In the blogs: Viruses are back! "Pied-à-terre" tax; warning shot; Section 122 tariffs; and other highlights from our favorite tax bloggers.
$35B in tariff refunds cleared for importers so far The payments are being processed through a new online government portal and will include interest on duties paid across more than 8 million import entries.
Mamdani scraps property tax hike, counts second-home revenue New York City Mayor Zohran Mamdani has ditched his plan to raise New Yorkers' property taxes, an unpopular measure he threatened to use to help close a deficit.
US sees smaller April budget surplus on lower tax receipts Individual and corporate tax receipts dropped in the wake of President Donald Trump's signature tax cut legislation.
GOP leaders mull gas tax suspension as momentum grows Speaker Mike Johnson called suspending the federal gas tax "an intriguing idea" but didn't commit to a timeline as momentum builds in both chambers to take action.
Organizations lose 5% to fraud each year The median fraud loss per case in the ACFE study was $104,000, but the average loss per case was $1,457,000, while 20% had losses of more than $1 million.
Sorren acquires Maryland firm The Top 50 Firm acquired Owings Mills, Maryland-based Gorfine, Schiller & Gardyn, expanding the firm's Mid-Atlantic presence.
Nichols Cauley acquires Molieri Group The Top 100 Firm acquired a Miami-based firm that specializes in international tax consulting, estate and trust matters, and tax planning.
Citrin Cooperman adds Miami firm The Top 25 Firm acquired Sharff, Wittmer, Kurtz, Jackson & Diaz, expanding its presence in Florida.
The accounting talent crisis is shifting, but most firms haven't noticed Instead of worrying about future hiring needs, it's time for firm leaders to fully understand the major drivers smoothing out the talent crunch.
