The Accounting Podcast The HIRE Act Would Tax Firms 25% for Offshore Labor
Sep 18, 2025
Blake and David dive into the proposed HIRE Act, which could impose a hefty 25% tax on offshore labor. They discuss the impact of AI on recruitment at major firms, like PwC's reduced graduate hiring. The conversation shifts to the consequences of poor financial advice from social media and reveals a shocking fraud case involving The Epoch Times. Additionally, they explore practical strategies for AI implementation in accounting beyond basic chatbots. A mix of potential challenges and industry transformations keeps the insights fresh and engaging!
AI Snips
Chapters
Transcript
Episode notes
66-Year-Old Joins LSU Marching Band
- Kent Boussard, 66, enrolled at LSU and trained to join the marching band, achieving a long-held dream.
- He prepared with weighted-vest practice and now studies as a student to remain eligible.
HIRE Act Could Dramatically Raise Outsourcing Costs
- The HIRE Act would impose a 25% excise tax and disallow deductions on payments to foreign service providers.
- That combination could raise outsourcing costs dramatically and reshape firms' offshoring economics.
Onshoring Faces Worker And Inflation Constraints
- Repatriating offshore work faces a skills and supply mismatch in the U.S. workforce.
- Forcing onshore work could create inflation and favor large firms that can build low-cost domestic centers.