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Is the Government About to Make the CPA Shortage Worse?
Is the Government About to Make the CPA Shortage Worse? I keep hearing about the CPA pipeline problem. It seems like every week there’s a new article or discussion about it. But a recent proposal from the U.S. Department of Education might be the biggest threat yet. They are proposing to reclassify accounting degrees from “professional” to “non-professional.” At…
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Private Equity Bought My Industry. Here’s What Happened.
I’ve been watching a quiet revolution in my own industry. The world of accounting. It’s not usually a place for high drama. But something big has been happening for the last four years. Private equity firms, armed with billions in capital, are buying up accounting firms. This started as a strange idea. A “great lab experiment.”…
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is Becoming Uninsurable. Here’s Why That’s a Problem for Accountants.
I’ve been thinking a lot about the risks of using AI. We all know the benefits. It can speed up our work and find new insights. But what happens when it goes wrong? A while back I looked at a case where Deloitte Australia had to refund a client. The suspicion was that an AI…
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Your Firm’s Pricing Is a Guess. AI Can Fix It.
I was talking to a friend in marketing the other day. His company sells physical goods not services. He told me they were building a data pipeline to track competitor pricing in real-time. Their goal was to automatically adjust their own prices to always be 2% lower. It was a clear example of active data-driven…
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Behind the Headlines: Deconstructing J&J’s $3 Billion Biotech Bet
Johnson & Johnson bought a company called Halda Therapeutics for $3.05 billion. All cash. Halda is a clinical-stage biotech company. It doesn’t have a blockbuster drug on the market. It was spun out of a Yale University lab. What did J&J actually buy? And how do accountants even begin to put a deal like this…
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The Accounting Reckoning for Buy Now, Pay Later
I was at the dentist a couple of weeks ago. Amid the usual posters about flossing, there was a sign for a payment plan. It wasn’t traditional financing. It was a Buy Now, Pay Later (BNPL) service. For dental work. BNPL is no longer a niche tool for online shopping. It has moved from sneakers…
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Why Your AI Strategy is Just an Expensive Wish List
I was talking to an architecture firm recently. They have decades of project data. Blueprints, material lists, timelines, client communications. Everything. They wanted to use AI to find efficiencies and get a competitive edge. There was just one problem. Their data wasn’t a mess, but it was stored in a dozen different formats across countless…
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Welcome to the Era of Hypervolatility in Accounting
A recent conversation between the head of the PCAOB and a reporter got me thinking. They talked about the massive changes hitting the accounting world. It’s not just one thing. It’s a combination of technology, new regulations, and global instability. It has made the job of an accountant more of a headache than ever. This…
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How AI Companies Are Paying for a Trillion-Dollar Habit
A question has been bugging me. We see these headlines every day. OpenAI raised $40 billion. Meta is spending $65 billion on AI this year. Elon Musk’s xAI pulled in $20 billion in a single round. These numbers are astronomical. OpenAI’s CEO Sam Altman recently got annoyed when asked how his company, with a reported…
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Is AI Really Taking All the Jobs? Yale’s Data Says Not Yet.
I see the headlines every day. Another tech company announces layoffs. The reason is always AI. It feels like a massive shift is happening right now. A robot revolution wiping out jobs left and right. But is that what’s really going on? I wanted to check the hype against the data. So I dug into…
