We’re joined by Heidi Henderson, EVP at Engineered Tax Services, for our weekly roundup of news at the intersection of accounting and technology. Topics include: How the IRS plans to spend $80 billion over the next 10 years; the top five TikTok tax myths; security issues with AI chatbots; CLA voices support for MNCPA’s 150-hour alternative; why revenue is up 20% in the top 100 firms, and more!

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• (00:00) - CAP 327

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Show Notes

The accounting pipeline: 'Above all, try something'

https://www.accountingtoday.com/opinion/the-accounting-pipeline-above-all-try-something

ChatGPT Took Our CPA Public Accounting Test – Accountests Australia

https://www.au.accountests.com/blogs/news/chatgpt-took-our-cpa-public-accounting-test

The IRS reveals how it will spend its $80B               

https://www.accountingtoday.com/news/the-irs-reveals-how-it-will-spend-its-80b

GPT Predicts Which Jobs the AI will replace

https://www.reddit.com/r/Futurology/comments/128xl05/gpt_predicts_which_jobs_the_ai_will_replace/

CLA backs changes in 150-hour CPA requirement              

https://www.accountingtoday.com/news/cla-backs-changes-in-150-hour-cpa-requirement

File your taxes in 10 minutes? TurboTax says it’s possible with AI-powered ‘express lanes’

https://www.fastcompany.com/90875480/turbotax-irs-ai-file-taxes-phone-fast-lane

Collapse of FTX deprives academics of grants, stokes fears of forced repayment

https://www.reuters.com/technology/collapse-ftx-deprives-academics-grants-stokes-fears-forced-repayment-2023-04-06/

The Problem With the IRS Vow to Avoid Stepping Up Audits of Earners Under $400,000

https://www.wsj.com/articles/the-problem-with-the-irs-vow-to-avoid-stepping-up-audits-of-earners-under-400-000-6ffa5185

Healthy Wealthy & Wise Accountants     https://healthywealthywise.show/5

Three ways AI chatbots are a security disaster  | MIT Technology Review

https://www.technologyreview.com/2023/04/03/1070893/three-ways-ai-chatbots-are-a-security-disaster/

Accounting firm sets retirement age at 85 to avert staffing crisis | Accounting Today

https://www.accountingtoday.com/opinion/accounting-firm-sets-retirement-age-at-85-to-avert-staffing-crisis

CLA backs changes in 150-hour CPA requirement | Accounting Today

https://www.accountingtoday.com/news/cla-backs-changes-in-150-hour-cpa-requirement

The IRS reveals how it will spend its $80B | Accounting Today

https://www.accountingtoday.com/news/the-irs-reveals-how-it-will-spend-its-80b

ChatGPT Took Our CPA Public Accounting Test – Accountests Australia

https://www.au.accountests.com/blogs/news/chatgpt-took-our-cpa-public-accounting-test

Connect with Heidi Henderson
Website: http://engineeredtaxservices.com
LinkedIn: https://www.linkedin.com/in/heidihendersonets/

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