Is private equity betting on the wrong accounting firms? Blake and David break down CBIZ’s stock slide, why investors may be losing faith in the traditional firm model, and how AI could help smaller firms compete far above their size. They also cover Starbucks ditching AI inventory counts, Microsoft reining in AI tool costs, and what all of it means for accountants navigating automation, pricing, and the future of firm growth.

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Chapters

(00:00) - TAP 490
(02:53) - CBIZ Stock Slide
(06:13) - AI Threat to Firm Models
(11:32) - EisnerAmper Anti AI Take
(15:42) - Livestream Shoutouts
(16:13) - New England CPA Society Merge
(20:42) - Starbucks Kills AI Inventory
(23:34) - NASBA Exam Data Mess
(26:34) - Phoenix Call Center Jobs and AI
(28:36) - Will AI Really Kill Jobs
(31:09) - Spreadsheets Then AI Now
(33:07) - Automation Enables CFO Services
(35:08) - Microsoft AI Token Shock
(36:31) - Managing Token Spend
(39:27) - AI Architect Role
(43:36) - Trump IRS Settlement Reopened
(45:04) - Beneficial Ownership Bill
(45:52) - Newsom 100% Tax Threat
(46:57) - KPMG Australia Whistleblower
(49:35) - Xero Force No Code Agents
(54:03) - Xero Earnings Melio Impact
(59:03) - Vibe Coding Real Examples
(01:02:35) - Wrap Up Earmark CPE

Show Notes

What Can We Learn from CBIZ?

https://www.accountingtoday.com/opinion/what-can-we-learn-from-cbiz

EisnerAmper on Accounting for AI

https://www.privatefundscfo.com/eisneramper-on-accounting-for-ai/

State Societies Merge to Form New England Society of CPAs

https://www.accountingtoday.com/news/state-societies-merge-to-form-new-england-society-of-cpas

Starbucks Kills Off Its Automated Counting AI Tool After Just 9 Months

https://www.goingconcern.com/starbucks-kills-off-its-automated-counting-ai-tool-after-just-9-months-because-it-sucked-at-counting/

NASBA's CPA Exam Reporting Problems Are Improving, But Not Solved

https://www.accountingtoday.com/opinion/nasbas-cpa-exam-reporting-problems-are-improving-but-not-solved

Phoenix Built an Empire of Cubicle Jobs. AI Is Coming to Tear It Down.

https://www.wsj.com/economy/jobs/phoenix-jobs-ai-call-centers-1ca1c3b3

Why the A.I. Job Apocalypse (Probably) Won't Happen

https://www.nytimes.com/2026/05/03/opinion/ai-jobs-unemployment.html

Microsoft Cut Its Engineers Off from AI Because the Bill Got Too Big

https://fortune.com/2026/05/22/microsoft-ai-cost-problem-tokens-agents/

Does Your Firm Need an AI Architect?

https://www.accountingtoday.com/opinion/does-your-firm-need-an-ai-architect

Judge Reopens Trump's $10 Billion IRS Lawsuit

https://www.notus.org/donald-trump/trump-irs-suit-investigate-collusion

Newsom Vows California Will Impose 100% Tax on Trump's Anti-Weaponization Fund

https://abc7.com/post/newsom-vows-california-will-impose-100-tax-trumps-18-billion-anti-weaponization-fund/19188298/

AICPA Backs Bill Limiting Beneficial Ownership Reporting

https://www.accountingtoday.com/news/aicpa-backs-bill-limiting-beneficial-ownership-reporting

KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Scandal

https://www.internationalaccountingbulletin.com/news/kpmg-australia-ceo-andrew-yates-resigns-amid-whistleblower-scandal/

Xero FY26 Result: Revenue Surges 31% but Profit Dips Due to Melio Acquisition Costs

https://www.fool.com.au/2026/05/14/xero-fy26-result-revenue-surges-31-but-profit-dips-due-to-melio-acquisition-costs/

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What CBIZ Means for PE, Starbucks Kills Off AI Inventory Counting

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What CBIZ Means for PE, Starbucks Kills Off AI Inventory Counting