The Internal Revenue Service has given churches and other houses of worship the green light to endorse political candidates.
Day: July 8, 2025
In the blogs: It is done
OBBBA and gambling; a billing lesson from bookkeeping; BOI 2.0; and other highlights from our favorite tax bloggers.
Supreme Court lets Trump proceed with broad workforce cuts, including IRS
The U.S. Supreme Court let President Trump move ahead with plans to dramatically reduce the size of the federal government.
IAASB revises auditor fraud standard
The International Auditing and Assurance Standards Board has revised its standard on the auditor’s responsibilities relating to fraud.
CFO optimism dropped in Q2
The number of CFOs who say now is a good time to take greater risks plummeted to 33% in the second quarter, down from 60% in Q1, according to a Deloitte survey.