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New bill calls for tax preparer regulation

Accounting Today

Steve Cohen has re-introduced a bill that would give the IRS the authority to set and enforce standards for tax pros.

Billing 290
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Tax extenders bill throws new uncertainty into tax season

Accounting Today

The House Ways and Means Committee reported the text of the Tax Relief for Workers and Families Act after voting last week to advance the bipartisan bill.

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House passes tax administration bills

Accounting Today

The House unanimously passed six bipartisan bills concerning taxes and the IRS, four of which were endorsed by the AICPA.

Billing 241
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Introducing Xero Simple, a plan to support you with Making Tax Digital for Income Tax

Xero

The next phase of Making Tax Digital is coming. In April 2026, Making Tax Digital for Income Tax (MTD for IT) will be introduced, and its set to shake up the record keeping, reporting and tax requirements for self-employed people and landlords. MTD for IT filing will be available in all Xero business plans.)

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Senators introduce bill to curb GRAT tax break

Accounting Today

A pair of lawmakers proposed a bill to end the abuse of grantor-retained annuity trusts to avoid taxes.

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Tax extenders bill stalled

Accounting Today

The tax extenders legislation is still tied up in the Senate after being passed in the House as senators are still seeking changes in some of the provisions, such as the expanded Child Tax Credit.

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Musk's influence and new IRS bills could reshape tax season

Accounting Today

Time will tell how a federal hiring freeze, Elon Musk's push for efficiency and new tax-focused legislation will shape the path of the Internal Revenue Service.

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