CAS April 30, 2025 Sponsored
10 Benefits of Cloud Accounting for Tax Professionals
Here are the advantages of cloud accounting and how delivering services in the cloud can revolutionize the way a tax professional operates.
Taxes April 29, 2025
Low-Income Housing Credit Bill Back in the Mix for Federal Tax Package
A bipartisan duo is reintroducing a popular measure this week that would expand the low-income housing tax credit with an eye toward including it in Republicans’ budget reconciliation package.
Taxes April 28, 2025
IRS Issued Nearly 75 Million Tax Refunds as of April 11, Data Shows
In total, the agency has issued roughly $228.7 billion in refunds so far during the 2025 tax season, up 3.9% from the $220.2 billion issued at this time last year.
Taxes April 28, 2025
Trump Floats New Income Tax Cut in Bid to Ease Tariff Impact
President Donald Trump suggested on April 27 that his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year, as public anxiety rises over his economic agenda.
Taxes April 28, 2025
Trump’s Poll Numbers Drop Near 100-Day Mark, Raising Tax-Plan Stakes
Voter discontent with President Donald Trump’s economic stewardship is sinking his popularity as he approaches the symbolic 100-day mark of his second term, ratcheting up pressure on congressional Republicans to pass his tax plan.
Taxes April 28, 2025
Taxpayer Fails Test on Frivolous Tax Claim
Tax Court judges are notoriously a no-nonsense bunch. They consistently deny claims by taxpayers that are considered to be “frivolous” in nature.
Small Business April 28, 2025
Trump’s China Tariffs Set to Unleash Supply Jolt on U.S. Economy
Since the U.S. raised levies on China to 145% in early April, cargo shipments have plummeted, perhaps by as much as 60%, according to one estimate. That drastic reduction in goods hasn’t been felt by many Americans yet, but that’s about to change.
Taxes April 25, 2025
Poll Says Trump Should Slow His Roll on Tax Hike Talk
President Donald Trump has said he's open to the idea of raising taxes, particularly on America's top earners; however, a recent poll shows voters are concerned about the prospect of tax hikes and would like to see Trump's 2017 tax cuts kept in place.
Taxes April 24, 2025
How CPAs Can Maximize the Impact of Clean Energy Tax Credits
Accountants can play a crucial role in helping their clients take full advantage of the Inflation Reduction Act's clean energy tax credits through strategic planning.
Taxes April 24, 2025
Trump Says Millionaire Tax Would Push Wealthy to Leave the U.S.
The president said imposing a higher tax rate on millionaires would spur the country’s richest to leave the U.S., downplaying an idea that is under discussion in some Republican circles as a way to pay for an economic package.
Taxes April 24, 2025
He Can’t ‘Raise Taxes on a Whim’: 12 States Ask Court to Halt Trump Tariffs
A dozen states filed a federal lawsuit on April 23 challenging the Trump administration’s imposition of sweeping tariffs, arguing the president trampled on Congress’ powers to raise taxes.
Taxes April 24, 2025
First-Quarter Tax Lobbying Explodes as Reconciliation Package Looms
There were more than 300 new lobbying registrations—disclosures firms file when they acquire new clients—citing tax policy issues, up more than 200% compared to the first quarter last year and more than 260% compared to the previous quarter.