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.
Small Business June 29, 2025
Trump Says He Probably Won’t Extend July 9 Tariff Deadline
President Donald Trump said he doesn’t think he’ll need to extend the July 9 trade deadline he has imposed on countries to secure deals with the U.S. to avoid higher tariffs.
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.
Legislation June 29, 2025
AICPA Releases Statement on Text of Senate Bill Regarding Pass-Through Entities
The president and CEO of the American Institute of CPAs, Mark Koziel, CPA, CGMA, has released a statement following the release of the text of the U.S. Senate’s reconciliation bill.
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 June 27, 2025
Trump Hints July 4 Deadline Could Change for Tax Bill
“It’s not the end-all. It can go longer,” Trump told reporters at a White House press conference on June 27. “But we’d like to get it done by that time, if possible.”
Taxes June 27, 2025
Trump Ends Trade Talks With Canada, Threatens to Set Tariff
President Donald Trump said he was ending all trade discussions with Canada after claiming the country moved to implement a digital services tax and threatened to impose a fresh tariff rate within the next week.
Taxes June 27, 2025
Tax Carveout for Hillsdale College Ruled Out of Trump’s Bill
The Senate parliamentarian concluded that a section of the tax bill exempting a small number of religious schools, including the Christian liberal arts college in Hillsdale, MI, violated the chamber's procedural rules for the budget reconciliation process.
Taxes June 26, 2025
House Freedom Caucus Members Bash Senate Over Clean Energy Credits in Trump’s Tax Bill
In an opinion column for Newsweek, the caucus members argued that the Senate would preserve “too much” of what President Donald Trump previously called a “scam.”
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.
Small Business June 26, 2025
2025 Sales Tax Holiday – State-by-State Update
Sales tax holidays typically delight consumers, but they can be hard on retailers. Keep reading to find out why and to learn which states will have sales tax holidays in 2025.
Firm Management June 26, 2025
Tax Firms Without AI Strategies Will Fall Behind (and Fast), New Study Warns
Survey respondents predict AI will save professionals 5 hours weekly, translating to 240 hours annually per professional.
Taxes June 25, 2025
IRS Staff Reductions, Potential Tax Law Changes Pose Challenges to Next Tax Season, Taxpayer Advocate Says
Despite calling this past tax filing season one of the most successful in recent memory, National Taxpayer Advocate Erin Collins warned there are potential risks heading into the 2026 tax season and that "it is critical that the IRS begin to take steps now to prepare."