We've compiled some notable happenings in the accounting world in this week's "In the News!" Read about our latest Woodard Top 50 Client Accounting Services Award spotlight, innovations and learning opportunities from the IRS, Intuit's new Bill Pay feature, and flaws found in OpenAI's popular ChatGPT-4.
Varc Solutions Award Recognition
A recent spotlight in the Woodard Report underscores the exemplary strides of Varc Solutions, a proud recipient of the Woodard™ Top 50 Client Accounting Services Award. This honor sheds light on the firm's innovative approach and sets a benchmark for excellence in client accounting services.
IRS Advances Direct File Project
The IRS is advancing its Direct File project for the 2024 tax season, a forward-thinking initiative aimed at simplifying the tax filing process for eligible taxpayers across 13 states. This project is indicative of the IRS's commitment to leveraging technology for streamlined taxpayer services.
2023 IRS Nationwide Tax Forums Sessions Now Available Online
The IRS has made 18 of the most popular sessions from the 2023 IRS Nationwide Tax Forums available as online self-study courses. Each course is free to watch, and you can pay $29 per course to access the self-study assessments to receive CPE credits.
Intuit's QuickBooks Bill Pay
Intuit unveils QuickBooks Bill Pay, extending its money platform to ease business-to-business (B2B) transactions through accounts payable automation. Watch for an upcoming article in the Woodard Report with a review of this new feature.
Changing Talent Needs in Accounting
The evolving nature of the accounting profession is underscored by a feature in Accounting Today, where controllers share insights on the anticipated shift in talent needs over the next five years, spotlighting the essential skills for the future.
GTP-4 Flaws Uncovered
A Microsoft-affiliated study reveals certain flaws in GTP-4, underscoring the importance of vigilance and continuous improvement amidst the rapid technological advancements in the accounting landscape.