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Latest News & Web Pages
April: Meeting tax clients where they are
1+ hour, 58+ min ago (366+ words) "In the world of tax, you want to be right before you go fast," said co-founder and CEO Ben Borodach. "Our vision in life is to embed tax in every financial decision," said Borodach. "In contrast to that direct relationship,…...
Scrap LTCG Tax On Equities For Individuals, Says Rajya Sabha MP Raghav Chadha Amid STT Hike
10+ hour, 52+ min ago (354+ words) Rajya Sabha MP Raghav Chadha has called on the government to abolish Long-Term Capital Gains (LTCG) tax on equities for individual investors. His demand comes after Finance Minister Nirmala Sitharaman announced a hike in Securities Transaction Tax (STT) on derivatives…...
IRS expands Tax Pro Accounts
16+ hour, 53+ min ago (232+ words) The Internal Revenue Service is adding new capabilities to the online Tax Pro Account, allowing firms to specify which staff members are authorized to act under the business's Centralized Authorization File access. Sole practitioners and other businesses that don't use…...
Tax Court sets precedent on R&D credit for agriculture
22+ hour, 33+ min ago (386+ words) The U.S. Tax Court issued a ruling saying that innovations in livestock production can qualify for the research and development tax credit, establishing new case law in an emerging field. Tax Court Judge Travis Greaves made a number of jokes in…...
KPMG acquires PrivateBlok, team will support AI developments
23+ hour, 29+ min ago (387+ words) Big Four KPMG announced that the employees and founders of AI development platform PrivateBlok will be joining the firm and will help it further scale its AI capacities. The terms of the deal were not disclosed." "We're thrilled to join…...
How to tackle the rise of AI-generated receipts
1+ day, 3+ hour ago (706+ words) The value of AI in the workplace is a numbers game: a cost and benefit exercise. Gartner predicted that global spending on AI would total $1.5 trillion in 2025. Meanwhile, the long-term AI opportunity in added productivity is estimated to be $4.4 trillion,…...
Old Vs New Income Tax Forms: What Changes For Taxpayers From April 1?
1+ day, 11+ hour ago (604+ words) From April 1, the Income Tax Act, 2025, will become effective. To implement it, the income tax department has released the Draft Income-tax Rules, 2026. The new law seeks to simplify income tax return filing with clear norms for income and perquisites. Under…...
Draft Income Tax Rules 2026: Simplified ITR Forms, Easier Compliance; What Taxpayers Should Know
2+ day, 15+ hour ago (711+ words) The income tax department has released the Draft Income-tax Rules, 2026, to operationalise the Income-tax Act, 2025. While these rules are still in draft form and may change after stakeholder consultations, they provide a detailed roadmap of how the new tax system…...
GHJ acquires Blueprint CFO
4+ day, 15+ hour ago (316+ words) GHJ acquired Blueprint CFO, a fractional CFO services firm." The transaction, which took effect Nov. 1, 2025 and was announced Monday, expands the Top 100 Firm's breadth of services and grows its geographic footprint in Southern California. Terms of the deal were not…...
IRS had some problems with tax relief for former hostages
4+ day, 15+ hour ago (436+ words) The Internal Revenue Service incorrectly labeled some taxpayers as hostages when providing tax relief, or failed to remove a special indicator for them after they were released from captivity, according to a new report. The report, released Thursday by the…...