Taxes

Small Business April 28, 2025 

Since the U.S. raised levies on China to 145% in early April, cargo shipments have plummeted, perhaps by as much as 60%, according to one estimate. That drastic reduction in goods hasn’t been felt by many Americans yet, but that’s about to change.

IRS April 25, 2025 

An unknown number of employees who work in those two offices within the IRS received notice Friday afternoon that they are being laid off as part of the agency's reduction to its workforce.

Jason Bramwell

Taxes April 25, 2025 

President Donald Trump has said he's open to the idea of raising taxes, particularly on America's top earners; however, a recent poll shows voters are concerned about the prospect of tax hikes and would like to see Trump's 2017 tax cuts kept in place.

Taxes April 24, 2025 

Accountants can play a crucial role in helping their clients take full advantage of the Inflation Reduction Act's clean energy tax credits through strategic planning.

Taxes April 24, 2025 

The president said imposing a higher tax rate on millionaires would spur the country’s richest to leave the U.S., downplaying an idea that is under discussion in some Republican circles as a way to pay for an economic package.

Taxes April 24, 2025 

A dozen states filed a federal lawsuit on April 23 challenging the Trump administration’s imposition of sweeping tariffs, arguing the president trampled on Congress’ powers to raise taxes.

Taxes April 24, 2025 

There were more than 300 new lobbying registrations—disclosures firms file when they acquire new clients—citing tax policy issues, up more than 200% compared to the first quarter last year and more than 260% compared to the previous quarter.

Taxes April 23, 2025 

Lawrence Summers said that the Trump administration’s moves to downsize the IRS, along with other changes, are likely to incentivize reduced tax-payment compliance.

Taxes April 22, 2025 

A Republican proposal to tax income over $1 million at a 40% rate could generate around $400 billion over a decade, according to estimates from the Budget Lab at Yale and the Tax Foundation.

Taxes April 22, 2025 

Sacramento Assemblywoman Stephanie Nguyen, D-Elk Grove, highlighted a new bill this week that would give a tax credit to business owners who say they have to spend money cleaning up after people who camp out on or near their properties.

Taxes April 22, 2025 

By checking tax withholding, individuals can prevent having to owe additional money and any potential penalties at tax time.

Taxes April 21, 2025 

After the feds froze more than $2 billion in grants to the Cambridge campus and threatened its tax-exempt status, Harvard University has filed a lawsuit against the Trump administration in Massachusetts federal court.