Accounting February 28, 2026
Voting Opens for 2026 Readers’ Choice Awards!
Voting in the 2026 Readers’ Choice Awards is now open. Readers can vote for the programs, hardware, services, and other technologies they use and trust.
Special Section: Guide to 2025 Tax Changes October 22, 2025
New Tax Law Revives Favorable R&E Deductions – OBBBA Tax Law Changes
The OBBBA restores this tax break for businesses, retroactive to the beginning of 2025. It also adds certain enhancements and transitional rules that may benefit clients.
Taxes October 21, 2025
IRS Provides Relief to Lenders for 2025 on Car Loan Interest Reporting Under OBBBA
The IRS issued transitional guidance on Oct. 21 that provides penalty relief to certain lenders on the new information reporting requirements for car loan interest received in 2025 under the new Trump tax law.
Taxes October 21, 2025
Illinois Gov. JB Pritzker Says He Opposes Head Tax in Chicago
Pritzker has come out in opposition to the reinstated $21-per-employee “head tax” on larger businesses that Chicago Mayor Brandon Johnson has proposed to raise an estimated $100 million to help balance the city's budget.
Taxes October 21, 2025
AICPA Seeks Safe Harbor for Reporting Tips and Overtime
The One Big Beautiful Bill Act created Internal Revenue Code sections 224 and 225, which temporarily allow a deduction for taxpayers for qualified tips and qualified overtime compensation.
Taxes October 21, 2025
New ‘Jumanji’ Movie Among 52 Films Awarded California Film Tax Credits
The 52 film projects are the first movies to receive tax credits since the state bolstered its production incentive program this summer.
Taxes October 21, 2025
Supreme Court is Told Trump Tariffs Are Illegal $3 Trillion Tax
Small businesses challenging many of President Donald Trump’s global tariffs urged the U.S. Supreme Court to affirm lower court rulings that the import levies amount to a massive illegal tax on American companies.
Taxes October 20, 2025
Koch, Anti-Tax Groups Harden GOP’s Tough Shutdown Stance
Influential conservative groups with deep pockets are pushing Republicans to demand steep concessions from Democrats in exchange for extending health care subsidies, a move that risks prolonging a U.S. government shutdown now in its 20th day.
Taxes October 17, 2025
JB Pritzker and His Wife Report $10.3 Million in Taxable Income, $1.4 Million in Gambling Winnings
The Democratic Illinois governor offered a simple explanation on Oct. 16 for how he took home more than $1.4 million in gambling winnings last year: "I like to play cards."
Taxes October 17, 2025
Chicago Mayor Pitches Head Tax Revival in 2026 Budget He Says Targets the ‘Ultra-Rich’
After a bold corporate payroll tax hit legal snags, Brandon Johnson pitched his $21-per-employee tax on corporations as the next frontier in his largely-stalled economic agenda.
Technology October 30, 2025 Sponsored
Archived Webcast: DIGITAL MEETS PERSONAL: Why Your Firm Still Needs to Pair People with Tax Automation
Clients want a digital tax experience that’s fast and easy. But they want it with a human element. How can your firm thread that needle? By integrating solutions that automate and simplify the most time-consuming and dreaded parts of the tax process—intake, signatures, deadline reminders, etc.—while also promoting clear and easy communication with features like…
Income Tax October 16, 2025
Income Taxes and Puerto Rico – Feds Increase Scrutiny of Residency: 2025 Update
Recent cases show that federal prosecutors have subpoenaed client files from a major law firm, signaling that investigators are reviewing taxpayers’ actions and also the advice and documentation prepared by advisers.
Taxes October 16, 2025 Sponsored
How to Implement AI in Your Tax and Accounting Firm
By making workflows efficient and eliminating repetitive, time-consuming tasks, AI allows firms to be future-ready.