Taxes July 4, 2025
What Killing Tax Credits Means for the Electric Vehicle Market
Sales are likely to dip below forecasts but not completely bottom out thanks to an array of new models and incentives from states and dealers.
Taxes July 3, 2025
Congress Passes Trump Tax Bill; President to Hold Signing Ceremony on July 4
The House passed Republicans' sweeping tax-and-spending bill Thursday afternoon, a day earlier than the July 4 deadline President Donald Trump set to have it on his desk to sign.
Income Tax July 3, 2025
AICPA Makes Recommendations as Treasury and IRS Transition to Electronic Payment and Disbursement System
The adoption of an electronic system for federal disbursements and receipts would increase efficiency, reduce costs, and significantly diminish the occurrence of lost or stolen checks.
Taxes July 3, 2025
Trump Tax Bill Passes House, Trump to Sign on July 4
The House advanced President Donald Trump's sweeping tax-and-spending bill in a procedural vote overnight after nearly all of the Republican holdouts flipped their votes in support.
Taxes July 2, 2025
GOP Leaders Work to Convince House Holdouts on Trump Tax Bill
Republicans were scrambling Wednesday to salvage their “big, beautiful” reconciliation bill amid a revolt from conservatives over the measure’s growing price tag.
Taxes July 2, 2025
How Trump Tax Bill Could Impact Gamblers
A Nevada lawmaker and a downtown Las Vegas casino owner are among those united in opposition to a provision in the proposed federal budget bill that would limit declarable losses for gamblers.
Technology July 2, 2025
K1x Adds 1099 Data Extraction to AI-Powered Tax Automation Platform
The fintech company announced July 1 the launch of Aggregator Plus, a new product upgrade that adds automated Form 1099 data extraction to K1x's AI-powered K1 Aggregator tax platform.
Taxes July 2, 2025
Trump Tax Bill Hits GOP Resistance in House Ahead of Vote
President Donald Trump’s multitrillion-dollar tax bill is running into Republican resistance in the House as ultraconservative and moderate GOP lawmakers threaten to defy the president and sink his domestic agenda.
Small Business July 2, 2025
Tariff Impact on U.S. Prices Expected to Come This Summer
The Fed has held off on lowering interest rates this year—despite intense pressure from President Donald Trump—in part to determine whether tariff-driven price hikes might evolve into more persistent inflation.
Taxes July 2, 2025
Trump Risks Voter Blowback as GOP Tax Bill Moves Forward
Polling has found the "big, beautiful bill" is not especially popular with voters, prompting Democrats to see an opening to weaponize it in midterm contests.
General News July 1, 2025
Trump Threatens Elon Musk with Investigations After Budget Feud
President Donald Trump lashed out at former presidential advisor Elon Musk on Tuesday, threatening to investigate his companies and even his immigration status amid their feud over the "big, beautiful bill."
AICPA July 1, 2025
AICPA Applauds Senate Passage of Reconciliation Bill, Encourages House Support
The U.S. Senate passed its reconciliation bill earlier today, which removes the limit on pass-through businesses’ state and local tax (SALT) deductions entirely, generating optimism for those affected businesses.