Taxes October 24, 2025
Bipartisan Scrutiny Grows Over Nonprofit Hospitals’ Billions in Tax Benefits
For once, Democrats and Republicans may be on the same page: nonprofit hospitals should prove they're earning their tax-exempt status.
Taxes October 24, 2025
‘Billionaire Tax’ Ballot Measure Seeks to Avert California Health Care Collapse
A new campaign is underway in California to make the state’s wealthiest residents pay to help rescue its health care system, with organizers filing a ballot measure that would impose a one-time 5% tax on billionaires.
Taxes October 23, 2025
IRS Issues New FAQs on $20,000 Form 1099-K Threshold Under OBBBA
The Republican tax-and-spending law reverts the threshold for online sales reporting to $20,000 and 200 transactions per year, as it was before 2021. The provision is applied retroactively to the 2022 tax year.
OBBBA Tax Act October 23, 2025
The QBI Tax Deduction for Small Businesses Lives On – OBBBA Tax Law Changes
This is one of the most confusing provisions in the tax code and clients are likely to have plenty of questions. Keep them up to date on the latest developments and offer your services, when needed.
Taxes October 22, 2025
Here’s What the IRS Said About Tax Refunds During the Government Shutdown
The tax agency provided an update Tuesday on its website about the availability of certain IRS services during the stalemate, including whether refunds will still be sent to taxpayers.
Taxes October 22, 2025
AICPA Applauds the Passage of the IRS Math and Taxpayer Help Act
“The IRS Math and Taxpayer Help Act represents common-sense reform that enhances IRS operations and improves the taxpayer experience," Melanie Lauridsen, AICPA vice president of tax policy and advocacy, said Oct. 22.
Technology October 22, 2025
AI Tax Software Company SmartWiz is Expanding, to Hire 66
A Birmingham, AL-based financial tech company is expanding its operations in the Magic City, with plans to create 66 new jobs over the next five years.
Taxes October 22, 2025
Gruntworx Announces Integration with Intuit ProSeries Tax for Tax Document Automation
Gruntworx, a maker of automation solutions for tax professionals, has announced its new integration with Intuit ProSeries, one of the most widely used tax preparation platforms in the profession.
Taxes October 22, 2025
Senate Bill Making it Easier to Fix Math Mistakes on Your Tax Return is Headed to Trump’s Desk
The bipartisan IRS MATH Act, as it’s known, cleared the Senate unanimously on Oct. 21, after previously winning approval in the House of Representatives on a voice vote in April.
Special Section: Guide to 2025 Tax Changes October 22, 2025
New Tax Law Revives Favorable R&E Deductions – OBBBA Tax Law Changes
The OBBBA restores this tax break for businesses, retroactive to the beginning of 2025. It also adds certain enhancements and transitional rules that may benefit clients.
Accounting October 22, 2025
Two-Thirds of CFOs Say AI is Shifting Their Role From Compliance to Growth Leadership
U.S. and UK CFOs are navigating an era of unprecedented pressure driven by technological disruption, regulatory complexity and global economic volatility.
Taxes October 21, 2025
IRS Provides Relief to Lenders for 2025 on Car Loan Interest Reporting Under OBBBA
The IRS issued transitional guidance on Oct. 21 that provides penalty relief to certain lenders on the new information reporting requirements for car loan interest received in 2025 under the new Trump tax law.