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Michigan has taken a major step toward becoming a hub for high-tech infrastructure with the passage of two new bills offering sales and use tax exemptions  to data centers —a strategic move aimed at attracting investments from major players like Google, Amazon, and other AI-driven tech firms. Signed into law by Governor Gretchen Whitmer , the legislation is designed to make Michigan more competitive in a national race to host data infrastructure critical to artificial intelli

In response to the growing demand for accounting professionals and the challenges posed by the traditional 150-hour education...

In a landmark move, Baker Tilly and Moss Adams have announced a $7 billion merger, poised to create the sixth-largest CPA advisory firm...

Facing a $3.3 billion budget shortfall , Maryland Governor Wes Moore  has introduced a bold fiscal plan that includes both new...

The IRS Whistleblower Office  has launched its inaugural multi-year strategic operating plan , signaling a significant step toward...

Several cities across California have implemented new local sales and use tax rates  effective April 1, 2025 , adding pressure to already...

The Internal Revenue Service (IRS)  is encouraging taxpayers to review and, if necessary, adjust their 2025 federal tax withholding  to...

The North Carolina Senate has moved forward with a new two-year state budget plan  that places a strong emphasis on personal income tax...

As part of its broader tax reform strategy, the administration  is reportedly considering changes to the corporate tax rate , revisiting...

April 15, 2025  is officially Tax Day —the final deadline for most Americans to file their 2024 federal income tax returns . As taxpayers...

With the 2025 tax season nearing its April 15 deadline, the Internal Revenue Service (IRS) has begun issuing millions of refunds. But...

The Internal Revenue Service (IRS)  is reminding all taxpayers that the deadline to file 2024 federal income tax returns is Monday, April...

In a major policy shift, the U.S. Customs and Border Protection Agency  has announced new tariff exemptions  that will significantly...

On April 10, 2025, the U.S. House of Representatives narrowly approved a Republican-backed budget resolution  that lays the groundwork for extending the 2017 Tax Cuts and Jobs Act (TCJA) —a landmark tax overhaul passed during the Trump administration. The vote passed 216–214 and represents a key step in the GOP’s strategy to make the tax cuts permanent, with an estimated $5 trillion in tax reductions  over the next decade. For business owners, tax professionals, and investors

The Internal Revenue Service (IRS)  has released its annual inflation adjustments  for tax year 2025 , impacting key tax provisions such...

The Internal Revenue Service (IRS)  has officially announced tax relief for victims of Hurricane Helene , extending the federal tax...

A new poll released by the National Federation of Independent Business (NFIB)  reveals overwhelming support among small business owners for the 20% Small Business Deduction , a tax benefit that has significantly reduced income tax burdens since it was introduced under the 2017 Tax Cuts and Jobs Act (TCJA) . As Congress debates whether to make this deduction permanent, small business owners, CPAs, and tax professionals are closely watching. This blog breaks down what the deduc

Two Southern states— Mississippi  and Kentucky —are now leading the charge to eliminate personal income taxes, marking the first such movement since Alaska repealed its income tax in 1980 . With long-term strategies underway, both states aim to reduce their income tax burdens incrementally, positioning themselves as more competitive environments for businesses and individuals alike. For small business owners, entrepreneurs, and remote workers in these states, understanding t

In a major relief for taxpayers in disaster-declared areas, the Internal Revenue Service (IRS)  has extended the 2025 federal tax filing ...

In a pivotal vote on April 5, 2025, Senate Republicans passed a budget framework designed to extend and expand the 2017 Tax Cuts and Jobs Act (TCJA) —a move with major implications for business owners, workers, and tax professionals across the United States. The Senate’s 51-48 decision unlocks up to $5.3 trillion in tax reductions over the next decade , clearing the way for potential new legislation that could reshape income tax rules, payroll tax exclusions, and small busine

Estate planning is a crucial process for individuals aiming to manage their assets effectively and ensure a smooth transfer to...

On April 1, 2025, Washington Governor Bob Ferguson made headlines by firmly rejecting a legislative proposal to implement a wealth tax...

​Investing in energy-efficient home improvements not only reduces your environmental footprint but can also lead to significant tax...

If you're a U.S. citizen or resident alien living abroad, your tax season isn’t over yet. While most taxpayers face the usual April 15...