About this episode
Blake and David touch on several hot topics in the accounting world, including the fallout from Intuit's controversial TurboTax ad, and the National Association of Tax Preparers cutting ties with the company. They also examine Trump Jr.'s threats against Deloitte, KPMG's support for alternative pathways to CPA licensure, and rapper Fat Joe's recent experiences with BDO. Sponsors LiveFlow - http://accountingpodcast.promo/liveflow Ignition - http://accountingpodcast.promo/ignition Mercury - http://accountingpodcast.promo/mercury Chapters (01:16) - Controversial Intuit Ad Campaign (03:29) - Blake's Grand Canyon Adventure (04:49) - Intuit's Industry Fallout (09:58) - Tax Preparation Fee Calculator (14:34) - NATP's AI Transition (22:01) - Trump Jr. vs. Deloitte (24:17) - Trump's Tax Policy for Expats (28:08) - Popular Tax Proposals (34:42) - App News: Numeric's Big Funding Round (35:46) - Understanding Flux Analysis (37:11) - AI in Accounting: Real-World Applications (40:38) - Tax Season Tips and Client Management (43:27) - CPA Licensure and Industry Challenges (53:33) - Auditor Misconduct and SEC Rulings (57:54) - Celebrity Financial Scandals: Fat Joe's Case (01:13:59) - Closing Remarks and Upcoming Adventures Show Notes TurboTax ‘Breakup’ Ad Draws Ire From Tax Pro Org https://tax.thomsonreuters.com/news/turbotax-breakup-ad-draws-ire-from-tax-pro-org/ Deloitte takes fire from Trump-Vance allies over leaked employee messages https://thehill.com/business/4919910-deloitte-employee-trump-criticism/ Trump supports ending double taxation on Americans living abroad: ‘Let’s put America First’ https://nypost.com/2024/10/14/business/former-president-donald-trump-supports-ending-double-taxation-on-americans-living-abroad/ KPMG Supports Alternative CPA Paths to Address Accountant Shortage https://tax.thomsonreuters.com/news/kpmg-supports-alternative-cpa-paths-to-address-accountant-shortage SEC Drops Auditor Misconduct Cases After In-House Judges Ruling https://news.bloombergtax.com/financial-accounting/sec-drops-auditor-misconduct-cases-after-in-house-judges-ruling Fat Joe Suing Accountants Over Fraud Activity https://www.bet.com/article/dh3bcc/fat-joe-suing-accountants-over-fraud-activity Numeric grabs $28M Series A to automate accounting using AI https://techcrunch.com/2024/10/10/numeric-grabs-28m-series-a-for-automating-accounting-with-ai/ Ex-Tingo Auditor Aided, Concealed ‘Massive Fraud,’ SEC Claims https://news.bloombergtax.com/financial-accounting/ex-tingo-auditor-aided-concealed-massive-fraud-sec-claims Fat Joe On Getting Robbed By Accountants, Using The N-Word, BET Hip Hop Awards + More https://www.youtube.com/watch?v=xL3RV6SHY4E Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com 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. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus . Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser: http://cloudacctpod.link/podchaser Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast Classifieds Forwardly - https://www.forwardly.com/ Client Hub - https://clienthub.app/ Coefficient - http://accountingpodcast.promo/coefficientexpo Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page