Episode 136 - From IRS Shakeups to CPA Pathways: Adapting to Change in Accounting - The Woodard Report Podcast

On this episode of the Woodard Report podcast, Joe and Heather speak about the latest IRS leadership turnover and the growing shift in CPA licensure requirements, including Illinois’ move from the 150-hour to the 120-hour rule. They also share insights on how AI is reshaping opportunities in the profession, discuss the value of niching for accounting firms, and reflect on lessons from pop culture quotes.

Referenced during the show:

Current events —

• Billy Long out as IRS commissioner after less than two months
• Illinois signs new CPA pathways bill

TV/Movie quote of the week —

• Heather mentioned The White Lotus, Season Three
• Joe mentioned 21

Excellent things we learned —

• Clients Demand Niche Know-How, and They’re Willing to Pay for It

Member spotlight —

• Vicky D Henry, CPA
• Thrive Business Services

The Woodard Report article of the week —

• Nailing Your Niche: Stop Taking Everyone as a Client

Thank you to our show sponsor, Bill, your financial operations platform. Bill is the intelligent way to create and pay bills, send invoices, manage expenses, control budgets and access the credit your business needs to grow all in one platform.

Learn more about the show and our sponsors at Woodard.com/podcast