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 17, 2025
Tax Court Refuses Moving Expense Deduction for Military Contractor
Despite changes from the Tax Cuts and Jobs Act (TCJA), military personnel may still claim a deduction for job-related moving expenses. But simply working for the armed forces doesn’t command a deduction.
Taxes June 17, 2025
Wolters Kluwer Releases Tax Briefing on Senate’s Latest Version of Reconciliation Bill
The proposal, which follows the House’s narrow passage of its own version in May, includes sweeping changes to the tax code.
Taxes June 17, 2025
Senate GOP Tax Bill Would End Federal Taxes on Many Guns, Silencers
Senate Republicans’ tax bill would eliminate federal taxes and regulations on short-barreled rifles, short-barreled shotguns, and silencers as well as preempt state or local licensing requirements in a win for gun-rights advocates.
Taxes June 17, 2025
Wind, Solar Credits Set to End Early in Senate Republican Tax Bill
Senate GOP released a bill that would end tax credits for wind and solar earlier than for other sources, and make only modest changes to most other incentives, dashing hopes of those seeking relief from major cuts passed by the House.
Taxes June 17, 2025
Senate Republicans Unveil Revised Tax Cuts and Debt Limit Bill
The Senate's version of President Donald Trump’s signature economic package expands some tax breaks while raising the debt ceiling by $5 trillion, instead of $4 trillion in the House-passed measure.
State and Local Taxes June 16, 2025
Senate Panel Rolls Back SALT Cap to $10,000 in Trump Budget Bill
The Senate Finance Committee Monday rolled back the SALT deduction cap to $10,000 in its first draft of President Trump's sprawling budget bill, a dramatic reversal from the $40,000 that was negotiated in the House last month.
Taxes June 16, 2025
Trump Tax Plan: What to Expect From the ‘Big, Beautiful’ Bill
The “big, beautiful” tax bill that’s currently winding its way through Congress would, if it becomes law, lead to drastically different results for U.S. taxpayers, depending on where you fall on the income spectrum.
Taxes June 16, 2025
States Raise Serious Concerns Over PTET SALT Deduction Elimination, Highlighting Detrimental Impact on State Economies
State CPA societies across the country are expressing their strong opposition to a provision in the One Big Beautiful Bill Act which would eliminate the ability of specified service trades or businesses (SSTBs) to deduct state and local taxes (SALT) at the entity level.
IRS June 16, 2025
IRS Employees in Philadelphia Who Were Laid Off in February Have Now Returned to Work
Probationary employees' jobs were in limbo for weeks. Meanwhile, many IRS workers across the agency are looking to leave.
Technology June 16, 2025
TaxPlanIQ Rolls Out New Tax Planning Features
TaxPlanIQ, a provider of tax planning software for tax and accounting firms, has launched several new features designed to make tax planning more efficient and scalable.
Technology June 16, 2025
Taxfyle Launches AI Tool TXF Intelligence
Taxfyle on Monday introduced TXF Intelligence, a generative artificial intelligence tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S.
Small Business June 13, 2025
Cost of Trump’s Tariffs Hits Home, as Several Goods and Services Surge to Record Highs
President Donald Trump’s trade war is affecting Americans from buying groceries to paying electric bills, with the cost of bananas, ground beef, and electricity surging to all-time highs.