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.
Taxes May 9, 2025
House Tax Panel Releases Partial Version of Trump Bill
The House Ways and Means Committee on Friday night released a partial version of President Donald Trump’s tax proposal that calls for increasing the maximum child tax credit to $2,500 and raising the estate tax exemption to $15 million.
Taxes May 9, 2025
Malliotakis, Other House Republicans At Odds Over Higher SALT Cap
Rep. Nicole Malliotakis (R-NY) suggested she backs the GOP leadership proposal to increase the SALT cap to $30,000 from the current $10,000, even as other Republican lawmakers trashed it as a non-starter.
Taxes May 9, 2025
IRS Issues New Warning For Taxpayers to Avoid Losing Money, Personal Data
Even if you filed your tax return for the year, the IRS warned this week that taxpayers should remain on alert for some common scams to avoid losing money and personal data.
Small Business May 9, 2025
Should Businesses Show Tariff Costs?
Most Americans feel that businesses should display tariff costs in their pricing, according to a new Economist/YouGov poll, which was released after Amazon reportedly contemplated such a policy.
Payroll May 9, 2025
10 Side Hustles that Pay $150 Per Day
According to a recent report from the Bureau of Labor Statistics, approximately 5% of American workers currently have more than one job.
Small Business May 9, 2025
Economists Question Goals and Approach of U.S. Tariffs
The U.S. Chamber of Commerce asked the Trump administration for exemptions to help small businesses that import goods and to “stave off a recession.”
Payroll May 9, 2025
Despite Political Promises, Californians are Stressed About Their Finances
After voters in November sent a clear message that the rising cost of living remained a top concern, California lawmakers came to the state Capitol vowing to take decisive action.
Taxes May 9, 2025
Trump Seeks Tax Hike on Wealthy Earning $2.5 Million or More
The president’s proposal calls for creating a new 39.6% tax bracket for individuals earning at least $2.5 million, or couples making $5 million.
Taxes May 9, 2025
Poll: Trump Says Harvard Shouldn’t be Tax-Exempt, But Do Voters Agree?
According to a new Economist/YouGov poll of 1,850 U.S. adults, Americans are divided over whether Harvard’s tax-exempt status should be changed.
IRS May 9, 2025
Man Who Made False Gun Threat at Kansas City IRS Campus Gets Prison Sentence
Anthony Alford, 46, of Kansas City, who was accused of making a false gun threat that set off an active shooter lockdown at the Kansas City IRS campus last year, has been sentenced to three years in prison.
Accounting May 8, 2025
South Carolina Treasurer’s Office Under Investigation by State’s Inspector General
The investigation follows a House decision not to take up a Senate resolution to remove Curtis Loftis as state treasurer this year over a $1.8 billion accounting error.
Payroll May 8, 2025
Tech Industry Jobs and Layoff Woes Jolt San Francisco Bay Area
The Bay Area tech industry’s jobs sector has nosedived to kick off 2025, a plunge punctuated by layoff plans recently disclosed by a San Jose company.