
When accounting goes unaccounted for. Tips: 202-505-8885 • [email protected]
Joined June 2009
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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.
Going Concern retweeted
Someone sent me this. #TaxTwitter
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…
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.
Just got an ad for an AI service that mails postcards and "handwritten-style" letters for you.
What are we doing.
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.
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.
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.
Well that's refreshingly blunt I guess
Article: theinformation.com/articles/…
ANR: Lists Are The Theme of The Day: KPMG, CAS partners, etc • Accounting Education Needs a Catch Up - mailchi.mp/accountingfly/lis…
Going Concern retweeted
First time?
I guess they’ve never experienced a large acquisition or an ERP change.
With 10/15 behind us (or it will be when you see this) I have a question for firm owners. Any of you been approached by one of these AI training outfits wanting to buy your data?
I guess this is a thing we're doing now.
Going Concern retweeted
i love being an accountant because every day i get to discover a new way someone has made their financial decisions my problem.
KPMG Australia Has Made a List of Things It Probably Should Have Done Already
goingconcern.com/kpmg-austra…
I Googled a short quote from a KPMG report in order to find a direct link to the document it came from, the AI went straight into talking shit about how the sentence is written.
ANR: EY Revenue Growing • Offshore Accountants Not Replaced By AI • Donald Trump Jr Would Have Failed Intermediate Accounting - mailchi.mp/accountingfly/ey-…



















