In the News: May 20, 2025

As May rolls on and summer draws near, the accounting profession continues to make headlines. This week’s roundup includes IRS grant opportunities, firm leadership news, layoffs, tech integrations, and advice for maximizing your ROI at industry events.

What's Happening at Woodard

Build-a-Bike Community Service Event to Be Held at Scaling New Heights 2025 (Woodard.com)

Join fellow Scaling New Heights attendees for a meaningful community service activity on Saturday, June 21^st, where teams will assemble bikes for kids in need. Read more and sign up...

Podcast: Maximizing ROI at Accounting Conferences (The Woodard Report)

In Episode 122 of The Woodard Report Podcast, Joe Woodard and Heather Satterley share tips and strategies for getting the most value out of attending accounting and advisory conferences. Read more and listen...

IRS & Government News

IRS Opens Grant Applications for TCE and VITA Programs (IRS.gov)

The IRS has opened the application window for grants supporting the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) programs for the 2026 filing season. Read more...

Technology News

Intuit’s App Partner Program Marks New Phase in Developer Ecosystem (The Woodard Report)

Intuit announced a redesigned and monetized version of its App Developer program. Learn more about the new pricing tiers and the five new APIs being launched to add functionality and value to its integrations. Read more...

Karbon Announces Integration with Xero (The Woodard Report)

Karbon has unveiled a new integration with Xero, aimed at streamlining workflows for accounting professionals using both platforms. Read more...

Accounting Industry News

Layoff Watch: RSM US Announces Another Round of Cuts (Going Concern)

RSM US has initiated another round of layoffs in an effort to manage staffing levels amid economic uncertainty. Read more...

Accounting MOVE Project Launches 2025 Survey (CPA Practice Advisor)

The 2025 edition of the Accounting MOVE Project is underway, focusing on advancing women and underrepresented talent in the accounting profession. Read more...

Grant Thornton’s Gupta Named Chair of AICPA Financial Reporting Committee (CPA Practice Advisor)

Anjali Gupta of Grant Thornton has been appointed chair of the AICPA’s Financial Reporting Executive Committee (FinREC), bringing a fresh perspective to the committee’s mission of guiding reporting best practices. Read more...

Stay tuned for next week’s In the News update for more headlines and insights from across the accounting profession.