Taxes July 1, 2025
Canada Drops Digital Tax to Restart U.S. Trade Talks
Canada has withdrawn its digital services tax on technology companies such as Meta Platforms Inc. and Alphabet Inc. in a move to restart trade talks with the U.S.
Taxes July 1, 2025
Elon Musk Lashes Out at Tax Bill Proponents, Threatens to Unseat Lawmakers
The Tesla CEO is once again threatening to ramp up his political spending, this time targeting nearly every sitting Republican in Congress who has signaled support for President Donald Trump’s multitrillion-dollar tax bill.
CAS June 30, 2025
Sales Tax Hive Roundtable Launches to Help Bookkeepers and Accountants Tackle Sales Tax with Confidence
The Sales Tax Sisters and Roundtable Labs partner to launch a supportive, educational space for accounting professionals struggling with sales tax.
Taxes June 30, 2025
Senate Cuts Electric Vehicle Credits From Trump Tax Bill, Draws Ire From Musk
Elon Musk slammed the Senate's latest version of President Donald Trump’s multitrillion-dollar tax bill warning that the cuts to EV and other clean energy credits would be “incredibly destructive” to the country.
Taxes June 30, 2025
G7 Countries Agree to ‘Side-by-Side’ Tax Deal for U.S. Companies
As part of the deal, U.S. officials agreed to remove a provision from President Donald Trump’s tax cut bill, called the "revenge tax," that would have increased taxes on the U.S. income of non-U.S.-based businesses and individuals.
Taxes June 30, 2025
Plan to Sell Public Land Knocked Out of Trump Tax Bill
The plan had drawn opposition from members of both parties, and the Senate parliamentarian last week had ruled a more ambitious plan didn’t belong in the budget bill.
Taxes June 29, 2025
Senate Tax Bill Would Add $3.3 Trillion to Deficit, Says CBO
The bill’s cost has been a big problem for fiscal conservatives. It has faced several obstacles in the Senate as lawmakers have demanded conflicting changes.
Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
Taxes June 27, 2025
Trump Hints July 4 Deadline Could Change for Tax Bill
“It’s not the end-all. It can go longer,” Trump told reporters at a White House press conference on June 27. “But we’d like to get it done by that time, if possible.”
Taxes June 27, 2025
Trump Ends Trade Talks With Canada, Threatens to Set Tariff
President Donald Trump said he was ending all trade discussions with Canada after claiming the country moved to implement a digital services tax and threatened to impose a fresh tariff rate within the next week.
Taxes June 27, 2025
Tax Carveout for Hillsdale College Ruled Out of Trump’s Bill
The Senate parliamentarian concluded that a section of the tax bill exempting a small number of religious schools, including the Christian liberal arts college in Hillsdale, MI, violated the chamber's procedural rules for the budget reconciliation process.
Taxes June 26, 2025
House Freedom Caucus Members Bash Senate Over Clean Energy Credits in Trump’s Tax Bill
In an opinion column for Newsweek, the caucus members argued that the Senate would preserve “too much” of what President Donald Trump previously called a “scam.”