Legislation March 12, 2025
House Passes Funding Bill to Avoid Government Shutdown
But with most Democrats opposed and 60 votes needed in the Senate to avoid a filibuster, it is unclear if the measure has the support needed in that chamber to pass.
Taxes February 26, 2025
Tax Cut Chances Rise as House Republicans Pass Budget Targeting Safety Net
Chances for early action on Donald Trump's tax cut plans improved as House Republicans passed a budget blueprint Tuesday calling for deep cuts in safety-net programs such as Medicaid.
Taxes February 20, 2025
Congress Considers Tax Relief for Los Angeles Fire Victims
No one can say with certainty but lawmakers are hopeful that the partisan bickering that's dominated Washington debate will subside on the disaster tax relief issue.
Taxes February 19, 2025
Nevada Lawmaker Trying Again to Kill Federal Excise Tax on Sports Bets
The quarter percent federal excise tax, also known as the handle tax, "does nothing except penalize legal gaming operators for creating thousands of jobs," said U.S. Rep. Dina Titus, D-Las Vegas.
Accounting February 4, 2025
Bipartisan State House Bill Would Create Additional Pathways to CPA Licensure in Illinois
House Bill 2459, introduced on Feb. 3 by state Reps. Natalie Manley (D) and Amy Elik (R), who are both CPAs, would amend the Illinois Public Accounting Act to create two additional pathways to CPA licensure in the state and enhance CPA practice privilege mobility.
Taxes August 25, 2023
IRS Issues Table for Calculating Premium Tax Credit for 2024
The IRS on Aug. 23 announced 2024 indexing adjustments for important percentages under the Affordable Care Act.
Small Business June 8, 2023
House Ways and Means Passes Bill on Easing ACA Reporting Requirements
The Employer Reporting Improvement Act would make it easier for businesses to comply with the Affordable Care Act.
Small Business May 31, 2023
Bipartisan Bill in Ohio Would Legalize Recreational Marijuana
The Regulate Marijuana Like Alcohol coalition is gathering signatures across the state in hopes of qualifying for the November ballot. Ohio already has a medical marijuana program.
Small Business May 23, 2023
Hard Times for Colorado Weed Industry
Colorado’s cannabis entrepreneurs face a perfect storm of problems: too much supply, not enough demand, plunging prices, heightened competition in other states and ...
Small Business May 1, 2023
Minnesota Likely to Legalize Recreational Marijuana
The Minnesota Senate cast its first-ever vote to legalize recreational marijuana on Friday, pushing the proposal closer to becoming law than ever before.
Small Business February 6, 2023
Recreational Marijuana Sales Start in Missouri
On Friday, [Feb. 5, 2023] the Missouri Department of Health and Senior Services issued licenses to 207 dispensaries across the state to legally sell cannabis to anyone over the age of 21.
Small Business February 2, 2023
82% of Texans in Favor of Legalizing Medical Marijuana
While 66% of those polled said they believe legalization would be good for state and local government revenue, there were concerns by many about whether it would encourage increased use.