Small Business June 11, 2026
States are Getting Creative as Tax Policy Shifts at Record Speed, Says Avalara Report
Lawmakers are increasingly expanding the sales tax base to encompass new categories of goods and services.
Small Business December 30, 2024
Pending Home Sales Moved Up 2.2% in November, Fourth Straight Month of Increases
The Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings – advanced 2.2% to 79.0 in November.
Small Business December 30, 2024
U.S. Consumer Confidence Pulled Back in December
December’s fall in confidence was led by consumers over 35 years old; consumers under 35 became more confident.
Small Business December 30, 2024
CFPB Sues Walmart and Branch for Illegally Opening Deposit Accounts for More than a Million Spark Delivery Drivers
Drivers had to follow a complex process to access their funds, and when they finally did, they faced further delays or fees if they needed to transfer the money they earned into an account of their choice.
Small Business December 30, 2024
Former President Jimmy Carter Dies at Age 100
The singular achievement of his years in power was his role in negotiating a milestone peace agreement between Egypt and Israel, longtime rivals in the Middle East.
Accounting December 27, 2024
Beneficial Ownership Information Reporting Enforcement on Hold Yet Again After Appeals Court Reinstates Injunction
The roller coaster continues, as the 5th U.S. Circuit Court's decision on Dec. 26 suspends the deadline once again for most reporting companies to file BOI reports with the Financial Crimes Enforcement Network.
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.
Small Business December 26, 2024
November Home Sales Rose 4.8% in Strongest Showing Since 2021
Existing-home sales grew in November, according to the National Association of Realtors. Sales advanced in three major U.S. regions and remained steady in the West. Year-over-year, sales climbed in all four regions.
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 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
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 16, 2024
Understanding Trump’s Push to Lock in the TCJA
Whether the provisions in the Tax Cuts and Jobs Act are extended, modified, or left to expire, the decisions made in the coming years will shape the tax landscape for a generation.