, and what shrinking oversight at the PCAOB could mean. You’ll hear where AI is already changing accounting—and where humans still matter most.


Chapters

• (00:00) - TAP 489
• (02:24) - Blackor AI Tax Summit
• (03:14) - AI Agents Disrupt Tax
• (07:16) - Billable Hour Pressure
• (09:00) - Advisory Future Forecast
• (10:14) - Intuit Stock Shock
• (12:29) - TurboTax vs Tax Pros
• (17:31) - Intuit Layoffs Strategy
• (20:04) - Trump IRS Settlement
• (24:59) - PCAOB SEC Shakeup
• (27:33) - OnPay Payroll Pitch
• (28:42) - IRS Mystery Payments
• (30:48) - Busy Season Burnout
• (33:35) - California SaaS Tax Plan
• (34:54) - Big Four AI Hallucinations
• (36:48) - Are Consultants Replaceable
• (40:03) - AI Job Loss Chart
• (43:50) - Maxima Close Automation
• (45:12) - Musk Tax Return Training
• (46:03) - SpaceX IPO Breakdown
• (50:11) - CPE and Listener Q&A
• (52:51) - Wrap Up and Shoutouts

 

Intuit Lays Off 3,000 Employees Amid AI Push

U.S. Government Agrees to Drop Tax Claims Against Trump in Broadening of IRS Settlement

DOJ Settlement 'Forever' Bars IRS Trump Audits, Sparks Backlash

U.S. Audit Watchdog Should Rescind Its Independence Rules, SEC Official Says

The SEC's New SOX Group – Potential Impacts for Audit Firms, Their Professionals, and Future PCAOB Enforcement

IRS to Develop System to Track Missing Payments, TIGTA Says

78% of Tax Pros Say Tax Season Negatively Impacts Personal and Professional Life

California Proposes Tax on All Digital Software Sales

EY Gets Busted and Yeets Cybersecurity Report Littered With AI Hallucinations

Investigation: Hallucinations in Ernst & Young Report on Loyalty Fraud

Is AI Putting Graduates Out of Work Already?

Musk's xAI Fails to Pay Staff $420 for Giving Tax Returns to Grok

SpaceX Files for IPO

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