Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
Taxes September 5, 2024
Trump Tax Cuts Could Cost $10.5 Trillion
The price tag is based on rough, initial estimates from tax and budget specialists because the Trump campaign hasn’t released detailed policy plans for its tax promises.
Taxes September 5, 2024
AICPA Comments on Interaction between Section 266 and Section 163(j)
The Tax Cuts and Jobs Act (TCJA) rewrote section 163(j) to enact significant new limitations on the deduction of “business interest expense.”
Taxes September 5, 2024
Hunter Biden Intends to Change Plea to Guilty in Federal Tax Case
The son of President Joe Biden has been accused of nine misdemeanor and felony offenses. He previously pled not guilty.
Small Business September 5, 2024
Kamala Harris Stops in New Hampshire to Unveil ‘Ambitious’ Small Business Plan
Her proposal would open entrepreneurship to those currently excluded by the high cost of starting a new business.
Taxes September 5, 2024
Maryland Joins IRS Direct File Program For 2025
About 700,000 filers in Maryland are expected to be able to use the free tax filing service from the IRS, state officials said.
Small Business September 5, 2024
Watch Out for These Sales Tax Audit Triggers
Keeping up with sales tax changes can be difficult and, even if you’re careful, your business can be selected for a state audit.
Taxes September 4, 2024
IRS Unsure If Audit Rates for Taxpayers With Incomes Below $400K Comply With Treasury Directive
After the Inflation Reduction Act was enacted, the IRS was ordered to not increase audits on those earning below $400,000 a year.
Taxes September 4, 2024
IRS Issues Regs on Changing Accounting Method For Research Expenses
The regs pertain to the automatic consent to change accounting methods for expenditures paid or incurred after Dec. 31, 2021.
Small Business September 4, 2024
Goldman Sachs Says Harris, Democrats Better For Economy Than Trump
The firm's report could surprise some voters, who generally give the GOP and Trump an edge on issues like the economy and inflation.
Taxes September 4, 2024
A Group of House Republicans Want to Save Biden’s Energy Tax Credits if Trump is Elected
Eighteen House Republicans sent a letter to Speaker Mike Johnson earlier this month emphasizing the importance of the tax credits.
Taxes September 4, 2024
New England Patriots Defensive Linemen Sack Massachusetts Millionaires Tax
Davon Godchaux and Keion White spoke about financial freedom and literacy recently on Godchaux’s “ChauxTalk” podcast.
Accounting September 3, 2024
Is Your Technology Working for You?
What tools are working, and which ones are not? Prioritize replacements. For example, I have never seen as much appetite for replacing practice management tools as this year.