The Accounting Podcast

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.

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

 

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

Stripe Agrees to Acquire OpenRouter to Help Businesses Optimize Token Routing and Usage

From Accounting Major and Frat Brother to Suspected of Being Penn State's Largest Drug Dealer

Accounting Student Appointed to the New Mexico Public Accountancy Board

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