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Taxes July 7, 2025
A Nevada lawmaker has proposed a bill that would restore a gambler’s ability to deduct 100 percent of losses on annual tax filings, which was altered in the One Big Beautiful Bill Act signed into law last week.
Taxes July 7, 2025
Commercial property taxes are a major line item on the balance sheet — something that’s often misunderstood, miscalculated, or simply overlooked when it comes to potential savings.
Taxes July 7, 2025
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 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.
Steven M. Phelan, CPA.CITP manages an accounting practice based in Oklahoma City, Oklahoma. Areas of practice include taxation, general accounting and technology consulting. He is active within the CPA profession and is a frequent speaker at seminars and conferences throughout Oklahoma. Steven was recently added as a discussion leader for K2 Enterprises where he speaks to CPAs throughout the nation covering a variety of technology topics. Steven is currently a contributing author to the CPA Practice Advisor, where he reviews tax and accounting software solutions. Most recently, Steven was selected as a 2012 Oklahoma Society of CPAs Trailblazer recipient, which recognizes service to the CPA profession and to the community.