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 February 4, 2025
IRS Says No Tax Deduction for IVF Expenses of Surrogate
In a new private letter ruling, the IRS said that in vitro fertilization (IVF) expenses for a surrogate on behalf of a married couple are not deductible by the couple as a medical expense under the tax code.
Taxes February 4, 2025
Survey: One in Five Americans Would Rather Renew Driver’s License at a DMV Than Work on Their Taxes
A new survey from Invoice Home sought to uncover the current state of consumer tax filing for Americans in 2025 and the hurdles people are willing to put themselves through when it comes to filing annually.
Small Business February 4, 2025
Avalara Report Shows States Trying to Simplify Sales Taxes, Amping Up Audit Teams, and Increased E-Invoicing
Key findings in the 2025 Avalara Tax Changes report point to nascent state-by-state efforts to alleviate the burden of tax compliance related to economic nexus laws.
Taxes February 3, 2025
Trump Pauses 25% Tariffs on Canadian Goods for a Month After Deal with Trudeau
After what he called a “good call” with President Trump, Prime Minister Justin Trudeau said Canada would be implementing tougher border security to fight illegal immigration and drug trafficking along the nation’s shared border.
Taxes February 3, 2025
Only 1 in 4 People Feel Confident About Filing Their Taxes, Survey Finds
From a fear of being audited by the IRS to a lack of familiarity with U.S. tax laws, people across the country have expressed a diverse range of emotions as the April 15 federal income tax deadline looms closer, according to findings from a new Adobe survey.
Taxes February 3, 2025
Tax Identity Theft Victims’ Wait Times Are Slowly Getting Shorter, Taxpayer Advocate Says
The IRS is slowly cutting the time it takes to assist taxpayers who have been victims of tax-related identity theft, National Taxpayer Advocate Erin Collins said last week.
Taxes February 3, 2025
Mexico Reaches Deal with Trump to Avert Tariffs for at Least a Month
Mexican President Claudia Sheinbaum said she spoke to the American leader Monday morning and that they came to an accord that delays for at least a month Trump's threat of 25% tariffs on all Mexican goods imported to the U.S.
Taxes February 3, 2025
Top 10 Biggest Income Tax Credits and Deductions for 2025
Tax credits are usually a direct subtraction of what you owe, and can sometimes come back to you in your refund. A tax deduction generally reduces what your taxable income is. In this article, we're looking at the Top 10 tax credits and deductions, if you qualify!
Small Business February 3, 2025
Taxes for Gig Workers: Survey Shows Many Are Unprepared for Lower 1099-K Reporting Threshold
More than 20% of respondents plan to pay a tax professional for the first time as a result of 1099-K reporting changes and complexity.
Taxes February 3, 2025
The Biggest Tax Credit Many People Miss: The EITC
One in five eligible taxpayers don’t claim this credit worth up to $7,830.
Taxes February 3, 2025
Brigham Young University Wins 23rd Annual Deloitte FanTAXtic National Case Study Competition
Students from Brigham Young University won Deloitte’s 2025 FanTAXtic national case study competition. Baruch College and the University of Florida came in 2nd and 3rd.
Taxes February 2, 2025
Products Most Likely to Increase in Cost Due to Tariffs, From Avocados to Cars
The tariffs are due to take effect at 12:01 am on Tuesday. Here’s a look at key imports from the three counties that could become more costly.