Trump to Target IRS at Left-Leaning Groups & NASBA Needs An Audit

Oct 22, 2025

Discover the chaos of Paxos's accidental minting of $300 trillion in PayPal USD as experts delve into the implications for stablecoins. Political maneuvering emerges with plans to transform IRS Criminal Investigations under the Trump administration, while NASBA faces scrutiny over flawed CPA exam data. The debate heats up over forced AI rollouts in small businesses, and can AI really help a solo accountant juggle 300 clients? Join the conversation on the future of accounting amidst a talent shortage and changing examination standards!

Ask episode

AI Snips

Chapters

Transcript

Episode notes

INSIGHT

Weaponizing Tax Investigations

The Trump administration plans to install allies in IRS Criminal Investigations and limit legal oversight of sensitive probes.
Blake and David warn this politicizes tax enforcement and undermines checks and balances.

INSIGHT

NASBA Data Reliability Crisis

NASBA's 2024 CPA exam data contains missing and misclassified records, making the CPA Success Index unusable.
The professor calls for an audit and reconciliation of NASBA's reporting and internal controls.

ANECDOTE

QuickBooks AI Broke Core Workflows

A small business owner reported QuickBooks' forced AI rollout caused miscategorization, invoicing failures, and costly accountant troubleshooting.
The company says poor communication and no rollback made the update destabilize core cashflow functions.

Get the Snipd Podcast app to discover more snips from this episode

Get the app