The Accounting Podcast

How close are we to expense reports that create themselves? In this crossover episode recorded live at Emburse in Motion, Blake Oliver explores real-world AI implementation with Adriana Carpenter, CFO of Emburse, and Olga Pavlova from PizzaExpress. Discover how PizzaExpress manages 350+ restaurant locations using AI to automatically flag policy violations and detect hidden SaaS subscriptions buried in expense reports. You'll learn specific strategies for vendor consolidation that deliver immediate cost savings, plus hear Adriana's vision for AI agents that guide employees through policy compliance in real time. From keyword detection that prevents VAT errors to mobile-first expense reporting that's "quarters away, not years away," this episode reveals practical automation wins you can implement today.

Meet Our Guests:

Adriana Carpenter
CFO, Emburse

LinkedIn: https://www.linkedin.com/in/adriana-carpenter-487507a/

Learn more about Emburse

https://www.emburse.com/company/about-emburse

Olga Pavlova-Grebliauske FCCA
LinkedIn: https://www.linkedin.com/in/olga-pavlova-grebliauske-fcca-8a625470/

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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

What happens when Congress passes a $3.8 trillion deficit-increasing bill by just one vote while promising fiscal responsibility? Blake and David break down the "Big Beautiful Bill" and reveal who really benefits—spoiler alert: it's not the middle class or the national debt. They explore QuickBooks' aggressive new AI agents rollout with price hikes up to 17%, examine why Tesla's CPA CFO earned $139 million in one year, and uncover how tariff-stressed businesses are weaponizing invoice rejections to manage cash flow. You'll discover why the time-based billing model is fundamentally broken in accounting, learn about the emerging "Next 12" tier of accounting firms, and understand why partners work the most hours while achieving only 6.9/10 job satisfaction.

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• (00:44) - The Big Beautiful Bill Act Overview

Show Notes

Do Americans Support Trump's 'Big, Beautiful' Budget Package? What Poll Found Before it Passed in House 

https://www.cpapracticeadvisor.com/2025/05/22/do-americans-support-trumps-big-beautiful-budget-package-what-poll-found-before-it-passed-in-house/161567/

Tesla CFO earns staggering $139 million compensation package 

https://www.foxbusiness.com/markets/tesla-cfo-earns-staggering-139-million-compensation-package

Tesla Exec Receives Record Pay Package, Highest Paid CFO 

https://www.entrepreneur.com/business-news/tesla-exec-receives-record-pay-package-highest-paid-cfo/491938

Tesla CFO Vaibhav Taneja draws record $139 million salary 

https://americanbazaaronline.com/2025/05/21/tesla-cfo-vaibhav-taneja-draws-record-139-million-salary-462881/

Big 4 Transparency - Awards Season 

https://big4transparency.beehiiv.com/p/big-4-transparency-awards-season

Tariffs & Trade Uncertainty Creates Invoice Rejections Surge 

https://procurementmag.com/news/tariffs-trade-uncertainty-creates-invoice-rejections-surge

Invoice rejection spike suggests tactic's use as tariff buffer, study says 

https://www.cfodive.com/news/invoice-rejection-spike-suggests-tactics-use-as-tariff-buffer-study-says/748528/

Art of Accounting: Analysis of Top 100 Firms data https://www.accountingtoday.com/opinion/art-of-accounting-analysis-of-top-100-firms-data

The corporate work week grows even longer 

https://www.cfo.com/news/the-corporate-work-week-grows-even-longer-survey-microsoft-reclaim-ai-/748628/

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Need Accounting Conference Info? 

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Could the Pope be on the hook for US taxes? As the first American elected Pope, Leo XIV faces an unusual conundrum under US citizenship rules. Meanwhile, Intuit's controversial new API pricing has developers reeling, and Hector Garcia joins the conversation to explain why this "tariff" threatens the entire QuickBooks ecosystem. Blake and David also examine how companies use foreign trade zones to dodge Trump's tariffs, unpack the AICPA's new CPA licensure model, and reveal shocking numbers on government fraud that could approach $1 trillion annually. Plus, discover why 99.99% of Trump Memecoin buyers lost money while just 58 wallets walked away with billions.

Sponsors
REFRAME 2025 - http://accountingpodcast.promo/reframe2025
TeamUp - http://accountingpodcast.promo/teamup
Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)
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• (01:54) - South Carolina State Treasurer Ousted

Show Notes

South Carolina Senate votes to remove state treasurer over $1.8 billion accounting error
https://www.thestate.com/news/politics-government/article287284067.html

Deal CEO Alex Bouaziz relocates to Dubai amid Rippling lawsuit
https://techcrunch.com/2024/04/15/deal-ceo-alex-bouaziz-has-relocated-to-dubai-amid-the-rippling-lawsuit/

Rippling raises $450 million at $16.8 billion valuation
https://techcrunch.com/2024/04/16/rippling-raises-450m-at-16-8b-valuation/

AICPA and NASBA release model legislation for new CPA licensure pathway
https://www.journalofaccountancy.com/news/2024/apr/aicpa-nasba-release-model-legislation-new-cpa-licensure-pathway.html

Florida Institute of CPAs successfully pauses bill to eliminate licensing boards
https://www.ficpa.org/article/ficpa-advocacy-update-on-house-bill-639

American Pope Leo XIV may need to file US tax returns
https://www.cnbc.com/2024/04/23/american-pope-leo-xiv-may-need-to-file-us-tax-returns.html

Foreign Trade Zones become tariff shelters amid Trump's trade policies
https://www.wsj.com/economy/tariffs/foreign-trade-zones-become-tariff-shelters-for-small-firms-a5e81093

Federal court questions constitutionality of Trump's Liberation Day tariffs
https://www.reuters.com/legal/us-trade-court-questions-legality-biden-tariffs-2024-04-17/

Elon Musk stepping aside at DOGE while work continues through 2026
https://www.axios.com/2024/04/22/elon-musk-stepping-aside-doge-june

IRS fails to meet improper payment rate goals for refundable tax credits https://www.treasury.gov/tigta/auditreports/2024reports/202440032fr.pdf

Criminal groups stealing up to $1 trillion from US government programs
https://www.nbcnews.com/business/economy/hackers-stealing-us-government-money-rcna150024

99.99% of Trump Memecoin buyers lost money while 58 wallets made over $10 million each
https://www.chainalysis.com/reports/trump-memecoin-analysis-2024/

Intuit's record lobbying spending and Republican support to eliminate IRS Direct File
https://www.opensecrets.org/news/2024/04/intuit-turbotax-parent-spends-record-on-lobbying-amid-direct-file-rollout/

Intuit Developer Program Changes
https://developer.intuit.com/app/developer/homepage

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What if your firm could cut its tech stack in half while delivering faster results to clients? In this episode, Blake and David explore the consolidation revolution in accounting software as practice management tools secure massive funding rounds. They also break down how private equity is reshaping the profession's business model, with some firms now prohibiting CPAs from using their credentials in email signatures. Plus, discover why a proposed Florida bill eliminating the Board of Accountancy could have nationwide implications for licensed professionals. Learn why shorter turnaround times—not lower prices—might be your most cost-effective path to happier clients in today's AI-transformed landscape.

Sponsors
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• (01:14) - Today's Topics Overview

Show Notes

Firms with AI report higher per-employee revenue vs others
https://www.accountingtoday.com/news/firms-with-ai-report-higher-per-employee-revenue-vs-others

50% of finance teams still take over a week to close the books
https://www.cfo.com/news/50-of-finance-take-week-to-close-books-ledge-month-end-close-time-cfo-three-day-close-myth-/746085/

Shorter Turnaround Equals Happier Tax Clients
https://www.cpatrendlines.com/2025/05/shorter-turnaround-equals-happier-tax-clients/

Less than half of Americans believe federal income taxes are fair, Gallup poll finds
https://news.gallup.com/poll/taxes-fairness-poll-2025.aspx

Florida bill threatens to eliminate Board of Accountancy
https://www.goingconcern.com/florida-bill-threatens-to-eliminate-board-of-accountancy/

13 regional accounting firms unite under Sorin brand backed by private equity
https://www.accountingtoday.com/news/13-regional-accounting-firms-unite-under-sorin-brand

Bennett Thrasher rejects private equity, champions independence
https://www.accountingtoday.com/news/bennett-thrasher-rejects-private-equity-champions-independence

Interest in accounting rising among students, CAQ survey finds
https://www.thecaq.org/accounting-interest-students-survey-2025/

Treasury to stop issuing and accepting paper checks effective September 30, 2025
https://home.treasury.gov/news/press-releases/paper-checks-phase-out-2025

IRS and ICE reach agreement to share immigrants' tax information
https://www.irs.gov/newsroom/information-sharing-agreement-ice-2025

Bill to regulate tax preparers introduced in Congress
https://www.congress.gov/bill/tax-preparer-regulation-2025

Canopy raises $70 million Series C for practice management software
https://www.canopytax.com/blog/70-million-series-c-funding-2025

Thoma Bravo invests $100 million in HubSync for accounting technology growth
https://www.hubsync.com/news/thoma-bravo-investment-100-million

Xero and Bill forming alliance for embedded bill pay in the US
https://www.xero.com/blog/2025/05/bill-partnership-announcement/

Melio to embed payments for AR and AP inside Gusto
https://www.melio.com/blog/melio-gusto-partnership-2025

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Could AI create a $20 trillion professional services earthquake? In this episode, Blake and David dive into the data showing that AI firms generate $45,000 more revenue per employee than non-adopters. You'll discover how AI is reshaping traditional accounting and what Claude's new ability to connect with your Gmail and calendar means for productivity. They also demonstrate how indistinguishable AI-cloned voices have become, sharing practical tips to protect yourself and clients from increasingly sophisticated voice scams. Plus, hear why the "impossible" US customs broker exam (with its shocking 4% pass rate) might offer accountants a lucrative alternative career path as tariff disputes heat up.

Sponsors
OnPay - http://accountingpodcast.promo/onpay
Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)   
Reframe - http://accountingpodcast.promo/reframe2025
Payhawk - http://accountingpodcast.promo/payhawk

• (00:37) - The Impact of AI on Accounting Firms

Show Notes

Firms with AI report higher per-employee revenue vs others
https://www.accountingtoday.com/news/firms-with-ai-report-higher-per-employee-revenue-vs-others

Nine Ways to Protect Yourself from 'Impostor' Voice Scams
https://www.magzter.com/stories/newspaper/The-Wall-Street-Journal/NINE-WAYS-TO-PROTECT-YOURSELF-FROM-IMPOSTOR-VOICE-SCAMS

Danish study challenges claims about AI disrupting the labor market
https://getcoai.com/news/danish-study-challenges-claims-about-ai-disrupting-the-labor-market/

50% of finance teams still take over a week to close the books
https://www.cfo.com/news/50-of-finance-take-week-to-close-books-ledge-month-end-close-time-cfo-three-day-close-myth-/746085/

The Great Legacy Extinction: AI's $20T Takeover of Professional Services
https://www.venrock.com/insights/insights-technology/the-great-legacy-extinction-ais-20t-takeover-of-professional-services/

What Do You Think of the New PwC Logo?
https://www.cpapracticeadvisor.com/2025/04/30/what-do-you-think-of-the-new-pwc-logo/159946/

Big Four accounting firm PwC to slash about 1,500 jobs in the US
https://www.reuters.com/sustainability/accounting-firm-pwc-cut-1500-us-jobs-ft-reports-2025-05-05/

How are different accounting firms using AI?
https://tax.thomsonreuters.com/blog/how-do-different-accounting-firms-use-ai/

Customs Broker License Exam (CBLE)
https://www.cbp.gov/trade/programs-administration/customs-brokers/license-examination-notice-examination

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Transcripts

The full transcript for this episode is availa...

Could you spend years earning your CPA license only to be told you can't use it? In this episode, Mark Koziel, president of the AICPA, joins Blake and David to discuss the shocking trend of firms prohibiting CPAs from identifying themselves as such in emails, on business cards, and even on LinkedIn. Blake and David also explore the economic uncertainty created by Trump's tariff policies, with major corporations cutting costs and delaying investments. Plus, learn about Republican plans to eliminate the PCAOB, the wave of states creating alternative CPA pathways, and why Ramp could become the federal government's spend management platform.

Sponsors
OnPay - http://accountingpodcast.promo/onpay
Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)
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• (01:13) - Top News Stories of the Week

Show Notes

Trump Team Eyes Politically Connected Startup to Overhaul $700 Billion Government Payments Program

https://www.propublica.org/article/trump-peter-thiel-ramp-gsa-smartpay-expense-payment-system

Big 4 Alum Start Their Own Thing Hoping Clients Want Something Different and Conflict-Free

https://www.goingconcern.com/big-4-alum-start-their-own-thing-hoping-clients-want-something-different-and-conflict-free/

Texas passes CPA law as push to lower licensure barrier gains steam

https://www.cfodive.com/news/broadening-cpa-licensure-paths-marching-beyond-150-hour-rule-accounting-talent-shortage/745282/

Draft bill would eliminate PCAOB

https://www.accountingtoday.com/news/draft-bill-would-eliminate-pcaob-empower-sec

Why The IRS Went Through 4 Acting Commissioners In 3 Months

https://abovethelaw.com/2025/04/why-the-irs-went-through-4-acting-commissioners-in-3-months/

'Hard no': Millionaire tax hike proposal has House Republicans divided

https://www.foxnews.com/politics/hard-no-millionaire-tax-hike-proposal-has-house-republicans-divided

Tariffs and global trade: The economic impact on business

https://www.mckinsey.com/capabilities/geopolitics/our-insights/tariffs-and-global-trade-the-economic-impact-on-business

Firms with AI report higher per-employee revenue

https://www.accountingtoday.com/news/firms-with-ai-report-higher-per-employee-revenue-vs-others

The mysterious donor who paid for Pope Francis' funeral

https://en.ara.cat/misc/the-mysterious-donor-who-paid-for-pope-francis-funeral_1_5357026.html

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Sponsorships

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Need Accounting Conference Info? 

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Transcripts

The full transcript for this episode is available by clicking on the Transcript tab at the top o...

In this bonus episode, David teams up with Caleb and Zach from Oh My Fraud to unpack the 2016 film The Accountant. Together, they explore how Hollywood portrays forensic accounting, internal controls, and what happens when your auditor brings a thermos full of sniper parts.

Connect with David and Caleb
https://www.linkedin.com/in/davidleary
https://www.linkedin.com/in/calebnewquist

Oh My Fraud Episodes mentioned in this episode
https://ohmyfraud.com/episodes/the-fraud-came-first-remembering-crazy-eddie-with-gary-weiss

https://ohmyfraud.com/episodes/meet-the-fraudster-nathan-mueller

https://ohmyfraud.com/episodes/blow-the-whistle-with-jason-zuckerman-and-matt-stock

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The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Could AI be doing a day's work in just minutes for accountants? In this episode, Blake and David explore how accounting technology is revolutionizing traditional workflows, from Xero's new AI protocol that connects chatbots directly to accounting data, to Google's game-changing "I" function in Sheets that lets you analyze data with natural language. You'll discover why deep research tools might replace entire teams of analysts and why revealing your AI usage might actually hurt your professional reputation. Plus, hear about unusual recession indicators (men's underwear sales are down!), what Americans consider financial success versus reality, and why accountants everywhere are buzzing about Baker Tilly's merger with Moss Adams. Whether you're curious about automating journal entries or simply wondering if you should disclose your AI wizardry, this episode delivers practical insights for the modern finance professional.

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• (00:00) - Introduction and Podcast Overview

Show Notes

Accelerating Money Innovation with Deserve Technology Platform and Talent

https://www.intuit.com/blog/news-social/accelerating-money-innovation-with-deserve-technology-platform-and-talent/

WARNING: Quickbooks Checking

https://quickbooks.intuit.com/learn-support/en-us/banking/warning-quickbooks-checking/00/1516063

Green Dot considers sale as CEO exits

https://www.paymentsdive.com/news/green-dot-citi-strategic-review-sale-ceo-exit-gresham/742096/

Intuit Enterprise Suite Spring update features more efficient multi-entity accounting, enhanced reporting, and more

https://quickbooks.intuit.com/r/enterprise/intuit-enterprise-suite-spring-2025-release-notes/

Strive targets Intuit for Bitcoin buys after orange-pilling GameStop

https://cointelegraph.com/news/strive-targets-intuit-bitcoin-buys-after-gamestop

Xero Rolls Out New "Reconcile Period" Feature

https://insightfulaccountant.com/accounting-tech/general-ledger/xero-rolls-out-new-reconcile-period-feature/

Xero introduces new Model Context Protocol server for smarter accounting

https://devblog.xero.com/xero-introduces-new-model-context-protocol-server-for-smarter-accounting-4d195ccaeda5

Paychex Acquires Paycor in $4.1 Billion Deal

https://www.pymnts.com/acquisitions/2025/paychex-acquires-paycor-in-4-1-billion-deal/

Introducing FloQast AI Agents: Revolutionizing Accounting Automation

https://www.floqast.com/blog/introducing-floqast-ai-agents-revolutionizing-accounting-automation

Pipe Acquires Glean.ai to Add Spend Management to Suite of Embedded Financial Solutions

https://pipe.com/resources/press-releases/pipe-acquires-glean-ai-to-add-spend-management-to-suite-of-embedded-financial-solutions

​

Google Sheets Introduces AI-Powered =AI() Formula for Enhanced Productivity​
https://yourstory.com/2025/04/google-sheets-ai-formula-gemini

Scale enterprise search and agent adoption with Google Agentspace

https://cloud.google.com/blog/products/ai-machine-learning/google-agentspace-enables-the-agent-driven-enterprise

Sarah Friar’s LinkedIn Post … 

https://www.linkedin.com/posts/sarah-friar_what-an-ai-powered-finance-function-of-the-activity-7259765674506399744-IKQD

OpenAI CFO Sarah Friar: We are building a lot of IP down into the data center layer

https://www.cnbc.com/video/2025/03/20/openai-cfo-sarah-friar-we-are-building-a-lot-of-ip-down-into-the-data-center-layer.html

Introducing Visual Suite 2.0: Productivity, meet creativity

https://www.canva.com/newsroom/news/canva-create-2025/

Department of Justice Prevails in Landmark Antitrust Case Against Google

https://www.justice.gov/opa/pr/department-justice-prevails-landmark-antitrust-case-against-google

Dark Web Digest – Lessons Learned from the Wolters Kluwer Data Breach

https://www.purevpn.com/blog/dark-web-digest-issue-4-wolters-kluwer/

New HEC Paris research suggests that shadow adoption of ChatGPT could benefit employees but not the firms

https://www.hec.edu/en/news-room/new-hec-p...

What happens when a trade war meets bureaucratic red tape? In this episode, Blake and David dive into the explosive impact of 145% tariffs on Chinese goods and what it means for American businesses' bottom lines. Through real-world examples—from small retailers to tech giants like Apple—they break down how these policies could devastate supply chains and force difficult decisions for companies caught in the crossfire.

Meanwhile, the Department of Government Efficiency is shaking up the IRS, transforming a login button change from a 103-day project into a 71-minute fix. But that's not all: CPAs at private equity-owned firms are now being told to remove their credentials from email signatures and LinkedIn profiles. Tune in to understand how these seemingly separate issues reflect larger battles over professional identity, government efficiency, and America's economic future.

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• (01:40) - Weekly News Roundup

Show Notes

Department of Government Efficiency – X posting on re-engineering a 103-day project
https://x.com/DOGE/status/1910067646827057152

DOGE plans now reportedly include an IRS ‘hackathon’
https://www.theverge.com/news/644327/musk-doge-irs-hackathon-taxpayer-data-transfer-cloud

IRS Workers Get Final Chance to Take Deferred Resignation Offer
https://www.cpapracticeadvisor.com/2025/04/07/irs-workers-get-final-chance-to-take-deferred-resignation-offer/158668/

Appeals Court Clears Path for Trump to Resume Firing ...
https://www.nytimes.com/2025/04/09/us/politics/trump-federal-workers-firing.html

Elon Musk Secretly Working to Rewrite the Social Security Codebase Using AI
https://futurism.com/elon-musk-rewriting-social-security-code-ai

Pentagon hits Accenture, Booz Allen and Deloitte with contract cancellations
https://www.nextgov.com/acquisition/2025/04/pentagon-hits-accenture-booz-allen-and-deloitte-contract-cancellations/404525/?oref=ng-homepage-river

Here’s the iPhone. Here’s the iPhone With Tariffs.
https://www.wsj.com/tech/personal-tech/iphone-apple-tariffs-china-bb20c7a3

Between tariffs and survival, American business owners are doing alarming math
https://www.npr.org/2025/04/07/nx-s1-5352833/trump-tariffs-china-manufacturing-businesses

At Home Group, Stung by Trade War, Explores Bankruptcy
https://www.wsj.com/articles/at-home-group-stung-by-trade-war-explores-bankruptcy-853b9a83

How Much Revenue Can Tariffs Really Raise for the Federal Government?
https://taxfoundation.org/research/all/federal/universal-tariff-revenue-estimates/

IRS agrees to share tax information of undocumented immigrants with Ice
https://www.theguardian.com/us-news/2025/apr/08/irs-ice-tax-data

Acting IRS commissioner resigning after agency reaches data-sharing deal with immigration authorities
https://www.cnn.com/2025/04/08/politics/melanie-krause-acting-irs-commissioner-resigning/index.html

Accounting firm that sold out to private equity is now requiring CPAs that work for them to stop using "CPA" on their personal LinkedIn and in email signatures
https://www.reddit.com/r/Accounting/comments/1jx2338/accounting_firm_that_sold_out_to_private_equity/?rdt=47047

Shopify CEO: No new hires, unless you prove AI can’t do the job
https://thehill.com/policy/technology/5239841-shopify-ceo-ai-first-hiring

KPMG’s new AI bot has cut interview scheduling time by almost 60% and saved more than 1,000 hours for the talent acquisition team
https://finance.yahoo.com/news/kpmg-ai-bot-cut-interview-121831887.html

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...

Earmark Media Presents a bonus episode of Earmark Podcast:

Join Blake Oliver as he interviews Yuri Kapilovich, a CPA who's cracked the code on balancing work and life in accounting. Discover how Yuri maintains a thriving practice while working just 10-15 hours per week outside tax season and a maximum of 40 hours during crunch time. Learn actionable strategies for setting the right fees, optimizing workflows, and prioritizing fun and family without sacrificing success. Yuri will share his insights on transforming accounting from a grueling profession into an enjoyable and rewarding career. This webinar will equip you with practical tools to revolutionize your work-life balance and rediscover the joy in accounting. Don’t miss this opportunity to make your career more fulfilling and efficient!

(Originally recorded on December 4, 2024, on Earmark Webinars+)

Meet Our Guest, Yuri Kapilovich
LinkedIn: https://www.linkedin.com/in/ykapilovich/

Learn more about The Fun CPA
https://www.thefuncpa.co/

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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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The full transcript for this episode is available by clicking on the Transcript tab at the top of this page