Scott Smith

Husband, father, fly-fisher and backcountry hunter, CPA/CFP, Idaho-native, Buckeye grad. Trying to be a better disciple.

[USMNT Only @usmntonly]

Weston McKennie blasting Ella Langley on the USMNT team bus after the USA's win against Bosnia in the World Cup Round of 32 🇺🇸😂❤️

[USMNT Only @usmntonly]

THE TELEMUNDO CALL OF THE MALIK TILLMAN FREE KICK IS THE BEST THING YOU'LL EVER HEAR 🇺🇸🦅❤️

[Scott Smith @ScottBSmitty]

This is an inspired approach to AI.

https://t.co/B4auoZSHp0

[Noam Dworman @noam_dworman]

Second for second, @tylercowen packs more substance into a talk than anyone I'm aware of. This is a clear, non-hysterical, and somewhat soothing discussion of our AI future.

[. @deityofnightt]

l've never seen anything more accurate

[Lorilyn Zabransky, CPA, PFS @LoZabransky]

Entertainment expenses have not been deductible for 8 years bruh #taxtwitter

[Alex Veremeyenko @alex_verem]

Let me trace the timeline here because nobody's connecting it.

Step 1: Scrape the entire internet. Every book, every article, every conversation, every piece of art, every forum post. Do it without asking. Do it without paying.

Step 2: Train a model on all of it. Call it "artificial intelligence."

Step 3: Go to BlackRock's Infrastructure Summit and announce: "We see a future where intelligence is a utility, like electricity or water, and people buy it from us on a meter."

Step 3 is where you sell people's own knowledge back to them. On a meter.

They took the collective output of human thought, compressed it into a model, and now they want to charge you by the token to access a version of what you and everyone you know already created.

One Reddit user put it perfectly: "They stole all this data from us, the people, our life's work, creativity, art, by devouring the internet and blowing through all copyright laws. Now they want to sell it back to us in the form of a utility."

Imagine if someone photocopied every book in the public library, burned the library down, and then opened a subscription service for the copies.

That's the metered intelligence business model.

And they're pitching it to infrastructure investors as though they invented water.

[Mario Nawfal @MarioNawfal]

This Minecraft player had enough of a zombie bothering him and built the most elaborate solution imaginable.

[Scott Smith @ScottBSmitty]

@BasedSamParker @grok is this true?

[Scott Smith @ScottBSmitty]

Beautiful game. I’m not even a united fan.

[United Extra @TheUnitedExtra]

This angle just makes the build-up before the goal look unreal 🤯

https://t.co/POWORl8IrE

[Dan LeFevre @dan_lefev]

Davis County, Salt Lake County, Utah County

[BORED @BoredElonMusk]

Perfect

[HonestMath.com @honest_math]

Lol.

[Mindset Machine  @mindsetmachine]

Jensen Huang on The smartest person he's ever met:

[NASA @NASA]

As communities gather this weekend, @AstroVicGlover reflects on the shared spaceship we all call home: Earth.

[Collin Rugg @CollinRugg]

Astronaut Victor Glover delivers beautiful Easter message from space, praises God’s creation.

“When I read the Bible and I look at all of the amazing things that were done for us…”

“You're on a spaceship called Earth that was created to give us a place to live in the universe, in the cosmos.”

“In all of this emptiness, this is a whole bunch of nothing, this thing we call the universe, you have this oasis, this beautiful place that we get to exist together…”

[Kelly Phillips Erb @taxgirl]

In September, taxpayer requested an installment agreement (it could not be processed online).
IRS responded today, 195 days later.
They want more info. They are giving us 14 days to respond. It took five days for the request to reach us from Philly. 🙄

[Patrick OShaughnessy @patrick_oshag]

Lead Edge is probably most famous for this letter. Mitchell calls it the "Hierarchy of Bullshit".

It's his way of distilling what he learned from cold calling 10,000 companies.

[Alex Roytenberg, CPA - 🛡️ @TheNFTCPA]

Today's episode of AI taking over Tax.

Client: Your draft says 9k refund, AI told me 111K refund. You did something wrong.
Me: Oh boy. send me what you are seeing.

Me: This is wrong, just wrong. You don't qualify for any of the tax credits, you don't have 3 kids... #TaxTwitter

[Jason Staats⚡ @jasononfirms]

My takeaways after spending the last two weeks heads-down using the AI agents responsible for the lastest AI hype cycle:

1. Claude Cowork and OpenClaw are a big deal for accounting firms. I think we'll look back at this time period and the milestones will be (1) ChatGPT launch (2) Reasoning models (3) What's happening right now

2. Neither of the above are appropriate for client-sensitive info for now, but this is a temporary problem

3. I'm usually unimpressed by accounting AI, both because it's a solution looking for a problem, and because a large percentage of today's founders have a disappointingly basic understanding of what firms do. That being said, I underestimated Cowork and OpenClaw

A few examples of real demos we have in upcoming videos:

Completing a 6,700 trx bookkeeping file in 7 minutes

Pulling over 350 items from 63 pages of tax docs and putting them into a workpaper template

Reviewing the same workbook template alongside 63 pages of source docs and identifying 10/10 minuscule errors I planted

OpenClaw just churning out useful work 24/7, updating the PM like a human would, the employee of your dreams in many ways

Browser-use remains pretty bad, but anything that can be done via CLI and to a lesser degree MCPs is trivial for agents

Where software to-date has been built for humans, if you're founding a co today you should be building for agent users

An unfortunate byproduct will likely be it decimates much of the software industry, and creates an even more absurd gap between the haves and the have-nots

There will continue to be a lot of noise around this. It's hard to distinguish between a software company with their own interests and an AI trainer gatekeeping their expertise.

Reward the folks showing you how to do it, every day. Chad Davis does an excellent job of this on the other social media platform. The one where people wear pleated pants.

I'm very focused on AI use-case videos right now, as telling's cheap, showing's useful.

If you've ever thought of becoming an educator, our space needs them desparately. Send me a DM if you're struggling with how to build that into a business/reach escape velocity and I'm happy to try and help.

The best thing for our industry right now would be to have 10x as many educators helping firms through the transition we're about to experience.