Blake and David tackle several key accounting industry developments, including a surprising 12% increase in undergraduate accounting enrollment and ongoing debates about IRS staffing and operations. They explore the potential impact of changes to Illinois's 150-hour CPA licensing rule, examine Elon Musk's controversial claims about government spending, and share insights about AI advancements in accounting firms.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Keeper - http://accountingpodcast.promo/keeper
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Rho - http://accountingpodcast.promo/rho
Chapters
- (00:00) - Welcome to The Accounting Podcast
- (03:37) - Government Employee Buyout Offer Update
- (09:24) - Undergraduate Accounting Enrollment Surge
- (12:38) - Illinois Proposes New CPA Pathways
- (14:25) - Elon Musk and IRS Direct File Controversy
- (18:16) - Doge's Access to Treasury Systems
- (26:53) - Tax Exemption on Tips: A Double-Edged Sword
- (30:19) - The Hidden Costs of Automation
- (38:03) - AI in Accounting: Current Innovations
- (47:03) - BDO Lawsuit: Inflated Revenues and ESOP
- (50:57) - Closing Remarks and Announcements
Show Notes
IRS Confirms Filing Season, Taxpayer Advocate Staff Exempted From Buyout
Undergraduate Accounting Enrollment Rose 12% in Fall 2024
https://www.aicpa-cima.com/news/article/undergraduate-accounting-enrollment-rose-12-in-fall-2024
Bipartisan State House Bill Would Create Additional Pathways to CPA Licensure in Illinois
Elon Musk creates confusion about IRS’ Direct File — but the free tax program is still available
https://apnews.com/article/irs-direct-file-musk-18f-6a4dc35a92f9f29c310721af53f58b16
About 18F
Elon Musk’s Team Now Has Access to Treasury’s Payments System
https://www.nytimes.com/2025/02/01/us/politics/elon-musk-doge-federal-payments-system.html
Trump Tax Proposals: Details & Analysis
https://taxfoundation.org/research/federal-tax/trump-administration-tax-proposals/
Agentic AI: Small steps, big aspirations at accounting firms
https://www.accountingtoday.com/news/agentic-ai-small-steps-big-aspirations-at-accounting-firms
WiseLayer Raises $7.2 Million for AI Agents for Accounting Teams
BDO Gets Accused of Inflating Revenue Ahead of the ESOP Again, This Time in a Class Action Lawsuit
Taxing times: New Adobe Acrobat survey reveals taxpayer stressors and solutions for making filing easier
Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com
Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch
Subscribe
- Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
- YouTube: https://www.youtube.com/@TheAccountingPodcast
- Spotify: http://cloudacctpod.link/Spotify
- Podchaser: http://cloudacctpod.link/podchaser
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://cloudacctpod.link/Overcast
Classifieds
Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let th...
Remember Everything You Learn from Podcasts
