Blake and David discuss a wealth of timely topics, including the risks of filing taxes electronically versus by mail, the impact of the 150-hour rule on diversity in the accounting profession, and how major accounting firms are turning to private equity funding to accelerate growth. They also explore news from the artificial intelligence space, including Google's unveiling of Gemini, as well as ADP's new AI assistant, and examine how deepfake video calls enabled the theft of $25 million.
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Chapters- (00:29) - Welcome to the show
- (03:24) - Finance worker pays $25 million after video call with a deep fake of company CFO
- (08:54) - Is QuickBook taking tax accountants' jobs?
- (16:23) - Three AI accounting startups raise money funding round
- (25:14) - Baker Tilly is now private-equity-owned
- (27:32) - How much do the Big 4 spend on lobbying?
- (31:52) - The Wall Street Journal's terrible opinion piece of E-filing
- (38:25) - 13 states are suing the IRS for direct file system
- (40:15) - MIT study on effects of 150-hour rule
- (46:28) - Dual licensed CPAs and CMAs earn almost $40k more per year
- (49:17) - Google releases Gemini and is retiring BARD
- (53:33) - ADP launches ADP Assist
- (56:48) - Gemini also now does AI art
- (59:25) - Thanks for listening and please fill out our survey
Show Notes
Finance Employee Defrauded for $25M by Deepfake CFO
Dual Certifications Mean Big Bucks for Accountants - CPA Practice Advisor
Baker Tilly US gets PE investment | Accounting Today
Big Four Lobby Congress on Accounting Pipeline, AI, Crypto
Beware of E-Filing Your Tax Return
QuickBooks Live Tax Update: Understanding QuickBooks customers use of tax prep services
Accounting software startup Pennylane becomes France’s latest unicorn | TechCrunch
Google’s Gemini is now in everything. Here’s how you can try it out.
Accounting body tells members to make annual pledge to be ethical
Platform Accounting Group gets $85M funding round
Finally, now with $10M, adds AI for better insight into small business accounting
AI Will Be Doing More Accounting If Startup Investors Have Their Way
ADP launches ADP Assist genAI assistant
Republican attorneys general denounce IRS free file pilot as rival to products like TurboTax
Higher tax filing costs could take a bite out of your refund
DataSnipper, startup that uses AI to eliminate some of the ‘dread’ in accounting, is valued at $1 billion in latest funding round
Platform Accounting Group Secures $85 million in Funding Led by Cynosure Group
Finally Raises $10 Million to Expand Small Business Automation Solutions
Finally, the AI-Powered Accounting & Finance Suite, Closes $10M Raise to Propel SMB Growth Forward
France gains a new unicorn as Pennylane raises €40m
QuickBooks Live Tax Update
Beware of E-Filing Your Tax Return
DataSnipper Raises $100M at $1B Valuation to Empower Auditors with AI
Big Four Lobby Congress on Accounting Pipeline, AI, Crypto
Finance worker pays out $25 million after video call with deepfake ‘chief financial officer’
I'm an Accountant and Here's Why I'd Never File My Taxes Online — Best Life
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The Accounting Podcast