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 May 2, 2025
Trump Seeks to Squeeze Drugmakers’ Revenues to Pay for Tax Cuts
President Donald Trump wants the pharmaceutical industry to shoulder part of the cost of his tax cuts, pressing Republicans to force drugmakers to accept lower prices on prescriptions covered by Medicaid.
IRS May 2, 2025
Trump Nominates Donald Korb for Second Go-Around as IRS Chief Counsel
Korb, a partner at law firm Sullivan & Cromwell who served as IRS chief counsel during the George W. Bush administration, would need to be confirmed by the Senate in order to fill the role at the agency.
Taxes May 2, 2025
Trump Renews Vow to Strip Harvard of its Tax-Exempt Status
While he did not elaborate, President Donald Trump posted to his Truth Social feed early Friday: “We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!”
State and Local Taxes May 2, 2025
SALT Talks Stall as GOP Considers Limiting Tax Break to Middle Class
The $10,000 cap on SALT, one of the most contentious issues in the GOP debate on its giant tax bill, remained unresolved as lawmakers left Washington on Thursday.
IRS May 1, 2025
IRS Raises HSA Contribution Limits for 2026
The IRS on Thursday issued its annual inflation-adjusted amounts for health savings accounts next year, with small increases across the board as inflation cools.
Taxes May 1, 2025
An ‘Enormous’ Amount of Money at Stake if Trump Targets Harvard Tax Exemption
Harvard's conflict with the Trump administration may not just threaten its research funding. The president said that the university “perhaps” should lose the tax exemption it enjoys as an educational institution.
Taxes May 1, 2025
New Tax Cuts Mostly Favor the Rich Across States This Year
Most states' tax systems already put a higher tax burden on lower-income households, but that trend only accelerated in this year's legislative sessions, worrying advocates who want to see the rich pay a larger share.
CAS April 30, 2025 Sponsored
10 Benefits of Cloud Accounting for Tax Professionals
Here are the advantages of cloud accounting and how delivering services in the cloud can revolutionize the way a tax professional operates.
Taxes April 29, 2025
Low-Income Housing Credit Bill Back in the Mix for Federal Tax Package
A bipartisan duo is reintroducing a popular measure this week that would expand the low-income housing tax credit with an eye toward including it in Republicans’ budget reconciliation package.
Taxes April 28, 2025
IRS Issued Nearly 75 Million Tax Refunds as of April 11, Data Shows
In total, the agency has issued roughly $228.7 billion in refunds so far during the 2025 tax season, up 3.9% from the $220.2 billion issued at this time last year.
Accounting June 3, 2025 Sponsored
Archived Webcast: Scale smarter: Automate sales tax to grow your CAS practice
Whether you're looking to launch a client advisory services (CAS) practice or expand an existing one, sales tax compliance presents a key opportunity for growth — and greater efficiency. Sign up today!
Taxes April 28, 2025
Trump Floats New Income Tax Cut in Bid to Ease Tariff Impact
President Donald Trump suggested on April 27 that his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year, as public anxiety rises over his economic agenda.