Introduction

Blake Oliver: The one app that I've had not any problems with is on pay. Stay tuned to hear more from our sponsor on pay later in the episode. We're going to see more and more partnerships turn into corporations just because it's easier. It's really hard to forget like did I get my value or not? Do I want to spend this or could I just eat the buffet for free?

Transcript

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Episode notes

In this episode, Blake and David examine the story of the 15-year-old who recently passed the CPA exam, as well as recent news involving accounting firms transitioning to corporations, AI investments, and new laws concerning AI hiring. They also cover several tech stories related to accounting, problems with client portals, and much more!

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Chapters

(00:04) - Preview: Accounting firms will transition to corporations
(01:00) - Blake and David are back from their trips
(05:03) - A 15-year-old in Mississippi has passed the CPA exam
(07:00) - Jennifer asks about TAP's TurboTax Live Business experience
(10:05) - Mackenzie's voicemail re: accounting shortage
(18:37) - BDO USA is shifting from a partnership to a corporation
(20:55) - EY officially announces it has called off "Project Everest" but is still the number one US audit firm for public companies
(24:25) - M365 Co-Pilot updates
(29:50) - Thomson Reuters announces $100 million per year AI investment
(32:04) - Avalara launches a sales tax calculator in ChatGPT
(36:17) - Gusto hires former head of data science and analytics from Google
(37:09) - Taxfyle releases AI tax-prep bot
(39:04) - New York announces new AI law for hiring
(44:15) - A few more quick tech stories and the problems with client portals
(47:06) - Wrapbook wrap-up
(51:45) - Where to reach David and Blake