In the News - February 10, 2025

The Philadelphia Eagles soared to victory over the Kansas City Chiefs in last night’s Super Bowl, claiming the championship in a thrilling game. Meanwhile, in the accounting and tax world, IRS workforce shifts, AI-driven financial solutions, and global tax reforms are making headlines. Here’s what you need to know this week.

IRS News

Critical Tax Season: IRS Workers Receive Later Date for Resignation Program (Journal of Accountancy)

The IRS has extended the deadline for its voluntary resignation program to help manage workforce transitions during peak tax season. The extension aims to retain experienced staff, ensuring smoother tax return processing and taxpayer assistance. This decision reflects the IRS’s commitment to maintaining service levels amid operational challenges. Read more…

Technology News

Decimal and Puzzle Partner to Bring AI-Powered Solutions to Accounting (The Woodard Report)

Decimal has partnered with Puzzle, an AI-driven accounting platform, to transition former KPMG Spark clients to Puzzle’s AI-native ledger. The collaboration is expected to enhance efficiency, accuracy, and real-time financial insights for small and mid-sized businesses. This shift underscores the growing role of AI in accounting automation. Read more…

Accounting News

Former AICPA CEO Barry Melancon Joins Baker Tilly (CPA Practice Advisor)

Barry Melancon, former AICPA CEO, has joined Baker Tilly as an advisor. He will also serve as a non-executive director and Baker Tilly International board chair-elect. With nearly 30 years of leadership experience, Melancon is expected to play a key role in the firm’s strategic direction. Read more…

2025 ProAdvisor Awards Application Deadline is February 15 (Insightful Accountant)

The deadline for the 2025 ProAdvisor Awards is February 15. These awards recognize accounting professionals for outstanding client service and industry expertise. ProAdvisors looking to be recognized for their contributions are encouraged to submit applications before the deadline. Read more…

Four New Members Added to American Accounting Association Hall of Fame (CPA Practice Advisor)

The American Accounting Association (AAA) has announced the induction of four new members into the Accounting Hall of Fame: David R. Bean, Barry C. Melancon, Terry Shevlin, and the late Mary T. Washington Wylie. These individuals have made significant contributions to the field of accounting through their work in practice and academia. The induction ceremony is scheduled for August 2025 during the AAA's Annual Meeting in Chicago. Read more…

International Tax News

UN Tax Deal May Replace OECD Framework After Trump Executive Order (Accounting Today)

Following an executive order from President Donald Trump, rejecting the OECD's global tax framework, negotiations have accelerated at the United Nations to create a new international tax agreement. If successful, this move could reshape global tax policies and impact how multinational corporations handle taxation. Read more…