Senator Bernie Moreno Plans Federal Tax to Neutralize State and Local Data Center Incentives

COLUMBUS, Ohio – U.S. Senator Bernie Moreno, an Ohio Republican, announced plans to introduce federal legislation that would effectively eliminate the financial benefits of state and local tax breaks currently…

Treasury Department and IRS Propose Rules to Revoke Tax-Exempt Status for Racially Discriminatory Private Educational Institutions

Proposed regulations issued by the Treasury Department and the Internal Revenue Service (IRS) on Thursday could lead to the revocation of federal tax-exempt status for as many as 18,000 private…

Accrual Acquires Puzzle to Accelerate Expansion into Client Accounting Services and Enhance AI-Driven Automation

San Francisco-based Accrual, a burgeoning platform designed to streamline tax preparation and review into a unified system, has announced a significant strategic move to expand its service offerings into Client…

Former Bookkeeper Pleads Guilty to Embezzling Over $750,000 from Hartford Law Firm

A former bookkeeper and office manager at a Hartford law firm has pleaded guilty to federal fraud and tax offenses for embezzling more than $750,000 from her employer over a…

The 2026 Tax Year Ushers In Sweeping Changes to Information Reporting and Tax Deductions

The upcoming 2026 tax year marks a pivotal moment for tax professionals and businesses, introducing substantial alterations to federal information reporting requirements, primarily driven by the Working Families Tax Cuts…

Withum Acquires Farber Hass Hurley, Bolstering West Coast Presence and Expanding Service Offerings

Princeton, NJ-based Withum, a prominent national accounting and advisory firm consistently ranked among the top 20 in the industry, announced today its strategic acquisition of Farber Hass Hurley (FHH CPAs),…

Carr, Riggs & Ingram Expands Alabama Footprint with Acquisition of Tuscaloosa’s Morrison & Smith

Top 25 accounting firm Carr, Riggs & Ingram (CRI) has announced its strategic acquisition of Tuscaloosa, Alabama-based public accounting firm Morrison & Smith, significantly bolstering CRI’s presence in its home…

The 2026 Job Security Index Reveals Stark Divides in Perceived Workplace Stability

Job security is a foundational element influencing a wide spectrum of an individual’s life, from the strategic decisions made about career trajectories to the meticulous planning of personal finances. However,…

Banning Antiquated Duties and Delivering Equitable American Levies Act Proposed to Repeal Section 338 Tariffs

WASHINGTON D.C. – Two United States Senators have unveiled legislation aimed at dismantling tariffs imposed under Section 338 of the Tariff Act of 1930, a move that could significantly reshape…

The IRS Faces Widespread Delays and Taxpayer Frustration Amidst Significant Staff Reductions

BRUNSWICK, Ohio – Monnie Johnston, a certified public accountant with three decades of professional tax preparation experience, now finds herself entangled in the very system she once navigated with expertise.…