Taxes August 30, 2025
SPECIAL SERIES: Spotlight on 2025 ‘Big Beautiful Bill’ Tax Law Changes
This series of articles spotlights key tax issues and changes made to tax law in 2025 and the years to come as a result of the OBBBA.
Tax Planning July 11, 2025
New OBBBA Federal Tax Law Prompts Planning Surge, Complexity for CPAs
In the wake of the sweeping One Big Beautiful Bill Act (OBBBA), signed into law just one week prior, accounting professionals are scrambling to understand and apply a raft of new federal tax provisions.
July 11, 2025
Overview of the New Tax Laws in the OBBBA – The Accounting Technology Lab Podcast – July 2025
In this special podcast, Brian Tankersley, CPA, and Randy Johnston welcome Wolters Kluwer tax law expert Mark Luscombe, CPA, to discuss the key changes to tax law with the passage of the One Big Beautiful Bill Act.
Taxes July 11, 2025
IRS Provides Tax Relief to Kerr County After Deadly Texas Floods
Individuals and businesses in Kerr County, Texas, have until Feb. 2, 2026, to file various federal tax returns and make tax payments after flash floods hit the Texas Hill Country on the Fourth of July.
Taxes July 10, 2025
The Tax Blotter – OBBBA – July 2025
The new tax law—known as the “One Big Beautiful Bill Act” (OBBBA)—generally extends the current rules for mortgage interest deductions, with certain modifications.
Taxes July 9, 2025
Ohio Lawmaker Introduces Bill to Save IRS Direct File From Termination
U.S. Rep. Emilia Sykes (D-OH) introduced legislation on July 9 called the “Get Your Money Back Act" to secure the future of the Direct File tax filing program and require that all states make it available to their residents.
Taxes July 9, 2025
What CPAs Should Know About the Return of 100% Bonus Depreciation in 2025
Whether your clients are investing in commercial buildings, launching new ventures, or improving existing properties, this update creates fresh opportunities for accelerated deductions.
Taxes July 7, 2025
What GenAI Means for the Future of Tax Work
From flagging regulatory risks to modeling tax scenarios in real time, GenAI is changing the expectations around what’s possible—and what’s expected—in tax planning and compliance.
Taxes July 4, 2025
President Signs Sweeping Tax and Spending Bill Into Law
President Donald Trump held an outdoor signing ceremony at the White House on Friday, formally enacting a major tax and spending bill that passed through the Senate and House earlier in the week.
Income Tax July 3, 2025
AICPA Makes Recommendations as Treasury and IRS Transition to Electronic Payment and Disbursement System
The adoption of an electronic system for federal disbursements and receipts would increase efficiency, reduce costs, and significantly diminish the occurrence of lost or stolen checks.
AICPA July 1, 2025
AICPA Applauds Senate Passage of Reconciliation Bill, Encourages House Support
The U.S. Senate passed its reconciliation bill earlier today, which removes the limit on pass-through businesses’ state and local tax (SALT) deductions entirely, generating optimism for those affected businesses.
Taxes June 29, 2025
Senate Tax Bill Would Add $3.3 Trillion to Deficit, Says CBO
The bill’s cost has been a big problem for fiscal conservatives. It has faced several obstacles in the Senate as lawmakers have demanded conflicting changes.
Payroll June 26, 2025
States With the Highest and Lowest Take-Home Pay for a $100,000 Salary
The personal finance website GoBankingRates analyzed state and federal data from the Tax Foundation for 2024 to assess what a $100,000 income looks like in each state.