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.
Taxes October 21, 2025
Illinois Gov. JB Pritzker Says He Opposes Head Tax in Chicago
Pritzker has come out in opposition to the reinstated $21-per-employee “head tax” on larger businesses that Chicago Mayor Brandon Johnson has proposed to raise an estimated $100 million to help balance the city's budget.
Taxes October 21, 2025
New ‘Jumanji’ Movie Among 52 Films Awarded California Film Tax Credits
The 52 film projects are the first movies to receive tax credits since the state bolstered its production incentive program this summer.
Taxes October 21, 2025
Supreme Court is Told Trump Tariffs Are Illegal $3 Trillion Tax
Small businesses challenging many of President Donald Trump’s global tariffs urged the U.S. Supreme Court to affirm lower court rulings that the import levies amount to a massive illegal tax on American companies.
Taxes October 20, 2025
Koch, Anti-Tax Groups Harden GOP’s Tough Shutdown Stance
Influential conservative groups with deep pockets are pushing Republicans to demand steep concessions from Democrats in exchange for extending health care subsidies, a move that risks prolonging a U.S. government shutdown now in its 20th day.
Taxes October 17, 2025
JB Pritzker and His Wife Report $10.3 Million in Taxable Income, $1.4 Million in Gambling Winnings
The Democratic Illinois governor offered a simple explanation on Oct. 16 for how he took home more than $1.4 million in gambling winnings last year: "I like to play cards."
Taxes October 17, 2025
Chicago Mayor Pitches Head Tax Revival in 2026 Budget He Says Targets the ‘Ultra-Rich’
After a bold corporate payroll tax hit legal snags, Brandon Johnson pitched his $21-per-employee tax on corporations as the next frontier in his largely-stalled economic agenda.