Taxes December 31, 2025
IRS Issues Proposed Regs on OBBBA’s Car Loan Interest Deduction
The IRS and U.S. Treasury just rolled out official guidance on a brand-new tax deduction that could save car buyers up to $10,000 in 2026.
Small Business December 30, 2025
Without Pennies, Should Retailers Round Up or Down? States Offer Their 2 Cents
Businesses and states are grappling with the fallout of the federal government’s quick elimination of the penny.
Small Business December 17, 2025
Opinion: Elimination of the Penny Will Cost Us as Merchants, Consumers
As the U.S. Treasury phases out the use of the penny, it’s creating a host of new challenges for businesses and consumers that could cost all of us a good chunk of change.
Payroll December 3, 2025
IRS Gives Guidance on New Trump Accounts, IRA-Like Accounts for Children
The government will make a one-time $1,000 pilot contribution to the account of each child who is a U.S. citizen born on or after Jan. 1, 2025, through Dec. 31, 2028.
Taxes November 24, 2025
AICPA Makes Recommendations to IRS and Treasury on ‘All or Nothing’ Approach to Dual Consolidated Loss
The AICPA is asking Treasury and the IRS to allow an exception for these permanently disallowed amounts so companies aren’t penalized unnecessarily.
Taxes November 10, 2025
Treasury Secretary Says Trump’s Proposed $2,000 ‘Dividend’ May Come Via Tax Cuts
Scott Bessent said President Donald Trump’s suggestion that Americans may receive a tariff “dividend” of at least $2,000 could come via the tax cuts passed in his signature economic policy bill earlier this year.
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.
Financial Reporting March 6, 2025
AICPA Says BOI Enforcement Freeze is Good Step, But Wants Clarification
The AICPA awaits the release of additional details later this month but believes that Treasury is headed in the right direction with this decision.
Small Business March 2, 2025
Treasury Department Suspends Enforcement of BOI and Corporate Transparency Act
The Treasury Department announced March 2 that it will no longer enforce the Corporate Transparency Act or the associated beneficial ownership information reporting requirements.