Financial Reporting July 22, 2026
Tax Court Case Underlines the Rule: Don’t Pay Personal Expenses with Business Funds
Owners of small businesses frequently don’t pay attention close attention to the nature of expenditures.
Taxes November 11, 2025
Shutdown Deal Leaves Popular Obamacare Tax Credits on Shaky Ground
Expiring Affordable Care Act subsidies face an uphill battle for renewal as Democrats try to find enough Republicans to back an extension.
Special Section: Guide to 2025 Tax Changes November 11, 2025
Five Key Extensions in the New Tax Law – OBBBA Tax Law Changes
The deduction for miscellaneous expenses—including unreimbursed employee business expenses and production-of-income expenses—was not revived.
Taxes November 11, 2025
Smarter Tax Breaks for Homeowners, Young and Old
Instead of across-the-board property tax cuts, targeted state and federal incentives for younger first-time home buyers and older would-be sellers could begin to break the logjam in the housing market.
OBBBA Tax Act November 11, 2025
New Tax Law Gives a Boost to the Child Tax Credit (OBBBA)
The CTC is now bigger and better—permanently. The new also retains a special tax credit for non-child dependents.
Special Section: Guide to 2025 Tax Changes November 11, 2025
Changes Coming for Tax Break for Small Business Stock – OBBBA Tax Law Changes
The OBBBA expands the tax benefits for stock issued after July 4, 2025—the date of enactment—for stock that meets revised requirements. The new law contains three key changes of interest to entrepreneurs.
Special Section: Guide to 2025 Tax Changes November 10, 2025
Silver Tax Lining for Disaster Area Victims in the New Tax Law – OBBBA Tax Changes
If a client suffers a personal casualty loss before the end of the year, rush to their tax aid. They may want to speed up tax relief by filing an amended return.
Special Section: Guide to 2025 Tax Changes November 10, 2025
New Tax Law Gives Employers More Leeway on 1099s – OBBBA Tax Law Changes
It must seem like the annual threshold of $600 has been in place forever to long-time payroll managers and CPAs. In fact, it hasn’t budged an inch since 1954!
Special Section: Guide to 2025 Tax Changes November 10, 2025
Lock Up Home Energy Credits Before 2026 – OBBBA Tax Law Changes
The OBBBA shuts the door completely on the Energy Efficient Home Credit for property placed in service after 2025, and the Residential Clean Energy Credit for expenses incurred after 2025.
Taxes November 10, 2025
High Stakes for Chicago Mayor Brandon Johnson’s Progressive Agenda in Head Tax Push
Having already failed to deliver other key tenets of his ambitious tax-the-rich wish list, the head tax is a watershed moment for Johnson and his allies.
Income Tax November 10, 2025
Trump Pardons Baseball Legend Darryl Strawberry on Tax Evasion Charge
President Donald Trump is granting a pardon to former baseball star Darryl Strawberry, who pleaded guilty three decades ago to tax evasion, according to a White House official.
Taxes November 10, 2025
Democrats Concede Shutdown Fight Without Health Care Win in Hand
They did get a pledge for a separate vote on the health-care tax credits in the coming weeks, but the prospects of Democrats landing a win from that endeavor are far from certain.
Taxes November 10, 2025
Treasury Secretary Says Trump’s Proposed $2,000 ‘Dividend’ May Come Via Tax Cuts
Scott Bessent said President Donald Trump’s suggestion that Americans may receive a tariff “dividend” of at least $2,000 could come via the tax cuts passed in his signature economic policy bill earlier this year.