Payroll May 28, 2026
Trump Accounts App Launches: What to Do Now to Get $1,000 for Your Child
The U.S. Treasury Department has launched the Trump Accounts app, the next step in the pilot program that will give $1,000 to some American children.
Financial Reporting May 28, 2026
Expanded Section 4960 Rules Create New Financial Planning Challenges for Nonprofits
The One Big Beautiful Bill Act expands IRC Section 4960, widening the 21% executive compensation excise tax to include all employees earning over $1 million.
Financial Reporting May 28, 2026
Crypto Information Reporting Mismatches: Fix 1099 Issues Before an Audit
Basis reporting phases in for 2026 transactions, requiring proactive reconciliation to prevent underreporting flags.
Taxes May 28, 2026
Newsom Vows to Levy 100% Tax on California Recipients of Trump’s $1.8 Billion ‘Slush Fund’
Gov. Gavin Newsom indicated that he would need action from the Democratic-led California Legislature to impose the new tax. If adopted, the measure would likely face legal challenge.
Taxes May 28, 2026
Wisconsin Democrats Propose 100% Tax on Trump ‘Weaponization’ Fund
A growing number of Wisconsin Democrats, including several sitting lawmakers and candidates for governor, are proposing a 100% tax on any funds sent to Wisconsinites convicted in the Jan. 6, 2021, storming of the U.S. Capitol.
Taxes May 28, 2026
Governor Promises to ‘Veto Any Attempt’ to Drop Threshold on Washington Millionaires Tax
Gov. Bob Ferguson on Wednesday vowed to never lower the $1 million threshold on Washington’s controversial new income tax on high earners.
Taxes May 28, 2026
‘A Plan to Have a Plan.’ Key Details Still Undefined in DeSantis’ Tax-Cut Pitch
After more than a year of publicly hyping the idea of major property tax relief, Florida Gov. Ron DeSantis on Wednesday finally unveiled what he called a plan to deliver it. What he did not unveil was an actual proposal.
Taxes May 28, 2026
Tax Cap Would Force North Carolina to Hike Other Taxes, Governor Says
Gov. Josh Stein is calling a constitutional amendment capping North Carolina’s income tax rate a “con” and a “cynical shell game” that would put the burden for raising revenue on “regular” North Carolinians.
Taxes May 27, 2026
IRS is Resurrecting the Significant Issue Ruling Program
A previous IRS program that lets taxpayers request private letter rulings on “significant issues” in certain corporate transactions, rather than requiring a ruling on the entire transaction, is being revived by the tax agency.
Technology May 27, 2026
Byron Launches with AI Agents for Business Tax Preparation Workflows
The platform's AI agents are designed to eliminate manual processes across the business tax preparation workflow of CPA firms—from processing unstructured client data to generating review-ready workpapers and output.
Taxes May 27, 2026
AICPA Encourages MTC to Make Model Provisions More Workable and Clearer
The Multistate Tax Commission's model provisions are likely to be adopted by many states, affecting a large number of taxpayers.
Taxes May 27, 2026
Fallout From Fatal Wreck Looms Over Tax Evasion Sentencing of Former Pro Wrestler
Federal records show how a crash that killed three Macomb, MI, teens echoed inside a courtroom more than a decade later in retired wrestler's tax case.