As April winds down, the tax deadline may be behind us, but the pace of change in the accounting profession isn’t slowing. This week’s news includes major shifts at the IRS, continued evolution in CPA licensure, state-level tax proposals, and fresh recognition for the Top 100 U.S. ProAdvisors. Here’s what you need to know.
Woodard is hosting a free webinar this Thursday, April 24, 2025, at 1:00 PM ET. This webinar is designed to help firms elevate their client accounting services (CAS) practice by adding technology-driven billing and accounts receivable services to their controllership and CAS offerings. Learn how to price, package, and deliver these services with the right mix of people, process, and technology. Register now...
Deborah Defer joins Joe Woodard on the latest episode of The Woodard Report Podcast. The discussion centers on optimizing client onboarding and pricing strategies to boost profitability. It offers actionable insights for firms looking to refine their service models. Read more...
Following weeks of political tension, Greg Bessent has been appointed as the new IRS Commissioner, replacing the acting commissioner in a decision reportedly influenced by internal federal conflicts. This leadership change could have significant implications for the agency’s future direction. Read more...
The IRS Whistleblower Office has released its 2025 operating plan, outlining an integrated strategy to improve fraud detection and enforcement outcomes. The new framework emphasizes collaboration across enforcement units and data analytics to streamline case development. Read more...
Accounting News
The 2025 Top 100 U.S. ProAdvisors list has been released, highlighting professionals who demonstrate exceptional service, innovation, and expertise in the accounting technology space. Congratulations to all those recognized. Read more...
The CPA Journal recently spotlighted Black women in accounting, sharing stories of their professional journeys, challenges, and triumphs. These narratives offer valuable insights into how the profession can continue to evolve toward greater inclusivity and representation. Read more...
Indiana has passed legislation to reform its CPA licensure rules, joining a growing number of states modernizing entry pathways into the profession. These changes aim to address the talent pipeline shortage by offering more flexible qualification options. Read more...
Maryland lawmakers are reviewing a proposal to extend state tax to certain services and forms of intellectual property. The bill has sparked debate among businesses and tax professionals about the broader implications for service-based economies. Read more...