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Article

IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027

Taxes November 5, 2026 

IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027

The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.

Jason Bramwell

Featured Articles

November 6, 2026  

PCAOB Strips 97 Audit Firms of Registration

November 6, 2026  

Trump, Congress Set to Clash Over Economic Costs of Tariffs

November 6, 2026  

U.S. Adds 165,000 Jobs, Topping All Forecasts in Broad Advance

November 6, 2026  

TaxDome Unveils Client MCP for Accounting Firms

November 6, 2026  

94% of Men Feel Pressure to Financially Support Themselves and Their Dependents
payrolltax1

Payroll Taxes June 23, 2026 

Mid-Year Payroll Tax Account Checkup

Failing to maintain current payroll tax accounts can create significant compliance issues for business owners.

Nellie Akalp

Former Fugitive Ohio Pharmacist Pleads Guilty to Defrauding IRS

Taxes June 23, 2026 

Former Fugitive Ohio Pharmacist Pleads Guilty to Defrauding IRS

In February, Sbeih Sbeih, 57, was arrested in the eastern European country of Georgia after he was a fugitive for 11 years.

Pending Home Sales Increased 3.8 Percent in May

Small Business June 22, 2026 

Pending Home Sales Increased 3.8 Percent in May

Month-over-month and year-over-year pending home sales rose in the Northeast, Midwest, South and West.

Where Driving an Electric Car Saves the Most Money

Payroll June 22, 2026 

Where Driving an Electric Car Saves the Most Money

EV market share is highest in places where gas is dear and power is cheap.

Illinois CPA Society Honors Scott D. Steffens With Lifetime Achievement Award

State CPA Societies June 22, 2026 

Illinois CPA Society Honors Scott D. Steffens With Lifetime Achievement Award

This award is the highest honor bestowed on an ICPAS member who has demonstrated distinguished service.

Isaac M. O'Bannon

Comedian Carlos Mencia Arrested for Tax Evasion, $8.7M in Unreported Income

Taxes June 22, 2026 

Comedian Carlos Mencia Arrested for Tax Evasion, $8.7M in Unreported Income

Mencia was arrested at his Los Angeles home on Thursday around 7 a.m. and held on $250,000 bail. If convicted, he faces more than 11 years in prison, and he would likely have to pay the tax bills and the interest.

Sovereign Wealth Fund Tax on AI Companies Unveiled by Sanders

Taxes June 22, 2026 

Sovereign Wealth Fund Tax on AI Companies Unveiled by Sanders

Newly released text offers details on legislation from progressive Sen. Bernie Sanders, I-Vt., for the federal government to take a 50% share in leading artificial intelligence companies.

Trump’s New U.S. Tariff Wall Shakes Up Winners, Losers Lineup

Taxes June 22, 2026 

Trump’s New U.S. Tariff Wall Shakes Up Winners, Losers Lineup

The Trump administration wants the rebuilt wall of import taxes to mirror those the president put on every major trading partner at the beginning of his second term.

 DOJ Rejects Judge Request to Certify $1.8 Billion ‘Weaponization’ Fund Nixed

IRS June 22, 2026 

DOJ Rejects Judge Request to Certify $1.8 Billion ‘Weaponization’ Fund Nixed

The fund was part of a settlement to resolve President Donald Trump's $10 billion lawsuit seeking to hold the Internal Revenue Service liable for a leak of his tax information.

 New University of Arizona ‘Accounting Trick’ Sparks Mixed Reactions

Accounting June 22, 2026 

New University of Arizona ‘Accounting Trick’ Sparks Mixed Reactions

The University of Arizona’s plan to take legal ownership of about $70 million in endowment earnings has sparked questions from donors and finance experts about transparency and accounting practices.

NFIB Survey: Small Businesses Report Reduced Optimism

Small Business June 22, 2026 

NFIB Survey: Small Businesses Report Reduced Optimism

The National Federation of Independent Business Small Business Optimism Index fell 0.6 points in May to 95.3, remaining below its 52-year average of 98.

How Falling Behind on AI Implementation Could Cost Firms Clients and Talent

Risk Management June 22, 2026 

How Falling Behind on AI Implementation Could Cost Firms Clients and Talent

Firms are at risk of losing 24% of talent within two years if their firms fail to deliver on AI.

Isaac M. O'Bannon

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