Think AI will free you from ‘mundane bookkeeping’ so you can do advisory? Blake and David say it’s the opposite. Hear how owners already use AI as a de facto CFO, why drafting narratives—not matching bank feeds—is the real win, what the ‘AI premium’ means in a billable-hour world, and the two numbers firm owners should track in 2026: monthly recurring revenue and bottom-line profit.

Sponsors
UNC - http://accountingpodcast.promo/unc
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TaxBandits - http://accountingpodcast.promo/taxbandits

Chapters

(01:35) - News Highlights and Sponsor Acknowledgements
(03:56) - AI in Small Business Accounting
(07:04) - AI's Impact on Accounting Tasks
(10:01) - Thought Leader Survey on AI in Accounting
(19:56) - AI Premium and Job Automation
(25:27) - Survey Answers from Accounting Thought Leaders
(25:54) - AI's Role in Strategy and Decision Making
(28:24) - Impact of AI on Competitive Landscape
(30:50) - AI's Effect on Costs in Accounting Firms
(31:54) - AI Replacing Staff Accountants
(33:24) - Personal Job Security and AI
(41:05) - AI Influencers and Future Experiments
(49:24) - Conclusion and CPE Information

Show Notes

These Small-Business Owners Are Putting AI to Good Use
https://www.wsj.com/tech/ai/small-business-ai-chatgpt-prompts-0c9a95c4

AI Thought Leaders Survey 2026: Process Predictions
https://www.accountingtoday.com/list/ai-thought-leaders-survey-2026-process-predictions

Tech Spending Outpacing People Spending as Firms Adopt AI
https://www.accountingtoday.com/list/tech-spending-outpacing-people-spending-as-firms-adopt-ai

How Much is the 'AI Premium?'

https://www.accountingtoday.com/list/how-much-is-the-ai-premium

AI Can't Replace Accountants. When Could It?

https://www.accountingtoday.com/list/ai-cant-replace-accountants-when-could-it

Accounting in 2026: The Year Ahead in Numbers
https://www.accountingtoday.com/list/accounting-in-2026-the-year-ahead-in-numbers

AI Vending Machine Lost $1,000 to Social Engineering
https://www.wsj.com/tech/ai/anthropic-ai-claude-vending-machine-c7baef6f

Anthropic's Project Vend Phase 2

https://www.anthropic.com/research/project-vend-2

Trump Commutes Sentence of Private Equity CEO Convicted of Fraud
https://www.cnn.com/2025/12/01/politics/david-gentile-trump-pardon

Trump Commutes 7-Year Prison Sentence of Former Private Equity CEO David Gentile
https://www.nbcnews.com/politics/white-house/trump-commutes-7-year-prison-sentence-former-private-equity-ceo-david-rcna246744

California's Controversial Wealth Tax Proposal Leaves Billionaires With Little Way Out
https://www.cnbc.com/2026/01/08/california-wealth-tax-proposal-leaves-billionaires-with-little-way-out.html

California Could Impose a Billionaire Tax. Here's How It Would Work
https://www.cbsnews.com/news/california-billionaire-tax-ballot-initiative-how-it-works/

New Tax on the Wealth of Billionaires

https://lao.ca.gov/BallotAnalysis/Initiative/2025-024

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Transcripts

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Can AI Replace “Thought Leaders”? A 2026 Reality Check

The Accounting Podcast

Can AI Replace “Thought Leaders”? A 2026 Reality Check