This week’s In the News includes IRS updates, new accounting technology, AI tools, and more. We’re also sharing a new The Woodard Report Podcast episode on transition planning, along with new articles on AI guidelines for bookkeepers.
In episode 194 of The Woodard Report Podcast, Heather Day is joined by Patricia Hendrix, Vice President of Communities at Woodard, to discuss transition strategies, contingency planning, and building transferable value. The conversation looks at why practice owners should start planning long before they are ready to step away and how preparation can create more options for the future. Read more...
Kristin Dodd explains why the July 10, 2026, protective filing date tied to Kwong v. United States may not be the end of the story for every taxpayer. For clients affected by later federally declared disasters, additional relief may provide a reason to take another look at refund claim deadlines, although the legal arguments remain unsettled. Read more...
In this installment of Dear Deb, Debra Kilsheimer looks at how bookkeeping practices can create AI guidelines even without a single set of professional rules specifically for bookkeepers. She covers client confidentiality, reviewing AI-assisted work, setting internal policies, and regularly revisiting those policies as technology changes. Read more...
The IRS has begun issuing refunds to more than 50,000 taxpayers affected by a change in how prior-year Adoption Tax Credit carryforwards are treated for tax year 2025. Most eligible taxpayers will not need to file an amended return, and the IRS expects most refunds to be completed by the end of the year. Read more...
TaxDome released a public API and Model Context Protocol (MCP) server that allow practices to connect tools such as Claude and ChatGPT to TaxDome data or build custom workflows. Practice owners can control who has access and whether each connection can only read information or also make changes. Read more...
PNC Bank and ADP announced PNC Payroll by ADP, which will bring payroll, HR, time tracking, benefits, and other services into PNC’s digital banking platform. The offering is designed to give small businesses a more connected way to manage banking, payments, and employee-related operations. Read more...
Digits launched Multi-Entity, allowing businesses and accounting practices to manage multiple legal entities within one organization, login, subscription, and bill. Each entity maintains its own ledger, close, and tax identity while users can manage them from one place. Read more...
Wolters Kluwer announced new agentic capabilities in CCH Axcess for tax preparation, tax planning, fixed assets, and audit. AI agents can help prepare and advance work while accounting professionals remain responsible for reviewing results, making decisions, and applying professional judgment. Read more...
Ignition launched Parkes, an AI coworker designed for accounting and bookkeeping practices. Parkes can review engagements and proposals to identify underpriced work, scope changes, and potential opportunities, then draft updates for the practice to review. Read more...
This article was written with the assistance of AI and edited by a human.