Republican senators consider $30K SALT cap in Trump tax bill
A $30,000 cap on the state and local tax deduction would be a compromise between current law and the more generous limit in the House’s version of the bill.
Bookkeeping now fully automated, tax compliance not far behind
A recent report from CPA.com says that semi-autonomous AI bots are already completing bookkeeping workflows start to finish, fully automating the process.
Solid accounting practices are fundamental to business resilience
Accounting controls stand out as an often-overlooked domain—straightforward to implement and highly impactful for improving business resilience and continuity.
IRS updates procedures list for accounting changes
Rev. Proc. 2025-23 updates the list of ‘automatic procedures’ for changes in methods of accounting.
Senate plans to deliver Trump-backed tip, overtime tax breaks
Senate Majority Leader John Thune said Republicans in his chamber expect to deliver on President Donald Trump’s campaign promises.
M&A roundup: Plante Moran, Sax and GHJ expand
Plante Moran merges in Tonneson; Sax acquires Sewald & Anastasia; and GHJ adds Hacker Douglas.
In the blogs: Making choices
Emailing an unprotected return; Sec. 899; IRMMA tactics; and other highlights from our favorite tax bloggers.
Climate risk could slash earnings 7% by 2035
Extreme weather events like wildfires and hurricanes could drop corporate earnings up to 7.3% by 2035, KPMG’s 2025 Futures Report found.
Xero Asia Awards 2025: Beyond the trophy
We’re fast approaching the 2025 Xero Asia Awards ceremony in August! With nominations closing on 20 June, it’s now or never if you’d like to submit your entry and be a part of this highly anticipated night. What are the Xero Asia Awards? A Quick Recap Every year, the Xero Asia Awards recognise the very …
Instead adds AI-driven tax reports
The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities.