As has been widely reported in the general media, on July 4, 2025, in a White House ceremony that included a flyover by B-2 ...

The accounting body urged Treasury, IRS to clarify Form W-2 safe harbor and disregarded entities in proposed regulations.

The IRS has issued a request to taxpayers with extensions for their 2024 federal tax returns to file them in the summer months.

Under the bill Trump signed into law on July 4, the U.S. Treasury Department must publish a list by Oct. 2 of occupations that qualify for tax-free tips. The department is also expected to publish ...

One of President Donald Trump’s 2024 campaign messages was a promise to implement a no-tax-on-tips and no-tax-on-overtime law ...

Accountants and SMBs can easily take full control of payroll operations by cutting out costly third-party providers and ...

CBS News reports that tipped workers earning up to $150,000 (or $300,000 for couples) can deduct up to $25,000 in tips per ...

Box 4 on a W-2 form indicates the Social Security tax that is withheld on wages and tips earned by an employee.

If you are an employed physician, regardless of setting, your career will be rewarding in many ways, including the sense of ...

Takeaways The state’s Paid Family and Medical Leave Law survived the legislative session with minimal change and the Department of Employment and Economic Development published its final rules on ...

Trump’s tax and spending cuts bill clears key Senate vote as Republicans race to pass it by July 4 By LISA MASCARO, KEVIN FREKING and JOEY CAPPELLETTI The Associated Press, Updated June 29, 2025 ...