Sales Tax September 24, 2025
Sales Tax Rates and Rules Changes Skyrocket Across States in 2025, Says Vertex Report
In the first half of 2025, states made 408 sales tax rate changes and new rates – a 24% increase compared to the first half of 2024.
Taxes September 23, 2025
IRS Keeps ‘High-Low’ Per Diem Rates for Business Travel Unchanged
Starting Oct. 1, the per diem rates used to calculate tax deductions for business travel expenses will be $319 to high-cost locations and $225 to low-cost areas, which are the same amounts as the previous year.
Taxes September 23, 2025
IRS to Phase Out Paper Refund Checks for Taxpayers Beginning Sept. 30
The IRS will begin phasing out paper tax refund checks for taxpayers starting Sept. 30, marking a major shift toward electronic payments, the agency said Tuesday.
Taxes September 23, 2025
Creating Unexpected Value for Estates and Trusts Through Accelerated Depreciation
While many accounting professionals are familiar with the benefits of a cost segregation study for investment assets acquired during life, fewer recognize the value this tool brings in the context of estate or trust administration.
Taxes September 23, 2025
Michigan Nursing Home Sues IRS, Claiming It’s Owed a $4.9M Employee Retention Credit
Thornapple Manor has filed suit against the IRS, alleging that it hasn’t received $4.9 million in refunds that it was eligible for under a pandemic-era tax credit.
Taxes September 23, 2025
IRS Provides Tax Relief to Livestock Farmers and Ranchers Impacted by Drought
The IRS issued guidance on Sept. 22 that provides tax relief for farmers and ranchers in every state except for Alaska who sold or exchanged livestock because of "exceptional, extreme, or severe" drought conditions.
Technology September 23, 2025
TaxPlanIQ Inks Partnerships with Liberty Tax, Elite Resource Team
TaxPlanIQ announced Sept. 23 partnerships with Liberty Tax and Elite Resource Team, putting tax planning tools in the hands of tax preparers and wealth managers around the country.
Taxes September 23, 2025
New House Bill Would Expand No Tax on Overtime to All Union Workers
Rep. Nicole Malliotakis (R-NY) announced Sept. 19 that she has introduced bipartisan legislation to ensure that all union workers benefit from the “no tax on overtime” provision that was included in President Donald Trump’s One Big Beautiful Bill Act.
Taxes September 23, 2025
Paperwork Pitfalls Put Some EV Owners’ $7,500 Tax Credit in Limbo
The IRS has issued instructions for dealerships to file paperwork that’s required so electric vehicle buyers don’t miss out on the tax credit, which expires Sept. 30.
Taxes September 23, 2025
California Passes Tax Relief for Cannabis Growers
Gov. Gavin Newsom on Monday signed AB 564 into law, a bill that reverses a 25% increase in the cannabis excise tax and freezes that tax at 15% until 2028.
Taxes September 22, 2025
Milwaukee Residents Receive Tax Relief From IRS After Flash Floods
Residents and business owners in three Wisconsin counties—Milwaukee, Washington, and Waukesha—now have until Feb. 2, 2026, to file various federal tax returns and make tax payments after flash floods swept through southeast Wisconsin in August.
Taxes September 19, 2025
Partisan Stopgap Funding Bills Fall Short in Senate
The Senate shot down dueling versions of a short-term funding patch on Sept. 19 before leaving town for a weeklong recess without a plan in place to avoid a partial government shutdown next month.