Who Gets No Tax on Tips, Why Firms Struggle With Tech, Xero Updates
The Accounting Podcast
Transformation of QuickBooks Conference into Intuit Connect
This chapter explores the transition from the QuickBooks conference to Intuit Connect, emphasizing its shift towards attracting larger accounting firms. It also includes personal updates from speakers, such as the announcement of a new book focused on sustainable accounting practices.
Are AI “super agents” like Xero’s Jax actually useful—or just shiny chatbots? Blake and David unpack Xerocon announcements, why embedded agents lack context, smarter way to automate bank feeds with rules, the leaked “no tax on tips” job list and planning opportunities, IRS staffing whiplash, plus what billion‑dollar AI pledges from big firms really mean. Walk away with practical steps to deploy AI that saves hours without losing control.
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Chapters
- (00:00) - Introduction and Podcast Overview
- (00:45) - Continuing Professional Education (CPE) Credits
- (03:20) - Live Stream Interactions and Coffee Talk
- (04:09) - Upcoming Deadlines and Tax Season Tips
- (05:52) - Upcoming Conferences and Events
- (14:48) - Blake's New Book Announcement
- (24:27) - No Tax on Tips Discussion
- (28:57) - IRS Workforce Challenges
- (31:41) - State Tax Implications for NFL Players
- (36:22) - Xero Con and AI Financial Super Agent
- (37:51) - Analyzing Gross Profit Trends
- (39:43) - Limitations of AI in Accounting
- (42:12) - AI-Powered Bank Reconciliation
- (49:47) - Automating Invoice Creation with AI
- (55:01) - Grant Thornton's AI Investment
- (01:02:16) - The Future of AI in Accounting
- (01:13:03) - AI's Impact on Accounting Jobs
- (01:21:26) - Implementing AI in Accounting Firms
Show Notes
Treasury names jobs for Trump's 'no tax on tips' deduction
https://www.cnbc.com/2025/09/03/treasury-trump-no-tax-on-tips-jobs.html
Scoop: List of jobs covered by Trump's "no tax on tips" (See if you qualify)
https://www.axios.com/2025/09/01/no-tax-on-tips-jobs-trump-bill
Workers in 68 occupations may soon be exempt from paying taxes on tips, including some surprising jobs
https://www.cbsnews.com/news/no-tax-on-tips-trump-big-beautiful-bill-68-occupations-heres-who/
IRS is canceling its layoff plans, will ask some it fired or pushed out to return
https://www.govexec.com/workforce/2025/08/irs-canceling-its-layoff-plans-will-ask-some-it-fired-or-pushed-out-return/407620/
The IRS is Downsizing: Key Divisions Most Affected in 2025
https://sandbergphoenix.com/the-irs-is-downsizing-key-divisions-most-affected-in-2025/
Grant Thornton Advisors investing $1 billion to arm the multinational workforce across its platform with powerful AI tools and technology
https://www.businesswire.com/news/home/20250904414830/en/Grant-Thornton-Advisors-investing-$1-billion-to-arm-the-multinational-workforce-across-its-platform-with-powerful-AI-tools-and-technology
Grant Thornton Advisors to Sink $1 Billion Over Three Years on AI
https://www.cpapracticeadvisor.com/2025/09/05/grant-thornton-advisors-to-sink-1-billion-over-three-years-on-ai/168500/
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Transcripts
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