In the News: August 10, 2026

This week’s In the News includes updates on Woodard happenings, new IRS guidance, technology news and more. A new podcast episode is live and features Joe Woodard talking with Ron Baker in a conversation that goes beyond pricing. A new Woodard webinar is open for registration on improving your month-end close, along with updates from the IRS, fraud warnings, and more.

What’s happening at Woodard

Your E-Commerce Clients May Not Be as Compliant as They Think (The Woodard Report)

E-commerce sellers may assume marketplace tax collection covers all sales tax obligations, but additional sales channels, changing product offerings, and inventory stored in other states can create new exposure. This article outlines questions accounting professionals can ask to identify potential nexus and taxability issues before they lead to a notice or an audit. Read more...

5 Website Fixes That Help AI Cite Your Firm (The Woodard Report)

This article offers five practical ways accounting practices can make website content easier for AI tools to understand and cite. The recommendations focus on answering specific client questions, using clear language, adding useful frequently asked questions, and keeping practice information consistent across online profiles. Read more...

The Client Conversations That Change Everything (The Woodard Report)

This article looks at the conversations that can change how accounting professionals understand and support clients. It focuses on asking better questions, listening for what matters, and using those insights to guide more valuable client work. Read more...

Beyond Pricing: Drucker, Branding, and the Soul of Business (The Woodard Report Podcast)

In this week’s The Woodard Report Podcast, Joe Woodard sits down with Ron Baker to discuss ideas that extend beyond Baker’s work on value pricing. Their conversation covers Peter Drucker’s influence, the difference between efficiency and effectiveness, the purpose of business, and the connection between leadership, beliefs, and the value created for customers. Read more...

Your Firm Doesn’t Need More Staff. It Needs a Better Close. (Woodard)

Woodard’s upcoming webinar will explore common month-end close bottlenecks, including manual categorization, reconciliation backlogs, missing documentation, and review delays. The August 13 session will also look at how AI-assisted analysis and repeatable workflows can improve the close process while keeping accountants in control. Register here...

IRS updates

Business Tax Account Gives Eligible Taxpayers More Secure, Convenient Ways to Manage Federal Tax Obligations Online (IRS)

The IRS announced new and expanded features for Business Tax Account users. Eligible businesses and organizations can have more ways to view digital notices, make payments, and access and manage federal tax account information online. Read more...

IRS Updates FAQs on Qualified Overtime Deduction (IRS)

The IRS updated its frequently asked questions covering the deduction for qualified overtime compensation. The revised guidance replaces portions of an earlier fact sheet and provides additional information for taxpayers and tax professionals applying the deduction. Read more...

Treasury, IRS Issue Guidance on the Permanent Expansion of Paid Family and Medical Leave Under the Working Families Tax Cuts (IRS)

The Treasury and the IRS issued guidance on the expanded employer tax credit for paid family and medical leave. Beginning in 2026, qualifying employers may claim the credit for eligible insurance premiums or wages paid during leave, with eligibility for certain part-time employees and workers with six months of service. Read more...

Fraud and security updates

Scammers Are Trying to Trick Crypto Holders With Fake IRS Letters (CPA Practice Advisor)

Scammers are sending official-looking letters directing cryptocurrency holders to register through a fake Digital Asset Compliance Portal. The letters include QR codes leading to fraudulent websites that may request personal information, wallet details, or account credentials. The IRS has confirmed that it does not operate the portal and is advising recipients not to respond. Read more...

Technology and audit updates

Deloitte Introduces ControlCatalyst.AI (CPA Practice Advisor)

Deloitte introduced ControlCatalyst.AI, a suite of AI-powered tools for internal audit, Sarbanes-Oxley compliance, risk, and controls work. The platform is designed to support areas such as risk assessment, regulatory research, audit documentation, Operating Effectiveness Testing, and quality assurance while keeping human judgment at the center of the process. Read more...

Aprio and Fieldguide Co-Build the Future of Audit With Agentic AI (CPA Practice Advisor)

Aprio and Fieldguide are co-developing role-specific AI agents for audit and risk advisory engagements and Aprio’s own professionals are building and refining the agents. Read more...

This article was written with the assistance of AI and edited by a human.