AI Isn’t Erasing Tax Careers. It’s Rewriting Them | ARC

Firms must build new pathways that develop reviewers, judgment and client-facing skills.

 

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Accounting ARC
With Donny Shimamoto, Liz Mason, and Byron Patrick

Center for Accounting Transformation

Artificial intelligence may not eliminate the entry-level tax professional. But it is dismantling the job that many firms still use to train one.

That’s the conversation driving a new episode of the Accounting ARC podcast featuring Donny Shimamoto, CPA.CITP, CGMA, founder and managing director of IntrapriseTechKnowlogies LLC and founder and inspiration architect for the Center for Accounting Transformation; and Liz Mason, CPA, CEO of High Rock Accounting.

The conversation begins with a small tax firm that hires six interns each year and teaches them to prepare returns much as earlier generations learned: working from paper documents, identifying relevant numbers, mapping those figures to tax forms, and entering the data into tax software.

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The firm owner sees the process as an apprenticeship that helps students bridge the gap between an individual tax course and real-world preparation. Shimamoto sees value in teaching interns how information moves from source documents to a completed return. Mason agrees with the objective but challenges the method.

“From a holistic learning exploration, sure, yes, that is a way to learn,” Mason says. “From a where-we-are-today perspective, I think that’s a giant disservice to these interns.”

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The Top Tip for Reviewing Tax Returns

What would you say?

By Ed Mendlowitz
202 Questions and Answers: Managing an Accounting Practice

Question: I know you have a lot of advice on how to review tax returns. What’s your single best tip?

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Response: I had never thought about this until this question was asked.
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Art Werner: ‘Free Money’ for New Trump Accounts | Quick Tax Tip

Trump Accounts are for the benefit of children.

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More Werner on Trump accounts.

Quick Tax Tip
With Art Werner
CPE Today

Trump accounts offer a rare chance for a government-funded head start on a tax-advantaged education account.

“The federal government will actually infuse these accounts with $1,000,” says Art Werner. “It’s free money. Just face it, it’s free money.”

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Any child under age 18 with a Social Security number is eligible for a Trump account. Children born between 2025 and 2028 also qualify for a government contribution.

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Art Werner: Five Rules for Trump Accounts | Quick Tax Tip

These accounts offer unique contribution opportunities, strict investment guidelines, and a pathway to future retirement savings.

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More Werner on Trump accounts.

Quick Tax Tip
With Art Werner
CPE Today

Art Werner outlines the five key rules advisors and families should understand when considering these accounts.

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Designed as long-term savings vehicles for children, these accounts offer unique contribution opportunities, strict investment guidelines, and a pathway to future retirement savings.

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