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Around the Tax World- march 10, 2026
In The HeadlinesThe Trump administration takes a 10% stake in Intel.
What's New In The Tax World?The IRS has released a new OBBBA schedule: Taxpayers can now claim a tax exemption on tips, overtime, and car loan interest
State-By-State-UpdatesCalifornia lawmakers are torn over a new gas tax study.
Tax Planning TipsHow could A.I. impact the way taxpayers approach filing season?
READ MOREAround the Tax World- OCTOBER 8, 2025
In The HeadlinesNew A.I. safety laws will impact the majority of top A.I. companies.
What's New In The Tax World?A failed deal over ACA premium tax credits gives way to a government shutdown.
State-By-State-UpdatesMichigan debates a 24% increase to its marijuana wholesale tax.
Tax Planning TipsTrump throws his weight behind Hollywood with a new 100% tariff on foreign-made films
Around the Tax World- September 23, 2025
In The HeadlinesTikTok and trade talks: What’s the latest in the U.S. relationship with China?
What's New In The Tax World?Could a wealth tax be the next step for New York City—or the U.S.?
State-By-State-UpdatesIndiana considers a pause on utility bill taxes.
Tax Planning TipsHow have the new Trump tax policies affected companies?
Around the Tax World- September 9, 2025
In The HeadlinesMeta’s flirtatious Taylor Swift and Scarlett Johansson chatbots were created without permission.
What's New In The Tax World?Could a second federal tax and spending bill be in the works?
State-By-State-UpdatesAlabama shoppers can enjoy two new tax breaks starting this September.
Tax Planning TipsWhich jobs are covered by the new “no tax on tips” rule?
Around the Tax World- August 26, 2025
In The HeadlinesCould the U.S. government become a shareholder in Intel?
What's New In The Tax World?The clock is ticking on expiring clean energy credits—and it’s causing a major spike in sales
State-By-State-UpdatesWill Florida finally pull the trigger on property tax cuts?
Tax Planning TipsThe “One Big Beautiful Bill” includes a largely-overlooked remittance tax that will affect those who support family members overseas
Around the Tax World- August 7, 2025
In The HeadlinesTech stocks may be making a comeback as design tool Figma sees a 250% gain on its IPO day.
What's New In The Tax World?The end of Direct File, leadership investigations, and staffing shake-ups: What is the future of the IRS?
State-By-State-UpdatesFlorida’s hurricane season is also a tax-free season this year.
Tax Planning TipsSummer means tax-free holiday season! Which states can save consumers the most money?
Around the Tax World- July 24, 2025
In The HeadlinesCould your caffeine consumption take a hit with the increased tariffs on Brazil?
What's New In The Tax World?Will the newly-passed tax and spending plan help or hinder Republicans in 2026?
State-By-State-UpdatesGeorgia makes moves toward eliminating the state income tax.
Tax Planning TipsHow could the new tax exemption for tips and overtime pay affect employers?
Around the Tax World- July 10, 2025
In The HeadlinesU.S.-Canada trade talks continue as Canada opts to drop its digital services tax.
What's New In The Tax World?Trump’s megabill continues to prove controversial—including forceful pushback from Elon Musk
State-By-State-UpdatesIllinois sees a slew of mid-year changes to its taxes and other laws.
Tax Planning TipsHow might the new tax and spending bill change your income tax bracket?
Around the Tax World- June 24, 2025
In The HeadlinesHow could ongoing tariffs impact the Federal Reserve interest rate?
What's New In The Tax World?The Senate is proposing changes to the House’s tax and spending bill: What stayed and what’s going?
State-By-State-UpdatesAlaska hits a roadblock in solving problems with state oil tax collections.
Tax Planning TipsSolar stocks plunged in response to the Senate’s revised tax bill.
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CURRENT EDITION
Remember, Influencers, the IRS Follows You Too!
The influencer marketing industry was able to grow during Covid as many advertisers had to adjust or cancel their marketing campaigns. This was because more people were sitting at home consuming content on social media. This new opportunity for smaller influencers has created a new group of taxpayers who need to know their new filing obligations. They’ll also be open to tax planning strategies that you have to help them reduce their tax liability.
Hobby Loss Regulations And Loper Bright
For me, the most exciting Tax Court opinion of 2025 was Judge Joseph Goeke’s supplement to his 2024 opinion in the case of Gary M. Schwarz. With a $1,851,878 tax deficiency, it is the largest hobby loss opinion since 2019. (The really big dollar cases tend to settle.)
Consult, Don’t Convince: Turning Discovery Calls into Advisory Opportunities
The most successful accountants aren’t the ones who pitch the hardest, they’re the ones who listen the most. When you ask better questions, you can diagnose problems that clients didn’t even know they had, which then helps us clarify outcomes instead of listing services. When we shift from “convincing” to “consulting,” discovery calls stop being “sales” conversations and start becoming advisory conversations. And advisory conversations naturally lead to advisory engagements.
