David Leary
President and Founder, Sombrero Apps Company
Appears in 509 Episodes
DOGE Proves IRS Can Move 100X Faster Without Red Tape
What happens when a trade war meets bureaucratic red tape? In this episode, Blake and David dive into the explosive impact of 145% tariffs on Chinese goods and what it...
The Crazy Calc of Trump's Tariffs & How to Make Fake Receipts With AI
Could AI-generated fake receipts upend expense reporting as we know it? In this eye-opening episode, Blake and David demonstrate live how easy it's becoming to create ...
IRS Officials Claim Cuts Will Widen Tax Gap by $500 Billion
What happens when tax enforcement weakens? With 17% of millennials considering skipping their tax filing altogether, Blake and David dig into how IRS budget cuts might...
Fired IRS Workers Reinstated, Rippling v. Deel, DOGE Cuts Consultants
Blake and David dive straight into the headlines, starting with the controversial IRS workforce cuts and their potential impact on tax collections. They examine corpor...
How Trump's Pick to Run Medicare Paid No Medicare Taxes in 2023
This week on the pod: Judge orders 6 agencies (including IRS?) to rehire fired probationary workers, we dig into the tax trick Dr. Oz used to pay no Medicare taxes, AI...
IRS to Lay Off 50%, How Trump's Tariffs Are Working
How does a profession revitalize itself when salaries haven't budged since 2007? In this episode, Blake and David examine the shocking reality that Big Four audit asso...
Top 10 College Accounting Programs, PwC Israel Fined, Trump Names Crypto Reserve Coins
What happens when the US government considers creating a cryptocurrency reserve? In this episode, Blake and David dive into Trump's surprising announcement about estab...
IRS Layoffs, BOI Is Back, PCAOB Under Threat
Is the U.S. heading toward a financial cliff? In this eye-opening episode, Blake and David unpack the Government Accountability Office's sobering projection that feder...
DOGE Chaos, Reciprocal Tariffs, Deloitte Backs off DEI, AICPA Caves on 150
Today, Blake and David dive into the controversy surrounding DOGE's withholding federal funds and gaining access to Treasury payment systems. They also examine AICPA's...
Accounting Majors Up 12% & IRS Delays Buyout Offer
Blake and David tackle several key accounting industry developments, including a surprising 12% increase in undergraduate accounting enrollment and ongoing debates abo...
Will IRS Agents Take White House Buyout & TaxDome Leak Explained
Blake and David examine several significant developments, including TaxDome's data security incident, and the implications of China's DeepSeek AI model that caused Nvi...
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 ...
JPMorgan's RTO Drama, VC Love for Accounting and the Fall of Bench
Blake and David examine Bench's bankruptcy filing, revealing fascinating details about their spending patterns and challenges with the business model. They also explor...
Ohio Killed The 150-Hour Rule - Who's Next?
Blake and David dive into major industry news, including Ohio ending the 150-hour CPA rule, setting a potential precedent for other states. They also discuss the Black...
How H1-B Visas Suppress Accounting Salaries
Blake and David explore the controversial H-1B visa program's impact on the accounting profession, particularly how firms like Deloitte reportedly pay visa holders 10%...
BOI On Again Off Again, Bench Shuts Down, Dying Language of Accounting
Rounding out 2024, Blake and David tackle tons of accounting news, including bookkeeping startup Bench's shutdown and the ongoing BOI reporting requirements saga. They...
How Private Equity Could Hurt the Accounting Profession
Blake, David, and special guest ChatGPT examine the impact of private equity on accounting firms, looking at how PE ownership affects compensation and firm structures....
New IRS Commissioner Was An ERTC Peddler
Blake and David take a look at several significant developments in the accounting world, including Trump's controversial IRS Commissioner nomination of former Congress...
BOI Blocked | 57% of Firms Raising Prices | Creepy EY Bot
Congratulations to Blake for making Accounting Today's Top 100 Most Influential People list! Today, Blake and David dig into several significant developments in accou...
Macy's Thanksgiving Accounting Mystery
Blake and David examine the mysteries and motives surrounding the recent Macy's accounting scandal, where a single employee allegedly concealed $132-154 million throug...
DOGE Goes After TurboTax & Remote Work
Blake and David discuss Trump's proposed Department of Government Efficiency (DOGE) and its potential impact on tax filing and federal remote work policies. They analy...
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. T...
Sasan Apologizes to Accountants at Intuit Connect
Blake and David examine Sasan Goodarzi's apology and lukewarm reception regarding the recent controversial TurboTax ad campaign. They also take a look at Intuit's new ...
What Will Replace 150-Hour Rule? | EY CPAs Fired For Taking Too Much CPE
In this episode, Amber Setter returns to discuss the AICPA and NASBA's newly proposed competency-based pathway to CPA licensure, offering a 150-hour-rule alternative. ...
Why Trump Will Win & AICPA Has a New President
Blake and David examine why Trump may win in 2024, discussing immigration's economic impact on working-class wages and how this could affect voting patterns, particula...
NATP Breaks Up with Intuit & Fat Joe vs. BDO
Blake and David touch on several hot topics in the accounting world, including the fallout from Intuit's controversial TurboTax ad, and the National Association of Tax...
OpenAI's Insane Entity Structure
Blake and David look into OpenAI's complex entity structure and potential conversion from nonprofit to for-profit, highlighting the significant financial implications....
Intuit Attacks Tax Pros & IRS Can't Measure Audit Rate
Blake and David discuss a controversial TurboTax ad campaign encouraging people to "break up" with their tax professionals, analyze survey data on AI adoption in accou...
TikTok Tactics and Four-Day Workweeks
Blake and David meet with Natalie Lennon, the Australian accountant known as the "Queen of TikTok" in accounting circles. Natalie shares her experiences at Xerocon Nas...
Remote Work Going Away or Here to Stay?
Blake and David examine the evolving landscape of remote work, discussing recent trends and their impact on productivity and employee well-being. They also explore the...
