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Cut Your Tech Stack 50%, Threat to CPA in Florida, IRS Cuts Recap
Podcast: The Accounting Podcast (LS 50 · TOP 0.5% what is this?)
Episode: Cut Your Tech Stack 50%, Threat to CPA in Florida, IRS Cuts Recap
Pub date: 2025-05-16
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What if your firm could cut its tech stack in half while delivering faster results to clients? In this episode, Blake and David explore the consolidation revolution in accounting software as practice management tools secure massive funding rounds. They also break down how private equity is reshaping the profession's business model, with some firms now prohibiting CPAs from using their credentials in email signatures. Plus, discover why a proposed Florida bill eliminating the Board of Accountancy could have nationwide implications for licensed professionals. Learn why shorter turnaround times—not lower prices—might be your most cost-effective path to happier clients in today's AI-transformed landscape.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Relay - http://accountingpodcast.promo/relay
REFRAME 2025 - http://accountingpodcast.promo/reframe2025
Payhawk - http://accountingpodcast.promo/payhawk
Chapters
- (01:14) - Today's Topics Overview
- (03:53) - Travel Stories and Observations
- (05:14) - Conference Highlights and Industry Insights
- (16:50) - Florida CPA Threat and Licensing Issues
- (21:21) - Private Equity in Accounting Firms
- (39:39) - IRS Workforce Reduction Update
- (44:04) - IRS and ICE Data Sharing Agreement
- (45:42) - Proposed Bill to Regulate Tax Preparers
- (47:37) - Americans' Perception of Tax Fairness
- (52:16) - Improving Client Satisfaction in Tax Services
- (01:01:36) - Consolidation in Accounting Tech: Xero and Bill.com
- (01:03:43) - Gusto Expands into AR and AP
- (01:12:02) - The Impact of AI on Accounting Jobs
Show Notes
Firms with AI report higher per-employee revenue vs others
https://www.accountingtoday.com/news/firms-with-ai-report-higher-per-employee-revenue-vs-others
50% of finance teams still take over a week to close the books
https://www.cfo.com/news/50-of-finance-take-week-to-close-books-ledge-month-end-close-time-cfo-three-day-close-myth-/746085/
Shorter Turnaround Equals Happier Tax Clients
https://www.cpatrendlines.com/2025/05/shorter-turnaround-equals-happier-tax-clients/
Less than half of Americans believe federal income taxes are fair, Gallup poll finds
Published on 7 months, 1 week ago