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.
State and Local Taxes July 28, 2025
One Tax Change in Trump’s ‘Big Beautiful Bill’ That Even Illinois Gov. JB Pritzker Supports
The budget reconciliation plan Republicans pushed through Congress this summer includes a tax change that Democrats as well as some Republicans in high-tax blue states have backed for years.
Taxes July 28, 2025
In Las Vegas, House Republicans Take Victory Lap on ‘No Tax on Tips’ Policy
"No tax on tips" took center stage on July 25 during a visit from the House Ways and Means Committee to Las Vegas to promote President Donald Trump's One Big Beautiful Bill Act.
Taxes July 28, 2025
4 Rich Colleges Dodged a Big Trump Tax—and May Have an Unlikely Ally to Thank
Four small wealthy and elite private colleges in Massachusetts may have a conservative college in the Midwest in part to thank for escaping a hike in an endowment tax under President Donald Trump’s tax law.
Taxes July 28, 2025
Trump Says Surprise Rebate Checks Could be Coming Thanks to Tariff Revenue
President Donald Trump on July 25 said that he’s considering issuing rebate checks to Americans that would be paid out of the revenue generated by increased tariffs on other countries
Taxes July 25, 2025
Advanced Section 1202 (QSBS) Planning for S Corporations
Section 1202 provides for a substantial exclusion of gain from federal income taxes when stockholders sell qualified small business stock (QSBS).
Taxes July 25, 2025
IRS Sets July 29 Deadline to Revalidate Business Tax Account Access
Business Tax Account designated officials must revalidate their accounts by July 29 in order to maintain access, the IRS said on Wednesday.
Small Business July 25, 2025
Some Small Business Owners Sweating Impact Trump Tax Law Will Have on Their Bottom Line
Business owners have shared concerns about cuts to Medicaid and other health care programs, while the U.S. Chamber has praised the new law as pro-growth.
Taxes July 25, 2025
Trump’s Big Bill Boosts Micron’s Tax Break for Chip Plants by About $5 Billion
The bill increases an existing investment tax credit from 25% to 35% for semiconductor manufacturers who build new plants in the United States.
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Taxes July 25, 2025
Bloomberg Tax & Accounting Adds Enhanced AI Assistant Features
This chat-based research tool is designed to streamline and speed up tax and accounting research, making the process more efficient and user-friendly.
State and Local Taxes July 25, 2025
Taking a Look at the New SALT Deduction
Now that the 2025 federal tax bill has been signed into law, it’s appropriate to revisit one of its most news-making elements: the federal deduction for state and local taxes.
Taxes July 24, 2025
IRS Slot Machine Jackpot Threshold is Going Up, Experts Say
The slot reporting threshold is governed by an IRS regulation, so the change will not go into effect until the agency updates its rules.
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