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 23, 2025
New Tax Law Brings Major Changes to Tax Rules for Tips – OBBBA Tax Law Changes
The new tax law—the One Big Beautiful Bill Act—creates a limited tax deduction for tips received by workers, starting in 2025. However, this new tax break is only temporary.
Taxes September 23, 2025
Michigan Nursing Home Sues IRS, Claiming It’s Owed a $4.9M Employee Retention Credit
Thornapple Manor has filed suit against the IRS, alleging that it hasn’t received $4.9 million in refunds that it was eligible for under a pandemic-era tax credit.
Taxes September 23, 2025
IRS Provides Tax Relief to Livestock Farmers and Ranchers Impacted by Drought
The IRS issued guidance on Sept. 22 that provides tax relief for farmers and ranchers in every state except for Alaska who sold or exchanged livestock because of "exceptional, extreme, or severe" drought conditions.
Technology September 23, 2025
TaxPlanIQ Inks Partnerships with Liberty Tax, Elite Resource Team
TaxPlanIQ announced Sept. 23 partnerships with Liberty Tax and Elite Resource Team, putting tax planning tools in the hands of tax preparers and wealth managers around the country.
Taxes September 23, 2025
New House Bill Would Expand No Tax on Overtime to All Union Workers
Rep. Nicole Malliotakis (R-NY) announced Sept. 19 that she has introduced bipartisan legislation to ensure that all union workers benefit from the “no tax on overtime” provision that was included in President Donald Trump’s One Big Beautiful Bill Act.
Taxes September 23, 2025
Paperwork Pitfalls Put Some EV Owners’ $7,500 Tax Credit in Limbo
The IRS has issued instructions for dealerships to file paperwork that’s required so electric vehicle buyers don’t miss out on the tax credit, which expires Sept. 30.
Taxes September 23, 2025
California Passes Tax Relief for Cannabis Growers
Gov. Gavin Newsom on Monday signed AB 564 into law, a bill that reverses a 25% increase in the cannabis excise tax and freezes that tax at 15% until 2028.
Taxes September 22, 2025
Accordance Raises $13M for AI Platform for Tax and Accounting Practices
Accordance is a proprietary tax and accounting AI expert with comprehensive knowledge of global regulations, decades of synthesized professional experience, and the ability to navigate the most complex scenarios.
Taxes September 22, 2025
Milwaukee Residents Receive Tax Relief From IRS After Flash Floods
Residents and business owners in three Wisconsin counties—Milwaukee, Washington, and Waukesha—now have until Feb. 2, 2026, to file various federal tax returns and make tax payments after flash floods swept through southeast Wisconsin in August.
Small Business September 22, 2025
Sales Tax Update – October 2025
Numerous state sales tax updates take effect October 1, 2025. Read on to learn about new rates, exemptions, and rules that may impact your sales tax compliance in October 2025.
Taxes September 22, 2025
What Happens if There’s a Federal Government Shutdown?
Congress is staring down a Sept. 30 deadline to extend federal funding and avoid a government shutdown after competing proposals from Republicans and Democrats were blocked Friday in the Senate.
Taxes September 19, 2025
Partisan Stopgap Funding Bills Fall Short in Senate
The Senate shot down dueling versions of a short-term funding patch on Sept. 19 before leaving town for a weeklong recess without a plan in place to avoid a partial government shutdown next month.