Aussies Want to Break up Big Four & Trump Accounts Go Live on the 4th

What if one tax break could give your child a head start or hand them a pile of money at 18? Blake and David unpack the new Trump accounts, who should use them, and why advisors are split. They also dig into Australia’s latest Big Four scandal, worsening IRS service, AI’s growing role in tax and training, and what these shifts mean for accountants, firms, and clients.SponsorsOnPay - http://accountingpodcast.promo/onpayCanopy - http://accountingpodcast.promo/canopyThe Value Builder System - http://accountingpodcast.promo/valueCloud Accountant Staffing - http://accountingpodcast.promo/casChapters(00:00) - TAP 495 (01:40) - Sponsor Break OnPay (03:11) - Trump Accounts Basics (04:39) - Risks Versus 529 Plans (08:46) - Roth Conversion Strategy (11:27) - Big Four Scandals Australia (15:02) - Sponsor Break Canopy (16:26) - Coca-Cola Transfer Pricing Fight (21:38) - IRS Data Sharing Mess (23:41) - Tax Season Report Card (26:25) - IRS Help Centers Secret Shop (28:31) - Sponsor Break Value Builder (29:47) - IRS Chatbots Gone Wrong (30:36) - IRS Chatbot Failures (31:37) - Nonprofit Enforcement Push (33:29) - Is Nonprofit Fraud Real (36:27) - Sponsor Cloud Staffing (37:46) - California Billionaire Tax (42:01) - Florida Property Tax Shakeup (45:56) - AI Changes Teamwork (49:12) - AI Automates CPE Reporting (52:17) - KPMG Tax Training Simulator (56:15) - Accounting Firms Robbed (57:10) - Wrap Up and CPE Plug  Show NotesWhy advisors do and don't recommend Trump accountshttps://www.accountingtoday.com/news/why-advisors-do-and-dont-recommend-trump-accountsThe Trump Accounts rollout is the biggest advisory opportunity most accountants are missinghttps://www.accountingtoday.com/opinion/the-trump-accounts-rollout-is-the-biggest-advisory-opportunity-most-accountants-are-missingAustralia weighs break-up of Big Four accounting firms after scandalshttps://www.investing.com/news/stock-market-news/australia-weighs-breakup-of-big-four-accounting-firms-after-scandals-4769425EY staffer fired after allegedly accessing Prime Minister's bank accounthttps://www.cyberdaily.au/security/13847-ey-staffer-fired-after-allegedly-accessing-prime-minister-s-bank-accountCoca-Cola Meets Sympathetic Judges in $20 Billion IRS Casehttps://news.bloombergtax.com/daily-tax-report/coca-cola-meets-sympathetic-judges-in-transfer-pricing-disputeTIGTA: IRS Has Data-Sharing Pacts with Over 1,120 Organizations, Some of Which It Can't Identifyhttps://www.cpapracticeadvisor.com/2026/07/06/tigta-irs-has-data-sharing-pacts-with-over-1120-organizations-some-of-which-it-cant-identify/186216/National Taxpayer Advocate issues 2026 mid-year report to Congresshttps://www.irs.gov/newsroom/national-taxpayer-advocate-issues-2026-mid-year-report-to-congressIRS Taxpayer Assistance Centers provided wrong answers to tax questionshttps://www.accountingtoday.com/news/irs-taxpayer-assistance-centers-provided-wrong-answers-to-tax-questionsIRS chatbot results may be wronghttps://www.accountingtoday.com/news/irs-chatbot-results-may-be-wrongIRS gives tax-exempt groups closer scrutinyhttps://www.accountingtoday.com/news/irs-gives-tax-exem