With the new year upon us, it’s worth thinking about what 2026 will bring, and what accounting firms expect their next 12 months to look like. With that in mind, Accounting Today conducted its annual Year Ahead survey in the late fall to find out firms’ expectations for 2026, including
President Trump has signed a bipartisan bill that aligns the deadline for claiming prior-year tax refunds or credits with the extended filing period granted to taxpayers affected by natural disasters. Processing Content The bipartisan bill, known as H.R. 1491, the Disaster Related Extension of Deadlines Act, was sponsored by Rep.
RRBB, a Regional Leader based in Somerset, New Jersey, has added Kleespies, Horwitz & Associates, based in Clark, New Jersey, and introduced Superior Payroll LLC, a new payroll service line affiliated with KHA. Processing Content Financial terms of the deal were not disclosed. RRBB ranked No. 2 on Accounting Today‘s
It don’t come easy Processing Content Eide Bailly (https://www.eidebailly.com/taxblog): One under-the-radar issue on Capitol Hill may be coming to a head next year: taxation of such digital assets as crypto. Lawmakers are even now outlining legislation to address several tax issues with digital assets that, if enacted, would be the
The optional standard mileage rate for business use of automobiles will increase 2.5 cents next year, while the mileage rate for vehicles used for medical purposes will decrease half a cent, the IRS announced. Processing Content Optional standard mileage rates are used to calculate the deductible costs of operating vehicles
The big clean up; turning down the volume; it’s a killing; and other highlights of recent tax cases. Processing Content Greenwich Connecticut: Exec Jeffrey Arsenault, 63, has pleaded guilty to tax evasion. Arsenault was the managing member and majority owner of Old Greenwich Capital Advisors, the investment manager of Old
Budimir Jevtic – stock.adobe.com The Treasury and the Internal Revenue Service say guidance is forthcoming on a new method for recovering federal excise tax paid on dyed fuel established under the One Big Beautiful Bill Act. Processing Content Announcement 2026-01 provides general information on claiming a payment under a new OBBBA
As the year winds to a close, Swindoll, Janzen, Hawk & Loyd announced it is merging in another Kansas firm, BT&Co.; Regional Leader RRBB added the team from Gail Rosen CPA PC in New Jersey; and Ketel Thorstenson expanded in Wyoming by merging in Grooms & Harkins PC.
When Washington Governor Bob Ferguson proposed the state’s first income tax in modern history, he said the word “affordability” five times. Processing Content Ferguson on Tuesday asked the legislature to craft a 9.9% tax on personal income over $1 million, which would revolutionize a state revenue system heavily reliant on
Postmarks and donations; tuning up your comp system; please, Santa…; and other highlights from our favorite tax bloggers. Processing Content Generally positive Berkowitz Pollack Brant (https://www.bpbcpa.com/articles-press-releases/): The One Big Beautiful Bill Act was kindest to investors, as seen in expansion of IRC Sec. 1202, which enables owners and early investors