The Accounting Podcast

DOGE Proves IRS Can Move 100X Faster Without Red Tape

Apr 15, 2025
Dive into the impact of 145% tariffs on Chinese goods and how they threaten American businesses. Discover shocking stories from retailers and tech giants grappling with these policies. Meanwhile, the IRS experiences a modernization shake-up, turning a lengthy project into a rapid solution. Plus, hear about controversial directives affecting CPAs regarding their professional credentials. This dynamic discussion reveals the intertwining challenges of government efficiency, economic policies, and the accounting world.
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INSIGHT

IRS Migrates Login Button Fast

  • The IRS login button was moved from a buried location to the top right in just 71 minutes.
  • This reflects how bureaucracy typically slows down IRS improvements that could be quick.
INSIGHT

IRS Plans 30-Day Data Hackathon

  • The IRS plans a hackathon to build a cloud-based API in 30 days.
  • This aims to modernize data access but faces skepticism due to tight timelines.
ANECDOTE

Small Business Abandons Goods

  • A client of a small business on Shark Tank abandoned $160,000 worth of goods in China due to tariff costs.
  • This illustrates the harsh real-world impact tariffs have on small businesses' cash flow.
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