MYCPE ONE Insights | November Week 3 Edition

Welcome to the November Week 2 Edition of MYCPE ONE Insights, where we break down the stories shaping accounting, tax, and the future of financial advisory.  

This week, we’re looking at how the OBBBA is reshaping tax strategy, a $25M refund scam that exposes compliance gaps, the AICPA’s pushback on the IRS’s controversial merger plan, Intuit’s $100M move to bring TurboTax and its ecosystem into ChatGPT, and Goldman Sachs’ return to M&A dominance after nearly two decades.  

Each story highlights the shifts, risks, and opportunities finance professionals should be preparing for before clients start asking the hard questions. 

Why Accountants Are Calling the OBBBA a Gift to Entrepreneurs 

The One Big Beautiful Bill Act doesn’t tiptoe into tax planning, it barges in with upgrades founders and investors have been waiting for. Earlier QSBS exclusions, revived 100 percent expensing, restored R&D deductions, permanent 199A, and long-term certainty for Opportunity Zones all give entrepreneurs a wider runway and real room to strategize. From entity choice to exit timing, this bill reshapes the playbook, not just the margins. The question now is how fast businesses and advisors adapt to the new toolkit. Ready to see what this means for your clients and your next move? Read Insights 

How Did a Bakersfield Tax Preparer Help Create a $25 Million Tax Scam 

When tax season starts looking like a true-crime doc, you know something went off the rails. A Bakersfield preparer and a scam mastermind turned fake businesses and stolen identities into a $25 million refund scheme, with the IRS unknowingly footing part of the bill until IRS-CI followed the digital breadcrumbs. The fallout: prison time, a cautionary tale, and a reminder that shortcuts in compliance age like milk. For finance pros, this case isn’t just wild, it’s a wake-up call. Read Insights

AICPA Opposes IRS Merger Plan That Mixes Oil and Water 

If the IRS merges OPR and RPO, taxpayers may feel like they’re ordering from a coffee shop where everything’s just called “coffee.” The AICPA is warning that blending credentialed pros with entry-level preparers under one banner muddies expectations, weakens enforcement, and hands shady actors a credibility badge they haven’t earned. With taxpayer trust and practitioner standards on the line, this “efficiency play” could cause more confusion than clarity. So what happens if the IRS pushes ahead anyway, and what should professionals watch for next? Read Insights

Intuit Inks $100M Deal to Bring TurboTax into ChatGPT

Intuit just paid more than $100 million a year to move TurboTax, QuickBooks, Credit Karma, and Mailchimp into ChatGPT’s world, turning your tax tools and bookkeeping apps into chat-based “teammates.” The pitch: faster insights, smarter recommendations, and one place where clients ask money questions and get real answers, instantly. The risk: accuracy, auditability, and user trust now hinge on how well these AI agents perform. For accountants and finance pros, this is not background noise, it is a roadmap. Read Insights

What Sparked Goldman Sachs’ Biggest Shot at a 24 Year M&A Milestone? 

Goldman Sachs is throwing it back to its early-2000s glory days, dominating 34 percent of this year’s $3.8 trillion in global M&A and racking up mandates on mega-deals from EA to Norfolk Southern. CEOs are “unleashed,” capital markets are open for business, and advisory work is roaring back in a way accountants, tax pros, and finance teams can’t ignore. This isn’t just a Wall Street headline, it’s a roadmap for the next wave of client demands, due-diligence battles, and valuation shakeups. So what does this deal surge mean for your planning and your clients’ next moves? Read Insights

Thanks for reading this week’s MYCPE ONE Insights. Stay sharp, stay informed, and meet us again next Friday for the next edition.