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Finally! A Tax Bill That Adds Up
Episode 382
Blake and David examine the latest tax legislation traveling through Congress, including a new bill requiring the IRS to provide detailed explanations for math errors on tax returns. They also discuss the IRS's new direct file program, the banning of non-compete agreements, and the coolest profession around (spoiler alert: it's not accounting). Lastly, they touch on the concerning data breach at BerryDunn and the AICPA's efforts to rebrand the CPA to attract more young people to the field.
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Chapters
- (02:40) - New proposed IRS Math Act
- (05:42) - IRS wraps first season with free file program
- (09:44) - "The Magician" tax preparer arrested for $100 million tax fraud
- (15:11) - The future of social security
- (19:01) - Sam Bankman-Fried makes a deal in civil suit
- (20:34) - FTC rules noncompetes are unlawful
- (25:32) - Ryan Tax Firm challenges FTC noncompete ruling
- (28:04) - QuickBooks Live announcement upsets accountants
- (41:10) - Anonymous listener says you can work normal hours and still make money
- (44:31) - Accountant charged with embezzling $800k from CA paving firm
- (47:39) - Ryanair CEO thinks more accountants should be running airlines
- (55:25) - Accounting firm sued for data leak
- (57:22) - CPA "Coolest Profession Around)
- (01:01:35) - What is "Accounting Plus"
- (01:06:38) - NASBA offers The Accountancy Licensing Library
- (01:10:00) - Thanks for listening and remember to subscribe
Show Notes
Accountant Charged With Embezzling $800,000 From Paving Firm in California - CPA Practice Advisor
Ryan Leads Charge Against Biden’s Ban on Noncompete Clauses - CPA Practice Advisor
Move Over, TurboTax? IRS Considers Expanding Free Tax-Filing Program – WSJ
Boeing Needs Another Accountant As CEO, Says Ryanair CEO – Avweb
https://www.avweb.com/aviation-news/boeing-needs-another-accountant-as-ceo-says-ryanair-ceo/
Ultra-Rich Should Pay More Taxes to Save Social Security, Poll Shows - CPA Practice Advisor
FTC Bans Noncompete Agreements That Restrict Job Switching – WSJ