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 March 18, 2025
2025 Tax Changes Could Upend Clients’ Financial Goals, CFPs Warn
With key Tax Cuts and Jobs Act provisions set to expire at the end of this year, most Certified Financial Planner professionals say clients' retirement and financial plans could be at risk, according to new research by the CFP Board.
Tax Planning March 18, 2025
The Death of a CPA: What Happens to the Firm? Time to Make a Plan
You will die one day. What if it happens before you retire? CPAs should have a formal succession plan that addresses how the sale or termination of the practice (retirement, incapacity, or death) will be handled.
Taxes March 18, 2025
Illinois Doctor Pleads Guilty to Evading Approximately $1.6M in Taxes
An Illinois doctor has pleaded guilty to tax evasion for hiding assets and lying to the IRS about his ability to pay approximately $1.6 million in taxes, penalties, and interest.
Taxes March 18, 2025
AICPA Tells Senate Its 2025 Tax Priorities
The tax priorities letter focuses on a select number of provisions that the AICPA is immediately focused on due to their possible consideration as part of the upcoming 2025 tax legislative process.
Taxes March 17, 2025
Confusion and Stress Drive Americans’ Desire for Tax Reform, Survey Finds
A new poll from marketing research firm Savanta reveals that a strong majority of Americans want tax reform, with 70% saying they prefer a simpler tax code instead of the current overcomplicated and stressful U.S. tax system.
Taxes March 17, 2025
IRS Has Issued $145 Billion in Refunds Thus Far This Tax Season
In total, the agency has sent out more than 43.6 million refunds to taxpayers, up 1.5% compared to March 8, 2024. The average refund amount sits at $3,324—5.7% higher than last year.
Taxes March 17, 2025
Examining the Impacts of President Trump’s ‘Unleashing American Energy’ Executive Order on Clean Energy Tax Credits
Since the “Unleashing American Energy” and “Regulatory Freeze Pending Review" executive orders were issued, there has been much speculation on how they will impact green energy funding and incentives—especially via tax credits—in the Inflation Reduction Act.
Taxes March 17, 2025
IRS Provides Tax Filing Extensions to West Virginians Impacted by Severe Storms
The IRS has extended the filing deadline to Nov. 3, 2025, for individuals and businesses in six West Virginia counties that were affected by severe storms, flooding, landslides, and mudslides that began on Feb. 15.
Taxes March 15, 2025
Trump Signs Short Term Spending Bill to Avoid Government Shutdown
President Donald Trump signed a stopgap funding bill that will keep the government open for the remainder of the fiscal year, paving the way for Republican lawmakers to pivot to signature border and tax bills they seek to pass in the coming months.
Taxes March 14, 2025
Trump Mulls Eliminating Income Taxes for People Who Earn Less Than $150,000
In a Tuesday night CBS interview with U.S. Commerce Secretary Howard Lutnick, the federal official stated President Trump hopes to eliminate income taxes for people who earn less than $150,000 a year.
Taxes March 14, 2025
Oz Reportedly Underpaid Social Security and Medicare Taxes in 2022 and 2023
President Trump's pick to lead the Centers for Medicare and Medicaid Services, Dr. Mehmet Oz, is set to have his confirmation hearing before senators on Friday, a day after reports surfaced that he may have “significantly” underpaid Social Security and Medicare taxes in recent years.
Taxes March 14, 2025
Staying In Step with Irrevocable Life Insurance Trusts
Wealthy individuals often set up an irrevocable life insurance trust (ILIT) to avoid federal estate tax on large insurance policies. But a small misstep could lead to a tax disaster.