Plus, Gusto announces “Gus” AI; Boost launches cross-border payment solution; and other accounting tech news.

Noted; loan sharks; lowering the Boomer; and other highlights of recent tax cases.

The House Ways and Means Committee voted to advance a set of five tax-related bills, including one that would eliminate a twice-delayed requirement to report payments of at least $600 received through third-party networks like Venmo.

The IRS is pushing back payment and filing deadlines for taxpayers hit by August weather.

CPA firms are perfectly positioned to provide advisory and assurance services on ESG reporting, given their infrastructure around audit quality, independence requirements, and professional development.

The Internal Revenue Service and the Treasury issued proposed regs on the Corporate Alternative Minimum Tax.

In today’s rapidly evolving accounting landscape, embracing cloud technology is no longer optional – it’s essential. But for many small firms, navigating the sea of available solutions can be overwhelming. That’s where Xero ambassadors like Scope Solutions come in, bridging the gap between cutting-edge technology and practical implementation. I recently sat down with Brian Ferris …

Navigating cloud adoption: A conversation with Xero ambassador Scope Solutions Read More »

Bloomberg Tax & Accounting projects that inflation-adjusted amounts in the Tax Code will increase 2.8% in 2025 — roughly half the increase in 2024 and down from 7.1% in 2023.

Illinois CPA Society president and CEO Geoffrey Brown and chair Deborah Rood discussed some of the hot topics in the profession during a recent ICPAS Summit.

Whoever wins, ‘2025 is going to be a very interesting tax legislative year.’