Finally! A Tax Bill That Adds Up The Accounting Podcast

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            
https://www.cpapracticeadvisor.com/2024/04/25/virginia-accountant-charged-with-embezzling-800000-from-richmond-paving-firm/104508/
 
Ryan Leads Charge Against Biden’s Ban on Noncompete Clauses - CPA Practice Advisor
https://www.cpapracticeadvisor.com/2024/04/26/ryan-leads-charge-against-bidens-ban-on-noncompete-agreements/104537/
 
Move Over, TurboTax? IRS Considers Expanding Free Tax-Filing Program – WSJ
https://www.wsj.com/personal-finance/taxes/irs-considers-expanding-free-tax-filing-program-8f68cc9a?st=0akqqiu2v0gjb8v
 
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
https://www.cpapracticeadvisor.com/2024/04/25/ultra-rich-should-pay-more-taxes-to-save-social-security-poll-shows/104458/
 
FTC Bans Noncompete Agreements That Restrict Job Switching – WSJ
https://www.wsj.com/politics/policy/ftc-bans-noncompete-clauses-that-restrict-job-switching-984d2187?st=sxhwibcr49evqxc
 
Bronx tax preparer known as "the magician" arrested for $100 million tax fraud | ADN América
https://adnamerica.com/en/new-york/bronx-tax-preparer-known-magician-arrested-100-million-tax-fraud
 
With close calls mounting, the FAA will require more rest for air traffic controllers
https://www.npr.org/2024/04/22/1246349237/close-calls-faa-air-traffic-control-fatigue
 
New bill would force IRS to explain tax return errors | The Hill
https://thehill.com/business/4602429-new-bill-would-force-irs-to-explain-tax-return-errors/
 
The Accountancy Licensing Library: Your Ultimate Resource for CPA Licensure | NASBA
https://nasba.org/blog/2024/04/01/the-accountancy-licensing-library-your-ultimate-resource-for-cpa-licensure/
 
The cost of doing your taxes are up nearly 10% this year – Marketplace
https://www.marketplace.org/2024/03/15/tax-preaparation-costs-up-nearly-10-percent/
Sam Bankman-Fried agrees to help FTX investors in lawsuits against Tom Brady, Larry David
https://nypost.com/2024/04/22/business/sam-bankman-fried-agrees-to-help-ftx-investors-in-lawsuits-against-tom-brady-larry-david/
 
Intuit Hosting 'QuickBooks Live' We