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Sales Tax Rates and Rules Changes Skyrocket Across States in 2025, Says Vertex Report

CPA Practice

OBannon In the first half of 2025, states made 408 sales tax rate changes and new rates – a 24% increase compared to the first half of 2024 – as many local governments continue to grapple with the state of the economy and generating revenue. a provider of indirect tax solutions. Rates and Rules Report from Vertex Inc. ,

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Special Report: 2025 Readers’ Choice Awards

CPA Practice

From tax prep to asset management, invoicing and portals, and auditing to remote CFO functions, the services the accounting and tax pros provide are dependent on the technologies they use. The awards highlight the most useful technology for firms and clients.

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In the blogs: Here to stay

Accounting Today

EDT 3 Min Read Facebook Twitter LinkedIn Email Department of Justice clipped; seven years of Wayfair; the true reason to change the Internal Revenue Code; and other highlights from our favorite tax bloggers. The IRS has lost almost a third of its auditors to DOGE cuts, and now the DOJs special tax crimes unit is axed.

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Billy Long Sworn in as 51st Commissioner of the IRS

CPA Practice

Jason Bramwell Former Missouri congressman Billy Long was sworn in as the 51st commissioner in the history of the IRS on June 16, saying transforming the culture at the tax agency is at the top of his to-do list. an Arkansas-based oil and gas company, which Democrats said offered non-existent “tribal tax credits.”

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Mastering U.S. Federal Payroll Compliance

CPA Practice

In this white paper, we break down the key federal payroll laws, explore important compliance insights, highlight the role of technology, and provide practical tips for maintaining compliance. federal payroll compliance is an ongoing process that requires vigilance and dedication.

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New Federal School Voucher Program Poses a Quandary for States: Opt In or Opt Out?

CPA Practice

A tax credit in Trump’s signature law leaves states to sort out rules, funding, and oversight. These trends, combined with new federal tax credit, could fundamentally reshape the education funding landscape across state governments, experts say. ” The final law gives states wide discretion, he said.

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The Benefits of Delayed Business Filings

CPA Practice

Incorporating at the End of the Year The primary advantage of incorporating before the end of the year is your clients can then take advantage of the tax benefits owning a corporation offers, including writing off the costs of incorporating on this year’s taxes.