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.”
Payroll June 26, 2025
States With the Highest and Lowest Take-Home Pay for a $100,000 Salary
The personal finance website GoBankingRates analyzed state and federal data from the Tax Foundation for 2024 to assess what a $100,000 income looks like in each state.
Firm Management June 26, 2025
Tax Firms Without AI Strategies Will Fall Behind (and Fast), New Study Warns
Survey respondents predict AI will save professionals 5 hours weekly, translating to 240 hours annually per professional.
Taxes June 25, 2025
IRS Staff Reductions, Potential Tax Law Changes Pose Challenges to Next Tax Season, Taxpayer Advocate Says
Despite calling this past tax filing season one of the most successful in recent memory, National Taxpayer Advocate Erin Collins warned there are potential risks heading into the 2026 tax season and that "it is critical that the IRS begin to take steps now to prepare."
Taxes June 25, 2025
IRS Responds to Delays in Processing Electronic Payments
The agency said it's aware of a delay in processing some electronic payments and that some taxpayers are receiving IRS notices indicating a balance due even though payments were made on time.
Taxes June 24, 2025
GOP Considers Canceling Recess to Wrap Up Trump’s Tax Bill
Republican leaders are stepping on the gas to get the giant budget package to President Donald Trump's desk before his July 4 deadline.