Why Trump Will Win & AICPA Has a New President

The Accounting Podcast

Blake and David examine why Trump may win in 2024, discussing immigration's economic impact on working-class wages and how this could affect voting patterns, particularly in border states like Arizona. They also look at the AICPA's selection of Mark Koziel as its new president, questioning whether the organization truly advocates for average CPAs. Moving on, they discuss Intuit's controversial TurboTax marketing campaign and consider why Berkshire Hathaway is reducing its BOA stake due to concerns about unrealized losses in the bank's bond portfolio.

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Chapters

• (00:33) - Introduction and Grand Canyon Adventure
• (02:29) - Padgett Business Model and Amanda's Role
• (04:19) - Sponsors and Election Involvement
• (06:00) - Why Trump Will Win: Analyzing the Numbers
• (06:29) - AICPA Leadership and Industry News
• (10:29) - Earmark's Growth and Future Plans
• (24:11) - Immigration Debate and Economic Impact
• (43:30) - Economic Factors in Trump's Election Loss
• (44:21) - Ad Break: Zoho Practice Management
• (46:07) - Impact of Abortion and Immigration on Elections
• (47:42) - Offshoring and Wage Suppression in Accounting
• (49:49) - AICPA's Role in Offshoring and Technology
• (54:05) - Introducing Mark Koziel: New AICPA President
• (57:48) - Ad Break: Practice Protect Cybersecurity
• (01:00:04) - Debate on Abortion and Political Affiliations
• (01:04:50) - Banking Crisis and Economic Policies
• (01:07:02) - Intuit's Controversial Ad Campaign
• (01:15:19) - Warren Buffett's Stance on Bank of America
• (01:25:00) - Conclusion and Upcoming Events

Show Notes

Do immigrants really take jobs and lower wages?

https://www.npr.org/2024/06/28/1197959366/immigration-economics-mariel-boatlift

Escalating Cyber Threats Demand Stronger Global Defense and Cooperation

https://blogs.microsoft.com/on-the-issues/2024/10/15/escalating-cyber-threats-demand-stronger-global-defense-and-cooperation/

American productivity still leads the world

https://www.economist.com/special-report/2024/10/14/american-productivity-still-leads-the-world

Public sector talent shortage: Unique challenges require unique solutions

https://www.journalofaccountancy.com/news/2024/oct/public-sector-accounting-challenges.html

Intuit asked us to delete part of this Decoder episode

https://www.theverge.com/2024/10/21/24273820/intuit-ceo-sasan-goodarzi-turbotax-irs-quickbooks-ai-software-decoder-interview

Buffett's Berkshire Trims BofA Stake Closer to 10%

https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-10-08-2024/card/buffett-s-berkshire-trims-bofa-stake-closer-to-10--EQHbm5iLN4LTvbgNW29W

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Transcripts

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page