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Taxes February 17, 2025 

Secretary of Defense Pete Hegseth accused former President Joe Biden’s administration of rushing an IRS audit into him in a post to social media platform X on Monday.

Accounting February 17, 2025 

Voting in the 2025 Readers’ Choice Awards is now open. Each year, readers get the opportunity to show their support for the programs, hardware, services, and other technologies they use and trust.

Isaac M. O'Bannon

IRS February 17, 2025 

The IRS is poised to hand over unlimited access to taxpayer data to an adviser from Elon Musk’s government efficiency group, according to a draft agreement between the tax agency and the Office of Personnel Management.

Taxes February 17, 2025 

Voters are clear in how they want Congress to shore up the massively popular program’s deteriorating finances, but lawmakers don't seem to be listening.

Mergers and Acquisitions February 17, 2025 

"This merger strengthens our ability to provide top-tier accounting, tax, and advisory services while ensuring a seamless transition for all clients," KSDT CPA, one of the top 200 largest accounting firms in the U.S., said in a media release.

Jason Bramwell

Small Business February 17, 2025 

At nearly $5 a dozen, the price of eggs just surpassed record highs, and while quite moderate in comparison, bread, electricity, gasoline and natural gas also saw meager month-over-month increases.

Small Business February 17, 2025 

The value of retail purchases, not adjusted for inflation, decreased 0.9% after an upwardly revised 0.7% gain in December, Commerce Department data showed Friday.

Taxes February 16, 2025 

Updated Feb. 16, 2025. Tax season has just begun, but it may be about to get more difficult for taxpayers and tax preparers such as CPAs and accountants. The move could also delay income tax refunds. The IRS started accepting income tax returns on January 27, 2025, which means tax filing season is officially upon...…

Isaac M. O'Bannon

Taxes February 16, 2025 

According to ABC News and the Associated Press, up to 15,000 workers at the Internal Revenue Service could be laid off from their positions in the next week.

Isaac M. O'Bannon

Taxes February 15, 2025 

The CPA Practice Advisor Weekly Tax News Roundup is a weekly recap of tax-related news from the past week. From IRS news and tax court cases, to state, SALT, legislation and other related areas, the roundup can help you catch-up on recent changes. === Let us know if you like this new feature using the...…

Isaac M. O'Bannon

Taxes February 14, 2025 

Data released on Feb. 14 by the IRS shows the average refund is coming in at $2.065, up from $1,741 in 2024.

AICPA February 14, 2025 

As taxpayers navigate the challenges of tax season, the American Institute of CPAs (AICPA) is identifying areas individual filers to be aware of for this filing season.

Isaac M. O'Bannon