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Taxes December 18, 2025
The confirmation follows Monday’s posting of a draft IRS Form W-2G, reflecting changes mandated by the OBBBA, which amended federal information-reporting requirements for certain payments, including casino gambling winnings.
Taxes December 18, 2025
Among the most immediate impacts of rescheduling marijuana as a Schedule III drug would be relief from IRS Code 280E, which prevents businesses that handle Schedule I or II substances from deducting routine expenses such as rent, payroll and equipment.
AICPA December 18, 2025
The act offers taxpayers impacted by disasters more opportunities to meet their tax obligations without additional confusion, stress, and anxiety.
Firm Management December 18, 2025
The Grant Thornton network of global accounting firms raked in a record $8.5 billion of revenue for the 2025 financial year, an increase of 6.1% in local currency terms and 5.9% in U.S. dollar terms from the previous year.