Accounting February 28, 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.
IRS May 2, 2025
Hundreds of IRS Appeals Workers Have Taken Buyout Offer, Reports Say
Over 300 employees who work in the IRS Independent Office of Appeals have taken the Trump administration's deferred resignation program offer with another 100 requests outstanding, the head of the office said this week.
Taxes May 2, 2025
Trump Seeks to Squeeze Drugmakers’ Revenues to Pay for Tax Cuts
President Donald Trump wants the pharmaceutical industry to shoulder part of the cost of his tax cuts, pressing Republicans to force drugmakers to accept lower prices on prescriptions covered by Medicaid.
IRS May 2, 2025
Trump Nominates Donald Korb for Second Go-Around as IRS Chief Counsel
Korb, a partner at law firm Sullivan & Cromwell who served as IRS chief counsel during the George W. Bush administration, would need to be confirmed by the Senate in order to fill the role at the agency.
Payroll May 2, 2025
U.S. Payroll Gain of 177,000 Shows Tariff Uncertainty Yet to Dent Hiring
Nonfarm payrolls increased 177,000 last month after the prior two months’ advances were revised lower, according to Bureau of Labor Statistics data out Friday. The unemployment rate was unchanged at 4.2%.
Firm Management May 2, 2025
Professionals on the Move – May 2025
Professionals on the Move is a round-up of recent announcements regarding hiring, HR and promotions from around the accounting space.
Mergers and Acquisitions May 2, 2025
Rehmann Joins Forces With Martinet Recchia in Ohio
The Troy, MI-based top 40 accounting firm is combining with Martinet Recchia, a family-owned CPA firm in the Cleveland suburb of Willoughby, OH.
Taxes May 2, 2025
Trump Renews Vow to Strip Harvard of its Tax-Exempt Status
While he did not elaborate, President Donald Trump posted to his Truth Social feed early Friday: “We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!”
State and Local Taxes May 2, 2025
SALT Talks Stall as GOP Considers Limiting Tax Break to Middle Class
The $10,000 cap on SALT, one of the most contentious issues in the GOP debate on its giant tax bill, remained unresolved as lawmakers left Washington on Thursday.
IRS May 1, 2025
IRS Raises HSA Contribution Limits for 2026
The IRS on Thursday issued its annual inflation-adjusted amounts for health savings accounts next year, with small increases across the board as inflation cools.
Taxes May 1, 2025
An ‘Enormous’ Amount of Money at Stake if Trump Targets Harvard Tax Exemption
Harvard's conflict with the Trump administration may not just threaten its research funding. The president said that the university “perhaps” should lose the tax exemption it enjoys as an educational institution.
Mergers and Acquisitions May 1, 2025
Eide Bailly Adds Salesforce Consulting Firm Roycon
Fresh off an M&A deal earlier this week with CPA firm Volpe Brown & Co., Eide Bailly said on Thursday that Salesforce consulting business Roycon is now part of the top 20 accounting firm.
Taxes May 1, 2025
New Tax Cuts Mostly Favor the Rich Across States This Year
Most states' tax systems already put a higher tax burden on lower-income households, but that trend only accelerated in this year's legislative sessions, worrying advocates who want to see the rich pay a larger share.