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.
Taxes June 4, 2025
Nuclear Projects Would Have ‘Collapsed’ Without Tax Credits, Fleischmann Says
The House kept some tax credit incentives for new nuclear projects in its tax break and immigration megabill because the industry would die out without them, said U.S. Rep. Chuck Fleischmann (R-TN).
Taxes June 4, 2025
No State Tax is Why the Florida Panthers Are Succeeding? Not Exactly, GM Says
There has been a lot of talk in hockey circles recently how a select group of teams possibly have an upper hand in the NHL because they play in states without an income tax.
Taxes June 4, 2025
IRS Commissioner Nominee Advances to Senate Floor
The Senate Finance Committee voted along party lines on June 3 to approve President Donald Trump’s nomination of former Missouri Rep. Billy Long to lead the IRS over the objections of Democrats.
Taxes June 3, 2025
Senate Faces Delicate Balancing Act on Reconciliation Tax Package
It's not clear yet how extensive the changes to the House's nearly $4 trillion tax package will be, but lawmakers and interest groups see plenty of opportunities for tweaks to suit their needs.
Taxes June 3, 2025
IRS Calls 2025 Tax Season ‘Successful’ Despite Staff Cuts, Revolving Door of Leaders
The IRS completed a "successful 2025 filing season" with 87% of taxpayer phone calls answered by customer service representatives and average wait times of three minutes, the agency said last week, despite workforce reductions and leadership changes that have put the IRS at times in a state of turmoil.
Taxes June 3, 2025
Elon Musk Goes Off Again on Trump’s Big, Beautiful ‘Pork-Filled’ Bill
Tech entrepreneur Elon Musk unleashed on President Donald Trump’s “big, beautiful bill” on June 3, marking the second time in a week that the former presidential advisor broke with the president.
Taxes June 3, 2025
Estate Tax Repeal Pending in Congress Raises Debate Over Charity, Wealth Gap
A proposed repeal of the federal estate tax has advocates arguing about whether it would be a long-overdue fix for small business owners and farmers, or an unnecessary move widening the gap between the haves and have-nots even further.
Small Business June 2, 2025
Xero and Tallyfor Integrate to Streamline Business Tax Preparation
To enable accounting partners to experience these powerful benefits firsthand, Xero is offering 12 months of complimentary access to Tallyfor’s tax workflow tool.
Taxes June 2, 2025
Santucci’s Pizza Owner Pleads Guilty to Tax Evasion, Hiding $4.8 Million in Income From IRS
Frank Santucci Sr., owner of Santucci’s Original Square Pizza, agreed to plead to two counts of tax evasion and two counts of filing false tax returns for failing to pay nearly $375,000 in taxes, federal court records show.
Taxes May 30, 2025
Tariff Ruling Threatens a $2 Trillion Fiscal Hole in Trump Plan
The court ruling that blocked much of President Donald Trump’s sweeping tariffs threatens to blow what some economists estimate as a $2 trillion hole into the U.S. fiscal outlook over the coming decade.
AICPA May 29, 2025
AICPA Continues Opposition to Proposed Limitations on PTET SALT Deductions, Provides Recommendations
The AICPA also made recommendations to ensure that the Senate version of the bill would not needlessly disadvantage certain taxpayers but would protect taxpayers.
Small Business May 29, 2025
Trump Wins Tariff Reprieve as Trade Agenda Faces Court Rollback
A federal appeals court offered President Donald Trump a temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda.