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Special Report: 2025 Readers’ Choice Awards

CPA Practice

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

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Tax Fraud Blotter: Sick excuses

Accounting Today

million payroll tax scheme. He failed to collect, account for and pay over payroll taxes to the IRS on behalf of each of these companies from 2014 to 2022, a total of at least $3.5 Oakland, New Jersey: Business owner Walter Hass, of Hewitt, New Jersey, has been sentenced to four years in prison for his role in a $3.5

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Midyear payroll in 2025: Legislative shifts, judicial rulings, and compliance crossroads

ThomsonReuters

At the forefront is the “One Big Beautiful Bill Act,” a high-profile legislative package that could redefine payroll tax policy by permanently extending key provisions of the Tax Cuts and Jobs Act (TCJA) and introducing new exemptions for overtime pay and employee tips. Beyond Capitol Hill, the U.S.

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IRS Slot Machine Jackpot Threshold is Going Up, Experts Say

CPA Practice

OBannon Taxes July 23, 2025  IRS Gives Tax Filing Relief to Those Impacted by May St. Louis Tornado The IRS recently announced tax relief for individuals and businesses located in the city of St. Louis and Scott counties in Missouri after an EF3 tornado caused widespread destruction on May 16. Louis and St.

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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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Jobless Claims Fall for a Sixth Straight Week

CPA Practice

Before adjusting for seasonal factors, initial claims plummeted by more than 45,000, led by big states like New York and California, as well as in Michigan, Missouri and Ohio—which are home to car factories. With assistance from Chris Middleton.

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2025 Payroll Tax and Withholdings Update

Anders CPA

In 2025, there are several updates to various payroll tax withholding limits, including Social Security tax and 401(k) elective deferrals. For employees, the minimum wage is increasing in Missouri and Illinois. Some states may require online filing unemployment reports and electronic payment of the taxes due.