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Taxes

25+ OBBBA Income Tax Strategies Still Hiding in Every 2025 Return on Your Desk

Taxes April 7, 2026 

25+ OBBBA Income Tax Strategies Still Hiding in Every 2025 Return on Your Desk

Before you file another return this week, pull one off the stack and run it through this checklist- you will likely find thousands in savings your software missed.

Jackie Meyer, CPA

Featured Articles

February 28, 2026  

Voting Opens for 2026 Readers’ Choice Awards!

April 8, 2026  

Ex-Accounting Executive Ordered to Pay Nearly $3M in Restitution After Defrauding IRS, Victims

April 7, 2026  

#TaxMaxxing: How Millennial and Gen Z Entrepreneurs Are Maximizing 2025 Tax Savings

April 7, 2026  

Gail Perry Discusses Key Takeaways from ‘Meet the IRS’ Day

April 7, 2026  

Tax Season Brings Surprises for Some Who Receive ACA Subsidies
Sales Tax Hive Roundtable Launches to Help Bookkeepers and Accountants Tackle Sales Tax with Confidence

CAS June 30, 2025 

Sales Tax Hive Roundtable Launches to Help Bookkeepers and Accountants Tackle Sales Tax with Confidence

The Sales Tax Sisters and Roundtable Labs partner to launch a supportive, educational space for accounting professionals struggling with sales tax.

Isaac M. O'Bannon

Senate Cuts Electric Vehicle Credits From Trump Tax Bill, Draws Ire From Musk

Taxes June 30, 2025 

Senate Cuts Electric Vehicle Credits From Trump Tax Bill, Draws Ire From Musk

Elon Musk slammed the Senate's latest version of President Donald Trump’s multitrillion-dollar tax bill warning that the cuts to EV and other clean energy credits would be “incredibly destructive” to the country.

G7 Countries Agree to ‘Side-by-Side’ Tax Deal for U.S. Companies

Taxes June 30, 2025 

G7 Countries Agree to ‘Side-by-Side’ Tax Deal for U.S. Companies

As part of the deal, U.S. officials agreed to remove a provision from President Donald Trump’s tax cut bill, called the "revenge tax," that would have increased taxes on the U.S. income of non-U.S.-based businesses and individuals.

Plan to Sell Public Land Knocked Out of Trump Tax Bill

Taxes June 30, 2025 

Plan to Sell Public Land Knocked Out of Trump Tax Bill

The plan had drawn opposition from members of both parties, and the Senate parliamentarian last week had ruled a more ambitious plan didn’t belong in the budget bill.

UN flags 54d8dc47740af

Small Business June 29, 2025 

Trump Says He Probably Won’t Extend July 9 Tariff Deadline

President Donald Trump said he doesn’t think he’ll need to extend the July 9 trade deadline he has imposed on countries to secure deals with the U.S. to avoid higher tariffs.

Senate Tax Bill Would Add $3.3 Trillion to Deficit, Says CBO

Taxes June 29, 2025 

Senate Tax Bill Would Add $3.3 Trillion to Deficit, Says CBO

The bill’s cost has been a big problem for fiscal conservatives. It has faced several obstacles in the Senate as lawmakers have demanded conflicting changes.

AICPA Releases Statement on Text of Senate Bill Regarding Pass-Through Entities

Legislation June 29, 2025 

AICPA Releases Statement on Text of Senate Bill Regarding Pass-Through Entities

The president and CEO of the American Institute of CPAs, Mark Koziel, CPA, CGMA, has released a statement following the release of the text of the U.S. Senate’s reconciliation bill.

Isaac M. O'Bannon

Nominations Open for 2025 Innovation Awards

Accounting June 28, 2025 

Nominations Open for 2025 Innovation Awards

The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.

Isaac M. O'Bannon

Trump Hints July 4 Deadline Could Change for Tax Bill

Taxes June 27, 2025 

Trump Hints July 4 Deadline Could Change for Tax Bill

“It’s not the end-all. It can go longer,” Trump told reporters at a White House press conference on June 27. “But we’d like to get it done by that time, if possible.”

Trump Ends Trade Talks With Canada, Threatens to Set Tariff

Taxes June 27, 2025 

Trump Ends Trade Talks With Canada, Threatens to Set Tariff

President Donald Trump said he was ending all trade discussions with Canada after claiming the country moved to implement a digital services tax and threatened to impose a fresh tariff rate within the next week.

Tax Carveout for Hillsdale College Ruled Out of Trump’s Bill

Taxes June 27, 2025 

Tax Carveout for Hillsdale College Ruled Out of Trump’s Bill

The Senate parliamentarian concluded that a section of the tax bill exempting a small number of religious schools, including the Christian liberal arts college in Hillsdale, MI, violated the chamber's procedural rules for the budget reconciliation process.

House Freedom Caucus Members Bash Senate Over Clean Energy Credits in Trump’s Tax Bill

Taxes June 26, 2025 

House Freedom Caucus Members Bash Senate Over Clean Energy Credits in Trump’s Tax Bill

In an opinion column for Newsweek, the caucus members argued that the Senate would preserve “too much” of what President Donald Trump previously called a “scam.”

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