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.
Taxes April 2, 2025
Washington Gov. Ferguson Says He Won’t Sign a State Budget with a New ‘Wealth Tax’
Washington Gov. Bob Ferguson on April 1 panned budget plans by legislative Democrats for relying on "far too much in taxes," including a new wealth tax he warned could be overturned by courts.
Small Business April 2, 2025
What to Know About Texas Franchise Tax
If you do business in Texas, you’ve probably heard of franchise tax. But you may not know exactly what the Texas franchise tax is — or if it applies to you. This blog post and Texas franchise tax FAQ will answer the following questions.
Taxes April 1, 2025
‘Tariffs Are a Tax’: Canada Funds Anti-Tariff Billboards in Several States
These anti-tariff messages have popped up on digital billboards in Georgia, Florida, and 10 other states, as well as around the nation’s capital, all paid for by the Canadian government.
Taxes April 1, 2025
AICPA Applauds Passage of Bipartisan Bills to Improve Tax Administration and Offer Relief to Taxpayers, Practitioners
These bills, which were also included in the recent Senate discussion draft, will improve transparency and fairness for taxpayers and are strongly supported by the AICPA.
Small Business April 1, 2025
Mississippi Considers 2025 Retail Delivery Fee
Mississippi may implement a retail delivery fee as early as July 1, 2025. If it does, it will join Colorado and Minnesota, the only states with a fee on retail deliveries today.
Taxes April 1, 2025
How the 50 States Rank By Tax Burden (Updated for 2025)
Residents of Hawaii are burdened by taxes the most, while Alaska residents have the lowest tax burden, a new WalletHub study found.
Taxes March 31, 2025
Trump Orders Treasury and IRS to Eliminate Paper Checks
President Donald Trump signed an executive order last week that authorizes the federal government to begin phasing out the use of paper checks and switch exclusively to electronic payments this fall, with some limited exceptions.
Payroll March 31, 2025
Taxpayer Absorbs Full Tax Weight on Hardship Distribution
If a taxpayer is in dire need, the taxpayer may choose to take a “hardship distribution” from a qualified retirement plan. However, as shown in a new case, Campana, TC Memo 2025-23, 3/19/25, this doesn’t absolve any tax liability.
Taxes March 31, 2025
IRS Data Shows Tax Refund Amounts Are 4.6% Higher This Tax Season
The IRS has sent more than 55.7 million refunds to taxpayers totaling nearly $179.5 billion thus far this tax season, an increase of 1.3% and 5.9%, respectively, from last year.
Taxes March 29, 2025
Happy 50th Birthday to the Earned Income Tax Credit
A component of the Tax Reduction Act, the EITC was signed into law by President Gerald Ford on March 29, 1975, and has become one of the federal government's largest anti-poverty programs.
Taxes March 28, 2025
Bank Secrecy Act Data Key to IRS-CI Cracking Many Financial Crime Cases
The IRS Criminal Investigation unit released new statistics on March 28 highlighting how the agency has investigated financial crimes using Bank Secrecy Act data.
State and Local Taxes March 27, 2025
How to Anticipate and Navigate Property Tax Scenarios for Businesses
Property taxes and business license compliance present a complex landscape, especially when significant business events involving mergers, acquisitions, or expansion occur.