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IRS Agents Working From Home Can Watch H&R Block Reality TV Show
Episode 375
We're celebrating surpassing 10,000 YouTube subscribers! Thank you! Blake and David look into H&R Block's new reality show about teaching people life skills like doing their taxes. They also talk about workflow automation challenges for accounting firms, how the IRS is contacting wealthy non-filers, and the Trump Organization CFO pleading guilty to perjury. They also break down the SEC's extensive new climate disclosure rules and the job opportunities this could create for accountants.
Sponsors
FreshBooks - http://accountingpodcast.promo/freshbooks
Relay - http://accountingpodcast.promo/relay
Webgility - http://accountingpodcast.promo/webgility
Chapters
- (03:04) - H&R Block is creating a reality TV show
- (08:51) - WSJ Op-Ed says IRS agents shouldn't work from home
- (12:21) - The Accountant 2 gets a big tax credit
- (14:42) - South Carolina finds $2 billion in bank account
- (20:49) - Bloomberg article on the lack of accountants
- (23:18) - Regional banks in trouble?
- (27:00) - Lyft being sued by their shareholders
- (29:39) - Is bad workflow automation the cause of bad work/life balances?
- (37:42) - CPA Trendlines: "Which Niche is the Best Niche?"
- (46:28) - TurboTax and H&R Block are using AI giving awful tax advice
- (50:12) - Blake shares new SEC rule's GPT he made
- (53:19) - AI and data privacy concerns
- (55:48) - Can AI predict when you'll die?
- (01:01:37) - Former Trump CFO Allen Weisselberg pleads guilty to perjury
- (01:03:56) - Thanks for listening and remember to subscribe
Show Notes
2024 Report: The State of Accounting Workflow Automation
https://financial-cents.com/resources/articles/2024-report-state-of-accounting-workflow-automation/
Gartner Survey Shows That a Third of Accountants Make Several Financial Errors Per Week due to Capacity Constraints
The U.S. is short 340,000 accountants-just look at the wave of earnings report mistakes
https://fortune.com/2024/03/01/accounting-shortage-earnings-report-mistakes/
Intuit, H&R Block tax AIs critiqued on accuracy
SC accounting error gets renewed focus over $1.8B sitting in state bank account
https://www.southcarolinapublicradio.org/sc-news/2024-03-05/legis-treasurermoney
Ex-Trump Org CFO Pleads Guilty to Perjury in Fraud Case
H&R Block to Release Short Format Comedy Streaming Series, “Responsibility Island”