Show Notes
Is AI about to break the billable hour? Blake and David unpack what they heard at a major AI tax summit, where new tools promise to prepare complex returns in minutes instead of hours. They also debate Intuit’s stock slide, Trump’s extraordinary IRS settlement, and what shrinking oversight at the PCAOB could mean. You’ll hear where AI is already changing accounting—and where humans still matter most.
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Chapters (00:00) - TAP 489
(02:24) - Blackor AI Tax Summit
(03:14) - AI Agents Disrupt Tax
(07:16) - Billable Hour Pressure
(09:00) - Advisory Future Forecast
(10:14) - Intuit Stock Shock
(12:29) - TurboTax vs Tax Pros
(17:31) - Intuit Layoffs Strategy
(20:04) - Trump IRS Settlement
(24:59) - PCAOB SEC Shakeup
(27:33) - OnPay Payroll Pitch
(28:42) - IRS Mystery Payments
(30:48) - Busy Season Burnout
(33:35) - California SaaS Tax Plan
(34:54) - Big Four AI Hallucinations
(36:48) - Are Consultants Replaceable
(40:03) - AI Job Loss Chart
(43:50) - Maxima Close Automation
(45:12) - Musk Tax Return Training
(46:03) - SpaceX IPO Breakdown
(50:11) - CPE and Listener Q&A
(52:51) - Wrap Up and Shoutouts
Show Notes Intuit Lays Off 3,000 Employees Amid AI Push https://officechai.com/ai/intuit-lays-off-3000-employees-amid-ai-push/ U.S. Government Agrees to Drop Tax Claims Against Trump in Broadening of IRS Settlement https://www.npr.org/2026/05/19/g-s1-122938/irs-trump-settlement-tax-returns-audit
DOJ Settlement 'Forever' Bars IRS Trump Audits, Sparks Backlash https://tax.thomsonreuters.com/news/doj-settlement-forever-bars-irs-trump-audits-sparks-backlash/
U.S. Audit Watchdog Should Rescind Its Independence Rules, SEC Official Says https://www.securitiesdocket.com/2026/05/08/u-s-audit-watchdog-should-rescind-its-independence-rules-sec-official-says-wsj/
The SEC's New SOX Group – Potential Impacts for Audit Firms, Their Professionals, and Future PCAOB Enforcement https://www.kslaw.com/news-and-insights/the-secs-new-sox-group-potential-impacts-for-audit-firms-their-professionals-and-future-pcaob-enforcement
IRS to Develop System to Track Missing Payments, TIGTA Says https://www.thetaxadviser.com/news/2026/may/irs-to-develop-system-to-track-missing-payments-tigta-says/
78% of Tax Pros Say Tax Season Negatively Impacts Personal and Professional Life https://www.cpapracticeadvisor.com/2026/05/26/78-of-tax-pros-say-that-tax-season-negatively-impacts-personal-professional-life/183912/
California Proposes Tax on All Digital Software Sales https://www.techtimes.com/articles/316734/20260516/californias-725-saas-tax-would-hit-every-business-running-microsoft-salesforce-workday.htm
EY Gets Busted and Yeets Cybersecurity Report Littered With AI Hallucinations https://www.goingconcern.com/ey-gets-busted-and-yeets-cybersecurity-report-littered-with-ai-hallucinations/
Investigation: Hallucinations in Ernst & Young Report on Loyalty Fraud https://gptzero.me/investigations/ey
Is AI Putting Graduates Out of Work Already? https://www.economist.com/finance-and-economics/2025/03/27/is-ai-putting-graduates-out-of-work-already
Musk's xAI Fails to Pay Staff $420 for Giving Tax Returns to Grok https://www.bloomberg.com/news/articles/2026-05-18/musk-s-xai-promised-staff-420-for-their-tax-returns-hasn-t-paid
SpaceX Files for IPO https://spacenews.com/spacex-files-for-ipo/
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