Discover how abandoning outdated structures can attract top talent, improve performance metrics, and revolutionize client satisfaction.

Discover how a future CPA earned a bachelor's and master's degree in accounting in just over four months through Western Governors University (WGU). This dedicated father balanced work, family, and intense study to achieve 150 CPA credit hours in record time, spending under $10,000 for both degrees. Explore the flexible, competency-based learning model revolutionizing accounting education and career advancement.

It’s time to separate mobility fact from fiction in the 150-hour debate,. David Knoble, Chair of the South Carolina Association of CPAs, joined my podcast — The Accounting Podcast — to bust myths and clarify the nuances around CPA mobility. Here are just a few myths he busted.

In a recent podcast episode, I interviewed gambling tax expert Zak Zimbile on strategies to minimize taxes on gambling income. Zak shared insider tips from over a decade of experience advising gamblers nationwide.

To help cut through the economic uncertainty, I recently spoke with Gusto’s Chief Economist, Liz Wilke, PhD, on my podcast.

In this video, I test whether ChatGPT, the generative AI chatbot from OpenAI, can pass the CMA Exam. I found some CMA exam practice questions on the IMA website and copied them into ChatGPT without any other context.

Did you see the Barbie movie? In the movie, Barbie's creator Ruth Handler makes an off-hand mention of her IRS problems — but that’s wrong.

During a recent conference presentation on AI and accounting, I discussed both the promise and limitations of artificial intelligence. One audience member asked a thoughtful question - how do we ensure the accuracy of AI?

We're talking about Judge Analisa Torres' decision in the SEC v Ripple case in federal court. How does this make any sense?

Watch the recording of my presentation at ExpensiCon about how generative AI will transform the accounting profession for the better.

Tax pros - want an inside look at TurboTax's new full-service offering for business returns? My business partner David Leary and I just went through the process of using TurboTax LIVE Full Service for our partnership return and recorded our experience in a new video.

I had the pleasure of spending some quality time last night with Jerry Maginnis, a seasoned executive in the accounting field whose vast experience spans various leadership roles, including serving as the Office Managing Partner for KPMG's Philadelphia Office and now contributing to the success of organizations like Cohen & Steers Mutual Funds, inTEST Corporation, and Centri Business Consulting, LLC.

ChatGPT scored 18 out of 20 on the Debits & Credits test. The score to show an intuitive understanding is 15 out of 20.

If we want a robust, dynamic, and inclusive accounting profession, we need to remove costly and unnecessary barriers to becoming a CPA. In my latest article on the Firm of the Future blog, I delve into the challenges associated with the CPA 150-hour education requirement.

I had the pleasure of speaking with Ariel Menche, Strategic Finance Advisor at Raftel Strategy, on my latest podcast episode. With a fascinating blend of experiences ranging from WWE to anime and finance, Ariel brings a unique perspective to the table.

Gary Bolinger writes in Accounting Today that "the 150-hour rule is not the problem" and recommends that a solution to the talent shortage is "partners need to share the wealth" by increasing starting salaries.

The accounting treatment of mortgage-backed securities (MBS) on bank balance sheets can distort the true financial health of banks and mislead investors. The current practice of classifying MBS as "hold-to-maturity" investments enables banks to manage earnings and hide their financial position. Therefore, the Financial Accounting Standards Board (FASB) should prioritize transparency and accountability by reevaluating this practice, which can promote a more stable financial system.

Get a CPA's perspective on how to prevent another startup bank run, as we dive into the complexities of FDIC protection, financial statements, and investor risk assessment in the world of startups. Learn why increased regulation may not be the answer and how a transformed financial reporting system could empower investors. Let's reimagine investor protection and the future of accounting.

Get a comprehensive rundown of the accounting apps affected by the closure, find out what this means for SVB depositors, and get valuable tips on how you can best communicate these changes to your clients. Don't miss this opportunity to make sure you're prepared during this time of uncertainty.

What is the cost of the 150-hour rule to becoming a CPA in the US? Based on my calculations, the accounting profession spends at least $2 billion per year on the fifth year of education. The cost to each candidate often exceeds $100,000. Read my post on Accounting Today to learn how I got to that number.

Learn how technology can help you increase conversions and revenue as an accounting firm owner by tuning in to this episode of the Abundant Accountant podcast. I had a great time with Michelle talking about how to use technology to automate processes and stand out from the competition.

In Episode 315 of the Cloud Accounting Podcast, I asked ChatGPT to fire David Leary as a client. Why? Because he insists on composing all his emails with ALL CAPS ALL THE TIME. The perfect sort of client to fire with AI.

What is the most reliable way to live a happy life? I posed that question to Notion AI. This is what it gave me back.

Why does tax have a busy season? Maybe it doesn't have to be this way. A recent conversation gave me an idea for how to solve it.

Tune in every other week for updates from Padgett President Roger Harris and Franchisee Operations Manager Annie Schwab, who have a combined total of more than 75 years of expertise in the field of taxation. With their wealth of knowledge, they will be providing commentary on the latest developments in the profession, as well as offering insights into filing strategies, tax law changes and more.

Who is to blame for the Southwest Airlines meltdown? The pilots are blaming the accountants! Not the accountants in the finance department, though.