Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
General News April 17, 2025
Here’s When New Ford Buyers Could See Price Increases if Tariffs Remain
Ford Motor Co. customers waiting to purchase a vehicle this summer could be in store for higher prices if President Donald Trump's tariffs remain unchanged.
IRS April 17, 2025
Trump’s Pick to Lead IRS Under Scrutiny For Latest Campaign Finance Disclosures
Billy Long, a former GOP lawmaker and President Donald Trump’s nominee for IRS commissioner, disclosed in new federal filings on Tuesday that he paid himself back using campaign donations for a $130,000 loan he made to his failed 2022 Senate campaign.
Taxes April 17, 2025
Harvard Warns of ‘Grave Consequences’ as Trump Pushes IRS Action
Harvard University pushed back against the U.S. government after President Donald Trump said the school should lose its tax-exempt status, warning that such a move would endanger its ability to carry out its mission and threaten higher education in America.
Taxes April 16, 2025
IRS Direct File Likely to Be Shut Down After This Year
The Trump administration is reportedly planning to pull the plug on IRS Direct File, the free online service that allows many taxpayers to file their tax returns directly with the agency.
IRS April 16, 2025
IRS Updates RIF Plans, Could Lay Off Up to 40% of Workforce
An internal memo said the IRS workforce, which sat at approximately 100,000 when President Donald Trump took office on Jan. 20, could be reduced to as little as 60,000 to 70,000 employees in the coming months.
Firm Management April 16, 2025
Third Annual State of Accounting Workflow and Automation Report Released
The 2025 report provides a detailed analysis of the most significant workflow challenges that emerged in 2024, emphasizing the ongoing issues with workflow inefficiencies.
Accounting April 16, 2025
Sage and Wipfli Team Up for New Tech Innovations for Healthcare
Sage Intacct Clinical eProcurement and Sage Intacct EMRConnect were developed in partnership with Wipfli and are designed to address the unique needs of healthcare finance leaders.
Accounting April 16, 2025
Survey of Massachusetts CPAs Reveals Outmigration, Workforce Strains and Urgent Need for Tax Reform
The report analyzes insights from nearly 200 CPAs representing approximately 4,600 high-income clients and dozens of in-state business leaders, offering a critical pulse on the tax, workforce and business trends.
Taxes April 16, 2025
How to Navigate Depreciation Deductions for Business Property
Generally, you can claim depreciation-related tax breaks for qualified business property that is “placed in service” during the year. But in a new case involving a yacht chartering operation, the Tax Court acknowledged that these can be tricky tax waters.
IRS April 16, 2025
Roughly 20,000 IRS Workers Have Requested DRP 2.0 Offer, Reports Say
About one-fifth of the IRS workforce has requested to take an offer through the second deferred resignation program to be put on paid administrative leave through the end of September.
Small Business April 16, 2025
Economists See Tariffs Eating into Growth and Hiking Prices as Recession Fears Loom
Prominent economists are lowering their U.S. growth forecasts this year while hiking their expectations for inflation, with the tariff war raising the likelihood of a recession.
IRS April 16, 2025
IRS Workers Faced a Resignation Deadline as Americans Rushed to File Their Taxes
Monday was the last day for IRS workers to upload their resumes, so agency leaders could determine their qualifications, which they were instructed to do earlier this month as part of a planned reduction in their workforce.