Taxes September 11, 2026
Bloomberg Tax & Accounting Projects 2027 Tax Rates
The annual Projected U.S. Tax Rates Report enables tax professionals and taxpayers to begin planning for the upcoming year ahead of the official IRS announcement this fall.
Taxes June 18, 2026
Court Strikes Down Ballot Initiative to Lower Massachusetts Income Tax
The Massachusetts Supreme Judicial Court stated that a summary of the proposal authored by Attorney General Andrea Campbell and used to collect required signatures was misleading and must be disqualified from appearing on the ballot.
Taxes June 18, 2026
Confusing CP53E Notices from IRS Results in AICPA Requesting Adjustments and Offering Recommendations on Their Use
Many taxpayers were confused by the IRS notices, which some received simply for requesting overpayments be applied to next year's taxes.
Taxes June 18, 2026
Controversial California Billionaire Tax Proposal Declared Eligible for the November Ballot
A proposal to tax California billionaires to fund healthcare has tentatively qualified for the November ballot, setting the stage for a more intense and expensive battle over whether the state should squeeze the ultra-rich.
Taxes June 18, 2026
California Legislature Keeps ‘Hand Grenade’ Corporate Tax Proposal Alive for Next Governor
If accepted by Gov. Gavin Newsom, the state Department of Finance will be required to draft plans for lawmakers to tax corporations whose employees depend on Medi-Cal for health insurance coverage.
Benefits June 18, 2026
A Simple Change Could Reshape Social Security’s Future, O’Malley Says
Former Social Security Commissioner Martin O'Malley says raising the cap on income subject to Social Security payroll taxes could help address the system’s looming financial challenges.
Taxes June 17, 2026
Treasury Department Says Expect Guidance Soon on New Scholarship Tax Credit
The Treasury Department last week previewed guidance expected to be released this fall on the new federal scholarship tax credit enacted as part of the One Big Beautiful Bill Act.
Financial Reporting June 17, 2026
FTC Safeguards Rule and Client Tax Data: What Your Hosting Environment Actually Needs to Comply
The rule defines "financial institution" broadly enough to capture tax preparation firms and financial advisors directly, not just banks and lenders.
Taxes June 17, 2026
Pritzker OKs $56 Billion Illinois Budget with New Taxes on Social Media, Crypto, Digital Ads
Illinois Gov. JB Pritzker on Tuesday gave his approval to a nearly $56 billion spending plan that factored in both a windfall from the state’s gas sales tax and a number of election-year tax breaks.
Taxes June 17, 2026
California Assembly Democrats Want to Tax Software, Health Plans in Revenue-Raising Package
The California Assembly easily passed bills to increase taxes on software programs and health insurance premiums and extended a cap on corporate tax credits Monday.
Taxes June 17, 2026
Michigan Treasury Officials Grilled About Tax Error Affecting 27,000 Filers
The department's tax system automatically sent roughly 27,000 incorrect Notice of Adjustment letters in April that alleged filers owed taxes they already paid or had to repay refunds they received.
Taxes June 17, 2026
Here’s Why DeSantis’ Property Tax Plan Could Be Unconstitutional
The Florida Supreme Court has already shot down a five-year residency requirement for property tax benefits.
Sales Tax June 16, 2026
Yetter Consulting Services Named to Inc.’s 2026 Best Workplaces List
The recognition arrives as Yetter Consulting enters its 30th year of serving tax, accounting, finance, and operations professionals.