The Accounting Podcast

Who Gets No Tax on Tips, Why Firms Struggle With Tech, Xero Updates


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Are AI “super agents” like Xero’s Jax actually useful—or just shiny chatbots? Blake and David unpack Xerocon announcements, why embedded agents lack context, smarter way to automate bank feeds with rules, the leaked “no tax on tips” job list and planning opportunities, IRS staffing whiplash, plus what billion‑dollar AI pledges from big firms really mean. Walk away with practical steps to deploy AI that saves hours without losing control.

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Chapters
  • (00:00) - Introduction and Podcast Overview
  • (00:45) - Continuing Professional Education (CPE) Credits
  • (03:20) - Live Stream Interactions and Coffee Talk
  • (04:09) - Upcoming Deadlines and Tax Season Tips
  • (05:52) - Upcoming Conferences and Events
  • (14:48) - Blake's New Book Announcement
  • (24:27) - No Tax on Tips Discussion
  • (28:57) - IRS Workforce Challenges
  • (31:41) - State Tax Implications for NFL Players
  • (36:22) - Xero Con and AI Financial Super Agent
  • (37:51) - Analyzing Gross Profit Trends
  • (39:43) - Limitations of AI in Accounting
  • (42:12) - AI-Powered Bank Reconciliation
  • (49:47) - Automating Invoice Creation with AI
  • (55:01) - Grant Thornton's AI Investment
  • (01:02:16) - The Future of AI in Accounting
  • (01:13:03) - AI's Impact on Accounting Jobs
  • (01:21:26) - Implementing AI in Accounting Firms
  •  


    Show Notes

    Treasury names jobs for Trump's 'no tax on tips' deduction
    https://www.cnbc.com/2025/09/03/treasury-trump-no-tax-on-tips-jobs.html

    Scoop: List of jobs covered by Trump's "no tax on tips" (See if you qualify)
    https://www.axios.com/2025/09/01/no-tax-on-tips-jobs-trump-bill

    Workers in 68 occupations may soon be exempt from paying taxes on tips, including some surprising jobs
    https://www.cbsnews.com/news/no-tax-on-tips-trump-big-beautiful-bill-68-occupations-heres-who/

    IRS is canceling its layoff plans, will ask some it fired or pushed out to return
    https://www.govexec.com/workforce/2025/08/irs-canceling-its-layoff-plans-will-ask-some-it-fired-or-pushed-out-return/407620/

    The IRS is Downsizing: Key Divisions Most Affected in 2025
    https://sandbergphoenix.com/the-irs-is-downsizing-key-divisions-most-affected-in-2025/

    Grant Thornton Advisors investing $1 billion to arm the multinational workforce across its platform with powerful AI tools and technology
    https://www.businesswire.com/news/home/20250904414830/en/Grant-Thornton-Advisors-investing-$1-billion-to-arm-the-multinational-workforce-across-its-platform-with-powerful-AI-tools-and-technology

    Grant Thornton Advisors to Sink $1 Billion Over Three Years on AI
    https://www.cpapracticeadvisor.com/2025/09/05/grant-thornton-advisors-to-sink-1-billion-over-three-years-on-ai/168500/

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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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    Transcripts

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

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    The Accounting PodcastBy Blake Oliver & David Leary

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    4.4

    322 ratings


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