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.
Taxes October 17, 2025
JB Pritzker and His Wife Report $10.3 Million in Taxable Income, $1.4 Million in Gambling Winnings
The Democratic Illinois governor offered a simple explanation on Oct. 16 for how he took home more than $1.4 million in gambling winnings last year: "I like to play cards."
Taxes October 17, 2025
Chicago Mayor Pitches Head Tax Revival in 2026 Budget He Says Targets the ‘Ultra-Rich’
After a bold corporate payroll tax hit legal snags, Brandon Johnson pitched his $21-per-employee tax on corporations as the next frontier in his largely-stalled economic agenda.
Payroll October 16, 2025
Chamber of Commerce Sues Over Trump’s $100,000 H-1B Visa Fee
The Chamber said in a lawsuit that it was illegal for President Donald Trump to slap a $100,000 fee on new H-1B visa applications.
Technology October 16, 2025
AI Adoption in Audit is On the Rise
A new report from audit, risk, and compliance software provider AuditBoard reveals that artificial intelligence adoption in audit functions is growing, up from 8% to 21% in just one year.
Technology October 16, 2025
Accountants Who Collaborate with AI See Real Benefits—Both Personally and Professionally, Study Finds
A new survey from FloQast shows accountants who actively collaborate with artificial intelligence experience less burnout, better sleep, and greater professional satisfaction.
Economy October 16, 2025
Holiday Spending Predicted at $890 Per Person for 2025 Season
Consumers plan to spend $890.49 per person on average this year on holiday gifts, food, decorations and other seasonal items, according to the National Retail Federation’s annual consumer survey.
Technology October 16, 2025
Why Now’s the Time to Review Your WISP
An updated and tested Written Information Security Plan is no longer just a compliance checkbox; it is a core element of effective risk management and business resilience.
Payroll October 16, 2025
Social Security Delays 2026 COLA Reveal Until Oct. 24
The announcement for the 2026 adjustment, which usually coincides with the Bureau of Labor Statistics' Consumer Price Index Report in mid-October, is delayed in part due to the government shutdown.
Firm Management October 16, 2025
Canopy Launches AI-Powered Client Intake System
The system predicts which documents and answers are needed, pre-fills known information, and automatically matches and renames uploaded files.
Income Tax October 16, 2025
Income Taxes and Puerto Rico – Feds Increase Scrutiny of Residency: 2025 Update
Recent cases show that federal prosecutors have subpoenaed client files from a major law firm, signaling that investigators are reviewing taxpayers’ actions and also the advice and documentation prepared by advisers.
Taxes October 16, 2025 Sponsored
How to Implement AI in Your Tax and Accounting Firm
By making workflows efficient and eliminating repetitive, time-consuming tasks, AI allows firms to be future-ready.
Technology October 15, 2025
Wolters Kluwer Unveils Expert AI for CCH Axcess
Wolters Kluwer Tax & Accounting said Oct. 15 that it has launched Expert AI, an enhancement to its cloud-native platform, CCH Axcess, which brings advanced intelligence into the flow of work, unifying tax, audit, and firm management with a digital core.