SALT limitation is Senate Bill

On June 28, 2025, the U.S. Senate advanced The One, Big, Beautiful Bill in a 51–49 procedural vote. After that, lawmakers began an hours-long debate process before a final vote. The bill has undergone significant changes since it passed in the U.S. House. One notable change is in the state and local tax deduction cap, […]

ETAAC releases its 2025 annual report

The IRS Electronic Tax Administration Advisory Committee (ETAAC) released its 2025 annual report with recommendations for both the tax agency and Congress. Among other things, the committee recommends that the IRS update its tax return forms to enhance security and combat fraud and identity theft. It also recommends that the tax agency build on its […]

IRS reminds newlyweds to check withholding to avoid surprises

It’s wedding season, a time that’s generally filled with celebrations, gifts and planning. Amid the excitement, taxes might be the last thing on your mind. But the IRS reminds newlyweds to take a few key steps. Next year, for 2025, you’ll be filing your first tax return as a married person. That could affect the […]

IRS Taxpayer Advocate reviews filing season challenges

The IRS National Taxpayer Advocate Erin Collins recently released a “Fiscal Year 2026 Objectives Report to Congress.” Although she described the 2025 filing season as “one of the most successful in recent memory,” she warned of potential risks the agency must prepare for in 2026. The risks stem from a 26% reduction in the IRS […]

Bill addresses deduction of R&E expenses

Before the Tax Cuts and Jobs Act limited the deductibility of research and experimentation (R&E) expenses in 2022, businesses could deduct them in the year they were incurred. Currently, R&E expenses must be capitalized and amortized over five years for domestic activities and 15 years for foreign activities. Some companies complain that the current law […]

From New Grads to Seasoned Pros – We’re Hiring Accountants!

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📣 Public Accounting Opportunities – Build Your Future With Us

📣 Public Accounting Opportunities – Build Your Future With UsWhether you’re just starting your career or bringing years of experience to the table, we want to meet you. Our firm is growing, and we’re looking for entry-level and experienced accountants who are ready to thrive in a collaborative, client-focused environment. 🔍 What We’re Looking For: […]

Fees on electric cars in the House Bill

The U.S. House version of The One, Big, Beautiful Bill contains a provision that may surprise electric and hybrid vehicle owners. If enacted into law, the bill would impose an annual fee on clean energy cars: initially $250 for EVs and $100 for hybrids, with yearly rates pegged to inflation. Republican lawmakers say the fees […]

Celebrating Freedom – Happy 4th of July from Van de Ven CPAs 🎆

The 4th of July is more than a celebration—it’s a moment to reflect on the courage, vision, and values that shaped our nation. It reminds us of the freedom and opportunity we’re privileged to enjoy and the responsibility we share to uphold those ideals every day. At Van de Ven CPAs, these principles inspire our […]

Missouri’s Billy Long takes the helm at the IRS

Billy Long was sworn in as the 51st commissioner of the IRS on June 16. He’ll finish out the term of his predecessor, Danny Werfel, who resigned as IRS commissioner on Jan. 20, 2025. Long served as a U.S. representative for Missouri’s 7th Congressional District from 2011 to 2023. He said he plans to develop […]