The Accounting Podcast

IRS Agents Working From Home Can Watch H&R Block Reality TV Show

03.12.2024 - By Blake Oliver & David LearyPlay

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We're celebrating surpassing 10,000 YouTube subscribers! Thank you! Blake and David look into H&R; Block's new reality show about teaching people life skills like doing their taxes. They also talk about workflow automation challenges for accounting firms, how the IRS is contacting wealthy non-filers, and the Trump Organization CFO pleading guilty to perjury. They also break down the SEC's extensive new climate disclosure rules and the job opportunities this could create for accountants. Sponsors

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Chapters

(03:04) - H&R; Block is creating a reality TV show

(08:51) - WSJ Op-Ed says IRS agents shouldn't work from home

(12:21) - The Accountant 2 gets a big tax credit

(14:42) - South Carolina finds $2 billion in bank account

(20:49) - Bloomberg article on the lack of accountants

(23:18) - Regional banks in trouble?

(27:00) - Lyft being sued by their shareholders

(29:39) - Is bad workflow automation the cause of bad work/life balances?

(37:42) - CPA Trendlines: "Which Niche is the Best Niche?"

(46:28) - TurboTax and H&R; Block are using AI giving awful tax advice

(50:12) - Blake shares new SEC rule's GPT he made

(53:19) - AI and data privacy concerns

(55:48) - Can AI predict when you'll die?

(01:01:37) - Former Trump CFO Allen Weisselberg pleads guilty to perjury

(01:03:56) - Thanks for listening and remember to subscribe

 

Show Notes 2024 Report: The State of Accounting Workflow Automation https://financial-cents.com/resources/articles/2024-report-state-of-accounting-workflow-automation/   Gartner Survey Shows That a Third of Accountants Make Several Financial Errors Per Week due to Capacity Constraints        https://www.gartner.com/en/newsroom/press-releases/2024-02-21-gartner-survey-shows-that-a-third-of-accountants-make-several-error-per-weeo-due-to-capacity-constraints   The U.S. is short 340,000 accountants-just look at the wave of earnings report mistakes https://fortune.com/2024/03/01/accounting-shortage-earnings-report-mistakes/   Intuit, H&R; Block tax AIs critiqued on accuracy https://www.accountingtoday.com/news/intuit-h-r-block-tax-ais-critiqued-on-accuracy-of-answers-many-inaccurate   SC accounting error gets renewed focus over $1.8B sitting in state bank account https://www.southcarolinapublicradio.org/sc-news/2024-03-05/legis-treasurermoney   Ex-Trump Org CFO Pleads Guilty to Perjury in Fraud Case https://www.cpapracticeadvisor.com/2024/03/05/ex-trump-org-cfo-pleads-guilty-to-perjury-in-fraud-case/102306/   H&R; Block to Release Short Format Comedy Streaming Series, “Responsibility Island” https://www.cpapracticeadvisor.com/2024/02/29/hr-block-to-release-short-format-comedy-streaming-series-responsibility-island/102172/   Federal court holds Corporate Transparency Act unconstitutional https://www.journalofaccountancy.com/news/2024/mar/federal-court-holds-corporate-transparency-act-unconstitutional.html   Lyft earnings report error prompts shareholder lawsuit               https://finance.yahoo.com/news/lyft-earnings-report-error-prompts-150849490.html Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com

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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.

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