Group Calls for ‘Reimagined Tax System’
Noting the “seismic change” the tax administration system has experienced since President Trump took office, the Tax Law Center at …
Thomson Reuters Tax & Accounting News
PayrollOrg Webinar Highlights Need for Local Tax Automation
In a recent PayrollOrg webinar titled “Local Payroll Taxes: The Practical Approach to Reducing Risk,” payroll professionals were given a …
Rhode Island Enacts Budget Bill Increasing Several Tax Rates, Expanding Net Income Definition, Setting Various Sunset Dates, Other Provisions
By Brian Skornicki, Esq., Checkpoint News On June 30, 2025, the fiscal year 2026 budget bill has been enacted without …
Veteran Payroll Educator Warns of Confusion Over New Overtime/Tip Deductions
Following the July 4 enactment of the One Big Beautiful Bill Act (P.L. 119-21), payroll professionals began closely reviewing the …
Could the New Senior Deduction Be Swallowed by a Benefit Cut?
As the Social Security Administration touts the new tax act’s senior deduction, which it says will reduce federal taxes for …
Tax Act Tweaks International Provisions but Maintains Regime, Say Experts
The July 4th tax act did more than just extend international tax provisions, but experts shared that they view the …
SEC Chair Atkins Seeks New PCAOB Candidates, Signals Board Member Salary Cuts for 2026
After forcing PCAOB Chair Erica Williams out, SEC Chair Paul Atkins said he is soliciting candidates for all board member …
Payroll Professionals Explore AI for Enhanced Documentation and Efficiency
Payroll professionals recently convened for PayrollOrg’s “Talking Payroll Chat” on July 17, 2025, to delve into the transformative potential of …
Digital Asset Expert Reflects on Busy Crypto Week
While Congress advanced several pieces of legislation relating to the regulation and treatment of digital assets during its so-called crypto …
IRS Announces Increases for 2026 ACA Employer Shared Responsibility Penalties
Rev. Proc. 2025-26 (July 22, 2025) Available at https://www.irs.gov/pub/irs-drop/rp-25-26.pdf The IRS has announced 2026 indexing adjustments to the applicable dollar amount used to calculate …
After the Massive Tax Package, What’s Next for Congress?
Congressional Republicans surprised many policy experts by getting their tax and spending package (H.R. 1) across the finish line by …
Tax Pros Discuss Key Tax Act Partnership Provisions
Gibson Dunn Partners Eric Sloan and Matt Donnelly in an interview with Checkpoint touched on recently enacted tax provisions favorable …
After Williams’ Exit, SEC Taps Botic to Lead PCAOB Temporarily
Following the ouster of Erica Williams as chair of the Public Company Accounting Oversight Board (PCAOB), the Securities and Exchange Commission (SEC) …