The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One, Big, Beautiful Bill Act (OBBBA), by a vote of 215 to 214. The bill includes extensions of many provisions of the Tax Cuts and Jobs Act (TCJA) that are set to expire on…more
President Trump’s “Liberation Day” announcement of global tariffs caught businesses, as well as foreign countries and worldwide financial markets, off guard. While the president has long endorsed the imposition of tariffs, many businesses expected him to take a targeted approach. Instead, Trump rolled out a baseline tariff on…more
A court ruling has resulted in a nationwide preliminary injunction that temporarily halts beneficial ownership information reporting requirements. Here are the details.
The IRS has announced several tax-compliance initiatives that focus on businesses. Here’s a look at three of them.
Now is the time to get up to speed on 2024 SECURE 2.0 changes. Here are several to consider.
Two new federal rules regarding overtime pay and noncompete agreements have recently been adopted.
If you’ve inherited an IRA, you need to know about the latest IRS guidance.
The IRS has offered guidance regarding the tax treatment of energy efficiency rebates introduced by the Inflation Reduction Act.
President Biden has laid out his proposals for tax law changes in the fiscal year 2025 budget.