When accounting goes unaccounted for. Tips: 202-505-8885 • [email protected]

Joined June 2009
Tips are the lifeblood of GC, without them it's hard for us to make fun of your firm for doing stupid things. Share those stupid things with the class so we can all laugh.
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Normalize cutting the tension in a meeting by ending it with, “We’re all gonna die one day, so none of this really matters.”
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More like relieved.
Just texted my CPA letting him know that my grok bot did the whole bookkeeping for the month. (won't be using his services anymore) This reaction below is all I got... I guess he's pissed. 🫢
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ANR: Public Accounting Salaries Paltry Bump in 2027 • Finance Leaders Shopping for CAS Partner • Career Ladder Is Out - mailchi.mp/accountingfly/pub…
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"The incident ⁠came to light when a KPMG employee sent a draft audit report marked 'OFFICIAL: Sensitive' from a KPMG email account rather than from a specifically-assigned account for Services Australia."
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Now that tax season is over and you had a few days to recuperate, get on with firing those clients you know need to go. There will be plenty more to take their place.
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Going Concern retweeted
The public will soon be able to view Tax Court motions remotely through the Tax Court’s electronic filing and case management system rather than having to file a records request or visit the courthouse. taxnotes.co/4zGm5rA
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Going Concern retweeted
Happy 40th birthday to the Internal Revenue Code of 1986, to all who observe!
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Someone sent me this. #TaxTwitter
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When the engagement is going to shit but you already have an industry offer lined up
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ANR: PwC Ekes Past EY With $60.2 Billion in Reported Global Revenue • Deloitte Starts Week With Layoffs • Do More Fraud To Save Accounting Profession? - mailchi.mp/accountingfly/pwc…
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Going Concern retweeted
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Going Concern retweeted
It's interesting what AI is doing to hourly advising. I do annual one-hour reviews for clients who ask. Recently, a few clients sent 50+ pages of AI-generated reports on their finances, along with a 15-tab AI spreadsheet and 85 AI-generated questions. They deliver all this the morning of the call "for review prior to speaking." 😂 I'm good, but not that good.
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Just got an ad for an AI service that mails postcards and "handwritten-style" letters for you. What are we doing.
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Going Concern retweeted
Pounding my head into a table is more enjoyable than trying to understand how to properly navigate AI usage within 7216 as a small tax firm.
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Going Concern retweeted
Okay, I'll say it. The AICPA and IRS are doing serious damage to tax pros as it relates to AI. Every day there is another "I'm firing my idiot CPA because my frontier model found an error" post. There is a lot of good, but dated, legislation governing what your tax pro can send to a model. You, as the taxpayer, do not have that same restriction. Yes we have client consent processes that can help, but tax pros still need to be using the right tier to protect that data and remain compliant. The tax code keeps growing, context windows for frontier models keep expanding, and the bar for being a tax pro keeps getting raised. We're in this weird spot in the profession where our clients have more technology leverage than we do because of bureaucracy. It's a terrible position to be in and the longer out of touch generations are in charge of making the rules the worse it will get.
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What it feels like on October 16th!
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Going Concern retweeted
I hope everyone enjoyed their last tax cycle in which AI didn’t nitpick the shit out of every little thing for 9.5 months straight. Yesterday was undoubtedly the day the music died in tax compliance.
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Well that's refreshingly blunt I guess Article: theinformation.com/articles/…
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ANR: Lists Are The Theme of The Day: KPMG, CAS partners, etc • Accounting Education Needs a Catch Up - mailchi.mp/accountingfly/lis…
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