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The Accounting Podcast
Blake Oliver & David Leary
573 episodes
2 days ago
The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.
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All content for The Accounting Podcast is the property of Blake Oliver & David Leary 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.
The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.
Show more...
Business News
News,
News Commentary
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Intuit's $100m/yr OpenAI Deal & How Tech Companies Juice Profits
The Accounting Podcast
1 hour
6 days ago
Intuit's $100m/yr OpenAI Deal & How Tech Companies Juice Profits

Blake breaks down how AI can help with cost segregation and explains why AI currently works best on tasks that take humans 2-5 minutes. Michael Burry is betting against AI companies, claiming they're manipulating earnings by stretching server depreciation from 3-4 years to 5-6 years, adding billions to their bottom lines. Also covered: Intuit's $100 million annual OpenAI deal to integrate QuickBooks and TurboTax into ChatGPT, new bank evidence in the Rippling corporate espionage case, and a survey showing 10% of adults are acting on AI tax advice despite error rates up to 50%.

Sponsors
OnPay - http://accountingpodcast.promo/onpay
Relay - http://accountingpodcast.promo/relay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas


Chapters
  • (00:00) - Welcome to The Accounting Podcast
  • (00:49) - Blake's Illness and Recovery
  • (02:05) - Upcoming Topics
  • (04:06) - Cost Segregation Explained
  • (06:46) - AI in Cost Segregation
  • (11:15) - AI's Current Capabilities and Limitations
  • (19:10) - Intuit's OpenAI Deal
  • (22:01) - Intuit's Strategy and Industry Implications
  • (30:12) - Michael Burry's New Bet Against AI
  • (31:21) - Depreciation and AI Companies
  • (39:15) - Rippling vs. Deel: Corporate Espionage
  • (42:44) - New Jersey's Alternative Pathways Bill
  • (44:39) - AI's Role in Tax and Investing Advice
  • (47:37) - Defining Audit Quality: PCOB's New Initiative
  • (51:56) - FASB's Costly Lease Standard
  • (56:13) - Ancient Accounting Systems in Peru
  • (58:45) - Conclusion and Viewer Interaction
 


Show Notes

Coming soon!

Need CPE?

Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


Get in Touch

Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


Sponsorships

Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.


Need Accounting Conference Info? 

Check out our new website - accountingconferences.com


Limited edition shirts, stickers, and other necessities

TeePublic Store: http://cloudacctpod.link/merch


Subscribe

  • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
  • YouTube: https://www.youtube.com/@TheAccountingPodcast
  • Spotify: http://cloudacctpod.link/Spotify
  • Podchaser: http://cloudacctpod.link/podchaser
  • Stitcher: http://cloudacctpod.link/Stitcher
  • Overcast: http://cloudacctpod.link/Overcast


Classifieds
Collective by DBA - https://collective.cpa/ 

Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd


Transcripts

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

The Accounting Podcast
The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.