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.
Small Business December 27, 2024
The Top Tax & Accounting News Stories of 2024
2024 saw major news events and ongoing trends that are significantly shaping the profession, including how professionals practice, how firms operate, and your business and individual clients.
Taxes December 26, 2024
Top Year-End Tax Planning Strategies
With a thorough understanding of their unique circumstances and the latest tax regulations, you can transform complex tax challenges into clear, actionable solutions—setting the stage for your clients’ financial success in 2025 and beyond.
Taxes December 26, 2024
7 Tips to Prepare for Next Year’s Taxes Now
As the end of the year approaches, now’s the time to start preparing for filing your 2024 tax return in 2025. Here are tips and strategies to prepare now for the 2025 tax-filing deadline.
Accounting December 24, 2024
BOI Reporting Injunction Lifted; FinCEN Extends Deadline to Jan. 13
FinCEN has extended the Jan. 1, 2025, deadline for most reporting companies to file beneficial ownership information reports with the Treasury Department until Jan. 13, 2025, after a federal court of appeals lifted an injunction on Dec. 23 that had halted the new law.
Taxes December 23, 2024
IRS Asks for Feedback on Draft Instructions for R&D Tax Credit Form 6765
The IRS on Dec. 20 released the draft Instructions for Form 6765, Credit for Increasing Research Activities, and is seeking feedback on proposed changes to the form, which is used by taxpayers to claim the research and development tax credit.
Taxes December 23, 2024
Tax Professionals Subject to New Requirements Proposed By the IRS
CPAs, enrolled agents, and other practitioners would have to maintain technological competency under proposed regulations issued by the Treasury Department and the IRS on Dec. 20, which would update Circular 230.
Taxes December 22, 2024
IRS to Issue Special Payments to 1 Million Taxpayers
The Internal Revenue Service has announced plans to issue automatic payments later this month to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns.
Accounting December 21, 2024
Congress Avoids Government Shutdown: Bill Includes Farm Aid, Disaster Funds
The Senate cleared a stopgap funding extension early Saturday shortly after a midnight deadline, staving off a partial government shutdown and ending days of gridlock over a package whose contents seemed to change by the hour.
Taxes December 19, 2024
IRS Raises Standard Mileage Rate to 70 Cents Per Mile in 2025
The optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.
Taxes December 18, 2024
California Securities Attorney Charged with Tax Crimes
A grand jury in San Diego has returned an indictment unsealed charging a California attorney with tax evasion, filing a false tax return and failing to file tax returns with the IRS.
Taxes December 18, 2024
Why Few Tipped Restaurant Workers Will Likely Benefit From Trump’s Promise of No Tax on Tips
While many workers hoped for tax-free tips, experts warn the proposal could disproportionately benefit higher earners and exacerbate inequalities in the service industry.
Taxes December 17, 2024
5 IRA and 401(k) Changes to Know for 2025
Savvy savers should plan ahead to help save more and avoid penalties and tricky tax situations. Here are five changes coming to IRAs and 401(k)s in 2025.