June is here, and the accounting profession is moving quickly on every front. AI tools are becoming more agentic, the talent conversation is getting sharper, ERC disputes are heading toward court, and Woodard is focused on helping firms strengthen their processes before the next wave of client work begins. Here’s what stood out this week.
Woodard’s upcoming webinar on June 10th focuses on helping firms create a more reliable month-end close by standardizing workflows, documenting processes, reducing tool hopping, and improving visibility across client work. The session is designed for firms that want to make CAS and bookkeeping services more scalable, consistent, and less dependent on knowledge that lives only in team members’ heads. Register now…
This episode of The Woodard Report Podcast explores how firm owners can make stronger decisions about client fit, niche focus, and firm culture. The conversation reminds practitioners that growth is not only about adding more clients. It is also about choosing the right clients, building services around work the firm can do well, and creating a business that is sustainable and enjoyable to run. Read more…
As AI tools become more powerful, productivity systems still matter. This Woodard article argues that the ability to define outcomes, manage commitments, and execute consistently becomes even more important when teams have access to automation. AI can accelerate work, but firms still need strong habits, clear next actions, and reliable follow-through to turn ideas into results. Read more…
Law firm bookkeeping is not standard small business bookkeeping. This article highlights the questions bookkeepers should ask before accepting a law firm client, especially around trust accounts, IOLTA requirements, client funds, compliance expectations, and reporting needs. It is a strong reminder that niche work can be profitable, but only when firms understand the risks and build the right workflows before saying yes. Read more…
Ramp introduced Ramp Stack, an AI-based operating system built specifically for accounting firms. The platform uses AI agents to support close related work, including recurring schedules, journal entries, book reviews, payroll allocations, bank feed coding, and sales tax reconciliations. The system includes reviewable outputs, client memory, connected data sources, editable workflow “Skills,” and an Advisor Console for monitoring work across clients. Read more…
Accounting Today’s technology roundup includes several notable product updates for firms and clients. Karbon launched Kai, an AI coworker built into its practice management platform, along with AI notetaking, analytics, email triage, and agentic close checks. Avalara introduced Tax Content Essentials to automate tax rate management. Gusto announced Gusto Cofounder, an AI teammate for small businesses that can run payroll tasks, monitor anomalies, send reminders, and work through SMS, Slack, or the web. Read more…
Zoho’s point of sale software is now available in the United States, giving retailers another integrated option for managing sales, inventory, and customer activity. Read more…
Intuit is reportedly cutting about 3,000 jobs, or roughly 17% of its global workforce, as part of a broader restructuring. Read more…
Intuit suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its workforce, or roughly 3,000 employees, while also reporting slower than expected TurboTax sales. Read more…
Treasury and the IRS announced plans to issue proposed regulations addressing the excise tax on excess executive compensation at tax exempt organizations under the One, Big, Beautiful Bill. Read more…
The IRS announced nationwide hiring events for customer service representatives and tax examining technicians. The hiring push is notable as the agency continues to manage service expectations, processing demands, and taxpayer support needs. Read more…
House Ways and Means lawmakers are preparing legislation aimed at creating a clearer tax framework for cryptocurrency. While details are still developing, the effort reflects continued pressure to define reporting rules, tax treatment, and compliance expectations for digital assets. Read more…
A new Personiv report finds that the average number of open accounting and finance roles per company has climbed to 17, compared with five in 2025 and two in 2024. The most difficult roles to fill include senior accountant, staff accountant, and tax accountant. The report also shows how firms are turning to AI and outsourcing, with many leaders saying AI, automation, and outsourced talent are changing current and future headcount needs. Read more…
This week’s updates point to a profession that is still juggling competing pressures: clients need better processes, firms need talent, technology is moving faster, and tax work remains complex. The firms that create structure now, especially around month-end close, AI adoption, and staffing strategy, will be better positioned for the second half of the year.
This article was written with the assistance of AI and edited by a human.