Bloomberg Tax

10/10/2025

Tax pros say a new test meant to fix a clash between Australia’s tax rules and the realities of financing real estate and infrastructure development is too narrow and may hamper investment.

10/09/2025

OBBBA reduces the income tax benefit of claiming a charitable deduction, prompting donors to reconsider tax implications when deciding between making a nondeductible contribution to a social welfare “lobbying” organization or a deductible contribution to a “charity” organization.

10/09/2025

Workers at the IRS sent home during the ongoing government shutdown should await further clarity from the Office of Management and Budget on whether they will get back pay after the standoff ends, the agency said Thursday.

10/09/2025

In hindsight, the telltale signs of trouble were piling up: the Zoom calls where the owner kept his camera off; the angry pushback from his brother when investors asked for invoices to back up their loans; the frequent late payments to suppliers; and the whispers of large off-the-books financing arrangements.

In hindsight, the telltale signs of trouble were piling up: the Zoom calls where the owner kept his camera off; the angry pushback from his brother when investors asked for invoices to back up their loans; the frequent late payments to suppliers; and the whispers of large off-the-books financing arr...

10/09/2025

Opinion: Multinational enterprises in the United Arab Emirates need to start preparing for the rollout of mandatory electronic invoicing and should stay aware of potential changes in the compliance process.

10/09/2025

Opinion: Nonprofit leaders and professionals can’t afford to overlook revenue-generating activities that could subject their organizations to unrelated business income tax.

10/09/2025

Cracks are starting to form in the shield that largely has kept the tax system from scrutiny under new US Supreme Court precedent on when federal monetary penalties require a jury trial.

10/09/2025

Frank Bisignano is in a position to make it easier for data-sharing to occur between agencies—especially between the IRS and the Social Security Administration—now that he’s at the helm of both. Read more at the link in our comments.

10/09/2025

The Trump administration’s effort to move public companies from a quarterly to semiannual financial reporting schedule is poised to shift corporate accountants’ workloads and increase risks that fraud will go undetected. Read more at the link in our comments.

10/09/2025

California has joined 21 other states in revising licensing mandates for accountants, offering a faster route to earn the CPA credential in a move aimed at expanding access to the profession. Read more at the link in our comments.

10/09/2025

The right-leaning Alliance for IRS Accountability, which is gaining traction as the Trump administration cracks down on federal agencies, wants more legal protections for small and large businesses. Read more at the link in our comments.

10/09/2025

Lawmakers and the IRS have long grappled with how to offer free, online tax filing—and what the role of tax preparation software companies should be. Read more at the link in our comments.