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Federal Government Intervenes to Block Illinois’ Landmark Credit Card Swipe Fee Law

Small Business April 28, 2026 

Federal Government Intervenes to Block Illinois’ Landmark Credit Card Swipe Fee Law

The order is the latest development in a nearly two-year fight between banks and retailers over the Illinois law, a battle that has played out in courts, in Springfield, on television airwaves and now in Washington.

Featured Articles

April 28, 2026  

Massachusetts Tax Preparers Charged in Connection with Using Fraudulent Returns to Buy House

April 28, 2026  

Accountant, Data Analyst Accuse Exxon Mobil and Empire Petroleum of Defrauding Taxpayers in Orphan Well Scheme

April 27, 2026  

Right Goals, Wrong Argument? The Real Stakes in the Fight Over a 1% Income Tax Cut in Massachusetts

April 27, 2026  

Trump’s $10 Billion IRS Suit Hits Snag with Skeptical Judge

April 27, 2026  

What’s the Average Social Security Benefit at Every Age?
Former California Tax Preparer Gets 10 Years For Tax Fraud That Targeted 13 States

Taxes March 19, 2024 

Former California Tax Preparer Gets 10 Years For Tax Fraud That Targeted 13 States

Stephen Jake McGonigle, 66, was ordered to pay the $1.2 million in restitution that he took from victims in the scheme.

NFL Doles Out Draft Punishment to 49ers For Payroll Accounting Errors

Payroll March 19, 2024 

NFL Doles Out Draft Punishment to 49ers For Payroll Accounting Errors

Thanks to a payroll accounting mistake at the end of the 2022 season, the team will have to forfeit a 2025 fifth-round draft pick.

Social Security Chief Martin O’Malley Vows to Fix ‘Cruel-Hearted’ Overpayment Clawbacks

Payroll March 19, 2024 

Social Security Chief Martin O’Malley Vows to Fix ‘Cruel-Hearted’ Overpayment Clawbacks

Capping Social Security clawbacks at 10% for some beneficiaries is among the changes that the new SSA commissioner plans to propose.

House for sale sign

Small Business March 19, 2024 

Realtor Assn. to Pay $418 Million in Lawsuit Over Commission Fees

The agreement is expected to change how homes are bought and sold by removing the assumption that buyers’ and sellers’ agents will split a 5%-6% commission on home sales.

Deloitte Revamps Structure to Slash Costs in Tough Market

Firm Management March 18, 2024 

Deloitte Revamps Structure to Slash Costs in Tough Market

The move will see the Big Four firm reorganize its main business units down to four arms from five, the Financial Times reported.

 Is President Biden On the Right Track With His Billionaire and Business Tax Increase Plans?

Taxes March 15, 2024 

Is President Biden On the Right Track With His Billionaire and Business Tax Increase Plans?

The president recently introduced several tax proposals targeting big businesses and the wealthiest Americans.

Miami Businessman Charged With Hiding Millions in Swiss Bank Accounts, Evading Taxes

Taxes March 13, 2024 

Miami Businessman Charged With Hiding Millions in Swiss Bank Accounts, Evading Taxes

Dan Rotta, who is accused of dodging taxes for decades using accounts at UBS and Credit Suisse, was granted a $15 million bond.

U.S. House Votes to Ban TikTok Due to Chinese Communist Party Ties to Company

Payroll March 13, 2024 

U.S. House Votes to Ban TikTok Due to Chinese Communist Party Ties to Company

Called the Protecting Americans from Foreign Adversary Controlled Applications Act, the bill would prevent “foreign adversaries,” like China, from having ownership in applications like TikTok.

ADM Seeks to Reassure Investors Amid Accounting Probe

Accounting March 13, 2024 

ADM Seeks to Reassure Investors Amid Accounting Probe

During an earnings call, the company's CEO said the internal problems have not torpedoed the overall financial picture.

Why Businesses Shouldn’t Rely on AI-Powered Tax Prep Advice

Taxes March 12, 2024 

Why Businesses Shouldn’t Rely on AI-Powered Tax Prep Advice

A Washington Post investigation found TurboTax's and H&R Block's AI tools are not up to snuff.

Fewer People Are Getting Tax Refunds This Year, IRS Stats Show

Taxes March 12, 2024 

Fewer People Are Getting Tax Refunds This Year, IRS Stats Show

Compared with a similar point in the tax season the previous year, there have been nearly 6 million fewer refunds, according to the IRS.

Some States Are Looking to Abolish Property Taxes Entirely

Taxes March 12, 2024 

Some States Are Looking to Abolish Property Taxes Entirely

As property values surge, some state lawmakers are hoping to end the property tax. Doing so would not be cheap or easy.

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