President Donald Trump’s $4.5 trillion tax cut bill prevailed in a crucial Senate test vote after hours of negotiations between Vice President JD Vance and GOP leaders and Republican holdouts. The 51-49 vote, which was held open for nearly four hours, is a sign that Republican leaders are resolving the
President Donald Trump said he was ending all trade discussions with Canada in retaliation for the country’s digital services tax, and threatened to impose a fresh tariff rate within the next week. “Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. We
Withum building in Princeton, N.J.Courtesy of WithumSmith+Brown Withum, Princeton, appointed: Matt Walsh to practice leader of the industrial and consumer products services team; Michael George to practice leader of the health care services team, succeeding Scott Mariani; Mike Mulhearn to practice leader of the dealerships services team; Wally Merkas to
Baker Tilly, a top firm based in Chicago, is making its latest big deal, announcing its intention to acquire KraftCPAs PLLC, a Regional Leader based in Nashville. The deal will expand Baker Tilly’s presence in the Southeast and comes on the heels of its megamerger with Moss Adams. Financial terms
The Public Company Accounting Oversight Board today sanctioned three Netherlands member firms of Deloitte, PricewaterhouseCoopers and EY after finding widespread exam misconduct. The PCAOB found that from 2018 to 2022, Deloitte Netherlands, PwC Netherlands and EY Netherlands failed to prevent or detect hundreds of the firms’ professionals — including partners
Senate Republicans are aiming to wipe away some $3.8 trillion of federal budget red ink from the GOP’s signature tax-and-spending bill with an unprecedented parliamentary maneuver, stoking concerns about long-term U.S. fiscal policy. Republicans are using a fast-track legislative process known as reconciliation, which will allow them to make President
Brad Vest/Photographer: Brad Vest/Getty Im Individuals and businesses in parts of Mississippi and Texas who were affected by severe weather that began in March now have until Nov. 3 to file various federal individual and business returns and make tax payments. The IRS is offering relief to any area designated
Beverly Edge Beverly Edge, chief operating officer, general counsel and partner at HHM CPAs, was named one of the 2025 Women of Distinction by the Greater Chattanooga community. The Tennessee Society of CPAs honored its top members in six different categories at its 94th Annual Meeting and Convention held in
Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. and to wire fraud. Yager used clients’ information to present false returns to the IRS
Ryan, a global tax services firm based in Dallas, recently launched the Ryan Tariff Task Force to help clients deal with the complex interplay between taxes and the constant threat of tariff increases. “I’ve been talking to a lot of clients,” said Tony Gulotta, principal and practice leader of Ryan’s