AI for Tax Professionals: Beyond the Hype

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Federal Tax Updates

Roger Harris, EA and Annie Schwab, CPA

71 episodes

2 weeks ago

CPAs, Enrolled Agents, and Tax Preparers can keep up-to-date with the latest federal tax information while earning NASBA approved CPE credits and IRS approved CE credits by listening to the bi-weekly Federal Tax Updates podcast. The hosts Roger Harris and Annie Schwab have over 75 years of tax experience between them, which has been featured in various media outlets including Wall Street Journal, USA Today, The Morning Business Report, Bloomberg Business News, and Accounting Today.

All content for Federal Tax Updates is the property of Roger Harris, EA and Annie Schwab, CPA and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

AI for Tax Professionals: Beyond the Hype

Federal Tax Updates

59 minutes

1 month ago

AI for Tax Professionals: Beyond the Hype

Roger and Annie sit down with Blake Oliver, founder of Earmark, to cut through the AI confusion. Blake explains why AI is more like a brilliant Harvard-trained intern with amnesia than a tax professional replacement, sharing practical applications from document organization to quality control that can work in firms today. The conversation explores which AI tools are worth trying, why voice mode changes everything, and why tax professionals who start experimenting now are still early adopters, not late to the party.

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Chapters

(00:00) - Welcome to Federal Tax Updates
(01:19) - Guest Introduction: Blake Oliver
(03:27) - Diving into AI: Initial Thoughts and Comparisons
(07:58) - Understanding AI and Its Limitations
(15:47) - Effective Use of AI in Accounting
(21:41) - Choosing the Right AI Tools
(24:49) - Security and Cost Considerations
(30:46) - Best Practices and Pitfalls in AI Usage
(33:17) - AI Struggles with Tax Complexity
(34:34) - Human Verification in Tax Analysis
(35:01) - AI's Limitations and Cost
(36:29) - Misconceptions About AI in Tax
(40:25) - AI's Role in Administrative Tasks
(41:47) - AI in Quality Control and Research
(43:26) - AI in Radiology and Tax
(50:10) - Future of AI in Transportation
(53:05) - AI in Manufacturing and Economy
(56:17) - Adapting to AI in the Accounting Industry
(57:21) - Conclusion and Final Thoughts

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https://www.linkedin.com/in/blaketoliver
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Roger Harris
Annie Schwab

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This podcast is a production of Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

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