Despite the distractions of war in Iraq, House lawmakers this week narrowly approved President Bush’s budget along party lines.
The measure includes nearly $550 billion in tax cuts through 2013, and raises the nation’s legal debt limit to nearly $1 trillion. The $2.27 trillion budget was approved by lawmakers 216-211.
The bill will next be taken up by the Senate, where it may face stiffer opposition.
The shift will happen gradually starting this summer until December, when QBOA will be discontinued.
The new Pilot AI Accountant claims to run the entire bookkeeping and financial reporting process with zero need for human intervention.
The tax-filing season for individuals just opened recently, but businesses already got a head start on various tax incentives in the One Big Beautiful Bill Act.
PCAOB adds to advisory groups; Schneider Downs transitions to single CEO structure; and more news from across the profession.
The Top 75 Firm acquired D & Co., expanding its presence in Texas and strengthening its healthcare specialty.
Plus, Sage rolls out AI enhancements for reporting, AP, sales; Datarails launches Spend Control solution for contract visibility.
