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
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
UNC - http://accountingpodcast.promo/unc
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
https://www.accountingtoday.com/news/taxgpt-touts-ai-that-automatically-completes-returns-from-start-to-finish
As Tax Deadline Approaches, Consumers Are Going to AI Before Filing
https://www.pymnts.com/taxes/2026/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
https://www.businesswire.com/news/home/20260326956055/en/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
https://www.prnewswire.com/news-releases/ramp-launches-accounting-agent-to-automate-bookkeeping-with-real-time-close-302686214.html
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
https://www.morningstar.com/news/business-wire/20260211348515/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
https://www.getcanopy.com/blog/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)
https://www.accountingtoday.com/list/tech-news-ramp-canopy-both-announce-ai-powered-bookkeeping-solutions
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/
Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com
Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.
Sponsorships
Are you interested in sponsoring The Accounting Podcast? For details,