Small Business June 1, 2026
U.S. to Appeal Judge’s Order for Broad Refund of Trump Tariffs
The Trump administration said it will appeal a judge’s authority to order across-the-board refunds of all tariffs ruled illegal by the U.S. Supreme Court.
Taxes June 1, 2026
Florida Cities Brace for Property Tax Blow
Orange County cities and towns like Belle Isle, Winter Garden, Oakland and Ocoee would stand to lose between 25% and 33% of their total property tax collections if Gov. Ron DeSantis' property tax plan is realized.
IRS May 29, 2026
Judge Temporarily Halts DOJ ‘Anti-Weaponization Fund’
The Justice Department announced the creation of the fund as part of settling a $10 billion lawsuit President Donald Trump brought against his own government, alleging violations of federal law for releases of his tax return information in his first term.
Taxes May 29, 2026
Tax the Rich, DeSantis Suggests to Florida Counties Worried About His Property Tax Plan
Florida Gov. Ron DeSantis doubled down on his plan to phase out property taxes on homeowners’ primary residences, saying local governments should turn to uber-wealthy landowners to shore up their budgets from the lost revenue.
Accounting May 29, 2026
AICPA Asks Treasury and IRS for Further Guidance on Proposed Trump Account Regulations
The AICPA urges final regulations to define the term "available," which is currently unclear when determining if lower-priority individuals can open an account.
Taxes May 29, 2026
Connecticut May Put 100% Tax on Trump ‘Anti-Weaponization Fund’ Payouts
"If you filed a claim with Trump's slush fund and collected a check, we are going to explore every legal option available to take every penny of it back," Connecticut Senate Majority Leader Bob Duff said.
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.