Newsroom
New 50% ad valorem additional duties on Canadian goods took effect on August 22, 2026 following the breakdown of trade negotiations between the U.S. and Canada. U.S. Customs and Border Protection (CBP) has issued operational guidance for importers and brokers applying the new tariffs. Read more
Treasury and the IRS on July 31, 2026 issued proposed regulations under Sections 898(c) and 960(d)(4) of the Internal Revenue Code to implement two significant international tax changes enacted as part of the One Big Beautiful Bill Act (OBBBA). The guidance addresses the repeal of the long-standing…
The House voted 370 to 48 on September 1 to approve a Senate-passed government spending bill that would extend IRS funding at its current level through December 11, avoiding a disruptive government shutdown ahead of the upcoming filing deadlines.
Time-to-hire and time-to-impact both affect an organization’s talent decisions. Hiring finance and accounting professionals often takes months, especially in a market constrained by a lack of qualified, job-ready talent. Even after a permanent employee is hired, the time from start date to full…
The House Ways and Means Committee approved seven tax bills on July 1, deepening a divide between House and Senate taxwriters on the best approach to tax administration reform.
The House Ways and Means Committee released a discussion draft on May 12, 2026 proposing new information reporting requirements for tax-exempt hospitals described under Internal Revenue Code (IRC) Section 501(r)(2). The draft would amend IRC Section 6033 to significantly expand the annual Form 990…