Senate unveils plan to fast-track tax cuts, debt ceiling hike
The Senate plan will allow for a $4 trillion extension of Trump’s tax cuts and an additional $1.5 trillion in further levy reductions.
Don’t place a bond ladder on shaky tax ground
The wrong asset location could defeat the whole purpose of the strategy, according to a new study on Treasury inflation-protected securities.
Private sector added 155K jobs in March
Private sector employment grew by 155,000 jobs in March as annual pay increased an average of 4.6% year to year, payroll provider ADP reported.
Government financial reporting and the road ahead under FDTA
A landmark research study by GASB has provided one of the most detailed examinations to date of how state and local governments in the U.S. use GAAP.
Macy’s to claw back bonuses due to accounting scandal
The department-store operator tied executives’ cash bonuses to an earnings metric that turned out to be overstated by around $81 million in 2023.
Washington gov. pans wealth-tax proposal
Washington Governor Bob Ferguson said he wouldn’t sign a budget that relies on the wealth tax proposed by his fellow Democrats in the state legislature.
Republicans eye $25K SALT cap
A sizable increase to the current $10,000 limit on SALT write-offs would represent a major victory for a crucial group of swing-district House Republicans.
X asks Supreme Court to shield Coinbase users from IRS
Elon Musk’s X is urging the justices to shield companies from being forced to disclose sensitive user financial data under “suspicionless” subpoenas.
Intuit upgrades Enterprise Suite with automation, analytics, payroll
Intuit announced improvements to its Intuit Enterprise Suite product centered around workflow automation and data analytics and payroll.
SCOTUS bars bankruptcy clawback from IRS
The Supreme Court overturned a number of lower courts to say a bankruptcy trustee can’t get misappropriated funds back from the Internal Revenue Service.