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.
Payroll May 1, 2025
U.S. Economy Shrinks for First Time Since 2022 on Imports Surge
The U.S. economy contracted at the start of the year for the first time since 2022 on a monumental pre-tariffs import surge and more moderate consumer spending, a first snapshot of the ripple effects from President Donald Trump’s trade policy.
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.
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.
Taxes April 28, 2025
Trump’s Poll Numbers Drop Near 100-Day Mark, Raising Tax-Plan Stakes
Voter discontent with President Donald Trump’s economic stewardship is sinking his popularity as he approaches the symbolic 100-day mark of his second term, ratcheting up pressure on congressional Republicans to pass his tax plan.
Small Business April 28, 2025
Trump’s China Tariffs Set to Unleash Supply Jolt on U.S. Economy
Since the U.S. raised levies on China to 145% in early April, cargo shipments have plummeted, perhaps by as much as 60%, according to one estimate. That drastic reduction in goods hasn’t been felt by many Americans yet, but that’s about to change.
Payroll April 28, 2025
House GOP Drafts Cuts to Federal Employee Pension System
Federal employee pension benefits are set to be pared back in Republicans’ giant tax-and-spending package working its way through the U.S. House, another slap at a workforce roiled by Elon Musk’s cost-cutting efforts.
Payroll April 28, 2025
Trump Says He Would Veto Cuts to Medicaid, Social Security
In an interview with TIME magazine published on April 25, President Donald Trump said he would not sign legislation that calls for cuts to Social Security or federal health coverage for older and low-income Americans.
Taxes April 25, 2025
Poll Says Trump Should Slow His Roll on Tax Hike Talk
President Donald Trump has said he's open to the idea of raising taxes, particularly on America's top earners; however, a recent poll shows voters are concerned about the prospect of tax hikes and would like to see Trump's 2017 tax cuts kept in place.
Payroll April 25, 2025
Trump Push to Make Firing Federal Workers Easier Could Affect 50,000 Employees
A new rule proposed by the Office of Personnel Management, named Schedule Policy/Career, would reclassify certain workers as at-will employees and strip them of prior civil service regulations meaning they would be easier to fire.
Payroll April 25, 2025
U.S. Consumer Sentiment Slides While Inflation Expectations Rise
Consumer sentiment fell to one of the lowest readings on record and long-term inflation expectations climbed to the highest since 1991 on fears of the economic fallout from tariffs.
Firm Management April 25, 2025
Employees Get Few Choices in Post-Pandemic RTO Mandates
Kastle Systems sees an uptick in the numbers of people entering secure office buildings and parking structures with their electronic badges since President Donald Trump's inauguration.