The Accounting Podcast

Improving The Image of Accounting


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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!

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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

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    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....

    ...more
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    The Accounting PodcastBy Blake Oliver & David Leary

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