The Woodard Report

In the News: May 13, 2025

Written by The Woodard Report Team | May 13, 2025 3:13:59 PM

We hope your May is off to a smooth start and you had a joyful Mother’s Day weekend. As the profession catches its breath after another busy tax season, this week’s headlines show that the pace of change isn’t slowing. From major firm layoffs and AI policy shifts to IRS news and upcoming events, we’ve rounded up what you need to know.

What's Happening at Woodard

Podcast: IRS Shakeups & AI Breakthroughs — Turning Industry Chaos Into Opportunity (The Woodard Report)

In Episode 121 of The Woodard Report Podcast, Eric Green joins Heather Satterley to explore recent IRS changes and AI developments, sharing strategies for turning uncertainty into firm growth. Read more...

Transforming SOPs Into a Competitive Advantage (The Woodard Report)

If your standard operating procedures feel like a burden, this article breaks down how to optimize them for efficiency, scalability, and differentiation. Read more...

IRS & Regulatory News

IRS Interest Rates Hold Steady for Q3 (IRS.gov)

The IRS announced that interest rates will remain unchanged for the third quarter of 2025. These rates impact both overpayment and underpayment calculations. Read more...

State AI Regulation Ban Tied to GOP Fiscal Bill (Accounting Today)

A new Republican-led fiscal proposal includes a provision that would prohibit states from regulating AI, triggering national debate over federal and state tech oversight. Read more...

Accounting Industry News

Top 100 Firms: What the Data Really Tells Us (Accounting Today)

Allan Koltin digs into the numbers behind the Top 100 Firms list, offering insights on M&A trends, growth patterns, and future challenges for the profession. Read more...

Layoff Watch: PwC to Cut 1,500 Jobs (Going Concern)

PwC has announced plans to eliminate 1,500 positions as part of a restructuring initiative. The firm says the move is designed to "align for the future." Read more...

Events & Opportunities

Still Time to Register for Scaling New Heights Next Month in Orlando

Don't miss your chance to be part of one of the most impactful conferences in the profession. SNH 2025 is happening next month in Orlando — there's still time to register! Read more...

Intuit Connect Registration Opens May 28 (Insightful Accountant)

Intuit's flagship conference, Connect, opens registration later this month. The event will cover product innovations, training, and expert insights for tax and accounting pros. Read more...

Stay tuned for next week's In the News roundup, where we'll continue to bring you the most important developments and resources shaping the future of the accounting profession.