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Original articles curated and written by the C&S Finance Group editorial pipeline — updated every few hours.
Senate Committee to Vote on Landmark Crypto Bill Defining SEC, CFTC Roles
WASHINGTON — The Senate Banking Committee is scheduled to hold a critical vote this week on the Digital Asset Market CLARITY Act, a sweeping piece of legislatio…
IRS Grants S Corp Relief in Private Ruling After Missed Trust Elections
WASHINGTON — The Internal Revenue Service has recently granted relief to an S corporation whose passthrough tax status was terminated due to a failure to file t…
IRS Grants Extension for Key Real Estate Business Interest Election in Private Ruling
WASHINGTON — The Internal Revenue Service has granted a 60day extension to a taxpayer who failed to make a timely election to be treated as a real property trad…
Sensor Tower Acquires AppMagic to Launch SMB-Focused Digital Intelligence Platform
Digital economy data provider Sensor Tower announced on May 12, 2026, its acquisition of AppMagic, a mobile app market intelligence service. The deal, for which…
Washington Democrats Dismiss Business Exodus Fears Amid Push for New High-Earner Tax
SEATTLE — As Washington state lawmakers continue to advocate for higher taxes on the wealthy, key Democratic legislators are publicly dismissing concerns from t…
Washington DOR Issues New Guidance Clarifying Tax on Laundry Services
OLYMPIA, Wash. — The Washington Department of Revenue DOR recently issued new guidance clarifying the state’s business and occupation B&O tax and retail sales t…
House Passes Bill to Combat Supply Chain Theft as Industry Urges DOJ Action
WASHINGTON — The U.S. House of Representatives on May 12, 2026, passed the Combating Organized Retail Crime Act CORCA, a bipartisan bill aimed at creating a coo…
US Treasury Sanctions Iranian Oil Networks and Crypto Wallets, Freezing $344 Million
WASHINGTON – The U.S. Department of the Treasury announced a significant expansion of its sanctions against Iran on Friday, April 24, targeting financial networ…
US Businesses Begin Receiving Billions in IEEPA Tariff Refunds After Supreme Court Ruling
WASHINGTON — Businesses across the United States began receiving billions of dollars in federal refunds this week for tariffs that were imposed in 2025 and late…
NYC Mayor Mamdani Scraps Property Tax Hike in Revised Budget, Citing State Aid
NEW YORK — Mayor Zohran Mamdani announced on Tuesday a revised budget for New York City that scraps a controversial proposal to raise property taxes, a plan he…
AT&T Warns FCC Router Ban Clashes With Global Component Shortages
WASHINGTON — AT&T has formally warned the Federal Communications Commission that its recent ban on new foreignmade WiFi routers is creating an immediate conflic…
US Treasury Urges Banks to Flag Iranian Money Laundering via Crypto Networks
WASHINGTON — The U.S. Department of the Treasury has issued a new advisory urging American banks and financial institutions to increase their monitoring for sus…
Anthropic Launches Claude for Small Business to Automate Tasks in QuickBooks and HubSpot
AI safety and research company Anthropic announced on Wednesday the launch of Claude for Small Business, a new service designed to embed artificial intelligence…
Illinois Home Repair Firm Sued by State and Federal Regulators Over Impersonation Scam
CHICAGO — An Illinoisbased home repair company is facing coordinated legal action from two state attorneys general and the Federal Trade Commission over an alle…
Trump Administration Weighs Ban on Chinese Cellular Modules, Escalating Tech Crackdown
The Trump administration is reportedly considering a ban on Chinesemade cellular modules, a move that would significantly expand the Federal Communications Comm…
NYC Mayor Mamdani Scraps 9.5% Property Tax Hike in Revised $124.7 Billion Budget
New York City Mayor Zohran Mamdani on Tuesday abandoned a controversial proposal to raise property taxes by nearly 10%, unveiling a revised $124.7 billion execu…
Credibly Secures Over $260 Million in New Financing to Expand SMB Lending Operations
DETROIT – Fintech lender Credibly announced on May 12, 2026, that it has secured over $260 million in new financing, a move designed to strengthen its capital b…
Federal Circuit Affirms That 'Exceptional Case' Fee Awards Do Not Cover IPR Costs
WASHINGTON — The U.S. Court of Appeals for the Federal Circuit CAFC in a ruling this week reiterated that a provision allowing for the recovery of attorney fees…
Chevin Confirms Data Breach in FleetWave System, Exposing Customer Payroll and Operational Data
Chevin Fleet Solutions, the provider of the widely used FleetWave management software, confirmed in a May 12 announcement to customers that a recent system outa…
Goldman Sachs Alternatives Acquires FGI Worldwide in Specialty Finance Push
NEW YORK – The Private Equity business within Goldman Sachs Alternatives recently announced it has acquired FGI Worldwide LLC, a provider of working capital fin…
Kentucky Cuts Diesel Tax by 10 Cents Amid Trucking Industry Opposition to Federal Suspension
FRANKFORT, KY – The state of Kentucky recently implemented a 10cent reduction in its diesel fuel tax, offering a measure of relief to commercial vehicle operato…
Trump Proposes Federal Gas Tax Suspension Amid Rising Fuel Prices
Former President Donald Trump on Monday called for a temporary suspension of the 18centpergallon federal gasoline tax, a proposal aimed at providing financial r…
Supreme Court Rules IRS Can Summon Third-Party Records Without Notice in Collection Cases
WASHINGTON — The Supreme Court of the United States ruled on May 18, 2023, that the Internal Revenue Service is not required to provide notice to individuals or…
Georgia Amends Sales Tax on Manufactured Homes, Introducing New Exemption and Penalties
ATLANTA – Georgia has enacted a new law that significantly alters the sales tax treatment of manufactured homes, expanding an existing exemption while introduci…
New York to Join Federal School Choice Tax Credit Program, Gov. Hochul Announces
ALBANY, N.Y. — In a significant policy shift that breaks with longstanding party opposition, New York Governor Kathy Hochul announced this week her intention to…
New GhostLock Tool Abuses Windows API to Block File Access, Posing Major Operational Risk
A security researcher has released a proofofconcept tool named GhostLock that demonstrates how a legitimate Windows function can be abused to block access to fi…
RubyGems Halts New User Signups After Influx of Malicious Code
RubyGems, the official package manager for the popular Ruby programming language, suspended all new user signups this week following a major security incident w…
Google Confirms Hackers Used AI to Develop Zero-Day Exploit to Bypass 2FA
Google’s Threat Intelligence Group announced on May 11 that it has discovered the first confirmed instance of a cybercrime group using artificial intelligence t…
CN Urges Regulators to Reject Amended Union Pacific-Norfolk Southern Merger Application
MONTREAL — Canadian National Railway CN on May 11, 2026, filed formal comments with the U.S. Surface Transportation Board STB, arguing that the amended merger a…
Taxpayers Urged to File for COVID-Era Penalty Refunds Amid Legal Dispute with IRS
WASHINGTON — The National Taxpayer Advocate Service is urging millions of individuals and businesses to review their eligibility for refunds on penalties assess…
Florida Homeowner Fined $1,000 by HOA in Dispute Over Home-Based LLC
A Florida homeowner was recently fined $1,000 by his homeowners association after the board accused him of improperly operating a limited liability company from…
Colorado Senate Passes Bill to Regulate AI Chatbots, Adding to Patchwork of State-Level Rules
DENVER — The Colorado Senate on May 11 approved a bill that would impose new regulations on artificial intelligencepowered chatbots, sending the measure to the…
Trump Administration Policies on Federal Contracts Endanger Tribal Businesses, New Report Warns
WASHINGTON – A new report released on May 13, 2025, by the National Center for American Indian Enterprise Development NCAIED details the significant and detrime…
Oregon Gas Tax Hike Referendum Moved to May Primary, Sparking Political Fight
SALEM, Ore. — Oregon voters will now decide the fate of a controversial package of transportation tax and fee increases in the May 2026 primary, after state Dem…
Hercules Capital Faces Class Action Lawsuit Over Alleged Investor Deception
NEW YORK — A securities class action lawsuit has been filed against Hercules Capital, Inc. NYSE: HTGC, a prominent business development company, alleging that i…
Trump Calls for Federal Gas Tax Suspension Amid Surging Fuel Prices, Puts Onus on Congress
WASHINGTON — President Donald Trump announced on Monday, May 11, 2026, that he will move to suspend the federal gasoline tax in an effort to provide relief to A…
Saluda County Voters May Decide on Renewal of 1% Sales Tax This November
Saluda County officials are considering placing a measure on the November ballot that would ask voters to renew a one percent local sales tax. If approved, the…
French Tech Firm Fairly Made Launches U.S. Operations With New York Office and North American Director
French supply chain traceability platform Fairly Made announced on May 11 its official expansion into the United States, marked by the opening of a New York off…
Cook County Found Liable for Unconstitutional Property Tax Sale System, Judge Rules
CHICAGO — A federal judge ruled Monday that Cook County is liable for damages in a classaction lawsuit over its property taxsale system, a practice that has str…
Oregon Accelerates Vote on Gas Tax Repeal to May Primary Amid Surging Fuel Prices
On March 2, 2026, Oregon Governor Tina Kotek signed a bill moving a public referendum on a proposed gas tax increase from the November general election to the M…
Trump Proposes Federal Gas Tax Suspension as Iran Conflict Pushes Prices Higher
WASHINGTON – President Donald Trump announced on Monday he will seek a temporary suspension of the federal gas tax, a move aimed at providing relief to American…
Coursera Finalizes $2.5 Billion Udemy Merger to Create AI Skills Training Giant
MOUNTAIN VIEW, Calif. — Coursera Inc. announced on May 11, 2026, that it has completed its allstock merger with Udemy, Inc., finalizing a $2.5 billion deal that…
Amazon Launches Supply Chain Services for All Businesses, Challenging Logistics Incumbents
In a significant move poised to reshape the logistics industry, Amazon announced in early May 2026 that it is opening its vast shipping and fulfillment network…
New York Appellate Court Upholds Income Tax Rule for Out-of-State Online Sellers
A New York appellate court has upheld a state regulation that expands corporate income tax obligations to outofstate ecommerce businesses based on their online…
LA Firefighters Use Personal Funds to Campaign for Sales Tax Hike After 2025 Wildfires
LOS ANGELES — In an unprecedented move this month, members of the Los Angeles Fire Department have begun using their own money to finance a public campaign for…
New Open-Source Tool Released to Track Federal CDFI Program Awards and Compliance
A new software package was released this month providing developers, researchers, and financial institutions with a new way to programmatically access and monit…
Trump Administration Signals Openness to Federal Gas Tax Suspension Amid High Fuel Prices
WASHINGTON — The Trump administration on Sunday signaled it is open to suspending the 18.4centpergallon federal gasoline tax as part of a broader effort to comb…
Oregon Legislature Shifts Gas Tax Vote to May Primary as Fuel Costs Climb
Oregon House Democrats voted on March 2 to move a contentious referendum on state gas tax and vehicle fee increases from the November general election to the up…
New Software Tool Launches to Automate Wyoming DAO LLC Formation
A new software package designed to automate the legal formation of Decentralized Autonomous Organizations DAOs in Wyoming was released on May 9, 2026. The tool,…
Hawaii Legislature Preserves Income Tax Cuts, Rejecting Governor's Repeal Proposal
HONOLULU — The Hawaii state legislature concluded its 2026 session on Friday, passing a final budget and a series of bills that preserve a landmark package of i…
Trump Administration Grants Clean Air Act Exemptions to Over 180 Facilities Via Email
WASHINGTON — The Trump administration in March 2025 instituted a new process that allows industrial facilities to gain a twoyear exemption from key Clean Air Ac…
NYC Mayor's Tax Day Video Targeting Billionaire Ken Griffin Sparks Business Backlash
A Tax Day video posted by New York City Mayor Zohran Mamdani on April 15 has ignited a fierce backlash from the business community, prompting fears of an accele…
Employee Fired After One Week Following Payroll Inquiry, Highlighting Process Risks
An employee at a U.S. company was terminated just one week into a new job this year after notifying a payroll contact about a missing day’s wages. The incident,…
Aluminum Supply Shock From Mideast Conflict Sparks Diet Coke Shortage in India
A severe shortage of Diet Coke has hit consumers across India in recent weeks, a direct consequence of a global aluminum supply crunch triggered by geopolitical…
Strait of Hormuz Shipping Plummets 70% Amid US-Iran Hostilities, Roiling Asian Markets
A military confrontation between the United States and Iran that escalated in late February has severely disrupted commercial shipping through the Strait of Hor…
Oregon Moves Gas Tax Repeal Vote to May Primary Amid Surging Fuel Prices
SALEM, Ore. — Oregon Governor Tina Kotek on March 2 signed into law a bill that moves a contentious voter referendum on a gas tax increase from the November gen…
Trump Administration Announces Plan to Repeal Coal Ash Protections
WASHINGTON — The Trump administration announced plans in April 2026 to dismantle critical public health protections against toxic coal ash, a move that environm…
Trump Administration Weighs Federal Gas Tax Suspension to Curb Surging Fuel Prices
WASHINGTON — The Trump administration is considering a temporary suspension of the 18.4centpergallon federal gas tax, Energy Secretary Chris Wright said Sunday,…
California Tax Ruling Confirms Fraud Can Reopen Long-Closed Tax Years for Businesses
A recent ruling by the California Office of Tax Appeals OTA has affirmed the state’s power to bypass the standard threeyear statute of limitations in sales tax…
New Mexico Solar Market Contracts Sharply as Permit Applications Fall, Forcing Installers to Adapt
New Mexico’s residential solar industry is grappling with a harsh new reality after a sharp market contraction in early 2024, spurred by the loss of a key tax i…
Louisiana Voters to Decide on Amendment Allowing Parishes to Eliminate Business Inventory Tax
BATON ROUGE, La. — Louisiana voters are set to decide on a constitutional amendment this month that would grant local governments the authority to reduce or com…
Pennsylvania Sues Character.AI Over Chatbots Allegedly Impersonating Doctors
Pennsylvania's Department of State filed a lawsuit against Character Technologies, Inc. on May 9, 2026, accusing the company behind the popular Character.AI pla…
New Jersey Lawmakers Propose Temporary Tax Surcharges to Fund 2026 World Cup
TRENTON, N.J. — New Jersey lawmakers have introduced legislation that would impose a series of temporary tax surcharges on sports betting, hotels, retail sales,…
New IRS Notices Seeking Bank Data for Refunds Spark Widespread Confusion and Scam Warnings
WASHINGTON — A recent wave of official notices from the Internal Revenue Service asking taxpayers for their bank account information has triggered widespread co…
Sun Country and Allegiant Shareholders Approve $1.5 Billion Merger
Shareholders of both Sun Country Airlines Holdings, Inc. and Allegiant Travel Company voted overwhelmingly on May 8, 2026, to approve a planned $1.5 billion mer…
Expert Reveals US Industry Faces Crisis Within Six Weeks of a Chinese Rare Earth Cutoff
An industry expert, speaking on the TechSurge Deep Tech Podcast this week, delivered a stark assessment of American industrial vulnerability, revealing that pre…
San Jose Officials Warn of Deep Service Cuts if Hotel Tax Hike Fails
SAN JOSE, Calif. – City officials in San Jose issued stark warnings this week that deep cuts to core public services, including public safety and libraries, are…
Braintrust Breach Forces API Key Rotation, Spotlighting AI Supply Chain Vulnerabilities
SAN FRANCISCO – The AI evaluation startup Braintrust confirmed in early May that it had suffered a security breach, forcing a mandatory rotation of sensitive cr…
Anxiety Over 2032 Social Security Shortfall Drives Surge in Early Claims, New Survey Shows
A recent survey has quantified a growing sense of anxiety among American workers and retirees over the future of Social Security, as projections show the progra…
AI Demand Surge Creates Structural Semiconductor Shortage, Straining Global Supply Chains
A massive surge in demand for artificial intelligence hardware has triggered a structural shortage in the global semiconductor market, creating significant prod…
US Sanctions Chinese and Hong Kong Firms for Aiding Iran's Weapons Programs
WASHINGTON — The U.S. Department of the Treasury on Friday imposed sanctions on 10 individuals and companies, including several based in China and Hong Kong, ac…
Forest Lake Considers Half-Percent Sales Tax for $40 Million Public Works Facility
The city of Forest Lake, Minnesota, is exploring a proposal to introduce a new halfpercent local sales tax to fund the construction of a new $40 million public…
Charleston County Advances $4.25 Billion Transportation Sales Tax Proposal for November Ballot
CHARLESTON, S.C. — The Charleston County Council in April 2026 advanced a revised proposal for a halfcent transportation sales tax TST referendum, moving the me…
Former CFO of Pinky Cole's Bar Vegan Indicted on Theft, Forgery Charges
ATLANTA — The former chief financial officer for Bar Vegan, a nowclosed restaurant associated with Slutty Vegan founder and reality television personality Aisha…
Oregon Lawmakers Resist Calls to Tap Education Reserve Fund Amid School Budget Crises
SALEM, OR — Oregon legislative leaders and Governor Tina Kotek are holding firm against growing pressure from school districts and education advocates to tap th…
San Francisco Office of Small Business to Host Free 'Starting a Business' Event on May 8, 2026
San Francisco's Office of Small Business is set to host a free educational event, "Starting a Business in San Francisco," on Friday, May 8, 2026. The presentati…
California Business Coalition Urges CIPA Reform During Small Business Month to Curb Website Lawsuits
SACRAMENTO — A broad coalition of California businesses and organizations is using May’s Small Business Month to intensify its campaign for legislative reform,…
Solar Installers Shun U.S. Factories With Chinese Ties Amid New Subsidy Rules
Top U.S. solar companies, banks, and insurers have begun shunning at least a halfdozen newly built American solar panel factories over concerns that their links…
Washington House Passes Income Tax on High Earners, Moving State Closer to Historic Policy Shift
OLYMPIA, WA — The Washington state House of Representatives on March 10 passed a landmark bill to establish a statewide income tax on individuals and households…
California Voters to Decide on Wealth Tax After Initiative Qualifies for November Ballot
SACRAMENTO — An initiative to impose a new wealth tax on California’s richest residents has officially qualified for the November 2026 ballot after its main bac…
Kraken Parent Payward Files for National Trust Bank Charter With OCC
Payward, Inc., the parent company of cryptocurrency exchange Kraken, has filed an application with the Office of the Comptroller of the Currency OCC to create a…
Newsom Rejects Gas Tax Holiday as California Fuel Prices Approach Record Highs
SACRAMENTO — California Governor Gavin Newsom on Friday firmly rejected calls for a state gas tax holiday, dismissing the idea as fuel prices across the state s…
San Francisco Voters to Decide Between Dueling Business Tax Measures in June Election
SAN FRANCISCO — Voters in San Francisco will decide the fate of two competing business tax measures on the June 2 ballot, Propositions C and D, setting up a hig…
Television Academy Backs California Bill Proposing New Tax Credits for Post-Production Work
The Television Academy has officially endorsed Assembly Bill 2319, a California legislative proposal aimed at creating a standalone tax credit for the state's s…
New Jersey Lawmakers Propose Tax Breaks to Rescue State's Struggling Diners
TRENTON, N.J. – In response to a wave of closures among New Jersey's iconic diners, a group of Democratic state lawmakers in early May 2026 proposed new legisla…
NexTier to Acquire Riverside Bank of Dublin, Creating $3.1 Billion Community Bank
BUTLER, Pa. — NexTier, Inc., the parent company of NexTier Bank, N.A., and Riverside Bank of Dublin announced on May 8, 2026, that they have entered into a defi…
New Jersey Bill Advances to Mandate School Funding from PILOT Tax Breaks
TRENTON, N.J. – A bill that would fundamentally alter how tax revenue from major development projects is distributed has advanced in the New Jersey Legislature,…
Trump Signs Major Tax Overhaul Into Law, Cementing Business Cuts and Easing Reporting Rules
WASHINGTON – President Trump signed the “One Big Beautiful Bill Act” OBBBA into law on July 4, 2025, enacting a sweeping tax overhaul that makes many of the 201…
Instead Gains Full US Government Approval for AI Tax Platform, Challenging Legacy Systems
NEW YORK — The AInative tax platform Instead announced on May 8, 2026, that it has become the first new tax preparation system in decades to achieve 100% efile…
MSPAlliance Launches 'Service Lines' in Cyber Verify to Streamline Compliance Reporting
LAS VEGAS — MSPAlliance, a global industry association for managed service providers, announced on May 8, 2026, the launch of a new capability within its Cyber…
Jonomor Launches MyPropOps Platform Using NVIDIA AI to Address HUD Audit Demands
NEW YORK – Jonomor, an artificial intelligence development firm, announced on May 8, 2026, the launch of MyPropOps, a new software platform designed to help pro…
California Employers Face Steep Payroll Tax Increase to Cover State's $20 Billion Unpaid UI Debt
California employers are now facing a significant and escalating federal payroll tax hike, a direct consequence of the state's failure to repay a roughly $20 bi…
Federal Court Rules Trump's 10% Global Tariff Unlawful as Data Shows Manufacturing Decline
A panel of federal judges at the U.S. Court of International Trade on Thursday, May 7, 2026, ruled that the Trump administration’s broad 10% tariff on most impo…
Maine and Oregon Eliminate State Tax Break for Qualified Small Business Stock
Maine and Oregon have enacted new laws that eliminate a significant statelevel tax break for startup founders and investors, requiring them to pay income tax on…
Tax Court Upholds 40% Penalty in Microcaptive Case, Citing Lack of Economic Substance
WASHINGTON — The U.S. Tax Court issued a significant ruling against a taxpayer's microcaptive insurance arrangement on November 12, 2025, sustaining a steep 40…
Nebraska Commission Reverses Douglas County, Cuts Commercial Property Valuation by 42%
LINCOLN, Neb. — The Nebraska Tax Equalization and Review Commission on May 6, 2025, reversed a decision by the Douglas County Board of Equalization, slashing th…
Colorado DOR Ruling Clarifies Local Sales Tax Sourcing for Motor Vehicle Lease Payments
DENVER — The Colorado Department of Revenue DOR has issued a Private Letter Ruling that provides critical clarification for motor vehicle dealers on how to sour…
Florida Court Issues Permanent Injunction Against Tax Preparer for Fraudulent Returns
A U.S. District Court has issued a permanent injunction against a Floridabased tax preparer and their associated business after granting a default judgment in a…
Los Angeles Councilmember Proposes Ballot Measure for New Tax on Private Golf Courses
LOS ANGELES – City Councilmember Adrin Nazarian introduced a motion on Friday seeking to place a measure on the November ballot that would impose a significant…
IRS Weighs Non-Discrimination Rules, Trustee Choice in Crafting Trump Account Guidance
WASHINGTON — The Internal Revenue Service is actively developing regulations for the new taxadvantaged “Trump Accounts,” with officials detailing key factors un…
US Trade Court Rules Trump’s 10% Global Import Tariff Unlawful
NEW YORK — The U.S. Court of International Trade on Thursday ruled that President Donald Trump’s 10% global import tariff is unlawful, delivering a significant…
IRS Gathers Feedback After Digital Filing Mandate for Multiemployer Plans Sparks Confusion
WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service are fielding feedback from plan administrators and actuaries following the man…
DeSantis Pushes for Summer Special Session on Florida Property Tax Elimination Plan
TALLAHASSEE, FL — Florida Governor Ron DeSantis announced in late April that he will call the state legislature back for a special session this summer to consid…
Treasury Seeks Public Comment on New Bonus Depreciation Rules for Production Property
WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service have announced they are seeking public comments on forthcoming regulations tha…
AWS Marketplace Launches New Portal to Streamline Seller Tax Management
Amazon Web Services in May 2026 launched a new Tax management portal for sellers on its AWS Marketplace, aiming to simplify tax compliance and document retrieva…
DOJ Antitrust Chief Warns Dealmakers Against Misleading AI Claims in Merger Reviews
WASHINGTON — The U.S. Department of Justice’s antitrust chief issued a direct warning to corporate dealmakers on Thursday, stating that the agency will not acce…
Ford, GM and Philips Seek Billions in Tariff Refunds After Supreme Court Ruling
A growing number of major U.S. and multinational corporations, including Ford, General Motors, Philips, and Pandora, announced this week they will seek billions…
New York Proposes Eliminating State Tax on First $25,000 of Tip Income
ALBANY, N.Y. — Governor Kathy Hochul announced a proposal on January 1, 2026, to eliminate New York State income taxes on the first $25,000 of tipped income, a…
US and 18 Allied Nations Agree to Keep Digital Trade Duty-Free
WASHINGTON — The United States and 18 allied nations have formalized an agreement to not impose customs duties on crossborder electronic transmissions, a move t…
Colorado Legislature Passes Bill to Ban Swipe Fees on Sales Tax, Sending Measure to Governor
DENVER — The Colorado General Assembly gave its final approval on May 6 to a bipartisan bill that would prohibit credit and debit card networks from charging in…
Milwaukee Business Owner Charged in $2.4 Million Medicaid and PPP Fraud Scheme
A Milwaukee business owner was charged in early May with multiple felonies after prosecutors accused her of orchestrating a multiyear scheme to defraud Wisconsi…
New York's $268 Billion Budget Deal Introduces Surcharge on High-Value Second Homes
ALBANY, N.Y. — New York Governor Kathy Hochul announced on Thursday that state leaders have reached a tentative agreement on a $268 billion state budget, a deal…
Illinois Manufacturer Voyant Beauty to Pay $625,000 to Settle No-Poach Allegations
Illinois manufacturing company Vee Pak LLC, which operates as Voyant Beauty, will pay a $625,000 settlement to resolve allegations that it engaged in illegal no…
Flowspace Launches Omnichannel Fulfillment Solution to Unify DTC, Retail, and Wholesale Operations
LOS ANGELES — Logistics platform Flowspace recently announced the launch of its B2B Retail Fulfillment Solution, a new offering designed to give brands a single…
Boston Restaurant Operator Briar Group Faces $393,000 Federal Tax Lien
BOSTON — The Briar Group LLC, a prominent restaurant operator with 10 wellknown bars and eateries across Greater Boston, has been hit with a federal tax lien fo…
Spirit Airlines Ceases Operations, Igniting Debate Over Blocked Merger and Business Model Failures
Spirit Airlines, the ultralowcost carrier known for its nofrills service, ceased operations over the weekend after the Federal Aviation Administration issued a…
Ex-DOJ Lawyer in JetBlue Case Lays Out New Antitrust Reality for Airlines
A former Department of Justice attorney who litigated the government’s successful challenge to the JetBlueSpirit merger has outlined the future of antitrust enf…
Oakland Voters to Decide on Measure C Tax Holiday for Small Businesses
OAKLAND, Calif. — Voters in Oakland will decide in the June 2 primary election whether to approve Measure C, a ballot initiative that would grant a oneyear tax…
OpenAI Opens Self-Serve ChatGPT Ad Platform to All U.S. Businesses
OpenAI announced this week the launch of its selfserve Ads Manager in beta for all advertisers in the United States, a significant expansion of the advertising…
Kentucky DOI Posts 2026-2027 Local Premium Tax Schedule, Detailing Rates for Over 400 Jurisdictions
The Kentucky Department of Insurance DOI recently published the local government premium tax schedule for the 20262027 fiscal year, providing crucial details on…
California Ballot Measure to Reinstate Two-Thirds Vote for Local Taxes Qualifies for November Election
A new ballot initiative aimed at significantly tightening the rules for local tax increases in California has officially qualified for the November 3 general el…
Colorado Enacts Sales Tax Exemption for Destination Management Company Fees
DENVER — Colorado has enacted a new law creating a sales and use tax exemption for fees charged by destination management companies, a move that clarifies a lon…
NewsBreak Launches 'SPOTLIGHTS' Program to Help Small Businesses Reach Local Customers
Local news aggregator NewsBreak announced on May 6, 2026, the launch of SPOTLIGHTS, a new program designed to help small and midsized businesses create feature…
DoorDash Budgets $100 Million for Driver Gas Relief in First Half of 2026
SAN FRANCISCO – DoorDash announced during its firstquarter earnings call on Wednesday that it is budgeting $100 million for driver gas benefits in the first hal…
Maine Revenue Services Issues Updated Guidance on Tax Residency Safe Harbors
AUGUSTA, Maine — Maine Revenue Services MRS has released updated guidance clarifying the state’s “safe harbor” provisions, which allow certain individuals domic…
Shreya Acquisition Group Prices $100 Million IPO Targeting Hospitality and Wellness
NEW YORK — Shreya Acquisition Group, a newly formed special purpose acquisition company, announced on May 6, 2026, that it has priced its initial public offerin…
AWS Releases Compliance Guide for ISO 42001 AI Management Standard
Amazon Web Services on May 6 released a new compliance guide to help organizations implement the ISO/IEC 42001:2023 standard for Artificial Intelligence Managem…
Fed Officials Warn of Persistent Inflation as War-Related Supply Chain Risks Mount
WASHINGTON — Federal Reserve officials on Wednesday, May 6, signaled growing concern that persistent supply chain pressures, intensified by the ongoing U.S.back…
Luraco Secures Medicare Approval for Medical Massage Chairs in Major Regulatory Milestone
ARLINGTON, Texas — Luraco Health & Beauty LLC announced on May 6, 2026, that it has secured Medicare approval and official status as a Durable Medical Equipment…
JCB Flavors Recalls Seasonings for Salmonella Risk, Triggering Downstream Snack Food Recalls
Watertown, Wisconsinbased JCB Flavors, LLC has issued a voluntary recall for several of its topical seasoning products due to potential contamination with Salmo…
IRS Expands Private Letter Ruling Program for Major Corporate Transactions
The Internal Revenue Service has significantly expanded the scope of its private letter ruling program, a move announced in early 2024 that reverses a longstand…
ShinyHunters Claims Breach of Instructure and Vimeo, Exposing Data of Millions
The financially motivated extortion group ShinyHunters has claimed responsibility for a pair of significant data breaches in late April and early May, targeting…
Griffin Gaming Partners Launches $100 Million Fund for Independent Game Developers
Venture capital firm Griffin Gaming Partners announced on May 7, 2026, the launch of a $100 million fund aimed at financing independent video game studios. The…
Missouri Senate Panel Rejects Bill to Legalize Video Gambling Machines
JEFFERSON CITY, Mo. – A Missouri Senate committee on Wednesday decisively rejected a bill that would have legalized and regulated thousands of slot machinelike…
LCPtracker Pro Achieves FedRAMP Certification, Bolstering Security for Federal Prevailing Wage Compliance
LCPtracker, Inc., a prominent provider of prevailing wage and labor compliance solutions, announced on May 6, 2026, that its flagship product, LCPtracker Pro, h…
US Government Shifts to Pre-Release AI Vetting Policy Amid National Security Concerns
WASHINGTON — The U.S. government is executing a significant policy shift toward preverification of new artificial intelligence models, a move driven by national…
Indiana Governor Suspends All State Gas Taxes for 30 Days Amid Surging Prices
INDIANAPOLIS — Indiana Governor Mike Braun announced on Wednesday, May 6, that he is suspending both the state’s gasoline sales tax and its gas excise tax for 3…
Daemon Tools Software Compromised in Supply Chain Attack Distributing Backdoors Since April
Cybersecurity researchers at Kaspersky have uncovered a sophisticated supply chain attack that compromised the official website for Daemon Tools, a popular Wind…
CookieHub Launches DSAR Management Platform to Aid SMEs with GDPR and U.S. Privacy Compliance
CookieHub, a prominent consent management platform, announced on May 6, 2026, the launch of its new DSAR Management Platform, specifically designed to simplify…
NY Fed Index Shows Supply Chain Strain at Highest Level Since July 2022
Global supply chain pressures surged in April to their highest level in 21 months, driven by geopolitical conflicts that are complicating the international move…
California Appeals Court Rejects State's 'Unitary Business' Tax Theory for Remote Professionals
SAN FRANCISCO – A California appellate court on May 1 delivered a significant victory for remote workers and independent contractors, ruling that a Texasbased r…
Taxpayers Face July 10 Deadline to File for Potential COVID-Era IRS Refunds
WASHINGTON — Millions of American taxpayers, including small and midsized businesses, have until July 10, 2026, to file a special claim with the Internal Revenu…
New Jersey Congressman Proposes 25% Tax Credit for Local Merchandise Sales Ahead of World Cup
NEWARK, N.J. — U.S. Representative Josh Gottheimer on Monday, April 27, 2026, introduced new federal legislation aimed at promoting the sale of New Jerseybrande…
Daemon Tools Software Compromised in Monthlong Supply-Chain Attack
Security researchers have discovered that Daemon Tools, a widely used Windows application for mounting virtual disk images, was compromised in a sophisticated s…
Social Security Wage Base Rises to $184,500 for 2026, Increasing Payroll Taxes for High Earners
WASHINGTON — The Social Security Administration has announced that the maximum amount of earnings subject to Social Security tax will increase to $184,500 in 20…
Over 900 U.S. Health Facilities at Risk of Closure Following 2025 Healthcare Cuts
An advocacy group announced this week that at least 900 hospitals, nursing homes, and other healthcare facilities across the United States are now shutting down…
US Moves to Ease Memory Chip Shortage With International Supply Chain Coalition
LOS ANGELES — The Trump administration is actively working with a coalition of allied nations to address a deepening global shortage of memory chips, a critical…
FCC Votes to Ban All Chinese Labs From Certifying US-Bound Electronics
WASHINGTON — The Federal Communications Commission voted unanimously in late April to advance a proposal that would ban all testing laboratories in China and Ho…
Maryland Appellate Court Affirms Tax Sale Reversal Due to Honest Payment Mistake
The Maryland Appellate Court, in a decision rendered on April 29, 2026, affirmed a circuit court's judgment to vacate the sale of a taxpayer's property at a tax…
Nebraska Governor Enacts Law Tightening Foreign Adversary Tax Incentive Restrictions
LINCOLN, NE – Nebraska Governor Jim Pillen signed Legislative Bill 1096 LB 1096 into law on April 16, 2026, enacting the Preventing Lethal Agricultural and Nati…
Illinois Progressives Tie Social Service Tax Hikes to Bears Stadium Deal in Legislative Showdown
SPRINGFIELD, IL – As the Illinois spring legislative session advances, a highstakes battle is intensifying between progressive lawmakers demanding new taxes on…
Ascension Parish Expands Free Training Program to Prepare Small Businesses for Industrial Contracts
GONZALES, La. – The Microbusiness Enterprise Corporation of Ascension MBECA is expanding a free training and certification program aimed at helping local small…
CBS Hit 'Tracker' Relocates to California, Lured by Record $48 Million State Tax Credit
LOS ANGELES — The CBS hit drama “Tracker” will relocate its production from Vancouver, Canada, to Los Angeles for its upcoming fourth season, secured by a recor…
Data Storage Makers Shift to 5-Year Contracts Amid AI Demand, Squeezing Smaller Buyers
A seismic shift is underway in the data storage market, as leading manufacturers like Seagate and Western Digital have begun locking customers into longterm sup…
California and New York Residency Audits Spark Outcry Amid Taxpayer Exodus
A recent wave of social media outrage has drawn national attention to the stringent residency audit requirements imposed by hightax states like California and N…
Amazon Launches Supply Chain Services, Opening Logistics Network to All Businesses
SEATTLE — Amazon announced this week it is opening its vast logistics and fulfillment network to all businesses, a significant move that positions the ecommerce…
IRS Extends Washington State Disaster Tax Deadline to August 15, 2026
WASHINGTON — The Internal Revenue Service has once again extended tax relief for individuals and businesses in parts of Washington state affected by severe weat…
San Diego County Sales Tax Hike for Pollution, Social Services Nears November Ballot After Signature Submission
SAN DIEGO — A coalition of labor unions, healthcare workers, and community advocates on Monday submitted more than 151,000 signatures to place a halfcent sales…
Long Lake to Acquire Amex Global Business Travel for $6.3 Billion in AI-Focused Deal
Investment and technology firm Long Lake announced on Monday, May 4, that it has agreed to acquire American Express Global Business Travel Amex GBT in a $6.3 bi…
GameStop Makes $56 Billion Unsolicited Bid for eBay to Build Collectibles Giant
GameStop Corp. launched an unsolicited bid to acquire eBay Inc. for approximately $55.5 billion on Sunday, May 3, 2026, a bold move by the video game retailer t…
Point Broadband and Clearwave Fiber Close Merger, Creating Major Independent Fiber Operator
Point Broadband and Clearwave Fiber announced on May 4, 2026, the successful completion of their merger, creating one of the largest independent fibertothepremi…
Penske Logistics Launches Platform to Unify Supply Chain Data and Enhance Real-Time Visibility
Penske Logistics announced this week the launch of Supply Chain Insight, a new secure technology platform and mobile application designed to provide its custome…
Arkansas Lawmakers Advance Bills to Cut Top Individual and Corporate Income Tax Rates
LITTLE ROCK, Ark. — Legislative committees in both the Arkansas Senate and House of Representatives on Monday approved identical bills aimed at cutting the stat…
GameStop Makes Surprise $55.5 Billion Takeover Bid for eBay
Video game retailer GameStop Corp. on Sunday announced a surprise $55.5 billion unsolicited offer to acquire ecommerce giant eBay Inc., a bold move that would u…
Amazon Launches Supply Chain Services, Opening Logistics Network to All Businesses
Amazon announced on May 4 the launch of Amazon Supply Chain Services ASCS, a new initiative that opens its vast logistics and fulfillment network to businesses…
Colorado House Passes Bills to Sever Ties With Federal Tax Cuts, Fund Family Credit
DENVER — The Colorado House of Representatives passed a package of bills Monday that would decouple the state’s tax code from several major corporate tax breaks…
Dutch Consultant Owes California Tax on In-State Work, Appeals Board Rules
SACRAMENTO, Calif. — A consultant residing in the Netherlands who performed work for construction projects in California is liable for state franchise tax on th…
US Designates Silver a Critical Mineral, Citing National Security Risks
WASHINGTON — The U.S. government has officially reclassified silver as a critical mineral, a landmark policy shift that recasts the metal as a strategic asset e…
NYC Mayor Proposes Slashing Pass-Through Business Tax Credit to Raise Revenue
New York City Mayor Zohran Mamdani is pushing to significantly scale back a key business tax credit as part of a contentious effort to close the city's budget g…
West Virginia Adopts Final Rule for High-Wage Growth Business Tax Credit
CHARLESTON, W.Va. — The West Virginia State Tax Department has adopted a final regulation implementing the state’s HighWage Growth Business Tax Credit, formaliz…
Virginia Lawmakers' Push for Gym Membership Tax Fails After Sparking Business Backlash
RICHMOND, Va. – A series of controversial proposals introduced by Democratic lawmakers in the Virginia General Assembly, which would have extended the state’s s…
Taxpayers Face Confusion as Fraudulent IRS Refund Letters Circulate
WASHINGTON — The Internal Revenue Service is cautioning taxpayers to be on high alert for fraudulent versions of a legitimate tax notice, the CP53E, which is ca…
Wisconsin Issues Updated Sales Tax Guidance for Schools, Clarifying Rules on Digital Goods and Contractors
The Wisconsin Department of Revenue on April 30, 2026, published updated sales and use tax guidance for elementary and secondary schools, clarifying complex rul…
NAIOP Poll Finds Over Half of Commercial Property Owners Face Assessment Hikes Above 10%
A new poll released by the New Mexico chapter of NAIOP, the Commercial Real Estate Development Association, reveals a significant financial pressure point for b…
FCC Bans New Foreign-Made Drones, Citing National Security Risks
WASHINGTON – The Federal Communications Commission on December 23, 2025, banned the import and sale of all new drones manufactured by foreign companies, a sweep…
Nebraska Lawmakers Weigh Wholesale Gas Tax Hike to Boost Municipal Aid
LINCOLN, NE — The Nebraska Legislature’s Revenue Committee on August 2, 2024, held discussions on a proposal to modify the state's wholesale gasoline tax as a m…
Trump Approves Presidential Permit for 'Keystone Light' Oil Pipeline
WASHINGTON – President Donald Trump on May 1, 2026, signed a presidential permit authorizing Bridger Pipeline LLC to construct and operate a major new oil pipel…
Trump Approves Bridger Pipeline Expansion, Reviving Major Canada-U.S. Oil Link
President Donald Trump has signed a permit authorizing the Bridger Pipeline Expansion, a major new oil pipeline to transport Canadian crude into the United Stat…
GameStop Reportedly Prepares Bid to Acquire eBay in Push for $100 Billion Valuation
GameStop Corp. is reportedly preparing a takeover bid for ecommerce giant eBay Inc., a move that would represent a dramatic pivot for the video game retailer as…
New House Tax Provision Sparks Concern Over Higher Costs for Foreign-Owned US Firms
WASHINGTON — A new international tax enforcement measure approved by the House Ways and Means Committee on May 14, 2025, is raising significant concerns among f…
DC Appeals Court Ruling on Business Contract Hinges on a Single Comma
WASHINGTON — The District of Columbia Court of Appeals issued a ruling on May 1, 2026, that resolved a significant business contract dispute based on the placem…
IRS Issues Temporary Crypto Tax Relief That May Create Reporting Discrepancies in 2025
WASHINGTON — The Internal Revenue Service has finalized sweeping new tax reporting regulations for digital assets and, in a related move, issued temporary relie…
U.S. Small Business Administration to Host Free Virtual Business Education Summit May 5-6
The U.S. Small Business Administration SBA, in partnership with America's SBDC, will host a free, twoday National Small Business Week Virtual Summit on May 5 an…
Spirit Airlines Ceases Operations Following Biden Administration's Block of JetBlue Merger
Spirit Airlines ceased all operations early Saturday morning, entering liquidation, an outcome that former top Biden administration officials and current Transp…
US Drone Makers Face Supply Crisis as China Restricts Rare Earth Exports
WASHINGTON — U.S. drone manufacturers are facing an immediate and critical supply chain crisis after China implemented new export controls on key rare earth ele…
Republicans Unify Around High-Deductible Plans in New Healthcare Push
WASHINGTON — Republican lawmakers are increasingly coalescing around a healthcare strategy that champions highdeductible health plans HDHPs and expanded Health…
Iowa Lawmakers Pass $4 Billion Property Tax Cut in Last-Minute Session Deal
DES MOINES, Iowa — State lawmakers concluded their 2026 legislative session on Sunday, May 3, after reaching a lastminute agreement on a sweeping property tax r…
Indiana Gas Prices Post Largest Weekly Jump in Nation as Tax Holiday Decision Looms
Indiana drivers were hit with the sharpest weekly increase in gasoline prices in the United States in late April, with the statewide average jumping 84 cents pe…
Spirit Airlines Ceases Operations, Cancels All Flights After Bailout Fails
Spirit Airlines, a pioneer of the ultralowcost carrier model in the United States, abruptly ceased operations in the early hours of May 2, 2026, canceling all f…
Old Town Yoga Secures SBA Loan to Launch Sound-Based Classes in Basalt
BASALT, Colo. — Old Town Yoga recently secured a Small Business Administration SBA loan to finance its expansion into Basalt, where it will introduce its signat…
Ingham County Voters to Decide on $99.9M School Bond, Property Tax Hike on May 5
Voters in Michigan’s Ingham Intermediate School District ISD will decide the fate of a $99,960,000 bond proposal during a special election on May 5, 2026. If ap…
Ohio Sets August 7-9 Dates for 2026 Sales Tax Holiday, Reverting to Limited Scope
COLUMBUS, OH — The Ohio Department of Taxation has officially announced that the state’s annual sales tax holiday will take place from Friday, August 7, through…
Tax Disputes in Alabama Threaten Critical Funding for Bay Minette, Atmore Hospitals
Two rural Alabama hospitals located just 24 miles apart are facing significant financial uncertainty as their essential local funding mechanisms have become ens…
North Hills School District Proposes 4.17% Property Tax Hike in $101.6 Million Budget
The North Hills School District board of directors has advanced a proposed $101.6 million budget for the 202425 school year that includes a 4.17% property tax i…
Spirit Airlines Ceases Operations, Cancels All Flights Amid Financial Collapse
Spirit Airlines, a pioneer of the ultralowcost carrier model in the United States, abruptly ceased all operations on Saturday, May 2, 2026, canceling every flig…
Newsom Opposes California Billionaire Tax Initiative, Citing Wealth Flight Concerns
California Governor Gavin Newsom has publicly affirmed his opposition to a proposed 2026 ballot initiative that would impose a onetime wealth tax on the state's…
New York Lawmaker Proposes Extending Pied-à-Terre Tax to Upstate Municipalities
ALBANY, N.Y. — As New York’s state budget negotiations stretched weeks past their April 1 deadline, a Capital Region lawmaker in late April introduced a proposa…
Businesses Face July 10 Deadline to Reclaim COVID-Era Tax Penalties
A fastapproaching July 10 deadline is creating a narrow window for millions of U.S. businesses and individuals to claim refunds for penalties and interest that…
Republican Lawmakers Introduce American Energy Dominance Act to Extend Wind, Solar Tax Credit Deadlines
Republican lawmakers, led by Representative Brian Fitzpatrick RPA, recently introduced the American Energy Dominance Act, a bill designed to significantly exten…
IRS Confirms 2026 Quarterly Tax Deadlines, Sets April 15 as First Payment Due Date
WASHINGTON – The Internal Revenue Service has established the schedule for 2026 quarterly estimated tax payments, confirming that the first installment for inco…
Iowa Senate Passes Vape Tax to Fund $3M Pediatric Cancer Research
Iowa lawmakers recently advanced a significant piece of legislation, with the state Senate passing a bill on April 22 that introduces a new tax on vapes and alt…
Mayor Bass Calls for Uncapped Film Tax Credits, Opposes Paramount-WBD Merger Without Job Protections
Los Angeles Mayor Karen Bass on Friday publicly endorsed an uncapped state film and television tax credit and called for a new federal counterpart, a move mirro…
Brin Pours Millions into Ballot Fight Against California's Retroactive Wealth Tax
Google founder Sergey Brin has significantly funded and launched two ballot initiatives aimed at directly countering California's proposed "billionaire tax," se…
Nissan Scraps U.S. EV Production Plan, Pivots Mississippi Plant to Hybrid and Gas Models
Nissan Motor Co. announced Friday, May 1, 2026, that it is abandoning its plan to produce electric vehicles in the United States, citing slowing demand and the…
Department of War Overhauls Acquisition System to Speed Tech to Troops
WASHINGTON – The Department of War has initiated a sweeping overhaul of its acquisition process, a fundamental transformation aimed at accelerating the delivery…
Legislators in 28 States Introduce Bills to Curb Data Center Tax Breaks
A significant legislative shift is underway in 2026 as states reevaluate the onceunquestioned benefits of hosting data centers. According to the National Confer…
AWS Releases New Guide for Implementing ISO 31000 Risk Management Framework
Amazon Web Services has released a new compliance guide aimed at helping organizations implement the international risk management standard, ISO 31000:2018, wit…
Spirit Airlines to Cease Operations Saturday After Bailout Talks Fail
Spirit Airlines is set to cease operations at 3 a.m. EST on Saturday, according to multiple reports and sources familiar with the matter, after lastditch negoti…
Federal Reserve Analysis Links Local Deposits to Rapid CRE Lending Growth at Smaller Banks
WASHINGTON – A new analysis published by the Federal Reserve on May 1, 2026, reveals a strong connection between a bank’s reliance on local deposits and its pac…
Cuba Condemns US Sanctions Aimed at Fuel Blockade, Stoking Oil Market Fears
HAVANA – The Cuban government on January 30 formally condemned what it called a new escalation in U.S. sanctions, accusing Washington of attempting to impose an…
EPA Finalizes Rule Weakening Methane Flaring Standards for Oil and Gas Industry
WASHINGTON — The Environmental Protection Agency on April 6, 2026, released a final rule that revises and weakens key provisions of its 2024 methane emissions s…
Trump Executive Order Directs Cannabis Rescheduling, Promising Tax Breaks for Businesses
President Donald Trump signed an executive order on December 18, 2025, directing the U.S. Attorney General to reclassify cannabis from a Schedule I to a Schedul…
IRS Moves to Revoke Floyd Mayweather's Passport Over $7.25 Million Tax Debt
The Internal Revenue Service has initiated proceedings to revoke the U.S. passport of boxer Floyd Mayweather Jr. over a reported $7.25 million in unpaid federal…
Trump Signs Executive Order to Implement Saver's Match, Launch Retirement Portal for 56 Million Workers
WASHINGTON – President Donald Trump signed an executive order on Thursday, April 30, 2026, directing the Treasury Department to implement a federal matching pro…
Missouri Legislature Puts Income Tax Elimination on 2026 Ballot
JEFFERSON CITY, Mo. — Missouri voters will decide later this year whether to fundamentally reshape the state's tax structure, after the General Assembly in Apri…
DOJ Report Finds Biden-Era IRS Selectively Enforced Tax Law Against Conservative Churches
WASHINGTON — A Department of Justice task force released a report on Thursday concluding that the Internal Revenue Service under the Biden administration select…
Cannabis Accounting and Fractional CFO Services Expand in U.S. Amid Regulatory Complexity, Northstar Reports
BEVERLY HILLS, CA – Northstar Financial Advisory, a U.S.based financial consulting firm, reported on May 1, 2026, a significant expansion in demand for speciali…
Trump to Implement 25% Tariffs on European Cars, Trucks Next Week
President Donald Trump announced on Friday that he would increase tariffs on vehicles imported from the European Union to 25% next week. The move, communicated…
House Passes Bipartisan Bill to Overhaul IRS Whistleblower Program
WASHINGTON — The U.S. House of Representatives passed a bill on April 28 with overwhelming bipartisan support to reform the Internal Revenue Service’s whistlebl…
Chevron Q1 Profit Surpasses Estimates Amid War-Driven Oil Price Surge
Chevron Corp. announced on Friday, May 1, 2026, that its firstquarter profit significantly exceeded analyst expectations, a result driven by a sharp increase in…
China Imposes New Licensing Rules on Rare Earth Exports, Escalating Global Supply Chain Tensions
BEIJING – The Chinese government has significantly tightened its control over the global supply of rare earth minerals, announcing new rules this month that req…
Mideast Conflicts Divert 70% of Red Sea Maritime Traffic Around Africa
Escalating conflicts in the Middle East, including the effective closure of the Strait of Hormuz and ongoing attacks in the Red Sea, have forced a massive and s…
Spirit Airlines Prepares for Shutdown After $500 Million Rescue Deal Collapses
Spirit Airlines is preparing to cease operations after a critical $500 million governmentbacked rescue package fell through, according to multiple reports on Fr…
Cybersecurity Incidents Expose 184 Million Credentials and 5.1 Million ZenBusiness Accounts
A series of significant cybersecurity incidents have recently come to light, revealing a vast exposure of digital credentials and sensitive personal data. In Ma…
U.S. Economy Sees Tax Refunds, AI Investment Offset Iran War Pain in Q1 2026
The U.S. economy experienced a complex balancing act in the first quarter of 2026, as significant tax refunds and a robust investment surge in artificial intell…
Bipartisan State Coalition Grows in Lawsuit to Block $6.2B Nexstar-Tegna TV Merger
Five additional states, including Republicanled Indiana and Kansas, joined a federal antitrust lawsuit this week seeking to block the proposed $6.2 billion merg…
Alabama Temporarily Suspends State Sales Tax on Groceries for May and June 2026
Alabama residents began receiving relief at the grocery checkout on May 1, 2026, as the state's twomonth sales tax holiday on qualifying food items officially c…
Alabama Enacts HB626, Broadening Tax Increment Districts for Manufacturing and Shipbuilding Zones
The Alabama Legislature officially enacted House Bill 626 HB626 on April 17, 2026, significantly amending the state's Code regarding tax increment districts TID…
CFPB Finalizes Rule to Ease Small Business Lending Data Collection
WASHINGTON — The Consumer Financial Protection Bureau CFPB on April 30 finalized a rule that significantly scales back data collection and reporting requirement…
US to Remove 10% Tariff on UK Scotch Whisky Following Royal Visit
WASHINGTON — The Trump administration announced Thursday it is removing the 10% tariff on Scotch whisky imported from the United Kingdom, a significant trade co…
Georgia Gas Tax Suspension Lowers State Fuel Prices to Nation's Cheapest
ATLANTA — Georgia now has the lowest average gasoline prices in the United States after Governor Brian Kemp signed a bill temporarily suspending the state's mot…
Utah Law Holding Websites Liable for VPN Use in Age Verification Takes Effect May 6
A firstofitskind law in Utah is set to take effect on May 6, 2026, creating significant new liabilities for online businesses by targeting the use of Virtual Pr…
Louisiana Voters to Decide on Amendment Granting Parishes Option to End Business Inventory Tax
Louisiana voters are set to decide on May 16, 2026, whether to approve Constitutional Amendment 4, a measure that would empower individual parishes to reduce or…
Tax Court Upholds IRS Deficiency Ruling on Unreported Form 1099-NEC Income
WASHINGTON – The U.S. Tax Court has sustained an Internal Revenue Service determination that a taxpayer is liable for a $3,842 federal income tax deficiency aft…
IRS Announces Increased Prescribed Interest Rates for May 2026
The Internal Revenue Service IRS has issued Revenue Ruling 20269, establishing the official prescribed interest rates for federal income tax purposes for May 20…
Bayfirst Financial Posts Q1 2026 GAAP EPS Loss of $1.48, Secures $80 Million PIPE Investment
Bayfirst Financial Corp. BAFN reported a GAAP loss per share of $1.48 for the first quarter of 2026, ending March 31, 2026, alongside the announcement of an $80…
Malicious Code Packages in Ruby and Go Target GitHub Automation Tools to Steal Credentials
Security researchers in early August uncovered a sophisticated software supply chain attack targeting developers using GitHub's popular automation features. The…
Washington State Enacts 9.9% Tax on Million-Dollar Incomes Amid National Trend
Washington state passed a landmark law in March establishing the first income tax in the state’s history, a 9.9% levy on personal income exceeding $1 million an…
Waukegan School Board Backs 1% County Sales Tax Referendum for November Ballot
WAUKEGAN, Ill. – The Waukegan Community Unit School District 60 Board of Education voted in late April to support a measure that would ask Lake County voters to…
Maryland Enacts Law Expanding Farm Equipment Tax Credit, Creating New Stillborn Child Credit
ANNAPOLIS, Md. – Governor Wes Moore has signed into law a multifaceted tax bill that expands a key tax credit for Maryland's agricultural sector and establishes…
Arkansas Governor Calls Special Session to Cut Corporate and Income Taxes
LITTLE ROCK, Ark. — Governor Sarah Huckabee Sanders announced Thursday that she will convene a special session of the Arkansas General Assembly to enact further…
Mattawan Voters to Decide on Property Tax Renewal Crucial for School District's Operating Budget
MATTAWAN, MI – Voters in the Mattawan Consolidated School District will decide on May 7 whether to renew a nonhomestead property tax that generates 9% of the sc…
Wisconsin Announces Free Statewide Small Business Academy to be Held May 5-8
The Wisconsin Economic Development Corporation WEDC recently announced it will host the 13th annual Lieutenant Governor’s Small Business Academy from May 58. Th…
Official SAP npm Packages Compromised in Attack to Steal Cloud and Developer Credentials
Security researchers in late April 2026 uncovered a sophisticated supplychain attack that compromised several official software packages from enterprise technol…
Sergey Brin-Backed Measures to Counter California Wealth Tax Secure Signatures for November Ballot
SACRAMENTO, Calif. — Two ballot initiatives designed to curb a proposed wealth tax on billionaires and funded partly by Google cofounder Sergey Brin have gather…
Union Pacific and Norfolk Southern Submit Revised Transcontinental Merger Plan to Regulators
WASHINGTON – Union Pacific and Norfolk Southern have formally notified federal regulators of their intent to file a revised merger application, a key step in th…
Hawthorn Bancshares to Acquire FSC Bancshares for $28.3 Million, Expanding Northern Missouri Footprint
JEFFERSON CITY, Mo. — Hawthorn Bancshares, Inc. NASDAQ: HWBK announced on April 29, 2026, that it has signed a definitive agreement to acquire FSC Bancshares, I…
Poll Finds 71% of Voters Oppose Proposed Union Pacific-Norfolk Southern Rail Merger
WASHINGTON — A new national poll released in late April found that 71% of likely voters oppose the proposed $85 billion merger between railroad giants Union Pac…
House Passes Bill Requiring IRS to Post Live Call Center Metrics
WASHINGTON — The House of Representatives voted on Monday, April 27, 2026, to pass the Taxpayer Experience Improvement Act, a bill that would require the Intern…
US Successfully Blocks Vote on Global Shipping Carbon Tax
The United States successfully derailed a vote on a proposed global carbon emissions fee for the shipping industry during a contentious International Maritime O…
Warren and Hawley Introduce Bipartisan Bill to Break Up Vertically Integrated Healthcare Giants
WASHINGTON — In a significant bipartisan move, Senators Elizabeth Warren DMass. and Josh Hawley RMo. introduced the Break Up Big Medicine Act on February 10, 20…
Boston Judge Weighs City's Motion to Dismiss Commercial Property Tax Lawsuit
BOSTON — A Suffolk County Superior Court judge heard arguments this week on the City of Boston's motion to dismiss a classaction lawsuit alleging that its Asses…
OppFi to Acquire BNC National Bank for $130 Million in Fintech-Bank Merger
CHICAGO — The financial technology firm OppFi Inc. announced on April 29, 2026, that it has entered into a definitive agreement to acquire BNCCORP, Inc. and its…
Missouri Legislature Approves Ballot Measure to Eliminate State Income Tax
JEFFERSON CITY, MO – The Missouri General Assembly gave its final approval on April 21, 2026, to a resolution that will ask voters to amend the state constituti…
SBA Officials Used 'Benghazi' Codeword to Conceal Planned Parenthood PPP Loans, Senator Reveals
WASHINGTON – Top officials at the Small Business Administration SBA under the Biden administration used the codeword “Benghazi” in 2021 to conceal discussions a…
Republicans Float Indexing Capital Gains to Inflation Ahead of Midterm Elections
Republican lawmakers are exploring a proposal to cut capital gains taxes by indexing them to inflation, a move aimed at addressing voter concerns about the risi…
War Department Overhauls Small Business Innovation Programs to Fuel New AI Strategy
WASHINGTON — The Department of War announced this week it is advancing a redesigned Small Business Innovation Research SBIR and Small Business Technology Transf…
New Jersey Court Adopts 'Predominant Use' Test for Mixed-Use Property Tax Classification
TRENTON, N.J. – The New Jersey Tax Court established a significant new standard for the state’s real estate sector on April 27, 2026, ruling that mixeduse prope…
FCC Expands Ban on Foreign-Made Networking Gear to Include Wi-Fi Hotspots and Cellular Routers
WASHINGTON — The Federal Communications Commission has expanded its sweeping ban on foreignmade networking equipment to include consumergrade mobile hotspots an…
California Appeals Court Signals Support for Texas Doctor in Remote Work Tax Dispute
A California appeals court panel this week appeared ready to rule that the state cannot tax the income of a Texasbased radiologist who performs work remotely fo…
Collective Acquisition Corp. II Prices $220 Million IPO to Fund National Interest-Focused Merger
MIAMI — Collective Acquisition Corp. II, a special purpose acquisition company, announced on April 28, 2026, the pricing of its $220 million initial public offe…
Apple's Planned Protocol Removal Threatens to Deactivate Time Capsule Devices
Apple is preparing to remove support for the Apple Filing Protocol AFP from a future version of its macOS operating system, a move that would effectively render…
Maine Enacts 2% Surcharge on Million-Dollar Incomes, Joining Blue-State Trend
AUGUSTA, Maine — Governor Janet Mills signed a state budget in midApril 2026 that includes a new 2% tax surcharge on high earners, making Maine the latest Democ…
Sage Unveils Expanded AI Agents to Automate Finance and HR Workflows
ATLANTA – On April 28, 2026, software provider Sage announced a significant expansion of its artificial intelligence capabilities, embedding new AI agents direc…
Driven Brands Receives Nasdaq Non-Compliance Notice Amid Filing Delays and Internal Review
Driven Brands Holdings Inc. disclosed on April 21, 2026, that it received a notice of noncompliance from Nasdaq on April 15 after failing to file its required a…
Kentucky Enacts Law to Digitize Vehicle Titling, Overhaul Related Tax Rules
FRANKFORT, Ky. — Kentucky has enacted a sweeping new law designed to modernize its motor vehicle systems, mandating a shift to electronic processing for all tit…
Missouri Voters to Decide on Eliminating State Income Tax This Year
JEFFERSON CITY, Mo. — Voters in Missouri will decide later this year whether to amend the state constitution to eliminate the individual income tax, a move that…
Federal Circuit Court Clarifies Patent Eligibility in Constellation v. LG Ruling
WASHINGTON — The U.S. Court of Appeals for the Federal Circuit CAFC issued a significant precedential decision on April 28, 2026, that sharpens the line between…
California Bill to End 1031 Tax Break for Large Corporate Landlords Fails in Committee
A contentious California bill aimed at eliminating a significant tax deferral for large corporate landlords failed to advance from a key legislative committee o…
BambooHR Launches Embedded Background Check Feature with Turn Partnership
Human resources software provider BambooHR announced on April 28, 2026, a new partnership with screening technology firm Turn to offer fully integrated, native…
Bed Bath & Beyond Parent Company to Cut Jobs, Citing Aggressive AI Integration
The parent company of Bed Bath & Beyond, Beyond, Inc., announced on April 27, 2026, that it will implement a "significant reduction in headcount" as it aggressi…
IRS Offers Extension for Disputed COVID-Era Employee Retention Credit Claims
WASHINGTON — The Internal Revenue Service announced this week a new, streamlined process for businesses to request more time to resolve disputes over disallowed…
Microsoft Adds Screen Recording to Dynamics 365 in 2026 Update for Contact Centers
Microsoft announced in March 2026 the addition of native screen recording capabilities to its Dynamics 365 Customer Service and Contact Center platforms. The fe…
Missouri House Passes Sweeping Property Tax Reform Bill Aimed at Curbing Assessment Shocks
JEFFERSON CITY, MO — The Missouri House of Representatives passed a comprehensive property tax reform bill Thursday, advancing a significant overhaul designed t…
Missouri Voters to Decide on Historic Measure to Eliminate State Income Tax
JEFFERSON CITY, Mo. — In a historic move in late April 2026, the Missouri legislature gave final approval to a proposed constitutional amendment that will ask v…
New FMCSA Rules and Amazon Mandates to Reshape Trucking Compliance in 2026
The U.S. commercial trucking industry is facing a significant operational and financial overhaul as a series of new federal regulations and stringent privatesec…
Colorado Senate Advances Bill to Prohibit Credit Card Swipe Fees on Sales Tax
DENVER — The Colorado Senate advanced a bill this week that would prohibit credit card companies from charging interchange fees on the sales tax portion of tran…
IRS Offers Extension Option for Taxpayers Facing ERC Disallowance Deadlines
WASHINGTON — The Internal Revenue Service on Monday announced a new, streamlined process for certain taxpayers to extend the twoyear statutory deadline for chal…
San Mateo County Businesses Face Potential Property Tax Hikes from June School Ballot Measures
REDWOOD CITY, CA – Business owners and property holders in several San Mateo County school districts will decide on a series of new bond and parcel tax measures…
CPU Prices Surge Up to 20% as Lead Times Extend Despite Production Boosts from Intel and AMD
A surge in demand from the artificial intelligence sector is driving significant price increases and lengthening lead times for central processing units CPUs, a…
Minnesota Lawmakers Weigh Sales Tax Hike, State Aid to Avert HCMC Closure
ST. PAUL, Minn. — Minnesota lawmakers are urgently debating competing proposals to rescue Hennepin County Medical Center HCMC, the state’s largest safetynet hos…
California 'Billionaire Tax' Initiative Submits Signatures for November Ballot
SACRAMENTO, Calif. — A controversial proposal to levy a onetime wealth tax on California’s billionaires is now one step closer to facing voters in November. On…
North Carolina Bill Seeks to Freeze County Property Tax Revaluations for 2026
RALEIGH, N.C. — State lawmakers are seeking to halt all county property tax revaluation changes for one year under a new bill filed Tuesday by North Carolina Se…
Pennsylvania Releases Detailed Guidelines for $30 Million Rural Jobs Tax Credit Program
The Pennsylvania Department of Community and Economic Development DCED has published official guidelines for its Rural Jobs and Investment Tax Credit Program, c…
North Korean Hackers Compromise Widely Used Software in Major Supply Chain Attack
Security researchers on Tuesday, March 31, 2026, announced that suspected North Korean statesponsored hackers compromised a widely used opensource software pack…
New York Construction Principal Jailed in Multi-Million Dollar Payroll Tax Evasion Scheme
NEW YORK – A principal for multiple New York construction companies has been sentenced to prison for his role in a wideranging, multimillion dollar scheme to ev…
Illinois Legislature Passes Bill Banning Credit Card Swipe Fees on Sales Tax and Gratuities
SPRINGFIELD, Ill. — The Illinois state legislature passed a sweeping budget bill in late May 2024 that includes a firstinthenation provision prohibiting credit…
FTC Reports Text Scam Losses Hit $470 Million, Fueling 'Friction Tax' for Retailers
A new data analysis released by the Federal Trade Commission in April 2025 reveals that consumer losses to text message scams reached $470 million in 2024, mark…
Motion Filed to Invalidate National Firearms Act Registration Rules in Federal Court
COVINGTON, Ky. — Plaintiffs in a major federal lawsuit moved to strike down key provisions of the National Firearms Act of 1934, filing a motion for summary jud…
FDA Unveils Pilot Clinical Outcome Assessment Compendium in Webinar for Drug Developers
WASHINGTON — The U.S. Food and Drug Administration’s Center for Drug Evaluation and Research CDER held a webinar on March 8, 2016, to introduce a new resource a…
Hundreds of Software Packages Compromised in Ongoing Supply Chain Attack Targeting Developers
A sophisticated and ongoing supply chain attack escalated around September 15, compromising the Node Package Manager NPM repository and injecting malicious code…
Congress Advances GUARD Act, Triggering Compliance Alarms for Businesses Using AI Chatbots
WASHINGTON — A bipartisan bill that would impose sweeping ageverification requirements on a wide range of artificial intelligence chatbots is advancing in Congr…
GOP Promotes New Tax Cuts as Filing Season Ends, Citing Larger Refunds
WASHINGTON — As the annual tax filing season concluded this month, Republican lawmakers launched a concerted effort to promote the benefits of their latest tax…
AWS Launches Last-Used Tracking for KMS Keys, Simplifying Security Audits and Cost Management
Amazon Web Services on April 23, 2026, rolled out a new feature for its Key Management Service KMS that automatically tracks and displays the last time a crypto…
FDA Outlines Statistical Monitoring Approach for Drug Trials in New Podcast
WASHINGTON – The U.S. Food and Drug Administration’s Center for Drug Evaluation and Research CDER released new insights into its approach for ensuring data qual…
Supreme Court Lets Stand Attorney Sanctions Without Bad Faith Finding, Deepening Circuit Split
The U.S. Supreme Court on April 27 declined to review a case concerning a federal court's power to impose monetary sanctions on legal counsel without a specific…
Bay Area VTA Advances Plan for 2026 Sales Tax Hike, Potentially Pushing Regional Rates Above 10%
SAN JOSE, CA – The Santa Clara Valley Transportation Authority VTA board has taken a significant step toward placing a new halfcent sales tax on the 2026 ballot…
Microsoft, Rclone Disclose Critical Flaws in Barrage of Late-April Security Alerts
A wave of critical and actively exploited software vulnerabilities affecting Microsoft products, popular opensource tools, and artificial intelligence infrastru…
SBA Unveils Agenda for National Small Business Week 2026 Virtual Summit
WASHINGTON — The U.S. Small Business Administration on April 27 released the full agenda for its National Small Business Week 2026 Virtual Summit, a free twoday…
Iran Conflict Halts Key Material Production, Causing Circuit Board Prices to Surge
A military strike in early April on a major Saudi Arabian petrochemical complex, attributed to the ongoing conflict with Iran, has halted the production of a cr…
South Carolina Senate Votes to Suspend Liquor Liability Law Amid Small Business Concerns
COLUMBIA, S.C. — The South Carolina Senate voted on April 23 to suspend a controversial liquor liability law that took effect less than four months ago, followi…
OceanFirst and Flushing Financial Secure Final Federal Approval for Merger
RED BANK, N.J. — OceanFirst Financial Corp. and Flushing Financial Corporation announced on April 27, 2026, that they have received the final necessary regulato…
Silver Fox Cyber Campaign Uses Fake Tax Audits to Deploy Data-Stealing Malware
A sophisticated, Chinalinked cybercrime group known as Silver Fox has escalated its operations, launching a multiwave campaign between 2025 and early 2026 that…
Canonical Ends Expanded Security Support for Ubuntu 16.04 LTS
Canonical has officially ended its Expanded Security Maintenance ESM support for the Ubuntu 16.04 LongTerm Support LTS operating system as of April 2026, conclu…
Spirit Airlines Faces Financial Crisis Following Blocked JetBlue Merger
Spirit Airlines is facing severe financial turbulence, including operational cutbacks and bankruptcy filings, in the months following the termination of its pro…
US Budget Airlines Lobby for $2.5 Billion in Federal Aid Amid Soaring Fuel Costs
WASHINGTON — A coalition of U.S. budget airlines, including Frontier and Avelo Airlines, is seeking a $2.5 billion federal aid package to offset the impact of s…
California's Proposed 'Billionaire Tax' Gathers Sufficient Signatures for November Ballot, Backers Announce
Proponents of a controversial onetime wealth tax targeting California's billionaires announced in late April 2026 that they have collected more than enough sign…
Mississippi Adopts New Tax and Permitting Rules for Craft Spirits Industry
JACKSON, Miss. – The Mississippi Department of Revenue has officially adopted a series of amended regulations that will overhaul the state’s tax and permitting…
New Jersey Court Ruling Allows Mixed-Use Buildings to Avoid Mansion Tax Through Reclassification
TRENTON, N.J. – In a decision with significant financial implications for New Jersey real estate owners, the state's tax court ruled this week that two mixeduse…
Right-to-Repair Laws Gain Force as Oregon Enacts Nation's Strongest Rules
A nationwide legislative movement compelling manufacturers to make product repair more accessible gained significant momentum in early 2024, culminating in Oreg…
Minnesota Lawmakers Weigh Tax Hikes and Fund Transfers Amid Budget Pressures
ST. PAUL, Minn. — Facing a cascade of urgent funding needs and mounting federal pressure, Minnesota lawmakers are debating a series of contentious tax and spend…
California's Proposed 'Billionaire Tax' Secures Signatures for November Ballot, Backers Announce
Backers of a controversial proposal to impose a onetime, 5% wealth tax on California's billionaires announced Monday they have collected more than 1.5 million s…
Florida Revenue Department Proposes New Rules and Forms for Business Tax Credit Programs
TALLAHASSEE, Fla. — The Florida Department of Revenue DOR has issued a notice of proposed rulemaking to amend administrative rules and update publicuse forms fo…
Sierra Vista Restaurant Owner Adjusts Menu Strategy Amid Persistent Food Inflation
A restaurant owner in Sierra Vista, Arizona, is actively navigating the challenge of rising food costs, implementing strategic menu adjustments to keep healthy…
Colorado Business Groups Push 2026 Ballot Measure to Redirect All Vehicle Taxes to Roads
A coalition of Colorado construction and business groups is advancing a ballot measure for the 2026 election that would constitutionally require the state to sp…
Governors Champion State-Led Policy as 29 States Adopt New Education Tax Credit
WASHINGTON – At the National Governors Association NGA winter meeting in late February, state executives championed their growing role in driving policy and eco…
Attacks on Saudi and Qatari Plants Disrupt Key Materials for AI Chip Production
A series of military strikes in March and April on critical industrial facilities in the Persian Gulf has severely disrupted the global supply of materials esse…
CBP Launches Portal for Businesses to Claim Billions in Tariff Refunds
WASHINGTON — U.S. Customs and Border Protection CBP on Monday, April 20, 2026, launched a new online portal, opening the door for businesses to reclaim an estim…
Airlines Face Class-Action Lawsuit for Selling Passenger Data to IRS and FBI
WASHINGTON — Major U.S. airlines are facing a proposed classaction lawsuit for secretly selling billions of passenger flight and payment records to federal agen…
Microsoft Offers Voluntary Retirement to Thousands of Long-Serving US Employees
SEATTLE — Microsoft announced a voluntary early retirement program on Thursday, April 23, for thousands of its longserving employees in the United States, a mov…
Fifth Circuit Rules Federal Tax Power Cannot Be Used to Regulate Private Conduct
NEW ORLEANS — In a decision with potentially farreaching implications for federal regulation, the U.S. Court of Appeals for the Fifth Circuit ruled on April 1,…
Mississippi Billionaires Tom and James Duff Face Federal Lawsuit Over $6.7 Million in PPP Loans
Mississippi's wealthiest individuals, brothers Tom and James Duff, are the subjects of a U.S. Justice Department investigation and a federal lawsuit alleging th…
US Military Fuel Shipments to Asia Highlight Iran War's Supply Chain Disruption
WASHINGTON — The United States military is rerouting strategic fuel supplies across the Pacific Ocean in a highly unusual move that reveals the deepening impact…
Tether Freezes $344 Million in USDT Following US Law Enforcement Request
Tether, the issuer of the world's largest stablecoin, announced on Thursday it has frozen approximately $344 million worth of its USDT tokens held in two digita…
Washington Enacts 9.9% 'Millionaire's Tax,' Affecting Nearly 21,000 High-Income Residents and Fueling Relocation Fears
OLYMPIA, Wash. – Governor Bob Ferguson signed into law on March 30, 2026, a controversial new tax on the state's highest earners, a move that supporters say wil…
Union Pacific-Norfolk Southern Merger Proposal Awaits Federal Ruling, Promising Major Supply Chain Shifts
A landmark merger proposal between Union Pacific and Norfolk Southern that would create the first singleline transcontinental railroad in the United States is a…
ADT Confirms Customer Data Breach After Ransom Threat from ShinyHunters Group
Home security giant ADT confirmed on April 24 that personal data from customers and prospective customers was stolen in a cyberattack it detected earlier in the…
China Warns of Supply Chain Disruption as US House Panel Advances Chip Export Bills
WASHINGTON — China’s Ministry of Commerce issued a stark warning on Saturday of potential global supply chain disruptions, responding directly to a move by a U.…
US Pledges No Further Easing of Russian Oil Sanctions, EU Official Says
WASHINGTON – The United States has indicated to the European Union that a recent, temporary easing of sanctions on Russian oil was a onetime measure that will n…
Simply Business Launches Insurance Quoting Tool Within ChatGPT
NEW YORK – Simply Business, a subsidiary of The Travelers Companies, launched a business insurance quoting application inside ChatGPT on April 23, 2026, allowin…
Trump Threatens UK with 'Big' Tariffs Over Digital Services Tax Dispute
WASHINGTON — President Donald Trump on Thursday escalated a longsimmering trade dispute with the United Kingdom, threatening to impose “big” new tariffs on Brit…
SiriusXM and iHeartMedia in Preliminary Talks for Merger to Create Audio Behemoth
News broke in late April 2026 that SiriusXM and iHeartMedia, the two largest audio entertainment companies in the United States, have entered into earlystage di…
US Energy Exports Hit Record 12.9 Million Barrels Per Day Amid Hormuz Closure
U.S. exports of crude oil and petroleum products surged to a record 12.9 million barrels per day in midApril, as an ongoing conflict in the Middle East effectiv…
AMA Foundation Removes Race-Exclusive Scholarships From Website Following IRS Complaint
The American Medical Association AMA Foundation removed three scholarships with explicit racial and ethnic criteria from its website in late April 2026, weeks a…
California Lawmakers Advance Bill to Ban Social Media for Minors Under 16
SACRAMENTO – California lawmakers are advancing a controversial bill, A.B. 1709, that would prohibit individuals under the age of 16 from using social media and…
IRS Using Palantir Software for Large-Scale Analysis of Taxpayer Data, Records Reveal
WASHINGTON — The Internal Revenue Service's Criminal Investigation division is utilizing datamining software from military contractor Palantir Technologies to c…
SBA Refers 562,000 Suspected Fraudulent Pandemic Loans Totaling $22.2 Billion to Treasury for Collection
WASHINGTON – The U.S. Small Business Administration announced on April 24, 2026, that it has referred 562,000 suspected fraudulent loans to the Department of th…
Pennsylvania Man Sentenced to Prison for Omitting $12.3 Million in NFT Sales from Tax Returns
A York County, Pennsylvania, man was sentenced to one year in federal prison this week for filing false tax returns that failed to report more than $12.3 millio…
FTC Reaches Settlement with U.S. Anesthesia Partners in Texas Antitrust Case
The U.S. Federal Trade Commission announced in late April 2026 that it has reached an agreement in principle to settle its antitrust lawsuit against U.S. Anesth…
Taxpayers May Claim Refunds for Pandemic Penalties After Federal Court Ruling
A federal court ruling issued last November is opening a new window for individuals and businesses to potentially recover millions of dollars in tax penalties a…
IKS Health to Acquire TruBridge in Deal Aimed at US Rural Healthcare Market
DALLAS & MOBILE, Ala. — IKS Health announced on April 23, 2026, that it has entered into a definitive agreement to acquire TruBridge, Inc., a provider of health…
American Industrial Partners to Acquire Honeywell's Warehouse Automation Business
NEW YORK — Private equity firm American Industrial Partners AIP announced on April 23, 2026, that it has signed a definitive agreement to acquire the Warehouse…
Baker Hughes Forecasts Strait of Hormuz Disruption to Last Until Second Half of 2026
HOUSTON – Energy technology company Baker Hughes announced on its April 24 earnings call that it is operating under the assumption that the Strait of Hormuz wil…
Los Angeles Asks Property Owners to Fund $125 Million Streetlight Fix via New Assessment
LOS ANGELES — The Los Angeles City Council has advanced a plan that asks property owners to pay for the city’s struggle against rampant copper wire theft, which…
Bernalillo County Officials Clash Over New Short-Term Rental Property Tax Policy
A new policy enacted by the Bernalillo County Assessor’s Office in late April 2026 to reclassify shortterm rental properties from residential to commercial for…
Justice Department Order Reschedules Medical Cannabis, Easing Major Tax Burden for Operators
WASHINGTON – The U.S. Department of Justice has formally reclassified statelicensed medical marijuana, a move that immediately dismantles a decadesold tax provi…
Tax Court Upholds IRS Penalties in Simmons Case, Citing Lack of Substantiation for Business Deductions
WASHINGTON – The U.S. Tax Court has sustained an Internal Revenue Service deficiency determination and accuracyrelated penalties against a taxpayer who failed t…
Strait of Hormuz Disruption Sparks Photoresist Shortage, Threatening Global Chip Production
The effective closure of the Strait of Hormuz since early March 2026 has triggered a critical shortage of raw materials for the global semiconductor industry, w…
IRS Counsel Clarifies 'Liberal' Penalty Relief Standard for Small Foreign-Owned Corporations
WASHINGTON — The IRS Office of Chief Counsel has issued a clarification defining how it will apply a “liberal” standard for reasonable cause when considering pe…
Michigan Treasury Misfire Sends 27,000 Erroneous Tax Notices
LANSING, Mich. — The Michigan Department of Treasury created widespread confusion and alarm among taxpayers after it erroneously sent approximately 27,000 incor…
SBA Refers $22.2 Billion in Suspected Pandemic Loan Fraud to Treasury for Collection
WASHINGTON — The U.S. Small Business Administration has referred 562,000 pandemicera loans totaling more than $22.2 billion to the Department of the Treasury fo…
Justice Department Moves to Reclassify Marijuana, Unlocking Major Tax Changes for $47 Billion Industry
WASHINGTON — The U.S. Department of Justice on April 23 announced it will move to reclassify marijuana as a less dangerous substance, a landmark shift in federa…
IRA Provision Spurs New Corporate Strategy as Market for Transferable Tax Credits Matures
A provision in the Inflation Reduction Act IRA that made certain clean energy tax credits transferable for the first time has created a robust new market, funda…
Pennsylvania Court Rules Custom-Blended Vape Juice Exempt From 40% Retail Tax
HARRISBURG, Pa. — A Pennsylvania state appeals court delivered a significant ruling on April 24, 2026, finding that a Harrisburg vape store is not liable for th…
Oklahoma Amends SIDE Tax Credit, Expanding Eligibility for Project Investments
OKLAHOMA CITY — Oklahoma Governor Kevin Stitt signed Senate Bill 1992 into law on April 17, enacting significant amendments to the state's Strategic Industrial…
Florida Property Tax Overhaul Stalls as DeSantis Rejects House Proposals
TALLAHASSEE, Fla. — Governor Ron DeSantis’s yearlong campaign for a sweeping overhaul of Florida's property tax system has hit a legislative wall, stalling inde…
Main Street Capital Injects $15.6 Million into UBM to Fund Strategic Logistics Acquisition
HOUSTON – Main Street Capital Corporation announced on April 21, 2026, that it has completed a $15.6 million followon investment in its portfolio company, Unite…
Bitwarden Command-Line Tool Compromised in Supply Chain Attack Targeting Developer Secrets
A malicious version of the popular Bitwarden password manager’s commandline interface CLI was published to the npm software registry on April 22, 2026, in a sop…
FTC Grants Early Antitrust Clearance for RB Global's Acquisition of BigIron
WESTCHESTER, Ill. — RB Global has cleared a significant federal regulatory hurdle in its pending acquisition of BigIron Auction Company. In an announcement on A…
LendingClub to Rebrand as Happen Bank This Summer in Digital Banking Push
SAN FRANCISCO – LendingClub Corp. announced on April 21, 2026, that it will rebrand its digital banking arm as Happen Bank, a move set to take effect this summe…
California Implements Stricter Rules on Employer Use of Criminal History
SACRAMENTO — New regulations that significantly change how California employers can use an applicant's or employee's criminal history in hiring and other employ…
IRS AI Ambitions at Risk Amid Staffing Cuts and Lack of Strategy, GAO Reports
WASHINGTON — A new government watchdog report released March 24, 2026, concludes that the Internal Revenue Service is illprepared to expand its use of artificia…
IRS Prepares Launch of New Crypto Tax Form 1099-DA for 2025 Tax Year
The Internal Revenue Service has unveiled a draft of Form 1099DA, a new tax document that will for the first time require digital asset brokers to report transa…
Trump Administration Reclassifies Medical Marijuana, Unlocking Major Tax Breaks for Cannabis Businesses
WASHINGTON — The Trump administration on Thursday reclassified statelicensed medical marijuana as a less dangerous substance, a landmark policy shift that recog…
Checkmarx Supply Chain Breach Compromises KICS Tool to Steal Developer Data
Cybersecurity firm Checkmarx disclosed in late March 2026 that it was the target of a supplychain attack that compromised several of its opensource developer to…
Washington State Enacts Millionaire's Tax, Fueling National Debate on Wealth Taxation
OLYMPIA, WA — In a move that intensifies the national debate over wealth taxation, Washington’s governor signed a new “Millionaires’ Tax” into law this month, m…
IRS and ICE Finalize Data-Sharing Pact, Sparking Resignations and Billions in Projected Revenue Loss
WASHINGTON — The Internal Revenue Service and U.S. Immigration and Customs Enforcement finalized a memorandum of understanding on April 7, 2025, that grants imm…
Sage Launches HCM Platform to Integrate HR and Finance for Mid-Market Businesses
ATLANTA – Sage, a major provider of accounting and HR technology, announced on April 23, 2026, the launch of Sage HCM, a new human capital management platform f…
Union Pacific Posts 5% Profit Gain Amid Push for $85 Billion Norfolk Southern Merger
Union Pacific reported a 5% increase in its firstquarter earnings on Thursday, a financial boost the railroad is leveraging to strengthen its case for the propo…
Justice Department Finalizes Cannabis Rescheduling to Schedule III, Easing Major Financial Burdens
WASHINGTON – The Trump administration, acting through the Department of Justice, on Thursday finalized a landmark decision to reclassify cannabis from a Schedul…
FreedomPay Launches BigCommerce Plugin to Streamline Secure eCommerce Payments
PHILADELPHIA – Payments technology company FreedomPay on April 23, 2026, announced the launch of a new, precertified payment integration app for the BigCommerce…
Illinois ACA Premiums Rise 26% for 2026, Dodging Predictions of a Sharper Spike
CHICAGO — Illinois consumers who purchased health insurance on the state’s Affordable Care Act ACA exchange for 2026 are facing an average monthly premium incre…
IRS Investigators Report AI-Powered Tools Are Fueling a Surge in Crypto Fraud
Federal investigators are sounding the alarm over a significant increase in sophisticated cryptocurrency fraud schemes, attributing the surge to criminals lever…
Spirit Airlines Nears $500 Million Federal Bailout Amid Industry Opposition
Spirit Airlines is reportedly close to securing a nearly $500 million bailout from the Trump administration, a move intended to prevent the budget carrier from…
Iran Re-Closes Strait of Hormuz, Demands End to US Naval Blockade
Iran’s Islamic Revolutionary Guard Corps IRGC announced on Saturday it had reclosed the critical Strait of Hormuz to shipping, reversing a declaration from just…
US Business Groups Voice Concern Over New Chinese Supply Chain Rules
BEIJING – The American Chamber of Commerce in China warned on Thursday that new supply chain security regulations released by Beijing could be a significant “co…
Nvidia Intensifies Supply Chain Audits After Supermicro Chip Smuggling Indictment
SANTA CLARA, Calif. — Nvidia has significantly intensified its global supply chain monitoring practices in recent months, a direct response to a highprofile fed…
Federal Bill Introduced to Cap State Gas Taxes, Directly Targeting California
WASHINGTON — A new bill introduced in Congress this month, the Gas Tax Reduction Act, aims to impose a federal cap on statelevel gasoline taxes, a move that wou…
Federal Bill Introduced to Block California's Proposed Retroactive Wealth Tax
WASHINGTON — A contentious proposal to levy a new wealth tax on California’s richest residents faced a direct federal challenge in February 2026 with the introd…
Strait of Hormuz Disruptions Rattle U.S. Businesses, Clouding Economic Forecasts
WASHINGTON — Escalating conflict in the Persian Gulf region throughout February and March has led to a severe disruption of shipping through the Strait of Hormu…
Self-Propagating 'CanisterSprawl' Worm Discovered in npm Supply Chain Attack
Cybersecurity researchers in April 2026 identified a new, selfpropagating worm spreading through the npm software package registry, actively stealing developer…
California Awards Film Tax Credits to Animated Features for First Time
SACRAMENTO — In a significant policy shift, the California Film Commission announced on Thursday that it has awarded state tax credits to animated feature films…
New York Budget Extends Higher Corporate Tax Rate, Contradicting Governor's Pledge
ALBANY, N.Y. – Governor Kathy Hochul finalized New York’s state budget in late April 2026, approving measures that include the extension of a temporary higher c…
MrBeast's Company Sued By Former Employee for Harassment and Wrongful Termination
A former social media manager for Beast Industries, the media company behind YouTube personality MrBeast, filed a federal lawsuit on Wednesday alleging she was…
Trump Administration Reclassifies Medical Marijuana, Granting Major Tax Relief to Illinois Cannabis Firms
WASHINGTON – The Trump administration took a historic step last Thursday that will deliver a significant financial windfall to statelicensed cannabis businesses…
Iran Conflict Has Cost US Consumers $21.3 Billion in Higher Gas Prices, Economist Estimates
The ongoing conflict with Iran has cost American consumers an additional $21.3 billion at the gas pump in just over six weeks, according to a new analysis by Ma…
New Small Business Stock Rules Expand Tax Breaks But Create Hidden Compliance Risks
A new federal tax law significantly expands the benefits for investors in qualified small business stock QSBS, but tax experts are warning that the legislation…
US Importers Can Now Claim Billions in Refunds as Tariff Repayment Portal Opens
U.S. importers and their brokers can now formally seek refunds for billions of dollars in tariffs after U.S. Customs and Border Protection CBP on Monday launche…
Painted Tree Boutiques Abruptly Shuts All 60+ Stores, Leaving Vendors with Stolen Goods and Financial Chaos
Painted Tree Boutiques, a national retail chain that leased booth space to small businesses and artisans, abruptly ceased operations in midApril, closing all of…
American Airlines Rejects United Merger Proposal, Citing Antitrust and Consumer Harm
American Airlines on Friday, April 17, publicly rejected the idea of a merger with rival United Airlines, stating that it has not held any such talks and believ…
Napa County Warns Businesses of Evolving Property Tax Scam After Checks Totaling Millions Stolen
NAPA, Calif. – Officials in Napa County issued an urgent warning in April to business owners and residents after a sophisticated property tax payment scam resul…
QXO Inks $17 Billion Deal to Acquire TopBuild in Largest Move Yet
QXO, the building products distribution company led by serial entrepreneur Brad Jacobs, announced on April 19, 2026, its definitive agreement to acquire TopBuil…
Georgia and Utah Suspend Gas Taxes as Fuel Prices Surge Nationwide
Georgia became the first state in 2026 to suspend its fuel tax, a move finalized on March 20, with Utah enacting a partial reduction shortly after. The actions…
U.S. Opens Portal for Businesses to Claim Billions in Overturned Trump-Era Tariff Refunds
WASHINGTON — U.S. businesses that paid billions of dollars in tariffs under the Trump administration can begin applying for refunds starting Monday, April 19, t…
ClickFix Malware Bypasses New macOS Security Warning Using Apple's Script Editor
Cybercriminals behind the “ClickFix” malware campaigns have already developed a new method to bypass a security feature Apple introduced in early April 2026, co…
Insteel Industries Profit Plummets as Severe Winter Weather Halts Shipments
Insteel Industries, a leading U.S. manufacturer of steel wire reinforcing products, reported in midApril that its secondquarter profit fell by nearly half compa…
Pennsylvania Governor Renews Push to Eliminate Three Business Tax Credits in Budget Proposal
HARRISBURG, Pa. — For the second consecutive year, Governor Josh Shapiro is asking Pennsylvania lawmakers to eliminate three targeted business tax credits, argu…
U.S. Army Hosts Industry Day to Recruit Private Partners for Munitions Production Overhaul
PICATINNY ARSENAL, N.J. – The U.S. Army held its Organic Industrial Base Industry Day on March 19, 2026, signaling a major push to recruit private sector compan…
New York Proposes Annual Tax on Luxury Second Homes Valued at $5 Million or More
ALBANY, N.Y. — New York Governor Kathy Hochul introduced a proposal in midApril 2026 for a new annual tax on luxury second homes in New York City, a measure aim…
White House Reports Average Tax Refund Surpasses $3,400 in First Year of New Cuts
WASHINGTON — Initial data from the 2026 tax filing season shows the average federal tax refund has climbed to over $3,400, an 11% increase compared to the previ…
Tuberville Proposes Tax Credits to Boost U.S. Cotton Amid Farmer 'Crisis'
WASHINGTON — Taking to the Senate floor, Sen. Tommy Tuberville of Alabama recently issued a stark warning that the state’s cotton farmers are “in the fourth qua…
WordPress Removes Over 30 Plugins After Malicious Backdoor Activates, Affecting Thousands of Businesses
The WordPress.org plugin team removed more than 30 popular plugins from its official directory in midApril 2026 after security researchers discovered a maliciou…
Tennessee Enacts Sweeping New Regulations on Hemp-Derived THC Products
A new Tennessee law that took effect January 1 has significantly altered the landscape for businesses selling hempderived cannabinoid products, introducing stri…
Charleston County Advances $4.25 Billion Sales Tax Proposal for November Ballot
CHARLESTON, S.C. — Under new leadership, the Charleston County Council is moving forward with a proposal to place a 25year, halfcent transportation sales tax on…
Working Families Tax Cut Act Signed Into Law, Extending Key Deductions for Montana SMBs
WASHINGTON – A sweeping federal tax package known as the Working Family Tax Cuts was signed into law on July 4, following its passage in the House of Representa…
Federal Jury Finds Live Nation and Ticketmaster Operated as an Illegal Monopoly
NEW YORK — A federal jury on April 15 found that live entertainment giant Live Nation and its subsidiary Ticketmaster operated as an illegal monopoly, deliverin…
Trump Proposes Replacing Income Tax With Tariffs, Economists Challenge Math
WASHINGTON — Former President Donald Trump on April 2 proposed a radical shift in U.S. fiscal policy, suggesting the federal income tax could be eliminated and…
IRS Enhances 'Where's My Refund?' Tool With Detailed Status Updates for Tax Season
WASHINGTON — The Internal Revenue Service has rolled out enhancements to its widely used “Where’s My Refund?” online portal and IRS2Go mobile app, providing tax…
South Carolina Enacts Major Income Tax Overhaul, Lowering Rates for 2026
COLUMBIA, S.C. — Governor Henry McMaster signed into law a significant tax reform bill on Wednesday that will lower state income tax rates and restructure the t…
Financial Industry Escalates Campaign to Repeal Illinois Swipe Fee Law Ahead of July Deadline
SPRINGFIELD, Ill. — A coalition of banks, credit unions, and credit card companies has intensified its public campaign to repeal a firstofitskind Illinois law t…
Orange, California, to Defer Over $7 Million in Infrastructure Repairs Amid Budget Crisis
ORANGE, CA – The City of Orange is proposing to postpone more than $7 million in necessary infrastructure projects for the next fiscal year as it confronts a se…
American Airlines Rejects United Merger Proposal, Citing Antitrust Concerns
FORT WORTH, Texas — American Airlines on Friday publicly rejected a merger proposal from rival United Airlines, shutting down speculation about a deal that woul…
Congress Advances Bill to Exempt Regulated Stablecoin Payments From Capital Gains Tax
WASHINGTON — Congress is moving forward with legislation that would effectively treat regulated U.S. dollar stablecoins like cash for tax purposes, a landmark s…
Microsoft Office for Mac 2021 Lifetime License Price Cut to $49.97 in Limited-Time Offer
A lifetime license for Microsoft Office Home & Business 2021 for Mac is being offered for $49.97 in a limitedtime promotion through thirdparty retailers, a sign…
Airlines Cut Summer Flights as Soaring Jet Fuel Prices Spark Supply Crisis
Airlines are cutting routes and raising fees ahead of the peak summer travel season, responding to a dramatic spike in jet fuel prices triggered by the ongoing…
Two Men Charged in $100 Million Stolen Identity Tax Fraud Scheme
ATLANTA – Federal indictments were unsealed in late February charging two men in connection with a sophisticated, multiyear scheme that allegedly sought to defr…
Airwallex Launches In-Person Payments System, Escalating Rivalry with Stripe
Australian fintech firm Airwallex announced in midApril 2026 the launch of a new pointofsale POS payment system, a strategic move that places it in direct compe…
Google, Meta Fail to Honor California Privacy Opt-Outs, New Audit Reveals
An independent audit released in midApril found that major technology companies, including Google, Meta, and Microsoft, are systematically failing to honor lega…
NYC Mayor Proposes 'Pied-à-Terre' Tax on Luxury Non-Resident Homes
NEW YORK – On Tuesday, April 16, New York City Mayor Zohran Mamdani announced a proposal for the city’s firstever “piedàterre” tax, an annual fee targeting luxu…
Legal Scholar Denounces Blue States’ ‘Deranged’ Tax Pursuit of Fleeing Residents
WASHINGTON – Legal scholar Jonathan Turley, a professor at George Washington University Law School, issued a sharp critique of hightax states during a recent Fr…
Californians Face April 30 Deadline to Claim $400 Million in Unclaimed Tax Refunds
Hundreds of thousands of California residents have until April 30 to claim their share of an estimated $400 million in outstanding pandemicera relief funds befo…
CVB Financial Corp. Completes Merger with Heritage Commerce Corp, Creating $20 Billion California Bank
ONTARIO, Calif. – CVB Financial Corp. announced on April 17, 2026, the successful completion of its merger with Heritage Commerce Corp, a significant consolidat…
Montana GOP Joins Lawsuit to Invalidate Gianforte-Backed Property Tax Law
HELENA, Mont. — The Montana Republican Party formally joined a lawsuit seeking to nullify a major property tax law signed by Republican Gov. Greg Gianforte, esc…
Michigan Taxpayers Face Refund Delays as Treasury Cites Increased Review Measures
LANSING, Mich. – Thousands of Michigan taxpayers who filed their state returns this season are facing unexpected delays, with many finding their refund status s…
Home Depot Acquires SIMPL Automation to Bolster Same-Day Delivery Capabilities
ATLANTA — The Home Depot announced on Wednesday, April 15, that it has acquired SIMPL Automation, a Waltham, Massachusettsbased technology firm specializing in…
Loro Piana Secures Early Release From Judicial Oversight on Supply Chain Labor Practices
MILAN — Luxury fashion house Loro Piana has welcomed the early conclusion of a courtmandated judicial administration that was imposed last year following an inv…
Revival Animal Health Recalls Canine Milk Replacers Over Vitamin D Concerns
ORANGE CITY, IA – Revival Animal Health, LLC initiated a voluntary recall on April 17, 2026, for two of its canine milk replacer products, citing inconsistent a…
US Tariff Change in Early April Deals Unexpected Blow to Canadian Manufacturers
A quiet but significant change to the application of U.S. tariffs on steel and aluminum derivatives that took effect in the first week of April has sent a shock…
MD Pharmaceutical Supply Faces Renewed FDA Scrutiny Over Adulterated Ingredients
HANOVER, Pa. – MD Pharmaceutical Supply, LLC is facing new regulatory action from the U.S. Food and Drug Administration regarding its handling of active pharmac…
Trump Administration Finalizes Cuts to Solar Energy Funding for US Farmers
The U.S. Department of Agriculture this week formally announced it is cutting off key federal loan programs for wind and solar projects on American farms and re…
Treasury Secretary Urges Withholding Adjustments, Prompting Expert Warnings of Surprise Tax Bills
WASHINGTON — Treasury Secretary Scott Bessent on Tax Day urged Americans to adjust their paycheck withholding to immediately increase their takehome pay, a move…
India Captures 40% of US Smartphone Supply Previously Held by China, McKinsey Report Finds
A new report from McKinsey & Company reveals a landmark shift in the global electronics supply chain, with India emerging as a key supplier of smartphones to th…
Federal Judge Halts $6.2 Billion Nexstar-Tegna Merger Citing Antitrust Concerns
SACRAMENTO, Calif. — A federal judge on Friday issued a preliminary injunction that temporarily blocks the $6.2 billion merger of local television giants Nexsta…
States Expedite Clean Energy Projects Ahead of July 2026 Federal Tax Credit Deadline
A cohort of U.S. states, including California, Oregon, and New Jersey, are accelerating the approval and development of largescale renewable energy projects in…
California Senate Proposes New Tax on Large Firms Whose Employees Use Medi-Cal
SACRAMENTO — California Senate leaders in midApril unveiled a budget proposal that includes a new tax targeting the state’s largest corporations whose employees…
Alabama Suspends 2% State Sales Tax on Groceries for May and June
MONTGOMERY, AL – The Alabama Department of Revenue has suspended the state’s 2% sales and use tax on food for a twomonth period, effective from May 1 through Ju…
Indiana DOR Releases 2026 Legislative Summary, Extending Key Tax Deadlines
INDIANAPOLIS — The Indiana Department of Revenue DOR has released its 2026 Legislative Synopsis, a comprehensive summary of tax legislation enacted during the 2…
RV Suppliers Patrick Industries and LCI Industries Confirm Merger Talks
ELKHART, Ind. — Two of the largest suppliers to the recreational vehicle industry, Patrick Industries Inc. and LCI Industries, confirmed on April 17, 2026, that…
IMF Warns Protracted Iran Conflict Could Trigger Global Recession, Halve Growth
The International Monetary Fund on Tuesday issued a stark warning that the ongoing conflict involving Iran could severely damage the global economy, potentially…
US and Philippines Announce 4,000-Acre Luzon Hub to Secure Tech Supply Chains
WASHINGTON – The United States and the Philippines on April 16 announced plans to establish a 4,000acre hightech industrial hub on the Philippine island of Luzo…
Federal Judge Blocks Nexstar's $6.2 Billion Tegna Acquisition Pending Antitrust Trial
SACRAMENTO, Calif. — A federal judge has halted Nexstar Media Group’s $6.2 billion acquisition of rival broadcaster Tegna, granting a preliminary injunction tha…
Apple's MacBook Neo Faces Weeks-Long Shipping Delays Amid Overwhelming Demand
Apple’s new MacBook Neo, a laptop praised for its aggressive pricing and premium features, is facing significant stock shortages across the United States, with…
Repay Holdings Stock Surges After Forager Capital Proposes $4.80 Per Share Acquisition
Shares of payment processing firm Repay Holdings Corp. NASDAQ: RPAY soared in trading on Friday, April 17, 2026, following the announcement of an acquisition pr…
Chase to End Record 200,000-Point Offer for IHG Business Card on April 30
Chase has announced a final deadline for what industry observers call the bestever welcome bonus on its IHG One Rewards Premier Business Credit Card, a move tha…
Iowa House Proposes New Property Tax Plan, But Final Deal With Senate Remains Elusive
DES MOINES, Iowa — Iowa House Republicans on April 16 released a new property tax proposal, aiming to bridge significant gaps between their chamber, the State S…
Capital Southwest Projects Fourth-Quarter Earnings Above Analyst Estimates
DALLAS – Capital Southwest Corporation Nasdaq: CSWC announced on April 16, 2026, that it expects its fourthquarter earnings to surpass Wall Street expectations,…
US Naval Blockade Halts Iranian Oil Exports, Straining Global Supply Chains
WASHINGTON — The United States Navy this week implemented a full naval blockade of Iran, halting all maritime trade and severing the nation’s critical oil expor…
Trump Administration Halts $73 Million in Highway Funds to New York Over Driver Licensing Dispute
The Trump administration escalated its conflict with New York over immigration policy on Thursday, withholding more than $73 million in federal highway funding.…
IRS Launches New Online Tool to Help Taxpayers Resolve Debt After Filing Deadline
WASHINGTON — The Internal Revenue Service on April 16, 2026, announced the launch of a new online tool designed to help individuals and businesses navigate thei…
US Small Business Optimism Falls to 11-Month Low as Inflation and Economic Uncertainty Grow
Optimism among U.S. small business owners fell for a third consecutive month in March, dropping to its lowest point in nearly a year as persistent inflation, ri…
FDA Issues Warning to Sprout Health Over Unlawful Sale of Compounded Weight-Loss Drugs
WASHINGTON — The U.S. Food and Drug Administration issued a formal warning letter on September 9, 2025, to telehealth company Sprout Health Partners LLC, citing…
Trump Promotes 'No Tax on Tips' in Las Vegas Amid Iran War Inflation Concerns
LAS VEGAS — President Donald Trump promoted a new tax deduction for tipped workers during a roundtable event here on Thursday, April 16, while dismissing the ec…
American Express to Acquire AI Expense Startup Hyper in Push for Automated Commercial Tools
NEW YORK – American Express announced on April 16, 2026, that it has entered into an agreement to acquire Hyper, an artificial intelligencefocused expense manag…
IRS Urges Late Filers to Act as Penalties Accrue After April 15 Deadline
WASHINGTON — With the April 15 federal tax filing deadline now past, the Internal Revenue Service is urging businesses and individuals who missed the cutoff to…
Colorado Bill Proposes Potency-Based Marijuana Tax and Public Health Oversight
DENVER – Colorado lawmakers introduced a bill on Tuesday that would fundamentally overhaul the state’s marijuana industry, proposing to replace the current reta…
Fiverr Data Exposure Leaves Thousands of Private Documents, Including Tax Forms, Searchable Online
A security researcher revealed in midApril that freelance marketplace Fiverr left thousands of sensitive user documents, including tax forms and other personall…
Michigan Offers Tax Extension Relief to 33 Counties Hit by Severe Weather
LANSING, Mich. – The Michigan Department of Treasury announced this week that individuals and businesses in 33 counties affected by recent severe weather are el…
US Customs to Launch Tariff Refund System on April 20 for $166 Billion in Payments
WASHINGTON — U.S. Customs and Border Protection CBP will launch the first phase of a new system on April 20 to begin refunding an estimated $166 billion in tari…
NYC Mayor Mamdani, Gov. Hochul Propose New Tax on Luxury Second Homes
NEW YORK — On Tax Day, April 15, New York City Mayor Zohran Mamdani and New York Governor Kathy Hochul jointly unveiled a proposal for a new annual tax on highv…
Missouri Income Tax Elimination Bill Returns to House After Senate Amendment
JEFFERSON CITY, Mo. — A landmark proposal to eliminate Missouri's individual income tax was sent back to the House of Representatives early Thursday morning aft…
Nevada Tax Commission Proposes New Rules to Clarify Sales Tax for Remote Sellers and Marketplaces
The Nevada Tax Commission has proposed a new regulation, LCB File No. R09924, aimed at clarifying sales and use tax collection requirements for remote sellers a…
Philadelphia Mayor Defends Rideshare Tax Plan Amid Opposition from Uber and Lyft
Philadelphia Mayor Cherelle Parker on Wednesday staunchly defended her administration's proposal to levy a new $1 perride tax on transportation network companie…
New USPS Postmark Rule Puts Last-Minute Tax Filers at Risk of Penalties
WASHINGTON — A procedural change at the U.S. Postal Service that took effect in late 2025 is creating significant compliance risks for millions of American taxp…
Federal Judge in Texas Vacates IRS Microcaptive Insurance Reporting Rule
A federal judge in the Northern District of Texas on Wednesday struck down a contentious Internal Revenue Service regulation that imposed stringent reporting re…
Spektr Secures $20M in Series A Funding to Deploy AI Agents for Financial Compliance
Copenhagenbased Spektr, a company developing artificial intelligence infrastructure for financial compliance, announced on April 16 that it has raised $20 milli…
Spirit Airlines Faces Imminent Liquidation Amid Surging Fuel Costs, Sources Say
Spirit Airlines could halt operations and begin liquidating its assets as early as this week, according to multiple reports citing sources familiar with the mat…
Norfolk Southern CEO Touts UP Merger as Solution to Rail Industry's 'Frozen' State
ATLANTA — Norfolk Southern CEO Mark George, speaking at a major industry conference this week, championed the railroad's proposed merger with Union Pacific as t…
Bank of America Data Shows Consumer Spending Resilient Despite 16% March Gas Price Spike
Bank of America revealed in an April 2026 data release that its customers’ spending on gasoline surged 16% in March, a direct consequence of rising global oil p…
IRS Rules Make Bitcoin Impractical for Daily Use, New Report Argues
A report released this week by a policy think tank argues that U.S. tax law effectively prevents Bitcoin from being used as a practical cash alternative for eve…
IRS Offers Free Six-Month Filing Extension as April 15 Tax Deadline Approaches
WASHINGTON — With the April 15 tax filing deadline fast approaching, the Internal Revenue Service is reminding millions of individual taxpayers and small busine…
Port of Long Beach CEO Warns of Mounting Supply Chain Pressure From Mideast Conflict
LONG BEACH, Calif. — The chief executive of the Port of Long Beach warned in a midMarch briefing that “pressures are indeed mounting” on global supply chains fr…
NC House Committee Backs Constitutional Amendment to Limit Local Property Tax Levies
RALEIGH, NC – A North Carolina House committee on Wednesday advanced a proposed constitutional amendment that would significantly alter how local governments ca…
Alabama Governor Enacts Law Authorizing Winston County Lodging Tax, Fire Fee Pending Local Vote
On April 13, 2026, the Alabama Governor signed H.B. 611 into law, authorizing the Winston County Commission to levy an 8 percent lodging tax and a $5 per night…
Proposed United-American Airlines Merger Would Create World’s Largest Carrier, Faces Steep Regulatory Hurdles
WASHINGTON — United Airlines CEO Scott Kirby floated a proposal for a blockbuster merger with rival American Airlines during a meeting with White House official…
California's Proposed 'Billionaire Tax' Sparks Division Within Democratic Party
SACRAMENTO — A push by progressive lawmakers in California to impose new taxes on billionaires and large corporations has created a significant rift within the…
Federal Court Rules IRS Unlawfully Shared Taxpayer Data with ICE
A federal judge has ruled that an Internal Revenue Service policy allowing the agency to share taxpayer data with U.S. Immigration and Customs Enforcement ICE i…
Skild AI Acquires Zebra Technologies’ Robotics Automation Division
PITTSBURGH — The artificial intelligence firm Skild AI announced on April 15, 2026, that it has acquired the robotics automation business of Zebra Technologies…
Caterpillar Acquires Assets of Collapsed Autonomous Tractor Startup Monarch
Global equipment manufacturer Caterpillar Inc. has acquired the assets of Monarch Tractor, the oncepromising autonomous electric tractor startup that collapsed…
New York Leaders Propose New 'Pied-à-Terre' Tax on Second Homes, Sparking Economic Debate
NEW YORK — New York Governor Kathy Hochul and New York City Mayor Zohran Mamdani announced a proposal on Tuesday, April 14, to impose a new annual tax on nonpri…
California Regulators Weigh Ban on Artificial Stone Countertops as Silicosis Cases Mount
California is currently considering a sweeping prohibition on the fabrication and installation of artificialstone countertops, a move that would effectively ban…
Colorado Vows Crackdown on Illicit Hemp Products in Regulated Marijuana Market
Colorado’s Marijuana Enforcement Division MED announced this week its intention to crack down on companies illegally selling intoxicating hempderived products a…
IRS Finalizes 'No Tax on Tips' Rules, Adds Three Occupations Days Before Deadline
WASHINGTON — The Internal Revenue Service on Friday issued final regulations for the new federal deduction for tip income, clarifying which workers are eligible…
US Small Business Optimism Drops to 11-Month Low in March
Confidence among U.S. small business owners fell sharply in March, with a key sentiment index dropping to its lowest point in nearly a year amid rising energy c…
Senator Hagerty Introduces ‘Freedom to Build Act’ to Combat Regulatory Housing Costs
WASHINGTON – U.S. Senator Bill Hagerty, RTenn., has introduced new legislation aimed at reducing the significant regulatory costs associated with building new h…
US Imports From China Drop to 25-Year Low as 2025 Tariffs Reshape Trade
WASHINGTON – A major tariff announcement by the Trump administration on April 2, 2025, has accelerated a profound recalibration of U.S. supply chains, driving i…
IRS Extends 2026 Tax Deadline to May 22 for 23 Tennessee Counties After Winter Storm
WASHINGTON – The Internal Revenue Service announced on April 3, 2026, that it is extending the federal tax filing and payment deadline to May 22, 2026, for indi…
Federal Appeals Court Weighs Customer Use in $42.9M Software Tax Credit Dispute
A panel of federal appeals court judges on Tuesday closely questioned how customers interact with software developed by a pharmacy benefits management company,…
California Bill A.B. 2047 Seeks to Mandate Firearm-Blocking Tech in 3D Printers
SACRAMENTO – California lawmakers in late February introduced legislation that would require all 3D printers sold or transferred in the state to be equipped wit…
Bending Spoons Cuts Eventbrite Staff, Rolls Out Major Product Changes After $500M Takeover
Italian tech company Bending Spoons announced on Monday, April 13, that it had significantly reduced Eventbrite's preacquisition workforce and initiated extensi…
Taxpayers Navigate State Non-Conformity to Federal Tip and Overtime Deductions Amidst Filing Rush
As the federal and most state taxfiling deadlines approached on Wednesday, millions of Americans encountered a significant divergence in tax policy: new federal…
WordPress Deactivates Over 30 Plugins After New Owner Inserts Malicious Backdoor
The official WordPress.org plugin team took emergency action on April 7, 2026, deactivating more than 30 popular plugins after discovering that a malicious back…
Minnesota Businesses Face Millions in Losses From Federal Operation as Relief Bills Advance
A recent federal enforcement action, dubbed "Operation Metro Surge," has inflicted hundreds of millions of dollars in economic damage on Minnesota businesses, s…
West Virginia Clarifies Gambling Tax Rules With Updated Withholding and Loss Guidance
CHARLESTON, W.Va. — The West Virginia Tax Division has issued updated guidance clarifying the state’s rules for income tax withholding on gambling winnings and…
California Tax Agency Publishes New Guide on Agricultural Sales Tax Exemptions
SACRAMENTO — The California Department of Tax and Fee Administration CDTFA has published an updated and comprehensive guide clarifying the state’s complex web o…
Bipartisan House Bill Proposes Major Overhaul of US Crypto Tax Rules
WASHINGTON — U.S. Representatives Max Miller ROH and Steven Horsford DNV have released a bipartisan discussion draft of the Digital Asset PARITY Act, a new bill…
Tax Court Denies Dividend Deduction for Indirectly Owned Foreign Subsidiaries
WASHINGTON — The U.S. Tax Court issued a significant ruling on April 8, 2026, that curtails a key tax benefit for American corporations with complex internation…
Virginia Enacts Law Allowing Lower Property Taxes on Electric Landscaping Equipment for Businesses
RICHMOND, VA – Virginia has enacted a new law creating a separate tax classification for electricpowered landscaping equipment, a move designed to give local go…
New Tax Law Passed in July Raises SALT Deduction Cap to $40,000 for 2025
WASHINGTON — A new tax law passed in July 2025 has significantly altered the landscape for American taxpayers, most notably by raising the cap on state and loca…
New York Religious Order Sues State Over Gender Identity Law in Long-Term Care Facilities
A Catholic religious order that has provided free care to the terminally ill for over a century filed a federal lawsuit on April 7, 2026, challenging a New York…
Trump's Tax-Free Tip Proposal Gains Spotlight After DoorDash Delivery to White House
A recent McDonald's delivery to the White House by a DoorDash driver has thrust a specific tax policy proposal into the national conversation, highlighting pote…
Arkansas Woman Charged With Felony Theft Over $19,000 Payroll Error
JONESBORO, Ark. — An Arkansas woman was formally charged with felony theft on April 6 after her former employer alleged she refused to return nearly $20,000 tha…
US Fuel Prices Hit 2.5-Year High as Iran Conflict Disrupts Global Oil Supply
NEW YORK — Fuel prices across the United States have surged to their highest levels since September 2023, squeezing the budgets of households and businesses as…
Maine High Court Orders Tito's Vodka Maker to Pay $749,000 in Tax Dispute
AUGUSTA, Maine – The Maine Supreme Judicial Court ruled on Thursday that Fifth Generation Inc., the Texasbased producer of Tito’s Vodka, must pay $749,000 in ba…
ACA Subsidy Changes Lead to Surprise Tax Bills This Filing Season
Millions of Americans who received Affordable Care Act ACA subsidies in 2025 are facing unexpected tax liabilities as they file their federal returns this sprin…
Dual Supply Chain Attacks in March Compromised Widely Used 'Axios' Library, Spreading Malware
A pair of sophisticated supply chain attacks in late March 2026 compromised popular opensource software tools, including the widely used JavaScript library 'axi…
Washington State Ends Sales Tax Exemption for Data Center Upgrades
OLYMPIA, Wash. – In a move expected to generate over $200 million in tax revenue through 2029, Washington state has rolled back a longstanding sales tax exempti…
PJM Interconnection Seeks 15 Gigawatts of New Power to Meet Data Center Demand
PJM Interconnection LLC, the operator of the nation's largest power grid, announced an emergency proposal last Friday to secure 15 gigawatts of new electricity…
Meta’s New AI Tool Muse Spark Raises HIPAA Compliance Alarms by Soliciting Health Data
Meta’s launch earlier this month of Muse Spark, a new consumerfacing artificial intelligence model, has triggered significant data privacy and regulatory compli…
South Carolina to Deploy AI for Tax Audit Selection Beginning in 2026
COLUMBIA, S.C. — The South Carolina Department of Revenue will begin using artificial intelligence in 2026 to help select which state tax returns to audit, a mo…
Trump Administration Forms Anti-Fraud Task Force, Vows Tighter Control Over Federal Programs
The Trump administration has launched a governmentwide initiative to combat fraud in federal benefit programs, establishing a new task force through a March exe…
Idaho Jury Awards Meridian Clinic $6.4 Million in Payroll Fraud Case Against Ataraxis
A jury in Ada County recently awarded Meridianbased Spine Institute of Idaho more than $6.4 million in damages, finding that Boise payrollservices firm Ataraxis…
DOJ Establishes National Fraud Enforcement Division to Centralize Prosecution of Taxpayer Fraud
WASHINGTON – The Department of Justice announced a significant restructuring of its antifraud efforts on April 7, 2026, with the creation of a new National Frau…
Nearly 30 Million Americans Claimed Tip and Overtime Tax Deductions, Treasury Says
WASHINGTON — Nearly 30 million American taxpayers have utilized new federal deductions for tip and overtime income during the 2026 tax filing season, Treasury S…
5th Circuit Court Strikes Down 158-Year-Old Federal Ban on Home Distilling
NEW ORLEANS — A federal appeals court on Friday, April 11, struck down a 158yearold federal ban on distilling spirits at home for personal use, ruling the Prohi…
OpenAI Rotates Security Certificates, Forces macOS App Updates After Supply Chain Breach
OpenAI announced in midApril that it is revoking and rotating its macOS application security certificates following a March 31 software supply chain attack that…
IRS Imposes Immediate Penalties, Interest on Businesses Missing April 15, 2026 Tax Deadline
Small and midsized businesses across the United States that failed to file their federal income tax returns or pay their owed taxes by the April 15, 2026 deadli…
Retired Massachusetts State Police Sergeant Agrees to Plead Guilty in $21,000 PPP Loan Fraud Case
BOSTON – A retired Massachusetts State Police sergeant has agreed to plead guilty to federal wire fraud charges after fraudulently obtaining a Paycheck Protecti…
IRS Expands Online Business Tax Account Access to Partnerships and Nonprofits
The Internal Revenue Service announced on April 7, 2026, a major expansion of its Business Tax Account service, extending secure online access to millions of ad…
Former Connecticut Tax Preparer Indicted on 37 Counts of Federal Fraud
NEW HAVEN, Conn. — A federal grand jury on Wednesday indicted the former owner of a New Britain tax preparation business on 37 counts of tax fraud, alleging she…
Idaho Taxpayers Navigate Sweeping Changes to Deductions, Flat Rate in 2026 Filing Season
BOISE, Idaho — As the April 15 tax deadline approaches, Idaho individuals and businesses are navigating a significantly altered tax landscape for their 2025 ret…
Uber Faces Class-Action Lawsuit Over Phantom Income Tax Bills Sent to Non-Drivers
A classaction lawsuit filed in late March alleges that Uber’s lax driver screening policies have enabled widespread identity theft, resulting in the Internal Re…
New Study Finds Only 2% of Employers Test for AI Skills, Deepening Talent Shortage
A new report released on April 7, 2026, by Just Badge Research reveals a critical disconnect in the corporate hunt for artificial intelligence talent: while com…
USPS Mail Delays Put Paper Filers at Risk of Missing April 15 Tax Deadline
WASHINGTON — The Internal Revenue Service is warning millions of American businesses and individuals who file taxes by mail that they risk missing the April 15,…
Financial Institutions Deploy AI-Driven Security to Counter Instant Payment Fraud Ahead of EU Mandate
Financial institutions are significantly bolstering their security measures for instant payment systems, deploying advanced technologies like artificial intelli…
FedEx, UPS Fuel Surcharges Climb Above 26%, Pressuring Small Businesses
Major shipping carriers have sharply increased fuel surcharges in recent weeks, creating a new wave of financial pressure for small and midsized companies. As o…
Federal Reserve Analysis Finds 18% of US Firms Use AI, With Finance Sector Leading Adoption
WASHINGTON — The Federal Reserve Board released a new economic analysis on April 3, 2026, revealing that approximately 18% of U.S. firms have adopted artificial…
Fed Vice Chair Jefferson Signals Rate Cut Pause, Citing Stalled Inflation and Balanced Labor Market
WASHINGTON — Federal Reserve Vice Chair Philip N. Jefferson signaled on Tuesday that the central bank will likely hold off on further interest rate cuts, citing…
Report Details Costly Filing Errors as 2026 Tax Deadline Nears
NEW YORK – With the April 15 tax filing deadline now less than two months away, financial experts and a new report are warning taxpayers about common mistakes t…
September Analysis Reveals Five Docker Tools for SMBs to Replace SaaS Subscriptions
A new analysis published in September 2025 identifies a suite of five Dockercontainerized applications that enable small and midsized businesses to replace cost…
Recent 2026 Assessments Highlight Integration and Automation Trends in B2B Sales Scheduling Tools
New industry assessments for 2026 have revealed a significant evolution in the landscape of B2B sales meeting scheduling tools, emphasizing deeper integration w…
Enterprise IT Leaders Adopt Stricter Terms with SaaS Vendors Amid AI-Driven Market Shift
Enterprise Chief Information Officers CIOs and Chief Technology Officers CTOs are implementing a significantly harder line with SoftwareasaService SaaS vendors,…
Headless CMS Market Reaches Nearly $4 Billion in 2026, Projected for 21% Annual Growth
The market for headless content management systems CMS has solidified in 2026, shifting from an experimental technology to what industry reports describe as cri…
Oracle Appoints Hilary Maxson as CFO to Steer $50 Billion AI Infrastructure Investment
Oracle has named Hilary Maxson its new chief financial officer, a pivotal leadership appointment as the company commits to a $50 billion capital expenditure pla…
Gartner Forecasts Public Cloud Spending to Jump Over 20% in 2025, Pressuring Firms on Cost Controls
Global spending on public cloud services is projected to surge more than 20 percent to $723 billion in 2025, up from an estimated $595 billion in 2024, accordin…
Beyond the Handshake: How Governance Maturity Dictates M&A Success
While strategic fit and valuation often dominate the headlines of major mergers and acquisitions, the true success or failure of a deal is frequently determined…
Beyond the Deal: Why Governance Maturity is Key to Successful M&A Integration
Mergers and acquisitions are often announced with a focus on strategic fit and valuation, but the longterm success of these deals is frequently determined long…
Audit Reveals New Workday System Worsened Payroll Errors at Minnesota State Colleges
An official audit of the Minnesota State college and university system has concluded that the recent implementation of a new Workday human resources platform ha…
Haast Secures $12M to Accelerate Compliant AI Content Rollouts for Enterprises
New Yorkbased Haast Pty Ltd., an AIpowered enterprise compliance engine, announced today it has successfully raised $12 million in a Series A funding round. The…
Tech Sector Sheds 80,000 Jobs in Q1 2026 as AI-Driven Restructuring Accelerates
The global technology sector experienced a significant contraction in the first quarter of 2026, with an estimated 78,000 to 80,000 job cuts worldwide. Alarming…
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