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
The Treasury Department has released Rev. Proc. 2026-9, which contains the amounts of unused housing credit carryovers allocated to qualified states under IRC Sec. 42(h)(3)(D) for calendar 2025. Processing Content The notice, which will be published in the Internal Revenue Bulletin on Jan. 20, provides guidance to state housing credit
Jason Alden/Bloomberg WH Smith Plc is under investigation by the UK’s Financial Conduct Authority over the accounting error in its North American business that triggered a stock slump and the resignation of its chief executive officer. Processing Content The embattled retailer also cut its annual dividend for the first time
Small business accounting platform Xero plans to shift third party app developers from a revenue share commercial model to a new tiered pricing structure based on API usage and connections. The change is scheduled for March 2026. The new pricing is a flat monthly fee based on tiers and includes