Accounting February 19, 2026
Voting Opens for 2026 Readers’ Choice Awards!
Voting in the 2026 Readers’ Choice Awards is now open. Readers can vote for the programs, hardware, services, and other technologies they use and trust.
Sales Tax August 7, 2025
Sales Tax Risk: What Every CFO Should Know Before It Hits Your Bottom Line
Sales tax risk is a silent disruptor. For finance leaders, it’s about time lost, strategic momentum drained, and avoidable exposure creeping in. But it doesn’t have to be.
Taxes August 5, 2025
Ted Cruz Pushes to Save Poker Pros From Surprise Tax Hit in Trump’s One Big Beautiful Bill Act
The Republican Texas senator has joined with Nevada Democrats on legislation to restore the full deductibility of losses, saying it’s a matter of basic fairness for professional players who depend on their winnings to pay their bills.
Taxes August 5, 2025
States Scramble to Complete Renewable Energy Projects Before Tax Credits Expire
Politicians and state leaders say they're focused on fast-tracking permitting decisions and working with regulators to ensure projects can connect to the grid before the tax credits phase out.
Taxes August 5, 2025
If You’re a Fan of Sports Betting or Casino Gambling, You Won’t Be a Fan of a New Trump Tax Law Provision
Taxpayers shouldn’t bet the house that this recent tax change will be reversed and should instead prepare for their betting income to receive a different tax treatment starting next year.
Taxes August 5, 2025
Sen. Josh Hawley Wants $600 Tax Credits for Most Americans But Will Likely Run Into GOP Pushback
The Missouri Republican proposes refundable tax credits of at least $600 per adult and dependent child. The credits would phase out for incomes exceeding $75,000 for singles and $150,000 for joint filers.
Taxes August 5, 2025
Kiddie Tax 101: What Is It, How Does It Work, and Who Has to Pay It?
The kiddie tax was established almost 40 years ago to prevent parents from avoiding taxes by transferring large gifts of investment assets to their children.
Taxes August 5, 2025
Republicans Betting Trump Tax Law’s Business Provisions Trigger Boon
Three tax provisions intensely sought by business interests carry a heavy share of hopes by Republicans, like Rep. Kevin Hern of Oklahoma, that their "big, beautiful bill" will trigger one big, beautiful boon in the U.S. economy.
Taxes August 5, 2025
AICPA Seeks Guidance on Small Business Taxpayer Domestic Research Costs, Enacted in H.R. 1
The AICPA notes that the issue raised in the letter requires immediate consideration as many eligible taxpayers have not yet filed their income tax returns for the 2024 income tax filing period.
Taxes August 4, 2025
Epstein’s Work for Leon Black Should Face IRS Probe, Wyden says
Ron Wyden, the Senate Finance Committee’s top Democrat, questioned why the IRS had not audited at least $158 million in payments that private equity titan Leon Black made to Jeffrey Epstein between 2012 and 2017 for complex tax-related transactions.
Special Section: Guide to 2025 Tax Changes August 1, 2025
Trump Tax Law Builds a New Foundation for Taxation – OBBBA Tax Law Changes
Along with the extensions, the OBBBA makes some other technical tweaks that may benefit some individuals in the lower tax brackets. All brackets will continue to be adjusted annually for inflation.
Taxes August 1, 2025
IRS Commissioner Targets IRS Direct File for Cancellation
An IRS spokesperson confirmed the agency is awaiting the task force’s findings, which must be delivered to Congress within 90 days.
Accounting July 30, 2025
Indiana Accountant Sentenced to Three Years for Illegal Tax Shelter Scheme
Jason Crace, CPA, was sentenced to three years in prison on July 21 for preparing false tax returns for clients who participated in an illegal tax shelter.