Exploring the Efficiency Gains of AI Tools in Accounting Firms

Blake and David discuss the Lyft financial typo that sent its stock price soaring. They also examine how AI-powered help desks and customer service are improving efficiency by 10-20%, and look at some alternatives to the pesky 150-hour rule. Other news includes the future of commercial real estate taxes, the use of AI tools to monitor employee communications, and how the IRS plans to collect over $500 billion more in owed taxes.

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• (00:39) - David asks Blake to guess the profession
• (07:25) - Lyft's earnings report typo
• (14:36) - Trump found guilty!
• (23:08) - The City of Boston could lose over $1 billion from commercial real estate taxes
• (29:24) - How are some companies using generative AI to improve their businesses?
• (37:11) - Companies using AI to monitor employee messaging
• (40:20) - New Jersey CPA Society talks 150-hour rule
• (52:21) - The IRS is collecting $500 billion more in taxes
• (54:04) - Thanks for listening, leave us a review and Earn Free CPE

Show Notes

How Walmart, Delta, Chevron and Starbucks are using AI to monitor employee messages

Lyft's Extra Zero Puts Focus on Corporate Controls: Explained

$1,741 Is the Average Tax Refund So Far, IRS Says

IRS aims to close 'inequity gap' for unpaid taxes. How the agency targets top earners for audit

As A New Tax Filing Season Kicks Off, We Look at the IRS Efforts to Improve Customer Service and the Audits of Two Very Different Kinds of Taxpayers               

Trump civil fraud case: Judge fines Trump $354 million, says frauds 'shock the conscience'                

How WeWork became the largest tenant in Boston           

In biggest office lease of the year, Deloitte plans move to Winthrop Center             

Lyft CEO addresses major typo in earnings report 

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Transcripts

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