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.

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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

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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

NATP Breaks Up with Intuit & Fat Joe vs. BDO

The Accounting Podcast