Taxes June 18, 2025
AICPA Applauds Senate Efforts to “Improve and Correct” House Version of Tax Bill
Following the release of the reconciliation bill by the Senate, the AICPA has identified several provisions it supports.
Small Business June 11, 2025
Trump Tariffs Can Remain in Effect, U.S. Appeals Court Says
The order Tuesday by the U.S. Court of Appeals for the Federal Circuit extends an earlier, short-term reprieve for the Trump administration as it presses a challenge to a lower court ruling last month that blocked the tariffs.
Technology June 10, 2025
SHOPLINE Partners With Avalara to Help Merchants Simplify Sales Tax Compliance
E-commerce software-as-a-service provider SHOPLINE announced June 10 a new integration with Avalara to help merchants selling in the U.S. simplify sales tax calculation and filing.
Taxes June 10, 2025
Don’t Pass Up Form 8300 Filing Requirements
A company that sells automobiles through an auction house claimed a software glitch outside of its control led to the non-filing of Form 8300. Did the Tax Court give the company a pass?
Taxes June 10, 2025
IRS Extends Tax Deadlines for Victims of Oklahoma Wildfires
Those impacted by the wildfires that destroyed at least 530 homes and businesses in parts of Oklahoma last March will now have until Nov. 3, 2025, to file various federal individual and business tax returns and make tax payments.
Small Business June 10, 2025
U.S. Asks Appeals Court to Let Trump Tariffs Remain for Longer
A federal appeals court is closer to ruling on whether to keep most of President Donald Trump’s global tariffs in place longer while the legal battle over them continues.
Taxes June 9, 2025
Facing Criticism of the ‘One Big, Beautiful Bill,’ Republicans Lean on Benefits of Tax Breaks
The 1,037-page bill is chock full of increased spending for border security and the military, but the biggest ticket items are sweeping tax cuts that Republicans say will boost the economy.
Technology June 9, 2025
Instead Launches AI-Driven Tax Reports
The tax management platform announced on June 9 the launch of its artificial intelligence-driven tax reports, designed to enhance how business owners and individuals make tax decisions and maximize tax savings.
Taxes June 6, 2025
Trump’s ‘Big, Beautiful Bill’ is Floundering in the Senate as Musk Attacks Intensify
The current feud between President Donald Trump and Elon Musk is increasing pressure on the White House over its signature legislation known as the “One Big Beautiful Bill Act”—a bill under intense scrutiny in the Senate.
State and Local Taxes June 6, 2025
Fight Over a SALT Cap Deal Hits a Snag in the Senate
Senate Majority Leader John Thune (R-SD) has suggested the upper chamber will have to make some changes to the massive tax breaks and spending package passed by the House—including to the SALT cap.
Taxes June 5, 2025
Trump Says Musk’s Tax Bill Criticism is Over EV Mandate Cut
The president hit back at the Tesla CEO over his criticism of Republicans' massive budget proposal, suggesting the tech mogul is primarily upset over provisions that slash government support for electric vehicles.
Taxes June 5, 2025
The Tax Blotter – June 2025
The IRS just released its annual “Data Book” providing vital information about the agency’s activities for its 2024 fiscal year (FY2024) spanning October 1, 2023, through September 30, 2024 .
Taxes June 4, 2025
Elon Musk Pressures Congress to ‘Kill’ Trump’s ‘Big, Beautiful Bill’
The former presidential advisor stepped up his fight against the One Big Beautiful Bill Act on June 4, calling on Americans to pressure their representatives in Washington to “kill” the legislation.