Taxes December 9, 2025
Chicago Mayor Tweaks Head Tax Plan to Target Bigger Companies
Mayor Brandon Johnson proposed a new version of his head tax Tuesday, now pushing a $33-per-employee monthly tax on companies with over 500 Chicago employees.
Taxes September 30, 2025
Marked by Success and Controversy, EV Tax Credit Ends After a 17-Year Run
The $7,500 federal incentive, which had two main iterations over an almost 17-year run, expires after the calendar flips past Tuesday as a result of legislation enacted this year.
Taxes September 29, 2025
AICPA Expresses Concern, Urges Immediate IRS Announcement of Contingency Plan in Preparation for Government Shutdown
The American Institute of CPAs (AICPA) has sent an urgent letter to Treasury Secretary and Acting IRS Commissioner Scott Bessent, urging the Internal Revenue Service (IRS) to announce its contingency plan in preparation of a government shutdown on October 1, 2025.
Technology September 26, 2025
Sales Tax and Scalability: Why Your ERP Isn’t Enough
Here's where ERP tax compliance tools fall short, and why scalable tax compliance requires a purpose-built tax automation platform.
Taxes September 26, 2025
Pennsylvania Supreme Court Rules Pittsburgh’s ‘Jock Tax’ is Unconstitutional
The state's highest court on Sept. 25 ruled that Pittsburgh's "jock tax"—a 3% charge on the income of out-of-state athletes and performers who use the city's three major sports venues—is unconstitutional.
Taxes September 25, 2025
Red States Pushed Refundable Child Tax Credits This Year, But Those Plans Fizzled Out
Republican proposals in Indiana and Ohio did not advance this year. Had either measure passed, it would have been the first refundable child tax credit approved in a conservative state.
Taxes September 24, 2025
U.S. Cuts Tariffs on EU Cars to 15 Percent
The U.S. lowered tariffs on auto imports from the European Union to 15% retroactive to Aug. 1, 2025, cementing terms of the framework trade agreement the two sides struck almost two months ago.
Special Section: Guide to 2025 Tax Changes September 24, 2025
Keys to the New Auto Loan Interest Tax Deduction Under the New Tax Law – OBBBA Tax Law Changes
The One Big Beautiful Bill Act (OBBBA) authorizes a new tax deduction for auto loan interest, beginning in 2025 and ending after 2028.
Technology September 24, 2025
Drake Software Introduces Drake Tax Online
Designed for both new preparers looking for guided flows and cloud convenience, Drake Tax Online makes it easy for practitioners to prepare both individual and business returns from anywhere.
Sales Tax September 24, 2025
Sales Tax Rates and Rules Changes Skyrocket Across States in 2025, Says Vertex Report
In the first half of 2025, states made 408 sales tax rate changes and new rates – a 24% increase compared to the first half of 2024.
Taxes September 23, 2025
IRS Keeps ‘High-Low’ Per Diem Rates for Business Travel Unchanged
Starting Oct. 1, the per diem rates used to calculate tax deductions for business travel expenses will be $319 to high-cost locations and $225 to low-cost areas, which are the same amounts as the previous year.
Taxes September 23, 2025
IRS to Phase Out Paper Refund Checks for Taxpayers Beginning Sept. 30
The IRS will begin phasing out paper tax refund checks for taxpayers starting Sept. 30, marking a major shift toward electronic payments, the agency said Tuesday.
Taxes September 23, 2025
Creating Unexpected Value for Estates and Trusts Through Accelerated Depreciation
While many accounting professionals are familiar with the benefits of a cost segregation study for investment assets acquired during life, fewer recognize the value this tool brings in the context of estate or trust administration.