MYCPE ONE Insights | October Week 5 Edition

Welcome to the October Week 5 Edition of MYCPE ONE Insights, where finance, AI, and innovation collide.

From Meta’s $16B tax jolt under Trump’s new bill to Microsoft’s billion-dollar AI windfall and PwC’s AI-driven audit revolution - the accounting and finance landscape is transforming fast.

We’re breaking down the biggest headlines shaping the profession, where regulation meets innovation, and strategy meets technology.

Read on to uncover the numbers, the moves, and the insights behind this week’s biggest stories.

Meta Reports $16B Tax Hit Linked to Trump’s OBBBA

Meta’s quarter looked like a Halloween jump scare: a $15.9B tax hit under Trump’s “One Big Beautiful Bill” sliced EPS to $1.05 from a $6.72 Street view. But beneath the fright lies a twist, cash taxes are set to drop in 2025, easing future pain. Meta’s AI-fueled capex spree, $30B bond sale, and cash flow focus show a company betting big on the long game. Will lower taxes and strong liquidity keep the ghosts of Wall Street calm? Keep your spreadsheets close and stay tuned for the next chapter in this tax thriller.

Read Insights: https://my-cpe.com/insights/news-and-insights/accounting-and-taxes/meta-reports-16b-tax-hit-linked-to-trumps-obbba

How OpenAI’s for-profit model made Microsoft $135B Richer

When Satya Nadella wrote that “burned billion” check to OpenAI in 2019, few saw what was coming. Six years later, Microsoft’s $13.75B stake has ballooned to $135B, thanks to OpenAI’s shift to a for-profit PBC and a $250B Azure pact. The deal cemented Microsoft’s dominance in AI infrastructure and set the stage for a trillion-dollar IPO. But as OpenAI grows bolder, the balance of power may shift. Will Nadella’s boldest bet remain Microsoft’s crown jewel, or spark its toughest rivalry yet? Keep watching, because this AI story is still being written.

Read Insights: https://my-cpe.com/insights/news-and-insights/markets-and-finance/how-openais-for-profit-model-made-microsoft-135b-richer

The secret behind PwC’s 2026 AI Audit Plan

PwC is steering audits into autopilot mode; faster, cleaner, and smarter. By 2026, the firm plans a fully AI-integrated audit platform, powered by its billion-dollar Next Generation Audit system and $3.1B global tech push. Think CPAs who code, audits that run in real time, and AI tools that boost accuracy and independence. From fraud detection to instant evidence trails, PwC’s bet is clear: automation won’t replace auditors; it’ll make them indispensable. The question is, can the rest of the industry keep up before AI sets a new audit gold standard? Stay tuned, the countdown’s already begun.

Read Insights: https://my-cpe.com/insights/news-and-insights/technology/the-secret-behind-pwcs-2026-ai-audit-plan

AICPA Launches GenAI Tool Josi for Auditors and Accountants

As accounting grads vanish and firms face a talent drought, the AICPA has unleashed Josi, a generative AI tool built by accountants, for accountants. Trained on 40,000+ authoritative AICPA, FASB, and PCAOB sources, Josi helps CPAs draft engagement letters, prep for SQMS 1, and decode complex standards in seconds. Secure, accurate, and tireless, it’s already reshaping workflows for 400+ firms. For $495 a year, Josi isn’t just software; it’s the intern who never sleeps. Will it bridge the talent gap or redefine the profession entirely? Stay tuned, because the AI era of accounting just got real.

Read Insights: https://my-cpe.com/insights/regulatory-updates/aicpa-updates/aicpa-launches-genai-tool-josi-for-auditors-and-accountants

How Shohei Ohtani Turned a $700M Deal into a Tax Masterpiece

Shohei Ohtani didn’t just sign the biggest contract in sports, he rewrote the playbook on tax strategy. By deferring $680M of his $700M Dodgers deal until 2034–2043, Ohtani could save roughly $90M in California taxes by cashing in from a no-income-tax state later. It’s smart money meets smart timing, a move that helps both him and the Dodgers win big. His approach could inspire execs, athletes, and advisors alike to rethink compensation through a tax lens. Will Ohtani’s “Pay Later” playbook become the new financial MVP? Stay tuned, this game’s just getting started.

Read Insights: https://my-cpe.com/insights/news-and-insights/accounting-and-taxes/how-shohei-ohtani-turned-a-700m-deal-into-a-tax-masterpiece

That wraps up this week’s edition of MYCPE ONE Insights. As tax codes evolve, AI reshapes accounting, and investment models blur old boundaries, one thing remains clear, the future belongs to firms that stay informed and agile.

Stay tuned for next week’s highlights as we continue to track how policy, technology, and finance intersect to redefine the modern accounting landscape.

Explore more at my-cpe.com/insights