Treasury Declares US Insolvent, AI Does Taxes (with Kenji Kuramoto)
The Accounting Podcast
Household Analogy for Federal Debt
Blake uses a household-budget analogy to illustrate scale of U.S. deficits and long-term fiscal risk.
Can AI really prepare a tax return without a human touching the keyboard? Blake and David dig into a wave of new accounting tools that promise exactly that, from AI tax prep and bookkeeping agents to month-end automation. They’re joined by Kenji Kuramoto of Basis to discuss what this means for firms, pricing, and jobs. Plus: the U.S. government’s worsening balance sheet, Tether’s long-awaited audit, and why token costs may become accounting’s next big metric.
Sponsors
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Chapters
- (00:00) - TAP 481
- (02:34) - US Insolvency Breakdown
- (06:04) - Household Budget Analogy
- (07:49) - GAO Disclaimer Explained
- (08:37) - AI Tax Prep Agents
- (11:45) - Kenji Joins the Show
- (15:07) - Kenji New Role at Basis
- (19:40) - Basis Agents for CAS
- (25:36) - AI Skills and Pricing Shift
- (28:04) - Token Billing and FinOps
- (33:55) - Tokens Not Timesheets
- (34:17) - Delve Compliance Fallout
- (36:18) - Xero Adds Claude AI
- (38:16) - Who Really Owns Data
- (41:06) - Ramp Accounting Agent
- (45:19) - Ramp Budgets Reality Check
- (48:27) - Canopy Bookkeeping Module
- (53:11) - Billcom Agents Soapbox
- (55:09) - Audit Tech Fundraising
- (56:37) - Tether Finally Gets Audited
- (59:52) - Costco Tariff Refund Lawsuit
- (01:02:16) - Wrap Up And CPE
Show Notes
The Treasury just declared the U.S. insolvent. The media missed it.
https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/
TaxGPT AI agent aims to complete the whole tax return
As Tax Deadline Approaches, Consumers Are Going to AI Before Filing
AI Efficiency Gains Push Accounting Firms to Reimagine Pricing
https://news.bloomberglaw.com/ip-law/ai-efficiency-gains-push-accounting-firms-to-reimagine-pricing
Accounting Jobs Requiring AI Skills Jump 67%
https://www.accountingtoday.com/news/accounting-jobs-requiring-ai-skills-jump-67
Xero and Anthropic Collaborate to Bring AI-Powered Financial Intelligence to Millions of Small Businesses
Ramp Launches Accounting Agent to Automate Bookkeeping with Real-Time Close
Ramp Launches Ramp Budgets
https://www.prnewswire.com/news-releases/ramp-launches-ramp-budgets-302667840.html
Canopy Unveils Canopy Bookkeeping to Eliminate Month-End Friction for Accounting and CAS Teams
Canopy Expands Tax Workflow With AI-Powered Tax Preparation Through New Filed Integration
Double AI Journal Entries
https://doublehq.com/ai-journal-entries/
Tech News: Ramp, Canopy Both Announce AI-Powered Bookkeeping Solutions (includes Bill.com AI agents coverage)
Exclusive: Founded By 2 Brothers In Their 20s, YC-Backed Denki Raises $4.1M To Automate Financial Audits
https://news.crunchbase.com/venture/yc-backed-denki-raise-financial-audit-automation-ai/
Tether Taps Big Four Firm KPMG for First Financial Audit of $184 Billion Stablecoin Issuer
https://www.theblock.co/post/395423/tether-taps-kpmg-for-first-financial-audit
Americans Are Demanding Refunds from the $180 Billion in Tariffs They Paid, Including Suing Companies Like Costco
https://fortune.com/2026/03/13/americans-demanding-tariff-refunds-suing-costco-fedex/
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Get in Touch
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