AI will hasten the end of the billable hour

Will IRS agents have to watch OnlyFans to police the new “no tax on tips” deduction? Blake and David unpack the wild twist: a study showing that women-led audit teams deliver higher-quality work at lower fees, and why AI could finally kill the billable hour. They hit PCAOB’s AI/PE crackdown, KPMG’s AI exam cheating, AI‑written financial reports, Meta’s off‑balance‑sheet data center, the IRS Math Act, and new child investment accounts. Walk away with policy context and practical tech takeaways.

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• (01:15) - New Tax Deduction for Digital Content Creators
• (02:27) - IRS Agents and OnlyFans Content
• (04:39) - IRS Telework Policy Changes
• (06:15) - Earmark CPE and Listener Interaction
• (09:25) - President's Statement on Federal Income Tax
• (13:15) - IRS Math Act and Senator Justice's Tax Issues
• (16:03) - Trump Accounts and PCAOB Scrutiny on AI
• (24:20) - Audit Quality and Gender Diversity
• (28:30) - KPMG AI Cheating Scandal
• (30:51) - AI's Impact on Time Savings in Various Industries
• (32:56) - The Role of AI in Accounting and Its Limitations
• (34:26) - AI in Financial Reporting and Business Processes
• (36:44) - The Decline of the Billable Hour Due to AI
• (47:01) - Meta's Controversial Accounting Practices
• (50:56) - Pilot's New Partner Program for Accountants
• (58:58) - Conclusion and Final Thoughts

Show Notes

Coming soon!

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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