In The News—June 24, 2024

Scaling New Heights 2024 is over, but if you missed the show, don’t worry! In The News this week, you can check out our recaps of each day, as well as an article announcing the theme and keynote speakers for Scaling New Heights 2025.

In other news, Digits acquired Basis, aiming to enhance their financial tools; a Harvard Business Review study found that using AI at work may lead to health issues; smaller auditors are urging regulators to slow down the pace of new rule implementations while new accounting rules on software costs are progressing, and more. Read below for our top news stories from the past week!

The Woodard Report

Scaling New Heights 2025: David Allen & Chaunté Lowe to Speak [Woodard Report]

The Woodard Report announces that David Allen, renowned productivity expert, and Chaunté Lowe, Olympian and motivational speaker, will be keynote speakers at Scaling New Heights 2025. This event promises to offer valuable insights and inspiration for accounting professionals. Read more...

Scaling New Heights 2024: Day 1 Recap [Woodard Report]

The first day of Scaling New Heights 2024 featured an array of insightful sessions and networking opportunities. Highlights included keynote addresses and workshops focused on the latest trends and technologies in the accounting industry. Read more...

Scaling New Heights 2024: Day 2 Recap [Woodard Report]

Day two of Scaling New Heights 2024 continued to provide valuable learning experiences. Attendees participated in sessions covering topics such as workflow efficiency, client relationship management, and emerging accounting technologies. Read more...

Scaling New Heights 2024: Day 3 Recap [Woodard Report]

The third day of Scaling New Heights 2024 focused on advanced strategies for growing accounting firms. Key sessions included discussions on leadership, innovation, and leveraging technology to enhance client services. Read more...

Scaling New Heights 2024: Day 4 Recap [Woodard Report]

The final day of Scaling New Heights 2024 wrapped up with powerful keynote speeches and closing sessions that left attendees inspired and equipped with new strategies to implement in their practices. Read more...

Technology news

Digits Acquires Budgeting, Planning Company Basis [PR Newswire]

Digits has acquired Basis, a company known for its budgeting and planning software. This acquisition aims to expand Digits' capabilities and provide more robust financial tools to their users. Read more...

Research: Using AI at Work Makes Us Lonelier and Less Healthy [Harvard Business Review]

A Harvard Business Review article examines the unintended consequences of using AI at work, highlighting that while AI can boost efficiency, it may also lead to increased feelings of loneliness and poorer health among employees. Read more...

Why Cross-Functional Collaboration Stalls and How to Fix It [Harvard Business Review]

Harvard Business Review explores why cross-functional collaboration often fails and provides practical solutions to overcome these barriers. The article emphasizes the importance of clear communication and aligned objectives. Read more...

Accounting news

Smaller Auditors Urge Regulator to Slow Pace of Rule Writing [Bloomberg Tax]

Smaller audit firms are calling on regulators to slow down the pace of new rule implementations. They argue that the rapid introduction of new rules is challenging to manage and could compromise the quality of audits. Read more...

Plan for New Accounting Rules on Software Costs Moves Forward [Wall Street Journal]

The Wall Street Journal reports on the progress of new accounting rules concerning software costs. These rules aim to provide clearer guidelines on how businesses should account for software-related expenses, potentially affecting many companies. Read more...

Your Clients Retired. What Now? [Accounting Today]

A podcast from Accounting Today discusses strategies for accountants to continue providing value to clients who have retired. The episode explores various approaches to maintain client relationships and offer relevant services during retirement. Read more...

Other interesting things we found

Small Business Accountant Services: Maximizing the Accountant-Client Relationship [ADP]

An article by ADP highlights how small business accountants can enhance their client relationships. It emphasizes the importance of understanding client needs, utilizing technology, and delivering personalized services to add value. Read more...