The Accounting Podcast

What if one tax break could give your child a head start or hand them a pile of money at 18? Blake and David unpack the new Trump accounts, who should use them, and why advisors are split. They also dig into Australia’s latest Big Four scandal, worsening IRS service, AI’s growing role in tax and training, and what these shifts mean for accountants, firms, and clients.


Chapters

• (00:00) - TAP 495
• (01:40) - Sponsor Break OnPay
• (03:11) - Trump Accounts Basics
• (04:39) - Risks Versus 529 Plans
• (08:46) - Roth Conversion Strategy
• (11:27) - Big Four Scandals Australia
• (15:02) - Sponsor Break Canopy
• (16:26) - Coca-Cola Transfer Pricing Fight
• (21:38) - IRS Data Sharing Mess
• (23:41) - Tax Season Report Card
• (26:25) - IRS Help Centers Secret Shop
• (28:31) - Sponsor Break Value Builder
• (29:47) - IRS Chatbots Gone Wrong
• (30:36) - IRS Chatbot Failures
• (31:37) - Nonprofit Enforcement Push
• (33:29) - Is Nonprofit Fraud Real
• (36:27) - Sponsor Cloud Staffing
• (37:46) - California Billionaire Tax
• (42:01) - Florida Property Tax Shakeup
• (45:56) - AI Changes Teamwork
• (49:12) - AI Automates CPE Reporting
• (52:17) - KPMG Tax Training Simulator
• (56:15) - Accounting Firms Robbed
• (57:10) - Wrap Up and CPE Plug

 

Why advisors do and don't recommend Trump accounts

The Trump Accounts rollout is the biggest advisory opportunity most accountants are missing

Australia weighs break-up of Big Four accounting firms after scandals

EY staffer fired after allegedly accessing Prime Minister's bank account

Coca-Cola Meets Sympathetic Judges in $20 Billion IRS Case

TIGTA: IRS Has Data-Sharing Pacts with Over 1,120 Organizations, Some of Which It Can't Identify

National Taxpayer Advocate issues 2026 mid-year report to Congress

IRS Taxpayer Assistance Centers provided wrong answers to tax questions

IRS chatbot results may be wrong

IRS gives tax-exempt groups closer scrutiny

2026 California billionaire tax initiative

Semantic schism: Ron DeSantis rebukes Wall Street Journal jab at 'progressive' property tax measure

KPMG Turns to AI Simulations to Replace Years of Repetitive Tax Training as Automation Reshapes White-Collar Work

Three suspects sought after accounting firm robbery in Markham

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

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.

Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.

Check out our new website - accountingconferences.com

TeePublic Store: http://cloudacctpod.link/merch

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

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