New tax changes; love it or hate it; tax spirit animal; and other highlights from our favorite tax bloggers.
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Slice, slice, baby
ITEP : Yum! Brands, the fast-food multinational that owns KFC, Taco Bell and Pizza Hut, reported this week that it made $1 billion of pretax profits in the U.S. last year — and didn’t pay a dime of federal income taxes on those profits.Armanino: The One Big Beautiful Bill Act has dominated the news — viewed by some with skepticism and by others as common sense. Love it or hate it, the law is here to stay and blends tax reforms, entitlement changes and major spending initiatives that could affect nearly every sector and household in the U.S. Armanino decodes how the OBBBA’s tax provisions are reshaping the tax landscape for both businesses and high-net-worth individuals.Tax Foundation: The 2026 filing season is the first to reflect new tax changes from the OBBBA, including deductions for tips, overtime, auto loan interest and senior citizens. Tax filers are likely to see larger tax refunds than usual because the tax cuts enacted for 2025 were not reflected in IRS withholding tables, leaving many taxpayers over-withheld for the year.
Same old song
Wiss : Talk to any accountant during crunch time — tax season, year-end close, audit prep — and you’ll hear the same refrain: It’s not just busy. It’s compressed. The windows keep shrinking, the complexity keeps climbing, and somewhere in the crush of it all, the thing we’re supposed to be good at — clear thinking — gets squeezed out.Don’t Mess With Taxes: March 2026 generally decided to reverse its usual in-like-a-lion, out-like-a-lamb script. Most of the country enjoyed pleasant weather as the third month of the year rolled in over the weekend. Here are four possible March Tax Moves that can help regardless of whether your tax spirit animal is Leo or Lambchop.U of I Tax School: Whether you expect to retire in 20 years or you’re already considering a sale, early succession planning protects the value of your business and ensures a smooth transition for the people who rely on you. In this first post of a series on succession planning, U of I Tax School explores why establishing a succession plan early is essential to protecting a business’ future.
Teach your children
AICPA & CIMA : Trump accounts, officially known as Section 530A accounts, are one of the newest tax-advantaged saving tools for parents or guardians to create for their children. With more adults eager to maximize long-term planning strategies and set the children in their life up for financially secure futures, knowing the details is critical to advising clients for years to come.Avalara: The Supreme Court of the United States ruled that the International Emergency Economic Powers Act does not authorize the president to impose tariffs. Given the wide-reaching nature of IEEPA tariffs, this decision will be impactful.Yeo & Yeo: Most businesses are not using their firewalls properly. Firewalls don’t just work by being plugged in. They rely on good setup, maintenance and monitoring to continue performing their job effectively. And that’s where many SMBs slip up. Here are some common firewall mistakes and how to avoid them.Vertex: Regulatory requirements continue to expand across jurisdictions. ERP and technology ecosystems are evolving rapidly, increasingly shaped by advances in artificial intelligence that drive greater automation and smarter insights. In this environment, no single company can deliver everything customers need on its own. That is why partner ecosystems are no longer simply a go‑to‑market strategy. They are essential to customer success.
Stormy weather
Sagenext: As a result of the powerful winter ice storms that lasted from Jan. 22, 2026, onward, the IRS has officially confirmed tax relief for individuals and businesses across the State of Louisiana. This Louisiana tax relief aims at helping affected taxpayers by giving them more time to take care of their federal tax responsibilities while they concentrate on the recovery. Sagenext provides the essential information about the IRS announcement.TaxProf Blog : California’s proposed billionaire tax has rattled its wealthiest residents and spurred fears the state could lose some of its most valuable taxpayers. It has divided Democratic leaders and sparked debate, admiration and derision around the country. It isn’t even on the ballot yet.
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