I Don't Pay 30% Sales Taxes, Right?

The House Republicans have put forth a bill that would do away with the IRS entirely and the current tax system. The next episode of the federal tax updates podcast, which should drop on Monday morning, will get into why these decisions are made. David Bianculli: Have you heard about this Adani short seller? Do you spell that? What's that mean?

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

We dissect the AICPA's plan; Short seller Hindenburg Research reports that Adani Group had 23 and 24 year-old auditors sign off on financials. WSJ asks: "How can we make accounting cool?"; Biden vows to veto GOP plan to abolish the IRS; CPA exam takers down 25% since 2018; IRS too busy to replace old computers, suspends project

Sponsors
OnPay - https://cloudaccountingpodcast.promo/onpay
Relay - https://cloudaccountingpodcast.promo/relay
First Republic Bank - https://cloudaccountingpodcast.promo/firstrepublic

Need CPE?

Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com
Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe

(00:00) - Thank you to our sponsor, OnPay
(00:19) - Preview:
(01:01) - Introduction and some of what we'll cover this episode
(03:13) - NPR Marketplace interview with Adrienne Gonzalez and the struggle to find accountants
(10:30) - AICPA's town hall
(16:43) - Thank you to our sponsor, OnPay
(18:01) - Checking in on our live chat
(21:12) - Matt asks for ideas on how he should obtain his 150 hours
(27:47) - Thank you to our sponsor, Relay
(29:55) - Accounting Today article on CPA exam pass rates falling in 2022
(35:59) - GAO says IRS gave up on computer systems upgrade
(39:49) - Thank you to our sponsor, First Republic Bank
(40:35) - Republican bill to abolish the IRS
(43:15) - Lets talk about Adani Group's auditors
(46:20) - Tether releases latest attestation report
(48:51) - Nikole's voicemail and the Accounting High bracket
(51:32) - Company holds "funeral" for QuickBooks
(53:35) - Blake reads some listeners comments and feeback
(58:05) - Wrap up and the CAP is going ti Expensicon!
(59:46) - Classifieds
(59:48) - Client Hub
(01:00:24) - RightTool
(01:00:46) - Federal Tax Updates Podcast
(01:01:59) - How to advertise in these classifieds