Rising tariffs and falling shipments from China signal a potential supply shock that could reshape inventory planning, pricing, and job stability across industries. The United States supply chain is currently experiencing significant pressure due to recently imposed tariffs on goods
Accountants: Maximize Inflation Reduction Act Incentives Through Smart Planning Clean energy tax credits are fundamentally changing financial strategies across various industries. The Inflation Reduction Act (IRA) has introduced expanded incentives, presenting businesses with a significant opportunity to reduce their tax
Residents and Businesses Get Until November 3, 2025, to File and Pay After Severe Weather Updated April 21, 2025 – The Internal Revenue Service (IRS) has announced extended federal tax deadlines for all individuals and businesses in Tennessee and Arkansas
Legality of Facility Usage Fee for Out-of-State Athletes Challenged The Pennsylvania Supreme Court heard arguments Thursday regarding the legality of Pittsburgh’s 3% facility usage tax, commonly known as the “jock tax,” levied on income earned by nonresident athletes and performers
90-day tariff pause announced as stock markets rally; China now faces 125% duty amid escalating trade tensions In a major shift, former President Donald Trump announced a 90-day pause on recently imposed higher tariffs for dozens of U.S. trade partners.
Republican-Led Budget Resolution Advances Amid Global Economic Uncertainty The U.S. Senate has approved a budget resolution that sets the stage for extending the Trump-era tax cuts and raising the federal debt ceiling. This move comes as the global economy faces
Lawyer’s Use of Trust Accounts and Cash Withdrawals Leads to Conviction A Missouri attorney has been convicted of tax evasion after years of fraudulent activities, facing prison time and substantial fines for concealing income and failing to file returns. Key
Guilty plea reveals elaborate scheme to hide assets and mislead the IRS, facing years in prison. A Florida businessman, David Albert Fletcher, has pleaded guilty to evading $1.7 million in federal taxes by concealing income and filing false returns, highlighting
California lawyer’s case underscores the government’s intensified efforts to prosecute tax evasion among high-earning professionals. A California attorney has been indicted on federal tax charges for allegedly evading taxes, filing false returns, and failing to file tax returns. The indictment,
Master Form 6765’s changes to protect clients and maximize innovation incentives. Recent IRS updates to Form 6765 introduce new reporting requirements for the R&D Tax Credit, demanding CPAs to adapt their compliance strategies. Key Focus: Compliance and Maximizing Tax Benefits