SCOTUS just struck down Trump’s global tariffs—so who gets the $133B back, and how can firms capture advisory fees helping clients claim refunds? Blake and David unpack importer-of-record refunds, contingency-fee questions, and why “that’s pure profit.” Plus: taxpayers’ trust in AI tax prep is falling, creators’ $205B economy is a prime niche, TurboTax’s Uber-to-the-office play, Big Law’s $3,400/hour AI squeeze, and Dawn Brolin’s nonprofit sending first-timers to conferences you can support.

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• (00:00) - TAP 476

Show Notes

Supreme Court Rules 6-3 That IEEPA Does Not Authorize the President to Impose Tariffs

https://www.supremecourt.gov/opinions/25pdf/24-1287_4gcj.pdf

Supreme Court Strikes Down Most of Trump's Tariffs in a Major Blow to the President

https://www.nbcnews.com/politics/supreme-court/supreme-court-strikes-trumps-tariffs-major-blow-president-rcna244827

Supreme Court Strikes Down IEEPA Tariffs — What Now?

https://www.wilmerhale.com/en/insights/client-alerts/20260220-supreme-court-strikes-down-ieepa-tariffs-what-now

IRS Average Refunds Up $200 This Filing Season

https://www.accountingtoday.com/news/taxpayers-hesitant-to-trust-ai-to-prepare-tax-returns

Most Taxpayers Trust Tax Pros Over AI for Tax Preparation, Survey Finds

https://www.cpapracticeadvisor.com/2026/02/19/most-taxpayers-trust-tax-pros-over-ai-for-tax-preparation-survey-finds/178412/

Online Creators Worried About Finances and Income Taxes — A Growing Opportunity for Tax and Accounting Pros

https://www.cpapracticeadvisor.com/2026/02/19/online-creators-worried-about-finances-and-income-taxes-a-growing-opportunity-for-tax-accounting-pros/178423/

Intuit TurboTax Delivers the Ultimate "Done-For-You" Tax Experience Powered by AI and Human Intelligence With Uber Rides

https://investors.intuit.com/news-events/press-releases/detail/1304/intuit-turbotax-delivers-the-ultimate-done-for-you-tax-experience-powered-by-ai-and-human-intelligence-with-uber-rides

US Companies Pay More Taxes Abroad Than Here

https://www.accountingtoday.com/news/us-companies-pay-more-taxes-abroad-than-here

IRS Falls Far Short on Paperless Processing Goal

https://www.accountingtoday.com/news/irs-falls-far-short-on-paperless-processing-goal

Will the OBBBA Gambling Deduction Change Be Reversed?

https://www.natptax.com/news-insights/blog/will-the-obbba-gambling-deduction-change-be-reversed/

Kim Kardashian's Clothing Company Settles New Jersey Sales Tax Allegations

https://www.cpapracticeadvisor.com/2026/01/20/kim-kardashians-clothing-company-settles-new-jersey-sales-tax-allegations/176590/

Big Tech Accounting Creates a Blind Spot in the AI Boom

https://news.futunn.com/en/post/68828373/big-tech-accounting-creates-a-blind-spot-in-the-ai

KPMG Partner in Australia Fined Over Using AI to Pass AI Test

https://www.irishtimes.com/business/2026/02/16/kpmg-partner-in-australia-fined-over-using-ai-to-pass-ai-test/

Lawmakers Seek to Penalize DoD if It Fails to Pass a Clean Audit

https://federalnewsnetwork.com/congress/2026/02/lawmakers-seek-to-penalize-dod-if-it-fails-to-pass-a-clean-audit/

New Hubstaff Research Finds Workers Average Only 2–3 Hours of Focus Time Per Day

Which accounting firms really deliver sane hours and happy teams? Dom Piscopo (Big Four Transparency) reveals this year’s best—and worst—by job satisfaction and hours, including surprising outliers. Blake and David also unpack how AI startups are carving up PwC-style services, why Hazel AI rattled wealth managers and Intuit/Xero stocks, and where GLs still hold a moat. Plus, a practical way to use AI for W‑4/withholding—and an accountant’s take on Carvana’s too-good-to-be-true margins.

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• (01:19) - Pets, Candy, Jewelry & Prefixed Dinners: Where the Money Goes

Show Notes

Valentine's Day Spending Expected to Reach New Records 

https://nrf.com/media-center/press-releases/valentine-s-day-spending-expected-to-reach-new-records

Survey: Most Couples Keep At Least Some Of Their Money Separate 

https://www.bankrate.com/credit-cards/news/couples-finances/

Survey: 2 In 5 Americans In A Relationship Have Kept A Financial Secret From Their Partner 

https://www.bankrate.com/credit-cards/news/financial-infidelity-survey-2025/

AI Tax App Crashes Financial Stocks on Wall Street 

https://cpatrendlines.com/2026/02/10/ai-tax-app-crashes-financial-stocks-on-wall-street/

Americans Are Asking AI for Money Advice, But Should They Trust It? 

https://www.bestmoney.com/financial-advisor/learn-more/do-americans-trust-fin-ai

82% trust AI for financial information and guidance 

https://www.accountingtoday.com/news/82-trust-ai-for-financial-information-and-guidance

Intuit Is Down 33% Year to Date. Here's Where the Stock Could Be Headed in 2026 

https://www.tikr.com/blog/intuit-is-down-33-year-to-date-heres-where-the-stock-could-be-headed-in-2028

Intuit Stock Is Down 24% Already In 2026. Time to Buy? 

https://www.fool.com/investing/2026/01/30/intuit-stock-is-down-24-already-in-2026-time-to-bu/

Xero (ASX:XRO) Shares Crash 13% in Tech Selloff—Broker Urges Hold 

https://kalkine.com.au/news/technology/xero-asxxro-shares-crash-13-in-tech-selloffbroker-urges-hold

Xero share price slides 14% in a week — what to watch next for ASX:XRO 

https://ts2.tech/en/xero-share-price-slides-14-in-a-week-what-to-watch-next-for-asxxro/

I've tested and ranked the 10 best vibe coding tools in 2026 

https://www.techradar.com/pro/best-vibe-coding-tools

Your Complete Guide To Vibe Coding Tools In 2026: Build Apps Just By Talking To AI 

https://softtechhub.us/2026/02/11/guide-to-vibe-coding/

AI startup Replit launches feature to vibe code mobile apps 

https://www.cnbc.com/2026/01/15/ai-startup-replit-launches-feature-to-vibe-code-mobile-apps.html

Vibe coding - Wikipedia 

https://en.wikipedia.org/wiki/Vibe_coding

What's actually driving Carvana's margins? 

https://www.cfo.com/news/whats-actually-driving-carvana-margins-ernie-garcia-drivetime-bridgecrest-zach-shefska-ray-shefska-/810911/

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What happens when AI starts cutting audit bills? Blake and David unpack KPMG’s push for a 14% fee cut from Grant Thornton, Botkeeper’s shutdown versus Pilot’s “AI accountant,” and how agents like Claude are already doing real client work. You’ll hear why entry-level roles are vanishing, what tax pros need to know about the IRS’s new e-payment push and Tax Pro Account upgrades, plus a fun detour: DJ John Summit’s Tax Day album.

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• (00:00) - KPMG's AI-Driven Audit Fee Reduction

Show Notes

KPMG pressed its auditor to pass on AI cost savings
https://www.irishtimes.com/business/2026/02/06/kpmg-pressed-its-auditor-to-pass-on-ai-cost-savings/

Botkeeper is Closing Its Doors
https://www.cpapracticeadvisor.com/2026/02/09/botkeeper-is-closing-its-doors/177677/

Botkeeper shuts down
https://www.accountingtoday.com/news/botkeeper-shuts-down

Anthropic AI Tool Sparks Selloff From Software to Broader Market
https://www.bloomberg.com/news/articles/2026-02-03/legal-software-stocks-plunge-as-anthropic-releases-new-ai-tool

AI fears pummel software stocks: Is it 'illogical' panic or a SaaS apocalypse?
https://www.cnbc.com/2026/02/06/ai-anthropic-tools-saas-software-stocks-selloff.html

Pilot launches fully autonomous AI bookkeeper
https://www.accountingtoday.com/news/pilot-launches-fully-autonomous-ai-bookkeeper

Pilot Rolls Out Fully Autonomous AI Accountant
https://www.cpapracticeadvisor.com/2026/02/04/pilot-rolls-out-fully-autonomous-ai-accountant/177453/

Pilot Unveils AI Accountant
https://pilot.com/blog/pilot-unveils-ai-accountant-a-major-leap-toward-artificial-general-intelligence-in-accounting

Startup Accrual Officially Launches with $75M in Funding to Bring AI-Native Automation to Accounting
https://www.cpapracticeadvisor.com/2026/02/05/startup-accrual-officially-launches-with-75m-in-funding-to-bring-ai-native-automation-to-accounting/177600/

Tax platform Accrual launches with AI automation support for all forms
https://www.accountingtoday.com/news/tax-platform-accrual-launches-with-ai-automation-support-for-all-forms

Accrual Launches with $75 Million to Bring AI-Native Automation to Accounting
https://www.businesswire.com/news/home/20260205968515/en/Accrual-Launches-with-$75-Million-to-Bring-AI-Native-Automation-to-Accounting

Goldman Sachs leads $75 million funding round for Fieldguide, an AI-native accounting and audit platform
https://fortune.com/2026/02/02/goldman-sachs-fieldguide-accounting-cpa-ai-software-platform-venture-capital/

Fieldguide Raises $75M Series C Round to Boost Audit and Advisory Firms' Agentic AI Capabilities
https://www.cpapracticeadvisor.com/2026/02/02/fieldguide-raises-75m-series-c-round-to-boost-audit-and-advisory-firms-agentic-ai-capabilities/177323/

Fieldguide Raises $75M Series C from Goldman Sachs to Help Audit and Advisory Firms Grow with Agentic AI
https://www.globenewswire.com/news-release/2026/02/04/3232133/0/en/Pilot-Unveils-AI-Accountant-A-Major-Leap-Toward-Artificial-General-Intelligence-in-Accounting.html

Trump, two sons, Trump Org sue IRS, Treasury for $10 billion over tax records leak
https://www.cnbc.com/2026/01/29/trump-sues-irs-and-treasury-for-10-billion-over-leak-of-tax-records.html

Trump sues IRS and Treasury Department for $10 billion over leaked tax records
https://www.nbcnews.com/politics/donald-trump/trump-sues-irs-treasury-department-10-billion-leaked-tax-records-rcna256626

Trump Sues Treasury and IRS for $10 Billion Over Tax Data Leak
https://www.taxnotes.com/featured-news/trump-sues-treasury-and-irs-10-billion-over-tax-data-leak/2026/01/30/7txmz

KPMG Brings Aboard AI Development Platform PrivateBlok
https://www.cpapracticeadvisor.com/2026/02/09/kpmg-adds-ai-development-platform-privateblok/177729/

KPMG acquires PrivateBlok, team will support AI developments
https://www.accountingtoday.com/news/kpmg-acquires-privateblok-team-will-support-ai-developments

KPMG Bolsters AI Product Development Function...

Could AI wipe out half of entry-level accounting roles? Blake and David recount a brazen “courier scam” on David’s porch to unpack how deepfakes and spoofed calls fuel today’s fraud (“less than 10% can tell AI video from real”). You’ll learn practical controls—family code words, approval workflows—plus hands-on AI updates: Claude’s Excel plugin and desktop agent, Gusto payroll in ChatGPT, and a prompt that forces AI to ask clarifying questions and wait for “go.”

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• (02:02) - Personal Fraud Story: A Cautionary Tale

Show Notes

AI fakery turbo-charging fraud, cyber attacks
https://www.accountingtoday.com/news/ai-fakery-turbo-charging-fraud-cyber-attacks

The Turing Reel
https://runwayml.com/research/theturingreel

The Adolescence of Technology
https://www.darioamodei.com/essay/the-adolescence-of-technology

Long-term Fears Build As 60% of U.S. Workers Say AI Will Cut More Jobs Than It Adds In 2026
https://allwork.space/2026/01/long-term-fears-build-as-60-of-u-s-workers-say-ai-will-cut-more-jobs-than-it-adds-in-2026/

ADP® Accelerates AI Leadership with Launch of New AI Agents Designed to Solve Workforce Challenges
https://www.prnewswire.com/news-releases/adp-accelerates-ai-leadership-with-launch-of-new-ai-agents-designed-to-solve-workforce-challenges-302672772.html

Exclusive: Gusto launching payroll inside ChatGPT
https://www.thisweekinfintech.com/exclusive-gusto-launching-payroll-inside-chatgpt/

Trump DOT Plans to Use Google Gemini AI to Write Regulations
https://www.propublica.org/article/trump-artificial-intelligence-google-gemini-transportation-regulations

Intuit Launches New Career Pipeline Program to Empower the Next Generation of Accountants in the AI Era
https://investors.intuit.com/news-events/press-releases/detail/1296/intuit-launches-new-career-pipeline-program-to-empower-the-next-generation-of-accountants-in-the-ai-era

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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

Are you accidentally breaking CPA rules across state lines? Guest Lindsay Patterson, CPA CIA breaks down the new mobility landscape after alternative licensure paths—and the surprising data firms must track to avoid fines, failed peer reviews, and redoing audits. Plus: Congress’s Fiscal State of the Nation bill, Deloitte’s PR storm, QuickBooks’ AI reconciliation, and what’s driving a rebound in accounting majors. Walk away knowing where to get licensed, what triggers penalties, and how to protect your firm.

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• (00:00) - Introduction and CPA Email Incident

Meet Lindsay Patterson:
LinkedIn: https://www.linkedin.com/in/lindsaypatterson/

Show Notes

AICPA Urges Congressional Support for Fiscal State of the Nation Act
https://www.aicpa-cima.com/news/article/aicpa-urges-congressional-support-for-fiscal-state-of-the-nation-act

Barr Reintroduces Bipartisan Fiscal State of the Nation Act to Strengthen Oversight of Government Spending
https://barr.house.gov/press-releases?id=EDF451C5-EEAE-44D7-85A8-2B714E9D7822

For CPAs, one license — and 55 rulebooks
https://www.accountingtoday.com/opinion/for-cpas-one-license-and-55-rulebooks

Deloitte's Disturbing Pattern Allegedly Cost Americans Health Coverage, Delayed Benefits, and the US Government $74B
https://www.ibtimes.co.uk/deloittes-disturbing-pattern-allegedly-cost-americans-health-coverage-delayed-benefits-us-1773010

Deloitte to ramp up India operations with 50,000 new hires
https://www.internationalaccountingbulletin.com/news/deloitte-hiring-india/

PCAOB Sanctions Audit Firm, an Owner of That Firm, and a Former Audit Manager for Multiple Violations of PCAOB Rules and Standards
https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-sanctions-audit-firm--an-owner-of-that-firm--and-a-former-audit-manager-for-multiple-violations-of-pcaob-rules-and-standards

PCAOB bars Zwick CPA, owner and manager
https://www.accountingtoday.com/news/pcaob-bars-zwick-cpa-owner-and-manager

Turnover Experiences in Public Accounting and Alumni's Decisions to 'Give Back'
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4266300

U.S. Accounting Undergraduate Enrollment Rises for Third Straight Year
https://www.prnewswire.com/news-releases/us-accounting-undergraduate-enrollment-rises-for-third-straight-year-302665511.html

Accounting undergrad enrollment rises for third year
https://www.accountingtoday.com/news/accounting-undergrad-enrollment-rises-for-third-year

Capital One to Acquire Brex
https://investor.capitalone.com/news-releases/news-release-details/capital-one-acquire-brex

Capital One is buying startup Brex for $5.15 billion in credit card firm's latest deal
https://www.cnbc.com/2026/01/22/capital-one-is-buying-startup-brex-for-5point15-billion-in-credit-card-firms-latest-deal.html

Florida Republican candidate suggests 'sin tax' for OnlyFans creators
https://thehill.com/homenews/nexstar_media_wire/5691927-florida-governor-candidate-sin-tax/

Florida gubernatorial candidate proposes 50% "sin" tax on OnlyFans creators; top earner Sophie Rain pushes back
https://www.cbsnews.com/miami/news/florida-onlyfans-tax-proposal-james-fishback-sophie-rain/

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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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Carla McCall shares insights on the challenges faced by the accounting profession, including workload, work-life balance, and the AICPA's role. She addresses misconceptions about the responsibilities of the AICPA, discusses her firm's approach to managing work hours and culture transformation, and highlights the need for creative solutions to attract new talent. The discussion also explores the systemic issue of overwork in large accounting firms and the potential measures that could alleviate these pressures.

Meet Our Guest, Carla McCall

https://www.linkedin.com/in/carlamccallaaf/

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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

Are we causing our own busy-season chaos? Blake and David break down a simple scheduling system that spreads tax work, trains clients, and slashes extensions. They debate Congress’s barcode bill vs. e-filing, unpack a poll showing GOP support for a millionaire’s tax, and ask what AI really changes when managers still have to review the bots. Plus: IRS CI’s latest wins, whistleblower e-filing, and a Britney tax fight.

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• (01:11) - AI and Survey Creation

Show Notes

Are Washingtonians Finally Ready for a State Income Tax? 

https://www.dhmresearch.com/are-washingtonians-finally-ready-for-a-state-income-tax/

Guess Who Supports a Millionaires Tax in Washington State? Republicans, Poll Finds 

https://www.cpapracticeadvisor.com/2026/01/14/guess-who-supports-a-millionaires-tax-in-washington-state-republicans-poll-finds/176337/

Barometer: Firms Brace for a Tough Tax Season 

https://cpatrendlines.com/2025/10/01/barometer-firms-brace-for-a-tough-tax-season/

IRS Advisory Council blasts defunding of agency 

https://www.accountingtoday.com/news/irs-advisory-council-blasts-defunding-of-agency

IRS Advisory Council report defends workers, criticizes budget and staff cuts 

https://www.thetaxadviser.com/news/2026/jan/irs-advisory-council-report-defends-workers-criticizes-budget-and-staff-cuts/

Internal Revenue Service Advisory Council PUBLIC REPORT January 2026 

https://www.irs.gov/pub/irs-pdf/p5316.pdf

Lengthy grudge motivated Brown mass shooting, MIT professor killing: Sources 

https://abcnews.go.com/US/lengthy-grudge-motivated-brown-mass-shooting-mit-professor/story?id=128961044

A Reddit post helped find MIT and Brown shooting suspect. Here's what we know 

https://www.npr.org/2025/12/19/nx-s1-5649528/brown-mit-shooter-what-we-know

Former SBA and IRS Employee Charged with Using Government Positions to Steal Millions from COVID Relief Programs

https://www.justice.gov/usao-ndga/pr/former-sba-and-irs-employee-charged-using-government-positions-steal-millions-covid

Hampton woman accused of using federal jobs to steal pandemic relief funds 

https://www.fox5atlanta.com/news/hampton-woman-accused-using-federal-jobs-steal-pandemic-relief-funds

House advances bill to speed tax return processing via barcodes 

https://www.accountingtoday.com/news/house-advances-bill-to-speed-tax-return-processing-via-barcodes

BARCODE Efficiency Act Brings Overdue Modernization to the IRS 

https://atr.org/barcode-efficiency-act-brings-overdue-modernization-to-the-irs/

Utah and Doctronic Announce Groundbreaking Partnership for AI Prescription Medication Renewals

https://commerce.utah.gov/2026/01/06/news-release-utah-and-doctronic-announce-groundbreaking-partnership-for-ai-prescription-medication-renewals/

Utah allows nation's first AI drug prescriptions

https://www.axios.com/local/salt-lake-city/2026/01/07/utah-ai-drug-prescriptions-doctronic

Nurses Continue to Lead in Honesty and Ethics Ratings 

https://news.gallup.com/poll/700736/nurses-continue-lead-honesty-ethics-ratings.aspx

Americans' Ratings of U.S. Professions Stay Historically Low 

https://news.gallup.com/poll/655106/americans-ratings-professions-stay-historically-low.aspx

Britney Spears disputes $600K tax claim

https://www.accountingtoday.com/news/britney-spears-disputes-600k-tax-claim

Britney Spears Fighting With IRS Over $600,000

https://www.tmz.com/2025/12/19/britney-spears-fighting-with-irs-taxes/

Right Now, Managing AI Agents is About as Much Work as Managing Humans. Just Different Work.

https://www.saastr.com/right-now-managing-ai-agents-is-about-as-much-work-as-managing-humans/

The 'Godfather of SaaS' says he replaced most of his s...

Raids replaced audits, and guns replaced spreadsheets. Blake and David connect the dots from Minnesota's sprawling public-assistance fraud to a decade of IRS budget cuts and ICE crackdowns. You'll learn why enforcement shifted from prevention to raids, what California's one-time billionaire tax really proposes, how new AICPA rules could hit PE-backed firms, and why a botched audit didn't cost PwC its client, plus one pro tip to level up your Excel game.

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• (00:00) - TAP 470

Show Notes

Judge hits pause on IRS sharing taxpayer information with ICE
https://www.nbcnews.com/politics/immigration/judge-issues-order-blocking-irs-sharing-taxpayer-information-ice-rcna245262

Federal Agents Pepper Spray Protesters During Tucson Taco Giro Raid
https://www.themarshallproject.org/2025/12/05/tucson-ice-raid-protests-taco-giro

Poll: Nearly Half of Americans Think Their Financial Security Is Worsening
https://www.cpapracticeadvisor.com/2025/12/29/poll-nearly-half-of-americans-think-their-financial-security-is-worsening/175587/

California Billionaire Tax Act (2026 Billionaire Tax Act - PDF)
https://oag.ca.gov/system/files/initiatives/pdfs/25-0024A1%20(Billionaire%20Tax%20).pdf

Vrbo Parent Company Sues Michigan Over $18.8 Million Tax Bill
https://www.cpapracticeadvisor.com/2026/01/02/vrbo-parent-company-sues-michigan-over-18-8-million-tax-bill/175675/

AICPA Seeks Comment on Ethics Rules Update for Alternative Practice Structures
https://www.aicpa-cima.com/news/article/aicpa-seeks-comment-on-ethics-rules-update-for-alternative-practice

WH Smith asks shareholders to support PwC despite audit error
https://www.internationalaccountingbulleteen.com/news/wh-smith-support-pwc-audit-error/

I won the Microsoft Excel World Championship. Here's what every office worker should know about Excel. https://www.yahoo.com/lifestyle/articles/won-microsoft-excel-world-championship-093001306.html

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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

Think AI will free you from ‘mundane bookkeeping’ so you can do advisory? Blake and David say it’s the opposite. Hear how owners already use AI as a de facto CFO, why drafting narratives—not matching bank feeds—is the real win, what the ‘AI premium’ means in a billable-hour world, and the two numbers firm owners should track in 2026: monthly recurring revenue and bottom-line profit.

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• (01:35) - News Highlights and Sponsor Acknowledgements

Show Notes

These Small-Business Owners Are Putting AI to Good Use
https://www.wsj.com/tech/ai/small-business-ai-chatgpt-prompts-0c9a95c4

AI Thought Leaders Survey 2026: Process Predictions
https://www.accountingtoday.com/list/ai-thought-leaders-survey-2026-process-predictions

Tech Spending Outpacing People Spending as Firms Adopt AI
https://www.accountingtoday.com/list/tech-spending-outpacing-people-spending-as-firms-adopt-ai

How Much is the 'AI Premium?' 

https://www.accountingtoday.com/list/how-much-is-the-ai-premium

AI Can't Replace Accountants. When Could It? 

https://www.accountingtoday.com/list/ai-cant-replace-accountants-when-could-it

Accounting in 2026: The Year Ahead in Numbers
https://www.accountingtoday.com/list/accounting-in-2026-the-year-ahead-in-numbers

AI Vending Machine Lost $1,000 to Social Engineering
https://www.wsj.com/tech/ai/anthropic-ai-claude-vending-machine-c7baef6f

Anthropic's Project Vend Phase 2 

https://www.anthropic.com/research/project-vend-2

Trump Commutes Sentence of Private Equity CEO Convicted of Fraud
https://www.cnn.com/2025/12/01/politics/david-gentile-trump-pardon

Trump Commutes 7-Year Prison Sentence of Former Private Equity CEO David Gentile
https://www.nbcnews.com/politics/white-house/trump-commutes-7-year-prison-sentence-former-private-equity-ceo-david-rcna246744

California's Controversial Wealth Tax Proposal Leaves Billionaires With Little Way Out
https://www.cnbc.com/2026/01/08/california-wealth-tax-proposal-leaves-billionaires-with-little-way-out.html

California Could Impose a Billionaire Tax. Here's How It Would Work
https://www.cbsnews.com/news/california-billionaire-tax-ballot-initiative-how-it-works/

New Tax on the Wealth of Billionaires 

https://lao.ca.gov/BallotAnalysis/Initiative/2025-024

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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

How does $95 million go missing at a bank—and still get a clean audit? Blake and David unpack the Evolve Bank/Synapse meltdown, what auditors missed, and how SOC reports fall short. Plus: the penny shortage pushing cash rounding at the register, the shocking stat that even 29% of partners don’t know partner pay, and the case for semiannual reporting. Walk away with practical takeaways for clients, staff, and your own firm.

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• (00:44) - The Penny Shortage Crisis

Show Notes

Square Enables Penny Rounding 

https://squareup.com/us/en/press/penny-rounding

CFPB Allocates $46 Million To Synapse/Evolve Victims In First-Ever Fintech Bailout 

https://fintechbusinessweekly.substack.com/p/cfpb-allocates-46-million-to-synapseevolve

The 2025 Accounting Today Salary Survey 

https://www.accountingtoday.com/list/the-2025-accounting-today-salary-survey

The Ultimate 2026 Accounting Salary Guide 

https://blog.workday.com/en-us/ultimate-2026-accounting-salary-guide.html

Deloitte's CTO: companies are spending 93% on tech and only 7% on people and that has to change 

https://fortune.com/2025/12/15/deloitte-cto-bill-briggs-what-really-scares-ceos-about-ai-human-resources/

Accounting firm waited 18 months to announce breach 

https://cybernews.com/security/sax-data-breach-quarter-million-exposed/

Should Public Companies Move to Semi-Annual Reporting? 

https://www.cpajournal.com/2025/12/19/should-public-companies-move-to-semi-annual-reporting/

United States Mint Hosts Historic Ceremonial Strike for Final Production of the Circulating One-Cent Coin 

https://www.usmint.gov/news/press-releases/united-states-mint-hosts-historic-ceremonial-strike-for-final-production-of-the-circulating-one-cent-coin

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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