In the News - February 27, 2024

This week's "In the News" segment of The Woodard Report brings you happenings and news that are shaping the accounting landscape. From the FTC's recent action against H&R Block to the IRS's call for Taxpayer Advocacy Panel volunteers, and from technological advancements in AI integration by ADP to insights on expanding practice services and recognizing professional excellence. Additionally, we feature a captivating discussion with Joe Woodard and Dr. Michio Kaku on the future of technology in accounting. Dive into these updates for a comprehensive view of the changes and opportunities within our profession.

IRS and Regulatory News

FTC Takes Action Against H&R Block Over Free Online Filing Claims (Accounting Today)

The Federal Trade Commission (FTC) has taken legal action against H&R Block, alleging misleading claims about their free online filing services. This move underscores the FTC's commitment to ensuring transparency and fairness in tax preparation services. Read more...

Taxpayer Advocacy Panel Seeks Volunteers for 2025 (IRS)

The IRS announces an open call for civic-minded volunteers to join the Taxpayer Advocacy Panel for the 2025 member year. This initiative offers a unique opportunity for individuals to contribute to the improvement of IRS services and policies. Read more...

Technology and Innovation

ADP Enhances Marketplace with AI Partner Solutions (CPA Practice Advisor)

ADP has expanded its ADP Marketplace offerings by integrating AI-driven partner solutions, aiming to provide businesses with advanced tools for HR and payroll management. This development highlights the growing role of AI in streamlining business processes. Read more...

Professional Development and Insights

Expanding Your Practice with Family Office Services (CPA Trendlines)

CPA Trendlines outlines strategies for accounting professionals to start offering family office services, a growing niche that presents opportunities for diversification and enhanced client relationships. Read more...

Voting Opens for 2024 Domestic ProAdvisor Awards (Insightful Accountant)

Insightful Accountant announces the opening of voting for the 2024 Domestic ProAdvisor Awards, celebrating excellence in the accounting profession. This event recognizes the outstanding contributions of ProAdvisors in supporting businesses. Read more...

Special Features

Joe Woodard Interviews Dr. Michio Kaku on The Woodard Report Podcast (The Woodard Report)

In a special episode of The Woodard Report podcast, Joe Woodard sits down with renowned physicist Dr. Michio Kaku to explore the future of technology and its impact on the accounting industry. This engaging conversation offers profound insights into the intersection of science, technology, and finance. Read more...

This week's "In the News" article for The Woodard Report covers a broad spectrum of topics, from regulatory actions and volunteer opportunities to technological advancements and professional recognition, along with thought-provoking discussions on the future of the industry. Stay informed with these essential updates.