Scaling New Heights 2025 was a huge success, and we at Woodard would like to extend our gratitude to everyone who attended. Over the next few weeks, we'll be sharing a series of articles that include insights from the main stage and breakout sessions!
As we gear up for the holiday weekend (Happy (early) Fourth of July!), the accounting profession continues to see exciting developments. From major acquisitions to AI innovation and co-sourcing trends, this week’s accounting news is packed with developments that reflect the profession’s evolving landscape. Plus, don’t miss your chance to nominate a standout for the 2025 Innovation Awards.
Intuit has launched an AI Agent Team inside QuickBooks, introducing digital assistants to streamline tasks like transaction categorization, invoice tracking, and cash flow forecasting. This new rollout signals Intuit’s push to create more proactive, autonomous accounting experiences for small businesses and their advisors. Read more...
Xero has announced plans to acquire Melio, a leading B2B payments platform. The acquisition aims to expand Xero’s payment capabilities, giving small businesses more flexibility to manage payables and improve cash flow with integrated, user-friendly solutions. Read more...
CPA Practice Advisor is now accepting nominations for its 2025 Innovation Awards, which celebrate technologies and solutions that deliver measurable improvements in workflow, productivity, and client value. Submissions are open through August. Read more...
The Electronic Tax Administration Advisory Committee (ETACC) released its 2025 annual report to Congress and the IRS, urging continued investment in e-filing systems, taxpayer identity protections, and cybersecurity infrastructure. The report also includes recommendations for enhancing communication between the IRS and tax professionals. Read more...
In recent remarks, former President Trump indicated that he is unlikely to extend the July 9 tariff deadline, raising concerns for importers and businesses with global supply chains. Tax professionals are advising clients to prepare for potential cost and compliance impacts if tariffs are reimposed. Read more...
Wiss and Rillet, two forward-looking advisory firms, have announced a new co-sourced accounting model tailored for growth-minded small and midsize businesses. The offering combines in-house finance support with on-demand expertise, helping clients scale efficiently while reducing fixed overhead costs. Read more...
Stay tuned for next week’s In the News update with more developments shaping the accounting profession.
This article was drafted using AI and reviewed and edited by humans.