In The News - April 22, 2024

In this week’s edition of In The News, we’re thrilled to showcase a summary of our interview with Kelly Richmond Pope on The Woodard Report Podcast. We’ve also curated multiple stories including IRS news, articles forecasting the future of accounting tech, and more. Keep your finger on the pulse with us as we review our top stories from the past week.

The Woodard Report

TWR Podcast Episode 89: Interview with Kelly Richmond Pope [The Woodard Report]

In this engaging episode of The Woodard Report podcast, Kelly Richmond Pope discusses her experiences and insights into forensic accounting. She highlights forensic accountants' critical role in uncovering financial discrepancies and fraud, contributing significantly to business transparency. Read more...

IRS and Compliance News

IRS Seeks Membership Nominations for the 2025 Internal Revenue Service Advisory Council [IRS]

The IRS is inviting nominations for its 2025 Advisory Council, with a significant new focus on a subcommittee dedicated to fairness in tax administration. This initiative is designed to address equity and transparency in tax processes, ensuring a more balanced approach to tax policy and enforcement. Read more...

IRS Provides Sneak Peek of Form 1099-Da for Digital Assets [CPA Practice Advisor]

The IRS has revealed a preview of the upcoming Form 1099-DA, designed for reporting transactions involving digital assets. This development highlights the IRS's efforts to adapt to the evolving landscape of digital finance and ensure that digital asset transactions are accurately reported and taxed. Read more.

Technology Insights

Introducing Recats: Manage Uncategorized Transactions [Financial Cents]

Financial Cents is launching ReCats, a new tool aimed at managing uncategorized transactions more efficiently. This tool is designed to help accounting professionals save time and reduce errors by automatically categorizing transactions that previously required manual intervention. Read more...

Predictions for Tax Automations in 2024 [Intuit]

Looking ahead to 2024, Intuit forecasts a major leap forward in tax automation technologies. These advancements are expected to streamline the tax preparation process by reducing manual data entry and increasing accuracy, ultimately enhancing efficiency for tax professionals. Read more...

Other Interesting Things We Found

Forbes Unveils Its Top 200 CPAs in the U.S. [CPA Practice Advisor]

Forbes has announced its annual list of the top 200 CPAs in the United States, recognizing the accounting industry's most influential and successful professionals. This list serves as a benchmark for excellence and is a source of inspiration for accounting professionals nationwide. Read more...