CPAs Welcome Senate SALT Changes
As Republicans continue to move forward on their One Big Beautiful Bill Act (H.R. 1), the American Institute of CPAs …
Republican Senators Seek to Change Senate Bill Clean Energy Tax, Improve Tax Credits
By Valerie Volcovici Republican Senator Joni Ernst has introduced an amendment to the U.S. Senate’s tax and spending megabill that …
Maryland Comptroller Provides Sales and Use Tax Guidance on Data/Information Technology and Software Publishing Services
By Saleem A. Shareef The Maryland Comptroller’s Office has provided sales and use tax guidance on data or information technology …
‘Revenge Tax’ Dropped From Budget Bill as Senate Byrd Bath Continues
A controversial provision of Republicans’ One Big Beautiful Bill Act (OBBBA) that would increase tax rates on certain individuals associated …
Tax Package Hits Medicaid Roadblocks
Several Republican lawmakers are speaking out about proposed Medicaid cuts in the Senate’s tax package and the Senate parliamentarian has …
US Regulator Fines Dutch Affiliates of Deloitte, EY, PwC $8.5M for Widespread Exam Cheating
The U.S. Public Company Accounting Oversight Board (PCAOB) fined the Netherlands affiliates of Deloitte, Ernst & Young, and PricewaterhouseCoopers a …
Midyear State and Local Minimum Wage Increases
Starting July 1, 2025, several states and localities will implement increases to their minimum wage rates. This article outlines the …
New Risk Considerations for Tax-Exempt Organizations
With tax-exempt organizations facing harsher scrutiny and a higher threat of investigation this year, practitioners offered suggestions for managing risk. …
Tax Package’s Deficit Impact Is Only Part of the Fiscal Equation
Scoring shows the Senate’s draft tax package would increase deficits even when assuming tax cuts currently in place extend indefinitely — but …
Final Regulations Address ACA Exchange Integrity; Revise 2026 Annual Limitation on Cost-Sharing
Final Rule: PPACA; Marketplace Integrity and Affordability, 45 CFR Parts 147, 155, and 156, 90 Fed. Reg. 27074 (June 25, …