Fired IRS Workers Reinstated, Rippling v. Deel, DOGE Cuts Consultants
The Accounting Podcast
Consulting Firms and the AI Revolution
This chapter examines the challenges faced by major consulting firms like Accenture as they deal with reduced government contracts and stock price declines. It mixes light-hearted engagement with significant discussions on the evolving role of technology, particularly AI, in finance and accounting. The chapter also touches on recent IRS workforce changes and their implications for tax collection efficiency.
Blake and David dive straight into the headlines, starting with the controversial IRS workforce cuts and their potential impact on tax collections. They examine corporate espionage allegations between payroll companies Rippling and Deel, including a complex web of legal battles, Russian connections, and political involvement, and go on to discuss how AI is rapidly improving at handling longer tasks. All this and much more, right now!
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Chapters
- (00:31) - Exciting Stories and Headlines
- (03:07) - Live Stream Shoutouts
- (05:08) - Earmark Podcast and CPE Credits
- (10:56) - IRS Workforce Cuts and Tax Gap
- (30:13) - Rippling vs. Deel Espionage Saga
- (41:20) - Evolve Bank and Trust Controversies
- (42:39) - Rippling and Deal Lawsuit Drama
- (42:57) - Political Connections and Scandals
- (44:31) - The Future of AI in Accounting
- (46:36) - AI Performance and Moore's Law
- (50:42) - AI's Impact on Accounting Tasks
- (54:43) - Live Demonstration with Claude AI
- (01:08:27) - The Future of Accountants in an AI World
- (01:20:45) - Conclusion and Upcoming Events
Show Notes
7,000 IRS workers ‘reinstated’ — but not yet returning to work
IRS Retreats From Some Audits as Agency Slashes Workforce
https://www.wsj.com/politics/policy/internal-revenue-service-doge-taxes-f00ac956
Opinion | With IRS cuts, DOGE would lose far more money ...
https://www.washingtonpost.com/opinions/2025/03/13/doge-irs-cuts-tax-revenue/
Former Defense Contractor and his Wife Indicted for Evading U.S. Taxes on Profits from Selling Jet Fuel to the U.S. Military
https://www.irs.gov/pub/irs-ci/j5-media-release-7-3-2024.pdf
Lawsuit Alleges $12 Billion "Unicorn" Deel Cultivated Spy, Orchestrated Long-Running Trade-Secret Theft & Corporate Espionage Against Competitor
IRS in Crisis: Tax Professionals Bear the Brunt
https://cpatrendlines.com/2019/02/26/taxpayer-advocate-lambastes-irs/
Measuring AI Ability to Complete Long Tasks
https://metr.org/blog/2025-03-19-measuring-ai-ability-to-complete-long-tasks/
Earmark Podcast – Ep. 87 - How to Use AI to Analyze Data and Draft Financial Reports in Minutes
https://share.transistor.fm/s/c86818f5
Earmark’s Screening of The Accountant 2
https://www.eventbrite.com/e/screening-of-the-accountant-2-tickets-1225264421869?aff=EarmarkApp
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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
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