In this episode, Blake and David talk about the lack of audits hurting the profession, alternatives to tracking hours, whether to pursue a CPA or EA, and salary advice for new accountants. Next, they tackle a ton of news including AI integration in Mailchimp, the launch of FedNow Payment Network, the ROI of IRS audits, and the UK's Making Tax Digital rollout. Remote work, the ESG startup Omnevue securing $3 million in funding, Xero's third price increase in two years and Intuit's response, and more round out the show!

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• (00:00) - PREVIEW: Lack of audits is hurting the accounting profession

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Show Notes

How much did Congress lose by defunding the IRS? Way more than we thought.

https://www.washingtonpost.com/opinions/interactive/2023/irs-enforcement-costs-congress-funding/

Elon Musk Calls Remote Work Morally Wrong 'Bullshit'    

https://www.businessinsider.com/elon-musk-remote-work-morally-wrong-get-off-high-horse-2023-5

ESG accounting startup Omnevue secures $3.1 million in Seed funding

https://www.finextra.com/pressarticle/97225/esg-accounting-startup-omnevue-secures-31-million-in-seed-funding

Credit Unions Gear Up to Build Instant Payments Ecosystems as FedNow Looms

https://www.pymnts.com/credit-unions/2023/credit-unions-prepare-build-instant-payments-ecosystems-fednow-looms/

FedNow’s Rollout Will Spur ‘Major Shift’ for Businesses and Digital Wallets, Says Trustly

https://www.pymnts.com/news/faster-payments/2023/fednows-rollout-will-spur-major-shift-for-businesses-and-digital-wallets-says-trustly/

Fintech ForwardAI, An Aggregated Direct Data Access Provider To Accounting And ERP Platforms, Launches

https://www.crowdfundinsider.com/2023/06/208515-fintech-forwardai-an-aggregated-direct-data-access-provider-to-accounting-and-erp-platforms-launches-forwardly/

Rethinking the CPA 150-hour requirement: There must be a change

https://www.firmofthefuture.com/training-and-certification/rethinking-150-hour-requirement/

Government execution of MTD ‘out of control’ as costs spiral

https://www.accountancyage.com/2023/06/16/government-execution-of-mtd-out-of-control-as-costs-spiral/

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