The Accounting Podcast Will IRS Agents Take White House Buyout & TaxDome Leak Explained
Blake and David examine several significant developments, including TaxDome's data security incident, and the implications of China's DeepSeek AI model that caused Nvidia's stock to drop. They also dig into the White House's federal employee buyout offer that could impact IRS staffing levels and break down key findings from Accounting Today's 2025 Year Ahead survey about trends in remote work, tech spend, and AI adoption in accounting firms.
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Chapters
- (00:24) - Introduction and Episode Overview
- (01:41) - Listener Shoutouts and Engagement
- (02:31) - Sports Banter and Mood Check
- (03:22) - Live Stream Interaction
- (05:11) - TaxDome Data Incident Discussion
- (22:24) - White House Buyout Offer for Federal Employees
- (31:26) - DeepSeek AI Model and Market Impact
- (36:24) - Exploring Perplexity's New DeepSeek R1 Model
- (36:58) - Comparing Reasoning Capabilities: R1 vs. ChatGPT
- (38:10) - The Google Search Analogy
- (39:16) - Concerns Over Unverified Financial Information
- (40:32) - Running AI Models on Personal Hardware
- (41:00) - Cost Implications for Businesses Using AI
- (42:59) - Innovation in Large vs. Small Firms
- (45:33) - Reforming the IRS: A New Approach
- (48:36) - Addressing the Accountant Labor Shortage
- (49:32) - Accounting Trends for 2025
- (57:00) - The Role of AI in Accounting Tools
- (59:56) - Frustrations with Current Accounting Software
- (01:05:33) - Final Thoughts
Show Notes
Deepseek R1 Explained by a Retired Microsoft Engineer
https://www.youtube.com/watch?v=r3TpcHebtxM
China’s DeepSeek AI dethrones ChatGPT on App Store: Here’s what you should know
https://www.cnbc.com/2025/01/27/chinas-deepseek-ai-tops-chatgpt-app-store-what-you-should-know.html
TaxDome reports security incident, says no sensitive data exposed
https://www.accountingtoday.com/news/taxdome-reports-data-breach
Reporting system error official post-mortem
TaxDome Post from Caleb Jenkins’ LinkedIn
Trump administration offers roughly 2 million federal workers a buyout to resign
Trump suggests sending IRS agents to the border
https://www.yahoo.com/news/trump-suggests-sending-irs-agents-233900348.html
Accounting in 2025: The year ahead in numbers
https://www.accountingtoday.com/list/accounting-in-2025-the-year-ahead-in-numbers
Top 10 AI accounting tools every business needs in 2025
https://www.accountancyage.com/2025/01/24/top-10-ai-accounting-tools-every-business-needs-in-2025/
Xero's new tagline: 'Your business supercharged'
https://www.accountingtoday.com/news/xero-announces-new-tagline-your-business-supercharged
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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