This week’s In the News includes new IRS inflation adjustments, accounting technology updates, changes to practice management pricing, and more. We’re also sharing a new The Woodard Report Podcast episode on the future of accounting, along with articles on AI skills, sales tax documentation, and trends emerging across the profession.
What’s happening at Woodard
The Future of Accounting: AI, Human Connection and Innovation (The Woodard Report Podcast)
In episode 195 of The Woodard Report Podcast, Joe Woodard is joined by Brad D. Messner, PhD, EA, to discuss how AI, client expectations, regulation, and technology could shape accounting over the next several years. Their conversation also looks at why communication and relationship skills will become more important as more technical work becomes automated. Read more...
The Exemption Certificate Problem That Surfaces at Audit (The Woodard Report)
Ryan Le looks at a common sales tax issue that may remain unnoticed until an audit: missing or expired exemption certificates. This article explains why practices should help clients maintain current documentation as customer relationships and product offerings change rather than waiting until an auditor requests proof of an exemption. Read more...
Behind the Doors of the AICPA / CPA.com Executive Roundtable (The Woodard Report)
Camden Bean shares observations from an AICPA and CPA.com executive roundtable that brought together accounting technology companies and profession leaders. One recurring theme was the growing number of companies developing AI agents for tax, audit, client accounting services, and other accounting workflows, along with the challenge of turning technology purchases into everyday adoption. Read more...
How to Build AI Skills Across Your Firm (The Woodard Report)
Jess Munday outlines steps practice leaders can take to build a stronger foundation for AI use across their teams. This article covers prompting, understanding where AI works well, and developing processes for checking results so employees can use the technology more consistently and effectively. Read more...
Tax updates
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027 (CPA Practice Advisor)
The IRS announced inflation adjustments for tax year 2027, including increases to tax brackets, the standard deduction, and several credits and exclusions. Read more...
Practice management and technology updates
TaxDome Switches From Per-Seat to Per-Client Pricing (Accounting Today)
TaxDome announced that it is moving from per-seat pricing to a per-client model, with the change taking effect for existing customers when they renew beginning in January 2027. The new plan starts at $1,500 per year for up to 150 active accounts and 20 team members, with additional client capacity available separately. Read more...
Canopy Reveals General Availability of AI Tax Workflow Automation (CPA Practice Advisor)
Canopy announced the general availability of its Tax Workflow Automation suite, which connects client intake, tax preparation, return delivery, signatures, and payment collection. The system includes tools that can create personalized questionnaires and document checklists, organize uploaded documents, connect with AI preparation partners, and guide clients through the final delivery process. Read more...
Remote Launches Expense Cards Built Into EOR (CPA Practice Advisor)
Remote introduced expense cards for eligible employees hired through its employer of record service. Companies can issue virtual cards with spending controls while transactions and receipts remain connected to the employee and employment information already maintained within Remote, reducing the need for separate reimbursement and expense systems. Read more...
ADP and Campfire Partner to Expand Access to HCM Capabilities (CPA Practice Advisor)
ADP and Campfire announced an integration connecting workforce and financial data across their platforms. Payroll, labor cost, and headcount information from ADP Workforce Now can flow into Campfire, where AI tools can assist with tasks such as payroll accruals, labor reconciliation, and explaining workforce-related variances while maintaining human approval and an audit trail. Read more...
Mergers and acquisitions
Aprio Acquires Texas-Based RIA Garner Asset Management (CPA Practice Advisor)
Aprio acquired Garner Asset Management, a fee-only registered investment adviser based in Plano, Texas. The transaction expands Aprio Wealth Management’s presence in the Dallas-Fort Worth area and adds Garner’s financial planning and investment advisory capabilities to Aprio’s broader accounting, tax, advisory, and wealth management services. Read more...
This article was written with the assistance of AI and edited by a human.
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