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 earmarkcpe.com.SponsorsOnPay - https://cloudaccountingpodcast.promo/onpayRelay - https://cloudaccountingpodcast.promo/relayForwardly - https://cloudaccountingpodcast.promo/forwardlyChapters
(00:04) - Preview: Accounting firms will transition to corporations

(01:00) - Blake and David are back from their trips

(05:03) - A 15-year-old in Mississippi has passed the CPA exam

(07:00) - Jennifer asks about TAP's TurboTax Live Business experience

(10:05) - Mackenzie's voicemail re: accounting shortage

(18:37) - BDO USA is shifting from a partnership to a corporation

(20:55) - EY officially announces it has called off "Project Everest" but is still the number one US audit firm for public companies

(24:25) - M365 Co-Pilot updates

(29:50) - Thomson Reuters announces $100 million per year AI investment

(32:04) - Avalara launches a sales tax calculator in ChatGPT

(36:17) - Gusto hires former head of data science and analytics from Google

(37:09) - Taxfyle releases AI tax-prep bot

(39:04) - New York announces new AI law for hiring

(44:15) - A few more quick tech stories and the problems with client portals

(47:06) - Wrapbook wrap-up

(51:45) - Where to reach David and Blake
Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesTech News: TaxFyle releases AI tax prep bot          https://www.accountingtoday.com/list/tech-news-taxfyle-releases-generative-ai-tax-prep-bot Why everyone is mad about New York’s AI hiring lawhttps://www.technologyreview.com/2023/07/10/1076013/new-york-ai-hiring-law/ Mississippi youth passes CPA Exam – at Age 15https://www.journalofaccountancy.com/news/2023/jun/mississippi-youth-passes-cpa-exam-at-age-15.html BDO USA is Shifting From a Partnership to a Corporation - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/06/26/bdo-usa-is-shifting-from-a-partnership-to-a-corporation/81445/ Gusto hires former Google exec to add AI to products | Accounting Todayhttps://www.accountingtoday.com/news/gusto-hires-former-google-exec-to-add-ai-to-products KPMG cuts 5% of U.S. workforce | Accounting Today        https://www.accountingtoday.com/news/kpmg-cuts-5-of-u-s-workforce KPMG’s Big Four Dominance on Bank Audits Shaken by Failureshttps://news.bloombergtax.com/financial-accounting/kpmgs-big-four-dominance-on-bank-audits-shaken-by-failures Thomson Reuters adding AI to tax software | Accounting Todayhttps://www.accountingtoday.com/news/thomson-reuters-adding-ai-to-tax-software EY Tops Rival Audit Firms in Public Company Clients - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/06/20/ey-tops-rivals-in-public-company-audit-clients/81193/ Shopify vows to fight CRA request to hand over records from more than 121,000 Canadian businesseshttps://www.ctvnews.ca/business/shopify-vows-to-fight-cra-request-to-hand-over-records-from-more-than-121-000-canadian-businesses-1.6454822 Accounting firm EY calls off ‘Project Everest’ to break up firm ...https://www.dailymirror.lk/business/Accounting-firm-EY-calls-off-Project-Everest-to-break-up-firm/215-261867 Finance Automation Platform Ramp Acquires AI Startup Cohere.iohttps://www.pymnts.com/artificial-intelligence-2/2023/finance-automation-platform-ramp-acquires-ai-startup-cohere-io/ BDO USA is Shifting From a Partnership to a Corporation https://www.cpapracticeadvisor.com/2023/06/26/bdo-usa-is-shifting-from-a-partnership-to-a-corporation/81445/  M365 Copilot, Microsoft’s generative AI tool, explainedhttps://www.computerworld.com/article/3700709/m365-copilot-microsofts-generative-ai-tool-explained.html Intuit Supercharges Intuit GenOS with OpenAI’s Large Language Mod