Taxes December 12, 2025
IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B
Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.
Small Business July 10, 2025
SBA Leader Highlights Small Business Benefits of Trump’s ‘Big, Beautiful Bill’
Small Business Administration leader Kelly Loeffler took to a Baltimore brewery Thursday to highlight the benefits of President Donald Trump’s recently signed “big, beautiful bill.”
Small Business July 10, 2025
North Carolina Reclaims No. 1 Spot on CNBC’s Top States for Business List
North Carolina bested Texas, Florida, Virginia and Ohio to finish No. 1 on CNBC’s latest annual ranking of best states for business.
Taxes July 9, 2025
What is the Johnson Amendment, and Why is it at the Center of an IRS Court Filing?
A new court filing reinterprets a longstanding tax law, signaling that houses of worship may now be able to endorse political candidates without losing their tax-exempt status as nonprofit organizations.
Taxes July 9, 2025
Ohio Lawmaker Introduces Bill to Save IRS Direct File From Termination
U.S. Rep. Emilia Sykes (D-OH) introduced legislation on July 9 called the “Get Your Money Back Act" to secure the future of the Direct File tax filing program and require that all states make it available to their residents.
Small Business July 9, 2025
Trump Tariff ‘Blank Check’ Must be Curbed, Appeals Court Told
A group of small businesses that won an order finding President Donald Trump’s sweeping global tariffs illegal urged a federal appeals court to uphold that decision and block the trade levies.
Taxes July 9, 2025
Trump Says No Tariff Extensions, Hardens Threats on Copper and Drugs
President Donald Trump vowed to push forward with his aggressive tariff regime in the coming days, stressing he would not offer additional extensions on country-specific levies set to now hit in early August.
Taxes July 8, 2025
Here’s Why the One Big Beautiful Bill Act Won’t Really End Social Security Tax
After the bill was signed by President Trump, millions of Americans received notice from the Social Security Administration saying they no longer will have to pay taxes on Social Security benefits. The problem is, that’s not entirely accurate.
Payroll July 8, 2025
Supreme Court Allows Trump to Proceed with Federal Workforce Cuts
Justices let President Trump move ahead with plans to dramatically reduce the size of the federal government, lifting a court order that had blocked several departments and agencies, including the IRS, from slashing their workforces.
Accounting July 8, 2025
Massachusetts Accountant Who Stole $1.2M From Her Own Job Sentenced to Prison
Ashley Sumner, 39, of Weymouth, was sentenced to three and a half years in prison for stealing over $1.2 million from the business where she worked as an accountant.
Taxes July 8, 2025
Trump Issues New Tariff Rates with Aug. 1 Deadline
President Donald Trump unveiled the first in a wave of promised letters that threaten to impose higher tariffs rates on key trading partners, including levies of 25% on goods from Japan and South Korea starting next month.
Taxes July 7, 2025
Bill Introduced to Combat ‘Anti-Gambling’ Measure in Trump Tax Bill
A Nevada lawmaker has proposed a bill that would restore a gambler’s ability to deduct 100 percent of losses on annual tax filings, which was altered in the One Big Beautiful Bill Act signed into law last week.
Payroll July 7, 2025
Jobs Report Takes Pressure Off Fed to Cut Rates
U.S. employers added 147,000 jobs last month, exceeding estimates, while the unemployment rate ticked lower to 4.1%, according to the Bureau of Labor Statistics.