Podcast Episode Details

Accounting Majors Up 12% & IRS Delays Buyout Offer

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Episode 422

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Blake and David tackle several key accounting industry developments, including a surprising 12% increase in undergraduate accounting enrollment and ongoing debates about IRS staffing and operations. They explore the potential impact of changes to Illinois's 150-hour CPA licensing rule, examine Elon Musk's controversial claims about government spending, and share insights about AI advancements in accounting firms.

Sponsors
OnPay - http://accountingpodcast.promo/onpay
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Chapters

• (00:00) - Welcome to The Accounting Podcast
• (03:37) - Government Employee Buyout Offer Update
• (09:24) - Undergraduate Accounting Enrollment Surge
• (12:38) - Illinois Proposes New CPA Pathways
• (14:25) - Elon Musk and IRS Direct File Controversy
• (18:16) - Doge's Access to Treasury Systems
• (26:53) - Tax Exemption on Tips: A Double-Edged Sword
• (30:19) - The Hidden Costs of Automation
• (38:03) - AI in Accounting: Current Innovations
• (47:03) - BDO Lawsuit: Inflated Revenues and ESOP
• (50:57) - Closing Remarks and Announcements

 

Show Notes

IRS Confirms Filing Season, Taxpayer Advocate Staff Exempted From Buyout

https://tax.thomsonreuters.com/news/irs-confirms-filing-season-taxpayer-advocate-staff-exempted-from-buyout/

 

Undergraduate Accounting Enrollment Rose 12% in Fall 2024

https://www.aicpa-cima.com/news/article/undergraduate-accounting-enrollment-rose-12-in-fall-2024

 

Bipartisan State House Bill Would Create Additional Pathways to CPA Licensure in Illinois

https://www.cpapracticeadvisor.com/2025/02/04/bipartisan-state-house-bill-would-create-additional-pathways-to-cpa-licensure-in-illinois/155537/

 

Elon Musk creates confusion about IRS’ Direct File — but the free tax program is still available

https://apnews.com/article/irs-direct-file-musk-18f-6a4dc35a92f9f29c310721af53f58b16

 

About 18F

https://18f.gsa.gov/about/#:~:text=18F%20is%20a%20team%20of,improve%20public%20service%20through%20technology

 

Elon Musk’s Team Now Has Access to Treasury’s Payments System

https://www.nytimes.com/2025/02/01/us/politics/elon-musk-doge-federal-payments-system.html

 

Trump Tax Proposals: Details & Analysis

https://taxfoundation.org/research/federal-tax/trump-administration-tax-proposals/

 

Agentic AI: Small steps, big aspirations at accounting firms

https://www.accountingtoday.com/news/agentic-ai-small-steps-big-as

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Published on 10 months, 2 weeks ago