The Accounting Podcast

Improving The Image of Accounting

Sep 6, 2023

AI and voice cloning technology expert, Ryan Lazanis, discusses the applications of AI in accounting such as extracting information from emails and documents, AI-powered tax analysis tools, and enhancing advisory services. The podcast also covers issues with spam and scams in QuickBooks support, the need for more granular requirements in accounting services, and specialized education in tax. Other topics include changing the negative perception of accounting, the connection between ESG and working conditions, IRS employees' ties to corporations and auditors, and solutions for accounting firms.

01:11:42

Creator website

Episode guests

Ryan Lazanis

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Liveflow is a QuickBooks online app that saves time for accountants and bookkeepers, emphasizing its advantages for firms in the outsourced accounting segment.

The podcast highlights the need for more certified public accountants (CPAs) to maintain professional standards and protect the public, showcasing the importance of Liveflow and ethical behavior in the profession.

The episode explores the role of technology and artificial intelligence (AI) in accounting, showcasing how AI can automate services, create new services, and assist in advisory work.

Deep dives

Podcast discusses the growth of Liveflow and its benefits for accountants and bookkeepers

Liveflow is highlighted as a unique QuickBooks online app that saves time for accountants and bookkeepers. Its features and success stories are discussed, emphasizing the advantages it provides for firms. The podcast episode delves into the importance of Liveflow in the outsourced accounting segment and highlights the need for more certified public accountants (CPAs) to maintain professional standards and protect the public.

Introduction

2min

AI and Ethics in the Accounting Profession

16min

Accounting Podcast Sponsor Ad and Discussion of Danielle Booker's Wheel of Fortune Appearance

2min

Changing the Image of Accounting

11min

The Intersection of ESG and Working Conditions in Accounting

3min

IRS Employees' Ties to Corporations and Auditors

13min

Exploring Communication Methods and Introducing Forwardly Sponsor

2min

Exploring the Use of Chat TPTs for Tax Calculation and the Potential of AI in Tax Planning

2min

Scams and Fraudulent Practices in QuickBooks Support

17min

10.

Sponsorships and Solutions for Accounting Firms

3min

We’ve got an AI-packed episode this week! Ryan Lazanis demonstrates how AI and voice cloning technology can be utilized to streamline the analysis of financial statements. Blake and David examine various applications of AI in accounting, including tools for extracting key information from emails and documents, an AI-powered tax analysis tool, and the potential for AI to enhance advisory services. They also dig into some issues related to spam and scams in QuickBooks support, emphasizing the need for more granular requirements for accounting services and specialized education in areas like tax and much much more!

Sponsors
LiveFlow - http://accountingpodcast.promo/liveflow
Zoho - http://accountingpodcast.promo/zoho
Forwardly - http://accountingpodcast.promo/forwardly

Chapters

(00:00) - TAP 348
(01:02) - Preview: Why we need more CPAs
(01:45) - David finally gets with the TSA Pre program
(03:20) - Using ChatGPT to write a Medicare appeal letter
(04:41) - Chad took Beginning Walk/Jog to finish out his 150 hours
(10:03) - Reflecting on the Unique CPA Bridging The Gap 2023 Conference
(12:58) - Blake renewed his CPA license with 3 minutes to spare!
(18:49) - Professor pumps accounting on Wheel of Fortune
(24:14) - Accounting can make for a flexible lifestyle
(25:07) - ABC News investigates the Big Four in Australia
(34:21) - Is there a revolving door between Intuit employees and the IRS?
(38:54) - Using AI to automate a P&L walkthrough video
(48:41) - Doing tax research with AI
(52:26) - Annoucing the "Unofficial QuickBooks Accountants Podcast"
(54:00) - QuickBooks support scammer caught and punished
(57:20) - Sean asks: "Is it a CPA shortage, or a resource allocation problem?"
(01:02:46) - The CPAs education requirement for taxes is too low
(01:06:44) - Wrap up and remember to subscribe so you don't miss an episode

Need CPE?

Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com
Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe

Show Notes

“Tax prep giants are terrified. Their lobbyists are working overtime to try to keep the federal government from finally providing an easy, free way to file taxes. But we’re at a historic moment where we can get this done—so let’s keep pushing.” Elizabeth Warren (@ewarren) August 17, 2023

https://twitter.com/ewarren/status/1692232917806698820

Democrats are increasingly optimistic about the IRS' plan to offer free tax prep software and break TurboTax and H&R Block's stranglehold

https://www.businessinsider.com/democrats-optimistic-about-irs-plans-to-offer-free-tax-filing-services-2023-8

Democrats accuse tax prep firms of undermining new IRS effort on electronic free file tax returns

https://apnews.com/article/irs-free-file-tax-returns-391ded1dbd73444bada5e946e962d70c

Danielle Booker, Ph.D., CPA on LinkedIn: #accountants #accounting #cpa #patsajak #vannawhite #wheeloffortune…

https://www.linkedin.com/posts/danielle-booker-ph-d-cpa-05142238_accountants-accounting-cpa-activity-7097604071477362688--U2u

‘The World’s Fastest Accountant’ Is Running Away From the ‘Boring Stiff Squares’ Stereotype

https://www.goingconcern.com/the-worlds-fastest-accountant-is-running-away-from-the-boring-stiff-squares-stereotype/

The 'revolving door' between accounting and the IRS

https://www.accountingtoday.com/news/hundreds-of-irs-employees-worked-for-accounting-firms

IRS agents are getting paid by private accounting firms: watchdog

https://thehill.com/business/4176786-irs-agents-are-getting-paid-by-private-accounting-firms-watchdog/

No Cubicles Here! The Shockingly Sun-Kissed Life of Digital Nomad Accountants

https://hbculifestyle.com/digital-nomad-accountants/

MACPA Chair Christine Aspell looks to combat accounting ...

https://www.bizjournals.com/bizwomen/news/profiles-strategies/2023/08/accounting-misconceptions.html?page=all

Passaic County Man Charged in $13 Million Technology Support ...

https://www.justice.gov/usao-nj/pr/passaic-county-man-charged-13-million-technology-support-scam-targeting-over-seven

Hundreds of IRS employees worked for accounting firms

https://www.accountingtoday.com/news/hundreds-of-irs-employees-worked-for-accounting-firms

I took "Intro to Philosophy" to finish out my 150 credits. I thought that was ridiculous. But this guy has me beat!

https://www.linkedin.com/posts/blaketoliver_cpa-activity-7103070376422735872-JZkC

'The World's Fastest Accountant' Is Running Away From the 'Boring Stiff Squares' Stereotype

https://www.goingconcern.com/the-worlds-fastest-accountant-is-running-away-from-the-boring-stiff-squares-stereotype/

Jennifer Wilson on LinkedIn: Love this. Accounting is a cool, tech-forward, difference-making…

https://www.linkedin.com/posts/jenniferwilsonprofile_accountants-accounting-cpa-activity-7098413369098919936-vRqf

Tax Genii 1 4 Demo

https://www.youtube.com/watch?v=x-SXc1V58gQ

How a sleeper issue inside the big four accounting giants could topple the economy

https://www.abc....

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The Accounting Podcast

Improving The Image of Accounting

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Podcast discusses the growth of Liveflow and its benefits for accountants and bookkeepers

Highlights of the Unique CPA Conference in Chicago

Exploring the Ethics Exam Renewal Process and the Need for Ethical Change in the Accounting Profession

Ethical Concerns in Accounting

Technology and the Future of Accounting

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
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AI-powered
podcast player

Discover
highlights

The Accounting Podcast

Improving The Image of Accounting

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Podcast discusses the growth of Liveflow and its benefits for accountants and bookkeepers

Highlights of the Unique CPA Conference in Chicago

Exploring the Ethics Exam Renewal Process and the Need for Ethical Change in the Accounting Profession

Ethical Concerns in Accounting

Technology and the Future of Accounting

Get the Snipdpodcast app

AI-poweredpodcast player

Discoverhighlights

Save anymoment

Share& Export

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Discoverhighlights

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