Tax
Tax News & IRS Insights for Accounting Professionals
Accounting Today delivers news and analysis for accounting and tax professionals on federal and state tax developments, IRS guidance,information reporting, and operational implications for practices and clients. Our coverage focuses on legislative and procedural shifts that tax practitioners must monitor in planning, compliance, and advisory contexts.
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The poorest 10% of households will lose an average of $1,200 in resources per year, while households in the highest 10% of incomes will see about a $13,600 boost in resources.
August 11
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Even the wonkiest experts are struggling to keep up with the latest macroeconomic data. Here are the key factors to watch in the coming months.
August 11
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President Trump has removed Billy Long as commissioner of the Internal Revenue Service in the latest sign of turmoil at the embattled agency.
August 8
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Treasury Secretary Bessent will serve as acting commissioner, as President Trump plans to nominate Long for an ambassadorship.
August 8
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The One Big Beautiful Bill Act is sparking questions among employees and payroll departments about how to handle tax breaks such as overtime pay.
August 8 -
If businesses focus solely on the size of the tariffs — and where they land — they'll miss a profound challenge and opportunity that this moment presents.
August 8
Payhawk -
The move will enlarge refunds paid out to taxpayers early next year, ahead of the midterm congressional elections in November 2026.
August 8
