In the News - July 21, 2025

It’s been a few weeks since our last news roundup — we were wrapping up an incredible Scaling New Heights and taking a bit of well-earned time to recharge. But we’re back with a full slate of updates from across the profession, including major tax law developments, AI advances, tech partnerships, and a new episode of The Woodard Report Podcast.

What's Happening at Woodard

The Woodard Report Podcast: How to Reclaim Your Agency and Lead with Intention (The Woodard Report)

In this episode of The Woodard Report Podcast, Joe Woodard explores how to reconnect with purpose and set meaningful boundaries in business. Read more...

Scaling New Heights 2025 Recap: Accounting Technology Lab Podcast (CPA Practice Advisor)

The Accounting Technology Lab podcast dives into themes and takeaways from Scaling New Heights 2025 — from app integration to advisory transformation. Read more...

Technology & Innovation

The New QBO Accounting Agent Explained (Insightful Accountant)

A new generation of QuickBooks automation is here. This Monday Minute segment explains how the QBO Accounting Agent uses AI to manage workflows, making bookkeeping even more hands-free for accountants and clients. Read more...

Xero Partners with Plaid to Expand U.S. Bank Feeds (Insightful Accountant)

Xero is teaming up with Plaid to triple the number of U.S. banks integrated into its platform, making bank reconciliation smoother and more reliable. Read more...

Tax & Policy

What’s in the "One Big Beautiful Bill"? (Intuit Tax Pro Center)

The proposed tax legislation dubbed the "One Big Beautiful Bill" includes sweeping changes to deductions, credits, and compliance thresholds. Here’s what you need to know to prepare clients for what may be coming. Read more...

EU Plans Tariff Retaliation (CPA Practice Advisor)

Following renewed tariff policies from the U.S., the European Union is planning retaliatory measures. The accounting and tax implications could be significant for firms with international clients. Read more...

AICPA Finds Americans Unprepared for Natural Disasters (Accounting Today)

The latest AICPA survey shows that only a fraction of Americans have emergency financial plans in place. The study is a reminder that advisors have a role to play in disaster readiness. Read more...

Practice Management & Strategy

A Data-Based Approach to Delegating (Harvard Business Review)

Effective delegation starts with understanding your own value. This HBR piece offers a framework for assigning the right work to the right people, using data instead of gut instinct. Read more...

FASB and ASBJ Hold Bilateral Meeting (CPA Practice Advisor)

Standard setters from the U.S. and Japan recently met to discuss alignment on sustainability disclosures and emerging reporting challenges. Read more...

Andersen Merges with Berman Associates in Georgia (CPA Practice Advisor)

Andersen is expanding its regional footprint in the Southeast through a merger with Georgia-based Berman Associates. Read more...

Stay tuned for next week’s edition as we continue tracking the trends and tools reshaping the profession.

The article was drafted by AI and reviewed and edited by a human.