Firm Management October 23, 2026
The Future of Your Tax Practice is Connected. Here’s Your Path Forward
Connect your team, clarify next steps, and cut the chase—so your practice grows. Here’s how.
Taxes August 5, 2025
Republicans Betting Trump Tax Law’s Business Provisions Trigger Boon
Three tax provisions intensely sought by business interests carry a heavy share of hopes by Republicans, like Rep. Kevin Hern of Oklahoma, that their "big, beautiful bill" will trigger one big, beautiful boon in the U.S. economy.
Taxes August 5, 2025
AICPA Seeks Guidance on Small Business Taxpayer Domestic Research Costs, Enacted in H.R. 1
The AICPA notes that the issue raised in the letter requires immediate consideration as many eligible taxpayers have not yet filed their income tax returns for the 2024 income tax filing period.
Taxes August 5, 2025
Workers Cautiously Embrace No Tax on Tips and Overtime
Workers are cautiously optimistic about the tax code changes in the One Big Beautiful Bill Act, which allow some to deduct tips and overtime pay from their income up to certain limits.
Taxes August 4, 2025
Epstein’s Work for Leon Black Should Face IRS Probe, Wyden says
Ron Wyden, the Senate Finance Committee’s top Democrat, questioned why the IRS had not audited at least $158 million in payments that private equity titan Leon Black made to Jeffrey Epstein between 2012 and 2017 for complex tax-related transactions.
Special Section: Guide to 2025 Tax Changes August 1, 2025
Trump Tax Law Builds a New Foundation for Taxation – OBBBA Tax Law Changes
Along with the extensions, the OBBBA makes some other technical tweaks that may benefit some individuals in the lower tax brackets. All brackets will continue to be adjusted annually for inflation.
Taxes August 1, 2025
Trump Sets 10% Minimum Global Tariff, Raises Canada Rate to 35%
Most of the rates will take effect after midnight on Aug. 7 to allow time for U.S. Customs and Border Protection to make necessary changes to collect the levies.
Taxes August 1, 2025
IRS Commissioner Targets IRS Direct File for Cancellation
An IRS spokesperson confirmed the agency is awaiting the task force’s findings, which must be delivered to Congress within 90 days.
Taxes July 31, 2025
New Federal School Voucher Program Poses a Quandary for States: Opt In or Opt Out?
A tax credit in Trump’s signature law leaves states to sort out rules, funding, and oversight.
Taxes July 30, 2025
Florida Woman Sentenced for Conspiring with Family to Hide $90M from the IRS
According to court documents: between 2010 and 2022, Gilda Rosenberg, of Golden Beach, conspired with two family members to conceal from the IRS more than $90 million in assets and income.
Small Business July 30, 2025
A Section 1202 Walkthrough: The Qualified Small Business Stock Gain Exclusion
A further benefit of owning QSBS is that a taxpayer who sellers QSBS can make a Section 1045 election to roll proceeds tax-free into other QSBS investments.
Taxes July 30, 2025
One Big Beautiful Bill Act Changes 1099 Thresholds
The One Big Beautiful Bill Act raises the 1099-MISC and 1099-NEC reporting thresholds to $2,000.
Taxes July 29, 2025
Bipartisan Senate Bill Would Expand Tax Credits for Businesses Hiring Student Veterans
The legislation would incentivize businesses to hire student veterans through an expansion of the Work Opportunity Tax Credit.