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Around the Tax World- May 8, 2025
In The HeadlinesCould Tesla be seeking a replacement for Elon Musk?
What's New In The Tax World?What could make it into the next budget bill? SALT and staffing are the next big conversations
State-By-State-UpdatesOver 400,000 Florida taxpayers will get a check through the Hillsborough County Sales Tax settlement.
Tax Planning TipsThe federal government may flip the script on electric vehicles by introducing an annual EV registration fee.
READ MOREAround the Tax World- April 24, 2025
In The HeadlinesCould Harvard and other universities lose their tax-exempt status?
What's New In The Tax World?The renewal of Trump’s 2017 tax cuts is facing pushback from within the Republican party
State-By-State-UpdatesFlorida lawmakers weigh the pros and cons of two budget bills, both proposing over $5 billion in tax cuts.
Tax Planning TipsCould the federal tax on Social Security income actually be eliminated?
Around the Tax World- April 7, 2025
In The HeadlinesInflation rises more than expected in February when it comes to consumer spending.
What's New In The Tax World?The next wave of tariffs hits the auto industry as Trump introduces a 25% levy on imports
State-By-State-UpdatesIowa is looking to increase business development, which could mean both new tax credits and the elimination of old ones.
Tax Planning TipsSenior citizens could still reduce this year’s tax bill with these best practices.
Around the Tax World- March 25, 2025
In The HeadlinesThe stock market leaves investors reeling after a rollercoaster week.
What's New In The Tax World?In the push to renew the Tax Cuts and Jobs Act, SALT could cause the stalemate
State-By-State-UpdatesConnecticut lawmakers are weighing a new retail delivery tax.
Tax Planning TipsSenior citizens could still reduce this year’s tax bill with these best practices.
Around the Tax World- March 10, 2025
In The HeadlinesNew leadership, fewer lawsuits—changes are afoot at the Consumer Financial Protection Bureau.
What's New In The Tax World?Will federal budget cuts be enough to offset the revival of TCJA tax cuts?
State-By-State UpdatesFlorida’s governor advocates to axe the state’s property tax.
Tax Planning TipsHCould repealing the clean energy tax credits drive up electricity bills?
Around the Tax World- February 24, 2025
In The HeadlinesCVS Health could be making a revenue comeback in 2024.
What's New In The Tax World?Could $4.5 trillion in tax cuts be coming down the federal pipeline?
State-By-State UpdatesA new Georgia bill could provide taxpayers with another special refund.
Tax Planning TipsHave a home equity loan? Be clear on the tax deductions available to you.
Around the Tax World- February 10, 2025
In The HeadlinesIs DeepSeek the wave of the future of A.I.—or a threat to data security?
What's New In The Tax World?Will Trump’s $4 trillion tax cut plan prevail? Not without progress on reducing the national deficit
State-By-State UpdatesIdaho lawmakers aim to tackle rising property taxes.
Tax Planning TipsAvoid an audit by making sure these important forms are submitted.
Around the Tax World- January 23, 2025
In The Headlines Meta will be cutting 5% of its staff in efforts to raise performance standards.
What's New In The Tax World?What tax changes are Americans most likely to see in the early months of the Trump administration?
State-By-State UpdatesCould Arkansas soon say farewell to its grocery tax?
Tax Planning TipsA new year’s resolution: Stay on top of your taxes in 2025.
Around the Tax World- January 09, 2025
In The Headlines The S&P 500 has its worst performance in over 70 years in the stretch between Christmas Eve and New Year’s Eve.
What's New In The Tax World?The newly-minted Department of Government Efficiency may take an axe to the IRS.
State-By-State UpdatesKansas legislators will battle it out over new property tax cuts.
Tax Planning TipsTaxpayers in these nine states will see an income tax reduction starting this year.
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Freelancer Deductions: What You Might Be Missing and What You Need to Remember
Even savvy freelancers often miss deductions that could significantly reduce tax liability. The IRS offers legitimate ways for freelancers to deduct business-related costs, but it’s not always obvious which expenses qualify and which ones cross the line into nondeductible territory. This confusion is made worse when we see some of the terrible advice from so-called “experts” on social media. In this article, we’ll explore the most commonly missed deductions for freelancers, highlight real-world examples, and review what tax professionals need to keep in mind when advising these clients.

How to Help Your Clients Maximize College Financial Aid
College tuition continues to climb, and for many families, financial aid can make or break their ability to afford their child’s higher education dreams. What most don’t realize is that their tax return — filed long before students even begin applying for college — plays a major role in determining how much financial aid they’ll receive. This is where you come in. Tax professionals and financial planners are uniquely positioned to help clients qualify for more college financial aid. But only if you know what to look for.

The Rise of Post-Cognitive Tax Accounting: Embracing a New Frontier in 2027 (or Sooner!)
The year is 2027, and the landscape of tax accounting has undergone a dramatic transformation. Artificial Intelligence (AI) has automated many traditional tasks once considered the bedrock of the profession. Yet, contrary to fears of widespread job losses among tax preparers, this technological revolution has ushered in a new era – Post-Cognitive Tax Accounting. This paradigm shift is redefining the role of tax professionals, opening opportunities to explore uncharted territories that leverage human intuition, creativity, and strategic insight.